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1401 S Main St, Los Angeles, CA 90015
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1401 S Main St Los Angeles, CA 90015

$28,000,000 Sold Price as of 09/29/2022
  • -- Beds
  • -- Baths
  • 5,656 Sq.Ft.
Sold
$28,000,000 Sold Price as of 09/29/2022 Refinance Your Mortgage
Map preview of 1401 S Main St, Los Angeles, CA 90015

Property Overview: 1401 S Main St Los Angeles, CA has -- bedrooms, -- bathrooms, 5,656 living square feet and 9,464 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: building's earthquake retrofit was completed. zoning LAUI, , call for details. Seismic retrofit completed in 1970's Lot size: 9464 SF; Building: 5,600 SF. Built in 1926, 7 Units;7 electric meters. Subject to cancel the present escrow. Seller will carry with 30% down, 3-year term, subject to buyer's qualification approval.

Listed by PETER LO | BRE #01062167 | IRN REALTY
Last checked: 13 minutes ago | Last updated: September 29th, 2022 | Source CRMLS | DOM: 847

Home details

Lot Sq. Ft
9,464
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
WS20094249
City
Los Angeles
County
Los Angeles
Time on Site
1212 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $5,948
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $4,200
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1401 S Main St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 5409005027
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected
Location / Neighborhood
Location Information
  • Directions: near Chinatown, Main St has a exit from FWY 5.
View more facts & features

Local Los Angeles Agent

Sale History for 1401 S Main St

Last sold for $28,000,000 on September 29th, 2022

  • September, 2022

  • Sep 29, 2022

    Date

    Leased

    CRMLS: WS22148547

    $4,242

    Price

  • Jul 7, 2022

    Date

    Active

    CRMLS: WS22148547

    $10,528

    Price

  • Listing provided courtesy of CRMLS

    A traffic light signalized street corner, store frontage unit for lease, suitable for various retails, studio, office, sewing etc. The tenant improvement allowance available. Subject presently is vacant, easy to show. LL will credit to tenant for T/I.

  • February, 2022

  • Feb 10, 2022

    Date

    Leased

    CRMLS: WS21248486

    $2

    Price

  • Dec 1, 2021

    Date

    Active

    CRMLS: WS21248486

    $3,150

    Price

  • Listing provided courtesy of CRMLS

    A traffic light signalize street corner, store frontage unit for lease, suitable for various retails, studio, office, etc. The tenant improvement allowance available. Subject presently is vacant. The use for retail/office a substantial renovation required. LL will credit to tenant for T/I.

  • July, 2021

  • Jul 2, 2021

    Date

    Price Change

    CRMLS: WS20094249

    $2,800,000

    Price

  • Mar 30, 2021

    Date

    Price Change

    CRMLS: WS20094249

    $2,780,000

    Price

  • May 18, 2020

    Date

    Active

    CRMLS: WS20094249

    $2,800,000

    Price

  • April, 2020

  • Apr 1, 2020

    Date

    Expired

    CRMLS: WS20003768

    $2,999,000

    Price

  • Feb 16, 2020

    Date

    Active

    CRMLS: WS20003768

    $2,999,000

    Price

  • Jan 11, 2020

    Date

    Hold

    CRMLS: WS20003768

    $2,999,000

    Price

  • Jan 7, 2020

    Date

    Active

    CRMLS: WS20003768

    $2,999,000

    Price

  • Listing provided courtesy of CRMLS

    Subject building is for sale independent, or sell together with listing # WS19185552 , 123 W. Ann St. L.A 90012 for sale price $14 M, two parcels for sale at total $ 17 M. They are two street corners properties on the same block, Los Angels's Cornfield Arroyo Specific Plan, Urban Innovation Zone (LAUI), walk to 32 acres State Historic Park, metro Station, Gold Line Station, Union Station, Chinatown, etc. near by mega new mixed res/retail development with 700 unit condo projects are under construction, diamond opportunity in here. Subject's market is waiting for a new retailer, has about 2100 SF, vacant. the #1405 unit is a garment contractor tenant. Offer is subject to inside inspection, call for retail info. Subject seller will do 1031 tax deferral exchange at no cost to buyer, 2 escrows should close concurrently. seller choice services. Subject listing can be sold along. But, 2 listings may make the new project better for future new development. The #1401, 2100 SF was a closed business for grocery store, now is vacant and available for lease at $1.60/SF/Mo/Gross.

  • January, 2020

  • Jan 7, 2020

    Date

    Expired

    CRMLS: WS19185588

    $2,999,000

    Price

  • Nov 26, 2019

    Date

    Price Change

    CRMLS: WS19185588

    $2,999,000

    Price

  • Sep 7, 2019

    Date

    Active

    CRMLS: WS19185588

    $3,300,000

    Price

  • Sep 7, 2019

    Date

    Price Change

    CRMLS: WS19185588

    $3,300,000

    Price

  • Aug 6, 2019

    Date

    Withdrawn

    CRMLS: WS19185588

    $4,000,000

    Price

  • Aug 4, 2019

    Date

    Active

    CRMLS: WS19185588

    $4,000,000

    Price

  • Listing provided courtesy of CRMLS

    Subject building is for sale independent, or sell together with listing # WS19185552 , 123 W. Ann St. L.A 90012 for sale price $14 M, two parcels for sale at total $ 17.3 M. They are two street corners properties on the same block, Los Angels's Cornfield Arroyo Specific Plan, Urban Innovation Zone (LAUI), walk to 32 acres State Historic Park, metro Station, Gold Line Station, Union Station, Chinatown, etc. near by mega new mixed res/retail development with 700 unit condo projects are under construction, diamond opportunity in here. Subject's market is waiting for a new retailer, has about 2100 SF, vacant. the #1405 unit is a garment contractor tenant. Offer is subject to inside inspection, call for retail info. Subject seller will do 1031 tax deferral exchange at no cost to buyer, 2 escrows should close concurrently. seller choice services. Subject listing can be sold along. But, 2 listings may make the new project better for future new development.

  • May, 2019

  • May 1, 2019

    Date

    Expired

    CRMLS: WS18266473

    $16,800

    Price

  • Nov 30, 2018

    Date

    Withdrawn

    CRMLS: WS18266473

    $16,800

    Price

  • Nov 26, 2018

    Date

    Price Change

    CRMLS: WS18266473

    $16,800

    Price

  • Nov 5, 2018

    Date

    Active

    CRMLS: WS18266473

    $2,130

    Price

  • Listing provided courtesy of CRMLS

    Subject building is under a complete renovation construction in 2019, will be completed the end of year 2019, multiple unit s with space a 700 Sq.Ft up to a 2,800 SQ.,Ft business suite. ( space is flexible and customized to tenant needed} for retail, office, food service relate business. Please drive by, do not interrupt present business operation. Building will be vacant by April 2019. Terms: 5 years with extension option. $3.00/SQ.FT/Mo, NNN Lease. Please note: zip code is 90012. (auto tax info loading 90015 is an error entry)

  • October, 2018

  • Oct 18, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,110,000

    Price

Show More

Tax History for 1401 S Main St

Assessed Value (2020): $2,152,200
Year Land Value Improved Value Assessed Value
2020 $969,000 $1,183,200 $2,152,200

Home Value Compared to the Market

This property vs the competition

1401 S Main St sold on September 29, 2022 for 135.29% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $495.05 per/sqft which puts the price per square foot 34.43% lower than the current median sale per square foot for the city of Los Angeles.

About 1401 S Main St

Detailed summary of property

1401 S Main St is a mixed use that recently sold in Los Angeles, CA 90015. This mixed use property offered -- bedrooms, -- bathrooms, roughly 5,656 living square feet, and sits on an approximately 9,464 square foot lot. 1401 S Main St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $28,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 135.29% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 94 days, 1401 S Main St has a days on market of 847 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1401 S Main St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1401 S Main St

Public county record property details
Beds
--
Baths
--
Year built
1926
Sq. Ft.
5,656
Lot Size
9,463
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
5409-005-027

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$725
Median Sold Price
$625,000
Median Sold Price/Sq.Ft.
$608
Total Inventory
80
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (27.27%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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