1153 Santee Street

This is a REO Lender owned multi-tenant retail investment opportunity in the heart of the Fashion District in Downtown Los Angeles at 1153 Santee St on the corner of E 12th St & Santee St, less than a mile from the Los Angeles Convention Center, Crypto.com Arena and LA Live. Built in 1989, the subject property features 29 retail spaces throughout the four-story building as well as two cell towers on the roof; the building is currently 88% occupied and the majority of tenants are on short-term leases, allowing an investor to stabilize the asset immediately. 12 spaces on the first-floor benefit from the high foot traffic in the neighborhood. Functional spaces with the majority between 129-1,609 SF with the exception of the fourth floor that consists of a 7,838 SF office space. Excellent walk score of 85, located a half-mile from the Metrorail lines and steps from the DASH and Metro Local bus lines; easy access to the 10 & 110 Freeways. The Fashion District continues to be the heart of commercein Downtown Los Angeles with local businesses thriving inthe neighborhood; the area has also benefited from expandedresidential development in Downtown LA.