1525 pizarro street los angeles€¦ · kitchen/deck furniture is available. bar/ ... from downtown...
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1525 PIZARRO STREETLOS ANGELES
POTJANEE SRICommercial Associate
(818) [email protected]#01766066
TOM MASTERANIDirector, Commercial Division
(818) [email protected]
CalBRE#00716502
www.1525PizarroSt.com
2 | www.1525PizarroSt .com
Property consists of multiple parcels and is zoned C2-1 (Commercial) allowing for a variety of commercial and multifamily residential developments. Subject site is within the Los Angeles Enterprise Zone and potentially offers tax credits. Property is primarily owner-occupied, dba Pho Siam Thai Spa (Health/Day Spa). A portion of the premises is leased as a nail salon. Additionally, there is a Juice Bar with food service permitted on the roof top deck/lounge. Kitchen/deck furniture is available. Bar/lounge is not currently in operation. Property can be purchased as an investment with leases in place OR building can be delivered vacant to an owner-user or developer. Previous uses at this site include medical office, store and church.
LOCATION OVERVIEW
Located just south of Echo Park Lake at the corner of Glendale Boulevard and Pizarro Street - minutes from Downtown Los Angeles and Dodger Stadium - DTLA submarket.
1517 - 1519 - 1525 PIZARRO STREET, LOS ANGELES
Front Reception Desk
Front Waiting Room Front Waiting Room Front Waiting Room
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Front View
Street View
Juice Bar - Deck
Awards/Recognition
Parking Lot
Front - Nail Spa
Sun Room
Awards/Recognition
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1517 - 1519 - 1525 PIZARRO STREETFLOOR PLAN - 1ST LEVEL
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1517 - 1519 - 1525 PIZARRO STREETFLOOR PLAN - 2ND LEVEL
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• Building Size: 11,369 sqft
• Lot Size: 18,437 sqft/0.42 AC
• Year Built: 1954
• Zoning: LAC2-1
• Number of Stories: 2
• Number of Units: 3
• Parking Spaces: 28
• Parking Ratio: 2.5
• Property Type: Office/Medical Building
• Building Class: B
• Renovated: 2011
• Foundation: Slab
• Walls: Drywall
• Roof: Built-up Composition
• Market: Echo Park
• Submarket: DTLA
• Permits indicate cover was installed in 1999
Side Reception Desk
Pho Siam Building1517-1519-1525 Pizarro St., Los Angeles, CA 90026
(Corner of Glendale Boulevard & Pizarro Street)
Offered at $5,600,000
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Waiting Room
Thai Massage Hallway
Thai Massage Room
Thai Massage Restroom
Thai Massage Hallway
Thai Massage Room
Thai Massage Room
Thai Massage Restroom
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Office
Facial Room 1
Facial Room 3
Facial Room 2
Facial Room Restroom
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Nail Salon Workstations
Co-Ed Room (Under Construction)
Nail Salon Area
Nail Salon Restroom
Nail Salon Workstations
Co-Ed Room (Under Construction)
Nail Salon Workstations
Laundry Room
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Roof Deck Cabanas
Juice Bar
Roof Deck Jacuzzi
Roof Deck
Roof Deck View
TO REQUEST ADDITIONAL INFORMATION, PLEASE CONTACT:
INVESTMENT DETIALS
Purchase Price: $5,600,000
Cap Rate: 4.6%
Building Size: 11,369 (measured)
Lot Size: 0.42 +/- acres
Parking: 28 spaces (gated)
Zoning: C2-1 Commercial, City of Los Angeles
TENANT INFORMATION
Pho Siam Thai Spa $180,000 (Actual)
Allstar $15,600 (Actual)
Nail Salon $24,000 (Actual)
Juice Bar/Deck $36,000 (Proforma)
The property consists of three parcels with additional addresses of 1517 and 1519 Pizarro Street. Building markings only utilize 1525 Pizarro Street.
APN: 5159-021-027, 5159-021-028, 5159-021-029
Improvement Description
A one and partial two-story, 11,369 square feet, commercial development constructed between 1954 and 2011 with extensive remodeling since 2005. On site parking is provided at 2.5 spaces per 1,000 square feet of building area.
AERIAL VIEW
Video Tour Available at www.1525PizarroSt.com
POTJANEE SRICommercial Associate
(818) [email protected]#01766066
TOM MASTERANIDirector, Commercial Division
(818) [email protected]#00716502
If your property is currently listed with another Broker, this is not intended as a solicitation. Information provided by seller or third-party sources. Information not verified or guaranteed.