DTLA Commercial Real Estate for Lease & Sale

Investment property for sale — exclusively listed by K2.

Exclusive · For Sale

Fashion District · DTLA

1048–1052 S Los Angeles Street

Los Angeles, California 90015 · APN 5145-020-005 · M2-2D Zoning · Corner Lot

$4.95MAsking

5.08%Cap rate

$251K2025 NOI

15Total units

Mixed-Use Office & RetailFully Rebuilt 2009Corner LotIndividual Sub-MetersMulti-Tenant · 14 Income-Producing1031 Exchange EligibleValue-Add · Rents ~10 Yrs Below Market

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A 15-unit mixed-use office and retail investment property on a corner lot at S Los Angeles Street and 11th Street in the Downtown Los Angeles Fashion District. Originally constructed in 1922 and comprehensively rebuilt in 2009 with all new electrical, plumbing, HVAC, roof, structure, bathrooms and elevator. Net operating income grew 4.4% year over year to $251,516 in 2025. Rents have not been materially increased in approximately ten years — a clear value-add thesis for a new owner ready to reposition. All 15 units feature individual electrical sub-meters. 2026 collections through June total $163,160, consistent with prior year performance. Ideal for 1031 exchange buyers, owner-users, international investors and private capital.

Commercial spaces currently available for lease.

K2 represents commercial landlords and tenants across Downtown Los Angeles. Contact us for current availability, pricing and to schedule a tour — listings update continuously.

For Lease · Flower District · Downtown LA

Penthouse Loft — 530 E 8th Street, Suite 600

6,700 SFSize

Commercial LoftType

1947Built

LeaseContract

A one-of-a-kind commercial penthouse loft combining industrial character with modern amenities. Soaring high ceilings, sandblasted exposed concrete walls, refurbished warehouse windows, full A/C, a complete kitchen, two bathrooms, a private enclosed office, and exclusive roof access with panoramic Downtown Los Angeles views. Ideal for creative agencies, production companies, photography studios, architecture firms, tech startups, or any tenant seeking a distinctive commercial address in the heart of DTLA.

6,700 SFHigh CeilingsSandblasted ConcretePanoramic ViewsA/CKitchen2 BathsPrivate OfficeRoof Access

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For Lease · Garment District / Fashion District · Downtown LA

Industrial Warehouse / Creative Space — 1024 Santee St, Suite 501

3,100 SFSize

Industrial / CreativeType

1921Built

LeaseContract

A versatile industrial warehouse and creative space in the heart of DTLA's Garment District on Santee Street — the city's most active wholesale and creative commercial corridor. The 3,100 SF fifth-floor suite combines the character of a 1921 industrial building with the flexibility to accommodate light manufacturing, fashion showrooms, creative studios, photography or film production, design agencies and unique commercial tenants. Steps from Santee Alley and the core of the Fashion District.

3,100 SFIndustrialCreative / StudioSantee StreetGarment DistrictFashion District5th Floor Suite

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The three Downtown corridors where K2 is most active.

Downtown Los Angeles is not one market — it is a collection of distinct commercial submarkets, each with its own tenant base, rental dynamics and property character. Understanding which submarket fits your business or investment thesis is the first step to finding the right space.

Fashion District

Roughly bounded by 9th Street to Olympic Boulevard between Maple Avenue and Los Angeles Street. The largest wholesale commercial district in the U.S., home to apparel showrooms, retail storefronts, creative offices and a rapidly growing hospitality corridor. High foot traffic, strong tenant demand, and corner properties at a premium.

Current listing: 1048 S Los Angeles Street

Flower District

Centered around E 8th Street between Wall Street and San Julian Street. One of Downtown LA's most commercially active and well-connected corridors — walkable to the Fashion District and close to major transit.

K2's office is at 530 E 8th Street · 6,700 SF penthouse loft for lease in the building

Garment District · Santee

The Santee Street corridor from Olympic to 9th Street runs through the heart of the district and includes some of DTLA's highest-density retail streets. The area supports light manufacturing, wholesale showrooms, fashion design studios and creative commercial tenants.

Current listing: 3,100 SF industrial space at 1024 Santee Street

Common questions about DTLA commercial property.

What commercial spaces are currently available for lease in Downtown Los Angeles?

K2 currently represents a 6,700 SF penthouse loft at 530 E 8th Street, Suite 600 in the Flower District, and a 3,100 SF fifth-floor industrial and creative suite at 1024 Santee Street, Suite 501 in the Garment District. Availability changes — call (213) 624-0490 for current status.

Is there a commercial building for sale in Downtown Los Angeles listed by K2?

Yes. 1048–1052 S Los Angeles Street is offered exclusively at $4,950,000 — a 15-unit mixed-use office and retail property on a signalised corner in the Fashion District, at a 5.08% cap rate on $251,516 of 2025 net operating income.

What is the difference between the Fashion, Flower and Garment Districts?

The Fashion District is the largest wholesale commercial district in the U.S. — apparel showrooms, retail storefronts and creative offices with high foot traffic. The Flower District, centred on E 8th Street, is one of DTLA's most connected corridors and close to major transit. The Garment District along Santee Street supports light manufacturing, wholesale showrooms and creative studios. Each has its own tenant base, rental dynamics and property character.

Is tenant representation available at no cost when leasing through K2?

In most commercial lease transactions the landlord pays the brokerage commission, which means tenant representation typically costs the tenant nothing. Terms vary by building — K2 will confirm the arrangement before you commit to anything.

Can K2 help me find commercial space that isn't publicly listed?

Yes. Thirty years in the same corridors means K2 often knows which owners are considering a lease or sale before anything is marketed. A meaningful share of the firm's transaction history never reached the open market.

How much does it cost to lease office space in the Fashion or Flower District?

Rates vary considerably by building, floor, condition and term. Call (213) 624-0490 for current pricing on the specific spaces K2 represents.

Tell us what you're looking for — we can find it.

K2 has access to off-market inventory and broker relationships across Downtown Los Angeles. Whether you need office space in the Flower District, retail frontage in the Fashion District, or an investment property to 1031 exchange into — we know the market and the buildings.

Commercial property in Downtown Los Angeles.