Historic Core
Historic Core mixed-use building in downtown Los Angeles, offered at $4,888,000. This 23,061 SF, four-story asset built in 1913 and fully renovated in 2018–2019 combines ground-floor retail, three floors of creative office space, basement, mezzanine, and a usable rooftop on a 5,227 SF lot. Currently generating $34,554 in gross monthly income at 87.8% occupancy, with approximately 2,805 SF of vacant space on the third floor available for lease-up or owner use.
Located on Broadway between 7th and 8th Streets in the Historic Core, the property sits on a high-traffic corridor (19,945 vehicles per day) adjacent to Ross Dress for Less and surrounded by thousands of residential units. Nearby anchors and amenities include Level Hotel, Clifton's Republic, Shake Shack, Urban Outfitters, Whole Foods, Bottega Louie, and Pershing Square within walking distance. The building features 30.15 feet of Broadway frontage and benefits from proximity to public transportation and commuter rail.
Over $2.5 million in recent upgrades include new electrical and plumbing systems, separate HVAC to each floor, private restrooms on each floor, private elevator access, and a full sprinkler system. On-site parking is available. The property is zoned [DM4-CHC1-5][CX4-FA][SN-CPIO-CDO] and is ready for owner-user or investor repositioning.
- Prime Historic Core DTLA location with 19,945 daily vehicle traffic count
- Fully renovated 2018–2019 with over $2.5M in upgrades
- Mixed-use configuration: retail, creative office, basement, mezzanine, usable rooftop
- Currently generating $34,554 monthly income; 2,805 SF vacant for lease-up
- Separate HVAC, private restrooms, and elevator access on each floor
More property details
Features & amenities
Location
Prime DTLA Historic Core location between 7th and 8th Streets, next door to Ross Dress for Less. Surrounded by thousands of residential units with nearby amenities including Level Hotel, Clifton's Republic, Shake Shack, Urban Outfitters, Whole Foods, Bottega Louie, and Pershing Square within walking distance.
- Historic Core DTLA; Between 7th & 8th Streets; Adjacent to Ross Dress for Less; High foot traffic area; Surrounded by residential units
Additional details
Updated, turnkey creative 4-story building in DTLA Historic Core with mixed-use configuration: basement, mezzanine, ground floor retail, 3 floors of creative office space, and usable rooftop
This offering material is confidential and furnished solely for the purpose of a review by prospective Buyers. The information has been secured from sources believed to be reliable. References to square footage or age are approximate. Recipient must verify the information and bears all risk for any inaccuracies.