1330 S Santa Fe Ave - Loft/Creative Space FOR SALE


Los Angeles, CA 90021
$7,495,000 USD
310-300-2838
1330 S Santa Fe Ave, Los Angeles, CA for Sale
$7,495,000 USD
Loft/Creative Space - FOR SALE
1/37
null | Request Cap Rate

1330 S Santa Fe Ave
Los Angeles, CA 90021


HIGHLIGHTS

  • Attractive Price Per SF: $387/SF of Building
  • Full structural upgrade in 2018 renovation | New Plumbing, Electrical, and HVAC
  • 13 Designated Parking | Additional 17 Rentable Parking Spaces
  • Irreplaceable Location | Downtown LA Arts District
  • Unique Creative Flex Space | Owner/User Opportunity with Passive Income
  • SBA Financing with as Little as 10% Down

OVERVIEW

Alex Reyhan and Daniel Hirth of The Hirth Group have been exclusively selected to market for sale the property located at 1330 S. Santa Fe Avenue. This one-of-a-kind, three-story creative office space presents an unparalleled investment or owner-user opportunity in the vibrant and highly sought after Los Angeles Arts District. The subject property is located right off the 10 Freeway, on the Southeast corner of Hunter Street, parcels away from E. 8th Street. Comprising eight distinctive suites, the property spans approximately 19,350 square feet of prime retail and creative office space. 1330 S. Santa Fe Avenue offers an ample amount of parking parallel to the property with an additional 17 spaces assigned to the asset under the 10 Freeway. For investors or owner-users alike, this versatile property offers numerous strategic opportunities. Currently, the most desirable unit on the corner ground floor totaling ±2,200 Sf has been kept vacant for the sale. Several tenant leases are approaching expiration, providing further flexibility for occupancy or income generation. An owner-user can choose to vacate units and occupy up to 53% of the building—qualifying for SBA financing with as little as 10% down—or occupy the vacant unit, obtaining a conventional loan of 20% down, while collecting and benefiting from passive rental income to offset mortgage and operational expenses, reducing their monthly cost basis immediately. With the potential to reduce ownership costs to as low as $3.32/SF or $7,307 per month, this offering combines creative flexibility with exceptional financial advantages. Comparable creative flex buildings are scarce in this highly desirable pocket of the Arts District, particularly at such an attractive price per SF. *Buyer to verify all information.

FOR SALE DETAILS

PRICE

$7,495,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,999 SF

ZONING

LAM3

APN/PARCEL ID

5168-031-005

ASK ABOUT THIS PROPERTY

Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

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Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.