731 S Broadway - Storefront Retail/Office FOR SALE


Los Angeles, CA 90014- Financial District
$7,200,000 USD
818-425-8677
731 S Broadway, Los Angeles, CA for Sale
$7,200,000 USD
Storefront Retail/Office - FOR SALE
1/61
null | Request Cap Rate

731 S Broadway
Los Angeles, CA 90014
Financial District


HIGHLIGHTS

  • Newer plumbing, electrical, HVAC and fire protection services
  • Newer Elevator with Rooftop Access
  • Open floor plans with high ceilings
  • Bathrooms on each floor

OVERVIEW

Located in the heart of Downtown Los Angeles and informally known as the "Family Pants" building for its blade sign, this 4 story property was originally built in 1913 and extensively remodeled in 2018 / 2019. A new elevator with access to the usable rooftop space was installed, new staircases were put in place and the building systems such as electrical, plumbing and HVAC were all replaced. Additionally, some structural work was done to the property, such as adding new support beams throughout, adding a pair of bathrooms on each floor (including the basement) as well as adding fire sprinklers and fire communication systems to the whole property. At 23,061 sq ft, the property includes a basement level that spans the entire property, a ground floor retail space that features high ceilings and a mezzanine level that connects the basement to the retail space. The second floor is mostly an open floor plan with three offices and a back patio, the third floor is currently divided into two spaces and the fourth floor features an open office space on the western side as well as a potential live work space on the eastern side of the floor. The roof top has elevator access and features decking, a storage space and amazing views of the Downtown LA skyline as well as the historic core. The property is located along a busy stretch of Broadway between 7th and 8th streets, just steps from the Apple Flagship Store at the Tower Theater and on the same block as Ross and the new Adidas flagship. Other retailers in the immediate area include Aesop, Gentle Monster, Mykita, Urban Outfitters, Gianni and more. Thousands of residential units are located within a couple of blocks as well as several hotels. The property is a few blocks from the Pershing Square and 7th street metro stations as well as near multiple parking lots and structures.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Supermarket, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

8th Street

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

[DM4-CHC1-5] [CX4-FA] [S

APN/PARCEL ID

5144-014-032

ASK ABOUT THIS PROPERTY

Dion NoravianGreen World RealtyMore Info
818-425-8677

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Dion NoravianGreen World RealtyMore Info
818-425-8677

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