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.