Opportunity to purchase an Opportunity Zone property in Little Tokyo area, subject property is a commercial building at 262 S. Los Angeles Street located on the corner of S Los Angeles and 3rd Street. This is a truly rare opportunity for a buyer to own in one of the most diverse and growing neighborhoods of Downtown Los Angeles. Walking distance to world renowned museums, restaurants/bars and new residential developments, it is undeniably the place to be. The 3-story with basement building at 262 S. Los Angeles Street has over 30,000 square feet of mixed use retail, office and warehouse space with redevelopment potential. The property has two parcels of land (APN 5161-025-004 and 5161-025-001) for the building and easement. The building was heavily damaged in a fire and undergoing clean-up and rebuilding. At the time of the fire and for over a decade, because of the heavily traveled traffic location, the building has always had over 90% occupancy. With its unparalleled access to Downtown Los Angeles, the property additionally benefits from traffic from 31 million square feet of Downtown Los Angeles office space and its multitude of cultural icons including the Walt Disney Concert Hall, Dorothy Chandler Pavilion, Ahmanson Theater, LA Live, Nokia Theater, Staples Center and many more. For additional information, please contact listing agent directly. Buyer and agent/broker to verify the accuracy of all property details such as lot size, square footage, zoning, permits, use code, taxes and/or other information. Neither seller nor their agent/broker makes any warranties or guarantees regarding this information.
Courtesy of Eduardo Ho, Broker, Ed Ho,
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Data last updated 3:26 PM UTC, 10/7/22