928-938-940 S. Figueroa St
Los Angeles, CA 90015 ·
72,426 SF · Sport & Entertainment For Sale
The Variety Arts Center, Figueroa & Olympic
|Price||N/A||Property Sub-type||Theatre/Performing Arts|
|Building Size||72,426 SF||Property Use Type||Vacant/Owner-User|
|Property Type||Sport & Entertainment||Lot Size||0.57 AC|
|Listing ID: 15897046||Date Created: 09/16/2008||Last Updated: 05/08/2012|
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The five-story theater located at 940 South Figueroa Street, features a 1,000-seat theater, as well as a restaurant/ nightclub, a smaller theater, and ample office space. The property is also registered as a historical landmark, it has been called one of the most architecturally noteworthy structures in Downtown Los Angeles.
At 1,000 seats, the size of the Variety Arts Center makes it unique in the Downtown area and creates a potential entertainment venue triad in the Entertainment District with Staples presenting marquee events, the Nokia Theater hosting mid-size entertainment acts and events, and the Variety Arts Center poised to offer smaller acts in a more intimate setting.
Located within 50 yards of AEG's new L.A. Live Project, a 450,000 square foot entertainment zone, dubbed Times Square of the West. The project is also located just one block north of the LA Convention Center and Staples Center Sports Arena, which host approximately 240 events per year. The property is located adjacent to the major intersection of Figueroa & Olympic. Additionally, the proerty is flanked by over 1,400 high-end lofts/condominiums within a two block radius.
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