1015-1025 E 16th St
Los Angeles, CA 90021
L.A. Production Studios · Industrial Property For Sale

Downtown Los Angeles is currently undergoing a renaissance period and is experiencing its largest construction boom in modern times. This explosive growth is fueled by a combination of several factors including: foreign investment, relatively abundant lending sources, pent up demand for new properties following a time of low construction activity, historically low interest rates, and an improving economy. Despite all the cranes poking up into the skyline, Los Angeles County remains significantly undersupplied for housing and industrial space is in short supply as developers have taken old warehouses and converted them to alternative uses such parking garages, retail properties, or residential housing. Numerous new projects are coming on line near LA Production Studios. “The Reef” is just south of the 10 Freeway in downtown and is scheduled to be built as two high rise towers with over 1,000 apartments or condo units, an outdoor plaza, public gardens, farmers’ market, grocery store, pharmacy, restaurants, and more. This single project will add over 1 million square feet of commercial space on a 9.7 acres of land. City Market is another enormous development that is within proximity of LA Production Studios. This mega-project will extend from Ninth to Twelfth streets between San Pedro and San Julian Streets. There are plans for 945 new residential units (some of which will be inside a new 38 story tower), a 210-room Business Class Hotel, more than 200,000 square feet of ground floor retail space, creative office space, and a campus for a creative arts college including greenways.