1310 Wilshire Blvd
Los Angeles, CA 90017
Office Property For Sale

1306-10 Wilshire Boulevard provides an excellent owner-user purchase opportunity for any business or organization that requires a Downtown Los Angeles presence in a free-standing building. The property is located in the quickly-gentrifying area of Central City West, within walking distance to the Central Business District of Downtown Los Angeles. The immediate area around the property features over a dozen new national retail tenants, hundreds of new apartments and condominiums, additional residential developments in planning or under construction, and a new 197,000 square foot medical pavilion at Good Samaritan Hospital directly across Wilshire Boulevard. Over the past several years, many of the smaller office buildings along the Wilshire Corridor and other major arteries have been redeveloped into larger residential developments, creating more demand for property on the Boulevard, but also a scarcity for smaller user buildings. Because the cost to replace these buildings doesn’t justify the market value, this redevelopment trend is expected to continue, creating long-term value for buyers of this property type. 1306-10 Wilshire Boulevard is being offered for sale at approximately 20% below replacement cost. The building itself is currently occupied by the seller, who is relocating to a larger nearby facility in July. Due to the various entry points to the building, it can be divided for as many as three tenants of approximately 2,000 sf each. There are eight single secured parking spaces behind the building, with the ability to float three additional cars in the lot with an attendant. The building exterior features many windows on all sides of the building, which provide a tremendous amount of natural light to the interior work spaces. The interior is finished with multiple offices, meeting rooms, restrooms, kitchen and open work areas; suitable for a wide variety of office uses.