2216-2220 S Union Ave
Los Angeles, CA 90007
Retail Property For Sale

Auction:6/19 - 6/21: Multi-Tenant Retail near USC The property tour will take place Thursday, June 15th 11am-1:00pm local time. Investment Highlights: * Located on signalized Intersection of Union and 23rd * Currently 45% occupied with month to month tenants * Great owner / upgrade value-add opportunity * Area in midst of massive development * USC adjacent * Located in State Enterprise Zone * Heart of 2024 Olympics Downtown Cluster Investment Overview: 2216-2220 S. Union Avenue is a freestanding building on a corner in University Park, one of the neighborhoods surrounded with the largest amount of ongoing and future development in Downtown LA and USC since the 1920's. The building has 13.5 sf high ceilings, 10 parking spaces, and currently two month to month commercial tenants occupy approximately 45% of the property. Ideal buyer is an owner/user or innovative small retail developer that wants street presence in a very popular part of town. The property has a walk score of 85 out of 100 and a bike core of 86 out of 100 and is therefore extremely walking friendly. The amenities nearby include multiple coffee shops, bakeries, restaurants, soft goods and services. Given its proximity to USC main campus, the area contains many residents that are walking or biking to their desired locations and hence abounds with foot traffic. In addition, it's a sixteen minute walk from the Metro Expo Line (806) at the LATTC / Ortho Institute Station. It's also a few hundred yards from the 10 Freeway onramp and very close to the 110 Freeway. The property location in a State Enterprise Zone which may make it subject to possible incentives such as reduced parking requirements for certain businesses and increased FAR and building height for development (Check with Community Development Department). University Park is one of Los Angeles's most diverse and historic neighborhoods. Beginning with the founding of the University of Southern California in 1880, the area has hosted two Olympic Games and numerous presidents and been featured as a backdrop for dozens of movies, along with countless other events of cultural and historical significance. Few areas in Southern California boast such a wide variety of historic buildings--residential, educational and commercial--dating to LA's earliest days.