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515 Shatto Pl
Los Angeles, CA 90020
Office Property For Sale
Investment Highlights
- Investment Grade Tenancy
- Favorable Market Dynamics
- Predictable Cash Flor
Executive Summary
JLL, as exclusive advisor, is pleased to offer to qualified investors an opportunity to acquire the 100% fee simple interest in 515 Shatto Place (the “Property”), a strategic ±18,100 square foot office building in the heart of Los Angeles’ Koreatown. The Property is 100% leased to LG Beauty and their subsidiary AVON, with 5.2 years of remaining lease term, offering investors $675,000 annual in secure, credit backed income.
515 Shatto Place is located in Los Angeles’ Koreatown, serving as a mission-critical facility for LG Beauty’s North American operations for the following reasons:
• Strategically houses the CEO’s office and core corporate divisions, including marketing, sales, and finance
• Geographical and demographic link to the Korean parent organization
• Experiential retail on ground floor catering to both third party and wholesale product buyers
This exceptional investment opportunity combines investment grade tenancy, operational significance, and strategic location with high quality cash flow backed by one of the world’s leading beauty conglomerates.
515 Shatto Place is located in Los Angeles’ Koreatown, serving as a mission-critical facility for LG Beauty’s North American operations for the following reasons:
• Strategically houses the CEO’s office and core corporate divisions, including marketing, sales, and finance
• Geographical and demographic link to the Korean parent organization
• Experiential retail on ground floor catering to both third party and wholesale product buyers
This exceptional investment opportunity combines investment grade tenancy, operational significance, and strategic location with high quality cash flow backed by one of the world’s leading beauty conglomerates.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
18,100 SF
Building Class
B
Year Built
1961
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,050 SF
Slab To Slab
10’
Building FAR
0.92
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
CR-2 - Commercial
Parking
38 Spaces (2.1 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 5077-003-010 | Improvements Assessment | $2,604,351 |
| Land Assessment | $3,314,631 | Total Assessment | $5,918,982 |
Property Taxes
Parcel Number
5077-003-010
Land Assessment
$3,314,631
Improvements Assessment
$2,604,351
Total Assessment
$5,918,982
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