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Turnkey 4-Story Commercial Building 731 S Broadway 23,061 SF 78% Leased Office Building Los Angeles, CA 90014 $4,888,000 ($211.96/SF)
Investment Highlights
- DTLA Historic Core Owner-User or Investor Opportunity
- Ground Floor Retail + Upper Floor Creative Offices
- Current Actual $34,554 Gross Monthly Income
- 4-Story Building With Basement & Mezzanine Level
- Fully Occupied Except for Half of 3rd Floor (2,805 SF)
- Heavy Traffic Location Next Door to Ross Dress For Less
Executive Summary
Exceptional investment or owner-user opportunity in the heart of Downtown Los Angeles' Historic Core, ideally located between 7th and 8th Streets and immediately adjacent to Ross Dress for Less. 23,061 SF 4-story building with basement, mezzanine, and rooftop patio. Ground floor retail + upper floor office space. The property is surrounded by a vibrant mix of retail, hospitality, and residential development, with popular destinations including Level Hotel, Clifton's Republic, Shake Shack, Urban Outfitters, Whole Foods Market, Bottega Louie, and Pershing Square all within walking distance. Thousands of nearby residential units provide a built-in customer and workforce base. The building has undergone more than $2.5 million in capital improvements, including upgraded electrical and plumbing systems, separate HVAC units for each floor, private restrooms on every level, and private elevator access. Fully sprinklered throughout, the property currently generates approximately $34,554 in gross monthly income, with approximately 2,805 square feet of vacant space on the third floor presenting an immediate value-add leasing opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
23,061 SF
Building Class
B
Year Built
1913
Price
$4,888,000
Price Per SF
$211.96
Percent Leased
78%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,612 SF
Building FAR
4.41
Lot Size
0.12 AC
Zoning
LAC5 - Commercial C2 Uses, Limited Floor Area for Manufacturing of CM Zone Type, R4 Uses
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Roof Terrace
- Outdoor Seating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Entire 3rd floor, comprised of two units, can be leased together or individually. Currently occupied by month to month tenants
3 private offices plus 1 large room, 2 private bathrooms
| Space | Size | Space Use | Build-Out | Available |
| 3rd Fl-Ste 301-302 | 1,700-3,400 SF | Office | Spec Suite | Now |
| 4th Fl-Ste 402 | 1,700 SF | Office | Full Build-Out | Now |
3rd Fl-Ste 301-302
| Size |
| 1,700-3,400 SF |
| Space Use |
| Office |
| Build-Out |
| Spec Suite |
| Available |
| Now |
4th Fl-Ste 402
| Size |
| 1,700 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 301-302
| Size | 1,700-3,400 SF |
| Space Use | Office |
| Build-Out | Spec Suite |
| Available | Now |
Entire 3rd floor, comprised of two units, can be leased together or individually. Currently occupied by month to month tenants
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Fl-Ste 402
| Size | 1,700 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
3 private offices plus 1 large room, 2 private bathrooms
Exceptionally walkable
100/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5144-014-032 | Improvements Assessment | $1,225,859 |
| Land Assessment | $1,777,497 | Total Assessment | $3,003,356 |
Property Taxes
Parcel Number
5144-014-032
Land Assessment
$1,777,497
Improvements Assessment
$1,225,859
Total Assessment
$3,003,356
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
