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Bankruptcy Sale | Bids Due August 16th 737 S Broadway 75,160 SF 100% Leased Office Building Los Angeles, CA 90014 $12,850,000 ($170.97/SF)
Investment Highlights
- Bankruptcy Sale | Contact Agent for Bid Details
- Extensively renovated asset with new plumbing, fire systems
- Affordable housing conversion opportunity
- Excellent location in the heart of Downtown Los Angeles
- Approximately 60 feet of frontage along Broadway
- Ideal for an owner-user opportunity to occupy a portion of or the entire property
Executive Summary
BANKRUPTCY SALE: BIDS DUE AUGUST 16TH
CONTACT AGENTS FOR BID DETAILS | MINIMUM BID $12,850,000
Kidder Mathews is pleased to present the exclusive listing of 737 S Broadway. The offering is comprised of an 8-story office property located in Downtown Los Angeles. The building has undergone extensive improvements and will be delivered turnkey to the new ownership. The building’s office floors have been reconfigured with open layouts, improving functionality and creating modern, friendly workspaces while still maintaining the building’s historic character. The structure totals 75,160 in gross square footage, including the basement floor (7,254 SF) and mezzanine space (831 SF) on the ground floor. This would be a tremendous catalyst and anchor in stabilizing the asset. The building sits on a 10,127 square foot lot with C5 zoning. The building falls within a Tier 3 TOC, Los Angeles State Enterprise Zone, and Downtown LA’s Adaptive Reuse Incentive Area. With the city’s redevelopment incentives, the property’s flexible layout, and turnkey delivery, the asset makes for an attractive conversion project for affordable housing.
CONTACT AGENTS FOR BID DETAILS | MINIMUM BID $12,850,000
Kidder Mathews is pleased to present the exclusive listing of 737 S Broadway. The offering is comprised of an 8-story office property located in Downtown Los Angeles. The building has undergone extensive improvements and will be delivered turnkey to the new ownership. The building’s office floors have been reconfigured with open layouts, improving functionality and creating modern, friendly workspaces while still maintaining the building’s historic character. The structure totals 75,160 in gross square footage, including the basement floor (7,254 SF) and mezzanine space (831 SF) on the ground floor. This would be a tremendous catalyst and anchor in stabilizing the asset. The building sits on a 10,127 square foot lot with C5 zoning. The building falls within a Tier 3 TOC, Los Angeles State Enterprise Zone, and Downtown LA’s Adaptive Reuse Incentive Area. With the city’s redevelopment incentives, the property’s flexible layout, and turnkey delivery, the asset makes for an attractive conversion project for affordable housing.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
75,160 SF
Building Class
C
Year Built/Renovated
1913/2020
Price
$12,850,000
Price Per SF
$170.97
Percent Leased
100%
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
8,351 SF
Building FAR
6.90
Lot Size
0.25 AC
Zoning
C5, Los Angeles - Commercial
Amenities
- 24 Hour Access
- Controlled Access
- Backup Power / Generators
1 1
Exceptionally walkable
100/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5144-014-030 | Improvements Assessment | $3,371,120 |
| Land Assessment | $2,329,135 | Total Assessment | $5,700,255 |
Property Taxes
Parcel Number
5144-014-030
Land Assessment
$2,329,135
Improvements Assessment
$3,371,120
Total Assessment
$5,700,255
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