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Variety Arts Theater 940 S Figueroa St 4,371 - 54,023 SF of Office/Retail Space Available in Los Angeles, CA 90015
Highlights
- A live theater on the ground-floor (that also has a basement bar and mezzanine level) with a total capacity of 1,656 patrons
- ±54,023 SF available within a 72,426 SF historic landmark building.
- Flexible terms (5–20 years) and negotiable rates accommodating diverse tenant needs.
- The 2nd floor is a potential restaurant/bar or VIP lounge with a capacity of 296 patrons
- Prime location near Crypto.com Arena and L.A. LIVE, within Downtown’s highest-traffic corridor.
- Exceptional walkability and transit access with multiple Metro stations nearby.
All Available Spaces(5)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
- Mostly Open Floor Plan Layout
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
- Fits 64 - 205 People
- Partially Built-Out as Standard Office
- Fits 11 - 33 People
- Mostly Open Floor Plan Layout
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
- Mostly Open Floor Plan Layout
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
- Fits 15 - 47 People
- Mostly Open Floor Plan Layout
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
- Fits 28 - 87 People
- Partially Built-Out as Standard Office
- Fits 11 - 35 People
- Mostly Open Floor Plan Layout
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 25,599 SF | 5-20 Years | Upon Request Upon Request Upon Request Upon Request | Office/Retail | Partial Build-Out | 90 Days |
| 2nd Floor | 4,371 SF | 5-20 Years | Upon Request Upon Request Upon Request Upon Request | Office/Retail | Partial Build-Out | 90 Days |
| 3rd Floor | 5,794 SF | 5-20 Years | Upon Request Upon Request Upon Request Upon Request | Office/Retail | Partial Build-Out | 90 Days |
| 4th Floor | 12,944 SF | 5-20 Years | Upon Request Upon Request Upon Request Upon Request | Office/Retail | Partial Build-Out | 90 Days |
| 5th Floor | 5,315 SF | 5-20 Years | Upon Request Upon Request Upon Request Upon Request | Office/Retail | Partial Build-Out | 90 Days |
1st Floor
| Size |
| 25,599 SF |
| Term |
| 5-20 Years |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| 90 Days |
2nd Floor
| Size |
| 4,371 SF |
| Term |
| 5-20 Years |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| 90 Days |
3rd Floor
| Size |
| 5,794 SF |
| Term |
| 5-20 Years |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| 90 Days |
4th Floor
| Size |
| 12,944 SF |
| Term |
| 5-20 Years |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| 90 Days |
5th Floor
| Size |
| 5,315 SF |
| Term |
| 5-20 Years |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| 90 Days |
1st Floor
| Size | 25,599 SF |
| Term | 5-20 Years |
| Rental Rate | Upon Request |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | 90 Days |
- Mostly Open Floor Plan Layout
- Fits 64 - 205 People
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
2nd Floor
| Size | 4,371 SF |
| Term | 5-20 Years |
| Rental Rate | Upon Request |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | 90 Days |
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 11 - 33 People
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
3rd Floor
| Size | 5,794 SF |
| Term | 5-20 Years |
| Rental Rate | Upon Request |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | 90 Days |
- Mostly Open Floor Plan Layout
- Fits 15 - 47 People
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
4th Floor
| Size | 12,944 SF |
| Term | 5-20 Years |
| Rental Rate | Upon Request |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | 90 Days |
- Mostly Open Floor Plan Layout
- Fits 28 - 87 People
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
5th Floor
| Size | 5,315 SF |
| Term | 5-20 Years |
| Rental Rate | Upon Request |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | 90 Days |
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 11 - 35 People
- Can be combined with additional space(s) for up to 54,023 SF of adjacent space
About the Property
Positioned in the dynamic South Park neighborhood of Downtown Los Angeles, 940 S Figueroa Street offers a one-of-a-kind leasing opportunity within the iconic Variety Arts Theater building. Spanning approximately 72,426 SF, this historically significant property combines vintage architecture with flexible build-out opportunities suited for office, retail, entertainment, or experiential uses. Currently offering up to ±54,023 SF across five floors, the property features unique configurations including a ground-floor historic live theater (capacity ±1,656 patrons), a mezzanine-level bar and lounge, and upper floors adaptable for creative workspaces, boutique retail, or hospitality concepts. Capabilities include partial build-out options and infrastructure to accommodate restaurant or venue operations. Located steps from Crypto.com Arena, L.A. LIVE, and the Los Angeles Convention Center, this address ensures unparalleled visibility and foot traffic. Tenants benefit from a Walk Score of 95, Transit Score of 100, and Bike Score of 86, reinforcing ease of accessibility for employees, clients, and guests. This property is ideal for innovative occupiers seeking an iconic downtown presence within a trend-driven cultural and entertainment hub.
Property Facts
| Total Space Available | 54,023 SF | Building Size | 72,426 SF |
| Property Type | Specialty | Year Built | 1923 |
| Total Space Available | 54,023 SF |
| Property Type | Specialty |
| Building Size | 72,426 SF |
| Year Built | 1923 |
Presented by
Variety Arts Theater | 940 S Figueroa St
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