For Lease
$24/SF/YR

700 1St St Los Angeles, CA 90012

17,395 SF Restaurant/Retail Opportunity

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 17,395-square-foot retail property, located at 700 E. 1st Street in the vibrant Arts District of Los Angeles, presents a unique investment opportunity. Situated on a 0.24-acre lot (APN 5163-003-001), this single-tenant building boasts a prime corner location and is zoned CM by the City of Los Angeles. Built in 1909, the property is classified as Class C and offers significant potential for a variety of uses, particularly restaurants or cafes, given its ideal location and existing infrastructure. The building's substantial size provides ample space for a large-scale operation or the possibility of subdividing for multiple tenants. Its address in the dynamic Arts District ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a prominent presence in a thriving area of Los Angeles. The property's historical character combined with its modern zoning allows for creative adaptation and redevelopment, catering to the demands of today's market. This is a rare chance to acquire a substantial retail space in a highly sought-after location within the heart of Los Angeles' Arts District. The property's size and location make it an ideal investment for both established businesses and ambitious entrepreneurs. The 90012 zip code further underscores its desirability.

Highlights

  • Prime location in the Arts District, near Little Tokyo.
  • Steps from the Little Tokyo/Arts District Metro Station.
  • High-density area with surrounding luxury apartments.
  • High-visibility corner lot at 1st and Hewitt Streets.
  • 800 SF of basement storage complements 1st floor retail space.
  • Versatile zoning allows for diverse commercial uses.

Property Details for 700 1St St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
17,395 SF
Class
C
Year Built
1909

Unit(s) available at that property

Space
Size
3,800 SF
Rate per SF
$24

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.048656632524
Longitude
-118.23594353037

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FAQs

What type of property is this?
Retail property - 17,395 SF Restaurant/Retail Opportunity
Where is the retail property located?
The property is located at 700 1St St Los Angeles, CA.
What is the lease rate?
The lease rate is $24/SF/YR.
What are key features of this property?
This property features: Prime location in the Arts District, near Little Tokyo.; Steps from the Little Tokyo/Arts District Metro Station.; High-density area with surrounding luxury apartments.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Property Records

Contacts

Gregory Kho
Gregory Kho

Learn more

Useful Information

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1St St
Los Angeles, CA 90012

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1St St
Los Angeles, CA 90012

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

700 1St St
  • Gregory Kho
    Gregory Kho
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