646 Spring StLos Angeles, CA 90012

This exceptional two-story creative office building, located at 646-654 N Spring St in Los Angeles' Chinatown, presents a compelling investment opportunity. Boasting 19,625 square feet on a 13,772 square foot lot, the property features a recent renovation showcasing historic brick timber construction, impressive 13-foot high ceilings, and custom steel-framed doors and windows. Currently 64% occupied by two tenants, the building offers a strong NOI of $552,637, with a pro-forma NOI of $786,523, resulting in a pro-forma cap rate of 8.84%. The asking price is $8,900,000, translating to $453.50 per square foot. The property is zoned C2 and benefits from its central location, offering easy access to major freeways (101 & 110), Union Station, the Metro Gold Line, and vibrant neighborhoods like the Arts District, Silver Lake, and Little Tokyo. Its walkability score is near-perfect (94/100), placing it within walking distance of a diverse culinary scene and cultural attractions. This is a rare chance to acquire a well-located, renovated creative office building with significant upside potential.