1330 S Santa Fe Ave
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1330 S Santa Fe Ave
19,350 SF 78% Leased Office Building Los Angeles, CA 90021 $7,495,000 ($387/SF)
INVESTMENT HIGHLIGHTS
- Attractive Price Per SF: $387/SF of Building
- 13 Designated Parking | Additional 17 Rentable Parking Spaces
- Unique Creative Flex Space | Owner/User Opportunity with Passive Income
- Full structural upgrade in 2018 renovation | New Plumbing, Electrical, and HVAC
- Irreplaceable Location | Downtown LA Arts District
- SBA Financing with as Little as 10% Down
EXECUTIVE SUMMARY
Alex Reyhan and Daniel Hirth of The Hirth Group have been exclusively selected to market for sale the property located at 1330 S. Santa Fe Avenue. This one-of-a-kind, three-story creative office space presents an unparalleled investment or owner-user opportunity in the vibrant and highly sought after Los Angeles Arts District. The subject property is located right off the 10 Freeway, on the Southeast corner of Hunter Street, parcels away from E. 8th Street.
Comprising eight distinctive suites, the property spans approximately 19,350 square feet of prime retail and creative office space. 1330 S. Santa Fe Avenue offers an ample amount of parking parallel to the property with an additional 17 spaces assigned to the asset under the 10 Freeway.
For investors or owner-users alike, this versatile property offers numerous strategic opportunities. Currently, the most desirable unit on the corner ground floor totaling ±2,200 Sf has been kept vacant for the sale. Several tenant leases are approaching expiration, providing further flexibility for occupancy or income generation.
An owner-user can choose to vacate units and occupy up to 53% of the building—qualifying for SBA financing with as little as 10% down—or occupy the vacant unit, obtaining a conventional loan of 20% down, while collecting and benefiting from passive rental income to offset mortgage and operational expenses, reducing their monthly cost basis immediately. With the potential to reduce ownership costs to as low as $3.32/SF or $7,307 per month, this offering combines creative flexibility with exceptional financial advantages. Comparable creative flex buildings are scarce in this highly desirable pocket of the Arts District, particularly at such an attractive price per SF.
*Buyer to verify all information.
Comprising eight distinctive suites, the property spans approximately 19,350 square feet of prime retail and creative office space. 1330 S. Santa Fe Avenue offers an ample amount of parking parallel to the property with an additional 17 spaces assigned to the asset under the 10 Freeway.
For investors or owner-users alike, this versatile property offers numerous strategic opportunities. Currently, the most desirable unit on the corner ground floor totaling ±2,200 Sf has been kept vacant for the sale. Several tenant leases are approaching expiration, providing further flexibility for occupancy or income generation.
An owner-user can choose to vacate units and occupy up to 53% of the building—qualifying for SBA financing with as little as 10% down—or occupy the vacant unit, obtaining a conventional loan of 20% down, while collecting and benefiting from passive rental income to offset mortgage and operational expenses, reducing their monthly cost basis immediately. With the potential to reduce ownership costs to as low as $3.32/SF or $7,307 per month, this offering combines creative flexibility with exceptional financial advantages. Comparable creative flex buildings are scarce in this highly desirable pocket of the Arts District, particularly at such an attractive price per SF.
*Buyer to verify all information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
19,350 SF
Building Class
B
Year Built/Renovated
1923/2018
Price
$7,495,000
Price Per SF
$387
Percent Leased
78%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,450 SF
Building FAR
2.76
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
LAM3 - Heavy Industrial
AMENITIES
- Kitchen
- Hardwood Floors
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 4,279 SF | Office | - | Now |
2nd Floor
| Size |
| 4,279 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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2nd Floor
| Size | 4,279 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
PROPERTY TAXES
| Parcel Number | 5168-031-005 | Improvements Assessment | $4,488,239 |
| Land Assessment | $2,161,873 | Total Assessment | $6,650,112 |
PROPERTY TAXES
Parcel Number
5168-031-005
Land Assessment
$2,161,873
Improvements Assessment
$4,488,239
Total Assessment
$6,650,112
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1330 S Santa Fe Ave
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