551-553 S Broadway
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551-553 S Broadway
35,000 SF 100% Leased Retail Building Los Angeles, CA 90013 $8,999,999 ($257/SF)
Investment Highlights
- Location, Location, Location.
Executive Summary
Exceptional Investment Opportunity: Historic Metropolitan/Paramount Theatre Building IN DOWNTOWN LA!
Step into a piece of Los Angeles history with this iconic Metropolitan/Paramount Theatre, a grand structure built in 1923 and situated in the vibrant heart of downtown LA on Broadway. This remarkable six-story building, in addition to a full basement, stands as a testament to the architectural elegance and cultural significance of its era.
Key Features:
Historic Charm: Experience the timeless allure of a building that has graced Broadway for over a century. Its classic design elements offer a unique canvas for those looking to restore or reimagine a piece of LA’s storied past.
Prime Location: Situated in one of the most coveted areas of downtown Los Angeles, the property benefits from high visibility and easy access to the city’s bustling retail, entertainment, and cultural hubs. This central location ensures a steady flow of foot traffic and vibrant surroundings.
Versatile Space: The building’s expansive layout spans six floors in addition to a full basement, providing a multitude of redevelopment possibilities. Whether envisioned as upscale residential lofts, dynamic retail spaces, innovative office environments, or a blend of mixed-use options, the property’s flexible design is ideal for a variety of modern uses.
Vacant Possession: Upon closing, the building will be delivered vacant, offering a seamless transition for development and renovation plans. This presents a rare and exciting opportunity to customize the space to fit your vision without the need for tenant negotiations.
Investment Potential: As a historic gem in a rapidly evolving urban landscape, this property represents a compelling investment opportunity. The combination of its architectural heritage and prime location makes it a valuable asset for investors and developers looking to make a significant impact in downtown Los Angeles.
Don’t miss your chance to own a piece of LA’s history and transform it into a dynamic, contemporary space. Contact me today to explore this extraordinary opportunity and imagine the possibilities that await.
Youtube Video:
https://www.youtube.com/watch?v=f7qMbo9bfLw
Step into a piece of Los Angeles history with this iconic Metropolitan/Paramount Theatre, a grand structure built in 1923 and situated in the vibrant heart of downtown LA on Broadway. This remarkable six-story building, in addition to a full basement, stands as a testament to the architectural elegance and cultural significance of its era.
Key Features:
Historic Charm: Experience the timeless allure of a building that has graced Broadway for over a century. Its classic design elements offer a unique canvas for those looking to restore or reimagine a piece of LA’s storied past.
Prime Location: Situated in one of the most coveted areas of downtown Los Angeles, the property benefits from high visibility and easy access to the city’s bustling retail, entertainment, and cultural hubs. This central location ensures a steady flow of foot traffic and vibrant surroundings.
Versatile Space: The building’s expansive layout spans six floors in addition to a full basement, providing a multitude of redevelopment possibilities. Whether envisioned as upscale residential lofts, dynamic retail spaces, innovative office environments, or a blend of mixed-use options, the property’s flexible design is ideal for a variety of modern uses.
Vacant Possession: Upon closing, the building will be delivered vacant, offering a seamless transition for development and renovation plans. This presents a rare and exciting opportunity to customize the space to fit your vision without the need for tenant negotiations.
Investment Potential: As a historic gem in a rapidly evolving urban landscape, this property represents a compelling investment opportunity. The combination of its architectural heritage and prime location makes it a valuable asset for investors and developers looking to make a significant impact in downtown Los Angeles.
Don’t miss your chance to own a piece of LA’s history and transform it into a dynamic, contemporary space. Contact me today to explore this extraordinary opportunity and imagine the possibilities that await.
Youtube Video:
https://www.youtube.com/watch?v=f7qMbo9bfLw
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
35,000 SF
Building Class
C
Year Built/Renovated
1923/2018
Price
$8,999,999
Price Per SF
$257
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Building FAR
7.00
Land Acres
0.11 AC
Zoning
LAC5 - Los Angeles Commercial
Frontage
40 FT on Broadway St
Amenities
- Bus Line
- Metro/Subway
- Restaurant
- Storage Space
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5149-033-012 | Improvements Assessment | $307,387 |
| Land Assessment | $768,484 | Total Assessment | $1,075,871 |
PROPERTY TAXES
Parcel Number
5149-033-012
Land Assessment
$768,484
Improvements Assessment
$307,387
Total Assessment
$1,075,871
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Michael Gouel -
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