• 431 S Broadway is a 3-story commercial building situated in the heart of the Downtown Los Angeles Historic Core and Theater District. The 36,628 SF building is ideal for an investor or owner/user.
• 6,000 SF is currently rented at $13,500 per month with two 5-year options at full market value. • The property needs full renovation from soup to nuts. A savvy buyer/investor can create new floors and design the interior to meet modern day standards. • Many small companies are looking to occupy their own office space and this property is ideal for such a use. • The site is situated just 1-1/2 blocks from the brand new Citizen M Hotel (at the corner of 4th Street and Spring Street), and the famous Grand Central Market is one block to the north. • Additionally, the Judson, a newer 60-unit apartment building, is directly across Broadway, as are The Broadway Lofts, with newer studio to 2-bedroom apartments in a 1907 Renaissance Revival style building. Perla, a 35-story condominium complex, is also across from the subject at the corner of 4th Street and Broadway. • From Grand Central Market to the Ace Hotel, 431 S Broadway’s central setting provides a buyer an all-access pass to eclectic Downtown living. With the property close to public transportation, all of Los Angeles is within easy reach for commuting.