Listing Agency: CBRE - Downtown Los Angeles d***@cbre.com Show Phone

Listed By: Derrick Moore · License #1029938 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 13 Last Checked: Aug 29 at 6:45AM

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Investment Insights

Based on property information with market context.

This property offers over 12,000 square feet of ground floor retail and restaurant space. It is situated between the Financial District and the Historic Core neighborhoods, directly across from Pershing Square. The location is part of a complex that includes 660 luxury rental units in a 24-story high-rise and a 7-story midrise building. La Boulangerie is also located within the complex.

Key Highlights

• Luxury rental units
• Located in a 24‑story high‑rise and a 7‑story midrise complex
• Over 12,000 SF of ground floor retail/restaurant space

Property Analytics

Property Profile

Current Use

BRADIENT Marketing & Advertising Maggie's Place Hotel & Motel Provestics Financial Advisor Park Fifth Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Adult Day Care Tanning Salon Clothing & Fashion Store Pet Grooming Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

18,180

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Los Angeles, CA

$35.07 /SF/Yr

Avg Asking Price

$5.45–$95.4 /SF/Yr

Price Range

7,780 SF

Avg Space Size

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Ground floor retail/restaurant space near Pershing Square.

Where is this retail space located?

The property is located at 427 W 5th Street Los Angeles, CA.

What are key features of this property?

This property features: Luxury rental units; Located in a 24‑story high‑rise and a 7‑story midrise complex; Over 12,000 SF of ground floor retail/restaurant space