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Corner Retail and Office Building
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701-721 E 3rd St, Los Angeles, CA 90013

Neptune Building offers for-rent retail and office space on a Downtown corner near Little Tokyo and the LA River.

Space Size1,899 SF - 6,593 SF
Days on Market61

Property Features for 701-721 E 3rd St

General Information

Standard status Active
Size 1,899 SF - 6,593 SF
Property subtype Retail, Office

Building Details

Year Built 1924

Spaces For Lease

at 701-721 E 3rd St Contact us

Ground Ste 120

Size
1,899 SF
Type
Retail, Office
Rental Rate $35.40 /SF/YRnBright and airy space in the heart of the Arts District...
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Ground Ste 100

Size
6,593 SF
Type
Retail, Office
Rental Rate $23.40 /SF/YR
Contact us

Ground Ste 110

Size
3,571 SF
Type
Retail, Office
Rental Rate $33.00 /SF/YRnBeautiful bright corner space of +/- 3571 SF with the opportunity...
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Listing Agency: Total Commerical Real Estate Inc
Listed By: Santiago Sciupac · License #01234248
Source: Crexi
Added: Jun 6 Changed: Jul 10 Last Checked: Aug 5 at 1:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Total Commerical Real Estate Inc

Investment Insights

Based on property information with market context.

Neptune Building is a corner property offering for-rent retail and office space. The asset is identified as 701–721 E 3rd St in Los Angeles and sits at the corner of 3rd and Alameda Street, providing a prominent urban setting for business activity.

The building is positioned in the Downtown Arts District, with the area described as walkable to Little Tokyo and located west of the LA River. The public remarks also reference a nearby concentration of dining, galleries, and retail destinations, including Hauser and Wirth, Wurstkuche, Umami Burger, Arts District Brewery, Pie Hole, Salt & Straw, Cafe Gratitude, Le Labo, 3.1 Phillip Lim, and Shinola.

This property can be a strong fit for tenants seeking a Downtown arts-and-dining environment where retail-facing concepts and office users may benefit from an active surrounding mix. As listed, the space is available for rent in the Neptune Building, with the most direct advantage being its corner location and adjacency to a recognized cluster of restaurants, galleries, and retailers within the Arts District.

Key Highlights

  • Neptune Building offers for‑rent retail and office space
  • Located on the corner of 3rd St and Alameda St in Downtown Los Angeles
  • Year built: 1924

Property Analytics

Current Use

Kc barbershop Barber Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Adult Day Care Restaurant Veterinary Clinic Pet Grooming Service

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

5,867
Businesses Nearby

Demographics for 90013, CA

15,589
Population
10,143
Households
1.5
Avg Household Size
43
Median Age
39%
College-Educated
85%
High-School Grad
0.7 sq mi
ZIP Area
22,270
Density / Sq Mi
$32,848
Median Household Income
$54,250
Median Earnings
$1,161
Median Rent
$786,600
Median Home Value

Market

Lease Benchmarks for Los Angeles, CA

$29.74 /SF/Yr
Avg Asking Price
$5.45–$67.98 /SF/Yr
Price Range
7,680 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Neptune Building offers for-rent retail and office space on a Downtown corner near Little Tokyo and the LA River.
Where is this retail space located?
The property is located at 701-721 E 3rd St Los Angeles, CA.
What are key features of this property?
This property features: Neptune Building offers for‑rent retail and office space; Located on the corner of 3rd St and Alameda St in Downtown Los Angeles; Year built: 1924
More about this property
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