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Downtown Los Angeles Retail Space
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691 Mill St, Los Angeles, CA 90021

Retail space in the Arts District of Downtown Los Angeles.

Space Size5,968 SF
Days on Market868

Property Features for 691 Mill St

General Information

Standard status Active
Size 5,968 SF
Property subtype Retail, Office, Restaurant

Building Details

Building Size 5,968 SF
Year Built 2019
Tenancy Multiple

Spaces For Lease

at 691 Mill St Contact us

Available space

Size
5,968 SF
Type
Office, Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Brandon Cohan Real Estate
Listed By: Brandon Cohan · License #CA #01903949
Source: Crexi
Added: Apr 8, 2024 Changed: Aug 18 Last Checked: Aug 22 at 6:42PM

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 Brandon Cohan Real Estate

Investment Insights

Based on property information with market context.

Located at 691 Mill St in the Arts District of Downtown Los Angeles, The Walnut Building offers a retail space with an open layout suitable for various tenants. The building features 24/7 security and an attached parking lot. The space is adaptable for uses such as a restaurant, a creative office space, or a retail store. The building has almost full occupancy of the units above.

Key Highlights

  • Prime location in the Arts District of Downtown Los Angeles.
  • Open layout suitable for various retail, restaurant, or office uses.
  • 24/7 security.

Property Analytics

Current Use

The Walnut Building Apartment Complex Urconduit Advertising Agency Mili Ghosh Studio (Bike/Boat/Book/etc) Store City Center Parking Parking Lot & Garage AG Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Nail Salon Veterinary Clinic Electrical 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

4,043
Businesses Nearby

Demographics for 90021, CA

5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
Median Home Value

Market

Lease Benchmarks for Los Angeles, CA

$34.76 /SF/Yr
Avg Asking Price
$5.45–$95.4 /SF/Yr
Price Range
7,673 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 - Retail space in the Arts District of Downtown Los Angeles.
Where is this retail space located?
The property is located at 691 Mill St Los Angeles, CA.
What are key features of this property?
This property features: Prime location in the Arts District of Downtown Los Angeles.; Open layout suitable for various retail, restaurant, or office uses.; 24/7 security.
More about this property
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