940 S Figueroa St Los Angeles, CA 90015

Listing agency Cushman & Wakefield Los Angeles

Listed by Mike Condon · License #CA #01884476

Source Crexi

Added: Sep 6, 2023 Updated: Jul 10 at 3:42PM Checked: Jul 22 at 10:21AM

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Investment Insights

Based on property information with market context.

The Variety Arts Building is a historic multi-purpose entertainment venue located adjacent to the Sports and Entertainment District and L.A. Live at 940 S. Figueroa Street in Downtown Los Angeles. This property offers a unique investment or owner-user opportunity to acquire a historical building embodying character and class. Its location across the street from L.A. Live and Staples Center ensures its long-term value as a venue for various entertainment-related uses, including live entertainment, hospitality, and retail. The building's aesthetic and functionality would also adapt well as a multi-tenant or single-tenant creative-office building. The current ownership has recently invested capital to completely replace the electrical, HVAC, and mechanical elements of the building while retaining and restoring its overall historic charm. The adjacent parking lot might also provide a development opportunity that could enhance or complement the main building. The property is being offered for sale.

Key Highlights

• Prime location directly across from L.A. Live and Staples Center in Downtown Los Angeles.
• Historic multi‑purpose entertainment venue with unique character and architectural design.
• Recently renovated with complete replacement of electrical, HVAC, and mechanical systems while preserving historic charm.

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FAQs

What type of property is this?

Theater & concert hall - Unique entertainment venue or creative office opportunity in Downtown Los Angeles.

Where is this theater & concert hall located?

The property is located at 940 S Figueroa St Los Angeles, CA.

What are key features of this property?

This property features: Prime location directly across from L.A. Live and Staples Center in Downtown Los Angeles.; Historic multi‑purpose entertainment venue with unique character and architectural design.; Recently renovated with complete replacement of electrical, HVAC, and mechanical systems while preserving historic charm.