940 S Figueroa St Los Angeles, CA 90015
Unique entertainment venue or creative office opportunity in Downtown Los Angeles.
Type:Special Purpose
- Added:
- Sep 6, 2023
- Days on Market:
- 960
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 940 S Figueroa St
General Information
- Standard status
- Active
- Property subtype
- Special Purpose
Listing agent Mike Condon License #CA #01884476
Listing office Cushman & Wakefield - Los Angeles (Downtown, Greater), California
Listing date Sep 6, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Los Angeles (Downtown, Greater), California
Overview
Historic Entertainment Venue Near L.A. Live
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.
Location Intelligence
Current Use by Public Records
ParkingPlus LLC
Parking Lot & Garage
940 S Figueroa ...
Parking Lot & Garage
Variety Arts Building
Theater & Performing Art Venue
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26335
- Latitude
- 34.04538
Nearby Similar for Sale
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.
