700 1St StLos Angeles, CA 90012

Property Details for 700 1St St

Year built

1909

Construction

TILT-UP CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

17,395 SF

Zone code

LACM

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5163-003-001

APU

5163003001

Description

This exceptional 17,395-square-foot retail property, located at 700 E. 1st Street in the vibrant Arts District of Los Angeles, presents a unique investment opportunity. Situated on a 0.24-acre lot (APN 5163-003-001), this single-tenant building boasts a prime corner location and is zoned CM by the City of Los Angeles. Built in 1909, the property is classified as Class C and offers significant potential for a variety of uses, particularly restaurants or cafes, given its ideal location and existing infrastructure. The building's substantial size provides ample space for a large-scale operation or the possibility of subdividing for multiple tenants. Its address in the dynamic Arts District ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a prominent presence in a thriving area of Los Angeles. The property's historical character combined with its modern zoning allows for creative adaptation and redevelopment, catering to the demands of today's market. This is a rare chance to acquire a substantial retail space in a highly sought-after location within the heart of Los Angeles' Arts District. The property's size and location make it an ideal investment for both established businesses and ambitious entrepreneurs. The 90012 zip code further underscores its desirability.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0484

Longitude

-118.236

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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