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    FOR LEASE
    Office buildings

    1933 S Broadway, Los Angeles, CA 90007

    845,043 SF 2.13 ac lot Built 1957
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-9595338
    Property summary
    AI-generated overview

    The Reef, located at 1933 S Broadway in Los Angeles, CA 90007, offers 800,000 square feet of prime creative office space. This multi-tenant building boasts a significant amount of immediately available space, with 134,000 contiguous square feet currently vacant. Units are divisible down to a minimum of 477 square feet, providing flexibility for businesses of all sizes. The property is ideally suited for creative industries, offering a modern and adaptable workspace. Ample parking is available with 1,100 spaces provided for tenants and visitors. The building is situated in Los Angeles County and offers easy access to major transportation routes, making it a convenient location for employees and clients alike. This exceptional opportunity allows businesses to secure a substantial footprint in a vibrant Los Angeles neighborhood. With a range of space options from smaller, efficient units to large, contiguous blocks, The Reef caters to diverse business needs. The building's location in Los Angeles, combined with its extensive amenities and flexible space options, makes it an attractive proposition for companies seeking a dynamic and productive work environment. Contact us today to learn more about leasing opportunities at The Reef.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1957
    Construction CONCRETE
    Total area 845,043 SF
    Lot 2.13 ac (92,818 SF)
    Zoning code LAM1
    APN 5126-031-012
    UPID US09-9595338
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • LA Mart Home Decor Store Department Store
    • The Reef Hotel & Motel Resort
    • Chudnovsky Law - Criminal & DUI Lawyers Law Firm
    • Ghobadi Law Group APC Law Firm
    • Barkley's Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $8.57M
    Owner & transaction history
    Phr La Mart De LLC · 2 yrs held
    Phr La Mart De LLC
    since 2023
    7 recorded transactions
    2023
    2022
    2017
    2017
    2012
    2012
    $53.0M
    1998
    $8.6M
    Zoning & alternative use
    LAM1 · Los Angeles, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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