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December 18, 2018
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LOS ANGELES COUNTY NEWS
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Vacant Property in Downtown L.A.’s Historic Core Trades

2/16/18

A vacant 15.5k sf, three-story, retail/industrial building in Downtown LA’s historic core was purchased by JVS Real Estate Investment LLC for $3.75 mil. The property, located at 437-441 South Los Angeles St, includes a basement and mezzanine, and occupies a 4.4k sf lot.

Built in 1901, the property is surrounded by wholesale stores and new housing. It offers 60 feet of frontage on Los Angeles Street and four parking spaces with alley access.

Chris Runyen of Charles Dunn Company represented the seller, 441 Los Angeles Street, LLC. The buyer was repped by interPres Realty.

“Despite the increased investment activity for residential and retail development along the Broadway, Spring, Main and Los Angeles Street corridors, this property proved to be more desirable for office and industrial users seeking a presence in or near the wholesalers in the area,” said Runyen. “The buyer intends on immediately renovating the asset and will use it for its retail/wholesale business, which works closely with the wholesale neighbors.”





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