443 S San Pedro
Los Angeles, CA 90013, USA Los Angeles, CA
$20,050,000
Located within the historic Downtown Los Angeles Toy District, 5th and San Pedro is ideally situated with an area that attracts artists, business owners, creative types, and entrepreneurs from around the world. With 162 feet of frontage on San Pedro Street and 175 feet of frontage on Winston Street, 5th and San Pedro is within walking distance of the Metro Gold Line and many diverse shops, artist studios, restaurants/bars and novelty stores. The location also provides quick access to such cultural meccas as the Walt Disney Concert Hall, Mark Taper Forum, Ahmanson theatre, Dorothy Chandler Pavilion, Nokia Theater, LA Live, The Grammy Museum, and Staples Center.
Built in 1923 and retaining its original brick character and many original industrial finishes, 5th and San Pedro is currently operating as a colorful mix of Work Lofts, Live-Work Lofts and Retail spaces. Per title, the property consist of a six-story 92,538 square foot structure situated on a 19,219 square foot lot with an additional adjacent parking lot that is approximately 4,045 square feet. Amenities and features within this concrete and steel structure include a flourishing rooftop deck with sweeping 360 degree views of Los Angeles, an industrial elevator and separate pedestrian elevator, tremendous ceiling heights including 16-foot ceilings with vast skylights on the top floor, 18 indoor parking spaces and 43 additional secured parking spaces within the adjacent parking lot.
5th and San Pedro is ideally poised to capture tremendous rent growth through renovation and rebranding. As a stabilized asset within the Downtown Adaptive Reuse Incentive Area, 5th and San Pedro offers an investor the unique opportunity to own a historic non-rent-control asset within an iconic community that continues to enjoy rapid growth.
