Contacts

Frank Lahijani

Vee Sookiasian

Property Details

Property Type Other
Additional Rent Contact for pricing
Date Updated Dec 17, 2024

The site comprises of approximately 32,500 SF of commercial zoned land at the corner of 8th Street and Garland Ave. This prime location is adjacent to many of the major developments taking place in Downtown and Westlake, respectively. This prime location can be universally recognized as a dynamic redevelopment opportunity. Centrally located between the 10 and 110 freeways, this location is a gateway to the robust neighborhood it inhabits and the future of Downtown LA

Opportunity to Create a High-density multifamily, hotel, retail or office mixed-use with a Floor Area Ratio (FAR) of 9:1. With nearly 100 development projects, including roughly 20 high-rise residential towers. As a result, Downtown LA's population is expected to quadruple in the next 10 years. High-end hotels, award-winning restaurants, prominent retailers and important technology companies from around the world have all entered the market - all of whom will contribute to Downtown's reemergence as a world-class city center. No other US gateway city offers more growth potential and value appreciation than Downtown Los Angeles.

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Highlights

Property #1
Banquet Hall
Property #2
Commercial / Stores & Residential property
Owned with a different owner
It may have approximately $5k/month income
Property #3
Commercial / Parking Lot
About $3k/month income
Property #4
37 Unit Building with ground floor retail
$32,000 Gross Income
Completely remodeled in 2010 to City Codes
13 Units with full Bathrooms
24 Units with shared Bathrooms (2Bathrooms/2Showers per floor)
The market has 6 years remaining on the lease
The market can vacant early with 6 months notice of vacant and 50,000 Penalty

Getting around

93/100
Walk Score ®
100/100
Transit Score ®
67/100
Bike Score ®

Powered by Walk Score ®

City Los Angeles, CA
Neighborhood Westlake
Zip Code 90017
Market Los Angeles

Points of Interest

7th Street/Metro Center

0.49 miles
7th Street/Metro Center Station

0.56 miles
Westlake/MacArthur Park

0.70 miles
Pershing Square

0.95 miles
Olive Street

1.02 miles
Grand Avenue Arts/Bunker Hill

1.04 miles
Hill Street

1.06 miles
Grand/LATTC

1.13 miles
Historic Broadway

1.26 miles
Civic Center/Grand Park

1.26 miles

76

0.28 miles
Shell

0.60 miles
Chevron

1.10 miles
Arco

1.34 miles
Electric Vehicle Charging Station

2.27 miles
FLO

6.79 miles
Tesla Supercharger

8.05 miles
Parking electrique

8.08 miles
Culver City Supercharger

8.23 miles

West Garage

0.30 miles
FIGat7th

0.32 miles
East Garage

0.33 miles
The Metropolitan Apartments Parking Garage

0.49 miles
Bond Lot

0.58 miles
Employee Lot

0.58 miles
Metro Kiss and Ride

0.66 miles
Dillingham lot

0.71 miles
Westin Bonaventure Hotel Parking Garage

0.73 miles
444 South Flower Parking Garage

0.76 miles

The Mayfair Hotel

0.18 miles
City Center Motel

0.23 miles
Hotel Indigo

0.25 miles
Residence Inn

0.28 miles
Courtyard

0.29 miles
The Ritz-Carlton

0.29 miles
JW Marriott Los Angeles L.A. Live

0.30 miles
Figueroa Hotel

0.36 miles
Hotel Solaire

0.42 miles
Luxe Hotel

0.43 miles

L.A. Live

0.37 miles
Smart & Final

0.38 miles
Target

0.39 miles
FIGat7th

0.40 miles
Grocery Outlet

0.46 miles
Ralphs

0.50 miles
Macy's

0.54 miles
The Bloc

0.54 miles
Food 4 Less

0.56 miles
Whole Foods Market

0.65 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.