- For Sale $4,500,000
- Property Type Office
- Property Size 12,004 SF
- Lot Size 15,717 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 30
- Parking Ratio 2.50 / 1,000 SF
- Date Updated Dec 9, 2024
Welcome to 1301 W 2nd Street – your creative office island awaits!
This free standing, two-story creative office building is on its own lot, creating an
opportunity for the potential buyer to truly create their own secured compound with
no neighbors on any side of you. The building is located in the trendy HiFi district,
with Echo Park to the north and DTLA/Arts District to the south.
Included in the opportunity is the stunning installation by artist Artur Bordalo, also
known as Bordalo II (Instagram handle @b0rdalo_ii), internationally famous for his
passion for the environment blended with reused materials creating large scale
pieces.
The property is currently occupied by twenty-three (23) existing office tenants
bringing in a total monthly income of $19,700/mo. or $236,400/yr Gross.
Additional income is provided by a long-term cell-tower lease with Verizon,
totaling $2,813.77/mo. or $33,765.24/yr Gross. The longest-term office lease in the
property expires 12/2023 and all other offices leases in the property are month to
month. The total existing income on the property is $270,165.24/yr Gross.
The existing income can provide a potential investor cash flow while making
plans for the future of the property. Additionally, the short-term leases and
income provide an opportunity for a potential owner/user buyer to occupy at
least 51% of the property while concurrently receiving cash flow. *
*Contact Broker for Rent Roll
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
87/100 Very Walkable -
Transit Score ®
92/100 Rider's Paradise -
Bike Score ®
49/100 Somewhat Bikeable
- City Los Angeles, CA
- Neighborhood Echo Park
- Zip Code 90026
- Market Los Angeles
Points of Interest
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Grand Avenue Arts/Bunker Hill
0.58 miles
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Olive Street
0.79 miles
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Civic Center/Grand Park
0.80 miles
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7th Street/Metro Center
0.81 miles
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Civic Center/Grand Park Station
0.84 miles
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7th Street/Metro Center Station
0.84 miles
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Hill Street
0.84 miles
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Pershing Square
0.85 miles
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Historic Broadway
0.92 miles
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Westlake/MacArthur Park
1.07 miles
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Chevron
0.77 miles
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Shell
0.84 miles
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Arco
0.86 miles
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United Oil
1.03 miles
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76
1.20 miles
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Electric Vehicle Charging Station
3.25 miles
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FLO
7.44 miles
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Parking electrique
7.55 miles
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Tesla Supercharger
7.86 miles
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ChargePoint
8.89 miles
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Promenade Towers Parking Garage
0.35 miles
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Dillingham lot
0.38 miles
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LADWP Employee Parking Only
0.52 miles
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333 South Hope Parking Garage
0.59 miles
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City National Plaza Parking Garage
0.63 miles
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Westin Bonaventure Hotel Parking Garage
0.64 miles
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444 South Flower Parking Garage
0.65 miles
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Music Center Parking
0.66 miles
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Wells Fargo Center Parking Garage
0.69 miles
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Aramark
8.77 miles
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Knights Inn
0.44 miles
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Knights Inn Los Angeles
0.44 miles
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The L.A. Grand Hotel Downtown
0.45 miles
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Westin Bonaventure
0.60 miles
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Conrad Los Angeles Hotel
0.69 miles
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Central Lake Hotel
0.71 miles
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Omni Los Angeles Hotel
0.74 miles
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The Standard
0.76 miles
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City Center Motel
0.77 miles
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InterContinental Los Angeles Downtown
0.77 miles
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Planet
0.27 miles
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Los Amigos Taqueria y
0.30 miles
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Pupuseria Menchita
0.34 miles
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El Primo Taco Truck
0.36 miles
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Gra
0.41 miles
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The Park's Finest BBQ
0.45 miles
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HiFi Kitchen
0.45 miles
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Gus's Drive-In
0.52 miles
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Âu Lạc
0.53 miles
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Chipotle
0.54 miles
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Newmark Continuation High School
0.15 miles
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Miguel Contreras Learning Complex
0.16 miles
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Belmont Community Adult School
0.21 miles
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Edward R. Roybal Learning Center
0.25 miles
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Sal Castro Middle School
0.27 miles
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Belmont High School
0.32 miles
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Evelyn Thurman Gratts Elementary School
0.34 miles
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Betty Plasencia Elementary School
0.38 miles
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UCLA Extension Downtown Los Angeles
0.41 miles
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Evelyn T. Gratts Primary and Early Education Center
0.46 miles
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San Antonio de Padua Academy Preschool
2.27 miles
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HIC Daycare
2.89 miles
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Neighborhood Nursery School
2.98 miles
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Morning Star Education Center
3.11 miles
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Gates Early Education Center
3.15 miles
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Komitas
3.19 miles
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Ralph M. Parsons Preschool
3.84 miles
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Vine Street Early Education Center
4.41 miles
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Artemisia Nursery
4.90 miles
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Vernon Adult Day Program
5.20 miles
Frequently Asked Questions
The space currently listed for sale at 1301 W 2nd Street asks for $4,500,000.
1301 W 2nd Street totals 12,004 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Jones Lang LaSalle