So basically I’ve been trying to get this listing for a year. It’s a long story, not one of the likes that would excite you, so I’ll leave it out. But with some very random very lucky chance, here it is! This building is a four story building built in 1907 on Olive Street between 6th Street and 7th Street in Downtown LA’s Jewelry District. Like many buildings of its time, this building is built out of raw wood and raw brick, and luckily for us that’s a style that’s really desirable in Downtown Los Angeles right now.
I don’t know exactly how big each floor is, but it is around 6000 square feet. The third floor is occupied by the owner’s company, a jewelry business. But at this moment, the second and fourth floor are completely empty! So the retail space on this building has had a sign that says “Office Space for Lease” on it forever, and it isn’t obvious that the retail space is available because it’s not an all glass store front. But there’s a “Retail Space for Lease” sign on it now, by the likes of yours truly.
Apparently the retail space was a restaurant space a long time ago, and when they vacated the completely gutted the space down to it’s bare bones, as you can see from the photos. So, yes, you’ll have to use your imagination with this space! I believe it would be great for a restaurant space for lease because one of such seems like a good addtion to the mix of the current tenants which are a cafe and a liquor store. Additionally, there is an Italian Restaurant space behind the building that is also part of this property, which is another unique thing about the building. The existing restaurant is basically hidden and to access it you need to walk past through the lobby to this discrete hallway!
As for the creative office space available upstairs, what makes it unique is the classy historic feel. I could see a progressive law firm occupying the space. Again, raw brick walls, exposed flat ceilings, and the units currently have old drabby carpeting that can be removed to expose the original raw wood floor, which can be sanded and refinished for the tenants.
The building does indeed have a passenger elevator and the stairwell to the upper floors has a beautiful glass enclosure that reveals the wooden stair case and raw brick wall from the interior. There’s space available ranging from 300sf to about 6000sf. It’s currently being listed at $2 per square foot with move in specials! For more info and touring information see the link-tabs above or just call the phone number on the headline of this page! This has been another blog report on Downtown LA commercial real estate, by broker Donegan McCuaig. Thanks for reading!