617 W 7th Street_Property for Sale
617 W 7th Street_Property for Sale
617 W 7th St, Los Angeles, CA, 90017-3830, US

617 W 7th Street

Asset description

215,000 SF Adaptive Reuse Opportunity with In-Place Income

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Attributes

Building area net
20,018 sm
Occupancy
39%
Year built
1923
Number of floors
12 floors
Year renovated
2022

Media

Investment highlights

JLL, as the exclusive advisor, is pleased to present to qualified buyers the rare opportunity to acquire a 100% fee simple interest in 617 W 7th Street (referred to as “the Property”).


Built in 1923 and renovated in 2001 and 2022, the Property is comprised of twelve stories and spans a total of 230,114 gross square feet (215,469 RSF).617 W 7th Street presents a favorable opportunity with its advantageous location in downtown Los Angeles due to its close proximity to the busiest Metro stop in the downtown core, ensuring excellent connectivity and accessibility to the city. The Property is currently 39% leased. 617 W 7th’s eligibility for conversion to residential use under the city’s Adaptive Reuse Policy opens up new possibilities for maximizing occupancy and value. Situated on 7th Street, the Property is surrounded by a variety of popular restaurants and offers convenient dining options for potential residents and tenants alike. The Property is located in the Financial District and is adjacent to Downtown Los Angeles’s Historic Core. The area is renowned for its iconic, walkable neighborhood and ongoing redevelopment efforts. The Property is a desirable investment opportunity due to its redevelopment potential and it’s walkable and transit-oriented location.

617 W 7th Street 4_Property for Sale
617 W 7th Street 4_Property for Sale

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617 W 7th Street (0 Properties)

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Last updated
Apr 5, 2024