PRICE: $7,495,000

 

Creative Office Opportunity​

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Alex Reyhan and Daniel Hirth of The Hirth Group have been exclusively selected to market for sale the property located at 1330 S Santa Fe Ave. This one-of-a-kind, three-story creative office space presents an unparalleled investment or owner-user opportunity in the vibrant and highly sought after Los Angeles Arts District. The subject property is located right off the 10 Freeway, on the Southeast corner of Hunter St, parcels away from E 8th St. 

 

Comprising eight distinctive suites, the property spans approximately 19,350 square feet of prime retail and creative office space. 1330 S Santa Fe Avenue offers an ample amount of parking parallel to the property with an additional 17 spaces assigned to the asset under the 10 Freeway.

 

For investors or owner-users alike, this versatile property offers numerous strategic opportunities. Currently, there is one 2,200 SF vacancy, while the owner occupies another unit, with flexibility for a leaseback arrangement or vacating upon the close of escrow. Several tenant leases are approaching expiration, providing further flexibility for occupancy or income generation.

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An owner-user can choose to vacate units and occupy up to 53% of the building—qualifying for SBA financing with as little as 10% down—or occupy the vacant unit, obtaining a conventional loan of 20% down, while collecting and benefitting from passive rental income to offset mortgage and operational expenses, reducing their monthly cost basis immediately. With the potential to reduce ownership costs to as low as $2.83/SF or $6,232 per month, this offering combines creative flexibility with exceptional financial advantages.

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Comparable creative flex buildings are scarce in this highly desirable pocket of the Arts District, particularly at such an attractive price per SF.