Opportunity Zone redevelopment property in Little Tokyo area located at the corner of S Los Angeles and 3rd Street. This is a truly rare opportunity for a buyer to own in one of the most diverse and growing neighborhoods of Downtown Los Angeles. Walking distance to world renowned museums, restaurants/bars and new residential developments, it is undeniably the place to be. The demolished 3-story with basement building at 262 S. Los Angeles Street had over 30,000 square feet of mixed use retail, office and warehouse space. The property sits on two parcels of land (APN 5161-025-004 and 5161-025-001) for building and easement. The building was heavily damaged due to fires and undergoing clean-up and demolition. At the time of the fire in 2021 and for over a decade, because of the heavily traveled traffic location, the building has always had over 90% occupancy. With its unparalleled access to Downtown Los Angeles, the location has additional benefits from traffic in nearby offices, residential, retail and other usages including multitude of cultural icons including the Walt Disney Concert Hall, Dorothy Chandler Pavilion, Ahmanson Theater, LA Live, Nokia Theater, Staples Center and many more. For additional information, please contact listing agent directly. Buyer and agent/broker to verify the accuracy of all property details such as lot size, square footage, zoning, permits, use code, taxes and/or other information. Neither seller nor their agent/broker makes any warranties or guarantees regarding this information.
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