Central LA Retail

422 Ord St Floor 1
Historic Cultural, Los Angeles, CA
3/12/17! $650 monthly rent reduction! $60,000 key money reduction! Key money now only $35,000! CORNER RESTAURANT SPACE gets incredible drive-by visibility on Hill Street! Previous owner retired, but business was good and they were very popular! People keep showing up to eat when I'm at the space! WAS A PHO RESTAURANT! 3 bathrooms! Tons of equipment included! Has existing hood, grease trap, and permits! Also has fryer, gas stove, large walk-in freezer, and much more. There's a large storage area. There is 10 parking spaces (5 tandem) Available. The building next to the garage also has plenty of parking in the lot behind it! CENTRAL HVAC! New tenant is welcome to remove dropped ceilings and expose the wood ceiling. TONS OF NATURAL LIGHT! Possible to apply for beer, wine, and liquor license/permits! Excellent opportunity to get into a restaurant space in Downtown LA! UPSTAIRS OFFICE AVAIL TOO! I'm a commercial real estate broker, if this space doesn't meet your needs I may know of something else that does! Call me or go to my website and fill out the quick contact form now! Thnx! Become a fan of Downtown LA on Facebook @dtla4ever Snap/IG/Youtube: @dtlarealestat DISCLOSURES: The information contained herein is deemed reliable but was obtained from 3rd parties and has not been independently verified by dtlarealestate website and is therefore not guaranteed. Brokers/agents are not qualified to act, consult, make conclusions, and/or provide advice with respect to legal, tax, environmental, licensing, permitting, architectural, building code and construction, soils-drainage, and/or any other such matters, so for these things you should refer to the appropriate expert of your choice. Square feet are approximate and are not guaranteed. If there is a common area that the space shares 20% load factor is added to the square feet. Leases assume you measure the sqft before leasing and approve of the calculation for multiple reasons. Rent rate and terms on all of dtlarealestate website's advertisements and correspondences are subject to change so the final rent rate and terms are not valid or binding until a written lease has been signed by lessor and lessee.

Central LA

Office Space Market Report

Number of Listings (last 90 days)
405
As of: April 29, 2017

Central LA Rates

The typical asking rate per listing is in the $0's per square foot per year. The Central LA region is seeing a decline in rates. In the last 3 months, the median rate decreased $44 per sqft per year. That's a 100% decline in rent.

Central LA Listing Supply

In the last 90 days, 405 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built in 1956 and are Class A.

Central LA Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Central LA residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central LA.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central LA.
Research