Historic Cultural 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.

Historic Cultural

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
10,000
As of: May 22, 2017

Historic Cultural Rates

On average, listings lease in the $20's per square foot per year. The Historic Cultural region is going through a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 40% decrease in rent.

Historic Cultural Listing Supply

In the last 90 days, 29 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 10,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1957 and are Class B.

Historic Cultural Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Historic Cultural folk. Commuting approximately 20 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 Historic Cultural.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Historic Cultural.
Research