Thank you
Filip Niculete
Marcus & Millichap
818-212-2700
We are pleased to present 2330 W 3rd Street, an architectural awardwinningmixed use creative space opportunity in the heart of Westlake, one ofLos Angeles' fastest growing neighborhoods. This rare trophy Mid-Century assetconsists of ten commercial suites and one large 2 bedroom penthouse. This iconic glass, brick, and stucco Mid-Centurybuilding wraps around a beautifully landscaped centralcourtyard. Every creative suite is unique and boastrare features such as floor to ceiling glass windows,open beamed ceilings, their own private bathrooms,and brick wood-burning fireplaces. The 8,262 squarefoot building sits on 11,721 square feet of land zonedLAC2, allowing for a variety of commercial, residential,or mixed uses. With approximately 100 feet of frontagealong 3rd street, 2330 W 3rd Street presents itself asone of the most recognizable architectural buildings inWestlake with excellent visibility, lush palm trees, andconvenient ingress and egress. Westlake, located right outside Downtown'semployment hub, is a bustling neighborhood with arapidly gentrifying demographic. Westlake is adjacentto other notable neighborhoods, including Echo Park,Pico Union, Downtown and Koreatown. The subjectproperty's location is ideal as it is walking distanceto thousands of jobs, transportation options andretail and dining amenities. The demand for apartmentunits continues to increase, seen by the majordevelopments in the area such as the MacArthur ParkMetro Apartments (proposed 665 units), Lake onWilshire (proposed 478 units) and Wilco (152 unitsunder construction) among many others in closeproximity to 229 South Westlake Avenue.
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Total Bedrooms : 0
Total Baths: 0
Full Baths: 0
Half Baths: 0
Year Built: 1951
Building Area Total: 8,262
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2692
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 11725
Original List Price: 2,990,000
Listing Contract Date: 2024-01-18
Listing Agreement: Seller Reserved
Parcel Number: 5154035015
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 1943
Directions: W 3rd & S Park View
Zoning: LAC2
Source Property Type: Residential Income
Area: C42 - Downtown L.A.
Property Age: 73
Year Built Source: Vendor Enhanced
Total Square Feet Living: 8262
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2311 W 2nd Street, Los Angeles, CA,90057 | $900,000 | -- | -- | -- | 6467 Sqft |
247 S Carondelet Street, Los Angeles, CA,90057 | $1,790,000 | 2 | 2 | 1,424 | 7589 Sqft |
435 S La Fayette Park P.., Los Angeles, CA,90057 | $3,150 | 2 | 2 | 1,355 | 46949 Sqft |
2305 W 2nd Street, Los Angeles, CA,90057 | $979,999 | 2 | 1 | 2 | 6466 Sqft |
1913 W 3rd St., Los Angeles, CA,90057 | $6,300,000 | -- | -- | 21,692 | 20283 Sqft |
226 S Rampart Boulevard, Los Angeles, CA,90057 | $1,380,000 | 4 | 2 | 3,058 | 7001 Sqft |
2021 Miramar Street, Los Angeles, CA,90057 | $2,400,000 | 6 | 3 | 2,466 | 4942 Sqft |
435 S La Fayette Park P.., Los Angeles, CA,90057 | $680,000 | 2 | 2 | 1,433 | 46963 Sqft |
744 S Carondelet Street, Los Angeles, CA,90057 | $1,600,000 | -- | -- | 19,500 | 7502 Sqft |
229 S Westlake Avenue, Los Angeles, CA,90057 | $2,150,000 | -- | -- | 6,150 | 6272 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 19:16
MLS: 24349269
LISTED BY: Filip Niculete, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.