Multi-Use Property in MacArthur Park

Description:

Two story commercial building by the corner of 7th and Alvarado next door to the famous Langer's Deli. 1-2 minute walk to the Westlake/MacArthur Park Metro station on Alvarado (which is 1 stop away from Downtown LA) and the historic MacArthur Park Lake. Plenty of foot traffic.

This property is approximately 14,200sf on two levels + mezzanine (with private bathroom). Two bathrooms on each of the two floors. Parking for up to 3 cars in gated lot behind the building and accessible through the alley. Building was being used as a swapmeet with individual gated stalls but configuration can be changed. Building is now empty. Fully sprinklered. Historic two sided marquis in front.

Possibility of signing separate lease with independent parking lot approximately half a block away.

Possible uses are retail, warehouse/distribution, private event space, creative office, co-working space, light manufacturing, music/film production, etc. Was used for a Netflix production.

The area is finally gentrifying with numerous developments in the works. At the center of Echo Park, Silverlake, Downtown LA, and Koreatown.

Several planned nearby developments:

https://la.curbed.com/maps/westlake-development-hotels-mixed-use-construction

https://urbanize.la/post/modular-housing-development-rise-near-macarthur-park

https://urbanize.la/post/mixed-use-development-planned-one-block-south-macarthur-park

https://la.curbed.com/2017/10/4/16425704/macarthur-park-westlake-apartments-hotel

1 Space Available