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551 S Broadway

Los Angeles (City), CA 90013
  • $8,999,999
  • STATUS: Active
  • ON SITE: 132 Days
  • ID#: 24438857
$8,999,999
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Michael Gouel of Nest Seekers (310-278-8861)


Description

Exceptional Investment Opportunity: Historic Metropolitan/Paramount Theatre Building IN DOWNTOWN LA! Step into a piece of Los Angeles history with this iconic Metropolitan/Paramount Theatre, a grand structure built in 1923 and situated in the vibrant heart of downtown LA on Broadway. This remarkable six-story building, in addition to a full basement, stands as a testament to the architectural elegance and cultural significance of its era. Key Features: Historic Charm: Experience the timeless allure of a building that has graced Broadway for over a century. Its classic design elements offer a unique canvas for those looking to restore or reimagine a piece of LA's storied past. Prime Location: Situated in one of the most coveted areas of downtown Los Angeles, the property benefits from high visibility and easy access to the city's bustling retail, entertainment, and cultural hubs. This central location ensures a steady flow of foot traffic and vibrant surroundings. Versatile Space: The building's expansive layout spans six floors in addition to a full basement, providing a multitude of redevelopment possibilities. Whether envisioned as upscale residential lofts, dynamic retail spaces, innovative office environments, or a blend of mixed-use options, the property's flexible design is ideal for a variety of modern uses. Vacant Possession: Upon closing, the building will be delivered vacant, offering a seamless transition for development and renovation plans. This presents a rare and exciting opportunity to customize the space to fit your vision without the need for tenant negotiations. Investment Potential: As a historic gem in a rapidly evolving urban landscape, this property represents a compelling investment opportunity. The combination of its architectural heritage and prime location makes it a valuable asset for investors and developers looking to make a significant impact in downtown Los Angeles. Don't miss your chance to own a piece of LA's history and transform it into a dynamic, contemporary space. Contact me today to explore this extraordinary opportunity and imagine the possibilities that await. Youtube video link: https://www.youtube.com/watch?v=f7qMbo9bfLw&t=33s

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-23T00:29:40.537. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/155082036
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551 S Broadway Los Angeles (City), CA 90013

  • Price: $8,999,999
  • Status: Active
  • On Site: 132 Days
  • ID#: 24438857
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1923
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Exceptional Investment Opportunity: Historic Metropolitan/Paramount Theatre Building IN DOWNTOWN LA! Step into a piece of Los Angeles history with this iconic Metropolitan/Paramount Theatre, a grand structure built in 1923 and situated in the vibrant heart of downtown LA on Broadway. This remarkable six-story building, in addition to a full basement, stands as a testament to the architectural elegance and cultural significance of its era. Key Features: Historic Charm: Experience the timeless allure of a building that has graced Broadway for over a century. Its classic design elements offer a unique canvas for those looking to restore or reimagine a piece of LA's storied past. Prime Location: Situated in one of the most coveted areas of downtown Los Angeles, the property benefits from high visibility and easy access to the city's bustling retail, entertainment, and cultural hubs. This central location ensures a steady flow of foot traffic and vibrant surroundings. Versatile Space: The building's expansive layout spans six floors in addition to a full basement, providing a multitude of redevelopment possibilities. Whether envisioned as upscale residential lofts, dynamic retail spaces, innovative office environments, or a blend of mixed-use options, the property's flexible design is ideal for a variety of modern uses. Vacant Possession: Upon closing, the building will be delivered vacant, offering a seamless transition for development and renovation plans. This presents a rare and exciting opportunity to customize the space to fit your vision without the need for tenant negotiations. Investment Potential: As a historic gem in a rapidly evolving urban landscape, this property represents a compelling investment opportunity. The combination of its architectural heritage and prime location makes it a valuable asset for investors and developers looking to make a significant impact in downtown Los Angeles. Don't miss your chance to own a piece of LA's history and transform it into a dynamic, contemporary space. Contact me today to explore this extraordinary opportunity and imagine the possibilities that await. Youtube video link: https://www.youtube.com/watch?v=f7qMbo9bfLw&t=33s
Exterior Features

Construction Materials Concrete Parking Total 0 Roof Flat

Interior Features

Building Features Elevator(s) Cooling YN Yes Heating YN Yes

Property Features

Association Fee 0 Building Name Paramount Theatre Buyer Financing Conventional Electric Standard Lease Assignable YN No Listing Agreement Seller Reserved Listing Service Full Service Special Listing Conditions Standard Utilities Electricity Available Water Source Public Zoning LAC5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-23T00:29:40.537. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Michael Gouel of Nest Seekers (310-278-8861)