A seven-story building in Los Angeles’ Historic Core has recently been placed up for sale. The property, which was fully renovated in 2019 and also includes original designs from renowned architects Walker & Eisen, a marketing brochure for the building shows.
The 48,108 square foot building is located at 537 S. Broadway and is marketed by Cushman & Wakefield’s Mike Condon Jr., Mckenna Gaskill and Connor Martin. While pricing guidance was not disclosed, public records show that the property last traded in 2014, when it was sold to an entity linked to King’s Arch for $7.35 million.
Since then, the property has been meticulously renovated and could serve various purposes. Notable features include a tenant lounge conveniently located adjacent to the outdoor amenity deck, two vacant floors of speculative office space, high ceilings, operable windows, exposed brick and concrete floors. Each floor is equipped with private restrooms and separate HVAC units. The property also offers outdoor tenant amenity spaces.
“537 S. Broadway is an architecturally significant, six story building designed by famed local architects Walker & Eisen in the Art Deco and Zigzag Moderne style in 1931. The structure is a Historical Cultural Monument… King’s Arch completed a full renovation/restoration on the 537 Building in 2019 and is proud to have brought it back to its former glory with modern systems and amenities throughout,” King’ Arch states in its website.
Located along Broadway, the property finds itself at the center of a redevelopment movement. The urban revitalization of the Historic Core has breathed new life into the area’s historic structures, attracting a diverse array of retailers, hotel operators, dining establishments and an increasing number of residential units. While highly walkable, the property is also closely situated to the Pershing Square Metro Station as well as Interstate 110 and 101.