For Sale

Listed by Filip Niculete and Glen Scher

Source: Combined LA Westside Multiple Listing Service, Inc #24349269

PH/2330 West 3rd Street, Los Angeles, CA, 90057

$2,990,000

9
8262 sq. ft.
11725 sq. ft.

Other

30+ days on the market

What's around PH/2330 West 3rd Street

About this property

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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