Mixed-Use Property At 645 South Los Angeles Street Sold For $2.86 Million In DTLA

645 South Los Angeles Street is a mixed-use asset that encompasses a 9,176-square-foot warehouse/retail building located in the Los Angeles market. The property was sold for $2,860,000, reflecting a price per square foot of $312. This two-story building has been on the market for the first time in over 40 years and presents adaptive reuse potential along with reduced parking requirements under AB2097, and offers 800 AMPS of power.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $2,860,000
• Address: 645 South Los Angeles Street
• Market: Los Angeles
• Square Footage: 9,176
• Price per Square Foot: $312

The transaction involved brokers Louis Tseng and Sam Shakerchi, both representing Compass in this deal. Their collaboration marks a significant milestone, as the property had not changed ownership for over four decades.