216 S Spring St
Owner/User or Multifamily Development Opportunity
Marketing description
Cushman & Wakefield of California, Inc. as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 216 S Spring Street, Los Angeles, CA 90012 (the “Property”), a one-story, freestanding 13,900 square foot concrete building originally built in 1950. The Property includes a loading dock on Harlem Alley in the rear of the building.
The Property is conveniently located in the Bunker Hill submarket of Downtown Los Angeles just north of the Grand Central Market. The Property is within walking distance to the Civic Center/Grand Park Metro Station. The Property is also right next to several notable Downtown Los Angeles parks, including Pershing Square and Grand Park.
216 S. Spring also presents the unique opportunity to build 120 units that have been thoughtfully designed with the modern city dweller in mind. Located in close proximity to an abundance of amenities, public transit options and some of the most prominent employers in the City, this is a site that offers businesses and companies to own a uniquely sized property that can be easily retrofitted for a variety of uses.
Investment highlights
Prime location in Downtown LA’s Bunker Hill submarket, steps from Grand Central Market, Pershing Square, and Grand Park.
Walkable to the Civic Center/Grand Park Metro Station, with easy access to Metro B & D Lines and regional transit connections.
Opportunity to build 120 residential units designed for modern urban living, offering significant redevelopment potential.
Existing 13,900 SF freestanding concrete building with rear loading dock provides flexible commercial use options.
Fee simple ownership of a rare, manageable-sized parcel in a dense, supply-constrained urban core.
Surrounded by major employment hubs, cultural landmarks, and lifestyle amenities supporting strong live/work demand.
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