2 Locations

Cushman & Wakefield of California is pleased to present the opportunity to acquire 755 S Los Angeles Street and/or 700 S Main Street, totaling 229,367 SF in the heart of Downtown Los Angeles' Fashion District.

755 S Los Angeles Street is a fully vacant, six-story creative office and retail building (plus rooftop and basement) totaling 96,959 SF. Originally constructed in 1914, the property features dramatic concrete columns, distinctive poured-in-place formwork, and loft-style window lines delivering strong natural light across all floors. The ground floor offers 20-foot ceiling heights, floor-to-ceiling storefront glass, and patio frontage along Los Angeles Street, while Floors 2 through 6 provide flexible creative office space. Four elevators serve all levels including the ground floor and rooftop, and multiple entryways create a true "building within a building" environment — allowing distinct zones to operate with independent access and identity. The 6th floor and rooftop are configured to accommodate both restaurant/retail and office use, offering maximum flexibility for activation at the top of the building.

The asset underwent a comprehensive renovation in 2019, including full structural and seismic upgrades, new elevators, upgraded restrooms on each floor, and spec office buildouts on the 5th and 6th floors. The rooftop has been transformed into a high-end kitchen and bar with a newly constructed structure and shaded patio offering panoramic DTLA views. The building is well suited for an owner-user seeking a flagship presence in the heart of Downtown Los Angeles.

700 S Main Street is a fully vacant, four-story creative office building totaling 132,408 SF. Formerly the Dearden's department store, the property was fully renovated in 2022 and now features exposed wood timbers, original brick walls, upgraded operable windows, and 27 skylights on the top floor. The ground floor offers the potential for two full-service restaurants, as well as additional in-line retail along Main Street and 7th Street. The building also features a basement that provides additional storage and includes a 4,000 SF speakeasy space with private access.

There are also preliminary concept layouts for a multifamily conversion at 700 S Main Street, allowing a buyer to capitalize on the recent improvements, efficient floor plates, and strong natural light to reposition the asset for residential use.

The properties benefit from an existing Easement and Covenant Agreement, which grants the buildings a perpetual right to use up to 150 parking stalls at 742 S. Main Street. This easement runs with the land and transfers to any future owner, providing immediate and contractually protected parking access without the need for a separate acquisition.

This offering presents a rare opportunity to acquire scale in a supply-constrained submarket, with multiple paths to value creation including owner-user occupancy, lease-up of creative office and retail, or potential repositioning through adaptive reuse or multifamily conversion.