Property Description
Exceptional Investment Opportunity: Historic Metropolitan/Paramount Theatre Building IN DOWNTOWN LA! Step into a piece of Los Angeles history with this iconic Metropolitan/Paramount Theatre, a grand structure built in 1923 and situated in the vibrant heart of downtown LA on Broadway. This remarkable six-story building, in addition to a full basement, stands as a testament to the architectural elegance and cultural significance of its era. Key Features: Historic Charm: Experience the timeless allure of a building that has graced Broadway for over a century. Its classic design elements offer a unique canvas for those looking to restore or reimagine a piece of LA’s storied past. Prime Location: Situated in one of the most coveted areas of downtown Los Angeles, the property benefits from high visibility and easy access to the city’s bustling retail, entertainment, and cultural hubs. This central location ensures a steady flow of foot traffic and vibrant surroundings. Versatile Space: The building’s expansive layout spans six floors in addition to a full basement, providing a multitude of redevelopment possibilities. Whether envisioned as upscale residential lofts, dynamic retail spaces, innovative office environments, or a blend of mixed-use options, the property’s flexible design is ideal for a variety of modern uses. Vacant Possession: Upon closing, the building will be delivered vacant, offering a seamless transition for development and renovation plans. This presents a rare and exciting opportunity to customize the space to fit your vision without the need for tenant negotiations. Investment Potential: As a historic gem in a rapidly evolving urban landscape, this property represents a compelling investment opportunity. The combination of its architectural heritage and prime location makes it a valuable asset for investors and developers looking to make a significant impact in downtown Los Angeles. Don’t miss your chance to own a piece of LA’s history and transform it into a dynamic, contemporary space. Contact me today to explore this extraordinary opportunity and imagine the possibilities that await. Youtube video link: https://www.youtube.com/watch?v=f7qMbo9bfLw&t=33s
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Address Map
U.S.
California
Los Angeles
Los Angeles
90013
551 S Broadway
0
W119° 44' 52.7''
N34° 2' 49.5''
MLS Addon
$0
35,000 Sqft
: Elevators
Paramount Theatre
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From Los Angeles International Airport (LAX):Get on I-105 E: Head east on World Way toward S Sepulveda Blvd. Follow signs to merge onto I-105 E.Merge onto I-110 N: Follow signs for I-110 N toward Los Angeles.Continue on I-110 N: Stay on I-110 N until you reach the 9th St exit.Take 9th St exit: Exit onto 9th St.Turn left onto S Broadway:
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Commercial Sale For Sale Los Angeles

551 S Broadway, Los Angeles, Los Angeles, California, 90013

4,922 Acre
Visits : 2 in 8 days
$8,999,999
Listing ID #24438857
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 24438857
Price : $8,999,999
Year Built : 1923
Lot Area : 4,922 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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