Crown jewel event venue in a historic apartment building in Downtown Los Angeles. Features a Grand Ballroom with 19 ft soaring ceilings, vintage chandeliers, and polished hardwood floors. Spans 16,689 sq. ft. across a main ground floor, VIP mezzanine level, and extensive basement storage. Fully outfitted for events with 9 restrooms, coat check, dressing rooms, food prep station, and alleyway loading dock access. Located directly below 200 occupied residential units.
- Asking Price:
- $15,000 Furniture / Fixtures included
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
$11,040 total monthly rent ($7,500 Ground/Loft + $3,540.50 Basement, No CAM charges except trash).
- Leasehold Rent:
-
$132,480 per annum
- Location:
-
Prime location in Downtown Los Angeles at 748 S Main St.
- Premises Details:
-
16,689 SQFT historic building setup (6,684 SQFT Ground + 2,924 SQFT Loft + 7,081 SQFT Basement). Equipped with HVAC, 9 restrooms, dressing rooms, and loading dock
- Size in square feet:
- 16,689
Business Operation
- Expansion Potential:
-
Multi-use potential for corporate galas, weddings, art exhibitions, filming, nightlife, and catering operations.
- Competition / Market:
-
Unique vintage venue offered at $0.78/SQFT—the most affordable rate in DTLA. Built-in customer base with 200 apartment units directly upstairs.
- Reasons for selling:
-
Offering turnkey event venue leasehold and fixture asset opportunity.
- Employees:
- 0
- Years established:
- 0
Other Information
- Support & training:
-
Venue handover and logistical operational walk-through provided
- Furniture / Fixtures value:
- $15,000 - included in the asking price
- Business closed / Asset sale:
- Yes
