323 E 1st Street Los Angeles, CA ^$ 4,070,000

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323 E 1st Street

Los Angeles, CA, 90012

^$ 4,070,000

Bedrooms-- Baths-- Sq 10,035

Monthly Estimate*

^$ 27,050

Listed by Sotheby's International Realty

323 E 1st Street, Los Angeles, CA 90012 - Image 1

Commercial Property for sale in Los Angeles, CA

for $4,070,000. This 10,035 square foot building was built in 1899 on a lot size of 0.1426.

A rare opportunity to own a true piece of Los Angeles history in the heart of Downtown's vibrant Little Tokyo district. Built in 1899 and designated as part of the "Historic Little Tokyo" area in 1994, this iconic two-story commercial building spans over 10,000 square feet and offers a versatile layout ideal for both investors and end-users. The ground floor features two fully built-out restaurant spaces along with a standard retail storefront perfectly positioned to capture heavy foot traffic from locals and tourists alike. Upstairs, a collection of private offices offers a range of leasing or creative use possibilities. This property has been in the same family for generations and sits at the epicenter of one of LA's most beloved cultural destinations. With its historic charm, unbeatable location, and mixed-use potential, this is a once-in-a-generation opportunity to own a cornerstone of Little Tokyo. Don't miss your chance to invest in legacy and culture.

Commercial Active

Price

^$ 4,070,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.1426

Year Built

1899

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25525373

Days on Market

Features

General

Zoning LAC4

HOA Fee 0.0

Security Features KeyCardEntry

Year Built 1899

County Los Angeles

New Construction N

Property Type CommercialSale

HOA N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions From 101 N - Exit Alameda Street turn left towards Little Tokyo right onto 1st Street. From 101S - Exit Los Angeles Street turn right toward downtown left onto 1st Street.

City Los Angeles

Disclosures Historical

Senior Community Y/N N

Number Of Units Total 11

MLS Area C23 - Metropolitan

Lot Size Units SquareFeet

Lot Size Square Feet 6211.0

Waterfront Y/N N

Carport Y/N N

Electric On Property Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Exterior

Total Parking 0.0

Lot Size Area 6211.0

Number of Buildings 1

Spa N

Building Area Total 10035.0

Lot Size Acres 0.1426

Private Pool N

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Entry Level 1

Total Baths 0

Internal Only

Street Number 1 323

* Excluded Features

List By

Sotheby's International Realty

Broker

(323) 665-1700

Phone

Affordability Calculator

$27,050

Per Month

Monthly Principal & Interest: $27,050
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,441,401

Percent of Sale Price 40%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/15/2025	$4,070,000		Listed Price

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323 E 1st Street, Los Angeles, CA, 90012 is a Commercial Property for sale at $4,070,000 with 10,035 sqft and a lot size of 0.1426. 323 E 1st Street was built in 1899. The property's zip code is 90012 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/15/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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323 E 1st Street

Commercial Property for sale in Los Angeles, CA

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