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Highlights

  • Heavy daytime foot traffic
  • Unique visibility along Central
  • Lots of natural light

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor
  • 1,650 SF
  • 5 Years
  • $119.43 CAD/SF/YR $9.95 CAD/SF/MO $197,058 CAD/YR $16,421 CAD/MO
  • Triple Net (NNN)
401 E 2nd St - 1st Floor
Space Use
Retail
Build-Out
Full Build-Out
Availability
2026-06-01
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as a Restaurant or Café Space
  • Highly Desirable End Cap Space
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Freezer Space
  • High Ceilings
Space Size Term Rental Rate Rent Type
1st Floor 1,650 SF 5 Years $119.43 CAD/SF/YR $9.95 CAD/SF/MO $197,058 CAD/YR $16,421 CAD/MO Triple Net (NNN)

401 E 2nd St - 1st Floor

Size
1,650 SF
Term
5 Years
Rental Rate
$119.43 CAD/SF/YR $9.95 CAD/SF/MO $197,058 CAD/YR $16,421 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Build-Out
Full Build-Out
Availability
2026-06-01

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as a Restaurant or Café Space
  • Highly Desirable End Cap Space
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Freezer Space
  • High Ceilings

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Select Tenants at Office Depot Plaza

  • Tenant
  • Description
  • US Locations
  • Reach
  • Hakata Ramen Shin-Sen-Gumi
  • Restaurant
  • 1
  • Local
  • Izakaya Go
  • Accommodation and Food Services
  • -
  • -
  • Sunright Tea Studio
  • Drinks/Juices
  • 35
  • International
Tenant Description US Locations Reach
Hakata Ramen Shin-Sen-Gumi Restaurant 1 Local
Izakaya Go Accommodation and Food Services - -
Sunright Tea Studio Drinks/Juices 35 International

Property Facts

Total Space Available 1,650 SF
Center Type Neighborhood Center
Parking 94 Spaces
Center Properties 1
Gross Leasable Area 35,876 SF
Total Land Area 2.35 AC
Year Built 2001

About the Property

Located in the heart of Downtown Los Angeles’ Little Tokyo district, this retail opportunity presents a rare chance to secure space in one of the city’s most active and culturally established urban corridors. The property benefits from consistent pedestrian activity generated by nearby residential towers, office buildings, and steady destination traffic throughout the district. Previously occupied by Bungraze, the space offers a recognizable prior tenancy history and sits within a dynamic mix of retail, dining, and creative uses. The surrounding trade area is supported by dense urban housing, a growing workforce population, and strong daily foot traffic from both residents and visitors. Positioned within walking distance of major multifamily developments, restaurants, entertainment venues, and civic destinations, the site captures a balanced flow of daytime and evening activity. Its location within Little Tokyo’s established retail core provides access to one of Downtown Los Angeles’ most walkable and consistently active submarkets. The space features strong street frontage, excellent signage visibility, and a flexible open layout suitable for a variety of retail or food & beverage concepts.

Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Nearby Major Retailers

Club Pilates
Nijiya Market
Wells Fargo Bank
U.S. Bank
Citibank
Credit Union of Southern California
Johnny Rockets
Kura Sushi
Bank of Montreal
Apostrophe
  • Listing ID: 40478600

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: 401 E 2nd St, Los Angeles, CA 90012

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