HIGHLAND PARK — The former home of Frank’s Highland Park Camera shop sold last fall for the handsome sum of $3.4 million. Now, the new owners, who were profiled in last year’s Marketplace series on Highland Park gentrification, are seeking new tenants to fill up the three-story brick building, with the first floor going for $22,500 a month, according to LoopNet.
New owner Dave Walker told Marketplace that he and his investors are seeking a 25% return on their investment in the Figueroa Street building, from which workers removed 15 dumpster loads of cameras, film and other photographic equipment. A Marketplace reporter accompanied Walker as he gave a tour of the building to prospective tenants:
You can see where the plaster has come off the walls,” he told a pair of potential tenants who own several trendy bars and restaurants in Los Angeles. “And you can see what’s cooking. We’ve got exposed brick, laying right behind that.”
“Oooh,” one of the potential tenants said.
“It’s got that intangible which is hard to come by, which is the cool factor,” Dave said.
That “cool factor” is “perfectly suited for creative office (2nd floor) and restaurant / retail use on the 1st floor,” says the listing.