Cushman & Wakefield of California, Inc. as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 121 W 3rd Street, Los Angeles, CA 90013 (“One Twenty One” or the “Property”), a land development opportunity in the thriving Historic Core district of Downtown Los Angeles (DTLA) submarket. Over the past 20 years, adaptive re-use conversions and new multifamily development has transformed the area into a highly desirable live/work/play environment in the center of DTLA. The Historic Core district is one of the more appealing retail destinations in DTLA, with a large variety of credit tenants, restaurants, entertainment, bars and nightclubs. The Property is located within a couple blocks of Grand Central Market and Gallery Row. Additionally, there are several major development projects recently completed, under construction, or planned in the immediate area. This includes the 35-story Perla on Broadway condominium project (completed 2021), as well as the CitizenM Hotel (completed 2021) and Cambria Hotel (under construction). These projects enhance the market appeal of the immediate area and underscore the growth and investment occurring locally. The Property benefits from a central location in DTLA with excellent regional access, located less than ¼-mile from the 110 and 101 Freeways, and less than 2.0 miles from the I-10 and I-5 Freeways.