For sale: A seven-story historic building in the heart of the Los Angeles Fashion District with one special feature — a Banksy mural on the side of the building.
In the aftermath of the COVID-19 pandemic, many restaurants, stores and offices have closed their doors.
The management company is 41.5 percent owned by the pink-haired jewelry designer, known for her colorful, candy-like designs, and 41.5 percent owned by Campos. They believe the building is worth $16 million, not including the Banksy mural, which in court papers they said is valued at $10 million alone.
Recently, Phillip Sample, senior vice president of CBRE’s Urban Investment Group in downtown Los Angeles, was showing the building to a prospective buyer. They walked through the gated alleyway that protects the Banksy mural, which is covered in Plexiglas, and then inside the building. Up the street is a new Apple store located inside the historic Tower Theatre, built in 1927 in a Renaissance Revival style. It was empty for 33 years until it was extensively renovated and opened last year.
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