LOS ANGELES - eTradeWire -- Zacuto Group has announced the sale of 1936 Mateo Street, a 25,476 SF creative industrial property located in the Downtown Los Angeles pocket of the Arts District South neighborhood. The sale was brokered by Jake Zacuto and Sammy Santana, representing the sellers in the transaction.

Once home to a prominent Los Angeles fashion house, 1936 Mateo Street sits among a collection of converted warehouses that have become synonymous with the city's transactional energy. The property was purchased by the neighboring owner, who plans to integrate the building into their adjacent holdings and utilize it for storage and operational overflow.

"This sale reflects the organic growth happening throughout the Arts District, where local owners continue to reinvest and expand their footprint," said Jake Zacuto, Founder and Principal of Zacuto Group. "1936 Mateo Street is a great example of how legacy industrial properties continue to find new life as part of Los Angeles' evolving landscape."

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The property closed for $4,956,489 ($195/SF). Additional details of the transaction were not disclosed.

About Zacuto Group
Zacuto Group is a Los Angeles–based commercial real estate brokerage specializing in sales and leasing across creative office, industrial, and retail sectors. The firm represents landlords, tenants, and investors throughout Southern California with a focus on design-driven neighborhoods and adaptive reuse assets.

Media Contact:
Michael Spiegel, Zacuto Group
michael@zacutogroup.com
For more information on Zacuto Group and its recent transactions, visit http://www.zacutogroup.com.