In a recent interview, we explored an intriguing property in downtown Los Angeles that is far more than it appears at first glance. Often described as unassuming and somewhat worn on the outside, this two-story brick building houses a remarkable collection of vintage Porsche 911 sports cars, rivaling any automobile museum.
Listed for the first time with an asking price of $20 million, this unique estate could potentially sell for 20 times what the current owner originally paid years ago. Referred to by the owner as a “warehouse,” this brick loft structure dates back to around 1902 and occupies a central spot in the Arts District. With over 25,000 square feet of space spread across two lots, it benefits from multiple street-level commercial usage permits.
The property boasts a private gated entrance leading to a courtyard, a parking area that can accommodate up to 12 vehicles, exposed vintage brick walls, rustic wood flooring, soaring ceilings, skylights, and retro windows. It also features a working freight elevator, gardens, and breathtaking 360-degree views of downtown from the roof.
According to commercial real estate site Loopnet, this property is considered “a rare gem” that has served as a backdrop for numerous films, commercials, and music videos. The upper living area is described by the owner as a blend of Hearst Castle, English country house aesthetics, and mid-century modern design.
Current owner Magnus Walker purchased the warehouse 24 years ago for $920,000. Since then, he has transformed the 11,200-square-foot second floor into a living space while utilizing the first floor for his own fashion brand, Serious Clothing. The surrounding area has dramatically evolved from an abandoned industrial district into a thriving arts neighborhood, now home to esteemed establishments like Hauser & Wirth, Soho Warehouse, Warner Music, and East End Studios.
Walker, a fashion designer and car enthusiast, has garnered attention for his extensive Porsche 911 collection, inspiring a feature on Porsche’s official website. His journey began at the age of 25 when he bought his first Porsche 911 for $7,500, which ignited a passion that has led to a collection of over 40 vintage 911s today. His story even sparked the creation of the documentary “Urban Outlaw” and a Hot Wheels toy series named after him. A few years ago, he also launched a YouTube series called “The Next Big Thing with Magnus Walker.”
This property beautifully encapsulates the intersection of automotive passion and creative living, making it a standout feature in the vibrant landscape of downtown Los Angeles.
