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The Real Deal Los Angeles

Harrison Ford’s son sells historic Downtown theater for $3.3M

He bought the space for $300,000 in 2000

October 07, 2016 09:30AM

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Inside the Kim Sing theater at 718 North Figueroa Street (Credit: Kim Sing Theater, prabook.com)

Inside the Kim Sing theater at 718 North Figueroa Street (Credit: Kim Sing Theater, prabook.com)

Harrison Ford’s son just scored a tidy profit on the sale of the historic Kim Sing Theatre in Chinatown.

The design and fashion entrepreneur pocketed $3.3 million from the sale of the former vaudeville house and movie theater  — 11 times the $300,000 he paid for it in 2000.

Ford has been using the property on Figueroa Street as a furniture showroom and private residence, the L.A. Times reported. He spearheaded a massive renovation of the 12,500-square-foot space, adding an internal courtyard, retail space and an audio-visual room.

The four retail showrooms, where Ford featured the work of furniture designers, total 9,000 square feet, while the three-bedroom residential loft spans 3,500 square feet on two floors.

The buyer was Indra & Company, headed by Ash Pathi, which plans to use lease out the commercial space and use the loft for short-term stays and events.

Douglas Elliman’s David Kean was the listing agent. Indra was represented by Lindsay Rae Galbraith of Sotheby’s International Realty. [LAT] — Cathaleen Chen

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