620 East 1st Street
FOR SALE IN DOWNTOWN LOS ANGELES
GILL | BURNS | YOO RARE PURCHASE OPPORTUNITY AT THE INTERSECTION OF THE ARTS DISTRICT AND LITTLE TOKYO
± 600 FT FROM THE LITTLE TOKYO/ARTS DISTRICT METRO STATION
NESTLED IN A RESIDENTIAL POCKET WITH ACCESS TO ABUNDANT AMENITIES BY FOOT
VINTAGE BRICK BUILDING WITH A YARD READY FOR RENOVATION
4 METRO BIKE SHARE STATIONS WITHIN A 2 BLOCK RADIUS
620 Redevelopment Vision
Charming vintage building with unique features
Brick exterior
RENDERINGS
Huge outdoor space for patio or garden behind the building
Endless possibilities for creating a unique atmosphere Parcel Map Property Details
BUILDING SIZE: 3,600 SF
LAND SIZE: 3,392 SF
YEAR BUILT: 1913
APN: 5163-002-020
STORIES: 2
CONSTRUCTION: BRICK
620ZONING: LACM The Arts District
Historically, the Arts District was populated by various industrial users – manufacturers and distributors, who warehoused goods ranging from frozen fish to toys. Over time, the multi-story industrial buildings deemed antiquated and functionally obsolete naturally transitioned to lofts and studios as artists and craftsmen began occupying the spaces.
About a decade ago, developers came into this exclusive pocket of Downtown LA and gave a boost to this trend. They started converting former warehouses into homes on a larger scale - Barker Lofts, Biscuit Lofts, Toy Factory Lofts, etc. As residents started to sprout, the retailers followed. In recent years, adaptive re-use projects and new developments saturated the Arts District to a point where the City of Los Angeles attempted to rewrite the zoning ordinance for the first time in many decades. The demand to own property in the Arts District seemed insatiable at the peak of this transformation.
Today, the real estate players in Arts District have shifted from private/local investors to developers with institutional funding, some of whom are international. The occupants have changed from garment manufacturers, produce distributors, and wholesalers to brand name retailers, James Beard Award-winning chefs, and Warner Brothers.
The future of the Arts District is headed towards a total metamorphosis as major developments are in the pipeline in addition to those that are already in progress. Although the landscape of the Arts District is bound to change dramatically, the intent of the developers and the local community is to keep the integrity, character, culture and aesthetics intact for the most unique district of Los Angeles. THE GAREY 929 EAST 2ND STREET HAUSER & WIRTH
The $60 million project from Lowe Enterprises created 320 Est4te Four Capital’s proposed redevelopment of the The Arts District mega-gallery is the sixth location for the apartments between two 5-story buildings. The buildings are Challenge Cream & Butter building includes adding 5 more Switzerland-based gallery owners, who partnered with former separated by a pedestrian paseo that’s open to the public and floors atop the existing 2-story warehouse. The interior of the MOCA Chief Curator, Paul Schimmel. The project transformed lined with 15,800 SF of ground floor retail and restaurant warehouse would be repurposed with a mixture of shops and a low-slung, 7-building compound that began as a grain mill space. The project includes a pool and rooftop deck, as well eateries, with parking in the basement. The upper five floors in the late 19th century. The gallery is also home to Manuela, a as 558 parking stalls. would include more retail, a gym, parking, offices, photo 5,000 SF Southern-influenced restaurant. studios, event space, and a private lounge.
REGIONAL CONNECTOR 4 TH & TRACTION 950 EAST THIRD
The Little Tokyo/Arts District Station will be moved The century-old Coca-Cola building is being transformed Legendary Development and Fairfield Residential are underground and across the street to the southeast corner into a mixed-use complex with creative office space, constructing five 6-story buildings to house 472 apartments. of 1st St and Central Ave as part of the Regional Connector retail, and restaurants. It will include a 10,000 SF rooftop The project will also include rooftop decks, 22,000 SF of Transit Project. The station, bordering the two neighborhoods penthouse with an outdoor kitchen and fire pit. The project retail, and a courtyard. The complex will span over six acres of Little Tokyo and the Arts District, will make these will also add a 300-space, multi-level parking structure and is expected to open in late 2018. historically rich and vibrant neighborhoods easily accessible. adjacent to the building. Regional Connector
The Metro Regional Connector Project extends from the Metro Gold Line Little Tokyo/Arts District Station to the 7th Street/Metro Center Station in downtown Los Angeles, allowing passengers to transfer to Blue, Expo, Red and Purple Lines, bypassing Union Station. The 1.9-mile alignment will serve Little Tokyo, the Arts District, Civic Center, The Historic Core, Broadway, Grand Av, Bunker Hill, Flower St and the Financial District.
This new Metro Rail extension will also provide a one-seat ride for travel across Los Angeles County. From the Metro Gold Line, passengers will be able to travel from Azusa to Long Beach and from East Los Angeles to Santa LITTLE TOKYO/ARTS DISTRICT STATION Monica without transferring lines. 1ST STREET & CENTRAL AVENUE The Regional Connector will improve access to both local and regional destinations by providing continuous thru service between these lines and providing connectors to other rail lines via the 7th St/Metro Center Station. The extension offers an alternative transportation option to congested roadways and provide significant environmental benefits, economic development, and employment opportunities throughout Los Angeles County.
The Little Tokyo/Arts District Station, currently an at-grade Gold Line station located at the intersection of 1st and Alameda streets, will be moved underground and across the street to the southeast corner of 1st St and Central Ave as part of the Regional Connector Transit Project. The station, bordering the two neighborhoods of Little Tokyo and the Arts District, will make these historically rich and vibrant neighborhoods easily accessible. Residential Developments
1 HIGGINS
2 AVA LITTLE TOKYO
3 CASA HEIWA
4 TERAMACHI 1 5 SAKURA CROSSING
6 SARES-REGIS APARTMENTS 3 2 7 LITTLE TOKYO TOWERS 26 4 5 6 8 MIYAKO GARDENS 7 9 HIKARI 9 10 TOKYO VILLA 8
11 SAVOY 10 12 ARTISAN ON SECOND 11 LITTLE TOKYO/ARTS DISTRICT METRO STATION 13 MURA 12 14 GALLERY LOFTS 13 25 14 15 THE GAREY BUILDING 24 16 NEWBERRY LOFTS 23 22 15 17 VIGNES LOFTS
18 BARN LOFTS 16 19 ONE SANTA FE 17 21 20 950 E 3RD ST. 18 21 BINFORD LOFTS 20 22 820 E 3RD ST.
23 800 TRACTION AVE.
24 THE AMERICAN 19 25 BEACON LOFTS
26 CATALINA LOFTS
METRO GOLD LINE 1 EIGHTY TWO 2 UMAMI BURGER 3 ARTISTS & FLEAS LA 4 THE PIE HOLE 5 WURSTKUCHE LITTLE TOKYO & ARTS DISTRICT 6 APOLIS GLOBAL Amenities: 7 POKETO 8 BLACK TOP COFFEE 9 ALCHEMY WORKS
10 SHINOLA 55 ALAMEDA STREET ALAMEDA 11 SALT & STRAW 12 HOUSE OF WOO 54 13 HAUSER WIRTH & SCHIMMEL EAST53 1ST STREET 14 MANUELA 52 15 EAT.DRINK.AMERICANO 40 51 16 HAMMER AND SPEAR 17 CAFE GRATITUDE 38 41 50 18 EDIBOL 39 49 19 ARTS DISTRICT BREWING CO. 20 FRITZI 21 GROUNDWORK 43 22 RESIDENT DTLA 42 47 23 URTH CAFFE 24 ANGEL CITY BREWERY 45 46 25 LITTLE TOKYO MARKETPLACE 44 33 EAST 1ST STREET 26 MANNA KOREAN BBQ 37 EAST 2ND STREET 27 SUSHI GEN 28 BRUNSWIG SQUARE 36 32 29 WOLF & CRANE BAR 31 48 30 EBISU JAPANESE TAVERN 31 RIF.LA 30 32 PINKBERRY 29 33 POKE EXPRESS 28 34 MUMFORD BREWING 35 THE ESCONDITE 36 BALDORIA EAST 2ND STREET 37 GINGERGRASS DOWNTOWN 38 CAFE DEMITASSE EAST 3RD STREET 39 SIMBAL 27 40 NON FACTORY TRACTION AVENUE 12 41 MITSURU SUSHI & GRILL 42 CAFE DULCE 24 14 43 JAPANESE VILLAGE PLAZA 13 15 44 NIJIYA MARKET 35 10 11 16 45 MIKAWAYA 34 46 RAMEN MARUYA 3 EAST 3RD STREET 47 OOMASA 7 9 17 48 SHIN-SEN-GUMI 5 6 8 49 TOSHI SUSHI
S CENTRAL AVENUE CENTRAL S 4
50 FAR BAR 1 2 SOUTH SANTA FE AVENUE FE SANTA SOUTH 51 SUEHIRO CAFE EAST 4TH STREET 26 21 52 MARUGAME MONZO STREET ALAMEDA 53 DAIKOKUYA 25 54 FUGETSU-DO BAKERY SHOP EAST 4TH PLACE JIST CAFE 20 55 19 18 620 EAST 1ST STREET
LITTLE TOKYO
ARTS DISTRICT EAST 4TH STREET RESIDENTIAL DEVELOPMENTS
REGIONAL CONNECTOR N 23 22 620
BRANDON GILL BRANDON BURNS JAE YOO Executive Director Executive Director Executive Director +1 213 629 6528 +1 213 629 6541 +1 213 629 6551 [email protected] [email protected] [email protected] CA LIC 01262330 CA LIC 01194796 CA LIC 01503567
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