Chinatown Grand Plaza
701 W CESAR ESTRADA CHAVEZ AVENUE LOS ANGELES, CA 90012
INVESTMENT SUMMARY HOLLYWOOD MID CITY KOREATOWN
ECHO PARK DOWNTOWN LOS ANGELES
101
101
Chinatown Grand Plaza
1,277,438 $60,516 466,806 $56,463 CHINATOWN 48,202 $58,944 3 MILE 5 MILE 3 MILE 5 MILE 1 MILE 1 MILE
2019 POPULATION 2019 AVG. HH INCOME Executive Summary
JLL is pleased to present the opportunity to acquire Chinatown Grand Property Summary Plaza, 701 W Cesar Estrada Chavez (“The Property”), a 71,320 square Property Name Chinatown Grand Plaza foot mixed-use condominium in the heart of Los Angeles’ most dense 701 W Cesar Estrada Chavez Avenue trade area; Chinatown. The six-story senior housing project is anchored Address Los Angeles, CA 90012 by Health and Wellness providers with a mix of convenient daily needs GLA 71,320 SF and dining options. This mixed-use site also contains 302 senior living Lot Size N/A apartment units (NAP) that provide a recurrent consumer base. With Property Type Condominium 8 / 11 approximately 48,000 people within a one-mile radius and 477,000 Number of Tenants / Suites Occupancy 99% people within a three-mile radius of the property, this is one of the most APN 5407-014-022 dense trade areas in the country. Grand Plaza was built to help serve a Year Built 1991 traditionally underserved market, and will continue to do so well into Parking 194 spaces | 2.7:1,000 the future. Zoning LA-C4 Notable Tenants 7-Eleven, AltaMed Health, EOS Fitness
2 302 APARTMENT UNITS (NAP)
Chinatown Grand Plaza
3 Investment Highlights
POPULATION DENSITY Chinatown is one of the most densely populated neighborhoods in Los Angeles County. Its population is 56.5% Chinese and 17.1% Latino heritage. Unlike much of LA which is built upon horizontal suburban sprawl, Chinatown is more vertically integrated with tall apartment buildings and walkable retail. There are an average of 9,650 people per square mile, as opposed to the general Los Angeles average of 6,999 people per square mile.
FORWARD THINKING CONSUMER ORIENTED CONSTRUCTION Mixed-use communities with easily accessed retail and service amenities are today’s preferred way-of-life. The pedestrian-friendly design and multitude of amenities service not only the 302 residences in the project, but also the surrounding community.
ABUNDANT PARKING Chinatown Grand Plaza benefits from easy access to an included parking structure with ingress and egress off of Bunker Hill Avenue, providing visitors with 194 parking spaces.
TRANSPORTATION ACCESS US 101 (284,000 VPD) is one block to the southwest of the property, and CA Interstate 110 (157,000 VPD) is two blocks to the west. In addition, Los Angeles’ Union Station is a short 12 minute walk, or 0.6 miles away.
4 The Retail Landscape
6 1 7 3 5 8
9 4
U 2 .S. ROUTE 101 — 284,000 VPD
VENUE — 23,856 VPD
AND A GR 10 CESAR E CHAVEZ AVENUE — 37,268 VPD Chinatown Grand Plaza
1 Los Angeles City Hall 6 The Broad Museum 2 Ramón C Cortines School of Visual Arts 7 Walt Disney Concert Hall 3 Grand Central Market 8 Dorothy Chandler Pavilion 4 Cathedral of Our Lady of the Angels 9 Ahmanson Theatre 5 Museum of Contemporary Art 10 The Orsini Apartments 5 The Retail Landscape
1 3 2 D 4 VP 00 5 STATE ROUTE 110 — 157,0
9 6 8 7
B HILL S UN KE TREET — 24,084 VPD R HIL L AV ENU E — 10 ,76 2 V PD Chinatown Grand Plaza 10
CESAR E CHAVEZ AVENUE — 37,268 VPD GR
AND A 1 Dodgers Stadium 6 Howlin’ Ray’s VENUE — 23,856 VPD 2 LA State Historic Park 7 Baohaus 3 Majordomo 8 Chego 4 Highland Park Brewery 9 Philippe the Original 5 Chinatown Central Plaza 10 Union Station 6 Chinatown Grand Plaza
Geoff Tranchina Jason Gribin Tim Kuruzar Executive Vice President Vice President Vice President 310-694-3180 213-239-6130 424-901-8206 Lic. # 01435512 Lic. # 01819611 Lic. # 01778384 [email protected] [email protected] [email protected]
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