Fashion District Commercial Purchase Opportunity
13,814 Sq.Ft. Ground Floor Retail Building With 3 Upper Levels of Parking
1307-1309 S Los Angeles Street, Los Angeles, CA 90015
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- Total Building Sq.Ft. (Per Manager):
- 63,343
- Prime Downtown Los Angeles Fashion District commercial corner location
143' frontage on Los Angeles St before highway dedication and 128' after 135' frontage on Pico Blvd before highway dedication and 130' after 10 tenants and parking operator
Total Land Sq.Ft. (Before Hwy Dedication): 19,238 Total Land Sq.Ft. (After Hwy Dedication): 16,463
Year Built _____________________________ 1987 Zone _______________________________ LA M2 Land Use______________________Store Building Assessor's Parcel Number _________5133-011-019 Current Retail Tenants ____________________ 11 Parking Stalls_______________________ 3 Levels
Asking price reduced to $9,750,000
$245,110 annual net operating income — 2.5% actual cap rate Just blocks from the Los Angeles Convention Center, Staples Center and LA Live — Easy acess to all Downtown Los Angeles freeways
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Parking availability is becoming very scarce in Downtown Los Angeles; the three levels of parking on this site is extremely valuable!
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Many new developments in immediate neighborhood and South Park District Located in Opportunity Zone (tax benefits; please verify) High TOC Tier 3 designation
- Aerial Photo
- Assessor's Plat Map
2018 DTLA Market Report (4th Quarter)
Downtown Los Angeles
Development Projects Near L.A.-Pico Plaza
THE PROJECT AT PICO
The six-acre South Park development from Mack Urban and AECOM Capital is a 7-story, 362-unit apartment complex bordered by Pico Blvd, Olive and Hill streets. Residences will average approximately 761 sq.ft., and there will be 438 subterranean parking stalls and 4,000 sq.ft. of retail space.
FOREST CITY/SOUTH PARK PROJECT Developer Forest City has completed excavation for a 7-story building at 1200 S. Broadway. The structure will contain 214 studio to two-bedroom units above 7,500 sq.ft. of retail. Amenities will include a
pool, spa, outdoor deck, fitness centers,
barbeques, lounges and work spaces.
1148 SOUTH BROADWAY
1148 South Broadway is a mixed-use development slated for a half-acre parking lot at the northeast corner of Broadway and 12th Street, and would include more than 50 residential units. The site was purchased in 2000.
South Park Development Projects
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Oceanwide Plaza: Figueroa St., Between 11th St. & 12th St. Developer: Oceanwide / Under Construction
Circa: 1200 Figueroa St. Developer: Jamison & Hankey Group / Under Construction
1400 Figueroa Apartments: 1400 Figueroa St. Developer: DHG / Anticipated Development
1501 S. Hill St.: 1501 Hill St. Developer: Jade Enterprises / Anticipated Development
Onyx Project (East): Pico Blvd. & Hope St. Developer: Jade Enterprises / Under Construction
Onyx Project (West): Flower St. & Hope St. Developer: Jade Enterprises / Anticipated Development
1212 Flower St.: 12th St. & Hope St. Developer: Onni Group / Anticipated Development
Hope St. Apartments: Hope St., Between 11th St. & 12th St. Entitled Condo/Mixed-Use / Anticipated Development
1000 Grand Apartments: 1000 Grand Ave. Developer: Hanover Company / Under Construction
10 TEN50: 1050 Grand Ave.
Developer: Trumark Urban / Under Construction
11 Grand Highrise: 12th St. & Grand Ave. (NE Corner)
Developer: Mack Urban / Anticipated Development
12 12th & Grand Apartments: 1200 Grand Ave.
Developer: Wolff/Astani / Under Construction
13 Proposed Condos: 1201 Grand Ave.
Developer: Shenglong Group / Anticipated Development
14 E. on Grand: 1249 Grand Ave.
Developer: 4D Development / Under Construction
15 916 Georgia St.: 916 Georgia St.
Developer: TRG / Anticipated Development
16 J.W. Marriott Expansion: Olympic Blvd & Georgia St.
Developer: AEG / Anticipated Development
17 Car Wash Development: 811 Olympic Blvd.
Developer: Neman / Anticipated Development
18 APEX II: 900 Figueroa St.
Developer: Holland Partner Grp / Anticipated Development
19 Luxe Development: 1020 Figueroa St.
Developer: Shenzhen Hazens RE Group / Anticipated
20 Pico and Figueroa Boutique Hotel: Pico Blvd. & Figueroa St.
Developer: City / Anticipated Development
21 1130 Hope St. Boutique Hotel: 1130 Hope St.
Developer: BIMHF / Anticipated Development
22 Desmond Building: 11th St. & Hope St.
Developer: Lincoln Properties / Under Construction
23 Los Angeles Streetcar: Downtown Los Angeles
Developer: City / Anticipated Development
24 My Figueroa Streetscape Project: 11th St. & Figueroa St.
Developer: City / Anticipated Development
South Park Development Projects
25 L.A. Convention Center Expansion: 1201 Figueroa St.
Developer: City / Anticipated Development
SOUTH PARK II PROJECTS
38 1001 Olive Apartments: 1001 Olive St.
Developer: Lennar / Under Construction
39 Future Development: 1045 Olive St.
Developer: Crescent Heights / Anticipated Development
40 Olive Ave Project: 11th St. & Olive St.
Developer: Mack Urban / Under Construction
41 Mixed Use Project: 11th St. & Hill St.
Developer: Forest City / Anticipated Development
42 Herald Examiner: 1111 Broadway
Developer: Hearst Corporation / Anticipated Development
43 Case Hotel: 1106 Broadway
Developer: Kor Group / Alma / Under Construction
44 Pico & Olive: 1243 Olive St.
Developer: Wolff/Astani / Under Construction
45 Pico Project: 12th St. & Pico St.
Developer: Mack Urban / Under Construction
SOUTH PARK ADJACENT PROJECTS
26 Metropolis: 9th St. & Francisco St.
Developer: Greenland / Under Construction
27 Wilshire Grand Hotel: 930 Wilshire Blvd.
Developer: Korean Air / Under Construction
28 The Bloc: 700 Flower St.
Developer: The Ratkovich Company / Under Construction
29 888 South Hope: 888 Hope St.
Developer: CIM / Under Construction
30 G8 Mixed Use: 8th St. & Grand Ave.
Developer: Carmel Partners / Under Construction
31 801 Olive Apartments: 801 Olive St.
Developer: Carmel Partners / Under Construction
32 Freehand Hotel: 416 8th St.
Developer: Sydell Group / Anticipated Development
33 820 Olive St.: 820 Olive St.
Developer: Onni Group / Anticipated Development
34 Onni Tower: 9th St. & Olive St.
Developer: Onni Group / Under Construction
35 Olympic/Olive Apartments: Olympic Ave. & Olive St.
Developer: Hanover Company / Under Construction
36 Hill Street Lofts: 916 Hill St.
Developer: Barry Shy / Anticipated Development
37 Broadway Palace: 9th St. & Broadway
Developer: Palmer / Under Construction
Downtown Los Angeles Demographics
1307-1309 S Los Angeles Street, Los Angeles, CA 90015
FOR MORE INFORMATION, PLEASE
- Bradley A Luster
- Mark D Silverman
- President
- Senior Associate
L.A.-PICO
213.747.4154
BRE #01913803
213.747.0379
BRE #01310992
REAL ESTATE
Commercial • Industrial • Residential
PLAZA
CONTACT:
The information contained herein is furnished by sources we deem reliable, but for which we assume no liability. It is given in confidence and with the understanding that all negotiations pertaining to the property be handled through the listing office. All measurements are approximate.