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Document.Pdf 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 u Prime Downtown Los Angeles Fashion District commercial corner location Total Building Sq.Ft. (Per Manager): 63,343± u 143' frontage on Los Angeles St before highway dedication and 128' after Total Land Sq.Ft. (Before Hwy Dedication): 19,238± u 135' frontage on Pico Blvd before highway dedication and 130' after Total Land Sq.Ft. (After Hwy Dedication): 16,463± u 10 tenants and parking operator u Year Built _____________________________ 1987 $245,110 annual net operating income — 2.5% actual cap rate u Zone _______________________________ LA M2 Just blocks from the Los Angeles Convention Center, Staples Center and LA Live — Easy acess to all Downtown Los Angeles freeways Land Use______________________Store Building u Parking availability is becoming very scarce in Downtown Los Angeles; Assessor's Parcel Number _________5133-011-019 the three levels of parking on this site is extremely valuable! u Current Retail Tenants ____________________ 11 Many new developments in immediate neighborhood and South Park District u Located in Opportunity Zone (tax benefits; please verify) Parking Stalls _______________________ 3 Levels u High TOC Tier 3 designation Asking price reduced to $9,750,000 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 1 Oceanwide Plaza: Figueroa St., Between 11th St. & 12th St. Developer: Oceanwide / Under Construction 2 Circa: 1200 Figueroa St. Developer: Jamison & Hankey Group / Under Construction 3 1400 Figueroa Apartments: 1400 Figueroa St. Developer: DHG / Anticipated Development 4 1501 S. Hill St.: 1501 Hill St. Developer: Jade Enterprises / Anticipated Development 5 Onyx Project (East): Pico Blvd. & Hope St. Developer: Jade Enterprises / Under Construction 6 Onyx Project (West): Flower St. & Hope St. Developer: Jade Enterprises / Anticipated Development 7 1212 Flower St.: 12th St. & Hope St. Developer: Onni Group / Anticipated Development 8 Hope St. Apartments: Hope St., Between 11th St. & 12th St. Entitled Condo/Mixed-Use / Anticipated Development 9 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 Bradley A Luster Mark D Silverman President Senior Associate INFORMATION, L.A.-PICO 213.747.4154 213.747.0379 PLEASE [email protected] [email protected] REAL ESTATE PLAZA CONTACT: BRE #01913803 BRE #01310992 Commercial • Industrial • Residential 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..
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