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404-414 SOUTH LOS ANGELES Los Angeles, California 90013 404-414 SOUTH LOS ANGELES Los Angeles, California 90013 34,500 SF Two Contiguous Buildings Downtown Los Angeles Toy District Exclusively Listed By MIKE MALICK CAROL SONG HARRISON WAMBULU First Vice President/Senior Director Office & Industrial Specialist Office & Industrial Specialist 213.943.1910 213.943.1853 213.943.1785 [email protected] [email protected] [email protected] License: CA 0167781 License: CA 01348993 License: CA 02052352 Table of Contents Confidentiality & Conditions The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent Investment Overview of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, 5 unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for Location Overview a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the 10 subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. 3 404-414 South Los Angeles Street Los Angeles, CA 90013 Investment Summary Marcus & Millichap is pleased to present for sale 404-414 South Investment Los Angeles Street located in the Toy District of Downtown Los Angeles. The offering consists of two contiguous buildings Highlights measuring approximately 34,500 square feet that are situated on two parcels of land measuring approximately 13,800 square feet. Both buildings were constructed in 1904, each of the buildings ♦ Two Contiguous Properties have a freight elevator, air-conditioning, and fire supression sprinkler system. The ground floor of each building are leased to ♦ Prime Toy District Location small retailers, while the bassement and upper floors are rented ♦ Excellent Owner-User of Value-Add Opportunity to warehouse/storage users. All leases are month-to-month. The buildings have prominent street frontage along Los Angeles ♦ Located in an Opportunity Zone Street while the rear of the buidlings open up to a vibrant street ♦ Long-Term Month-to-Month Tenants market in the alley behind the property. ♦ Walking Distance to Numerous Restaurants, Bars and Art Galleries The offering is located in DTLA’s bustling Toy District and is conveniently situated within close proximity to the Historic Core, ♦ Close Proximity to Little Tokyo and the Arts District Little Tokyo and the Arts District. Several major freeways service ♦ Quick Access to Major Freeways: 5, 10, 101 the property including Interstate 5, 10, 110 and 101. 5 Property Details Address: 404-414 South Los Angeles Street Los Angeles, California 90013 Sale Price: $8,000,000 Price Per SF: $231.88 Building Size: 34,500 SF Land Size: 13,799 SF (0.32 AC) APN: 5148-007-002 & 5148-007-003 Type of Ownership: Fee Simple Zoning: LAC2-2D Construction Type: Masonry Elevators: Two Freight Restrooms: Ten Frontage: 95’ on Los Angeles Street Year Built: 1904 7 LOS ANGELES STREET 9 Amenities AMENITIES MAP DINING & NIGHLIFE RETAIL 1 Cafe Caracas 1 CVS Pharmacy 2 Redline Bar 2 Ross MARKET DRIVERS 3 Las Perlas 3 Burlington 4 Nickel Diner 4 The Last Bookstore ► Walking distance to Historic Core, Little Tokyo & Arts District 5 The King Eddy 5 Sprint ► The Los Angeles Theatre Center 6 The Lash 6 Grand Central Market ► 10, 101, 110, 5 Freeways 7 KazuNori 7 T-Mobile 8 Baco Mercat 9 Bar Ama ENTERTAINMENT & HOSPITALITY 10 Le Petit Paris 1 Double Tree Hotel 11 Buzz Wine Beer Bottleshop & Bar 2 Little Tokyo 12 The Down and Out AREA AMENITIES 3 Art Walk 13 Little Easy 4 Regent Theater 14 Perch ► Numerous Retail and Restaurant Venues, 5 Los Angeles Theatre Center 15 Starbucks Within Walking Distance 6 The Los Angeles Athletic Club Hotel ► Nearby are Hotels, Banks, Library, Jewelry Stores 16 Coco Fresh Tea & Juice 7 13 Millennium Biltmore Hotel ► Pershing Square Station (Metro Red & Purple Line) 17 Pitchoun 8 OUE Skyspace L.A. 18 Tender Greens 9 Westin Bonaventure Hotel 19 Guisados 10 Omni Los Angeles Hotel 20 D-Town Burger Bar 21 Starbucks 22 Maccheroni Republic 23 The Edison 9 10 8 7 22 6 1 22 7 2 14 16 15 3 17 18 5 10 9 4 7 8 13 11 12 6 4 5 SUBJECT 6 19 20 5 4 3 21 11 1 2 1 3 2 13 404-414 SOUTH LOS ANGELES STREET Los Angeles, California 90013vely Listed By MIKE MALICK First Vice President Investments/Senior Director 213.943.1910 [email protected] License: CA 0167781 CAROL SONG Office & Industrial Specialist 213.943.1853 [email protected] License: CA 01348993 HARRISON WAMBULU Office & Industrial Specialist 213.943.1784 [email protected] License: CA 012052352 Disclaimer The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved..
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