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Los Angeles Street 623-627 Los Angeles Street

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Los Angeles Street 623-627 Los Angeles Street 623-627 LOS ANGELES STREET 623-627 LOS ANGELES STREET 623-627 Los Angeles Street offers an unprecedented opportunity to purchase a stunning multi-story building in the Historic Core of Downtown Los Angeles. The subtle Art Deco facade is a compelling contrast to the breathtaking interior spaces - all four stories have dramatic high ceilings and incredible natural light flooding in from three window lines. Vintage touches, concrete floors, and a modern urban layout combine to create a highly sought-after energy in today’s market. The property is surrounded by high-end amenities and large-scale developments as the neighborhood continues to evolve and flourish. This impressive asset has great potential for a buyer to restore and revive its unique charm, and capitalize on the building momentum of Downtown Los Angeles. BUILDING LAND 36,086 SF 8,579 SF RICH HISTORY FOUR STORIES Stunning Art Deco facade and vintage 4 stories plus mezzanine and basement features are preserved with efficient floor plates ABUNDANT SUNLIGHT DRAMATIC CEILINGS Natural light fills the space from Ceiling heights range from windows on three sides of the building approximately 10’ to 25’ CONCRETE FLOORS IDEAL LOCATION Concrete floors keep noise between Property is surrounded by high-end floors to a minimum amenities and new developments Incredible potential BUILDING SIZE ±36,086 SF LAND SIZE ±8,579 SF STORIES Plus Mezz 4 and Basement FLOOR SIZE ±8,484 SF CLEAR HEIGHT Ranges 10’ - 25’ ELEVATOR YES YEAR BUILT 1910 CONSTRUCTION MASONRY ZONING C2 APN 5148-021-016 Site Plan NOT A PART UPPER UPPER FLOOR FLOOR ALLEY RR RR FREIGHT ELEVATOR RR NOT A PART NOT A PART 623-627 LOS ANGELES STREET LOS ANGELES STREET *NOT TO SCALE - For Discussion Purposes Only Stacking Plan FOURTH FLOOR 16’ CEILINGS THIRD FLOOR 11’ CEILINGS SECOND FLOOR 10’ CEILINGS MEZZANINE FIRST FLOOR 800 SF 25’ CEILINGS ALLEY LOS ANGELES STREET BASEMENT 1,350 SF *NOT TO SCALE - For Discussion Purposes Only Parcel Map 1 637 S Main Street 6 526 S Los Angeles Street Joe’s Auto Parks Paragon Parking 2 644 S Main Street 7 500 S Los Angeles Street ParkWhiz 3 629 S Los Angeles Street 8 212 E 7th Street PARKING Joe’s Auto Parks 4 208 E 6th Street 9 732 S Main Street SP+ Parking [email protected] 5 560 S Los Angeles Street 10 710 S Spring Street 6th & LA Wholesale Plaza Paragon Parking 7 5th Street Broadway Main Street 6 1 Los Angeles Street Spring Street 5 7th Street 2 623-627 10 3 4 6th Street 9 8th Street 8 DOWNTOWN LOS ANGELES, CALIFORNIA 80% $99,000 OF RESIDENTS WITH A MEDIAN HOUSEHOLD $28.5 BILLION COLLEGE DEGREE OR HIGHER INCOME OF RESIDENTS TOTAL INVESTMENT IN DOWNTOWN LA FROM 1999-2017 500k+ 70k+ WEEKDAY PEOPLE WHO POPULATION LIVE DOWNTOWN DISTRICTS OF CHINATOWN CIVIC DTLA CENTER FINANCIAL DISTRICT HISTORIC CORE LITTLE TOKYO LOS ANGELES RIVER ARTS 623-627 DISTRICT SOUTH PARK FASHION DISTRICT INDUSTRIAL DISTRICT DOWNTOWN LOS ANGELES With no shortage of beautiful buildings, cutting-edge art galleries, HISTORIC trendy bars, and gourmet restaurants, the Historic Core is where LA’s golden era CORE meets modern times The recent changes seen in the Historic Core of Downtown Los Angeles have been dramatic. The neighborhood now teems with high-priced apartments and restaurants with star chefs. The streets are lively day and night with residents and visitors flocking to bars and music venues. The growing trend of renovating historic buildings is helping to drive Downtown’s renaissance. Developers are transforming defunct theaters and empty buildings into boutique hotels, creative office space, high- end destination retail, and luxury residences. Retailers like Urban Outfitters, A.P.C., Jordan (Nike), and Apple have been creating a buzz in this exciting up-and-coming district of Downtown Los Angeles. Poppy + Rose The Standard Cento Pasta Bar Bottega Louie Verve Coffee Roasters Toastea AMENITIES Clifton’s Republic Bar Ama A.P. C. Modern Times Dankness Dojo The Last Bookstore KazuNori Skingraft 4th Street 27 30 Olive Street AMENITIES 1 28 5th Street Grand Ave Figueroa Street 29 26 MILLION DOLLAR theater 2 Restaurants Flower Street 1 BRADBURY 1 Grand Central Market 16 DTLA Ramen 25 BUILDING 3rd Street 2 Perch 17 Umami Burger Broadway 3 Bar Amá 18 Shekarchi 14 6th Street Broadway 4 KazuNori 19 The Stocking Frame 5 Bäco Mercat 20 Shake Shack 6 Cafe Caracas 21 Bottega Louie 13 Spring Street 3 2 7 Guisados 22 Sugarfish 8 Cole’s French Dip 23 Little Sister 24 PERSHING 3 9 Cento Pasta Bar 24 Tender Greens Main Street 10 Meatzilla 25 The Standard DTLA SQUARE Clifton’s Republic Chaya 7th Street 12 11 26 1 12 South City Fried Chicken 27 Drago Centro 4 5 13 Bronzed Aussie 28 Cafe Pinot 12 23 14 Poppy + Rose 29 71Above 22 15 Localita & The Badasserie 30 Pez Cantina 1 21 7 Regent Theater LOS ANGELES 4 Coffee theatre 2 1 Nice Coffee 7 No Ghost Bears 2 G&B Coffee 8 Verve Coffee Roasters Grand Ave 2 3 3 Coco Fresh Tea & Juice 9 ilCaffè PALACE 5th Street 6 Cognoscenti Coffee 11 4 Spring For Coffee 10 Theater 5 Tierra Mia Coffee 11 Andante Coffee 11 Olive Street 3 6 Hashtag Coffee & Tea 12 Toastea 11 4 8 10 5 4 5 9 20 Nightlife 9 5 GLOBE 10 theatre 1 The Lash 8 Broadway Bar 10 Broadway 6 2 The King Eddy 9 Modern Times 12 6 6th Street 3 Las Perlas 10 Golden Gopher Spring Street 623-627 4 Exchange LA 11 Ham & Eggs Tavern Tower 5 The Reserve 12 Karl Strauss Brewing Theater 6 6 Wendell 13 Library Bar 19 8 Main Street 13 18 9 7 7 Pattern Bar 14 Public School 17 8 9th Street 8 ORPHEUM theatre Theatre AT Los Angeles Street 7th Street Retail ACE HOTEL 15 1 The Last Bookstore 6 Skingraft 7 8th Street 7 2 Jordan Brand Flagship Store 7 Urban Outfitters Olympic Blvd 3 Whole Foods Market 8 A.P.C. 4 Gap Outlet 9 The Holy Grail 16 9 14 10 5 Footaction 10 Southern CA Flower Market San Pedro Street Park Perla 712 Olive Street SB Omega Fifth Tower 751 Spring citizenM Hotel Pettebone Building Main Tower Topaz Developments Spring Story Hotel Dearden’s Building Street Hotel Trust Building Grether & Grether Olympic Theatre 5th Street 1 4th Street 2 1 Developments 1 2 Grand Ave 5 3 6 1 Residential/Mixed Use 3 4 3 6th Street 1 Subway Terminal Building 13 SB Omega PERSHING 2 Park Fifth Midrise & Tower 14 Fashion District Residences SQUARE 2 7 3 5th and Hill Tower 15 Grether & Grether 4 Broadway Lofts 16 732 Spring 5 Perla 17 Corporation Building 2 Hellman Building 751 Spring 3 6 18 4 7 El Dorado Lofts 19 Garland Building 8 Main Tower 20 May Co. Building 5 8 9 Spring Street Apartments 21 Foreman & Clark Building 9 5th Street 10 Main St Future Development 22 Int’l Jewelry Mart 8 11 Topaz 23 Brooks Building Main Street Santa Fe Lofts Norton Building Olive Street Regent 12 24 24 theater Broadway Office 6 LOS ANGELES 4 theatre 22 1 437 Broadway 8 Parmalee Co. Building 2 Trust Building 9 Merritt Building 21 4 5 10 3 Pettebone Building 10 Dearden’s Building 7th Street 4 Broadway Arts Tower 11 Norton Building PALACE 23 5 537 Broadway 12 Merchant’s Exchange Building Theater 11 6 712 Olive Street 13 Mercantile Center Building 6 7 718 S Hill 14 Terminal Plaza Building 7 5 12 13 Los Angeles Street Retail & Parks 6 8 Spring Street 1 Broadway Mall 6 731 S Broadway 19 8 7 6th Street 2 Spring Street Park 7 Footaction Lounge GLOBE 7 3 Pershing Square Redesign 8 Olympic Theatre - COS 9 theatre 623-627 4 Nike/Jordan Flagship 9 Vans Flagship 17 5 Clifton’s Cafeteria 10 Urban Outfitters - Rialto 20 18 Tower 13 14 16 10 9 Theater Hotel 8th Street 12 10 Main Street 1 Hotel Clark 5 Hayward Manor Hotel 2 CitizenM Hotel 6 Spring Street Hotel 7th Street 3 419 Spring 7 Cecil Hotel ORPHEUM 11 theatre 15 14 4 Story Hotel 8 Nomad Hotel 1 5 121 E 6TH ST SANTA FE LOFTS 761 S BROADWAY MERRITT BUILDING SALE PRICE: SALE PRICE: $68,747,000 $24,000,000 PRICE PSF: PRICE PSF: $321.91 SALE $428.97 BUILDING: BUILDING: 213,560 SF 55,948 SF LAND: LAND: 30,056 SF 6,970 SF SALE DATE: SALE DATE: MARCH 2018 COMPARABLES OCTOBER 2016 2 NOTABLE RECENT SALE TRANSACTIONS 6 DEARDEN’S 718 S HILL ST IN THE IMMEDIATE AREA 700 S MAIN ST SALE PRICE: SALE PRICE: $14,000,000 $41,575,000 PRICE PSF: PRICE PSF: $303.27 $301.27 BUILDING: BUILDING: 51,055 SF 6th Street 138,000 SF LAND: LAND: 7,699 SF 4th Street 35,358 SF SALE DATE: SALE DATE: DECEMBER 2017 PERSHING DECEMBER 2017 SQUARE Broadway 5th Street 3 950 S BROADWAY 7 755 S LOS ANGELES ST SALE PRICE: SALE PRICE: $13,000,000 8 $23,273,000 4 PRICE PSF: Grand Ave PRICE PSF: Main Street $378.68 $286.616 BUILDING: BUILDING: 34,330 SF 2 81,200 SF Olive Street LAND: 8th Street 1 LAND: 4,511 SF 18,060 SF SALE DATE: Los Angeles Street SALE DATE: JANUARY 2018 5 DECEMBER 2017 Broadway 623-627 6th Street 4 612 S BROADWAY 6 8 447 S LOS ANGELES ST Spring Street SALE PRICE: 7th Street SALE PRICE: TBD 9th Street 7 $2,900,000 PRICE PSF: PRICE PSF: TBD $295.92 Main Street BUILDING: BUILDING: 68,962 SF 9,800 SF Olympic Blvd 3 LAND: 8th Street LAND: 9,689 SF 4,792 SF SALE DATE: Los Angeles Street SALE DATE: IN ESCROW MARCH 2018 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 ©2018 Cushman & Wakefield.
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