1306-1310 Owner-User Opportunity for Sale Wilshire Boulevard Los Angeles, Ca 90017

1306-1310 OWNER-USER OPPORTUNITY FOR SALE WILSHIRE BOULEVARD LOS ANGELES, CA 90017

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1306-10 Wilshire Boulevard provides an excellent owner-user purchase opportunity for any business or organization that requires a Downtown Los Angeles presence in a free- standing building. The property is located in the quickly-gentrifying area of Central City West, within walking distance to the Central Business District of Downtown Los Angeles. The immediate area around the property features over a dozen new national retail tenants, hundreds of new apartments and condominiums, additional residential developments in planning or under construction, and a new 197,000 square foot medical pavilion at Good Samaritan Hospital directly across Wilshire Boulevard.

Over the past several years, many of the smaller office buildings along the Wilshire Corridor and other major arteries have been redeveloped into larger residential developments, creating more demand for property on the Boulevard, and a scarcity for smaller user buildings. Because the cost to replace these buildings doesn’t justify the market value, this redevelopment trend is expected to continue, creating long-term value for buyers of this property type. 1306-10 Wilshire Boulevard is being offered for sale at approximately 33% below replacement cost.

Due to the various entry points to the building, it can be divided for as many as three tenants of approximately 2,100 sf each. There are eight single secured parking spaces behind the building, with the ability to float three additional cars in the lot with an attendant. The building exterior features many windows on all sides of the building, which provide a tremendous amount of natural light to the interior work spaces. The interior is finished with multiple offices, meeting rooms, restrooms, kitchen and open work areas; suitable for a wide variety of office uses.

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 2 PROPERTY OVERVIEW

1306 – 1310 Wilshire Boulevard Los Angeles, CA 90017

PROPERTY INFO

› Sale Price $ 2,950,000

› Owner-user opportunity › Building Size: 6,337 SF

› Lot Size : 5,739 SF

› Year built 1940

› 8 secured parking spaces

› LACW zoning › Parcel # 5143-014-003

PROPERTY HIGHLIGHTS

› Major thoroughfare to Downtown with visibility and signage on Wilshire › Immediate access to 110, 101 and 10 freeway › Adjacent to Downtown, Central Los Angeles, Mid-Wilshire, and Westlake › Surrounded by restaurants, shopping and residential › Near bus lines and Metro rail stations › Walk Score® Walker’s Paradise (94) › Transit Score® Rider’s Paradise (91)

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 3 PROPERTY AERIAL & PHOTOS

INGRAHAM ST.

WITMER STREET

WILSHIRE BLVD.

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 4 PROPERTY PHOTOS

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 5 PROPERTY PHOTOS

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 6 FIRST FLOOR - FLOORPLAN

EXIT

WILSHIRE BOULEVARD

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 7 SECOND FLOOR - FLOORPLAN

WILSHIRE BOULEVARD

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 8 LOWER FLOOR - FLOORPLAN

WILSHIRE BOULEVARD

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 9 CENTRAL CITY WEST • High Density • Walkable Community • TransitOriented

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 10 NEARBY RETAILERS & DEMOGRAPHICS DEMOGRAPHICS MAP

Downtown L.A. POPULATION 1 MILE 3 MILES 5 MILES Total population 89,500 553,997 1,215,678 Median age 29.7 32.0 32.0 Median age (male) 29.3 31.5 31.0 Median age (Female) 30.2 32.8 33.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 31,306 187,221 395,566 # of persons per HH 2.9 3.0 3.1 Average HH income $36,909 $43,131 $49,870

Average house value $528,110 $585,149 $572,306 7th Street 7th ETHNICITY (%) 1 MILE 3 MILES 5 MILES

Walk Score Hispanic 75.5% 61.1% 62.3% 94 RACE (%) On major White 36.6% 34.9% 36.2% Wilshire Bvd. 18,550 Black 4.9% 6.8% 9.6% Cars Per Day Valencia Street Asian 12.8% 20.2% 14.9% Hawaiian 0.3% 0.3% 0.2% American Indian 1.8% 0.7% 0.6% Other 42.6% 35.2% 36.6%

* Demographic data derived from 2010 US Census

Wilshire Boulevard

www.charlesdunn.com 1306-1310 Wilshire Boulevard, Los Angeles, CA 90017 1 1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 charlesdunn.com 11 DE V EL OPMEN T M AP

CITY CENTER WEST RESIDENTIAL DEVELOPMENT MAP MULTIFAMILY DEVELOPMENTS | PROPOSED No where in Los Angeles has there been more development activity per square ADDRESS UNITS ADDRESS UNITS mile in the last decade than City Center West. 1. 1345 W 1st St 102 14. 1320 W Court St 60 2. 1435 W 3rd St 122 15. 1346 W Court St 43 12 3. 1111 W 6th St 369 16. 481 Hartford Ave 218 6 23 4. 1237 W 7th St 304 17. 740 Hartford Ave 80 5. 1247 W 7th St 304 18. 459 S Hartfod Ave 100 6. 1301-1307 W 7th St 76 19. 1018 W Ingraham St 37 20 7. 1512 W 7th St 216 20. 340 N Patton St 44 7 8. 675 S Bixel St 422 21. 1000 W Temple St 1,446 15 9. 1532-1536 Cambria St 40 22. 1100 W Temple St 54 10 14 2 10. 1363 Colton St 40 23. 1614-1626 W Temple St 55 8 12 13 22 11. 1301 W Colton St 29 24. 1027 Wilshire Blvd 376 11 1 1 12. 1315 W Colton St 60 25. 1515 Wilshire Blvd 50 21 13. 1246-1256 W Court St 54 1 TOTAL UNITS: 4,701 5 23 2 MULTIFAMILY DEVELOPMENTS | COMPLETED *Recently Renovated Year 13 18 9 ADDRESS UNITS BUILT ADDRESS UNITS BUILT 16 10 1. 1304 W 2nd St 275 2008 14. 1352 S Union Ave 41 2009 2. 1106 W 6th St 606 2017 15. 1050 Wilshire Blvd 195 2008 17 22 3. 1136 W 6th St 42 2015 16. 1111 Wilshire Blvd 210 2013 3 3 4. 1331 W 7th St 87 2017 17. 1515 Wilshire Blvd 218 2016 25 2 21 18 H 5. 138 N Beaudry Ave 210 2008 18. 1234 Wilshire Blvd 197 2006 4 16 6. 333 Belmont Ave 69 2017 19. 609-616 St. Paul Ave 825 2013 7 6 19 9 5 5 24 24 7. 301-307 Douglas St 4 2016 20. 722-725 South Bixel St 632 2002 4 15 17 4 8 25 8. 153 Glendale Blvd 45 2013 21. 1419 W 7th St 87 2017 19 3 20 9. 458 Hartford Ave 75 2010 22. 1311 W 5th St 80 2007 26 10. 431 Lucas Ave 18 2010 23. 1901 W 6th St 52 2016 11. 1521 W Pico Blvd 56 2011 24. 1100 Wilshire Blvd 228 2005* 12. 1647 W Temple St 49 2015 25. 1010 Wilshire Blvd 210 2000* 13. 420 Union Dr 21 2008 26. 750 Garland Ave 325 2005*

TOTAL UNITS: 4,857

11 MULTIFAMILY DEVELOPMENTS | UNDER CONSTRUCTION

14 ADDRESS UNITS BUILT 1. 1416 W Beverly Blvd 124 2018 4. 1110 Ingraham St 330 2019 2. 327 N Boylston St 121 2018 5. 1135-1145 W 7th St 241 2019 3. 742-744 Hartford Ave 24 2018 H Good Samaritan Hospital Development Expansion, completed in 2017 TOTAL UNITS: 840

1306-1310 WILSHIRE BOULEVARD | LOS ANGELES, CA 90017 charlesdunn.com 12