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INVESTMENT / OWNER-USER OPPORTUNITY MARKETING BROCHURE DOWNTOWN LOS ANGELES ARTS DISTRICT WWW.LAREALTYPARTNERS.COM 2018 E. 8 TH STREET, LOS ANGELES, CA

DOWNTOWN LOS ANGELES ARTS DISTRICT...District area of Downtown Los Angeles, home to some of the top creative companies in Los Angeles, with world-class amenities, restaurants and specialty

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Page 1: DOWNTOWN LOS ANGELES ARTS DISTRICT...District area of Downtown Los Angeles, home to some of the top creative companies in Los Angeles, with world-class amenities, restaurants and specialty

INVESTMENT / OWNER-USER OPPORTUNITYMARKETING BROCHURE

DOWNTOWN LOS ANGELESARTS DISTRICT

WWW.LAREALTYPARTNERS .COM

2018 E. 8TH STREET, LOS ANGELES, CA

Page 2: DOWNTOWN LOS ANGELES ARTS DISTRICT...District area of Downtown Los Angeles, home to some of the top creative companies in Los Angeles, with world-class amenities, restaurants and specialty

PROPERTY OVERVIEW2017 E. 8TH STREET (“Property”) is a an existing warehouse buildingof approximately 23,486 rentable square feet, located in the ArtsDistrict area of Downtown Los Angeles, home to some of the topcreative companies in Los Angeles, with world-class amenities,restaurants and specialty cafes. This area is seeing interest from alarge concentration of tenancy in media, technology, culinary,architecture and creative companies.

The Property is situated on approximately 1.32 acres of land.

The Property is owner-occupied, and provides an excellent opportunityan investment or to upgrade to a creative build-out to achieve marketrental rates.

The Property is prominently located at the corner of 8th Street andLawrence Street. Immediately across the street from the LA Timesfacility.

This area is rich in entertainment, digital and print media, E-commerce,advertising, transportation and other technology firms.

SITE DESCRIPTIONLOCATION: Located within the Arts District area of Downtown LA

ADDRESS: 2017 E. 8th Street, Los Angeles, CA 90021

ACCESS: Vehicular access via Lawrence Street currently, howeverthere is already an existing curb exit on 8th Street with an existing gate

ZONING: M3-1-RIO (creative office permitted by right, can build up to85,000 SF structure; buyer to verify)

APN: Four parcels: 5156-029-028, 5166-029-029, 5166-029-032 and5166-029-034

LOT SIZE: ±1.32 acres (57,613 square feet)

YEAR BUILT: 1993

PROPERTY SUMMARY

Page 3: DOWNTOWN LOS ANGELES ARTS DISTRICT...District area of Downtown Los Angeles, home to some of the top creative companies in Los Angeles, with world-class amenities, restaurants and specialty

I-10 FREEWAY

LAWRENCE ST.

E. 8TH ST.

PROPERTY AERIAL

Page 4: DOWNTOWN LOS ANGELES ARTS DISTRICT...District area of Downtown Los Angeles, home to some of the top creative companies in Los Angeles, with world-class amenities, restaurants and specialty

FLOOR PLAN

8TH STREET

LAWREN

CE STREET

FLOOR PLAN / PROJECT PHOTOS

Page 5: DOWNTOWN LOS ANGELES ARTS DISTRICT...District area of Downtown Los Angeles, home to some of the top creative companies in Los Angeles, with world-class amenities, restaurants and specialty

SUBJECT SITE INFORMATIONThe subject site is rectangular-shaped and consists of 22 lots at thenortheast corner of S. Lawrence Street and E. 8th Street, including twolots comprised of a vacated alley with frontage on S. Lawrence Street.The vacated alley runs north of the subject site, measuring 15 feet wideand is gated at the S. Lawrence Street frontage2. These lots comprisefour separate tax parcels, including APN 5166-029-028, 5166-029-29,5166-029-032, and 5166-029-034, with a total lot area of approximately57,613.6 square feet.

The subject site is located in Council District 14 (represented byCouncilmember Jose Huizar) and is within the Downtown Los AngelesNeighborhood Council area. It is also located in the Central CityRevitalization Zone, and the East Los Angeles State Enterprise Zone.(Please refer to “Exhibit A” for provisions relating to the Central CityRevitalization Zone and the East Los Angeles State Enterprise Zone).

ZONING & LAND USE OVERVIEW

The subject site is located in the Central City North Community Plan area and is withinthe M3-1-RIO Zone. All of the lots comprising the subject site have a General Plan LandUse designation of Heavy Manufacturing. The M3 Zone is a heavy industrial zone thatallows for the highest intensity of industrial uses, including various manufacturing uses(including alcohol, concrete, and asphalt), freight yards, mills, and fabrication plants.Residential uses with either dwelling units or guest rooms are prohibited in the M3Zone3. The -1 designation refers to the applicable Height District, which restricts themaximum floor area ratio (FAR) to 1.5:1 (one and one-half times the buildable area of thelot). The RIO designation refers to the recently approved River Improvement Overlay,which imposes new guidelines for properties within 2,500 feet of the Los Angeles River.The subject site is approximately 2,900 feet from the River (exact distance to beconfirmed).

Based on a total lot area of 57,613.6 square feet, the maximum allowable FAR in the M3-1-RIO Zone the subject site has the “by-right”4 potential to be developed with up toapproximately 86,420.4 square feet of floor area. The existing building at the subject siteis approximately 23,486.0 square feet, based on Assessor’s information accessedthrough ZIMAS.

Page 6: DOWNTOWN LOS ANGELES ARTS DISTRICT...District area of Downtown Los Angeles, home to some of the top creative companies in Los Angeles, with world-class amenities, restaurants and specialty

EXCLUSIVE ADVISORS:

CHRIS HOUGEPRINCIPAL(310) [email protected]

© 2018 L.A. Realty Partners. DRE Lic. #01434161. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified itand make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions orestimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which shouldbe evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitabilityof the property for your needs.

2029 CENTURY PARK EAST y SUITE 515 y LOS ANGELES, CA 90067w w w . l a r e a l t y p a r t n e r s . c o m

2018 E. 8TH STREETLOS ANGELES, CALIFORNIA

OWEN FILETISENIOR EXECUTIVE DIRECTOR(310) [email protected]