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PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY 1900-1908 E 7TH PLACE DOWNTOWN LOS ANGELES, CA | 90021 EON I. LEW

PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

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Page 1: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACEDOWNTOWN LOS ANGELES, CA | 90021

EON I. LEW

Page 2: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

District Realty Group, as Exclusive Broker, is pleased to present 1900-1908 E 7th Place, two (2) adjacent recently renovated warehouses in Downtown LA's booming Arts District. The Subject Properties are

conducive to numerous desirable uses and are located just 1.5 blocks away from the Warner Music Building, a completed 254,000 SF project with fully occupied creative office and new exciting retail, a game-changer for the area’s landscape. The Property totals approximately 24,580 SF split into two adjacent buildings, one

consisting of approximately 13,380 SF (1900/1904 E 7th Pl.) and the other, 11,200 SF (1908 E 7th Pl).

7th Place is quickly becoming a highly desirable, walkable street with retail, creative office, and an immersive theater (full liquor) arriving this year (3 buildings away). The Property was substantially renovated

with new HVAC, a new roof, ADA bathrooms, freight elevator, upgraded electrical, and much more.

Page 3: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

ASKING PRICESubmit Offer

APN5166-017-008, 009

ADDRESSES1900 /1904 + 1908 East 7th Place

BUILDING SIZE1900/1904 East 7th: 13,380 SF (Includes 3,230 SF Mezzanine)

1908 East 7th: 11,200 SF (5,600 SF on each floor)

Total: 24,580 SF +/-

LOT SIZE15,900 SF +/-

ZONINGM3

MAJOR WORK COMPLETED1900/1904 East 7th: Rebuilt in 1990-19911908 East 7th: Complete Retrofit in 1990-1991

CEILING HEIGHTSClear Height Up To 23 Feet

EARTHQUAKE RETROFITBoth Buildings Completed in 1990-1991Blueprints and Permits Available Upon Request*All dimensions are approximate and independently verified.

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE

PROPERTY SPECIFICATIONS

Page 4: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

POWER1900/1904 E 7th: 800 Amps / 220 Volt, 3 Phase, 4 Wire w/ 480V Step Up Transformer1908 E 7th: 3x200 Amps, 3 Phase + Single Phase 220 Volt, 3 Phase, One 460V Step Up Transformer

FREIGHT ELEVATOR1908 E 7th: 2,500 LB Limit

HVAC1908 E 7th Ground Flr: 2 Mini Splits 2nd Floor: 10 Ton Unit1900/1904 E 7th: 9 Mini Splits 1 and 2 Tons EachRoof Ventilator W/ Automatic Shut Off Dampers

ROLL UP DOORS1900/1904 E 7th: 2x20’ High Power Roll Up Doors In Front and Rear, 2nd 10’ Roll Up Door (Front)14’ Power Roll Up Door (Side)

1908 E 7th: 2 Roll Up Doors (Front and Rear)

LIGHTINGNew LEDs Throughout

ROOF New Roof Installed in 2019

BATHROOMS8 Newly Renovated ADA Compliant Bathrooms1 Newly Renovated Full Bathroom W/ Tub & Shower1 Staff Bathroom/Mop Room

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE

TECHNICAL SPECS

Page 5: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

● Highly Desirable Arts District Location (Walking Distance To Warner Music, Bestia, Everson Royce, Everson Royce/Silver Lake Wine )

● Ideal For Creative Office, Retail, Gallery, and Other Creative Industrial Uses

● Located In An Opportunity Zone

● Central to Numerous Amenities, Restaurants, Entertainment, Retail, and much more.

● Convenient Freeway Access

● Rear Yard / 10 Car Parking Lot + Free Parking In Front

● Brand New Roof (February 2019)

● Retrofitted in 1988

● Buildings Offer Common Access To One Another Via Second Floor

● OVer 8 Private Offices & Lab Rooms

● Can Be Delivered Vacant

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE

FEATURES AND HIGHLIGHTS

Page 6: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 E 7TH PLACE (GROUND FLOOR, MEZZANINE, OFFICE, BATHROOM)

Page 7: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 E 7TH PLACE GROUND FLOOR

Page 8: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 E 7TH PLACE GROUND FLOOR

Page 9: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 E 7TH PLACE PARKING LOT/YARD AREA

Page 10: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 E 7TH PLACE MEZZANINE FACING 1908 E 7TH PL

Page 11: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 E 7TH PLACE MEZZANINE PRIVATE OFFICE

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1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 E 7TH PLACE FLOOR PLAN

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1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE (INTERIOR)

Page 14: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE 2ND FLOOR INTERIOR

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1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE 2ND FLOOR FACING 7TH PLACE

Page 16: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE FULL BATHROOM

Page 17: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE PRECONFIGURED PRIVATE OFFICES

Page 18: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE PRIVATE OFFICE / LAB

Page 19: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE FREIGHT ELEVATOR

Page 20: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

BA

BA

BATHROOMS

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1908 E 7TH PLACE FLOOR PLAN (NOT AS CURRENTLY BUILT)

Page 21: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

PHOTOS BY WONHO FRANK LEE

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE PARCEL MAP

Page 22: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

“The area's resurgence largely began with Warner Music Group, which signed a lease three years ago to move from Burbank to 257,000 square feet at the former Ford building at 777 S. Santa Fe Ave. That lease was the largest office lease in Los Angeles in several years when it was signed in 2016, according to CoStar Market Analytics. After that, Spotify signed a 10-year lease to move into 110,000 square feet in the At Mateo development nearby. Other companies that have moved or announced plans to open offices in the Arts District in recent months are helping to attract even more businesses to the area. [Recently, Warner Music Group went ahead to purchase the Ford building and an adjacent property at a well above market price per square foot].

Recently, Honey announced plans to take up all 130,000 square feet of the refurbished Fourth and Traction building, at 963 E. Fourth St., which was originally built by the Coca-Cola company. The company is scheduled to begin its move in June of this year. TubeScience, which creates video ads for use on social media platforms, is significantly expanding into 103,796 square feet at 655 S. Santa Fe Ave., a two-story flex facility on a 2.3-acre lot owned by the Park family of backpack and bag company Everest Trading Corp”. -Costar Group

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE AREA GROWTH

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INTERIOR BAR VIEW

PROVIDED BY DOWNTOWN CENTER BID

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE ARTS DISTRICT - PROJECT UNDER CONSTRUCTION

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320 Units

BISCUIT LOFTS104 Units

FUTURE BAR/THEATER

TOY LOFTS119 Units

AVA ARTS DISTRICT475 Units

6AM1,736 Units/Mixed UseINDUSTRIAL

360 Units

FACTORY PLACE ARTS COMPLEX

40 Units/Mixed Use

SUBJECT PROPERTY

FIREHOUSE HOTEL

WALNUT GROWERS BLDG

57 UNITS1800 E 7th122 Units

50 Room Hotel + Restaurant

22 Units

INTERIOR BAR VIEW

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE NEARBY NOTABLE DEVELOPMENTS & AMENITIES

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SUBJECT PROPERTY

BARS + BREWERIES + DISTILLERIES1. GREEN DISTILLERY2. OUR/LOS ANGELES VODKA3. TONY’S SALOON4. SILVER LAKE WINE5. EVERSON ROYCE BAR6. POUR HAUS WINE BAR7. IRON TRIANGLE BREWERY8. FLASK AND FIELD9. THE SPIRIT GUILD

RESTAURANTS + CAFES1. THE PORTER JUNCTION CAFE2. STEVEN’S DELI3. MARU COFFEE4. STUMPTOWN COFFEE ROASTERS5. COSME LA6. BESTIA7. BREADLOUNGE8. GUERILLA TACOS9. PIZZANISTA

10. CHURCH & STATE11. DAILY DOSE12. LITTLE BEAR13. URBAN RADISH14. BLUE BOTTLE COFFEE15. SIXTH+MILL16. OFFICINE BRERA17. FACTORY KITCHEN18. TARTINE MANUFACTORY19. PARAMOUNT COFFEE PROJECT

RETAIL + MUSEUMS1. ROLLING GREENS2. UPTOWN PUP3. BASE COAT NAIL SALON4. ARCH THE5. COMMONWEALTH6. THE HOUSE OF MACHINES7. WEPLAY LIVE8. TWOBIT CIRCUS9. DOVER STREET MARKET

10. ICA LA11. BODEGA12. MISSION WORKSHOP

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE NEARBY AMENITIES

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INTERIOR BAR VIEW

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 2018 DTLA SURVEY

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INTERIOR BAR VIEW

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900/1904 & 1908 E 7TH PLACE - ZIMAS PROFILE REPORT

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INTERIOR BAR VIEW

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900 E 7TH PLACE - ZIMAS PROFILE REPORT (CONTINUED)

Page 29: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

INTERIOR BAR VIEW

1900-1908 E 7TH PLACE | ARTS DISTRICT DTLAFOR SALE 24,580 SF OF CREATIVE WAREHOUSE SPACE 1900 E 7TH PLACE - ZIMAS PROFILE REPORT (CONTINUED)

Page 30: PRIME ARTS DISTRICT CREATIVE OFFICE OPPORTUNITY

EON I. LEWBRE: 01730294

TEL: 213 769 6262EMAIL: [email protected]

www.districtrealtygroup.com

© 2019 District Realty Group. The information above has been derived from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.