Major Properties, as the exclusive listing agent, is pleased to present this rare opportunity to acquire S. Central Avenue, located in the Downtown Los Angeles Produce District. This site is just two blocks away from the master planned SunCal 6th & Alameda development project. This large, Irvine based developer spent $130 million to buy 15 acres of land and plans to construct a combination of creative office, live/work and retail space offering many amenities to the surrounding areas. Another monumental project taking place just one block north of the subject property, is the Alameda Square. The site is in the process of being converted to the country s largest creative campus focusing on fashion, tech and creative startups. Currently, there are plans for over 120,000 sq.ft. of retail on the site which will include fashion stores, restaurants, and possibly food trucks. The project will include a 4,000 vehicle parking structure which is currently under construction. Downtown Los Angeles is in the midst of an urban renaissance with the repositioning of older buildings and new ground up construction of residential, retail and creative office space. In the past 5 years, the number of Downtown Los Angeles residents has doubled from approximately 31,000 to 62,000. This number is expected to grow exponentially with thousands of residential units under construction and many more in the pipeline. S Central Avenue presents a savvy investor the opportunity to be a part of the wave of growth and add tremendous value to a non-performing property. Become a part of the revitalization of Downtown Los Angeles! The Major Properties team, Bradley Luster/President, Anthony Behar/ Senior Vice President and Jesse McKenzie/Associate are here to assist you with any questions you may have about this amazing opportunity.
Prime Downtown Los Angeles Development Site 34,800 Sq.Ft. of Land Skyline Does Not Represent Actual View S Central Avenue, Los Angeles, CA 90021 Rare purchase opportunity! 34,800 sq.ft. of land Includes building Currently occupied by Burger King (to be delivered vacant) Located just north of the corner of Olympic Boulevard Very heavy traffic on busy Central Avenue Approximately 155' frontage on Central Avenue Access from Olympic Blvd Zoned LA M2 Assessor's parcel number 5146-017-015 Asking Price: $12,000,000 ($344.83 per sq.ft. land value)
Parcel Map
Arts District Development Map Alameda Square Creative Space, an integrated development and marketing firm, is in the process of upgrading and turning the largely unused space into the country s largest creative campus focusing on fashion, tech and creative startups. SunCal Sixth & Alameda Irvine-based developer Suncal, in a partnership with Michael Dell s investment firm MSD Capital, spent $130 million to buy 15 acres of land in the Arts District. The project will include residential, retail and creative office components. Ford Factory Building The former Ford Motor Factory building at the southwest corner of Seventh Street and Santa Fe Avenue will be transformed into creative office space with retail on the ground floor. San Francisco-based real estate giant Shorenstein Properties purchased the 102-year-old building and two accompanying structures for $37M. AMP Lofts The Amp Lofts would bring 320 live/work apartments and 20,000 square feet of retail space to Seventh Street and Santa Fe Ave. AT Mateo ASB Real Estate Investments and Century City s Blatteis & Schnur announced plans last year to create a 130,000-square-foot Arts District retail center. They purchased the property last year for $32.5 million, and intend to spend another $30 million. Fourth & Traction The century-old Coca-Cola building in the Arts District will be transformed into a mixed-use complex with creative office space, retail and restaurants. GPI Companies of Los Angeles and New York-based Atlas Capital completed a $19 million acquisition. Traction Avenue Brewpub Construction is underway at 213 Nightlife s Traction Avenue Brewpub. Plans for the bar at 828 Traction Ave. call for 258 seats. Nightlife proprietor Cedd Moses will dedicate more than half of the 17,320-square-foot business to the brewery and kitchen. 950 E 3rd Groundbreaking is expected for a 472-apartment project at 950 E. Third St. by Legendary Developments. The $160 million complex is slated to rise on a six-acre site adjacent to the Southern California Institute of Architecture. SoHo House The exclusive private club SoHo House is planning on opening its second Los Angeles location in the Arts District at the corner of Santa Fe Avenue and Bay Street. The current 80,000 SF warehouse building will be completely renovated, including a rooftop pool.
Arts District Amenities Map DOWNTOWN LOS ANGELES SOUTHERN ARTS DISTRICT 1. Senor Fish 2. Planned Borman Mixed-Use Project 3. Tony's Saloon 4. Pizzanista 5. Planned AMP Lofts Mixed-Use Project 6. Planned Firehouse Conversion to Restaurant/Bar 7. Bread Lounge 8. Stumptown Coffee / 52 9. Bestia 10. Planned Modernica Mixed-Use Conversion 11. Ford Factory Mixed-Use Project 12. Church & State Bistro 13. Urban Radish Farm Fresh Market 14. Little Bear (Bar) 15. Joe's Downtown Market 16. Daily Dose Coffee 17. Pour Haus Wine Bar 18. SoHo House
Downtown Los Angeles Demographics MEDIAN HOUSEHOLD INCOME IN LOS ANGELES SUBMARKETS DOWNTOWN LA $98,700 Beverly Hills $96,312 Century City $95,135 Marina Del Rey $92,763 West Los Angeles $86,403 Hancock Park $85,277 Culver City $70,774 Santa Monica $69,013 80% College Degree or Higher 40% Use Public Transportation 56% Work Downtown $103 Grocery Spending Per Week $30 Per Dinner Per Person 53% Male 47% Female 34 Median Age 52,400 Residents 500,000+ Employees 10 Million+ Visitors