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DTLA Commercial Property For Sale or Lease 721-735 E Washington Blvd, Los Angeles, CA 90021 Opportunity Zone
DTLA Commercial Property For Sale or Lease721-735 E Washington Blvd, Los Angeles, CA 90021
Oppor tunit y Zone
The information contained in this offering material is confidential and furnished solely for the purpose of a review by prospective Buyers or Tenants of the subject property and is not to be used for any other purpose or made available to any other person without the express written consent of Major Properties. This Brochure was prepared by Major Properties. It contains summary information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective Buyer or Tenant may desire. All information is provided for general reference purposes only and is subject to change. The summaries do not purport to be complete or accurate descriptions of the full documents involved, nor do they constitute a legal analysis of such documents.This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.
Exclusively offered byBradley A Luster Jesse McKenzie Samuel P Luster President Associate Associate 213.747.4154 office 213.747.4156 office 213.222.1200 office213.276.2483 mobile 714.883.6875 mobile 818.584.4344 [email protected] [email protected] [email protected] BRE Lic. # 00913803 CA BRE #01939062 CA BRE #02012790
•OpportunityZoneLocation
•AvailableforPurchaseor Lease
•CreativeConversion,Tech Campus,ResidentialorMixed-use
•MetroBlueLineRunsin FrontofProperty
•GatedParkingLotfor 44±Vehicles
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Los Angeles Opportunity Zone Map
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• Rare DTLA opportunity: Take all or part!• 4-story “Scully Building” built in 1930 consists of a 44,920± sq.ft. structure on 34,515± sq.ft. of total land • 11,230± sq.ft. on each floor 11 parking spaces per floor• Sale includes rear paved and fenced lot with parking for 44± vehicles plus adjacent 1,479 sq.ft. building• Assessor’s parcel number 5131-005-007,008,022,023 • 15-16' ceiling height on all floors — Zoned LA M2
• Ideal for creative conversion, tech campus, residential, mixed-use• Located just east of San Pedro Street• Numerous mixed-use development projects in the immediate area, including SoLA Village, City Market and Alameda Square• Metro Rail Blue Line runs directly in front of the property• Adjacent to Fashion District — Close to South Park & Arts Districts• Located in Opportunity Zone (tax benefits)• Asking price: $18,900,000• Lease rental: $1.25 per sq.ft. MG
DowntownLos AngelesOpportunityThe “Scully Building”
721-727 E Washington Blvd720 E 18th St735 E Washington BlvdLos Angeles, CA 90021
46,399 SF Building Area 34,515 SF of Land Area
Lease Divisible to 11,230 SF(Full Floor)
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Aerial Photo
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Interior Photos
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Plat Map
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GROUND FLOOR LAYOUT 2ND-4TH FLOORS LAYOUT
FreightElevator
Loading Door
Eleva-tor
EntranceEntranceEntrance
Parking Lot
WASHINGTON BLVD
FreightElevator
Eleva-tor
METRO BLUE LINE STOP
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Downtown Los Angeles Development Map
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Alameda SquareCreative Space, an integrated development and mar-keting 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 & AlamedaIrvine-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.
City MarketCity Market South is the initial phase of the Fashion District mega-project City Market. The overall $1 billion effort would transform the 1909 complex on San Pedro and San Julian between 11th and 12th streets into cre-ative office space and dining establishments.
Ford Factory BuildingThe 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 LoftsThe Amp Lofts would bring 320 live/work apartments and 20,000 square feet of retail space to Seventh Street and Santa Fe Avenue in the Arts District. The complex, with designs by the Shimoda Design Group, would be shaped like a “J,” and there would be seven-story build-ings at the northern end of the property.
AT MateoASB Real Estate Investments and Century City’s Blat-teis & 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.
SoHo HouseThe 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 com-pletely renovated, including a rooftop pool.
Oceanwide PlazaBeijing-based developer Oceanwide broke ground on the massive three-tower Oceanwide Plaza in March 2015. The $1 billion project comprises one 49-story tower and two 40-story buildings, all sitting on top of a 100-foot-tall podium. Plans call for the towers to hold a combined 504 condominiums and 183 hotel rooms.
CircaCirca broke ground in July 2015. Plans call for a pair of 36-story high-rises with a combined 648 luxury condominiums sitting on top of a seven-story retail podium with 48,000 square feet of space for shops and 1,770 parking spaces.
1020 S Figueroa Phase 1 & 2Chinese developer Shenzhen Hazens announced that a deal has been struck to bring a W Hotel to its $700 million South Park mega-project. The five-star, 250-room hotel will be one of two 30-story buildings in the first phase of the development along 11th Street at Figueroa and Flower Streets.
SoLA VillageThe completed development calls for approxi-mately 1,664,000 of new floor area, divided be-tween two properties known as the West Block and the East Block. Additionally, significant alterations are proposed for the existing Reef building—a boxy mid-rise structure built in the mid-1950s.
LA Trade Tech ExpansionGruen Associates was the Executive Architect working with the designer Johnson Favaro on the construction of a new $59 million component of Los Angeles Trade Tech known as South Campus. The project includes a two-level subterranean parking garage accommodating 700 spaces beneath a new athletic field.
The Village at USCThe first phase of the USC Village has begun, a $650 million mixed-use development on the former site of the University Village shopping center. The project, which functions as a 15-acre expansion of the USC campus, will include new academic facil-ities, 115,000 square feet of commercial floor area and housing for up to 2,700 students.
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Downtown Los Angeles Transit Map
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Downtown Los Angeles Demographics
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Downtown Los Angeles Property Values2006-2016
DowntownLos AngelesInvestment1999-2016
Exclusively offered byBradley A Luster Jesse McKenzie Samuel P Luster President Associate Associate 213.747.4154 office 213.747.4156 office 213.222.1200 office213.276.2483 mobile 714.883.6875 mobile 818.584.4344 [email protected] [email protected] [email protected]. 00913803 Lic. 01939062 Lic. 02012790
MAJOR PROPERTIES1200 W Olympic BlvdLos Angeles, CA 90015
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721-735EWashingtonBlvdLosAngeles,CA90021
46,399SFBuildingArea34,515SFLandArea
