811 Wilshire BlvdSuite #1010Los Angeles, CA 90017213.221.1288
1518 Paloma Street , Los Angeles, CA 90021
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
FOR SALE | INDUSTRIAL SPACE
global-cre.com
FRANK [email protected]: 213.221.1292C: 213.792.7007
T: 213.221.1242C: 818.468.1377 [email protected]
MARK ZAKARIAN, CCIM ZACH TONKST: 213.221.1293C: 858.414.5621 [email protected]
Table of Contents
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
1111 E. 16th Street & 1518 Paloma Street , Los Angeles, CA 90021
ADDITIONAL PHOTOS 4
LOCATION INFORMATION 8
DEMOGRAPHICS 10
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Neither Global Commercial Real Estate its directors, officers, agents, advisors, oraffiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the any materials or information provided, derived, or received.Materials and information from any source, whether written or verbal, that may befurnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. GlobalCommercial Real Estate will not investigate or verify any such matters or conductdue diligence for a party unless otherwise agreed in writing.
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Legal questions should be discussed by the party with an attorney. Tax questionsshould be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the propertycomplies with applicable governmental requirements should be discussed by theparty with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by GlobalCommercial Real Estate in compliance with all applicable fair housing and equalopportunity laws.
PRESENTED BY
Frank Lahijani
MARK ZAKARIAN, CCIMZACH TONKS
Excellent Opportunity in the Heart of Downtown Los Angeles
- 3 dock high positions- 2 ground loading doors- Built in 1907- 54% Occupied
PROPERTY OVERVIEW
The subject property is located in the San Pedro Wholesale District. It hasdirect access to all major freeways including I-10 FWY frontage. As thelocation is also in proximity to both the Arts District and South Park itprovides an ideal situation for anyone looking to be in the Downtownmarket. Currently, a portion of the property is occupied by multipletenants whose leases will expire Jan 2018 (3,000 sqft), Aug 2019 (4,000sqft), Dec 2020 (5,000 sqft). This will allow an owner/user to occupysome of the property while collecting income or grant an investor theflexibility to stabilize the asset.
LOCATION OVERVIEW
OFFERING SUMMARY
Sale Price: Subject To Offer
Price / SF: -
Lot Size: 28,606 SF
Year Built: 1907
Building Size: 22,272 SF
Renovated: 1990
Zoning: LAM2
Executive Summary
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
1518 Paloma Street , Los Angeles, CA 90021
ADDITIONAL PHOTOSSECTION 1
811 Wilshire BlvdSuite #1010Los Angeles, CA 90017213.221.1288
FOR SALE | INDUSTRIAL SPACE
global-cre.com
ADDITIONAL PHOTOS | Additional Photos
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
1111 E. 16th Street & 1518 Paloma Street , Los Angeles, CA 90021
ADDITIONAL PHOTOS | Additional Photos
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
1518 Paloma Street , Los Angeles, CA 90021
ADDITIONAL PHOTOS | Additional Photos
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
1518 Paloma Street , Los Angeles, CA 90021
LOCATION INFORMATIONSECTION 2
811 Wilshire BlvdSuite #1010Los Angeles, CA 90017213.221.1288
FOR SALE | INDUSTRIAL SPACE
global-cre.com
FRANK [email protected]: 213.221.1292C: 213.792.7007
T: 213.221.1242C: 818.468.1377 [email protected]
MARK ZAKARIAN, CCIM ZACH TONKST: 213.221.1293C: 858.414.5621 [email protected]
LOCATION INFORMATION | Location Maps
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
1518 Paloma Street , Los Angeles, CA 90021
DEMOGRAPHICSSECTION 3
811 Wilshire BlvdSuite #1010Los Angeles, CA 90017213.221.1288
FOR SALE | INDUSTRIAL SPACE
global-cre.com
* Demographic data derived from 2010 US Census
811 WILSHIRE BLVD , SUITE #1010 • LOS ANGELES, CA 90017 • 213 .221 . 1288 • GLOBAL-CRE.COM
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 29,328 417,586 1,276,220
MEDIAN AGE 29.4 29.2 30.1
MEDIAN AGE (MALE) 28.4 28.5 29.3
MEDIAN AGE (FEMALE) 29.4 30.0 31.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 7,823 117,435 374,481
# OF PERSONS PER HH 3.7 3.6 3.4
AVERAGE HH INCOME $39,628 $37,347 $43,254
AVERAGE HOUSE VALUE $377,600 $429,310 $459,343
DEMOGRAPHICS | Demographics Map
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY
1518 Paloma Street , Los Angeles, CA 90021
811 WILSHIRE BLVD , SUITE #1010 • LOS ANGELES, CA 90017 • 213 .221 . 1288 • GLOBAL-CRE.COM
President & CEO
Sales Associate
ZACH TONKS
FRANK LAHIJANI MARK ZAKARIAN,CCIM
Senior Associate
T: 213.221.1242C: [email protected] #01992638
T: 213.221.1293C: [email protected] #01947836
T: 213.221.1292C: [email protected] #01022511
BROKER TEAM PAGE | Broker Team Page
PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY1111 E. 16th Street & 1518 Paloma Street , Los Angeles, CA 90021