for sale 3110-3040 e 12th street...ar ar arts district 3110-3040 for sale e 12 th street los...

E PICO BLVD

E 12TH ST

E 11 TH ST

ARTSDISTRICT

3110-3040 E 12TH STREET

FOR

SALE

L O S A N G E L E S , C A L I F O R N I A 9 0 0 2 3

A L S O K N O W N A S 1 5 0 0 S E V E R G R E E N AV E

±199,839 SFM U L T I - T E N A N T INDUSTRIAL BUILDINGON ±275,109 SF OF LAND

VALUE ADD FULLY LEASED INDUSTRIAL

BELOW MARKET RENTS

FABULOUS 1031 EXHCANGEJUST EAST OF ARTS DISTRICT

SHORT TERM LEASES - INVESTOR OR USER OPPORTUNITY

OPPORTUNITY ZONE

Buyer should verify with reputable consultants all aspects of this brochure and the property including office size, building & land size, if the building size includes any interior dock areas and mezzanine areas, type and age of building, structural condition of the building, ceiling clearance, power, calculation, zoning, permitted uses within the building, parking count, any building measurements, number and type of loading doors, if any existing HVAC units work and their life expectancy, roof condition, any city potential incentive areas, any unpermitted improvements, if any existing elevators work, floor loads for every floor and if the floor load is adequate for Buyer’s product weight and product types and use, etc. Buyer should also hire experts including but not limited to (Architect, Structural Engineer, Surveyor, Contractor, Environmental Consultant) to verify the condition of the above items in this disclosure and all aspects of the property and confirm with the appropriate Governmental Agency that the property zoning and building use (Certificate of Occupancy) and all aspects of the improvements including any office areas are acceptable to Buyer in order for Buyer to occupy all areas of the building legally. Lee & Associates-Commerce Inc. strongly recommends that the above items be completed prior to Lease execution. Broker also advises Buyer to obtain any required use permits and business licenses prior to lease execution and have their Attorney review any Lease Contract prior to execution.

PROPERTY HIGHLIGHTS

• Multi-Tenant Value Add Industrial Building Leased to Short Term Tenants with No Options to Extend (Divides as ±105,000 SF, ±54,000 SF, ±35,400 SF ±4,800 SF, ±2,400 SF)

• Below Market Rents• Great Opportunity for Investor to Hold Long Term or for a User to Occupy in Future• Concrete Block Construction with Partial Metal Construction with Creative Bow Truss Ceilings• Located in Opportunity Zone• Heavy Power - 1200 Amps (Buyer should Verify)• Quick Access to 5, 10, 101 & 60 Freeways• Outstanding Creative Office Space with Exposed HVAC Ducting & Bow Truss Ceilings• Also known as 1500 S Evergreen Ave• Located Near Olympic Blvd at Soto St• Potential Creative/Flex Conversion Opportunity in the Future Near the Arts District

LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429

500 Citadel Dr, Ste 140, Los Angeles, CA 90040P: 323.767.2109 | F: 323.767.2029 | LEE-ASSOCIATES.COM

T E A M L A C O M M E R C I A L . C O M

LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.

The information has been furnished from sources which we deem reliable, but for which we assume no liability. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Buyers/Tenants should consult with their independent advisors to determine if the property is suitable for their needs.

FOR MORE INFORMATION, PLEASE CONTACT US

MIKE D. SMITHPrincipal | LIC ID 00978736

[email protected]

JIM HALFERTYPrincipal | LIC ID 01212024

[email protected]

3110-3040 E 12TH STREET

FOR

SALE



PROPERTY INFORMATION3110-3040 E 12TH STREET • LOS ANGELES

AVAILABLE±199,839 SF (Estimated Per Landvision)(The Building is Irregular Shaped and Hard to Measure; Buyer Should Verify the Size with a Surveyor)

LAND AREA±275,109 SF(Buyer Should Verify Exact Land Size and Easements Via a Survey and Review of the Title Report; Land shape is Irregular)

PROPERTY TYPE Industrial

STORIES 1 - Concrete & Partial Metal

YEAR BUILT 1935(Buyer should Verify)

LOADING Ground Level & Dock High Loading

POWER 1200 Amps, 277/480 Volts(Buyer Should Verify with Electrician)

ZONING LAM-3

APN 5169-004-002

PROPERTY DESCRIPTION

ASKING SALE RATE $34,500,000 ($172.64 PSF)

PRICING SUMMARY

PROPERTY PHOTO

3110-3040 E 12TH STREET • LOS ANGELES

FOR SALE ±199,839 SF INDUSTRIAL BUILDING ON ±275,109 SF OF LAND

LEE & ASSOCIATES® - COMMERCE, INC.CORP ID 01125429

500 CITADEL DR, STE 140, LOS ANGELES, CA 90040P : 323.767.2109 • F : 323.767.2029 T E A M L A C O M M E R C I A L . C O M





PROPERTY PHOTO

E PICO BLVD

E 12 TH ST

E 11 TH ST

E OLYMPIC BLVD

ARTSDISTRICT

PROPERTY AERIAL





E PICO BLVD

E 12 TH ST

E 11 TH ST

E OLYMPIC BLVD

ARTSDISTRICT





PROPERTY AERIAL

E 12

TH S

T

E W

ASHIN

GTON B

LVD

E 11

TH S

T

E OLY

MPI

C BL

VD

S DACOTAH ST

E PICO

BLVD

S EVERGREEN AVE





PROPERTY AERIAL

180’

E 12TH ST

S EVER

GR

EEN A

VE

E PICO BLVD

LOADING DOCK

LOADINGDOCKAC

CESS TO

PARKING

SUPPLYOFFICE

LOADINGDOCK

DOCKHIGHD

OC

K OFFICEAREA RR

UN

IT A

UN

IT B

UN

IT C

RR

1500 S EVERGREEN AVE±105,000 SF

13’ CLEARANCE(UP TO 23’ IN SOME AREAS)

3110 E 12TH ST±54,000 SF

3175 E PICO BLVD±35,400 SF

UNITS A & B±4,800 SF

UNIT C±2,400 SF

TENANT 1 TENANT 2

TENANT 4

TENANT 3





PROPERTY SITE PLAN

NOTE: Drawing not to scale. All measurements and sizes are approximate.

N

PARKING SUMMARY

S EVERGREEN AVE ±17 (Seller Believes Parking Spaces are Owned by Seller) (Buyer Should Verify by Doing a Survey)

E 12TH ST ±109 (Seller Believes Parking Spaces are Owned by Seller) (Buyer Should Verify by Doing a Survey)

SOUTH OF BUILDING ±60

TOTAL ±186 (Plus Additional Street Parking Not Owned by Seller on Pico Blvd)

10

6AM

ART HOUSE

7TH & BRIDGEAPTS

TUBESCIENCE USA

THE HUNTSMAN

LUV BRIDAL

THE ROW DTLA-THE MANUFACTORY-A+R-J BRAND-SPACES-ZAPPOS-UBTECH

TOYLOFTS

LA KRETZ

1105 E 5TH ST(PLANNED FUTURE

MIXED-USE)

527 COLYTON ST(PLANNED MIXED-USE)

ONNI(FUTURE APTS)

LOWE(FUTURE OFFICE)

(PLANNED MIXED-USE)

MOLINO LOFTS

BISCUITLOFTS

100,000SF

OFFICE

116,000SF

CREATIVE OFFICE

178,000SF

CREATIVE OFFICE

SUSANNE VIELMETTERGALLERY

PRODUCEMARKET

GHEBALYGALLERY

KNUPP GALLERY / SIMARDBILODEAU CONTEMPORARY

(PLANNED)

LOFTS

2301 E 7TH ST

(FUTURE APTS)

TABAN(PLANNED MIXED USE)

(FUTUREDEVELOPMENT)

SUBJECT





ARTS DISTRICT ACTIVITY





PARCEL MAP

5

10

10

ARTSDISTRICT

E 12TH ST

11TH ST

7TH ST

8TH ST

BAY ST

6TH ST

INDUSTRIAL ST

WHOLESALE ST

MILL ST

E OLYMPIC BLVD

E OLYMPIC BLVD

PICO BLVD

SOTO ST

S EVERG

REEN AV

E

E WASHINGTON BLV

D

WASHINGTON BLVD

SANTA FE AVE

SANTA FE AVE

MATEO ST

WILSON ST

ALAMEDA ST

E 12TH ST

11TH ST

7TH ST

8TH ST

BAY ST

6TH ST

INDUSTRIAL ST

WHOLESALE ST

MILL ST

E OLYMPIC BLVD

E OLYMPIC BLVD

PICO BLVD

SOTO ST

S EVERG

REEN AV

E

E WASHINGTON BLV

D

WASHINGTON BLVD

SANTA FE AVE

SANTA FE AVE

MATEO ST

WILSON ST

ALAMEDA ST





LOCATION MAP

3110-3040 E 12TH ST • LOS ANGELES ±199,839 SF INDUSTRIAL BUILDING ON ±275,109 SF OF LAND



THE ARTS DISTRICT

WURSTKÜCHE URTH CAFFÈ THE ESCONDITE800 E 3rd St 451 S Hewitt St 410 Boyd St

VILLAINS TAVERN BLUE BOTTLE COFFEE ANGEL CITY BREWERY1356 Palmetto St 582 Mateo St 216 S Alameda St

CHURCH & STATE URBAN RADISH DAILY DOSE1850 Industrial St 661 Imperial St 1820 Industrial St

BREAD LOUNGE STUMPTOWN COFFEE AMERICANO700 S Santa Fe Ave 806 S Santa Fe Ave 923 E 3rd St

BESTIA THE FACTORY KITCHEN LITTLE BEAR2121 E 7th Pl 1300 Factory Pl 1855 Industrial St

City of Los AngelesDepartment of City Planning

1/13/2020PARCEL PROFILE REPORT

Address/Legal InformationPIN Number 118-5A223 69Lot/Parcel Area (Calculated) 268,104.5 (sq ft)Thomas Brothers Grid PAGE 675 - GRID A1Assessor Parcel No. (APN) 5169004002Tract TR 9972Map Reference M B 168-20/22Block NoneLot LT 1Arb (Lot Cut Reference) 3Map Sheet 118-5A221

118-5A223Jurisdictional InformationCommunity Plan Area Boyle HeightsArea Planning Commission East Los AngelesNeighborhood Council Boyle HeightsCouncil District CD 14 - José HuizarCensus Tract # 2051.20LADBS District Office Los Angeles MetroPlanning and Zoning InformationSpecial Notes NoneZoning M3-1-CUGUZoning Information (ZI) ZI-2488 Adelante Eastside

ZI-1195ZI-2458 Clean Up Green Up Supplemental Use DistrictZI-2474 Exide Technologies Buffer (2700 S Indiana 1.7 mile radius)ZI-2452 Transit Priority Area in the City of Los AngelesZI-2129 EAST LOS ANGELES STATE ENTERPRISE ZONEZI-1192 2000 ft. Buffer Zone for BZP Site (3200 East WashingtonBoulevard)

General Plan Land Use Heavy ManufacturingGeneral Plan Note(s) YesHillside Area (Zoning Code) NoSpecific Plan Area None Subarea NoneSpecial Land Use / Zoning NoneDesign Review Board NoHistoric Preservation Review NoHistoric Preservation Overlay Zone NoneOther Historic Designations NoneOther Historic Survey Information NoneMills Act Contract NoneCDO: Community Design Overlay NoneCPIO: Community Plan Imp. Overlay None Subarea NoneCUGU: Clean Up-Green Up Boyle HeightsHCR: Hillside Construction Regulation NoNSO: Neighborhood Stabilization Overlay No

PROPERTY ADDRESSES1500 S EVERGREEN AVE3040 E 12TH ST3175 E PICO BLVD3110 E 12TH ST

ZIP CODES90023

RECENT ACTIVITYNone

CASE NUMBERSCPC-2016-2905-CPUCPC-2015-1462-CACPC-2007-5599-CPUCPC-1995-336-CRACPC-1986-445-GPCORD-184246ORD-166585-SA3760UZA-2008-4578-CUENV-2016-2906-EIRENV-2015-1463-NDENV-2013-3392-CEENV-2008-4579-MNDENV-2007-5600-EIRND-83-384-ZC-HDPRIOR-06/01/1946

This report is subject to the terms and conditions as set forth on the website. For more details, please refer to the terms and conditions at zimas.lacity.org(*) - APN Area is provided "as is" from the Los Angeles County's Public Works, Flood Control, Benefit Assessment.

zimas.lacity.org | planning.lacity.org





ZIMAS REPORT

POD: Pedestrian Oriented Districts NoneRFA: Residential Floor Area District NoneRIO: River Implementation Overlay NoSN: Sign District NoStreetscape NoAdaptive Reuse Incentive Area NoneAffordable Housing Linkage Fee Residential Market Area Low Non-Residential Market Area MediumTransit Oriented Communities (TOC) Not EligibleRPA: Redevelopment Project Area Adelante EastsideCentral City Parking NoDowntown Parking NoBuilding Line None500 Ft School Zone No500 Ft Park Zone NoAssessor InformationAssessor Parcel No. (APN) 5169004002APN Area (Co. Public Works)* 6.350 (ac)Use Code 3300 - Industrial - Warehousing, Distribution, Storage - Warehousing,

Distribution, Under 10,000 SF - One StoryAssessed Land Val. $5,373,149Assessed Improvement Val. $4,998,277Last Owner Change 04/14/2006Last Sale Amount $4,638,546Tax Rate Area 12704Deed Ref No. (City Clerk) 933

3611712248931155335

Building 1 Year Built 1935 Building Class DX Number of Units 0 Number of Bedrooms 0 Number of Bathrooms 0 Building Square Footage 30,000.0 (sq ft)Building 2 Year Built 1935 Building Class C6C Number of Units 0 Number of Bedrooms 0 Number of Bathrooms 0 Building Square Footage 171,041.0 (sq ft)Building 3 Year Built 1935 Building Class C45 Number of Units 0 Number of Bedrooms 0 Number of Bathrooms 0 Building Square Footage 28,458.0 (sq ft)Building 4 Year Built 1948 Building Class SX Number of Units 0







ZIMAS REPORT (CONT)

Number of Bedrooms 0 Number of Bathrooms 0Building 5 No data for building 5Rent Stabilization Ordinance (RSO) No [APN: 5169004002]Additional InformationAirport Hazard NoneCoastal Zone NoneFarmland Area Not MappedUrban Agriculture Incentive Zone YESVery High Fire Hazard Severity Zone NoFire District No. 1 NoFlood Zone NoneWatercourse NoHazardous Waste / Border Zone Properties 2000 ft. Buffer Zone for BZP Site (3200 East Washington Boulevard)Methane Hazard Site Methane ZoneHigh Wind Velocity Areas NoSpecial Grading Area (BOE Basic Grid Map A-13372)

No

Wells 03720287Seismic HazardsActive Fault Near-Source Zone Nearest Fault (Distance in km) 0.9009888 Nearest Fault (Name) Puente Hills Blind Thrust Region Los Angeles Blind Thrusts Fault Type B Slip Rate (mm/year) 0.70000000 Slip Geometry Reverse Slip Type Moderately / Poorly Constrained Down Dip Width (km) 19.00000000 Rupture Top 5.00000000 Rupture Bottom 13.00000000 Dip Angle (degrees) 25.00000000 Maximum Magnitude 7.10000000Alquist-Priolo Fault Zone NoLandslide NoLiquefaction NoPreliminary Fault Rupture Study Area NoTsunami Inundation Zone NoEconomic Development AreasBusiness Improvement District NoneHubzone QualifiedOpportunity Zone YesPromise Zone NoneState Enterprise Zone EAST LOS ANGELES STATE ENTERPRISE ZONEHousingDirect all Inquiries to Housing+Community Investment Department Telephone (866) 557-7368 Website http://hcidla.lacity.orgRent Stabilization Ordinance (RSO) No [APN: 5169004002]Ellis Act Property NoPublic SafetyPolice Information Bureau Central Division / Station Hollenbeck Reporting District 497







ZIMAS REPORT (CONT)

T E A M L A C O M M E R C I A L . C O MLO C A L E X P E R T I S E . I N T E R N AT I O N A L R E AC H . W O R L D C L A S S .

LEE & ASSOCIATES® - COMMERCE, INC. CORP ID 01125429

500 Citadel Drive, Suite 140, Los Angeles, California 90040P: 323.767.2109 | F: 323.767.2029 | LEE-ASSOCIATES.COM

V I S I T TEAMLACOMMERCIAL.COM T O V I E W T H E F U L L M A R K E T I N G PA C K A G E

FOR MORE INFORMATION, PLEASE CONTACT US

MIKE D. SMITHPrincipal | LIC ID 00978736

[email protected]

JIM HALFERTYPrincipal | LIC ID 01212024

[email protected]

3110-3040 E 12TH STREET



for sale 3110-3040 e 12th street...ar ar arts district 3110-3040 for sale e 12 th street los...

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