R A R E T W O B U I L D I N G C R E A T I V E R E D E V E L O P M E N T O P P O R T U N I T Y 252-260 S. LOS ANGELES STREET LOS ANGELES, CA LITTLE TOKYO IN THE HEART OF LITTLE TOKYO
CBRE is pleased to present the opportunity to purchase 252-260 S. Los Angeles Street in Little Tokyo. This is a truly rare opportunity for a buyer to own in one of the most diverse and growing neighborhoods of Downtown Los Angeles. Walking distance to world renowned museums, restaurants/bars and new residential developments, it is undeniably the place to be. 252-260 S. Los Angeles Street has 49,500 square feet of unlimited redevelopment potential. With its unparalleled access to Downtown Los Angeles, the property additionally benefits from traffic from 31 million square feet of Downtown Los Angeles office space and its multitude of cultural icons including the Walt Disney Concert Hall, Dorothy Chandler Pavilion, Ahmanson Theater, LA Live, Nokia Theater, Staples Center and many more.
Little Tokyo Harmoniously balancing the historic and the modern, Little Tokyo is one of the most promising neighborhoods in Downtown Los Angeles. The highly concentrated, five block radius that comprises this booming district gives it an authentic feel that is easily navigated. It is one of only three official Japanese towns in the United States and was declared a National Historic Landmark District in 1995. Bordered by the becoming Arts District to the East, the downtown business core to the West, and City Hall and Parker Center to its North, Little Tokyo is perfectly positioned for prosperity. The size, scope and pedigree of development projects underway represent a fundamental transformation. Infused with high-end restaurants and jazz clubs to casual cafes and boutique retail shops - people are congregating to these streets at all hours of the day. With both the MOCA (Museum of Contemporary Art) and the Japanese American History Museum, Little Tokyo draws tourists and locals alike.
Traditionally, Little Tokyo has been a smart, playful and enlightened neighborhood that had previously gone largely unnoticed for years. Today, the change has been incredibly fast, dramatic, and evolutionary. World Class Art Galleries Modern Hotels Vibrant Nightlife New Residential and Cultural developments
252-260 S Los Angeles Street Los Angeles, CA Property Highlights Building Sizes Land Size Combined ±49,500 Sq Ft ±12,454 Sq Ft APN 5161-025-002, 003 Zoning Allowed Uses Council District State Enterprise Zone Adaptive Reuse Area Business Improvement District [Q] C2-4D, City of Los Angeles Extensive office, retail, residential CD-14; Jose Huizar Yes Yes Little Tokyo
252 S Los Angeles Street Los Angeles, CA Building Size Stories Floor Plate 9,000 SF 3 Stories 3,000 SF Year Built 1907 Parking Construction Tenancy Clear Heights Elevators 12 Spaces Brick Vacant 15' ground floor; 11' upper floors 1 - passenger 254-260 S Los Angeles Street Los Angeles, CA Building Size Stories Floor Plate 40,500 SF 5 Stories Over Basement 6,750 SF Year Built 1907 Parking Construction Tenancy Clear Heights Elevators None Brick 2 - Short Term Leases, can be delivered vacant 16' ground floor; 11' upper floors 1 - Freight
Property Aerial E 3rd Street S Los Angeles Street
Parcel Map APN: 5161-025-002, 003 Fee Simple Easement
Amenities Map Retail 1 Weller Court Address 123 Astronaut E S Onizuka St 5 2 Japanese Village Plaza 335 E 2nd St 3 Brunswig Square 360 E 2nd St 4 Doubletree Hotel by Hilton 120 S Los Angeles St 5 Times Mirror Square 1st & Spring St 10 7 12 6 4 1 13 21 8 23 20 19 6 Redbird 114 E 2nd St 7 Cathedral of Saint Vibiana 214 S Main St 8 Miyako Hotel 328 E 1st St 9 Office Depot 401 E 2nd St 10 Crossfit 265 S Main St Residential Address 11 SITE 14 18 2 22 3 9 17 11 Medallion 334 S Main St 12 Vibiana Lofts 214 S Main St 13 Wakaba LA 232 E 2nd St 14 Sakura Crossing Apartments 235 S San Pedro St 15 Tokyo Villa Condos 420 S San Pedro St 16 16 Mura Condos 629 Traction Ave 17 Savoy 100 Alameda St 18 Teramachi 267 S San Pedro St Cultural Attractions Address 15 19 Japanese American National Museum 100 N Central Ave 20 The Geffen Contemporary at MOCA 152 N Central Ave 21 Union Center for the Arts 120 Judge John Aiso St A 22 James Irvine Japanese Garden at JACCC 244 S San Pedro St 23 Go For Broke Monument 355 E 1st St
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Developments Residential 1 Little Tokyo Galleria Redevelopment 333 S Alameda St Mixed-Use Proposed 2 Parker Center Redevelopment 150 N Los Angeles St Mixed-Use Proposed 3 Mikado Building 335 E 1st St Residential Conversion Under Construction 2 4 The Catalina 443 S San Pedro St Work-Live Conversion Under Construction 9 5 7 8 6 11 3 10 5 Budokan 237 S Los Angeles S Community Center 6 Wakaba 232 E 2nd St Mixed-Use 7 Ava 236 S Los Angeles St Mixed-Use Under Construction Recently Completed Recently Completed 8 Sakura Crossing 235 S San Pedro St Mixed-Use Recently Completed 9 Residences at St. Vibiana 222 S Main St Mixed-Use Recently Completed 4 1 10 11 Regional Connector Transit Project Etco Homes Little Tokyo 1st & Alameda 118 Astronaut E S Onizuka St LA Metro Light Rail Mixed-Use Under Construction Under Construction
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Terasaki Budokan Subject Property To further enhance long term values in the immediate area, construction has begun on the Paul I. Terasaki Budokan Cultural Center directly across the street from the subject property. This $30M project is a joint venture that includes the City of Los Angeles, Fortune 500 Companies, high net worth individuals/families and donations from the general public. This state-ofthe-art facility will include performing arts, music, art gallery space showcasing local area artists, and a multipurpose recreation and sports center. The underlying theme is to promote community and provide a place that preserves the cultural heritage of Little Tokyo. www.terasakibudokan.org
252-260 S. LOS ANGELES STREET LOS ANGELES, CA LITTLE TOKYO FOR MORE INFORMATION, PLEASE CONTACT: JOHN W. HILLMAN Lic 0122357 +1 213 613 3755 john.hillman@cbre.com GREG STANTON Lic 00811874 +1 213 613 3757 gregory.stanton@cbre.com CBRE, Inc. 400 S. Hope Street 25th Floor Los Angeles, CA 90071 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.