FOR SALE 2640 E WASHINGTON BLVD LOS ANGELES CA 90023 PRIME LOCATION - DOWNTOWN LOS ANGELES WASHINGTON WHOLESALE PRODUCE MARKET USER OR INVESTOR BUILDING FOR SALE EXISTING 35,618 SF BUILDING ON 118,094 SF OF LAND
FOR SALE 2640 E WASHINGTON BLVD LOS ANGELES CA 90023 DOWNTOWN LOS ANGELES 10 PRODUCE DISTRICT ARTS DISTRICT SANTA FE AVE PROPERTY HIGHLIGHTS Ideal for Investor or 1031 Buyer who Increases Rents and Holds or Develops in Future Options Include: 1) Hold as Leased Investment 2) Tear Down Building & Redevelop 3) Occupy all or Part Just South East of Downtown LA Arts District 35,618 SF Existing Multi-Tenant Produce Building - Leased Short Term! Actual NOI is approximately $320,000 based on E 23RD ST E 24TH ST 24,009 square feet of leased space. The current vacant space is 11,607 SF (11 units of 1055 SF). Owner has left the leases short term and kept the 11,607 SF space vacant to enable a buyer to develop the property or implement a new leasing plan. Potential proforma NOI is ±$728,000. A rent roll and income statement can be provided upon execution of a confidentiality agreement. Minutes from Santa Monica (10), Golden State (5), Pomona (60), & Hollywood (101) Freeways Zoned M3-LA HARRIET ST E 25TH ST WASHINGTON BLVD PRICING SUMMARY All Reasonable Offers Will Be Considered For More Information, Please Contact MIKE D. SMITH E 26TH ST JIM HALFERTY License ID# 00978736 License ID# 01212024 ( 323.767.2109 ( 323.767.2113 + mdsmith@lee-associates.com + jhalferty@lee-associates.com LEE & ASSOCIATES - COMMERCE INC. Corporate ID# 01125429 500 Citadel Drive, Suite 140, Los Angeles, California 90040 ( 323.720.8484 7 323.720.8474 www.lee-associates.com 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.
PROPERTY PHOTOS 2640 E Washington Blvd Los Angeles 35,618 SF Building on 118,094 SF of Land FOR SALE
2640 E Washington Blvd Los Angeles FOR SALE 35,618 SF Building on 118,094 SF of Land AERIAL WASHINGTON BLVD
PARCEL MAP 2640 E Washington Blvd Los Angeles 35,618 SF Building on 118,094 SF of Land FOR SALE
2640 E Washington Blvd Los Angeles FOR SALE 35,618 SF Building on 118,094 SF of Land SITE PLAN
BRYAN DIST. SITE PLAN 2640 E Washington Blvd Los Angeles 35,618 SF Building on 118,094 SF of Land FOR SALE JOSE LUIS FLORES CF PRODUCE RUBEN CONTRERAS KYOTAKA FUJISAWA LI-HUI LO AODLFO SOMBRANO FJ PRODUCE FJ PRODUCE D&N PRODUCE D&N PRODUCE M.J.E. PRODUCE PARIKSHIT MALHOTRA T.S. KAI ENTERPRISES ABC PRODUCE, INC. LA ORIENTAL VEGETABLE LA ORIENTAL VEGETABLE GY PRODUCE ZAFIRO PRODUCE IMPERIO DIST. INC. IMPERIO DIST. INC. BRYAN DIST.
2640 E Washington Blvd Los Angeles FOR SALE 35,618 SF Building on 118,094 SF of Land SITE PLAN Date: 3/24/14 Floor: 1 2640 E. Washington 2640 East Washington Boulevard Los Angeles, CA 90023 Space Classification Drawing Occupant Area (34,503.13) Building Service (1,115.57) Unenclosed n-rentable (795.49) Bldg ID: 640WA STEVENSON SPACE CERTIFIED STEV S Y S T E AC E NSON Est. 1986 M S C I NC I NG O UN T
ARTS DISTRICT AERIAL 2640 E Washington Blvd Los Angeles 35,618 SF Building on 118,094 SF of Land FOR SALE ATLAS CREATVIE CAMPUS LITTLE TOKYO 950 E 3RD ST ONE MARKET PLACE 451-UNIT SANTA FE 478-UNIT RETAIL FUTURE DEVELOPMENT MIXED USE CREATIVE OFFICE-ATLAS 405 MATEO ST FUTURE CREATIVE URTH OFFICE CAFFÈ 500 MATEO ST FUTURE BARKER FUTURE RETAIL CREATIVE OFFICE LA KRETZ BLOCK MOLINO DEVELOPMENT INNOVATION LOFTS STREET CARMEL CAMPUS VILLAINS LOFTS RESIDENTIAL TAVERN LUCKY RETAIL FACTORY ZINC CAFE WILLOW FACTORY BRAND HQ DEVELOPMENT STUDIOS KITCHEN PLACE SITE BLUE BOTTLE ARTS COMPLEX COFFEE THE SUN-CAL FUTURE FUTURE MIXED USE MIXED USE SPRINGS DEVELOPMENT TOY & BISCUIT FUTURE CAMDEN POUR HAUS LOFTS BRICK RESIDENTIAL RESIDENTIAL WINE BAR LITTLE BEAR LOFTS URBAN RADISH DAILY DOSE CHURCH MARKET CAFE TONY S FUTURE & STATE SALOON AMP LOFTS SANTA FE PIZZANISTA PROJECT LOFTS DIAMOND WALNUT FUTURE BESTIA BREAD BUILDING SHORENSTIEIN LOUNGE CREATIVE MODERNICA OFFICE STUMPTOWN COFEE ARTS DISTRICT 7TH & BRIDGE SOHO
2640 E Washington Blvd Los Angeles FOR SALE 35,618 SF Building on 118,094 SF of Land ARTS DISTRICT ARTS DISTRICT RESTAURANTS WURSTKÜCHE URTH CAFFÈ THE ESCONDITE 800 E 3 rd Street 451 S Hewitt Street 410 Boyd Street VILLAINS TAVERN BLUE BOTTLE COFFEE ANGEL CITY BREWERY 1356 Palmetto Street 582 Mateo Street 216 S Alameda Street CHURCH & STATE URBAN RADISH DAILY DOSE 1850 Industrial State 661 Imperial Street 1820 Industrial Street BREAD LOUNGE STUMPTOWN COFFEE AMERICANO 700 S Santa Fe Avenue 806 S Santa Fe Avenue 923 E 3rd Street BESTIA THE FACTORY KITCHEN LITTLE BEAR 2121 E 7 th Place 1300 Factory Place 1855 Industrial Street
PARCEL REPORT City of Los Angeles Department of City Planning 2640 E Washington Blvd Los Angeles 35,618 SF Building on 118,094 SF of Land FOR SALE PROPERTY ADDRESSES 2610 E WASHINGTON BLVD ZIP CODES 90058 RECENT ACTIVITY CASE NUMBERS CPC-2008-3125-CA CPC-2007-3036-RIO CPC-2006-48-ICO CPC-1997-423 CPC-1995-352-CPU CPC-1986-607-GPC ORD-183145 ORD-183144 ORD-164855-SA3370 ENV-2013-3392-CE ENV-2007-3037-ND ENV-1995-328-MND EAF-88-132-MPR 5/4/2015 PARCEL PROFILE REPORT (modified version) Address/Legal Information PIN Number 118-5A219 119 Lot/Parcel Area (Calculated) 2,125.5 (sq ft) Thomas Brothers Grid PAGE 674 - GRID J1 Assessor Parcel. (APN) 5168017012 Tract H. M. AME'S SUBDIVISION OF THE GLASSELL TRACT Map Reference M R 23-73 Block 4 Lot FR 5 Arb (Lot Cut Reference) 1 Map Sheet 118-5A219 Jurisdictional Information Community Plan Area Central City rth Area Planning Commission Central Neighborhood Council Downtown Los Angeles Council District CD 14 - Jose Huizar Census Tract # 2060.31 LADBS District Office Los Angeles Metro Planning and Zoning Information Special tes Zoning M3-1-RIO Zoning Information (ZI) ZI-2358 River Improvement Overlay District ZI-2129 EAST LOS ANGELES STATE ENTERPRISE ZONE General Plan Land Use Heavy Manufacturing General Plan Footnote(s) Yes Hillside Area (Zoning Code) Baseline Hillside Ordinance Baseline Mansionization Ordinance Specific Plan Area Special Land Use / Zoning Design Review Board Historic Preservation Review Historic Preservation Overlay Zone Other Historic Designations Other Historic Survey Information Mills Act Contract POD - Pedestrian Oriented Districts CDO - Community Design Overlay NSO - Neighborhood Stabilization Overlay Streetscape Sign District Adaptive Reuse Incentive Area CRA - Community Redevelopment Agency Central City Parking Yes Downtown Parking Building Line 500 Ft School Zone 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 cityplanning.lacity.org
2640 E Washington Blvd Los Angeles FOR SALE 35,618 SF Building on 118,094 SF of Land 500 Ft Park Zone Assessor Information Assessor Parcel. (APN) 5168017012 APN Area (Co. Public Works)* 2.690 (ac) Use Code 3320 - Warehouse Distributor (25000 to 50000 sqft) Assessed Land Val. $3,911,000 Assessed Improvement Val. $1,879,000 Last Owner Change 10/10/14 Last Sale Amount $9 Tax Rate Area 7 Deed Ref. (City Clerk) 495679 472-7 2433278 2109372 1344981 1144594-5 1021547 Building 1 Year Built 2005 Building Class CX Number of Units 0 Number of Bedrooms 0 Number of Bathrooms 0 Building Square Footage 33,860.0 (sq ft) Building 2 data for building 2 Building 3 data for building 3 Building 4 data for building 4 Building 5 data for building 5 Additional Information Airport Hazard Coastal Zone Farmland Area t Mapped Very High Fire Hazard Severity Zone Fire District. 1 Flood Zone Watercourse Hazardous Waste / Border Zone Properties Methane Hazard Site High Wind Velocity Areas Special Grading Area (BOE Basic Grid Map A- 13372) Oil Wells Seismic Hazards Active Fault Near-Source Zone Nearest Fault (Distance in km) 0.140700656121788 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 PARCEL REPORT 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 cityplanning.lacity.org
PARCEL REPORT Maximum Magnitude 7.10000000 Alquist-Priolo Fault Zone Landslide Liquefaction Tsunami Inundation Zone Economic Development Areas Business Improvement District Renewal Community Revitalization Zone Central City State Enterprise Zone EAST LOS ANGELES STATE ENTERPRISE ZONE State Enterprise Zone Adjacency Targeted Neighborhood Initiative Public Safety Police Information Bureau Central Division / Station Newton Reporting District 1309 Fire Information Division 1 Batallion 1 District / Fire Station 17 Red Flag Restricted Parking 2640 E Washington Blvd Los Angeles 35,618 SF Building on 118,094 SF of Land FOR SALE 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 cityplanning.lacity.org
2640 E Washington Blvd Los Angeles FOR SALE 35,618 SF Building on 118,094 SF of Land CASE SUMMARIES te: Information for case summaries is retrieved from the Planning Department's Plan Case Tracking System (PCTS) database. CPC-2008-3125-CA Required Action(s): CA-CODE AMENDMENT Project Descriptions(s): Data t Available CPC-2007-3036-RIO Required Action(s): RIO-RIVER IMPROVEMENT OVERLAY DISTRICT Project Descriptions(s): THE ESTABLISHMENT OF AN ORDINANCE THAT FACILITATES DEVELOPMENT WITHIN THE LA-RIO BOUNDARIES TO ENHANCE THE WATERSHED, URBAN DESIGN AND MOBILITY OF THE AREA. THESE BOUNDARIES ARE ADJACENT TO, NOT INSIDE, THE LOS ANGELES RIVER ON LAND ALREADY ZONED FOR DEVELOPMENT. CPC-2006-48-ICO Required Action(s): ICO-INTERIM CONTROL ORDINANCE Project Descriptions(s): AN INTERIM CONTROL ORDINANCE REQUIRING A PROJECT PERMIT IN ORDER TO ISSUE A BUILDING PERMIT FOR PROPERTIES ALONG THE LOS ANGELES RIVER, IN THREE SECTIONS WITH WIDTHS OF 300 FEET, 500 FEET AND 1,000 FEET. CPC-1997-423 Required Action(s): Data t Available Project Descriptions(s): PRELIMINARY PLAN FOR THE PROPOSED DOWNTOWN RIVERFRONT INDUSTRIAL PROJECT IN COOPERATION WITH THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES. CPC-1995-352-CPU Required Action(s): CPU-COMMUNITY PLAN UPDATE Project Descriptions(s): CENTRAL CITY NORTH COMMUNITY PLAN UPDATE PROGRAM (CPU) - THE CENTRAL CITY NORTH COMMUNITY PLAN IS ONE OF TEN COMMUNITY PLANS THAT ARE PART OF THE COMMUNITY PLAN UPDATE PROGRAM PHASE II (7-1-95 TO 12-31-96) CPC-1986-607-GPC Required Action(s): GPC-GENERAL PLAN/ZONING CONSISTENCY (AB283) Project Descriptions(s): AB-283 PROGRAM - GENERAL PLAN/ZONE CONSISTENCY - CENTRAL CITYNORTH NORTH AREA - COMMUNITY WIDE ZONE CHANGES AND COMMUNITY PLAN CHANGES TO BRING THE ZONING INTO CONSISTENCY WITH THE COMMUNITY PLAN. INCLUDES CHANGES OF HEIGHT AS NEEDED. REQUIRED BY COURT AS PART OF SETTLEMENT IN THE HILLSIDE FEDERATION LAWSUIT (G/GREEN/BOWMAN)\ ENV-2013-3392-CE Required Action(s): CE-CATEGORICAL EXEMPTION Project Descriptions(s): THE PROPOSED ORDINANCE MODIFIES SECTION 22.119 OF THE LOS ANGELES ADMINISTRATIVE CODE TO ALLOW ORIGINAL ART MURALS ON LOTS DEVELOPED WITH ONLY ONE SINGLE-FAMILY RESIDENTIAL STRUCTURE AND THAT ARE LOCATED WITHIN COUNCIL DISTRICTS 1, 9, AND 14. ENV-2007-3037-ND Required Action(s): ND-NEGATIVE DECLARATION Project Descriptions(s): THE ESTABLISHMENT OF AN ORDINANCE THAT FACILITATES DEVELOPMENT WITHIN THE LA-RIO BOUNDARIES TO ENHANCE THE WATERSHED, URBAN DESIGN AND MOBILITY OF THE AREA. THESE BOUNDARIES ARE ADJACENT TO, NOT INSIDE, THE LOS ANGELES RIVER ON LAND ALREADY ZONED FOR DEVELOPMENT. ENV-1995-328-MND Required Action(s): MND-MITIGATED NEGATIVE DECLARATION Project Descriptions(s): CENTRAL CITY NORTH COMMUNITY PLAN UPDATE PROGRAM (CPU) - THE CENTRAL CITY NORTH COMMUNITY PLAN IS ONE OF TEN COMMUNITY PLANS THAT ARE PART OF THE COMMUNITY PLAN UPDATE PROGRAM PHASE II (7-1-95 TO 12-31-96) EAF-88-132-MPR Required Action(s): MPR-MAJOR PLAN REVIEW (BIG BATCH) Project Descriptions(s): Data t Available PARCEL REPORT DATA NOT AVAILABLE ORD-183145 ORD-183144 ORD-164855-SA3370 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 cityplanning.lacity.org
PARCEL REPORT ZIMAS PUBLIC Generalized Zoning 05/04/2015 2640 E Washington Blvd Los Angeles 35,618 SF Building on 118,094 SF of Land FOR SALE City of Los Angeles Department of City Planning Address: 2610 E WASHINGTON BLVD Tract: H. M. AME'S SUBDIVISION OF Zoning: M3-1-RIO THE GLASSELL TRACT APN: 5168017012 Block: 4 General Plan: Heavy Manufacturing PIN #: 118-5A219 119 Lot: FR 5 Arb: 1 Streets Copyright (c) Thomas Brothers Maps, Inc.
CONFIDENTIALITY AGREEMENT 2640 EAST WASHINGTON BOULEVARD, LOS ANGELES, CALIFORNIA Lee & Associates -Commerce, Inc. ( L&A ) has been retained on an exclusive basis by the ownership ( Owner ) with respect to the offering of the sale of the above referenced property (the Property ). Owner has indicated that all inquiries and communications with respect to the contemplated sale of such Property be directed to L&A. L&A has available, for review, certain confidential information concerning the Property, which includes rent rolls and other materials (collectively Informational Materials ). L&A will not disclose such Informational Materials to Potential Purchaser unless and until Potential Purchaser has executed this Agreement. Upon L&A s receipt of this executed Agreement, L&A is prepared to provide the Informational Materials for Potential Purchaser s consideration in connection with the possible purchase of the Property, subject to the following conditions: 1. All Informational Materials pertaining to the Property, which may be furnished to Potential Purchaser by L&A, are confidential and shall continue to be the property of Owner and L&A. Informational Materials will be used solely for the purpose of Potential Purchaser and may not be copied or duplicated without L&A s written consent and must be returned to L&A immediately upon L&A s request or when Potential Purchaser terminates negotiations with respect to the Property. 2. Informational Materials may not be disclosed to anyone other than Potential Purchaser s partners, employees, legal counsel, and institutional leaders ( Related Parties ) for the purpose of evaluating the potential purchase of the Property. Such Related Parties shall be informed by Potential Purchaser of the confidential nature of Informational Materials and shall be directed to treat the same with strict confidence. 3. Potential Purchaser understands and acknowledges that Owner and L&A do not make any representations or warranty as to the accuracy or completeness of Informational Materials and that the information used in the preparation of Informational Materials was furnished to L&A by others and has not been independently verified by L&A and is not guaranteed as to completeness or accuracy. 4. Potential Purchaser hereby indemnifies and holds harmless Owner and L&A and their respective affiliates and successors and assigns against and from any damage, loss, liability or expense, including attorneys fees, arising out of any breach of any of the terms of this Agreement. 5. Potential Purchaser acknowledges that the Property has been offered for sale, subject to withdrawal from the market, change in offering price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective purchaser or for any other reason whatsoever without notice. Potential Purchaser acknowledges that the Property is being offered without regard to race, creed, sex, religion or national origin. This Agreement terminates one (1) year from the date hereof, except as to written claims by Owner against Potential Purchaser prior thereto. If in agreement with the foregoing, please return a signed copy of this Agreement to L&A (Attention: Jim Halferty, Lee & Associates -Commerce, Inc., 500 Citadel Drive, Suite 140, Commerce, California 90040; phone: (323) 767-2113; fax: (323) 767-2073; email: jhalferty@lee-associates.com). AGREED TO ACCEPTING PARTY: AGREED TO BROKER: Date: Date: Signature: Name: Company Name: Address: Signature: Name: Company Name: Address: Phone: Fax: Phone: Fax: Email: Email: License ID #: Please return fully executed agreement to Jim Halferty at fax: (323) 767-2073 or email: jhalferty@leeassociates.com. H:\Jim H\2015 Documents\Miscellaneous\Confidentiality Agreement-2640 Washington 5-18-15V.doc
MIKE D. SMITH LICENSE ID# 00978736 ( 323.767.2109 + mdsmith@lee-associates.com FOR MORE INFORMATION, PLEASE CONTACT US JIM HALFERTY LICENSE ID# 01212024 ( 323.767.2113 + jhalferty@lee-associates.com LEE & ASSOCIATES - COMMERCE INC Corporate ID# 01125429 500 Citadel Drive. Suite 140, Los Angeles, CA 90040 phone: 323.767.2109 fax: 323.767.2029 www.lee-associates.com VISIT TO VIEW THE FULL MARKETING PACKAGE