1417-1419 N. Main Street Los Angeles, CA 90012 FOR SALE - $2,600,000 Approximately 13,437 SF of land (.31 acres)
1417-1419 N. Main Street Property Information ++ Address: 1417-1419 N. Main Street, Los Angeles, CA 90012 ++ Zoning District: Urban Innovation ++ $2,600,000 ++ Power: City of Los Angeles, DWP ++ Land Size: Approximately 13,437 SF of land (.31 acres) ++ Water: City of Los Angeles, DWP ++ Building Size: Approximately 2,000 SF of partial building structures ++ Telephone: AT&T ++ Gas: The Gas Company ++ APN: 5409-5-33 ++ Storm/Sewer: City of Los Angeles ++ Current Zoning: LAMR2 (Cornfield Arroyo Seco Specific Plan) ++ City Council District: District 1: Gilbert Cedillo 13,437 SF ++ Community Plan Area: Central City North ++ Area Planning Commission: Central APC ++ Walk Score: 84 Very Walkable. Most errands can be accomplished on foot ++ Bike Score: 54 Bikeable. Flat as a pancake, minimal bike lanes ++ Transit Score: 81 Excellent Transit. Transit is convenient for most trips
1417-1419 N. Main Street Highlights The Time is Now This Chinatown Property lies within the Urban Innovation zone of the Cornfield. Arroyo Seco Specific Plan (CASP) which covers approximately 660 acres including the surrounding communities of Lincoln Heights & Cypress Park. The zoning incentives offered within this specific plan are development catalysts across all asset types. Multiple mixed-use projects are currently being entitled and early office developments have already begun absorbing out-of-market users. College Station It s In the Right Spot Located just blocks away from the Chinatown Gold Line Station serving 22 stations along a 31 mile track from Azusa to East LA including a stop in DTLA s Union Station. The property is surrounded by the I-5, I-10, CA-60, US-101, and CA-110. And if that isn t enough, the site is easily accessed by Main Street, Spring Street, and Broadway. There is an overwhelming wave of redevelopment pushing through DTLA and 1417-1419 N Main Street is in its path. It s Happening! This 34-Acre park has undergone a $20 Million renovation including pedestrian walkways, bike paths, a crescent-shaped observation deck, an outdoor amphitheater, restaurants, a beer garden, additional concessions and striped parking. Just one of the new developments, Chinatown s College Station (pictured on the right) will include 770 apartments and 51,000sf of ground-level retail, including a 37,000sf grocery store. All of this activity is breeding even more activity more residential units, mixed use high end retail and restaurants are being added in with the classic Chinatown retail and restaurants. Creative office users, industrial users, art galleries already in the area will be met with new entrepreneurial neighbors from the Arts District and all of Los Angeles. Blossom Plaza LA Historic Park (Cornfield) 1424 N. Spring Street Creative Office
1417-1419 N. Main Street Zoning & Use The permitted uses for each zone are set forth in the following Use Classification Table. All other uses are prohibited, except as follows: Accessory Uses that are customarily incidental to the main building or use of land and that are located on the same lot are permitted, even if not listed in the Use Classification Table. There is no maximum lot area that may be occupied by an Accessory Use. Outdoor Eating Areas. Outdoor eating areas are permitted on all building floors, sidewalk easements and public sidewalk areas, when in compliance with all other applicable local, state and federal requirements. Outdoor eating areas shall be designed in accordance with the applicable urban design standards.
1417-1419 N. Main Street Zoning & Use FAR Table FAR Limits Outside River Buffer FAR Limits Inside River Buffer FAR Limits
Surrounding Developments 1417-1419 N. Main Street College Station - Atlas Capital 770 Residential Units - 37,000 Grocery Store Stadium Villas - Korda Group 58 Apartment Units The Chinatown Lofts - TA Patty Development 318 Residential Units including 20 Live/Work Spaces 1424 N Spring - Chicken Factory 20,000 SF Creative Office 708 N Hill Street LA State Historic Park (Opening in April 2017!) 34 Acres Blossom Plaza - Forrest City 237 Apartments Los Angeles River - Revitalization 759-761 N Spring Street 28,445 SF Creative Office & Retail 1726-1756 N Spring Street 44,360 SF Creative Office & Retail 405 N San Fernando Road 140,834 SF Mixed-Use Development Site Southeast Corner of Hill and Ord Streets Mixed-Use Development Site Including 162 Apartment Units 649 North Spring Street 192,000 SF Mixed-Use Development Site 1201 N. Broadway 124 Units of Housing & 8,691 SF of Ground Floor Commercial Space The Elysian Lofts 920 Apartment Residential Units & 18,000 SF of retail
Surrounding Local Amenities
Surrounding Local Amenities Food and Beverage 1. Chego 2. Ramen Champ 3. Scoops 4. Spring Street Smokehouse BBQ 5. Philippe The Original 6. Little Jewel of New Orleans 7. Sam Woo BBQ 8. Homegirl Cafe & Bakery 9. Melody Lounge 10. General Lee s Bar 11. Mexicali Taco Co. 12. Empress Pavilion 13. Phoenix Bakery 14. Yang Chow 15. Chiguacle 16. Lao Tao Street Food 17. Amboy 18. Howlin Ray s 19. Pho 87 20. Wings N Fish 21. Barbara s at The Brewery 22. The Heights Deli & Bottle Shop 23. LA Baking Co 24. Carnitas Michocan 25. Wine Bar 26. Highland Park Brewery 27. Momofuku (coming soon) 28. Apotheke Coffee and Tea 29. Chimney Coffee House 30. Edorffeine 31. Nick s Cafe 32. Cafe ZeTa 33. On Spring Cafe Retail 34. Building Block 35. Ooga Booga 36. Welcome Hunters 37. Tanyan Music 38. Nous Tous 39. East/West Shop Cultural 40. KGB Studios & Gallery 41. True Vision Entertainment 42. Arts Refoundry 43. Lightning Pusher Creative Marketing Ramen Champ Philippe The Original Melody Bar HUGHES MARINO 11150 Santa Monica Blvd., Suite 850, Los Angeles, CA 90025 hughesmarino.com Chung King Road
1417-1419 N. Main Street For More Information, Please Contact: GREG OLSON greg@hughesmarino.com (310) 277-3211 Broker Lic. #01514630 TUCKER HUGHES tucker@hughesmarino.com (310) 277-3211 Broker Lic. #01899779 HUGHES MARINO 11150 Santa Monica Blvd., Suite 850, Los Angeles, CA 90025 hughesmarino.com