Rare Downtown Los Angeles Purchase or Lease Opportunity 741 Maple Avenue, Los Angeles, CA 90014
Rare DTLA Purchase or Lease Opportunity 31,300 Sq.Ft. Building 741 Maple Avenue, Los Angeles, CA 90014 Rare DTLA opportunity! 5-story Mohilef Building built in 1925 consists of 31,300 sq.ft. structure on 7,058 sq.ft. of land Ideal for creative office conversion, tech campus, mixed-use with ground floor retail, etc. Located between 7th and 8th Streets at the northern border of the Downtown Los Angeles Fashion District Numerous commercial and residential development projects underway in immediate neighborhood, including City Market, Alameda Square, SunCal s 6th & Alameda project, Oceanwide Plaza, Circa and 1020 S Figueroa Close to Santee Court and adjacent to the Flower and Jewelry Districts and the Financial Core LA Live, Staples Center and the Convention Center are situated less than one mile away Assessor s parcel number 5145-003-012 16' ceiling height on ground floor 12' on 2nd to 5th floors Zoned LA M2 Passenger and freight elevators Plenty of available nearby contract parking Lease rental: $43,814 per month ($1.40 per sq.ft. NNN) Term: 34-1/2 years with annual increases Asking price: $11,000,000 ($351.44 per sq.ft.)
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GROUND FLOOR LAYOUT 2ND-5TH FLOORS LAYOUT RETAIL Loading Freight Elevator Freight Elevator Passenger Elevator Lobby Entrance Loading MAPLE STREET Entrance Passenger Elevator Office
Downtown Development Map
Oceanwide Plaza Beijing-based developer Oceanwide broke ground on the massive three-tower Oceanwide Plaza in March 2015. The $1 billion project comprises one 49-story tower and two 40-story buildings, all sitting on top of a 100-foot-tall podium. Plans call for the towers to hold a combined 504 condominiums and 183 hotel rooms. Circa Circa broke ground in July 2015. Plans call for a pair of 36-story high-rises with a combined 648 luxury condominiums sitting on top of a seven-story retail podium with 48,000 square feet of space for shops and 1,770 parking spaces. 1020 S Figueroa Phase 1 & 2 Chinese developer Shenzhen Hazens announced that a deal has been struck to bring a W Hotel to its $700 million South Park mega-project. The five-star, 250-room hotel will be one of two 30-story buildings in the first phase of the development along 11th Street at Figueroa and Flower Streets. 12th & Main Forest City commenced framing work on a pair of seven-story buildings in South Park. The structure at 1100 S. Hill St. will feature 177 studio to two-bedroom units above 7,500 square feet of ground-floor retail space, and there will be a pedestrian paseo connecting the edifice to the Herald Examiner Building. The second building, at 1200 S. Broadway, will contain 214 studio to two-bedroom units, also above 7,500 square feet of ground-floor retail. The $135 million project will feature 500 parking stalls and 450 bicycle parking spaces. Alameda Square Creative Space, an integrated development and marketing firm, is in the process of upgrading and turning the largely unused space into the country s largest creative campus focusing on fashion, tech and creative startups. SunCal Sixth & Alameda Irvine-based developer Suncal, in a partnership with Michael Dell s investment firm MSD Capital, spent $130 million to buy 15 acres of land in the Arts District. The project will include residential, retail and creative office components. City Market City Market South is the initial phase of the Fashion District mega-project City Market. The overall $1 billion effort would transform the 1909 complex on San Pedro and San Julian between 11th and 12th streets into creative office space and dining establishments. Ford Factory Building The former Ford Motor Factory building at the southwest corner of Seventh Street and Santa Fe Avenue will be transformed into creative office space with retail on the ground floor. San Francisco-based real estate giant Shorenstein Properties purchased the 102-year-old building and two accompanying structures for $37M. AMP Lofts The Amp Lofts would bring 320 live/work apartments and 20,000 square feet of retail space to Seventh Street and Santa Fe Avenue in the Arts District. The complex, with designs by the Shimoda Design Group, would be shaped like a J, and there would be seven-story buildings at the northern end of the property. AT Mateo ASB Real Estate Investments and Century City s Blatteis & Schnur announced plans last year to create a 130,000-square-foot Arts District retail center. They purchased the property last year for $32.5 million, and intend to spend another $30 million. SoHo House The exclusive private club SoHo House is planning on opening its second Los Angeles location in the Arts District at the corner of Santa Fe Avenue and Bay Street. The current 80,000 SF warehouse building will be completely renovated, including a rooftop pool.
Downtown Los Angeles Demographics