1518 paloma street , los angeles, ca 90021€¦ · 811 wilshire blvd suite #1010 los angeles, ca...

811 Wilshire BlvdSuite #1010Los Angeles, CA 90017213.221.1288

1518 Paloma Street , Los Angeles, CA 90021

PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY

FOR SALE | INDUSTRIAL SPACE

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FRANK [email protected]: 213.221.1292C: 213.792.7007

T: 213.221.1242C: 818.468.1377 [email protected]

MARK ZAKARIAN, CCIM ZACH TONKST: 213.221.1293C: 858.414.5621 [email protected]

http://www.global-cre.com/

Table of Contents


1111 E. 16th Street & 1518 Paloma Street , Los Angeles, CA 90021

ADDITIONAL PHOTOS 4

LOCATION INFORMATION 8

DEMOGRAPHICS 10

All materials and information received or derived from Global Commercial RealEstate its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, oraccuracy, condition of the property, compliance or lack of compliance withapplicable governmental requirements, developability or suitability, financialperformance of the property, projected financial performance of the property for anyparty’s intended use or any and all other matters.

Neither Global Commercial Real Estate its directors, officers, agents, advisors, oraffiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the any materials or information provided, derived, or received.Materials and information from any source, whether written or verbal, that may befurnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. GlobalCommercial Real Estate will not investigate or verify any such matters or conductdue diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged toverify all information and to conduct their own inspections and investigationsincluding through appropriate third party independent professionals selected bysuch party. All financial data should be verified by the party including by obtainingand reading applicable documents and reports and consulting appropriateindependent professionals. Global Commercial Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. Global Commercial Real Estate does not serve as a financialadvisor to any party regarding any proposed transaction. All data and assumptionsregarding financial performance, including that used for financial modelingpurposes, may differ from actual data or performance. Any estimates of market rentsand/or projected rents that may be provided to a party do not necessarily mean thatrents can be established at or increased to that level. Parties must evaluate anyapplicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or forthe property.

Legal questions should be discussed by the party with an attorney. Tax questionsshould be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the propertycomplies with applicable governmental requirements should be discussed by theparty with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by GlobalCommercial Real Estate in compliance with all applicable fair housing and equalopportunity laws.

PRESENTED BY

Frank Lahijani

MARK ZAKARIAN, CCIMZACH TONKS

Excellent Opportunity in the Heart of Downtown Los Angeles

- 3 dock high positions- 2 ground loading doors- Built in 1907- 54% Occupied

PROPERTY OVERVIEW

The subject property is located in the San Pedro Wholesale District. It hasdirect access to all major freeways including I-10 FWY frontage. As thelocation is also in proximity to both the Arts District and South Park itprovides an ideal situation for anyone looking to be in the Downtownmarket. Currently, a portion of the property is occupied by multipletenants whose leases will expire Jan 2018 (3,000 sqft), Aug 2019 (4,000sqft), Dec 2020 (5,000 sqft). This will allow an owner/user to occupysome of the property while collecting income or grant an investor theflexibility to stabilize the asset.

LOCATION OVERVIEW

OFFERING SUMMARY

Sale Price: Subject To Offer

Price / SF: -

Lot Size: 28,606 SF

Year Built: 1907

Building Size: 22,272 SF

Renovated: 1990

Zoning: LAM2

Executive Summary



ADDITIONAL PHOTOSSECTION 1



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ADDITIONAL PHOTOS | Additional Photos


1111 E. 16th Street & 1518 Paloma Street , Los Angeles, CA 90021

ADDITIONAL PHOTOS | Additional Photos



LOCATION INFORMATIONSECTION 2



global-cre.com

FRANK [email protected]: 213.221.1292C: 213.792.7007

T: 213.221.1242C: 818.468.1377 [email protected]

MARK ZAKARIAN, CCIM ZACH TONKST: 213.221.1293C: 858.414.5621 [email protected]


LOCATION INFORMATION | Location Maps



DEMOGRAPHICSSECTION 3



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* Demographic data derived from 2010 US Census

811 WILSHIRE BLVD , SUITE #1010 • LOS ANGELES, CA 90017 • 213 .221 . 1288 • GLOBAL-CRE.COM

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 29,328 417,586 1,276,220

MEDIAN AGE 29.4 29.2 30.1

MEDIAN AGE (MALE) 28.4 28.5 29.3

MEDIAN AGE (FEMALE) 29.4 30.0 31.0

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 7,823 117,435 374,481

# OF PERSONS PER HH 3.7 3.6 3.4

AVERAGE HH INCOME $39,628 $37,347 $43,254

AVERAGE HOUSE VALUE $377,600 $429,310 $459,343

DEMOGRAPHICS | Demographics Map



811 WILSHIRE BLVD , SUITE #1010 • LOS ANGELES, CA 90017 • 213 .221 . 1288 • GLOBAL-CRE.COM

President & CEO

Sales Associate

ZACH TONKS

FRANK LAHIJANI MARK ZAKARIAN,CCIM

Senior Associate

T: 213.221.1242C: [email protected] #01992638



BROKER TEAM PAGE | Broker Team Page

PRIME DOWNTOWN LA OWNER/USER/INVESTMENT OPPORTUNITY1111 E. 16th Street & 1518 Paloma Street , Los Angeles, CA 90021

1518 paloma street , los angeles, ca 90021€¦ · 811 wilshire blvd suite #1010 los angeles, ca...

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