777 - 781 east 14th place, los angeles · los angeles › prime garment area - very close to san...
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777 - 781 EAST 14TH PLACE, LOS ANGELES
N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E
C O N F I D E N T I A L I T Y & D I S C L A I M E RThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving
it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing
Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in
the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made
any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial
performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects
of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has
been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein,
nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus &
Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & Millichap. All rights reserved. Activity ID: Z0140740
N O N - E N D O R S E M E N T N O T I C EMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of
any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its
affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant
lessee information about this listing to prospective customers.
A L L P R O P E R T Y S H O W I N G S A R E B Y A P P O I N T M E N T O N L Y.P L E A S E C O N S U L T Y O U R M A R C U S & M I L L I C H A P A G E N T F O R M O R E D E T A I L S .
BRENT KOOVice President Investments
Corporate SolutionsDirect: (213) 943-1846 // Cell: (213) 503-0606
[email protected]: CA 01915382
LEX YOOVice President InvestmentsInvestment & Development
Direct: (213) 943-1844 // Cell: (213) [email protected]
License: CA 01879695
E X C L U S I V E LY L I S T E D B Y
EXECUTIVE SUMMARY
777 - 781 East 14th Place offers a unique opportunity for a buyer to purchase a property in the heart of The Downtown Garment District.
777 East 14th Place consists of a one-story concrete block warehouse building that contains 4,216 square feet on a 6,327 square
foot interior parcel. The interior contains a demised storage area that has 1,040 square feet and a potential office area that con-
tains an estimated 380 square feet. There is a steep stairway in this area that provides access to a small mezzanine storage area.
This area is not included in the building square footage. There is one small shop restroom, and 400-amps of power. It has an es-
timated clear height of 14 feet. The majority of the premises has been covered with metal sheets which makes it very unique.
781 East 14th Place consists of a four-level concrete block showroom/warehouse building that contains an estimated 16,144 square
feet of floor area on a 6,321 square foot interior parcel. Measurements taken during the property inspection of each level supports the
total building square footage as shown on the assessor tax roll of 16,144 square feet. There are two full floors and two other levels called
mezzanines. These floors alternate with a 1st floor, mezzanine level, 2nd floor, and mezzanine level. The 1st and 2nd floors cover the
entire building and the mezzanine levels cover a portion of the building. The ceiling heights are 7½ to 8 feet. There are interior stairways
to the different levels at the front and rear of the building. The building footprint is 40 by 120 feet or 4,800 square feet for the 1st and
2nd floors or 9,600 square feet. The remaining areas are the two mezzanine levels. There are fire sprinklers, alarm system with cameras
and HVAC. There is an open lift at the rear of the building to load items between floors. There are two ground-level loading doors at the
front and two at the rear of the building. The two loading doors at the front have curb cuts however are not uses for loading even though
there are roll-up doors. There are four concrete-paved tandem parking spaces at the rear of the building with access from the alley.
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7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E L O S A N G E L E S
( T W O A D J O I N I N G P R O P E R T I E S )
PROPERTY DESCRIPTION
ASKING PRICE:
TYPE:
BUILDING SIZE:
LOT SIZE:
YEAR BUILT:
PARKING RATIO:
ZONING:
APN:
$ 5,000,000
Industrial
+/- 13,816 SF
+/- 12,648 SF
1981
0.3 / 1,000
M2-4
5132-020-030, 5132-021-001
*
* A 4-level concrete block showroom/warehouse building that contains an estimated 16,144 SF of floor area. Ceiling heights are 7½ to 8 feet. There are interior stair-
ways to the different levels at the front and rear of the building. The building footprint is 40 by 120 feet or 4,800 SF for the 1st and 2nd floors or 9,600 SF. The remaining
areas are the 2 mezzanine levels. There are wood glu-lam beams with wood joists. There are fire sprinklers, alarm system with cameras and HVAC. There is recessed
can lighting and suspended strip fluorescent light fixtures. Flooring consists of a combination of wood floor cover and stamped steel panels. There is an open lift at the
rear of the building to load items between floors. There are 2 ground-level loading doors at the front and two at the rear of the building. There are 400-amps of power.
There are 4 concrete-paved tandem parking spaces at the rear of the building with access from the alley. There is a wrought-iron rolling gate along the rear property line.
7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E 7
TYPE:
BUILDING SIZE:
LOT SIZE:
YEAR BUILT:
CONSTRUCTION:
ZONING:
APN:
Industrial
+/- 4,216 SF
+/- 6,327 SF
1981
Masonry
M2-4
5132-020-030
PROPERTY DESCRIPTION
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7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E8
TYPE:
BUILDING SIZE:
UNPERMITTED MEZZANINE:
GLA
LOT SIZE:
YEAR BUILT:
CONSTRUCTION:
ZONING:
APN:
Industrial
+/- 9,600 SF
+/- 6,544 SF
+/- 16,144 SF
+/- 6,321 SF
1981
Masonry
M2-4
5132-021-001
PROPERTY DESCRIPTION
7 8 1 E A S T 1 4 T H P L A C E L O S A N G E L E S
7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E 9
7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E L O S A N G E L E S
› Prime Garment Area - Very Close to San Pedro Mart
› Building Completely Remodeled Throughout
› Fenced Parking and Loading
› Ideal for All Uses Including Garment Manufacturing, Warehousing, and/or Creative Office
PROPERTY HIGHLIGHTS
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Fashion District
Art District
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LOCATION MAP
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AERIAL MAP
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PARCEL MAP
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SITE PLAN
N
EA
ST 1
4TH
STR
EE
T
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3,120 SF
120’ 0”
40
’ 0
”
1,680 SF
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781 EAST 14TH PLACE FLOOR PLAN FIRST FLOOR
40
’ 0
”
2,644 SF
70’ 11”
Unpermitted
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781 EAST 14TH PLACE FLOOR PLAN FIRST FLOOR MEZZANINE
4,800 SF
120’ 0”
40
’ 0
”
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781 EAST 14TH PLACE FLOOR PLAN SECOND FLOOR
3,900 SF
102’ 5”
40
’ 0
”
Unpermitted
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781 EAST 14TH PLACE FLOOR PLAN SECOND FLOOR MEZZANINE
1
2
3
5
4
6
7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E22
SALES COMPARABLES
Close of Escrow:Sales Price:Rentable SF:Price / SF:
10/05/2017$2,100,0005,088$412.74
11/06/2017$3,926,00014,342$273.74
05/22/2018$2,400,0006,240$384.62
11/22/2017$2,357,0009,634$244.65
02/14/2018$2,625,0004,960$529.23
05/03/2017$2,000,0004,210$475.06
Close of Escrow:Sales Price:Rentable SF:Price / SF:
Close of Escrow:Sales Price:Rentable SF:Price / SF:
Close of Escrow:Sales Price:Rentable SF:Price / SF:
Close of Escrow:Sales Price:Rentable SF:Price / SF
Close of Escrow:Sales Price:Rentable SF:Price / SF:
1 2
4
65
3
1531 Paloma Street, Los Angeles 805 East 14th Place, Los Angeles
757 East Pico Boulevard, Los Angeles
1020 East 14th Street, Los Angeles810 East 14th Street, Los Angeles
1100 East 14th Street, Los Angeles
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PROPERTY PHOTOS
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7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E 29
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7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E32
7 7 7 - 7 8 1 E A S T 1 4 T H P L A C E 33
BRENT KOOVice President Investments
Corporate SolutionsDirect: (213) 943-1846 // Cell: (213) 503-0606
[email protected]: CA 01915382
LEX YOOVice President InvestmentsInvestment & Development
Direct: (213) 943-1844 // Cell: (213) [email protected]
License: CA 01879695
E X C L U S I V E LY L I S T E D B Y