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1800 S. GRAND AVE 1800 S. Grand Ave, Los Angeles, CA 90015

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www.kwcommercial.com

KW COMMERCIAL

700 S. Flower Street,

Suite 2900

Los Angeles, CA 90017

ALAN ROBERSON

Director

202.425.0885

avroberson@kwcommecial.com

BRE #01379402

PROPERTY HIGHLIGHTS

PROPERTY OVERVIEW

The existing owner-user 1922 all brick construction warehouse property at the southern most end of

downtown Los Angeles' South park district was originally used by a small clothing manufacturing

company. The current owner/user is an Architectural Antique Business. The building is on the

southeast corner of 18th and Grand Ave visible from the Santa Monica Fwy. The property owner will

vacate. Existing use code 3200 -heavy manufacturing.20 foot ceilings.*Approx 14928 sqft.(per seller)

LA city records show 7130 sqft.

Zoned M2-2-0

Greater Downtown Housing Incentive

Los Angeles State Enterprise Zone

CRA Development Area

Owner Development Investor Opportunity

1800 S. Grand Ave, Los Angeles, CA 90015

1800 S. GRAND AVE

INDUSTRIAL PROPERTY FOR SALE

Sale Price:

$5,500,000

Lot Size:

0.23 Acres

Building Size:

11,729 SF

Grade Level Doors:

1

Dock High Doors:

0

Ceiling Height:

18.0 FT

Year Built:

1922

Zoning:

LAM2

(2)

www.kwcommercial.com

KW COMMERCIAL

700 S. Flower Street,

Suite 2900

Los Angeles, CA 90017

ALAN ROBERSON

Director

202.425.0885

avroberson@kwcommecial.com

BRE #01379402

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PROPERTY HIGHLIGHTS

• Zoned M2-2-0

• Greater Downtown Housing Incentive

• Los Angeles State ENTERPRISE ZONE - CD 14 - Jose Huizar

• CRA Development Area

• Great Owner Development Investor Opportunity

• *Per Seller:Property size is estimated at 11,729 SF with 2,424 sqft. upper

level office

• *14,153 approx total sqft

• 600 amp Phase 3

• 6:1 FAR

• Near Staples Center and other high profile projects

1800 S. Grand Ave, Los Angeles, CA 90015

1800 S. GRAND AVE

INDUSTRIAL PROPERTY FOR SALE

POPULATION

1 MILE

3 MILES

5 MILES

TOTAL POPULATION

34,154

545,679

1,261,092

MEDIAN AGE

27.7

30.1

31.1

MEDIAN AGE (MALE)

28.0

29.5

30.1

MEDIAN AGE (FEMALE)

27.3

30.9

32.3

HOUSEHOLDS & INCOME

1 MILE

3 MILES

5 MILES

TOTAL HOUSEHOLDS

10,937

166,733

391,007

# OF PERSONS PER HH

3.1

3.3

3.2

AVERAGE HH INCOME

$40,093

$38,537

$46,234

(3)

www.kwcommercial.com

KW COMMERCIAL

700 S. Flower Street,

Suite 2900

Los Angeles, CA 90017

ALAN ROBERSON

Director

202.425.0885

avroberson@kwcommecial.com

BRE #01379402

1800 S. Grand Ave, Los Angeles, CA 90015

1800 S. GRAND AVE

(4)

www.kwcommercial.com

KW COMMERCIAL

700 S. Flower Street,

Suite 2900

Los Angeles, CA 90017

ALAN ROBERSON

Director

202.425.0885

avroberson@kwcommecial.com

BRE #01379402

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

1800 S. Grand Ave, Los Angeles, CA 90015

1800 S. GRAND AVE

(5)

www.kwcommercial.com

KW COMMERCIAL

700 S. Flower Street,

Suite 2900

Los Angeles, CA 90017

ALAN ROBERSON

Director

202.425.0885

avroberson@kwcommecial.com

BRE #01379402

1800 S. Grand Ave, Los Angeles, CA 90015

1800 S. GRAND AVE

(6)

www.kwcommercial.com

KW COMMERCIAL

700 S. Flower Street,

Suite 2900

Los Angeles, CA 90017

ALAN ROBERSON

Director

202.425.0885

avroberson@kwcommecial.com

BRE #01379402

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

1800 S. Grand Ave, Los Angeles, CA 90015

1800 S. GRAND AVE

(7)

AIR Sale Transaction Profile

 

 

Industrial Sale Comp

447 Hewitt St

Los Angeles, CA 90013

E 5th St / Hewitt St

TG: 634 ­ H5

LA Central ­ CBD

APN #: 5163022017

Property / Comp ID#: 688620 / 1339264

Property Information:

Transaction Information:

Specific Use

Light Industrial

Lot Size

7,340 SF / 0.17 AC

Building Size

12,000 SF

Condo

No

Year Built / Renovated

1907R85

Construction Type

Brick/Block

Construction Status

Existing

Parking Ratio / Spaces

0.25:1 / 3

Zoning

LAM3

Building Class

­ ­

Rail

No

Office SF

­ ­

Dock Doors

0

Ground Level Doors

1 / 10x12

Yard

No

Finished Mezz / Inc in Total Avl

0 / No

Unfinished Mezz / Inc in Total Avl

0 / No

Clear Height

10

Sprinklers

None

Amps

100

Volts

240

Phase

3

Property Comments

The property is a 108­year old, single­story

industrial building located in the NW

quadrant of E 5th St and Hewitt St.

Buyer

Peykar Family Trust

Buyer From

­ ­

Seller

Donald P Miller

Sale Date

6/24/2015

Sold SF

12,000

Comp Sale Price

$5,700,000

Comp Sale Price/SF

$475.00

Sale Type

Owner/User

Config Type

­ ­

NOI

­ ­

Cap Rate

­ ­

Income Comments

­ ­

Listing Information:

Listing Type

Owner/User

Available SF

12,000

Vacant SF

12,000

Asking Sale Price

$5,999,000

Asking Sale Price / SF

$499.92

Taxes / Tax Year

$0.54 PSF / 2012

Months ­ Date on Market

23 Mos ­ 7/11/13

Comments:

Donald P Miller conveyed a 12,000 SF industrial 

building, located at 447 Hewitt St, in Los Angeles, CA to 

Mary and Moussa Peykar, trustees of the Peykar Family 

Trust for $5,700,000.  The purchase was financed by a 

loan from East West Bank. Martin Beck and Bradly 

Luster with Major Properties were the listing agents. 

Derrick Moore with Avison Young represented the 

 

 

 

 

 

 

 

This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it

and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy.

 

AIR Sale Transaction Profile

 

 

(8)

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