WEST 7 TH STREET LOS ANGELES, CA ELAN KERMANI

Transcription

1 WEST 7 TH STREET LOS ANGELES, CA ELAN KERMANI elan@alfredrealty.com

2 W 7TH ST TABLE OF CONTENTS Executive Summary 3 LA Map 4 Neighborhood Map 5 Neighborhood 6 Neighborhood Developments 8 Site Plan 12 Floor Plans 13 Contact 18

3 W 7TH ST EXECUTIVE SUMMARY Unique opportunity to participate in a food and alcoholcentric destination in the Westlake area between Koreatown and Downtown LA only only about 1 2 mile from the new Wilshire Grand Hotel and 1 mile from the Staples Center. Ownership has secured master land use entitlements to allow various food and beverage outlets including a full line of alcoholic beverages amongst the entire project. Thriving area, with a number of new apartment developments in walking distance. Ownership has invested approximately $2 million in the building including ADA access, fire sprinklers, new electric service, new plumbing, new roof, new sewer and seismic upgrades. 3

4 Beverly Hills West Hollywood Hollywood Echo Park Chinatown Miracle Mile Koreatown 1738 W 7th St Downtown W 7TH ST LA MAP 4

5 8th st << the macarthur park plaza hotel carondelet House macarthur park westlake/ macarthur park metro station los angeles medical center alvarado st mid-city bbq las delicias bakery wilshire blvd pacific dining car burlington ave 1738 W 7th St hotel solaire 7th street good samaritan hospital plan check el baron centro america union ave Mayfair Hotel loyola law school 110 freeway 3rd & fig la live the standard << hotel notable establishment recreation/transportation restaurant W 7TH ST NEIGHBORHOOD MAP 5

6 W 7TH ST W 7TH ST NEIGHBORHOOD 6

7 Langer s Deli; The MacArthur (Park Plaza Hotel); Teragram Ballroom; Westlake Theatre; Westlake Neighborhood; MacArthur Park W 7TH ST NEIGHBORHOOD 7

8 A 1247 W. 7th Street B 1930 W. Wilshire Blvd. / Lake on Wilshire C 2005 W. James M. Wood Boulevard D 1331 W 7th St / Seven West Apartments E 1501 Wilshire Blvd / Wilshire Valencia F 2230 W 6th St / MacArthur Park G 2929 W Leeward Ave / Leeward Plaza H 668 S. Coronado Street I 2525 Wilshire Boulevard / Zinc Apartments J 1322 W. Maryland Street K 2972 W. 7th Street park/recreation residential mixed use th W 7TH ST NEIGHBORHOOD DEVELOPMENTS 8

9 A B C D E 1247 W. 7th Street, Los Angeles Lake on Wilshire 1930 W. Wilshire Blvd, Los Angeles, W. James M. Wood Boulevard, Los Angeles, Seven West Apt 1331 W 7th St, Los Angeles, CA Wilshire Valencia 1501 Wilshire Blvd Mixed Use Mixed Use Mixed Use Mixed Use Mixed Use Proposed Proposed Proposed Completed Completed 28 story glass-clad tower. 304 residential units above and a parking garage 41 story, 479 rental units, 220 room hotel, 6 story, 100 room hotel 87 rental units 218 rental units 5,700 SF of ground floor retail Includes a grand 850 seat theatre ground floor retail 4,400 SF of ground floor retail space Developer: Lifan Group Architects: Archeon Group Developer: Infinitely Group. Developer: Canfield Development Developer: Sonny Astani, Sold for ~$80M in July W 7TH ST NEIGHBORHOOD DEVELOPMENTS 9

10 F G H I Macarthur Park 2230 W 6th St, Los Angeles, CA Leeward Plaza 2929 W Leeward Ave, Los Angeles Hartford Avenue, 5th and Witmer Streets 668 S. Coronado Street, Los Angeles, CA Zinc Apartments 2525 Wilshire Boulevard Park/Recreation Residential Residential Residential Mixed Use Proposed Proposed Proposed Proposed Under Construction $20 million of MacArthur Park to include boathouses and concessions 5 story building with 80 rental units 8 story, 174,000 SF building with 218 rental units 122 unit apartment complex 152 rental units, approx. 7,500 SF of ground floor retail space Developed by the City of Los Angeles Developer: Urban View Investments LLC Developer:Jamison Services Developer: Somerset Group W 7TH ST NEIGHBORHOOD DEVELOPMENTS 10

11 Over 2,500 residential units are in various stages of the entitlement process, under development, or are newly completed in addition to approximately 463 hotel rooms J K 1322 W. Maryland Street 2972 W. 7th Street Bixel Towers Intersection of Bixel and Ingraham Streets and approximately 25,000 square feet of retail/restaurant. Mixed Use Residential Mixed Use Proposed Proposed Proposed 47 rental units above 760 SF of retail space Six story building featuring 180 units and 15,000 SF of ground floor commercial use space 36 story tower with 422 residential units and commercial space. 7 story hotel with 126 rooms Developer: Career Lofts-LA, LLC W 7TH ST NEIGHBORHOOD DEVELOPMENTS 11

12 COMMON CORRIDOR SIDEWALK UNIT B OUTDOOR PATIO ALLEY ALLEY UNIT F 2,080 S.F. TYPE 47 UNIT E * 2,715 S.F. + 1,770 S.F. PATIO TYPE 47 UNIT D * 1,525 S.F. TYPE 47 UNIT C * 1,525 S.F. TYPE 47 UNIT A ± 3,500 S.F. TYPE 48 BURLINGTON AVE 148' SIDEWALK 7TH STREET * Units C, D, E can be contiguous ± Unit A is contiguous with units C, D, E with varying entitlements W 7TH ST SITE PLAN 12

13 RESTROOM 51 S.F. RESTROOM 51 S.F. WALK-IN COOLER 59 S.F. STAIRS UP RAMP DOWN WASH 80 S.F PREP 217 S.F. RESTROOM 61 S.F. 73 STORAGE UNIT A 1738 W. 7TH ST RESTROOM 58 S.F. 7' Type of Use: Bar '-8" '-2" Alcohol License: Type 48 Type of Alcohol: Full line STAGE 160 S.F. 22'-9" DANCE AREA 360 S.F. 72 OCCUPANTS STANDING AREA 245 S.F. 49 OCCUPANTS 26'-9" '-5" SERVICE BAR Hours of Operation: 5pm-2am Monday to Friday noon to 2am Saturday and Sunday Total Area: 3,500 SF approx. Live Entertainment, Patron Dancing, Arcade '-5" SEATING AREA 335 S.F. 13'-2" FLOOR SCALE 1/4" games: 2 skee-ball machines SKEEBALL MACHINES 51 S.F RAMP DOWN SEATING AREA 370 S.F. ENTRANCE FROM 7TH STREET PROJEC TYPE OF ALCOHO TYPE OF HOURS O TOTAL A TOTAL S PATRON LIVE ENT PATRON HAPPY H ARCADE 44'-1" PROPOSED FLOOR PLAN 13

14 21'-2" MEN'S RESTROOM 61 S.F. WOMEN'S RESTROOM 58 S.F. E L WASH 87 S.F. UNIT C 1734 W. 7TH ST 22'-7" PREP 46 S.F. KITCHEN 185 S.F. 82'-2" Type of Use: Restaurant SERVICE COUNTER Alcohol License: Type 47 Type of Alcohol: Full line '-4" Hours of Operation: 7am to 2am daily Total Area: 1,525 SF approx DINING AREA 594 S.F FLOOR PLAN SCALE 1/4" = 1'-0" 6'-5" PROJECT DETAILS: MPA W 7TH "RESTAURANT 4" ENTRY FROM 7TH STREET 11'-6" TYPE OF USE : RESTAURANT ALCOHOL LICENSE : TYPE 47 : FULL LINE HOURS OF OPERATION : 7 A.M. TO 2 A.M. DAILY : 1,525 SQ FT TOTAL SEATING : 41 TYPE OF ALCOHOL PROPOSED TOTAL AREA FLOOR PLAN 5'-5" 13'-6" 14

15 COMMON HALLWAY (NOT A PART) 21'-2" MEN'S RESTROOM 61 S.F. WOMEN'S RESTROOM 58 S.F. WASH 87 S.F. E L UNIT D 1732 W. 7TH ST PREP 46 S.F. KITCHEN 185 S.F. 22'-7" 82'-2" Type of Use: Restaurant SERVICE COUNTER Alcohol License: Type 47 11'-4" Type of Alcohol: Full line Hours of Operation: 7am to 2am daily DINING AREA 594 S.F Total Area: 1,525 SF approx '-5" FLOOR PLAN SCALE 1/4" = 1'-0" ENTRY FROM 7TH STREET '-6" TYPE OF USE PROPOSED PROJECT DETAILS: MPA W 7TH "RESTAURANT 3" : RESTAURANT ALCOHOL LICENSE : TYPE 47 TYPE OF ALCOHOL : FULL LINE HOURS OF OPERATION : 7 A.M. TO 2 A.M. DAI TOTAL AREA : 1,525 SQ FT TOTAL SEATING : 41 FLOOR PLAN 13'-6" 5'-5" 15

16 14'-11" 40'-5" 16' ' COMMON HALLWAY (NOT A PART) '-6" 9' SERVICE COUNTER '-6" '-5" 4' STORAGE 81 S.F. RESTROOM 58 S.F. 4' DANCE AREA WITH SKEE-BALL MACHINES 585 S.F. 117 OCCUPANTS ' 17'-9" 3'-8" RESTROOM 61 S.F '-1" SKEE-BALL MACHINES 102 S.F. 10'-3" 4' E L UNIT E 1730 W. 7TH ST 88'-6" OUTDOOR PATIO 1,770 S.F. 115 SEATS SERVICE COUNTER STAIRS DOWN STAIRS UP 5' 10' KITCHEN 200 S.F. WASH 130 S.F. WALK-IN COOLER 40 S.F. 8'-3" ' Type of Use: Restaurant Alcohol License: Type ADJACENT UNIT (NOT A PART) 4' SERVICE 31 16'-2" Type of Alcohol: Full line Hours of Operation: 7am to 2am daily Patio hours: Until 10PM, daily DINING AREA 548 S.F ENTRY FROM 7TH STREET FLO SCA Total Area: 2,715 SF approx. (Indoor); PR 1,770 SF approx. (Outdoor) Patio TYP ALC TYP HO TO Live Entertainment, Patron Dancing, Arcade PROPOSED FLOOR PLAN TO PAT LIV PAT HA AR games: 4 skee-ball machines 16

17 PROJECT DET 27'-6" 13' 5'-3" UP HALLWAY (NOT A PART) 140 S.F. WASH 80 S.F. 7'-2" RESTROOM 53 S.F. WOMEN'S RESTROOM 54 S.F. PREP MEN'S RESTROOM 64 S.F. KITCHEN 100 S.F. UNIT F W. 7TH ST WASH/PREP 62 S.F. SERVICE 22'-4" SERVICE COUNTER '-2" Type of Use: Restaurant Alcohol License: Type 47 Type of Alcohol: Full line 46'-8" DINING AREA 1097 S.F Hours of Operation: 7am to 2am daily Total Area: 2,080 SF approx. 2 ENTRANCE FROM 7TH STREET FLOOR PLA SCALE 1/4" = 1'-0 25'-11" PROPOSED FLOOR PLAN TYPE OF USE ALCOHOL LIC TYPE OF ALC HOURS OF OP TOTAL AREA TOTAL SEATI 17

18 UNIQUE OPPORTUNITY IN WESTLAKE BETWEEN KOREATOWN AND DOWNTOWN WEST 7 TH ST LOS ANGELES, CA ELAN KERMANI VICE PRESIDENT elan@alfredrealty.com BRE# KYLE JONES SENIOR ASSOCIATE kyle@alfredrealty.com BRE# N Robertson Blvd West Hollywood, CA alfredrealty.com BRE# The information contained herein was obtained from third parties, and the real estate brokers have not independently verified it. Tenants should choose an expert of their choice to inspect the property and verify all information. Real estate brokers are not qualified to act as or select experts with respect to legal, tax, environment, building construction, soils drainage or other such matters.