Listing banner image
  • Asking Price (Sale)
    $14,350,000Asking Price (Sale)
  • Property Type
    RetailProperty Type
  • Acres
    -Acres
  • Gross Leasable Area (SF)
    56,914 SFGross Leasable Area (SF)
  • City
    Los AngelesCity
  • Units
    -Units

Description

Kidder Mathews is pleased to present the opportunity to acquire nine (9) related properties in Los Angeles' Chinatown neighborhood. Site improvements total ±57,000 SF across multiple property types inclusive of industrial, retail and specialty-use (parking lot). Combined, the parcels total 1.88-acres of which all are zoned [DM2-G1-5] [CX2-FA] [CPIO], allowing for a wide range of permissible uses including mixed-use residential options aimed at creating versatile urban spaces.

The subject site is situated 1-mile northeast of Downtown Los Angeles and benefits from a central location with proximity to Union Station, Metro Light Rail access. Additionally, location is adjacent to highly-amenitized neighborhoods such as Little Tokyo and the Arts District. The area’s walkability, cultural heritage and proximity to employment centers continue to attract both residential and commercial interest.

The surrounding area has experienced a notable increase in new residential and retail development activity in the past decade as demand for housing in the submarket remains elevated. Specifically, Chinatown has experienced an increasing number of mixed-use and multifamily developments, either recently delivered or in the pipeline.

Documents

Offering Summary

  • Asking Price
    $14,350,000
  • Property Type
    Retail
  • Occupancy
    0%
  • Total Acres
    ~1.88 ac

Documents

Property Address

615-672 N Spring St & 638-648 New High St
Los Angeles, CA 90012

Deal Team

Peter Beauchamp profile image

Peter Beauchamp

Kidder Mathews
CA RE Lic. 01151023
Nathan Thinnes profile image

Nathan Thinnes

Senior Vice President Senior Vice President
Kidder Mathews
Darren Tappen profile image

Darren Tappen

Regional President Regional President
Kidder Mathews
AZ RE Lic. SA510719000

Description

Kidder Mathews is pleased to present the opportunity to acquire nine (9) related properties in Los Angeles' Chinatown neighborhood. Site improvements total ±57,000 SF across multiple property types inclusive of industrial, retail and specialty-use (parking lot). Combined, the parcels total 1.88-acres of which all are zoned [DM2-G1-5] [CX2-FA] [CPIO], allowing for a wide range of permissible uses including mixed-use residential options aimed at creating versatile urban spaces.

The subject site is situated 1-mile northeast of Downtown Los Angeles and benefits from a central location with proximity to Union Station, Metro Light Rail access. Additionally, location is adjacent to highly-amenitized neighborhoods such as Little Tokyo and the Arts District. The area’s walkability, cultural heritage and proximity to employment centers continue to attract both residential and commercial interest.

The surrounding area has experienced a notable increase in new residential and retail development activity in the past decade as demand for housing in the submarket remains elevated. Specifically, Chinatown has experienced an increasing number of mixed-use and multifamily developments, either recently delivered or in the pipeline.

Documents

Offering Summary

  • Asking Price
    $14,350,000
  • Property Type
    Retail
  • Occupancy
    0%
  • Total Acres
    ~1.88 ac

Documents

Property Address

615-672 N Spring St & 638-648 New High St
Los Angeles, CA 90012

Deal Team

Peter Beauchamp profile image

Peter Beauchamp

Kidder Mathews
CA RE Lic. 01151023
Nathan Thinnes profile image

Nathan Thinnes

Senior Vice President Senior Vice President
Kidder Mathews
Darren Tappen profile image

Darren Tappen

Regional President Regional President
Kidder Mathews
AZ RE Lic. SA510719000
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