Entire City Block For Sale
in the Arts District Opportunity Zone
Property Overview
900 SANTA FE AVENUE, LOS ANGELES, CA
LAND AREA BUILDING SIZE BUILDING DIMENSION OFFICE AREA CLEAR-HEIGHT STRUCTURE FLOOR SLAB COLUMN SPACINg LOADING DOCKS TRAILER STORAGE TRUCK TRACTOR STORAGE AUTO PARKING FIRE PROTECTION ELECTRICAL WARRANTY
9.55 AC 40,898 SF 95’-4” x 429’ 4,850 SF 32' Wood-Framed Deck 7" Reinforced Concrete No Columns 61 Dock-High, 1 Grade-Level (Equipment by Tenant) 53 Stalls (or Expanded Car/Delivery Van Parking) 20 Stalls 75 Stalls ESFR Main Service 1,200 Amp/2,000 Amp Service 2-Year Whole Building; 20-Year Roof
Property
Location
Development
CONTACT
SIGN CA
brochure
Get in Touch
Senior Vice President Lic. No. 01766213 Dir. +1 213 532 3268 adam.tischer@colliers.com
ADAM TISCHER
Colliers International is pleased to present 900 Santa Fe Avenue in the Arts District neighborhood of Downtown Los Angeles. New to the market, this is a rare opportunity to acquire a large corner property totaling approximately 40,269 SF. With the passing of the Hybrid Industrial Zone Ordinance, the new owner will have the potential to develop a multitude of uses on the property, including retail, creative office, hospitality and residential.
Primed for a highly visible use, the property has excellent frontage on Santa Fe Avenue. Well situated in the rapidly developing southern portion of the Arts District, among well considered hospitality, creative office and retail projects, this property offers an exceptional and unbeatable opportunity to develop a one-of-a-kind project in the single most exciting up-and-coming part of the city.
Site Plan
After much anticipation, the Arts District Soho Warehouse just opened its members-only club adjacent to this premier development block. The 7-story building was built in 1916 and underwent extensive renovations, including the build-out of three restaurants, a rooftop terrace with a pool and bar, communal lounges, meeting areas, 48 hotel rooms, a 2-story gym, and a private garden on the ground floor.
WARNER MUSIC
This city block is obliquely located next to Warner Music Group’s new recording studio campus, opened earlier this year. Warner purchased and renovated the massive red brick former Ford factory building, recognizing the Arts District neighborhood's upward development cycle. With the passing of the Hybrid Industrial Zone Ordinance, there is the potential to develop a multitude of uses on the property.
900 & 910 Santa Fe Ave. Los Angeles CA 90021
Adjacent to Members Only Club Soho Warehouse and Warner Music Campus
600+ Linear Feet of Frontage with Access from Three Streets
Unbeatable Opportunity to Invest in the Arts District, One of the Fastest Growing L.A. Areas
40,269+ SF Lot with Potential to Develop Retail, Creative Office, Hospitality, Residential, etc.
Well-Located in an Opportunity Zone
Highly Visible with Signage Possible on Three Streets
Property Details
Soho Warehouse
Rolling Greens
Just one block to the east, Rolling Greens is the premier destination for unique home and garden solutions in one of the city's most exciting neighborhoods. An eclectic mix of restaurants, cafes and shops are all within walking distance. Rolling Greens includes a retail showroom full of furniture, gifts, decor, foliage, and planting containers. The property also offers a 3,200 SF event tent for hosting dinners, parties.
ADDRESS
±40,269 SF
LAND SF
5166-004-006 5166-004-024
APN(S)
LAM 3
CURRENT ZONING
Central City North
COMMUNITY PLAN AREA
District 14: Jose Huizar
CITY COUNTY DISTRICT
Central APC
AREA PLANNING COMMISSION
Downtown Los Angeles
NEIGHBORHOOD COUNCIL
725 S. Figueroa Street, Suite 3005 | Los Angeles, CA 90017
Learn more about the Los Angeles Urban Redevelopment Team
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Retail Rental Growth Over Past Two Years
Adjacent to Newly Opened Soho Warehouse
One Block from Warner Music Creative Campus
Walking Distance to Numerous Trendy Restaurants, Cafes & Shops
Art District Highlights
52.9%
MARK TARCZYNSKI
Location Highlights
900 Santa Fe Avenue is well located in the burgeoning urban oasis of the trendy Arts District in Downtown Los Angeles, 900 Santa Fe Avenue sits at the heart of one of the city’s most exciting new neighborhoods. A hub for young professional creatives in Los Angeles, the Arts District is a community rich in charm that features stylish galleries, restaurants and boutiques, many of which were formerly factories or other industrial space converted into hip lofts and creative spaces. The area’s recent influx of massive new developments and eclectic one-off establishments provide mixed-use environments where local residents are free to live, work and play.
The Arts District is bordered at its northernmost end by Little Tokyo, stretching south along the Los Angeles River to 8th Street and the 10 Freeway. The southern third of this district, where 900 Santa Fe is situated, has been the last of the area to see full-fledged revitalization. Its rich historical and industrial past, however, make it ooze with a unique character that has drawn a great influx of development and refurbishment in recent years. Over the past two years, market fundamentals in the Arts District have shown exceptional vitality. Rental rates for retail, office and multifamily properties in the area, for example, have grown significantly, particularly for retail establishments, where rents have climbed an astonishing 52.9% since the second quarter of 2017. Office rents have likewise grown a substantial 18.7% while multifamily rents have risen at a more moderate pace of 3.2%.
Easy Access to Greater Los Angeles Area via 5, 10 & 101 Freeways
Near-Private Access via 7th Place Cul-De-Sac
Backyard View to River Revitalization
Blocks Away from 6th Street Viaduct Replacement Project (2020)
Minutes from All Downtown L.A. Districts and Iconic Venues
Average Office Rental Rate
$3.87 FSG
Multifamily Units Delivered
1,401
Proposed Hotel Rooms
179
Demographics
Population within Five Miles of Property
1.23M
Expected Neighborhood Population Growth (2019-2024)
4.71%
Local Renter-Occupied Housing
81.60%
Access & Transportation
Downtown Los Angeles benefits tremendously from its position at the center of the regional transportation network. Encompassed by a circle of freeways including include the Hollywood Freeway (Hwy 101), the Santa Ana Freeway (I-5), the Santa Monica Freeway (I-10), and the Harbor Freeway (I-110), making Downtown Los Angeles one of the most accessible locations in Southern California.
Downtown L.A.
The Los Angeles Department of Transit provides several local DASH routes that serve the area, including Downtown Los Angeles. DASH conveniently provides frequent, inexpensive and convenient bus stops and is designed to serve travel within that neighborhood and to connect to other regional transit services such as Metro Rapid and local routes, Metrolink and Metro rail lines.
Dash (DTLA Bus Service)
The city’s Metro Transit Authority (MTA) operates 98.5 miles of rail line and counting, including route for the Red, Purple, Blue, Green, Orange, Silver, Gold and Expo lines. These routes, many of which converge in downtown Los Angeles, serve an average of more than 755,000 passengers a week across 93 stations in Los Angeles County from Long Beach to the San Fernando Valley to Pasadena and more.
L.A. Metro Rail System
Executive Vice President Lic. No. 01020868 Dir. +1 213 532 3278 mark.tarczynski@colliers.com
New Residential Units
Key DTLA DEVELOPMENT HIGHLIGHTS & STATS (Q1 2019)
2,276
DEVELOPMENT OVERVIEW
Downtown Los Angeles has experienced a redevelopment renaissance over the past several years with new residential, office, retail and hotel developments popping up on nearly every corner. Likewise, the Arts District neighborhood has seen a drastic influx of development dollars, quickly becoming one of the fastest growing neighborhoods in the city. The southern stretch of the Arts District, where 900 Santa Fe is located, has lately been of particular interest due not only to its as-yet untapped potential, but also because of the area’s unique vibe. Such intangible factors, coupled with strong market fundamentals, have lately combined to make the area one in which investors find considerable value.
Office Under Construction
3M SF
Proposed Retail Development
2.2M SF
Hotel Rooms Proposed
9,525
RECENT AREA DEVELOPMENT HIGHLIGHTS
Soho Warehouse | 80,000 SF Mixed-Use Hotel and Private Club
Warner Music Campus | 274,000 SF Music and Recording Studios
At Mateo | 130,000 SF Creative Office and Retail
The Row | 1.9M SF Creative Campus
Barker Block | +300 Units Residential Community
Amp Lofts | 320 Units Residential Community
DTLA DEVELOPMENT TRENDS BY PRODUCT TYPE
Residential
OFFICE
RETAIL
HOSPITALITY
