Lorena Tomb T: ext. 1 BRE#:
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1 Lorena Tomb T: ext. BRE#: 08975
2 Urbanlime Real Estate is pleased to present the outstanding opportunity to purchase the fee simple interest at 80 S Spring Street, Los Angeles, CA. Located in the heart of the Fashion District in Downtown Los Angeles, the property consists of a 9,5 sf property on a,79 sf lot. The property is 00% leased to a restaurant/ bar and -room boutique hotel operator and provides additional income from a leased rooftop billboard. This property provides an investor with a stabilized income property with future upside potential. PROPERTY SUMMARY Address: 80 S Spring St, Los Angeles, CA, 900 APN: Occupancy: 00% Leased GLA: 9,5 sf Lot Size:,79 sf Year built: 900 with complete structural upgrade and remodel in 06 Zoned: C-D FAR: : 80 S Spring Street
3 80 S Spring Street
4 SPRING STREET SPRING STREET MAIN STREET SPRING STREET MAIN STREET TUCK HOTEL/ BAR GARCIA: Tuck Hotel is a -room boutique hotel located in DTLA s fashion district. The hotel includes a ground floor restaurant/bar, Bar Garcia, that also serves as the lobby for the hotel s patrons. The ground floor restaurant and bar consists of,50 sf with a total capacity of 0 which include 85 seats on the interior and two outdoor areas on Spring St and Main St allowing for an additional 8 seats. The property has a CUB for a type 7 liquor license allowing on-site consumption of a full line of alcoholic beverages seven days a week until am with live entertainment. The Property went through a complete structural upgrade and remodel. Included in the structural work were new steel frames, foundations, supporting roof to floor beams and shear walls. The remodel involved extensive interior and exterior improvements to create the hotel brand and experience. 80 S Spring Street
5
6 THE NEIGHBORHOOD The Fashion District is the hub of LA s fashion Industry with 00 blocks of independently owned businesses. The district is also home to Santee Alley, LA Flower District and Fabric District. LOS ANGELES STREET STREETSCAPE The Fashion District is one of the only DTLA submarkets to have undergone a major streetscape initiative. Los Angeles Street has been recently transformed with all new crosswalks, foliage and pedestrian bump outs. DEVELOPMENT In the last years, the Fashion District has seen a dramatic increase in development. A Slew of new mixed use and adaptive reuse projects are brining new amenitites to the area. There are,00 residential units in the area with 809 under construction. By 09, the district is expected to have double the residents and an estimated 5,000 units. HOTELS: The Ace Hotel in 0 was a catalyst for the arrival of the boutique hotels in the area. Aside from the Tuck Hotel, there are new hotels announced in the area; the Hoxton, The Proper, South Mart Hotel and the new City Market proposed hotel. OFFICE: In the next two years, the Fashion District is expected to add 7,000 sf of creative office space and approximately 50,000 sf of new retail S Spring Street
7 Around Amenity MapTown - Fashion District As a part of its renaissance, the LA fashion district is thriving, with new construction and developmentas its centerpiece. 6 Adaptive reuse conversions of historic buildings have made way for over,000 residential units in the district, bringing a new dimension to this Los Angeles hib. Residents of downtown s newest neighborhood get to experience first-hand the vitality, creativity, and diversity that is the LA fashion disrict BAR / RESTAURANTS. Pattern Bar. Poppy & Rose. Preux & Proper. Peking Tavern 5. Cranes Downtown Bar 6 Broadway Bar 7. Sonora Town 8. Terroni 9. La Tropezienne Wild Living Foods. Wendell. Little Damage. The Stocking Frame 5. LA Biergarten 6. Bronzed Aussie 7. Nabeeya 8. Pattern Bar HOTEL. Ace Hotel. Tuck Hotel. Hoxton Hotel. Proper Hotel COFFEE BARS. Verve. Coffee Colab. Il Café. Starbucks THEATRES. Orpheum Theatre. Globe Theatre United Artists Theatre RETAIL / COWORK. Skin Graft. Nice Kicks. Urban Outfitters. Pop Obscure Records 5. Theory 6. A.L.C. 7. H. Merrick of California 8. Michael Costello 9. Avenue of the Arts Gallery 0. Escape Room LA. Tanner Goods. The Park Coworking. Neihule Salon DESIGN CENTERS. Cooper Design Center. California Market Center. The New Mart 7 80 S Spring Street
8 . Norton Building. Former Dearden s Building Fashion District Residences. City Market 8 5. Southern California Flower Market 6. Main Street Park & Mixed-Use Project 5 7. Mart South Hotel 8. 8 S. Los Angeles St The Western Pacific 9 0. Greyco Building. Spring Street Towers 5. Hoxton Hotel. Proper Hotel DTLA 6. California Market Center S. Broadway Broadway Lofts 7. Southern California Gas Building 8. Flor Six Four Nine Lofts 0. 0 S. Main St.. Ace Hotel DTLA. City Market South. Broadway Palace. Harris Building 5. The Max Lofts 0 6. Grether & Grether Lofts 7. Downtown Executive Complex 8. Garment Lofts 9. Tuck Hotel 8 80 S Spring Street
9 Lorena Tomb Principal P: x Lorena@urbanlimere.com BRE# Disclaimer: This information has been secured from sources we believe to be reliable, however we make no representation or warranties as to the accuracy of the information. References to square footage or age are approximate.
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