FOR SALE
Price Slashed!
LAND SQ.FT.:
BUILDING SQ.FT.:
Boyle Heights Development Opportunity
17,750±
53,200±
1508-1532 S Grande Vista Ave & 3212-3222 E Pico Blvd
Los Angeles, CA 90023
PROPERTY DETAILS
• Excellent Boyle Heights development opportunity
• 1.22 acres of land with frontage on three streets
• Currently zoned LA M3
• Perfect for industrial or commercial development
• FAR 3:1
• Five buildings totaling 17,750± sq.ft. on seven parcels; 1512 S Grande Vista Ave
12,000± Sq.Ft. Industrial Building on 21,012± Sq.Ft. Land
Assessor's Parcel Number_____________ 5190-030-003
1508 S Grande Vista Ave
432± Sq.Ft. Industrial Building on 4,202± Sq.Ft. Land
Assessor's Parcel Number_____________ 5190-030-002
1532 S Grande Vista Ave
732± Sq.Ft. Office Building 8,661± Sq.Ft. Land
Assessor's Parcel Number_____________ 5190-030-004
Various shapes and sizes built 1931 to 1955
3212 E Pico Blvd
4,431± Sq.Ft. Parking Lot
Assessor's Parcel Number_____________ 5190-030-015
• Block-to-block on Grande Vista Ave between Pico
Blvd and Lorena Street
• 394'± frontage on Grande Vista Ave and 261'± frontage
on Pico Blvd
• Located in Adelante Eastside Project Redevelopment Area
• Easy access to all Downtown Los Angeles Freeways
• Asking Price: $5,050,000 ($94.92 Per Sq.Ft. Land Value)
For More Information, Please Contact:
RILEY SIMAS (213) 222-1206 [email protected] CHRISTOPHER SERNA (213) 222-1201 [email protected]
3218 E Pico Blvd
1,800± Sq.Ft. Industrial Building on 5,459± Sq.Ft. Land
Assessor's Parcel Number_____________ 5190-030-014
3222 E Pico Blvd
2,800± Sq.Ft. Industrial Building on 4,719± Sq.Ft. Land
Assessor's Parcel Number_____________ 5190-030-013
No Address
4,732± Sq.Ft. Parking Lot
Assessor's Parcel Number_____________ 5190-030-001
BUYER TO INDEPENDENTLY VERIFY ALL INFORMATION
The information contained herein is furnished by sources we deem reliable, but for which we assume no liability. It is given in confidence and with the
understanding that all negotiations pertaining to the property be handled through the listing office. All measurements are approximate.
MAJOR PROPERTIES
REAL ESTATE
Commercial • Industrial • Residential
1200 West Olympic Boulevard, Los Angeles, California 90015
213.747.4151 fax 213.749.7972 www.majorproperties.com
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Boyle Heights Development Opportunity
Plat Map and Metro Transit Map
MAJOR PROPERTIES
REAL ESTATE
Commercial • Industrial • Residential
1200 West Olympic Boulevard, Los Angeles, California 90015
213.747.4151 fax 213.749.7972 www.majorproperties.com
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Boyle Heights Development Opportunity
Area Map and Development Projects
MAJOR PROPERTIES
REAL ESTATE
Commercial • Industrial • Residential
1200 West Olympic Boulevard, Los Angeles, California 90015
213.747.4151 fax 213.749.7972 www.majorproperties.com
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Boyle Heights Development Opportunity
Development Projects
1. SEARS TOWER COMPLEX: Olympic Blvd & Soto Street
MJW Investments sold the long-underused Sears complex at Olympic and Soto in Boyle Heights to prolific
DTLA developer Izek Shomof—the man behind behind the Alexandria Hotel rehab, the Title Insurance
condo project, and a new residential tower at Fourth and Broadway—for $32.1 million. The 23-acre property is home to Sears' enormous 1927 distribution center (1.8 million square feet), which still houses a
successful Sears store on its ground floor, but is abandoned up above. Shomof can fill the upper floors with
apartments or retail, but he can't tear down the Sears tower portion, as it's a Los Angeles historic-cultural
monument and Sears has an active lease that's good for more than nine decades.
2. WYVERNWOOD GARDEN APARTMENTS: 2901 E Olympic Blvd
The Miami investment firm that has owned Wyvernwood Garden Apartments since 1998 announced plans
for a $2-billion redevelopment that would nearly quadruple its size by 2020. By then, all 1,187 existing units
would be replaced with 4,400 environmentally sensitive condominiums and apartments, plus retail space. If
finished as planned, the complex would include some 24-story high-rises and rival in scope Park La Brea in
the Fairfax district of Los Angeles, one of the largest housing projects in the West. Wyvernwood would have
more than 20,000 residents served by new stores and offices.
3. THE SANTA CECILIA APARTMENTS: 125 S Boyle Avenue
This four-story mixed-use development would combine affordable housing and street-level retail, with one,
two and three-bedroom apartments going for $450 to $1,200 a month. Metro's partnering with McCormack
Baron Salazar on this project, which would rise on a 1.5-acre lot catty-corner to the Gold Line station. DE
Architects is designing the building.
4. MARIACHI PLAZA COMMERCIAL: 1804 E 1st Street
Two acres around the Gold Line station here would be used for a commercial development to include medical office space in one eight-story building and a gym with ground floor retail/food in a three-story building.
The plan currently includes a six-level parking garage in the medical building that Metro wants to shrink.
This project comes from Primestor Development, with designs by Gensler architects.
5. LAS MARIPOSAS: 2330 E 1st Street
This family-oriented affordable housing complex on a plot directly to the south of the Soto Station is set to
be developed by Bridge Housing Corporation and the East LA Community Corporation. The mixed-user
would combine 12,500 square feet of ground floor space for retail or restaurants with 49 units on the upper
floors. The complex would be between four to six stories tall, and will likely be called either Las Mariposas
or Los Lirios.
6. LOS TULIPANES: 2330 E 1st Street
Also developed by Bridge Housing Corporation and the East LA Community Corporation, this affordable
senior housing complex would rise on the lot directly to the east of the Soto Station. The mixed-user here
would be two to four stories tall, with 3,900 square feet of commercial space on the ground floor and 39
units upstairs. (This project does hinge on the purchase of a nearby lot, which is in the works.) Designs for
this and Las Mariposas are by Gonzalez Goodale Architects. Right across the street from this site, there's a
non-Metro mixed-user in the works that ELACC is developing; it will have six stories and 50 units.
7. CHAVEZ/SOTO MIXED-USE: Soto Street & Cesar Chavez Ave
Metro and Abode Communities are teaming up for this proposed two-building complex at Soto and Cesar
Chavez, just south of the King Taco. There will be two four-story buildings connected by a skybridge and
holding 54 two-bedroom units and 23 three-bedroom units; the units will be larger because developers are
aiming the complex at families.
MAJOR PROPERTIES
REAL ESTATE
Commercial • Industrial • Residential
1200 West Olympic Boulevard, Los Angeles, California 90015
213.747.4151 fax 213.749.7972 www.majorproperties.com
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