1521-1525 S Los Angeles Street

redevelopment

OPPORTUNITY

Matthew Real Estate Investment Services™ is pleased to offer a unique opportunity to acquire entitlements for a new construction Self-Storage building in the heart of the Fashion District in Downtown Los Angeles. The city has approved entitlements for a five-story, 47,094 net gross SqFt self-storage facility located at the northwest corner of Los Angeles Street and 16th Street. The development, located at 1521-1525 S Los Angeles Street, will replace two adjacent commercial buildings that are currently occupied by multiple tenants that are majority on month-to-month leases.

Entitlements Issued by the City of Los Angeles for New Construction Self-Storage Building in the Heart of the Fashion District in Downtown Los Angeles

Approved Entitlements for 5-Story, 72-foot high, 47,094 Net Gross SqFt Self-Storage Facility for Household Goods with 14 Parking Spaces
Unique Opportunity for Developer to Purchase Approved Entitlements | Eliminating 3 Years of Approval Process with City of LA & Huge Savings on Carrying Costs
Potential to Amend Entitlements to Add Two (2) Additional Subterranean Levels Adding More Rentable SqFt *To be Verified and Confirmed by City of LA
Located in Opportunity Zone | Huge Tax Incentives with Potential of No Capital Gains Taxes (Confirm Details with Attorney & CPA)
Purchasing 2 Adjacent Parcels with a Total Lot Size of 15,729 SqFt (.36 Acres) | Corner Lot on E 16th St and S Los Angeles St with Alley Access
Prime Location in the Heart of the Fashion District | Right Off 10 and 110 Freeways Making this an Ideal Location That’s Steps from Crypto Arena, LA Live, Los Angeles Convention Center, and Microsoft Theater
An Abundance of Renters from Various Residential and Commercial Neighborhoods in Downton Los Angeles | Centrally Located Between USC to the South, Financial District to North, Koreatown to the West, and Arts District to the North

Los Angeles officially the City of Los Angeles and often known by its initials L.A., is the most populous city in California; the second most populous city in the United States, after New York City; and the third most populous city in North America, after Mexico City and New York City. With an estimated population of nearly four million people, Los Angeles is the cultural, financial, and commercial center of Southern California.

The city of Los Angeles holds many distinctions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, many of them world-class, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportunities like those presented in the expanding tech industry, Los Angeles is the place to be.

APPROVED SELF-STORAGE

REDEVELOPMENT OPPORTUNITY

OPPORTUNITY

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