905-913 Maple Ave
Los Angeles, CA 90015
Prime Downtown Los Angeles Signalized Corner · Retail Property For Sale

The Brandon Michaels Group of Marcus and Millichap has been selected to exclusively market for sale 310 East 9th Street, a 15,774 square foot piece of land located at the SW signalized corner of 9th Street & Maple Avenue in the heart of the Fashion District of Los Angeles. The subject property is located one block from the Los Angeles Flower Market, two blocks from the City Market Development, and less than one mile away from STAPLES Center & LA Live. 310 East 9th Street is a ground lease. This is the purchase of the land only. This is the simplest ownership form of real estate available. There is absolutely zero landlord management responsibility. The existing ground lease expires July 31, 2027. At that time, the improvements will revert back to the land owner. 310 E 9th Street is a unique opportunity to purchase a management free, stable and secure cash flow in a transitioning neighborhood in one of the world’s most attractive submarkets, with the ultimate upside of taking control of the improvements in 2027. There are 10% rent increases to the ground lease every three years. The total land square footage is 15,774, zoned LAM2. The building is 15,242 square feet. Current ground rent is $514,461.36 annually, which increases to $565, 907.40 in July, 2021. Since 2015, the Fashion District has experienced unprecedented growth and development due to the neighborhood’s adaptation of new wholesale centers, as well as residential & mixed-use developments. The Fashion District averages $10 Billion in sales and employs over 30,000 people. Beginning in the early 2000s, Downtown LA has been undergoing a rapid revitalization when an adaptive reuse ordinance was passed and made it easier for developers to convert and build new spaces. In 2007, further growth-spurring changes were made to the area’s zoning rules. Today, downtown represents one of LA’s fastest-growing neighborhoods. The DTLA 2040 Plan has an expected growth of 125,000 Residents & 55,000 new Jobs. The subject property is zoned C2 and is located within a Tier 3 Transit Oriented Community (TOC), offering tremendous development opportunity in the future. There are a number of new developments in the immediate area, including City Market, Flower Market, 7th & Maple, Maxfield Lofts, 1100 Main, Gerry Building, Norton Building, and 732 S Spring. Retail in Downtown LA is also undergoing a renaissance of its own, with a growing mix of national brands, upscale boutiques, and distinct local offerings, all finding their own place in a community where fashion and food, art and culture, community and commerce have converged in a celebration of urban living.