2020 E 7 th Place & 2045 E. Violet Street, Los Angeles, CA 90021 

ADDRESS

LOCATION

HISTORY

DESCRIPTION

SQUARE FOOTAGE

GENERAL FEATURES

2020 E 7 th Place & 2045 E. Violet Street, Los Angeles, CA 90021 

Arts District 

Two industrial buildings, a 32,548 square foot concrete tilt-up produce building built in 2002, and a 10,200 square foot vintage brick warehouse built in 1941.

Separated buildings into two unique parcels. 2020 E 7th Street was leased to an organic produce wholesaler. 2045 E Violet Street was fully upgraded from a blighted warehouse to a Class A creative office building for a single tenant.

42,748 sf building / 72,208 sf land

Polished concrete floors 

Elevated deck and planters 

Custom monumental door and window system 

New kitchen, office, conference and rest rooms 

Storm water mitigation 

Insulated roof 

High efficiency heating and air conditioning systems

CASE STUDY

FINANCIAL RESULTS

Strategically located in the emerging area of the Arts District, south of 7th Street and neighboring several key neighborhood assets and popular destinations, 2020 E 7th Place & 2045 E Violet St are two industrial buildings, a concrete tilt-up produce building built in 2002, and a vintage brick warehouse built in 1941, that total 42,748 of building on 72,208 square feet of land. 

 

Knowledgeable of a strained business partnership, The Borman Group facilitated the acquisition of a 50% interest buy out and new joint venture partnership for the buildings 2020 E 7th Pl & 2045 E Violet Street in July 2014. 

 

The Borman Group repositioned the asset by separating the two parcels. 2020 E 7th Street was leased to an organic produce wholesaler and will be entitled for 300 multifamily units. 2045 E. Violet Street was fully upgraded from a blighted warehouse to a Class A creative office building for a single tenant. Work included converting loading bays into new steel window and door assemblies, replacing dilapidated building elements with eco friendly materials, the creation of a highly functional outdoor space and a full mechanical upgrade. The current user is a single tenant in the fashion design business, Splits 59.

 

The property was sold in 2019 in an off market transaction to an institutional buyer for
$32,000,000 or $749 psf.

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