Exterior · 137 Arena Street · El Segundo, CA
El Segundo · California 90245
Smoky Hollow West · Creative Flex / R&D · Owner-User + Redevelopment
137 Arena Street presents a fully vacant, freestanding commercial building in the heart of El Segundo's most actively evolving creative and flex district — the Smoky Hollow West Specific Plan (SH-W). Offered at $1,926,500 and delivered free of lease encumbrances, enabling immediate owner-user occupancy or repositioning without transition friction.
The SH-W designation accommodates a broad palette of permitted uses — creative office, R&D, technology incubator, studio, light flex, and commercial applications — making this an ideal fit for design firms, tech-adjacent businesses, and entrepreneurial owner-operators seeking a South Bay presence.
For the land-forward buyer, the 5,724 SF SH-W parcel represents a compelling redevelopment basis. The implied land-value floor of $1.7M–$2.4M, combined with up to 50-foot height allowances, positions this as a strategic 3–5 year development play in one of the South Bay's most supply-constrained corridors.
Planning Department written documentation on permitted uses is in process and will be delivered in the due diligence package — enabling clean, confident pricing against known facts.
| Address | 301 E Colorado Suite 315 Pasadena CA 91101 |
| APN / Parcel | 4135-009-017 |
| MLS Number | P1-26499 |
| LoopNet ID | 39978883 |
| Date Listed | March 31, 2026 |
| Sale Type | Investment or Owner-User |
| Building Class | Class B |
| Year Built | 1949 |
| Listing Broker DRE | #01795440 |
| Asking Price | $1,926,500 |
| Price Per SF | $1,047 / SF |
| Building Area | 1,840 SF (rentable) |
| Lot Size | 5,724 SF (0.13 AC) |
| Stories | 2 |
| Zoning | Smoky Hollow West (SH-W) |
| Parking | 5 surface + 2-car garage w/ overhead |
| Parking Ratio | 2.72 / 1,000 SF |
| Total Assessment | $568,055 |
| Land Assessment | $325,863 |
| Improvements | $242,192 |
| Est. Annual Taxes | ~$5,883 |
| Gas | Natural Gas (connected) |
| Water / Sewer | City of El Segundo |
| Lighting | Fluorescent |
| Heating | Gas / Central |
| Cooling | Wall/Window Unit(s) |
| Accessibility | Ramp access, landscaped |
| Walk Score | 92 / Bike Score 55 |
The active comp set supports a $500–$650/SF working range for similar small flex/industrial product. The subject, delivered vacant with redevelopment optionality and SH-W zoning flexibility, commands a premium buyer profile.
| Property | Size | Asking Price | $/SF | Notes |
|---|---|---|---|---|
| 137 Arena St (Subject) | 1,840 SF | $1,926,500 | $1,047 | SH-W; vacant delivery; 2-story; 1949; redevelopment optionality |
| 208 Main St | 4,200 SF | $3,725,000 | $887 | Loft creative (Downtown SP); 5.03% cap; fully built-out |
| 805 E El Segundo Blvd | 4,060 SF | $2,390,000 | $589 | Showroom / flex |
| 139 Nevada St | 9,711 SF | $6,000,000 | $618 | Light manufacturing |
| 240 Center St | 14,350 SF | $7,950,000 | $554 | Loft creative; 6% cap; income-producing |
| 1140 E Franklin Ave | 11,350 SF | $6,242,500 | $550 | Light manufacturing |
| 1112/1116 E Imperial Ave | 4,459 SF ea. | $2,250,000 ea. | $505 | Two-property pair |
| 114 Lomita St | 3,400 SF | $1,300,000 | $382 | Smaller commercial; older basis |
Source: Broker/advisor comp set, Q1 2026. Active listings; not closed sales. All information to be independently verified. The most aggressively priced active comp (208 Main Street at $887/SF) is a Downtown Specific Plan property with superior zoning flexibility and a fully built-out, income-producing asset — reinforcing the subject's positioning for the right buyer profile.
The SH-W designation offers one of the widest by-right permitted-use palettes in the South Bay. No discretionary approval required for most flex and commercial uses — meaning qualified buyers move directly from contract to occupancy.
* Buyers must independently confirm permitted uses with El Segundo Planning Department: (310) 524-2340.
The 5,724 SF SH-W parcel at 137 Arena Street represents a structural value floor independent of the existing improvements. In an actively absorbing redevelopment submarket — where institutional developers have demonstrated consistent appetite for well-located parcels — the land alone supports a compelling bid thesis.
The Smoky Hollow Specific Plan supports a total gross development capacity of approximately 2.97 million square feet through 2040, with deliberate emphasis on higher-intensity mixed-use redevelopment. Under Community Benefits provisions, building height can reach 50 feet — unlocking meaningful additional density relative to the current 2-story, 1,840 SF footprint.
Active institutional buyers in the Smoky Hollow corridor include Ocean West, Hackman Capital, Mar Ventures, Continental Development, and GPI Companies — a deep buyer pool for an off-market conversation before any public price reduction.
Note: Land value floor is based on advisor opinion; not a guarantee of value. All development parameters must be independently confirmed with the City of El Segundo Planning Department.
El Segundo's Smoky Hollow district encompasses 120 acres of mid-century industrial and office buildings, located one mile east of Dockweiler Beach and adjacent to LAX. Originally developed for aerospace and defense contractors, the district has undergone a generational creative and tech transition since the early 2000s.
The Smoky Hollow Specific Plan — adopted after six years of city-led planning — formalizes what the market was already doing: attracting creative, technology, and R&D occupiers who value the district's human-scale character and lease rates materially below Santa Monica and Culver City.
The SH-W designation (applicable to 137 Arena Street) anchors the western, most walkable and urbanized edge of the plan area — the neighborhood's front door to Downtown El Segundo and the Pacific Coast Highway retail and dining corridor.
Key Demand Drivers
The Opportunity
"A freestanding, fully vacant building in one of LA's most coveted creative corridors — with the flexibility of SH-W zoning and the upside of a redevelopable land play."
Due Diligence Package
Qualified buyers receive data room access upon NDA execution. Package expected to include:
Offer Guidance
Offered on an as-is basis. Offers accepted on a rolling basis. Preferred terms: 21-day due diligence, 30-day close, all-cash or pre-approved financing, minimal contingencies.
Planning documentation will be in the data room before escrow opens — enabling clean, confident pricing without zoning ambiguity.
Co-Broke Commission
Buyer-side co-broke available to cooperating brokers. Confirm terms in writing prior to showing. CBRE, Newmark, Savills, Lyon Stahl, Lee & Associates — direct outreach welcome.
This is a rare opportunity to acquire a vacant, fully flexible commercial building in El Segundo's most coveted creative submarket — with immediate utility and long-term land value. Serious inquiries welcomed.
☎ Call (626) 669-1088