Custom-door king makes foray into live-work world

Warehouse conversion in Arts District would have 193 units

Jun.June 15, 2018 08:06 AM
1340 E. 6th Street

Tal Hassid, the CEO of ETO Doors, which built an online retailer for custom doors, wants to try his hand at the burgeoning live-work industry.

Hassid filed plans to add two stories to his company’s manufacturing warehouse in the Arts District and create an eight-story live-work space. The building at 1340 E. 6th Street would have 193 units and 256,000 square feet of commercial space.

Hassid filed the plans through Loftquinox LLC.

The warehouse is at the corner of Mill Street at the heart of the Arts District, which has rapidly transformed from a somewhat blighted industrial area into a hip and desirable neighborhood. Adaptive reuses of aging industrial product has helped drive that transformation.

The neighborhood has 25 projects currently in the pipeline, or one for every other block. That includes some large projects like SunCal’s 1,736-unit mixed use 6AM project, which will have two 58-story towers, a school, and 250,000 square feet of office space.

The project would be a departure for Hassid, who built a successful custom door online retailer that “offers the largest selection of doors west of the Mississippi,” according to the Los Angeles Business Journal.

In 2014 the Business Journal called Hassid a “twentysomething kid.” He bought the warehouse a year later in 2015 for $16.1 million.

Related Articles

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

9300 Wilshire Boulevard

Land under historic Beverly Hills office building sells for $25M