11554-11558 SANTA MONICA BLVD

KIDDER.COM

11554-11558 SANTA MONICA BLVD

OFFERING MEMORANDUM | LOS ANGELES, CA 90025

SANTA MONICA BLVDSANTA MONICA BLVD

211554-11558 SANTA MONICA BLVD OFFERING MEMORANDUM KIDDER MATHEWS

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

EXCLUSIVELY LISTED BY

TABLE OF CONTENTS 01

INVESTMENT SUMMARY

02PROPERTY DESCRIPTION

03FINANCIALS

04MARKET OVERVIEW

CHARLES DESANTIS

Executive Vice [email protected] N° 00961029

BRITTNEY MCCARTHY

Vice [email protected] N° 01947053

311554-11558 SANTA MONICA BLVD OFFERING MEMORANDUM KIDDER MATHEWS

01INVESTMENT

SUMMARYINVESTMENT SUMMARY

INVESTMENT HIGHLIGHTS

PROPERTY AERIAL

Kidder Mathews is pleased to exclusively offer for sale the fee simple interest in 11554-11558 Santa Monica Blvd., Los Angeles.

THE OFFERING

This prime Westside retail property features 3 retail tenants and includes the billboard sign as well.

This retail property currently contains 3 retail tenants and includes a billboard as well. The property is centrally located on

INVESTMENT SUMMARY

Santa Monica Blvd., right off the 405 Freeway and the 10 Freeway located in the heart of West LA. Located just minutes from the prestigious LA neighborhoods of Brentwood, Santa Monica, Westwood and Mar Vista. The property presents a great opportunity for an owner user, since the tenants are all on short term leases, or an investor seeking to reposition the property.

PROPERTY OVERVIEW

Address 11554-11558 Santa Monica Blvd Los Angeles, CA 90025

APN 4261-013-002

Lot Area 6,043 SF

SF of Improvements 3,000

Year Built 1959

Parking 10 Spaces

11554-11558 SANTA MONICA BLVD OFFERING MEMORANDUM KIDDER MATHEWS 4

EXCEPTIONAL EXPOSURE on Santa Monica Blvd. with over 50 feet of frontage

STRONG Southern California demographics with over 53,000 residents in a 1-mile radius and over 547,619 residents and average household incomes exceeding $135,000 in a 5-mile radius

POSITIONED on a major East - West thoroughfare in Los Angeles, extending from Santa Monica to the Sunset Junction of the Silver Lake neighborhood

TEN onsite parking spaces directly behind the subject property with plenty of surrounding street parking

SURROUNDED by new construction developments

HIGH DEMAND retail location in West LA sought after by local and national credit retail tenants alike

EXTREMELY high barriers to entry area with limited re-positioning opportunities that exist

PUBLIC PARKING lot directly behind the Property

SHORT TERM leases with below market rents

LOCATED a few blocks West from Los Angeles' famed Japantown

INVESTMENT HIGHLIGHTS


SANTA MONICA BLVD

SANTA MONICA BLVD

OHIO AVE

OHIO AVE

IDAHO AVE

IDAHO AVE

COLBY AVE

COLBY AVEBUTLER AVE

BUTLER AVE

FEDERAL AVE

FEDERAL AVE

BARRY AVE

BARRY AVE

S BARRINGTON AVE

S BARRINGTON AVE

PROPERTY AERIAL

SUBJECT PROPERTY


02PROPERTY

DESCRIPTIONPROPERTY DETAILS

REGIONAL MAP

AMENITIES MAP

METRO LINE EXTENSION


PROPERTY DETAILS

Address 11554-11558 Santa Monica Blvd Los Angeles, CA 90025

APN 4261-013-002

Building Area 3,000 SF

Lot Area 6,043 SF

Year Built 1959

Parking 10 Spaces

PROPERTY DESCRIPTION11554-11558 Santa Monica Blvd. (“Property”) is a stand-alone, single story, ±3,000 SF retail building located in the heart of West Los Angeles. The property is exceptionally located on the busy thoroughfare of Santa Monica Blvd. which boasts over 33,000 cars per day. The Property is currently fully occupied by a Grocer, iPad repair store, a Karate Studio and L&M Motors. Additionally, the current ownership benefits from an income stream attributed to the Billboard sign. Most of the tenants’ leases expire within the next few months making this an ideal user or value add investment opportunity.


John Wayne Airport

Ontario International Airport

Hollywood Burbank Airport

Los Angeles International Airport

Long Beach Airport

LONG BEACH

SANTAANA

ORANGEGARDEN GROVE

STANTON

CYPRESS

WESTMINSTER

ANAHEIM

BUENA PARK

LA HABRA

HACIENDAHEIGHTS

WEST COVINA

DIAMOND BARCHINO

POMONAONTARIO

PICORIVERA

DOWNEY

CERRITOSLAKEWOOD

TORRANCE

HAWTHORNE

BEVERLY HILLS

GLENDALE

BURBANK

PASADENA

LOS ANGELES

SANTAMONICA

CARSON

GARDENA

HUNTINGTONPARK

MONTEBELLO

ALHAMBRA

YORBA LINDACORONA

HUNTINGTONBEACH

COSTAMESA

IRVINE

LAKE FOREST

SUNSET BEACHFOUNTAIN

VALLEY

MIDWAY CITY

GOLDENWEST

IRVINESPECTRUM

CENTERTURTLE ROCK

NORTHWOOD

TUSTIN

NORTHTUSTIN

ANAHEIM HILLS

SANTIAGOCANYON

SILVERADO

MODJESKACANYON

TRABUCOCANYON

VILLA PARK

PLACENTIAFULLERTON

BREALA MIRADA

LA HABRAHEIGHTS

SANTA FESPRINGS

PARAMOUNTCOMPTON

WEST CARSON

REDONDOBEACH

MANHATTANBEACH

EL SEGUNDO

INGLEWOOD

LADERAHEIGHTS

PLAYA DEL REY

MARINADEL REY

SOUTH LOSANGELES

CULVERCITY

PACIFICPALISADES

BRENTWOOD

WESTWOOD

BEL AIR

STUDIO CITY

HOLLYWOOD

CENTRAL LA

MID CITY

LOS FELIZ NORTHEASTLOS ANGELES

ENCINO

RESEDA

WOODLANDHILLS

CANOGA PARK

CALABASAS

SHERMAN OAKS

VAN NUYS NORTHHOLLYWOOD

SUN VALLEY

LOMITAWILMINGTON

SIGNAL HILL LOS ALAMITOS

SEAL BEACHSAN PEDRO

ROLLING HILLSRANCHO

PALOS VERDES

ROLLINGHILLS ESTATES

WILLOWBROOK

LYNWOOD

SOUTH GATE

BELLGARDENS

COMMERCE

SOUTHWHITTIER

WHITTIER ROWLANDHEIGHTS

EAST LOS ANGELES

SOUTH ELMONTE

CITY OFINDUSTRY WALNUT

CHINO HILLS

EASTVALESLEEPY HOLLOW

UPLANDRANCHO

CUCAMONGA

ALTA LOMA

SAN ANTONIOHEIGHTS

GLENDORAAZUSADUARTE

COVINA

SAN DIMASLA VERNE CLAREMONT

MONTCLAIRBALDWIN PARK

ARCADIA

SIERRA MADRE

ALTADENA

LA CAÑADAFLINTRIDGE

LA CRESCENTA-MONTROSE

EL MONTE

ROSEMEAD

MONTEREY PARK

NORWALK

ORANGEPARK ACRES

EL MODENA

ANAHEIMRESORT

PLATINUMTRIANGLE

SOUTH COASTMETRO

PACIFIC OCEAN

Mt Baldy

FirestoneScout

Reservation

Chino HillsState Park

LimestoneCanyon

Regional Park

Whiting RanchWilderness Park

Upper LasVirgenes

Canyon OpenSpace Preserve

TopangaState Park

SUBJECT PROPERTY

REGIONAL MAP


EAT + DRINK

1 Father's Office

2 R+D Kitchen

3 Sweet Lady Jane

GROCERY + SHOPPING

1 Pavilions

2 Trader Joe’s

3 Bristol Farms

4 Ralphs

5 Santa Moncia Place

6 3rd Street Promenade

7 Whole Foods

8 Sawtelle - Japantown

HEALTH + SERVICES

1 VA Healthcare Center

2 VCA Miller Animal Hospital

3 TriFit Club & Studios

4 Soul Cycle

5 CVS Pharmacy

6 UCLA Medical Center

7 Chevron

8 LA Fitness

INSTISUTIONS

1 Bank of America

2 Wells Fargo

3 Santa Monica College

4 Santa Monica Public Library

5 University High School Charter

HOTEL

1 Comfort Inn

2 Palihouse

3 Days Inn

4 Chamberlain Hotel

5 Cal Mar Hotel Suites

6 The Ambrose

7 Gateway Hotel

8 Channel Road Inn

4 Mom's Bar

5 IHOP

6 Fig & Olive

7 The Nickel Mine

8 Blueys Kitchen

9 Milo & Olive

10 Blue Jam Cafe

11 Huckleberry Cafe

12 Wendy's

13 Bay Cities Italian Deli

14 DK's Donuts & Bakery

15 Rocco's Cheesecake

16 Subway

17 Yoshinoya

1

2

3

5

6

7 8

1

1

2

3

4

5

8

6

7

4 2

5

1

4

32

7

8

1 2 3

4 5

6

78

10

12

1314

9

6

SANTA MONICA BLVD

OLYMPIC BLVD

BU

ND

Y D

R

PICO BLVD

BRENTWOOD

SANTA MONICA

SAWTELLE

4

11

SUBJECT PROPERTY

3

15 16

17

PACIFIC PALISADES


METRO PURPLE LINE EXTENSION

The Purple Line is currently undergoing construction to extend the line by 2026 with new stations servicing Beverly Hills, Westwood and Brentwood. With a central location, tenants will have high speed and traffic-free access to major employment centers including the Westside, Mid-Wilshire, Hollywood, and Downtown Los Angeles. Eventually, the line is expected

to connect with a planned rail route between the Westside and the San Fernando Valley, as well as a proposed northern extension of the under-construction Crenshaw/LAX Line. This high level of accessibility appeals to the target renter looking to have easy access to all that Los Angeles has to offer, whether it be for work or play.

CULVER CITY

WEST LOS ANGELES

BEVERLY HILLS

MID-CITY

WESTWOOD

KOREATOWN

HOLLYWOODWEST HOLLYWOOD

SANTA MONICA

BE

VE

RLY

DR

WASHINGTON

BEVERLY BLVD

SUNSET

HOLLYWOOD BLVD

WILSHIREOLYMPIC

WE

ST

ER

N

SANTA MONICA FWY

CR

EN

SH

AW

JEFFERSON

EXPOSITION

LA

CIE

NE

GA

LA

BR

EA

VENICE BLVD

VENICE BLVD

SANTA M

ON

ICA B

LVD

WIL

SHIR

E

SUNSET

BUNDY

PICO PICO

SAN

DIEG

O FW

Y

WESTW

OO

D B

LVD FA

IRFA

X

SAN

VIC

ENTE

Westwood / VA Hospital

Downtown Santa Monica

17th St / SMC

26th St / Bergamot

Expo / Bundy

Expo / Sepulveda

Westwood / UCLA

Westwood / Rancho Park

Culver City La Cienega /

Jefferson Expo / La Brea Farmdale Expo /

Crenshaw Expo / Western

Expo / Vermont

Expo Park / USC

Palms

Wilshire / Rodeo Wilshire /

La Cienega Wilshire / Fairfax

Wilshire / La Brea

Wilshire / Western

Wilshire / Vermont

Vermont / Beverly

Vermont / Santa Monica

Hollywood / WesternHollywood / Highland

Hollywood / Vine Vermont / Sunset

Wilshire / Normandie

MIRACLE MILE

WINDSOR SQUARE

Veteran's Administration

SECTION 3Century City / Constellation to Westwood / VA Hospital

2.56 Miles 2 Stations

SECTION 2Wilshire / La Cienega to Century City / Constellation


SECTION 1Wilshire / Western to Wilshire / La Cienega


Century City / Constellation

SUBJECT PROPERTY

NExisting Metro Rail & Station

Purple Line Extension Alignment & Station (Under Construction)

Purple Line Extension Alignment & Station (Approved)

Exposition Transit Corridor Phase 2 (Under Construction)

Crenshaw / LAX Transit Corridor (Under Construction)

Subject to change LACMTA, 2013

5 MIN DRIVETO EXPO/BUNDY STATION

6 MIN DRIVETO EXPO/SEPULVEDA STATION


03FINANCIALS

INCOME & EXPENSE STATEMENT


*INCLUDES INCOME FROM THE BILLBOARD SIGN. **EXPENSES, INCOME, AND OTHER INFORMATION MUST BE VERIFIED, AND ANY INTERESTED PARTY MUST COMPLETE ITS OWN INVESTIGATION.


CURRENT INCOME & EXPENSE STATEMENT

INCOME

Rents $132,312

Total Operating Income* $132,312

EXPENSE

Trash + Water $2,000

Property Taxes $11,000

Pest Control $1,300

Property Insurance $1,300

Total Operating Expense $15,600

Net Operating Income $115,812

$2,750,000ASKING PRICE

04MARKET

OVERVIEWWEST LOS ANGELES

REGIONAL AMENITIES

DEMOGRAPHICS

NEARBY LANDMARKS

DEVELOPMENTS NEARBY


MARKET OVERVIEWWEST LOS ANGELES OVERVIEW Built Despite its name, West Los Angeles is not the westernmost part of the city; its western border does not even reach the 405 Freeway. It ends instead a few blocks east of that gargantuan river of asphalt, where Sawtelle begins.

Nowadays, West L.A. is actually a marooned rump of the once-mighty West Los Angeles of old, which stretched from Century City to the Santa Monica city limits, and which has atomized over the years into a handful of disparate neighborhoods.

It’s cloaked in a state of semi-anonymity. Many people assume West Los Angeles refers to all that lies between the sea and Robertson Boulevard (or wherever their own arbitrary border of central Los Angeles lies). But it is its own place, not just a toponym to be used interchangeably with “the Westside.”

Reduced now to a rectangular patch of heavily residential streets squeezed in between Santa Monica

and Pico boulevards, it is something very like a suburb in the heart of the city. It’s a hometown, a place whose most recognizable extant landmark might just be the appropriately homey Apple Pan, since the oh-so-suburban Westside Pavilion actually lies across Pico in Rancho Park and will soon be converted to offices anyway.

The agricultural origins of the neighborhood are apparent in its orderly street grid, which is substantially broken only in its hilly northeast corner. In the 1920s, when Pico Boulevard was paved and the bean fields and orchards were subdivided, there were no small townships to incorporate into the street plan, so developers laid out regularly spaced blocks and filled them with homes.

Santa Monica, Westwood and Pico boulevards served as the Main Streets of the residents of these homes, with small businesses of every stripe within walking

NEIGHBORHOOD SPOTLIGHT

Shop ’til you drop: The impending death of the Westside Pavilion aside, West Los Angeles is still a thriving retail destination for those who like to shop local, and, better yet, it’s fairly walkable.

A Westside commuter’s dream: For anyone who commutes to Century City, Culver City or Silicon Beach, West Los Angeles offers an extremely appealing location for your home base

distance of most. The widening of Santa Monica Boulevard, which began when it was part of Route 66, obliterated much of the older construction that once lined it, but on Pico, the pleasing street wall of old brick buildings remains.

In the postwar boom years, developers began to build apartments at either end of the core of West Los Angeles, especially in the Beverly Glen corridor, and in the 1980s, the Westside Pavilion replaced a number of neighborhood shops, despite protests from residents.

The appeal of West Los Angeles as a place to live has survived all of these relatively minor disruptions. It has stayed so popular that mansionization is the big worry now. And as for Sawtelle and the other parts of the neighborhood that were cleaved away over the years, West Los Angeles probably doesn’t even miss them.


SUBJECT PROPERTY

PASADENA

WEST HOLLYWOOD

HOLLYWOOD

BEVERLY HILLS

CULVER CITY

MARINA DEL REY

SANTA MONICA

DOWNTOWN

INGLEWOOD

EL SEGUNDO

DOWNEY

ALHAMBRA

BURBANK

GLENDALE


0%

10%

20%

30%

40%

50%

60%

70%

80%

5-MILE POPULATION BY ETHNICITY

NUMBER OF STUDENTS

White Native American

Asian Pacific Islander

Other Race

African American

2.6 MILES | 7 MINUTES DRIVE

45,687UNIVERSITY OF SOUTHERN CALIFORNIA

41,319CALIFORNIA STATE UNIVERSITY, NORTHRIDGE

44,027UNIVERSITY OF CALIFORNIA, LOS ANGELES

7,710PEPPERDINE UNIVERSITY

2,238CALIFORNIA INSTITUTE OF TECHNOLOGY

9,618LOYOLA MARYMOUNT UNIVERSITY

63%+COLLEGE DEGREE

OR ABOVE (5-MILE)

6 MINDRIVE TO UCLA

44,000+ STUDENTS

UCLA

SUBJECT PROPERTY

VA GREATER LOS ANGELES HEALTHCARE SYSTEM


NEARBY LANDMARKS

SUBJECT PROPERTY

UNIVERSITY OF CALIFORNIA, LOS ANGELES

GETTY MUSEUM

WESTWOOD VILLAGE

SAWTELLE JAPANTOWN

VENICE BEACH SANTA MONICA PIER


Mixed-Use, Environmentally Sustainable Residential and Transit Oriented Building

333 La Cienega is a mixed-use, environmentally sustainable residential and transit oriented building destined to set a new standard of timeless excellence and become a new Los Angeles landmark.

333 La Cienega will offer 145 state-of-the-art units for rent, 10% of which will be designated affordable housing. The project also includes a wide array of community benefits that will transform the outdated Loehmann’s site into a central gathering place for residents, neighbors and visitors to enhance the entire neighborhood. 333 La Cienega is located at the gateway between Los Angeles and Beverly Hills at the intersection of Burton Way, La Cienega and San Vicente Boulevards, less than a half-mile from the new Purple Line subway stop.

Caruso’s innovative approach brings a distinguished and unique combination of architectural excellence and dedication to serving the local community. 333 La Cienega is investing in significant off-site improvements, including enhanced sidewalks lined with mature shaded trees, landscaped medians and new painted bike lanes and crosswalks on La Cienega, San Vicente and Burton Way. Additionally, there will be a new 7,000-square-foot publicly accessible park-like green with shading and seating, as well as a neighborhood-serving market and restaurant with outdoor seating. All of these features will reduce vehicle dependency and ensure a more walkable, pedestrian-friendly neighborhood that will improve the quality of life for local residents and workers

333 LA CIENEGA BLVD 01

DEVELOPMENTS NEARBY


DEVELOPMENTS NEARBY

Proposed Five-Story Building

The proposed five-story building, slated for a property at 8000 W 3rd Street, would contain 50 studio, one-, and two-bedroom apartments atop 7,250 square feet of ground-floor retail space and two levels of basement parking. Plans call for seven units to be set aside as affordable housing, an agreement negotiated last year with the Mid City West Community Council.

MVE + Partners is designing the podium-type development with amenities such as a fitness center, a central courtyard, and a roof deck. Renderings depict a contemporary low-rise structure.

Construction of 8000 W. 3rd Street is anticipated to occur over approximately 22 months. Completion is anticipated in 2021.

Multifamily Residential Complex

Construction is now underway for a multifamily residential complex in Beverly Grove, just north of Melrose Place.

The project, located at 724 N Croft Avenue, will consist of a four-story, 80,000-square-foot building featuring 28 apartments and a dedicated parking garage. Plans also call for a landscaped central courtyard that will provide open space for residents at ground level and natural light into the units above.

Kevin Tsai Architecture designed the low-rise development in the transitional modern style with exterior materials such as limestone and reclaimed wood

724 N CROFT AVE

8000 W 3RD ST 03

02


Robertson Lane

Two-acre development which will include a 241-room, 9-story hotel with four restaurants, retail space, and a nightclub. The project is located off of Santa Monica Boulevard between La Peer and Robertson.

Mixed-Use Development Project

The proposed development features a design showroom and ground-floor retail and restaurant space, with nearly 60,000 SF of habitable space. Plans also call for 92 underground parking spaces. The property features a glass framed façade and landscaped gardens on the roof.

637 - 651 N LA PEER DR

661 ROBERTSON BLVD 05

04

DEVELOPMENTS NEARBY


DEVELOPMENTS NEARBY

MVMNT at Melrose

ETCO Homes Presents MVMNT at Melrose Avenue 724-728 N Sweetzer Avenue. The four-story edifice will feature 49 one-, two-, and three-bedroom dwellings up to 2,468 square feet in size. The projects, branded as The Melrose Collection, consist of three low-rise projects containing a total of 77 residential units.Hannouche and Kang Architects are designing the project, which will incorporate amenities such as a fitness center, a yoga room, and a water feature. Completion is expected in Fall 2020.

West Hollywood Park

The new four-level, 75,000-square-foot Aquatic and Recreation Center will feature two rooftop swimming pools, including a competition pool and a recreational pool, and a multi-sport court with bleacher seating and scoreboards that will accommodate a variety of sports. The building will also feature five community meeting rooms and one conference room

647 N SAN VICENTE BLVD

724-728 N SWEETZER AVE 07

06


12-Story Residential Building

The 12-story building, located at 9000 W 3rd Street, is being developed by Genton Property Group in partnership with Four Seasons Hotels and Resorts. It will feature 59 luxury condominiums and townhouses, including a 12,000-square-foot penthouse.

This marks the first standalone residential property in North America for the Toronto-based hospitality brand. CallisonRTKL is designing the mid-rise development, which features a Mid Century Modern-inspired exterior of minimal lines and floor-to-ceiling glass. Each residence will have an open floor plan and a private outdoor space, with interiors being designed by renowned interior designer Martyn Lawrence Bullard.

Onsite amenities include a 1,600-square-foot fitness center, a pool terrace with cabanas, an IMAX Private Theater Palais™, and 24-hour concierge managed by Four Seasons. Residents will also have access to the amenities at the Four Seasons Hotel at Beverly Hills, which is located next door to the property.

9000 W 3RD ST 08

DEVELOPMENTS NEARBY


KIDDER.COM

CHARLES DESANTIS

Executive Vice [email protected] N° 00961029

BRITTNEY MCCARTHY

Vice [email protected] N° 01947053

EXCLUSIVELY LISTED BY

11554-11558 SANTA MONICA BLVD

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