A U T H E N T I C A R C H I T E C T U R E I N H I P S T E R H A V E N E A G L E R O C K • C A

FOR SALE

1627COLOR ADO.COM

1627 COLORADO BOUL

EVAR

D ±5,000 SF RETAIL / EVENT / OFFICE

E X C L U S I V E L Y L I S T E D B Y :

C o n t e n t sThis Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible investment in 1627 Colorado Boulevard, CA (the “Project”), and is not to be used for any other purpose or made available to any other party without the prior written consent of Cushman & Wakefield. This Memorandum was prepared by Cushman & Wakefield based primarily on information supplied by Owner. It contains select information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Confidential Information is believed to be reliable, neither Cushman & Wakefield nor Owner guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an “As Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the investment in the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefield nor Owner guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information provided by Cushman & Wakefield and Owner. Owner expressly reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any party at any time with or without written notice. Owner shall have no legal commitment or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by Owner and any conditions to Owner’s obligations thereunder have been satisfied or waived. Owner has retained Cushman & Wakefield as its exclusive broker and will be responsible for any commission due to Cushman & Wakefield in connection with a transaction relating to the Project pursuant to a separate agreement. Cushman & Wakefield is not authorized to make any representation or agreement on behalf of Owner. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Owner and all parties approved by Owner and may be used only by parties approved by Owner. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted

under the Confidentiality Agreement.

STATEMENT OF CONFIDENTIALITY & DISCLAIMER

THE OFFERING 1

INVESTMENT HIGHLIGHTS 3

PROPERTY DETAILS 5

EAGLE ROCK OVERVIEW 9

OFFERING PROCEDURES / TOURS 13

SUZANNE LEEExecutive Director+1 213-330-0906

suzanne.lee@cushwake.comCA License #01413624

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t h e O f f e r i n gCushman & Wakefield, as exclusive advisor, is pleased to present the exceptional

opportunity to acquire 1627 Colorado (the “Property”)—an approximately 5,000

square foot former industrial building, converted to retail and creative office use

and located in the heart of the hip and vibrant Eagle Rock neighborhood.

Initially constructed as an auto service shop, the Property is currently utilized as a

popular restaurant and event/creative office space. Renovated in 2004 and most

recently in 2014, the Property’s vintage architectural features—including exposed

brick interiors, bow truss ceiling, metal framed shop windows, skylights, and roll

up doors—have been thoughtfully maintained and/or replaced. Airy and light

drenched interiors complete the picture of Southern California industrial cool.

The property’s distinctive architecture and flexible configuration provide an ideal

canvass for retail, showroom, studio, gallery, events, and other creatively inspired

uses.

Located on the prime Colorado Blvd commercial corridor, the Property

is visible to over 31,000 cars per day, and also boasts an enviable Walk

Score of 85. Ideal for an owner-user or investor, the offering represents a

rare opportunity to acquire highly visible, authentic architecture in one of

America’s hippest neighborhoods.

O F F E R I N G P R I C E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2 , 4 0 0 , 0 0 0 . 0 0 0

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3 4

4

110

110

134

134

2

2

5

5

101

I N V E S T M E N T H I G H L I G H T S

+ Irreplaceable well-maintained vintage industrial architecture, ideal for a variety of uses: retail, studio, showroom, gallery, office, and events.

+ Priced well below replacement value.

+ Epicenter of Eagle Rock commercial corridor – walkable retail district and strong visibility to over 31,000 cars daily.

1627 COLORADO

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APN: 5669-016-011

team to send

GENERAL INFORMATIONADDRESS 1627 Colorado Boulevard, Los Angeles, CA 90041

APN 5669-016-011OCCUPANCY Delivered vacant upon the close of escrow

BUILDING AREA 5,000 SF per County AssessorLOT SIZE 6,314 SF Corner Parcel

NUMBER OF STORIES 1ZONING C4

DATE OF CONSTRUCTION 1931/Renovated 2004 & 2014

PARKING One (1) ADA stall currently; potential to stripe additional spaces in outdoor patio areaUSE Currently operated as full-service restaurant with creative office/event space in the rear

CONSTRUCTION DETAILSFOUNDATION Slab on grade concrete

EXTERIOR STRUCTURE Unreinforced brick; retrofitted with metal structure and supports ROOF “Barrel” type sloped roof with multi layered roofing materials

LOADING Grade Level door (accessible from Vincent Ave.)BUILDING SYSTEMS

HVAC Two (2) split-system and two (2) 5-ton A/C units installed. Furnace located in attic. Condenser on the roof. Furnace is gas-fired forced air system.

PLUMBING Combination of copper and galvanized steel pipingELECTRICAL Single phase, 3-wire system; 200 AMPS; 120/240 volts

FIRE SPRINKLERS NoUTILITIES LADWP (Electrical & Water); Southern California Gas

INTERIORSCEILINGS Exposed Bow-truss

FLOORING Exposed, sanded concrete throughoutRESTROOMS Three (3) unisex

P r o p e r t y D e t a i l s

P A R C E L M A P

V I N C E N T A V E

T O W N S E N D A V E

CO

LO

RA

DO

B

LV

D

T O W N S E N D A V E

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SI

TE

PL

AN

AIRY AND LIGHT DRENCHED INTERIORS COMPLETE

THE PICTURE OF SOUTHERN CALIFORNIA

INDUSTRIAL COOL.

EVENT/OFFICE SPACE

PATIO

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E a g l e R o c ko v e r v i e w

“Eagle Rock has grown increasingly popular because it has so much to offer. Even though you're in the Los Angeles area, it has a small-town feel; you'll find well-kept homes often full of charm and character on mature tree-lined streets.” -Redfin

Recently named by Redfin as One of America’s hottest neighborhoods,

Eagle Rock is oft cited as LA’s eastside hipster heaven. Popular with both professionals and LA’s “creative class,” the area boasts an average median household income of over $78,000 and a $892,000 median home value.

Colorado Boulevard is Eagle Rock’s main commercial district and home to cafes, bars, boutiques, and some of the Eastside’s hottest restaurants. While providing

great visibility to car traffic, Colorado Blvd is still an active walkable street.

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1 FOUND COFFEE

2 REVCYCLE

3 LITTLE BEAST RESTAURANT

4 CINDY'S

5 EAGLE ROCK JUICE CO

6 TRADER JOES

7 CACAO MEXICATESSEN

8 CARDIO BARRE EAGLE ROCK

9 TRUE VALUE HARDWARE

10 THE OLD CHALET

11 MALBEC MARKET

12 CASA BIANCA PIZZA PIE

13 CLASSIC THAI RESTAURANT

14 CAFE BEAUJOLAIS

15 THE ORIGINAL TOMMY'S

16 EAGLE ROCK ITALIAN BAKERY & DELI

17 ORGANIX MARKET

18 MODAN EAGLE ROCK RAMEN

19 COLOMBO'S STEAKHOUSE

20 PIENCONE PIZZERIA, CREAMERY & PUB

21 THE OINKSTER

22 STUDIO METAMORPHOSIS

23 MILKFARM

24 FOUR CAFÉ

25 PENNY OVEN

26 RELENTLESS BREWING & SPIRITS

27 5 LINE TAVERN

28 STARBUCKS

29 WALGREENS

30 CENTER FOR THE ARTS EAGLE ROCK

31 CVS

32 SPROUTS

33 CITIBANK

34 CHIPOTLE

E A G L E R O C K A M E N I T I E S

KEY FACTS

33,323Population

40.1

Median Age

2.8

AverageHousehold Size

$78,428Median Household

Income

EDUCATION

11%

No HighSchool

Diploma 15%High School

Graduate

27%Some College 47%

Bachelor's/Grad/ProfDegree

BUSINESS

1,124Total Businesses

9,795Total Employees

EMPLOYMENT

74%White Collar

12%Blue Collar

15%Services

5.3%

UnemploymentRate

INCOME

$78,428

Median HouseholdIncome

$36,633

Per Capita Income

$111,958

Median Net Worth

Households By IncomeThe largest group: $100,000 - $149,999 (20.0%)The smallest group: $15,000 - $24,999 (6.2%)

Indicator Value Difference<$15,000

$15,000 - $24,999

$25,000 - $34,999

$35,000 - $49,999

$50,000 - $74,999

8.5%

$75,000 - $99,999

6.2%

$100,000 - $149,999

6.5%

$150,000 - $199,999

10.1%

$200,000+

16.8%

-1.9%

10.7%

-2.3%

20.0%

-1.3%

9.1%

-1.2%

12.0%

+0.3%

-1.5%

+4.2%

+1.4%

+2.2%

Bars show deviation from

Los Angeles County

D E M O G R A P H I C S

WALK SCORE

MOST ERRANDS CAN BE ACCOMPLISHED ON FOOT

85

1627 COLORADO

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The Property is offered for sale on a strict “as-is basis” with the selection

of the buyer being influenced by the level of physical and economic due

diligence initially undertaken by prospective purchasers. In this regard,

service contracts, title reports, property tax bills, architectural plans and

other relevant documentation are being made available for review.

EVENT SPACE

EVENT SPACE

p r o p e r t y o f f e r i n g t o u r s p r o c e d u r e sInterested parties are asked to contact

Cushman & Wakefield to arrange

specific times for property tours.

Please do not disturb current occupants.

Prospective purchasers are kindly

requested to submit offers to Cushman &

Wakefield at their earliest convenience at

the address specified below:

SUZANNE LEEExecutive Director

900 Wilshire Boulevard, 24th Floor

Los Angeles, CA 90017

+1 213 330 0906

suzanne.lee@cushwake.com

CA License #01413624

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EXCLUSIVELY LISTED BY:SUZANNE LEE

Executive Director+1 213 330 0906

suzanne.lee@cushwake.comCA License #01413624

View Site-Specific COVID-19 Prevention Plan

PLEASE DO NOT DISTURB OCCUPANTS TOURS BY APPOINTMENT ONLY