816 N LA CIENEGA BLVD LOS ANGELES, CA 90069...12 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON...
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816 N LA CIENEGA BLVD LOS ANGELES, CA 90069 OFFERING MEMORANDUM
Transcript of 816 N LA CIENEGA BLVD LOS ANGELES, CA 90069...12 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON...
816 N LA CIENEGA BLVDLOS ANGELES, CA 90069
OFFERING MEMORANDUM
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© 2018 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Brookfield Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Hudson Commercial Partners, Inc. and the Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
TABLE OF CONTENTS
SECTION ONE 05EXECUTIVE PROFILE
SECTION TWO 15PROPERTY INFORMATION
BEVERLY CENTER - 0.7 Miles from Subject Property
This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice.
This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property.
This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum.
This Memorandum is being delivered by Hudson Commercial Partners, Inc. to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Brookfield Partners, Inc. reserves the right to request the return of any or all of the information enclosed.
SECTION 1 | EXECU
TIVE OVERVIEW
816 N La Cienega BlvdLos Angeles, CA 90069
MELROSE PL
MELROSE AVE
WESTWOOD
N LA CIENEGA BLVD
SANTA MONICA BLVD
CENTURY CITY
BEVERLY HILLS
MOCA PACIFIC DESIGN CENTER - 0.6 Miles from Subject Property
HUDSON COMMERCIAL PARTNERS, INC. - 98 - HUDSON COMMERCIAL PARTNERS, INC.
PROPERTY DESCRIPTION
861 North La Cienega Boulevard asset is a high-profile property along the easterly side of La Cienega Boulevard in the highly sought-after West Hollywood submarket. The subject property improvement consists of approximately 3,927 square foot building on 4,981 square foot parcel. This unique property features incredible identity and unequaled presence on La Cienega Boulevard. The building’s design lends itself to both office and retail uses with onsite parking. The interior is improved with high ceilings, a combination of open space and open collaborative work areas and walking distance to the amazing amenities of West Hollywood. Furthermore, this coveted area of West Hollywood with high barriers to entry is just blocks from the ultra-fashionable shopping district of Melrose Place, with such high-end retail outfits as Marc Jacobs, Bottega Veneta, Theory and Monique Lhuillier. Also blocks from the property is restaurant row on La Cienega Boulevard, featuring many of city’s finest culinary establishments and is just moments away from Beverly Hills, the Pacific Design Center.
Highlights • An incredible opportunity for an owner user or an investor to
purchase high identity asset on one of the most desired streets in Southern California
• Exceptional building design with large glass windows, high ceilings, excellent natural light and exposure to the trendy La Cienega Boulevard.
• Strong market fundamentals and Excellent Demographics over 256k people with an average house hold income over 115K in a 3 mile radius
site description Physical description
DEVELOPMENT EXECUTIVE SUMMARY
DESCRIPTION SPECIFICATION
BUILDING SIZE 3,927 SF
PARCEL AREA 4,981 SF
APN 5529-006-059
FLOOR-TO-AREA RATIO 0.79
ZONING C4-1V2
PARKING 8 Spaces
YEAR BUILT 1949
CONSTRUCTION TYPE Wood-Frame
CEILING TYPE TBD
HVAC Package Units
ACCESS Rear Alley
FOUNDATION Concrete Slab
ROOF Rolled Composition
STREET FRONTAGE 40.01 Feet on La Cienega Boulevard
TENANCY Single-Tenant
DESCRIPTION SPECIFICATION
TRANSIT ORIENTEDCOMMUNITIES Tier 3 Designation
ALLOWED UNITS 13 Market Units
TOC ALLOWED UNITS 20 Units(2 Affordable Units Required)
TOC PARKING 0.5 Spaces Per Unit
HEIGHT Unlimited
FLOOR TO AREA RATIO 4.5:1
OPEN SPACE REQUIREMENT 25% Reduction
SET BACKS 25% Reduction
LOT DIMENSIONS 40’ x 123.80’
• Located in the thriving community of West Hollywood with all the amenities –shops, restaurants, hotels and centrally located with easy access to all major markets of Los Angeles
• Adjacent to the prime residential areas of Beverly Hills, Bel Air, the Hollywood Hills and other desirable markets
• Onsite parking provides convenience and ease of daily use• West Hollywood is one of the highest barrier to entry markets in
Southern California
SECTION 2 | PRO
PERTY INFO
RMATIO
N
10 - BROOKFIELD PARTNERS, INC.
HUDSON COMMERCIAL PARTNERS, INC. - 1312 - HUDSON COMMERCIAL PARTNERS, INC.
AERIALPLAT MAP
SUBJECT PROPERTY816 N LA CIENEGA BLVD., LOS ANGELES, CA 90069
123.
80’
40.1’
HUDSON COMMERCIAL PARTNERS, INC. - 1514 - HUDSON COMMERCIAL PARTNERS, INC.
816 N La Cienega BlvdLos Angeles, CA 90069
MELROSE PLACE
LA CIENEGA BLVD
LA CIENEGA BLVD
DOWNTOWN LOS ANGELESHOLLYWOOD
WEST HOLLYWOOD
FAIRFAX
HUDSON COMMERCIAL PARTNERS, INC. - 1716 - HUDSON COMMERCIAL PARTNERS, INC.
INTERIOR PHOTOSINTERIOR PHOTOS
HUDSON COMMERCIAL PARTNERS, INC. - 1918 - HUDSON COMMERCIAL PARTNERS, INC.
EXTERIOR PHOTOSEXTERIOR PHOTOS
20 - HUDSON COMMERCIAL PARTNERS, INC.
KELLY BETPOLICEManaging Principal
11846 Ventura Blvd.Suite 140Studio City, CA 91604
Cal BRE: 01470894
JAY MARTINEZManaging Principal
11846 Ventura Blvd.Suite 140Studio City, CA 91604
Cal BRE: 01367663
CONTACT
C: 310.403.8544P: 818.699.1602F: 818.332.4977
www.hudsonpartnersinc.com
CONTACT
C: 818.212.3057P: 818.699.1603F: 818.688.8140
www.hudsonpartnersinc.com
JOHN STEVEN BLINCOE II Senior Executive
11846 Ventura Blvd.Suite 140
Studio City, CA 91604
Cal BRE: 01940306
CONTACT
C: 818.731.6070P: 818.462.8229F: 818.688.8140E: [email protected]
