OR EL ADOBE • THREE (3) OCCUPIED GROUND FLOOR RETAIL ...
Transcript of OR EL ADOBE • THREE (3) OCCUPIED GROUND FLOOR RETAIL ...
HOLLYWOOD BLVD.HOLLYWOOD BLVD.
URBAN INFILL | HOLLYWOOD MIXED USE PROPERTYIN PLACE INCOME WITH VALUE-ADD REPOSITION OR REDEVELOPMENT POTENTIAL • THREE (3) OCCUPIED GROUND FLOOR RETAIL SUITES• TEN (10) VACANT SECOND STORY SUITES (FORMERLY APARTMENT USE)• REAR ADDITIONAL PARKING LOT & STORAGE STRUCTURE5201-5209 HOLLYWOOD BOULEVARD,
LOS ANGELES, CA 90027
HOLLYWOOD: EL ADOBE
HOLLYWOOD SIGNHOLLYWOOD SIGN GRIFFITH OBSERVATORYGRIFFITH OBSERVATORY
KING
SLEY
DR.
KING
SLEY
DR.
NOUBAR’S EL NOUBAR’S EL ADOBEADOBE
PHARMACYPHARMACY
EL ADOBEEL ADOBEMARKET & LIQUORMARKET & LIQUOR
DOG RESORTDOG RESORT
ADDRESS 5201-5209 Hollywood Boulevard Los Angeles, CA 90027
SALE PRICE Best Offer
IN PLACE RENTAL INCOME $249,948
YEAR 2 PROFORMA NOI $433,549
OCCUPANCY
57.93% (See Site Plan For Detail)All ten (10) second story suites will be delivered vacant at close of escrow
# OF SUITES Thirteen (13) Total | Three (3) Retail + Ten (10) Office *
BUILDING SIZE ±19,941 SF
LAND SIZE* ±22,013 SF (0.51 Acres)
OWNERSHIP Fee Simple (Land & Building)
INVESTMENT HIGHLIGHTSEXECUTIVE SUMMARYIn Place Income With Value Add Reposition OR Redevelopment Potential
Iconic Hollywood Boulevard Address
Urban Infill Corner Location
Dense Hollywood Trade Area Demographics
Vintage Architecture – Strong Trade Area Identity
DOWNLOAD OFFERING MEMORANDUMINVESTMENT CONTACTS
Austin WolitarskySenior Associate+1 310 363 [email protected]. 01957206
Dan RileySenior Vice President+1 310 363 [email protected]. 01057519
W. Simon MattoxVice President, MBA+1 310 796 6229 [email protected]. 01732008
* The ten (10) second story units are built out as residential. * The units were occupied as residential apartments for several decades until the City issued a notice of violation in 2017. (Contact brokers for additional detail).