SUNSET BLVD INVESTMENT OPPORTUNITY Prime Hollywood …

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PRESENTED BY: 7551 SUNSET BOULEVARD Los Angeles, CA 90046 SUNSET BLVD INVESTMENT OPPORTUNITY Prime Hollywood Location 12,505 SF | Renovated in 2010 BEN BEHNAM [email protected] 213-926-5932 DRE CA Lic. #02097235 DAVINIA SERGI [email protected] 310-465-5798 DRE CA Lic. #02068411

Transcript of SUNSET BLVD INVESTMENT OPPORTUNITY Prime Hollywood …

Page 1: SUNSET BLVD INVESTMENT OPPORTUNITY Prime Hollywood …

PRESENTED BY:

7551

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6SUNSET BLVD INVESTMENT OPPORTUNITY

Prime Hollywood Location

12,505 SF | Renovated in 2010

BEN [email protected] CA Lic. #02097235

DAVINIA [email protected] CA Lic. #02068411

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

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$8,490,000Asking Price:

8,712 SFLot Area:

Building Size:

Year Built:

BUILT IN 1986RENOVATED IN 2010

APN: 5550-009-023

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12,505 SF

7551 SUNSET BOULEVARDLos Angeles, CA 90046

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

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PROPERTY DESCRIPTION

7551 W. Sunset Blvd represents the highest quality and specification boutique mixed use building.

Currently 79% occupied with a value add component (through lease up of vacant space) By converting the leaseable to rentable square footage add value to the property

7551 Sunset Blvd offers an abundance of amenities within walking distance. Strategic positioning close to many developing projects with proximity to West Hollywood, the Pacific Design Center and the Beverly Center.

State of the art finishes, subterranean parking double access (street) entry. 7551 W. Sunset Boulevard - the Ultimate Boutique Mixed-Use Building - Finest Construction, Highest Grade Finishes - Excellent Tenants - A True Gem. Rare opportunity to own a phenomenal mixed-use investment in the bustling and growing Sunset 90046 corridor.

Please call Ben Behnam or Davinia Sergi for information.

7551 SUNSET BOULEVARDLos Angeles, CA 90046

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

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7551 SUNSET BOULEVARDLos Angeles, CA 90046

EXISTING PROPERTY DETAILS

Rare find: ...............................Renovated in 2010 ......................................................All units separately metered......................................................Undercover Parking......................................................Across the street from $200 Million buildout ......................................................In the heart of west Hollywood ......................................................Mixed use retail and office

Ownership Type: .............Fee Simple

Renderings of construction across the street

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

92Walk Score

67Transit Score

65Bike Score

VERY WALKABLE RIDER’S PARADISE BIKEABLE

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DOWNTOWNDOWNTOWN

WESTLAKEWESTLAKESITE

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7551 SUNSET BOULEVARDLos Angeles, CA 90046

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

INTERIOR PHOTOS

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7551 SUNSET BOULEVARDLos Angeles, CA 90046

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

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7551 SUNSET BOULEVARDLos Angeles, CA 90046

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RENT ROLL

EXPENSES

Cap Rate: ..............................4.75%

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

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BEN [email protected] CA Lic. #02097235

Ben Behnam has joined KW Beverly Hills, with years ofexperience as both a Principal and advisor.

He specializes in investment advisory and brokerage for single, multi-family and retail properties. He has successfully executed or assisted in the close of multiple deals in California, Nevada and Florida.

Mr. Behnam has developed a successful client list for investors he has helped find the right income properties to add to their portfolios of commercial and multi-housing real estate investments.

Mr. Behnam is married and his wife also works in real estate

7551 SUNSET BOULEVARDLos Angeles, CA 90046

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Although the Owner and Broker believe the information to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained herein.

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1201 HUNTLEY DRIVELos Angeles, CA 90026

E. JAZ PINCA • [email protected] • 949-636-8632DRE CA Lic. #01832110

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DAVINIA [email protected] CA Lic. #02068411

Although the Owner and Broker believe the information to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained herein.

For the past 10 years, Davinia Sergi has fine-tuned her craft in the hospitality industry. Consumer care, service to clientele, and a passion to be of service, have been her life goals.

Davinia exemplifies positive energy and an enthusiasm rarely found in the business of serving others. Davinia has now joined forces with Core Real Estate Group in Beverly Hills, as she continues to grow and seek new challenges.

She is dedicated to work passionately and to ensure that she delivers the best experience for her buyers and sellers. She is meticulous in staying organized and solving problems. Her mantra is simple; “I truly believe that every relationship is based on trust and sincerity.”

Davinia serves on the Arbitration and Professional standard Committee and maintains membership in the Beverly Hills Board of Realtors.

Although the Owner and Broker believe the information to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained herein.

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CONFIDENTIALITY + DISCLAIMER

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Mayelian Group in compliance with all applicable fair housing and equal opportunity laws.

The confidentiality and disclaimer disclosures represents both listing brokerage firms, CORE Real Estate Group and Keller Williams.

7551 SUNSET BOULEVARDLos Angeles, CA 90046