VERMONT - LoopNet€¦ · privilege in Los Angeles. Boasting a 95 Walk Score, the Property is...

8TH @VERMONT

8TH @VERMONT OFFERING MEMORANDUM

A 0.94 ACRE REDEVELOPMENT OPPORTUNITY LOCATED WITHIN A QUALIFIED OPPORTUNITY ZONE IN KOREATOWN, LOS ANGELES, CA

CHRIS TRESPSenior Associate+1 310 228 2122Lic. [email protected]

DEAN ZANDERExecutive Vice President+1 310 550 2599Lic. [email protected]

GREG GRANTSenior Vice President+1 310 363 4935Lic. [email protected]

EXCLUSIVELY LISTED BY

FINANCING

Copyright Notice© 2019 CBRE, Inc. All Rights Reserved.

8TH @VERMONT

EXECUTIVESUMMARY04MARKETOVERVIEW10

FINANCIAL ANALYSIS30

PROPERTYDESCRIPTION24

MARKETCOMPARABLES36

TABLE OF CONTENTS

www.8thAtVermont-CBRE.com

THE WILTERN | 1.4 mi. FROM SUBJECT

EXECUTIVE SUMMARY

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 5

CBRE, Inc., as exclusive agent, is pleased to present the opportunity to acquire 8th @ Vermont (2971 W. 8th Street, and 3062 Leeward Avenue, the “Property”), a 0.94 acre re-development opportunity located in Los Angeles’ most densely populated neighborhood, Koreatown. The Property’s favorable zoning, R4, and qualification under the Transit Oriented Communities Incentive Program (TOC), allows for up to 174 units to be built in place of the existing improvements. Additional density may be achieved through the assemblage of additional adjacent parcels. The Property is also located within a Qualified Opportunity Zone, offering tax benefits to investors and developers who deploy capital through a Qualified Opportunity Fund.

8th @ Vermont is currently operating as a 65-unit apartment building, comprised of 60 studio and bachelor units, and five bungalows. The Property’s current very low land coverage ratio and the clear path to

entitlements provided by the TOC program make this an excellent “covered land play” for the opportunistic investor/developer.

Situated just two blocks south of the Wilshire/Vermont Metro Red/Purple Line Station, 8th @ Vermont’s superb location offers excellent connectivity throughout the region without the use of a car; a rare privilege in Los Angeles. Boasting a 95 Walk Score, the Property is within a short walking distance to an abundance of restaurants and nightlife, grocery stores, cultural attractions, popular hotels and over 7.2 million square feet of office space in the Mid-Wilshire submarket.

The surrounding Koreatown neighborhood is currently undergoing a rapid transformation with over $1 Billion invested in the area in the last decade.

THE OFFERING


8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

6

INVESTMENT HIGHLIGHTS

DEVELOPMENT POTENTIAL At its current building-to-land coverage ratio of less than 50% and extremely low FAR, the Property is underutilized in its current use. The low land coverage of the existing improvements, combined with the Property’s favorable zoning designation present the opportunity for an investor/developer to entitle the property to the maximum allowable density, while benefiting from the Property’s current cash flow during the entitlement phase. Developers will also benefit from additional incentives and a streamlined entitlement process per the Transit Oriented Communities Affordable Housing Incentive Program (TOC). 8th @ Vermont’s zoning designation, R4, TOC-Tier III, allows for up to 174 units and up to 182,000 square feet of gross buildable area.* Additional density and building square footage may be achieved by assembling additional neighboring parcels. * Buyer to verify

RARE, URBAN OPPORTUNITY ZONE INVESTMENT OPPORTUNITY Investors will have the opportunity to reap significant capital gains tax benefits due to the Property’s location inside of a designated Qualified Opportunity Zone (QOZ), as recently established by 2017 Tax Cuts and Jobs Act. Opportunity Zones allow investors the ability to defer and reduce capital gains taxes when they reinvest any portion of profits from any asset sale (including non-real estate assets) into a property in a designated “Opportunity Zone.”

BEVERLY HILLS

MIRACLE MILE

WEST HOLLYWOODHOLLYWOOD

HANCOCK PARK

WEST 8

WEST 8 THTH STREET

STREET

WEST 7WEST 7 THTH STREET

STREET

66 THTH STREET STREET

WILSHIRE BLVD

WILSHIRE BLVD

WEST 9

WEST 9 THTH STREET

STREET

VERMONT AVENUE

VERMONT AVENUE

S WESTM

ORELAND AVE

S WESTM

ORELAND AVE

Wilshire/Vermont

The Vermont(464 Units)

Vermont & James M.

Wood(195 Units

+ 20,000 SFRetail

Planned)2929 Leeward Ave

(80 Units Under Construction)

3240 Wilshire(470 Units

+ 148-key Hotel Planned)

BerkshireK2LA

(177 Units)

Radius Koreatown(301 Units)

Wilshire/Normandie

2972 W 7th StNexen - (228 Units

Under Construction)

Wilshire/Western

Luna on Wilshire3640 Wilshire Ave

(209 Units)

Pearl on Wilshire(346 Units)

550 S Vermont Ave(172 Units Proposed)

3350 Wilshire Blvd(260 Unit Office

Conversion Under Construction)

LEEWARD AVE

LEEWARD AVE

Vermont Corridor Project (468,000 SF OfficeUnder Construction)

(22,000 SF Neighborhood Market)

3100 W 8th St(98 Units Under Construction)

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 7

CENTRAL TO EMPLOYMENT CENTERS 8th @ Vermont’s central location within Los Angeles offers residents immediate access to the employment opportunities that reside in the 7.2 million square feet of Class A office space within the Mid-Wilshire/Koreatown submarket. Additionally, major employment centers in Downtown Los Angeles (2 miles), Miracle Mile (4 miles), Hollywood (4 miles), Beverly Hills (5 miles), and Century City (7 miles).

TRANSIT-ORIENTED LOCATION The Property has a walkscore of 95 and is ideally situated within just a six minute walk to the Wilshire/Vermont Metro Red/Purple Line Station, and is proximate to two other Metro stations at Wilshire/Normandie and Wilshire/Western, offering direct access to Downtown LA, Hollywood, and the San Fernando Valley with exceptional connectivity to all of Los Angeles County via the Metro Rail and Bus System. The Metro connects directly with the Purple Line Extension, which, when completed in 2023, will extend westward offering multiple stops along Wilshire Boulevard in Miracle Mile, Beverly Hills, and Westwood.

The Property’s immediate proximity to Vermont Avenue, one of Los Angeles’ highest traveled arteries and the region’s 3rd longest north/south thoroughfares, provides direct access to the Los Angeles Freeway system via the 101 or I-10 freeways, both of which are located less than two miles from the Property.

RAPIDLY GROWING URBAN MARKETHome to Southern California’s highest concentration of restaurants, bars and businesses, Koreatown is a 24/7 neighborhood. A ‘city within a city’, Koreatown is the most densely populated neighborhood in Los Angeles County with nearly 50,000 residents per square miles. Also, Koreatown has experienced significant revitalization in recent years. With outstanding access to retail amenities, entertainment, and cultural venues, Koreatown has become a culturally rich dining and nightlife destination, drawing visitors from all over Los Angeles County.

BEVERLY HILLS

MIRACLE MILE

WEST HOLLYWOODHOLLYWOOD

HANCOCK PARK

WEST 8

WEST 8 THTH STREET

STREET

WEST 7WEST 7 THTH STREET

STREET

66 THTH STREET STREET

WILSHIRE BLVD

WILSHIRE BLVD

WEST 9

WEST 9 THTH STREET

STREET

VERMONT AVENUE

VERMONT AVENUE

S WESTM

ORELAND AVE

S WESTM

ORELAND AVE

Wilshire/Vermont


Vermont & James M.

Wood(195 Units

+ 20,000 SFRetail

Planned)2929 Leeward Ave

(80 Units Under Construction)



BerkshireK2LA

(177 Units)


Wilshire/Normandie


Under Construction)

Wilshire/Western

Luna on Wilshire3640 Wilshire Ave

(209 Units)

Pearl on Wilshire(346 Units)

550 S Vermont Ave(172 Units Proposed)



LEEWARD AVE

LEEWARD AVE


(22,000 SF Neighborhood Market)


8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

8

STRONG RENTER DEMAND8th @ Vermont is located within the Wilshire District submarket where vacancy rates have remained extremely low, holding on average at 3.93% for the past five years. Vacancy is forecast to remain below 5% through 2022. Effective rents have also grown by 4.1% (September 2019 Y-O-Y) per Axiometrics. Population within one/three miles of the Property is 137,914/629,865 and is forecast to grow 3.8/3.7% over the ensuing five years.

ACCESS TO HIGHER EDUCATION8th @ Vermont’s proximity to several notable colleges and institutions of higher education give students the optionality of living within the walkable Koreatown neighborhood and having just a short commute to well regarded schools. The Southwestern Law School campus, a private law school with about 1,000 students, is housed in two buildings just a five minute walk from the Property. The University of Southern California is just 2.5 miles to the south and is easily accessible from Vermont Avenue. Two miles in the opposite direction from the Property and also situated just off Vermont Ave is Los Angeles City College.

UNIVERSITY OF SOUTHERN CALIFORNIA | 2.6 mi. FROM SUBJECT

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 9

OFFERING SUMMARY

INTEREST OFFERED

100–percent fee simple interest in 8th @ Vermont, a 65–unit apartment community located at 2971 W. 8th Street, and 3062 Leeward Avenue in the city of Los Angeles, CA.

TERMS OF THE SALE

Offered Free and Clear.

PROPERTY TOURS

All property tours must be coordinated through the listing team. Prospective Purchasers are encouraged to visit the subject property prior to submitting offers. Please do not contact the on-site management or staff without prior approval.


Offering Price: UNPRICED

Property Address:2971 W. 8th Street, and 3062 Leeward

Los Angeles, CA 90005

Existing Number of Units: 65

Net Rentable Square Ft: ±26,106

Average Square Ft: ±402

Year Built: 1950

Parcel Size: 0.94 Acres

Density: 69.15 Dwelling Units Per Acre

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

10

MARKET OVERVIEW

THE VENUE | 0.9 mi. FROM SUBJECT

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 11

DOWNTOWN LOS ANGELES(37.4 Million SF Office +500,000 Jobs)

WEST 8

WEST 8 THTH ST ST

LEEWARD AVE

LEEWARD AVE

WEST 7

WEST 7 THTH ST

ST

JAMES M. WOOD BLVD/9

JAMES M. WOOD BLVD/9 THTH ST ST

OLYMPIC BLVD

OLYMPIC BLVD

VERMONT AVENUE

VERMONT AVENUE

NEW HAMPSHIRE AVE

NEW HAMPSHIRE AVE

2783 Francis Ave (50 Units Under Construction)

7th & Hoover(165 Units Planned)

2929 Leeward Ave(80 Units Under Construction)

SanSanSooSoo

DangDang

ThaiThaiOceanOcean

2525 Wilshire Blvd(152 Units Under

Construction)


Construction)

The Kodo(60 Units)

WIL

SH

IRE

BLV

DW

ILS

HIR

E B

LVD


Under Construction)

3033 Wilshire (190 Units)


Wilshire Vermont Station

(449 Units)

El Quetzal El Quetzal BakeryBakery

Vermont & James M.

Wood(195 Units

+ 20,000 SFRetail

Planned)(22,000 SF

Neighborhood Market)

Wilshire/Vermont 6 MIN WALK

TO METRO

Next on 6TH

(393 Units + 22,000 SF )

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

12

Offering Memorandum 7

WESTSIDE

Los

Ange

les

Riv

er

Los Angeles River

PACIFIC OCEAN

2nd St/Hope

1st/Centra

l

2nd St/BroadwayBroadway

Wils

hire/L

a Bre

a

Wils

hire/F

airfax

Wils

hire/L

a Cienega

Wils

hire/R

odeo

Century City

/Conste

llatio

n

Westwood/U

CLA

Westwood/U

CLA

Westwood/V

A Hospita

l

Aviation/96th

Martin Luther King Jr

Leimert Park

Hyde Park

Fairview Heights

Downtown Inglewood

Westchester/Veterans

Aviation/Century

Little Tokyo/Arts Dist

PURPLE LINE EXTENSION

REGIONAL CONNECTOR

TRANSIT PROJECT

CRENSHAW/LAXTRANSIT PROJECT

LAX

Univers

al City

/Stu

dio City

Hollywood/V

ine

Hollywood/H

ighland

Univers

al City

/Stu

dio City

Balboa

Canoga

De Soto

Pierce Colle

ge

Tam

pa

Reseda

Civic Ctr/

Civic Ctr/

Civic Ctr/

Civic Ctr/

Grand

Grand

Grand

Grand

ParkParkParkPark

Westlake/M

acArthur P

ark

Warner Ctr

Roscoe

Pico/A

liso

Mariach

i Pla

za

Long Beach

Bl

Artesia

Del Amo

Civic Ctr/

Grand

Park

Allen

LakeSierr

a Madre

Villa

Arcadia

Monrovia

Duarte/C

ity of H

ope

Irwindale

Azusa D

owntown

APU/Citr

us College

Lincoln/Cypress

Heritage Sq

Southwest Museum

Highland Park

Fillmore

Del Mar

Memorial Park

South Pasadena

Westlake/M

acArthur P

ark

Wils

hire/V

ermont

Pershing

Chinatown

Union Station

Chinatown

Square

7th St/Metro CtrPico

LATTC/OrthoInstitute

Jeffers

on/USC

Union Station

LAX FlyAwayAmtrak & MetrolinkLAX FlyAway

LAX Shuttle G

Amtrak & MetrolinkMetro

link

Sherman Way

Warner Ctr

Roscoe

Nordhoff

Chatsworth

Hollywood/W

estern

Vermont/S

anta M

onicaHollywood/W

estern

Hollywood/V

ine

Hollywood/H

ighlandNorth

Holly

wood

Balboa

Woodley

Sepulveda

Van Nuys

Sepulveda

Van Nuys

Woodman

Valley Colle

ge

Laurel C

anyon

Canoga

De Soto

Pierce Colle

ge

Tam

pa

Reseda

Vermont/B

everly

Vermont/S

anta M

onica

Vermont/S

unset

Vermont/S

unset

Amtrak & Metrolink

Soto

Indiana

Maravill

a

East LA Civic

Ctr

Atlantic

El Monte

Cal Sta

te LA

LAC+USC Medica

l Ctr

Pico/A

liso

Mariach

i Pla

za

Wils

hire/

Normandie

Wils

hire/W

estern

ExpoPark

/USC

Expo/Verm

ont

Expo/Weste

rn

Expo/Cre

nshaw

Farmdale

Expo/La B

rea

La Cienega/Jeffers

on

Culver C

ity

Palms

Westwood/R

ancho Park

Expo/Sepulve

da

Expo/Bundy

26th St/B

ergam

ot

Expo/Sepulve

da

Expo/Bundy

26th St/B

ergam

ot

17th

St/SMC

Downtown Santa

Monica

Mariposa

El Segundo

Douglas

Redondo Beach

37th St/USC

Rosecrans

Harbor

Carson

Pacific CoastHwy

GatewayTransit Ctr

Long Beach

Bl

Avalon

Vermont/

Athens

Crenshaw

Hawthorn

e/Lennox

Aviation/L

AX

Lakewood Bl

Norwalk

Norwalk

Slauson

Manchester

Harbor F

wy

5th St

1st St

PacificAv

DowntownLong Beach

PacificAv

Washington

Vernon

Slauson

Florence

Firestone

Compton

Artesia

Del Amo

Wardlow

Willow St

Pacific Coast Hwy

Anaheim St

103rd St/

Willowbrook/Rosa Parks

Watts Towers 103rd St/

Willowbrook/Rosa Parks

DowntownLong Beach

Grand/LATTC

San Pedro St

Watts Towers

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

WESTSIDE

CENTRAL LA

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

CENTRAL LA

North Hollywood to Union Station

Metro Rail

Wilshire/Western to Union StationPurple Line

Blue Line

Expo Line

Orange Line

Amtrak

LAX FlyAway

Metrolink

Metro Busway

Regional Rail

Green Line

Gold Line

Downtown LA to Long Beach

Downtown LA to Santa Monica

Redondo Beach to Norwalk

East Los Angeles to Azusa

Silver Line

Chatsworth to North Hollywood

San Pedro to El Monte

amtrak.com

metrolinktrains.com

lawa.org/flyaway

LAX Shuttle (free)lawa.org

Street Service in Downtown LAand San Pedro

MAY 2016 Subject to Change

Airport Shuttle

Rail Station

StationTransfer

Busway

Statio

n

UNDERCONSTRUCTION

Busway StreetService

Red Line

metro.net

Metro Rail & Busway

16-1

819M

M ©

2016

LAC

MTA

JUL 2016 Subject to Change

TRANSIT-ORIENTED LOCATIONThe Property is ideally situated within just a six minute walk to the Wilshire/Vermont Metro Red Line Station, and is proximate to two other Metro stations at Wilshire/Normandie and Wilshire/Western, offering direct access to Downtown LA, Hollywood, and the San Fernando Valley with exceptional connectivity to all of Los Angeles County via the Metro Rail and Bus System. The Property’s immediate proximity to Vermont Avenue, one of Los Angeles’ highest traveled arteries and the region’s 3rd longest north/south thoroughfares, provides direct access to the Los Angeles Freeway system via the 101 or I-10 freeways, both of which are located less than two miles from the Property.

Traffic Count Map - Close UpS Vermont Ave & W 8th St, Los Angeles, California, 90005 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 34.05776

Longitude: -118.29165

Source: ©2016 Kalibrate Technologies

February 23, 2017

©2016 Esri Page 1 of 1

METRO RAIL & BUSWAY

�With�an�average�daily�traffic�count�of�42,003,�the�intersection�of�Vermont�and�West�8th�Street�is�the�busiest�intersection�located�within�a�quarter�mile�radius.�

TRANSIT ORIENTED DEVELOPMENTThe Property is ideally situated within just a six minute walk to the Wilshire/Vermont Metro Red/Purple Line Station, and is proximate to two other Metro stations at Wilshire/Normandie and Wilshire/Western, offering direct access to Downtown LA, Hollywood, and the San Fernando Valley with exceptional connectivity to all of Los Angeles County via the Metro Rail and Bus System.

8TH @VERMONT

The Metro connects directly with the Purple Line Extension, which, when completed in 2023, will extend westward offering multiple stops along Wilshire Boulevard in Miracle Mile, Beverly Hills, and Westwood.

PURPLE LINE EXTENSION

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 13

METRO TRAVEL TIME

TO DTLA: 10 MINS

TO HOLLYWOOD: 15 MINS

TO PASADENA: 40 MINS

TO UNIVERSAL/STUDIO CITY: 17 MINS

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

14

6 , A Newmark Company

134

134

405

405

101

170 5

5

5

2

10

110

2

110

10

11010

101

Hollywood

Mid-Wilshire

West Hollywood

Beverly Hills

Miracle MileWestwood

North Hollywood

Glendale

8 M

iles

6 M

iles

4 M

iles

2

Mile

s

6.0 MSFOffice

4.7 MSFOffice

6.2 MSFOffice

3.0 MSFOffice

2.3 MSFOffice 2.8 MSF

Office

10.8 MSFOffice

37.4 MSFOffice

Studio City/Sherman Oaks

BurbankMedia District

Century City

7.5 MSFOffice

7.5 MSFOffice

5.8 MSFOffice

DowntownLos Angeles

101

.64 MSFOffice

Metro Blue LineMetro Gold LineMetro Red LineMetro Orange LineMetro Green LineMetro Purple LineMetro Expo Line

8th @ Vermont’s central location within Los Angeles offers residents immediate access to the employment opportunities that reside in the 7.5 million square feet of Class A office space within the Mid-Wilshire/Koreatown submarket. Additionally major employment centers in Downtown Los Angeles (2 miles), Miracle Mile (4 miles), Hollywood (4 miles), Beverly Hills (5 miles), and Century City (7 miles).

CENTRAL TO EMPLOYMENT CENTERS

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 15

6 , A Newmark Company

134

134

405

405

101

170 5

5

5

2

10

110

2

110

10

11010

101

Hollywood

Mid-Wilshire

West Hollywood

Beverly Hills

Miracle MileWestwood

North Hollywood

Glendale

8

Mile

s

6 M

iles

4 M

iles

2

Mile

s

6.0 MSFOffice

4.7 MSFOffice

6.2 MSFOffice

3.0 MSFOffice

2.3 MSFOffice 2.8 MSF

Office

10.8 MSFOffice

37.4 MSFOffice

Studio City/Sherman Oaks

BurbankMedia District

Century City

7.5 MSFOffice

7.5 MSFOffice

5.8 MSFOffice

DowntownLos Angeles

101

.64 MSFOffice

Metro Blue LineMetro Gold LineMetro Red LineMetro Orange LineMetro Green LineMetro Purple LineMetro Expo Line

8th @ Vermont’s central location within Los Angeles offers residents immediate access to the employment opportunities that reside in the 7.5 million square feet of Class A office space within the Mid-Wilshire/Koreatown submarket. Additionally major employment centers in Downtown Los Angeles (2 miles), Miracle Mile (4 miles), Hollywood (4 miles), Beverly Hills (5 miles), and Century City (7 miles).


8th @ Vermont’s central location within Los Angeles offers residents immediate access to the employment opportunities that reside in the 7.5 million square feet of Class A office space within the Mid-Wilshire/Koreatown submarket.


DOWNTOWN LA+500,000 JOBS

HOLLYWOOD+60,000 JOBS

TRI-CITIES+315,000 JOBS

W. HOLLYWOOD+43,000 JOBS

MIRACLE MILE+19,000 JOBS

CULVER CITY+49,000 JOBS

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

16

Located west of Downtown L.A. and south of Hollywood, Koreatown is one of the most diverse and most densely populated neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood, home to the Ambassador Hotel, the Cocoanut Grove and the Brown Derby. Today, Korean and Latino populations contribute to Koreatown’s rich cultural diversity. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country.

Over the past 10 years, Koreatown has experienced an explosion in big ticket development, with more than 50 new projects in the works now. Korean barbecue, Korean spas and Korean bars have become increasingly popular, and more and more young, hip tenants are renting relatively affordable apartments in the area.

“KOREATOWN: A RAPIDLY TRANSFORMING, URBAN CORE”

126,917POPULATION

42,611/mi.POP. DENSITY

+54,000JOBS

+$1 BILLIONINVESTED IN THE AREA

95WALKSCORE

ALCHEMIST COFFEE PROJECT | 0.1 mi. FROM SUBJECT

THE LINE | 0.8 mi. FROM SUBJECT QUARTERS | 0.8 mi. FROM SUBJECT

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 17

KOREATOWN AMENITIES

ArdmorePayground

Park

LafayettePark

MacArthurPark

ShattoRecreation

Center

3rd St

Beverly Blvd

Wilshire Blvd

Pico Blvd

Wilto

n P

l

Alv

arad

o St

Hoove

r St

8th St

Irolo

St

Ram

part

Blv

d

Uni

on A

ve

Vir

gil A

ve

Verm

on

t A

ve

Arl

ingto

n A

ve

West

ern

Ave

6th St N

orm

an

die

Ave

Olympic Blvd

Norm

an

die

Ave

101

1 23

4

5

7

8

15

16 1718

9

10

1112 13

14

6

28

9

10

3

4

5 6

7

11

12

13

14

15

16

1

1

2

3

4

5

6

2

1

3

4

5

1

2

34

5

6

1

2

3

4

1 22

1

3

456

7

1

2

6

7

89

3

4

5

1

4

3

2

65

70

71

727475

76

67

68

69

1

2

3

456

7

8

9

1011

12 13

14

15

161719

20

21

22

23

24

2526

59 60

48

50

5152

53

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

54

55

56

57

58

4961 63

64

65

66

62

18

73

IHOP

Buffalo Wild Wings

The Prince

Guisado's

Berlins

Terra Cota

The Carving Board

Burgerim

Hae Ha Heng Thai Bistro

Tous Les Jours

Sumo Dog

UbaTuba

Here's Looking At You

Mama Lion

Openaire

EMC

Cassell's

Le Comptior

Yupdduk

BCD Tofu House

Louisiana Fried Chicken

WOK BAR (hotpot)

J BBQ

Stone Grill BBQ

Sun Ha Jang

Soban

Mapo Galbi

Han Bat Shul Lung Tang

Ma Dang Gook Soo

Master Ha Korean

Jae Bu Do

Jun Won

Zzamong

Yuchun

Hangari Kalguksu

Sun Nong Dan

Seong Buk Dong

DGM - DwitGolMok

Restaurant

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

Dumpling House

Beverly Soon Tofu

Park's Barbeque

Kobawoo House

Olympic Cheonggukjang

Eighth Street Soondae

Thai Ocean

El Quetzal Bakery

San Soo dang

85 Degrees C Bakery Cafe

Baskin Robbins

Denny's

Denny's

Caffebene

Chipotle

Chosun Galbee

COMMISSARY at LINE LA

El Cholo

Escala

Fatburger

Guelaguetza

Hodori

It's Boba Time

Jimmy John's

Moodaepo II

O Dae San Korean BBQ

OB Bear

Quarters Korean BBQ

R Bar

Road to Seoul

Simply Pho You

Soowon Galbi

Ssam Korean BBQ

Subway

Taco Bell

The Boiling Crab

Yogurtland

Chuck E. Cheese's

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

1

2

Jamba Juice

Robeks

Juice Bar

1 Best Western

Ramada

New Seoul Hotel

East West Hotel

Palga Grand Hotel

Hometel Suites

The LINE Los Angeles

Hotel

7

6

5

4

3

2

Silver Platter

Dan Sung Sa Restaurant

Beer Belly

BiergartenLA

Break Room 86

Café Bleu

Café Brass Monkey

Gaam

Lock & Key

Shatto 39 Lanes

Southland Beer

The Wiltern

Normandie Club

HMS Bounty

Paper Tiger

Shrine

Nightlife

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Smart and Final

Zion Market

Kang Ho-Dong Baekjeong

Seafood City Supermarket

Vons

Jons Marketplace

California Market

Grocery/Market

1

4

5

6

7

8

9

2-3 Ralphs

Rite Aid

Walgreens

Pharmacy

3

4

1-2 CVS

Caffe Bene

Alchemist Coffee Project

Bumsan Milk Bar

Gong Cha

Alfred

Spot Coffee

Coffee

3

8-12

1-7

The Coffee Bean and Tea Leaf

Starbucks

13

14

15

16

17

18

Fitness

24 Hour Fitness

CrossFit

My Gym Children's

YogaWorks

4-5 YMCA

1

2

3

6

Paris Baguette USA

Paris Baguette USA

Dolly LLama

Milk Tavern

Edible Arrangements

Honeymee

Dessert

1

2

3

4

5

6

Payless

Ross Stores

Staples

Target

WSS

Big 5

Retail

1

2

3

4

5

6

City Center on 6th

Koreatown Galleria

Koreatown Plaza

Mandang Plaza Shopping Mall

Vermont Galleria

Shopping Center

1

2

3

4

5

372505N

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

18

NOTABLE PLANNED DEVELOPMENTS

Name Address Distance From Subject Description

1 Vermont Corridor Project

532 S Vermont AveLos Angeles, CA 90020

0.5 milesA cluster of buildings rising on county-owned land. Project to include a mix of housing, government offices, retail space, and a community center. The sites are being redeveloped through a partnership between the county and Trammell Crow Company.

2 Wilshire Galleria Project

3240 Wilshire BlvdLos Angeles, CA 90010

0.3 milesPlanned around the historic Wilshire Galleria, this project from Harridge Development Group would flank the old building with a 35-story tower and a seven-story condo structure. Project will include 470 units + 148-key hotel.

3 Korean American National Museum

605 S Vermont AveLos Angeles, CA 90005

0.4 milesThe Korean American National Museum will occupy what’s currently a city-owned parking lot on Sixth and Vermont. City officials agreed to lease the property to the nonprofit for $1 per year. Project will include 103 units of housing, slated to open in 2020.

4 631 Vermont Ave631 S Vermont AveLos Angeles, CA 90005

0.3 milesLocated next to the Korean American National Museum, this project will replace what is currently a Denny’s with a 33-story building which includes 200 hotel rooms, 250 condos, 49,227 SF of office space, and 28,490 SF of retail and restaurant space.

5 3800 W 6th St3800 W 6th StLos Angeles, CA 90020

1.2 miles A 20-story development which includes 192 hotel rooms, 122 condos and 15,200 SF of commercial space on the bottom two levels.

6 Wilshire Boulevard Temple expansion

3663 Wilshire BlvdLos Angeles, CA 90010

1.0 milesProject will be next door to the Wilshire Boulevard Temple. The new event space will be designed by Rem Koolhaas’s firm, OMA. The project is set to include a ballroom, meeting rooms, and landscaping by local firm Studio-MLA.

7 800 S Western Ave800 S Western AveLos Angeles, CA 90005

1.1 miles148 hotel rooms, 96 apartments, and 58,000 SF of commercial space (including six restaurants). An Art Deco-style parking garage and commercial building now at the project site will be preserved in the new development.


1.2 miles This mixed use project would replace an old post office with 200 hotel rooms, 44 apartments, and 18,000 SF of commercial space.

9 1074 S Vermont Ave1074 S Vermont AveLos Angeles, CA 90006

0.6 miles Mixed use complex to include 228 condos, 53,000 SF of retail space, and an underground parking lot.

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 19

NOTABLE PLANNED DEVELOPMENTS

Name Address Distance From Subject Description

10 Hampton Inn 4110 W 3rd StLos Angeles, CA 90020

1.4 miles Six-story Hampton Inn will offer 171 guest rooms and a two-level parking structure.

11 Grand Spa Hotel 2999 W 6th StLos Angeles, CA 90020

0.6 miles Six-story hotel will offer 99 guest rooms above a parking structure.

12 99-room hotel 966 Dewey AveLos Angeles, CA 90006

0.6 miles This project will replace a cluster of older bungalows with a 99 room hotel. It will include parking for 63 vehicles.


0.5 miles 80 hotel rooms, eight residential units and 7,181 square feet of commercial space. Plans filed by developer David Haddadi.

Source: Curbed Los Angeles

1

2 34

56

7

810

11

12

13

9

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

20

KOREATOWNMULTIFAMILY OVERVIEW

$2,910OCT 2019 AVG RENT(CLASS A)

2,846TOTAL UNITS(+100 UNIT PROPERTIES)

13TOTAL PROPERTIES(+100 UNIT PROPERTIES)

1992AVG YEAR BUILT(+100 UNIT PROPERTIES)

97.0%OCT 2019 AVG OCCUPANCY(CLASS A)

THE PEARL ON WILSHIRE | 2018 BUILT

NEXT ON 6TH | 2017 BUILT

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 21

KOREATOWN MARKET RATE APARTMENT PIPELINE

Under Construction / Planned / Prospective as of September 2019/50 Units +

NAME OWNER/DEVELOPER ADDRESS ZIP SUBMARKET 2020 UNITS

2021 UNITS

PLANNED / PROSPECTIVE

TOTAL

2783 Francis DPK Group Investments

2783–2801 Francis Ave. 90005 Koreatown 50 50

400 Catalina Abolhassan Arefi 400-416 S. Catalina St. 90020 Koreatown 61 61

1750 Glendale Boulevard Aragon Properties 1750 Glendale Blvd 90026 Koreatown 62 62

2800 Olympic Hyoung Man Pak 2800 W. Olympic Blvd. 90006 Koreatown 67 67

Manhee Manor Pak, Hyoung M. 1019 South Catalina Street 90006 Koreatown 70 70

Berendo Street Jamison Properties 3100 West 8th Street 90005 Koreatown 98 98

3921 Wilshire Jamison Properties 3921 Wilshire Blvd. 90010 Koreatown 103 103

South Serrano Avenue Zackary Brothers 1011 South Serrano Avenue 90006 Koreatown 104 104

Catalina Street Jamison Properties 685 South Catalina Street 90005 Koreatown 122 122

Wilco The Somerset Group 2525 Wilshire Blvd 90057 Koreatown 152 152

Audrey Apartments Jamison Properties 700 S Manhattan Pl 90005 Koreatown 160 160

Alexan Bahay Trammell Crow Residential

330 N Westlake Ave 90026 Koreatown 200 200

3350 Wilshire Jamison Properties 3350 Wilshire Blvd 90010 Koreatown 216 216

4+N Lofts Jamison Services, Inc 411 Normandie Ave 90020 Koreatown 224 224

3980 Wilshire Boulevard Jamison Services Inc 3980 Wilshire Blvd 90010 Koreatown 228 228

525 North Wilton Place Frost Chaddock Developers

525 North Wilton Pl 90004 Koreatown 88 88

Mariposa on 3rd 259 S Mariposa Ave 90004 Koreatown 121 121

678 South Ardmore Avenue Jamison Properties 678 South Ardmore Avenue 90005 Koreatown 123 123

8th Street and Harvard Blvd Jamison Properties 826 South Harvard Blvd 90005 Koreatown 131 131

The Thompson Jamison Properties 3345 Wilshire Blvd. 90010 Koreatown 202 202


966 South Kenmore Avenue Jamison Properties 966 South Kenmore Avenue 90006 Koreatown 50 50

707 South Berendo Street Moftakhar, Farshad 707 South Berendo Street 90005 Koreatown 50 50

738 Normandie Avenue Jamison Properties 738 Normandie Avenue 90005 Koreatown 50 50

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

22

KOREATOWN MARKET RATE APARTMENT PIPELINE (continued)


2020 UNITS


TOTAL

968 Fedora Street Jamison Properties 968 Fedora Street 90006 Koreatown 50 50

4000 6th Keum Whang 4000 W 6th St. 90020 Koreatown 51 51

985 3rd Meridian Developments

985 S. 3rd St. 90019 Koreatown 51 51

1120 South Serrano Ave Arefi, Abolhassan 1120 South Serrano Avenue 90006 Koreatown 52 52

860 Normandie Ben Mehdizadeh 860 S. Normandie Ave. 90005 Koreatown 57 57

689 Catalina Jamison Properties 689 S. Catalina St. 90005 Koreatown 61 61

St. Andrews Palace Ha Seoup Bang 719 St. Andrews Pl. 90005 Koreatown 65 65

748 South Kingsley Drive Sabetfard, Edward 748 South Kingsley Drive 90005 Koreatown 67 67

1045 Dewey Avenue YM Homes 1045 Dewey Avenue 90006 Koreatown 67 67

926 Kingsley Havard Investment Group

926 S. Kingsley Dr. 90006 Koreatown 69 69

401 Western Ennable Properties Inc. 401 S. Western Ave. 90020 Koreatown 73 73

Berendo Dream Realty Asset Mgmt

950 S. Berendo St. 90006 Koreatown 75 75

950 South Berendo Street Byun, Miran 950 South Berendo Street 90006 Koreatown 75 75

923 Kenmore Domus Development 923–937 S. Kenmore Ave. 90006 Koreatown 75 75

616 Westmoreland Harvest Asset Mgmt 616 S. Westmoreland Ave. 90005 Koreatown 77 77

7th & Irolo Vukota Capital/Archeon Development

698 South Irolo St. 90005 Koreatown 80 80

2859 Francis P&N Builders Inc. 2859 Francis Ave. 90005 Koreatown 81 81

350 Alexandria Saman Kerendian 350 S. Alexandria Ave. 90020 Koreatown 82 82

Berendo Apartments GIC Investment 427 S. Berendo St. 90020 Koreatown 85 85

815 Kingsley Saman Kerendian 815–831 S. Kingsley Dr. 90005 Koreatown 90 90

737 South Oxford Avenue Chang, In Sook 737 South Oxford Avenue 90005 Koreatown 92 92

The Heights East Bastion Development Corp

3323 W. Olympic Blvd. 90019 Koreatown 94 94

The Heights Hugh Tangye 975 S. Manhattan Pl. 90019 Koreatown 95 95

Fedora II CGI Strategies 826 S. Mariposa Ave. 90005 Koreatown 98 98

Korean American Museum Jamison Properties 605 S. Vermont Ave. 90005 Koreatown 103 103

2870 West Olympic Blvd Garrison, Milan 2870 West Olympic Blvd 90006 Koreatown 126 126

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 23

Sources: Yardi Matrix | CoStar, Inc.

KOREATOWN MARKET RATE APARTMENT PIPELINE (continued)


2020 UNITS


TOTAL

3,226 Units Under Construction

8,032 Units Planned/Prospective

635 Western Jamison Properties 635 S. Western Ave. 90005 Koreatown 132 132

744 South Serrano Avenue Jamison Properties 744 South Serrano Avenue 90005 Koreatown 157 157

Apartments on 7th Street @ Hoover

Z&L Properties 2806 West 7th Street 90005 Koreatown 166 166

Arapahoe Street Neman Investments 2515 West Olympic Blvd 90006 Koreatown 173 173

Mariposa and Fedora CGI Strategies 849 Fedora Street 90005 Koreatown 182 182

900 South Vermont Avenue Jamison Properties 900 S. Vermont Avenue 90006 Koreatown 193 193



1000 Vermont A-Ju Realty 1000 South Vermont Avenue 90006 Koreatown 228 228

2972 7th Street City Century 2972 West 7th Street 90005 Koreatown 228 228

IB Plaza Redevelopment Jamison Properties 800 South Western Avenue 90005 Koreatown 230 230

Parks in LA, The Park, Charles 3433 West 8th Street 90005 Koreatown 251 251

Bora 3170, The Park, Dongsik Benjamin

3170 West Olympic Blvd 90006 Koreatown 252 252

Soul Urban Offerings 550 Shatto Pl. 90020 Koreatown 256 256

Catalina, The Hakim, Said 811 South Catalina Street 90005 Koreatown 269 269

Rise Koreatown, The Encore Capital Management

3525 West 8th Street 90005 Koreatown 364 364

3700 West Wilshire Blvd Jamison Properties 3700 Wilshire Blvd 90010 Koreatown 506 506

3240 Wilshire Boulevard Harridge Development Group

698 South New Hampshire Avenue

90005 Koreatown 470 470

3470 Wilshire Blvd Jamison Properties 3470 Wilshire Blvd 90005 Koreatown 641 641


1,917 1,381 8,032 11,330

PROPERTY DESCRIPTION

THE LINE | 0.8 mi. FROM SUBJECT

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 25

PROPERTY OVERVIEW

UNIT MIX

PROPERTY ADDRESS2971 W 8th Street,

Los Angeles, CA 900053062 Leeward AvenueLos Angeles, CA 90005

UNITS 60 5 bungalows

GROSS BUILDING AREA 25,048 3,026

PARKING 33 Spaces

YEAR BUILT 1950 1921

APN 5077-018-018 5077-018-017

ZONING LAR4-2 / C2-1 LAR4-2

ACREAGE .76 .18

LAND SF 32908 7758

TOTAL LAND SF 40,666

Unit Type Unit Count NRSF Total NRSF

Bachelor 4 198 792

Studios 56 400 22,400

1 bedroom 4 468 1,872

3 bedroom 1 1,042 1,042

Total 65 402 26,106

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

26

ZONING SUMMARY & DEVELOPMENT POTENTIAL

*REPLACING EXISTING RSO UNITS / AFFORDABLE REQUIREMENT

BASE (LAR4-2)

ALLOWABLE PER TOC

TOC BONUS 8TH @ VERMONT

FAR 3:1 121,998 SF3:1.75 or 50% bonus, whichever is greater

Up to 182,997 SF

DENSITY 400 SF/DU 102 UNITS 70% BONUS 174 UNITS

HEIGHT LIMIT UNLIMITED2 additional stories or up to

22 additional feetUNLIMITED

AFFORDABLE REQUIREMENT 70% of existing units to be replaced as affordable 32% ELI, 19% VL, 19% Low 46 affordable units*

AB 2556 requires 70% of the existing units to be replaced as affordable units unless there are income documents to support that they are not affordable units. The allocation of the designated affordable units replacing 70% of the existing units is required as follows: 32% ELI, 19% VL, 19% Low.

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 27

GENERALIZEDZONING

HIGH MEDIUM RESIDENTIAL

Generalized ZoningCity of Los Angeles

Department of City Planning

Leeward Ave

8th Street

Ver

mo

nt A

ve

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

28

EXISTING IMPROVEMENTSCurrent ownership has invested over $600,000 in capital expenditures to date. Renovations have included new copper plumbing, new paint and stucco on the exteriors, updated fencing, new windows throughout, and extensive interior renovations have been completed on seven (7) of the 60 units in the main building, as well as the three-bedroom bungalow unit.

8TH @

VER

MO

NT | O

FF

ER

ING

ME

MO

RA

ND

UM

| CB

RE | 29

8TH

@ V

ER

MO

NT

| O

FF

ER

ING

ME

MO

RA

ND

UM

| C

BR

E |

30


Construction)

HOLLYWOOD

GLENDALE

SILVERLAKE

GRIFFITH PARK

NEW

HA

MP

SHIR

E A

VEN

UE

NEW

HA

MP

SHIR

E A

VEN

UE

S B

EREN

DO

ST

S B

EREN

DO

ST

S CATALIN

A ST

S CATALIN

A ST

VE

RM

ON

T A

VE

NU

E

VE

RM

ON

T A

VE

NU

E

S WE

STMO

RE

LAN

D A

VE

S WE

STMO

RE

LAN

D A

VE

WEST 8WEST 8THTH ST ST

WILSHIRE BLVDWILSHIRE BLVD 2929 Leeward Ave(80 Units Under Construction)


Under Construction)

3033 Wilshire(190 Units)

Next on 6TH

(393 Units + 22,000 SF )


(449 Units)


621 Vermont Ave(179 Units Planned)

Wilshire/Vermont




BerkshireK2LA

(177 Units)



ThaiThaiOceanOcean

SanSanSooSoo

DangDang


Wilshire/Normandie


6 MIN WALKTO METRO



Construction)

HOLLYWOOD

GLENDALE

SILVERLAKE

GRIFFITH PARK

NEW

HA

MP

SHIR

E A

VEN

UE

NEW

HA

MP

SHIR

E A

VEN

UE

S B

EREN

DO

ST

S B

EREN

DO

ST

S CATALIN

A ST

S CATALIN

A ST

VE

RM

ON

T A

VE

NU

E

VE

RM

ON

T A

VE

NU

E

S WE

STMO

RE

LAN

D A

VE

S WE

STMO

RE

LAN

D A

VE


WILSHIRE BLVDWILSHIRE BLVD 2929 Leeward Ave(80 Units Under Construction)


Under Construction)

3033 Wilshire(190 Units)

Next on 6TH

(393 Units + 22,000 SF )


(449 Units)


621 Vermont Ave(179 Units Planned)

Wilshire/Vermont




BerkshireK2LA

(177 Units)



ThaiThaiOceanOcean

SanSanSooSoo

DangDang


Wilshire/Normandie


6 MIN WALKTO METRO


Affiliated Business Disclosure

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of com-mercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund manage-ment and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner con-sistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality Agreement

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

Disclaimer

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future per-formance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to termi-nate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

8TH @VERMONT

CHRIS TRESPSenior Associate+1 310 228 2122Lic. [email protected]

DEAN ZANDERExecutive Vice President+1 310 550 2599Lic. [email protected]

GREG GRANTSenior Vice President+1 310 363 4935Lic. [email protected]

EXCLUSIVELY LISTED BY

FINANCING

VERMONT - LoopNet€¦ · privilege in Los Angeles. Boasting a 95 Walk Score, the Property is...

Documents

Transcript of VERMONT - LoopNet€¦ · privilege in Los Angeles. Boasting a 95 Walk Score, the Property is...