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1420 20th Street& 1422 20th Street
O F F E R I N G M E M O R A N D U M
T WO-CONTIGUOUS PARCELS in the Heart of SANTA MONICA, california
±1.6 MILES FROM THE OCEAN
Affiliated Business Disclosure
CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.
Confidentiality Agreement
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general
reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of
its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.
Disclaimer
© 2016 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, 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.
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ContentsMarket Overview // 4• AREA Overview• Demographics• Amenity Map
1420 & 1422 20th Street // 8• Property Information
CBRE Contacts
Edward MatevosianLic. 1358783+1 818 502 [email protected]
Natalie Aghaei Lic. 01939416+1 310 948 [email protected]
City of SANTA MONICA OVERVIEW
Santa Monica is located on the coast of west Los Angeles, specifically between Pacific Palisades, Brentwood, Sawtelle, Mar Vista, and Venice. Over two-thirds of Santa Monica’s residents are renters, making Santa Monica a strong renter demographic.
During the 1980s, Santa Monica experienced a revitalization of its downtown core. Today, Santa Monica is a popular location in Los Angeles County for tourists and locals. Santa Monica is a destination for beach goers and tech startups. With attractions including Pacific Park and the Third Street Promenade, Santa Monica has all of the tourist appeal a beach city could ask for. Take the board walk south and you will find the glistening beaches of Venice with entertainers and vendors.
RARE INVESTMENT OPPORTUNITY IN THRIVING SANTA MONICA
Top Attractions
• Santa Monica Pier
• Santa Monica Looff Hippodrome (carousel) o National Historic Landmark in the Santa Monica Pier
• Third Street Promenade
• Santa Monica Place Mall o Redeveloped and reopened in 2010
• Santa Monica’s Annual Film Festival
• Santa Monica Stairs
• Santa Monica Public Library
• Annenberg Community Beach House
• Santa Monica Playhouse
• Two world-class hospitals: o Saint John’s Health Center o Santa Monica-UCLA Medical Center
Top EmployersAccording to the City’s 2012–2013 Comprehensive Annual Financial Report:
# Employer # of Employees
1 City of Santa Monica 2,528
2 Santa Monica - UCLA Medical Center 2,079
3 Santa Monica College 1,953
4 Saint John’s Health Center 1,676
5 Santa Monica-Malibu Unified School District 1,457
6 RAND Corporation 842
7 Universal Music Group 743
8 Activision Blizzard 692
9 ET Whitehall (Shutters and Casa del Mar) 568
10 Lionsgate Entertainment 555
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DEMOGRAPHICS
pOPULATION 1 MIle 2 miles 3 miles
2015 Estimated Population 41,005 134,374 227,147
2020 Estimated Population 42,863 139,675 235,706
Growth 2015-2020 4.53% 3.95% 3.77%
age 1 MIle 2 miles 3 miles
2015 Median Age 40.53 40.35 39.87
2015 Average Age 41.81 42.11 41.53
Gender 2015 Males 47.89% 48.44% 48.96%
Gender 2015 Females 52.11% 51.56% 51.04%
Households 1 MIle 2 miles 3 miles
2015 Households 20,637 69,323 113,206
2020 Households 21,637 72,176 117,656
Percent HH Change: 2015 to 2020 4.85% 4.12% 3.93%
Average Household Size 1.92 1.90 1.98
Household Income 1 MIle 2 miles 3 miles
2015 Average Household Income $92,966 $100,922 $105,167
2020 Average Household Income $96,654 $103,925 $107,882
9.40% 1 MIle 2 miles 3 miles
Less than 9th Grade 2.97% 2.84% 2.91%
Some High School, No Diploma 3.30% 2.57% 2.70%
High School Graduate 10.86% 9.63% 9.40%
Some College, No Degree 17.38% 14.81% 14.88%
Associate’s Degree 4.80% 5.00% 5.00%
Bachelor’s Degree 34.31% 37.55% 37.04%
Master’s Degree 16.60% 15.91% 16.00%
Professional Degree 6.42% 7.85% 7.95%
Doctorate Degree 3.35% 3.85% 4.11%
Job Type 1 MIle 2 miles 3 miles
2015 Employed Population 22,933 77,363 128,273
Blue Collar 1,240 3,759 6,325
White Collar 19,015 64,802 107,492
Service & Farm 2,678 8,801 14,455
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DEMOGRAPHICS MapSite Name1 1420 20TH ST
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Retail AMENITY MAPNNNNN
StarbucksStarbucks
StarbucksStarbuckskucksucks
Santa Monica UCLAMedical Center
Santa Monica UCLAMedical Center
StarbucksStarbucks
Rustic CanyonRustic Canyon
Bay Cities ItalianDeli & Bakery
Bay Cities ItalianDeli & Bakery
StarbucksStarbucks
StarbucksStarbucks
University ofSanta MonicaUniversity ofSanta Monica
StarbucksStarbucks
StarbucksStarbucks
10INTERSTATE
P aP a c ic ic i f if if i ccc O cOO cO c e ae ae a nnnaP a c ic ic i f if if i ccc O cOOO c ee ae a nnn
Wilsh
ire B
lvd
Wash
ingto
n A
ve
Stanford St
Berkley St
Berkley St
26th Street
18th Street
20th Street
SSS14th Street
Lincoln BlvdM
ontana
Ave
Santa
Monic
a B
lvd
Colo
rado A
ve
Olym
pic B
lvd
Pico B
lvd
Pacific Coast Hwy
Bro
adw
ay
1420 & 1422 20TH
STREET
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1420 20th Street&
1422 20th StreetProperty Information
SANTA MONIC
A BLV
D
1420 & 1422 20TH
STREET
locator | map
WIL
SHIRE B
LVD
MONTANA AVE
COLORADO AVE
OLYMPIC BLVD
PICO
20TH ST
PICO BLVD
CLOVERFIELD BLVD
26TH ST
14TH ST
LINCOLN BLVD
MID-CITY
SANTA MONICA
10
10
9
SANTA MONICA BLVD
1420 20TH STREET
street | map
WILSHIRE BLVD
COLORADO AVE
OLYMPIC BLVD
20TH ST
PICO B
LVD
CLOVERFIELD BLVD
26TH ST
14TH ST
10
10OLY
MPIC BLVD
Cornerstone OnDemand
Edmunds.Com
St John’s Hospital Library
Performing Arts Center
Lionsgate Entertainment
hulu Colorado Center
DMV
Universal Music Group
Universal Music publishing Group
UCLA Medical Plaza
Viacomred bull
Academy of Entertainment &
Technology
Demand Media
The Honest Company
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SANTA MONICA BLVD
1422 20TH STREET
street | map
WILSHIRE BLVD
COLORADO AVE
OLYMPIC BLVD
20TH ST
PICO B
LVD
CLOVERFIELD BLVD
26TH ST
14TH ST
10
10OLY
MPIC BLVD
Cornerstone OnDemand
Edmunds.Com
St John’s Hospital Library
Performing Arts Center
Lionsgate Entertainment
hulu Colorado Center
DMV
Universal Music Group
Universal Music publishing Group
UCLA Medical Plaza
Viacomred bull
Academy of Entertainment &
Technology
Demand Media
The Honest Company
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1420 20TH STREET
Property Description
Address: 1420 20th Street
Santa Monica, CA 90404
APN: 4275-009-004
Year Built: 1949
Building Size: ±1,960 sq. ft.
Lot Size: ±7,500 sq. ft.
Units: 5
Unit Mix: 100% Studios
Zoning: R2- Low Density Residential
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1422 20TH STREET
Property Description
Address: 1422 20th Street
Santa Monica, CA 90404
APN: 4275-009-005
Year Built: 1949
Building Size: ±1,960 sq. ft.
Lot Size: ±7,500 sq. ft.
Units: 5
Unit Mix: 100% Studios
Zoning: R2- Low Density Residential
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1420 & 1422 20th Street | property photos
1420
1422
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1420 & 1422 20th Street | PARCEL MAP
1420 1422
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1420 & 1422 20th Street | ZONING MAP
1420
1422
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CBRE Contacts
Edward MatevosianLic. 1358783+1 818 502 [email protected]
Natalie Aghaei Lic. 01939416+1 310 948 [email protected]