2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value...

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OFFERING MEMORANDUM 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC BLVD. LOS ANGELES CA 90021 ERICA JUNG 213-221-9318 JAMES SEO 310-991-7829

Transcript of 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value...

Page 1: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

OFFERING MEMORANDUM2444 PORTER ST. LOS ANGELES, CA 90021

2437 E OLYMPIC BLVD. LOS ANGELES CA 90021

ERICA JUNG 213-221-9318

JAMES SEO310-991-7829

Page 2: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PROPERTY SUMMARY

2444 Porter St 2437 E Olympic Blvd

Rentable Building Area(+ With Bonus Mezzanine) =

Total43,084 SF (+13,366 SF) = 56,450 SF N/A

Lot Size 42,123 SF 9607 SF

Year Built 1998 1998

Use Code Warehouse (Industrial) Parking Lot

Zoning LAM3 LAM3

APN/Parcel No 5168-029-023 5168-029-017

Parking Ratio 1.79/1,000 SF N/A

No. of Loading Dock High Doors/Loading 3 N/A

Asking Price $13,000,000

2444 Porter St

2437 E Olympic Blvd

Los Angeles, CA 90021

Page 3: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

SALES NOTES

Creative Office/Flex Space

Ideal for Garment or eCommerce Use

Downtown Headquarters / Warehouse

Immediate 10 Freeway Access

Clearance 13-26’ / Dock High & Ground Level Loading

Heavy Power - Ample & Secure Parking -Freight Elevator

Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 4: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

LOCATION Los Angeles, CA 90021

The subject property is

located near Arts

District Downtown LA

and one to two blocks

from FWY 10 exit and

entrance.

2444 Porter St

2437 E Olympic Blvd

Page 5: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

AERIAL MAP Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 6: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PARCEL MAP Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 7: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

TAX ROLL

2444 Porter 2437 E Olympic

Assessed Value $4,773,813 $444,701

Land Value $1,944,466 $443,571

Improvement Value $2,829,347 $1,130

Percent Improvement 59% 0%

Tax Amount $59,990.20 $5,532

Tax Status Current Current

Tax Rate Area 0-004 0-004

Homeowner Exemption N N

Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 8: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

SALES COMPARABLES

Address Date Price Sqft Year Built Lot Size

609 S Santa Fe Ave. Los Angeles 04/10/2017 $5,600,000 9,760 1924 11,209 SF

930 S Alameda St. Los Angeles 06/14/2017 $11,538,000 15,963 1995 23,077 SF

732 S Alameda St. Los Angeles 11/22/2017 $5,900,000 15,757 1997 50,486 SF

1914 Mateo St. Los Angeles 11/28/2017 $8,000,000 29,384 1985 39,460 SF

2430 E 11th St. Los Angeles 05/15/2017 $7,617,000 19,083 1988 33,643 SF

2423 E 23rd St. Los Angeles 06/18/2018 $22,819,090 57,736 2005 24,019 SF

945 Birch St. Los Angeles 02/06/2017 $5,000,000 11,400 1983 13,684 SF

651 Imperial St. Los Angeles 01/09/2017 $9,200,000 5,600 1926 5,600 SF

649 Imperial St. Los Angeles 01/09/2017 $9,200,000 11,200 1947 11,200 SF

Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 9: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

DEMOGRAPHICS Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 10: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

DEMOGRAPHICS (CONT’D) Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

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TRAFFIC COUNTS Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 12: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

TRAFFIC COUNTS (CONT’D) Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 13: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PHOTOS Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 14: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PHOTOS (CONT’D) Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 15: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PHOTOS (CONT’D) Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 16: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PHOTOS (CONT’D) Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 17: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PHOTOS (CONT’D) Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 18: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

PHOTOS (CONT’D) Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

Page 19: 2444 PORTER ST. LOS ANGELES, CA 90021 2437 E OLYMPIC …...2444 Porter 2437 E Olympic Assessed Value $4,773,813 $444,701 Land Value $1,944,466 $443,571 Improvement Value $2,829,347

CONTACTS

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or

obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate

professionals. Information deemed reliable but not guaranteed.

Los Angeles, CA 90021

2444 Porter St

2437 E Olympic Blvd

ERICA JUNG3550 WILSHIRE BLVD. #310

LOS ANGELES, CA. 90010 213-221-9318

JAMES SEO3700 WILSHIRE BLV.D #1008

LOS ANGELES, CA. 90010310-991-7829