All materials and information received or derived from KW ......$1,995,000 6401 Ruby Street Los...

All materials and information received or derived from KW COMMERCIAL its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of theproperty, compliance or lack of compliance with applicable governmental requirements,developability or suitability, financial performance of the property, projected financialperformance 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 anyrepresentation or warranty, express or implied, as to accuracy or completeness of thematerials or information provided, derived, or received. Materials and information fromany source, whether written or verbal, that may be furnished for review are not asubstitute for a party’s active conduct of its own due diligence to determine these andother matters of significance to such party. KW COMMERCIAL will not investigate orverify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged toverify all information and to conduct their own inspections and investigations includingthrough appropriate third party independent professionals selected by such party. Allfinancial data should be verified by the party including by obtaining and readingapplicable documents and reports and consulting appropriate independentprofessionals. KW COMMERCIAL makes no warranties and/or representations regardingthe veracity, completeness, or relevance of any financial data or assumptions. KWCOMMERCIAL does not serve as a financial advisor to any party regarding any proposedtransaction.

All data and assumptions regarding financial performance, including that used forfinancial modeling purposes, may differ from actual data or performance. Any estimatesof market rents and/or projected rents that may be provided to a party do notnecessarily mean that rents can be established at or increased to that level. Parties mustevaluate any applicable contractual and governmental limitations as well as marketconditions, vacancy factors and other issues in order to determine rents from or for theproperty. Legal questions should be discussed by the party with an attorney. Taxquestions should be discussed by the party with a certified public accountant or taxattorney. 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 complieswith applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by KW COMMERCIAL in compliancewith all applicable fair housing and equal opportunity laws.

JESSICA L. ROMERO

Luxury Homes & Investments

626.414.7464 [email protected]

DRE: 01920921

ALEX ROMERO


323-333-2969 [email protected]

DRE: 01198209

SETH POLEN

Director


DRE: 01133279

$1,995,000

6401 Ruby Street

Los Angeles, CA 90042

Commercial/Club/Lodge

3,969

6,786

5493-017-025

1914

LARD2

1

T H E A L A M O B O O M I N G H I G H L A N D P A R K

LOCATION

WALK SCORE 81 – Very Walkable

BIKE SCORE 88 – Very Bikeable

DISCLAIMER: The information contained herein is not a substitute for a thoroughdue diligence investigation. The Broker has not made any investigation, andmakes no warranty or representation, with respect to the income or expenses forthe subject property, the future projected financial performance of the property,zoning & land use, and the size and square footage of the property andimprovements.

This will be the first time on the open market in more than 50 years! Calling all

investors, dreamers, artists and opportunity seekers. Welcome to The Alamo!

Originally built in 1904 as one of Garvanza districts first public libraries, this classic

mission style piece of Highland Park history awaits its next chapter with your vision.

This architecturally beautiful and hugely versatile property could thrive in so many

different avenues. Make it into your own family compound, venue, business or

creative sanctuary. Live in the most timeless and unique space located in the heart

of one of the coolest and fastest appreciating pockets in the nation! You could

even launch your own business or trade from home. Features include: an awesome

commercial quality kitchen, multiple large rooms and lounge areas, wood burning

fireplace, vintage bar, his and her bathrooms and a large ballroom sized space

boasting dramatic vaulted ceilings hiding beneath the drop down ceiling surface.

Classic French doors spill onto a romantic courtyard; perfect for lavish parties or

peaceful al fresco lunches under the shade and privacy of mature trees. This once

in a lifetime Highland Park refuge is the perfect setting to nurture your dream

lifestyle or business into a reality!

• Featuring a commercial quality kitchen

• Fireplace

• Lounge Areas

• Bar

• Large Courtyard

• Large Ballroom

• Vaulted Ceiling

Garvanza Elementary

The Offbeat

Penny’s Burgers

Arroyo Seco Library

Highland Park Recreation Center Fusion Burgers

Café Jane

Coco’s Bakery

6401 Ruby Street has a Walk Score of 81 out of 100. This location is Very Walkable so most errands can be accomplished on foot.


Address & Total Units Building SF Lot SF Type Built Sale Date Pr ice Pr ice/SF

1 11,648 11,648 Religious 1924 04/18/19 $4,750,000 $407.80

5206-5210 N. Figueroa Street Facility


2 3,942 6,534 Industrial 1908 On Market $3,250,000 $824.45

2640 Huron Street 1989


3 5,297 7,160 Warehouse 1924 Under $1,895,000 $357.75

6701 N. Figueroa Street Contract


4 2,890 23,048 Commercial 1958 12/30/19 $2,650,000 $916.96

245 Fair Oaks Avenue

South Pasadena, CA 91030

5 6,875 6,891 Commercial 1926 On Market $3,334,000 $484.95

5317 York Boulevard 2018


$598.38

S Subject 3,969 6,786 Club 1914 List Price $1,995,000 $502.65

6401 Ruby Street Lodge


Total/Averages


COMPARABLES

1 5206-5210 N. Figueroa Street

2 2640 Huron Street

3 6701 N. Figueroa Street

4 245 Fair Oaks Avenue

5 5317 York Boulevard

S 6401 Ruby Street

3

2

S

1

5

4

Highland Park is a neighborhood in the city of Los

Angeles, located in the San Rafael Hills and along

the Arroyo Seco. It is situated within what was once

Rancho San Rafael of the Spanish/Mexican era.

Its boundaries are roughly the Arroyo Seco

Parkway (California Route 110) on the southeast,

the city limits of Pasadena on the northeast, Oak

Grove Drive on the north, and Avenue 51 on the

west. Primary thoroughfares include York

Boulevard and Figueroa Street.

LOCATION AMENITIES The Old LA Certified Farmers Market operates in the

Highland Park neighborhood of Los Angeles, CA. The farmers market is open

every Tuesday from 3PM to dusk year round. One of the newest certified farmers’

markets in the Los Angeles area, the market opened in April 2006 and serves

Highland Park and other neighborhoods in Northeast Los Angeles, including Mt.

Washington, Eagle Rock,(Glassel Park, Los Angeles ) and Montecito Heights. The

OLACFM is of moderate size by Los Angeles standards, with about 10 participating

farmers. The market is located in perhaps the "downtown" center of Northeast Los

Angeles, adjacent to the Highland Park station on the Metro Gold Line light rail

system at Marmion Way between Aves. 57 & 58, one block from busy Figueroa

Street.

❖ HIGHLAND THEATRE The 67-year-old Highland Theatre, the last of a group of

1920s theaters that once formed the heart of Highland Park, has been

designated a historic-cultural monument by the Los Angeles Cultural Heritage

Commission. Designed by theater architect L.A. Smith, the Spanish-style

Highland at 5600 N. Figueroa St. features arched openings, decorative tile walls

and wrought-iron work on its exterior. The once-elegant interior had an

orchestra pit, a working stage for vaudeville acts, large ceiling frescoes, and

elaborate moldings in the shape of Spanish arches.

❖ AVENUE 50 STUDIO Since its founding in 2000, Avenue 50 has grown from a

small gallery to an active non-profit arts nexus, and is now an important arts

destination venue in the Highland Park neighborhood of Northeast Los

Angeles, a traditional arts enclave in the city. Avenue 50 provides a venue for

exceptional, up-and-coming local artists and poets.

❖ YORK PARK was built on the site of a former gas station at the corner of York

Boulevard and Avenue 50. The $3 million parklet covers just a third of an acre,

but is a little pocket of wonder the whole family can enjoy. The planners of this

new park, certainly made the most of every inch. While you won’t find much in

the way of grass, the space is covered with a bright teal and orange, shock-

absorbent surface and two main play surfaces.


Restaurant Yelp Rating

1 Parsnip 5.0

2 Fusion Burgers 4.4

3 Cafe Jane 4.5

4 Villa Sombrero 4.3

5 Penny's Burgers 4.3

6 Mariscos El Faro 4.6

7 Hippo 4.5

8 Kitchen Mouse 4.6

9 Mason's Dumpling Shop 4.3

10 Antigua Bread 4.6

11 Cafe Birdie 4.4

12 ETA 4.5

13 The Greyhound Bar & Grill 4.3

14 Folliero's Italian 4.5

15 La Fuente Restaurant 4.4

16 Rosty Peruvian 4.7

17 El Pescador 4.3

18 Parsnip 4.7

19 El Pique 4.4

20 El Huarache Azteca 4.2

21 Sonny's Hideaway 4.4

22 Tennessee Hot Chicken 5.0

23 TOWN Pizza 4.5

24 Ramen of York 4.5

25 The York 4.3

12

4

6

8910

11

131516

17

12

14

18

192021222324

7

5

3

25

POPULATION 1 MILE 3 MILES

2023 PROJECTION 39,934 244,815

2018 ESTIMATE 39,385 241,369

2010 CENSUS 38,795 237,341

GROWTH 2018-2023 1.39% 1.43%

GROWTH 2010-2018 1.52% 1.70%


2023 PROJECTION 12,798 84,088

2018 ESTIMATE 12,645 82,972

2010 CENSUS 12,570 81,896

GROWTH 2018-2023 1.21% 1.35%

GROWTH 2010-2018 0.60% 1.20%

OWNER OCCUPIED 5,347 40,479

RENTER OCCUPIED 7,298 42,494


2018 AVG HH INCOME $79,808 $95,854

2018 MEDIAN HH INCOME $57,413 $67,446

<$25,000 2,638 16,073

$25,000-$50,000 2,846 15,516

$50,000-$75,000 2,364 13,864

$75,000-$100,000 1,401 9,815

$100,000-$125,000 1,167 7,484

$125,000-$150,000 665 4,926

$150,000-$200,000 826 6,221

$200,000+ 738 9,074

C O M M E R C I A L I N V E S T M E N T O P P O R T U N I T Y : : B O O M I N G H I G H L A N D P A R K

JESSICA L. ROMERO



DRE: 01920921

ALEX ROMERO


323-333-2969 [email protected]

DRE: 01198209

SETH POLEN

Director


DRE: 01133279

All materials and information received or derived from KW ......$1,995,000 6401 Ruby Street Los...

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