OR EL ADOBE • THREE (3) OCCUPIED GROUND FLOOR RETAIL ...
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HOLLYWOOD BLVD. HOLLYWOOD BLVD. URBAN INFILL | HOLLYWOOD MIXED USE PROPERTY IN PLACE INCOME WITH VALUE-ADD REPOSITION OR REDEVELOPMENT POTENTIAL • THREE (3) OCCUPIED GROUND FLOOR RETAIL SUITES • TEN (10) VACANT SECOND STORY SUITES (FORMERLY APARTMENT USE) • REAR ADDITIONAL PARKING LOT & STORAGE STRUCTURE 5201-5209 HOLLYWOOD BOULEVARD, LOS ANGELES, CA 90027 HOLLYWOOD: EL ADOBE HOLLYWOOD SIGN HOLLYWOOD SIGN GRIFFITH OBSERVATORY GRIFFITH OBSERVATORY KINGSLEY DR. KINGSLEY DR. NOUBAR’S EL NOUBAR’S EL ADOBE ADOBE PHARMACY PHARMACY EL ADOBE EL ADOBE MARKET & LIQUOR MARKET & LIQUOR DOG RESORT DOG RESORT ADDRESS 5201-5209 Hollywood Boulevard Los Angeles, CA 90027 SALE PRICE Best Offer IN PLACE RENTAL INCOME $249,948 YEAR 2 PROFORMA NOI $433,549 OCCUPANCY 57.93% (See Site Plan For Detail) All ten (10) second story suites will be delivered vacant at close of escrow # OF SUITES Thirteen (13) Total | Three (3) Retail + Ten (10) Office * BUILDING SIZE ±19,941 SF LAND SIZE* ±22,013 SF (0.51 Acres) OWNERSHIP Fee Simple (Land & Building) INVESTMENT HIGHLIGHTS EXECUTIVE SUMMARY In Place Income With Value Add Reposition OR Redevelopment Potential Iconic Hollywood Boulevard Address Urban Infill Corner Location Dense Hollywood Trade Area Demographics Vintage Architecture – Strong Trade Area Identity DOWNLOAD OFFERING MEMORANDUM INVESTMENT CONTACTS Austin Wolitarsky Senior Associate +1 310 363 4922 [email protected] Lic. 01957206 Dan Riley Senior Vice President +1 310 363 4899 [email protected] Lic. 01057519 W. Simon Mattox Vice President, MBA +1 310 796 6229 [email protected] Lic. 01732008 * The ten (10) second story units are built out as residential. * The units were occupied as residential apartments for several decades until the City issued a notice of violation in 2017. (Contact brokers for additional detail).
Transcript of OR EL ADOBE • THREE (3) OCCUPIED GROUND FLOOR RETAIL ...
HOLLYWOOD BLVD.HOLLYWOOD BLVD.
URBAN INFILL | HOLLYWOOD MIXED USE PROPERTYIN PLACE INCOME WITH VALUE-ADD REPOSITION OR REDEVELOPMENT POTENTIAL • THREE (3) OCCUPIED GROUND FLOOR RETAIL SUITES• TEN (10) VACANT SECOND STORY SUITES (FORMERLY APARTMENT USE)• REAR ADDITIONAL PARKING LOT & STORAGE STRUCTURE5201-5209 HOLLYWOOD BOULEVARD,
LOS ANGELES, CA 90027
HOLLYWOOD: EL ADOBE
HOLLYWOOD SIGNHOLLYWOOD SIGN GRIFFITH OBSERVATORYGRIFFITH OBSERVATORY
KING
SLEY
DR.
KING
SLEY
DR.
NOUBAR’S EL NOUBAR’S EL ADOBEADOBE
PHARMACYPHARMACY
EL ADOBEEL ADOBEMARKET & LIQUORMARKET & LIQUOR
DOG RESORTDOG RESORT
ADDRESS 5201-5209 Hollywood Boulevard Los Angeles, CA 90027
SALE PRICE Best Offer
IN PLACE RENTAL INCOME $249,948
YEAR 2 PROFORMA NOI $433,549
OCCUPANCY
57.93% (See Site Plan For Detail)All ten (10) second story suites will be delivered vacant at close of escrow
# OF SUITES Thirteen (13) Total | Three (3) Retail + Ten (10) Office *
BUILDING SIZE ±19,941 SF
LAND SIZE* ±22,013 SF (0.51 Acres)
OWNERSHIP Fee Simple (Land & Building)
INVESTMENT HIGHLIGHTSEXECUTIVE SUMMARYIn Place Income With Value Add Reposition OR Redevelopment Potential
Iconic Hollywood Boulevard Address
Urban Infill Corner Location
Dense Hollywood Trade Area Demographics
Vintage Architecture – Strong Trade Area Identity
DOWNLOAD OFFERING MEMORANDUMINVESTMENT CONTACTS
Austin WolitarskySenior Associate+1 310 363 [email protected]. 01957206
Dan RileySenior Vice President+1 310 363 [email protected]. 01057519
W. Simon MattoxVice President, MBA+1 310 796 6229 [email protected]. 01732008
* The ten (10) second story units are built out as residential. * The units were occupied as residential apartments for several decades until the City issued a notice of violation in 2017. (Contact brokers for additional detail).
