HIDDEN HOLLYWOOD GEM

Transcription

1 NORTH ORANGE DRIVE HIDDEN HOLLYWOOD GEM SA NT ICA ON A M BO UL EV AR D N. ORA NGE DRIV E 2 Side By Side R3 Lots (Between 2 Developments) CALL I ga l B a k s ha nd e h Offered At: $4.4 Million For Both Lots igal@rodeore.com CalBRE License # CalBRE # Rodeo Realty, Inc. does not guarantee the accuracy of square footage, lot size or other information concerning the property provided by the seller or obtained from public records or other sources.

2 WHY INVEST HERE? Oprah s New Formosa South Building in West Hollywood. 2 miles away :1041 N Formosa Netflix Moves to New Hollywood Office occupies 323,000 sq ft 1.9 miles away: 1041 N Formosa New Office Building Rising in Hollywood 2 miles away :926 N. Sycamore Brand new Production building under construction Less than a mile away :7007 Romaine Viacom signs 12-year lease,181,000 sq/ft at Columbia Square in Hollywood 1.7 miles away :1538 N El Centro

3 Prime La Brea Opportunity We are proud to present a Rare, Hidden Investment Opportunity, in the Heart of Hollywood s A ++, Residential & Commercial Centre. Surrounded by multiple State of the Art Developments, there are NOW 2 premiere, Side by Side, R3 zoned lots, available for purchase. Could be Delivered vacant, with no relocation costs to developers. Set in a perfect location, With a 93 Walk score (Walkscore.com), these hidden lots are within a very short walk to West Hollywood s popular shops and Restaurants, including Target, Trader Joe s, BevMo, and many other wonderful and unique places. The Potential to build and generate a yearly Gross income of over $700,000,00. makes this an opportunity not to be overlooked. Any developer is sure to be in an environment that is both inviting and sustaining, when the project is completed. Hurry! This fantastic project opportunity, will not last long!

4 THIS IS WHATS GOING ON IN THE NEIGHBORHOOD HOLLYWOOD SUBJECT PROPERTY LA BREA AVENUE WEST HOLLYWOOD SANTA MONICA BOULEVARD RECENT PROPERTIES UNDER CONSTRUCTION 1125 N McCadden Place 6901 Santa Monica Blvd 900 La Brea/7077 Willoughbly 900 Sycamore/700 Romaine 6677 Santa Monica Blvd Corner Las Palmas 1138 N Orange Drive Rodeo Realty, Inc. does not guarantee the accuracy of square footage, lot size or other information concerning the property provided by the seller or obtained from public records or other sources. IGAL BAKSHANDEH REALTOR SAN VICENTE BLVD, #100 IGAL@RODEORE.COM

5 A++ Location 2 Side By Side R3 Zone Lots Build up to 24 Units (3 Units Low Income) Delivered Vacant 93 Walk Score One Block To the heart of West Hollywood, 5 Minute drive to Kodak Theater High Rental District The Only Two Side by Side Lots availabloe in the neighborhood SHOPS - ENTERTAINMENT - RESTAURANTS,...

6 POSSIBLE VALUE OF FUTURE COMPLETED PROJECT OR Build up to 15 Units by right. Build up to 24 Units with 3 units dedicated to lower income. Future Monthly Income On 15 Units 15 Units x $3,950 = $59,250 Monthly Income $59,250 x 12 mo = $711,000 Gross Annual Rent Annual Expenses: Tax $168,000 Trash $6,000 Cable $4,000 Elevator $7,000 DWP $6,000 Ins. $10,000 Vacancy $21,330 ( 3% ) Total $222,330 Net Operating Income $711,000 - $222,330 = $488, , cap $14,000,000