LOS ANGELES CA 90068 BEAUTIFUL SPANISH STYLE 5 UNITS IN HOLLYWOOD HILLS www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 OFFERING MEMORANDUM
MARKETING PACKAGE OVERVIEW Our mission PRESENTED BY Kenny Stevens Managing Partner / Senior Vice President BRE# 01090251 310.551.0660 Ext. 141 direct kstevens@concord-re.com LOCATION Location Overview Market Aerial New Developments PROPERTY SUMMARY Property Highlights Property Details Property Location Aerial Photo Parcel Orientation Photography FINANCIALS Financial Overview Rent Roll COMPARABLES Sales Comps Rent Comps www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
ABOUT US Our world has changed and so has the business of real estate. It s not enough to work with a typical real estate company. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfolio together under one roof, combining corporatecapabilities with a family feel. Concord is the evolution of real estate. We re changing the game and moving above and beyond what you ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so you don t have to. From acquisition to management to construction to the disposition, Concord is elevating your experience every step of the way. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
OUR MISSION OUR CLIENTS ENTRUST US WITH SO MANY ASPECTS OF THEIR REAL ESTATE LIFE. OUR MISSION IS TO DUTIFULLY GUIDE THEM, CREATE VALUE AND ACT IN HARMONY WITH THEIR BEST INTEREST. WE PARTNER WITH YOU EVERY STEP OF THE WAY TO ELEVATE YOUR REAL ESTATE EXPERIENCE a different kind of real estate partner.
LOCATION LOS ANGELES CA 90068 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
LOCATION LOCATION OVERVIEW HOLLYWOOD HILLS The Hollywood Hills are the area young money and celebrity are drawn to more than any other neighborhood in Los Angeles. The proximity to the best shopping, dining, and nightlife on the Westside of Los Angeles combined with breathtaking views and a sense of privacy explain the draw for young Hollywood and celebrities from industries such as music and sports. Neighborhoods in Hollywood Hills West include the Bird Streets, Doheny Estates, Sunset Plaza, Outpost Estates, Whitley Heights, Laurel Canyon, Nichols Canyon, Mt. Olympus, and Hollywood Heights. Neighborhoods within Hollywood Hills East include Beachwood Canyon, Lake Hollywood, Lake Hollywood Estates, Hollywoodland, Hollywood Dell, Franklin Village, Hollywood Knolls, and Hollywood Manor.
LOCATION LOCATION OVERVIEW - The heart of Hollywood is 2.2 miles to the south, Studio City is 2.5 miles north west, Universal Studios and Universal City Walk are less than a mile away, and 1.9 Miles from Warner Bros Studio in Burbank. Some of the best hiking and biking trails, public golf, and picnic areas in Los Angeles are 3.5 miles east of the property in Griffith Park. The property is 1.5 miles away from the famous Runyon Canyon Park. The Hollywood Bowl, one of the most prominent concert venues in the city, is 1.6 miles south. Trendy Franklin Village, just 2.5 miles to the southeast, is lined with street-side cafes, coffee shops, bars, and retail stores. The famous Hollywood Forever Cemetery, home to outdoor film screenings, is just 4.5 miles south. The property s location near The 101 Hollywood Freeway allows for quick and easy access to numerous parts of Greater Los Angeles. Additionally, 3055 Hollycrest Drive is located just minutes from Universal City Metro station, connecting Hollywood with Downtown/Chinatown to the southeast and Hollywood, Universal City and North Hollywood to the northwest.
LOCATION MARKET AERIAL Studio City Hollywood Sign 3055 Hollycrest Dr 101 Hollywood Bowl Beachwood Canyon Griffith Observatory
PROPERTY SUMMARY LOS ANGELES CA 90068 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY SUMMARY PROPERTY HIGHLIGHTS BEAUTIFUL SPANISH STYLE 5 UNITS IN HOLLYWOOD HILLS * Conveniently located in the hills between Hollywood & Studio City. * Close to major Studios in Universal City, Burbank &Hollywood * Surrounded by multi-million dollar single family homes * Roof, plumbing and electrical have all been upgraded in the last 7 years * (1) 2+1 with private patio, (2) large 1+1 and (2) large studios * The 2-bed and large 1-bed units have full-size washer/dryer and front+rear entry * Hardwood floors, arched doorways, unique built-ins * 4 garages create additional income potential * Abundant street parking in addition to the 4 garages * Beautifully landscaped and maintained
PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DETAILS Units (1) 2+1 with private patio, (2) large 1+1, (2) Studio Major Intersection Hollycrest Dr & Cahuenga Blvd Market Hollywood Hills APN 5579-039-009 Zoning Type LARD1.5 Building Size 3,151 square feet
PROPERTY SUMMARY PROPERTY AERIAL 3055-3057 Hollycrest Dr
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FINANCIALS LOS ANGELES CA 90068 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
FINANCIALS FINANCIAL OVERVIEW
FINANCIALS RENT ROLL
COMPARABLES LOS ANGELES CA 90068 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
COMPARABLES SALES COMPS 3055 Hollycrest Dr Sales Comps 2419 Cheremoya Ave 6100-6110 Glen Adler St 1954 Hillcrest Rd 3325 Primera Ave 3469-3657 Regal Pl
COMPARABLES SALES COMPS 1 3055-3057 Hollycrest Dr, UNITS UNIT TYPE 1 2 Bed/1 Bath 2 1 Bed/1 Bath 2 Studio Listed for $1,600,000 # of Units 5 Building SF 3,151 Price/SF $508 Price/Unit $320,000 Cap Rate 3.69% GRM 16.27 Year Built 6100-6110 Glen Adler St, UNITS UNIT TYPE Sale Price $2,460,000 COE 3/21/17 # of Units 6 Building SF 4,613 Price/SF $533.28 Price/Unit $410,000 Year Built 1949 2419 Cheremoya Ave, 1954 Hillcrest Rd, Sale Price $2,295,000 COE 4/7/17 # of Units 7 Building SF 5,193 Price/SF $441.94 Price/Unit $327,857 Year Built 1962 Sale Price $4,700,000 COE 11/30/16 # of Units 11 Building SF 9,067 Price/SF $518.36 Price/Unit $427,273 Year Built 1938 5 2 Bed/1 Bath 1 1 Bed/1 Bath 1 1 Bed/1 Bath 3325 Primera Ave, 3469-3657 Regal Pl, UNITS UNIT TYPE 6 2 Bed/1 Bath 2 1 Bed/1 Bath Sale Price $2,700,000 COE 2/15/17 # of Units 8 Building SF 7,311 Price/SF $369.31 Price/Unit $337,500 Year Built 1958 UNITS UNIT TYPE 3 2 Bed/1.5 Bath 3 2 Bed/1 Bath 1 1 Bed/1 Bath UNITS UNIT TYPE UNITS UNIT TYPE 1 3 Bed/1.5 Bath 1 2 Bed/1.5 Bath 1 2 Bed/1 Bath 2 1 Bed/1 Bath Sale Price $2,200,000 COE 2/17/17 # of Units 5 Building SF 5,456 Price/SF $403.23 Price/Unit $440,000 Year Built 1938
COMPARABLES SALES COMPS 3055 Hollycrest Dr Sales Comps 3339 Primera Ave 2069 Paramount Dr 1743 Courtney Ave
COMPARABLES SALES COMPS 1 3055-3057 Hollycrest Dr, UNITS UNIT TYPE 1 2 Bed/1 Bath 2 1 Bed/1 Bath 2 Studio Listed for $1,600,000 # of Units 5 Building SF 3,151 Price/SF $508 Price/Unit $320,000 Cap Rate 3.69% GRM 16.27 Year Built 2069 Paramount Dr, UNITS UNIT TYPE 2 3 Bed/3 Bath 1 1 Bed/1 Bath Sale Price $1,840,000 COE 11/30/16 # of Units 3 Building SF 2,849 Price/SF $645.84 Price/Unit $613,333 Year Built 1955 3339 Primera Ave, UNITS UNIT TYPE 1 3 Bed/2 Bath 3 1 Bed/1 Bath Sale Price $1,744,050 COE 10/25/16 # of Units 4 Building SF 3,561 Price/SF $489.76 Price/Unit $436,013 Year Built 1956 1743 Courtney Ave, Los Angeles, CA 90046 UNITS UNIT TYPE 1 3 Bed/2.5 Bath 1 2 Bed/1 Bath 1 1 Bed/1 Bath Sale Price $1,761,175 COE 10/20/16 # of Units 3 Building SF 94,280 Price/SF $411.49 Price/Unit $587,058 Year Built 1926
COMPARABLES RENT COMPS 3055 Hollycrest Dr Rent Comps 6728 Hillpark Dr 29 Navy St 3143 Hollycrest Dr 40 Clubhouse Ave 3389 Bennett Dr # 22 1403 Innes Place 8
COMPARABLES RENT COMPS 3055-3057 Hollycrest Dr, RENT $2,895 UNIT TYPE 2 + 1 RENT $1,333 - $1,688 UNIT TYPE 1 + 1 6728 Hillpark Drive, RENT $2,999 UNIT TYPE 2+1 UNIT SIZE 963 SF 3143 Hollycrest Drive #2, RENT $2,225 UNIT TYPE 1 + 1 UNIT SIZE 750 SF 3389 Bennett Drive #22, RENT $3,395 UNIT TYPE 2 + 2 UNIT SIZE 1,500 SF
KENNY STEVENS BRE# 01090251 D: 310-551-0660 Ext. 141 kstevens@concord-re.com www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 OFFERING MEMORANDUM