SOUTH OLIVE BUILDING 1410 S OLIVE ST LOS ANGELES, CA Jay No, BRE#02052695 Advisor 714.446.0600 jno@svn.com CalDRE #02052695 Anthony Ying, BRE# 02052345 Advisor 714.558.0305 tying@svn.com CalDRE #02052345 SVN VANGUARD 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 OFFERING MEMORANDUM
Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 2
1 PROPERTY INFORMATION 1410 S Olive St SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 3
Property Summary OFFERING SUMMARY Sale Price: Subject to Offer Lot Size: 13,790 SF Year Built: 1992 Building Size: 10,519 SF PROPERTY OVERVIEW SVN/Vanguard is pleased to present this rare opportunity in the up-and-coming South Park District of Downtown Los Angeles. The building offers 10,519 SF flex/industrial space and 16 on-site parking spots. The South Olive Building lies just a few minutes away from the Garment and Financial Districts in LA and other notable locations include being less than 0.5 mile to the LA Live and Staples Convention Centers. Nearby redevelopment sites will bring an additional 394 residential units to this specific part of the district. The building has great potential to be a brewery, doggy daycare, or distribution warehouse with on-site offices to name a few ideas. However, the current zoning usage (C2-D2-O) is very flexible and those interested in the property should inquire within for more detail Zoning: Market: Price / SF: C2-2D-O (Commercial Zone) SouthPark District : Los Angeles Subject to Offer PROPERTY HIGHLIGHTS 10,519 SF Industrial building C2-2D-O (Commercial Zoning) 16 on-site parking spaces 400 amp/120-240v, 3-phase electrical service SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 4
Property Description SITE DESCRIPTION The building is a partial two-story single-tenant industrial building, built in 1992. Based on appraiser measurements, this building consists of 10,519 square feet of gross building area (1st floor: 7,352 SF/ 2nd floor: 3,166 SF) including a 4,379 SF office area. This building has an approximately 3,050 SF unfinished mezzanine area to provide additional storage space, which is not included in the gross building area. The building is of concrete block construction with a flat roll composition roof system, cover with stones in the outside of the building. The floors are bare concrete slab. The east portion of the building is utilized as a warehouse area. The truss height of the area is approximately 18'. The interior finishes include a concrete floor and an exposed wood ceiling. The building features two drive-ins (21' w x 15' h). There are fluorescent lights in the warehouse area and skylights that provide additional natural light. The building is not fire sprinklered anywhere. The mezzanine space of the warehouse is easily accessed via an open sided stairwell. On the west side of the 1st floor of the building is an office area with two showrooms, 6 offices and 2 bathrooms. The entire 2nd floor is an office area with 9 rooms for offices, 2 bathrooms and a lobby. The office area has an acoustic drop ceiling with fluorescent lighting. There are two stairwells on the 2nd floor located on the west and south sides of the building. The floors are covered with carpet, hardwood and ceramic tile over concrete. SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 5
Zoning Information ZONING Zoning C2-2D-O (Commercial Zone) allows any uses permitted in the CR, C 1, and C 1.5 zones, including most commercial uses such as general retail, professional/business offices, motel/hotels/ restaurants, automotive fueling and service stations amusement enterprises, signs, parking buildings, religious uses, schools, residential dwellings and other similar uses. SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 6
Site Plan SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 7
2 ADDITIONAL INFORMATION 1410 S Olive St SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 8
Location Maps SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 9
Emerald : Jade Enterprises MVE + Partners unveils new renderings for Emerald, 154 unit apartment complex Located at 1340 S. Olive Street, the project represents the expansion of the residential boom hitting LA's : SouthPark SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 10
14th & Hill : Humphreys & Partners Humphreys & Partners Architects unveil new renderings for the seven-story 254 unit rental apartment complex The project site is named for its location at the intersection of 14th & Hill SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 11
Area Projections SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 12
3 SALE COMPARABLES 1410 S Olive St SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 13
Sale Comps Subject Property 1410 S Olive St, Sale Price: Subject To Offer Lot Size: 13,790 SF Year Built: 1992 Building SF: 10,519 SF Sale of property on 1410 S. Olive St, Los Angeles 1 1340 South Olive Street Sale Price: $10,500,000 Building SF: 12,000 SF 1 Price PSF: $875.00 2 1359 South Hope Street Sale Price: Year Built: $3,100,000 1927 Lot Size: Building SF: 9,291 SF 6,900 SF Price PSF: $449.28 Closed: 10/14/2014 2 3 1317 South Hope Street Sale Price: $4,900,000 Lot Size: 6,948 SF Building SF: 7,450 SF Price PSF: $657.72 Closed: 09/01/2016 3 SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 14
Sale Comps 4 1221 South Hope Street Sale Price: Year Built: $6,800,000 1917 Lot Size: Building SF: 7,736 SF 7,705 SF Price PSF: $882.54 Closed: 10/01/2017 4 5 1228 South Flower Street Sale Price: Year Built: $4,100,000 1915 Lot Size: Building SF: 7,482 SF 7,473 SF Price PSF: $548.64 Closed: 08/01/2017 5 6 1144 South Hope Stret Sale Price: Year Built: $4,400,000 1908 Lot Size: Building SF: 7,725 SF 7,800 SF Price PSF: $564.10 Closed: 03/01/2018 6 SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 15
Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS South Olive Building 1410 S Olive St Subject To Offer 10,519 SF - - - SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE 1 1340 South Olive Street $10,500,000 12000 SF $875.00 - - - 2 1359 South Hope Street $3,100,000 6900 SF $449.28 - - 10/14/2014 3 1317 South Hope Street $4,900,000 7450 SF $657.72 - - 09/01/2016 4 1221 South Hope Street $6,800,000 7705 SF $882.54 - - 10/01/2017 5 1228 South Flower Street $4,100,000 7473 SF $548.64 - - 08/01/2017 6 1144 South Hope Stret $4,400,000 7800 SF $564.10 - - 03/01/2018 PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Totals/Averages $5,633,333 8,221 SF $685.24 - - SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 16
Sale Comps Map SUBJECT PROPERTY 1410 S Olive St, 1 1340 SOUTH OLIVE STREET 2 1359 SOUTH HOPE STREET 3 1317 SOUTH HOPE STREET 4 1221 SOUTH HOPE STREET 5 1228 SOUTH FLOWER STREET 6 1144 SOUTH HOPE STRET SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 17
4 ADVISOR BIOS 1410 S Olive St SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 18
All Advisors Bios Jay No Advisor SVN Vanguard Phone: 714.446.0600 Cell: 213.923.0977 Email: jno@svn.com 120 W. 5th Street, Suite 210 Santa Ana, CA 92701 Anthony Ying Advisor SVN Vanguard Born and raised in Huntington Beach. Graduated from Marina High School in 1987 then attended University of California at Santa Barbara. Graduated in 1991 with a BA in Business/Economics. Currently resides in Huntington Beach and is an advisor for SVN Vanguard Commercial Real Estate. His primary focus is in sales of multifamily, office and retail commercial properties. He also specializes in leasing of retail spaces and has accounts with several of the nations largest property owners. Aside from his professional accomplishments he is also a certified PADI Divemaster, skydiver (participant in a record holding 300 person skydiving formation), surfer, extreme skier and adrenaline seeker. Phone: 714.558.0305 Cell: 714.421.2258 Email: tying@svn.com 120 W. 5th Street, Suite 210 Santa Ana, CA 92701 Experience: 25 years of experience in the mortgage and real estate industry. Former regional V.P. of marketing for a national advertising company. Servicing manager handling all national accounts for a national mortgage company. Managed $100M+ portfolios to sell on the secondary market. Partner in a local residential mortgage company with sales in excess of $50M. SOUTH OLIVE BUILDING 1410 S OLIVE ST, LOS ANGELES, CA SVN Vanguard Page 19