OFFERING MEMORANDUM - $1,800,000 1200-1202 N. GORDON ST. 5963-5965 W. LEXINGTON AVE. HOLLYWOOD, CA 90038 8-UNITS READY TO ISSUE PERMITS RTI READY DEVELOPMENT PROJECT 1 - BROOKFIELD PARTNERS, INC.
This Memorandum ( Offering Memorandum ) has been prepared by Brookfield Partners, Inc. and BRC Advisors, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice. This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Brookfield Partners, Inc. and BRC Advisors, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. SECTION 1 EXECUTIVE OVERVIEW This Memorandum is being delivered by Brookfield Partners Inc. and BRC Advisors, Inc., to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Brookfield Partners, Inc. and BRC Advisors, Inc., reserves the right to request the return of any or all of the information enclosed.
PROPERTY DESCRIPTION BRC Advisors and Brookfield Partners are pleased to present for sale 1200-1202 N. Gordon Street, a 8 unit development site in the heart of Hollywood. The property will be delivered fully entitled and ready to issue permits for 8 units. The development has been designed to condo spec. 1200-1202 N. Gordon Street consists of a 6,503 square feet lot zoned R3-1, and is in the Hollywood Community Plan Area. The project will have convenient proximity to Hollywood/Vine Metro Station, 101 Hollywood Freeway, Sunset Gower, Sunset Bronson Studios, and Paramount Studios. PROPERTY HIGHLIGHTS Fully entitled ready to issue permits for 8-units Designed to condo spec Next to Sunset Gower/Sunset Bronson Studio.7 miles away from 101 Hollywood Freeway.5 miles away from Paramount Studios.7 miles away from Hollywood/Vine Metro Station Dense Infilll Location - Over 1 Million people within a 5 mile radius Walking distance to Hollywood Blvd, Palladium 3 - BROOKFIELD PARTNERS, INC.
PROPERTY INFORMATION site description site description DESCRIPTION SPECIFICATION DESCRIPTION SPECIFICATION PRICE $1,800,000 LAND ACRE 0.15 AC LOT SIZE 6,503 SF PRICE PER FOOT ON LAND $276.80 BUILDABLE SF 11,517 SF PRICE PER BUILDABLE SF $156.29 NUMBER OF UNITS 8 PRICE PER UNIT $225,000 APN 5534-011-013 ZONING LAR3-1 ZONING INFORMATION ZI-2277, ZI-1352, ZI-2374 PLANNING & ZONING INFO Adaptive Reuse Incentive Area COUNCIL DISTRICT CD13 - Mitch O Farrell CURRENT USE Fourplex USE CODE Medium Residential YEAR BUILT TBD LOT DIMENSIONS 50 x 130 STREET FRONTAGE 130 on Lexington Ave. HIGHWAY ACCESS 101 Freeway LOT SIZE UNIT 101 UNIT 102 UNIT 201 UNIT 301 UNIT 401 UNIT 202 UNIT 302 UNIT 402 CORRIDOR LOBBY TOTAL STRUCTURE ABOVE GRADE LOWER LEVEL GARAGE UPPER LEVEL GARAGE 6,507 SF 2 Bedroom/1 Den + 2 Bath =1,254.00 SQ FT 2 Bedroom/1 Den + 2 Bath =1,356.00 SQ FT =1,365.00 SQ FT =1,365.00 SQ FT =1,365.00 SQ FT =1,418.00 SQ FT =1,418.00 SQFT =1,418.00 SQ FT 17 X 4 = 468.00 SQ FT =90.00 SQ FT =11,517.00 SQ FT =4,714.00 SQ FT =3,104.00 SQ FT 4 - BROOKFIELD PARTNERS, INC.
HOLLYWOOD/VINE METRO STATION - 0.7 Miles Away SECTION 2 PROPERTY INFORMATION
6 - BROOKFIELD PARTNERS, INC. PLAT MAP
AERIAL MAP 7 - BROOKFIELD PARTNERS, INC.
PARAMOUNT STUDIOS - 0.5 Miles Away 8 - BROOKFIELD PARTNERS, INC.
SUNSET GOWER STUDIOS - 0.5 Miles Away 9 - BROOKFIELD PARTNERS, INC.
SUNSET BRONSON STUDIOS - 0.6 Miles Away 10 - BROOKFIELD PARTNERS, INC.
JAY MARTINEZ Managing Principal 18801 Ventura Blvd., Suite 310 Tarzana, CA 91356 Cal BRE: 01367663 CONTACT CELL PHONE 818.212.3057 PHONE 818.201.3605 FAX 818.688.8140 EMAIL jay@brookfield-partners.com WEBSITE www.brookfield-partners.com ELIZABETH CLARK Vice President 9301 Wilshire Blvd., Suite 206 Beverly Hills, CA 90210 Cal BRE: 01811246 CONTACT CELL PHONE 310.740.7283 PHONE 310.525.3702 FAX 310.807.9389 EMAIL eclark@brcadvisors.com 11 - BROOKFIELD PARTNERS, INC. WEBSITE www.brcadvisors.com