LIQUIDATION SALE - $1,350,000 5963-5965 W. LEXINGTON AVE. HOLLYWOOD, CA 90038 BUILD UP TO 8 UNITS BY RIGHT 1 - BRC ADVISORS & HUDSON PARTNERS, INC.
This Memorandum ( Offering Memorandum ) has been prepared by Hudson 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 Hudson 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 Hudson 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. Hudson 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 Hudson Partners are pleased to present for sale an R3-1 zoned lot on the corner of Lexington and Gordon Street. This site will allow 8 units by right with a 45 foot height limit and a 3:1 FAR. This does not included the addition 35% density bonus currently available in an affordable component is incorporated into the project. PROPERTY HIGHLIGHTS Transit Priority Area 35% Denisty SB1818 - up to 11 Units 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 - BRC ADVISORS & HUDSON PARTNERS, INC.
PROPERTY INFORMATION site description DESCRIPTION SPECIFICATION PRICE $1,350,000 IMPROVEMENT 2,796 SF LOT SIZE 6,503 SF PRICE PER FOOT ON LAND $208 FAR 3:1 FAR ALLOWED UNITS 8 Units By Right PRICE/UNIT $168,750/Unit PRICE/UNIT w/bonus $122,727/Unit TOPOGRAPHY Flat APN 5534-011-013 ZONING R3-1 PLANNING & ZONING INFO Adaptive Reuse Incentive Area COUNCIL DISTRICT CD13 - Mitch O Farrell HEIGHT LIMIT 45 Feet Limit CURRENT UNIT MIX (4) 1 BED + 1BATH YEAR BUILT 1920 STREET FRONTAGE 130 on Lexington Ave. 50 on Gordon HIGHWAY ACCESS 101 Freeway 4 - BRC ADVISORS & HUDSON PARTNERS, INC.
HOLLYWOOD/VINE METRO STATION - 0.7 Miles Away SECTION 2 PROPERTY INFORMATION
6 - BRC ADVISORS & HUDSON PARTNERS, INC. PLAT MAP
AERIAL MAP 50 130 7 - BRC ADVISORS & HUDSON PARTNERS, INC.
PARAMOUNT STUDIOS - 0.5 Miles Away 8 - BRC ADVISORS & HUDSON PARTNERS, INC.
SUNSET GOWER STUDIOS - 0.5 Miles Away 9 - BRC ADVISORS & HUDSON PARTNERS, INC.
SUNSET BRONSON STUDIOS - 0.6 Miles Away 10 - BRC ADVISORS & HUDSON PARTNERS, INC.
JAY MARTINEZ Managing Principal STUDIO CITY OFFICE 11846 Ventura Blvd., Suite 140 Studio City, CA 91604 BEVERLY HILLS OFFICE 9301 Wilshire Blvd., Suite 206 Beverly Hills, CA 90210 Cal BRE: 01367663 CONTACT CELL PHONE 818.212.3057 PHONE 818.699.1603 FAX 818.688.8140 EMAIL jay@hudsonpartnersinc.com WEBSITE www.hudsonpartnersinc.com ELIZABETH CLARK Senior 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 320.421.4184 EMAIL eclark@brcadvisors.com 11 - BROOKFIELD PARTNERS, INC. WEBSITE www.brcadvisors.com