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MALIBU PACIFIC OCEAN CENTURY CITY SANTA MONICA FOX STUDIOS YEN SUSHI BEVERLY HILLS MR. C BEVERLY HILLS CALIFORNIA FISH GRILL HILLCREST COUNTRY CLUB MURRAY'S MALANEE THAI CUISINE PICO GLATT MART RALPH'S CVS NAGILA FACTOR'S FAMOUS DELI SHANGHI RESTAURANT CHICK N CHOW SUSHIKO PAT'S THE MILKY WAY A1 ASIAN FUSION SHILOH'S KOSHER PIZZA STATION WEST SIDE 58 SCHNITZLY HOLY GRILL S ROBERTSON BLVD WELLS FARGO A FOOD AFFAIR TRATTORIA BELLA ROMA S ROBERTSON BLVD WALGREENS S WOOSTER ST ELAT MARKET MINORI 1500-1510 W PICO BLVD S. WOOSTER GLATT MART FOUNDERS ALE HOUSE CASHIO ST LOS ANGELES, CA LEIDER'S LE PALIS PASTRY HAIFA SHALOM PIZZA FRENCH FLORIST TRATTORIA TOC TIER 2 DEVELOPMENT SITE PRICE: $5,300,000 ±31 RESIDENTIAL UNITS www.1500Wooster.com DESIRABLE WEST LOS ANGELES LOCATION HOLLYWOOD WEST HOLLYWOOD MID-WILSHIRE BEVERLY HILLS LA CIENEGA BLVD FU’S PALACE S ROBERTSON BLVD CASHIO ST W PICO BLVD ELAT MARKET 1500-1510 S. WOOSTER LOS ANGELES, CA S WOOSTER ST 2 1500-1510 S. WOOSTER PACIFIC OCEAN KENNETH HAHN STATE MARINA DEL REY RECREATION AREA LAX VENICE SILICON BEACH CULVER CITY S ROBERTSON BLVD BLVD 1500-1510 S. WOOSTER LOS ANGELES, CA LA CIENEGA S WOOSTER ST CASHIO ST ELAT MARKET W PICO BLVD 3 1500-1510 S. WOOSTER DOWNTOWN LOS ANGELES KOREATOWN LA CIENEGA BLVD W PICO BLVD 1500-1510 CASHIO ST S. WOOSTER LOS ANGELES, CA S SHENANDOAH ST S WOOSTER ST CASHIO ST 4 1500-1510 S. WOOSTER 1500-1510 S. WOOSTER LOS ANGELES, CA 5 1500-1510 S. WOOSTER TABLE OF CONTENTS I. Executive Summary Page 8 1500-1510 II. Comparables S. WOOSTER Page 11 LOS ANGELES, CA III. Area Overview Page 17 Contacts LAURIE LUSTIG-BOWER Executive Vice President Lic. 00979360 +1 310 550 2556 [email protected] KADIE PRESLEY WILSON First Vice President Lic. 01476551 +1 310 550 2575 [email protected] www.1500Wooster.com 6 1500-1510 S. WOOSTER © 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L04 MapId:7795676 I. EX ECUTIVE SUMMARY 7 1500-1510 S. WOOSTER EXECUTIVE SUMMARY The Offering Investment Highlights CBRE, Inc., as exclusive agent, is pleased to present for sale a TOC Tier 2 residential development • Excellent Pico-Robertson Location opportunity located one block east of Robertson Boulevard and one block south of Pico • TOC Tier 2 – allows for an increased FAR of 4.35:1 Boulevard. 1500-1510 S. Wooster Street is a ±14,733 square foot corner lot suitable for the • Corner Lot development of ±31 residential units. The TOC status allows for an increased FAR of up to 4.35:1. • “Walker’s Paradise” WalkScore® 96 out of 100 Rated a 96 out of 100 on WalkScore®, the West Los Angeles property is walking distance to an • Development supported by strong multifamily demand drivers abundance of shops and restaurants in the Pico-Robertson submarket. Current improvements • Abundance of local restaurant and retail amenities including: include six apartment units in two structures. One unit is currently vacant. The seller will deliver – Elat Market – Joann Fabrics three additional units vacant by the close of escrow for a total of four vacant units by the close – Walgreens – Natalee Thai Restaurant of escrow. The remaining two occupied units pay a combined annual rent of ±$78,927. – Schwartz’s Bakery – Versailles Cuban Restaurant – Factor’s Famous Deli 1500-1510 S. Wooster Street’s outstanding central location in Los Angeles is minutes to key • In proximity to key employment centers: employment centers including Beverly Hills, Culver City, Century City, West Hollywood, Mid- – Beverly Hills Wilshire and West Los Angeles. – Culver City – Mid-Wilshire – Century City – West Hollywood Price: $5,300,000 • Excellent Sale Comparable For more information please visit: www.1500Wooster.com – A ±13,000 sf development site, zoned LA-R3, located at 1442- 1446 Bedford St., Los Angeles, CA 90035 sold for $5,200,000 (±$400 per land sf). 8 1500-1510 S. WOOSTER Existing Buildings PROPERTY FACTS Parcel Map 1500-1510 S. Wooster St PROPERTY ADDRESS Los Angeles, CA 90035 4303-002-024 (1500 Wooster) APN 4303-002-025 (1508 Wooster) ±14,733 SF SITE AREA ±0.34 Acres FLOOR AREA RATIO 4.35:1 119.8 (Wooster St.) FRONTAGE 130.69 (Cashio St.) ZONING [Q] R3-1-O TOC STATUS Tier 2 ENTITLED No NEIGHBORHOOD COUNCIL South Robertson CITY COUNCIL DISTRICT CD 5 – Paul Koretz 9 1500-1510 S. WOOSTER Existing Buildings 10 1500-1510 S. WOOSTER EXISTING BUILDINGS RENT ROLL 1500 S. Wooster St Los Angeles CA 90035 UNIT UNIT TYPE TERM RENT NOTES 1 2 + 1 - - Delivered Vacant at COE 2 2 + 1 - - Delivered Vacant at COE 3 2 + 1 - - Delivered Vacant at COE 4 2 + 1 - - Delivered Vacant at COE Total - - 1508- 1510 S. Wooster St Los Angeles CA 90035 UNIT UNIT TYPE TERM RENT NOTES 1 3+ 2 MTM $3,414 Occupied 2 3+ 3 MTM $3,425 Occupied Total $6,840 11 1500-1510 S. WOOSTER II. C OMPARABLES 12 1500-1510 S. WOOSTER Rent Survey Map RENT SURVEY MAP 1500-1510 S. Wooster St. 1 9323 W. Olympic Blvd. 2 131 N. Gale Dr. 3 1333 S. Orange Grove Ave. 4 450 S. Maple Dr. 2 5 1415 Reeves St. 6 1237 S. Holt Ave. 7 909 Le Doux Rd. 8 1016 S. Alfred St. 9 1115 S. Cardiff Ave. 7 1 8 4 9 1500-1510 S. WOOSTER LOS ANGELES, CA 5 6 3 13 1500-1510 S. WOOSTER© 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L04 MapId:7826750 APARTMENT RENT COMPARABLES ADDRESS UNIT ASKING SF AMENITIES CONCESSION - IF SPECIFIED TYPE RENT 1 9323 W. Olympic Boulevard 1 + 1 $3,500 - Remodeled Unit; Hardwood Floors, Marble and Quartz Counters; Washer & Dryer; Chrome Appliances; Private Front Yard; One Parking Space 2 131 N. Gale Drive 1 + 1 $3,200 - Remodeled Condominium; Quartz Countertops; Bertazzoni Stainless Appliances; Washer & Dryer No Security Deposit 3 1333 S. Orange Grove Avenue 2 + 2 $5,995 1,489 SF New Construction; Hardwood Floors; Washer & Dryer; Balcony; Six Weeks Free on 13-Month Lease. No Nest Thermostat; Outdoor Pool; Jacuzzi; Three Rooftop Decks Security Deposit 4 450 S. Maple Drive 2 + 2.5 $4,995 - Condominium Unit; Hardwood Floors; Stainless Steel Appliances; Washer & Dryer; Two Side-by-Side Parking Spaces in Garage; No Security Deposit Outdoor Pool; Sauna; Recreation Room 5 1415 Reeves Street 2 + 2 $4,795 1,293 SF New Construction; Hardwood Floors; Viking Stainless Steel One Month Free on 13-Month Lease. No 3 + 2 $7,195 2,016 SF Appliances; Washer & Dryer; Outdoor Pool; Fire Pit; Fitness Center Security Deposit 6 1237 S. Holt Avenue 2 + 2 PH $4,395 1,299 SF New Construction; Stainless Steel Appliances; Hardwood Floors; 3 + 2 $5,446 1,680 SF Washer & Dryer; Walk-In Closets; Large Balcony; Tandem Parking (two spaces) in Subterranean Garage 7 909 Le Doux Road 3 + 2.5 $5,300 1,450 SF New Construction 1016 S. Alfred Street 3 + 2 $5,100 - Remodeled Duplex Unit; Central Heat & Air; Hardwood Floors; 8 No Security Deposit Washer & Dryer; Backyard Area; Private Two-Car Garage 9 1115 S. Cardiff Avenue 3 + 3 $4,950 - Top Floor Unit No Security Deposit Source: RadPad 1 2 3 4 5 14 1500-1510 S. WOOSTER 6 7 8 9 LAND SALE COMPARABLES Criteria: Sites located in LA County, $355/SF +, 10K SF +, mixed-use or multifamily intended uses, sold 02.01.2018 to 01.20.2021 Source: CoStar; Sorted by Price Per Square Foot ADDRESS CITY ZIP PRICE SF ACRES PRICE/SF PRICE/ACRES ZONING SALE DATE 9200 Wilshire Blvd Beverly Hills 90212-3329 $130,000,000 40,737 0.94 $3,191 $139,008,764 C3, Beverly Hills 05/08/19 9900 Wilshire Blvd Beverly Hills 90210-3116 $445,000,000 332,028 7.62 $1,340 $58,381,221 C3 11/19/18 888 Devon Ave Los Angeles 90024-2578 $16,236,000 14,375 0.33 $1,129
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  • No. Location 1 6161 W. Centinela Boulevard 2 12712-12718

    No. Location 1 6161 W. Centinela Boulevard 2 12712-12718

    No. Location 1 6161 W. Centinela Boulevard 2 12712-12718 Washington Boulevard 3 6002 Centinela Avenue 4 6201 Bristol Parkway 5 888, 892 and 898 N. Sepulveda Boulevard 6 2100 El Segundo Boulevard 7 199 Continental Boulevard 8 2265 E. El Segundo Boulevard 9 400 Duley Road 10 2275 Mariposa Avenue 11 201 N. Douglas 12 2125 Campus Drive 13 535 Indiana Street 14 1700 E. Imperial Avenue 15 710 N. Nash Street 16 1950 E. Grand Avenue 17 445 N Douglas Street 18 2350 E El Segundo Boulevard 19 101 Continental Boulevard 20 444 N. Nash Street 21 SE Aviation Boulevard 22 425-429 Indiana Street 23 NE Sepulveda Boulevard 24 455 Continental Boulevard and 1955 E. Grand Avenue 25 1960 E. Grand Avenue 26 525 N. Sepulveda Boulevard 27 900, 950 Sepulveda Boulevard & 960, 901 - 915 Selby Street 28 600-630 N. Sepulveda Boulevard 29 2130 E. Maple Avenue 30 555 N. Nash Street 31 14321 Van Ness Ave. 32 1720 West 135th Street 33 13919 Normandie Ave. 34 SE corner of Aviation Boulevard and El Segundo Boulevard 35 4500 West 116th Street 36 13806 Hawthorne Boulevard 37 SE corner of Crenshaw Boulevard and Jack Northop Avenue 38 14000 Yukon Avenue 39 4427 El Segundo Blvd. 40 11519 Acacia Ave. 41 664 E. Manchester Terrace 42 844 N. Centinela Avenue 43 501 E. 99th Street 44 921 N. Edgewood Street 45 222 W Spruce Avenue 46 961 E 68th Street 47 417 N Market Street 48 819 E la Palma Drive 49 814 N Market Street 50 411 E Hazel Street 51 329 E.