N VERMONT OPPORTUNITY AVENUE ZONE 315 N Vermont Ave

Home , Beverly Boulevard, Hollywood Boulevard, Hollywood Freeway, N (Los Angeles Railway), Vermont Avenue

N VERMONT OPPORTUNITY AVENUE ZONE 315 N Vermont Ave. Los Angeles, CA 90004

BRANDON A RARE OPPORTUNITY TO ACQUIRE A 12,250 SF MICHAELS GROUP PARCEL OF LAND IN THE OPPORTUNITY ZONE AND A TIER 4 TOC IDEALLY LOCATED IN EAST HOLLYWOOD INVESTMENT ADVISORS

BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685

ANDREW LEFF Senior Associate Director, National Retail Group Tel: (818) 212-2815 Fax: (818) 212-2710 [email protected] License: CA #01865688

BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

16830 Ventura Blvd. Suite 100, Encino, CA 91436 www.marcusmillichap.com

2 2 PROPERTY OVERVIEW

COMPARABLES

AREA OVERVIEW

3 KOREATOWN

N VERMONT AVE

Vermont/Beverly

BEVERLY BLVD

N VERMONT AVE

4 The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market 315 North Vermont Avenue, ideally located one parcel north of the northwest corner of North Vermont Avenue and Beverly Boulevard.

315 North Vermont Avenue is an ideal redevelopment opportunity due to it’s central location and close proximity to some of LA’s most sought after neighborhoods, including Koreatown, Hollywood, Silver Lake, and Echo park. The property is immediately adjacent to the Metro’s Vermont/Beverly Station, and just 1 block south of the 101-Freeway. The immediate area is benefiting from rapid growth and gentrification, as evidenced by multiple new and upcoming developments nearby (ie – the redevelopment of 200 A rare opportunity to acquire a North Vermont, a 2.83 acre site caddy corner to the subject property with 12,250 SF parcel of land plans for 490 residential units and 9,280 square-feet of commercial space). in the opportunity zone and The property is situated on 12,420 square-feet of land zoned C2-1. Additionally, a Buyer can take advantage of the benefits of the Tier 4 TOC a Tier 4 TOC ideally incentives and the property is located within the Opportunity Zone. The located in East Hollywood property is currently vacant.

Please Note: There has been significant fire damage to the building. The building is not in a usable condition.

5 INVESTMENT HIGHLIGHTS SILVER LAKE

• Opportunity Zone • 12,420 square-foot of land zoned C2-1 • Tier 4 Transit Oriented Communities (TOC) • Directly adjacent to the Vermont/Beverly Metro Station • One block from the 101-Freeway • Immediate area is experiencing rapid growth and significant redevelopment • Excellent East Hollywood location BEVERLY BLVD 87 A walking score of 87 out of 100 63,807 Businesses in a 5-mile radius

35,925 Traffic volume counts of 35,925 on the intersection of N Vermont Ave and 1,213,913 Beverly Blvd Population within a N VERMONT AVE 5-mile radius

6 DTLA WILSHIRE CENTER

N VERMONT AVE

Vermont/Beverly

BEVERLY BLVD

7 LA BREA PROPERTY INFORMATION

315 N Vermont Avenue ADDRESS Los Angeles, CA 90004

PRICE $3,000,000 PRICE/SF (LAND) $242 PRICE/SF (BUILDING)* $192 BEVERLY BLVD BUILDING SF 15,634 LAND SF 12,420 ZONING C2-1 TOC Tier 4 APN NUMBER 5520-019-004 YEAR BUILT 1925 BEVERLY BLVD TYPE OF OWNERSHIP Fee Simple * Building has experienced significant fire damage and is not in a usable condition. Vermont/Beverly

SUMMARY OF TERMS Interest Offered: 100% fee simple interest in a 15,634 SF property located at 315 N Vermont Ave, Los Angeles, CA 90004.

Terms of the Sale: Property is being offered on a free and clear basis.

Property Tours: Prospective purchasers are encouraged to visit the site prior N VERMONT AVE to submitting offers. All property tours must be coordinated through the listing broker. 8 CENTURY CITY LA BREA PROPERTY DETAILS

PROPERTY DETAILS LOCATION 315 N Vermont Ave Los Angeles, CA 90004

BEVERLY BLVD SITE The subject property is located on the northwest corner of N Vermont Ave and Beverly Blvd.

OAKWOOD AVE SQUARE FOOTAGES The total building SF is 15,634 SF. The total lot size is 12,420 SF.

YEAR BUILT The property was built in 1925.

CROSS STREETS The cross streets are N Vermont Avenue (North/South) and Beverly Boulevard (East/West).

TRAFFIC COUNTS The traffic volumes on the intersection of N Vermont Avenue and Beverly Boulevard are 33793 vehicles per day.

ZONING The zoning is C2-1.

APN NUMBER The APN number is 5520-019-004.

9 SALES COMPARABLES

PRICE/SF CLOSE OF # ADDRESS SALE PRICE PRICE/SF BLDG SF LAND SF YEAR BUILT (LAND) ESCROW

425 S Western Avenue 1 $6,000,000.00 $724.29 $384.00 8,284 15,625 1978 6/11/2018 Los Angeles, CA 90020

4760 Melrose Avenue 2 $3,250,000.00 $466.82 $325.26 6,962 9,992 1963 6/8/2018 Los Angeles, CA 90029

3065 W 8th Street 3 $8,150,000.00 $709.56 $368.06 11,486 22,143 1968 5/31/2018 Los Angeles, CA 90005

207 N Vermont Avenue 4 $5,500,000.00 $347.88 $382.61 15,810 14,375 1929 12/28/2018 Los Angeles, CA

408-414 Oxford Avenue 5 $4,995,000.00 - $278.58 - 17,930 - 1/22/2019 Los Angeles, CA 90020

245 N Vermont Avenue 6 $2,175,000.00 $201.56 $312.05 10,791 6,970 1926 4/4/2019 Los Angeles, CA 90004

502 S Harvard Boulevard 7 $2,300,000.00 - $256.70 - 8,960 - 12/8/2017 Los Angeles, CA 90020

Average $4,624,285.71 $490.02 $329.61 10,667 13,714 - -

10 1 425 S Western Avenue . Los Angeles 8930-8968 Corbin Ave. Northridge 2 4760 Melrose Avenue . Los Angeles 8727 Tampa Ave. Northridge 3 3065 W 8th Street . Los Angeles 2 8920-9068 Tampa Ave. Northridge 4 207 N Vermont Avenue . Los Angeles 9301 Tampa Ave. Northridge 5 408-414 Oxford Avenue . Los Angeles 6 9346245 N Corbin Vermont Ave. AvenueNorthridge . Los Angeles 7 502 S Harvard Boulevard . Los Angeles 6 315 N Vermont Ave . Los Angeles 4

5 1 7

11 AREA OVERVIEW - East Hollywood INTRODUCTION Just east of Hollywood and just west of supremely hip Silver Lake, East Hollywood hails from somewhere between LA’s bastion of embedded stars and its outpost for artistic savants. Unpretentious and fastidiously unkempt, East Hollywood boasts neighborhood dive bars, streetside churro stands, and community fairs where sidewalk musicians make all the noise they want. East Hollywood is defined by its diversity—Thai town, Little Armenia, and a strong Hispanic community compose this neighborhood’s distinctive culture.

HISTORY East Hollywood was known as Prospect Park in 1887, which included parts of Los Feliz. The area was filled with farms growing fruits and wheat. Near the turn of the century, it was re-named East Hollywood in a PR move to make it more appealing to newcomers. First Russian immigrants, then Armenian, East Japanese, Mexican, and Thai took to the area. The result is a fairly diverse intersection of many cultures. Hollywood

SHOPPING AND DINING is bordered by East Hollywood contains arguably one of the loveliest outdoor spaces in Los Celebrity-embedded Angeles, Barnsdall Art Park. Commissioned by the wealthy and eccentric heiress Alice Barnsdall, the hilltop space has a gorgeous view of downtown Hollywood, super-creative Silver Lake, and has an arts center, gallery and theater, as well as the Hollyhock House, designed by Frank Lloyd Wright. and LA’s big-business Downtown.

12 13

HOLLYWOOD: 2 MILES SILVER LAKE: 1.9 MILES KOREATOWN: 2.7 MILES DTLA: 4 MILES DISTANCE TO: DISTANCE Zankou Chicken’s first Zankou Chicken’s Children’s Hospital Los Children’s Hollywood Presbyterian Hollywood Presbyterian American store American Angeles. • Medical Center Medical • • Church of Scientology Church headquarters Coast West Los Angeles City College Self-Realization Los Kaiser Permanente • • • • Fellowship • Angeles Center Medical Red Line subway which runs north-south along Vermont Avenue and east-west along along and east-west Avenue north-south runs which along Vermont Red Line subway Rapid and Local service lines. Metro’s Los AngelesDepartment of Transportation’s Los Angeles, through cuts downtown northwest from 101/Hollywood The Freeway Art Barnsdall Park Hollyhock House Theatre Vista Institute Braille The Branch Cahuenga The NOTABLE PLACES NOTABLE TRANSPORTATION • Hollywood Boulevard Monica Vermont/Santa Vermont/Beverly Hollywood/Western Vermont/Sunset • lines, serving shuttle DASH Hollywood, East Hollywood, Griffith also and the Observatory, area. in the operate • Valley. San Fernando the Hollywood, to • • • • • of Los the Angeles Public Library DEMOGRAPHICS 50,672 Total Population of East Hollywood, CA. The median age is 35.90. 49.6% 50.4% EDUCATION MALE FEMALE

38% 32% 23% 7% High School or Less High School Graduate Bachelor’s or Associate Graduate Graduate Degree

14 1 MILE 3 MILES 5 MILES

2019 Population 103,921 610,657 1,190,637

2019 Households 37,7 15 238,505 455,586

2019 Average Household Size 2.70 2.50 2.50 $71,604 63,807 Average HH income within 5-m radius Businesses within a 5-m radius 2019 Median Household Income $40,745 $42,204 $45,281

2019 Average Household Income $55,516 $67,398 $71,604

2019 Owner Occupied Housing 3,235 34,045 86,671 Units

2019 Renter Occupied Housing 34,480 204,461 368,916 Units 1,190,637 86,671 <$25,000 10,902 76,138 141,297 Population within 5-m radius Owner Occupied Households within 5-m radius $25,000 - $50,000 12,036 59,035 103,007

$50,000 - $75,000 6,707 35,552 67,4 47

$75,000 - $100,000 3,498 21,833 44,936

$100,000 - $125,000 1,944 14,180 30,226

$125,000 - $150,000 809 8,117 17,300

$150,000 - $200,000 986 9,787 21,551 $45,281 368,916 Median HH income within 5-m radius Renter Occupied Households $200,000+ 834 13,864 29,822 within 5-m radius

15 BRANDON MICHAELS ANDREW LEFF Senior Managing Director of Investments Senior Associate BRANDON Senior Director, National Retail Group Director, National Retail Group Tel: (818) 212-2794 Tel: (818) 212-2815 MICHAELS GROUP [email protected] Fax: (818) 212-2710 License: CA #01434685 [email protected] www. BrandonMichaelsGroup .com License: CA #01865688