DOCSLIB.ORG

Hollywood,Ca

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Hollywood,Ca NATHAN PELLOW Executive Vice President License No. 01215721 [email protected] PATRICK MOODY Associate License No. 02024230 [email protected] 1122 VINE STREET hollywood,ca CONFIDENTIALITY AGREEMENT 1122 VINE STREET Colliers International Greater Los Angeles, Inc., a Delaware Corporation, dba Colliers Registered Potential Purchaser shall not make any Informational Materials available to, or disclose International (COLLIERS) has been retained by GSA Group, LLC, (Owner) on an exclusive any of the contents thereof, or discuss any transaction involving the Property with any person other hollywood,ca basis to act as agent with respect to the potential sale of approximately 20,156 square foot than the Registered Potential Purchaser, unless COLLIERS and Owner have approved, in writing, such building sitting on 42,505 square feet of land located in the County of Los Angeles, California disclosure provided, however, that the Informational Materials may be disclosed to the Registered at 1122 Vine Street aka 6226 Banner Avenue, in the city of Los Angeles, California and as Potential Purchaser’s partners, employees, legal counsel and institutional lenders (Related Parties) described herein with all improvements now or hereafter made on or to the real property who, in the Registered Potential Purchaser’s judgment, need to know such information for the (collectively, the “Property”). Owner has directed that all inquiries and communications with purpose of evaluating the potential purchase of the Property or any interest therein by the Registered SECTION 1 respect to the contemplated sale of the Property be directed to COLLIERS. Potential Purchaser. EXECUTIVE SUMMARY 4 COLLIERS has available for review certain information concerning the Property which may The Registered Potential Purchaser and such Related Parties shall be informed by COLLIERS of the include brochures, operating statements, financial information and other materials (collectively confidential nature of the Informational Materials and must agree to keep all Information Materials Informational Materials). COLLIERS will not make such Informational Material available to a strictly confidential in accordance to the agreement. The Registered Potential Purchaser understands potential Purchaser until the potential Purchaser has executed a Confidentiality Agreement and acknowledges that COLLIERS and the Owner do not make any representation or warranty as SECTION 2 and, thereby, becomes a Registered Potential Purchaser and agrees to be bound by its terms. to the accuracy or completeness of the Informational Materials and that the information used in the Upon receipt of this Offering Memorandum, you further agree to be bound by the terms set preparation of the Informational Materials was furnished to COLLIERS by others and has not been forth herein. COLLIERS is prepared to provide the Informational Materials for the reader of independently verified by COLLIERS or Owner and is not guaranteed as to completeness of accuracy. PROPERTY DESCRIPTION 6 this Offering Memorandum, or Registered Potential Purchaser’s consideration in connection The potential Purchaser agrees that neither COLLIERS nor the Owner shall have any liability, for with the possible purchase of the Property subject to the following conditions: any reason, to the Registered Potential Purchaser or Related Parties resulting from the use of the Informational Materials. All Informational Materials relating to the Property, which may be furnished to the Registered SECTION 3 Potential Purchaser by Owner or COLLIERS shall continue to be the property of the Owner The Registered Potential Purchaser hereby indemnifies and saves harmless COLLIERS and the Owner and COLLIERS. The Informational Materials will be used by the Registered Potential Purchaser and their respective affiliates and successors, and assigns against and from any loss, liability or OFFICE SALE OPPORTUNITY 10 and may not be copied or duplicated without COLLIERS’s and Owner’s written consent and expense, including attorney’s fees, arising out of any (1) breach of any of the terms of the Agreement must be returned to COLLIERS or Owner immediately upon COLLIERS’s request or when the by the Registered Potential Purchaser or any Related Party, and (2) claim or claims by Registered Registered Potential Purchaser declines to make an offer for the Property or terminates any Potential Purchaser or any of their representatives for commissions, fees and other compensation for discussion or negotiations with respect to the Property. the sale or proposed sale of the Property to the Registered potential Purchaser. Registered Potential Purchaser will be responsible for any and all commissions, fees and other compensation to be paid to SECTION 4 the Registered Potential Purchaser’s Broker. HOLLYWOOD MARKET OVERVIEW 14 EXECUTIVE SUMMARY SECTION 1 THE OFFERING PROPERTY TOURS INVESTMENT HIGHLIGHTS Colliers International has been exclusively retained to market 1122 Vine Street Prospective purchasers are required to contact Colliers to arrange a specific >> Investor, developer, or user opportunity located in the heart of the entertainment capital, Hollywood, CA. In this offering time to tour 1122 Vine Street. The registered potential purchaser acknowledges we will present a unique opportunity to acquire a 20,156 square foot stand- that the property has been offered for sale, subject to withdrawal from the alone office buidling sitting on approximately 42,500 square feet of development market, change of offering price, prior sale, or rejection of any offer due to the >> Walking distance to Hollywood amenities land with a steady income already in place. The subject property is located less terms thereof, lack of satisfactory credit references, or for any other reason, than a mile from the coveted Sunset/Vine and Hollywood/Vine amenities. whatsoever, without notice. The registered potential purchaser acknowledges Transit-Oriented Communities (TOC) that the property is being offered without regard to race, creed, sex, religion, or >> nation origin. The owner is an intended third party beneficiary of the terms of this agreement. >> Current tenant lease expires January 2020 with strong in-place lease income THE OFFERING PROCEDURE OFFER SUBMISSION >> Located less than a mile from the famous Sunset/Vine & Hollywood/ Vine intersections The Registered Potential Purchaser acknowledges that the Property has been Prospective purchasers are to submit offers to Colliers at the address below: offered for sale, subject to withdrawal from the market, change in offering For office owner/user sale: For land redevelopment: >> Access to both freeway and bus lines price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective Purchaser or for any other NATHAN PELLOW ADAM TISCHER reason, whatsoever, without notice. Executive Vice President Senior Vice President >> Corner positioning and high exposure signage opportunity on Vine Street License No. 01215721 License No. 01766213 Registered Prospective Purchasers and their brokers (if any) will be bound by [email protected] [email protected] the terms of the executed Confidentiality Agreement, which were agreed to >> Interior layout designed for a wide variety of uses prior to the distribution of this information and the Disclaimer contained herein. PATRICK MOODY MICK MOODY Associate Associate License No. 02024230 License No. 01972547 >> Many developments occuring in the immediate area Since the ability to close the transaction according to the terms of the purchase [email protected] [email protected] will be of paramount importance to Owner, inclusion of Prospective Purchaser’s past property acquisition history, and financial statements identifying the MARK TARCZYNSKI >> Secured, gated parking with 40-60 spaces source of funds for the Property’s purchase, would greatly aid the Owner in Executive Vice President License No. 01020868 evaluating the Prospective Purchaser’s offer. Owner will select the Prospective [email protected] Purchaser it deems most qualified and Prospective Purchaser will immediately >> Modern 2005 construction be provided a draft Purchase and Sale Agreement for its review and execution. 4 COLLIERS INTERNATIONAL 1122 VINE STREET 5 PROPERTY DESCRIPTION SECTION 2 PROPERTY OVERVIEW SITE OVERVIEW CHARACTERISTICS BANNER AVE. 1122 Vine Street, Los Angeles, CA 90038 Address: aka 6226 Banner Avenue >> Large corner lot APN: 5534-005-024 >> Abundant on-site parking Building Size: ±20,156 SF >> Vine Street address Year Built: 2005 Stories: 1 VINE ST. >> Modern construction Lot Size: ±42,505 SF / 0.98 Acres EL CENTRO AVE. >> Easily accessible from the 101 Freeway Parking: Gated parking lot with 40 surface spaces 1.98/1,000 Zoning: LARD1.5 & LAC2 SANTA MONICA BLVD. Current Tenant: Social Security Administration (GSA) Lease Exp. Date: January 2020 BANNER AVE. Current Rent: $4.58 PSF / $89,540 per month Walk Score: 89 (Very Walkable) Transit Score: 62 (Good Transit) Bike Score: 76 (Very Bikeable) VINE ST. 6 COLLIERS INTERNATIONAL 1122 VINE STREET 7 EXTERIOR & INTERIOR PHOTOS 8 COLLIERS INTERNATIONAL 1122 VINE STREET 9 OFFICE SALE OPPORTUNITY SECTION 3 BUILDING FLOOR PLAN LEASE ABSTRACT GENERAL LEASE TERMS Lessee: Social Security Administration (GSA) Premises Address: 1122 Vine Street, Los Angeles, CA 90038 Rentable SF: 19,530 SF Current Rental Rate: $4.58 per SF, modified gross Commencement Date: January 12, 2005 Rent: $89,540/month
Load more

Recommended publications
  • AMC and Cinemark to Host NATO of CA/NV Fall Film Product Seminar
    September 2009 NATO of California/Nevada September 2009 NATO of California/Nevada Information for the California and Nevada Motion Picture Theatre Industry AMC and Cinemark to Host NATO of INS I DE PREV I EWS CA/NV Fall Film Product Seminar NATO of California/Nevada’s 2009 Fall/ reservations are a must, no walk-ins will be ad- AMC and Cinemark to Host NATO of Winter Film Product Seminar will be held in mitted. Mark your calendars now and get your CA/NV Film Product Northern Cali- reservations in soon. fornia on No- Please visit the Meetings and Seminars pages of Seminar th Page 1 vember 5 at our web site www.NATOCalNev.org for a Registra- • Cinemark’s Cen- tion Form. If you are registering more than one per- Safeguard Teen tury San Fran- son please include your company name and contact Workers cisco Centre 9 information at the top of one sheet or email and pro- Page 1 Theatre and on Pictured above is the spacious vide the following information for each individual; November 12th lobby of Cinemark’s Century San their name and position, theatre name and address, • Francisco Centre 9 Theatre Plan Now for in Southern Cal- email address, day- Holiday Gift ifornia at the AMC Burbank 16 Theatre. time phone number Certificate Sales Following a successful format the program and whether they Page 2 will allow time in the spacious lobbies for visiting are attending the • with fellow managers and marketing representa- Northern or South- Lessons Learned tives from the major studios at the continental ern California semi- from Record breakfast and lunch.
    [Show full text]
  • Los Angeles, Ca 90006 Units: 21 Offering Memorandum Year Built: 1923
    LOS ANGELES, CA 90006 UNITS: 21 OFFERING MEMORANDUM YEAR BUILT: 1923 a Berkshire Hathaway and Jefferies Financial Group company | 1 INVESTMENT ADVISORS Brent Sprenkle Senior Managing Director 310.621.8221 [email protected] PROPERTY HIGHLIGHTS CA BRE License #01290116 Steffan Braunlich Prime Koreatown Location Senior Director 1 310.209.3209 [email protected] CA DRE License #01859098 2 Great Unit Mix and Parking 3 Very Low Rents-Average Rent $1,006 4 Long Term Owner-Well Maintained 5 95 Walk Score-Walker’s Paradise SOUTH BAY OFFICE 2321 Rosecrans Avenue Suite #3235 El Segundo, CA 90245 TABLE OF CONTENTS PORTFOLIO SUMMARY ...............................4 THE PROPERTY ..............................................6 FINANCIAL ANALYSIS ................................ 16 MARKET POSITIONING ............................ 20 ECONOMIC AND DEMOGRAPHIC OVERVIEW .................................................. 34 DEMOGRAPHICS .........................................52 MULTIFAMILY REPORT ............................. 64 PORTFOLIO SUMMARY THE ELEVATE LA PORTFOLIO Year Built 1928 1923/1924 1923 1920’s Number of Units 30 28 21 473 Total Rentable Area 17,961 SF 17,124 SF 10,980 SF 46,065 SF Average Unit Size 470 SF 520 SF 414 SF 473 SF Current Rent $928 $972 $1,015 $967 Current Rent PSF $1.97 $1.87 $2.45 $2.04 PORTFOLIO ANALYSIS Listing Price $3,995,000 $3,995,000 $3,350,000 $11,340,000 Price / Unit $133,167 $142,679 $159,524 $143,544 Price / SF $222.43 $233.30 $305.10 $246.17 Current GRM 11.81 12.01 12.87 12.18 - Offers may be submitted for the entire portfolio, for individual assets, or for any combination of assets - Assets may be purchased free & clear, or with assumed debt | 5 THE PROPERTY PROPERTY DESCRIPTION The San Marino Apartments is a 21-unit apartment building located just east of Vermont in the Koreatown area of Los Angeles.
    [Show full text]
  • 48 Things to Do in 48 Hours in L.A. Here's the Challenge: You Have Two Days to Visit Los Angeles And, Aspiring Screenwriter Th
    48 Things to Do in 48 Hours in L.A. Here’s the challenge: You have two days to visit Los Angeles and, aspiring screenwriter that you are, you know those 48 hours have to count. Aside from doing the obvious, i.e., setting up as many meetings with interested agents, producers, managers, and other industry professionals in advance, what else can you do to meet and greet the locals? Armed with a stack of business cards and a positive attitude toward everyone you see, here are some ways to be in places where you can possibly meet new “friends of friends”: 1) Visit the WGA, west headquarters at 7000 W. Third St. and pay homage to the dispensers of the fabled “green envelope.” The phone number is 800.548.4532. Their website is www.wga.org. 2) Have the experience of registering a script or treatment in person. ($20 per script for non-Guild members, $10 for Guild members) 3) Visit the Writers Guild Foundation library, a quiet space to write, use reference materials and wi-fi, or read a script in their collection. Hours are listed on their website, http://www.wgfoundation.org. 4) Also, call in advance to see if the Guild or Foundation is offering any special panels or events open to the public. 5) Visit The Writers Store at 3510 W. Magnolia Blvd in Burbank. They’re open Monday-Saturday from 10:00 am-6:00 pm. Phone is 800.272.8927; their website is https://www.writersstore.com. They too sponsor many evening events.
    [Show full text]
  • Exploring Los Angeles
    SCampus 2011-12 Exploring Los Angeles Exploring Los Angeles Los Angeles is a city rich in culture. There is something to do at practically every corner. Use this guide, which is based on student recommendations, to help you explore all that Los Angeles has to offer, from museums and theatre to shopping and dining. Student discounts for restaurants, museums and theatres are highlighted so you can experience Los Angeles – even on a student’s budget. Airports Arts and Entertainment Airports Arts and Entertainment AIRPORT TRANSPORTATION LONG BEACH AIRPORT ATTRACTIONS Airport Shuttle Services 4100 E. Donald Douglas Dr. Aquarium of the Pacific Long Beach, CA 90808 100 Aquarium Way A number of airport shuttle services can trans- (562) 570-2678 Long Beach, CA 90802 port you to and from the airport. (562) 570-2600 (recording) (562) 590-3100 Airport Code: LGB www.aquariumofpacific.org Prime Time Shuttle www.lgb.org Home to more than 500 species from (800) RED-VANS Domestic and international flights Southern California/Baja, the Tropical through Alaska, Allegiant, Delta, Jet- Pacific and the Northern Pacific. www.primetimeshuttle.com Blue and US Airways. Admission $13.50 per person to/from 1/4 mile of campus $24.95 ($19 from USC Ticket Office) LOS ANGELES INTERNATIONAL and LAX by showing your USC ID. Prime Time AIRPORT Hollywood Sign Hollywood, CA Shuttle is a preferred vendor for USC. 1 World Way www.hollywoodsign.org Los Angeles, CA 90045 Super Shuttle (310) 646-5252 Famous Southern California landmark (310) 665-0370 TDD in the hills of Hollywood. Best places to (800) BLUE-VAN Airport Code: LAX see the sign are: www.supershuttle.com www.lawa.org • Hollywood and Highland complex www.los-angeles-lax.com • Corner of Beachwood Canyon Drive $16 per person to/from campus and LAX for Served by most U.S.
    [Show full text]
  • 7060 W. Sunset Boulevard
    7060 W. SUNSET BOULEVARD Los Angeles, CA 90028 BRANDON MICHAELS GROUP 1 INVESTMENT ADVISORS: BRANDON MICHAELS BRANDON Senior Managing Director Investments MICHAELS Director, National Retail Group GROUP Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685 www.BrandonMichaelsGroup.com BEN BROWNSTEIN Investment Associate Director, National Retail Group Tel: (818) 212-2812 Fax: (818) 212-2710 [email protected] License: CA #02012808 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap 2 TABLE OF CONTENTS Executive Summary Investment Highlights Financials Sales Comparables Area Overview 3 HOLLYWOOD Capitol Records W Hotel Hollywood Pantages Theatre Dream Hotel Mama Shelter Loews Hotel Egyptian Theatre Hollywood & Highland Hollywood Max Museum Dolby Theatre Ripley’s Believe It or Not! TCL Chinese Theatre Madame Tussauds Hollywood El Capitan Theatre Hollywood Roosevelt N HIGHLAND AVENUE CVS | LA Fitness| DSW We Work Hollywood Buffalo Wild Wings In-N-Out Burger Live Nation Sycamore Tavern Starbucks SUNSET BOULEVARD N LA BREA AVENUE 4 W Hotel Hollywood Palladium Sunset + Vine ArcLight Hollywood CNN Mama Shelter N HIGHLAND AVENUE 7060 W.
    [Show full text]
  • Hollywood Sightseeing
    HOLLYWOOD SIGHTSEEING Take advantage of the attractions in a city that ranks tourism as its No. 2 industry. Attractions - Things to See and Do in Hollywood, California Do, Re, Mi, Fa, So, La, Ti, Do at the Bowl At the epicenter of Hollywood’s music scene stands the architecturally astounding Hollywood Bowl (2301 N. Highland Ave.; hollywoodbowl.com). Showcasing a vast assortment of musical acts, there is something for every musical taste. Embrace Your Inner Thespian Hollywood is not only known for film, but also for stage performances. Smash hit musicals like “Rent” and “Wicked” have been performed at the Pantages Theatre (6233 Hollywood Blvd.; hollywoodpantages.com). Then, of course, there’s the home of the Academy Awards, the Dolby Theatre (6801 Hollywood Blvd., dolbytheatre.com). Experience the Happening Nightclubs Hollywood is most definitely the nightclub capital. Party like celebrities do, grab a group of friends and visit A-list clubs like Drai’s (6250 Hollywood Blvd.; draishollywood.com), Supperclub (6675 Hollywood Blvd; supperclub.com), and Tru (1600 Argyle Ave; truhollywood.com). From dancing to Jeremih and Pitbull, to drinking those fancy martinis just like Carrie and the girls on “Sex and the City” do, to flirting with that cute bartender with the intriguingly dangerous tattoo, you’re bound to have a fantastic and eventful evening out. Go to the Taping of a Show In the mood to test your knowledge? Go to a taping of “Jeopardy!” Love game shows? See “Wheel of Fortune” live. Fascinated by other people’s problems? Watch Dr. Phil aid crazy mother-in-laws, adulterers, obese toddlers, pregnant teenagers, etc.
    [Show full text]
  • Hollywood,Ca Prime Redevelopment Opportunity in the Heart of Hollywood
    1122 VINE STREET hollywood,ca prime redevelopment opportunity in the heart of hollywood ADAM TISCHER Senior Vice President License No. 01766213 [email protected] MICK MOODY Associate License No. 01972547 [email protected] MARK TARCZYNSKI Executive Vice President License No. 01020868 [email protected] CONFIDENTIALITY AGREEMENT Colliers International Greater Los Angeles, Inc., a Delaware Corporation, dba Colliers Registered Potential Purchaser shall not make any Informational Materials available to, or disclose International (COLLIERS) has been retained by GSA Group, LLC, (Owner) on an exclusive any of the contents thereof, or discuss any transaction involving the Property with any person other basis to act as agent with respect to the potential sale of approximately 20,156 square foot than the Registered Potential Purchaser, unless COLLIERS and Owner have approved, in writing, such building sitting on 42,505 square feet of land located in the County of Los Angeles, California disclosure provided, however, that the Informational Materials may be disclosed to the Registered at 1122 Vine Street aka 6226 Banner Avenue, in the city of Los Angeles, California and as Potential Purchaser’s partners, employees, legal counsel and institutional lenders (Related Parties) described herein with all improvements now or hereafter made on or to the real property who, in the Registered Potential Purchaser’s judgment, need to know such information for the (collectively, the “Property”). Owner has directed that all inquiries and communications with purpose of evaluating the potential purchase of the Property or any interest therein by the Registered respect to the contemplated sale of the Property be directed to COLLIERS.
    [Show full text]
  • Castle in The
    Event Event Date Showtime Exhibitor Theater DMA Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Kansas City Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Kansas City Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Denver Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Philadelphia Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Omaha Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Denver Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Phoenix (Prescott) Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Kansas City Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Chicago Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Oklahoma City Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Houston Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Houston Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Los Angeles Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC San Francisco-Oakland-San Jose Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Los Angeles Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC San Francisco-Oakland-San Jose Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Los Angeles Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Los Angeles Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Los Angeles Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC San Diego Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Houston Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Houston Castle in the Sky (dubbed) 08/27/2017 12:55 PM AMC Dallas-Ft.
    [Show full text]
  • National Association of Theatre Owners of California/Nevada: Year
    NATO of California/Nevada Information for the California and Nevada Motion Picture Theatre Industry • June/July 2004 Calendar National Association Of Theatre Owners of Events Of California/Nevada: Year In Review and Holidays Respectfully submitted by Milt Moritz, President and CEO, at the Associations Annual Membership Meeting These past twelve months have marked another be heard before the U.S. Supreme Court regarding July 4 successful year for the Association. Even with the lines of sight. Unfortunately the Solicitor General’s Independence Day ongoing industry consolidation our membership office filed a motion in opposition to our position. continues to grow. We have a total of 64 member We await further notice as to whether the U.S. companies representing 3,532 screens, a little over Supreme Court will agree to hear the case. Sept.6 85% of the total operating screens in California The Association organized five seminars this Labor Day and Nevada. Our membership also includes 20 past year. One of the seminars provided an in associate members. depth review of the recently passed Senate Bill Sept.16 The Association retains the firm of Thomas 1032 dealing with unauthorized recordings in Advocacy as our lobbyist in Sacramento where we theatres. A special White Paper commissioned by Rosh Hashanah continuously monitor the various bills that may the Association was prepared on the subject by the have an effect on motion picture theatres and auxiliary national law firm of Kirkpatrick and Lockhart. Sept. 22 businesses. This year we were successful in our Attendance at our twice a year product seminars First Day of Autumn efforts to defeat the governor’s proposed admission continues to grow, with an audience of more than tax in Nevada.
    [Show full text]
  • El Segundo Herald
    The Weekly Newspaper of El Segundo Herald Publications - El Segundo, Torrance, Manhattan Beach, Hawthorne, Lawndale, & Inglewood Community Newspapers Since 1911 - (310) 322-1830 - Vol. 106, No. 41 - October 12, 2017 Inside El Segundo High School Lights This Issue Up With Fireworks Spectacular Certified & Licensed Professionals ....................16 Classifieds ...........................4 Crossword/Sudoku ............4 Entertainment .....................6 Legals ........................... 14,15 Letters ..................................2 Pets .....................................17 Police Reports ..................15 Saturday, October 7 continued El Segundo’s Centennial festivities with a 15-minute fireworks extravaganza that told the story of 100 years of the city’s history. The show, which featured an original score and Real Estate. .......10-13,18,19 narration, included pyrotechnics, colorful lighting, special effects and animations projected onto the El Segundo High School bell tower. See inside this week’s edition for more highlights! Photo by Marcy Dugan. Sports ................................5,8 Park Vista Looks Into the Future as Long-Term Deficits Loom By Brian Simon region. As is the case when looking at how to for studios and $895 for one bedrooms. Cur- Though expecting to be in reasonably good improve any bottom line, the Senior Housing rent tenants only pay on average 36-38 percent Weekend financial shape over the next five years, the Board considered potential ways to add income ($500 and $630) of market. However, increasing longer-term future of El Segundo’s Park Vista and reduce expenses. Three options came before their monthly rent, Latta admitted, “is not the Forecast Senior Apartmen ts is a bit cloudier. According the Council last week for discussion. right thing to do.” to Senior Citizen Housing Board Corporation The first thought was a rent increase for Instead the suggestion was to convert 32 President Jim Latta, current reserves sit at about new tenants.
    [Show full text]
  • Download Latest Issue
    BEVERLYPRESS.COM INSIDE • Hollywood Bowl reopening pg. 3 Partly cloudy, • Friedman with highs in reflects on term the 60s as mayor pg. 5 Volume 31 No. 15 Serving West Hollywood, Hancock Park, Beverly Hills and Wilshire Communities April 15, 2021 One Beverly Hills sees success Residents breathe sigh of relief after in Planning Commission n Project may head to City Council next week tents cleared in Beverly Grove n Housing is found for BY CAMERON KISZLA restaurant space, and botanical gar- dens on both sides of Merv Griffin people at encampment, In the first of what could be three Way, received some preliminary abandoned building will meetings on the project, the approvals, including for the envi- be razed Beverly Hills Planning ronmental impact report, in a pair of Commission began positive 4-0 votes. Commissioner Thomas momentum for the One Beverly Hudnut recused himself from dis- BY EDWIN FOLVEN Hills project on April 8. cussions because he has “an equity One Beverly Hills, a 17.5-acre investment in property adjacent to Tents were cleared earlier this mixed-use project that will include the project.” week from the corner on San hotels – including the existing The April 8 meeting did not Vicente Boulevard and Orange Waldorf Astoria and the Beverly Street after the city found tempo- Hilton – residences, retail and See Hotel page 21 rary housing for people at an encampment located there for months. The encampment, which some said was a center of criminal activity, became a heightened con- cern after the murder of a 31-year- old Maryland Drive resident on photo courtesy of Molly Basler March 29.
    [Show full text]
  • Units 12 Year Built: 1956
    OFFERING MEMORANDUM UNITS 12 540 S SERRANO AVENUE YEAR BUILT: 1956 LOS ANGELES, CA 90020 a Berkshire Hathaway and Jefferies Financial Group company | 1 INVESTMENT ADVISORS Brent Sprenkle Senior Managing Director 310.621.8221 [email protected] PROPERTY HIGHLIGHTS CA BRE License #01290116 1 Prime Koreatown Location Near 6th and Western 2 95 Walk Score - Walker’s Paradise 3 Ideal Unit Mix of One and Two-Bedroom Units 4 Large Units with Below Market Lease Rates 5 Soft Story Retrofitting Completed 6 Attractive Property with Excellent Potential El SEGUNDO OFFICE 2321 Rosecrans Avenue Suite #3235 El Segundo, CA 90245 TABLE OF CONTENTS THE PROPERTY ..............................................4 FINANCIAL ANALYSIS ................................ 14 MARKET POSITIONING ............................. 18 ECONOMIC AND DEMOGRAPHIC OVERVIEW ...................32 DEMOGRAPHICS ........................................ 50 MULTIFAMILY REPORT ............................. 62 THE PROPERTY PROPERTY DESCRIPTION The Serrano Apartments is a twelve-unit apartment building constructed in the 1950’s on a prime street in the Koreatown area of Los Angeles. The property has an ideal unit mix consisting of eight apartments that are one- bedrooms with one-bathroom, two units that are two-bedrooms with one-bathroom, and two units that are two-bedrooms with two-bathrooms. The property has six tandem parking spaces that can accommodate twelve vehicles. Apartments are individually metered for gas and electricity. The property features steel casement windows in a two-story walkup constructed of wood-frame and stucco. The seller just completed the soft story retrofitting of the property. PROPERTY SUMMARY Units 12 Year Built 1956 Parcel Number(s) 5503-021-004 1, Two-Story, Steel Casement Type of Buildings Windows Exterior Wood-Frame and Stucco Parking Tandem Metering Individual for Gas and Electric The Property | 5 LOCATION DESCRIPTION Metro Comparison Since 2009, the Los Angeles County New Supply Since 2009 apartment market has had 62,340 new units 150,000 added to its inventory.
    [Show full text]