OFFERING MEMORANDUM / 945 NORTH OXFORD HOLLYWOOD, CA. 90029 11BRAND NEW LUXURY TOWNHOUSE STYLE APARTMENTS LOCATED IN HOLLYWOOD, CA. ED KOENIG | DRE 00831815 KOENIG PROPERTIES | INVESTMENT REAL ESTATE | DRE: 00984953 table of contents
03 OXFORD DETAILS / INTRO
04 FLOOR PLANS
06 PARCEL & SITE LOCATION MAP
07 PROPERTY OVERVIEW
09 OFFERING / FINANCIAL ASSUMPTIONS
10 PROJECTIONS
12 RENTAL COMPS brought to you by 14 VALUE ADD CONCEPT
16 90029 LOCATION
21 NEAR BY SIGNIFICANT DEVELOPMENTS
23 ABOUT THE BROKER about verono
VERONO HOMES is LA’s fresh-thinking residential development firm, mindfully owned and operated by native Angelenos. Verono creates opportunities for first-time home buyers to own a small piece of the California dream, with artfully designed multi-family and single-family homes in burgeoning LA neighborhoods. VERONO has conceived and constructed OVER 55 QUALITY PROJECTS from Venice to Highland Park. See more about ‘The Way To Live In LA’ at Verono.com or on social media@VeronoHomes. t B O c k Apar d Relaxin wo o i e a tchen XFORD 11’ s EIGHT4Bedroom+ 3.5-bath,ONE5Bedroom+ 4BathsandONE n fine ths u v c e tm a n rs LU i nits arenear completion withanaskin e g e . a n
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PAGE 03 | KOENIG PROPERTIES 1 2 1/8" = 1'-0" = 1/8" FIRST FLOOR GRAPHICS FLOOR FIRST 1/8" = 1'-0" = 1/8" SECOND FLOOR GRAPHICS plans GARAGE UNIT H UNIT GARAGE GARAGE UNIT C-1 UNIT DN UP W
D W D UP DN UNIT G UNIT UNIT H UNIT UNIT C-1 UNIT UP UP UNIT G UNIT DN UP UP UNIT C-2 UNIT UP W D UP UNIT F UNIT UP DN UNIT C-2 UNIT W D W D DN UNIT F UNIT D W GARAGE GARAGE SOUTH WING SOUTH NORTH WING WING SOUTH NORTH WING REVERSE UNIT B UNIT GARAGE GARAGE UNIT E UNIT 1 2 1/8" = 1'-0" = 1/8" FIRST FLOOR GRAPHICS FLOOR FIRST D D 1/8" = 1'-0" = 1/8" SECOND FLOOR GRAPHICS W W UNIT B-REV UNIT UNIT E UNIT UNIT B UNIT UNIT E-REV UNIT B UNIT GARAGE WD WD GARAGE REVERSE GARAGE UNIT E UNIT UNIT H UNIT GARAGE GARAGE GARAGE GARAGE UNIT C-1 UNIT DN UP UNIT A UNIT W UNIT D UNIT W D W D W D UP D DN UNIT G UNIT UNIT H UNIT UNIT C-1 UNIT DN DN UP UNIT A UNIT UNIT D UNIT UP DN DN UP UP UP UP UNIT G UNIT DN UP UP UNIT C-2 UNIT UP W D UP UNIT F UNIT UP DN UNIT C-2 UNIT W D W D DN UNIT F UNIT D W GARAGE GARAGE SOUTH WING SOUTH NORTH WING WING SOUTH NORTH WING REVERSE UNIT B UNIT GARAGE GARAGE UNIT E UNIT D D N. ecito Date Description N0. PRINTED DATE: PRINTED JOB NUMBER: Approval: Design Reviewed by: Designer: Huntington Beach, CA 92649 [email protected] W [email protected] W Composite Building Plans Verify all dimensions - Do not scale drawings scale not - Do dimensions all Verify 4651 Scenario Drive Scenario 4651 Koch+Andres Disclaimer: Koch+Andres albert 714.383.0371 albert chris 714.434.6594 chris 5 -9-2018 REVISIONS UNIT B-REV UNIT UNIT E UNIT Project Number Project SHEET: Graphics 1 Graphics OXFORD LLC Approver Checker Designer floor UNIT B UNIT 943-947UNIT E-REV OXFORD AVENUE LOS ANGELES CA 90029 9/13/2019 5:39:49 PM UNIT B UNIT WD WD GARAGE REVERSE GARAGE UNIT E UNIT GARAGE GARAGE UNIT A UNIT UNIT D UNIT W W D D DN DN UNIT A UNIT UNIT D UNIT DN DN UP UP UP UP
PAGE 04 | KOENIG PROPERTIES N. ecito Date Description N0. PRINTED DATE: PRINTED JOB NUMBER: Approval: Design Reviewed by: Designer: Huntington Beach, CA 92649 [email protected] [email protected] Composite Building Plans Verify all dimensions - Do not scale drawings scale not - Do dimensions all Verify 4651 Scenario Drive Scenario 4651 Koch+Andres Disclaimer: Koch+Andres albert 714.383.0371 albert chris 714.434.6594 chris 5 -9-2018 REVISIONS Project Number Project SHEET: Graphics 1 Graphics OXFORD LLC Approver Checker Designer 943-947 OXFORD AVENUE LOS ANGELES CA 90029 9/13/2019 5:39:49 PM 2 1 1/8" = 1'-0" = 1/8" ROOF DECK GRAPHICS 1/8" = 1'-0" = 1/8" THIRD FLOOR GRAPHICS DW UNIT H UNIT REF. UNIT H UNIT UNIT C-1 UNIT UP DN DN UNIT C-1 UNIT DN DN UNIT G UNIT UNIT G UNIT UP DW
DW REF.
REF.
REF. UNIT C-2 UNIT DW DN DN UP UP DN DN DN UP UNIT C-2 UNIT UNIT F UNIT UNIT F UNIT SOUTH WING SOUTH NORTH WING SOUTH WING SOUTH NORTH WING REF. DW DW DW
REVERSE REF. REF. UNIT B UNIT UNIT E UNIT UNIT E UNIT REVERSE UNIT B UNIT 2 1 1/8" = 1'-0" = 1/8" ROOF DECK GRAPHICS 1/8" = 1'-0" = 1/8" THIRD FLOOR GRAPHICS UNIT B UNIT REVERSE E UNIT REVERSE UNIT E UNIT
UNIT B UNIT REF. REF. DW DW DW UNIT H UNIT REF. DW DW UNIT H UNIT
REF. REF. UNIT A UNIT UNIT C-1 UNIT UNIT A UNIT UNIT D UNIT UNIT D UNIT DN DN DN DN UP DN DN UP UP UNIT C-1 UNIT DN DN UNIT G UNIT UNIT G UNIT UP DW
DW REF.
REF.
REF. UNIT C-2 UNIT DW DN DN UP UP DN DN the mix DN UP 1,671 –2,430SQFT UNIT SIZESRANGEFROM • • • • LOT SIZE17,161(APPROX) BUILDING SQFT26,763(APPROX) UNIT C-2 UNIT ONE 5BEDROOM+4BATHS E ONE 3BEDROOM+3.5BATHS ONE 4BEDROOM+3BATHS UNIT F UNIT UNIT F UNIT IGHT 4BEDROOM+3.5BATHS SOUTH WING SOUTH NORTH WING SOUTH WING SOUTH NORTH WING REF. DW DW DW
REVERSE REF. REF. UNIT B UNIT UNIT E UNIT N. ecito Date Description N0. PRINTED DATE: PRINTED JOB NUMBER: Approval: Design Reviewed by: Designer: Huntington Beach, CA 92649 UNIT E UNIT [email protected] [email protected] Composite Building Plans Verify all dimensions - Do not scale drawings scale not - Do dimensions all Verify 4651 Scenario Drive Scenario 4651 Koch+Andres Disclaimer: Koch+Andres albert 714.383.0371 albert chris 714.434.6594 chris 5 -9-2018 REVERSE REVISIONS UNIT B UNIT Project Number Project SHEET: Graphics 2 Graphics OXFORD LLC Approver Checker Designer
943-947 OXFORD AVENUE B UNIT REVERSE E UNIT REVERSE
LOS ANGELES CA 90029 E UNIT 9/13/2019 5:41:32 PM
UNIT B UNIT REF. REF. DW DW DW DW
REF. REF. UNIT A UNIT UNIT A UNIT UNIT D UNIT UNIT D UNIT DN DN DN DN UP UP
PAGE 05 | KOENIG PROPERTIES N. ecito Date Description N0. PRINTED DATE: PRINTED JOB NUMBER: Approval: Design Reviewed by: Designer: Huntington Beach, CA 92649 [email protected] [email protected] Composite Building Plans Verify all dimensions - Do not scale drawings scale not - Do dimensions all Verify 4651 Scenario Drive Scenario 4651 Koch+Andres Disclaimer: Koch+Andres albert 714.383.0371 albert chris 714.434.6594 chris 5 -9-2018 REVISIONS Project Number Project SHEET: Graphics 2 Graphics OXFORD LLC Approver Checker Designer 943-947 OXFORD AVENUE LOS ANGELES CA 90029 9/13/2019 5:41:32 PM
parcel & site location site & N
PAGE 06 | KOENIG PROPERTIES property OXFORD ELEVENepitomizes roof topdecksandanindoorwasherdryer. neighborhoods. All Unitsareindividually metered for water, electric and gas. Eachunithastwoprivate covered parking spaces, private LUXURY LIVINGwhilesituatedatthecenterofmanydiverse,historicandvibrantLosAngeles overview the details AVG $2.51PER SQFT PROJECTED RENTS 1,671 –2,430SQFT UNIT SIZESRANGEFROM • APN 5535-021-022 LOT SIZE17,161 BUILDING SQFT26,763 PRICE $9,985,000 HOLLYWOOD, CA.90029 945 NORTH OXFORD AVENUE, LOCATION • • • E ONE 3BEDROOM+3.5BATHS ONE 4BEDROOM+3BATHS ONE 5BEDROOM+4BATHS IGHT 4BEDROOM+3.5BATHS (APPROX)
(MONTHLY) (APPROX)
PAGE 07 | KOENIG PROPERTIES NEAR COMPLETION the highlights FOR WATER,GAS ELECTRIC AND UNITS INDIVIDUALLY METERED UTILITIES 2 SPACES /COVERED SECURED GATED PARKING PARKING TOP DECKS INDIVIDUAL PRIVATE ROOF DECKS &BALCONIES TECHNOLOGY WITH BRILLIANTSMART HOME UNIT, EACHUNITEQUIPPED • LEDLIGHTING THROUGHOUT • • • • • APPLIANCES • • FINISHES 4BUILT-IN SPEAKERS INEACH RECESSEDENERGYEFFICIENT DESIGER TILE BACK SPLASHES LUXURY LAMINATE FLOORING QUARTZ COUNTERTOPS CUSTOM WOOD CABINETS HIGHENDSTAINLESS KITCHEN DRYERINDOOR WASHER AND
PAGE 08 | KOENIG PROPERTIES propertyoffering
$9,985,000 INVESTMENT INDICATORS (PROJECTED)
• 11 NEW TOWNHOUSE STYLE LUXURY • GROSS OPERATING INCOME: $625,400 APARTMENTS W. PRIVATE ROOF DECKS • EXPENSES: $182,776.10 - 29% • 26,763 GROSS BUILDING SQFT (APPROX) • NET OPERATING INCOME: $452,623.90 • 17,161 LOT SIZE (ASR) • CAP RATE: 4.53% • APN 5535-021-022 • GROSS RENT MULTIPLIER: 15.71 • ZONED RD1.5 • PRICE PER SQFT: $410.08 PAGE 09 | KOENIG PROPERTIES PAGE EXPENSES
PROPERTY TAX 1.25% $ 124,812.50 INSURANCE 0.4 $ 009,739.60 MANAGEMENT 3% $ 019,062.00 VACANCY FACTOR 3% $ 019,062.00 DWP $0001,200.00 GAS CO $0000000 NA
CONTRACT SERVICES TRASH $ 003,200.00
LAHD REGISTRATION $ 001,500.00
MAINTENANCE MISC/RESERVES $ 003,000.00 GARDENING $ 001,200.00
TOTAL EXPENSES $ 182,776.10 projections PAGE 10 | KOENIG PROPERTIES PAGE projected $9,985,000.00 NOTE: Alltherentalfiguresfor OXFORDre ELEVENa all oftherentalamountsstated. TOTALS UNIT # E (rev) C (rev) B (rev) H G F E D C B A
4 +3.5 4 +3 3 +3.5 4 +3.5 4 +3.5 4 +3.5 4 +3.5 5 +4 4 +3.5 4 +3.5 4 +3.5 TYPE
$ 52,950.00 $ 5,000.00 $ 4,850.00 $ 3,800.00 $ 4,800.00 $ 4,800.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 4,850.00 $ 4,850.00 $ 5,000.00 RENT rent roll PROJECTIONS. Sellerdoesnotwarrantorgaurenteeanyand
21,345 1,663 1,671 1,781 1,781 1,788 2,139 2,297 1,932 1,932 1,931 2,430 SQFT
RENT PERFOO AVE. RPF$2.51 $ 2.06 $ 2.92 $ 2.27 $ 2.70 $ 2.70 $ 2.80 $ 2.34 $ 2.18 $ 2.51 $ 2.51 $ 2.59
T
PAGE 11 | KOENIG PROPERTIES rental comps average rentperfoot governing agenciestoBuyer’sownsatisfaction. information andbearsallrisksforanyinaccuracies.Buyertoverifyproposeduseswithvarious mation. Allreferencestosquarefootage,lotsize,orageareapproximate.Buyermustverifythe makes norepresentationsorwarranties,expressedimplied,astotheaccuracyofthisinfor NOTE: Rentalcompsinformationhasbeensecuredfromreliablesources.KoenigProperties YEAR BLT DISTANCE RENT PSF UNIT SQFT ASKING RENT UNIT MIX YEAR BLT DISTANCE RENT PSF UNIT SQFT ASKING RENT UNIT MIX 2 1 741 NMARIPOSA AVE OAKWOOD AVENUE4114 W
3 BEDROOM/BATHS 4 BEDROOM/BATHS 4,500.00 4,150.00 $ 3.00 $ 2.61 1,500 1,590 2020 2020 0.60 1.00 = $2.79 -
PAGE 12 | KOENIG PROPERTIES YEAR BLT DISTANCE RENT PSF UNIT SQFT ASKING RENT UNIT MIX YEAR BLT DISTANCE RENT PSF UNIT SQFT ASKING RENT UNIT MIX YEAR BLT DISTANCE RENT PSF UNIT SQFT ASKING RENT UNIT MIX 4 3 5 comps 5015 N. MARATHON STREET 413 NHARVARD STREET 965 N WILTON PLACE
(AVERAGE RPF$2.79) (AVERAGE RPF$2.86) 4 BEDROOM+BATHS 4 BEDROOM/3BATHS 4 BEDROOM/2BATHS continued 4,800.00 4,300.00 3,900.00 $ 2.46 $ 3.07 $ 2.79 1,950 1,400 1,400 2018 2020 2017 0.20 0.70 0.30
PAGE 13 | KOENIG PROPERTIES VALUE ADD CONCEPTFOR the details ELECTRIC COMPLETED PLUMBING,SEWER, WATER AND UTILITIES UNIT SIZES640SQFT ONE WITH ROOFTOP DECK TWO 2BEDROOM+BATHS PRICE $500,000 ADD TO SITE/NEXT TO UNITC-1 TWO ADU MINIHOMES 2 homes (ADDITIONAL) mini mini add
PAGE 14 | KOENIG PROPERTIES INCREASE INCOME POTENTIAL LOCATION FOR 2 ADU MINI HOMES AND A $64,800. 9% return on investment
UNIT # TYPE RENT SQFT RENT PER FOOT
K 2 + 2 $ 2,600.00 640 $ 4.06 L 2 + 2 $ 2,800.00 640 $ 4.38 (WITH ROOF DECK)
FIRST FLOOR SECOND FLOOR floor plans PAGE 15 | KOENIG PROPERTIES PAGE 90029 OXFORD ELEVEN benefitsfrombeingsituatedon the border of vibrantandglamorous in aresidentialenclaveof employment opportunities. itself, Hollywoodistheepicenteroftrendingcultural, dining,andentertainmentexperienceswhileitalsocreatesnewcommercial INTRODUCING EAST HOLLYWOOD 945 NORTH OXFORD HOLLYWOOD, CA. location . The propertyiscentraltothebestofwhatthis cityoffers.Alwaysreinventing HOLLYWOOD while nestled
PAGE 16 | KOENIG PROPERTIES ON ANY NIGHT, drop by for a martini at MUSSO & FRANK GRILL, Hollywood’s oldest restaurant and a favorite haunt for the likes of Charlie Chaplin and Marilyn Monroe. The white table cloths, wood and leather interiors, and red-bolero-jacketed wait staff scream old Hol- lywood, but don’t be surprised to find George Clooney or Julia Roberts in the neighboring booth chatting about their next project with Netflix. Speaking of, just a mile away, rapidly growing Netflix recently expanded its footprint, creating jobs and taking over most of Sunset Bronson Studios’ 11-acre lot. Nearby iconic Paramount Pictures studio has also expanded its cultural reach by transforming its lot into a scene for Paris Photo and Frieze international art fairs.
points of interest GRIFFITH PARK • GRIFFITH OBSERVATORY • BARNSDALL ART PARK • PALLADIUM GREEK THEATER • HOLLYWOOD BOWL • HOLLYWOOD FARMER’S MARKET • HOTEL CAFE HOLLYWOOD FOREVER CEMETERY • AMOEBA RECORDS • ARCHLIGHT CINEMAS NEUEHOUSE • THE MAGIC CASTLE • PANTAGES THEATER • WILSHIRE COUNTRY CLUB UPRIGHT CITIZEN’S BRIGADE • BEVERLY HOT SPRINGS • THE HOTEL ROOSEVELT HOLLYWOOD AND HIGHLAND • THE LINE HOTEL • HOTEL CAFE
local gem HOTEL CAFE After some old culture, industry culture, and high culture, find yourself at the HOTEL CAFE—also known as the musician’s music venue for its understated intimate setting. Adele, John Mayer, Ed Sheeran, Leonard Cohen have made appearances, and yes, this space has even brought out the singer-songwriter in Justin Timberlake. PAGE 17 | KOENIG PROPERTIES PAGE HARVARDSTONE AND hip hotspot theater space, an art gallery, and the offers collegelevelartclassesandoneofthecity’sbestchildren’sprograms.Ithousesaperformance JUST EAST,perchedonahillwithviewoftheHollywoodsign,BARNSDALLPARK ART cutting edgeresearch,andinnovativetherapies. LOS ANGELES.Thisaward-winningfacilityiswellregardedforitsbreadth ofpediatricspecialties, neighborhood boastsaworldclasspediatricacademicmedical center, CHILDREN’SHOSPITAL tory themedbar, withitsexposedindustrialchicbrickandairducts.Butit’snotallfungames,this cocktails andenjoylivemusic,aDJset,orjustchillintheback“boss’office”ofthis1930’sera,fac- After thesunsets,ifyourinnernightowlcravesmore,headtoHARVARDSTONE forstellar AND in 1921byFrankLloydWright. Packapicnic,flykite,partakeinthesummerduskwinetastingevents. community outside ofThailand. salad. Yes, foodcangetthatregionalwhenyoulive astone’sthrowfromthelargestThai Zealand mussels served in a traditional open fire pot or the crispy morning glory option anxietyifyouletthecolorful proprietress,Jazz,guideyouthroughdisheslikeNew southern Thaifood?Downthe way,JITLADA’S 300-itemmenuwon’tleave you with epitome ofstripmallgem—“may bethebestlunchroominHollywood.”Inmoodfor Gold reviewedSAPP COFFEE SHOP; hesuggestedthismomandpopeatery—the MARKETS andlaudedrestaurants.ThelatePulitzerPrizewinningfood criticJonathan NORTHTO isTHAI TOWN THE , hometoexoticingredientsfromASIAN HOLLYHOCK HOUSE, a UNESCO World Heritage Site built
PAGE 18 | KOENIG PROPERTIES now standsatthesiteofhisassassination—theoldAmbassadorHotel. grounds. TheROBERT F. KENNEDY MEMORIALON WILSHIRE BOULEVARD gilded bar on the other side. Don’t let the pop culture fool you though, a rich history haunts these you findanunmarked,camouflageddooralongyourway,curiositycouldleadtoadecadent adventure intoanotherculturethatwillleaveyouthinkingjustcamebackfromSeoul.If satiated. of manypristineKoreansupermarketswillleaveeveryoneatthedinnertablefeelingjustas ing whilegrabbingsushigradefish,freshinternationalproduce,andcutsofWagyu fromone neighborhood. JamesBeardnominatedPARK’S BARBEQUE isonthehighendofdin- as royalweddinghatsandcoffeehousescanbefoundoneveryblockofthethis3-squaremile bbq tellyoueverythingneedtoknow. Latenightdessertshopswithcakesthatcandouble all butdisappeared.Nottoworry,Instagram-readystorefrontsandwaftsofopenflameKorean HEAD SOUTHandyou’llfindtheheartofKOREATOWN whentheEnglishsignagehas K-TOWN MALLS, withflairforhome,lifestyleandbeautyproductsalsoofferan PARK’S BARBEQUE high enddining
SALT &STRAW •CAROUSELPROVIDENCE THE SPARE ROOM THE KNOW WHERE BAR •SUGARFISH TLAYUDA LARESTAURANT MUSSO AND FRANKGRILL•SAPPCOFFEESHOPSQUARE ONE PARK’S BBQ•DESANOPIZZABAKERY •FROLICROOMJITLADA SQIRL •SUNSET& VINYL •PETITE TROIS •SASSAFRAS SALOON restaurants &bars
PAGE 19 | KOENIG PROPERTIES CHEVALIER’S BOOKS neighborhood treasure neighborhood needsaswankyrestaurant. in LosAngeles.Thestrolling,browsing,andwarriorposingwillsurelybuildyourappetiteaswanky to breath work,holdingdownwarddog,oraheadstandiswhereyoufindyourstrength(andpeace),look at way toLARCHMONTVILLAGEandbrowseacuratedcollectionofbookstheeventscalendar GETTY HOUSE.LegendsMuhammadAliandNatKingColealsocalledthisareahome.Makeyour Kaling, GeorgeTakei, MaxineWaters, ortheMayorwhoseofficialresidenceisaTudor Revivalcalledthe tate, thesehomesareasourceofawe,andduringanafternoonmeanderyoumaycrosspathswithMindy tecture. Whetherit’saFrenchchateau,SpanishColonial,anItalianrevival,orEnglishcountryes- find luxurious,wide,tree-linedstreetsandlarge,residentiallotsfamedfortheirEuropeanrevivalarchi- In swankyhistoricalHANCOCKPARK, YOGAWORKS CENTERFOR YOGA—founded in1967,it’sthefirstyogastudiotoopen CHEVALIER’S BOOKS;establishedin1940,it’stheCity’soldestindependentbookstore.If IT’S A HOLLYWOOD INSTITUTION. restaurant isonthenorthside ofMELROSEAVENUE, whichmeans,technically, we’ve nowcomebackfullcircle to,youguessedit—Hollywood.SorryHancockPark,the restaurants ofnorthernCalifornia (yes,wecompeteabitwithourNorCalsibling).And James BeardAward forBestChef:West (coastthat is),beatingoutallthe3-StarMichelin you can’tblamethemespecially sinceExecutiveChefMichaelCimarustijustwonthe 2-Star Michelin, sustainable fish forward, tasting menu restaurant its own. And really, HANCOCK PARK residentswillfighttoothandnailtoclaim PROVIDENCE, the LARCHMONT, andWINDSORSQUARE, you’ll
PAGE 20 | KOENIG PROPERTIES near by significant developments
5601 SANTA MONICA BLVD. distance: .28 miles / 1 minute driving time
Currently under construction by CIM Group, this long awaited, mixed use retail and apartment development is projected to be completed sometime in 2019. The development will include building 375 of rental housing on upper floors & retail space on the lower floors. This project will have a big footprint in the area with approximately 20,000 square foot rooftop park and 370,000 square foot of retail and restaurant space.
6100 HOLLYWOOD BLVD. distance: 1.10 miles / 2 minutes driving time
Located at the corner of Hollywood & Gower, on the eastern end of the Hollywood Walk of Fame, right next to the Fonda Theater. This 21 story tower will have restaurant, retail and 220 rental apartment units. Construction is said to get underway as soon as 2020. PAGE 21 | KOENIG PROPERTIES PAGE regarding these mattersandmakes nowarrantyorrepresentation whatsoeverregarding theaccuracy orcompletenessofthe informationprovided. Allpotentialbuyersmust takeappropriatemeasures The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Koenig Properties has not verified, and will not verify, any of the information contained herein, nor has Koenig Properties conducted any investigation and improvements,the presenceorabsenceofanytypecontaminating substancesandthephysicalcondition oftheimprovementsthereon. investigation. KoenigProperties hasnotmadeanyinvestigation,and makesnowarrantyorrepresentation,withrespect totheincomeorexpensesfor thesubjectproperty,futureprojectedfinancial performanceoftheproperty,size andsquarefootageoftheproperty This MarketingBrochure hasbeenpreparedtoprovidesummary,unverified informationtoprospectivepurchasers, andtoestablishonlyapreliminary levelofinterestinthesubjectproperty. Theinformationcontainedhereinisnotasubstituteorthoroughduediligence f continued 1020 N VERMONT AVENUE1020 subway station. Freeway andeasywalkingdistancetoMetro’sHollywood andWestern pool andsomebalconiesconvenientlocation asit’snearbythe101 2020. Thedevelopmentwilloffertheresidents arooftopterrace, project isunderconstructionandexpectedcompletion slatedforJuly this mixed use seven story apartment complex and street level retail This emptysiteisfinallyshowingsignsoflifeas thedevelopmentof distance: .90miles/3minutesdrivingtime 5750 HOLLYWOOD BLVD. Line station. City CollegeandacrossthestreetfromVermont/Santa MonicaRed Monica, intheheartofEastHollywood,justupstreetfromLA up to1,200people.IdeallocationatthecornerofVermont &Santa impressive 10,000 squarefootmusicvenue that’s equippedtohold standard fortheultimateconcert&eventgoingexperiencewithit’s Projected tobe completed in2019this venue willbecome the gold distance: .83miles/2minutesdrivingtime toverifyall oftheinformationset forthherein
.
PAGE 22 | KOENIG PROPERTIES REPRESENTING INCOME PROPERTY OWNERS SINCE 1982
ED KOENIG, a Southern California native and Real Estate Broker has been representing Income Property Owners since 1982. With a sales volume nearing $500 MILLION in total production he’s no stranger to all aspects Real Estate. His client database includes first time investors to high profile clients, along with many large portfolio holders and reputable builders and developers in the Greater
NORTH OXFORD, HOLLYWOOD OXFORD, 945 NORTH Los Angeles area. Ed and his team are committed to providing the elite service and attention that every client expects.
Are you expanding your portfolio, liquidating assets, exchanging/trading equity or would like to know more about land development opportunities, call Ed and his team for a private consultation.
contact DIRECT 818.903.8088 / OFFICE 818.755.8088 [email protected]
11BRNAD NEW LUXURY TOWNHOUSE STYLE TOWNHOUSE STYLE NEW LUXURY 11BRNAD CA. IN HOLLYWOOD, LOCATED APARTMENTS KOENIG PROPERTIES | NORTHRIDGE CA 91325 DRE 00831815 / DRE: 00984953