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This Property Has Been in the Family for Over 75 Years. the Charming Farmhouse, Built in 1902, May Be One of the Oldest Homes in the San Fernando Valley

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This Property Has Been in the Family for Over 75 Years. the Charming Farmhouse, Built in 1902, May Be One of the Oldest Homes in the San Fernando Valley This property has been in the family for over 75 years. The charming farmhouse, built in 1902, may be one of the oldest homes in the San Fernando Valley. Moved from Hollywood, over the Cahuenga Pass via horse and carriage, in 1922. Once in it's present location, next to the Los Angeles River, it was part of a functional farm for several decades. The property was named the “Sherman Oaks Garden Triangle” as an homage to the owner, Ernest Giannos’, whose legendary garden was well known throughout the valley – many of the fruit trees are still producing on the property today. Louise Long, Ernest’s sister-in-law, also located her business here, where it is still run by Nan- cy Astrachan, Louise’s niece. “Louise Long’s Contouring Studio” was a required stop for fa- mous actresses looking to preserve their faces and bodies for the cameras. The film studios routinely sent their biggest stars there; from Marlene Dietrich and Joan Crawford, to Raquel Welch, Farrah Fawcett and Jane Fonda. Louise Long’s never advertised but was international- PRIME SHERMAN OAKS INVESTMENT OWNER-USER DEVELOPMENT OPPORTUNITY OFFERED AT: $4,600,000 RARE OPPORTUNITY! IDEAL CORNER LOCATION MIXED-USE BUILDING GOOD UPSIDE POTENTIAL A DESTINATION TO THE STARS FOR MORE INFORMATION, CONTACT: PAUL LEVINE BRAD WISEMAN 818-298-4000 818-880-9900 PINNACLE COMMERCIAL The information contained herein is deemed reliable. Neither owner or agent herein makes any warranties or rep- resentations as the accuracy of the information contained herein. Buyer is strongly advised to verify all information pertaining to this offering with the consultation of applicable professionals (property inspectors, accountants, attorneys, etc.) OFFERING SUMMARY Location 13302 Moorpark Street Sherman Oaks, CA Offering Summary Price $4,600,000 Proforma Gross Annual Income $302,450 Prime Mixed-Use Property Annual Expenses (Inc Prop 13) 65,000 N.O.I. @ 100% Occupancy 237,450 Capitalization Rate 5.16% Gross Rent Multiplier 15.21 Price Per Square Foot (Improvements) $588 Price Per Square Foot (Land) $236 Net Rentable Area 7,872SF Lot Size (Acres) 19,500 SF or .45 acres FOR MORE INFORMATION, CONTACT: PAUL LEVINE BRAD WISEMAN 818-298-4000 818-880-9900 PINNACLE COMMERCIAL The information contained herein is deemed reliable. Neither owner or agent herein makes any warranties or rep- resentations as the accuracy of the information contained herein. Buyer is strongly advised to verify all information pertaining to this offering with the consultation of applicable professionals (property inspectors, accountants, attorneys, etc.) LEASE SUMMARY TENANT SQUARE FEET CURRENT RENT MARKET RENT Liquor Store 2,000 SF $34,250 $60,000 Hair Salon 1,000 SF 9,300 30,000 Barber Shop 1,000 SF 9,300 30,000 Louise Long’s 2,000 SF Owner Occupied 60,000 Guest Cottage 360 SF Owner Occupied 9,600 2 Bedroom House 1,512 SF Owner Occupied 54,000 Sign Income 6,000 ————————————————————————————————————-- Totals: 7,872 SF $52,850 $302,450 Market rent showing herein is based upon our best estimates and is not guaranteed. Buyer is strongly advised to perform its own investigations as to what current market rents and should rely solely upon its own investigations. FOR MORE INFORMATION, CONTACT: PAUL LEVINE BRAD WISEMAN 818-298-4000 818-880-9900 PINNACLE COMMERCIAL The information contained herein is deemed reliable. Neither owner or agent herein makes any warranties or rep- resentations as the accuracy of the information contained herein. Buyer is strongly advised to verify all information pertaining to this offering with the consultation of applicable professionals (property inspectors, accountants, attorneys, etc.) SHERMAN OAKS—AREA INFORMATION Sherman Oaks Census Information SHERMAN OAKS—AREA INFORMATION Sherman Oaks is a neighborhood in the San Fernando Valley region of Los Angeles, California, founded in 1927 with boundary changes afterward. The neighborhood includes a portion of the Santa Monica Mountains, which gives Sherman Oaks a lower popu- lation density than some other areas in Los Angeles. A partner of the Los Angeles Suburban Homes Company, Gen. Moses Hazeltine Sherman, developed Sherman Oaks. The company had subdivided 1,000 acres (400 ha) of land that would become Sherman Oaks. In 1927 each acre was sold for $780.[1] Sherman's other major venture was the Los Angeles Pacific Railroad. In 1991, a group of homeowners living in the Chandler Estates area successfully petitioned former Los Angeles City Councilmember Zev Yaroslavsky to re-draw the boundaries of Sherman Oaks from Magnolia to Burbank Blvd to the north, and from Coldwater Canyon to Van Nuys Blvd to the west, with the goal of including their neighbor- hood. This request was not anything new to the San Fernando Valley; other neighborhoods had either sought to change their names, or sought to attach themselves onto more affluent neighborhoods to escape from what they saw as growing urban blight and the collapse of their social status.[2] Residents in the area argued, however, that the area was originally part of Sherman Oaks, but was labeled Van Nuys instead through the creation of ZIP codes in 1962; some residents were able to produce a few property deeds to present their case.[3] Just a few weeks after the Chandler Estates area successfully seceded from Van Nuys, Magnolia Woods, a 45 block area bordered by Van Nuys Boulevard on the east and the San Diego Freeway on the west, and between Burbank and Magnolia Boulevards, also successfully petitioned Los Angeles City council member Marvin Braude to secede from Van Nuys and join Sherman Oaks. Petitioners in the area argued that their neighborhood was also part of Sherman Oaks, though they were only able to produce 22 deeds showing so. As a result of this change, Van Nuys Middle School became separated from its namesake neighborhood. Finally, in 2009, the Los Angeles City council voted to redraw neighborhood boundaries again to allow an area of about 1,800 homes in Van Nuys to be included. This proposal attracted criticism from locals. As of the 2010 census, according to the San Fernando Valley Almanac, Sherman Oaks had a population of 52,677 people and 25,255 households. The racial makeup of the neighborhood was 82% non-Hispanic white, 5% Asian American and 3% African Amer- ican; 11% were Hispanic or Latino of any race. Other races made up less than 1% . LAUSD schools within the Sherman Oaks boundary include: Van Nuys Middle School. The school was in the Van Nuys community until 1991, when City Council mem- ber Marvin Braude directed that a 45-block area that included the school be renamed as part of Sherman Oaks. The school continued to use the name "Van Nuys Middle".[13] • Kester Avenue Elementary School • Chandler Elementary School Robert A. Millikan Middle School • Sherman Oaks Elementary • Dixie Canyon Avenue Elementary • Riverside Drive Elementary School Charter schools within the Sherman Oaks boundary include: • Ivy Bound Academy for Math, Science, and Technology on Morrison Street Community Harvest Charter School, closed in 2012 Portions of Sherman Oaks, including Magnolia Woods, are zoned to Van Nuys High School in Van Nuys.[14] Other portions are zoned to Grant High School in Valley Glen.[1] .
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