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Sale: 3,395,000.00 RESTAURANT for SALE 11938

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Sale: 3,395,000.00 RESTAURANT for SALE 11938 RESTAURANT FOR SALE Sale: 3,395,000.00 Property Highlights: 11938 - 11940 W. Pico Blvd, Los Angeles, CA 90064 Zoning LA-C2 Structure Size +/- 3,522 SF Lot Size +/- 4,396 SF APN # 4259-039-012 Built 1940 Rehab Fully Rehabbed in 2018 Seating Capacity +/- 110 Restaurant to be delivered vacant and opera- tional Property was rehabbed from ground up in 2018 Central W. LA location Close to the 10 FWY on and off ramps +/- 0.25 mile distance (six blocks) to the Bundy/Exposition Metro station Type 47 liqueur license available for sale separately For more information please contact: Eddie A. Safa DRE# 01384205 c. 310.500.5990 e. [email protected] Attached data are based on information provided by others, which are believed to be accurate. No guarantee, warranty or representation is made by Coldwell Banker Coldwell Banker Realty Realty, its employees, or agents in respect to the validity of the data. All interested parties are responsible to verify the accuracy of the information independently. Any 1917 Hillhurst Ave. projections, assumptions, opinions or estimates are used for example only and do not represent the current or future performance of the subject property. All interested Los Angeles CA 27 parties shall seek independent legal, financial, tax and toxic substance advice to determine the suitability of the subject property for their needs, including land use limi- T. 310-500-5990 F. 213-748-6800 tations. The property is subject to prior lease, sale, price change or withdrawal from the market without any prior notice. DRE# 00616212 PROPERTY & LOCATION DESCRIPTION 11938 - 11940 W. Pico Blvd, Los Angeles, CA 90064 AXES Group Inc presents the property located at 11938 W. Pico Blvd, Los Angeles, CA 90064. Subject property is located in the sought after Sawtelle district of West Los Angeles. Numerous new developments have been built or have started construction with more new construction planned within a short distance of the subject property. The new developments in the area consist of residential, commercial or mix use properties. One of the new developments is adjacent to the subject Property with +/- 92 residential components and +/- 15k-20k SF street level commercial space. Subject boasts proximity to the new Google complex (+/-1 mile) , Mar Vista, UCLA, Santa Monica College, the 10 FWY, the 405 FWY and it is located within a few blocks from the exposition metro station. 90064 has a total population of approx. 25,403 (2010 consensus). Sawtelle is a district in the Westside of the city of Los Angeles, California, partially within the West Los Angeles sub region like the Palms dis- trict, that may refer to a larger district that is part of the city of Los Angeles, a smaller unincorporated area of the County of Los Angeles that by definition is not part of the municipality of Los Angeles, or a combination of these, sometimes known as the Sawtelle area. The name "Sawtelle" has also been used to refer only to the Veterans Administration complex, including the modern hospital (West Los Angeles Medical Center) and north of Wilshire Boulevard, the former site of the historical Sawtelle Veterans Home and outbuildings. This area is on unincorporated land west of the Interstate 405 freeway. The entire Sawtelle area includes portions of zip codes 90049, 90064, and 90025 and all of zip code 90073 (a P.O. zip code within the 90025 area, used exclusively by the West Los Angeles Medical Center/Veterans Affairs Wadsworth Medical Hospital). The community was initially established in 1899 and named after a manager of the Pacific Land Company that initially was responsible for its develop- ment and promotion. The incorporated (i.e., municipal) area of Sawtelle, which lies to the south of the unincorporated area, includes the Sawtelle neighborhood, a 1.82- square-mile (4.7 km) district of the city of Los Angeles. This district (see below for history), was at one time an independent municipality, but it Attached data are based on information provided by others, which are believed to be accurate. No guarantee, warranty or representation is made by Coldwell Banker Coldwell Banker Realty Realty, its employees, or agents in respect to the validity of the data. All interested parties are responsible to verify the accuracy of the information independently. 1917 Hillhurst Ave. Any projections, assumptions, opinions or estimates are used for example only and do not represent the current or future performance of the subject property. All Los Angeles CA 27 interested parties shall seek independent legal, financial, tax and toxic substance advice to determine the suitability of the subject property for their needs, including T. 310-500-5990 F. 213-748-6800 land use limitations. The property is subject to prior lease, sale, price change or withdrawal from the market without any prior notice. DRE# 00616212 PROPERTY & LOCATION DESCRIPTION (continued) 11938 - 11940 W. Pico Blvd, Los Angeles, CA 90064 was consolidated with Los Angeles in 1922. The area extends about 1.0 mi (1.6 km) to either side of Santa Monica Boulevard, running westward about 1.3 miles (2.1 km) from the California Interstate 405 freeway (San Diego Freeway) and Sawtelle Boulevard, toward the city of Santa Mon- ica. Within this incorporated (city) district lies a Japanese American community and business district along Sawtelle Boulevard, as well as the Jap- anese Institute of Sawtelle. The city has put community signs Sawtelle Japantown for this area on April 1, 2015. The smaller unincorporated (non-municipal) area of Sawtelle, about half the area of the incorporated area, consists of 576.5 acres, or 0.90 SQ mi (2.3 km), and it is completely surrounded by the city of Los Angeles. On the south, the unincorporated area abuts the Sawtelle city district that is now a part of West Los Angeles and the greater city of Los Angeles. On the north, it is bordered by Brentwood and Westwood. This unincorpo- rated area consists of six parcels near the intersection of the San Diego Freeway and Santa Monica Boulevard, owned either by the US government or the state of California. A private utility company owns the seventh parcel. This area is under the zoning and governmental control of the Los Angeles County Board of Supervisors within the Third Supervisorial District. This unincorporated area contains the major Wilshire Federal Build- ing, the Los Angeles National Cemetery for veterans, the Wadsworth VA Hospital/West Los Angeles Medical Center, the site of a former major veterans home, and many smaller federal office buildings. Attached data are based on information provided by others, which are believed to be accurate. No guarantee, warranty or representation is made by Coldwell Banker Coldwell Banker Realty Realty, its employees, or agents in respect to the validity of the data. All interested parties are responsible to verify the accuracy of the information independently. 1917 Hillhurst Ave. Any projections, assumptions, opinions or estimates are used for example only and do not represent the current or future performance of the subject property. All Los Angeles CA 27 interested parties shall seek independent legal, financial, tax and toxic substance advice to determine the suitability of the subject property for their needs, including T. 310-500-5990 F. 213-748-6800 land use limitations. The property is subject to prior lease, sale, price change or withdrawal from the market without any prior notice. DRE# 00616212 AERIAL MAP 11938 - 11940 W. Pico Blvd, Los Angeles, CA 90064 Attached data are based on information provided by others, which are believed to be accurate. No guarantee, warranty or representation is made by Coldwell Banker Coldwell Banker Realty Realty, its employees, or agents in respect to the validity of the data. All interested parties are responsible to verify the accuracy of the information independently. 1917 Hillhurst Ave. Any projections, assumptions, opinions or estimates are used for example only and do not represent the current or future performance of the subject property. All Los Angeles CA 27 interested parties shall seek independent legal, financial, tax and toxic substance advice to determine the suitability of the subject property for their needs, including T. 310-500-5990 F. 213-748-6800 land use limitations. The property is subject to prior lease, sale, price change or withdrawal from the market without any prior notice. DRE# 00616212 ZONING MAP 11938 - 11940 W. Pico Blvd, Los Angeles, CA 90064 Attached data are based on information provided by others, which are believed to be accurate. No guarantee, warranty or representation is made by Coldwell Banker Coldwell Banker Realty Realty, its employees, or agents in respect to the validity of the data. All interested parties are responsible to verify the accuracy of the information independently. 1917 Hillhurst Ave. Any projections, assumptions, opinions or estimates are used for example only and do not represent the current or future performance of the subject property. All Los Angeles CA 27 interested parties shall seek independent legal, financial, tax and toxic substance advice to determine the suitability of the subject property for their needs, including T. 310-500-5990 F. 213-748-6800 land use limitations. The property is subject to prior lease, sale, price change or withdrawal from the market without any prior notice. DRE# 00616212 PARCEL MAP 11938 - 11940 W. Pico Blvd, Los Angeles, CA 90064 Attached data are based on information provided by others, which are believed to be accurate. No guarantee, warranty or representation is made by Coldwell Banker Coldwell Banker Realty Realty, its employees, or agents in respect to the validity of the data. All interested parties are responsible to verify the accuracy of the information independently. 1917 Hillhurst Ave. Any projections, assumptions, opinions or estimates are used for example only and do not represent the current or future performance of the subject property.
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