7901 W SUNSET BLVD., LOS ANGELES, CA 90046 SUNSET BLVD FAIRFAX AVE CONFIDENTIAL OFFERINGCONFIDENTIAL MEMORANDUM GENERATIONAL OPPORTUNITY FOR MIXED-USE DEVELOPMENT SITE ON SUNSET STRIP This Memorandum (“Offering Memorandum”) has been prepared by Hudson Partners based on information that TABLE OF CONTENTS was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; SECTION ONE 04 subject to correction of errors, omissions, change of price, EXECUTIVE PROFILE prior sale, or withdrawal from market without notice. This Memorandum is being delivered to a limited number of SECTION TWO 10 parties who may be interested in and capable of purchasing PROPERTY INFORMATION the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the SECTION THREE 24 prior written consent of Hudson Partners, and it will keep MARKET OVERVIEW permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the © 2017 Hudson Commercial Partners, Inc. The information contained in Property or the Owner since the date of preparation of this this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Memorandum. Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to This Memorandum is being delivered by Hudson Partners independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do to prospective purchasers with the understanding that all not represent the current or future performance of the property. The prospective purchasers will conduct their own independent value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and investigation of those matters, which they deem appropriate your advisors should conduct a careful, independent investigation of the in order to evaluate this offering. Additional information and property to determine to your satisfaction the suitability of the property for your needs. an opportunity to inspect the site will be made available Hudson Commercial Partners, Inc. logo are service marks of Hudson to interested and qualified prospective purchasers. Hudson Commercial Partners, Inc. and/or its affiliated or related companies in Partners reserves the right to request the return of any or all the United States and other countries. All other marks displayed on this document are the property of their respective owners. of the information enclosed. 2 3 Current Use: ARCO Gas Station Current Improvements: Phase I & II ESA’s were recently completed. Phase II 7901 BLVD report states “there is no evidence of a release of hazardous materials to the W. SUNSET subject property from the current/former on-site gasoline service stations at this time.” Price Undisclosed. Zoning: C4-1D* SITE DETAIL FAR: 1:1 (3:1 Density Bonus)* Address: 7901 W. SUNSET BLVD., Los Angeles, CA 90046 Height Limit: None* County: Los Angeles Entitlement Status: Not Entitled APN: 5551-018-020 Council District: Council District 4, David Ryu Lot Size: ±20,735 SF Neighborhood Council: Hollywood Hills West Traffic Count: ±90,000 Typography: Flat 4 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 5 *subject to pending zone change OWNER/USER PROPERTY DESCRIPTION EXECUTIVE SUMMARY PROPERTY HIGHLIGHTS Hudson Partners is pleased to present a high profile, mixed-use or hotel • Once in a lifetime opportunity to purchase a prominent development site on development site at the northwest corner of Sunset Boulevard and Fairfax Avenue the world famous Sunset Boulevard located in the epicenter of Hollywood and in a highly-coveted Hollywood/West Hollywood submarket. The 7901 Sunset West Hollywood city border. Boulevard development opportunity is situated on an approximately 21,000 square foot parcel. The subject site is strategically located on the hard corner • Potential for a variety of multifamily and retail uses. of Sunset Boulevard and Fairfax Avenue and benefits from excellent visibility on one of Los Angeles’ most prominent thoroughfares, Sunset Boulevard, with • The trophy site is situated on one of the most rarely traded stretches of Sunset traffic counts of more than 90,000 cars per day. Boulevard and some of Los Angeles most notable hotels are within walking distance such as Chateau Marmont, Andaz West Hollywood, Chamberlain The property’s zoning allows for a variety of development possibilities by- West Hollywood Hotel, Mondrian, Grafton, The London and the Standard. right. In particular, it may be developed for residential, retail, hotel, office or any combination of these product types. This prominent site is zoned C4-1D • Sunset Boulevard features some of the most fashionable names in retail and “General Commercial.” Developer has an opportunity to increase the FAR to 3:1 is also home to trendy restaurants and cafes. Just minutes to the west of ratio with a variance. 7901 Sunset is the chic ‘Sunset Plaza’ featuring Armani Exchange, Catherine Malandrino, H. Lorenzo, BCBG, Calypso, Dolce & Gabbana, La Clafoutis, Il 7901 Sunset development site’s strategic location is adjoining some of Los Sole, Cafe Med and many more. Angeles’ most sought after submarkets of Hollywood and West Hollywood. Situated just East of Sunset and Crescent Heights Boulevards to the approved • Population: 3 mile radius – 249,864 people , Average Household Income: Frank Gehry’s 300,000 square foot project at 8150 Sunset Boulevards which $114,832 and Traffic Counts: Sunset Blvd & Crescent Heights Blvd - 90,063 has been hailed as the new gateway to the Sunset Strip. This section of the Sunset Strip has an affluent neighborhood, home to some of the most expensive • A Developer has an opportunity to increase the current FAR to 3:1 ratio and residences, the chicest restaurants, hotels and shops in Los Angeles. creating additional project density similar to the 7950 Sunset Boulevard mixed use project. This densely populated infill location is surrounded by exceptionally affluent residential communities including Beverly Hills, West Hollywood and Hollywood • Phase I & II ESA’s were recently completed. Phase II report states “there is no Hills. It boasts strong 3-mile demographics including a population of over evidence of a release of hazardous materials to the subject property from the 245,000 people and average household incomes of over $110,000. current/former on-site gasoline service stations at this time.” 6 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 7 8 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 9 SECTION 2 | PROPERTY INFORMATION THE SUNSET PLAZA PLAT MAP AERIAL OVERVIEW 12 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 13 This is an informational map provided for reference purposes only. It is not adopted as a part of the Legend: Hollywood Community Plan. Single Family Residential Legend: DRAFT Multiple Family Residential Hollywood Signage District Supplemental Use District (SUD) High Medium & High Density Residential Historic Preservation Overlay Zones (HPOZ) Commercial Specific Plan Areas Industrial Vermont-Western Station Neighborhood Area Plan (Transit Oriented District) Open Space Metro Rail Portal Public Facilities Metro Rail Portal Barham Bl Barham Bl Mulholland Scenic Parkway Specific Plan (Outer Corridor) Hollywoodland Specific Plan Av Whitley Heights Hillhurst Av HPOZ Av Rowena Av Av Rowena Av Av Av ermont Hillhurst V Av Franklin Av ermont Franklin Av V Hyperion Av Av Bronson Hyperion Av Bronson estern Hollywood Bl Vermont-Western W Wilton Pl Hollywood Bl Wilton Pl Tr ansit-Oriented Selma Av Selma Av Cahuenga Bl Sunset Bl Normandie District Av Sunset Bl Av ne St Cahuenga Bl Av Av Vi Fountain Av Av Fountain Av Hollywood SignaAv ge Av Spaulding Av ne St Highland Av Gower Highland Vi DRAFT District estern rgil Square Gower W Vi Santa Monica Bl Normandie Av Santa Monica Bl HPOZ La Brea La Brea Av Av Av Fairfax Av Melrose Hill HPOZ Av an Ness Hoover rgil V an Ness Melrose Av Vi V Melrose Av Hoover La Cienega Bl Map 1 Hancock Park Map 5 HPOZ Hollywood Community Plan Av Hollywood Community Plan This is an informational map provided for reference purposes only. La Cienega Bl Fairfax OVERLAY ZONES, SPECIFIC PLANS & SUPPLEMENTAL USE DISTRICTS It is not adopted as a part of the Hollywood Community Plan. PROPOSED GENERALIZED LAND USE Los Angeles City Planning Department • Graphic Services Section • December 2008 Not to Scale N 14 - HUDSON COMMERCIAL PARTNERS, INC. Los Angeles City Planning Department • Graphic Services Section • December 2008