BRANDON MICHAELS GROUP W. PICO BOULEVARD 8600 West Pico Boulevard . Los Angeles, CA 90035 INVESTMENT ADVISORS BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710
[email protected] License: CA #01434685 www. BrandonMichaelsGroup .com BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM W. PICO BLVD 16830 Ventura Blvd. Suite 100, Encino, CA 91436 www.marcusmillichap.com 2 PROPERTY OVERVIEW FINANCIALS COMPARABLES S. HOLT AVE AREA OVERVIEW 3 ADJACENT TO CENTURY CITY Century City is a 176-acre (71.2 ha) neighborhood and business district in Los Angeles’ Westside. Outside of Downtown Los Angeles, Century City is one of the metropolitan area’s most prominent employment centers, and its skyscrapers form a distinctive skyline on the Westside. Important to the economy are the Westfield Century City shopping center, business towers, and Fox Studios. WHY BUY ON AFFLUENT NEIGHBORHOOD WEST PICO Demographics: Median Age:36 Average Household Income within a 1-mile radius: $106,883 BLVD Population within a 5-mile radius: 974,970 SIGNIFICANT OPPORTUNITY Extremely rare opportunity to purchase in a transitioning rental market. Significant amount of movement and turnover in the immediate marketplace, creating an opportunity for new concepts to enter the market and position the submarket for the future. 4 BLVD PICO WEST PICO BOULEVARD Pico Boulevard is a major Los Angeles street that runs from the Pacific Ocean at WHY BUY ON Appian Way in Santa Monica to Central Avenue in Downtown Los Angeles, California, USA. Pico runs parallel south of Olympic Boulevard and is one of the southernmost major streets leading into Downtown Los Angeles, running WEST PICO north of Venice Boulevard and south of Olympic Boulevard.