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Echo Park Los Angeles, Ca 1421-1427 W SUNSET BLVD ECHO PARK LOS ANGELES, CA ECHO PARK RETAIL INVESTMENT OPPORTUNITY Lorena Tomb Ty Del Re Principal Senior Associate OR POTENTIAL DEVELOPMENT SITE T: 213.277.7247 ext. 1 T: 213.277.7247 ext. 3 1 [email protected] [email protected] License #: 01894475 License #: 01947880 www.urbanlimeRE.com 1421-1427 1421-1427 W SUNSET BLVD W SUNSET BLVD LOS ANGELES, CA LOS ANGELES, CA OFFERING: Echo Park Retail Investment or Development Opportunity URBANLIME Real Estate is pleased to present the outstanding opportunity to pur-chase the fee simple interest at 1421 – 1427 W Sunset Boulevard. Located within walking distance to Dodgers Stadium the property consists of a vacant 5,055 square foot building on 13,253 square feet of land with approximately 127 feet of prime street frontage on Sunset Blvd in Echo Park. The property was previously used as retail and is zoned LAC2 which allows for a wide array of Table of Contents commercial uses. The zoning also allows for multi-family and mixed-use de- velopment in one of Los Angeles’s most desirable urban neighborhoods. Offering 3 Property Summary 3 Location 4 PROPERTY SUMMARY Area Highlights 4 Retail Opportunity 6 Address: 1421 -1427 West Sunset Boulevard, Financial Analysis 6 Los Angeles, CA 90026 Amenities Map 7 APN: 5406-010-041 Development Potential 8 Occupancy: 100% Vacant Development Map 9 Gross Building Area: 5,055 SF Features 9 Site Area: 13,253 SF Floorplan 9 Year Built: 1927 Frontage: 127FT Zoned: C2-1VL 2 3 1421-1427 W SUNSET BLVD LOS ANGELES, CA ECHO PARK LOCATION: • Set on the corner of Sunset & Quintero the property is located in the heart of Echo Park with high visibility, heavy trafic, strong retail and a local community consisting of a dense collection of single & multi-fam- ily homes. With easy access to freeways and surrounded by Silver Lake, Atwater Village, Chinatown & Downtown LA, it’s no wonder why this hip and trendy neighborhood is experiencing an inlow of new retail, mixed-use & multi-family developments. AREA HIGHLIGHTS • Located in the center of the vibrant Echo Park Neighborhood on Sunset Blvd • Easy access to 101, 110, 5 and 1 freeways • Rapidly growing area with exciting retail, restaurants and developments, including: Ostrich Farm, Guisados, Trencher, Woodcat Coffee, Cosa Buona’s, Mohawk Bend, Mohawk Collective, Brick Works Echo Park, The Elysian Apartments, MWD redevelopment. • Neighborhood attractions include: Recently renovated Echo Park Lake, Grifith Observa tory & Dodgers Stadium 4 5 10 A 2 cad ce em e 1421-1427 y Lucretia Avenue lac Ro Grafton Street nt P a d onado Terra Lake ShShore Avenue 1 arge W SUNSET BLVD S eservoirCor St Mohawk Street t r rive LOS ANGELES, CA reet u o ECHO PARK D d a 7 Sa C rk o Allesandro Street t A r a cademy Road t lace g n R AMENITIES MAP e P Scott Avenue 6 an loo Street Restaurants/ Coffee lysi Elysian Park Sargent P N Glendale Boulevard E or Academy Water treet Logan Stree Echo Park Avenue 1. Mohawk Bend Montana th Boy RETAIL INVESTMENT OPPORTUNITY Liberty Street d 2. Cosa Buona Street lst ar Lemoyne Street on 3. Eight Fold Coffee Drive 4 Drive Stadium W e e S Mohawk S 3 S g 4. Winsome tr 2 tr d e 1 3 3 e o et • Vacant Retail Opportunity with tremendous street frontage in highly 7 et 5. Guisados 11 McDuff Street R L ec ay ath 5 n 6. Woodcat Coffee Bar desirable retail area in Echo Park 6 Laveta Terrace r io 2 e a t 7. Blue Bottle Coffee eet 8 8 - 5,055 sf of building on large lot Merwin Street 8. Sage Vegan Bistro 1 9 Portia Street Kent Montros 9. Ostrich Farm Bonnie Brae StreStreet 6 - Billboard with existing revenue treet e S W SUNSET BOULEVARD 10. Valerie treet treet Pa 2 Sutherland Street ace rk A 11. Masa enue ve 5 • Convenient on-site parking with ability to add rear parking in back lot. nue ce Santa Yne 1 QUINTERO STREET Coronado Street aterloo Bar / Club z Stree Scot ona venue • Retail repositioning opportunity with well curated tenant mix r emont t Aven 1. Gold Room os t u Co Allison Avenue e R Kent Street Laveta Terra Lilac Terra 2. Little Joy Cocktails •Possibility of demising retail space for multiple smaller tenants Street 1 Laguna Avenue ce 2 3. El Prado Echo Park A 4 • Area rents: $4.50 to $7.00 psf NNN depending on size and use. 4. Button Mash Clinton Echo 5. Short Stop • Phenomenal location near Dodgers Stadium, Silver Lake, Chinatown and W Sunset Blvd Street Park Ridge Way 6. Bar Bandini cout 7. 1642 Lake Vin Scully Avenue Downtown Los Angeles. Belle vue glas Street 3 Venues / Theater / Avenue Stadium Way Dou Events / Landmarks Quintero Street Laveta Terrace West Kensington Road W allace Avenue 3 Innes Avenue 1. Echo Park Lake geware Road Kellam Avenue Lilac Terrace 2. Dodgers Stadium FINANCIAL ANALYSIS – PRO FORMA d 4 E 6 3. The Echo & Echoplex - 4. Machine Project West 5 Annualized Operating Data Carroll A 5 d 5. Carroll Avenue in Angelino enue a venue Heights (Victorian Homes) INCOME PRO FORMA ($72 PSF NNN) PRO FORMA ($60 PSF NNN) enue enue Calumet Avenue 6. Elysian Park enue are Ro w F osemo Hollywood Freeway igue Potential Rent (NNN basis) $363,960 $303,300 reet treet Bellevue Avenue roa T Shopping errace Marview Avenue Temple Street ast Edge 1. Sunset Beer Less Vacancy (3%) $10,918 $30,330 estlak 7 E ion Avenue Mountain V Mar Everett St 2. Myrtle on Avenue Street Billboard Revenue (actual) $9,600 $9,600 Cortez Street White Knoll Drive 3. Esqueleto ue Bo 4. Ali Golden North Bonnie Brae Street Dawson s Street Belmont Ave to Effective Net Income $362,642 $282,572 n Street 5. Permanent Record North Burlingt Street nion Aven Welcom 4 North Beaudry Avenue 6. The Ampal Creative Dawson Laveta Terrace 7. Hot Cactus entennial >> With additional rental upside on patio and parking revenue. C North U 8. Echo Park Time Travel Mart e Street nue Street Street on Street Sou Rockwood Street West Court Street Patt t Market / Grocery ay eew Fr 1. Cookbook Los Angeles sit an East Edgeware Road Tr 2. Whole Food Market 365 d an Rockwood Street Colto y 3.Lassens Firmin Street a n Street North Bixel Stree ew re F Dawson Street r veland Street o rb 6 t a Cle 7 7 Beaudry Avenue H North Boylston Street cott A Berkeley Avenue de Street v rk enue ca a Allesandro A Angelus A et Park Driv P venue A sian ce cad ce Lemoyne Street Ely McCollum em ore A Lucretia Avenue e y onado Stre Lucretia Avenue RoRo r laclac Grafton Street Co nt P a d onado Terra Lake ShShore Avenue arge ReservoirCor St S t t Mohawk Street t r rive rive reetloo Street uu o o reet o D d a C C Sa C rk o Allesandro Street tt A r aa cademy Road ce Water tt lacelace g n RR e P P Scott Avenue anan loo Street lysilysi Elysian Park eet Sargent P N GlendaleGlendale Boulevard Boulevard E Academy tr or Water Logan Stree Echo Park Avenue th Boy Liberty Street Montana d y Street lstlst Lemoyne Street onon Drive Drive Drive Drive Stadium W e e e e S S S MohawkMohawk SS S gg tr tr tr tr Boulevard dd e e e Sunset o e et et et B et McDuff Street R L Mar ec n ay ath Laveta Terrace ioio on Str Lemoyne Street r e a t Rampart Boulevar eeteet Merwin Street Portia Street Kent Montros Bonnie Brae StreStreet Street Alvarado Street e S W SUNSET BOULEVARD treet Pa Sutherland Street StreetStreet rk A ve nue cece AvenueAvenue Santa Yne QUINTERO STREET Coronado Street do Terrace aterloo W z Stree Scot Dodgers ona venue r emont t Aven oulevard os t u Co t Stadium Allison Avenue e treet R Clinton Street Kent Street LavetaLaveta TerraTerra Lilac Terra Laguna Avenue ce Echo Park A Clinton Glendale B Echo Street Park Ridge Way Scout ue VinVin Scully Scully Avenue Avenue Way Lake Belle vue glas Street Avenue Stadium Way Dou Laveta Terrace Ea W allace Avenue st Innes Avenue Rosemont Aven K e geware Road Kellam Avenue n Lilac Terrace d s EE ing ton Roa Roa ton ton West CarrollCarroll A A dd a venue d nt Avenue Calumet Avenue areare RoRo iew Avenue w F osemo igue iew Avenue e Avenue Hollywood Freeway reetreet osemo Bellevue Avenue roa T L Roselake Avenue errace ook Marview Avenue Temple Street ast Edge E Mar ion Avenue Everett St on Avenue StreetStreet North Lake Street Cortez Street White Knoll Drive North Westlak North Mountain V ue Bo North Bonnie Brae Street Glendale Boulevard DawsonDawson s StreetStreet BelmontBelmont Ave Ave to n Street e North Burlingt lac nion Aven WelcomWelcom North Beaudry Avenue DawsonDawson Laveta Terrace havez Ravine P Street B entennial C everly B C the StreetLake Street North U e Street nue e Street on Street nue Street alley S oule Street Sou Rockwood Street West Court Street Adobe vard Patt tt treet Street Sou pot Alvarado Street ke Avenue De C New et East Edgeware Road e tr Rockwood Street Colto S ue Firmin Street en South Mountain View Avenue n Street North Bixel Stree v Miramar Street A Douglas Street l South Westla l Dawson Street Hi veland Street North Hill Pla r tt N Cle A ke lpine Stree Beaudry Avenue orth ve n u ri enue North Boylston Street B th oluca Street th r 8 r enue No oa Street No v ce er DEVELOPMENT POTENTIAL • Rapidly evolving area with multiple developments • Hip, creative & emerging community •Highly trafick ed area with dense population and • 1.5 FARincreasing allows for demand19,879 sf for and housing 33 units and off - Ability to b - o Ability to n Oriented us (2 FAR/45 unit FAR/ 50 units).
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