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San Vicente Boulevard Los Angeles, Ca 90019 5517San Vicente Boulevard Los Angeles, Ca 90019

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San Vicente Boulevard Los Angeles, Ca 90019 5517San Vicente Boulevard Los Angeles, Ca 90019 FOR SALE | FOR LEASE Mid Wilshire Shopping Plaza on Signalized Corner 5517SAN VICENTE BOULEVARD LOS ANGELES, CA 90019 5517SAN VICENTE BOULEVARD LOS ANGELES, CA 90019 TABLE OF CONTENTS Executive Summary 03 Property Information 04 Financial Summary 05 Aerial Map 06 Property Highlights 07 Area Overview 08 2 EXECUTIVE SUMMARY 5517 San Vicente Boulevard is a highly visible shopping center made up of an approximate 3,990-square foot building on approximately 9,553-square feet of land. The property includes a parking lot, available signage, and billboards. Existing tenants are on month-to-month leases. Two income producing billboards on property. 5517 San Vicente Boulevard is located at the signalized corner of San Vicente Boulevard and Hauser Boulevard in Mid Wilshire, near the popular Miracle Mile neighborhood. Manicured homes and multifamily units make up the quiet residential neighborhood that surrounds the immediate vicinity. 5517 San Vicente Boulevard is located blocks from Wilshire Boulevard, where the Petersen Automotive Museum and Los Angeles County Museum of Art (LACMA) draws hundreds of visitors a day. PLEASE DO NOT DISTURB TENANTS © 2019 WESTMAC Commercial Brokerage Company. All Rights Reserved. WESTMAC Commercial Brokerage fully supports the principles of the Equal Opportunity Act. WESTMAC Commercial Brokerage Company and the WESTMAC Commercial Brokerage Company logo are registered service marks owned by WESTMAC Commercial Brokerage Company and may not be reproduced by any means or in any form whatsoever without written permission. 3 PROPERTY INFORMATION Address 5517 San Vicente Boulevard Los Angeles, CA 90019 Cross Street San Vicente Boulevard and Hauser Boulevard Building Size Approximately 3,990 square feet Land Size Approximately 9,553 square feet APN 5085-012-036 Parking Eight [8] striped spaces, plus one [1] handicap Built 1985 Zoning LAC2 Type Shopping Center plus billboard Please Do Not Disturb Tenants 4 FINANCIAL SUMMARY Sale Information Leasing Information Sale Price $3,000,000 Available Space ±3,990-square feet; Divisible to ±1,690-square feet / ±2,300-square feet Ownership Fee Simple Rental Rate $3.00 per square foot NNN Billboard Two (2) income producing (Property insurance and taxes are billboards; Currently leased; approximately $0.28/psf per month) $1,100 monthly rent Availability Immediately 5 Zimmer Children’s Original Farmer’s Market Museum Saban Theatre LACMA * * * The Grove * * * * Petersen Automotive Museum * * WILSHIRE BOULEVARD * * * * * * * * * OLYMPIC BOULEVARD La Brea Tar Pits SAN VICENTE BOULEVARD 5517 SAN VICENTE BOULEVARD Masala Grill CITY LAUNDRY * * * * * * AERIAL MAP 6 • Available signage • Signalized corner on four way street PROPERTY HIGHLIGHTS • Current tenants on month-to-month leases • Parking lot with eight [8]) striped spaces, plus one [1] handicap space • Surrounded by dense residential population • Centrally located in Mid Wilshire bordering Miracle Mile • Close to tourist hot spots La Brea Tar Pits, LACMA, El Rey Theater, Petersen Automotive Museum, Original Farmer’s Market, and The Grove. HOLLYWOOD HILLS LOS FELIZ BEL AIR HOLLYWOOD WEST HOLLYWOOD SILVER LAKE 2 BEVERLY GROVE UCLA BEVERLY HILLS CENTRAL LA MIRACLE MILE KOREATOWN WESTWOOD MID WILSHIRE BRENTWOOD CENTURY CITY BEVERLYWOOD * 5517 SAN VICENTE BOULEVARD DOWNTOWN WEST LA MID CITY PACIFIC PALISADES UNIVERSITY PARK JEFFERSON USC 1 MAR VISTA CULVER CITY LEIMERT PARK SANTA MONICA 187 7 AREA SUMMARY 5517 San Vicente Boulevard is located in Mid Wilshire along San Vicente Boulevard, on the Northwest signalized corner at Hauser Boulevard. The four-way intersection includes various retailers - 7-Eleven, Subway, Yummy.com, City Laundry, Masala Grill, and others - that service the large residential population that surrounds the immediate area. The Property is blocks from Miracle Mile and Wilshire Boulevard, a hub for popular tourist attractions, retailers and cool restaurants. 5517 San Vicente Boulevard’s spectacular location puts it at the center of many of proximityLos Angeles’ of thegentrificated La Brea Tar neighborhoods, Pits Museum, includingPeterson AutomotiveMiracle Mile, Museum, Park La andBrea major and thoroughfaresMiracle Mile. The offering location unique draws shops traffic and from eateries, all over appealing the city tothanks visitors to the from close all over the world. The property is also short distance (approximately 1.5 miles) to the popular shopping district on Melrose Boulevard, the Original Farmer’s Market and Grove. 8 CONFIDENTIALITY STATEMENT This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it Thehas notprojections been independently and pro forma verified budget by contained WESTMAC herein Commercial represent Brokerage best estimates Company on assumptions or by the Seller. considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The Interestedcontents herein buyers are should confidential be aware and that are the not Seller to be is reproduced selling the Propertywithout the “AS express IS” CONDITION written consent.WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them. 9 5517SAN VICENTE BOULEVARD LOS ANGELES, CA 90019 FOR SALE | FOR LEASE FOR MORE INFORMATION CONTACT: Jeffrey Pickett Executive Vice President D. 424.832.5306 [email protected] DRE# 01828924 T.C. Macker, CCIM President D. 310.966.4352 [email protected] DRE# 01232033 Jennifer Moscoso Associate D. 310.966.4397 [email protected] WESTMAC Commercial Brokerage Company DRE# 02044716 1515 S. Sepulveda Blvd., Los Angeles, CA 90025 Phone 310.478.7700 DRE# 01096973 www.westmac.com 10.
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