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Rare Assemblage in Hollywood Media District 13,415 SF of R3-Zoned Land Potential New Small Lot SFR Or Apartment/Condo Project

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Rare Assemblage in Hollywood Media District 13,415 SF of R3-Zoned Land Potential New Small Lot SFR Or Apartment/Condo Project Rare Assemblage in Hollywood Media District 13,415 SF of R3-Zoned Land Potential New Small Lot SFR or Apartment/Condo Project TAMARIND AVE LEXINGTON AVE N BRONSON AVE EXCLUSIVE OFFERING MEMORANDUM *PLEASE DO NOT DISTURB THE TENANTS* The THE HOFFMAN COMPANY BROKER CONTACT Hoffman SOUTHERN CALIFORNIA OFFICE CA BRE #01473762 Bryant Brislin, CA BRE #01877964 ompany C 714.814.5624 | [email protected] C 18881 Von Karman Avenue, Suite 150 T 949.553.2020 | F 949.553.8449 Land Brokers Irvine, California 92612 www.hoffmanland.com Nick Giannini, CA BRE #01849360 Realty Advisors C 949.378.1200 | [email protected] DISCLAIMER The information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Los Angeles, County of Los Angeles, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company Organization (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspec- tions, to determine the condition of the Property and the existence of any potentially hazardous material located at the site. This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to ter- minate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any condi- tions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller. This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Bro- chure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller. Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowl- edges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers. The terms and conditions set forth above apply to this Brochure in its entirety. TABLE OF CONTENTS 1 Property Overview 4 2 Aerials, Maps & Photos 5-8 3 Area Overview 9-19 4 Market Overview 20-21 PROPERTY OVERVIEW 1 Site Detail Located within the heart of the Hollywood Media District, this rare assemblage (two, separately-owned parcels) of +/- 13,415 sf or R3 zoned land is an exciting de- veloper opportunity. These parcels are ripe for a builder to develop either small lot single family homes, apartments or condos. This is located within a short walking distance to Sunset Gower Studios, Emerson College, Nickelodeon Studios, and the huge, soon-to-open Columbia Square creative office campus with Viacom as the anchor tenant. Savy builders will sell or rent these units fast to entertainment types and other young professionals who are migrating to this easterly part of Hol- lywood. Future renters/homeowners can walk one block to the south to enjoy the immensely popular outdoor movie screenings at Hollywood Forever. A developer can potentially do a project of 10-12 single family/SLO residences or up to 21 units in a multifamily scenario. Address APN Acreage SF Broker Contact 1205 North Bronson Avenue 5534-009-011 0.15 6,709 Bryant Brislin 1209 North Bronson Avenue 5534-009-010 0.15 6,706 C 714.814.5624 Total 0.30 13,415 [email protected] CA BRE #01877964 Area/Municipality 1205 North Bronson: Unoccupied Duplex Hollywood (City of Los Angeles) 1209 North Bronson: Duplex with each unit rented out. Nick Giannini Total Income: $4,266.67/month C 949.705.0930 Zoning [email protected] R3-1 Listing Price CA BRE #01849360 $2,600,000 GP Designation The Hoffman Company Medium Residential Desired Terms 18881 Von Karman Avenue, Suite 150 30-45 Day Escrow. Inspection subject to accepted offer Irvine, CA 92612 Council District only T 949.553.2020 CD 13 – Mitch O’Farrell F 949.553.8449 www.hoffmanland.com Neighborhood Council CA BRE #01473762 Hollywood Studio District *PLEASE DO NOT DISTURB THE TENANTS* The Exclusive Offering Memorandum 4 Hollywood Media District | LOS ANGELES Hoffman Company AERIALS, MAPS & PHOTOS 2 Close Up Aerial TAMARIND AVE TAMARIND AVE N BRONSON 1209 N Bronson 1205 N Bronson LEXINGTON AVE The Exclusive Offering Memorandum 5 Hollywood Media District | LOS ANGELES Hoffman Company AERIALS, MAPS & PHOTOS 2 Assessor’s Parcel Map 1209 N Bronson 1205 N Bronson The Exclusive Offering Memorandum 6 Hollywood Media District | LOS ANGELES Hoffman Company AERIALS, MAPS & PHOTOS 2 Zimas Zoning Map SITE The Exclusive Offering Memorandum 7 Hollywood Media District | LOS ANGELES Hoffman Company AERIALS, MAPS & PHOTOS 2 Property Photos 1205 N Bronson 1209 N Bronson 1209 N Bronson Southwesterly view from North Bronson Avenue Westerly view from North Bronson Avenue 1205 N Bronson 1205 N Bronson 1209 N Bronson 1205 N Bronson Northwesterly view from North Bronson Avenue Westerly view from North Bronson Avenue Directly in front of 1205 N Bronson Ave (MLS Photo) The Exclusive Offering Memorandum 8 Hollywood Media District | LOS ANGELES Hoffman Company AREA OVERVIEW 3 Area Retail Map HOLLYWOOD & 101 TheHIGHLAND CENTER The The Hoffman Hoffman Hoffman LOS FELIZ BLVD Company Company Company FRANKLIN AVE Large Retail Center Under Construction HOLLYWOOD BLVD HOLLYWOOD BLVD FLAGSHIP STORE Frozen yogurt station, sushi bar, coffee bar, juice bar, wine shop with a humidor and a virtual bartender kiosk. SUNSET BLVD SUNSET AVE THE The The FOUNTAIN AVE Under Hoffman N CAHUENGA BLVD Construction N HIGHALND AVE SUBJECT SITE Hoffman N WESTERN AVE Hoffman N LA BREA AVE N NORMANDIE SANTA MONICA BLVD Company VINE ST ompany ompany N C C The Exclusive Offering Memorandum 9 Hollywood Media District | LOS ANGELES Hoffman Company AREA OVERVIEW 3 Proximity to Nearby Colleges & Educational Facilities The The 101 Hoffman HoffmanHOLLYWOOD BLVD Company Company The SUNSET BLVD Hoffman Company FOUNTAIN AVE he he SUBJECT SITE T N CAHUENGA BLVD T N HIGHALND AVE Upscale Private School N LA BREA AVE N GOWER ST N GOWER HOFFMAN HoffmanSANTA MONICA BLVD N Company Company The Exclusive Offering Memorandum 10 Hollywood Media District | LOS ANGELES Hoffman Company AREA OVERVIEW 3 Public Transit LOS FELIZ BLVD 1.5 Hollywood/Highland Hollywood/Western Miles Metrolink Metrolink 101 Sunset/Vermont M HOLLYWOOD BLVD M 1 Metrolink N WESTERN AVE Mile N HIGHALND AVE SUNSET AVE M VERMONT AVE FOUNTAIN AVE N LA BREA AVE N CAHUENGA BLVD VINE ST ST GOWER N NORMANDIE AVE N VIRGIL SUBJECT SITE SANTA MONICA BLVD N The Exclusive Offering Memorandum 11 Hollywood Media District | LOS ANGELES Hoffman Company AREA OVERVIEW 3 Active/Future Multi-Family Projects TH: Townhome | M/U: Mixed Use | SLO: Small Lot Ordinance (Single Family Detached) | Aff: Affordable | Apts: Apartments | Comm: Commercial The The The 1,014 Apts; 28 live/ Hoffman Hoffman N work; 175K Retail Hoffman CA H U E LOS FELIZ BLVD N G Indigo Hotel 225 Apts A B Company 100 Rooms C+ RetailompanyL Company V D 79 Apts 120 Aff.
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