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Fountain Ave. West Hollywood, California

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Fountain Ave. West Hollywood, California 8210 FOUNTAIN AVE. WEST HOLLYWOOD, CALIFORNIA 9 UNIT CONDO DEVELOPMENT SHOVEL-READY 8210 FOUNTAIN AVE. WEST HOLLYWOOD, CALIFORNIA Exclusively Listed by DARIO SVIDLER MORGAN McMULLIN 310.500.3301 310.500.3905 [email protected] [email protected] calBRE# 01884474 calBRE# 01716570 Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built. 6.05.17. Svidler CalBRE# 01884474 | McMullin CalBRE# 01716570 8210 FOUNTAIN AVE. TABLE OF CONTENTS 4 ....................................................................... ABOUT US 6 ............................................................ THE OFFERING 7 ............................................ PROPERTY OVERVIEW 17 .............................................................. PROJECTIONS 18 .............................................. SALES COMPARABLES 20 ........................................... RENTAL COMPARABLES 22 .............................. FLOOR PLANS & ELEVATIONS 26 ................................... AREA/MARKET OVERVIEW COMMERCIAL 8210 FOUNTAIN AVE. | PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN | 3 8210 FOUNTAIN AVE. Dario Svidler Commercial Associate Partner calbre# 01884474 I grew up with Real Estate all around me. My father, a Structural Engineer and practicing General Contractor, and my mother, an Architect, have been bringing me to their job sites since I was born. I have experienced all facets of the Construction and Real Estate Businesses, ranging from Commercial and Industrial to all types of Residential. As a Real Estate Salesperson, I have sold in excess of $200 million in Real Estate and am well on my way to doubling that number. My talent in finding Value-Add Properties have made me an indispensable asset to a select group of Clients and Investors looking to add higher-yielding properties to their portfolio. I am a member of the Real Estate and Construction Division of the Jewish Federation and an alumnus of the American Jewish University. Morgan McMullin Commercial Associate Partner calbre# 01716570 Morgan McMullin, a commercial real estate veteran, has successfully brokered investment transactions in excess of $220 million over the past decade. Formerly a Vice President with Investment Real Estate Associates, Morgan joined Partners Trust Commercial in 2016. Specializing in the sale and acquisition of multifamily and commercial properties, he has helped his clients reach, and often exceed, their long-term and short-term investment objectives. Morgan values his client relationships, which leads him to successfully represent his clients’ interests and become their trusted investment advisor. Having brokered transactions through the boom and bust cycles, he has developed a deep working knowledge of the Los Angeles real estate marketplace. He has built his business and track record on superior market knowledge and an excellent work ethic while still holding himself to the highest standard of integrity. As an owner and manager of investment properties throughout Los Angeles, Morgan understands the nuances, concerns, and issues commonplace amongst investment property owners and investors. This hands-on approach keeps him current on market conditions, allowing him to achieve above market prices for his clients. Morgan lives in the Rancho Park neighborhood of West LA with his wife, Maryam and two kids, Nika and Kian. COMMERCIAL 8210 FOUNTAIN AVE. | PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN | 4 8210 FOUNTAIN AVE. A COMMITMENT TO YOU WHAT WE ARE. First, and foremost, Partners Trust is a Los Angeles-based real estate brokerage that leverages our global network, media savvy and command of the market to provide our clients with a discreet and peerless level of real estate services. We are a select group of the finest, principled and reputable agents in the market. We are distinguished in the marketplace by our emphatic sales volume, and reputed for our integrity, market intelligence and a genuine connection to our communities. We are proud of these accomplishments. We work diligently everyday to maintain them. This is what we are. WHO WE ARE. What a company is should be driven by who they are at the core and what they believe in that drives them to do what they do. In this regard, Partners Trust is a group of professionals that believe in the sanctity of real estate ownership and the inalienable right everyone has to own real estate. To support our beliefs, we create optimum conditions required to provide the deepest level of regard, respect, care, empathy, commitment and services possible to buyers, sellers, our associates and our competitors. We are people who care about the lives, the careers, the families, the financial securities and the peace of mind for everyone we touch. COMMERCIAL 8210 FOUNTAIN AVE. | PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN | 5 8210 FOUNTAIN AVE. THE OFFERING 9 UNIT CONDOMINIUM DEVELOPMENT OPPORTUNITY The subject property is a ready-to-build site with 9 fully approved luxury condominiums. This will be an urban infill architectural work of modern art. Ideally located within the trendy city of West Hollywood, the residents will enjoy a community inspired by creativity and style. Each condo has a unique floor plan ranging in size from 1,077 to 1,461 sf, all of which have two bedrooms and two full bathrooms. The modern design and prime location allows future occupants to enjoy all of West Hollywood’s world famous entertainment, dining and culture, with the comfort of a quiet and luxurious home. Situated on the south side of Fountain Avenue, just off the corner of Havenhurst Drive and only a couple of blocks from the Sunset Strip on Sunset Boulevard, the subject property sits in one of the most desirable locations in the world. This project has no low income units (in-lieu fee paid), and all permits have been paid. Ready to build site with 9 fully approved luxury condominiums COMMERCIAL 8210 FOUNTAIN AVE. | PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN | 6 Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built. 6.05.17. Svidler CalBRE# 01884474 | McMullin CalBRE# 01716570 8210 FOUNTAIN AVE. PROPERTY OVERVIEW 8210 Fountain Avenue, West Hollywood, CA PRICE $3,995,000 LOT SIZE 9,128 SQ. FT. PRICE PER BUILDABLE UNIT $443,889 FRONTAGE 90 FT. LOT DIMENSIONS 90 x 95 NO. OF PARCELS 1 APN 5554-016-003 ZONING WDR4 PROPERTY HIGHLIGHTS Prime West Hollywood Location 9-Unit Condo Project, Shovel-Ready Site Desirable Unit Mix in a Premiere Condo Market No Low Income Units (In-Lieu Fee Paid) Currently Vacant Property Floor Plans Ranging in Size from 1,077 SQ. FT. - 1,461 SQ. FT. All Permits Paid COMMERCIAL 8210 FOUNTAIN AVE. | PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN | 7 Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates,
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