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San Vicente Gardens 5810 San Vicente Blvd, Los Angeles, Ca 90019

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San Vicente Gardens 5810 San Vicente Blvd, Los Angeles, Ca 90019 SAN VICENTE GARDENS 5810 SAN VICENTE BLVD, LOS ANGELES, CA 90019 Offering Memorandum NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. SAN VICENTE GARDENS 14-UNIT INVESTMENT OPPORTUNITY EXCLUSIVELY LISTED BY ANDREW B. PARK ASSOCIATE Office 310.909.5413 [email protected] License CA 01960665 OFFICES NATIONWIDE AND THROUGHOUT CANADA WWW.MARCUSMILLICHAP.COM A 14-UNIT COMMUNITY IN THE HEART OF LOS ANGELES SAN VICENTE GARDENS 5810 SAN VICENTE BLVD, LA, CA 90019 TABLE OF CONTENTS EXECUTIVE SUMMARY FINANCIAL ANALYSIS SECTION 1 SECTION 4 01 Investment Overview • Investment Highlights 22 Pricing Details • Operating Data • Rent Roll Location PROPERTY DESCRIPTION COMPARABLE PROPERTIES SECTION 2 SECTION 5 08 Property Details • Regional Map • Property Photos 28 Sales Comparables • Rent Comparables MARKET OVERVIEW SECTION 3 12 Overview • Location Highlights Market Aerial • Demographics EXCLUSIVELY LISTED BY: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as- sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0000000 EXECUTIVE SUMMARY 5810 SAN VICENTE BLVD SAN VICENTE GARDENS // EXECUTIVE SUMMARY SAN VICENTE GARDENS // 1 THE OFFERING SAN VICENTE GARDENS // EXECUTIVE SUMMARY SAN VICENTE GARDENS // Marcus & Millichap, as the exclusive listing agent, is offering for sale San Vicente Gardens - a 14-unit apart- ment community located in the Miracle Mile District of Los Angeles and adjacent to Beverly Hills. Originally built in 1958, the Property is situated on a large 9,321 square foot parcel and consists of one two-story structure. Located at 5810 San Vicente Boulevard, the Property is within a 15-minute walk from the Wilshire/Fairfax Metro Purple Line station (opening in 2023), providing direct access to Downtown Los Angeles, Mid-Wilshire, Beverly Hills, and Westwood. The Miracle Mile neighborhood boasts some of the strongest demographics in Los Angeles. Within a one-mile radius of the site, the average household income is in excess of $101,000 and the average home value is in excess of $935,000. The affluent neighborhood is sought after by professionals that work in nearby employment center including Century City, Hollywood, West Hollywood, Beverly Hills and Culver City. The the Property is also in close walking distance to a variety of local entertainment, grocers, restaurants, bars, schools and museums. 2 3 SAN VICENTE GARDENS // EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS ► TRANSIT ORIENTED INVESTMENT - Located in an irreplaceable transit-oriented location just 15-minute walk from the Wilshire/Fairfax Metro Purple Line station and convenient access to the Santa Monica and Holly- wood freeways. ► VIBRANT NEIGHBORHOOD - San Vicente Gardens is ideally located near the trendy shopping and dining dis- tricts of 3rd Street, Fairfax Avenue, Melrose Avenue and Robertson Boulevard, as well as popular retail and entertainment complexes like the Beverly Center, the Farmer’s Market, and The Grove. ► PROXIMITY TO MAJOR EMPLOYERS - Centrally located in Los Angeles with excellent accessibility to over 100 million square feet of office space and employment hubs within a 5- to 20-minute drive including industry giants such as Netflix, Paramount, and Viacom. ► VALUE ADD POTENTIAL - Opportunity to capitalize on strategic enhancements to the Property’s common areas and community amenities to increase rents. ICON HIGHLIGHT ICON HIGHLIGHT ICON HIGHLIGHT PLACED HERE PLACED HERE PLACED HERE 5 SAN VICENTE GARDENS // EXECUTIVE SUMMARY SAN VICENTE GARDENS // EXECUTIVE SUMMARY SAN VICENTE GARDENS // SUMMARY OF TERMS INTEREST OFFERED Marcus & Millichap has been selected to exclusively market for sale San Vicente Gardens, a 14-unit multifamily community, located at 5810 San Vicente Blvd, Los Angeles, CA 90019. TERMS OF SALE The Property is being offered free and clear of existing debt. PROPERTY TOURS Prospective purchasers are encouraged to visit the subject property prior to submitting offers. However, all property tours must be arranged with the Marcus & Millichap listing agent. Please do not contact the tenants, on-site management or staff without prior approval.property tours must be arranged with the Marcus & Millichap listing agents. At no time shall the tenants, on-site management or staff be contacted without prior approval. 6 7 SAN VICENTE GARDENS // EXECUTIVE SUMMARY This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as- sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0000000 PROPERTY DESCRIPTION 5810 SAN VICENTE BLVD SAN VICENTE GARDENS // PROPERTY DESCRIPTION PROPERTY SAN VICENTE GARDENS // 9 PROPERTY DETAILS SAN VICENTE GARDENS // PROPERTY DESCRIPTION PROPERTY SAN VICENTE GARDENS // SAN VCENTE GARDENS 5810 San Vicente Blvd Property Address Los Angeles, CA 90019 Assessor’s Parcel Number 5085-023-021 Zoning R3-1 Units 14 Year Built 1958 Gross SF 10,147 SF Lot Area 9,321 SF Parking 8 Single Spaces UNIT MIX # OF UNITS STUDIO / 1 BATH 2 1 BED / 1 BATH 9 2 BED / 1 BATH 3 10 Regional Map Delete this after map is inserted SUBJECT PROPERTY NAME SAN VICENTE GARDENS // PROPERTY DESCRIPTION PROPERTY SAN VICENTE GARDENS // 11 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as- sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0000000 MARKET OVERVIEW 5810 SAN VICENTE BLVD SAN VICENTE GARDENS // MARKET OVERVIEW SAN VICENTE GARDENS // 13 TRANSIT ORIENTED INVESTMENT SAN VICENTE GARDENS // MARKET OVERVIEW SAN VICENTE GARDENS // The Property is ideally located in Mid-Wilshire,
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