116 4 N KENMORE HOLLYWOOD, CA
kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS ~w lO O'.'. THE OFFERING ::: 0 2: Keller Williams Commercial Hollywood Hills, is pleased to announce the sale of 1164 N. Kenmore z Ave, a small lot or multifamily development opportunity in the heart of one of Los Angeles' hottest w markets, Hollywood. Located between the world famous Sunset Blvd and Santa Monica Blvd, just ~ minutes from major attractions, retail and employment centers. This single family home is not rent controlled and will be delivered vacant. The home sits on a 8,250 square foot lot zoned RD 1.5-XL z 1 that allows 5 units by right, a 3:1 FAR and 2 stories or 30 feet • Developers can also take advantage of a Tier 3 TOC Bonus and receive a 40% unit count increase, 45% increase in FAR and height 1 bonus of 2 stories up to 22 feet •
The subject property is located in the highly sought after and trendy neighborhood of East Hollywood, less than a mile to the center of Hollywood. It is located within minutes of major employers like Kaiser Permanente, Netflix, Bronson Studios and Paramount Studios. With easy access to the 101 freeway, residents are also just a short commute away from Downtown Los Angeles and the Valley. Additionally, the neighborhood has a high walk score of 83 and is within walking distance of both the Santa Monica/Vermont and Sunset/Vermont subway stations.
Continued commercial and mixed use development are already underway in the neighborhood that will continue to bring growth and vibrancy to the area. The city has already begun plans to build 160 units with 21,000 square feet of commercial/retail space on the current site of the Santa Monica/Vermont Metro station, further enhancing the neighborhood. Now is the time to get into this market before it explodes!
1 According to LA Zimas/Buyer to Verify
For more information, contact: Edmond Bina Sherwin Soumekh (310) 880-8182 (310) 623-1405 [email protected] [email protected] kwcoMMERCIAL CA DRE #01925370 CA DRE #02022101 KELLERWILLIAMS. REALTY HOLLYWOOD HILLS ~w 1164 N. KENMORE AVENUE lO O'.'. ::: 0 HOLLYWOOD, CA 90029 2: z PROPERTY OVERVIEW w ~ PURCHASE PRICE $1,199,000 z PROPERTY TYPE SINGLE FAMILY
LOT SIZE 8,250 SF1
ZONING RD-1.5XL
TOC BONUS TIER 3
APN 5406-016-017
FRONTAGE APPROX. 50'1
LOT DEPTH APPROX. 165'1
BLDG. SIZE 1,5280 SF1
BY RIGHT DEVELOPMENT SCENARIO
UNITS 5 By Right1
HEIGHT 2 Stories or 30'1
FAR 3:1 1
TOC BONUS DEVELOPMENT SCENARIO
UNITS 91
HEIGHT BONUS (DISCRETIONARY) 2 Stories up to 22'1
FAR INCREASE 45%
PARKING 0.5/Unit1 kwcoMMERCIAL 1 According to LA City Zimas. Buyer to verify. KELLERWILLIAMS REALTY HOLLYWOOD HILLS w O'.'. PROPERTY PHOTOS 0 2: z w ~ z
kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS ~w lO O'.'. PROPERTY PHOTOS ::: 0 2: z w ~ z
kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS w O'.'. REGIONAL MAP 0 2: z w ~
@) Rose Bowl Stadium • VALLEY VILLAGE ~ @) z Los Angeles Zoo ENCINO ~ TOLUCA LAKE ANA •SHERMAN OAKS Pasadena Hollywood Sign Glendale @) 'QliJ STUDIO CITY Universal City A Y • Griffith Park ii raude @) v The Huntington Library, ~ and Adams Square EAGLE ROCK Art Collections, and ... T Park Griffith Observatory• ~ San Marin ATWATER South VILLAGE HIGHLAND PARK Pasadena Westridge-Canyonback Wilderness Park Hermon Park BEVERLY GLEN Runyon LOS FELIZ NORTHEAST Canyon Park ""@ LOS ANGELES (Arroyo BEL AIR CYPRESS PARK Seco Park) LITTLE * IA Alhambra West HOLLYWOOD University of Hollywood SILVER LAKE MONTECITO The Getty ~ California, HEIGHTS Los Angeles ECHO PARK ~ Dodger Stadium ~ Beverly Hills MacArthur CENTRAL LA Park @) @ WESTWOOD CHINATOWN KOREATOWN Monterey Pa rk Will Rogers v MID- WILSHIRE ijj ~I Monte Bus"'"'\ State CENTURY CITY Historic Park BRENTWOOD Los Angeles Sou 0 BEVERLYWOOD City Terrace Ga WEST LOS ijj Q Westside Pavilion MID CITY Q Will Rogers State Beach ANGELES University DOWNTOWN PACIFIC of Southern • CD PALISADES ijj ® Santa Monica California College East Lo s Culver City Santa Monica ~ CRENSHAW ~ - Angeles ....L Montebello MAR VISTA Kenneth Hahn State LEIMERT PARK • OCEAN PARK Recreation • Vernon v Area • Commerce SOUTH PARK CENTRAL ALAMEDA
kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS ~ w lO O'.'. r- LOCAL MAP & ATTRACTIONS r- 0 2: z w i,- Hollywood Bowl ' \_OS fe\il. 9\11d "' ,,.'~ ~
GLASSEL Q Modernica Props Hollywood LOS FELIZ z Runyon Pantages Theatre Franklin Ave Canyon Park iS ~ ~ ' Museum of Death ~ Hollywood Blvd Hollywood. Blvd Hollywood Wax Museum Hollywood Blvd ~ Q Sun set And Gordon Q Vermont I Sunset ..z Sunset Blvd Sunset Blvd Sunset Blvd ~,. 1164 North ~ Plummer Park Fountain Ave Kenmore Avenue Q HOLLYWOOD Los Angeles West Santa Monica Blvd City College Hollywood q SILVER LAKE Pink's Hot Dogs Paramount Pictures 11'.'1 cp Studio Tour T \lle,\roseAve Melrose Ave Melrose Ave Elysian Park
FAIRFAX cp Mohawk Bend
everly Center Beverly Blvd Beverly Blvd Dodger Stadium ~ GROVE Q The Grove GREATER W3rdsr WILSHIRE I ~ HANCOCK PARK KOREA TOWN ~ \)).~% LA BREA "' ...,,, CENTRAL LA W3rdSt Vista Hermosa ~ ~ Natural Park, Mountains Los Angeles County t.:\'11 ' The La Brea Tar Museum of Art T Recreation ... Chinatown Central Plaza Pits and Museum cp Genwa Korean BBQ tithSt CARTHAY CIRCLE CHINATOWN KOREATOWN MIRACLE MILE
kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS ~w WALKSCORE lO O'.'. ::: 0 2: Q. ii' KinQ$YltlAve ~ z Very Walkable T H A I T 0 W N Hollywood Blvd ~ Prospect Ave Walk Score rn(l} Z ::c :E
Bikeable z ;:: Flat as a pancake, good bike ~• ltm0n Grove Av• ~ MonrooSt lanes. MMathonS\ v Melrose Ave Melrose Ave
Commute to Hollywood Commute to West Hollywood • • ~ 6min ~ 17min ~ 12min i\ 41 min ~ 12min ~ 21 min ~ 24min i\ 60+ min
Commute to Downtown Los Angeles Commute to Studio City • • ~ 9min ~ 26min ~ 30min i\ 60+ min ~ 14min ~ 40min ~ 48min i\ 60+ min
kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS ~ w ZIMAS REPORT lO O'.'. r- r- 0 2: Address/Legal Information CPIO: Community Plan Imp. Overlay None PIN Number 144B197 439 Subarea None z Lot/Parcel Area (Calculated) 8,249.9 (sq ft) CUGU: Clean Up-Green Up None w NSO: Neighborhood Stabilization Overlay No Thomas Brothers Grid PAGE 593 - GRID J5 ~ Assessor Parcel No. (APN) 5540027006 POD: Pedestrian Oriented Districts None Tract TR 2577 SN: Sign District No Map Reference MB 26-71/72 Streetscape No z Block None Adaptive Reuse Incentive Area None Lot 5 Affordable Housing Linkage Fee Medium-High Arb (Lot Cut Reference) None Residential Market Area Non-Residential Market Area Map Sheet 144B197 High Jurisdictional Information Transit Oriented Communities (TOC) Tier3 Community Plan Area Hollywood CRA - Community Redevelopment Agency None Area Planning Commission Central Central City Parking No Neighborhood Council East Hollywood Downtown Parking No Council District CD 13 - Mitch O'Farrell Building Line 25 Census Tract # 1912.04 500 Ft School Zone No LADBS District Office Los Angeles Metro 500 Ft Park Zone No Planning and Zoning Information Assessor Information Special Notes None Assessor Parcel No. (APN) 5540027006 Zoning RD1 .5-1XL APN Area (Co. Public Works)* 0.189 (ac) Zoning Information (ZI) Zl-2374 LOS ANGELES STATE ENTERPRISE ZONE Use Code 0100 - Residential - Single Family Residence Zl-2452 Transit Priority Area in the City of Los Angeles Assessed Land Val. $231,464 General Plan Land Use Low Medium II Residential Assessed Improvement Val. $57,858 General Plan Note(s) Yes Last Owner Change 04/28/2004 Hillside Area (Zoning Code) No Last Sale Amount $0 Specific Plan Area None Tax Rate Area 13 Subarea None Deed Ref No. (City Clerk) 889612 Special Land Use I Zoning None 831141 Design Review Board No 7-683 Historic Preservation Review No 535133 Historic Preservation Overlay Zone None 227313-14 Other Historic Designations None 1501697-8 Other Historic Survey Information None 1052603-04 Mills Act Contract None 1042359 COO: Community Design Overlay None kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS w ZIMAS REPORT CONT'D O'.'. 0 2: Building 1 Fault Type B Year Built 1920 Slip Rate (mm/year) 1.30000000 z Building Class D55A Slip Geometry Reverse w Number of Units Slip Type Poorly Constrained ~ Number of Bedrooms 3 Down Dip Width (km) 13.00000000 Number of Bathrooms 1 Rupture Top 3.00000000 Building Square Footage 1,528.0 (sq ft) Rupture Bottom 13.00000000 z Building 2 No data for building 2 Dip Angle (degrees) 50.00000000 Building 3 No data for building 3 Maximum Magnitude 6.40000000 Building 4 No data for building 4 Alquist-Priolo Fault Zone No Building 5 No data for building 5 Landslide No Additional Information Liquefaction No Airport Hazard None Preliminary Fault Rupture Study Area No Coastal Zone None Tsunami Inundation Zone No Farmland Area Not Mapped Economic Development Areas Urban Agriculture Incentive Zone YES Business Improvement District None Very High Fire Hazard Severity Zone No Promise Zone Los Angeles Fire District No. 1 No Renewal Community No Flood Zone None Revitalization Zone Central City Watercourse No State Enterprise Zone LOS ANGELES STATE ENTERPRISE ZONE Hazardous Waste I Border Zone Properties No Targeted Neighborhood Initiative None Methane Hazard Site None Housing High Wind Velocity Areas No Direct all Inquiries to Housing+Community Investment Department Special Grading Area (BOE Basic Grid Map A- No Telephone (866) 557-7368 13372) Website http://hcidla.lacity.org Oil Wells None Rent Stabilization Ordinance (RSO) No Seismic Hazards Ellis Act Property No Active Fault Near-Source Zone Public Safety Nearest Fault (Distance in km) 1.1492484 Police Information Nearest Fault (Name) Upper Elysian Park Bureau Central Region Los Angeles Blind Thrusts Division I Station Northeast Reporting District 1161 Fire Information Bureau West Batallion 5 District I Fire Station 35 Red Flag Restricted Parking No kwcoMMERCIAL KELLERWILLIAMS REALlY HOLLYWOOD HILLS 116 4 N KENMORE AVE
EXCLUSIVELY LISTED BY
EDMOND BINA SHERWIN SOUMEKH 310.461.1886 310.623.1405 [email protected] [email protected] COMMERCIAL CA BRE#01925370 CA BRE#02022101 KELLERWILLIAMS oo REALlY HOLLYWOOD HILLS
CONFIDENTIALITY & DISCLAIMER
Keller Williams Realty Hollywood Hills (KWHH) is independently owned and operated. KWHH and the owner ("Owner") of the property referenced herein ("Property") present this Confidential Offering Memorandum ("Memorandum") to assist the recipient(s) ("You" or "Your") in evaluating the Property and it is intended solely for Your limited use in determining whether you desire to acquire the Property. This Memorandum contains brief, selected information pertaining to the Property and should not be considered all-inclusive or permanent. The information in this Memorandum has been obtained from sources believed to be reliable, but KWHH have not verified it and Owner, KWHH do not make any guaranty, warranty or representation, express or implied, as to the accuracy or completeness of this Memorandum or the information contained herein.
You should independently verify each item of information in this Memorandum and have the same reviewed by your tax or investment advisor and/or legal counsel. This Memorandum and any communications You may have with KWHH and/or Owner and their respecti ve officers, brokers, agents or employees regarding this Memorandum or the Property does not in any way constitute any legal, investment or tax advice to You. All assumptions, projections, estimates and/or opinions in this Memorandum are provided as examples only and all information is subject to change, error, omissions and/or w ithdrawal without notice. Any references in the Memorandum to area, height, acreage, building or premises size or square footage are approximations only and should be independently verified by You. Any references in the Memorandum to any lease or tenant information, including without limitation the premises, rental rates, rent escalations, common area expenses, percentage rents and lease maturities should be independently verified by You. You should conduct your own investigations and due diligence of the Property, including without limitation environmental and physical condition inspections and reac h your own conclusions regarding the suitability of the Property for investment.
KWHH and Owner assume no responsibility for the accuracy or completeness of any information in this Memorandum. KWHH and Owner expressly disclaim any implied or expressed warranties of merchantability, fitness for a particular purpose or non-infringement of intellectual property relating to this Memorandum. In no event shall KWHH or Owner be liable for any damages resulting from the reliance on or use of any information in this Memorandum, including but not limited to direct, special, indirect, consequential or incidental damages.
By accepting receipt of this Memorandum, You agree to the following: (a) This Memorandum is of a highly confidential nature, w ill be held in the strictest confidence and shall be returned to KWHH upon request ; (b) You shall not contact any property manager, contractor, employee or tenant of the Property regarding the Property or this Memorandum, without prior approval of KWHH or Owner; and (c) You understand and agree that KWHH represe nts Owner and not You and ( iv) this Memorandum and this information contained therein shall not be used by You in any way that is detrimental to Owner, KWHH. Neither KWHH nor Owner shall have any obligation to pay any commission, finder's fee, or any other compensation to any broker or other person. You may provide information to persons retained by You to evaluate the Property only after first obtaining a signed confidentiality agreement from such persons and providing a copy of such agreement to KWHH.
The Owner expressly reserves the right, at its sole and absolute discretion, to reject any or all expressions of interest or offers to Purchase or Lease the Property, and/or to terminate discussion w ith You or any other person or entity at any time w ith or w ithout notice which may arise as a re sult of review of the Memorandum.
The Owner shall have no legal commitment or obligation to You or any person or entity reviewing this Memorandum or making an offer to purchase, lease, or finance the Property unless and until written agreement(s) for the purchase or finance of the Property that are sa tisfactory to Owner in its sole and absolute discretion have been fully executed, delivered and approved by the Owner and any conditions to the Owner's obligations therein have been sa tisfied or waived.