NOTES: KAZANCHYAN DESIGN
3786 LA CRESCENTA AVE, SUITE 201 GLENDALE, CA 91208 T: 818-395-2686 ARCHITECT OF RECORD: ARMEN KAZANCHYAN
STRUCTURAL: SAYAH ENGINEERING INC 15233 VENTURA BLVD, SUITE 1130 SHERMAN OAKS, CA. 91403 T: (818) 788-7887
EAST ELEVATION 1
PROPERTY OWNER: SG EQUITY, LLC. 15404 VENTURA BLVD., FL.9 SHERMAN OAKS, CA 91403 (323) 552-2002
18 UNIT APARTMENT BUILDING PROJECT ADDRESS: 5068 ROMAINE ST. LOS ANGELES, CA 90029
BUILDING ELEVATIONS
A-202 WEST ELEVATION 2
File Location: S:\Arch-Multi Family Residential\00000-MF-LA (City of Los Angeles)\17002 - 5068 Romaine St, LA CA 90029\Drawings\A-201 202 203 301 302 PROPOSED ELEVATIONS & SECTIONS.dwg Last Saved: November 8, 2018, by Varouzhan Plotted: Thursday, November 8, 2018 9:43:44 AM by ArmenDT 5068 ROMAINE STREET | LOS ANGELES CALIFORNIA 90028 OFFERING MEMORANDUM
Development Opportunity for 18 Apartments Zoned R3 | Tier 2 | Lot Size 9,000 SF | Flat Lot DISCLAIMER & CONFIDENTIALITY AGREEMENT The information has been obtained from sources we believe to be reliable; however, ACME Real Estate and Seller make The material contained in this document is confidential and no warranty or representation regarding the accuracy or is not to be copied and/or used for any purpose or made completeness of the information provided. Any pro formas, available to any other person without the express written projections, opinions, assumptions or estimates used are for consent of ACME Real Estate. In accepting this, the recipient example only and do not necessarily represent the current or agrees to keep all material contained herein confidential. future performance of the property.
This memorandum has been prepared to provide summary ACME Real Estate and Seller strongly recommend that information to prospective purchasers and to establish a prospective purchasers conduct an in-depth investigation of preliminary level of interest in the property described herein. every physical and financial aspect of the property to deter- It does not, however, purport to present all material informa- mine if the property meets their needs and expectations. We tion regarding the subject property, and it is not a substitute also recommend that prospective purchasers consult with for a thorough due diligence investigation. their tax, financial and legal advisors on any matter that may affect their decision to purchase the property and the subse- quent consequences of ownership.
5068 ROMAINE STREET | LOS ANGELES CALIFORNIA 90028
LAURA RECKMEYER EAGLE ROCK 4516 EAGLE ROCK BLVD REALTOR® | INVESTOR | PMP LOS ANGELES, CA 90041 [email protected] MIRACLE MILE DIRECT: 310.739.1467 | OFFICE: 323.474.6977 600 S. LA BREA AVE, 3RD FL LOS ANGELES, CA 90036 DRE: 02004675 ACME-RE.COM ACME REAL ESTATE RESIDENTIAL COMMERCIAL INVESTMENTS @ACMEREALESTATE II 5068 Romaine Street Los Angeles California 90028 01 OVERVIEW 1-2 • Executive Summary • Property Description
02 WELCOME TO EAST HOLLYWOOD 3-10 • About East Hollywood • Our Neighborhood • Points of Interest • Restaurants, Bars, Shopping and Entertainment 03 EAST HOLLYWOOD BOOM 11-15 • Public Transportation • Path of Development
04 PROPERTY PHOTOS 16-22 • Current • Plans 05 COMPARABLES 23-24 • Rent Comparables • Projected Rent Roll
III 01 OVERVIEW | Executive Summary
5068 ROMAINE STREET | LOS ANGELES CALIFORNIA 90028 ACME Real Estate is proud to present an RTI development opportunity at 5068 Romaine St, with approved plans for an 18-unit apartment building located in one of L.A.'s most promising rental markets and rapidly developing communities. East Hollywood is a densely packed part of Los Angeles and carries close to 100,000 residents, of which 91% are renters. Eater Los Angeles commented "...East Hollywood May Be LA's Hottest Dining 'Hood'", and Los Angeles Magazine called the stretch of blocks at Melrose and Heliotrope "One of L.A.'s Hippest Micro-Hoods". With its rich cultural diversity, excellent walk scores, good public transportation, and revitalization occurring in every corner, this is a great opportunity to get into a centrally located pocket of the city that is booming.
Offered at $1,950,000
1 1 2 02 WELCOME TO EAST HOLLYWOOD | About East Hollywood
East Hollywood is an intersection of many cultures and contains Little Armenia, historic Melrose Hill, and Thai Town. Its neighboring communities are Hollywood, Hollywood Hills, Koreatown, Larchmont, Los Feliz, Silver Lake, Echo Park, Westlake and Windsor Square.
EAST HOLLYWOOD IS HOME TO:
• Los Angeles City College • Barnsdall Art Park: - Frank Lloyd Wright’s Hollyhock House, currently shortlisted to become a UNESCO World Heritage Site - Los Angeles Municipal Art Gallery, which provides a focus for art and artists across the City - Junior Arts Center and adult art programs, which have attracted beginner and accomplished artists for over 80 years - Barnsdall Gallery Theatre, a low cost venue for the performing arts • A Hospital District: - Kaiser Permanente - Los Angeles Children's Hospital - Hollywood Presbyterian Medical Center • The Cahuenga Branch Library: - The third oldest in the Los Angeles Public Library system, built in 1916 with a grant from Andrew Carnegie • 7 public and 5 private schools
Its boundaries are Western Avenue (to the West), Hollywood Boulevard (to the North), Hoover Street (to the East) and Beverly Boulevard (to the South).
3 3 LOS FELIZ BLVD
Rowe na Av
HILLHURST AVE HILLHURST enue WELCOME TO EAST HOLLYWOOD | Our NeighborhoodLOS 02 nue FELIZ ve
FOOD+DRINK LANDMARKSHyperion A 1. Sqirl 1. Cahuenga Library N VERMONT AVE N VERMONT N AVE EDGEMONT 2. Gracie’s Pizza 2. Hollyhock House HOLLYWOOD BLVD WESTERN 3. Marouch 3. Vista Theatre HOLLYWOOD 4. The Virgil 5. Square One Dining SCHOOLS 6. Cafe 50’s 1. Los Angeles City WESTERN AVE VERMONT WEST SUNSET BLVD SUNSET 7. Covell College 8. The Sit Down 2. Kingsley Elementary 9. Friends & Family 3. Ramona Elementary 10. Jitlada 4. Immaculate Heart of 11. Cuties Mary Catholic School 12. La Monarca Bakery 5. Rose & Alex Pilibos EAST 13. Mestizo Cafe Armenian School
HOLLYWOOD AVE VIRGIL 14. Starbucks N VERMONT AVE N VERMONT 15. Go Get Em Tiger PARKS SANTA MONICA BLVD VERMONT 16. DRNK Coffee + Tea 1. Barnsdall Art Park SANTA MONICA 17. Urban Social House 2. Lemon Grove 18. Sabor y Cultura Recreation Center ROMAINE STREET 19. Craft 20. Dave’s Hot Chicken 21. Tacos Al Pastor 22. Kismet 23. Scoops 24. La Descarga MELROSE AVE MELROSE AVE 25. The Know Where Bar 26. Tabula Rasa 27. Harvard and Stone WETERN AVE
4 tre
VERMONT BEVERLY BEVERLY BLVD BEVERLY BLVD
Alvarado S 02 WELCOME TO EAST HOLLYWOOD | Points of Interest
Warner Bros. Los Angeles Zoo Studios
Universal Studios Hollywood Hollywood Sign Griffith Park
The Greek Theatre Griffith Observatory Hollywood Hollywood Bowl Hills
Runyon Hollywood Kaiser Canyon Park & Highland Permanente Silver Lake Reservior Sunset West Strip Hollywood Paramount Pictures LA City Studio Tour Silver Lake Beverly College Elysian Park Center The Beverly Dodger Stadium Grove LA Farmer’s University of California Hills Market Koreatown Los Angeles (UCLA) Cedars-Sinai Medical Center LA County Chinatown Museum of Art LOS ANGELES Staples Downtown Center
University of Southern California (USC)
5 5 02 WELCOME TO EAST HOLLYWOOD | Restaurants, Bars, Shopping and Entertainment
RESTAURANTS
Jitlada Sqirl Dave’s Hot Chicken Tacos Al Pastor Thai Globally-Inspired Nashville-style hot chicken Mexican-style Tacos 0.9 mi 1.2 mi 0.7 mi 0.4 mi
Marouch Kismet Square One Dining Scoops Lebanese and Armenian Middle Eastern American Breakfast Ice Cream + Gelato 0.5 mi 1.5 mi 0.9 mi 0.8 mi
6 6 02 WELCOME TO EAST HOLLYWOOD | Restaurants, Bars, Shopping and Entertainment
BARS
Covell – daily wines by the glass, plus craft beer & La Descarga - cuban-themed The Virgil - 1920s-style saloon with ornate, throwback light nibbles draw locals to this cozy, urbane spot nightspot offering a cigar lounge decor offering haute classic cocktails 1.6 mi & burlesque-style salsa acts 1.1 mi 0.6 mi
The Know Where Bar – 1930s-style bar with old- Tabula Rasa - beer and wine-centric spot with Harvard and Stone – hip, industrial factory school cocktails and classic music on vinyl shareable snacks, eclectic by-the-glass offerings themed bar with live music records – 1.4 mi & craft brews – 1.1 mi 1.1 mi 7 7 02 WELCOME TO EAST HOLLYWOOD | Restaurants, Bars, Shopping and Entertainment
SHOPPING AND ENTERTAINMENT
Hollywood Forever and Cinespia – cultural Upright Citizens Brigade - improv, Hollywood Bowl – 3.7 mi Pantages Theater events and movies under the stars at the sketch, stand-up comedy – 2.0 mi 2.2 mi Hollywood Forever cemetery – 1.0 mi
The Grove – 4.4 mi Larchmont Village – 2.3 mi Hollywood and Highland - 2.9 mi
(Left) Melrose Ave Shopping District 3.1 mi
(Right) ArcLight Cinemas 2.1 mi
8 8 Sunday and Holiday Schedule Effective Dec 16 2018 704
Eastbound Al Este (Approximate Times/Tiempos Aproximados) Westbound Al Oeste (Approximate Times/Tiempos Aproximados) SANTA SANTA MONICA WEST ANGELES LOS WEST HOLLYWOOD ANGELES LOS ECHO PARK DOWNTOWN ANGELES LOS DOWNTOWN ANGELES LOS ECHO PARK ANGELES LOS WEST HOLLYWOOD WEST ANGELES LOS SANTA MONICA 1 2 3 4 5 6 6 5 4 3 2 1 Ocean & Arizona Santa Monica & Westwood Santa Monica & San Vicente Santa Monica & Vermont Sunset & Echo Park Bus Plaza / Patsaouras LA Station Union Bus Plaza / Patsaouras LA Station Union Sunset & Echo Park Santa Monica & Vermont Santa Monica & San Vicente Santa Monica & Westwood Ocean & Arizona 7:16A 7:35A 7:48A 8:11A 8:21A 8:31A 6:40A 6:51A 7:00A 7:20A 7:32A 7:50A 7:45 8:04 8:17 8:41 8:51 9:02 7:15 7:26 7:36 7:58 8:10 8:30 8:03 8:24 8:37 9:01 9:11 9:22 7:45 7:56 8:07 8:30 8:42 9:02 8:31 8:53 9:06 9:31 9:42 9:53 8:02 8:13 8:24 8:47 8:59 9:19 8:58 9:20 9:34 9:59 10:10 10:21 8:21 8:32 8:43 9:07 9:20 9:42 9:27 9:49 10:03 10:31 10:42 10:53 8:40 8:51 9:02 9:26 9:40 10:03 9:45 10:07 10:23 10:51 11:02 11:12 9:10 9:21 9:32 9:58 10:12 10:36 10:12 10:35 10:51 11:19 11:31 11:41 9:29 9:40 9:52 10:18 10:32 10:56 10:39 11:02 11:18 11:46 11:58 12:09P 9:49 10:00 10:12 10:38 10:53 11:19 11:05 11:29 11:45 12:13P 12:25P 12:36 10:08 10:19 10:31 10:59 11:14 11:41 11:22 11:46 12:02P 12:31 12:43 12:54 10:27 10:38 10:51 11:22 11:37 12:04P 11:40 12:06P 12:22 12:51 1:03 1:14 10:46 10:57 11:11 11:41 11:57 12:26 12:03P 12:30 12:46 1:16 1:28 1:39 11:07 11:18 11:32 12:02P 12:18P 12:47 12:19 12:46 1:02 1:32 1:44 1:55 11:27 11:38 11:51 12:21 12:37 1:06 12:43 1:10 1:26 1:56 2:08 2:19 11:46 11:57 12:11P 12:41 12:57 1:26 1:00 1:27 1:43 2:14 2:26 2:37 12:06P 12:17P 12:31 1:01 1:17 1:46 1:27 1:53 2:10 2:41 2:53 3:04 12:26 12:37 12:51 1:21 1:37 2:07 1:45 2:11 2:28 2:59 3:11 3:22 12:46 12:57 1:11 1:41 1:57 2:27 2:03 2:29 2:46 3:17 3:29 3:39 1:06 1:17 1:31 2:01 2:17 2:47 2:27 2:53 3:10 3:41 3:53 4:03 1:26 1:37 1:51 2:21 2:37 3:07 2:48 3:14 3:31 4:02 4:13 4:23 1:50 2:01 2:15 2:45 3:02 3:32 3:12 3:38 3:58 4:29 4:40 4:51 2:14 2:25 2:39 3:09 3:26 3:57 3:35 4:01 4:17 4:47 4:58 5:09 2:30 2:41 2:55 3:26 3:43 4:14 3:51 4:17 4:33 5:03 5:14 5:25 2:53 3:04 3:18 3:49 4:06 4:37 4:20 4:46 5:02 5:32 5:43 5:54 3:11 3:22 3:36 4:07 4:24 4:54 4:38 5:04 5:20 5:50 6:01 6:12 3:38 3:49 4:03 4:34 4:50 5:19 5:05 5:31 5:47 6:17 6:28 6:38 4:10 4:21 4:34 5:05 5:21 5:50 5:19 5:45 6:01 6:31 6:42 6:52 4:33 4:44 4:57 5:27 5:42 6:09 5:41 6:07 6:23 6:53 7:04 7:13 4:57 5:08 5:21 5:49 6:04 6:31 6:10 6:36 6:52 7:20 7:30 7:39 5:26 5:37 5:50 6:17 6:32 6:58 6:31 6:56 7:12 7:40 7:50 7:59 5:49 6:00 6:13 6:40 6:54 7:20 6:54 7:18 7:34 8:01 8:11 8:20 6:22 6:33 6:46 7:14 7:28 7:54 7:22 7:44 7:59 8:24 8:34 8:43 6:45 6:56 7:09 7:37 7:51 8:16 7:46 8:08 8:23 8:48WELCOME 8:58 9:06 7:14 7:25 7:38 8:04TO 8:17 EAST 8:39 HOLLYWOOD | Public Transportation 8:10 8:32 8:47 9:12 9:22 9:30 7:42 7:53 8:06 8:32 8:45 9:06 8:34 8:56 9:11 9:36 9:45 9:53 8:13 8:24 8:36 9:02 9:15 9:36 9:02 9:23 9:37 10:00 10:09 10:17 8:46 8:57 9:08 9:30 9:43 10:04 029:27 9:48 10:02 10:24 10:33 10:41 9:15 9:26 9:37 9:59 10:12 10:33 9:53 10:13 10:26 10:48 10:57 11:05 9:45 9:56 10:07 10:29 10:41 11:02 10:18 10:37 10:50 11:12 11:20 11:28 10:42 11:01 11:14 11:36 11:44 11:52 11:08 11:26 11:39 11:59 12:08A 12:16A 11:34 11:52 12:05A 12:26A 12:34 12:42
ROUTE MAP ROUTE MAP
Vignes St Azusa LOS FELIZ METRO GOLD LINE Spring St Broadway Hill St metro.net Grand Av ECHO PARK St Gower Franklin Av Figueroa St Alameda St LD 110 Cesar E. Chavez Av Metro Rail & Busway Hollywood Bl a 5 180 181 780 Echo Park Av Metro Red Line a (To North Hollywood) Hollywood/Western Vin Scully Av SEE INSET Sunset Bl MAP # 1 East LA LD 2 302 HOLLYWOOD METRO GOLD LINE 101 SILVER LAKE Main St LD Santa Monica Bl 92 4 704 Silver Lake Bl Glendale Bl 200 4 METRO RED/PURPLE LINE
Hyperion Av DOWNTOWN Red Line Metro 603 Sanborn Av Melrose Av 5 LOS ANGELES LD 10 Chatsworth 201 Amtrak & Metrolink
Manzanita Av 4 Nordhoff SAN FERNANDO VALLEY Beverly Bl CE422 175 Lake Allen Sierra MadreArcadia VillaMonroviaDuarte/CityIrwindale of HopeAzusa DowntownAPU/Citrus College 14 200 603 Alvarado St 101 INSET MAP 1 - PATSAOURAS BUS PLAZA N Roscoe GOLD LINE FOOTHILL EXTENSION ParkmanCoronado Av St Memorial Park 3rd St 16 17 316 Sherman Way SAN GABRIEL VALLEY
Vignes St LAX FlyAway Del Mar 101101 Canoga De Soto Pierce CollegeTampa Reseda Balboa Woodley SepulvedaVan NuysWoodmanValley CollegeLaurel Canyon 6th St Av Vermont Sunset Bl Hoover St North Hollywood 18 WILSHIRE CENTER Fillmore 302 Virgil Av 2 Vermont/ Universal City/Studio City Santa Monica Los Angeles River b 20 209 710 720 R7 Wilshire Bl 204 754 LD Vermont Av Hollywood/Highland South Pasadena 4 (To Downtown LA) 4 gf h i Wilshire/Western Metro Purple Line North Hollywood METRO RED LINE Union 8th St b Station Hollywood/VineLAX FlyAway Highland Park 66 c Normandie Av e d c b a 206 Cesar Chavez Av Cesar Chavez Hollywood/Western Olympic Bl 6 Southwest Museum 28 728 CE534 10 Western Av CENTRAL LA 207 757 Union Station Vermont/Sunset KOREATOWN Wilton Pl Heritage Sq Pico Bl Metro Red, Purple, 30 330 Vine St Gold & Silver Lines 210 LAX FlyAway Vermont/Santa Monica Lincoln/Cypress Highland Av a Venice Bl 156 656 OWL 33 733 Western Av Western Melrose Av Melrose Chinatown La Brea Av AVTA 785; LADOT DASH D; Vermont/Beverly 212 312 b Gardner St Vista St PURPLE LINE EXTENSION Wilshire/WesternWilshire/Normandie Union Station Washington Bl Mt St Mary’s College Shuttle Wilshire/Vermont Amtrak & Metrolink 35 CivicGrandGrandGrandGrand Ctr/Civic Ctr/ParkParkParkPark Metrolink WEST Fairfax Av LAX FlyAway LAC+USC MedicalCal State Ctr LA El Monte 217 780 218 Westlake/MacArthur Park HOLLYWOOD Crescent Heights Bl c CE 431, 534; LADOT Bunker Hill Shuttle; 10 218 WESTSIDE REGIONAL Sweetzer Av SC 794 7th St/Metro Ctr CONNECTOR La Cienega Bl Pico Pershing d 705 Square Adams Bl 105 d FT 699; OCTA 701; USC Shuttles: HSC, LATTC/Ortho Soto LD 37 Palm Av Institute LittleArts Tokyo/ Dist Indiana Atlantic
UPC DOWNTOWN Pico/Aliso Maravilla Larrabee St 4 30 330 LA Mariachi Plaza East LA Civic Ctr JEFFERSON PARK San Vicente Bl 10 Grand/LATTC 105 e Metro 40, 442, 704 3 Downtown17th Santa St/SMC Monica26th St/BergamotExpo/BundyExpo/SepulvedaWestwood/RanchoPalms Culver Park CityLa Cienega/JeffersonExpo/La BreaFarmdaleExpo/CrenshawExpo/WesternExpo/VermontExpoPark/USC EASTSIDE Jefferson Bl Robertson Bl 38 17 f Metro 33 (Owl trips before 1:00 am), 37th St/ San Pedro St USC
Beverly Bl Burton Wy 728, 733 SANTA Jefferson/USC Washington Exposition Bl 14 MONICA 102 316 BEVERLY (To Santa Monica) (To Downtown LA) g Metro 745; Citadel Outlets Express Rail Station 3
16 HILLS Metro Expo Line Expo/Western Santa Monica Bl Monica Santa Slauson Vernon megabus.com Transfer c
h River Angeles Los Station BuswayStation Martin Luther King Jr Bl CRENSHAW/ SOUTH LA Slauson 40 102 LD i Discharge Only LAX LINE 14 Busway Street PACIFIC OCEAN Manchester Florence Service Crescent Dr UNDER MAP NOTES CONSTRUCTION Vernon Av Canon Dr Century Park E Firestone 105 705 a Hollywood/Western Beverly Dr Av of the Stars CENTURY 103rd St/ Red Line Station CITY Watts Towers
720 Metro Rail Metro 180, 181, 207, 757, 780 4 e Century Park W Willowbrook/ 20 Wilshire Bl CE431 LAX Shuttle G Rosa Parks Aviation/LAXHawthorne/LennoxCrenshawVermont/Athens Harbor FwyAvalon Long Beach LakewoodBl NorwalkBl Slauson Av Wilshire/Western Purple LAX Red Line 108 358 b Thayer Av North Hollywood to Union Station Line Station Overland Av Downtown LA Mariposa Rosecrans Compton Purple Line Metro 18, 20, 66, 207, 209, 710, Rapid12 Wilshire/Western to Union Station BBB8,12 720, 757; R7; Beverly Glen Bl Harbor Artesia Blue Line C6, Rapid6 El Segundo LD Hollywood/Wilshire CE534, 573 2 Gateway Downtown LA to Long Beach HYDE PARK WESTWOOD Transit Ctr GATEWAY CITIES LD Wilshire Center/Koreatown 788 METRO EXPO LINE Del Amo Expo Line 734 Cotner Av Douglas Del Amo BBB1,2,3M,8,12,R12 234 WEST Downtown LA to Santa Monica Westwood Bl Florence Av c Expo/Western Station LOS ANGELES Carson Wardlow Green Line 111 405 Redondo Beach Metro 102, 207, 757 Sepulveda Bl Redondo Beach to Norwalk BBB4 Willow St Gold Line d LA Southwest College
BBB1, 11 BBB1, SOUTH BAY East Los Angeles to Azusa Metro 120, 207, 757; GA2; Nebraska Av Nebraska Westgate AvBundy Dr Sawtelle Bl Pacific Pacific Coast Hwy LN Athens Centinela Av Coast Metro Busway Federal Av BBB14, Rapid10 Hwy Anaheim St e Crenshaw Green Line Station Barrington Av 26th St Orange Line Av Western Metro 126, 207 (weekends), Chatsworth to North Hollywood 115 442 Manchester Av 21st St BBB11 Pacific 5th St 210, 710, 757; T5, T10 P510
BBB14 2 Arizona Av Arizona 20th St 10 Av Silver Line
Wilshire Bl Wilshire f San Pedro to El Monte
14th St San Pedro Downtown 1st St Street Service in Downtown LA 207 Long Beach LAX FlyAway and San Pedro LEGEND
SANTA g Owl 4
BBB2 Broadway Downtown
BBB41,42 Santa Monica
MONICA Av Colorado Regional Rail Line 757 Route 720 h BBB41,42 i Amtrak Century Bl Rapid Stop 534 117 20 OWL 20 amtrak.com Timepoint Lincoln Bl j Metrolink metrolinktrains.com 6th St BBB4,9 1 Metro Rail 4th St Metro Rail Station Airport Shuttle INGLEWOOD 710 2nd St Metro Rail Station Pacific Ocean LAX FlyAway 210 and Timepoint Ocean Av Palisades Beach Rd lawa.org/flyaway LAX Shuttle (free) P### Available Parking lawa.org Imperial Hwy 120 120 GA2 Spaces Subject to Change CE LADOT Commuter JUNMAY 20182016 Subject to Change d 18-2877MM ©2018 LACMTA ©2018 18-2877MM Express ATHENS
LEGEND GA Gardena Bus Lines GA2 Crenshaw Bl Crenshaw Line 704 Route MAP NOTES Av Ness Van LD LADOT DASH Crenshaw Transit/Subway: Metro Green Line LN County of LA - The Link Shortline Turnaround Loop a Dodger Stadium (To Redondo Beach) 1 e 120th St (To Norwalk) at Nebraska & Sepulveda 126 R Rapid b Braille Institute
Rapid Stop HAWTHORNE T5 c LA City College T10 Rapid Stop - d West Hollywood City Hall 178603 Single Direction Only · Vermont / Santa Monicae MetroSanta Monica Bl &Redline Av of the Stars Station - .7 mile, 15 min walk Rapid Stop Timepoint Metro 4, 16, 28, 704, 728; AV 786; · RapidMetro Rail Bus # 704 - Santa Monica CE 534, 573; SC 792,/ 797Normandie - .3 mile, 7 min walk Metro Rail Station f St. John’s Hospital · RapidMetrolink Bus # 757 - Santa Monicag Santa Monica-UCLA / MedicalWestern Center - .5 mile, 10 min walk Amtrak h Santa Monica Bl & 4th St / AV Antelope Valley Transit Authority Broadway & 4th St Metro 4 Owl, 20 Owl, 534; BBB 1, 2, 3, BBB Santa Monica’s Big Blue Bus 4, 5, 7, 8, 9; Rapid 3, 7, 10 C Culver CityBus i Third Street Promenade CE LADOT Commuter Express j Ocean Av & Arizona Av LD LADOT DASH Metro 4 Owl, 20 Owl, 33 Owl, 534, 704, 9 SC Santa Clarita Transit 720, 733; BBB 1, 8; Rapid 10 9 Ask your boss for a lift. Visit metro.net for details on the Metro Business Pass program. If you’re riding with a bike or other bulky items...
Please look for the yellow decal designating the open area where you can place them.
180453 02 WELCOME TO EAST HOLLYWOOD | Public Transportation
Commuter Rail:
Glendale Transportation Center - 4.6 mi, 15 min 400 West Cerritos Ave., Glendale, CA The GTC is a central transportation hub for:
• Metrolink • Metro Buses • Amtrak • Greyhound • Glendale Beeline
Airport:
· Bob Hope Airport: 9.4 miles, 18 min · Los Angeles International Airport – 18 miles 24 min
10 10 03 EAST HOLLYWOOD BOOM | Path of Development
Paseo Plaza Redevelopment and Expansion
Approximately 370,000 square feet of retail and restaurant space plus a 20,000 sq ft rooftop park
0.6 mi
Mixed-Use Development at Vermont/Santa Monica Station
160-200 affordable housing units and 15,000-20,000 square feet of ground-floor space for retail uses and social services
0.8 mi
11 11 03 EAST HOLLYWOOD BOOM | Path of Development
Vermont Hollywood
A new music venue - said to become "the gold standard for the ultimate concert and event-going experience,” the 10,000-square-foot music venue, designed by Santa Monica-based Ryder Design & Architecture, is equipped to hold up to 1,200 people - expected to open in 2019
0.8 mile
12 12 03 EAST HOLLYWOOD BOOM | Path of Development
Madison Avenue Park and Community Garden
Located at 1175 N. Madison Avenue, the property will be improved with public green space and a new community garden. Completion expected mid-2019
1.1 mi
Hollywood Presbyterian
$350-million expansion and modernization project
1.1 mi
13 13 03 EAST HOLLYWOOD BOOM | Path of Development
SunWest
33,000 square feet of commercial space on the ground floor for shops, cafes, and a grocery store
0.9 mi
East Hollywood Target
0.9 mi
14 14 EAST HOLLYWOOD BOOM | Path of Development 03 LOS FELIZ
HYPERION AVE FRANKLIN AVE The 5550 $100-million residential/ retail complex, 280 apartments. 12,600 sf retail space 5245 Santa Monica Blvd FRANKLIN AVE Kaiser Los Angeles 49 apartments Medical Center 45,000 sf commercial space 425,000 sf of new medical facilities
WESTERN AVE WESTERN HOLLYWOOD BLVD WEST SUNSET BLVD 1601 N. Hobart Boulevard HOLLYWOOD 4-Story 54 Unit Apartment Building FOUNTAIN AVE
N EDGEMONT AVE N EDGEMONT Hollywood Presbyterian Paseo Plaza Development Hospital Expansion
EAST AVE 375 apartments $350-Million, 5-stories, MYRA AVE 370,000 sf commercial space 175,000 sf structure HOLLYWOOD L VIRGI N VERMONT AVE VERMONT N SUNSET JUNCTION SANTA MONICA BLVD SILVER
WETERN AVE WETERN LAKE
ROMAINE STREET
5412 Santa Monica Blvd Mixed-Use Development SUNSE
4-story apartment building 160-200 residential units, T BOULEV 45 residential units 20,000 sf retail
ARD
4749 W. Elmwood Ave MELROSE AVE MELROSE AVE 4-story, Melrose & Ardmore 14 unit building SILVER LAKE BLVD 5000 W. Maplewood Ave Apartments 8 residential buildings, 66 residential units, ECHO 10,000 sf site 68 parking spaces PARK
BEVERLY BLVD BEVERLY BLVD
ALVARADO ST15 5 S NORMANDIE AVE S NORMANDIE 04 PROPERTY PHOTOS | Current
16 15 04 PROPERTY PHOTOS | Plans - Garage
2 A202
12
11
1 10
A201 EV
2 3 4 5 6 7 8 9
1
1 2 A201 A301
17 16 04 PROPERTY PHOTOS | Plans - 1st Floor
2 A202
1 A201
1 2 A201 A301
18 17 04 PROPERTY PHOTOS | Plans - 2nd and 3rd floors
2 A202
1 A201
1 2 A201 A301
19 18 04 PROPERTY PHOTOS | Plans - Rooftop Deck
2 A202
1 A201
1 2 A201 A301
20 19 04 PROPERTY PHOTOS | Plans - Floor Plans
NOTES:
KAZANCHYAN DESIGN
3786 LA CRESCENTA AVE, SUITE 201 GLENDALE, CA 91208 T: 818-395-2686 ARCHITECT OF RECORD: ARMEN KAZANCHYAN
STRUCTURAL: SAYAH ENGINEERING INC 15233 VENTURA BLVD, SUITE 1130 SHERMAN OAKS, CA. 91403 T: (818) 788-7887
TYPE D1 TYPE A1
KEY NOTES:
2ND AND 3RD FLOOR 1ST FLOOR 2ND AND 3RD FLOOR 1ST FLOOR WALL TYPE: UNIT TYPE D1 - FLOOR PLAN 3 UNIT TYPE A1 - FLOOR PLAN 1
LEGEND:
PROPERTY OWNER: SG EQUITY, LLC. 15404 VENTURA BLVD., FL.9 SHERMAN OAKS, CA 91403 (323) 552-2002
18 UNIT APARTMENT TYPE A2 BUILDING PROJECT ADDRESS: 5068 ROMAINE ST. LOS ANGELES, CA 90029 TYPE C1
S.D.
C.O.
+8'-0"
+8'-2" TYPICAL FLOOR PLAN
EV
INV
2ND AND 3RD FLOOR 1ST FLOOR 1ST FLOOR 2ND AND 3RD FLOOR ELEC A-411 UNIT TYPE C1 - FLOOR PLAN 4 UNIT TYPE A2 - FLOOR PLAN 2
File Location: S:\Arch-Multi Family Residential\00000-MF-LA (City of Los Angeles)\17002 - 5068 Romaine St, LA CA 90029\Drawings\A-411 UNIT TYPES.dwg Last Saved: October 30, 2018, by Varouzhan Plotted: Thursday, November 8, 2018 8:26:38 AM by ArmenDT 21 20 04 PROPERTY PHOTOS | Plans - Floor Plans
NOTES:
KAZANCHYAN DESIGN
3786 LA CRESCENTA AVE, SUITE 201 GLENDALE, CA 91208 T: 818-395-2686 ARCHITECT OF RECORD: ARMEN KAZANCHYAN
STRUCTURAL: SAYAH ENGINEERING INC 15233 VENTURA BLVD, SUITE 1130 SHERMAN OAKS, CA. 91403 T: (818) 788-7887
TYPE A6 TYPE A4
KEY NOTES:
2ND AND 3RD FLOOR 1ST FLOOR 2ND AND 3RD FLOOR 1ST FLOOR WALL TYPE: UNIT TYPE A6 - FLOOR PLAN 3 UNIT TYPE A4 - FLOOR PLAN 1
LEGEND:
PROPERTY OWNER: SG EQUITY, LLC. 15404 VENTURA BLVD., FL.9 SHERMAN OAKS, CA 91403 (323) 552-2002 TYPE B1 18 UNIT APARTMENT TYPE A7 BUILDING PROJECT ADDRESS: 5068 ROMAINE ST. LOS ANGELES, CA 90029
S.D.
C.O.
+8'-0"
+8'-2" TYPICAL FLOOR PLAN
EV
INV 2ND AND 3RD FLOOR 1ST FLOOR 2ND AND 3RD FLOOR 1ST FLOOR ELEC A-412 UNIT TYPE B1 - FLOOR PLAN 4 UNIT TYPE A8 - FLOOR PLAN 2 File Location: S:\Arch-Multi Family Residential\00000-MF-LA (City of Los Angeles)\17002 - 5068 Romaine St, LA CA 90029\Drawings\A-412 +UNIT TYPES.dwg Last Saved: September 21, 2018, by Varouzhan Plotted: Thursday, November 8, 2018 8:26:44 AM by ArmenDT 22 21 05 COMPARABLES | Rent Comparables
Rent Comparables for New Construction
No. Date Address City Zip Rental Price SqFt $/RSF Year Built Unit Make Up Property Type
1 7/20/18 5427 Carlton Way #17 Los Angeles 90027 $1,797 500 $3.59 1957* 0 Bed / 1 Bath Apartment 2 8/14/18 1417 N Bronson Ave #201 Los Angeles 90028 $1,795 532 $3.37 1928* 0 Bed / 1 Bath Apartment 3 9/6/18 953 N Normandie #302 Los Angeles 90029 $2,350 625 $3.76 2017 1 Bed / 1 Bath Apartment 4 11/5/18 546 N Oxford Ave #210 Los Angeles 90004 $2,000 785 $2.55 2016 1 Bed / 1 Bath Apartment 5 9/6/18 953 N Normandie #301 Los Angeles 90029 $2,850 925 $3.08 2017 2 Bed / 2 Bath Apartment 6 1/10/19 4150 Marathon St #409 Los Angeles 90029 $3,100 930 $3.33 1989* 2 Bed / 2 Bath Apartment 7 11/26/18 801 N Alexandria Ave #803 Los Angeles 90029 $2,600 1000 $2.60 1924* 2 Bed / 2 Bath 4-plex 8 11/6/18 801 N Alexandria Ave #801 1/2 Los Angeles 90029 $2,500 950 $2.63 1924* 2 Bed / 1 Bath 4-plex
* renovated Average per SF $3.12 Summary:
NEW CONSTRUCTION RENT COMPARABLES: Studio rents range from $1,700- $1,800 | 1 bedroom rents range from $2,000-$2,400 | 2 bedroom rents range from $2,600-$3,100
1 2 3+5
4 6 7+8
23 22 05 COMPARABLES | Projected Rent Roll
Units Quantity SqFt Range Value used Total Rent/Month Studio 1 484 $1700-$1,800 $1,750.00 $1,750.00 1 bed / 1 bath 11 587-687 $2,000-$2,400 $2,200.00 $24,200.00 2 bed / 2 bath 4 881-989 $2,600-$3100 $2,800.00 $11,200.00 3 bed / 2 bath 1* 1,079 $763-$1,696 $1,406.00 $1,406.00 1 bed / 1 bath 1** 587-687 $508-$1,186 $750.00 $750.00 $39,306.00
*Assumed family of 5. Actual maximum rent is dependent on multiple factors such as # of tenants and income **Assumed a couple. Actual maximum rent is dependent on multiple factors such as # of tenants and income
The 3-bedroom is designated for 'very low' income, which ranges from $763-$1,696 A 1-bedroom is designated for 'extremely low' income, which ranges from $508-$1,186 Please see Los Angeles affordable housing requirements
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