319 LAVETA TERRACE , CA

HI-FI/ECHO PARK RESTAURANT PROPERTY 1. 319 ECHO PARK

LAVETA TERRACE SILVERLAKE Los Angeles, CA

ECHO PARK LAKE

OFFERING

Coldwell Banker Commercial Westmac is pleased to present the opportunity to purchase 319 Laveta Terrace. The property consists of a 1,664 square foot restaurant building on 5,035

GLENDALE BOULEVARD square feet of land with approximately 140 feet of street HISTORIC FILIPINOTOWN frontage on Glendale Blvd in Historic Filipinotown (Hi-Fi), made up of the southern sections of Silver Lake & Echo Park. W TEMPLE STREET Known as the famed local restaurant, Bernie’s Teriyaki, one of the earliest family-owned restaurants in Historic Filipinotown, established in 1977, offering fast, affordable, and delicious barbecue teriyaki plates and burgers. The property is zoned LACW, located in the Central City West specific plan, and is designated as Tier 1 per the Transit Oriented Community 319 plan. A wonderful opportunity for the owner-user, investor or LAVETA TERRACE a developer in one of Los Angeles’s most desirable up-and- Los Angeles, CA coming urban neighborhoods. ECHO PARK PROPERTY SUMMARY

SILVERLAKE Address 319 Laveta Terrace, Los Angeles, CA 90026 SUNSET BOULEVARD Offering Price $ 1,800,000

Please do not disturb Tenant, call agent to Tours discuss

APN 5160-002-026

Delivery Vacant at close of escrow with FF+E ECHO PARK Gross Building Area Approximately 1,664 SF LAKE

Site Area Approximately 5,035 SF

Zoning CW, Located in the Enterprise Zone

TOC Designation Tier 1

Use Commercial Restaurant HISTORIC FILIPINOTOWN GLENDALE BOULEVARD

Parking 9 spaces W TEMPLE STREET Frontage 140 ft on Glendale

Comments –– Opportunity to collect income with a new billboard lease (no lease currently) BEVERLY BOULEVARD –– Entrance on Laveta Terrace and Glendale Blvd

–– Signalized Corner property 319 –– Outside patio seating LAVETA TERRACE Los Angeles, CA –– Incredible signange opportunity along Glendale Boulevard 319 LAVETA TERRACE AMENITIES Los Angeles, CA

LOCATION

The property is located on the corner of Glendale Blvd and Laveta Terrace, sandwiched in the middle of Historic Filipinotown, Echo Park and . A five minute walk up Glendale Blvd will take you by Echo Park Lake, Echo Park Tennis Courts and the famous Echoplex. The opposite direction will lead you to the new retail development across the street named the Echo Park Village, Bootleg Theater and Unidad Park. The property is just south of the 101, there is high identity signage on the building along Glendale Boulevard, a draw to patrons traveling from Downtown LA all the way to Glendale. The neighborhood is full of gorgeous architecture and street art combined, Historic Filipinotown represents an incredible opportunity for the smart owner/user or well-informed buyer. 5. TEN BELLS 319 LAVETA TERRACE NEW RETAIL PROJECTS / DEVELOPMENT Los Angeles, CA

AREA HIGHLIGHTS

–– There are no shortage of developments popping up in the neighborhood

–– New retail tenants including Plancha Tacos, One Down Dog and Doubting Thomas

–– Just south of the 101, with easy access to Hollywood/ Downtown Los Angeles and connecting freeways of the 110/5/2

–– High Walking traffic on Glendale Blvd, as people are going to and from Echo Park Lake, tennis courts, pool & library

–– Multitude of chefs trying to enter the market and make their mark in the burgeoning Echo Park/HiFi neighborhood 7. 319 LAVETA TERRACE Los Angeles, CA

CAITLYN ROSS PAUL BREHME SENIOR VICE PRESIDENT SENIOR VICE PRESIDENT

310.966.4390 310.966.4355 [email protected] [email protected] DRE #01828924 DRE #01476686

COLDWELL BANKER COMMERCIAL WESTMAC 1515 S Los Angeles, CA 90025 Company DRE# 01096973 310.478.7700 www.westmac.com

© 2018 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through this office. The above information should not be relied upon, and recipients of this brochure are strongly encouraged and advised to conduct their own comprehensive review and analysis of the Property. The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval system, or otherwise, without prior permission.