8 Unit Los Feliz Investment Property
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8 UNIT LOS FELIZ INVESTMENT PROPERTY OFFERING MEMORANDUM 3827 EVANS ST, LOS ANGeleS 90027 Andrew Maleski | Broker 4242 Sunset Blvd, Suite 5 ACM PROPERTIES Los Angeles, California 90029 P:323-662-2772 C: 213-422-2944 www.acmproperties.com 2 ACM PROPERTIES | 3827 EVANS ST, LA 90027 ACMPROPERTIES.COM P:323-662-2772 C: 213-422-2944 MARKETING PACKAGE TABLE OF CONTENTS 3827 EVANS ST, LOS ANGeleS 90027 LOCATION OVERVIEW Area Highlights Los Feliz Attractions This marketing package has been prepared to provide unverified information Location Overview to interested parties, and to introduce the property to potential buyers. PROPERTY SUMMARY All information contained in this brochure has been from what we believe Property Highlights reliable sources, however Listing Broker has not verified information contained Property Details herein and makes no warranty or representation regarding accuracy Aerial Photo or completeness of the information provided. Parcel Map Photos All interested parties are advised and encouraged to independently verify all the information provided herein. FINANCIAL SUMMARY For additional information please contact Financial Overview Rent Roll Andrew Maleski BRE#00891944 Loan Quote 4242 Sunset Blvd, Suite 5 Los Angeles, California 90029 MARKET OVERVIEW Email : [email protected] Sales Comparables Website : www.acmproperties.com Rent Comparables P: 323-662-2772 F: 323-662-2751 C: 213-422-2944 3 ACM PROPERTIES | 3827 EVANS ST, LA 90027 ACMPROPERTIES.COM P:323-662-2772 C: 213-422-2944 LOCATION OVERVIEW 3827 EVANS ST, LOS ANGeleS 90027 Los Feliz is a relaxed hillside enclave that draws both established and up-and-coming creative types. There are plenty of old-school watering holes, hip shops and cafes, plus the Vista Theatre, a 1923 movie palace, and a pair of exemplary Frank Lloyd Wright homes. The neighborhood borders sprawling Griffith Park, beloved by locals for its hiking, concerts at the Greek Theatre and stargazing at Griffith Observatory. 4 ACM PROPERTIES | 3827 EVANS ST, LA 90027 ACMPROPERTIES.COM P:323-662-2772 C: 213-422-2944 LOS FELIZ ATTRACTIONS Los Feliz is the gateway to one of LA’s most beautiful attractions: Griffith Park. But even if you don’t feel like stepping foot in the city’s best park, you’ll find plenty of other things to do in Los Feliz. The Eastside neighborhood manages to balance natural beauty, eclectic shops and cozy eateries with a cool, laidback atmosphere that never feels frustratingly overhyped. From a matinee at a beloved single-screen movie theater to a tour of a landmark Frank Lloyd Wright house, see page 5 for some of the best things to do in Los Feliz. 5 ACM PROPERTIES | 3827 EVANS ST, LA 90027 ACMPROPERTIES.COM P:323-662-2772 C: 213-422-2944 ATTRACTIONS TIMEOUT LOS ANGELES - The Best Things to do in Los Feliz Vista Theater - The historic gem, single-screen Vista Theater plays movies on actual film reels (no digital here) and boasts giant Art Deco light fixtures, kitschy Egyptian-themed wall de- tails and a lovely manager, Victor Martinez, who dresses up for every opening (think: Willy Wonka for Charlie and the Chocolate Factory, the Joker for The Dark Knight, etc.). The theater is by no means luxury, but its character, spectacular leg room and $6.50 matinees are clear winners. Barnsdall Art Park - After oil heiress and philanthropist Aline Barnsdall bought this cute little hill after the end of World War I, she enlisted Frank Lloyd Wright to build a group of build- ings at its summit. Though the complex was never finished, Barnsdall went on to donate the house, guest house and 11 acres of the Los Feliz-adjacent land to the city on the premise that they be used as a public art park. More than eight decades later, the site still fulfills that role, with exhibitions in the Los Angeles Municipal Art Gallery as well as tours of the stun- ningly restored Hollyhock House. In the summer, the park hosts al fresco cinema nights, wine tastings and cultural events that bring out a nice mix of singles, couples and young fami- lies. Hollyhock House - This 1921, Mayan-inflected Frank Lloyd Wright house is open for tours on weekends ($7, Thu-Sun 11am-4pm). Frequent flooding of the living room in the (short but destructive) rainy season and seismic concerns kept the house’s life as a domicile short, but lucky for us, a number of renovations and the preservation of Wright’s original furniture have kept this house anarchitectural gem. Griffith Park - It’s easy to forget you’re still in Los Angeles as you trek through the mix of native chaparral and landscaped paths that cover Griffith Park. Where else could you encounter canyons, caves and coyotes in the middle of a city? Griffith is a point of pride for Angelenos, a park to rival all others. Its 4,310 rugged acres harbor hikes and trails, museums and picnic areas, and even a bit of haunted history. In addition to the main entrance, you’ll find Fern Dell, an oasis of shade and rustic charm, just on the edge of Los Feliz. Griffith Observatory - “If every person could look through that telescope,” declared Griffith J. Griffith, “it would revolutionize the world.” More than 80 years after this iconic building opened, the world remains unrevolutionized, but the vista is no less stunning, particularly at night when Los Angeles twinkles below. Inside you’ll find a bevy of exhibits, including a Fou- cault pendulum, Tesla coil and planetarium show. Give yourself plenty of time before the 10pm closing to gaze through the 12-inch refracting telescope on the roof, otherwise you can look through the far less crowded modern, reflecting telescope on the front lawn. Greek Theatre - This pleasant, open-air 6,000-seat theater stages big summer shows by acts both national and local. It’s a bit like seeing a concert in the woods, and rivals the Holly- wood Bowl in terms of LA’s most magical outdoor music venue. The only downside: The “stacked” parking means getting out of the parking lot often takes longer than the show, and VIP “Quick Parking” is a pricey $75. Steve Allen Theater - The Tomorrow Show, a bizarre variety performance with music and comedy, runs every Saturday at midnight here, hosted by hotshot Ron Lynch. The program also often includes fantastic, oddball shows by former Kids in the Hall, Emo Phillips and Marc Maron, among others. A true gem. Since 2012, the space has been officially known as the Trepany House at the Steve Allen Theater. Vintage Los Feliz 3 - Los Feliz’s other old-school movie theater may not be as beloved as the Vista, but it has its own historic charms. The auditoriums at the three-screen cinema are tiny, in some cases not more than a couple of seats wide, but the starry ceiling, neon sign and Art Deco touches make this a unique place to catch a mix of wide releases and indies. Rockwell Table and Stage - This Los Feliz “table and stage” offers lunch and dinner—grab a table inside the restaurant, bar lounge or alfresco patio—alongside live performances (think: cabaret, live bands and comedy shows). Make sure to hit up the stages “Unauthorized Musical Parody” series for campy musical send-ups of cult classic films, and swing by on Wednes- days for a chance to see a very jazzy Jeff Goldblumplay piano. The Dresden - When you walk into this 1950s-era steakhouse, you’ll feel transported back in time: giant white oversized leather booths, a “Continental” menu of steaks, seafood and pasta, and resident lounge lizard duo Marty & Elaine (the pair were featured alongside Vince Vaughan in 1996’s Swingers, and have been performing regularly at the restaurant since 1982.) Soap Plant Wacko - In the clear light of day, does your apartment look like a shrine to mediocrity? Need a collection of Mao Tse-tung wall art or sparkly unicorn floor mats? Spice it up with the freaky offerings at Wacko Soap Plant, known to locals simply as Wacko’s. A curiosity and book store (with a gallery, La Luz de Jesus, in the back), this sprawling retailer offers an exhaustive collection of everything colorful and cool, like Hindu dashboard deities, Betty Page shower curtains, jalapeno string lights, Tibetan statues, Japanese bobbleheads and Mexi- can death figurines. It’s worth spending an afternoon just amusing yourself with the extensive book collection on kitschy art. Shakespeare Bridge - his 1926 span bridges a small valley in the Franklin Hills enclave of Los Feliz. Despite its name, it doesn’t have a whole lot to do with the famous English playwright. Most people pass along the bridge by car, but you can also venture along its narrow sidewalks and Gothic turrets, or underneath its concrete arches on Monon Street. Ennis House - We should tell you upfront that you can’t actually step inside the Ennis House—unless you’re a personal guest of billionaire owner Ronald Burkle. Instead, you’ll have to admire the Frank Lloyd Wright textile block home from outside its front gate. But admire you will: The Mayan temple-like home is a memorable sight, partially owing to its storied use in films like Blade Runner. 6 ACM PROPERTIES | 3827 EVANS ST, LA 90027 Create a map | Mapcustomizer.com ACMPROPERTIES.COM https://www.mapcustomizer.com/ P:323-662-2772 C: 213-422-2944 LOCATION OVERVIEW 3827 Evans St, Los Angeles, CA 90027 (https://maps.google.com/maps?ll=34.107497,-118.274547&z=15&t=m&hl=en-US&gl=US&mapclient=apiv3Report a map error (https://www.google.com/maps/@34.1074974,-118.274547,15z/data=!10m1!1e1!12b1?source=apiv3&rapsrc=apiv3) 200 m Map data ©2017 Google) 1 of 2 11/21/17, 4:39 PM 7 ACM PROPERTIES | 3827 EVANS ST, LA 90027 ACMPROPERTIES.COM P:323-662-2772 C: 213-422-2944 PROPERTY SUMMARY PROPERTY HIGHLIGHTS 8 UNITS IN LOS FELIZ Investment Highlights • All units are 2 br, 2 baths, with balconies • 4 units have been recently renovated • Upside in rents • Eight parking spaces/carport • On-sitelaundry facility • Each unit is individually metered for electricity and gas.