CENTURY CITY BEVERLY HILLS HOLLYWOOD HILLS WEST HOLLYWOOD MELROSE AVE WARING AVE 843 NORTH LA BREA AVE WILLOUGHBY AVE ROMAINE ST N LA BREA AVE HOLLYWOOD - OWNER-USER OR REDEVELOPMENT SITE for sale
Table of Contents 5 8 11 13 PROPERTY SUMMARY INVESTMENT HIGHLIGHTS LOCAL AMENITIES DEMOGRAPHICS
3 SILVERLAKE HOLLYWOOD DOWNTOWN LOS ANGELES KOREA TOWN HANCOCK PARK MELROSE AVE WILLOUGHBY AVE 843 NORTH LA BREA AVE N LA BREA AVE 904 N La Brea 169 units / 37,385 SF retail Under Construction 915 N La Brea 179 units 33,000 SF retail Built 2016 DETROIT AVE WEST HOLLYWOOD
4 THE GROVE FAIRFAX CENTURY CITY WEST HOLLYWOOD MELROSE AVE WARING AVE WILLOUGHBY AVE 843 NORTH LA BREA AVE N LA BREA AVE 915 N La Brea 179 units 33,000 SF retail Built 2016 925 N La Brea 46,782 SF office 16,000 SF retail Built 2017 HOLLYWOOD 904 N La Brea 169 units / 37,385 SF retail Under Construction
5 843 NORTH LA BREA AVE WILLOUGHBY AVE Property Summary N LA BREA AVE ADDRESS 843 N La Brea Ave Los Angeles CA 90038 PRICE Best Offer RENTABLE SF 3,100 SF LAND AREA SF 10,493 SF ZONING LAC4-1VL APN 5525-004-023
6 100 FEET 100 FEET 100 FEET N LA BREA AVE 57,690 ADT
7 zimas map Address: 843 N La Brea Ave APN: 5525-004-023 Pin #: 141B181 67:43 Tract: TR5310 Block: None Lot: 3+ 4 Arb: None Zoning: LAC4-1VL General Plan: Neighborhood Office Commercial
8 Investment Highlights Exceptional Hollywood real estate on La Brea Ave Upside potential - Opportunity to capture the increasing demand for retail space or vertical redevelopment Excellent local demographics: Over 428k people with average household income exceeding $79k in 3-mile radius Core urban location: Walk Score of 96 - Walker's Paradise
9 Investment Overview CBRE is pleased to offer for sale 843 N La Brea Ave in the Hollywood neighborhood of Los Angeles, CA. The property is the perfect site for an owner/user or investor looking to lease or purchase in the burgeoning center of Hollywood. The site benefits from 100' of frontage on N La Brea Ave, one parcel south of the signalized intersection of Willoughby and La Brea, with over 28,000 vehicle travelers a day. The building is comprised of a 3,100 SF of auto service space with space for 12 parking stalls in the rear of the building. The properties strategic corner location along La Brea Ave provides strong visibility
10 Hollywood A larger-than-life symbol of the entertainment business, Hollywood beckons tourists with landmarks like TCL Chinese Theatre and star-studded Walk of Fame. Highlights include Paramount Pictures, historic music venues like the Hollywood Bowl, and Dolby Theatre, home of the Oscars. Scenesters can choose from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in nearby Thai Town. Nearby world-class entertainment venues include: The Hollywood Bowl, The Pantages Theater, the Hollywood Palladium, El Capitan Theater, the Fonda Theater, Chinese Theater, and Grauman s Egyptian Theater. Close to an abundance of destination hotels, clubs and nightlife including: W Hotel, Lowe s Hollywood Hotel, The Hollywood Roosevelt, Good Times at Davey Wayne s, AVALON Hollywood, Sound Nightclub and Lucky Strick Live. Proximate to the 101 Freeway and linkage to the Greater Los Angeles freeway system. Close to Los Angeles International Airport and Bob Hope Airport. Nearby parks include Las Palmas Playground, Yucca Park Whitley Heights Historic District, De Longpre Park, Runyon Canyon Park, Barnsdall Art Park and Griffith Park.
11 Local Amenities West Hollywood BEVERLY BLVD. MELROSE AVENUE N LA BREA AVE. SANTA MONICA BLVD. District La Brea Hollywood Media District
12 Local Dev Projects Formosa West @ The Lot 5 Stories / 100,000 SF Coming 2017 The Dylan 6 Stories / 298,000 SF 187 Units / 19,559 SF of retail 1040 North La Brea (CIM Development) 9 Stories / 91 Room Hotel The Sycamore 8 Stories 90,000 SF Office / Parking 925 North La Brea (CIM Development) 6 Stories / 62,000 SF 16,000 SF retail (Burke Williams) 46,782 SF office (WeWork) 904 North La Brea (Moll Richardson Site) 7 Stories / 150,000 SF 37,385 SF of retail / 169 residential 915 North La Brea (Angelene) 4 Stories 33,000 SF of retail / 179 residential units
13 Demographic 1 MILE 3 MILES 5 MILES POPULATION 2017 Population - Current Year Estimate 49,073 414,297 977,242 2022 Population - Five Year Projection 50,990 428,267 1,009,688 HOUSEHOLD INCOME 2017 Average Household Income $86,875 $89,168 $84,960 2022 Average Household Income $104,985 $105,189 $98,808 2017 Median Household Income $56,661 $53,767 $50,097 2022 Median Household Income $68,204 $63,207 $56,377 2017 Per Capita Income $46,599 $42,404 $35,806 2022 Per Capita Income $55,994 $49,722 $41,381 HOUSEHOLDS 2017 Households - Current Year Estimate 25,818 193,782 404,891 2022 Households - Five Year Projection 26,723 199,684 416,837 2010 Households - Census 24,577 186,115 390,563 2000 Households - Census 25,002 186,509 389,358 2010-2017 Annual Household Growth Rate 0.68% 0.56% 0.50% 2017-2022 Annual Household Growth Rate 0.69% 0.60% 0.58% 2017 Average Household Size 1.88 2.10 2.38 TRAFFIC COUNTS N La Brea Avenue - Southbound 57,690 N La Brea Avenue - Northbound 46,122
CONTACT FRED AFRAMIAN Lic. 01748185 310 228 2115 fred.aframian@cbre.com CBRE, INC. Broker Lic. 00409987 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.