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3755 Beverly Blvd
0.55 Acres of Commercial Land in Los Angeles, CA 90004
Investment Highlights
- Call For Offers by November 5, 2021
- Within Walking Distance of Beverly/Vermont Metro Station
- Qualified Opportunity Zone and Tier 4 TOC
- 110± Unit Mixed Use Development Site with 7,000± SF of Ground Floor Retail
- Zoned LA C2-2 & CM-1
- Per the Seller, All Leases Have a Demolition Clause or Are Short Term
Executive Summary
Financial Summary (Actual - 2020) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
£346,421
|
£628,712.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£346,421
|
£628,712.90
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2020)
| Gross Rental Income | |
|---|---|
| Annual | £346,421 |
| Annual Per AC | £628,712.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | £346,421 |
| Annual Per AC | £628,712.90 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Development Sale | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.55 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment or Owner User |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.55 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 0.55 AC |
| Lot Size | 0.55 AC |
The property consists of three parcels, one of which is zoned C2-1 and two are zoned (Q)CM-1. The property is also located within Subarea C of the Vermont/Western ("SNAP") specific plan.
Description
110± unit mixed-use development site. 2-street corner frontage. 24,000± SF of land. East Hollywood/Koreatown/Silver Lake adjacent. Existing 14,000± SF medical/office building. Seller has approval from the City of Los Angeles to convert 7,000± SF of indoor parking into office. This would make the RBA closer to 21,000± SF. Located in qualified Opportunity Zone. TOC Tier 4. Per the seller, all leases have a demolition clause, or are short term. As the existing buildings are all commercial, there is no need to "Ellis Act" the existing tenants or make "Cash for Keys" payments to build. The project would be exempt from SB 330. Sale price TBD (call broker). Call for offers by November 5, 2021.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £583,168 (2024) | |
| Land Assessment | £2,703,367 (2024) | Total Assessment | £3,286,535 (2024) |
PROPERTY TAXES
zoning
| Zoning Code | LAC2 |
| LAC2 |
-
Anthony Behar -
Major Properties
Presented by
3755 Beverly Blvd
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