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3680BEVERLY BLVD
LO S A N G E L E S , C A
FREE STANDING BUILDING WITH DEDICATED PARKING LOT FOR SALE OR LE ASE
Leslie Haro T: 213.277.7247 x 2 [email protected] #: 01829061
Lorena TombT: 213.277.7247 x [email protected] #: 01894475
2 3
3680 Beverly Boulevard Owner User Opportunity For
Sale or For Lease
3680BEVERLY BLVD
LO S A N G E L E S , C A
T A B L E O F C O N T E N T S :
L O C A T I O N & A R E A H I G H L I G H T S
O F F E R I N G & P R O P E R T Y S U M M A R Y34
F I N A N C I A L A N A LY S I S6
L O C A T I O N M A P S8
F L O O R P L A N S9
S I T E P L A N10
C O N T A C T I N F O R M A T I O N11
O F F E R I N G :Urbanlime Real Estate is pleased to present the outstanding opportunity to purchase the fee simple interest at 3680 Beverly Blvd.. The property consists of a 16,020 sf building on a 21,051 sf lot with 95 feet of frontage along Beverly Blvd in the northern edge of Koreatown. The property was recently renovated and is undergoing improvements and upgrades to the facade, flooring and landscaping.
P R O P E R T Y S U M M A R Y :
ADDRESS:3680 Beverly Blvd., Los Angeles, CA 90004
APN: 5501-009-026
OCCUPANCY:100% Owner Occupied (Delivered Vacant @ the COE)
GROSS BUILDING AREA: 16,020 sf
LOT SIZE: 21,051 sf
YEAR BUILT: 1992
FRONTAGE: 95 feet
ZONED: LAM1
INCENTIVES:State Enterprise Zone,
Opportunity Zone & Tier 3 TOC
FAR: 1.75:1
ASKING PRICE: $8.6MM
3680BEVERLY BLVD
LO S A N G E L E S , C A
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KoreatownL O C A T I O N :
The property sits on the heavily trafficked corridor of Beverly Blvd on the edge of Koreatown minutes from Silver Lake, Echo Park, Hollywood and DTLA. The building’s location benefits from the multiple amenities avail-able to the hip communities that surrounds it.
A R E A H I G H L I G H T S :
• Koreatown is the most densely populated district by population in Los Angeles County with 120,000 residents in 2.7 square miles.
• K-Town is a cultural hub of activity, offering residents accessibility to quality Korean eateries and a variety of nightlife options.
• A model of Urban revitalization bringing together educational, retail, hospitality and residential properties to form an eclectic neighborhood.
• Easy access to the neighborhood through the 101 and 10 freeways as well as the Vermont/ Wilshire Metro station and multiple bus lines.
3680BEVERLY BLVD
LO S A N G E L E S , C A
6 7
3680BEVERLY BLVD
LO S A N G E L E S , CA
F O R L E A S E O R S A L EIdeal for an owner user looking to occupy all or a portion of the property. Property has recently been remodeled and improved new paint, landscaping, offices, bathrooms and lighting. The building is currently configured with offices on the second floor and warehouse on the ground floor with a dedicated parking lot and loading area in the rear. The property also offers a tremendous signage opportunity.
Sale Price: $8.6mm Lease Price: $2.50 psf NNN
F I N A N C I A L A N A LY S I SThe following table shows the acquisition financing o ptions p rovided b y George Smith Partners. Each option varies in terms of use and type of loan, which in turn affects the rate and maximum leverage.
The cash flow f or t he i nvestment o ptions a ssumes r ental r ates o f $ 2.50 PSF NNN, and 30% expense ratio with 90% CAM Reimbursements.
For more information on financing options, please contact Bryan Shaffer and Ruben Bohbot from George Smith Partners.
LOAN UNDERWRITINGOwner User Owner User Investment Investment Investment
3680 Beverly Blvd SBA Bank Bank Insurance Bond
Rentable Square Feet 16,021 16,021 16,021 16,021 16,021
Gross Potential $480,600 $480,600 $480,600 $480,600 $480,600
Occupancy 100.00% 100.00% 100.00% 100.00% 100.00%
Parking Spaces 33 33 33 33 33
Rental Income $480,600 $480,600 $480,600
Vacancy Factor 5.00% 5.00% 5.00%
Income After Vacancy $456,570 $456,570 $456,570
Expense Reimbursements $123,274 $123,274 $123,274
Total Income $579,844 $579,844 $579,844
Expenses $136,971 $136,971 $136,971
NOI $442,873 $442,873 $442,873
Projected Debt Service $385,309 $357,787 $237,575
Tenant Improvements (Year 1; $5.00 PSF) $80,105 $80,105 $80,105
Leasing Commissions (Year 1; $2.50 PSF) $40,053 $40,053 $40,053
Net Cash Flow -$62,594 $35,072 $85,140
Capitalization Rate 5.15% 5.15% 5.15%
Value $8,600,000 $8,600,000 $8,600,000 $8,600,000 $8,600,000
Loan Request $7,740,000 $6,450,000 $6,020,000 $5,590,000 $5,590,000
LTV
Max Loan To Value 90% 75% 70% 65% 65%
Max Loan: LTV Test $7,740,000 $6,450,000 $6,020,000 $5,590,000 $5,590,000
DCR
Rate 4.40% 3.70% 4.10% 4.10% 4.25%
Amortization 25 25 25 25 I/O
LOAN OVERVIEWPurchase Price $8,600,000 $8,600,000 $8,600,000 $8,600,000 $8,600,000
Loan Request $7,740,000 $6,450,000 $6,020,000 $5,590,000 $5,590,000
Debt Service $510,999 $395,834 $385,309 $357,787 $237,575
Monthly Debt $42,583 $32,986 $32,109 $29,816 $19,798
Loan to Value 90.00% 75.00% 70.00% 65.00% 65.00%
Loan per SF $483.12 $402.60 $375.76 $348.92 $348.92
Value per SF $536.80 $536.80 $536.80 $536.80 $536.80
Bryan ShafferPrincipal and Managing Director
O: 310.867.2906M: 310.270.6328
Ruben BohbotAssistant Vice President
O: 310.867.2969M: 310.923.0555
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CA 110CA 110
Venice Boulevard
Vermont/Beverly
Wilshire/Vermont
Wilshire/Western
MetroRed/Purple
LinesEntrance
MetroRed/Purple
LinesEntrance
BEVERLY BLVD
W 3RD ST
WILSHIRE BLVD
KOREATOWN
W 7TH ST
W 7TH ST
W 6TH ST
BEVERLY BLVD
SILVER LAKE BLVD
SUN
SETB
LVD
TEMPLE ST
W OLYMPIC BLVD
W PICO BLVD
S N
OR
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IE A
VE
WES
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WES
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IRO
LO S
T
S V
ERM
ON
T A
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S V
IRG
IL A
VE
HO
OV
ER A
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ALVA
RADO
ST
NO
RM
AN
DIE
AV
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S W
ILTO
N P
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CREN
SHAW
BLV
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WILSHIRE BLVD
W 8TH ST
N V
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ON
T A
VE
Vermont/Beverly
Westlake / MacArthur Park StationWilshire/
Western
MELROSE AVENUE
3680BEVERLY BLVD
LO S A N G E L E S , C A
R E S T A U R A N T S1. Sun Ha Jang Restaurant
2. Soban Restaurant
3. Mapo Galbi
4. Han Bat Shul Lung Tang
5. Ma Dang Gook Soo
6. Dumpling House
S P A S7. Beverly Hot Springs
8. Grand Spa
9. Crystal Spa
C O F F E E10. Alchemist Coffee Project
11. Balcony Coffee and Tea
12. Bia Coffee
D E V E L O P M E N T S13. 700 Manhattan(160-unit mixed-use complex)
14. 8th & Harvard (131-unit mixed-use site)
15. Rise Koreatown (369-unit mixed use)
16. 433 S Vermont ave (72 residential units)
17. 3170-3188 W. Olympic Boulevard,
(252 apartments, 32,100 square feet of retail)
18. Wilshire & St. Andrews (227-Unit Development)
19. 968-974 S. Fedora Street (50 residential units)
20. 8th and Berendo Streets (98-unit mixed use)
21. 738 Normandie (50-Unit apartment building)
22. 200 N. Vermont Avenue (490 residential units)
23. 2900 Wilshire Boulevard (25 stories, 644 units,
15,000 square feet of retail)
24. Madison Grove (35-unit residental development)
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2021
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23OPEN OFFICE SPACE
PRIVATE OFFICE
PRIVATE OFFICE
PRIVATE OFFICE
OFFICE MEN WOMEN
EQUIP. ROOM
ELV.
PRIVATE OFFICEPRIVATE OFFICE
OPEN OFFICE SPACE
RECEPTION
LOBBY
OPEN OFFICE SPACE
STORAGE
PHOTOSHOOT
STORAGE
STORAGE RESTROOM
SHOWER
OPEN MEETING SPACE
49'-8
"
39'-8"9'-1"7'-8"
5'-1
"21
'-1"
7'-9
"
18'-1"10'-1
0"
8'-1"
27'-2
"
18'-1" 11'
30'-7"
31'-1
"5'
-7"
5'-6" 6'-7"
7'-1
"
7'-1
"
3'-1
0"
8'-7"
14'-6
"
28' 28'-6"
11'-3"
18'-2
"
12'-1"
15'-1
"
13'-4"
10'-9
"
10'-3"
10'-3"
7'-7
"
10'-1
0"
10'-5"
15'-6
"
11'-9"
23'-5
"
10'-3
"
11'-4"
16'-10"
16'-10"
18'-5"
UTILITY ROOM
12'-8"
23'-4
"
MEN WOMEN
ELV.
PRIVATE OFFICE PRIVATE OFFICE
STORAGE
KITCHEN/ LUNCH ROOM
PRIVATE OFFICE
LOBBY
1HR CORRIDOR
PRIVATE OFFICE
PRIVATE OFFICE
PRIVATE OFFICE
OPEN OFFICE SPACE
OPEN OFFICE SPACE
OPEN OFFICE SPACE OPEN OFFICE SPACE
26'-3
"
18'-1"8'-1"
17'-10"
11'-1
0"
14'-4"
11'-1
0"
40'-3"
23'
14'-4"
8'-1
0"
7'-8"
6'-3
"
7'-8"
9'
18'-5"
29'-2
"
21'-3"
44'-2
"
15'-7"17'-4"
44'-2
"
30'-4"
44'-2
"
21'-9
"
17'-9"
22'
17'-9"
PRIVATE OFFICE
1st Floor 2nd Floor
Beverly Blvd Beverly Blvd
3680BEVERLY BLVD
LO S A N G E L E S , C A
F L O O R P L A N S
10 11
Leslie Haro T: 213.277.7247 x 2
[email protected] #: 01829061
Lorena TombT: 213.277.7247 x 1
[email protected] #: 01894475
www.URBANLIMEre.com
@urbanlime_realestate
Disclaimer: This information has been secured from sources we believe to be reliable, however we make no representation or warranties as to the accuracy
of the information. References to square footage or age are approximate.
3680BEVERLY BLVD
LO S A N G E L E S , C A
F L O O R P L A N SM
ADIS
ON A
VEBEVERLY BLVD
22 standard stalls - 10 tandem stalls - 1 handicap stall
