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For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected] More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
HollywoodLos FelizCa
liforn
ia
4675 - 4685
Boulevard
R e t a i l / R e s t a u r a n t S p a c e f o r L e a s e
North
Ver
mon
t Ave
nue
Hollywood Boulevard
Subject
Leasing AgentAndrew CohenSenior Associate - [email protected] 310.402.0211LIC # 01996379 (CA)
Content3The Space
6The Market Area
7The Location
3For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
The SpaceSite Plan
Address SF Type Rate/SF Term
4679 Hollywood Boulevard Los Angeles, CA 90027 ± 1,000 SF Restaurant Negotiable Negotiable
4681 Hollywood Boulevard Los Angeles, CA 90027 ± 1,000 SF Retail Negotiable Negotiable
Space Available for Lease
Pegasus4
Property Highlights• Can deliver 1,000 - 3,000 SF plus mezzanine
space
• Zoned for food use
• Building features high ceilings, exposed brick and huge character
• Join Percolate Tea & Coffee
• Rent and lease term are negotiable
• Nets are approximately $6.00/foot annually
• Freshly renovated to enhance the building’s 1920’s charm
• Rare, on-site surface parking
Address 4675 - 4685 Hollywood BoulevardLos Angeles, CA 90027
Assessor’s Parcel Number (APN) 5542-001-004
Zoning C2
Gross Leasable Area ± 6,473 SF
Lot Size ± 13,504 SF
Building & Site Profile
Year Built / Renovated 1923 / 2018
Frontage 100’
Delivery Warm Restaurant/ Retail Shell
Availability Immediate Availablity
5For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
Location Highlights• Situated on a stretch of Hollywood Boulevard that has become
the food and drink mecca of Los Feliz, with the likes of Kismet, Kismet Rotisserie, McConnell’s Ice Cream, Go Get Em Tiger Coffee, Homestate, Bar Covell and Umami Burger all on the block
• Walking distance from Children’s Hospital Los Angeles, Kaiser Permanente Los Angeles Medical Center and CHA Hollywood Presbyterian Medical Center, which are major drivers of traffic
• Adjacent to the Griffith Observatory, Griffith Park and the Greek Theater, some of Los Angeles’ major tourist destinations
• Los Feliz’s median household income is $63,438 and 66% of residents are college educated, representing the highest figures on the east side of LA (source: Trulia)
• Many entertainment executives and celebrities live in Los Feliz due to nearby entertainment/production companies such as Netflix, Sunset Bronson and Sunset Gower studios, less than 2 miles away
Subject
2018 Est. MedianHome Sale Price
2018 Est. Population
61,1641-Mile
$1,704,250
$70,246
2018 Est. AverageHousehold Income
1-Mile
Pegasus6
Los Angeles, California As California’s liveliest and largest metropolis and the entertainment capital of America, Los Angeles has long been known as a city of dreams. The City of Angels is the second largest city in the United States and has been designated an Alpha world city. Located on Southern California’s Pacific coast, it is the main hub of the Southern California region with legendary Hollywood northwest of downtown, the San Fernando Valley to the east, and the inviting beaches of Santa Monica and Malibu to the west.
The economy of the city of Los Angeles is highly diversified, with strong sectors in services, wholesale and retail trade, manufacturing, government, financial service industries, transportation, utilities, and construction. The entertainment and tourism industries also contribute significantly to the economy. The trade volume of its busy port is the highest in the nation and one of the highest in the world.
The Market Area
7
Los Feliz is a hillside neighborhood in the central region of Los Angeles, bordering Hollywood and encompassing part of the Santa Monica Mountains. Located between Interstates US-101 and I-5 at the base of Mount Hollywood, the neighborhood is famous for its proximity to the iconic Griffith Observatory, the Greek Theater and also for being home to many of Hollywood’s elite and movie stars. A pedestrian-friendly neighborhood exuberating a relaxed vibe, Los Feliz houses an eclectic selection of artisanal shops and eateries, a collection resembling the cultural diversity of its residents. On its east side, the neighborhood boasts some of the most splendid and influential residential architecture in Los Angeles, including the Ennis House and the Hollyhock house designed by Frank Lloyd Wright. Apart from its colorful history and local boutiques, Los Feliz is also welcoming new and large scaled developments into town. At the southeast corner of Western and Franklin Avenues, a five-story structure including 96 apartments and 5,500 SF of ground-floor commercial space is underway. Los Feliz is a well-balanced mixture of history and modernity, an urban charm that continuously draws in Los Angeles natives and tourists from all over the world.
Los FelizThe Location
Sitting on the southern end of Los Feliz centered on Vermont and Hillhurst Avenues, Los Feliz Village is deemed as one of Los Angeles’ most walkable commercial districts and as the heart of the neighborhood. This area of Los Feliz is dotted with most of the commercial storefronts in the district, ranging from restaurants, coffee shops, and specialty dive bars to boutiques, a neighborhood movie house and vintage stores. More than 300 independent and creative spirited merchants call Los Feliz Village home, adding to the unique personality of this eclectic neighborhood.
Los Feliz Village
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A mile walk up Vermont Avenue from the Los Feliz Village, the Griffith Observatory sits on the south-facing slope of Mount Hollywood in Los Angeles’ Griffith Park, one of the largest urban parks in the United States. Since it’s opening in 1935, the facility has been a national leader in public astronomy and has become the most visited public observatory. A unique hybrid of public observatory, planetarium and exhibition space, the Griffith Observatory has welcomed and educated over 81 million visitors as the best vantage point for observing the Hollywood sign and downtown Los Angeles.
The Griffith Observatory
Nestled in Griffith Park just east of the Griffith Observatory, the Greek Theater is a 5,780-seat outdoor entertainment venue owned by the city of Los Angeles. One of the nation’s most recognized and adored music venues, the historic Greek Theater has hosted some of the biggest legends and icons in music, including Frank Sinatra and Bruce Springsteen, among many others. The exquisitely designed venue is also a popular site for graduation ceremonies, stage shows and backdrops for films and TV shows. Over the past eight years, the Greek Theater has proudly won the “Best Small Outdoor Venue” award seven times.
The Greek Theater
9
Merely half a mile from the available space at Vermont Avenue and Sunset Boulevard, the Kaiser Permanente Los Angeles Medical Center is a general medical and surgical facility operated by Kaiser Permanente, the nation’s leading non-profit health plan provider. One of the two largest medical centers in Los Angeles, the hospital provides personalized and premium healthcare for residents and visitors in the area. To better serve the patients’ needs and increasing demands, the medical center is planning for an expansion to add over 425,000 SF of new medical facilities between the years of 2020 and 2030. The construction will include a 50,000 SF Procedure Center, a 132,000 SF medical office, and an eight-story, 200-stall parking garage.
Kaiser Permanente Los Angeles Medical Center
Just a short walk from the subject property at the southeast corner of Sunset Boulevard and Vermont Avenue, Children’s Hospital of Los Angeles is a respected non-profit institution that provides quality pediatric health care. Contributing more than $232M in community benefits to children and families, the hospital is the first and largest pediatric hospital in Southern California. The facility strives to meet the distinct needs of every child; it offers more than 350 pediatric specialty programs.
Children’s Hospital Of Los Angeles
CHA Hollywood Presbyterian Medical Center is a private hospital located at Vermont Avenue and Fountain Avenue, just a few minutes walking distance from the available space. With more than 500 experienced physicians representing a full range of specialties, the general medical and surgical facility provides comprehensive and quality care for the Hollywood community and surrounding areas. An exceptional community health care provider, CHA Hollywood Presbyterian Medical Center holds the distinction of being one of the first hospitals in Los Angeles and of being the first hospital in Hollywood. The hospital has been undergoing a $350M campus upgrade over the last few years and commenced the final phase upon the ground breaking of a new $291M patient care tower in mid-2018. Featuring an emergency department double the size of the existing facility, a maternity and neonatal intensive care unit as well as a new medical surgical unit with all private room, this state-of-the-art facility will have 175,000 SF of usable space.
CHA Hollywood Presbyterian Medical Center
Architectural Rendering - Kaiser Permanente Los Angeles Medical Center
For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
Pegasus10
Population 1-Mile 3-Mile 5-Mile
2018 Estimate 61.164 423,566 1,089,745
Growth 2010 - 2018 0.12% 7.71% 6.70%
Households 1-Mile 3-Mile 5-Mile
2018 Estimate 26,737 173,068 434,982
Growth 2010 - 2018 0.98% 6.47% 6.15%
Income 1-Mile 3-Mile 5-Mile
2018 Est. Average Household Income $70,246 $69,822 $73,447
Property Demographics
“Los Feliz has remained a popular celebrity enclave.” -LA Times
The Los Feliz 3 Cinemas sits just below the Historic Griffith Observatory along with an exquisite selection of shops, restaurants and boutiques. Featuring a handpicked collection of movies, the theater provides its audiences an unparalleled viewing experience with its state of the art Sony 4K Digital Presentations and amenities.
Los Feliz 3 Cinemas
Located in downtown Los Feliz, the Vista Theater has been providing a timeless moviegoing experience since 1923. The original, now-refurbished, theater venue offers a classic viewing experience alongside modern comforts such as Dolby Digital 7.1 Sound and a screen image that exceeds Studio Ansi-Lumen standards. For audiences and directors who are fond of celluloid, the theater also preserved the time-honored Simplex 35mm Film Projection System for a definitive viewing experience.
Vista Theater
For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
CONFIDENTIALITY & DISCLAIMER STATEMENTThe information contained in this Leasing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Pegasus Investments and should not be made available to any other person or entity without the written consent of Pegasus Investments. This Leasing Package has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Pegasus Investments has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition of the business prospects of any tenants, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Leasing Package has been obtained from sources we believe to be reliable; however, Pegasus Investments has not verified, and will not verify, any of the information contained herein, nor has Pegasus Investments conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Some or all of the photographs contained within may have been altered from their original format. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Leasing AgentAndrew Cohen
Senior Associate - [email protected]
O 310.402.0211LIC # 01996379 (CA)
HollywoodLos FelizCa
liforn
ia
4675 - 4685
Boulevard
Pegasus
ABOUT PEGASUSPegasus is a boutique commercial real estate investment and advisory firm based in Los Angeles, California. Specializing in retail shopping centers, single tenant net leased and multifamily properties throughout the United States, Pegasus has consistently delivered on its 30 year reputation of providing high quality, white glove service throughout all stages of the investment sales process. Pegasus provides its clients, which include high net worth private investors, family trusts, private & public REITs, local and regional developers and syndicators with advisory services encompassing underwriting, market research, investment sales and asset management. Pegasus continues to set the bar for high quality, boutique investment sales brokerage and advisory by relying on its industry-leading talent which include experienced institutional and private sector investors.
DAVID CHASINManaging [email protected] 310.691.1350 x 101LIC # 01513027 (CA)
DAYLIN ACKERMANVice [email protected] 310.691.1350 x 114LIC # 02011508 (CA)
TONY VEILLERSenior [email protected] 310.691.1350 x 113LIC # 01995952 (CA)
KEN [email protected] 310.691.1350 x 100LIC # 00776468 (CA)
1901 Avenue of the Stars, Suite 630Los Angeles, CA 90067
www.pegasusinvestments.com310.691.1350
BRAD KRITZERManaging [email protected] 310.691.1350 x 106LIC # 01918111 (CA)
KEVIN SHELBURNSenior Vice [email protected] 310.691.1350 x 105LIC # 01861409 (CA)
TREVOR NELSONManaging [email protected] 310.691.1350 x 104LIC # 01495150 (CA)
STEPHEN APFELSenior [email protected] 310.691.1350 x 119LIC # 02076409 (CA)
KATHERINE WEAVERVice [email protected] 310.691.1350 x 115LIC # 02004937 (CA)
TALIA TONTIOffice [email protected] 310.691.1350 x 108
ANDI BUSTAMANTEHead of [email protected] 310.691.1350 x 116
SETH BELLManaging [email protected] 310.961.2002
JUSTIN HERMANSenior Asset [email protected] 310.691.1350 x 151LIC # 02038667 (CA)
JONATHAN KHOURYPortfolio [email protected] 310.691.1350 x 152LIC # 01957203 (CA)
CHAD BUELOWManaging [email protected] 310.691.1350 x 111LIC # 01854509 (CA)
TYLER JOHNSONVice [email protected] 310.691.1350 x 112LIC # 01947197 (CA)
JACK [email protected] 310.691.1350 x 117LIC # 02056168 (CA)
PEGASUS INVESTMENTS REAL ESTATE ADVISORYLIC # 01961545
PEGASUS ASSET MANAGEMENTLIC # 01961545
NOAH ZGRABLICHJunior Asset [email protected] 310.691.1350 x 153
PEGASUS CAPITAL MARKETSLIC # 01950432
MICHAEL SPECTORDirector of Sales & [email protected] 310.691.1350 x 109LIC # 01969966 (CA)
ANDREW COHENSenior Associate - [email protected] 310.402.0211LIC # 01996379 (CA)
TYLER COLDWELLDevelopment [email protected] 310.691.1350 x 155
JASMINE GUOMarketing [email protected] 310.691.1350 x 121
