Bel Air 2323 ROSCOMARE ROAD · rsfLA, Inc., as the Exclusive Agent, is pleased to present the rare opportunity to acquire 2323 Roscomare Rd (“Property”), located in prestigious

2323 ROSCOMARE ROAD2323 ROSCOMARE ROADBel el Airir

Erica Taylor310-626-08891450 2nd Street Santa Monica, CA 90401

Commercial Leasing & Investment Sales

[email protected]

Michael Preiss310-686-8909

[email protected] BRE # 01095117

rsfLA, Inc., as the Exclusive Agent, is pleased to present the rare opportunity to acquire 2323 Roscomare Rd 2323 Roscomare Rd (“Property”), located in prestigious Bel Air. Known for its affluence and beautiful views of Beverly Crest canyon, Bel Air is an esteemed neighborhood that makes up the famed Platinum Triangle. This generational property has not hit the market in over 60 years, making it an exclusive opportunity for acquisition. The Property, boasting over an acre, consists of mostly flat land, ideal for redevelopment. There is excellent potential for income growth by redeveloping the current retail into residential apartments or condos with the added bonus of generating income while undergoing the permitting process.

RARE INVESTMENT OPPORTUNITY

T 310-526-0909www.rsfLA.comBRE # 01095117

2323 ROSCOMARE ROAD2323 ROSCOMARE ROADBel AirBel Air

Bel Air

Address

APN

Building Size

Lot Size

Parking

Zoning

Stories

Year Built

2323 Roscomare RoadLos Angeles, CA 90077

437-801-9005

Approximately 11,000 square feet


45 spaces

Price Offered without an asking price. Purchasers should base their offer on the “As Is, Where Is” condition of the Property

[T] [Q] C1-1XL-HCR

1 story with mezzanine space

1952

INVESTMENT SUMMARY



RENT ROLL

Master Tenant

Square Feet

Lease Expiration

Lease Type

Monthly Rent

Sublessees

Greenhouse Brands, Inc.


April 30, 2021

Triple Net

May 1, 2017 - $22,000May 1, 2018 - current rent plus CPI, min 2%/max6%May 1, 2019 - current rent plus CPI, min 2%/max 6%May 1, 2020 - current rent plus CPI, min 2%/max 6%

Peakaboo Playland Bel Air, LLC - 3,000 square feetJoanie and Leigh's Cakes, LLC - 1,940 square feet





405110

710

105

10

5

10

1

2

134101

101

Marina del Rey

Santa Monica

Malibu PacificPalisades

SilverLake

Culver City

BeverlyHills

LAXLAX

UCLA

Bel AirBel AirStudio CityStudio City

Century CityCentury City

Hollywood

WestHollywood

LosAngeles


2323 ROSCOMARE ROAD2323 ROSCOMARE ROAD

2323 ROSCOMARE ROAD2323 ROSCOMARE ROAD

Bel AirBel Air

5

FUTURE DEVELOPMENT POTENTIAL2323 Roscomare Rd2323 Roscomare Rd offers the once in a lifetime opportunity to acquire over an acre of land in the prestigious Bel Air neighborhood of Los Angeles. Famed for it’s high profile residents, Bel Air is home to some of the most expensive homes in America. The use of the prop-erty as a commercial site with its current improvements is not considered the highest and best use and would be best redeveloped into multifamily apartments or condominiums. The parcel is a unique piece of commercial zoned property, bordered by multiple zoned residential property on both the north and south sides. The property is currently zoned [T] [Q] C1-1XL-HCR, a 1986 modification related to a commercial development on an adjacent property. A change back to the underlying C1-1 zone would allow both apartments and condominiums. Any new develop-ment will need to conform to the new Baseline Hillside Ordinance and the new Hillside Construc-tion Regulation. Additional documentation related to the current and prior zoning, as well as the 1986 modification, will be made available to those with serious inquires. As in any redevelopment project, the buyer must make their own independent investigations into any potential zone change to determine feasibility of their proposed project



[email protected] Taylor

FOR MORE INFORMATION

310-626-0889

[email protected] Preiss

310-686-8909

23232323ROSCOMARE ROADROSCOMARE ROAD

Bel AirBel Air

1450 2nd Street Santa Monica, CA 90401www.rsfLA.com

Commercial Leasing & Investment Sales

BRE # 01095117rsfLA, Inc., or its personnel makes no warranties, representations or guarantees about the informa-tion provided herein. These materials are based on information and content provided by others, which we believe are accurate, however, it has not been verified and all interested parties must inde-pendently confirm its accuracy. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and estimates provided are for purposes of example and may not represent the current or future perfor-mance of this property. Your tax, financial, legal and toxic substance advisors should conduct a care-ful investigation of the property and its suitability for your needs, including land use limitations.

Documents

Bel Air 2323 ROSCOMARE ROAD · rsfLA, Inc., as the Exclusive Agent, is pleased to present the rare opportunity to acquire 2323 Roscomare Rd (“Property”), located in prestigious