HOLLYWOOD, CALIFORNIA DUPLEX | 2 SEPARATE HOUSES | …...ZI-2374 LOS ANGELES STATE ENTERPRISE ZONE ZI-2452 Transit Priority Area in the City of Los Angeles ZI-2433 Revised Hollywood

1239N. BEACHWOOD DR.

HOLLYWOOD, CALIFORNIA

DUPLEX | 2 SEPARATE HOUSES | R3-1 ZONING

OFFERING MEMORANDUM

DARIO [email protected]# 01884474

ZACHARY [email protected]# 01814990


HOLLYWOOD, CALIFORNIA

Exclusively Listed by

Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built.

1239 N BEACHWOOD DR. | PRESENTED BY SVIDLER & KRASMAN | 3COMMERCIAL


ZacharyKrasmanCommercial Associate Partner

Zachary joined Partners Trust Commercial in 2016 after almost 10 years in commercial real estate with his previous firm, Investment Real Estate Associates. As a Partner in a group at IREA, he assisted more than $260,000,000 in closings since 2012, and brings with him that experience and continued dedication to his clients. Zachary specializes in the sale and acquisitions of multifamily and commercial properties in Los Angeles, with a keen knowledge and focus in West Hollywood, Beverly Hills, and Santa Monica.

Zachary lives in Santa Monica with his husband, Nikolas, and their daughter, Norah, and has a passion for dogs, technology, and the culinary arts.

calbre# 01814990

DarioSvidlerExecutive Vice PresidentCommercial Division

I grew up with Real Estate all around me. My father, a Structural Engineer and practicing General Contractor, and my mother, an Architect, havebeen bringing me to their job sites since I was born.

I have experienced all facets of the Construction and Real Estate Businesses, ranging from Commercial and Industrial to all types of Residential.As a Real Estate Salesperson, I have sold in excess of $200 million in Real Estate and am well on my way to doubling that number. My talent infinding Value-Add Properties have made me an indispensable asset to a select group of Clients and Investors looking to add higher-yieldingproperties to their portfolio.

I am a member of the Real Estate and Construction Division of the Jewish Federation and an alumnus of the American Jewish University.

calbre# 01884474



Zoning allows for 8 units, by right. 60% Density Bonus under new TOC Guidelines.

THEOFFERING2 HOUSES ON ONE LOT // EACH WITH ITS OWN YARD + DECK

The subject property is comprised of two homes on a single lot located in the vibrant Hollywood neighborhood of Los Angeles, California. Situated on a tree-lined street, each of these two nicely laid out houses enjoy their own patio area. With a large, shared garage, this Hollywood sanctuary is highly sought after by tenants.

The property is perfect for an owner/user, providing a buyer with additional rental income to offset their mortgage payment.

Development potential is also prime. The property is zoned R3-1, allowing for 8 units, by right. The lot is recognized as Tier 3 under the new TOC Guidelines under Section 6 of Measure JJJ. This allows for a 70% density bonus and less restrictive parking requirements (1 space/dwelling).




PROPERTY OVERVIEW

1239 N Beachwood Dr, Los Angeles, CA 90038

PRICE $1,299,000

BUILDING SIZE 1,635 SQ. FT.

LOT SIZE 6,749 SQ. FT.

PRICE PER UNIT $649,500

PRICE PER SQ. FT. $795

LOT DIMENSIONS 50 x 135

APN 5534-015-007

ZONING LAR3-1

TOC TIER 2 DENSITY BONUS 60%


PROPERTY HIGHLIGHTS

• Individual Detached Homes

• High Rent Potential

• Gated Parking

• Tree-Lined Street

• In the heart of Hollywood, California

• Zoned Allows for 8 units by right

• Measure JJJ: TOC Tier 3 (70% Density Bonus)

• 1 Block North of Hollywood Forever Cemetary

• 2 Blocks South of Hollywood Pantages Theatre


1239N. BEACHWOOD DR.PROPERTY PHOTOS


1239N. BEACHWOOD DR.PROPERTY PHOTOS


1239N. BEACHWOOD DR.PROPERTY PHOTOS | Front House






1239N. BEACHWOOD DR.PROPERTY PHOTOS | Rear House


1239N. BEACHWOOD DR.FLOOR PLANS


FRONT HOUSE REAR HOUSE



Unit Type Move-in Date Rent

Front 2+1 6/1/13 $2,300

Rear 2+1 1/10/15 $1,801

MonthlyIncome $4,101

AnnualIncome $49,212

RENT ROLL



1239N. BEACHWOOD DR.PARCEL PROFILE


City of Los AngelesDepartment of City Planning

10/17/2017PARCEL PROFILE REPORT

Address/Legal InformationPIN Number 144B189 200Lot/Parcel Area (Calculated) 6,749.9 (sq ft)Thomas Brothers Grid PAGE 593 - GRID G5Assessor Parcel No. (APN) 5534015007Tract GRIDER AND HAMILTONS HOLLYWOOD TRACTMap Reference M B 9-12Block NoneLot 317Arb (Lot Cut Reference) NoneMap Sheet 144B189Jurisdictional InformationCommunity Plan Area HollywoodArea Planning Commission CentralNeighborhood Council Hollywood Studio DistrictCouncil District CD 13 - Mitch O'FarrellCensus Tract # 1909.02LADBS District Office Los Angeles MetroPlanning and Zoning InformationSpecial Notes NoneZoning R3-1Zoning Information (ZI) ZI-1352 Hollywood Redevelopment Project

ZI-2277 Hollywood Redevelopment ProjectZI-2374 LOS ANGELES STATE ENTERPRISE ZONEZI-2452 Transit Priority Area in the City of Los AngelesZI-2433 Revised Hollywood Injunction

General Plan Land Use Medium ResidentialGeneral Plan Footnote(s) YesHillside Area (Zoning Code) NoSpecific Plan Area None Subarea NoneSpecial Land Use / Zoning NoneDesign Review Board NoHistoric Preservation Review NoHistoric Preservation Overlay Zone NoneOther Historic Designations NoneOther Historic Survey Information NoneMills Act Contract NoneCDO: Community Design Overlay NoneCPIO: Community Plan Imp. Overlay None Subarea NoneCUGU: Clean Up-Green Up NoneNSO: Neighborhood Stabilization Overlay NoPOD: Pedestrian Oriented Districts NoneSN: Sign District NoStreetscape NoAdaptive Reuse Incentive Area Adaptive Reuse Incentive Areas

PROPERTY ADDRESSES1239 N BEACHWOOD DR1239 1/2 N BEACHWOOD DR

ZIP CODES90038

RECENT ACTIVITYAdaptive Reuse Incentive Spec. Pln-Ord 175038

CASE NUMBERSCPC-2016-1450-CPUCPC-2014-669-CPUCPC-2005-6082-CPUCPC-2003-2115-CRACPC-1999-324-ICOCPC-1999-2293-ICOCPC-1997-43-CPUCPC-1986-835-GPCORD-182960ORD-182173-SA18:6ORD-173562ORD-165663-SA380ENV-2016-1451-EIRENV-2014-670-SEENV-2005-2158-EIR

This report is subject to the terms and conditions as set forth on the website. For more details, please refer to the terms and conditions at zimas.lacity.org(*) - APN Area is provided "as is" from the Los Angeles County's Public Works, Flood Control, Benefit Assessment.

zimas.lacity.org | planning.lacity.org

Ellis Act Property NoRent Stabilization Ordinance (RSO) YesTransit Oriented Communities (TOC) Tier 2CRA - Community Redevelopment Agency Hollywood Redevelopment ProjectCentral City Parking NoDowntown Parking NoBuilding Line None500 Ft School Zone No500 Ft Park Zone NoAssessor InformationAssessor Parcel No. (APN) 5534015007APN Area (Co. Public Works)* 0.155 (ac)Use Code 0200 - Residential - Double, Duplex, or Two Units - 4 Stories or LessAssessed Land Val. $655,452Assessed Improvement Val. $280,908Last Owner Change 05/06/2016Last Sale Amount $900,009Tax Rate Area 200Deed Ref No. (City Clerk) 85032-34

786346767545720422704417690373441986375666-682063156174898314-15

Building 1 Year Built 1920 Number of Units 1 Number of Bedrooms 2 Number of Bathrooms 1 Building Square Footage 956.0 (sq ft)Building 2 Year Built 1924 Number of Units 1 Number of Bedrooms 1 Number of Bathrooms 1 Building Square Footage 679.0 (sq ft)Building 3 No data for building 3Building 4 No data for building 4Building 5 No data for building 5Additional InformationAirport Hazard NoneCoastal Zone NoneFarmland Area Not MappedUrban Agriculture Incentive Zone YESVery High Fire Hazard Severity Zone NoFire District No. 1 NoFlood Zone NoneWatercourse NoHazardous Waste / Border Zone Properties NoMethane Hazard Site None

This report is subject to the terms and conditions as set forth on the website. For more details, please refer to the terms and conditions at zimas.lacity.org(*) - APN Area is provided "as is" from the Los Angeles County's Public Works, Flood Control, Benefit Assessment.

zimas.lacity.org | planning.lacity.org


1239N. BEACHWOOD DR.LOCATION / NEARBY ATTRACTIONS


SUBJECTPROPERTY



A larger-than-life symbol of the entertainment business.

AREA/MARKETOVERVIEWHOLLYWOODHollywood is a neighborhood in the central region of Los Angeles, California. This ethnically diverse, densely populated neighborhood is notable as the home of the U.S. film industry, including several of its historic studios, and its name has come to be a shorthand reference for the industry and the people in it. 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.

DEMOGRAPHICSThe 2000 U.S. census counted 77,818 residents in the 3.51-square-mile (9.1 km2) Hollywood neighborhood — an average of 22,193 people per square mile (8,569 per km2), the seventh-densest neighborhood in all of Los Angeles County. In 2008 the city estimated that the population had increased to 85,489.

PARTNERS TRUST COMMERCIAL9378 Wilshire Boulevard, Suite 200Beverly Hills, CA 90212

PARTNERSTRUSTCOMMERCIAL.COM


DARIO [email protected]# 01884474

ZACHARY [email protected]# 01814990

Exclusively Listed by

Documents

HOLLYWOOD, CALIFORNIA DUPLEX | 2 SEPARATE HOUSES | …...ZI-2374 LOS ANGELES STATE ENTERPRISE ZONE ZI-2452 Transit Priority Area in the City of Los Angeles ZI-2433 Revised Hollywood