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OFFERING MEMORANDUM 1511 ROSALIA RD LOS FELIZ, CA 90027

ROSALIA RD - LoopNet...ROSALIA RD INVESTMENT OVERVIEW LOS FELIZ, CA 90027 1511 ROSALIA RD I THE OFFERING Josh Luchs of CBRE is pleased to present for sale a 6 unit multifamily building

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  • OFFERING MEMORANDUM

    1511R O S A L I A R D

    LO S F E L I Z , C A 9 0 0 2 7

  • AFFILIATED BUSINESS DISCLOSURE

    CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

    CONFIDENTIALITY AGREEMENT

    Your receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

    If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

    DISCLAIMER

    This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

    The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

    Copyright Notice

    © 2019 CBRE, Inc. All Rights Reserved.

  • I .

    II .

    III .

    IV.

    Investment Summary

    Financial Overview

    Market Comparables

    Market Overview

    CONTACTJOSH LUCHS

    Senior Vice PresidentO: +1 310 550 2676C: +1 818 231 2477Lic. [email protected]

    JUSTIN ROMIG

    Investment AssociateLic. 02071467

    DAVID HENNEY

    Investment AssociateLic. 01960833

    EVAN WOOD

    Investment AssociateLic. 02046856

    JARED FELDMAN

    Investment [email protected]

    DUSTIN DAHAN

    Investment AssociateLic. 02085403

    JAMES KEADY

    Investment AssociateLic. 01943024

    LOS FELIZ, CA 90027

    1511ROSALIA RD

  • I N V E S T M E N T O V E R V I E W

    LOS FELIZ, CA 90027

    1511R O S A L I A R D

    I

  • THE

    OFFERING

    Josh Luchs of CBRE is pleased to present for sale a 6 unit multifamily building located at 1511 Rosalia Rd, Los Feliz.

    Constructed in 1923, the 6,054 square foot property is situated on a 6,615 square foot lot. It's located just North of Hollywood Blvd where the border of Los Feliz meets East Hollywood. The building consists of two 1BD/1BA, two 2BD/1BA, and two 2BD/1.5BA units.

    R O S A L I A R D1511 5

  • INVESTMENT

    HIGHLIGHTS

    Walk Score95 - WALKER'S PARADISE

    Transportation

  • AREA

    MAP

    1511 ROSALIA ROAD

    R O S A L I A R D1511 7

  • PROPERTY

    SUMMARY

    OTHER

    UNIT MIX

    Units Unit Type

    2 1+1

    2 2+1

    2 2+1.5

    6 TOTAL

    PRICE $2,650,000

    PRICE/UNIT $441,667

    PRICE/SF $437.73

    CAP RATE 3.46%

    GIM 17.70

    ADDRESS1511 Rosalia Road, Los Feliz, CA 90027

    YEAR BUILT

    1923

    BUILDING AREA

    6,054

    UTILITIES

    Individually metered for gas and electric

    # OF BUILDINGS

    2

    APN

    5542-006-019

    # OF UNITS6

    ZONING

    LARD1.5

    PARKING4 Garage Parking Spaces for 2BD units in front

    LAND AREA

    0.15 Acres

    In Unit No 2 Storage Spaces currently in use for

    building maintenance

    Master

    WASHING MACHINE

    CENTRAL A/C

    STORAGE WATER HEATER

    R O S A L I A R D1511 8

  • LOCAL

    MAP

    1511 ROSALIA ROAD

    R O S A L I A R D1511 9

  • LOS FELIZ, CA 90027

    1511R O S A L I A R D

    F I N A N C I A L O V E R V I E W

    IIMULTIFAMILY

  • RENT ROLL

    SUMMARY

    RENT ROLL

    DETAILS

    CURRENT POTENTIAL

    UNIT UNIT TYPE RENT/MONTH RENT/SF/MONTH RENT/MONTH RENT/SF/MONTH

    1511 2+1 $1,286 $2,965

    1511.5 2+1.5 $2,996 $3 ,050

    1513 2+1.5 $2,364 $3,050

    1513.5 2+1 $2,965 $2,965

    1511.25 1+1 $1,326 $1,850

    1513.25 1+1 $1,540 $1,850

    TOTAL SQUARE FEET: 6,054 $12,477 $2.06 $15,730 $2.60

    CURRENT POTENTIAL POTENTIAL

    # OF AVG SQ RENTAL AVERAGE AVERAGE MONTHLY AVERAGE AVERAGE MONTHLY

    UNIT TYPE UNITS FEET RANGE RENT RENT / SF INCOME RENT RENT / SF INCOME

    1+1 2 $1,326 - $1,540 $1,433 $2,866 $1,850 $3,700

    2+1 2 $1,286 - $2 ,965 $2,126 $4,251 $2,965 $5,930

    2+1.5 2 $2,364 - $2 ,996 $2,680 $5,360 $3,050 $6,100

    TOTALS/WEIGHTED AVERAGES 6 1,009 $2,079 $2.06 $12,477 $2,622 $2.60 $15,730

    GROSS ANNUALIZED RENTS $149,722 $188,760

    R O S A L I A R D1511 1 1

    You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

  • OPERATING

    STATEMENT

    INCOME CURRENT PRO FORMA NOTES PER UNIT PER SF

    RENTAL INCOME

    GROSS POTENTIAL RENT 188,760 188 ,760 31,460 31.18

    LOSS / GAIN TO LEASE (39,038) 20.7% 0 0 0.00

    GROSS CURRENT RENT 149,722 188 ,760 31,460 31.18

    PHYSICAL VACANCY (4,492) 3.0% (5,663) 3.0% (944) (0.94)

    TOTAL VACANCY ($4,492) 3.0% ($5,663) 3.0% ($944) ($1)

    EFFECTIVE GROSS INCOME $145,231 $183,097 $30,516 $30.24

    EXPENSES CURRENT PRO FORMA NOTES PER UNIT PER SF

    REAL ESTATE TAXES 31,535 31,535 5 ,256 5.21

    INSURANCE 3,650 3 ,650 608 0.60

    UTILITIES 7,555 7,555 1,259 1.25

    TRASH REMOVAL 2,500 2 ,500 417 0.41

    REPAIRS & MAINTENANCE 3,000 3 ,000 500 0.50

    LANDSCAPING 1,000 1,000 167 0.17

    PEST 634 634 106 0.10

    GENERAL & ADMINISTRATIVE 658 658 110 0.11

    MISC. EXPENSES 1,500 1,500 250 0.25

    OPERATING RESERVES 1,500 1,500 250 0.25

    TOTAL EXPENSES $53,532 $53,532 $8,922 $8.884

    EXPENSES AS % OF EGI 36.9% 29.2%

    NET OPERATING INCOME $91,699 $129,565 $21,594 $21.40

    R O S A L I A R D1511 1 2

    You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

  • FINANCIAL

    SUMMARY

    OPERATING DATASUMMARYPRICE $2,650,000

    DOWN PAYMENT $1,219,000 46%

    NUMBER OF UNITS 6

    PRICE PER UNIT $441,667

    PRICE PER SQFT $437.73

    GROSS SQFT 6,054

    LOT SIZE 0.15 ACRES

    APPROX. YEAR BUILT 1923

    RETURNS CURRENT PRO FORMA

    CAP RATE 3.46% 4.89%

    GIM 17.70 14.04

    CASH-ON-CASH 1.00% 4.10%

    DEBT COVERAGE RATIO 1.15 1.63

    INCOME CURRENT PRO FORMA

    GROSS SCHEDULED RENT $149,722 $188,760

    LESS: VACANCY/DEDUCTIONS 3.0% $4,492 3.0% $5,663

    TOTAL EFFECTIVE RENTAL INCOME $145,231 $183,097OTHER INCOME $0 $0

    EFFECTIVE GROSS INCOME $145,231 $183 ,097

    LESS: EXPENSES 36.9% $53,532 29.2% $53,532

    NET OPERATING INCOME $91,699 $129,565

    CASH FLOW $91,699 $129,565

    DEBT SERVICE $79,526 $79,526

    NET CASH FLOW AFTER DEBT SERVICE 1.00% $12,172 4.10% $50,039

    PRINCIPAL REDUCTION $26,313 $27,317

    TOTAL RETURN 3.16% $38,485 6.35% $77,356

    # OF UNITS UNIT TYPE CURRENT RENTS MARKET RENTS

    2 ONE BEDROOM $1,433 $1,850

    4 TWO BEDROOM $2,403 $3 ,008

    FINANCING 1ST LOAN

    LOAN AMOUNT $1,431,000

    LOAN TYPE NEW

    INTEREST RATE 3.75%

    AMORTIZATION 30 YEARS

    YEAR DUE 2024

    EXPENSES CURRENT PRO FORMA

    REAL ESTATE TAXES 31,535 31,535

    INSURANCE 3,650 3 ,650

    UTILITIES 7,555 7,555

    TRASH REMOVAL 2,500 2 ,500

    REPAIRS & MAINTENANCE 3,000 3 ,000

    LANDSCAPING 1,000 1,000

    PEST 634 634

    GENERAL & ADMINISTRATIVE 658 658

    MISC. EXPENSES 1,500 1,500

    OPERATING RESERVES 1,500 1,500

    TOTAL EXPENSES $53,532 $53,532EXPENSES/UNIT $8,922 $8,922EXPENSES/SF $8.84 $8.84

    R O S A L I A R D1511 1 3

    You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

  • M A R K E T C O M P A R A B L E S

    LOS FELIZ, CA 90027

    1511R O S A L I A R D

    III

  • SALES COMPARABLES

    OVERVIEW

    1511 ROSALIA RD

    4653 LA MIRADA AVE 1172 WESTMORELAND AVE 1852 N EDGEMONT ST

    4715 FOUNTAIN AVE 1186 NEW HAMPSHIRE 1835 N KENMORE AVE

    1244 NEW HAMPSHIRE 1216 N KENMORE AVE 2033 N VERMONT AVE

    1181 N VIRGIL AVE 1620 ALEXANDRIA AVE

    3

    1511 ROSALIA RD

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    11

    11

    2

    6 45

    8

    7

    10

    1

    9

    R O S A L I A R D1511 1 5

  • AVERAGE SALE

    PPSF = $360.16

    SUBJECT PROPERTY SALE COMPS

    0

    100

    200

    300

    400

    500

    600

    700

    800

    1511 Rosalia Rd 4715 Fountain Ave 1181 N Virgil Ave 1186 N NewHampshire Ave

    1620 N AlexandriaAve

    1835 N KenmoreAve

    Axi

    s Tit

    le

    Average Price Per SF15

    11 R

    osal

    ia R

    d

    4653

    La

    Mira

    da A

    ve

    4715

    Fou

    ntai

    n Av

    e

    1244

    New

    Ham

    pshi

    re

    1181

    N V

    irgil

    Ave

    1172

    Wes

    tmor

    elan

    d Av

    e

    1186

    New

    Ham

    pshi

    re

    1216

    N K

    enm

    ore

    Ave

    1620

    Ale

    xand

    ria

    Ave

    1852

    N E

    dgem

    ont S

    t

    1835

    N K

    enm

    ore

    Ave

    2033

    N V

    erm

    ont A

    ve

    R O S A L I A R D1511 1 7

  • AVERAGE SALE

    PPU = $266,833

    SUBJECT PROPERTY SALE COMPS

    0

    50,000

    100,000

    150,000

    200,000

    250,000

    300,000

    350,000

    400,000

    450,000

    500,000

    1511 Rosalia Rd 4715 Fountain Ave 1181 N Virgil Ave 1186 N NewHampshire Ave

    1620 N AlexandriaAve

    1835 N Kenmore Ave

    Axi

    s Tit

    le

    Average Price Per Unit

    1511

    Ros

    alia

    Rd

    4653

    La

    Mira

    da A

    ve

    4715

    Fou

    ntai

    n Av

    e

    1244

    New

    Ham

    pshi

    re

    1181

    N V

    irgil

    Ave

    1172

    Wes

    tmor

    elan

    d Av

    e

    1186

    New

    Ham

    pshi

    re

    1216

    N K

    enm

    ore

    Ave

    1620

    Ale

    xand

    ria

    Ave

    1852

    N E

    dgem

    ont S

    t

    1835

    N K

    enm

    ore

    Ave

    2033

    N V

    erm

    ont A

    ve

    R O S A L I A R D1511 1 6

  • AVERAGE SALE

    CAP RATE = 4.28%

    SUBJECT PROPERTY SALE COMPS

    4.28%

    0.00%

    1.00%

    2.00%

    3.00%

    4.00%

    5.00%

    6.00%

    7.00%

    1511 RosaliaRd

    4653 LaMirada Ave

    4715 FountainAve

    1244 N NewHampshire

    Ave

    1186 N NewHampshire

    Ave

    1216 NKenmore Ave

    2033 NVermont Ave

    Average CAP Rates

    R O S A L I A R D1511 1 8

  • AVERAGE SALE

    GRM = 16.47

    SUBJECT PROPERTY SALE COMPS

    0

    2.00

    4.00

    6.00

    8.00

    10.00

    12.00

    14.00

    16.00

    18.00

    20.00

    1511 Rosalia Rd 4653 La MiradaAve

    4715 FountainAve

    1244 N NewHampshire Ave

    1216 N KenmoreAve

    2033 N VermontAve

    Average GRM

    R O S A L I A R D1511 1 9

  • SALES COMPARABLES

    DETAILS

    ADDRESS PRICE CLOSE OF ESCROWPRICE/UNIT

    PRICE/SF

    CAP RATE GRM

    YEAR BUILT

    UNITTYPE

    # OF UNITS TOTAL

    1511 ROSALIA RDLOS ANGELES, CA 90027

    $2,650,000 $441,667 $437.73 3.46% 17.70 1923 1+12+1

    2+1.5

    222

    6

    1

    4653 LA MIRADA AVELOS ANGELES, CA 90029

    $1,135,000 9/4/19 $227,000 $368.39 4.08% 15.86 1935 1+1 5 5

    2

    4715 FOUNTAIN AVELOS ANGELES, CA 90029

    $4,500,000 8/16/19 $375,000 $681.82 4.51% 16.03 1924 1+1 12 12

    3

    1244 N NEW HAMPSHIRE AVELOS ANGELES, CA 90029

    $1,595,000 12/14/2018 $199,375 $274.95 3.12% 18.43 1950 STUDIO

    1+12+1

    161

    8

    R O S A L I A R D1511 2 0

  • SALES COMPARABLES

    DETAILS

    ADDRESS PRICE CLOSE OF ESCROWPRICE/UNIT

    PRICE/SF

    CAP RATE GRM

    YEAR BUILT

    UNITTYPE

    # OF UNITS TOTAL

    4

    1181 N VIRGIL AVELOS ANGELES, CA 90029

    $2,500,000 10/31/2018 $312 ,500 $451.59 1928 STUDIO

    1+12+1

    224

    8

    1172 N WESTMORELAND AVELOS ANGELES, CA 90029

    $1,000,000 06/28/2019 $200,000 $255.43 1913 1+1 5 5

    6

    1186 N NEW HAMPSHIRE AVELOS ANGELES, CA 90029

    $1,000,000 06/28/2019 $166,666 $179.08 4.50% 19401+12+1

    51

    6

    7

    1216 N KENMORE AVELOS ANGELES, CA 90029

    $2,925,000 10/10/2018 $365,625 $370.44 5.73% 13.32 1927 1+1 8 8

    5

    R O S A L I A R D1511 2 1

  • SALES COMPARABLES

    DETAILS

    ADDRESS PRICE CLOSE OF ESCROWPRICE/UNIT

    PRICE/SF

    CAP RATE GRM

    YEAR BUILT

    UNITTYPE

    # OF UNITS TOTAL

    8

    1620 N ALEXANDRIA AVELOS ANGELES, CA 90027

    $2,335,000 08/15/2018 $233,500 $328.32 1953 1+1 10 10

    9

    1852 N EDGEMONT STLOS ANGELES, CA 90027

    $3,015 ,000 05/10/2019 $251,250 $219.11 1937 STUDIO 12 12

    10

    1835 N KENMORE AVELOS ANGELES, CA 90027

    $3,150,000 07/12/2018 $262,500 $351.25 1954STUDIO

    1+12+1

    417

    12

    11

    2033 N VERMONT AVELOS ANGELES, CA 90027

    $2,734,000 09/12/2018 $341,750 $481.34 3.75% 18.7 1940STUDIO

    1+126

    8

    R O S A L I A R D1511 2 2

  • R O S A L I A R D1511 2 3

  • RENT COMPARABLES

    OVERVIEW

    1511 ROSALIA RD

    4023 SUNSET DR 1435 TALMADGE ST

    1260 WESTMORELAND 4629 PROSPECT AVE

    4443 CLAYTON AVE 1701 TALMADGE ST

    6

    2

    5

    1

    4

    3

    1511 ROSALIA RD

    1

    2

    3

    4

    5

    6

    R O S A L I A R D1511 2 4

  • AVERAGE

    ONE BEDROOM = $2,025

    SUBJECT PROPERTY RENT COMPS AVERAGE RENT

    $0

    $500

    $1,000

    $1,500

    $2,000

    $2,500

    1511 Rosalia Rd 4023 Sunset Dr 1260 N Westmoreland Ave

    R O S A L I A R D1511 2 5

  • AVERAGE

    2 BEDROOM = $2,883

    SUBJECT PROPERTY RENT COMPS AVERAGE RENT

    $0

    $500

    $1,000

    $1,500

    $2,000

    $2,500

    $3,000

    $3,500

    $4,000

    1511 Rosalia Rd 4443 Clayton Ave 1435 Talmadge St 4629 Prospect Ave 1701 Talmadge St

    R O S A L I A R D1511 2 6

  • RENT COMPARABLES

    DETAILS

    ADDRESS CITY- STATE/ ZIP UNITTYPE# OF

    UNITS TOTAL RENT SFAVERAGERENT/SF

    1511 ROSALIA RD LOS ANGELES, CA 900271+12+1

    2+1.5

    222

    6 $1,433 $2 ,126 $2,680

    4023 SUNSET DR LOS ANGELES, CA 90027 1+1 1 1 $1,850 700 $2.64

    1260 N WESTMORELAND AVE

    LOS ANGELES, CA 90029 1+1 1 1 $2 ,200 550 $4.00

    WASHER/DRYER IN UNIT, FULLY RENOVATED

    4443 CLAYTON AVE LOS ANGELES, CA 90027 2+1 1 1 $2,400 750 $3.20

    FULLY RENOVATED

    1

    2

    3

    R O S A L I A R D1511 2 7

  • RENT COMPARABLES

    DETAILS

    ADDRESS CITY- STATE/ ZIP UNITTYPE# OF

    UNITS TOTAL RENT SFAVERAGERENT/SF

    1435 TALMADGE ST LOS ANGELES, CA 90027 2+1.5 1 1 $3 ,750

    WASHER/DRYER IN UNIT, FULLY RENOVATED

    4629 PROSPECT AVE LOS ANGELES, CA 90027 2+1.5 1 1 $2,595 900 $2.88

    1701 TALMADGE ST LOS ANGELES, CA 90027 2+2 1 1 $2,250

    5

    6

    4

    R O S A L I A R D1511 2 8

  • R O S A L I A R D1511 2 9

  • R O S A L I A R D1511 3 0

  • R O S A L I A R D1511 3 1

  • M A R K E T O V E R V I E W

    LOS FELIZ, CA 90027

    1511R O S A L I A R D

    IV

  • LOS

    FELIZ

    Los Feliz, a hill side community perched on the edge of Santa Monica Mountains, sits adjacent to LA’s Griffith Park to the north. Other surrounding communities include Atwater Village on the northeast, Silver Lake on the southeast, East Hollywood to the south and Hollywood to the northwest. Los Feliz is diverse with both densely populated working class communities and multi-million dollar homes owned by entertainers and those affiliated with the industry.

    Los Feliz has many significant historic homes, including Frank Lloyd Wright’s Ennis house and Richard Neutra’s modernist Lovell House, along with Spanish and Mediterranean revival style homes. At the heart of Los Feliz, is Los Feliz Village, a commercial area that boasts many trendy coffee shops, eateries and independent clothing and vintage stores.

    AREA ATTRACTIONS

    GRIFFITH PARK

    LA’s largest municipal park with 4,310 acres of land and one of the largest urban parks in

    North America

    ENNIS HOUSE

    1920s Mayan Revival house designed by Frank Lloyd Wright

    THE GRIFFITH

    OBSERVATORY located on the south side of LA’s Griffith

    Park on Mount Hollywood boasting incredible views of

    Los Angeles and free exhibits dedicated to

    astronomy

    HOLLYWOOD SIGN

    iconic sign located on Mount Lee in the Hollywood Hills near

    hiking trails

    THE LOVELL HOUSE

    International style modernist residence designed by Richard

    Neutra

    SKYLIGHT BOOKS popular independent

    bookstore

    BRU COFFEEBAR

    contemporary coffee house

    HOUSE OF PIES

    24-hour diner specializing in freshly-

    baked pies

    R O S A L I A R D1511 3 3

  • ECHO

    PARK

    Echo Park is a diverse and up-and-coming neighborhood bordering Downtown Los Angeles, Silver Lake and Elysian Park. The neighborhood offers a variety of historic sites and attractions, including a public park and lake of the same name known for its paddle boats. Echo Park is benefiting from a cultural renaissance underway in the communities surrounding Downtown, which has brought many new entertainment, dining and retail options to its residents. Echo Park’s immediate access to the 101 Freeway and proximity to Dodger Stadium, Koreatown, Hollywood and Downtown L.A. makes the neighborhood a desirable location to both live and visit.

    ECHO PARK ATTRACTIONS INCLUDE:

    ECHO PARK LAKE

    The Echo Park neighborhood was named after this famous lake and recently underwent a $45

    million renovation

    DODGER STADIUM

    In neighboring Elysian Park, the oldest ballpark in MLB west of The Mississippi.

    BAXTER STREET STAIRS:

    Popular place to exercise; fascinating views of

    Downtown Los Angeles, Griffith Observatory, and the

    Hollywood sign

    CARROLL AVENUE

    Street lined with Victorian manors that date to the 19th

    century

    CHAVEZ RAVINE

    ARBORETUM:

    Features over 100 varieties of trees from all over the

    world

    THE ECHO

    350-person music venue that is home to big

    name performers and independent rock acts

    EL PRADO

    Wine and beer bar

    ORIGAMI VINYL

    One of the best record stores in Los Angeles;

    located on Sunset Boulevard

    TACO ZONE

    Famous taco truck located in the Vons parking lot at Alvarado and Montana

    VALERIE CONFECTIONS

    Popular breakfast, pastry, and afternoon tea joint

    R O S A L I A R D1511 3 4

  • SILVER

    LAKE

    Silver Lake is a popular eastside neighborhood known for its hipster lifestyle. Artisanal coffee shops, farm-to-table eateries, indie music venues, trendy bars and retailers abound here, making it one of LA’s most fashionable neighborhoods. Known for its eclectic mix of architectural styles, decorated public outdoor stairways and farmers markets, the neighborhood has been home to celebrities and creative-types from Walt Disney and Judy Garland to Ryan Gosling, Moby and the Beastie Boys.

    Renters make up more than 60% of the area’s residents, who tend to be younger than the City average. Silver Lake is located between Hollywood and Downtown Los Angeles and has influenced surrounding neighborhoods like Echo Park, Atwater Village and Highland Park which have enjoyed spillover of Silver Lake’s culture and affluent residents.

    The area also includes fine examples of modernist architecture and a namesake reservoir that’s ringed by a popular walking trail with a dog park and a grassy meadow.

    SILVER LAKE RESERVOIR

    Includes the Silver Lake Recreation Center, the Silver

    Lake Walking Path (which circumnavigates the reservoirs

    ±2.25 miles), and the Silver Lake Meadow

    EL CID

    Historic 1905 movie theater turned performance space and

    dinner theater

    AKBAR

    Hetero-friendly bar on the corner of Sunset and Fountain

    BAR KEEPER JOE KEEPER’S SUNSET JUNCTION SHOP

    Hidden gem with an impressive inventory of spirits, bitters, tins,

    glasses and fountains

    YOLK

    Children’s clothing, home décor, and toy store

    BROOME STREET GENERAL

    STORE

    Store-café with outdoor seating; serves Gimme coffee and Cube

    sandwiches

    CLIFF’S EDGE

    Bugalow-like shaded restaurant with delicious dishes, overarching trees, and a rustic, romantic feel

    ROCKAWAY RECORDS

    Inventory of new and rarely used records; wide collection of

    memorabilia

    THE SATELLITE

    Once a gay disco called Dreams, this indie rock venue then became known as Spaceland and is now called The Satellite; known as

    an incubator for the Silver Lake independent rock scene

    SILVERLAKE WINE

    Boutique wine shop on Glendale Boulevard, which focuses on

    educating the community about small wine productions and holds

    weekly tasting events

    AREA ATTRACTIONS

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  • EAST

    HOLYWOOD

    The densely populated neighborhood of East Hollywood is undergoing rapid change and transition. It borders Los Feliz and Silver Lake to the north, Downtown Los Angeles to the east, Wilshire Center to the south and Hollywood to the West. The diverse neighborhood also contains the smaller communities of Thai Town, Little Armenia and Melrose Hill.

    East Hollywood has a number of notable attractions. It is home to the original campus of UCLA, now known of Los Angeles City College, historic Barnsdall Park with its acclaimed Hollyhock House designed by Frank Lloyd Wright. East Hollywood is also home to several medical campuses, including Children’s Hospital Los Angeles, Hollywood Presbyterian Medical Center and Kaiser Permanente.

    The US 101 runs diagonally through the community, offering immediate access to the Valley and Downtown Los Angeles. East Hollywood is also served by the Red Line Metro, with stops running along Vermont Avenue and Hollywood Blvd.

    EAST HOLLYWOOD ATTRACTIONS:

    BARNSDALL ART PARK

    public park that boasts views of the city and home to Hollyhock House and the Barnsdall Art Center and Gallery Theatre

    HOLLYHOCK HOUSE

    the 1920’s Frank Lloyd Wright house perched on top of the

    Barnsdall Art Park

    CHILDREN’S HOSPITAL LOS ANGELES

    VISTA THEATRE a historic landmark Egyptian

    style theatre

    KAISER PERMANENTE LOS ANGELES MEDICAL CENTER

    CHURCH OF SCIENTOLOGY

    WEST COAST HEADQUARTERS

    located in historic Cedars of Lebanon hospital building

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  • KEY DISTANCES

    BY ROAD

  • ACCESS TO TRANSIT:

    Nearby is the Metro Red Line portal at Vermont and Sunset. The Red Line extends though Hollywood until North Hollywood where riders can walk to Universal Studios or the Noho Arts District. Riders can then transfer to the Orange Line that extends to the Warner Center, the largest employment hub in the San Fernando Valley. The Purple line goes through Mid-Wilshire and Korea Town, the Silver line travels south to San Pedro, the Blue Line allows access to South LA and Long Beach, and the Gold Line provides access to Pasadena. Or, at Union Station in Downtown LA, riders may transfer to Amtrak or Metrolink.

    LOCAL GROCERS AND PHARMACY:

    Within 5 minutes, residents can get to the Los Feliz Farmers Market on Sundays 9am-2pm, Gelson's, Dinsmore's Market, Whole Foods, Seafood Market, East Hollywood Farmer's Market on Mondays and Thursdays between 3:30pm-7:30pm, Vons, Jons, Trader Joe's.

    NEARBY PARKS:

    Barnsdall Art Park, Silver Lake Reservoir, Echo Park Lake, Tesla Pocket Park, Shakespeare Bridge Garden, Griffith Park, Silver Lake Meadow, Tommy Lasorda Field of Dreams, Laurel and Hardy Park.

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  • LOS FELIZ

    SNAPSHOT

    2.2% $1,939 96.1%AVERAGE ANNUAL RENT GROWTH

    (SINCE 2014)AVERAGE RENT

    (MAY 2018)AVERAGE OCCUPANCY

    (MAY 2018)

    $91,707 $329,000AVERAGE HOUSEHOLD INCOME

    (2017)AVERAGE PRICE PER UNIT

    R O S A L I A R D1511 3 9

  • LOCAL AMENITIES MAP

    SILVER LAKE

    EASTHOLLYWOOD

    LOS FELIZ5

    Sunset Blvd

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    SILVERLAKEDOG PARKSILVERLAKEDOG PARK

    Silver LakeReservoir

    LOS FELIZFARMER'S MARKET

    EAST WEST BANK

    LOS FELIZTHEATER

    BARNSDALLART PARK

    ZANKOU CHICKEN

    CHA HOLLYWOODPRESBYTERIAN MEDICAL CENTER

    SILVER LAKE MEADOW

    TOMMY LASORDAFIELD OF DREAMS

    THE RED LION TAVERN

    LOS ANGELESCITY COLLEGE

    1511 ROSALIA RD

    N

    369594

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