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SVN | VANGUARD | 120 W. 5TH STREET, SUITE 210, SANTA ANA, CA 92701 OFFERING MEMORANDUM
SOUTH OLIVEBUILDING1410 S OLIVE STLOS ANGELES, CA 90015
Jay No, BRE#[email protected] #02052695
Anthony Ying, BRE# [email protected] #02052345
Disclaimer
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.
1 PROPERTYINFORMATION
1410 S Olive StLos Angeles, CA 90015
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 3
OFFERING SUMMARY
Sale Price: Subject to Offer
Lot Size: 13,790 SF
Year Built: 1992
Building Size: 10,519 SF
Zoning: C2-2D-O (Commercial
Zone)
Market: SouthPark District : Los
Angeles
Price / SF: Subject to Offer
PROPERTY OVERVIEWSVN/Vanguard is pleased to present this rare opportunity in theup-and-coming South Park District of Downtown Los Angeles. The buildingoffers 10,519 SF flex/industrial space and 16 on-site parking spots. The SouthOlive Building lies just a few minutes away from the Garment and FinancialDistricts in LA and other notable locations include being less than 0.5 mile tothe LA Live and Staples Convention Centers. Nearby redevelopment sites willbring an additional 394 residential units to this specific part of the district. Thebuilding has great potential to be a brewery, doggy daycare, or distributionwarehouse with on-site offices to name a few ideas. However, the currentzoning usage (C2-D2-O) is very flexible and those interested in the propertyshould inquire within for more detail
PROPERTY HIGHLIGHTS
• 10,519 SF Industrial building
• C2-2D-O (Commercial Zoning)
• 16 on-site parking spaces
• 400 amp/120-240v, 3-phase electrical service
Property Summary
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
SITE DESCRIPTION
The building is a partial two-story single-tenantindustrial building, built in 1992. Based on appraisermeasurements, this building consists of 10,519 squarefeet of gross building area (1st floor: 7,352 SF/ 2ndfloor: 3,166 SF) including a 4,379 SF office area. Thisbuilding has an approximately 3,050 SF unfinishedmezzanine area to provide additional storage space,which is not included in the gross building area. Thebuilding is of concrete block construction with a flatroll composition roof system, cover with stones in theoutside of the building. The floors are bare concreteslab.
The east portion of the building is utilized as awarehouse area. The truss height of the area isapproximately 18'. The interior finishes include aconcrete floor and an exposed wood ceiling. Thebuilding features two drive-ins (21' w x 15' h). There arefluorescent lights in the warehouse area and skylightsthat provide additional natural light. The building is notfire sprinklered anywhere. The mezzanine space of thewarehouse is easily accessed via an open sidedstairwell.
On the west side of the 1st floor of the building is anoffice area with two showrooms, 6 offices and 2bathrooms. The entire 2nd floor is an office area with 9rooms for offices, 2 bathrooms and a lobby. The officearea has an acoustic drop ceiling with fluorescentlighting. There are two stairwells on the 2nd floorlocated on the west and south sides of the building.The floors are covered with carpet, hardwood andceramic tile over concrete.
Property Description
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
ZONING
Zoning C2-2D-O (Commercial Zone) allows any usespermitted in the CR, C 1, and C 1.5 zones, includingmost commercial uses such as general retail,professional/business offices, motel/hotels/restaurants, automotive fueling and service stationsamusement enterprises, signs, parking buildings,religious uses, schools, residential dwellings and othersimilar uses.
Zoning Information
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Site Plan
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
2 ADDITIONALINFORMATION
1410 S Olive StLos Angeles, CA 90015
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 8
Location Maps
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
MVE + Partners unveils new renderings for Emerald, 154 unit apartment complex
Located at 1340 S. Olive Street, the project represents the expansion of the residential boom hitting LA's : SouthPark
Emerald : Jade Enterprises
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Humphreys & Partners Architects unveil new renderings for the seven-story 254 unit rental apartment complex
The project site is named for its location at the intersection of 14th & Hill
14th & Hill : Humphreys & Partners
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Area Projections
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
3 SALECOMPARABLES
1410 S Olive StLos Angeles, CA 90015
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 13
Subject Property
1410 S Olive St, Los Angeles, CA 90015
Subject To Offer
Subject To OfferSale Price: 13,790 SFLot Size:
1992Year Built: 10,519 SFBuilding SF:
Sale of property on 1410 S. Olive St, Los Angeles
1
1340 South Olive StreetLos Angeles, CA 90015
$10,500,000Sale Price: 12,000 SFBuilding SF:
$875.00Price PSF:
1
2
1359 South Hope StreetLos Angeles, CA 90015
$3,100,000Sale Price: 9,291 SFLot Size:
1927Year Built: 6,900 SFBuilding SF:
$449.28Price PSF: 10/14/2014Closed:
2
3
1317 South Hope StreetLos Angeles, CA 90015
$4,900,000Sale Price: 6,948 SFLot Size:
7,450 SFBuilding SF: $657.72Price PSF:
09/01/2016Closed:
3
Sale Comps
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
4
1221 South Hope StreetLos Angeles, CA 90015
$6,800,000Sale Price: 7,736 SFLot Size:
1917Year Built: 7,705 SFBuilding SF:
$882.54Price PSF: 10/01/2017Closed:
4
5
1228 South Flower StreetLos Angeles, CA 90015
$4,100,000Sale Price: 7,482 SFLot Size:
1915Year Built: 7,473 SFBuilding SF:
$548.64Price PSF: 08/01/2017Closed:
5
6
1144 South Hope StretLos Angeles, CA 90015
$4,400,000Sale Price: 7,725 SFLot Size:
1908Year Built: 7,800 SFBuilding SF:
$564.10Price PSF: 03/01/2018Closed:
6
Sale Comps
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
1
2
3
4
5
6
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS
South Olive Building1410 S Olive StLos Angeles, CA 90015
Subject To Offer 10,519 SF - - -
SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
1340 South Olive StreetLos Angeles, CA90015
$10,500,000 12000 SF $875.00 - - -
1359 South Hope StreetLos Angeles, CA90015
$3,100,000 6900 SF $449.28 - - 10/14/2014
1317 South Hope StreetLos Angeles, CA90015
$4,900,000 7450 SF $657.72 - - 09/01/2016
1221 South Hope StreetLos Angeles, CA90015
$6,800,000 7705 SF $882.54 - - 10/01/2017
1228 South Flower StreetLos Angeles, CA90015
$4,100,000 7473 SF $548.64 - - 08/01/2017
1144 South Hope StretLos Angeles, CA90015
$4,400,000 7800 SF $564.10 - - 03/01/2018
PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
Totals/Averages $5,633,333 8,221 SF $685.24 - -
Sale Comps Summary
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 16The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
1410 S Olive St, Los Angeles, CA 90015SUBJECT PROPERTY
1Los Angeles, CA90015
1340 SOUTH OLIVE STREET 2Los Angeles, CA90015
1359 SOUTH HOPE STREET
3Los Angeles, CA90015
1317 SOUTH HOPE STREET 4Los Angeles, CA90015
1221 SOUTH HOPE STREET
5Los Angeles, CA90015
1228 SOUTH FLOWER STREET 6Los Angeles, CA90015
1144 SOUTH HOPE STRET
Sale Comps Map
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 17The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
4 ADVISOR BIOS1410 S Olive St
Los Angeles, CA 90015
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 18
All Advisors Bios
SOUTH OLIVE BUILDING | 1410 S OLIVE ST, LOS ANGELES, CA 90015 SVN | Vanguard | Page 19The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Jay No
Anthony YingAdvisor
AdvisorSVN | Vanguard
SVN | Vanguard
Born and raised in Huntington Beach. Graduated from Marina High School in 1987 then attendedUniversity of California at Santa Barbara. Graduated in 1991 with a BA in Business/Economics.Currently resides in Huntington Beach and is an advisor for SVN Vanguard Commercial Real Estate.His primary focus is in sales of multifamily, office and retail commercial properties. He also specializesin leasing of retail spaces and has accounts with several of the nations largest property owners.
Aside from his professional accomplishments he is also a certified PADI Divemaster, skydiver(participant in a record holding 300 person skydiving formation), surfer, extreme skier and adrenalineseeker.
Experience:25 years of experience in the mortgage and real estate industry.Former regional V.P. of marketing for a national advertising company.Servicing manager handling all national accounts for a national mortgage company.Managed $100M+ portfolios to sell on the secondary market.Partner in a local residential mortgage company with sales in excess of $50M.
Phone: 714.446.0600Cell: 213.923.0977Email: [email protected] W. 5th Street, Suite 210Santa Ana, CA 92701
Phone: 714.558.0305Cell: 714.421.2258Email: [email protected] W. 5th Street, Suite 210Santa Ana, CA 92701
