4952 Warner Ave, Huntington Beach, CA 92649 three story building

- value add or redevelopmentOffering Memorandum

Property Highlights

1

DESCRIPTION Three story Building

NET OPERATING INCOME $691,852.55

BUILDING SIZE ± 47,488 SF

TRAFFIC COUNT 49,000 Vehicle Per Day

FREEWAYS 405, 605 and 91

Occupancy RATE 84.28%

MILES FROM OCEAN 1.5 Miles

ACRES 2.3 Acres (100,188 SF)

POPULATION 100,000 (3 Mile Radius)

HOUSEHOLD INCOME Average $122,521

Opportunity to acquire a ±47,568 square foot, three-story commercial building in prime Huntington Beach location. The

property is located at the signalized intersection of Bolsa Chica Street and Warner Avenue (49,000 vehicles per day) and is less than

two miles from the ocean.

The building has recently received over $1M in exterior and interior renovations. There is also a redevelopment opportunity with the

short-term leases currently in-place.

4952 Warner

Avenue Huntington

Beach

4952 Warner

Avenue

Huntington Beach

$1,300,000 IN PROPERTY UPGRADES(Last renovated in 2018)

• Lobby, Hallways, Restrooms, Paint, Carpet

• Exterior (Paint, Parking Lot Slurry, Landscaping)

• LED Retrofit

• HVAC Replacement/Repairs

• Roof Upgrades/Repairs

• Gated Parking in the back

• Elevator upgrade

ADDRESS4952 Warner Ave, Huntington

Beach, CA 92649

APN# 163-281-02

BUILDING SIZE ± 47,488 SF

YEAR BUILT 1978

YEAR RENOVATED 2016

ZONING General Commercial

STORIES Three

Use Office

PARKING 167 Parking Stalls

ELEVATOR SERVED Yes (2 Total)

POPULATION 5 MILE RADIUS 259,876

HVACFully Zoned HVAC

3

Property Highlights

Location

IRVINE 25 Min

LONG BEACH 25 Min

DOWNTOWN LOS ANGELES 50 Min

RIVERSIDE 60 Min

NEWPORT BEACH 20 Min

JOHN WAYNE AIRPORT

SANTA ANA (SNA)25 Min

LAX 40 Min

SAN DIEGO 95 Min

Huntington Beach is a seaside city within Orange County in Southern California. The Pacific Ocean borders it on the west and has been long known for its long 8.5 miles of beautiful beach, mild climate, and excellent surfing, earning it the nickname of Surf City. Surf, sand, sun, and subtle sophistication encapsulate the City of Huntington Beach. The California lifestyle is synonymous with Huntington Beach.

Named the “Best City to Live in Orange County” by the Orange County Register readers, Huntington Beach offers residents a charming community with ideal weather, a diversified economy overflowing with good jobs, a wide variety of housing, an excellent educational system, boat marinas, numerous parks, and exemplary health care.

The Huntington Beach is located along the Southern California coast in Orange County, 35 miles south of Los Angeles and 90 miles north of San Diego. Named for railroad magnate Henry Huntington who orchestrated its development, the city is now an epicenter of activity and entertainment with wide, sandy beaches.

4

HUNTINGTON BEACH

Location

PACIFIC CITY

Situated right on Pacific Coast Highway with

unobstructed beach views, Surf City USA’s

newest shopping, dining, and lifestyle

destination. Inspired by modern craftsman

beach bungalows, Pacific City features patio

dining, outdoor movie nights, and inviting

spaces to hang out and enjoy the oceanfront

view.

Whether you’re looking for somewhere to do

some quick shopping or somewhere to spend

an entire day, Pacific City’s one-of-a-kind stores

and restaurants and their exciting onsite events

will appeal to visitors of all ages.

DOWNTOWN HUNTINGTON

With blocks of shops and plenty of eateries

offering a break from browsing, Main Street

and Fifth Street blend convenience, selection,

and Downtown’s always-vibrant atmosphere.

There’s something for everyone, including

charming souvenir stores, family-run surf shops,

trendy women’s boutiques, enchanting

vintage collections, as well as bicycle and

motorcycle supplies. You’ll find Pacific City, a

retail and dining hub offering even more

unique and trendy shopping options, a short

walk south of Main Street.

HUNTINGTON BEACH

Huntington Beach's shoreline stretches for ten

uninterrupted miles of wide-open sandy

beaches, making it a paradise for families,

couples, dogs, and surfers.

Where perfect waves are born, Surf City USA

attracts professional surfers and World Surf

League contests. Some visitor's favorites include

volleyball courts, bonfire pits, concerts, and

movies on the sand; of course, the iconic

Huntington Beach Pier spanning 1,850 feet in

length.

Awards include America's Best Beach by Time

Magazine, Best Beach in California by USA

Today's Readers Choice, and Best West Coast

Beach by Coastal Living Magazine.

6

Demographic

TOP 5 EMPLOYERS IN HUNTINGTON BEACH

BOEING 4,391

CAMBRO MFC INC 1,015

ENSIGN USA DRILLING 925

GWC 900

HYATT REGENCY 641

HUNTINGTON BEACH DEMOGRAPHICS

2018 EST. POPULATION 200,641

2018 EST. HOUSEHOLDS 76,821

2018 EST. HOUSEHOLD INCOME $91,318

2012 EST. NUMBER OF FIRMS 22,860

EMPLOYMENT BY INDUSTRY

7

Fi rs t F loor

6

Suite Tenant Size Expiration

100,101 Lusk 3,691.00 7/31/2024

102 Clear Wireless 96.00 12/31/2020

104 Prime Wellness 988.00 MTM

105 County records 1,070.00 12/31/2020

106 Miller & Miller 1,165.00 5/31/2021

107,108,109 W.E Financial 3,813.00 11/30/2021

110 South Shore Marine 615.00 12/31/2020

111 Zennoe LLC. 3,300.00 5/31/2024

8

100

101

104

105106

107

109

110111108

203

205 210

217

221

223

225227 229 231

230

239

232 235

236

241

251

250

255

256

253

201

Second Floor

6

Suite Tenant Size Expiration

201 A&E Vehicle Services 2,453.00 9/30/2020

203 Vacant 1,467.00

205 Alex Clarke 906.00 5/31/2023

210 Aren Baghdassarian 1,054.00 8/31/2020

217 Jay Sheth 848.00 11/30/2021

221 Bodhi Tree Vegan Café 531.00 9/30/2020

223 S&C Oil Company 547.00 12/31/2020

225 Vacant 818.00

227 Vacant 463.00

229 Gardner Insurance 523.00 9/30/2020

230 Center for Law 541.00 8/31/2020

231 Key CPR 1,053.00 2/28/2021

232 Misterly Financial 477.00 MTM

235 Mark Bidwell 477.00 10/31/2020

236 Anderson Architects 852.00 9/30/2021

237 Vacant 603.00

239 Robert Hansen 575.00 4/30/2021

241 Vacant 1,144.00

250 Jeff Baker 1,114.00 10/31/2021

251 Vacant 606.00

253 Gatti 1,712.00 7/31/2024

255 Law office of Tous 1,173.00 1/31/2025

256 Madison Tours 788.00 4/30/20219

301

307

330

320

309

317

305

300

storage

Third F loor

6

Suite Tenant Size Expiration

300 Behavior and develop 1,612.00 2/28/2024

301 MPI Technologies 2,909.00 12/31/2020

305 Vacant 1,500.00

307 Venator Broadcast 1,655.00 7/31/2023

309 The Quartersize RV 831.00 3/31/2022

317 Vacant 1,269.00

320 Close by Me 1,300.00 8/31/2020

330 Charles Emanuel 749.00 12/31/2021

storage Vacant 200.00

10

Inter ior

11

Exter ior

12

Rent Rol l

13

Total

Income

Total Income 925,284.00$

CAM Expense

Water/Sewer 7,154.76$

Electricity 11,482.32$

Gas 1,446.20$

Trash 6,601.44$

Landscape-Ground Maint 6,000.00$

Sweeping 1,998.00$

Fire Alarms 2,160.00$

HVAC 4,485.06$

Pest Control 525.00$

Parking Lot repairs 1,320.00$

Elevator Maint 4,800.00$

Electrical Repairs 2,713.01$

Fire Sprinkler 2,462.46$

Lighting 175.00$

Painting 312.09$

Plumbing 4,440.00$

Repairs & Maint 10,233.17$

Insurance 11,337.00$

Taxes: Property 113,185.82$

Life Safety Permits 450.00$

Interior Plant Maintenance 1,020.00$

Janitorial Contract 30,674.52$

Janitor/Clean up 6,846.96$

Door/Locks/keys 593.53$

Signs 1,015.11$

Total CAM Expense 233,431.45$

Net Operating Income 691,852.55$

Statement (12 months)

Period = Jan 2020-Dec 2020

Suite Lessee SF Expiration Term Base Rent Gross Amount Annual Rent

100,101 Lusk 3,691.00 7/31/2024 51 2.07$ 7,632.02$ 91,584.24$

102 Clear Wireless 96.00 12/31/2020 7 16.31$ 1,565.73$ 18,788.76$

104 Prime Wellness 988.00 MTM 2.00$ 1,976.00$ 23,712.00$

105 County records 1,070.00 12/31/2020 7 1.50$ 1,600.21$ 19,202.52$

106 Miller & Miller 1,165.00 5/31/2021 12 2.06$ 2,400.00$ 28,800.00$

108 W.E Financial 3,813.00 11/30/2021 18 2.14$ 8,149.30$ 97,791.60$

110 South Shore Marine 615.00 12/31/2020 7 2.21$ 1,362.00$ 16,344.00$

111 Zennoe LLC. 3,300.00 5/31/2024 49 1.76$ 5,794.66$ 69,535.92$

201 A&E Vehicle Services 2,453.00 9/30/2020 4 1.95$ 4,783.35$ 57,400.20$

203 Vacant 1,467.00 -$ -$ -$

205 Alex Clarke 906.00 5/31/2023 36 1.95$ 1,766.70$ 21,200.40$

210 Aren Baghdassarian 1,054.00 8/31/2020 3 1.86$ 1,960.20$ 23,522.40$

217 Jay Sheth 848.00 11/30/2021 18 1.75$ 1,484.00$ 17,808.00$

221 Bodhi Tree Vegan Café 531.00 9/30/2020 4 1.96$ 1,042.18$ 12,506.16$

223 S&C Oil Company 547.00 12/31/2020 7 1.70$ 929.90$ 11,158.80$

225 Vacant 818.00 -$ -$ -$

227 Vacant 463.00 -$ -$ -$

229 Gardner Insurance 523.00 9/30/2020 4 1.67$ 875.50$ 10,506.00$

230 Center for Law 541.00 8/31/2020 3 1.91$ 1,030.88$ 12,370.56$

231 Key CPR 1,053.00 2/28/2021 9 1.34$ 1,408.29$ 16,899.48$

232 Misterly Financial 477.00 MTM 1.25$ 595.50$ 7,146.00$

235 Mark Bidwell 477.00 10/31/2020 5 1.68$ 800.00$ 9,600.00$

236 Anderson Architects 852.00 9/30/2021 16 2.00$ 1,704.00$ 20,448.00$

237 Richard Hornstein 603.00 MTM 1.49$ 900.00$ 10,800.00$

239 Robert Hansen 575.00 4/30/2021 11 2.00$ 1,147.52$ 13,770.24$

241 Vacant 1,144.00 -$ -$ -$

250 Jeff Baker 1,114.00 10/31/2021 17 2.13$ 2,375.05$ 28,500.60$

251 Vacant 606.00 -$ -$ -$

253 Gatti 1,712.00 7/31/2024 51 1.95$ 3,339.00$ 40,068.00$

255 Law office of Tous 1,173.00 1/31/2025 57 1.92$ 2,252.16$ 27,025.92$

256 Madison Tours 788.00 4/30/2021 11 1.94$ 1,529.57$ 18,354.84$

300 Behavior and develop 1,612.00 2/28/2024 46 1.82$ 2,933.84$ 35,206.08$

301 MPI Technologies 2,909.00 12/31/2020 7 1.65$ 4,791.50$ 57,498.00$

305 Vacant 1,500.00 -$ -$ -$

307 Venator Broadcast 1,655.00 7/31/2023 39 1.90$ 3,144.50$ 37,734.00$

309 The Quartersize RV 831.00 3/31/2022 22 1.96$ 1,628.76$ 19,545.12$

317 Vacant 1,269.00 -$ -$

320 Close by Me 1,300.00 8/31/2020 3 1.91$ 2,485.95$ 29,831.40$

330 Charles Emanuel 749.00 12/31/2021 19 2.30$ 1,718.96$ 20,627.52$

storage Vacant 200.00 -$ -$ -$

Total 47,488.00 77,107.23$ 925,286.76$

Occupied 84.28%

Vacant 15.72%

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Rent Roll as of 8/1/2020

Information concerning the property [properties] described herein has been obtained from sources other than Khoshbin Co, and neither Owner nor Khoshbin Co, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Khoshbin Co and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2020. Khoshbin Co. All rights reserved.

Alireza Mirzaei

(949) 863-9390 Ext.106

Ali@Khoshbin.comDRE. 02101295