venice boulevard los angeles, ca · los angeles, ca lloyd h. bakan principal senior vice president...
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10801Venice BoulevardLOS ANGELES, CA
Lloyd H. [email protected]
Gary W. Berwick, [email protected]
Mixed-Use Development(63 residential units / 6,993 SF retail)
LAND SIZE20,026 SF
ZONINGLAC2-1
PRICE$12,500,000
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
Investment details
Building Development Summar y
Amenities Map
Location Map
Demographics
Suppor ting Documents
Table of Contents
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
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SUMMARY
• Located on a signalized corner of Glendon Avenue and Venice Boulevard
• Located directly across from the Culver Center Mall with excellent retail amenities -Ralph’s Supermarket -Bank of America - LA Federal Credit Union -California Credit Union -Smashburger -Coffee Bean and Tea Leaf -Panda Express -Robeks Juice & Smoothies -Best Buy -Supercuts -LA Fitness
• One block west of Overland Avenue• Within 1/4 mile to the 405 Freeway• Within 1/4 mile of the new Metro Expo Line
LOCAL AMENITIES
Investment Details
Location: 10801 Venice BoulevardLos Angeles, CA 90034
Asking Price: $12,500,000
Land Size: 20,026 SF
Zoning: LA C2-1
APN: 4252-029-035
• Five (5) story mixed-use development -Project size: 61,058 sf -63 residential units -6,993 SF ground floor retail -Three (3) levels of subterranean parking
• Total parking spaces: 143• Clean environmental report• Permits ready for issuance• Traffic count is 60,000 vehicles per day (Venice Blvd. & Overland Ave.)
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
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2-BDRM 1-BDRM Studio 2-BDRM/L 1-BDRM/L Studio/L Total
2nd Floor - - - 1 4 12 173rd Floor 2 3 12 - - - 174th Floor 2 3 12 - - - 175th Floor - 4 8 - - - 12TOTAL 4 10 32 1 4 12 63
UNIT COUNT
Ground Floor Retail 6,993 SFGround Floor Lobby + Office 850 SF
2nd Floor 13,385 SFMezzanine 3,000 SF3rd Floor 13,385 SF4th Floor 13,385 SF5th Floor 9,135 SF
5th Floor Gym 925 SFTOTAL 61,058 SF
FLOOR AREA
Building Development Summary
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
TOCGuidelines
Transit Oriented Communities Affordable Housing Incentive Program
Pursuant to the voter-approved Measure JJJ, Los Angeles Municipal Code (LAMC) 12.22 A.31 was added to create the Transit Oriented Communities (TOC) Affordable Housing Incentive Program (TOC Program). The Measure requires the Department of City Planning to create TOC Affordable Housing Incentive Program Guidelines (TOC Guidelines) for all Housing Developments located within a one-half mile radius of a Major Transit Stop.
These Guidelines provide the eligibility standards, incentives, and other necessary components of the TOC Program consistent with LAMC 12.22 A.31. In cases where Base or Additional Incentives are permitted, they shall be based off the otherwise allowable development standards for the property found in a zoning ordinance, Specific Plan, Community Plan Implementation Overlay (CPIO), overlay district, or other local condition, law, policy, resolution, or regulation (unless the TOC incentives have been amended per Section III.3). The Guidelines may be modified by the Director with recommendation by the City Planning Commission.
TOC Guidelines
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
Amenities Map
Venice Boulevard
Overland Avenue
SubjectProperty
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
Location Map
Sunset
San Vicente
4th
14th
Lincoln
17th
26th
Montana
Wilshire
Santa Monica
Colorado
Centinela
Bundy
Barrington
Sawtelle
Pico
Ocean Park
Rose23rd
AirportVenice
Palms
Sepulveda
Wilshire
Olympic
Pico
Westw
ood
Overland
Beverly Glen Beverly Dr Ro
bert
son
Jeffe
rson
Colorado/4th St
Colorado/17th St
Olympic/26th St
Expo/Bundy
Expo/Sepulveda
Westwood/Rancho Park
Palms Culver City
Expo Line
SubjectProperty
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
Population Summary 1 mile 3 miles 5 miles
2017 Total Population 54,230 279,386 813,2332022 Projected Population 56,120 288,988 841,2452017 Total Daytime Pop. 53,294 373,822 1,101,800
Workers 31,595 248,064 730,188Resident 21,699 125,758 371,612
Demographics
Housing Unit Summary 1 mile 3 miles 5 miles
2017 Housing Units 26,579 127,870 383,976Owner Occupied 18.2% 37.2% 31.5%Renter Occupied 77.2% 57.4% 61.7%Vacant 4.6% 5.4% 6.8%
2022 Projected Units 27,327 131,464 394,601
Median Home Value 1 mile 3 miles 5 miles
2017 $799,473 $829,984 $831,4202022 $878,365 $936,594 $938,753
Median Household Income 1 mile 3 miles 5 miles
2017 $64,081 $74,043 $71,0182022 $78,753 $86,665 $84,214
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022 Esri converted Census 2000 data into 2010 geography.
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
West Los AngelesOverview
When people think of Los Angeles they most typically refer to West Los Angeles, an area in the Southwest region of Los Angeles County. The boundaries are the emerging tech markets of Playa Vista and the Marina Del Rey to the south (also known as “Silicon Beach”), Pacific Palisades and the expansive executive residences to the north, Miracle Mile and some of historical Los Angeles to the east, and the Pacific Ocean, and all that Pacific Coast Highway conjures up, to the west. The area is about 101 square miles and includes the cities of Los Angeles, Beverly Hills, Culver City, Santa Monica, Hollywood, West Hollywood Marina Del Rey, with an estimated population of 625,860. Two major freeways, I- 10 and I-405, provide access to West Los Angeles and public transportation options have expanded with the extension of the light rail (Expo Line) from Downtown Los Angeles to Santa Monica.
West Los Angeles is home to several well-regarded educational institutions, including University of California, Los Angeles and Pepperdine University, recently voted the 2nd most beautiful campus in the nation according to the Princeton Review. Industries include entertainment, media, technology, financial, legal services, engineering, architecture, healthcare, real estate and government. West Los Angeles has morphed into the epicenter of the creative office trend and some of the newer, more internet-centric entertainment giants, such as Google and Netflix, are now replacing some of “old” Hollywood. Technology, media and entertainment companies have a significant presence in West Los Angeles, including Sony Pictures Studios, 20th Century Fox, Creative Artists Agency, William Morris / Endeavor, United Talent Agency, Universal Music Group, Riot Games and Lions Gate Entertainment.
Domestic and international tourists have numerous attractions to choose from in West Los Angeles, including The Getty Center, Los Angeles County Museum of Art and the Museum of Tolerance. Shopping, outdoor activities, concerts and restaurants can be found at the Third Street Promenade in Santa Monica, Downtown Culver City, internationally famed Rodeo Drive in Beverly Hills, Museum Row on Miracle Mile, Little Osaka, Marina Del Rey, Venice, the Fairfax District and Melrose Districts including the famous Farmer’s Market / The Grove. The diversity of amenities available in West Los Angeles make it the premier area to live, work and play.
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
• Building Renderings• Development Cover Sheet• Project Summary• Unit Area Floor Plans• Environmental Reports• Plat Map• TOC Guidelines
Additional Documents
Download
via dropbox.com
Suppor ting Documents
10801 Venice BoulevardLos Angeles, CA
Lloyd H. BakanPrincipal 424.265.9194 [email protected] License #00914232
Gary W. Berwick, CCIMSenior Vice President 424.265.9197 [email protected] License #01196537
The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
avisonyoung.com
THANK YOUPlease contact us with any questions.