10608 Santa Monica Blvd10608 Santa Monica Blvd | Los Angeles, CA 90025

Errol SpiroChief Executive Officer310.202.9166errol@mdrealtycorp.com

3627 Motor AvenueLos Angeles, CA 90034www.mdrealtycorp.com

PROPERTY HIGHLIGHTS●

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9,350 Sq FT development site for sale on Santa Monica Blvd. Just West of Century City.

Plans to build (28) units consisting of (18) 2 BR + 2 bath & (10) 3 BR + 2 Bath Units. Permits could be pulled within 3 months.

Rare opportunity to have a RTI development site for a new multi-family building on one of the most well known streets in Los Angeles!

Asking price of $8,380,000

PROPERTY DESCRIPTION

Brokering apartment investments for over 50 yearsThe above is for information only. Miller & Desatnik DOES NOT GUARANTEE the accuracy of this information sheet.

10608 Santa Monica Blvd | 28 Unit Development Site

10608 Santa Monica Blvd. is a twenty-eight (28) unit development site in a prime West LA location. The site is located at east of Westwood Blvd & West of S. Beverly Glenn. The size of the lot is approximately 9,350 Sq Ft and is zoned LAC2. The site will be (RTI) ready in approximately two months. The plan will call for twenty-eight (28) units consisting of ten (10) 3 bedroom + 3 bath and eighteen (18) two bedroom + 2 bath units. Three (3) of the units will be designated to low income tenants. The plans also include, one level subterranean and one level of on grade parking for a total of (46) parking spaces. The lot qualifies for Tier 2 of The Transit Oriented Communities (TOC) Plan with the potential to build 42 units . Very rare opportunity to purchase a RTI multi-family development site in a prime West LA location.

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Address:

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10604/08SantaMonicaBlvd

LosAngeles,CA90025

CenturyCity/WestLos

Angeles$8,380,000

31,200+/-SFBuildableSF.:

LotSize: 9,350+/-SF.

LotSize(includingalley): 10,224+/-SF.

APN: 4321-003-035

Zoning: C2-1VL

ProjectSummary

28unitsinclusiveof3affordableunits,sixstoryapartmentbuildingoveronelevelsubterraneanparkingandoneongradeparking.

Projectedrentalincome

Sixteen2BR+2bathunits(averaging$4,500): $72,000/month

Two2BR+2bathlowincomeunits(averaging$466) 932/month

Nine3BR+3bathunits(Averaging$4,900) $44,100/month

One3BR+3bathlowincomeunit 466/month

Totalmonthlyrent $117,498

Totalannualrent $1,409,976

Averagerental/month $4,196

Averageunitsize 1,115Sq.Ft.

Averagerent/Sq.Ft. $3.76

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Rendering Photos

3627 Motor AvenueLos Angeles, CA 90034(p) 310.202.9166(f) 310.558.1684www.mdrealtycorp.cpm

Rendering Photos

3627 Motor AvenueLos Angeles, CA 90034(p) 310.202.9166(f) 310.558.1684www.mdrealtycorp.cpm

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LOCATION MAP

Brokering apartment investments for over 50 yearsThe above is for information only. Miller & Desatnik DOES NOT GUARANTEE the accuracy of this information sheet.

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AERIAL MAP

Brokering apartment investments for over 50 yearsThe above is for information only. Miller & Desatnik DOES NOT GUARANTEE the accuracy of this information sheet.

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© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

West Los Angeles is a vivacious, unpretentious neighborhood made up of single-family residences, multi-story complexes, and surrounded by bustling city streets. West Los Angeles is in the city of Los Angeles in the Westside region of Los Angeles County. Its urban borders stretch from the beautiful sea-side sights of Santa Monica to the wonderfully storied streets of upscale Westwood, Brentwood and Beverly Hills neighborhoods.

The L.A. Department of City Planning estimates the population of West Los Angeles to be 13,582, with approximately 12,061 people per square mile. While this may seem high for other parts of the country, it’s perfectly contented for the multi-faceted, fast-paced life of an Angelino. The West Los Angeles neighborhood fits perfectly into the mix, as the streets of Santa Monica, Sepulveda and Pico Boulevard all gleam with their own eclectic mix of retailers, which include vintage diners, low-key coffee shops, Indie theatres, sprawling office campuses, favorited strip malls, and many others unique businesses that make West Los Angeles a gem among the city.

West Los Angeles residents take pride in their neighborhood. Simply travel along the arterial streets of the neighborhood and you can find yourself at one of LA’s favorite culinary areas, “Little Tokyo” in Sawtelle, or a short trip from any other part of the city, as West Los Angeles is in a perfectly central position with easy access to both the I-405 and I-10 freeways. This suburban-paced urban neighborhood hosts a myriad of attractions. You won’t tire of the neighborhood’s inviting mix of simple pleasures.

WEST LOS ANGELES

DEMOGRAPHICS

Brokering apartment investments for over 50 yearsThe above is for information only. Miller & Desatnik DOES NOT GUARANTEE the accuracy of this information sheet.

Population Characteristic 1 Mile 3 Mile 5 Mile

Ages 0-4 1,513 12,430 27,637

Ages 5-9 1,812 13,780 31,935

Ages 10-14 1,535 11,584 27,746

Ages 15-19 1,373 10,817 26,171

Ages 20-24 1,358 13,359 29,464

Ages 25-29 1,699 17,556 35,146

Ages 30-34 2,469 22,226 43,369

Ages 35-39 3,332 26,011 52,706

Ages 40-44 3,869 27,214 59,237

Ages 45-49 3,807 25,735 60,111

Ages 50-54 3,374 22,478 55,241

Ages 55-59 2,909 19,340 48,670

Ages 60-64 2,467 16,104 40,717

Ages 65-69 2,073 13,020 32,509

Ages 70-74 1,703 9,988 24,567

Ages 75-79 1,363 7,390 17,888

Ages 80-84 1,036 5,214 12,419

Household Income 1 Mile 3 Mile 5 Mile

Median Household Income $89,609 $74,832 $72,265

< $10000 1,601 10,771 21,471

$10000-$14999 505 5,067 14,044

$15000-$19999 561 5,103 12,305

$20000-$24999 437 4,451 11,882

$25000-$29999 543 4,557 11,605

$30000-$34999 541 4,490 11,020

$35000-$39999 460 4,077 10,906

$40000-$44999 698 5,052 11,807

$45000-$49999 674 4,415 9,996

$50000-$60000 971 8,271 20,083

$60000-$74000 1,869 12,199 28,118

$75000-$99999 2,390 15,504 34,062

$100000-$124999 2,011 11,574 27,254

$125000-$149999 1,261 7,175 16,585

$150000-$199999 1,775 9,177 21,525

> $200000 3,394 16,332 37,239

Race Characteristic 1 Mile 3 Mile 5 Mile

Non Hispanic White 30,684 197,765 448,988

Population Black 305 8,671 37,300

Population Am In/AK Nat 6 269 664

Characteristic Housing 1 Mile 3 Mile

Housing Units 23,216 144,946

Occupied Housing Units 21,249 133,602

Owner Occupied Housing Units 9,720 45,341

Renter Occupied Housing Units 11,529 88,261

Vacant Housing Units 1,967 11,344

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Confidentiality and Disclaimer

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from

Miller & Desatnik Realty Corp. and should not be made available to any other person or entity without the written consent of Miller & Desatnik Realty Corp. This

Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the

subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Miller & Desatnik Realty Corp. has not made any

investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the

property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the

financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information

contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Miller & Desatnik Realty Corp. has not verified, and will not verify,

any of the information contained herein, nor has Miller & Desatnik Realty Corp. conducted any investigation regarding these matters and makes no warranty or

representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the

information set forth herein.