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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
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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.
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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
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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
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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.
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INVESTMENT
HIGHLIGHTS
Walk Score95 - WALKER'S PARADISE
Transportation
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AREA
MAP
1511 ROSALIA ROAD
R O S A L I A R D1511 7
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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
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LOCAL
MAP
1511 ROSALIA ROAD
R O S A L I A R D1511 9
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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
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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.
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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.
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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R O S A L I A R D1511 2 3
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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
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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
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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
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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
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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
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R O S A L I A R D1511 3 0
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R O S A L I A R D1511 3 1
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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
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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
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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
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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
R O S A L I A R D1511 3 5
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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
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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
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LOCAL AMENITIES MAP
SILVER LAKE
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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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CONTACT
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