11879 Santa Monica Blvd, Los Angeles 1460 Armacost Ave ......11879 Santa Monica Blvd. , Los Angeles,...
3
11879 Santa Monica Blvd, Los Angeles 1460 Armacost Ave, Los Angeles 11879 Santa Monica Blvd., Los Angeles, CA 90025 APN: 4263-032-046 33,158 sq.ft. (assessor,) retail showroom building, 2-stories, built 1990. 15,442 sq.ft. first floor, 17,056 sq.ft. second floor, freight elevator. Subterranean parking 40 spaces, plus 8 spaces behind the building. Lot size: 21,619 sq.ft. (assessor), zone C2. Prime West LA commercial property Santa Monica Blvd. corridor. Wertz Brothers property (First Time on the Market in 88 Years) 11866 Wilshire Blvd Ste 202 | Los Angeles | CA | 90025 | CalBRE 00661619 Deke Keasbey | 310.477.3192 ext. 205 | [email protected] Disclaimer: Information presented is believed reliable but is made without assurances of accuracy. Interested parties must make their own independent investigation of the property, title, zoning, city & county compliance, etc. All references to sq. ft. are approximate. FOR SALE Santa Monica Blvd Armacost Ave Wertz Brothers The building has two 2nd floor stairways, a 20,000 lb freight elevator, and a loading dock rear entrance. There is a cell site roof tenant, $2,281 rent, and a six month lease cancel clause. Seller requires three months rent free tenancy after escrow close to liquidate their business. Display racks may remain.
Transcript of 11879 Santa Monica Blvd, Los Angeles 1460 Armacost Ave ......11879 Santa Monica Blvd. , Los Angeles,...
11879 Santa Monica Blvd, Los Angeles 1460 Armacost Ave, Los Angeles
11879 Santa Monica Blvd., Los Angeles, CA 90025 APN: 4263-032-046 33,158 sq.ft. (assessor,) retail showroom building, 2-stories, built 1990. 15,442 sq.ft. first floor, 17,056 sq.ft. second floor, freight elevator. Subterranean parking 40 spaces, plus 8 spaces behind the building. Lot size: 21,619 sq.ft. (assessor), zone C2.
Prime West LA commercial property Santa Monica Blvd. corridor.
Wertz Brothers property (First Time on the Market in 88 Years)
11866 Wilshire Blvd Ste 202 | Los Angeles | CA | 90025 | CalBRE 00661619Deke Keasbey | 310.477.3192 ext. 205 | [email protected]
Disclaimer: Information presented is believed reliable but is made without assurances of accuracy. Interested parties must make their own independent investigation of the property, title, zoning, city & county compliance, etc. All references to sq. ft. are approximate.
FOR SALE
Santa Monica Blvd
Armacost Ave
Wertz Brothers
The building has two 2nd floor stairways, a 20,000 lb freight elevator, and a loading dock rear entrance. There is a cell site roof tenant, $2,281 rent, and a six month lease cancel clause. Seller requires three months rent free tenancy after escrow close to liquidate their business. Display racks may remain.
11879 Santa Monica Blvd, Los Angeles 1460 Armacost Ave, Los Angeles
11866 Wilshire Blvd Ste 202 | Los Angeles | CA | 90025
11866 Wilshire Blvd Ste 202 | Los Angeles | CA | 90025 | CalBRE 00661619
1. Investment in the existing property for creative office or retail use, or
2. Development property into mixed-use.
The asset is priced at $20,500,000.
1460 Armacost Ave., Los Angeles, CA 90025 APN: 4263-032-044, 4263-032-045 Lot size: 5,883 sq.ft. (assessor), zone R3, improved as a parking lot, 18 spaces.
Combined parcels: 27,502 sq.ft. land (assessor). 66 total parking spaces.
Deke Keasbey | 310.477.3192 ext. 205 | [email protected]
Disclaimer: Information presented is believed reliable but is made without assurances of accuracy. Interested parties must make their own independent investigation of the property, title, zoning, city & county compliance, etc. All references to sq. ft. are approximate.
ARMACOST AVE
Building Rear & Parking Lot
Deke Keasbey CalBRE 00661619 [email protected]
11866 Wilshire Blvd Ste 202 Los Angeles CA 90025 310-477-3192 x205
11879 Santa Monica Blvd. , Los Angeles, CA 90025
APN: 4263-032-046 1460 Armacost Ave., Los Angeles, CA 90025
APN: 4263-032-044, 4263-032-045 Wertz Brothers property Guidelines for Letter of Intent/Purchase Offer Seller is: Wertz Realty Investments, LLC.
• $20,500,000 sale price. • $615,000 deposit (3%). • Buyer to have 21 days after acceptance for due diligence. • After 21 days the deposit to be released out of escrow to seller and shall be non-
refundable to buyer. • Escrow close 60 days after acceptance. • Offer to show evidence of funding source. • Offer to show buyer entity and person authorized to sign for buyer entity. • Seller to select escrow company and title company, competitive pricing. • Seller to have rent-free tenancy for three months after escrow close to liquidate their
business. • Display racks may remain. • Existing roof-top cell site Sprint lease to be provided during due diligence. Lease has 6-
month cancel clause. Seller intends to give notice to cancel the Sprint lease during escrow.
• Buyer shall cooperate with seller’s 1031 exchange. Potential buyers to do their own due diligence about the property, title, zoning, city & county compliance, etc. Seller has no knowledge of hazards or citations on the property. There are no existing plans of the building, built 1990. Call listing broker for appointment to see the building. Do not enter property for inspection without an appointment. Listing Broker: Deke Keasbey 310-477-3192, [email protected] Rod Vargas 310-925-7492, [email protected] Tierra Properties
