Commercial Property For SaleEast Hollywood/Silver Lake Retail/Automotive Facility1178 N WESTERN AVENUE, LOS ANGELES, CA 90028 Offering Memorandum

Commercial • Industrial • Residential

The information contained in this offering material is confidential and furnished solely for the purpose of a review by prospective Buyers of the subject property and is not to be used for any other purpose or made available to any other person without the express written consent of Major Properties. This Brochure was prepared by Major Properties. It contains summary information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective Buyer may desire. All information is provided for general reference purposes only and is subject to change. The summaries do not purport to be complete or accurate descriptions of the full documents involved, nor do they constitute a legal analysis of such documents.This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

Exclusively offered byAnthony S Behar Executive Vice President 213.747.8426 office 310.880.2329 mobile anthony@majorproperties.com Lic. 01368565

• Unique Purchase Opportunity

• Hollywood Freeway Adjacent

• Signalized Corner Location

• Very Heavy Vehicle Traffic

• Month-to-Month Tenancy

majorproperties.com

Property Offering

majorproperties.com

• 1178 N Western Avenue presents a buyer with a unique purchase opportunity. The property is located next to the Hollywood (101) Freeway between Sunset Blvd and Santa Monica Blvd, and is adjacent to East Hollywood, Little Armenia and Thai Town.

• The site is located at the southeast signalized corner of Western Ave and Lexington Ave. Western is a major north/south thoroughfare with a traffic count of 49,078 vehicles per day (2018). The Hollywood (101) Freeway has a traffic count of 228,155 vehicles per day (2018).

• The property is currently being utilized as an automotive facility with seven month-to-month tenants, in addition to billboard income.

• The property is ideal for an owner/user, investor or developer.

• The owner occupies one unit and plans to vacate at the close of escrow. This is an ideal situation for an owner/user to move in and collect rents from six tenants. Rents are under market, which creates a great value added opportunity for the buyer.

majorproperties.com

1178 N WESTERN AVENUE, LOS ANGELES, CA 90029

Existing Property DetailsBuilding Area: 6,535± Sq.Ft.

Stories: 1

Construction: Block

Year Built: 1970/1972

Land Area: 11,870± Sq.Ft.

Zoning: LA C4-1VL

Assessor’s Parcel #: 5536-009-005

Tenants: 7 (All Month-to-Month)

Zoning: LA C4-1VL

Current Use: Auto Repair

Historic: No

TOC: Tier 3

Ceiling Height: 15'

Auto Bay Doors: 3 (two: 35'W x 10'H; one: 23'W x 10'H)

Auto Lifts: 4

Electric Meters: 4 (Individually Metered)

Parking: 12± Paved Surface Spaces

Traffic Count (Western): 49,078 Vehicles Per Day

Traffic Count (101 Freeway): 228,155 Vehicles Per Day

• Hard to find automotive facility

• High profile location at Western Avenue and the Hollywood (101) Freeway — Just 2 blocks north of Santa Monica Blvd

• Adjacent to East Hollywood, Little Armenia, Sunset Gower Studios and Paramount Pictures

• Minutes to Koreatown and Downtown Los Angeles

• Heavy traffic signalized corner exposure

• Opportunity to add value by increasing rents

• Possible multi-family or mixed-use development LA C4 zoning allows many possible uses

• Opportunity Zone (tax benefits)

• Hollywood Redevelopment Project area

• Adaptive Reuse Incentive Area

• Walker's paradise (92 score)

• Good transit (62 score)

Investment Highlights

Asking Price: $4,300,000

majorproperties.com

Tenant Rent Per Month* Notes

Tire Shop $3,000

Smog Check 1,000

Auto Mechanic 5,000 Owner occupied unit (will vacate at close of escrow)

Auto Body Shop 5,500

Billboard 1,400 Visible from the 101 Freeway (under market rent)

Food Truck 1,900

Food Truck 1,600 Food trucks operate from 6:30 pm to 2:00 am

Total Monthly Income: $19,400

Total Annual Income: $232,800

* All rents are purposely month-to-month, which allows the buyer to occupy the entire facility or increase the existing rents to market rate and occupy part of the facility. The site has future development potential.

Rent Roll

Monthly Expenses

Trash $220

Water & Power Body Shop 50% Tire Shop 20% Mechanic (Owner) 30%

Billboard Pays their own electric

majorproperties.com

Property Photo

majorproperties.com

Property Photo

majorproperties.com

Property Photo

majorproperties.com

Property Layout

66'

7.5'

35' 35'

40'

35'

94'

19'

93.5'

Western Avenue

All Measurements Approximate

Parking Lot12± Sur face Spaces

Lexi

ngto

n A

venu

e

A lley

Garage

Unit 1176

Unit 1174 Unit 1172

Garage Garage

Off ice

RR RR RR

Off ice

Property Aerial

majorproperties.com

Plat Map

majorproperties.com

Area Map

majorproperties.com

Major Amenities

majorproperties.com

Demographics: 90029 Zip Code

majorproperties.com

MAJOR PROPERTIES1200 W Olympic BlvdLos Angeles, CA 90015

majorproperties.com

1178 N Western AvenueLos Angeles, CA 90029

6,535± SF Building11,870± SF of Land

Exclusively offered byAnthony S BeharExecutive Vice President213.747.8426 office310.880.2329 mobileanthony@majorproperties.comLic. 01368565

www.facebook.com/Asbehar

www.twitter.com/Anthonysbehar

www.linkedin.com/in/anthonysbehar

www.instagram.com/anthonysbehar