FOR SALE 2600-2610 S. ROBERTSON BLVD.

CULVER CITYCULVER CITY

EL SEGUNDOEL SEGUNDO

HAYDEN TRACTHAYDEN TRACT

MARINA DEL REYMARINA DEL REY

Los Angeles International Airport PACIFIC OCEAN

PALMSPALMS

10

10

SANTA MONICA FWY

SANTA MONICA FWY

Helms Bakery District

Hamilton High School

Downtown Culver City Culver Steps Amazon Culver Hotel Trader Joe's One Culver Sony Pictures WeWork Equinox HBO

NATIONAL BLVD.NATIONAL BLVD.

VENICE BLVD.

VENICE BLVD.

CATTARAUGUS AVE.CATTARAUGUS AVE.

HARGIS ST.HARGIS ST.

OLIN ST.OLIN ST.

GIBSON ST.GIBSON ST.

BEVERLYWOOD ST.BEVERLYWOOD ST.

W 25TH ST.W 25TH ST.

2600-2610 S. ROBERTSON BLVD.LOS ANGELES, CA

S. R

OB

ER

TSO

N B

LVD

.

S. R

OB

ER

TSO

N B

LVD

.

FOR SALE±16,219 SF Redevelopment Site

Zoned for: Commercial and Residential


Culver CityExpo Line

PalmsExpo Line

Apple Ivy Station Father's Office HD Buttercup Helms Bakery

Nike Beats by Dre

TIMOTHY L. BOWERSenior Vice President +1 310 550 2521 [email protected] 08864693

JENSEN TONER Client Services Specialist +1 310 550 2605 [email protected] Lic. 02059080

KAMRAN PAYDARFirst Vice President +1 310 550 2529 [email protected] Lic. 01242590

LAURIE LUSTIG-BOWERExecutive Vice President +1 310 550 2556 [email protected] Lic. 00979360

Multifamily SpecialistsRetail Specialists OFFERING PRICE:

$6,900,000

www.2600Robertson.com

WEST LOS ANGELESWEST LOS ANGELES

PALMSPALMS

MAR VISTAMAR VISTASANTA MONICASANTA MONICAPACIFIC OCEAN


S. ROBERTSON BLVD.

S. ROBERTSON BLVD.

OLIN ST.

OLIN ST.

GIBSON ST.

GIBSON ST.

BEVERLYWOOD S

T.

BEVERLYWOOD S

T.

SANTA MONICA FWY

SANTA MONICA FWY

10

10

2600-2610 S. Robertson Blvd., Los Angeles, CA 2

CENTURY CITYCENTURY CITY

WESTWOODWESTWOOD

RANCHO PARKRANCHO PARK

BEVERLY HILLSBEVERLY HILLS

BEVERLYWOODBEVERLYWOOD


S. ROBERTSON BLVD.

S. ROBERTSON BLVD.

HA

RG

IS ST.

HA

RG

IS ST.

OLIN

ST.

OLIN

ST.

GIBSON ST.

GIBSON ST.

BEVERLYWOOD ST.

BEVERLYWOOD ST.

W 25TH ST.

W 25TH ST.

W 24TH ST.

W 24TH ST.

DAVID AVE.

DAVID AVE.


DOWNTOWN LOS ANGELESDOWNTOWN LOS ANGELES

WEST ADAMSWEST ADAMS

SANTA MONICA FWY

SANTA MONICA FWY

10

10

Cumulus District

Kaiser Permanente

Shenandoah Street Elementary School

Jefferson/La Cienega

S. ROBERTSON BLVD. S. ROBERTSON BLVD.

BEVERLY

WO

OD

ST.

BEVERLY

WO

OD

ST.

W. 2

5TH ST.

W. 2

5TH ST.

OLIN

ST.

OLIN

ST.

GIB

SO

N S

T.G

IBS

ON

ST.



.


EXECUTIVESUMMARY

1 2 3AREA

OVERVIEWRENT AND

SALES COMPARABLES

S. ROBERTSON BLVD.

S. ROBERTSON BLVD.



KAMRAN PAYDARVice President +1 310 550 2529 [email protected] Lic. 01242590



$6,900,000



WESTWOODWESTWOOD




S. ROBERTSON BLVD.

S. ROBERTSON BLVD.

HA

RG

IS ST.

HA

RG

IS ST.

OLIN

ST.

OLIN

ST.

GIBSON ST.

GIBSON ST.

BEVERLYWOOD ST.

BEVERLYWOOD ST.

W 25TH ST.

W 25TH ST.

W 24TH ST.

W 24TH ST.

DAVID AVE.

DAVID AVE.


EXECUTIVE SUMMARY2600-2610 S. ROBERTSON BLVD.

THE OPPORTUNITYLocal shopping and dining options include bustling Downtown Culver City, local Robertson Boulevard and Venice Boulevard eateries, the Pico Boulevard commercial district, Westwood, Beverly Hills and Century City.

Key employment centers are located in the immediate neighborhood or within short commuting distance including:

The immediate neighborhood contains a wide array of daily needs shopping and service businesses, including restaurants, a Sprouts Market on Venice Boulevard, a Target on La Cienega Boulevard, and a planned Whole Foods Market.

Current improvements on the Property consist of ±6,565 SF of building area located on ±16,219 SF of land with leases that are all month to month.

2600-2610 S. Robertson Boulevard is being offered at $6,900,000.


CBRE, Inc., as exclusive agent is pleased to present for sale a ±0.37-acre infill redevelopment site with the potential to build ±24,329 square feet by right and ±32,843 with State Density Bonus in the highly desirable Beverlywood neighborhood of West Los Angeles, California.

Located north of Interstate 10 at 2600-2610 South Robertson Boulevard, the Property is zoned for C4-1VL-CPIO which allows for commercial and residential uses.

The Property has great visibility with ±200 feet of frontage at a signalized intersection on highly trafficked Robertson Boulevard and ±80 feet of frontage along Beverlywood Street, and boasts a “Very Walkable” WalkScore of 85 out of 100.

2600-2610 S. Robertson is proximate to:

• An abundance of retail, shopping and entertainment amenities• Numerous key employment centers• Average value of owner-occupied housing units within 1-mile: $1,316,076 • Three Metro Expo Line stations• Easy access to ocean front and hiking trail recreation

West Los Angeles is an ideal location to live, work, and play.

Education and income demographics in the immediate area are exceptional: 62.1% of the population has a Bachelor’s or Master’s/Professional/Doctorate Degree and 2025 projected household income is $149,518.

Beverly Hills Culver City Century CitySanta MonicaPlaya Del Rey

Westwood/UCLABrentwoodSilicon BeachSouth Bay

S. ROBERTSON BLVD. S. ROBERTSON BLVD.

BEVERLY

WO

OD

ST.

BEVERLY

WO

OD

ST.


• Excellent West Los Angeles Location

• “Very Walkable” WalkScore of 85 out of 100

• Development supported by strong multifamily

demand drivers

• Great Visibility with ±200 Feet Along S. Robertson

Blvd. & ±80 Feet Along Beverlywood St.

• Signalized intersection - Exposure of up to ±48,000

Vehicles Per Day

• Key Employment Centers are Adjacent or Nearby:

Beverly Hills

Culver City

Century City

Santa Monica

Playa Del Rey

Westwood/UCLA

Brentwood

Silicon Beach

South Bay

• Abundance of Local Restaurant and Retail Amenities:

Local shopping and dining options include bustling Downtown Culver City, local Robertson Boulevard and Venice Boulevard eateries, the Pico Boulevard commercial district, Westwood

Minutes to Century City, Beverly Hills, and Santa Monica

OPPORTUNITY HIGHLIGHTS


• Exceptional Demographics

2025 projected household income of $149,518

• Close to Three Metro Expo Line Stations:

Robertson/Venice, Palms, La Cienega/Jefferson

Access to Santa Monica Pier, Downtown Los Angeles

and points in between

• Enjoyment of Local Cultural Amenities

Getty Center

Hammer Museum, Westwood

The Broad Stage, Santa Monica (Performing Arts)

Wallis Annenberg Center for Performing Arts, Beverly Hills

Geffen Playhouse, Westwood

The Actors’ Gang, Culver City

Century City Mall

Downtown Culver City

• Abundant and Beautiful Recreation

Minutes to ocean and beachfront

Hiking trails

Neighborhood parks and recreation centers

OPPORTUNITY HIGHLIGHTS


PROPERTY INFORMATION

Property Address2600-2610 S. Robertson Blvd.Los Angeles, CA 90034

APN4301-007-001 (2600 S. Robertson Blvd.)4301-007-002 (2610 S. Robertson Blvd.)

Lot Size±16,219 SF± 0.37 Acres

Zoning C4-1VL-CPIO

Transit Oriented Community No

Permitted FAR1.5:1 (By Right)2.025:1(Max)

Height Limit45 Feet (By Right) 56 Feet (Using the Statewide Density Bonus)

Current ImprovementsApproximately 6,565 SF of building area located on ±16,219 SF of land with leases that are month to month

Frontage±200 Feet Along S. Robertson Blvd. &±80 Feet Along Beverlywood

Entitled No

City Council District 10 - Herb J. Wesson, Jr.


RENT ROLL (August 2020)

Unit Tenant NameMonthly

RentLease Terms

Lease Expiration

Comments

8972 VACANT $0 - -

2600 Art & Soul Tattoo $2,300 MG* MTMHas not paid rent since April 1, 2020 due to

COVID-19 closure.

2602 Mostly Angels $1,400 MG* MTMMonthly rent was $1,900. Negotiated a discount and pre-paid to Dec 31, 2020 at $1,400 monthly

rent.

2604 Eli’s Upholstery $1,900 MG* MTM

2606 VACANT $0 - -

2608 VACANT $0 - -

2610/2612VACANT - Former Beverlywood Swim School

(Under Negotiation)$0 - -

Owner is currently negotiating a short term lease of approximately 9 months at a rate of

approximately $10,000 per month.

TOTAL $5,600

* Owner pays for water usage and trash removal.

S. ROBERTSON BLVD.

S. ROBERTSON BLVD.

BEVERLYWO

OD

ST.

BEVERLYWO

OD

ST.



WESTWOODWESTWOOD




S. ROBERTSON BLVD.

S. ROBERTSON BLVD.

HA

RG

IS ST.

HA

RG

IS ST.

OLIN

ST.

OLIN

ST.

GIBSON ST.

GIBSON ST.

BEVERLYWOOD ST.

BEVERLYWOOD ST.

W 25TH ST.

W 25TH ST.

W 24TH ST.

W 24TH ST.

DAVID AVE.

DAVID AVE.


AREA OVERVIEW2600-2610 S. ROBERTSON BLVD.

West Los Angeles is one of the most desirable residential and business locations in Los Angeles County. The submarket of West Los Angeles is generally defined as the area north of the 10 freeway, west of Century City/Rancho Park, south of Wilshire Boulevard and east of Centinela Avenue. With its proximity to the Pacific Ocean, this location provides superior weather conditions compared to other (inland) areas of the county. Freeway access to the area is considered good with several points of ingress/egress to the 405 freeway as well as the 10 freeway. Housing prices along with apartment, retail, and office rents in the area are generally higher than most other regions in the county. Over the long term, the area is expected to retain its highly desirable reputation, establishing the benchmark for the remainder of the region. The long-term outlook for the West Los Angeles region is positive.

WEST LOS ANGELES


.


DEMOGRAPHICS

POPULATION

2020 Estimated Population 327,456

2025 Estimated Population 335,630

2020 Employees 246,578

HOUSEHOLDS

2020 Households 140,861

2025 Households 143,485

MEDIAN AGE

2020 Median Age 38

EDUCATION

Associate's/Bachelor’s Graduate or Professional Degree 62.1%

AVERAGE HOUSEHOLD INCOME

2025 Household Income (1 mile) $149,518

2025 Household Income (3 miles) $137,648

TRAFFIC COUNTS

S. Robertson @ 24th 57,665

S. Robertson @ Hargis 57,197

S. Robertson @ Venice 90,522

National @ I-10 39,005

10 Freeway 267,355

Stats shown based on 3 mile radius. Source: CBRE Analytics 2020.

Source: CBRE Analytics 2020.

DENSE URBAN INFILL LOCATION


Los

Ange

les

Rive

r

Los Angeles River

PACIFIC OCEAN

CRENSHAW/

PURPLE LINE EXTENSION

REGIONAL CONNECTOR

LAX LINE

LAX

Universal C

ity/Studio City

Hollywood/V

ine

Hollywood/H

ighland

Universal C

ity/Studio City

Civic Ctr/

Civic Ctr/

Civic Ctr/

Civic Ctr/

GrandGrandGrandGrand

ParkParkParkPark

Westlake/M

acArthur P

ark

Warner Ctr

Roscoe

Pico/Alis

o

Mariach

i Plaza

Long Beach Bl

Artesia

Del Amo

Civic Ctr/

GrandPark

Allen

LakeSierra

Madre Villa

Arcadia

Monrovia

Duarte/City

of Hope

Irwindale

Azusa Downtown

APU/Citrus Colle

ge

Lincoln/Cypress

Heritage Sq

Southwest Museum

Highland Park

Fillmore

Del Mar

Memorial Park

South Pasadena

Westlake/M

acArthur P

ark

Wilshire

/Vermont

Pershing

Chinatown

Union Station

Chinatown

Square

7th St/Metro CtrPico

LATTC/OrthoInstitute

Jefferson/U

SC

LAX FlyAwayAmtrak & MetrolinkLAX FlyAway

LAX FlyAwayLAX FlyAway

LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX Shuttle G

Amtrak & MetrolinkMetro

link

Sherman Way

Warner Ctr

Roscoe

Nordhoff

Chatsworth

Hollywood/W

estern

Vermont/S

anta MonicaHolly

wood/Western

Hollywood/V

ine

Hollywood/H

ighlandNorth

Hollywood

Balboa

Balboa

Woodley

Sepulveda

Sepulveda

Van Nuys

Van Nuys

Woodman

Valley Colle

ge

Laurel Canyo

n

Canoga

Canoga

De Soto

De Soto

Pierce Colle

ge

Pierce Colle

ge

Tampa

Tampa

Reseda

Reseda

Vermont/B

everly

Vermont/S

anta Monica

Vermont/S

unset

Vermont/S

unset

Amtrak & Metrolink

Soto

Indiana

Maravilla

East LA Civic C

tr

Atlantic

El Monte

Cal State LA

LAC+USC Medica

l Ctr

Pico/Alis

o

Mariach

i Plaza

Wilshire

/

Normandie

Wilshire

/Western

ExpoPark

/USC

Expo/Vermont

Expo/Western

Expo/Crenshaw

Farmdale

Expo/La Brea

La Cienega/Jefferson

Culver C

ity

Palms

Westwood/R

ancho Park

Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

17th St/S

MC

Downtown Santa Monica

Mariposa

El Segundo

Douglas

Redondo Beach

37th St/USC

Rosecrans

Harbor

Carson

Pacific CoastHwy

GatewayTransit Ctr

Long Beach Bl

AvalonVerm

ont/

AthensCrenshaw

Hawthorne/Lennox

Aviation/L

AX

Lakewood Bl

Norwalk

Norwalk

Slauson

Manchester

Harbor F

wy

5th St

1st St

PacificAv

DowntownLong Beach

PacificAv

Washington

Vernon

Slauson

Florence

Firestone

Compton

Artesia

Del Amo

Wardlow

Willow St

Pacific Coast Hwy

Anaheim St

103rd St/

Willowbrook/Rosa Parks

Watts Towers 103rd St/

Willowbrook/Rosa Parks

DowntownLong Beach

Grand/LATTC

San Pedro St

Watts Towers

Union Station

Little To

kyo/

Little To

kyo/

Arts Dist

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

CENTRAL LA

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SANTAMONICA

SOUTH LA

CENTRAL LA

WESTSIDE

metro.netMetro Rail & Busway

North Hollywood to Union Station

Metro Rail

Wilshire/Western to Union StationPurple Line

Blue Line

Expo Line

Orange Line

Amtrak

LAX FlyAway

Metrolink

Metro Busway

Regional Rail

Green Line

Gold Line

Downtown LA to Long Beach

Downtown LA to Santa Monica

Redondo Beach to Norwalk

East Los Angeles to Azusa

Silver Line Chatsworth to North Hollywood

San Pedro to El Monte

amtrak.com

metrolinktrains.com

lawa.org/flyaway

LAX Shuttle (free)lawa.org

Street Service in Downtown LAand San Pedro

MAY 2016 Subject to Change

Airport Shuttle

Rail Station

StationTransfer

Busway

Station

UNDERCONSTRUCTION

Busway StreetService

Red Line

17-2

413M

M ©

2017

LAC

MTA

APR 2017 Subject to Change

LA METROThree separate Metro EXPO Line stations are located less than one-to-two miles from 2600-2610 S. Robertson Boulevard: Culver City, Palms and La Cienega/Jefferson Stations. The Expo Line allows passengers the ability to travel to the Pacific Ocean in less than 20 minutes, and to Downtown Los Angeles in less than 40 minutes.

The Metro Expo Line connects Los Angeles’ Westside by rail with Downtown Los Angeles, Hollywood, the South Bay, Long Beach, Pasadena and the San Fernando Valley. With 10 new stations serving Culver City, Santa Monica, USC (University of Southern California) and Downtown Los Angeles, the Metro Rail system will expand 80 stations over 87 miles of rail destinations across LA County.

2600-2610 S.ROBERTSON BLVD.LOS ANGELES, CA


DRIVE TIMESFrom 2600 -2610 S. Robertson Blvd. (without traffic)

Culver City 5 minutes

Santa Monica 8 minutes

Century City 8 minutes

Beverly Hills 8 minutes

Westwood 10 minutes

LAX Airport 14 minutes

Hollywood 16 minutes

Downtown Los Angeles 12 minutes



CULVER CITY

Culver City Employers

Culver City is in high demand. It has become a prime destination to work, dine, shop and revel in the beauty of this historic movie town and its dynamic art scene. Culver City has become a focal point for culture and nightlife hosting an array of events while providing the clean and efficient transportation to reach them.

Culver City boasts an incredibly desirable demographic base - affluent, young, active and highly educated. With its centrality and a growing amount of retail as well as its housing and transportation options, many are choosing to live, work, and play in Culver City.

Downtown Culver City is a charming collection of outdoor cafes, unique shops, art galleries, creative offices and vibrant nightlife opening onto tree-lined boulevards. It boasts a City Hall of stunning architecture, Center Theatre Group’s nationally renowned Kirk Douglas. Striking landmark buildings are home to an array of entrepreneurial businesses and creative enterprises, along with a wide selection of retail and restaurant services for local residents to enjoy. Downtown Culver City offers the perfect combination of small-town charm, with all the benefits of cosmopolitan big-city living.

Culver City is currently one of the most talked about office areas in Los Angeles. In the past few years, the area has experienced impressive tenant demand as well as outsized rent growth. This has spurred elevated construction levels and the pipeline is currently among the fullest of any submarket in L.A. today. Culver City has won several of the mega lease deals announced in L.A. and has benefited from the content production arms race underway in the city among the media juggernauts. Amazon, Apple, and HBO have all made sizable commitments to projects under construction.

The Platform 2600-2610 S. Robertson Blvd., Los Angeles, CA 19

Just a six minute drive from the Property, West Adams is located just East of Culver City is undergoing a major transformation. Spurred largely by the development of CIM Group, West Adams has quickly become one of Los Angeles’ fastest growing submarkets and is home to an array of excellent restaurants. Currently there are over 23 development sites located between S. Redondo Bvld. and S. Fairfax Ave. which will be developed into creative office, retail, residential and hospitality. West Adams will include over 40,000sf of retail, over 50,000sf of creative office, numerous mixed-use developments and hundreds of residential units.

Culver City & West Adams Area Development

4D Development - 115 Unit Mixed-Use Project

Carmel Partners - Cumulus• 100,000SF Retail• 1,200 Apartment Units

Redcar Properties - Creative Office Development

Samitaur Constructs - (w) Rapper• 170,000SF Office

Hackman Capital - Apple• 85,000SF Office

CIM - 6-story, 60-unit live/work office building

Marlton Square - New shopping center with a residential component

6

7

8

9

10

11

12

Goat HQ

Rios Clementi Hale HQ

5109 W. Adams• CIM Group• Proposed • 69 Resi Units• 6,000 SF Retail

5135 W. Adams• CIM Group• Under Construction• 10 Resi Units

5170 W. Adams• CIM Group• Proposed• 43 Unit Hotel

19

20

21

22

23

Olson Homes Development - 100 residential town homes and condos and 13,500 SF of open space

Expo Place30,000 SF creative office conversion

Expo Place• 50,000 SF Sweetgreen HQ

Watt Companies Development492 residential units and 47,500 SF of retail

District Square Development6.5-acre site including 573 residential units and retail amenities

Capri Capital Partners - Crenshaw Plaza Redevelopment 8-story, 400 room hotel, 10,000 SF or high end retail and a 10-story 148,000 SF office tower

13

14

15

16

17

18

1

Karney Properties• 234 Apartments, 45,000SF Retail,

30,000SF of Outdoor Space

Hackman Capital - Culver Steps• Future Amazon HQ• 75,000SF Office, 45,000SF Retail

and Public Plaza

Lincoln Property - Apple HQ• 128,000 SF Office

Hackman Capital - Culver Studios• Future Amazon HQ• 720,000SF

Lowe Enterprises - Ivy Station• Mixed-Use Project• 200,000SF Office, 55,000SF Retail, 200

Apartments, 148 Room Hotel, 2 Acres of Outdoor Space

2

3

4

5

DowntownCulver City

Arts District

BlackwelderCreative Campus

HaydenTract

CulverCity La Cienega/

Jefferson

9

10

11

12

13

14

Nearby Developments

Hackman Capital - Culver Steps • Future Amazon HQ • 75,000sf Office, 45,000sf Retail and Public Plaza Hackman Capital - Culver Studios • Future Amazon HQ • 720,000sf OfficeCIM - Mixed-Use Development Lowe Enterprises - Ivy Station • Mixed-Use Project • 200,000sf Office, 55,000 sf Retail, 200 Apartments, 148 Room Hotel, 2 Acres of Outdoor Space Lincoln Property - Apple HQ • 128,000sf Office Karney Properties - The Wesley • 234 Apartments, 45,000sf Office, 30,000sf of Outdoor Space

5

8

1

2

3

4

Samitaur Constructs - (W)Rapper • 170,000sf Office Carmel Partners - 115 Unit Mixed-Use Project Hackman Capital - Apple • 85,0000sf Office CIM - Mixed-Use Development CIM - Warehouse Purchase - Plans TBD CIM - Apartment Complex 4d Development - 115 Unit Mixed-Use Project CIM - 78-Key Hotel CIM - 6-Story, 60-Unit Live/Work Office Building

6

7

5767 West Adams

Expo/La Brea

Expo/Crenshaw

Farmdale

Expo/Western

Palms

Westwood/Rancho

9

14

12

10

2

1

3

6

5

84

11

9

8 76

54

3

2

1 1615 17

14

12 13

1819

10

20

212223

CR

ENSH

AW B

LVD

LA B

REA

AVE

FAIR

FAX

AVE

HA

USE

R B

LVD

RED

ON

DO

BLV

D

BU

CK

ING

HA

M R

DW

EST

BLV

D

ADAMS BLVDADAMS BLVD

INTERSTATE

10

AREA DEVELOPMENT MAP2600-2610 S. ROBERTSON BLVD.LOS ANGELES, CA


Less than five miles from the subject site, the City of Santa Monica offers a plethora of retail and cultural amenities, and is an employment hub for nearly 290,000 daytime employees. Santa Monica attracts a large daytime workforce due to a large concentration of media and entertainment companies, such as Yahoo!, HBO, Hulu, Universal Music, Amazon, CBS, Riot Games, Red Bull, Google, Sony and Lionsgate Entertainment, inhabiting more than five million square feet of Class A and creative office space.

Santa Monica is centered on three miles of wide, sandy white beaches making it the ultimate beach destination in Southern California for residents and visitors alike. The city is the perfect beach town with a plethora of attractions. With its excellent economic and demographic fundamentals, Santa Monica is one of the nation’s most desirable locations for residents, companies, and retailers.

SANTA MONICA

THE RELOCATION OF TECH COMPANIES TO SOUTHERN CALIFORNIA IS PART OF A GROWING MOVEMENT OF U.S. CITIES SEEKING TO DUPLICATE THE FORMULA THAT TURNED NORTHERN CALIFORNIA’S SILICON VALLEY INTO A MECCA OF SOCIETY-SHIFTING INNOVATION AND IMMENSE WEALTH.

– THE MERCURY NEWS 2600-2610 S. Robertson Blvd., Los Angeles, CA 21

Westwood is approximately 10 minutes by car from the Property. It is home to UCLA and the popular shopping area of Westwood Village. Westwood Village tenants include Whole Foods Market, Trader Joe’s, Target, Ralph’s, Urban Outfitters, Victoria’s Secret, Chipotle, Starbucks, Peet’s, The Coffee Bean & Tea Leaf, and CVS. Along Wilshire Boulevard, the Westwood office market is comprised of 12 office buildings comprising 3.6 million square feet of gross leasable area, housing nearly 10,000 jobs.

WESTWOOD

UCLA Statistics• 45,921 UCLA total enrollment (2018-2019)

• 14th in Global Ranking 2020 (U.S. News & World Report ranked)

• First among public universities (2020 Wallstreet Journal/Times

Higher Education)

• First among public universities (2020) and 20th overall among

national universities (U.S. News & World Report)


CENTURY CITYCentury City is a prominent business community comprised of major industry sectors: legal, financial, entertainment, hospitality, medical, professional and retail services. This “city within a city” is home to a cluster of high-rises that command a visible stretch of L.A.’s skyline.

Nearly 50,000 people flock to Century City for the workday, but only approximately 6,000 Angelenos call this sleek, commercially-driven neighborhood home.

Though its population density thins at the end of the workday, Century City is rife with neighborhood infrastructure. Several shopping malls and a host of upscale restaurants contribute to a thriving retail and nightlife scene within this commercial center, including the 422,000-square-foot Westfield Mall development.

Woodridge Capital Partners began construction on this $2.5 Billion project in 2016. The development consists of two 44-story towers, located at 2025 Avenue of the Stars, and will house a combined 268 luxury residences once completed. Architecture firm Pei Cobb Freed & Partners designed the twin towers, which are fashioned in the shape of Reuleaux triangles - a nod to the design of the iconic Century Plaza office towers across the street.

Right next to the towers, the historic Century Plaza Hotel is undergoing a full refurbishment and will transform into a 400-key Fairmont Hotel. It will include 63 condominiums on the upper floors, as well as 93,000 square feet of commercial space. Gensler and Marmol Radziner designed the 16-story adaptive reuse structure, building upon Minoru Yamasaki's original design.

As of October 2019, the Los Angeles Times reports that sales prices at for the new condominiums would range from as low as $2 million to more than $50 million. More than $200 million in pre-sales had been closed at that point in time.

Completion of the hotel is expected this Spring, while the toweres are scheduled to open in Spring 2021.

New Century Plaza DevelopmentWestfield Mall

New Century Plaza Development 2600-2610 S. Robertson Blvd., Los Angeles, CA 23

BEVERLY HILLS

Beverly Hills is one of the most celebrated and desired destinations in the world. A name long associated with sophistication, glamour and elegance, Beverly Hills is a distinguished city offering the very best in hotels, shopping, dining and service. In the heart of it all sits Rodeo Drive – undeniably one of the most famous streets on the globe. With more than 100 world-renowned stores and hotels comprising its three magnificent blocks within the Golden Triangle, it is easy to become lost in the street’s splendor and charm.

Located in the heart of Los Angeles County, midway between downtown Los Angeles and the Pacific Ocean, the City is located approximately 3 miles north of 2600-2610 S. Robertson Blvd. The City was incorporated in 1914 and consists of approximately 5.7 square miles of Los Angeles County’s most prominent and expensive real estate. It is carried by the focus of the entertainment industry, retail sales and important business enterprises, as well as high income families and celebrities with high-value housing stock throughout the community.

Beverly Hills contains some of the most exclusive, private luxury residences in the world, with home prices among the highest in greater Los Angeles and the United States.

Beverly Hills’ surrounding communities and major employment centers includes the University of California Los Angeles, Westwood’s Wilshire Boulevard office and condominium corridor, Century City 20th Century Fox Studios, Cedars-Sinai Medical Center, Wilshire Boulevard’s Miracle Mile, Hollywood and West Hollywood.

Rodeo Drive

The Four Seasons 2600-2610 S. Robertson Blvd., Los Angeles, CA 24


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RENT AND SALES COMPARABLES2600-2610 S. ROBERTSON BLVD.

RETAIL COMPARABLES

Property address City Zip Sale Price Land Size $/SF Land Zoning Sale Date9080 Pico Blvd. Los Angeles 90067 $6,000,000 0.30 AC (13,360 SF) $449 C4-1VL-O September 20193318-3322 La Cienega Pl. Los Angeles 90016 $29,000,000 1.32 AC (57,499 SF) $504 MR1 May 20196055 W. Pico Blvd. Los Angeles 90035 $6,542,433 0.33 AC (14,375 SF) $455 LAC4 June 20189500 W. Pico Blvd. Los Angeles 90035 $11,500,000 0.48 AC (20,909 SF) $550 LAC4 October 2017

Property address City Zip Tenant Size $/SF/Yr Term Transaction Date1528 S. Robertson Blvd. Los Angeles 90035 Xotx Nursery 2,000 SF $46.20 MG 2 Years January 20208985 Venice Blvd. Los Angeles 90034 Pure Barre 1,770 SF $40.56 NNN 3 Years November 20198835-8837 Pico Blvd. Los Angeles 90035 Confidential 1,000 SF $48.00 NNN 5 Years June 2019

Property address City Zip Use/Type SF Available Rent/SF/Yr2839 S. Robertson Blvd. Los Angeles 90034 Retail 900 SF $54.00 MG1800 S. Robertson Blvd. Los Angeles 90035 Retail 1,070 SF $50.40 NNN1449 S. Robertson Blvd. Los Angeles 90035 Retail/Office 1,400 SF $40.80 + Utilities

Land Sale Comps

Lease Comps

Properties for Lease

RETAIL COMPS

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.


MULTIFAMILY DEVELOPMENT PIPELINE

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3311 La Cienega Blvd. 10412 W Venice Blvd. 3355 Overland Ave. 3570 Motor Ave. 5301 W Adams Blvd.

8809 Washington Blvd. 3608-3618 Dunn Dr. 3630-3638 Overland Ave. 3500 & 3524 S Chesapeake Ave. 3764-3766 S Motor Ave.

1056 S La Cienega Blvd. 10522-10528 Woodbine St. 3741 Motor Ave. 6001 W Pico Blvd. 3321 S La Cienega Blvd.

UNDER CONSTRUCTION

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MULTIFAMILY DEVELOPMENT PIPELINE

PROJECT NAME ADDRESS ZIPYEAR BUILT

DEVELOPER PIPELINE STAGE

ARQ 3311 La Cienega Blvd. 90016 2021 Carmel Partners Under Construction

Upper Ivy 8809 Washington Blvd. 90232 2020 Lowe Enterprises Real Estate Group Under Construction

1056 South La Cienega Boulevard 1056 S La Cienega Blvd. 90035 2021 Amoroso Companies Under Construction

10412 West Venice Boulevard 10412 W Venice Blvd. 90232 2021 California Landmark Group Under Construction

3608-3618 Dunn Drive 3608-3618 Dunn Dr. 90034 2020 Wiseman Residential Under Construction

10522-10528 Woodbine Street 10522-10528 Woodbine St. 90034 2021 Under Construction

3355 Overland Avenue 3355 Overland Ave. 90034 2021 RKR Partners Under Construction

The Jagger 3630-3638 Overland Ave. 90034 2022 Anejo Development Under Construction

3741 Motor Avenue 3741 Motor Ave. 90034 2020 Under Construction

3570 Motor Avenue 3570 Motor Ave. 90034 2021 Under Construction

3500 & 3524 South Chesapeake Avenue 3500 & 3524 S Chesapeake Ave. 90016 2021 Under Construction

6001 West Pico Boulevard 6001 W Pico Blvd. 90035 2021 Under Construction

5301 West Adams Boulevard 5301 W Adams Blvd. 90016 2020 CIM Group Under Construction

3764-3766 South Motor Avenue 3764-3766 S Motor Ave. 90034 2021 Under Construction

VOX 3321 S La Cienega Blvd. 90016 2021 Carmel Partners Under Construction

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Subject Property

3838 by CLG

Access Culver City

Harlow Culver City

M Lofts

MULTIFAMILY RENT SURVEY

© 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified byeither CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take suchsteps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

Rent Comp Map

Layout ID:L01 MapId:7278057

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The buildings are currently offering varying free rent concessions due to COVID-19. (pgs 30-33)

86 Units

3838 Dunn Drive

Culver City, CA 90232

(323) 379-1988

Completed Date

February, 2018

B+Improvements Rating

Occupancy

Common Area Amenities - Controlled Access, Fitness Center, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 117 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Above Ground and SubterraneanFunctional Characteristics - Private Balcony/PatioApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

3838 by CLG

Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt

Studio 2 2.33% 442 884 $2,594 $5.87

One Bedroom/Alcove 1 1.16% 552 552 $2,735 $4.95

One Bedroom 74 86.05% 648 47,987 $3,033 $4.68

Two Bedroom/One and Three Quarter Bath 8 9.30% 1,085 8,678 $4,080 $3.76

Three Bedroom/One and Three Quarter Bath 1 1.16% 1,085 1,085 $4,318 $3.98

Total/Average 86 100% 688 59,186 $3,139 $4.55

Page 1 of 4

Source: Occupancy data derived from USPS records

91.9%


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Source: Yardi


115 Units

8770 Washington Blvd


(310) 837-8770

Completed Date

September, 2016

AImprovements Rating

Occupancy 96.5%

Common Area Amenities - Controlled Access, Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 344 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Above Ground and SubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type - CombinationOther Factor - Major Street Exposure - Washington Blvd and National Blvd, View - Downtown Los AngelesApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Access Culver City


Studio 3 2.61% 607 1,821 $3,377 $5.56

One Bedroom/Alcove 17 14.78% 762 12,954 $3,293 $4.32

One Bedroom 39 33.91% 754 29,388 $3,221 $4.27

Two Bedroom/Two Bath 34 29.57% 1,105 37,556 $4,691 $4.25

Two Bedroom/Townhouse/Loft/Two Bath 12 10.43% 1,289 15,468 $5,374 $4.17

Three Bedroom/Townhouse/Two and Three Quarter Bath 9 7.83% 1,858 16,726 $6,175 $3.32

Three Bedroom/Townhouse/Three and One Half Bath 1 0.87% 1,844 1,844 $7,518 $4.08

Total/Average 115 100% 1,007 115,757 $4,163 $4.14

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Source: Yardi


131 Units

9901 Washington Blvd


(310) 845-9455

Completed Date

February, 2016

A-Improvements Rating

Occupancy 90.8%

Common Area Amenities - Controlled Access, Fitness Center, Clubhouse, Rental Office - Stand AloneParking - Total Parking - 253 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type - Steel FrameOther Factor - Major Street Exposure - Washington Blvd, View - Downtown Los AngelesApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Harlow Culver City


Loft/Studio 7 5.34% 761 5,329 $3,934 $5.17

One Bedroom 14 10.69% 674 9,430 $3,304 $4.90

One Bedroom/Den 5 3.82% 825 4,125 $3,364 $4.08

One Bedroom/Townhouse/One and One Half Bath 19 14.50% 852 16,179 $4,098 $4.81

One Bedroom/Townhouse/Loft/One Bath 4 3.05% 848 3,392 $5,665 $6.68

One Bedroom/Townhouse/Den/One and One Half Bath 8 6.11% 923 7,380 $4,142 $4.49

Two Bedroom/One and One Half Bath 5 3.82% 833 4,165 $2,995 $3.60

Two Bedroom/Two Bath 21 16.03% 1,010 21,204 $3,749 $3.71

Two Bedroom/Townhouse/One and One Half Bath 13 9.92% 1,109 14,420 $4,267 $3.85

Two Bedroom/Townhouse/Two and One Half Bath 6 4.58% 1,219 7,314 $4,138 $3.39

Three Bedroom/Two Bath 9 6.87% 1,219 10,974 $4,229 $3.47

Three Bedroom/Three Bath 2 1.53% 1,315 2,630 $4,301 $3.27

Three Bedroom/Townhouse/One and One Half Bath 4 3.05% 1,023 4,092 $4,348 $4.25

Three Bedroom/Townhouse/Two and One Half Bath 14 10.69% 1,412 19,762 $4,564 $3.23

Total/Average 131 100% 995 130,396 $4,017 $4.04

Page 3 of 4


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Source: Yardi


115 Units

3425 Motor Avenue

Los Angeles, CA 90034

(310) 280-3900

Completed Date

October, 2014

BImprovements Rating

Occupancy 93.9%

Common Area Amenities - Controlled Access, Four Laundry Facilities, Fitness Center, Rental Office - Stand AloneParking - Total Parking - 175 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameOther Factor - Major Street Exposure - Motor AvenueApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

M Lofts


Loft/Studio 80 69.57% 369 29,484 $2,357 $6.40

One Bedroom 35 30.43% 493 17,253 $2,625 $5.31

Total/Average 115 100% 406 46,737 $2,428 $6.04

Page 4 of 4


Source: Yardi

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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 acknowledgement 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 acknowledgement 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.

DISCL AIMER 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

© 2020 CBRE, Inc. All Rights Reserved.


S. ROBERTSON BLVD.

S. ROBERTSON BLVD.

FOR SALE±16,219 SF Redevelopment Site

Zoned for: Commercial and Residential




KAMRAN PAYDARFirst Vice President +1 310 550 2529 [email protected] Lic. 01242590



$6,900,000


FOR SALE 2600-2610 S. ROBERTSON BLVD.

Documents

Transcript of FOR SALE 2600-2610 S. ROBERTSON BLVD.