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10608 Santa Monica Blvd10608 Santa Monica Blvd | Los Angeles, CA 90025
Errol SpiroChief Executive [email protected]
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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SHEET NUMBER:
SHEET REFERENCE:
SHEET TITLE:
SCALE:
REFERENCE:
ISSUE DATE:
JOB NUMBER:
NOT FORCONSTRUCTION
A000
COVER
106
08 S
AN
TA M
ON
ICA
BLV
D
12/21/17
LOS
AN
GE
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,C
A90
02
5
1060
8 Sa
nta
Mon
ica
Blvd
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Sum
mar
y of
Ter
ms
Summary Of Terms
1060
8 Sa
nta
Mon
ica
Blvd
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Summaryofterms
Address:
Submarket:
Price:
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
SHEET NUMBER:
SHEET REFERENCE:
SHEET TITLE:
SCALE:
REFERENCE:
ISSUE DATE:
JOB NUMBER:
NOT FORCONSTRUCTION
A000
COVER
106
08 S
AN
TA M
ON
ICA
BLV
D
12/21/17
LOS
AN
GE
LES
,C
A90
02
5
1060
8 Sa
nta
Mon
ica
Blvd
. |
Con
stru
ctio
n Pl
ans
Construction Plans
1060
8 Sa
nta
Mon
ica
Blvd
.
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
SHEET NUMBER:
SHEET REFERENCE:
SHEET TITLE:
SCALE:
REFERENCE:
ISSUE DATE:
JOB NUMBER:
NOT FORCONSTRUCTION
A000
COVER
106
08 S
AN
TA M
ON
ICA
BLV
D
12/21/17
LOS
AN
GE
LES
,C
A90
02
5
1060
8 Sa
nta
Mon
ica
Blvd
. |
Loc
atio
n &
Dem
ogra
phic
s
Location & Demographics
1060
8 Sa
nta
Mon
ica
Blvd
.
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.