621 s. catalina the nest · 2018-07-19 · w 6th st w 6th st w 6th st wilshire blvd s kenmore ave s...
TRANSCRIPT
the Nest621 S. CATALINALOS ANGELES, CA
THE OFFER THE DETAILS THE LAND
EXECUTIVE SUMMARY
ECCRE is pleased to present this parcel of land perfectly situated in the heart of Koreatown,
just blocks away from popular restaurants, shopping, and the Metro Purple line. This property
is currently in the entitlements process for 165 residential units. Koreatown is in extremely high
demand for rental apartment units and development, so do not miss out on this tremendous
opportunity to own in one of the hottest markets in Los Angeles.
KOREATOWNINVESTMENT HIGHLIGHTS
BOOMING RESIDENTIALMARKET• 40+ projects underway - reflective of a strong bet on Koreatown’s continued growth.
• Aparment rents have trended steadily up since 2012, while vacancy remains low.
DESTINATIONNEIGHBORHOOD• The hot spot in LA - restaurants, night life, and shopping attract day visitors and relocations alike of Koreatown.
• Investment is pouring into the neighborhood - luxury condos, creative office, and historic renovations are in process.
EXCELLENT WALKABILITYAND TRANSIT SERVICE• 5 minute walk to Wilshire / Vermont Metro rail stop, providing direct transit access to Universal City and Hollywood via the Red Line which also connects to Downtown Los Angeles.
• Major purple line expansion will provide 1-seat service to UCLA / Westwood by 2024.
• Koreatown is celebrated as one of the top 5 most walkable neighborhoods in Los Angeles.
ENTITLEMENTS IN PROCESS FOR165 RESIDENTIAL UNITS• Location within Los Angeles Transit Oriented Communities tier 3 confers entitlement and permitting benefits.
• In-place revenue from parking operations will help off-set planning/carry costs.
W 6th St W 6th StW 6th St
Wilshire Blvd
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THE OFFER THE DETAILS THE LAND
APN 5502-028-021
LAND SF 24,450
ZONING C2-2
ENTITLED UNITS 165
ENT STATUS PENDING
NEIGHBORHOOD KOREATOWN
TRANSIT ORIENTED 3
COUNCIL DISTRICT 10 – HERB WESSON
621 S. CATALINALOS ANGELES, CA
THE OFFER THE DETAILS THE LAND
DISCLAIMERThe depiction in the included photograph of any person, entity, sign, logo or property other than ECCRE Inc’s client and the property offered by ECCRE, Inc. is incidental only and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and ECCRE or its client. This listing shall not be deemed an offer to lease, sublease, or sell such property, and in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of ECCRE Inc’s agreement with its principal, if, as and when such commission, if any, is actually received from such principal. A copy of the rates and conditions referred to above with respect to this property is available upon request. Information provided is based on information provided to ECC Real Estate Inc. by resources deemed to be reliable and should be verified by prospective buyers.
www.eccre.com4047 Wilshire Blvd. #200Los Angeles, CA 90010(213) 546-4305
PRESENTED BY
the Nest621 S. CATALINALOS ANGELES, CA
JIMMY CHAIPrincipalBRE#[email protected]
ANDREW MARTINEZAssociateBRE#[email protected]
JOSEPH RYUAssociateBRE#[email protected]
SANDRA PARKAssociateBRE#[email protected]