719 s hoover st - brochure
TRANSCRIPT
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
Presented by: Mark Hong Alison HanBRE #01067529 BRE #01439057Direct (213) 251-9000 X101 Direct (213) 251-9000 X107Mobile (213)700-6780 Mobile (818) [email protected] [email protected]
719 S Hoover StLOS ANGELES, CA 90005
FOR SALE$1,500,000
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
PROPERTY INFORMATION
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PROPERTY HIGHLIGHTS
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
719 S Hoover StLOS ANGELES, CA 90005
SUBJECT
PROPERTY
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
719 S Hoover StLOS ANGELES, CA 90005
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
719 S Hoover StLOS ANGELES, CA 90005
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
719 S Hoover StLOS ANGELES, CA 90005
Improved Office Area
Restrooms (2)
Mezzanine
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
719 S Hoover StLOS ANGELES, CA 90005
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
PARCEL MAP
719 S Hoover StLOS ANGELES, CA 90005
ZONING MAP
We make no guaranty as to the accuracy of the above. Opinions and estimates are KORUS Real Estate's judgment as of the release date, subject to change. Redistributionwithout our consent is prohibited.
This copyrighted report contains research licensed to KORUS Real Estate - 90887.
2/5/2015
Page 1
1 1172-1178 N Western Ave SOLD
Los Angeles, CA Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:
Actual Cap Rate:
$290.74$1,900,000 - Confirmed08/04/2014 Bldg Type:
Zoning:Sale Conditions:
Year Built/Age:GLA:
--
Parcel No:Financing:
5536-009-005Down payment of $640,000 (33.7%); $1,260,000 from Seller
Confirmed
RetailAuto RepairBuilt 1970 Age: 446,535 SF
LAC4Purchase By Tenant
Land Area: 11,761 SF (0.27 AC)Price/SF:
3090894Comp ID:
2 4365 W Pico Blvd SOLD
Los Angeles, CA 90019 Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:
Actual Cap Rate:
$255.10$1,500,000 - Confirmed05/12/2014 (668 days on mkt) Bldg Type:
Zoning:Sale Conditions:
Year Built/Age:GLA:
-6.90%
Parcel No:Financing:
5082-016-021Down payment of $256,700 (17.1%); $1,243,300 from Wells Fargo Bk Na
Confirmed
RetailStorefront Retail/ResidentialBuilt 1948 Age: 665,880 SF
C4-
Land Area: 11,326 SF (0.26 AC)Price/SF:
3029375Comp ID:
3 1016 N Alvarado St SOLD
Los Angeles, CA 90026 Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:$166.67$1,250,000 - Confirmed12/15/2014 (83 days on mkt) Bldg Type:
Zoning:
Year Built/Age:GLA:
-
Parcel No:Financing:
5404-003-024$1,125,000 from Seller
Confirmed
RetailFreestandingBuilt 1928 Age: 867,500 SF
C2Land Area: 7,405 SF (0.17 AC)
Price/SF:
3187839Comp ID:
We make no guaranty as to the accuracy of the above. Opinions and estimates are KORUS Real Estate's judgment as of the release date, subject to change. Redistributionwithout our consent is prohibited.
This copyrighted report contains research licensed to KORUS Real Estate - 90887.
2/5/2015
Page 1
4 830 Hoover St SOLD
Los Angeles, CA 90006 Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:
Actual Cap Rate:
$151.61$1,225,000 - Confirmed05/14/2014 Bldg Type:
Zoning:Sale Conditions:
Year Built/Age:GLA:
-7.30%
Parcel No:Financing:
5141-026-007Down payment of $1,225,000 (100.0%)
Confirmed
RetailStorefront Retail/ResidentialBuilt 1966 Age: 488,080 SF
C2-
Land Area: 6,098 SF (0.14 AC)Price/SF:
3034341Comp ID:
5 2229 Venice Blvd - U.s Oriental Motors SOLD
Los Angeles, CA 90006 Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:$790.96$1,120,000 - Full Value05/05/2014 (88 days on mkt) Bldg Type:
Zoning:
Year Built/Age:GLA:
-
Parcel No:Financing:
5074-012-019, 5074-012-020-
Full Value
RetailFreestandingBuilt 1970 Age: 441,416 SF
C2-2, Los AngelesLand Area: 13,939 SF (0.32 AC)
Price/SF:
3024549Comp ID:
6 4100-4104 Melrose Ave SOLD
Los Angeles, CA 90029 Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:$250.00$1,110,000 - Confirmed04/07/2014 (161 days on mkt) Bldg Type:
Zoning:
Year Built/Age:GLA:
-
Parcel No:Financing:
5539-023-001Down payment of $1,110,000 (100.0%)
Confirmed
RetailAuto Repair-4,440 SF
LAC2Land Area: 14,810 SF (0.34 AC)
Price/SF:
3003558Comp ID:
We make no guaranty as to the accuracy of the above. Opinions and estimates are KORUS Real Estate's judgment as of the release date, subject to change. Redistributionwithout our consent is prohibited.
This copyrighted report contains research licensed to KORUS Real Estate - 90887.
2/5/2015
Page 2
7 3401-3413 Venice Blvd SOLD
Los Angeles, CA 90019 Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:$163.37$1,050,000 - Full Value02/28/2014 Bldg Type:
Zoning:
Year Built/Age:GLA:
-
Parcel No:Financing:
5072-024-014$275,000 from Bay Area Employment Development$500,000 from Wells Fargo Bk Na
Full Value
RetailFreestandingBuilt 1956 Age: 586,427 SF
LAC2Land Area: 6,970 SF (0.16 AC)
Price/SF:
3034130Comp ID:
8 3874-3884 S Western Ave SOLD
Los Angeles, CA 90062 Los Angeles County
Sale Date:
– Research Status:
PrFrma Cap Rate:
Sale Price:
Actual Cap Rate:
$250.14$900,000 - Confirmed08/18/2014 (21 days on mkt) Bldg Type:
Zoning:Sale Conditions:
Year Built/Age:GLA:
-6.16%
Parcel No:Financing:
5036-009-012, 5036-009-029Down payment of $900,000 (100.0%)
Confirmed
RetailRestaurantBuilt 1946 Age: 683,598 SF
LAC2-
Land Area: 16,117 SF (0.37 AC)Price/SF:
3101760Comp ID:
We make no guaranty as to the accuracy of the above. Opinions and estimates are KORUS Real Estate's judgment as of the release date, subject to change. Redistributionwithout our consent is prohibited.
This copyrighted report contains research licensed to KORUS Real Estate - 90887.
2/5/2015
Page 3
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness.
3525 W 8th StLOS ANGELES, CA 90005
DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
2013 Total Population 128,446 583,350 1,245,518
2013 Households 44,301 204,913 430,846
% Population Change 2010-2013 -3,354 3,085 8,057
% Household Change 2010-2013 -2,535 -4,414 -6,731
2013 Total Population: Median Age 32 33 33
2013 Total Population: Adult Median Age 39 40 41
2013 Household Income: Median $29,076 $33,268 $36,932
2013 Household Income: Average $38,208 $48,127 $53,952
719 S Hoover StLOS ANGELES, CA 90005