investment highlights - loopnet
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EXCLUSIVELY LISTED BY CHARLES DUNN COMPANY
WEHOFAIRFAXTH
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&PRESENTED BY:
ALBERT R SHILTONSenior Managing DirectorLicense: [email protected]: 310.996.2238
BLAKE A ROGERSManaging DirectorLicense: [email protected]: 310.492.8401
AN ENTITLED ±0.79 ACRE
53 IN PRIME WEST HOLLYWOODLOS ANGELES, CALIFORNIA
UNIT MULTIFAMILYDEVELOPMENT SITE
INVESTMENT HIGHLIGHTS
A+ LOCATION IN PRIME WEST HOLLYWOOD - Site is located on North Fairfax between Fountain Avenue and Santa Monica Boulevard, within walking distance of The Sunset Strip and an array of world-class dining, shopping,and entertainment destinations
HIGH DEMAND AREA - asking rents in the West Hollywoodsubmarket are currently surpassing $4.00 PSF* and marketvacancy is just 2.1%**
MITIGATED ENTITLEMENT RISK – Property is entitled and approved by the City of West Hollywood Planning Commission for the construction of a 53 unit apartment community
COST-EFFICIENT DESIGN with on-grade/semi-subterranean parking and stacked units
* Per recent rent survey** 2Q REIS Report
WEHOFAIRFAXTH
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Learn more at www.thefairfaxweho.com
Site Address 1240-1262 North Fairfax AvenueWest Hollywood, California
Lot Size ± 0.79 acres
Proposed Gross Building Area ± 65,610 SF
Proposed No. of Units 53
Proposed Unit Mix
26 - 1 Bed (987 Avg SF)22 - 2 Bed (1,295 Avg SF)
3 - 2 Bed Townhouse (1,436 Avg SF)2 - 3 Bed Townhouse (1,675 Avg SF)
Parking 80 Parking Spaces
Project Status Approved by West Hollywood Planning Commission
PROPOSED BUILDING AMENITIES*PROPOSED PROJECT SUMMARY*
R&Aarchitecture350
• Central courtyard with buildings connected by bridges
• On-site leasing office
• Library with lounge off the main entrance
• Rooftop pool with multiple sun decks and covered seating
• Rooftop community room and gym with outdoor yoga deck
• BBQ & dining areas on 1st, 3rd, and 5th floors
• Parking for 80 Vehicles with the Potential for an additional 20 with the Installation of Stackers (for a total of 100 parking spaces)
• Panoramic views of Century City, the Hollywood Hills, and Downtown Los Angeles from upper levels and rooftop deck
WEHOFAIRFAXTH
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CHATEAU MARMONT
BRISTOL FARMS
RUNYON CANYON
BAR 66
WHOLE FOODS
SOHOHOUSE
FIG & OLIVE
LAURELHARDWARE
FORMOSA CAFEEVERLEIGH
MELROSE SHOPPING PIZZERIAMOZZA
NOBU
FREDSEGAL
HOLLYWOODBOWL
THE BEVERLYCENTER
MAGICCASTLE
HOLLYWOOD& HIGHLAND
THE SUNSET STRIP
Incorporated in 1984, the City of West Hollywood is a hip, young urban village that brings the hustle and bustle of big city life to laid back Los Angeles. The City is known for its
infectious energy and ties to the entertainment world and is home to an array of stylish boutique hotels, upscale shops, world class restaurants, and the hottest nightlife scene in Los Angeles. West Hollywood is the ideal location for Los Angeleans who want to be centrally located and love to stay busy.
ABOUT WEST HOLLYWOOD
ALBERT R. SHILTONSenior Managing Director
Lic.# [email protected]
Direct: 310.996.2238
BLAKE A. ROGERSManaging Director
Lic.# [email protected]
Direct: 310.492.8401
CHARLES DUNN COMPANYLic.# 012016411925 Century Park East, #2350Los Angeles, CA 90067Tel: 310.312.1800www.charlesdunn.com
CONTACT TEAM SHILTONFOR A FULL MARKETING PACKAGE