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5100 Santa Monica Boulevard
Los Angeles, CA 90029

Price: $5,500,000 Zoning: C2-1D
Land SF: 19,536 SF Price/Land SF: $282
TOC: Tier 3
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $5,500,000
Land SF: 19,536 SF
Price/Land SF: $282
TOC: Tier 3
Zoning: C2-1D
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

Prime East Hollywood location Santa Monica Boulevard

  • Located in a the high-growth, burgeoning submarket of East Hollywood, CA, which boasts over 4,400 in-progress or recently completed residential development projects
  • Dense immediate population with strong underlying demographics
  • Located within close proximity to a number of national retailers and high-end residential developments
  • 180 feet of linear frontage along Santa Monica Boulevard

 

Unique Development Opportunity

  • Potential 84 unit, 53,725 square foot development site utilizing Tier 3 TOC Incentives
  • 19,536 square feet of land zoned C2-1D
  • $65,476 Per Buildable Unit ($73,333 Per Market Rate Unit assuming 10% ELI Units)
  • High-growth sub-market undergoing significant expansion
  • Significant demand for housing in the immediate area

 

Located Along Santa Monica Boulevard, One of Main Retail Thoroughfares Through Los Angeles

  • Within close proximity to Jons Fresh Market, Chick-fil-A, McDonald’s, Smart & Final, Target, Walgreens, and many more
  • Daily traffic counts exceed 33,795 vehicles per day
  • Walk score of 91 out of 100 (Walker’s Paradise)

 

Dense Immediate Population with Strong Underlying Demographics

  • Over 89,629 people are located within one mile of the subject property, 526,789 people within three miles, and 1,094,267 within five miles
  • There are over 32,135 households located within one mile of the subject property, 213,661 with three miles, and 438,841 within five miles
  • Average household income is over $61,009 within one mile of the subject property, $80,906 within three miles, and $87,060 within five miles
  • Strong local single family home sub-market with median home value of $806,517 within one mile of the subject property