Envelope-to: info@sterlingcal.com
Delivery-date: Thu, 18 Aug 2022 11:01:53 -0500
Message-ID: <1139195027244.1109032175899.1577520235.0.711200JL.2002@scheduler.constantcontact.com>
Date: Thu, 18 Aug 2022 12:01:40 -0400 (EDT)
From: Maher Commercial Realty <jeremy@mahercr.com>
Reply-To: jeremy@mahercr.com
To: info@sterlingcal.com
Subject: Price Reduced: Generational Virgil Village Mixed Use Opportunity
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 New Price: $6,500,000 4473-4481 Santa Monica Blvd. | 1110-1114 N. Virgil A=
ve. Los Angeles | CA 90029 S. V. Plaza Generational Virgil Village Mixed Us=
e Opportunity Established Internet Resistant Tenants Building Square Footag=
e 12,662 SF Lot Size 19,576 SF Number of Units 6 Commercial 4 Residential C=
ap Rate 4.44% Proforma Cap Rate 6.03% PROPERTY DESCRIPTION =EF=BB=BF 4473-4=
481 Santa Monica Blvd =E2=80=9CSV Plaza=E2=80=9D presents a generational op=
portunity to acquire a large hard corner parcel with established internet r=
esistant tenants in rapidly gentrifying Virgil Village. An investor can pot=
entially increase rental income by 24%, without tenant buy-out or relocatio=
n agreements. =EF=BB=BFThe 12,662 Square Foot building consists of five ret=
ail spaces on the first floor, all of which are leased. There is a good mix=
 of national tenants including UPS and regional tenants including Urban Pet=
 and BBQ + Rice, each with four other locations in the LA area. The second =
floor consists of four 1,000+ SF Apartment Units and an Office. As the buil=
ding was built in 2005, the apartments are not subject to City or State ren=
t control and can immediately be repositioned. All second floor tenants are=
 month to month. Virgil Village has attracted young families, millennials, =
and East Coast transplants due to an influx of accomplished chefs and proxi=
mity to Los Feliz and Silverlake. The property is across the street from a =
popular bar The Virgil, and a five minute walk from Erehwon. Virgil Village=
 is a dining destination with renowned cafes Sqirl, Melody, Courage Bagels =
and Kinkan. SV Plaza is a short distance from the Santa Monica Blvd/Vermont=
 Metro and the 101 Freeway. PROPERTY FEATURES Sale Price: Building GLA: Lan=
d Area: Proforma Gross Income: Current Gross Income: CAP Rate: Proforma CAP=
 Rate: Commercial Units: Residential Units: Price PSF/Land: Price PSF: Zoni=
ng: Specific Plan: Year Built: =EF=BB=BF Space Available: PROPERTY FEATURES=
 $6,500,000 12,662 SF 19,576 SF $524,608 $397,680 4.44% 6.03% 5 5 $332 $513=
 CM: 4475 Santa Monica Blvd. 1110 N. Virgil Avenue Vermont/Wester SNAP Sub =
8 2005:4473-4481 Santa Monica Blvd., 1114 N. Virgil Avenue One 2BR resident=
ial unit FOR MORE INFORMATION PLEASE CONTACT: Jeremy Shore Senior Investmen=
t Advisor Maher Commercial Realty 310.464.1456 Jeremy@MaherCR.com BRE# 0202=
0539 Oron Maher Broker-Director, Esquire Maher Commercial Realty 310.464.14=
53 Oron@MaherCR.com BRE# 01299093 Real Estate for the Prosperity of All =C2=
=A92022 Maher Commercial Realty. Broker does not guarantee the accuracy of =
square footage, lot size or other information concerning the condition or f=
eatures of property provided by seller or obtained from public records or o=
ther sources, and the buyer is advised to independently verify the accuracy=
 of that information through personal inspection and with appropriate profe=
ssionals. Broker may or may not have an exclusive right to sell property. =
=E2=80=8C =E2=80=8C =E2=80=8C Maher Commercial Realty | 275 S Beverly Drive=
, Ste 100, Beverly Hills, CA 90212 Unsubscribe info@sterlingcal.com Update =
Profile | Constant Contact Data Notice Sent by jeremy@mahercr.com powered b=
y Try email marketing for free today!
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 26px;">New Price: $6,500,000</span></div></div></div>
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<div style="text-align: center;" align="center"><span style="font-size: 20px;">4473-4481 Santa Monica Blvd. | 1110-1114 N. Virgil Ave.</span></div>
<div style="text-align: center;" align="center"><span style="font-size: 20px;">Los Angeles | CA 90029</span></div>
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<div style="text-align: center;" align="center"><span style="font-size: 24px;">S. V. Plaza</span></div>
<div style="text-align: center;" align="center"><span style="font-size: 24px;">Generational Virgil Village Mixed Use Opportunity</span></div>
<div style="text-align: center;" align="center"><span style="font-size: 24px;">Established Internet Resistant Tenants</span></div>
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<div><span style="font-size: 14px; color: rgb(255, 255, 255); font-weight: bold;">Building Square Footage</span></div>
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<div><span style="color: rgb(255, 255, 255);">12,662 SF</span></div>
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<div><span style="font-weight: bold;">Lot Size</span></div>
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<div>19,576 SF</div>
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<div><span style="font-weight: bold;">Number of Units</span></div>
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<div>6 Commercial</div>
<div>4 Residential</div>
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<div><span style="font-weight: bold;">Cap Rate</span></div>
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<div>4.44%</div>
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<div><span style="font-weight: bold;">Proforma Cap Rate</span></div>
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<div>6.03%</div>
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<div><span style="font-size: 22px; text-decoration: underline;">PROPERTY DESCRIPTION</span></div>
<div><span style="font-size: 22px; text-decoration: underline;">&#xfeff;</span></div>
<div><span style="font-size: 16px;">4473-4481 Santa Monica Blvd &#x201c;SV Plaza&#x201d; presents a generational opportunity to acquire a large hard corner parcel with established internet resistant tenants in rapidly gentrifying Virgil Village. An investor can potentially increase rental income by 24%, without tenant buy-out or relocation agreements. </span></div>
<div><br></div>
<div><span style="font-size: 16px;">&#xfeff;The 12,662 Square Foot building consists of five retail spaces on the first floor, all of which are leased. There is a good mix of national tenants including UPS and regional tenants including Urban Pet and BBQ + Rice, each with four other locations in the LA area. </span></div>
<div><br></div>
<div><span style="font-size: 16px;">The second floor consists of four 1,000+ SF Apartment Units and an Office. As the building was built in 2005, the apartments are not subject to City or State rent control and can immediately be repositioned. All second floor tenants are month to month. </span></div>
<div><br></div>
<div><span style="font-size: 16px;">Virgil Village has attracted young families, millennials, and East Coast transplants due to an influx of accomplished chefs and proximity to Los Feliz and Silverlake.</span></div>
<div><br></div>
<div><span style="font-size: 16px;">The property is across the street from a popular bar The Virgil, and a five minute walk from Erehwon. Virgil Village is a dining destination with renowned cafes Sqirl, Melody, Courage Bagels and Kinkan. SV Plaza is a short distance from the Santa Monica Blvd/Vermont Metro and the 101 Freeway.</span></div>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 22px; text-decoration: underline;">PROPERTY FEATURES</span></div></div></div>
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<div style="text-align: right;" align="right"><span style="font-size: 14px;">Sale Price:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Building GLA:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Land Area:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Proforma Gross Income:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Current Gross Income:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">CAP Rate:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Proforma CAP Rate:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Commercial Units:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Residential Units:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Price PSF/Land:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Price PSF:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Zoning:</span></div>
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<div style="text-align: right;" align="right"><span style="font-size: 14px;">Specific Plan:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Year Built:</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">&#xfeff;</span></div>
<div style="text-align: right;" align="right"><span style="font-size: 14px;">Space Available:</span></div>
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<div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 22px; color: rgb(255, 255, 255); text-decoration: underline;">PROPERTY FEATURES</span></div></div></div>
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<div><span style="font-size: 14px;">$6,500,000</span></div>
<div><span style="font-size: 14px;">12,662 SF</span></div>
<div><span style="font-size: 14px;">19,576 SF</span></div>
<div><span style="font-size: 14px;">$524,608</span></div>
<div><span style="font-size: 14px;">$397,680</span></div>
<div><span style="font-size: 14px;">4.44%</span></div>
<div><span style="font-size: 14px;">6.03%</span></div>
<div><span style="font-size: 14px;">5</span></div>
<div>5</div>
<div><span style="font-size: 14px;">$332</span></div>
<div><span style="font-size: 14px;">$513</span></div>
<div><span style="font-size: 14px;">CM: 4475 Santa Monica Blvd.</span></div>
<div><span style="font-size: 14px;">1110 N. Virgil Avenue </span></div>
<div><span style="font-size: 14px;">Vermont/Wester SNAP Sub 8</span></div>
<div><span style="font-size: 14px;">2005:4473-4481 Santa Monica Blvd.,</span></div>
<div><span style="font-size: 14px;">1114 N. Virgil Avenue</span></div>
<div><span style="font-size: 14px;">One 2BR residential unit</span></div>
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<div><span style="color: rgb(153, 34, 96);">Maher Commercial Realty</span></div>
<div><span style="color: rgb(153, 34, 96);">310.464.1456</span></div>
<div><span style="color: rgb(153, 34, 96);">Jeremy@MaherCR.com</span></div>
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<div><span style="color: rgb(153, 34, 96);">310.464.1453</span></div>
<div><span style="color: rgb(153, 34, 96);">Oron@MaherCR.com</span></div>
<div><span style="color: rgb(153, 34, 96);">BRE# 01299093</span></div>
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<div class="text-container galileo-ap-content-editor"><div><div style="text-align: center;" align="center"><span style="color: rgb(153, 34, 96); font-weight: bold;">Real Estate for the Prosperity of All</span></div></div></div>
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