www.CONCORD-RE.com | [email protected] | 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 3055-3057 Hollycrest Drive LOS ANGELES CA 90068 OFFERING MEMORANDUM BEAUTIFUL SPANISH STYLE 5 UNITS IN HOLLYWOOD HILLS
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
3055-3057 Hollycrest DriveLOS ANGELESCA 90068
OFFERING MEMORANDUM
BEAUTIFUL SPANISH STYLE 5 UNITS IN HOLLYWOOD HILLS
PRESENTEDBY
Kenny Stevens
BRE#01090251
310.551.0660 Ext. 141 direct
Our mission
LOCATIONLocation Overview
Market Aerial
New Developments
PROPERTY SUMMARYProperty Highlights
Property Details Property
Location Aerial Photo
Parcel Orientation
Photography
FINANCIALSFinancial Overview
Rent Roll
COMPARABLESSales Comps
Rent Comps
MARKETING PACKAGEOVERVIEW
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
Managing Partner / Senior Vice President
3055-3057 Hollycrest DriveLos Angeles, CA 90068
ABOUT US
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Our world has changed and so has the business of real estate. It’s not enough to work with a typical real estate
company. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfolio
together under one roof, combining corporatecapabilities with a family feel.
Concord is the evolution of real estate. We’re changing the game and moving above and beyond what
you’ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so you
don’t have to. From acquisition to management to construction to the disposition, Concord is elevating your
experience every step of the way.
3055-3057 Hollycrest DriveLos Angeles, CA 90068
OUR CLIENTS ENTRUST US WITH SO MANY ASPECTS OF THEIR REAL ESTATE LIFE. OUR MISSION IS TO DUTIFULLY GUIDE THEM, CREATE VALUE AND ACT
IN HARMONY WITH THEIR BEST INTEREST.
WE PARTNER WITH YOU EVERY STEP OF THE WAY TO ELEVATE YOUR REAL ESTATE EXPERIENCE
a different kind of real estate partner.
OUR MISSION 3055-3057 Hollycrest DriveLos Angeles, CA 90068
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
LOCATION
3055-3057 Hollycrest Drive LOS ANGELES CA 90068
LOCATIONLOCATION OVERVIEW
HOLLYWOOD HILLS
The Hollywood Hills are the area young money and celebrity are drawn to more than any other
neighborhood in Los Angeles. The proximity to the best shopping, dining, and nightlife on the Westside
of Los Angeles combined with breathtaking views and a sense of privacy explain the draw for young
Hollywood and celebrities from industries such as music and sports. Neighborhoods in Hollywood Hills
West include the Bird Streets, Doheny Estates, Sunset Plaza, Outpost Estates, Whitley Heights, Laurel
Canyon, Nichols Canyon, Mt. Olympus, and Hollywood Heights. Neighborhoods within Hollywood Hills
East include Beachwood Canyon, Lake Hollywood, Lake Hollywood Estates, Hollywoodland, Hollywood
Dell, Franklin Village, Hollywood Knolls, and Hollywood Manor.
3055-3057 Hollycrest DriveLos Angeles, CA 90068
LOCATIONLOCATION OVERVIEW
3055-3057 Hollycrest Drive - The heart of Hollywood is 2.2 miles to the south, Studio City is 2.5 miles north
west, Universal Studios and Universal City Walk are less than a mile away, and 1.9 Miles from Warner Bros
Studio in Burbank. Some of the best hiking and biking trails, public golf, and picnic areas in Los Angeles
are 3.5 miles east of the property in Griffith Park. The property is 1.5 miles away from the famous Runyon
Canyon Park. The Hollywood Bowl, one of the most prominent concert venues in the city, is 1.6 miles
south. Trendy Franklin Village, just 2.5 miles to the southeast, is lined with street-side cafes, coffee shops,
bars, and retail stores. The famous Hollywood Forever Cemetery, home to outdoor film screenings, is just
4.5 miles south. The property’s location near The 101 Hollywood Freeway allows for quick and easy
access to numerous parts of Greater Los Angeles. Additionally, 3055 Hollycrest Drive is located just
minutes from Universal City Metro station, connecting Hollywood with Downtown/Chinatown to the
southeast and Hollywood, Universal City and North Hollywood to the northwest.
3055-3057 Hollycrest DriveLos Angeles, CA 90068
LOCATIONMARKET AERIAL
GriffithObservatory
101
Hollywood Bowl
3055-3057 Hollycrest DriveLos Angeles, CA 90068
3055 Hollycrest Dr
Hollywood Sign
Studio City
BeachwoodCanyon
PROPERTY SUMMARY
3055-3057 Hollycrest Drive LOS ANGELES CA 90068
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY SUMMARYPROPERTY HIGHLIGHTS
BEAUTIFUL SPANISH STYLE 5 UNITS IN HOLLYWOOD HILLS
* Conveniently located in the hills between Hollywood & Studio City.
* Close to major Studios in Universal City, Burbank &Hollywood
* Surrounded by multi-million dollar single family homes
* Roof, plumbing and electrical have all been upgraded in the last 7 years
* (1) 2+1 with private patio, (2) large 1+1 and (2) large studios
* The 2-bed and large 1-bed units have full-size washer/dryer and front+rear entry
* Hardwood floors, arched doorways, unique built-ins
* 4 garages create additional income potential
* Abundant street parking in addition to the 4 garages
* Beautifully landscaped and maintained
3055-3057 Hollycrest DriveLos Angeles, CA 90068
BEAUTIFUL SPANISH STYLE 5 UNITS IN HOLLYWOOD HILLS
PROPERTY SUMMARYPROPERTY DETAILS
Units (1) 2+1 with private patio, (2) large 1+1, (2) StudioMajor Intersection Hollycrest Dr & Cahuenga BlvdMarket Hollywood HillsAPN 5579-039-009Zoning Type LARD1.5Building Size 3,151 square feet
PROPERTY DETAILS
3055-3057 Hollycrest DriveLos Angeles, CA 90068
PROPERTY SUMMARYPROPERTY AERIAL
3055-3057 Hollycrest DriveLos Angeles, CA 90068
3055-3057 Hollycrest Dr
PROPERTY SUMMARYPROPERTY PHOTOS
3055-3057 Hollycrest DriveLos Angeles, CA 90068
PROPERTY SUMMARYPROPERTY PHOTOS
3055-3057 Hollycrest DriveLos Angeles, CA 90068
PROPERTY SUMMARYPROPERTY PHOTOS
3055-3057 Hollycrest DriveLos Angeles, CA 90068
PROPERTY SUMMARYPROPERTY PHOTOS
3055-3057 Hollycrest DriveLos Angeles, CA 90068
PROPERTY SUMMARYPROPERTY PHOTOS
3055-3057 Hollycrest DriveLos Angeles, CA 90068
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
FINANCIALS
3055-3057 Hollycrest Drive LOS ANGELES CA 90068
FINANCIALSFINANCIAL OVERVIEW
3055-3057 Hollycrest DriveLos Angeles, CA 90068
FINANCIALSRENT ROLL
3055-3057 Hollycrest DriveLos Angeles, CA 90068
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
COMPARABLES
3055-3057 Hollycrest Drive LOS ANGELES CA 90068
COMPARABLESSALES COMPS
Sales Comps
2419 Cheremoya Ave
6100-6110 Glen Adler St
1954 Hillcrest Rd
3325 Primera Ave
3469-3657 Regal Pl
3055 Hollycrest Dr
3055-3057 Hollycrest DriveLos Angeles, CA 90068
COMPARABLESSALES COMPS
1
3055-3057 Hollycrest Dr, Los Angeles, CA 90068
1954 Hillcrest Rd, Los Angeles, CA 90068 6100-6110 Glen Adler St, Los Angeles, CA 90068
2419 Cheremoya Ave, Los Angeles, CA 90068
Sale Price $2,295,000
COE 4/7/17
# of Units 7
Building SF 5,193
Price/SF $441.94
Price/Unit $327,857
Year Built 1962
Sale Price $2,460,000
COE 3/21/17
# of Units 6
Building SF 4,613
Price/SF $533.28
Price/Unit $410,000
Year Built 1949
Sale Price $4,700,000
COE 11/30/16
# of Units 11
Building SF 9,067
Price/SF $518.36
Price/Unit $427,273
Year Built 1938
3325 Primera Ave, Los Angeles, CA 90068 3469- 3657 Regal Pl, Los Angeles, CA 90068
Sale Price $2,700,000
COE 2/15/17
# of Units 8
Building SF 7,311
Price/SF $369.31
Price/Unit $337,500
Year Built 1958
Sale Price $2,200,000
COE 2/17/17
# of Units 5
Building SF 5,456
Price/SF $403.23
Price/Unit $440,000
Year Built 1938
Listed for $1,600,000
# of Units 5
Building SF 3,151
Price/SF $508
Price/Unit $320,000
Cap Rate 3.69%
GRM 16.27
Year BuiltUNITS UNIT TYPE
1 2 Bed/1 Bath
2 1 Bed/1 Bath
2 Studio
UNITS UNIT TYPE
3 2 Bed/1.5 Bath
3 2 Bed/1 Bath
1 1 Bed/1 Bath
UNITS UNIT TYPE
5 2 Bed/1 Bath
1 1 Bed/1 Bath
UNITS UNIT TYPE
1 1 Bed/1 Bath
UNITS UNIT TYPE
6 2 Bed/1 Bath
2 1 Bed/1 Bath
UNITS UNIT TYPE
1 3 Bed/1.5 Bath
1 2 Bed/1.5 Bath
1 2 Bed/1 Bath
2 1 Bed/1 Bath
3055-3057 Hollycrest DriveLos Angeles, CA 90068
COMPARABLESSALES COMPS
Sales Comps
3339 Primera Ave
2069 Paramount Dr
1743 Courtney Ave
3055 Hollycrest Dr
3055-3057 Hollycrest DriveLos Angeles, CA 90068
COMPARABLESSALES COMPS
1
3055-3057 Hollycrest Dr, Los Angeles, CA 90068
1743 Courtney Ave, Los Angeles, CA 900462069 Paramount Dr, Los Angeles, CA 90068
3339 Primera Ave, Los Angeles, CA 90068
Sale Price $1,744,050
COE 10/25/16
# of Units 4
Building SF 3,561
Price/SF $489.76
Price/Unit $436,013
Year Built 1956
Sale Price $1,840,000
COE 11/30/16
# of Units 3
Building SF 2,849
Price/SF $645.84
Price/Unit $613,333
Year Built 1955
Sale Price $1,761,175
COE 10/20/16
# of Units 3
Building SF 94,280
Price/SF $411.49
Price/Unit $587,058
Year Built 1926
Listed for $1,600,000
# of Units 5
Building SF 3,151
Price/SF $508
Price/Unit $320,000
Cap Rate 3.69%
GRM 16.27
Year BuiltUNITS UNIT TYPE
1 2 Bed/1 Bath
2 1 Bed/1 Bath
2 Studio
UNITS UNIT TYPE
1 3 Bed/2 Bath
3 1 Bed/1 Bath
UNITS UNIT TYPE
2 3 Bed/3 Bath
1 1 Bed/1 Bath
3055-3057 Hollycrest DriveLos Angeles, CA 90068
UNITS UNIT TYPE
1 3 Bed/2.5 Bath
1 2 Bed/1 Bath
1 1 Bed/1 Bath
COMPARABLESRENT COMPS
8
29 Navy St
40 Clubhouse Ave
1403 Innes Place
6728 Hillpark Dr
3143 Hollycrest Dr
3389 Bennett Dr # 22
RentComps
3055 Hollycrest Dr
3055-3057 Hollycrest DriveLos Angeles, CA 90068
COMPARABLESRENT COMPS
3143 Hollycrest Drive #2, Los Angeles, CA 90068
6728 Hillpark Drive, Los Angeles, CA 90068
RENT $2,999
UNIT TYPE 2+1
UNIT SIZE 963 SF
RENT $2,225
UNIT TYPE 1 + 1
UNIT SIZE 750 SF
3055-3057 Hollycrest Dr, Los Angeles, CA 90068
RENT $2,895
UNIT TYPE 2 + 1RENT $1,333 - $1,688
UNIT TYPE 1 + 1
3055-3057 Hollycrest DriveLos Angeles, CA 90068
3389 Bennett Drive #22, Los Angeles, CA 90068
RENT $3,395
UNIT TYPE 2 + 2
UNIT SIZE 1,500 SF
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
BRE# 01090251
D: 310-551-0660 Ext. 141
KENNY STEVENS
OFFERING MEMORANDUM