FOR SALE
719 S Hoover St
$1,500,000
LOS ANGELES, CA 90005
Presented by:
Mark Hong
BRE #01067529
Direct (213) 251-9000 X101
Mobile (213)700-6780
markhong@korusre.com
Alison Han
BRE #01439057
Direct (213) 251-9000 X107
Mobile (818) 321-3006
alisonhan@korusre.com
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
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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 St
LOS 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 St
LOS 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 St
LOS 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 St
LOS ANGELES, CA 90005
Mezzanine
Restrooms (2)
Improved Office Area
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 St
LOS 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 St
LOS ANGELES, CA 90005
PARCEL MAP
ZONING MAP
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.
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. Redistribution
without 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 County
Los Angeles, CA
Sale Date: 08/04/2014
Sale Price: $1,900,000 - Confirmed
Price/SF: $290.74
PrFrma Cap Rate: Actual Cap Rate: -
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
Sale Conditions:
RetailAuto Repair
Built 1970 Age: 44
6,535 SF
11,761 SF (0.27 AC)
LAC4
Purchase By Tenant
Parcel No: 5536-009-005
Financing: Down payment of $640,000 (33.7%); $1,260,000 from Seller
Comp ID: 3090894 – Research Status: Confirmed
2
4365 W Pico Blvd
SOLD
Los Angeles County
Los Angeles, CA 90019
Sale Date: 05/12/2014 (668 days on mkt)
Sale Price: $1,500,000 - Confirmed
Price/SF: $255.10
PrFrma Cap Rate: Actual Cap Rate: 6.90%
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
Sale Conditions:
RetailStorefront Retail/Residential
Built 1948 Age: 66
5,880 SF
11,326 SF (0.26 AC)
C4
-
Parcel No: 5082-016-021
Financing: Down payment of $256,700 (17.1%); $1,243,300 from Wells Fargo Bk Na
Comp ID: 3029375 – Research Status: Confirmed
3
1016 N Alvarado St
SOLD
Los Angeles County
Los Angeles, CA 90026
Sale Date: 12/15/2014 (83 days on mkt)
Sale Price: $1,250,000 - Confirmed
Price/SF: $166.67
PrFrma Cap Rate: -
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
RetailFreestanding
Built 1928 Age: 86
7,500 SF
7,405 SF (0.17 AC)
C2
Parcel No: 5404-003-024
Financing: $1,125,000 from Seller
Comp ID: 3187839 – Research Status: Confirmed
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. Redistribution
without 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 County
Los Angeles, CA 90006
Sale Date: 05/14/2014
Sale Price: $1,225,000 - Confirmed
Price/SF: $151.61
PrFrma Cap Rate: Actual Cap Rate: 7.30%
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
Sale Conditions:
RetailStorefront Retail/Residential
Built 1966 Age: 48
8,080 SF
6,098 SF (0.14 AC)
C2
-
Parcel No: 5141-026-007
Financing: Down payment of $1,225,000 (100.0%)
Comp ID: 3034341 – Research Status: Confirmed
5
2229 Venice Blvd - U.s Oriental Motors
Los Angeles County
Los Angeles, CA 90006
Sale Date: 05/05/2014 (88 days on mkt)
Sale Price: $1,120,000 - Full Value
Price/SF: $790.96
PrFrma Cap Rate: -
SOLD
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
RetailFreestanding
Built 1970 Age: 44
1,416 SF
13,939 SF (0.32 AC)
C2-2, Los Angeles
Parcel No: 5074-012-019, 5074-012-020
Financing: Comp ID: 3024549 – Research Status: Full Value
6
4100-4104 Melrose Ave
SOLD
Los Angeles County
Los Angeles, CA 90029
Sale Date: 04/07/2014 (161 days on mkt)
Sale Price: $1,110,000 - Confirmed
Price/SF: $250.00
PrFrma Cap Rate: -
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
RetailAuto Repair
4,440 SF
14,810 SF (0.34 AC)
LAC2
Parcel No: 5539-023-001
Financing: Down payment of $1,110,000 (100.0%)
Comp ID: 3003558 – Research Status: Confirmed
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. Redistribution
without 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 County
Los Angeles, CA 90019
Sale Date: 02/28/2014
Sale Price: $1,050,000 - Full Value
Price/SF: $163.37
PrFrma Cap Rate: -
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
RetailFreestanding
Built 1956 Age: 58
6,427 SF
6,970 SF (0.16 AC)
LAC2
Parcel No: 5072-024-014
Financing: $275,000 from Bay Area Employment Development$500,000 from Wells Fargo Bk Na
Comp ID: 3034130 – Research Status: Full Value
8
3874-3884 S Western Ave
SOLD
Los Angeles County
Los Angeles, CA 90062
Sale Date: 08/18/2014 (21 days on mkt)
Sale Price: $900,000 - Confirmed
Price/SF: $250.14
PrFrma Cap Rate: Actual Cap Rate: 6.16%
Bldg Type:
Year Built/Age:
GLA:
Land Area:
Zoning:
Sale Conditions:
RetailRestaurant
Built 1946 Age: 68
3,598 SF
16,117 SF (0.37 AC)
LAC2
-
Parcel No: 5036-009-012, 5036-009-029
Financing: Down payment of $900,000 (100.0%)
Comp ID: 3101760 – Research Status: Confirmed
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. Redistribution
without our consent is prohibited.
This copyrighted report contains research licensed to KORUS Real Estate - 90887.
2/5/2015
Page 3
3525S W
719
Hoover
8th St St
LOS 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
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.