GLASSELL COMMONS - LoopNet...3716-3719 Eagle Rock Blvd / 3729 Verdugo Rd, Glassell Park/Los Angeles, CA 90065 CORY STEHR. Principal 818.933.0304. [email protected] BRE Lic # 01851029

3716-3719 Eagle Rock Blvd / 3729 Verdugo Rd, Glassell Park/Los Angeles, CA 90065

CORY [email protected] Lic # 01851029

CORP ID #01191898

SCOTT ROMICKManaging [email protected] Lic # 01323527

A MIXED-USE DEVELOPMENT OPPORTUNITYAT THE EPICENTER OF NELA

GLASSELL COMMONS

A Mixed-Use Development Opportunity at the Epicenter of NELA3716-3719 Eagle Rock Blvd / 3729 Verdugo Rd, Glassell Park/Los Angeles, CA 90065

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EXECUTIVE SUMMARY ........................................................................................... 5

PROPERTY DESCRIPTION ...................................................................................... 7

INSPIRATION .......................................................................................................... 15

LOCATION OVERVIEW .......................................................................................... 23

MARKET OVERVIEW ............................................................................................ 35

TABLE OF CONTENTS

Lee & Associates® - LA North/Ventura • 15250 Ventura Blvd, #100, Sherman Oaks, CA 91403 • 818.986.9800 • Corp ID #01191898

3No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

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DISCLAIMER

INFORMATIONAL BROCHURE

The material contained herein is confidential and is presented strictly as information for the exclusive use of the prospective purchaser. Acceptance of this brochure by the prospective purchaser constitutes an agreement not to divulge, share or distribute the information to any other party, except legal counsel and financial advisors, without the specific written authorization of the Seller or Lee & Associates.

The materials herein have been obtained from sources believed to be reliable. Nevertheless, the Seller nor Lee & Associates make no warranties or representations, expressed or implied, concerning the accuracy or completeness of this information. This document is submitted subject to errors, omissions, changes in price; rental, market or otherwise and withdrawal without notice.

No broker or agent, other than Lee & Associates Seller’s exclusive representative, is authorized to present this investment opportunity.

Interested buyers should be aware that the owner (the “Seller”) of the property known as 3716-3719 Eagle Rock Boulevard and 3729 Verdugo Road, Glassell Park/Los Angeles, CA 90065 (“Property”) is selling the property in “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE, EXCEPT WARRANTY OF TITLE. Prior to and/or after contracting to purchase as appropriate, Buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of Buyer’s choosing.

Buyer shall not be entitled to, and should not, rely on the Seller, or its agents as the (i) the quality, nature, adequacy and physical condition of the Property including, but not limited to the structural element, foundation, roof, appurtenances, access, landscaping, parking facilities and the electrical, HVAC, plumbing, sewage, and utility systems, facilities and appliances. (ii) the quality, nature adequacy and physical condition of soils and geology and the existence of ground water, (iii) the existence, quality, nature adequacy and physical condition of utilities serving the Property, (iv) the development potential of the Property, its habitability, merchantability, or fitness, suitability or adequacy of the Property for any particular purpose, (v) the zoning or the

legal status of the Property, (vi) the Property’s or its operations’ compliance with applicable codes, laws, regulations, statutes, ordinances, covenants, conditions and restrictions of any governmental, quasi-governmental entity or any other person or entity, (vi) the quality of any labor and materials, (viii) the compliance of Property with any environmental protection, pollution or land use laws, rules regulations, orders or requirements including but not limited to those pertaining to the handling, generating, storing or disposing of any hazardous materials, and (ix) except as expressly provided otherwise in an executed contract of sale, the condition of title and the nature, status and extent of any right-of-way, lease, right of redemption, possession, lien, encumbrance, license, reservation, covenant, condition restriction and any other matter affecting the title. Although Seller’s predecessors may have performed work, or contracted for work performed by third parties in connection with the Property, the Seller, and its agents shall not be responsible to Buyer or any successor on account of any errors or omissions or construction defects of such predecessors and/or third parties.

The Seller reserves the right to withdraw the property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent, (ii) incorporated in a formal written contract of purchase and sale to be prepared by or on behalf of the Seller and executed by both parties; and (iii) approved by Seller, and such other parties who may have an interest in the Property. Neither the prospective Buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and constitute the sole agreement of the parties.

The Seller shall not be responsible for the payment of any commission, finder’s fee or other form of compensation to Buyer’s broker unless agreed to in a separate commission agreement between all parties.

SELLER AND ITS AGENTS MAKE NO REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION.

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EXECUTIVE SUMMARY



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EXECUTIVE SUMMARY

Executive Summary

Lee & Associates is pleased to exclusively market the rare opportunity to acquire a value-add, mixed-use project within one of the most dynamic and rapidly gentrifying submarkets in Los Angeles. Located at the signalized intersection of Verdugo Road & Eagle Rock Boulevard, the subject property is highly identifiable with frontage on both streets and immediate visibility from the Verdugo exit at the 2 Freeway. The properties will be delivered mostly vacant allowing an investor the flexibility to make design changes consistent with the changing demographics of the area and the capability to offer built-to-suit spaces for targeted tenant profiles.

With a burgeoning base of foodies and creative types, NELA, is the epicenter of many innovative culinary establishments, trendy apparel and home retailers, indie musicians and artists.

Media Center Drive, just a few minutes away, houses a number of large post-production and related media companies, generating a need for co-working and small office space for the independent contractors who work with these types of companies.

Offering Highlights

• Potential for creative retail/office/co-working space with community-styled eateries

• Surface parking lots which can accommodate valet parking

• Unique triangular site plan that optimizes visibility

• A true value-add opportunity in a ‘blank canvas’ setting

• Surrounded by a growing residential community underserved with retail and restaurant amenities.

• Direct view from the on/off ramp for the Glendale (2) Freeway

Property Description

The offering contains three (3) commercial structures totaling ±17,835 square feet sitting atop +/- 21,118 square feet of land. The buildings offer a unique blend of design elements such as: bow & truss industrial, charming brick store front façade, Art Deco rear, and cinderblock automotive property. Current ownership has been careful in preserving the original characteristics and charm which can be further enhanced during the repositioning process.

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PROPERTY DESCRIPTION



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Welcome to the Glassell Commons and a new exciting opportunity to be part of the emerging market of NELA (Northeast Los Angeles) & Glassell Park, which has high demand but few development prospects such as this.

3716-3719 Eagle Rock Boulevard and 3729 Verdugo Road is at the gateway to Glassell Park with direct access and identity from the Glendale (2) Freeway.

A burgeoning neighborhood with an influx of new residents, there are several hundred apartments, condominiums and small lot homes built or being built in the area. Commercial development has not kept pace, and Glassell Park is a neighborhood in need of retail and service businesses and amenities.

As development inevitably continues to expand into Glassell Park, it will not only result in even more demographic shifts in the community, it will also drive increases in real estate values and lease rates for property owners.

The below chart shows the increase in rent in similar areas starting from before they were revitalized.

Welcome to the Glassell Commons and a new exciting opportunity to be part of the emerging market of NELA (Northeast Los Angeles) & Glassell Park which has high demand, but few development prospects such as this.

3716‐3719 Eagle Rock Boulevard and 3729 Verdugo Road is at the gateway to Glassell Park with direct access and identity from the Glendale Freeway (2).

A burgeoning neighborhood with an influx of new residents with several hundred apartments, condominiums and small lot homes built or being built in the area. A neighborhood in need of retail and service businesses and amenities.

Like other communities that have changed and grown over the past 5+ years, Glassell Park and the surrounding area has seen a grassroots growth in retail amenities. However, as mentioned there haven’t been enough locations…….until now.


RETAIL Asking Rent PSF 2nd Qtr 2013 2nd Qtr 2014 2nd Qtr 2016 2nd Qtr 2018 Atwater Village (Glendale Blvd) $1.95 $2.34 $2.29 $3.25 Eagle Rock $2.12 $2.64 $2.82 $3.13 Highland Park (York Blvd & Fig) $1.70 $2.01 $2.51 $2.88 Silver Lake $2.50 $3.73 $3.80 $5.06

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$1.50$2.00$2.50$3.00$3.50$4.00$4.50$5.00$5.50

2nd Qtr 2013 2nd Qtr 2014 2nd Qtr 2016 2nd Qtr 2018

Atwater Village (Glendale Blvd) Eagle Rock Highland Park (York Blvd & Fig) Silver Lake







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$1.50$2.00$2.50$3.00$3.50$4.00$4.50$5.00$5.50









Pic place holder

$1.50$2.00$2.50$3.00$3.50$4.00$4.50$5.00$5.50




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Emerging Market Dynamics

Emerging market dynamics in Northeast Los Angeles and throughout many parts of L.A. reveal unwavering investor interest in this market. Buyers are many and varied, including global investment firms, private equity companies and industrial conglomerates.

Despite the skyrocketing real estate prices, Los Angeles continues to be viewed as under-valued when compared with San Francisco and New York City. Its coastal location and significant barriers to entry are driving much of the investor confidence, as is the city’s growing demographic profile fueled by the media and tech industries and record low vacancy rates for nearly all product sectors.

Why are values at an all-time high?

• Demand from out-of-state and International investors that view Los Angeles as a bargain in comparison to San Francisco, New York, and Chicago.

• Lack of new retail development and supply. Many properties are being removed from supply and being redeveloped as multifamily projects.

• Record low vacancy in all product types

• Low Interest rates and volatility in the equity markets creates a flight to safety in “hard” assets.

• Many industries such as film, television, and tech that offer high-paying jobs are expanding throughout LA County.

Investors and Developers Active in the Market

• Engine Real Estate, Los Angeles, CA: Engine Real Estate, an investment firm that specializes in the Northeast Los Angeles area, acquired and repositioned The Fig Collection @ Highland Park and has listed the property for sale. Engine purchased the 43,000 SF, mixed-use property three years ago as a value-add investment and has increased rents to market levels.

• Warmington Residential, Costa Mesa, CA: Warmington has built over 40,000 homes in core markets throughout California and in Nevada. The company recently completed NELA Union and The E.R.B., for sale communities on Eagle Rock Boulevard.

• LA Urban Home, Marina del Rey, CA: LA Urban Homes has been constructing luxury developments for over six decades and has built over 6,000 residential units. The company is currently developing RiverPark, a community of 95 contemporary homes near Taylor Yard State Park.

• Encore Capital Management, Los Angeles, CA: Encore, with assets under management totaling $2 billion, is developing over 20,000 rentals, for sale homes and residential lots valued at $4 billion. The company is set to begin construction of 38 townhomes on Eagle Rock Boulevard.

• Pan Am Equities, New York: A developer and property manager, Pan Am Equities is proposing the development of a 419-unit rental community along the Los Angeles River.




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Sale Price: $5,800,000

Address: 3716-3719 Eagle Rock Boulevard 3729 Verdugo Road Glassell Park/Los Angeles, CA 90065

APN’s: 5457-029-027 5457-029-025

Product Type: Two (2) Commercial Buildings One (1) Commercial Building

Building SF: Eagle Rock Blvd ±15,250 Verdugo Rd ±2,585

Parcel Size: ±21,118 SF Total Eagle Rock Blvd ±13,024 SF Verdugo Rd ±8,094 SF

Zoning: LAC2 / (Q) C2-1VL-CDO ZI-2129 East Los Angeles State Enterprise Zone

Parking Spaces: 13 Spaces

Frontage: ±200 feet on Eagle Rock Blvd ±231 feet on Verdugo Rd

Number of Floors: 3716-3719 Eagle Roc Blvd - 2 Story

3729 Verdugo Rd - 1 Story

Year Built: 1956 1959

Floor-Area-Ratio (FAR): 1.5:1

Access: Pedestrian & vehicle access from both Eagle Rock Blvd and Verdugo Rd

Freeway Access: Directly across from the on/off ramp for the Glendale Freeway (2) northbound & .7 miles from southbound

Block Location/Shape: The lot is irregular in shape. The property is bounded by a 15 foot alley to the southwest, Verdugo Road to the southeast and Eagle Rock Boulevard to the northwest


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PROPERTY DESCRIPTION Exterior Photos

� ±431 Foot Wrap-Around Frontage

� Multiple Locations for Tenant Identity



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PROPERTY DESCRIPTION Interior Photos

� Bow Truss Ceilings

� Natural Light

� Windows on All Sides

� Blank Canvas


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PROPERTY DESCRIPTION Parcel Map



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PROPERTY DESCRIPTION Alta Survey Map

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DEVELOPMENT INSPIRATION



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Dining. Retail. It’s all changing. Food halls. Shops that sell an experience. Merch with a message: charity, consciousness, creativity. Many of these ideas already exist in NELA in grass roots forms. Toros Pottery offers lessons. Cena Sin Pistolas is a performance space that hosts vegan dinners. These are emerging trends in metropolitan areas across the country and the Subject Property presents an ideal medium for these messages.

INSCAPE MEDITATION STUDIO NYC

Call it a mental fitness studio. Monetized meditation classes and its own gift shop.

CANAL STREET MARKET NYC

The Food Hall of Retail. Merchants exhibit their wares in their own distinct space.


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BOTTLING DEPARTMENT AT THE PEARL, SAN ANTONIO

From Ramen to Rotisserie, food halls combine personal choice with community dining.

STORY NYC

A retail concept with the point of view of a magazine and changing exhibits like a gallery that sells things like a store.

Dining. Retail. It’s all changing.

Food halls. Shops that sell an experience.

Merch with a message: charity, consciousness, creativity...



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GLOSSIER LOS ANGELES

Beauty blog turned brick and mortar, Glossier even has a selfie canyon.

B8ta Seattle

Designed for discovering, trying and buying the latest tech products.





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LINCOLN SOUTH FOOD HALL BELLEVUE, WA

It’s all about choices.

PACKAGE FREE STORE, NYC

Products sourced with a zero waste mission.







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COURTYARD

COURTYARD INSPIRATION


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“A” - EVENT SPACE

Roll-up door inspiration

“AA”

“AA” Inspiration

1400 s.f.



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“D”

D Inspiration

2800 s.f. total

“B” - UPPER

“C” - UPPER

2800 s.f.

4000 s.f. including main floor art deco entry from Verdugo Road

UPPER

UPPER

UPPER

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LOCATION OVERVIEW



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Once upon a time the Westside was the ‘it’ place to be in Los Angeles, but sky-high housing prices, traffic and L.A.’s own brand of manifest destiny-- the search for the next new thing -- has fueled an eastward migration to a region of about a half-dozen communities in Northwest Los Angeles.

NELA, as it’s known to locals, includes Atwater Village, Highland Park, Eagle Rock, Cypress Park, Frogtown and Glassell Park, situated in the crook formed above the intersection of the Golden State (5) Freeway to the west and the Harbor (110) Freeway to the east.

“Hipsters are moving across Los Angeles from West to East, and along with it brings a new wave of residents, new local businesses, and tremendously increasing home values,” local residential real estate agent Tyler Harman recently blogged. “Despite what most people say, it’s much more than just ‘gentrification’: it’s a brand-new way of looking at the entire city of Los Angeles.”

The movement began with Silver Lake and Echo Park and soon spread to Atwater Village, Eagle Rock and Highland Park.

NELA is now rife with art galleries, night life and restaurants:

• Keystone Art Space featuring over 50 artists studios and exhibition space.

• NELAart: The Northeast Los Angeles Arts Organization, Inc is a collection of numerous independent art galleries, mostly located in Highland Park. Hosts a Second Saturday Gallery night.

• Café NELA: Live musical performances including Punk, Hard Rock, Jazz, Blues, Heavy Metal and Ethnic music in Cypress Park, a block from the Glassell Park border.

• Pat & Lorraine’s, The Oinkster, Colorado Wine Co., Eagle Rock Italian Bakery and many more.

LOCATION OVERVIEW Northeast Los Angeles NELA


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By most accounts, communities like Eagle Rock and Highland Park have arrived, and those searching for the next big thing have set their sights on Glassell Park and its neighbors.

This year, tripsavvy.com named Glassell Park the Number 2 ‘Up and Coming Neighborhood’ in Los Angeles. Others, like LA Loft Blog say it has already arrived, at least based upon home prices, which rocketed 25.3 percent in 2016 versus the prior year.

The reality is that while Glassell Park has outpaced all of the rest of Los Angeles in terms of home price increases, a similar transformation has yet to occur on the commercial side, and the community has not yet seen the number and types of amenities now common in neighboring Eagle Rock and Highland Park.

Demographics suggest an influx of new businesses is all but assured. The population of Glassell Park has nearly doubled from 24,816 in 2008 to an estimated 46,000 today. Median household income has increased to $59,076 from $50,098 over the same period, and 30 percent of the population has a college degree, up from 19.7 percent in 2008.

Glassell Park: An Emerging Marketplace

Many of the area’s amenities were established before home prices began to skyrocket in Glassell Park. That’s why, besides the Fresh & Easy Market, most of the markets are ethnic: El Ranchito, Fiesta Market, La Esquina Meat Market and others. There are just a few small shopping centers such as Verdugo Plaza and Coreano Mission Premier Plaza. And the majority of restaurants are of the fast food variety, with a few newer exceptions: Habitat Coffee House and Division 3, a casual lunch spot with an outdoor patio, and Lemon Poppy Kitchen.

Nor has Glassell Park established the kind of lively nightlife found just a few miles away in Eagle Rock, Frogtown and Highland Park. The community’s Verdugo Bar is the exception, combining a large selection of craft beers with a DJ, an outdoor patio and game nights such as

“Trivia Tuesday with Geeks Who Drink”. Eagle Rock Brewery is also located here, and it’s interesting to note that, rather than their own food menus, both the tap room and Verdugo offer a variety of rotating food trucks parked outside. What better barometer to indicate that there is an emerging market ready for restaurant offerings?

Perhaps the most idiosyncratic establishment in the neighborhood is Cena Sin Pistolas (Dinner, Not Guns), an art space on Fletcher Drive that hosts a weekly vegan dinner.

Neighbors in Glassell Park believe that the Los Angeles River restoration project will expedite the transformation of the neighborhood. The city has acquired a 41-acre riverside parcel next to Rio de Los Angeles State Park that borders Cypress Park and Glassell Park. Parcel G2 as its known that is being called the “crown jewel” of river properties.

But for the most part, locals are content with the numerous parks and open spaces along with the Glassell Park Recreation Center, offering music, dance, tennis and soccer classes for children and adults.

LOCATION OVERVIEW Northeast Los Angeles NELA



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LOCATION OVERVIEW Aerial View


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LOCATION OVERVIEW Aerial View



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LOCATION OVERVIEW Locator Map


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LOCATION OVERVIEW Driving Distance Map



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LOCATION OVERVIEW Neighboring Businesses

Los Feliz Charter Schoolfor the Arts

Point 360 Digital Film Labs

Super King Market

Radiant Images

Sony Pro Imaging

Redfi nThinkwell Group

Wagville

Saf Keep Storage

Denny’s

McDonald’s

Burger KingWaba GrillSubway

Yoshinoya

Eagle Rock Brewery

Forest Lawn Memorial Park

Ribet Academy

ABC Rehearsal Studio

Out of the Closet

Patra’s CharbroiledBurgers

VR Playhouse

LA California Tortilleria

VT Pro Design

Intelligentsia Coffee

Gianneti Factory

Lemon Poppy KitchenVerdugo Mexican Restaurant

Verdugo Bar

Kingsize Soundlabs

Gorditas Lupita

Tacos La EstrellaLAPDCorner Cuisine

Innovative Leisure

Glassell Park RecreationCenter Complex

Glassell Senior Citizen Center

XIX Studios

Habitat Coffee

US Post Offi ce

Chevron

Papa John’s Subway • Matsuri Bowl

Live Arts Los Angeles

Rite AidO’Reilly Auto Parts

Urban PetTarget • CVS

Occidental College

Division 3

Arco

CVS

Starbucks

SUBJECT3716 Eagle Rock Blvd.

Los Angeles, CA

MEDIA/ENTERTAINMENT RETAIL RESTAURANT/EATERY OTHER

N SAN FERNANDO RD

GLENDALE FWY (2)

EAGL

E RO

CK B

LVD

N

YORK BLVD


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LOCATION OVERVIEW Amenities Aerial



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LOCATION OVERVIEW Transit Map

Alhambra

Pasadena

Arcadia

Monterey Park

Montebello

San Marino

El Monte

Commerce

Maywood

VernonJefferson

Ladera Heights

Beverly Hills

Hollywood

Glendale

Burbank

ShermanOaks

NorthHollywood

VanNuys

DTLA

EagleRock

Altadena

3716 EAGLE ROCK BLVD.

LOS ANGELES

METRO CENTER

GLENDALETRANSPORTATION

CENTER

UNION STATION

StudioCity

UniversalCity

WestHollywood

Inglewood

CulverCity

Central LA

HuntingtonPark

Bell

PicoRivera

Highland Park

South Pasadena

SouthEl Monte

La Canada Flintridge


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LOCATION OVERVIEW Development Underway

3901 Eagle Rock Blvd

NELA Union, a collection of 52 modern homes priced from $475,000 to the high $600,000s sold out quickly.


Perch Apartments, 52 rental units, will soon be completed.


Yup. Glassell Park now has a Target store.

4260 N Eagle Rock Blvd

Teague Terrace recently opened with 56 affordable rental units.


Encore Capital is expected to begin construction shortly for 38 townhomes and other mixed use buildings.

2750 Casitas Ave

Pan Am Equities is proposing a 419-unit, mixed-use project called Bow Tie Yard Lofts along the Los Angeles River.


Warmington’s The E.R.B. with 45 for sale units in the $800,000 range, has just opened for sale.


A sale is pending on this land parcel that would accommodate 17 small homes or a 25-unit apartment complex.



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LOCATION OVERVIEW Developments Aerial

4344 EAGLE ROCK BLVD.NEIA • 52 Units

118 SOUTH AVENUE 50FIG & FIFTY29 Townhomes

4260 N. EAGLE ROCK BLVD.Teague Terrace56 Apartments

4037 EAGLE ROCK BLVD.Proposed Development25 Apartments

2750 CASITAS AVENUEBow Tied YardProposed Development419 Apartments

TAYLOR YARD G2RIVER PARK $60 Million • 42 AcreLA River Revitalization Project

4515 EAGLE ROCK BLVD.New Development38 Townhomes

3901 EAGLE ROCK BLVD.Nela Union52 Townhomes

3815 W. AVENUE 43 Proposed Development28 Apartments

4247 EAGLE ROCK BLVD.The Perch49 Apartments

4320 N. EAGLE ROCK BLVD.The ERB45 Townhomes

SUBJECT3716 Eagle Rock Blvd.

Los Angeles, CA

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MARKET OVERVIEW



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MARKET OVERVIEW A Work In Progress

NELAA Work In Progress

Avenue 50 Studio

Cactus Gallery

Keystone Art Space

Toros Pottery

Scout Regalia

ARTISTS IN RESIDENCE

LOCATION

� 20 Minutes to Downtown LA

� 10 Minutes to Griffith Park

� Metro bus to Downtown, Eagle Rock, atwater Village, Highland Park and more

� Metro Gold Line to Downtown, South Pasadena and more

#2Up & Coming Neighborhood in LA

tripsavvy.com

Increase in home prices

25.3%


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MARKET OVERVIEW Demographics

NELADemographics

POPULATION

POPULATION (3-mile radius of subject property)

297,797DAYTIME POPULATION

105,491

HOUSEHOLD INCOME

� $59,517 (1 mile)

� $54,806 (2 miles)

� $57,223 (3 miles)

MEDIAN AGE

38.6

TRAFFIC COUNTS (per day/2016)

NORTHBOUND

40,444SOUTHBOUND

22,727

EDUCATION

58.3%of residents havesome college or more

POPULATION GROWTH (2010-2018)

2.64%



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MARKET OVERVIEW Some of the Project Area Neighbors

NeighborsNeighbors Neighbors

#thirsty

Glassell Park is still waiting for a lively bar scene, but the surrounding area offers a variety of quirky spots, usually including craft beers or signature cocktail drinks.

Block Party5052 York BlvdBeer garden and the great outdoors

Colorado Wine Co.2305 Colorado BlvdNapaesque wine bar and tasting room

Eagle Rock Brewery3056 Roswell St.Family owned microbrewery and tap room

Room 312136 Colorado BlvdCraft cocktails anyone?

Verdugo Bar3408 Verdugo RdCraft beer and dj’s

Walt’s Bar4680 Eagle Rock Blvd Beer, wine and pinball

#entertainment

Highland Theatre5604 N. Figueroa St.

#shops

Baum-Kuchen3423 Verdugo RoadBauhaus meets wabi-sabi

The Glass Studio5668 York BlvdGallery, store and classes

Bauer Potter Company3051 Rosslyn St.Founded in 1878; re-imagined in 1929; shuttered in 1962; reborn in 1998

The Plus Bus2701 W Avenue 34Buy, swap, sell for the curvaceous

Pop-Hop Bookstore5002 York BlvdCurated new and used books with live record release, book launch and poetry reading events

Permanent Records5116 York BlvdCurated vinyl and live performances

Swrve3421 Verdugo RoadDesigned for the urban bicycling enthusiast

#restaurants

Dining in NELA? Expect the unexpected. Vietnamese pho and American pie; tacos made of duck; Polish pierogis and Romanian pastries. Definitely not a neighborhood for chains, NELA offers a unique spin on casual dining.

CaCao Mexicatessen1441, 1576 Colorado BlTacos reinvented with duck confit

D33329 Division St.Grab and go breakfast and lunch

Eagle Rock Italian Bakery1726 Colorado Blvd.Cannoli’s made here.

Good Girl Dinette110 N Avenue 56Vietnamese pho; American pie

Habitat Coffee3708 N Eagle Rock BlvdVegan, gluten free, paleo or organic

Kitchen Mouse5904 N Figueroa StGourmet vegetarian

Lemon Poppy Kitchen3324 Verdugo RoadRomanian breakfast and lunch

Pat & Lorraine’s4720 Eagle Rock BlvdAs seen in Reservoir Dogs

Polka Polish Restaurant4112 Verdugo RdPierogis as seen in Diners, Drive-ins & Dives

Red Herring1661 Colorado BlvdComfort food with a view of the sunset

Neighbors

#music

Café Nela 1906 Cypress Ave.From punk to psychedelic

Highland Park Bowl5621 N Figueroa St.Eat, drink, bowl and groove

ETA 5630 N Figueroa St.Specialty cocktails and live music

The Hi Hat 5043 York BlvdRock ‘n Roll

Zebulon 2478 Fletcher DriveHipster bands and djs

Lodge Room 104 N Avenue 56Live music and djs

First opened in 1925, the Highland Theatre is now a Los Angeles Historic-Cultural Monument. Designed by Louis Arthur Smith, the theatre has just three screens. While its amenities can’t compare with newer movie theaters, it’s steeply discounted pricing - for both matinees and evening shows--puts the theatre well ahead of competitors.


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MARKET OVERVIEW Lifestyle

NELAThe Lifestyle

Sonny’s HidewayJust what Philip Marlowe

might have ordered

Pat & Lorraine’sIf this diner looks familiar, it’s probably because you saw it in Reservoir Dogs

Little BeastDefinitely date night

MindfulNestArtisans for the home

Kinship YogaYoga, beats and more

The OinksterWhat else would you calla comfort food eatery?

Leader of the PackVintage Vroom

Cafe de LecheIndie small batch roasters

Take that Starbucks!

CaCao Mexicatessen...Mexican for foodies...Think duck carnitas and fig molé

Lee & Associates®-LA North/Ventura, Inc. • Corporate ID # 01191898 • A Member of the Lee & Associates Group of Companies15250 Ventura Boulevard, Suite 100, Sherman Oaks, California 91403

For additional information and to schedule a tour of the property, please contact:

Scott Romick Managing Director 818.933.0305 [email protected] License # 01323527

Cory Stehr Principal 818.933.0304 [email protected] License #01851029

Lee & Associates®-LA North/Ventura, Inc. • Corporate ID # 01191898 • A Member of the Lee & Associates Group of Companies15250 Ventura Boulevard, Suite 100, Sherman Oaks, California 91403

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

For additional information and to schedule a tour of the property, please contact:

Documents

GLASSELL COMMONS - LoopNet...3716-3719 Eagle Rock Blvd / 3729 Verdugo Rd, Glassell Park/Los Angeles, CA 90065 CORY STEHR. Principal 818.933.0304. [email protected] BRE Lic # 01851029