309 S Hamel Rd & 8700 W 3rd St | Los Angeles, CA 90048

SALE PRICE: $11,950,000

LOT/SF: 13,021          PRICE/SF: $1,165            CAP RATE: 5.02%

TRANSACTION HIGHLIGHTS

• Rare Covered Land Play Opportunity with an in-Place Cap of 5% and Potential to Build Mix Used Site consisting of 50 Rental Units & High Street Retail with 130 SF of frontage on West Third Street

• AAA+ Prime Beverly Grove Location Adjacent to Beverly Hills & West Hollywood Norma Triangle — One of the Trendiest Neighborhoods in Los Angeles 92 Walk Score “Walkers Paradise” — in Close Proximity to an array of Fine Dining, Shopping, Entertainment & Night Life Options

• Property sold over List Price for a 2023 Record High for 90048 Zipcode $1,165 Per SF

• 4 Years Left on AOC Lease with No Options — Currently Paying $7.43/SF

• Prestigious Double Lot consisting of 13,000 SF

• Zoned LA-C2 & LAR3 Eligible for Tier 2 of TOC

• All Units in Hamel Rd are remodeled with Hardwood Floors, Stainless Steel Appliances, Granite Counter tops & in Unit Washer Dryer — Rents only 15% Below Market