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5830 Rodeo Road - Charles & Charles, Los Angeles, CA

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5830 Rodeo Road - Charles & Charles

Los Angeles, CA 90016-4406 - Culver City Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1970
Stories:2 Typical Floor:17,900 SF Building Size:36,992 SF
For Sale Price:$14,995,000 Price/SF:$405.36
Cap Rate:-
Parking:60 Surface spaces are available; Ratio of 1.62/1,000 SF Amenities:Bus Line, Signage

Sale Notes:
First Property Realty Corporation (“First Property”) is the exclusive sales and marketing agent for the sale of the fee interest in 5830 Rodeo Road, a 36,992 square foot two-story building that has been utilized since 1991 by the present owner as an antique showroom and warehouse. The business was closed and the property vacated in April 2016. The offering represents a compelling opportunity for an investor and/or future user to acquire a value add creative office conversion in one of the hottest office submarkets in the greater Los Angeles area. Constructed in 1970 the building features two floors containing 19,100 square feet on the ground floor and 17,900 square feet on the second floor with an oversized elevator. Clear floor heights measure 14’. Surrounded by four tall walls, the property’s existing physical attributes make for a natural creative office compound. Technically
in the City of Los Angeles, the property is situated within the Culver City creative office submarket which boasts a current 4.8% vacancy. 5830 Rodeo is located within ¼ mile of the creative offices of WeWork, Maker Studios and Spin Master. Within ½ mile is the 175,000 sf Apple / Beats By Dre campus. 5830 Rodeo is offered on an “As-is”, “Where-is” basis.

The bones of the existing 36,992 square foot building are well suited for re-development as a creative office compound. Creative attributes include concrete tilt up exterior, original building contained window openings facing Jefferson, potential for large open floor plan, classic oversize freight elevator with exposed gates, 14’ clear ceiling heights on the ground and second floors (16’ floor to floor), concrete floor on the first level, wood ceilings on the ground floor, structural steel columns and beams, three existing stair systems, walled perimeter with metal gate, 33 tons of existing HVAC, main electrical panel is 1,200 amp, 3 phase, 120/480V, and seismic retrofit completed in 2000 (not actually verified; only through construction drawings). It is unknown if the rooftop can support a small deck area. Existing
restrooms are located on the first and second floor(s), but require work to comply with code under a creative office retrofit. The building is sprinklered on both levels. Prominent signage opportunities exist on the Building.

First Property Realty Corporation
Micheal S Geller
(310) 789-1900 x230

Josh Bernstein
(310) 789-1900 x274

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