5,880 SF freestanding, single-story office (“Institute”) building on an approximately 0.59-acre corner lot. The subject has 43 exclusive parking spots (7.3:1,000) plus street parking. The Property is comprised of two lots. The zoning designation for the “corner building lot” is O-P (“office professional”). The zoning designation for the adjacent “parking lot” is R-2P (“2-family residential preservation”). The City Planning Department indicated that the parking lot is legal non-conforming to support the office building. Note that the roof has reached the end of its useful life and should be replaced. The property will be delivered vacant at Close of Escrow.