Legal Update Bulletin

Elliot Schwartz is based out of the Marcus and Millichap West Los Angeles Office
When it comes to Westside specialization, Elliot Schwartz is a proven professional with extensive knowledge of the unique market place. He's the founder of Leo Commercial, a team based out of the Marcus and Millichap's West Los Angeles office. Elliot was born on the Westside of Los Angeles and has seen the incredible change of the real estate market. Schwartz debuted at Marcus & Millichap, routinely showing clients his commitment to being the best source of information in his unique marketplace. Elliot closed four deals in his first seven months as an agent. This earned him the distinguished Pacesetter Award which is given to outstanding new agents that meet a certain threshold. He is the only one of his graduating class at Marcus & Millichap to have earned this prestigious award. Leo Commercial is led with integrity and ambition, the team's knowledge of the marketplace makes fulfilling his clients’ goals a rewarding experience led with one fundamental rule – client first.

Featured Listings
In Escrow
-
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792
Square Foot Building
$160,000
Annually From Billboard& Barricade
Highlights
-
Rare Opportunity to Acquire Prime West Los Angeles Real Estate
-
Traffic Count of +/- 53,500 Daily
-
$160,000 Income From Billboards and Barricade
12,891
Square Foot Lot
Santa Monica Blvd
Barrington Ave
$7,500,000
Santa Monica / Barrington
We are proud to present Santa Monica & Barrington; a rare opportunity to acquire a vacant lot in the heart of the highly desirable Sawtelle neighborhood of West Los Angeles. The property is located on the corner of Santa Monica Boulevard and Barrington Avenue. The property is comprised of a 12,891 square foot lot zoned LAC2-1VL providing an investor flexibility in use. The property is currently vacant. It's grossing $160,000 annually from the Outfront and Lamar billboards and barricades. There are several extensive developments in a two block radius that are changing the landscape of West Los Angeles, creating an even more livable area as well as a destination for culture and entertainment. These developments are steps away from Santa Monica / Barrington. CIM's 11800 Santa Monica Blvd, which is nearing completion boasts 147 apartment units at 42,000 square feet of commercial space including a Target and Healthy Spot. Across the street from Santa Monica / Barrington is the highly anticipated mixed-use project that's currently slated for 166 apartments and a 55,000 square foot Whole Foods. Two other developments that are similar in size to Santa Monica / Barrington have been granted thirty-five percent density bonuses. The estimate is that a developer could possibly build twenty-seven units.
The marketing brochure is available for download below.
DOWNLOAD MARKETING BROCHURE HERE
Featured Listings
In Escrow
-
fasdf

792
Square Foot Building
$160,000
Annually From Billboard& Barricade
Highlights
-
Rare Opportunity to Acquire Prime West Los Angeles Real Estate
-
Traffic Count of +/- 53,500 Daily
-
$160,000 Income From Billboards and Barricade
12,891
Square Foot Lot
Santa Monica Blvd
Barrington Ave
$7,500,000
Santa Monica / Barrington
We are proud to present Santa Monica & Barrington; a rare opportunity to acquire a vacant lot in the heart of the highly desirable Sawtelle neighborhood of West Los Angeles. The property is located on the corner of Santa Monica Boulevard and Barrington Avenue. The property is comprised of a 12,891 square foot lot zoned LAC2-1VL providing an investor flexibility in use. The property is currently vacant. It's grossing $160,000 annually from the Outfront and Lamar billboards and barricades. There are several extensive developments in a two block radius that are changing the landscape of West Los Angeles, creating an even more livable area as well as a destination for culture and entertainment. These developments are steps away from Santa Monica / Barrington. CIM's 11800 Santa Monica Blvd, which is nearing completion boasts 147 apartment units at 42,000 square feet of commercial space including a Target and Healthy Spot. Across the street from Santa Monica / Barrington is the highly anticipated mixed-use project that's currently slated for 166 apartments and a 55,000 square foot Whole Foods. Two other developments that are similar in size to Santa Monica / Barrington have been granted thirty-five percent density bonuses. The estimate is that a developer could possibly build twenty-seven units.
The marketing brochure is available for download below.
DOWNLOAD MARKETING BROCHURE HERE
Featured Listings
In Escrow
-
fasdf

792
Square Foot Building
$160,000
Annually From Billboard& Barricade
Highlights
-
Rare Opportunity to Acquire Prime West Los Angeles Real Estate
-
Traffic Count of +/- 53,500 Daily
-
$160,000 Income From Billboards and Barricade
12,891
Square Foot Lot
Santa Monica Blvd
Barrington Ave
$7,500,000
Santa Monica / Barrington
We are proud to present Santa Monica & Barrington; a rare opportunity to acquire a vacant lot in the heart of the highly desirable Sawtelle neighborhood of West Los Angeles. The property is located on the corner of Santa Monica Boulevard and Barrington Avenue. The property is comprised of a 12,891 square foot lot zoned LAC2-1VL providing an investor flexibility in use. The property is currently vacant. It's grossing $160,000 annually from the Outfront and Lamar billboards and barricades. There are several extensive developments in a two block radius that are changing the landscape of West Los Angeles, creating an even more livable area as well as a destination for culture and entertainment. These developments are steps away from Santa Monica / Barrington. CIM's 11800 Santa Monica Blvd, which is nearing completion boasts 147 apartment units at 42,000 square feet of commercial space including a Target and Healthy Spot. Across the street from Santa Monica / Barrington is the highly anticipated mixed-use project that's currently slated for 166 apartments and a 55,000 square foot Whole Foods. Two other developments that are similar in size to Santa Monica / Barrington have been granted thirty-five percent density bonuses. The estimate is that a developer could possibly build twenty-seven units.
The marketing brochure is available for download below.
DOWNLOAD MARKETING BROCHURE HERE
Featured and Former Listings
3101 Washington Boulevard 90292 (Marina del Rey)
11700 W. Santa Monica Boulevard 90025
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792
Square Foot Building
$160,000
Annually From Billboard& Barricade
Highlights
-
Rare Opportunity to Acquire Prime West Los Angeles Real Estate
-
Traffic Count of +/- 53,500 Daily
-
$160,000 Income From Billboards and Barricade
12,891
Square Foot Lot
Santa Monica Blvd
Barrington Ave
$7,500,000
Santa Monica / Barrington
SOLD
We are proud to present Santa Monica & Barrington; a rare opportunity to acquire a vacant lot in the heart of the highly desirable Sawtelle neighborhood of West Los Angeles. The property is located on the corner of Santa Monica Boulevard and Barrington Avenue. The property is comprised of a 12,891 square foot lot zoned LAC2-1VL providing an investor flexibility in use. The property is currently vacant. It's grossing $160,000 annually from the Outfront and Lamar billboards and barricades. There are several extensive developments in a two block radius that are changing the landscape of West Los Angeles, creating an even more livable area as well as a destination for culture and entertainment. These developments are steps away from Santa Monica / Barrington. CIM's 11800 Santa Monica Blvd, which is nearing completion boasts 147 apartment units at 42,000 square feet of commercial space including a Target and Healthy Spot. Across the street from Santa Monica / Barrington is the highly anticipated mixed-use project that's currently slated for 166 apartments and a 55,000 square foot Whole Foods. Two other developments that are similar in size to Santa Monica / Barrington have been granted thirty-five percent density bonuses. The estimate is that a developer could possibly build twenty-seven units.
The marketing brochure is available for download below.
DOWNLOAD MARKETING BROCHURE HERE

3,268
Square Foot Lot
Washington Blvd
Highlights
-
Tenants all month to month
-
Five Parking Spaces
$5,000,000
3,243
Square Foot Building
Former Listing of 3101 Washington Boulevard, located in the heart of Silicon Beach. The property is comprised of four units, three of which are occupied currently. One of them is currently being operated as a retail storefront on the corner. All tenants are month to month. The building was built in 1984, making it one of the newer buildings in the area. It's centrally located next to many great restaurants and stores. This is an excellent opportunity for an owner-user or value-add investor to stake their claim in prime Westside real estate.
For more information please call (310) 909-2308

12310 Venice Boulevard 90066

4 - 8
Parking Spaces
25 Feet
of Street Frontage
+/- 3,750
Square Foot Lot
+/- 1,440
Square Foot Building
$1,450,000
12310 Venice Boulevard 90066
SOLD
Elliot Schwartz of Marcus and Millichap West Los Angeles is proud to present a commercially zoned building located in Mar Vista on the Westside. The building is a +/- 1,400 square foot structure, according to title, sitting on a +/- 3,750 square foot parcel. Located in the heart of Mar Vista, this property is a wonderful opportunity for an owner-user or value-add investor to claim a stake in the highly desirable market. The property is currently occupied by Sam Johnson's Book Shop. They are month to month. There are four parking spots located in the back of the building however with tandem parking, it may be possible to get up to eight cars in the lot. The building was built in 1950 and was a bar for some time. In the later 1950s, the Mar Vista Library was moved to this location at 12310 Venice Blvd. In 1962, it moved to its current location at 12006 Venice Blvd.
12310 Venice Boulevard was a highly competitive offering. Due to our marketing effort, we were able to achieve $50,000 over asking price.

Westside Weekly
For all news related to Westside Commercial Real Estate
Featured Closings
12328 Venice Boulevard Los Angeles, CA 90066
Sold for $832 Per Square Foot
Great Owner/User Opportunity
Property Had Significant Income From Billboard

5716 W. Manchester Avenue Los Angeles, CA 90045
Prime Westchester Location
TOC Tier 3 Property
Purchased by a Developer
Purchased at List Price

3993-3995 Inglewood Boulevard
Los Angeles, CA 90066
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C1 and R3 Zoning
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10,858
Square Foot Lot -
Mixed-Use Property
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Listed By Two Resi-mercial Brokerages in 2016 & 2017
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We Closed in 2019

11189 w Olympic Boulevard Los Angeles, CA 90025
Leased
M2-1 Zoning
11,500 Square Foot Lot

11700 W. Santa Monica Boulevard Los Angeles CA 90025
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Sold at asking price $7,500,000
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Created highly competitive bidding environment which fostered a non-contingent offer
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Quick close of escrow


3970 E. Main Street
Ventura, CA 93003
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Sold for $4,500,000
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NNN
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5.55% Cap Rate
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Big 5 as Tenant
