REPOSITIONING/REDEVELOPMENT OPPORTUNITY - The subject property is zoned C2-IVL, potentially allowing mixed use development at a 1.5 FAR, providing
a ratio of 11.25/1,000 parking, unparalleled in this market. Furthermore, the generous parking to building ratio allows for the current improvements on the site to be
repositioned/converted to numerous uses including a medical/creative office, surgery center or retail.
PROMINENT RETAIL CORRIDOR Irreplaceable frontage and visibility to over 52,000 CPD along Bundy Blvd. Additional visibility via existing property signage
along National Boulevard.
STRONG TRADE AREA DEMOGRAPHICS - Mara Vista is home to a rare mix of affluence and density, unique in southern California cities, with average household
incomes exceeding $115,000 within 1 mile of the site and nearly 350,000 people within 3 miles.
OWNER USER INVESTMENT STRATEGY - Extremely rare favorable land to building ratio allows for maximum flexibility when repositioning the asset.
