4952 Warner Ave, Huntington Beach, CA 92649 three story building
- value add or redevelopmentOffering Memorandum
Property Highlights
1
DESCRIPTION Three story Building
NET OPERATING INCOME $691,852.55
BUILDING SIZE ± 47,488 SF
TRAFFIC COUNT 49,000 Vehicle Per Day
FREEWAYS 405, 605 and 91
Occupancy RATE 84.28%
MILES FROM OCEAN 1.5 Miles
ACRES 2.3 Acres (100,188 SF)
POPULATION 100,000 (3 Mile Radius)
HOUSEHOLD INCOME Average $122,521
Opportunity to acquire a ±47,568 square foot, three-story commercial building in prime Huntington Beach location. The
property is located at the signalized intersection of Bolsa Chica Street and Warner Avenue (49,000 vehicles per day) and is less than
two miles from the ocean.
The building has recently received over $1M in exterior and interior renovations. There is also a redevelopment opportunity with the
short-term leases currently in-place.
4952 Warner
Avenue Huntington
Beach
4952 Warner
Avenue
Huntington Beach
$1,300,000 IN PROPERTY UPGRADES(Last renovated in 2018)
• Lobby, Hallways, Restrooms, Paint, Carpet
• Exterior (Paint, Parking Lot Slurry, Landscaping)
• LED Retrofit
• HVAC Replacement/Repairs
• Roof Upgrades/Repairs
• Gated Parking in the back
• Elevator upgrade
ADDRESS4952 Warner Ave, Huntington
Beach, CA 92649
APN# 163-281-02
BUILDING SIZE ± 47,488 SF
YEAR BUILT 1978
YEAR RENOVATED 2016
ZONING General Commercial
STORIES Three
Use Office
PARKING 167 Parking Stalls
ELEVATOR SERVED Yes (2 Total)
POPULATION 5 MILE RADIUS 259,876
HVACFully Zoned HVAC
3
Property Highlights
Location
IRVINE 25 Min
LONG BEACH 25 Min
DOWNTOWN LOS ANGELES 50 Min
RIVERSIDE 60 Min
NEWPORT BEACH 20 Min
JOHN WAYNE AIRPORT
SANTA ANA (SNA)25 Min
LAX 40 Min
SAN DIEGO 95 Min
Huntington Beach is a seaside city within Orange County in Southern California. The Pacific Ocean borders it on the west and has been long known for its long 8.5 miles of beautiful beach, mild climate, and excellent surfing, earning it the nickname of Surf City. Surf, sand, sun, and subtle sophistication encapsulate the City of Huntington Beach. The California lifestyle is synonymous with Huntington Beach.
Named the “Best City to Live in Orange County” by the Orange County Register readers, Huntington Beach offers residents a charming community with ideal weather, a diversified economy overflowing with good jobs, a wide variety of housing, an excellent educational system, boat marinas, numerous parks, and exemplary health care.
The Huntington Beach is located along the Southern California coast in Orange County, 35 miles south of Los Angeles and 90 miles north of San Diego. Named for railroad magnate Henry Huntington who orchestrated its development, the city is now an epicenter of activity and entertainment with wide, sandy beaches.
4
HUNTINGTON BEACH
Location
PACIFIC CITY
Situated right on Pacific Coast Highway with
unobstructed beach views, Surf City USA’s
newest shopping, dining, and lifestyle
destination. Inspired by modern craftsman
beach bungalows, Pacific City features patio
dining, outdoor movie nights, and inviting
spaces to hang out and enjoy the oceanfront
view.
Whether you’re looking for somewhere to do
some quick shopping or somewhere to spend
an entire day, Pacific City’s one-of-a-kind stores
and restaurants and their exciting onsite events
will appeal to visitors of all ages.
DOWNTOWN HUNTINGTON
With blocks of shops and plenty of eateries
offering a break from browsing, Main Street
and Fifth Street blend convenience, selection,
and Downtown’s always-vibrant atmosphere.
There’s something for everyone, including
charming souvenir stores, family-run surf shops,
trendy women’s boutiques, enchanting
vintage collections, as well as bicycle and
motorcycle supplies. You’ll find Pacific City, a
retail and dining hub offering even more
unique and trendy shopping options, a short
walk south of Main Street.
HUNTINGTON BEACH
Huntington Beach's shoreline stretches for ten
uninterrupted miles of wide-open sandy
beaches, making it a paradise for families,
couples, dogs, and surfers.
Where perfect waves are born, Surf City USA
attracts professional surfers and World Surf
League contests. Some visitor's favorites include
volleyball courts, bonfire pits, concerts, and
movies on the sand; of course, the iconic
Huntington Beach Pier spanning 1,850 feet in
length.
Awards include America's Best Beach by Time
Magazine, Best Beach in California by USA
Today's Readers Choice, and Best West Coast
Beach by Coastal Living Magazine.
6
Demographic
TOP 5 EMPLOYERS IN HUNTINGTON BEACH
BOEING 4,391
CAMBRO MFC INC 1,015
ENSIGN USA DRILLING 925
GWC 900
HYATT REGENCY 641
HUNTINGTON BEACH DEMOGRAPHICS
2018 EST. POPULATION 200,641
2018 EST. HOUSEHOLDS 76,821
2018 EST. HOUSEHOLD INCOME $91,318
2012 EST. NUMBER OF FIRMS 22,860
EMPLOYMENT BY INDUSTRY
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Fi rs t F loor
6
Suite Tenant Size Expiration
100,101 Lusk 3,691.00 7/31/2024
102 Clear Wireless 96.00 12/31/2020
104 Prime Wellness 988.00 MTM
105 County records 1,070.00 12/31/2020
106 Miller & Miller 1,165.00 5/31/2021
107,108,109 W.E Financial 3,813.00 11/30/2021
110 South Shore Marine 615.00 12/31/2020
111 Zennoe LLC. 3,300.00 5/31/2024
8
100
101
104
105106
107
109
110111108
203
205 210
217
221
223
225227 229 231
230
239
232 235
236
241
251
250
255
256
253
201
Second Floor
6
Suite Tenant Size Expiration
201 A&E Vehicle Services 2,453.00 9/30/2020
203 Vacant 1,467.00
205 Alex Clarke 906.00 5/31/2023
210 Aren Baghdassarian 1,054.00 8/31/2020
217 Jay Sheth 848.00 11/30/2021
221 Bodhi Tree Vegan Café 531.00 9/30/2020
223 S&C Oil Company 547.00 12/31/2020
225 Vacant 818.00
227 Vacant 463.00
229 Gardner Insurance 523.00 9/30/2020
230 Center for Law 541.00 8/31/2020
231 Key CPR 1,053.00 2/28/2021
232 Misterly Financial 477.00 MTM
235 Mark Bidwell 477.00 10/31/2020
236 Anderson Architects 852.00 9/30/2021
237 Vacant 603.00
239 Robert Hansen 575.00 4/30/2021
241 Vacant 1,144.00
250 Jeff Baker 1,114.00 10/31/2021
251 Vacant 606.00
253 Gatti 1,712.00 7/31/2024
255 Law office of Tous 1,173.00 1/31/2025
256 Madison Tours 788.00 4/30/20219
301
307
330
320
309
317
305
300
storage
Third F loor
6
Suite Tenant Size Expiration
300 Behavior and develop 1,612.00 2/28/2024
301 MPI Technologies 2,909.00 12/31/2020
305 Vacant 1,500.00
307 Venator Broadcast 1,655.00 7/31/2023
309 The Quartersize RV 831.00 3/31/2022
317 Vacant 1,269.00
320 Close by Me 1,300.00 8/31/2020
330 Charles Emanuel 749.00 12/31/2021
storage Vacant 200.00
10
Inter ior
11
Exter ior
12
Rent Rol l
13
Total
Income
Total Income 925,284.00$
CAM Expense
Water/Sewer 7,154.76$
Electricity 11,482.32$
Gas 1,446.20$
Trash 6,601.44$
Landscape-Ground Maint 6,000.00$
Sweeping 1,998.00$
Fire Alarms 2,160.00$
HVAC 4,485.06$
Pest Control 525.00$
Parking Lot repairs 1,320.00$
Elevator Maint 4,800.00$
Electrical Repairs 2,713.01$
Fire Sprinkler 2,462.46$
Lighting 175.00$
Painting 312.09$
Plumbing 4,440.00$
Repairs & Maint 10,233.17$
Insurance 11,337.00$
Taxes: Property 113,185.82$
Life Safety Permits 450.00$
Interior Plant Maintenance 1,020.00$
Janitorial Contract 30,674.52$
Janitor/Clean up 6,846.96$
Door/Locks/keys 593.53$
Signs 1,015.11$
Total CAM Expense 233,431.45$
Net Operating Income 691,852.55$
Statement (12 months)
Period = Jan 2020-Dec 2020
Suite Lessee SF Expiration Term Base Rent Gross Amount Annual Rent
100,101 Lusk 3,691.00 7/31/2024 51 2.07$ 7,632.02$ 91,584.24$
102 Clear Wireless 96.00 12/31/2020 7 16.31$ 1,565.73$ 18,788.76$
104 Prime Wellness 988.00 MTM 2.00$ 1,976.00$ 23,712.00$
105 County records 1,070.00 12/31/2020 7 1.50$ 1,600.21$ 19,202.52$
106 Miller & Miller 1,165.00 5/31/2021 12 2.06$ 2,400.00$ 28,800.00$
108 W.E Financial 3,813.00 11/30/2021 18 2.14$ 8,149.30$ 97,791.60$
110 South Shore Marine 615.00 12/31/2020 7 2.21$ 1,362.00$ 16,344.00$
111 Zennoe LLC. 3,300.00 5/31/2024 49 1.76$ 5,794.66$ 69,535.92$
201 A&E Vehicle Services 2,453.00 9/30/2020 4 1.95$ 4,783.35$ 57,400.20$
203 Vacant 1,467.00 -$ -$ -$
205 Alex Clarke 906.00 5/31/2023 36 1.95$ 1,766.70$ 21,200.40$
210 Aren Baghdassarian 1,054.00 8/31/2020 3 1.86$ 1,960.20$ 23,522.40$
217 Jay Sheth 848.00 11/30/2021 18 1.75$ 1,484.00$ 17,808.00$
221 Bodhi Tree Vegan Café 531.00 9/30/2020 4 1.96$ 1,042.18$ 12,506.16$
223 S&C Oil Company 547.00 12/31/2020 7 1.70$ 929.90$ 11,158.80$
225 Vacant 818.00 -$ -$ -$
227 Vacant 463.00 -$ -$ -$
229 Gardner Insurance 523.00 9/30/2020 4 1.67$ 875.50$ 10,506.00$
230 Center for Law 541.00 8/31/2020 3 1.91$ 1,030.88$ 12,370.56$
231 Key CPR 1,053.00 2/28/2021 9 1.34$ 1,408.29$ 16,899.48$
232 Misterly Financial 477.00 MTM 1.25$ 595.50$ 7,146.00$
235 Mark Bidwell 477.00 10/31/2020 5 1.68$ 800.00$ 9,600.00$
236 Anderson Architects 852.00 9/30/2021 16 2.00$ 1,704.00$ 20,448.00$
237 Richard Hornstein 603.00 MTM 1.49$ 900.00$ 10,800.00$
239 Robert Hansen 575.00 4/30/2021 11 2.00$ 1,147.52$ 13,770.24$
241 Vacant 1,144.00 -$ -$ -$
250 Jeff Baker 1,114.00 10/31/2021 17 2.13$ 2,375.05$ 28,500.60$
251 Vacant 606.00 -$ -$ -$
253 Gatti 1,712.00 7/31/2024 51 1.95$ 3,339.00$ 40,068.00$
255 Law office of Tous 1,173.00 1/31/2025 57 1.92$ 2,252.16$ 27,025.92$
256 Madison Tours 788.00 4/30/2021 11 1.94$ 1,529.57$ 18,354.84$
300 Behavior and develop 1,612.00 2/28/2024 46 1.82$ 2,933.84$ 35,206.08$
301 MPI Technologies 2,909.00 12/31/2020 7 1.65$ 4,791.50$ 57,498.00$
305 Vacant 1,500.00 -$ -$ -$
307 Venator Broadcast 1,655.00 7/31/2023 39 1.90$ 3,144.50$ 37,734.00$
309 The Quartersize RV 831.00 3/31/2022 22 1.96$ 1,628.76$ 19,545.12$
317 Vacant 1,269.00 -$ -$
320 Close by Me 1,300.00 8/31/2020 3 1.91$ 2,485.95$ 29,831.40$
330 Charles Emanuel 749.00 12/31/2021 19 2.30$ 1,718.96$ 20,627.52$
storage Vacant 200.00 -$ -$ -$
Total 47,488.00 77,107.23$ 925,286.76$
Occupied 84.28%
Vacant 15.72%
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Rent Roll as of 8/1/2020
Information concerning the property [properties] described herein has been obtained from sources other than Khoshbin Co, and neither Owner nor Khoshbin Co, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Khoshbin Co and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2020. Khoshbin Co. All rights reserved.
Alireza Mirzaei
(949) 863-9390 Ext.106
[email protected]. 02101295