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Getbig Main Boards => Gossip & Opinions => Topic started by: Slick Vic on July 02, 2006, 06:26:41 AM

Title: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 06:26:41 AM
So I'll be going out to Los Angeles yet again very soon, and I can't find the info I have about the original Gold's Gym (address, location) Does anyone know where exactly it's located in Venice? For example, it's address. I remember the last time I went to L.A. I checked out Zucky's Restaurant (where Arnold first met/picked up Barbara Outland) and of course it was deserted/closed. But it was still cool to see. Had the sign up and everything. So, yeah, anyway.... let me know about this Gold's Gym - if you can.  8)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: YoungBlood on July 02, 2006, 06:50:58 AM
Go to www.ironage.us and do a search. I know they have multiple threads about the Original Golds.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Hurricane Beef ! on July 02, 2006, 06:59:32 AM
I'ts a good time to see it.

It has an apt., upstairs and  was on the market for $900k and will sell and be made into something else. The mecca will be gone.

I trained there with Ronnie Abston a few times, he would ask fro advice on calf and arm training . . . those
 were the days.

The Beef
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Bix on July 02, 2006, 07:08:07 AM
So I'll be going out to Los Angeles yet again very soon, and I can't find the info I have about the original Gold's Gym (address, location) Does anyone know where exactly it's located in Venice? For example, it's address. I remember the last time I went to L.A. I checked out Zucky's Restaurant (where Arnold first met/picked up Barbara Outland) and of course it was deserted/closed. But it was still cool to see. Had the sign up and everything. So, yeah, anyway.... let me know about this Gold's Gym - if you can.  8)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 07:08:36 AM
Cool. Thanks, fellas!  :)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 07:11:02 AM
Sweet! Thanks for the pic, Bix!  :) I look forward to checkin' it out for myself. It's sad to see it like that though.  :'(
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Hurricane Beef ! on July 02, 2006, 07:14:01 AM
Nice pic Bix. I take it you've been there?

The Beef.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 07:18:26 AM
1006 Pacific Avenue, a block off the beach towards one end of Venice Beach. It's bizarre to actually see it, almost unchanged. There's so little room on the sidewalks that the view is better from the other side of the street, where that pic was taken. The new Gold's isn't as good, mainly because unlike this one it's nowhere near the beach.

Too bad someone like Weider or Schwarzenegger hasn't bought it and made it in to a museum or BB theme restaurant.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Hurricane Beef ! on July 02, 2006, 07:25:34 AM
1006 Pacific Avenue, a block off the beach towards one end of Venice Beach. Part of why the new Gold's isn't as good is that it's nowhere near the beach like the old one.

Too bad someone like Weider or Schwarzenegger hasn't bought it and made it in to a museum or BB theme restaurant.

I agree, it should purchased and restored ( they say some of the old equipment is still inside and a lot of the rest is known to be in other places.) Could it be moved? I heard it is a bad part of town around there.

What about you, Ron? You should get behind this.

The Beef.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 02, 2006, 08:36:46 AM
Too bad someone like Weider or Schwarzenegger hasn't bought it and made it in to a... BB theme restaurant.

The servers would be second- and third- tier NPC competitors in posing trunks and competition tan, I suppose. With bench-press benches rather than seats. And rather than eating dessert, you have it injected into your ass.

Anyone care to make reservations at the "Hard Pec Cafe" ?
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 08:44:36 AM
Quote
The servers would be second- and third- tier NPC competitors in posing trunks and competition tan, I suppose. With bench-press benches rather than seats. And rather than eating dessert, you have it injected into your ass.

Anyone care to make reservations at the "Hard Pec Cafe" ?

Until then, check the classifieds in various homosexual publications; they should be able to help you.  ;)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Sir William Idol on July 02, 2006, 09:56:40 AM
The new Gold's isn't as good, mainly because unlike this one it's nowhere near the beach.


c'mon pumpster, i wouldnt call 5 blocks "nowhere near the beach"
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ether on July 02, 2006, 10:41:49 AM
1006 Pacific Avenue, a block off the beach towards one end of Venice Beach. It's bizarre to actually see it, almost unchanged. There's so little room on the sidewalks that the view is better from the other side of the street, where that pic was taken. The new Gold's isn't as good, mainly because unlike this one it's nowhere near the beach.

Too bad someone like Weider or Schwarzenegger hasn't bought it and made it in to a museum or BB theme restaurant.

Probably because both of the afore mentioned individuals do not make investments in sure fire failure projects.

Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 11:09:04 AM
Quote
c'mon pumpster, i wouldnt call 5 blocks "nowhere near the beach"
It's completely changed the dynamic; BBs aren't seen as much on the beach or working out at the outdoor pit, in part because the gym isn't nearby. Bad choice moving it that far away.


Quote
Probably because both of the afore mentioned individuals do not make investments in sure fire failure projects.
Since Schwarzenegger's invested in nearby properties your logic makes no sense, in addition to which there is no indication it wouldn't be viable other than your hair-trigger opinion. Schwarzenegger's paid good money for other things in his past. Could've been bought inexpensively years ago before prices went up. Most likely it wasn't available for sale then, and since then it's possible the owner(s) haven't been interested in selling. Might still be viable unless the price is totally unreasonable; publicity would be huge.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 02, 2006, 12:10:19 PM
Might still be viable unless the price is totally unreasonable

You do realize we're talking about beach-vicinity real estate in southern California, don't you?  :)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 12:12:22 PM
Quote
You do realize we're talking about beach-vicinity real estate in southern California, don't you?

I said the price might be prohibitive now, is english your second language? I smell GED.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: jwb on July 02, 2006, 01:03:31 PM
Someone should buy the facade (you can do that i've seen it happen) and put it up somewhere else (in front of a steel warehouse/shed) and start a bbing museum...
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 01:04:46 PM
Quote
Someone should buy the facade (you can do that i've seen it happen) and put it up somewhere else (in front of a steel warehouse/shed) and start a bbing museum...

No, the building's generally in use. I think Sprague lived/lives there.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: jwb on July 02, 2006, 01:34:31 PM
No, the building's generally in use. I think Sprague lived/lives there.
I meant when it gets sold and the new owner tears it down...
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: WOOO on July 02, 2006, 03:19:36 PM
the sacred temple!!!
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 04:44:12 PM
 I hope they NEVER tear it down. It's part of history!  :'(
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: jwb on July 02, 2006, 05:07:01 PM
I hope they NEVER tear it down. It's part of history!  :'(
Well it's on the market apparently and the zoning allows for an apartment building on the site so the original mecca is in serious danger folks!
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 05:45:15 PM
Well it's on the market apparently and the zoning allows for an apartment building on the site so the original mecca is in serious danger folks!
Damn, bro! That sucks!  :'(
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 05:46:38 PM
Hopefully nothing will be done to it by the time I get there for my yearly L.A. trip.  :-\
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 05:53:21 PM
Quote
Well it's on the market apparently and the zoning allows for an apartment building on the site so the original mecca is in serious danger folks!

After all this time, the symbolic value of the building is such that even if the property were sold, someone would likely buy and relocate the original building.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: timfogarty on July 02, 2006, 05:54:34 PM
It's completely changed the dynamic; BBs aren't seen as much on the beach or working out at the outdoor pit, in part because the gym isn't nearby. Bad choice moving it that far away.

the dynamics have changed because Venice is no longer a cheap place to live.  all the cheap bungalows are being replaced by millions dollar condos.  struggling bodybuilder can no longer afford to live along the beach in Venice. they're now a mile or two inland.

Quote
Most likely it wasn't available for sale then, and since then it's possible the owner(s) haven't been interested in selling. Might still be viable unless the price is totally unreasonable; publicity would be huge.

It's on a very busy street with no parking. Its impractical for any kind of business.

http://zillow.com (http://zillow.com) lists it as the following:

1006 Pacific Ave, 90291     Single   3   3   $1,911,128   2,521   3,354   1965   03/04/2003

from local.live.com:
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 06:00:53 PM
Quote
the dynamics have changed because Venice is no longer a cheap place to live.  all the cheap bungalows are being replaced by millions dollar condos.

That is only one of several reasons; the gym's relocation to other locales also changed things beginning 25 years ago.

Quote
It's on a very busy street with no parking. Its impractical for any kind of business.

There are other businesses in the area AND it used to be a business; means could be found if the business model is  viable.

Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: jaejonna on July 02, 2006, 06:02:07 PM
Its across the street from the firehouse ...order the bob bowl ...its a dish full of shit in it!!!


 :-* :-*opps did i say that ... :-* :-*
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 02, 2006, 06:20:57 PM
After all this time, the symbolic value of the building is such that even if the property were sold, someone would likely buy and relocate the original building.

The Smithsonian, perhaps?

Listen, I hate to be the bearer of bad tidings. But...

1. There is no Tooth Fairy.

2. Not everyone can grow up to be President of the United States.

3. In the real world - the world outside this message board - no one cares about bodybuilding. The fact that this building was where Arnold Schwarzenegger used to lift weights wouldn't be worth the price of a latte to a commercial real estate developer. Hell, they wouldn't let you put an informational plaque outside the new Baby Gap - or whatever else they built there - even if you were willing to pay for and install it yourself.

And if you must take your frustrations with reality out on me, you'll do better insulting my physique rather than my intellect. I don't think you're going to beat me in that round.  :)

[The only question now is whether retaliation will come in the form of being called an "assclown" or with some gay-bashing.]

Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 06:52:25 PM
The fact that this building was where Arnold Schwarzenegger used to lift weights wouldn't be worth the price of a latte to a commercial real estate developer.


I'm not gonna bash you or anything like that because the reality is is you're right. It's when someone, like myself, has a passion for that gym and its meaning, knows that it can't stay forever.  :'(
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 02, 2006, 07:01:49 PM
I'm not gonna bash you or anything like that because the reality is is you're right. It's when someone, like myself, has a passion for that gym and its meaning knows that it can't stay forever.  :'(

I look at it this way. The fact that Arnold is now a saggy-titted old man doesn't reduce by one iota the magnificence of the physique he once had. And the future of the Gold's building as a Starfukcs or whatever doesn't take anything away from what it meant then - or what it still means to those of us who remember.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 07:05:42 PM
Quote
Quote from: ribonucleic on Today at 09:20:57 PM
The fact that this building was where Arnold Schwarzenegger used to lift weights wouldn't be worth the price of a latte to a commercial real estate developer.

The only problem is you're a bit of a know-all. You have *no* idea what someone would pay until it happens, genius. I assure you that there will be bidders. Did you even know that Schwarzenegger paid to buy the tank he used to drive, or that Larry Scott wishes he could've bought the remnants of Vince's gym? I didn't think so-if you knew that you'd already have known that Schwarzenegger would try to buy Gold's too, before it would be demolished.

 Now, use your brilliance and figure out what it's worth to Schwarzenegger if he was willing to buy and transport a friggin TANK from Austria to the US. DUH!

Quote
The Smithsonian, perhaps?

Listen, I hate to be the bearer of bad tidings. But...

1. There is no Tooth Fairy.

2. Not everyone can grow up to be President of the United States.

Further proclamations from a dumbass. If Bush can be president, your thesis is worth shit! Thanks for the helpful/useless "tips" to those of us not as informed as you. hahahahahhahahahhahahaha hahhahaha
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 02, 2006, 07:12:03 PM
Arnold is now a saggy-titted old man
Okay. That's it. You crossed the line. Now I'll call you an assclown.  :P
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Ex Coelis on July 02, 2006, 07:13:33 PM
Vince Gironda's gym/studio was closed down and turned into a cell-phone store  :-\
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 07:15:18 PM
Vince's equipment was sold for 10K; Scott says he's have bought had he known.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 02, 2006, 07:20:20 PM
Okay. That's it. You crossed the line. Now I'll call you an assclown.  :P


E pur si muove!

(http://www.socialitelife.com/images/arnold.jpg)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 02, 2006, 07:23:31 PM
That pic has absolutely zero relevance here-what was the point?
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 02, 2006, 10:25:36 PM
That pic has absolutely zero relevance here-I wonder what the point was to this genius? Couldn't have been humor since it's unfunny.. :-\

I guess it'll be even unfunnier after I explain it to you. But since you asked...

By way of saying that the current commercial irrelevance of the original Gold's building takes nothing away from its historical significance, I used what is called an "analogy" [ http://en.wikipedia.org/wiki/Analogy ] and said that Arnold's currently being a saggy-titted old man doesn't make him any less of a great bodybuilding champion. Apparently offended, Slick Vic called me an assclown. [And yeah, it hurt my feelings.  :-\  But you've got to be a warrior, you know?] So I posted the photographic evidence of my contention with the comment "E pur si muove!" - which is a famous (though possibly apocryphal) quote attributed to Galileo. The full explanation of it can be found here: http://en.wikipedia.org/wiki/E_pur_si_muove%21 . But if you'd prefer the Cliff Notes version, it's a way of saying, "I'm right though."

I can't remember where I first came across that. Might have been my GED test.  ;D
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Hurricane Beef ! on July 03, 2006, 03:43:59 AM
Vince's equipment was sold for 10K; Scott says he's have bought had he known.

Is that all, pumpster? Do you know who bought it or what became of it?

The Beef.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 03, 2006, 05:38:47 AM
Apparently offended, Slick Vic called me an assclown.
Your brilliance failed you when you didn't sense the sarcasm from me when I used the icon of the tongue sticking out. I guess my explanation has been UNFUNNY now that I explained it to you.  :-*
you'll do better insulting my physique rather than my intellect.


I guess it'll be even unfunnier
And if you're gonna claim to be so smart you might want to use correct words as opposed to ones you just make up being that there's no such word as unfunnier Ouch! OWNED!  :D
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: RHINO290 on July 03, 2006, 05:58:29 AM
1006 Pacific Avenue, a block off the beach towards one end of Venice Beach. It's bizarre to actually see it, almost unchanged. There's so little room on the sidewalks that the view is better from the other side of the street, where that pic was taken. The new Gold's isn't as good, mainly because unlike this one it's nowhere near the beach.

Too bad someone like Weider or Schwarzenegger hasn't bought it and made it in to a museum or BB theme restaurant.

I used to live 3 doors down from it.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 03, 2006, 07:03:12 AM
And if you're gonna claim to be so smart you might want to use correct words as opposed to ones you just make up being that there's no such word as unfunnier Ouch! OWNED!  :D

It's true that the grammatically correct version would have been "more unfunny". But sometimes you're "gonna" want to sound a little jazzier. Know what I mean, Slick Vic?

That's not the same as committing a grammatical error out of ignorance - i.e. "This is the ABSOLUTE BEST picture of Arnold I've EVER seen...." [which you posted here: http://www.getbig.com/boards/index.php?topic=75772.msg1166827#msg1166827 ]

Also, according to 240 [who I wouldn't accept as an authority on all things, but who does have more posts than both of us put together], "You cannot label an owning- you can only deliver a jab and let neutrals decide." [ http://www.getbig.com/boards/index.php?topic=81974.msg1168168#msg1168168 ]

Have a nice day.  :)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: HUGEPECS on July 03, 2006, 07:07:14 AM
Okay. That's it. You crossed the line. Now I'll call you an assclown.  :P




LOL...YES INDEED, HE'S NO LONGER THE PEC-BUSTING T-SHIRT AUSTRIAN OAK. I GUESS WE ALL GONNA EXPERIENCE THE EFFECTS OF AGING, SOME DAY...UMM..SUCKS....I'M SURE THIS PIC SAYS A THOUSAND WORDS
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 03, 2006, 07:17:58 AM
It's true that the grammatically correct version would have been "more unfunny". But sometimes you're "gonna" want to sound a little jazzier. Know what I mean, Slick Vic?

That's not the same as committing a grammatical error out of ignorance - i.e. "This is the ABSOLUTE BEST picture of Arnold I've EVER seen...." [which you posted here: http://www.getbig.com/boards/index.php?topic=75772.msg1166827#msg1166827 ]



I'm gonna assume you meant to say "a little more jazz...." since, once again, jazzier sounds a bit more ignorant. I'm not trying to be unfunnier here. Really, I'm not.  :D Hope this helps.
Have a nice day.  :)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 03, 2006, 07:39:35 AM
I'm gonna assume you meant to say "a little more jazz...." since, once again, jazzier sounds a bit more ignorant. I'm not trying to be unfunnier here. Really, I'm not.  :D Hope this helps.
Have a nice day.  :)


If I was owned by my use of the coinage "unfunnier" [though technically, that would be a self-owning], does your prolongation of that owning now make it "brutal" ? Just curious.

Since this grammatical bickering is probably boring everyone else, you might want to make use of the "Betty Pariso's delts" thread I started last night. Since nearly everyone on this board enjoys ridiculing female bodybuilders, you'll be virtually unassailable if you make some joke about my buying Betty Pariso's clit-shields on eBay - or something like that.

Hope this helps.  :)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 03, 2006, 08:52:21 AM
I used to live 3 doors down from it.
That's cool. Was this during its heyday?  ???
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ether on July 03, 2006, 09:15:33 AM
The only problem is you're a bit of a know-all. You have *no* idea what someone would pay until it happens, genius. I assure you that there will be bidders. Did you even know that Schwarzenegger paid to buy the tank he used to drive, or that Larry Scott wishes he could've bought the remnants of Vince's gym? I didn't think so-if you knew that you'd already have known that Schwarzenegger would try to buy Gold's too, before it would be demolished.

 Now, use your brilliance and figure out what it's worth to Schwarzenegger if he was willing to buy and transport a friggin TANK from Austria to the US. DUH!



Obviously Arnold could (afford) to buy it, hell he might even...he has tons of cash to do with it what he would like.

He could also open a BB museum/restaurant and lose hundreds of thousands of dollars a year employing people like Chick to be the host and Dorian to be the cook etc...

But, the reality here is that ... even if he did do this, or anyone for that matter... it would be a magnificent failure.

No one, and I mean no one would go there. Not even 10% of the people who actually following bodybuilding, because people only go and visit Venice Beach (to see golds) if they are nearby (as I once did).

I sure has hell wouldn't plan a vacation to go see that place or eat there.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Hurricane Beef ! on July 03, 2006, 10:48:45 AM
I used to live 3 doors down from it.

If I ever get there ( before they tear it down / sell it ) I'm rubbing my bird on the outside wall.

The Beef
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 03, 2006, 10:51:46 AM
Quote
Obviously Arnold could (afford) to buy it, hell he might even...he has tons of cash to do with it what he would like.

He could also open a BB museum/restaurant and lose hundreds of thousands of dollars a year employing people like Chick to be the host and Dorian to be the cook etc...

But, the reality here is that ... even if he did do this, or anyone for that matter... it would be a magnificent failure.

No one, and I mean no one would go there. Not even 10% of the people who actually following bodybuilding, because people only go and visit Venice Beach (to see golds) if they are nearby (as I once did).

I sure has hell wouldn't plan a vacation to go see that place or eat there.

IN YOUR OPINION..this is all rampant speculation on your part, all of it negative BTW, arrogantly framed as reality. In effect, you're only speaking for yourself and your own perceptions.

Besides which it hasn't even crossed your mind that rich people sometimes invest in money-losers, just because they support them. No different than bequeathing monies to various charities or causes. That's assuming a money-losing proposition, an unproven IF.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: ribonucleic on July 03, 2006, 11:10:20 AM
WTF could you possibly do with a lot that size for $1.9M?  Once you factor tear-down and the cost of whatever you build there you're prolly up to $6M min. To get a cap rate of 10 (you'd probably need to do better than that now that interest rates on debt financing are up) you'd need to clear $600K/yr after expenses. Even if you can get $2500/month in rent, you'd need 25 units minimum. You can't do it on a lot that small unless you build 12  or 13 stories, which I'm sure zoning won't allow.

California real estate pricing has lost all sense of reason. Since you can't turn a profit on it, I don't see anyone buying it for $1.9M.

If you keep bringing up reality like that, pumpster and vic are going to hold their breaths until they turn blue.  :-X
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 03, 2006, 11:14:40 AM
Quote
If you keep bringing up reality like that, pumpster and vic are going to hold their breaths until they turn blue.

Actually I think he's saying that the proposed price doesn't make an apartment cash-flow viable under 12-13 floors, which wouldn't be realistic.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: timfogarty on July 03, 2006, 11:25:22 AM
California real estate pricing has lost all sense of reason.

I agree with that.  I could sell my condo and retire if I wanted to move back to the midwest.

because of today's zoning laws, it would be pretty much impossible to have a business in the location of the old Gold's, and that includes a museum.  You'd need parking, which this lot doesn't have.  That means a business owner would have to buy a nearby building to tear down for parking.   

and again, because of parking, set-back requirements and height limitiations, apartments would be unlikely too.  Perhaps you could tear it down and put 6 condos, all selling for a million or two.  Most likely it will just remain a single unit house.
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 03, 2006, 11:40:40 AM
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because of today's zoning laws, it would be pretty much impossible to have a business in the location of the old Gold's, and that includes a museum.  You'd need parking, which this lot doesn't have.  That means a business owner would have to buy a nearby building to tear down for parking. 

That's why it would take just some small degree of creativity that i haven't seen anywhere here, such as buying the property, selling off Gold's to the highest bidder who would relocate it to a less pricey, more accessible venue. The space could then be redeveloped to maximimze cash flow. The buyer could either be a developer or a 3rd party like Schwarzenegger interested in Gold's, who would subsequently flip the vacated property afterwards.

Glad I could help guys.  ;)
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: Slick Vic on July 03, 2006, 11:49:38 AM
If you keep bringing up reality like that, pumpster and vic are going to hold their breaths until they turn blue.  :-X
Too late!  :P
Title: Re: I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....
Post by: pumpster on July 03, 2006, 11:53:04 AM
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If you keep bringing up reality like that, pumpster and vic are going to hold their breaths until they turn blue. 

Too late!

hahahahahh the empty rhetoric's priceless. Continue, since you have nothing yourself to add..hahahahah