9511 – 9513 S SAN PEDRO ST, LOS ANGELES 90003 · 2019. 3. 13. · 9511 – 9513 S San Pedro St,...

9511 – 9513 S SAN PEDRO ST, LOS ANGELES 900039511 – 9513 S San Pedro St

Los Angeles, CA 90003

9511 – 9513 S San Pedro St, Los Angeles 90003Exclusively

Marketed ByTableof Contents

PEAK COMMERCIAL

Amir Madani

[email protected]

Lic. 02015245

INVESTMENT SUMMARYInvestment OverviewRegional Map

AREA OVERVIEWLocal MapCity OverviewCounty OverviewAerial Map

PROPERTY DESCRIPTION Property Details

FINANCIALSOffering Summary

9511 – 9513 S San Pedro St, Los Angeles 90003

Investment Summary

9511 – 9513 S San Pedro StLos Angeles, California 90003

The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.

Investment SummaryPrice $599,000Occupancy 0.00%Building Size 2,532 SFPrice per Square Foot $236.57Land Area 5,193 Sq. Feet

Investment HighlightsGreat Development Opportunity to build 4 Units, RTI ready.●

Plans available for 4 Multi-family units; ALL 2 bedrooms about 900●

Sqft each, easy to show!Up and coming area with exceptional demographics and upside.●

Call listing broker with any questions and showing instruction.●


Investment Summary



Regional Map


Area Overview



Area OverviewCity Overview - Los AngelesLos Angeles, is the largest city in the state of California. The areabecame US property in 1848, with Los Angeles incorporated as a cityin 1850. Initially, an attractive climate, the discovery of oil and thegrowth of the citrus fruit industry brought people to the city in drovesduring its first 100 years. With the presence of Lockheed and Douglasaerospace companies in the area during World War I, and theexpansion of the motion picture industry in the 1920s the populationexploded.

Today, Los Angeles is the nation’s largest manufacturing area, hometo one of its busiest ports, the distribution hub of the west coast and agateway to Asia. Moreover, Los Angeles is the entertainment capitalof the world, with most of the country’s major motion picture,television and recorded music operations based there. The city’sexansive metropolitan area is the second-largest in the country, withover 14,000,000 people spread over a land area the size of Maine.Thirty of LA’s suburbs have populations of 80,000 or more. LosAngeles is very diverse, with people from over 140 countries and thelargest Latin-American and Asian- American populations of any UScity.

Los Angeles is well represented in major league sports, with multipleteams in baseball (Los Angeles Dodgers and Anaheim Angels),basketball (NBA’s Los Angeles Lakers and Clippers, WNBA’s LosAngeles Spark) and and hockey (NHL’s Los Angeles Kings andAnaheim Mighty Ducks). Most recently, the NFL announced therelocation of the St. Louis Rams to Los Angeles. Los Angeles hashosted the Olympic Games and for ten years the city has hosted the XGames. Outdoor recreation in the Los Angeles area is practicallyunmatchable. Beaches with familiar names right out of Beach Boyssongs offer water sports of all kinds. Some of the country’s bestsurfing is within reach, from Malibu and Santa Monica to HuntingtonBeach, with its famous pier, surf shops and surfing walk of fame.Skateboarding, which originated in Los Angeles less than 50 yearsago, has never been more popular. In the winter, skiing is availablewithin a manageable distance at Sierra Nevada mountain slopes.

Los Angeles is the largest city in the state of California and thesecond largest in the United States. Often abbreviated as L.A. andnicknamed The City of Angels, Los Angeles has an estimatedpopulation of 3.8 million and spans over 498.3 square miles inSouthern California. Additionally, the Los Angeles metropolitan area is

home to nearly 12.9 million residents. Los Angeles is the seat of LosAngeles County, the most populated and one of the most diversecounties in the United States.

Los Angeles HighlightsHistorically high occupancy rates.●

Dramatic net absorption during recoveries.●

Extremely limited numbers of large blocks of available space.●

Significant increases in rental rates in strong economic times.●

County OverviewThe most heavily populated county in the country is Los AngelesCounty with approximately 9.9 million people, including about 1million that live in unincorporated areas of the county. The metropolis- formed by the six neighboring counties of Los Angeles, Ventura,Kern, San Bernardino, Riverside, and Orange - is home toapproximately 19 million residents. Los Angeles County is home toone of the most educated labor pools in the country and offers a laborforce of more than 4.7 million, of which more than 1.5 million arecollege graduates. Los Angeles County has the largest population ofany county in the nation, exceeded only by eight states. According tothe United States Conference of Mayors, Los Angeles County boastsa GDP among the twenty largest in the world. Los Angeles County’scontinued economic growth, in contrast to other areas of the stateand nation, is due to its diversified economy and abundant,well-trained workforce.


Area Overview



Los Angeles County is well located on the Southern Coast of theCalifornia, and covers 4,061 square miles, including the San Clementeand Santa Catal ina islands. The County is comprised ofapproximately 88 vibrant and diverse cities hosting more than244,000 business establishments— the greatest concentration in thestate. Los Angeles County has a Gross Domestic Product (GDP) ofapproximately $446 billion - placing it among the top 20 economies inthe world. The combined GDP of Los Angeles and its five surroundingneighboring counties places it in the top 10. California is generallyconsidered to be in the top five.

If Los Angeles County were its own nation, its economy would be the18th largest in the world. It is home to more than 244,000 businesses,with more minority and women owned businesses than any other inthe nation and is the nation’s top international trade center andmanufacturing center. Los Angeles is recognized worldwide as aleader in entertainment, health sciences, business services,aerospace and international trade. Because the Los Angeles area isso large and diverse, it has something to offer to everyone. WhileHollywood and the Los Angeles beach culture are part of ourcollective image of Los Angeles, the city also has more museums thanany other city and some of the best hotels in the world are located inLos Angeles.

Over the years, Los Angeles County has developed a diverseeconomic base, supported by a number of Fortune 500 companieswith headquarters in the area, including Hilton Hotels, Walt Disney,Occidental Petroleum, DirecTV Group, Northrop Grumman, ComputerSciences, KB Home, Health Net, Mattel, and Avery Dennison. Keyfactors positively impacting the region’s economic position includeincreased local media production by the entertainment industry and acontinuing expansion of import flows. Moreover, growth in aerospace,homeland security and in the private business sector have contributedpositively to the County's economy. Los Angeles' well educated laborpool, many universities, wonderful climate, and world classinfrastructure will enable Greater Los Angeles to continue to be aworld leader in economic and cultural significance.

County HighlightsLos Angeles County is the world’s 18th largest economy.●

Los Angeles part of the "Tech Coast" and is regarded as the of the●

main entrepreneurial regions of the world. It has approximately200,000 small businesses, which is twice as many small businessesas can be found in any other region of the United States.If Los Angeles' five county area were a state, it would be the fourth●

largest in the United States.Los Angeles has more than 80 stage theaters and 300 museums,●

more than any other U.S city.


Area Overview



Aerial Map


Property Description



Property DetailsAddress 9511 – 9513 S San Pedro St

Los Angeles, California90003

Square Footage 2,532 SFLand Area 5,193 Sq. FeetYear Built 1949

SiteZoning LAR4Number of Buildings 1Number of Stories 2Parking Ratio 1.18/1,000 SF


Financials



Financial

Offering Summary

Price $599,000Building Size 2,532 SFLand Area 5,193 Sq. FeetNumber of Stories 2Year Built 1949Parking 1.18/1,000 SFOccupancy 0.00%

Price per Square Foot $236.57


Comparables



Sales Comparable Map


Comparables



Sales Comparables

Photos Address Sale Price Total Lot SF$/ Lot SF

9511 – 9513 S San Pedro StLos Angeles, California90003

$599,000 5,193 SF

1628 E 81st StLos Angeles, California90001

$2,735,000 44,997 SF$61

9220 Compton AveLos Angeles, California90002

$760,000 14,262 SF$53

8514-8526 S Hoover StLos Angeles, California90044

$2,050,000 18,731 SF$109

Averages $1,848,333 25,997 SF$75


Area Overview



Demographics


Investment Summary



Traffic Counts

CONFIDENTIALITY AND DISCLAIMER

The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is intended to be reviewed only by the party receiving it from Broker and should notbe made available to anyone else without the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you will hold it in the strictestconfidence, and that you will not disclose any of its contents contrary to these terms.

This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in the subject property (“Property”). The information in this Memorandumhas been obtained from sources Broker believes to be reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever including but not limitedto the accuracy or completeness of the information, veracity or accuracy of the information, condition of the Property or its compliance or lack of compliance with applicable governmentalrequirements, developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square footage of the Property and improvements, the presence orabsence of contaminating substances, PCB’s or asbestos, the compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects of any tenant or any tenant’s plans or intentions to continue occupancy of the Property. The Memorandum has selected information relating to the Property and does not purport to be an all- inclusive representation regarding the Property or to contain all or part of the information which prospective investors may require to evaluate the purchase of the Property. Additional information andan opportunity to investigate the Property will be made available to interested and qualified prospective purchasers. All information is based on assumptions relating to the general economy, marketconditions, competition and other factors beyond the control of Broker, therefore, all information is subject to material variation. The information contained herein is not a substitute for a thorough duediligence investigation. Interested parties are expected to review all information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions at any time with or without notice.The Owner shall have no legal commitment or obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any conditions to the Owner’sobligations therein have been satisfied or waived.

Exclusively Marketed By:

Peak Commercial

Amir Madani

310-919-6493

[email protected]

Lic. 02015245

9511 – 9513 S SAN PEDRO ST, LOS ANGELES 90003 · 2019. 3. 13. · 9511 – 9513 S San Pedro St,...

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