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Qualified Opportunity Zoned-C2-Tier 4 Site for Sale

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Qualified Opportunity Zoned-C2-Tier 4 Site for Sale FOR SALE QUALIFIED OPPORTUNITY ZONED-C2-TIER 4 SITE FOR SALE LOS ANGELES, CA 90043 MARK ZAKARIAN CCIM | [email protected] | O: 213.221.1242 | C: 818.468.1377 EXECUTIVE SUMMARY OFFERING SUMMARY PROPERTY OVERVIEW We are pleased to present a site located on only 500 feet west of the iconic intersection of West Sale Price: Subject To Offer Slauson and Crenshaw Blvd. The intersection was recently renamed after the late rapper, activist, 3475 W. Slauson Ave; and entrepreneur, Nipsey Hussle. Address: 5752 Brynhurst Ave; 5748 Brynhurst Ave The sale consists of 3 contiguous parcels zoned C2-1VL with TOC Tier 4 designation. The site is APN(s): 5006-003-013;014;015 located in the Qualified opportunity Zone and is located in the heart of Detestation Crenshaw, an open air museum celebrating the identity of the community. Steps to the incoming, Crenshaw Lot Size: 21,000 SF Metro Line, Hyde Park Metro Station which connects to the LAX people mover. Zoning: LAC2 Call broker for pricing, terms and co-op broker compensation information. TOC Tier: 4 -----------------------------------------------Seller Financing Available------------------------------------------------- Number Of Units Allowed: 95 ***PLEASE DO NOT DISTURB TENANTS. Buyer to perform its own investigations regarding zoning and number of buildable units. Neither Agents, Brokers, or Owners make any representations Qualified Opportunity Zone: Yes regarding the information presented herein. *** 3475 W SLAUSON AVE; 5748-52 BRYNHURST AVE. 2 LOS ANGELES, CA 90043 ADDITIONAL PHOTOS 3475 W SLAUSON AVE; 5748-52 BRYNHURST AVE. 3 LOS ANGELES, CA 90043 2019 CRENSHAW LAX METRO LINE The Hyde Park (formerly Crenshaw/Slauson) station is the only street-level station along the Cren- shaw/LAX Line. The platform will be located in the center median of the street just south of the Crenshaw Boulevard/Slauson Avenue intersection. The largest shopping center in the area, the Crenshaw Plaza Shopping Center, is located at the south east corner of the intersection, and is anchored by a supermarket, drug store, restaurants, and other neighborhood-serving retail establishments. The Crenshaw Line will extend south from the Metro Exposition Line at Crenshaw and Exposition boulevards and connect with the Green Line in the South Bay. According to a map on the Metro website, the first, second and third stops on the Crenshaw Line will be located in Baldwin Village/Crenshaw, Leimert Park and Hyde Park. in those three neighborhoods, near Crenshaw Boulevard south of I-10, median home values have exceeded the 29.5 percent growth that Los Angeles County as a whole has seen during the same period. COMPLETE HIGHLIGHTS THE METRO CRENSHAW/LAX LINE WILL EXTEND FROM THE EXISTING METRO EXPOSITION LINE AT CRENSHAW AND EXPOSITION BOULEVARDS. THE LINE WILL TRAVEL 8.5 MILES TO THE METRO GREEN LINE AND WILL SERVE THE CITIES OF LOS ANGELES, INGLEWOOD AND EL SEGUNDO; AND PORTIONS OF UNINCORPORATED LOS ANGELES COUNTY. THE NEW METRO RAIL EXTENSION WILL OFFER AN ALTERNATIVE TRANSPORTATION OPTION TO CONGESTED ROADWAYS AND PROVIDE SIGNIFICANT ENVIRONMENTAL BENEFITS, ECONOMIC DEVELOPMENT AND EMPLOYMENT OPPORTUNITIES THROUGHOUT LOS ANGELES COUNTY. RIDERS WILL BE ABLE TO MAKE EASY CONNECTIONS WITHIN THE ENTIRE METRO RAIL SYSTEM, MUNICIPAL BUS LINES AND OTHER REGIONAL TRANSPORTATION SERVICES. DESTINATION CRENSHAW IS A 1.3 MILE OUTDOOR ART AND CULTURE EXPERIENCE CELEBRATING BLACK LOS ANGELES. THIS COMMUNITY-INSPIRED PROJECT WILL USE THE ICONIC CRENSHAW BOULEVARD AS A CANVAS AND ANCHOR FOR PUBLIC ART AND STREETSCAPE DESIGN. DESTINATION CRENSHAW WILL BE BUILT FOR, BY, AND IN HONOR OF OUR COMMUNITY, AND WILL CELEBRATE THE HISTORICAL AND CONTEMPORARY CONTRIBUTIONS OF BLACK L.A. AND THE CRENSHAW COMMUNITY—THE LARGEST BLACK COMMUNITY WEST OF THE MISSISSIPPI RIVER. RENDERINGS REVEALED SHOW A NEW COMMUNITY AMPHITHEATER WITH AN ELEVATED OVERLOOK WITH VIEWS OF THE DOWNTOWN SKYLINE, THE HOLLYWOOD SIGN, AND THE ENTIRE DESTINATION CRENSHAW PROJECT. THE RENDERINGS ALSO SHOW OFF A POTENTIAL TREATMENT OF THE WORLD FAMOUS “CRENSHAWWALL,” ALSO CALLED “OURMIGHTY CONTRIBUTION.” THE WALL, A MAJOR COMPONENT OF DESTINATION CRENSHAW, WILL ALSO BE OPPOSITE ONE OF THE 11 NEW POCKET PARKS AND PARKLETS BUILT TO HOUSE HUNDREDS OF ART OPPORTUNITIES. LANDSCAPING ALONG THE BOULEVARD BY STUDIO MLA WILL INCLUDE HUNDREDS OF NEW TREES AND ADDITIONAL STREETSCAPING. UNLIKE TRADITIONAL MUSEUMS, DESTINATION CRENSHAW WON’T BE BOUND BY WALLS OR CEILINGS. THE OPEN-AIR, PUBLIC ART AND CULTURAL EXPERIENCE WILL FEATURE ARCHITECTURAL DESIGNS THAT CAPTURE THE INNOVATIVE AND TRAILBLAZING SPIRIT OF BLACK L.A. 3475 W SLAUSON AVE; 5748-52 BRYNHURST AVE. 5 LOS ANGELES, CA 90043 RETAILER MAP 3475 W SLAUSON AVE; 5748-52 BRYNHURST AVE. 6 LOS ANGELES, CA 90043 AERIAL MAPS 3475 W SLAUSON AVE; 5748-52 BRYNHURST AVE. 7 LOS ANGELES, CA 90043 DEMOGRAPHICS MAP & REPORT POPULATION 1 MILE 2 MILES 3 MILES Total population 35,624 132,543 332,127 Median age 35.3 36.4 34.8 Median age (Male) 30.9 32.4 32.0 Median age (Female) 39.5 39.4 37.2 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 12,751 49,546 118,156 # of persons per HH 2.8 2.7 2.8 Average HH income $55,551 $54,938 $54,116 Average house value $454,005 $443,066 $445,375 * Demographic data derived from 2010 US Census 3475 W SLAUSON AVE; 5748-52 BRYNHURST AVE. 8 LOS ANGELES, CA 90043.
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