Land For Sale 5,027 SF of Land | Development Opportunity PLAYA VISTA, CA
5560 S. Centinela Avenue LAND FOR SALE 5560 S. Centinela Avenue LOS ANGELES, CA 90066
FOR MORE INFORMATION: Visit www.5560Centinela.com to access potential development renderings and other available due diligence documents.
CONTACT: T.C. MACKER, CCIM JENNIFER MOSCOSO 310.966.4352 310.966.4397 [email protected] [email protected] DRE# 01232033 DRE# 020144716
WESTMAC Commercial Brokerage Company 1515 S. Sepulveda Boulevard, Los Angeles, CA 90025 www.westmac.com Company DRE# 01096973
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5560 S. Centinela Avenue | Playa Vista, CA 2 Offering Memorandum 3 PROPERTY INFORMATION ADDRESS 5560 S. Centinela Avenue, Los Angeles, CA 90066 (Located just west of Jefferson Boulevard) ASKING PRICE $2,950,000 ($587/SF on land) LAND SIZE Approximately 5,027 square feet ZONING LA-C2-1 CURRENT USE Land APN(S) 4220-007-003, 4220-007-004 POTENTIAL Assuming a “By Right Development” then 1.5 FAR = 7,539 Gross DEVELOPMENT Square Feet is possible. The Seller plans were for a proposed three (3) story Office Building with 5,100 square feet of Office and Lobby, and an additional 3,180 square feet for a Parking Garage, Trash and Recycle.
ALLEY CENTINELA AVENUE
ALLEY
CONCEPTUAL RENDERING N
Disclaimer: Property is not entitled. Buyer shall complete its own due diligence with the City of Los Angeles for its proposed development.
5560 S. Centinela Avenue | Playa Vista, CA 4 Offering Memorandum 5 PARCEL MAP
N RANDALL STREET
JUNIETTE STREET
25
3 25
288 4
25 289 100.54
25 CENTINELA AVENUE
JEFFERSON BOULEVARD
5560 S. Centinela Avenue | Playa Vista, CA 6 RANDALL STREET 5,027 SF OF AVAILABLE LAND
JUNIETTE STREET
CENTINELA AVENUE
JEFFERSON BOULEVARD
Offering Memorandum 7 PROPERTY HIGHLIGHTS • Corner location with alley access. • Next to long-standing High-Volume Starbucks (+13 years operating at site). • Located near the Hard Corner, High Traffic Intersection of Jefferson Boulevard and Centinela Avenue. • Lot is zoned C2-1 allowing for retail, office building, churches, broadcasting studios, garages, parking, car sales, among others. • Silicon Beach/Playa Vista location – home to Google, Yahoo, YouTube, Facebook, Microsoft to name a few (500+ Tech Companies). • Across the street from major tech and media campuses - The Brickyard, The Bluffs, Runway, Hercules and many more. • Excellent area demographics Average Household incomes of more than $146,000 within a 1-mile radius. • Close proximity to Loyola Marymount University campus, LAX airport and the beach.
5560 S. Centinela Avenue | Playa Vista, CA 8 RENDERINGS OF POSSIBLE DEVELOPMENT Assuming a “By Right Development” then 1.5 FAR = 7,539 Gross Square Feet is possible. The Seller plans were for a proposed three (3) story Office Building with 5,100 square feet of Office and Lobby, and an additional 3,180 square feet for a Parking Garage, Trash and Recycle. The following are artist renderings from these plans. You can access additional potenital development information in our due diligence vault. For access, visit www.5560centinela.com.
Offering Memorandum 9 RENDERINGS OF POSSIBLE DEVELOPMENT - EXTERIOR
5560 S. Centinela Avenue | Playa Vista, CA 10 RENDERINGS OF POSSIBLE DEVELOPMENT - INTERIOR
Offering Memorandum 11 AERIAL PHOTOS
5560 S. Centinela Avenue | Playa Vista, CA 12 Offering Memorandum 13 SHOPS @ CONCERT PARK PLAYA DEL REY RUNWAY PLAYA VISTA 5560 S. Centinela Avenue
HERCULES CAMPUS HERCULES CAMPUS
THE BRICKYARD I|O AT PLAYA VISTA BLUFFS @ PLAYA VISTA
HERCULES CAMPUS
CENTRAL PARK THE COLLECTIVE HERCULES CAMPUS HERCULES I|O @ PLAYA VISTA @ PLAYA I|O THE CAMPUS THE BLUFFS @ PLAYA VISTA @ PLAYA BLUFFS THE COLLECTIVE THE SHOPS @ CONCERT PARK @ CONCERT SHOPS RUNWAY PLAYA VISTA PLAYA RUNWAY THE BRICKYARD THE BULL & BUTTERFLY
5560 S. Centinela Avenue | Playa Vista, CA 14 SANTA MONICA MARINA DEL REY VENICE BEACH 5560 S. Centinela Avenue
THE CAMPUS
STEVE SOBOROFF COURT PARK AREA MAP PLAYA VISTA | SILICON BEACH
Offering Memorandum 15 AREA HIGHLIGHTS 5560Centinela S. Avenue for about40,000. in Playa Vista, making the community ahometown and community center. Another 25,000 peoplework K-5 spa anda resort public school,library acity expectations with beautiful neighborhood parks, a are occupied. The community fulfills residents’ andsinglecondominiums, family apartments homes have apopulation of13,000 as ahostofnew Currently at 7,000residents, Playa Vista will soon Playa Vista home. are ajustfew giantswhocall ofthe many industry Facebook, YouTube, Google, Microsoft, andBelkin Beach. Silicon Beach isthe land of tech empires – Monica and Venice, has become known as Silicon and,media andentertainment along with Santa a choice address for businesses intechnology, and retail components. The community has become planned community with residential, commercial, who filmed iconic films such as Avatar, Titanic, Transformers, and Iron Man. The began area development in 2002 as a construction of the Hughes H-4 Hercules aircraft. Goose” “Spruce The mid-nineties brought the movie studios to Playa Vista, of Playa Vista, the area ofHughes was Aircraft the headquarters Company from 1941to 1985,andwas the site ofthe Playa Vista isaneighborhood located inthe Westside Prior to the development ofLos Angeles, California, ofLAX. north Campus, andCaruso’s Waterside shopping center inMarina. Avenue isdirectly across the street from new larger developments area andnear amenities including the Runway, the Playa Vista isoneofthe mostdesirable submarkets andahotbed inthe country for creative andtech tenants. 5560Centinela |
Playa Vista, CA PLAYA VISTA 16 DEMOGRAPHICS
POPULATION (2021) 1-MILE 3-MILE 5-MILE
Total Population: 10,259 107,676 258,305
Annual Growth 2010-2021 2.4% 0.9% 0.5%
HOUSEHOLD (2021) 1-MILE 3-MILE 5-MILE
Median HH Income: $111,810 $98,851 $84,775
Average HH Income: $146,464 $128,306 $114,852
BUSINESS (2021) 1-MILE 3-MILE 5-MILE
# of Businesses: 1,410 13,121 34,131
Total Consumer Spending: $419,857,541 $3,994,986,958 $8,998,393,890
Offering Memorandum 17 LOS ANGELES LOCATION MAP
5560 S. Centinela Avenue
PACIFIC OCEAN
N
5560 S. Centinela Avenue | Playa Vista, CA 18 DISCLAIMER
This offering has been prepared solely for informational purposes. While the information contained herein is from sources deemed reliable, it has not been independently verified by WESTMAC Commercial Brokerage Company or by the Seller.
This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
Offering Memorandum 19 Land For Sale
CONTACT: T.C. MACKER, CCIM JENNIFER MOSCOSO 5560 S. Centinela Avenue 310.966.4352 310.966.4397 [email protected] [email protected] DRE# 01232033 DRE# 020144716
WESTMAC Commercial Brokerage Company 1515 S. Sepulveda Boulevard, Los Angeles, CA 90025 www.westmac.com Company DRE# 01096973