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New Hybrid Industrial Zoning OFFERING MEMORANDUM 3373 ROBERTSON BLVD NEW HYBRID & 3382 ROBERTSON PL LOS ANGELES, CA 90034 INDUSTRIAL ZONING RESIDENTIAL/INDUSTRIAL LIVE/WORK/CREATIVE OFFICE SBA 90% FINANCING NO PAYMENT 6 MONTHS INVESTMENT SUMMARY INVESTMENT SUMMARY EXECUTIVE OVERVIEW Hudson Partners is pleased to exclusively present 3373 S. Rob- LISTING PRICE $1,450,000 CONSTRUCTION TYPE Concrete Block/Wood-Frame ertson Blvd. This unique property represents a rare opportunity to acquire a multifaceted asset within walking distance to the Ivy Sta- ROOF Rolled Composition/Gable Roof tion redevelopment project, among other exciting developments BUILDING SIZE 1,767 SF changing the Real Estate Marketplace in Culver City. FOUNDATION Concrete Industrial/SFR Raised RESIDENTIAL 744 SF Boasting 1,767 Square feet across two separate structures, 3373 CEILING HEIGHT 8'5" SFR / 10'4" Industrial S. Robertson is ideal for an owner/user or live/work opportunity. With highly-leveraged SBA financing, this asset can accommo- INDUSTRIAL 1,023 SF PARKING 3 Surface Spaces date a user looking to occupy at least 51% of the property. The new Hybrid Zoning also provides potential retail and live work RESIDENTIAL BD/BTH 2 Bedroom + 1 Bath PARCEL AREA 3,546.9 SF possibilities beyond its current uses. OCCUPANCY Vacant The residential structure, located on the Robertson Blvd side of the APN 4312-012-004 parcel, was previously leased as Creative Office space. It features 50 Ft on Robertson Blvd & FRONTAGE two bedrooms, both roughly the size of small offices, a reception 70 Ft on Robertson Pl area, one bathroom, and a kitchen/break room area. In addition, PROPERTY TYPE SFR/Industrial/Creative Office there is a courtyard space between the two structures, giving the building some common open space. YEAR BUILT 1922 SFR | 1954 Industrial Additionally, the Industrial-style structure in rear portion of the lot has excellent potential to be converted into creative office space. FAR 0.49 Investors may benefit from converting or utilizing the existing footprint of the building and marketing the space to companies ZONING NI(EC) seeking price relief from Silicone Beach. This property's access to upscale amenities such as walking distance National Credit res- HIGHLIGHTS taurant and retail tenants as well as easy access to freeways/ • High Exposure Corner (Robertson Blvd. & Robertson Place) LOT DIMENSIONS Irregular Shape transportation will be attractive to newly-minted Westside Tech • Adjacent to Ivy Station Mega-Development Companies/Start ups. Additionally, the property's proximity to • Close to Silicone Beach Tenant-Base companies like Google and Apple, just across the street, present HIGHWAY ACCESS I-10 & I-405 • Diversified Product; Residential/Industrial an potentially synergistic opportunity, expanding the space's po- • Just Off Culver City Retail Corridor tential tenant base. • Near Projected Tech/Content Creation Hubs 2 3373 ROBERTSON BLVD. & 3382 ROBERTSON PL. | LOS ANGELES, CA 90034 HUDSON COMMERCIAL PARTNERS, INC. 3 PROPERTY OVERVIEW ROBERTSON BLVD LOCATION PARKING BUILT 3373 Robertson Blvd. & Provides 3 spaces which equates to 1.70 Built in 1922 the single family residence 3382 Robertson Pl. spaces per 1,000 SF parking ratio. being used as creative office. Built in 1954 Los Angeles, CA 90034 industrial building.. SITE Located on the corner of Robertson Blvd and Robertson Pl in the city of Culver City, CA. DISTANCE TO TRANSIT ZONING Metro Expo Line............................0.2 miles Per the county of Los Angeles, the subject 33 Metro Local Line.......................0.1 miles site was recently changed to NI(EC) zon- LAND AREA 733 Metro Rapid Line....................0.1 miles ing which is a hybrid industrial zoning al- 16 Metro Local Line.......................0.1 miles low live work units and other commercial The property consists of 1 parcel (APN 17 Culver City Sta-UCLA..............0.2 miles uses. #4312-012-004) totaling 3,546.9 SF of CC 7 Culver Blvd..........................0.2 miles land area. ROBERTSON PL CC 1 Washington Blvd.................0.2 miles BUILDING AREA PARCEL MAP The subject consists of 2 buildings totaling 1,767 SF of net rentable area. FRONTAGE & ACCESS The site features 50 linear feet of frontage along Robertson Blvd and 70 linear feet of frontage on Robertson Pl. Access points into the buildings include 1entrance off Robertson Blvd and 1 en- trance off Robertson Pl. 4 3373 ROBERTSON BLVD. & 3382 ROBERTSON PL. | LOS ANGELES, CA 90034 HUDSON COMMERCIAL PARTNERS, INC. 5 ZIMAS MAP ‒ NEW ZONING OFFERING SUMMARY PRICE $1,450,000 ADDRESS 1,767 SF GROSS LAND AREA 744 SF IMPROVEMENTS 1,023 SF APN 3,546.9 SF Hybrid ENTITLEMENTS 4312-012-004 Industrial AVAILABLE REPORTS SFR/Industrial/Creative Office LAND USE 96 Foot CURRENT SPECIFIC PLAN & ZONING Height Limit LAND USE Light Industrial Hybrid Industrial PLANNING ZONING M1 New Industry HEIGHT Height District 1 96 Feet/7 Stories FAR 1.5:1 2.5:1 or 4.0:1 6 3373 ROBERTSON BLVD. & 3382 ROBERTSON PL. | LOS ANGELES, CA 90034 HUDSON COMMERCIAL PARTNERS, INC. 7 EXPOSITION CORRIDOR TRANSIT NEIGHBORHOOD PLAN ‒ NEW INDUSTRY ZONE (NI) EXPOSITION LINE ‒NOTABLE AREA PROJECTS LOS ANGELES METRO ‒ LIGHT RAIL SYSTEM SUMMARY OF USES & DEVELOPMENT STANDARDS LA's World Class Metro Light Rail system features 93 stations and over 98.5 The New Industry zone is an employment zone with uses tailored to 21st century and SUBJECT PROPERTY miles of rail. Los Angeles county voter-approved Measure M provides an creative industries such as digital technology, R&D, media, design, publishing, motion estimated $860 million per year over the next 40 years to expand the metro picture, and broadcasting. Supporting uses associated with these industries, such as 3373 ROBERTSON BLVD rail systems and ease traffic congestion through a wide range of projects. Los light manufacturing, assembly, and limited retail or restaurants, are also appropriate. 3382 ROBERTSON PL Angeles city voter-approved Transit Oriented Communities Affordable Housing Incentive Program (aka "TOC") creates incentives for all housing developments within one-half mile radius of a major transit stop. The property is adjacent to • Live/Work (50%) the Expo Line which features 19 stations connective Downtown LA to Santa • Office Monica. In 2019, the opening of the Crenshaw/LAX metro line will connect • Research and Development the Los Angeles Stadium and LAX to the light rail system, further solidifying the • Restaurants, bars, Retail & benefits of riding metro. Personal Services (20%) SUMMARY OF PERMITTED • Commercial Hotels USES (PARTIAL LIST) EXPOSITION CORRIDOR TRANSIT • Light Manufacturing & NEIGHBORHOOD PLAN Assembly The property is located in sub-area 21 of the Exposition Corridor Transit • Publishing, Motion Picture, Neighborhood Plan (aka"ECTNP") approved by the Los Angeles City Council Broadcasting on July 31, 2018. As of September 2018, the planning department reports that the final plan is under legal compliance review by city attorneys and would • Repair and Maintenance likely take effect in it's present form on or before early 2019. DEVELOPMENT STANDARDS STATION DEVELOPMENT DEVELOPER STATUS IMPROVEMENTS UNITS SQ. FT. Upon implementation of ECTNP the property's land use and zoning will change from Light Industrial/M1 to Hybrid Industrial/New Industry respectively. BASE BONUS La Cienega/ Cumulus Carmel Partners Under Construction Multi-Family, Office & Retail 1,200 1,900,000 FAR 2.5:1 4.0:1 Jefferson HEIGHT 96 Feet 5 Feet Ive Station Lowe Under Construction Office, Retail & Hotel 200 500,000 NOTES: 8777 Washington Clarion Partners Under Construction Apple & Retail ‒ 133,000 1. If a permitted use is limited by the plan the stated percentage represents the maximum percent of floor area for that use. Platform Runyon Completed 2016 Office, Retail & Dining ‒ 80,000 SUBJECT 2. Projects with Total FAR greater than 2.5:1 may dedicate a maximum of 50% of total floor PROPERTY area to Live/Work Units. Culvery City 3. Projects are allowed Bonus FAR in exchange for providing Public Benefits as defined in Synapse Runyon Under Construction Office & Retail ‒ 92,000 Section 3 of the plan. - For instance, commercial projects (defined as 70% or more non-residential) are required Access Greystar Completed 2016 Multi-Family & Retail 115 108,000 to provide Vehicle Trip Reduction as a Public Benefit. 4. Height bonus applied to ground floor only. Hackman Capital 5. This is not intended to be an "all-inclusive" list of development standards, requirements and Culver Steps Under Construction Amazon & Retail ‒ 110,000 restrictions. Please refer to the ECTNP for detailed information. Partners Expo/ For more information on the Expo Corridor Transit Neighborhood Plan, or to read a draft plan go to: Linea Carmel Partners Under Construction Multi-Family & Retail 595 526,000 http://www.latnp.org/expo-line/expo-draft-plan/. Sepulveda 8 3373 ROBERTSON BLVD. & 3382 ROBERTSON PL. | LOS ANGELES, CA 90034 HUDSON COMMERCIAL PARTNERS, INC. 9 SFR or CREATIVE OFFICE 10 3373 ROBERTSON BLVD. & 3382 ROBERTSON PL. | LOS ANGELES, CA 90034 SFR/CREATIVE OFFICE INTERIOR HUDSON COMMERCIAL PARTNERS, INC. 11 INDUSTRIAL BLG. 1,023 SF 12 3373 ROBERTSON BLVD. & 3382 ROBERTSON PL. | LOS ANGELES, CA 90034 INDUSTRIAL INTERIOR/COMMON AREA HUDSON COMMERCIAL PARTNERS, INC. 13 SNAPSHOT: WEST LOS ANGELES West Los Angeles is in Los Angeles County and is one of the best places to live in California. Living in West Los Angeles offers residents an urban feel and most residents rent their homes. In West Los Angeles there are a lot of bars, restaurants, coffee shops, and parks. Many young professionals live HIGH DENSITY, WEST LOS in West Los Angeles and residents tend to be liberal. The public schools in West Los Angeles are ANGELES DEMOGRAPHICS above average. • More than 206,636 people within a 5-mile NEIGHBORHOOD CITY REGION COUNTY METRO radius. West Los Los Los Los Los Angeles Angeles Angeles Angeles Angeles • More than 103,388 employees with an Average Household Income exceeding $74,655 DEMOGRAPHICS WEST LOS ANGELES UNITED STATES • More than 87,500 households with an Average PROPERTY VALUE MEDIAN $74,655 Property Value exceeding $945,500 LOS ANGELES COUNTY The County of Los Angeles holds many disticntions.
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