Crenshaw Boulevard Los Angeles, Ca 90008

HIGHLY VISIBLE RETAIL RESTAURANT 4287 FOR SALE COMMERCIAL PROPERTY CRENSHAW BOULEVARD LOS ANGELES, CA 90008

SUBJECT PROPERTY

Back Alley

Homeland Drive

Crenshaw Boulevard

CONTACT: GEORGE CRAWFORD Senior Associate Lic. #01962453 CHARLES DUNN COMPANY, INC. 835 Wilshire Boulevard, Los Angeles, CADirect 90017 | 213..534.3234 1 800 West Sixth Street, Suite 800 | Los Angeles, CA 90017 | Lic. #01201641 | charlesdunn.com [email protected] PROPERTY OVERVIEW

PROPERTY ATTRIBUTES WALK SCORE • Located on rapidly developing Crenshaw Boulevard corridor 90 • 600 feet from new Leimert Park Metro Station • Restaurant space with grease trap Back Alley • Highly visible retail location on major thoroughfare • High daily traffic - 43,641 cars per day*

• Great Walk Score (90) = Walkers Paradise. This means residents can Homeland Drive access the address without a car. Walk Score is a private company that

measures the walkability of an address on a scale from 0 to 100.* Exceeding 43,641 Crenshaw Boulevard • One non-compliant residential dwelling constructed above the garage in Cars Per Day the rear of the property (buyer to confirm)

PROPERTY INFORMATION 4287 Crenshaw Boulevard ADDRESS Los Angeles, California, 90008 SALE PRICE $380,000 APN 5024-007-008 YEAR BUILT 1931 BUILDING AREA 1,600 SF LAND AREA 2,200 SF ZONING LAC1.5 CURRENT USE Retail Restaurant

*Source: Costar and Walk Score ©

www.charlesdunn.com 4287 Crenshaw Boulevard | Los Angeles, CA 90008 | 2 PROPERTY PHOTOS

www.charlesdunn.com 4287 Crenshaw Boulevard | Los Angeles, CA 90008 | 3

NEIGHBORING RETAILERS Crenshaw Blvd. Crenshaw

MLK Blvd. Baldwin Hills

Leimert Park

Expo Line/Crenshaw Line Martin Luther King Station

Subject Property

View Park Stocker Street Crenshaw Blvd.Expo Line/Crenshaw Line Leimert Park Station

www.charlesdunn.com 4287 Crenshaw Boulevard | Los Angeles, CA 90008 | 4 AREA DEVELOPMENT

PROPOSED & UNDER CONSTRUCTION

PROPERTY PROPERTY ADDRESS TYPE SIZE (SF) 1 4314 W Adams Blvd Class A Multifamily/Apartments 60,000 2 2 4347 W Adams Blvd Class A Multifamily/Apartments 55,000 1 11 5 3 6336 Brynhurst Ave Class B Multifamily/Apartments 15,370 4 4018 Buckingham Rd Class A Multifamily/Apartments 140,000 6 5 2645 Crenshaw Blvd Class A Multifamily/Apartments 80,000 16 6 3411-3429 Crenshaw Blvd Class A Multifamily/Apartments 55,000 12 8 7 3562-3670 Crenshaw Blvd Retail 306,852 4 8 3690 Crenshaw Blvd Class A Multifamily/Apartments 160,000 10 9 5414 S Crenshaw Blvd Class A Multifamily/Apartments 75,000 18 10 Marlton Ave & Santa Rosalia Dr Kaiser Medical Offices 100,000 7 11 4220 Mont Clair St Class A Multifamily/Apartments 40,000 14 12 3444 Rodeo Rd Class A Multifamily/Apartments 225,000 13 4617 W Slauson Ave Retail/Restaurant 3,520 14 3831 W Stocker St Class A Multifamily/Apartments 74,000 9 17 15 6558-6572 West Blvd Specialty/Shelter 45,305 13 16 3661-3664 Western Ave Class A Multifamily/Apartments 29,780 17 5407 S Western Ave Retail/Storefront 12,460 3 18 Stocker St. & Crenshaw Blvd. Baldwin Hills Crenshaw Plaza Redevelopment 2,000,000 15

www.charlesdunn.com 4287 Crenshaw Boulevard | Los Angeles, CA 90008 | 5 AREA DEVELOPMENT

BALDWIN HILLS 24-HOUR COMMUNITY // LA.CURBED.COM Once the Crenshaw Line light rail project is done in 2019, it’ll have a portal directly into the Baldwin Hills Crenshaw Plaza, and to meet it the BHCP is planning a huge and dramatic overhaul to make the 43-acre site into a round-the-clock community. Mall owners are envisioning a bold remake that would add two million square feet of new retail and hotel space, plus offices, condos, and apartments on nearly every spare inch of the site that’s not yet occupied with a soon-to-be-rehabbed mall, reports Building LA.

Developers/mall-owners Capri Capital Partners are planning a separate “pedestrian- oriented retail village” where Stocker Street meets Crenshaw; it would have a collection of one- and two-story restaurants and stores grouped around a wide pedestrian paseo that would connect shoppers to the mall. The area would be liberally landscaped; from the renderings, it looks so similar to a Grove-like shopping center that you can almost hear the piped-in music. Though there are definitely pedestrian-friendly elements at work here, don’t fret, drivers: there will also be plenty of parking. Despite new subway access right at its front door, at MLK Jr. Boulevard and Crenshaw, there will be 7,000 parking spots split between the two sections of the site. The office space would be on the other end of the property, where Marlton and Crenshaw meet Thirty-Ninth Street. Currently the location of a grocery store and At Santa Rosalia and Stocker, the plan is to put up a 12-story hotel tower with 400 pharmacy, the office building would be 14 stories tall and have an underground rooms. The hotel’s plaza floor would match up with the retail village and would allow for a parking garage. smooth connection between the two. The hotel would be a fairly standard-looking glassy rectangle with a blade of glass at each floor extending the length of the building.The A lot of what’s left of the space after that would be devoted to housing, both hotel would also have a 74-car parking lot next to it, on the west side. apartments and condos. Of the 961 total units, 550 would be condos and 461 would be one- and two-bedroom apartments. The condos would be over on the Santa Rosalia side of the site, in two five-story buildings next to two 50-foot-tall parking structures.

The apartments would be in what looks like a trio of seven-story buildings on the Marlton and Thirty-Ninth Street side of the project. All three would have groundfloor retail and one level of above-ground parking. Developers would like to attract a big market (85,000 square feet) to replace the one being taken out by the proposed office tower. The timeline for this massive undertaking hasn’t been firmed up yet and depends, of course, on securing funding. Regardless, it’s now estimated that all the work will be done by 2020.

www.charlesdunn.com 4287 Crenshaw Boulevard | Los Angeles, CA 90008 | 6 VISTA DEL ATWATER MULHOLLAND VALLE GRIFFITH PARK DR MT MULHOLLAND VILLAGE 101 HOLLYWOOD LOS FELI Z BL CYN COMMONWEALTHCANYON GLENDALE COMMONWEALTH

WILLOW WESTERN LOS GLEN FELIZ BEACHWOOD GLENDALE

LOS FELIZ BL HOLLYWOOD GOLDEN STATE FWY LOS FELIZ BL ROWENA CANYON HILLS NICHOLS TRACY Hollywood/ ST. GEORGE Highland HILLHURST PUBLIC TRANSPORTATION GARFIELD FRANKLIN HOLLYWOOD BL HOLLYWOOD BL

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PARK BL PARK

W SILVER W TALMADGE BENEDICT SUNSET HOLLYWOOD

VINE BEVERLY GLEN GRIFFITH

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CANYON LA BREA SILVER SILVER LAKE BL SEPULVEDA BL 2 LAKE SANTA MONICA BL Crenshaw/LAX Transit Project WEST HOLLYWOOD

GLENDALE BL BEL AIR MELROSE CRENSHAW-LAX TRANSIT PROJECT 101

Existing Metro Rail & Station Línea y estación de LA BREA LA Metro existenteFAIRFAX SILVER LAKE BL SUNSET Vermont/ HANCOCK Beverly The Metro Crenshaw/LAX Line will extend from the existing Metro Exposition Line BEVERLY TEMPLE 2 Metro Silver Line & Station Metro Silver Line y estación SUNSET PARK BEVERLY BL BURTON 101 MONTANA UCLA Purple Line Extension Extensión de Purple Line at Crenshaw and Exposition Boulevards. The Line will travel 8.5 miles to the Metro WILSHIRE GLENDALE BL HILGARD (under construction)WILSHIRE (bajo construcción) SEPULVEDA BL 3RD CENTER

CHURCH Purple Line Extension Extensión de Purple LinePARK 3RD ALVARADO HIGHLAND Green Line and will serve the cities of Los Angeles, Inglewood and El Segundo, (approved alignment) (alineamiento aprobado)LA BREA ROSSMORE Wilshire/ BEVERLY 6TH Normandie RAMPART Exposition Transit Corridor Corredor de Transporte and portions of unincorporated Los Angeles County. The new Metro Rail extension Phase 2 (under construction) HILLS Exposition fase 2 6TH WILSHIRE SANTA MONICA BL OLYMPIC (bajo construcción) BUNDY WESTWOOD Harbor Subdivision Wilshire/ 6TH Harbor Subdivision OLYMPIC 8TH Wilshire/ CENTURY HAUSER Western will offer an alternative transportation option to congested roadways and provide 8TH PICO Vermont WILTON

BEVERLY DR Westlake/ Crenshaw/LAXCITY Transit Corridor SAN VICENTE (under construction) Corredor de Transporte Crenshaw/LAX MacArthur RIMPAU significant environmental benefits, economic development and employment WESTWOOD (bajo construcción) Park CRENSHAW KOREATOWN VETERAN Light Rail (LRT) SEPULVEDA BL Alignment & Station Estación y alineamiento PICO WEST WER de trenFAIRFAX ligero (LRT) O

opportunities throughout Los Angeles County. Riders will be able to make easy LA CIENEGA SAWTELLE At-Grade LRT LOS ANGELES FL LRT a nivel de la calle VENICE 11TH WEST SANTA MONICA BL ROBERTSON VENICE Below Grade LRT FIGUEROA12TH connections within the entire Metro Rail system, municipal bus lines and other CADILLAC LRT debajo de nivel BL CHEVIOT VD LOS ANGELES WASHINGTON BARRINGTON Aerial LRT W HILLS LRT a nivel elevado MID-CITY 10 AD BUNDY WASHINGTON REDONDO regional transportation services. Maintenance Yard Site BRO STEWART Sitio de mantenimiento SANTA MONICA FWY 23RD Parking HILL SANTA MONICA BL ADAMS WASHING Culver Estacionamiento 23rd St City La Cienega/ WEST OLYMPIC SubjectPALMS to Change 16-020814-0207 ©20152013 LALACCMTAMTA

Jefferson Expo/ HOOVER

WESTERN NORMANDIE VERMONT 23RD La Brea Expo/ MAIN The Crenshaw/LAX Transit Project will serve the Crenshaw District, Inglewood,SANTA MONICA FWY 37th St/ NATIONAL Crenshaw JEFFERSON USC BROADWAY Expo/ PICO EXPOSITION INGLEWOOD Expo/Western Westchester and surrounding area with eight stations at: Farmdale Vermont PALMS BL MARTIN LUTHER KING JR BL Jefferson/ 18TH SAN PEDRO ST OCEAN PARK CENTINELA CULVER CITY USC 17TH LEIMERT Expo JEFFERSON PARK Park/ OCEAN USC AIRPORT Martin Luther BARRINGTON PARK OVERLAND 1. Expo/Crenshaw BALDWIN King Jr MARTIN LUTHER KING JR BL LINCOLN HILLS BEETHOVEN 405 MAIN 2. Martin Luther King Jr. ROSE LEIMERT VERNON AV WALGROVE LA BREA LA CIENEGA STOCKER Leimert SUBJECT ParkVERNON 3. Leimert Park SEPULVEDA PROPERTY VENICE STOCKER 48TH 110

OVERHILL 4. Hyde Park WASHINGTON BL CULVER LADERA VISTA SAWTELLE 54TH ABBOT INGLEWOOD HEIGHTS ANGELES ARLINGTON CALIFORNIA

WASHINGTON BL CRENSHAW 54TH

5. Fairview Heights SAN PEDRO ST SLAUSON KINNEY SLAUSON 90 SLAUSON BUCKLER HYDE ADMIRALTY Hyde Park 60TH Slauson PACIFIC 6. Downtown Inglewood 60TH 60TH PARK

GAGE BL AVALON GAGE LA BREA LA WEST 7. Westchester/Veterans MARINA FWY FAIRVIEW FAIRVIEW MARINA SOUTHWEST CENTINELA FLORENCE VIA MARINA DEL 8. Aviation/Century JEFFERSON INGLEWOOD HYDE PARK FLORENCE

REY FIJI A E

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VAN NESS VAN VERMONT BROADWAY WESTERN NORMANDIE HOOVER MAIN SAN PEDRO ST In addition to the alternative transportation option to congested roadways, the Downtown 8TH FIGUEROA 1 Inglewood FLORENCE MANCHESTER project will also provide significant environmental benefits, economic development BREA LA MANCHESTER Westchester/ MANCHESTER

Veterans MARKET Manchester

and employment opportunities throughout Los Angeles County. HILLCREST 90TH PRAIRIE

1 MCKINLEY WESTCHESTER PKWY ARBOR VITAE MORNINGSIDE ARBOR VITAE COLDEN

VISTA DEL MAR PARK

AIRPORT Aviation/ The Crenshaw/LAX Project is one of 12 transit projects funded by Measure R, the Century INGLEWOOD CENTURY 103RD

half-cent sales tax approved by Los Angeles County voters in 2008. AVIATION LENNOX LAX 108TH

108TH LA CIENEGA LA SEPULVEDA SEPULVEDA Hawthorne/Lennox

Aviation/LAX IMPERIAL 105 Vermont/Athens IMPERIAL HWY Crenshaw CENTURY

NASH MAIN 105 Harbor Fwy

INGLEWOOD RAMONA HAWTHORNE Avalon Mariposa MARIPOSA 120TH 405 HAWTHORNE ATHENS 124TH

GRAND SAN PEDRO ST PEDRO SAN EL SEGUNDO EL SEGUNDO El Segundo 110

PRAIRIE YUKON

VAN NESS VAN WESTERN NORMANDIE BROADWAY MAIN EL SEGUNDO 135TH FIGUEROA 135TH 135TH Douglas GARDENA

AVALON BL AVALON ROSECRANS

STANFORD 1 ROSECRANS ROSECRANS SAN www.charlesdunn.com 4287 Crenshaw Boulevard | Los Angeles, CA 90008 | 7 PEDRO ST MARINE MARINE MARINE MARINE

HIGHLAND MANHATTAN BEACH Redondo Beach 107 LAWNDALE REDONDO BEACH

MANHATTAN BEACH

MANHATTAN BEACH BL ALONDRA ARDMORE 161ST

OSAGE HERMOSA AVIATION GARDENA BL GARDENIA

FIRMONA REDONDO BEACH BL VERMONT

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ARTESIA BL BROADWAY ARTESIA BL HARBOR FWY 91 91 DEMOGRAPHICS MAP

POPULATION 0.5 MILES 1 MILE 1.5 MILES Total population 8,118 30,811 78,338 Median age 41.9 40.8 37.6 Median age (male) 35.0 33.9 32.9 Median age (Female) 45.9 44.9 41.0

HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES Total households 3,799 13,509 31,352 # of persons per HH 2.1 2.3 2.5 Average HH income $56,430 $56,428 $53,754 Average house value $493,900 $502,366 $478,367

ETHNICITY (%) 0.5 MILES 1 MILE 1.5 MILES Hispanic 9.6% 15.0% 26.2%

RACE (%) White 3.5% 5.7% 8.9% Black 83.9% 77.5% 66.6% Asian 2.4% 3.4% 3.1% Hawaiian 0.8% 0.4% 0.2% American Indian 0.7% 0.5% 0.4% Other 6.8% 10.8% 18.7%

* Demographic data derived from 2010 US Census

www.charlesdunn.com www.charlesdunn.com 4287 4287 Crenshaw Crenshaw Boulevard, Boulevard Los Angeles, | Los Angeles, CA 90008 CA 90008 | 8 1 4287 CRENSHAW BOULEVARD LOS ANGELES, CA 90008

GEORGE CRAWFORD Senior Associate Lic. #01962453 Direct | 213.534.3234 [email protected]

CHARLES DUNN COMPANY | 800 West Sixth Street, Suite 800 | Los Angeles, CA 90017 | Lic. #01201641 | charlesdunn.com

© Charles Dunn Company, Inc. These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by the Charles Dunn Company or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations.