330 E Florence Avenue, Located in Inglewood, California, One of the Most Desirable and Rapidly Improving Neighborhoods in All of Los Angeles

330 E. FLORENCE AVENUE

For more information contact OFFERING MEMORANDUM William Yarbro Commercial Director DRE 01441649 INGLEWOOD 424.356.5244 OFFICE DRE 02035381 [email protected]. 111 NORTH LA BREA AVENUE #500 INGLEWOOD, CA 90301 TABLE OF CONTENTS 330 E. FLORENCE AVENUE

I. Investment Summary

II. Property Overview

III. Investment Highlights

IV. Inglewood Overview

V. Photos

VI. Sales Comparables

VII. Demographics

VIII. Inglewood Plaza Shopping Center

IX. Metro

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 INVESTMENT SUMMARY 330 E. FLORENCE AVENUE

Keller Williams Inglewood is pleased to ofer for sale 330 E Florence Avenue, located in Inglewood, California, one of the most desirable and rapidly improving neighborhoods in all of Los Angeles. The ofering includes an existing 2,576 square foot ofce building situated on approximately 19,522 square feet of land at the corners of Florence and Locust, directly across from the new Metro light rail stop. Located on the NEC at the signalized intersection of the Inglewood Plaza shopping center, a 86,703 square feet community center. The property is 100% vacant and was last occupied by Payless Shoes. Additionally, the site is zoned MU-1 TOD Mixed Use 1 and beneﬁts from a Transit- Oriented Development (TOD) Tier 1 designation, allowing for increased density.

The subject property will greatly beneﬁt from convenient access to the new $2.058 Billion Metro Crenshaw/LAX Transit project currently under construction and scheduled to be completed in 2020.

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 PROPERTY OVERVIEW 330 E. FLORENCE AVENUE

PRICE $4,000,000 (Land Value)

PRICE PER SQ. FT. $205 sq. ft.

BUILDING SIZE 2,576 sq. ft. Description LOT SIZE 19,522 sq. ft. The property sits on the north east corner of the PARKING 24 Free Surface Spaces Inglewood Plaza shopping center at Florence and Locust. It has a standalone building with excellent ZONING MU-1, T0D MIXED USE 1 visibility on Florence. The building has deferred USER CODE Regional: Shopping Center, Mall (w/ Anchor) maintenance and may be a tear down.

Shopping Center APN 4015-027-029 Inglewood Plaza shopping center is a 86,703 square foot community center, located at a signalized intersection, built in 1949 and renovated in 1993. There are three anchor tenants CVS Pharmacy, DD'S DISCOUNTS & O'Reilly Auto Parts. The center has 531 surface parking spaces.

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 INVESTMENT HIGHLIGHTS 330 E. FLORENCE AVENUE

Well Located Transit Oriented Development (TOD) Mixed Use 1 Site

Adjacent to Inglewood Plaza Community Shopping Center

Dense Urban Inﬁll Location

Across the street from the Downtown Inglewood stop of the Metro Crenshaw/LAX Transit Project

Walkscore Rated a “Very Walkable” 87 out 100

Owner/ User Investment Opportunity

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 INGLEWOOD OVERVIEW 330 E. FLORENCE AVENUE

This city is going through a major evolution back to an entertainment destination as a result of the new $5 Billion Soﬁ Stadium at Hollywood Park, the future Home of the LA Rams and LA Chargers, which will also feature 2,500 new residential units, a 300 room hotel, and 1.7 million square feet of new retail and ofce space. Scheduled to open this summer, the Soﬁ stadium has been a catalyst to attract development and opportunity. With an all-star lineup of events scheduled including:

2022: SUPER BOWL 2023: FCS NATIONAL TITLE GAME 2024: NCAA FINAL FOUR 2026: FIFA WORLD CUP 2027: SUPER BOWL 2028: OPENING & CLOSING CEREMONIES OF THE OLYMPICS

And right across the street from the stadium will go the new 18,000 seat Clippers arena scheduled to debut 2024.

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 PHOTOS 330 E. FLORENCE AVENUE

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 SALES COMPARABLES 330 E. FLORENCE AVENUE

ADDRESS SALES PRICE LAND SIZE PRICE/ SF LAND SALE DATE ZONING/ TOC COMMENT

3610 Stocker Street/ C1.5-1-SP/ $4,000,000 14,947 $267.61 18-Jun. Assemblage 4209 Crenshaw Blvd. Tier 4

C1.5-1-SP/ Proposed 4242 Crenshaw Blvd. $3,900,000 14,664 $265.96 19-Nov. Tier 3 Multifamily

3675/ 3681 Crenshaw C2-2-SP/ $3,985,000 15,568 $255.97 1-Oct. Unknown Blvd. Tier 4

C2-2-SP/ 4050 Crenshaw Blvd. $2,200,000 8,712 $252.53 18-Oct. Assemblage Tier 4

4055 W. Century $3,375,000 16,501 $204.53 25-Oct. INCY2YY Auto Repair

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 DEMOGRAPHICS 330 E. FLORENCE AVENUE

DEMOGRAPHICS 1 Mile 3 Miles 20 Minute Drive.

Population 45,099 286,189 945,633

Households 16,504 97,839 343,595

Average Age 36 37 37

Median Household Income $42,109 $53,020 $63,793

Daytime Employees 14,606 106,812 481,401

Population Growth ’20 - ’25 1.02% 1.03% 0.13%

Household Growth ’20 - ’25 1.06% 0.97% 0.15%

TRAFFIC

Collection Street Cross Street Trafc Vol. / Year Distance

E. Florence Ave. N. Market St. SW 18,595 2018 0.06 mi.

N. Hillcrest Blvd. Saint John Pl. S 5,939 2018 0.12 mi.

E. Regent St. N. Locust St. E. 6,894 2018 0.17 mi.

E. Florence Ave. N. Hillcrest Blvd. SW 34,754 2018 0.22 mi.

La Brea Ave. E Ivy Ave. NW 34,451 2018 0.24 mi.

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 INGLEWOOD PLAZA SHOPPING CENTER 330 E. FLORENCE AVENUE

The Inglewood Plaza is a 86,703 square foot community center, located at a signalized intersection, built in 1949 and renovated in 1993. There are three anchor tenants CVS Pharmacy, DD'S DISCOUNTS & O'Reilly Auto Parts. The center has 531 surface parking spaces

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 METRO 330 E. FLORENCE AVENUE

The property is directly across from the Downtown Inglewood stop of the Metro.

WILLIAM YARBRO KELLER WILLIAMS INGLEWOOD 424.356.5244 [email protected] DRE 01441649 CONFIDENTIALITY AGREEMENT 330 E. FLORENCE AVENUE

All materials and information received or derived from KW Commercial its directors, ofcers, agents, advisors, afliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, develop-ability or suitability, ﬁnancial performance of the property, projected ﬁnancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, ofcers, agents, advisors, or afliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of signiﬁcance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may difer from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title ofcer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by KW Commercial in compliance with all applicable fair housing and equal opportunity laws.

KW COMMERCIAL DRE 02035381 William Yarbro Commercial Director DRE 01441649 INGLEWOOD 424.356.5244 OFFICE DRE 02035381 [email protected] 111 NORTH LA BREA AVENUE #500 INGLEWOOD, CA 90301