Project Summary

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Project Summary 444 West 5th Street, San Pedro, California (APN# 745-500-3017) Offered at $3,000,000 Contact: Christopher Hametman [email protected] MULTIFAMILY PROJECT SUMMARY This high density multifamily development opportunity is located in the “Commercial Center” of the San Pedro Community Plan. The zoning and CDO allows for substantial density and floor area bonuses. The property’s +/-26,000 square f t (.60 acre) runs the entire width of the block and boasts frontage on both 4th Street and 5th Street, which is a central location for San Pedro and has been awarded with a “Very Walkable” Scoreee of 85 and “Very Bikeable” score of 76. Nearby parks include John S Gibson Junior Park, San Pedro Plaza Park and Bandini Park. The zoning for the property is C2-1-CDO and [Q]C2-1-CDO and has a Tier Two designation in regard to the newly implemented (TOC) Transit Oriented Communities. San Pedro is currently experiencing a massive revitalization. There has been a recent injection of significant capital into the area from private and public sources. Some of the improvements taking shape currently include the SpaceX Big Falcon Rocket development and manufacturing facility on Terminal Island and the redevelopment of the Ports O’Call Public Marketplace. And the Harbor Blvd. Roadway Improvement Project is expected to be complete in 2018 at a total project cost of $14.8 million, paid by the Port of Los Angeles, including $4.9 million in grant funding from Los Angeles County Metropolitan Transportation Authority (Metro). HIGHLIGHTS 1/3rd the Cost of a Similar Parcel 3 Blocks Away Walking Distance to the Waterfront 200 Feet of Street Frontage Along 4th & 5th Street One Billion to be Invested by 2026 on LA Waterfront New Corporate Investment (SpaceX) New $150MM in Retail (Port O’Call Public Market) PROJECT SUMMARY MULTIFAMILY 444 W 5th Street San Pedro, CA 90731 Project Assumptions This Project is defined in terms of the maximum density bonus and number of units under the Tier 2 TOC affordable density bonus of 60% with 106 Units & 3,000 SF Retail implied. CONCEPTUAL RENDERING Page 2 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to all errors, omissions, change of price and other conditions, withdrawal without notice, and to any special listing conditions. Interested parties are to verify all information and assume all risk. PROJECT SUMMARY MULTIFAMILY Area Visualization Page 3 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to all errors, omissions, change of price and other conditions, withdrawal without notice, and to any special listing conditions. Interested parties are to verify all information and assume all risk. City of Los Angeles Department of City Planning 5/17/2018 PARCEL PROFILE REPORT PROPERTY ADDRESSES Address/Legal Information 444 W 5TH ST PIN Number 015B201 44 448 W 5TH ST Lot/Parcel Area (Calculated) 6,254.3 (sq ft) Thomas Brothers Grid PAGE 824 - GRID B5 ZIP CODES Assessor Parcel No. (APN) 7455003017 90731 Tract SEPULVEDA'S SUBDIVISION OF BLOCK 5 TOWN OF SAN PEDRO Map Reference M R 19-84 RECENT ACTIVITY Block None None Lot FR 18 Arb (Lot Cut Reference) None CASE NUMBERS Map Sheet 015B201 CPC-30672-ZC Jurisdictional Information CPC-2009-1557-CPU Community Plan Area San Pedro CPC-2007-4053-CDO-ZC Area Planning Commission Harbor CPC-2005-8252-CA Neighborhood Council Central San Pedro CPC-2000-199-CRA Council District CD 15 - Joe Buscaino ORD-179935 Census Tract # 2962.20 ORD-158860 LADBS District Office San Pedro ORD-129944 Planning and Zoning Information ORD-129279 Special Notes None ENV-2017-2502-CE Zoning C2-1-CDO ENV-2009-1558-EIR Zoning Information (ZI) ZI-2389 Downtown San Pedro ENV-2007-4058-ND ZI-2130 HARBOR GATEWAY STATE ENTERPRISE ZONE ENV-2005-8253-ND General Plan Land Use Community Commercial MND-87-178-ZC-GPA General Plan Note(s) Yes Hillside Area (Zoning Code) No Specific Plan Area None Subarea None Special Land Use / Zoning None Design Review Board No Historic Preservation Review No Historic Preservation Overlay Zone None Other Historic Designations None Other Historic Survey Information None Mills Act Contract None CDO: Community Design Overlay Downtown San Pedro CPIO: Community Plan Imp. Overlay None Subarea None CUGU: Clean Up-Green Up None NSO: Neighborhood Stabilization Overlay No POD: Pedestrian Oriented Districts None SN: Sign District No Streetscape No Adaptive Reuse Incentive Area None Affordable Housing Linkage Fee Residential Market Area Low Non-Residential Market Area Medium This report is subject to the terms and conditions as set forth on the website. For more details, please refer to the terms and conditions at zimas.lacity.org (*) - APN Area is provided "as is" from the Los Angeles County's Public Works, Flood Control, Benefit Assessment. zimas.lacity.org | planning.lacity.org Transit Oriented Communities (TOC) Tier 2 CRA - Community Redevelopment Agency Pacific Corridor Redevelopment Project Central City Parking No Downtown Parking No Building Line None 500 Ft School Zone No 500 Ft Park Zone No Assessor Information Assessor Parcel No. (APN) 7455003017 APN Area (Co. Public Works)* 0.597 (ac) Use Code 2700 - Commercial - Parking Lot (Commercial Use Property) - Lots - Patron or Employee - One Story Assessed Land Val. $258,703 Assessed Improvement Val. $14,538 Last Owner Change 06/08/1990 Last Sale Amount $9 Tax Rate Area 13245 Deed Ref No. (City Clerk) 5633,7 2-870 2-443 1028986 Building 1 Year Built 1969 Building Class DX Number of Units 0 Number of Bedrooms 0 Number of Bathrooms 0 Building Square Footage 23,000.0 (sq ft) Building 2 No data for building 2 Building 3 No data for building 3 Building 4 No data for building 4 Building 5 No data for building 5 Additional Information Airport Hazard None Coastal Zone None Farmland Area Not Mapped Urban Agriculture Incentive Zone YES Very High Fire Hazard Severity Zone No Fire District No. 1 Yes Flood Zone None Watercourse No Hazardous Waste / Border Zone Properties No Methane Hazard Site None High Wind Velocity Areas No Special Grading Area (BOE Basic Grid Map A- Yes 13372) Oil Wells None Seismic Hazards Active Fault Near-Source Zone Nearest Fault (Distance in km) 1.21621296 Nearest Fault (Name) Palos Verdes Fault Zone Region Transverse Ranges and Los Angeles Basin Fault Type B Slip Rate (mm/year) 3.00000000 Slip Geometry Right Lateral - Strike Slip This report is subject to the terms and conditions as set forth on the website. For more details, please refer to the terms and conditions at zimas.lacity.org (*) - APN Area is provided "as is" from the Los Angeles County's Public Works, Flood Control, Benefit Assessment. zimas.lacity.org | planning.lacity.org Slip Type Moderately Constrained Down Dip Width (km) 13.00000000 Rupture Top 0.00000000 Rupture Bottom 13.00000000 Dip Angle (degrees) 90.00000000 Maximum Magnitude 7.30000000 Alquist-Priolo Fault Zone No Landslide No Liquefaction No Preliminary Fault Rupture Study Area No Tsunami Inundation Zone No Economic Development Areas Business Improvement District HISTORIC WATERFRONT DISTRICT (SAN PEDRO) Promise Zone None Renewal Community No Revitalization Zone San Pedro / Wilmington State Enterprise Zone HARBOR GATEWAY STATE ENTERPRISE ZONE Targeted Neighborhood Initiative None Housing Direct all Inquiries to Housing+Community Investment Department Telephone (866) 557-7368 Website http://hcidla.lacity.org Rent Stabilization Ordinance (RSO) No Ellis Act Property No Public Safety Police Information Bureau South Division / Station Harbor Reporting District 564 Fire Information Bureau South Batallion 6 District / Fire Station 112 Red Flag Restricted Parking No This report is subject to the terms and conditions as set forth on the website. For more details, please refer to the terms and conditions at zimas.lacity.org (*) - APN Area is provided "as is" from the Los Angeles County's Public Works, Flood Control, Benefit Assessment. zimas.lacity.org | planning.lacity.org CASE SUMMARIES Note: Information for case summaries is retrieved from the Planning Department's Plan Case Tracking System (PCTS) database. Case Number: CPC-30672-ZC Required Action(s): ZC-ZONE CHANGE Project Descriptions(s): Data Not Available Case Number: CPC-2009-1557-CPU Required Action(s): CPU-COMMUNITY PLAN UPDATE Project Descriptions(s): SAN PEDRO COMMUNITY PLAN UPDATE Case Number: CPC-2007-4053-CDO-ZC Required Action(s): CDO-COMMUNITY DESIGN OVERLAY DISTRICT ZC-ZONE CHANGE Project Descriptions(s): CITY-INITIATED ESTABLISHMENT OF A COMMUNITY DESIGN OVERLAY PURSUANT TO MUNICIPAL CODE SEC. 13.08. THIS WILL BE ESTABLISHED CONCURRENT WITH THE SAN PEDRO COMMUNITY PLAN, CURRENTLY IN PROCESS. Case Number: CPC-2005-8252-CA Required Action(s): CA-CODE AMENDMENT Project Descriptions(s): AN ORDINANCE ESTABLISHING PERMANENT REGULATIONS IMPLEMENTING THE MELLO ACT IN THE COASTAL ZONE. Case Number: CPC-2000-199-CRA Required Action(s): CRA-COMMUNITY REDEVELOPMENT AGENCY Project Descriptions(s): PACIFIC CORRIDOR REDEVELOPMENT PLAN Case Number: ENV-2017-2502-CE Required Action(s): CE-CATEGORICAL EXEMPTION Project Descriptions(s): ENVIRONMENTAL CLEARANCE Case Number: ENV-2009-1558-EIR Required Action(s): EIR-ENVIRONMENTAL IMPACT REPORT Project Descriptions(s): SAN PEDRO COMMUNITY PLAN UPDATE Case Number: ENV-2007-4058-ND Required Action(s): ND-NEGATIVE DECLARATION Project Descriptions(s): CITY-INITIATED ESTABLISHMENT OF A COMMUNITY DESIGN OVERLAY PURSUANT TO MUNICIPAL CODE SEC. 13.08. THIS WILL BE ESTABLISHED CONCURRENT WITH THE SAN PEDRO COMMUNITY PLAN, CURRENTLY IN PROCESS. Case Number: ENV-2005-8253-ND Required Action(s): ND-NEGATIVE DECLARATION Project Descriptions(s): AN ORDINANCE ESTABLISHING PERMANENT REGULATIONS IMPLEMENTING THE MELLO ACT IN THE COASTAL ZONE. Case Number: MND-87-178-ZC-GPA Required Action(s): GPA-GENERAL PLAN AMENDMENT ZC-ZONE CHANGE Project Descriptions(s): Data Not Available DATA NOT AVAILABLE ORD-179935 ORD-158860 ORD-129944 ORD-129279 This report is subject to the terms and conditions as set forth on the website.
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