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

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

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

zimas.lacity.org | planning.lacity.org City of Los Angeles ZIMAS PUBLIC Generalized Zoning 05/17/2018 Department of City Planning

Address: 444 W 5TH ST Tract: SEPULVEDA'S SUBDIVISION Zoning: C2-1-CDO OF BLOCK 5 TOWN OF SAN PEDRO APN: 7455003017 Block: None General Plan: Community Commercial PIN #: 015B201 44 Lot: FR 18 Arb: None

Streets Copyright (c) Thomas Brothers Maps, Inc. LEGEND

GENERALIZED ZONING OS, GW A, RA RE, RS, R1, RU, RZ, RW1 R2, RD, RMP, RW2, R3, RAS, R4, R5 CR, C1, C1.5, C2, C4, C5, CW, ADP, LASED, CEC, USC, PVSP, PPSP CM, MR, WC, CCS, UV, UI, UC, M1, M2, LAX, M3, SL P, PB PF

GENERAL PLAN LAND USE LAND USE RESIDENTIAL INDUSTRIAL Minimum Residential Commercial Manufacturing Very Low / Very Low I Residential Limited Manufacturing Very Low II Residential Light Manufacturing Low / Low I Residential Heavy Manufacturing Low II Residential Hybrid Industrial Low Medium / Low Medium I Residential PARKING Low Medium II Residential Medium Residential PORT OF LOS ANGELES High Medium Residential General / Bulk Cargo - Non Hazardous (Industrial / Commercial) High Density Residential General / Bulk Cargo - Hazard Very High Medium Residential Commercial Fishing COMMERCIAL Recreation and Commercial Limited Commercial Intermodal Container Transfer Facility Site Limited Commercial - Mixed Medium Residential LOS ANGELES INTERNATIONAL AIRPORT Highway Oriented Commercial Airport Landside Highway Oriented and Limited Commercial Airport Airside Highway Oriented Commercial - Mixed Medium Residential Airport Northside OPEN SPACE / PUBLIC FACILITIES Community Commercial Open Space Community Commercial - Mixed High Residential Public / Open Space Regional Center Commercial Public / Quasi-Public Open Space Other Public Open Space FRAMEWORK Public Facilities

COMMERCIAL INDUSTRIAL Neighborhood Commercial Limited Industrial General Commercial Light Industrial Community Commercial Regional Mixed Commercial CIRCULATION STREET

[[[[[[[[[[[ Arterial M ountain R oad [[[[[[[[[[[ Major Scenic Highway

[[[[[[[[[[[ Collector Sc enic Str eet [[[[[[[[[[[[[[[[

Collector Street [[[[[[[[[[[ Major Scenic Highway II Collector Str eet (Hi llside) Mountain Collector Street Park Road Collector Str eet (Pr oposed) Parkway Country Road Principal Major Highway Divided M ajor H ighway II Private Street

[[[[[[[[[[[ Divided Se condary Sce nic Hi ghway [[[[[[[[[[[ Scenic Divided Major Highway II

[[[[[[[ [[[[ Local Scenic Road Scenic Park

Local Street [[[[[[[[[[[ Scenic Parkway Secondary Highway Major Highway I

Major Highway II [[[[[[[[[[[ Secondary Scenic Highway Special Collector Street Super Major Highway FREEWAYS Freeway Interchange

Railroad

[[[[[[[[[[ Scenic Freeway Highway

MISC. LINES Airport Boundary MSA Desirable Open Space

Bus Line UU Major Scenic Controls Coastal Zone Boundary Multi-Purpose Trail Coastline Boundary Natural Resource Reserve (((((!!!!! Collector Scenic Street (Proposed) Park Road ))) Commercial Areas Park Road (Proposed) Commercial Center Quasi-Public Community Redevelopment Project Area Rapid Transit Line Country Road Residential Planned Development DWP Power Lines Scenic Highway (Obsolete)

########## Desirable Open Space UU Secondary Scenic Controls

(( Detached Single Family House (( Secondary Scenic Highway (Proposed) 8 888 8 8 Endangered Ridgeline Site Boundary Equestrian and/or Hiking Trail ? Southern California Edison Power ! ! ! ! ! Hiking Trail Special Study Area

(((( Historical Preservation Horsekeeping Area Stagecoach Line

Local Street 8 8 8 8 8 8 Wildlife Corridor POINTS OF INTEREST SCHOOLS/PARKS WITH 500 FT. BUFFER Existing School/Park Site Planned School/Park Site

Aquatic Facilities Other Facilities OS Opportunity School

CT Beaches Park / Recreation Centers Charter School

Child Care Centers Parks ES Elementary School

Dog Parks Performing / Visual Arts Centers SP Span School

Golf Course Recreation Centers SE Special Education School

HS Historic Sites Senior Citizen Centers High School

MS Horticulture/Gardens Middle School

EEC Skate Parks Early Education Center

COASTAL ZONE TRANSIT ORIENTED COMMUNITIES (TOC)

Coastal Zone Commission Authority Tier 1 Tier 3

Calvo Exclusion Area Tier 2 Tier 4 Not in Coastal Zone Note: TOC Tier designation and map layers are for reference purposes only. Eligible projects shall demonstrate compliance with Tier eligibility standards Dual Jurisdictional Coastal Zone prior to the issuance of any permits or approvals. As transit service changes, eligible TOC Incentive Areas will be updated.

WAIVER OF DEDICATION OR IMPROVEMENT

Public Work Approval (PWA) Waiver of Dedication or Improvement (WDI)

LAMC SECTION 85.02 (VEHICLE DWELLING) No vehicle dwelling anytime No vehicle dwelling overnight between 9:00 PM - 6:00 AM. Must comply with all posted parking restrictions Vehicle dwelling allowed. Must comply with all posted parking restrictions

OTHER SYMBOLS

Lot Line Airport Hazard Zone Flood Zone Tract Line Census Tract Hazardous Waste Lot Cut Coastal Zone High Wind Zone Easement Council District Hillside Grading Zone Boundary Historic Preservation Overlay Zone Building Line Downtown Parking Lot Split Fault Zone Very High Fire Hazard Severity Zone (! Community Driveway Fire District No. 1 Oil Wells Tract Map J Lot Ties Parcel Map Building Outlines 2014 Building Outlines 2008