9700 south figueroa st. los angeles, ca 90003 · population by age in 1 mi radius population by...

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OFFERING MEMORANDUM | EVALUATED AT $750,000 90% FINANCING SBA-FINANICING | MTM TENANCY 90% FINANCING SBA-FINANICING | MTM TENANCY AUTO RELATED | OWNER-USER/INVESTMENT OPPORTUNITY 9700 SOUTH FIGUEROA ST. 9700 SOUTH FIGUEROA ST. LOS ANGELES, CA 90003

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Page 1: 9700 SOUTH FIGUEROA ST. LOS ANGELES, CA 90003 · POPULATION BY AGE IN 1 MI RADIUS POPULATION BY EDUCATION IN 1 MI RADIUS POPULATION BY RACE IN 1 MI RADIUS Population 1 Mile 3 Mile

OFFERING MEMORANDUM | EVALUATED AT $750,000

90% FINANCING SBA-FINANICING | MTM TENANCY90% FINANCING SBA-FINANICING | MTM TENANCYAUTO RELATED | OWNER-USER/INVESTMENT OPPORTUNITY

9700 SOUTH FIGUEROA ST.9700 SOUTH FIGUEROA ST.LOS ANGELES, CA 90003

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HUDSON COMMERCIAL PARTNERS INC.INVESTMENT BROKERAGE

It is often noted that the standards of service begin with business ownership. So it’s worth noting that the brokers of Hudson Commercial Partners Inc. are self-employed, independently-driven entrepreneurs. As such, we have a heavily vested interest in the successful completion of exclusive assignments, transactions and in providing the Client with the ongoing service, integrity, and expertise which leads to the cultivation of long term business relationships.

We are committed to the principle that responsive, practical, and focused service is the intrinsic link that connects professionalism and persistence with tangible results.

However, we recognize our commitment and dedication to our services must be demonstrated as well as your confidence earned. We look forward to earning that opportunity on this exclusive assignment.

WHO WE ARE

Over the last 25 years, Jay Martinez, Kelly Betpolice and Darin Spillman have worked at Marcus & Millichap for years and their paths had crossed on several occasions.

They found that, while each brought a distinct skill set to the table, their main similarity lied in their seldom found total commitment Seller and Buyer needs as well as to a shared approach emphasizing superior service and a results-oriented focus that produced consistently positive results.

The three quickly realized that, working as a team, they could offer clients broad- based expertise combined with a synergy that proved highly effective in the successful and swift completion of transactions. The founders then set about to build an equally committed roster of team members representing a unique set of skills and expertise all while maintaining their singular orientation to exceeding clients’ expectations and consequently, Hudson Commercial Partners was born. This team approach has proven to be highly effective, resulting in the successful completion of more than 2 Billion in transactions while meeting even the most complex of clients’ needs.

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TABLE OF CONTENTSSECTION ONE 03EXECUTIVE OVERVIEW

SECTION TWO 11INVESTMENT OVERVIEW

SECTION THREE 15LOCATION OVERVIEW

© 2019 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

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SECTION 1 | EXECUTIVE OVERVIEW

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5 - HUDSON COMMERCIAL PARTNERS, INC.

PROPERTY DESCRIPTION

Hudson Partners has been named the Exclusive Listing Agent for the disposition of an auto-related, retail asset along the State Route 110 Harbor Expressway Commercial Corridor. This property is situated at the corner of 97th Street and South Figueroa with excellent ingress-egress by way of its rear-alley access. The seller currently occupies less than 1/3rd of the premises and operates a second-hand auto dealership which crowds much of the site’s available parking amenities. However, the seller is motivated and would be willing to deliver the property vacant.

An Owner-user Buyer could occupy the building which lends itself to a multi-tenant uses. By leveraging SBA financing through occupying 51% of the square footage (Approx. 690 SF), an Owner-User can obtain 90% Loan-to-Value financing from various SBA lenders.

On the other hand, an Investor can re-position this corner with market-rent tenants to obtain a 5.7% return on investment. This parcel’s Auto-related CUP allows an investor to collect substantially higher rent than typical retail assets in the area due to the scarce nature of auto-related product inventory. In addition, the parcel’s favorable Floor-to-Area Ratio (FAR), 0.15, gives an investor fluidity in deciding the highest and best use of the parcel area.

PROPERTY HIGHLIGHTS

• 90% Financing SBA Loan Available • MTM Tenancy-Immediate Upside • Ample Parking (25+ Spaces) • Auto-related (Dealership and Repair) C of O • Corner Lot (Rear Alley Access) • High Traffic Counts (27,852 Vehicles Daily)

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HUDSON COMMERCIAL PARTNERS, INC. - 6

SITE DESCRIPTION SITE DESCRIPTION

PROPERTY INFORMATION

DESCRIPTION SPECIFICATION

PRICE $750,000

BUILDING 1,352 SF

CANOPY AREA 1,625 SF

PARCEL AREA 9,319 SF

APN 6054-209-043

# OF UNITS 3

FLOOR-TO-AREA RATIO 0.15

LOT DIMENSIONS 95’ x 125’

ZONING LARD2-1VL

YEAR BUILT 1942

TENANCY Single-Tenant or Multi-Tenant

DESCRIPTION SPECIFICATION

CONSTRUCTION TYPE Steel/Stone Masonry

FOUNDATION Concrete Slab

CEILING HEIGHT 11 ft.

POWER 220 Amp

ROLL UP DOORS Dimension - TBD

RESTROOM 1:Shared Mens & Womens

LEASE Month-To-Month

PHASE I None

SIGNAGE Free Standing

CURB CUTS 5

PARKING 25+ Spaces

STREET FRONTAGE 95 feet on S. Figueroa

TRAFFIC COUNT ±27,852 Per Day

HIGHWAY ACCESS 110 + 105 Freeways

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7 - HUDSON COMMERCIAL PARTNERS, INC.

SUMMARY TERMS

PRICE $750,000

DOWN PAYMENT (10%) $75,000

TOTAL USABLE SF 2,950 SF

BUILDING SIZE 1,352 SF

CANOPY SF 1,625 SF

PRICE PER FOOT ON BUILDING $554.73

PRICE PER FOOT ON USABLE $254.24

LOT SIZE 9,319 SF

PRICE PER FOOT ON LOT $80.48

YEAR BUILT 1942

ZONING LARD2-1VL

EXECUTIVE SUMMARY

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HUDSON COMMERCIAL PARTNERS, INC. - 8

AERIAL OVERVIEW

SUBJECT PROPERTY9700 S FIGUEROA ST., LOS ANGELES, CA 90003

S F

IGU

ER

OA

ST

S F

IGU

ER

OA

ST

95’

95’

125’125’

9,319 SF9,319 SF

W 97TH STW 97TH ST

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9 - HUDSON COMMERCIAL PARTNERS, INC.

PLAT MAP

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HUDSON COMMERCIAL PARTNERS, INC. - 10

ZIMAS MAP

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SECTION 2 | INVESTMENT OVERVIEW

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13 - HUDSON COMMERCIAL PARTNERS, INC.

OWNER-USER ANALYSIS

SALES COMPARISON APPROACH ESTIMATED ANNUALIZED | USER OCCUPANCY COSTS

DESCRIPTION SPECIFICATION

PRICE $750,000

DOWN PAYMENT (10%) $75,000

TOTAL USABLE SF 2,977 SF

BUILDING SIZE 1,352 SF

CANOPY SIZE 1,625 SF

PRICE PER FOOT ON BUILDING $554.73

PRICE PER FOOT ON USABLE $251.93

LOT SIZE 9,319 SF

PRICE PER FOOT ON LOT $80.48

YEAR BUILT 1942

ZONING LARD3-1VL

DESCRIPTION

OPERATING EXPENSESOPERATING EXPENSES

TAXES (1.169%) $9,375 $6.93

INSURANCE $475 $0.35

UTILITIES $1,500 $1.11

REPAIRS & MAINTENANCE $500 $0.37

CAPITAL RESERVES/MISC $500 $0.37

TOTAL OPERATING EXPENSES $12,350 $9.13

DEBT SERVICE $38,676 $28.61

TOTAL OCCUPANCY COSTS ON USABLE $51,028 $17.14

MONTHLY OCCUPANCY COSTSON USABLE $4,252 $1.43 PSF

DESCRIPTION SPECIFICATION

LOAN AMOUNT $675,000

LOAN TYPE SBA

INTEREST 4.0%

AMORTIZATION 25 Years

DUE 20 Years

MONTHLY PAYMENT $3,223

SALES COMPARISON APPROACH

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HUDSON COMMERCIAL PARTNERS, INC. - 14

ANNUALIZED OPERATING DATA-PRO-FORMA INCOME PRO-FORMA PSF

Gross PotentialGross Potential $60,000 $44.38

Vacancy 3% $1,800 $1.33

Effective Gross Income $58,200 $43.05

Less Expenses $15,286 $11.30

Net Operating IncomeNet Operating Income $42,914 $31.74

EXPENSES PRO-FORMA PSF

Property Taxs (1.192%) $9,375 $6.93

Insurance $475 $0.35

Utilities $1,500 $1.11

Management Fee (5%) $3,436 $2.54

Repairs & Maitenance $500 $0.37

TOTAL EXPENSES $15,286 $11.30

FINANCIAL OVERVIEWDESCRIPTION SPECS

Price $750,000

Downpayment (100%) $750,000

Building SF 1,352 SF

Price Per Square Foot $554.73

Lot Size 9,319 SF

Price Per Foot on Land $80.48

Canopy Per SF 1.625

Total Usable SF PF 251.93

Pro-Forma Cap Rate (%) 5.7%

Occupancy Multi

Year Built 1942

Zoning LARD2-1VL

Type of Ownership Fee Simple

Note: 1,625 SF of canopy useable SFis not calculated Pro-Forma

INVESTOR ANALYSIS - STABILIZED VALUE

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SOUTH LA

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WATTS TOWERS ART CENTER - 3 MILES FROM SUBJECT PROPERTYSECTION 3 | LOCATION OVERVIEW

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17 - HUDSON COMMERCIAL PARTNERS, INC.

FOR SALE COMPARABLES

SUBJECT PROPERTYA. 9700 S FIGUEROA ST. | LOS ANGELES, CA 90003

1. 9200 S WESTERN AVE. | LOS ANGELES, CA 90047

2. 6556 S WESTERN AVE. | LOS ANGELES, CA 90047

3. 105 W 116TH PL | LOS ANGELES, CA 90061

ASUBJECT PROPERTY

1

2

3

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HUDSON COMMERCIAL PARTNERS, INC. - 18

FOR SALE COMPARABLES

A. 9700 S FIGUEROA ST.LOS ANGELES, CA 90003

ASKING PRICE $750,000

STATUS For Sale

BUILDING SF 1,352 SF

PRICE/SF $554.73

ZONING LARD2-1VL

LAND AREA SF 9,319 SF

YEAR BUILT | AGE 1942 | 77

PARKING SPACES 25+

SUBJECT PROPERTY

3. 105 W 116TH PL.LOS ANGELES, CA 90061

ASKING PRICE $529,000

STATUS For Sale

BUILDING SF 1,356 SF

PRICE/SF $390.12

ZONING LACM

LAND AREA SF 4,574 SF

YEAR BUILT | AGE 1946 | 73

PARKING SPACES 3

2. 6556 S WESTERN AVE.LOS ANGELES, CA 90047

ASKING PRICE $779,000

STATUS For Sale

BUILDING SF 1,215 SF

PRICE/SF $641.15

ZONING LAC2

LAND AREA SF 8,276 SF

YEAR BUILT | AGE 1946 | 73

PARKING SPACES 8

1. 9200 S WESTERN AVE.LOS ANGELES, CA 90047

ASKING PRICE $1,460,000

STATUS For Sale

BUILDING SF 2,525 SF

PRICE/SF $578.22

ZONING C2/R3 Uses

LAND AREA SF 16,313 SF

YEAR BUILT | AGE 1962 | 57

PARKING SPACES 13

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19 - HUDSON COMMERCIAL PARTNERS, INC.

DEMOGRAPHIC OVERVIEW

Population (1 mi)

61,674Avg. HH Size (1 mi)

3.6Avg. Age (1 mi)

33Med. HH Inc. (1 mi)

$30,686

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HUDSON COMMERCIAL PARTNERS, INC. - 20

DEMOGRAPHIC OVERVIEW

DEMOGRAPHIC SUMMARY

POPULATION BY AGE IN 1 MI RADIUS POPULATION BY EDUCATION IN 1 MI RADIUS POPULATION BY RACE IN 1 MI RADIUS

Population 1 Mile 3 Mile 5 Mile2019 Population 61,674 421,910 1,172,423

2024 Population 62,203 427,257 1,186,646

Pop Growth 2019-2024 0.9% 1.3% 1.2%

2019 Average Age 33 34 34

Households2019 Population 16,544 111,953 319,494

2024 Population 16,629 113,057 323,208

Household Growth 2019-2024 0.5% 1.0% 1.2%

Median Household Income $30,686 $36,722 $39,152

Average Household Size 3.6 3.6 3.5

Average HH Vehicles 1 2 2

HousingMedian Home Value $346,428 $361,885 $379,118

Median Year Built 1959 1956 1958

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RAMS & CHARGERS STADIUM - 2.7 MILES FROM SUBJECT PROPERTY

In 2020, the Los Angeles Rams and Los Angeles Chargers will share a stadium in Inglewood, California. The LA Stadium, which will house both teams, is a massive, sprawling $5 billion project that will host year-round sports and entertainment events. It’s also slated to host the opening and closing ceremonies for the 2028 Olympics.

In August 2019, the stadium landed its first of official sponsor: American Airlines. The company will sponsor the American Airlines Plaza, which will serve as a two-level, 2.5-acre entrance to the stadium. According to a report by Bloomberg, the airline will pay $90 million over 10 years to sponsor the stadium.

The stadium is rising out of a giant 300-acre property that once housed the Hollywood Park racetrack. Also planned for the project site is a whole new neigh-borhood that will hold shops, restaurants, a hotel, parks, an artificial lake, and 2,500 housing units. That component will open in phases, with the first phase opening sometime between the summer of 2020 and February 2022, when the stadium will host Super Bowl LVI. In addition to hosting the 2022 Super Bowl, the stadium, whose capacity can be stretched to 100,000 for mega-events, will host the 2023 College Football Playoff championship and the 2028 Olympics’ Opening and Closing ceremonies and is vying to hold 2026 World Cup matches.

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LAFC STADIUM - 4.5 MILES FROM SUBJECT PROPERTY

In April 2018, The Los Angeles Football Club ownership group announced the completion of a new 22,000-seat stadium in South Los Angeles, at the site of the Los Angeles Sports Arena, located next to the LA Memorial Coliseum.

The entire development, which the club says will bring $250 million in private investments to South Los Angeles, was designed by LA-based architectural firm Gensler and also in-cludes restaurants, office space, a conference center, and a soccer museum.

The construction of the new stadium in the underdeveloped South Los Angeles area is ex-pected to produced economic activity of more than $275 million and over 1,200 new union and non-union jobs. Additionally, once open, the new stadium generates more than $129 million in new economic activity, create more than 1,800 full- time jobs, and produce $2.5 million in annual tax revenue.

• The first new open-air stadium built in the city of Los Angeles since Dodgers Stadium in 1962

• The stadium is accessible from the expanded LA Expo line

• The stadium will be an LEED Silver certified building

• 125,000 sq ft of walkways and plazas will be open to the public

• The roof will be covered with 190,000 sq ft of ETFE

• The pitch will be 86,000 sq ft of improved natural Bermuda grass adapted for Southern California

HIGHLIGHTS:

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23 - HUDSON COMMERCIAL PARTNERS, INC.

valleys that Los Angeles covers. Major streets are designed to move large volumes of traffic through many parts of city; many of them are extremely long: Sepulveda Boulevard is 43 miles long, while Foothill Boulevard is over 60 miles long, reaching as far east as San Bernardino. Drivers in Los Angeles suffer from one of the worst rush hour periods in the world, according to an annual traffic index by navigation system maker, TomTom. L.A. drivers spend an additional 92 hours in traffic each year. During the peak rush hour there is 80% congestion, according to the index.

Los Angeles is strongly characterized by the presence of low-rise buildings. Outside of a few centers such as Downtown, Warner Center, Century City, Koreatown, Miracle Mile, Hollywood and Westwood, skyscrapers and high-rise buildings are not the rule. The few skyscrapers that are built outside of those areas often stand out above the rest of the surrounding landscape. Most construction is done in separate units, rather than wall-to-wall. That being said, downtown Los Angeles itself has many buildings over 30 stories, with fourteen over 50 stories, and two over 70 stories (the tallest buildings west of Chicago-see List of tallest buildings in Los Angeles). Also, Los Angeles is increasingly becoming a city of apartments rather than single family dwellings, especially in the dense inner city and Westside neighborhoods.

DEMOGRAPHICS

The 2010 United States Census reported that Los Angeles had a population of 3,792,621. The population density was 8,092.3 people per square mile. The age distribution was 874,525 people (23.1%) under 18, 434,478 people (11.5%) from 18 to 24, 1,209,367 people (31.9%) from 25 to 44, 877,555 people (23.1%) from 45 to 64, and 396,696 people (10.5%) who were 65 or older. The median age was 34.1 years. For every 100 females there were 99.2 males. For every 100 females age 18 and over, there were 97.6 males.

There were 1,413,995 housing units—up from 1,298,350 during 2005–2009—at an average density of 2,812.8 households per square mile, of which 503,863 (38.2%) were

CITY OF LOS ANGELES

The City of Los Angeles and often known by its initials L.A., is the second-largest city in the United States after New York City, the most populous city in the U.S. state of California, and the county seat of Los Angeles County.

Situated in Southern California, Los Angeles is known for its mediterranean climate, ethnic diversity, sprawling metropolis, and as a major center of the American entertainment industry. Los Angeles lies in a large coastal basin surrounded on three sides by mountains reaching up to and over 10,000 feet.

Historically home to the Chumash and Tongva, Los Angeles was claimed by Juan Rodríguez Cabrillo for Spain in 1542 along with the rest of what would become Alta California. The city was officially founded on September 4, 1781, by Spanish governor Felipe de Neve. It became a part of Mexico in 1821 following the Mexican War of Independence. In 1848, at the end of the Mexican–American War, Los Angeles and the rest of California were purchased as part of the Treaty of Guadalupe Hidalgo, thereby becoming part of the United States. Los Angeles was incorporated as a municipality on April 4, 1850, five months before California achieved statehood. The city experienced rapid growth with the discovery of oil.

The city is the focal point of the larger Los Angeles metropolitan area and the Greater Los Angeles Area region, which contains 13 million. and over 18 million people, respectively, as of 2010, making it one of the most populous metropolitan areas in the

world as well as the second-largest in the United States. Los Angeles is the seat of Los Angeles County, the most populated county in the United States. The city’s inhabitants are referred to as Angelenos.

Nicknamed the City of Angels, Los Angeles is a global city with a diverse economy in entertainment, culture, media, fashion, science, sports, technology, education, medicine and research. It has been ranked sixth in the Global Cities Index and 9th Global Economic Power Index. The city is home to renowned institutions covering a broad range of professional and cultural fields and is one of the most substantial economic engines within the United States. The Los Angeles combined statistical area (CSA) has a gross metropolitan product (GMP) of $831 billion (as of 2008), making it the third-largest in the world, after the Greater Tokyo and New York metropolitan areas. Los Angeles includes Hollywood and leads the world in the creation of television productions, video games, and recorded music; it is also one of the leaders in motion picture production. Los Angeles hosted the Summer Olympic Games in 1932 and 1984, and is currently bidding for the 2024 Summer Olympics.

GEOGRAPHY

The city is divided into over 80 districts and neighborhoods, many of which were incorporated places or communities that merged into the city. These neighborhoods were developed piecemeal, and are well-defined enough that the city has signage marking nearly all of them.

More broadly, the city is divided into the following areas: Downtown Los Angeles, East Los Angeles and Northeast Los Angeles, South Los Angeles, the Harbor Area, Greater Hollywood, Wilshire, the Westside, and the San Fernando and Crescenta Valleys.

The city’s street pattern generally follows a grid plan, with uniform block lengths and occasional roads that cut across blocks. However, this is complicated by rugged terrain, which has necessitated having different grids for each of the

LOCATION OVERVIEW

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HUDSON COMMERCIAL PARTNERS, INC. - 24

owner-occupied, and 814,305 (61.8%) were occupied by renters. The homeowner vacancy rate was 2.1%; the rental vacancy rate was 6.1%. 1,535,444 people (40.5% of the population) lived in owner-occupied housing units and 2,172,576 people (57.3%) lived in rental housing units.

According to the 2010 United States Census, Los Angeles had a median household income of $49,497, with 22.0% of the population living below the federal poverty line.

Los Angeles is home to people from more than 140 countries speaking 224 different identified languages. Ethnic enclaves like Chinatown, Historic Filipinotown, Koreatown, Little Armenia, Little Ethiopia, Tehrangeles, Little Tokyo, Little Bangladesh and Thai Town provide examples of the polyglot character of Los Angeles.

According to the 2010 Census, the racial makeup of Los Angeles included: 1,888,158 Whites (49.8%), 365,118 African Americans (9.6%), 28,215 Native Americans (0.7%), 426,959 Asians (11.3%), 5,577 Pacific Islanders (0.1%), 902,959 from other races (23.8%), and 175,635 (4.6%) from two or more races. Hispanics or Latinos of any race were 1,838,822 persons (48.5%).

Non-Hispanic whites were 28.7% of the population in 2010, compared to 86.3% in 1940. People of Mexican ancestry make up the largest ethnic group of Latinos at 31.9% of Los Angeles’ population, followed by those of Salvadoran (6.0%) and Guatemalan (3.6%) heritage. The Latino population is spread throughout the city of Los Angeles and its metropolitan area but it is most heavily concentrated in the East Los Angeles region, which has a long established Mexican-American and Central American community.

The largest Asian ethnic groups are Filipinos (3.2%) and Koreans (2.9%), which have their own established ethnic enclaves−Koreatown in the Wilshire Center and Historic Filipinotown. Chinese people, which make up 1.8% of Los Angeles’ population, reside mostly outside of Los Angeles city limits and rather in the San Gabriel Valley of eastern Los Angeles County, but make a sizable presence in the city, notably in Chinatown. Chinatown and Thaitown are also home to many Thais and Cambodians,

which make up 0.3% and 0.1% of Los Angeles’ population, respectively. Japanese comprise 0.9% of L.A.’s population, and have an established Little Tokyo in the city’s downtown, and another significant community of Japanese Americans is located in the Sawtelle district of West Los Angeles. Vietnamese make up 0.5% of Los Angeles’ population. Indians make up 0.9% of the city’s population.

The city of Los Angeles and its metropolitan area are home to a large Middle Eastern population, including Armenians and Iranians, partially residing in enclaves like Little Armenia and Tehrangeles.

African Americans have the largest establishment in South Los Angeles, including the industrial neighborhoods of Crenshaw and Watts. In 1970, the Census Bureau reported the city’s population as 17.9% black, 61.1% non-Hispanic white and 17.1% Hispanic. However, since the 1980s, there has been a large influx of immigration from Mexico and Central America which have outnumbered the blacks in South Los Angeles. South Los Angeles, as well as neighboring communities such as the city of Compton that were home to predominant African American populations are now transforming into Hispanic communities.

TRANSPORTATION

FreewaysFreewaysThe city and the rest of the Los Angeles metropolitan area are served by an extensive network of freeways and highways. The Texas Transportation Institute, which publishes an annual Urban Mobility Report, ranked Los Angeles road traffic as the most congested in the United States in 2005 as measured by annual delay per traveler. The average traveler in Los Angeles experienced 72 hours of traffic delay per year according to the study. Los Angeles was followed by San Francisco/Oakland, Washington, D.C. and Atlanta, (each with 60 hours of delay). Despite the congestion in the city, the mean travel time for commuters in Los Angeles is shorter than other major cities, including New York City, Philadelphia and Chicago. Los Angeles’ mean travel time for

work commutes in 2006 was 29.2 minutes, similar to those of San Francisco and Washington, D.C.

Among the major highways that connect LA to the rest of the nation include Interstate 5, which runs south through San Diego to Tijuana in Mexico and north through Sacramento, Portland, and Seattle to the Canadian border; Interstate 10, the southernmost east–west, coast-to-coast Interstate Highway in the United States, going to Jacksonville, Florida; and U.S. Route 101, which heads to the California Central Coast, San Francisco, the Redwood Empire, and the Oregon and Washington coasts.

Transit SystemsTransit SystemsThe LA County Metropolitan Transportation Authority and other agencies operate an extensive system of bus lines, as well as subway and light rail lines across Los Angeles County, with a combined monthly ridership (measured in individual boardings) of 38.8 million as of September 2011. The majority of this (30.5 million) is taken up by the city’s bus system, the second busiest in the country. The subway and light rail combined average the remaining roughly 8.2 million boardings per month. In 2005, 10.2% of Los Angeles commuters rode some form of public transportation.

The city’s subway system is the ninth busiest in the United States and its light rail system is the country’s second busiest. The rail system includes the Red and Purple subway lines, as well as the Gold, Blue, Expo, and Green light rail lines. In 2016 the Expo Line will reach the Pacific at Santa Monica. The Metro Orange and Silver lines are bus rapid transit lines with stops and frequency similar to those of light rail. The city is also central to the commuter rail system Metrolink, which links Los Angeles to all neighboring counties as well as many suburbs.

Besides the rail service provided by Metrolink and the Los Angeles County Metropolitan Transportation Authority, Los Angeles is served by inter-city passenger trains from Amtrak. The main rail station in the city is Union Station just north of Downtown.

LOCATION OVERVIEW

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JAY MARTINEZManaging Principal

11846 Ventura Blvd.Suite 140Studio City, CA 91604

Cal BRE: 01367663

CONTACT

C: 310.658.3357P: 818.699.1603F: 818.688.8140

E: [email protected]

CONNOR MACLEODSenior Associate

11846 Ventura Blvd.Suite 140Studio City, CA 91604

Cal BRE: 02083085

CONTACT

C: 425.387.5540P: 818.699.1603F: 818.332.4977

E: [email protected]