FOR SALE - CRENSHAW CENTER - 4293-4299 S. Crenshaw Blvd., Los Angeles, CA 90008 Offered At: 3,338,900 - LoopNet
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CRENSHAW CENTER
FOR SALE
4293-4299 S. Crenshaw Blvd., Los Angeles, CA 90008
Offered At: 3,338,900
OFFERING MEMORANDUM
Introduction – Disclaimer
This investment offering Information package has been prepared by RE/MAX Commercial / RE/MAX of Valencia and does not claim to provide an absolute accurate summary of the Property or any of the documents
related thereto, nor do they declare to be all inclusive or to contain all of the information which prospective investors may need or require for acquisition purposes. All forecasts have been developed by the Seller, and
designated sources, and are based upon assumptions related to the general economy, competition and other factors beyond the control of the Seller, and therefore are subject to discrepancy.
No representation is made by the Seller or RE/MAX Commercial / RE/MAX of Valencia as to the concrete precision or comprehensiveness of the information presented herein, and nothing contained herein, is, or shall
be relied on as assurance or representation as to the future performance of the property. Although the information contained herein is believed to be relatively accurate, Seller and its officers, directors, agents and
employees renounce responsibility for inaccuracies or reliability and expect potential purchasers to conduct independent due diligence to verify all such information.
Further, RE/MAX Commercial / RE/MAX of Valencia the Seller and its officers, directors, agents and employees renounce any and all liability for representations and warranties, expressed and implied, contained in, or
omission from the investment offering Information package or any other written or oral communication transmitted or made available to the recipient. The investment offering Information package does not promise or
represent that there has been a change in the business or affairs of the Property or Seller since the date of preparation of the investment offering Information package. Analysis and verification of the information
contained in the investment offering Information package is sole duty of the prospective purchaser.
Seller and RE/MAX Commercial / RE/MAX of Valencia each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offer regarding the Property and/or cease discussion with
any entities at any time with or without notice. Seller shall have no legal commitment or duty to sell the property to any entity reviewing the investment offering Information package offering to purchase the Property
unless and until such time that their offer has been approved by the Seller, a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and their attorney(s) at
Sellers sole discretion and any conditions to Seller’s obligations have been met or waived.
This investment offering Information package and its contents are of a confidential nature. By accepting the investment offering Information package, you agree that you handle it in complete confidentiality, that you
will not reproduce or circulate it, that you will not disclose the investment offering Information package or any of its contents to any third parties (except to outside advisors retained by you as needed, for your
determination of whether or not to make a purchase offer and from whom you have obtained an agreement of confidentiality) without the prior written authorization of the Seller, and that you will not use the
investment offering Information package or any of its contents in any fashion or manner detrimental to the interest of the Seller or RE/MAX Commercial / RE/MAX of Valencia If you do not have an interest in the
Property at present, please return investment offering Information package to us.
© 2012 RE/MAX Commercial
RE/MAX OF VALENCIA 27720 Dickason Dr. Valencia, CA 91355 * Tel: 310.880.888 * www.SoCalPowerHouse.Com * Sean@SoCalPowerHouse.com * BRE# 01267316
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PROPERTY HIGHLIGHTS OFFERING SUMMARY
……………………………………………………………………………………………………………………………
Sale Price: $3,338,900
. The subject property is a newly remodeled one-story building with Two Tenants and Billboard …………………………………………………………………………………………………………………………..
income at the North West corner of Crenshaw Blvd. and Homeland. The Property was built in Total Building Size: 3,912 sq. ft.
1986 and was newly remodeled in 2014. ……………………………………………………………………………………………………………………………
. Conveniently located in the desirable area of Baldwin Village and Baldwin Hills with an average Total Land Area: 10,949 sq. ft.
household income of over $85,000 per year. ……………………………………………………………………………………………………………………………
Zoning: LAC 1.5
. Located South of 10, West of 110, North of 105 and East of 405 freeway. ……………………………………………………………………………………………………………………………
. Minutes away from University of Southern California, Downtown LA, Korea Town & Mid City. CAP Rate: 4.00%
RE/MAX OF VALENCIA 27720 Dickason Dr. Valencia, CA 91355 * Tel: 310.880.888 * www.SoCalPowerHouse.Com * Sean@SoCalPowerHouse.com * BRE# 01267316
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RE/MAX OF VALENCIA 27720 Dickason Dr. Valencia, CA 91355 * Tel: 310.880.888 * www.SoCalPowerHouse.Com * Sean@SoCalPowerHouse.com * BRE# 01267316
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SUBJECT
RE/MAX OF VALENCIA 27720 Dickason Dr. Valencia, CA 91355 * Tel: 310.880.888 * www.SoCalPowerHouse.Com * Sean@SoCalPowerHouse.com * BRE# 01267316
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RE/MAX OF VALENCIA 27720 Dickason Dr. Valencia, CA 91355 * Tel: 310.880.888 * www.SoCalPowerHouse.Com * Sean@SoCalPowerHouse.com * BRE# 01267316
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For the first time in decades, major development projects are underway in South Los Angeles. Most prominently, a huge NFL stadium is under construction in Inglewood—and it will be surrounded by a planned community made up
of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts.
1. The Reef
This massive—and potentially game-changing—housing, hotel, and retail complex with two high-rise towers is planned near Los Angeles Trade Technical College. If ultimately built, it will bring 1,444 condos and apartments, a
hotel, a grocery store, restaurants, outdoor plazas, and a farmer's market to Southeast Los Angeles, a neighborhood that has seen little to no economic investment. Still, many residents oppose the project, because they fear it will
drive up housing costs in the area. Just 70 of the units will be affordable, meaning the rest will be market-rate. That could mean monthly rents upward of $1,730—the median price for a two-bedroom in Los Angeles right now. A
construction date for the project is unclear. The plans have been approved by the Los Angeles City Council, but in October, the Los Angeles Times reported that the developer was looking to sell the project or bring on a partner to
help develop it.
2. 3606 W Exposition Blvd
The county and Metro are teaming up to find a developer to build 492 residential units, a grocery store, theater, and locally-owned restaurants on the other side of Exposition Boulevard from West Angeles Church. This project
would flank Crenshaw Boulevard, steps from the Expo Line and the future Crenshaw Line. The new buildings would replace a county probation department on the west and a Metro construction staging site on the east.
3. Lucas Museum of Narrative Art
Exposition Park is already a destination for museum-goers. Now, George Lucas is adding to the mix with his museum devoted to the narrative arts. The futuristic-looking building will designed by MAD architects will house
art focused “on the power of a single image to tell a story, inspire emotion, or encapsulate universal truths.” It’s scheduled to open in 2021.
4. Banc of California Stadium
Another big addition to Exposition Park: The shiny new home of the Los Angeles Football Club in Exposition Park opened just this spring. The open air stadium holds 22,000 seats and offers some sweet city views. It also boasts an
impressive food line-up, including Koreatown’s Beer Belly.
5. Baldwin Hills Crenshaw Plaza redevelopment
The planned makeover of this mall would entail much more than a facelift. A 10-story office building, 961 apartments and condos, and a 400-room hotel will be erected as part of the massive redevelopment. The project is
grabbing a lot of attention in the community, both good and bad. City officials and some residents say it will “serve as ‘a catalyst that’s much deserved’; others fear it will lead to displacement.
6. Hollywood Park
he NFL stadium will be part of a larger master-planned community built on Inglewood’s former Hollywood Park racetrack. The complex is being billed as an “urban village,” with a whopping 3,000 units of housing (single-family
homes, townhomes, and condos), 620,000 square feet of shops and restaurants, a hotel, and revamped Hollywood Park Casino. Among the new homes will be green space and an artificial lake.
7. NFL Stadium
LA’s future NFL stadium will be big, flashy, and expensive. It’s costing upward of $2.5 billion to build the future home of the Chargers and Rams, and the 70,240-seat stadium will encompass nearly 3 million square feet—making it
the largest in the NFL. That’s not the only price record it’s expected to beat. Tickets to Rams games are projected to be the most expensive in the league’s history, with season tickets forecasted to run $350 and $400 per game—
and that’s not including the cost of “seat licenses,” which could top $200,000 per seat. Construction is well underway, and opening is scheduled for 2020. In the meantime, click here to watch construction in real-time.
RE/MAX OF VALENCIA 27720 Dickason Dr. Valencia, CA 91355 * Tel: 310.880.888 * www.SoCalPowerHouse.Com * Sean@SoCalPowerHouse.com * BRE# 01267316
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RE/MAX OF VALENCIA 27720 Dickason Dr. Valencia, CA 91355 * Tel: 310.880.888 * www.SoCalPowerHouse.Com * Sean@SoCalPowerHouse.com * BRE# 01267316
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