California · Renter Occupied Housing Units 7,636 26,978 27,939 Demographic Overview SNI 311 W Imperial Hwy Los Angeles CA 90061 10 Aerial 3 Strategic Development Advisors, Inc. The

FutureMulti-FamilyDevelopment

Los AngelesCalifornia

W Imperial HighwayLos Angeles, CA 90061

311

Table of Contents

Property Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Offering Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Zoning Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

EXECUTIVE OVERVIEW

County Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8City Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Demographic Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0

PROPERTY LOCATION

Aerial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2

AERIAL MAP

5

Confidentiality Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7

CONFIDENTIALITY AGREEMENT

4

Sold Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4On Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 5

SALES COMPARABLES

3

2

1

1Executive Overview

FutureMulti-FamilyDevelopment311

Imperial Hwy

S O

live

St

S B

road

way

Ath

ens

Way

Property Overview

W Imperial Hwy

W 112th St

S Gra

nd Av

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S Figu

eroa

St

W 113th St

W 115th St

W 117th St

Athe

ns W

ay

S Oliv

e St

Denv

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W 118th St

A

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Way

S Bro

adwa

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I-110

I-105

Location: 311 W Imperial Highway Los Angeles, CA

Lot Size: 0.28 Acres

APNs: 6074-024-036, 037, 038

Listing Price: $1,675,000

PSF: $137.30

Zoning: C2-1VL

SVN-RIG | 311 W Imperial Hwy, Los Angeles, CA 90061 4

FutureMulti-FamilyDevelopment

± 45,381 CTC

311

Offering Overview

311 W Imperial Hwy is a vacant 0.28-acre lot conveniently located at the Imperial Hwy/110N off-ramp at the northeast corner of Imperial Hwy and Olive St, within the City and County of Los Angeles, California. The subject property fronts Imperial Highway, a high-traffic thoroughfare utilized as an alternative to the I-105 freeway to travel to and from LAX. The property’s solid vehicular traffic, visibility, ease-of-access to the I-110, and C2 zoning is suited for small retail and/or multi-family concepts.

The site is directly adjacent to a proposed multi-family development that provides more density to the rapidly-growing neighborhood. Bordering the south side of the property is one of California’s Opportunity Zones, functioning as an incentive to attract more investors to acquire and improve their properties. Additionally, the city is anticipating higher traffic numbers and a growing rate in consumerism and residency as a result of the incoming NFL’s Los Angeles Stadium at Hollywood Park approximately 3 miles from the subject site. The stadium is also planned for use during the 2028 Summer Olympics that will be hosted in Los Angeles.

This opportunity is ideal for a developer or owner-user who is interested in taking advantage of the site’s attributes and the chance to capitalize on the demand of apartments in Los Angeles, or a rare hard-corner with great traffic counts.


Zoning Overview

I-110/ 1-105 Connector

I-11

0N O

ff-R

amp

I-110/ 1-105 Connector

I-11

0N O

ff-R

amp

ZONING

Assessors Parcel Number (APN) 6074-024-036, 037, 038

Zoning Designation LAC2

Zoning Commercial General - C2 - 1VL

Buildable Height Height Limitation of 65 Feet

General Plan Land Use N/A

Specific Plan Area N/A

Community Plan Area Southeast LA

Area Planning Commission South LA

Neighborhood Council None

Council District Marqueece Harris-Dawson

LADBS District Office Los Angeles Metro

Enterprise Zone ZI-2374 LA State Enterprise Zone


2Property Location

Los Angeles

Pasadena

Hollywood

Lakewood

West Covina

Glendora

Sylmar

Pomona

Whittier

Norwalk

Long Beach

Santa Ana

HuntingtonBeach

NewportBeach

AnaheimTorrance

RanchoPalos Verdes

ManhattanBeach

SantaMonica

VanNuys

Burbank

Northridge

WoodlandHills

Santa Clarita

Los AngelesInternational

Airport

Ports of Los Angeles& Long Beach

John WayneAirport

Bob HopeAirport

405

405

405

605

105

10

710

110

110

1010

605

5

5

210

210

5

5

91

9060

210

91

57

57

71

55

134

118

14

170

2

55

73

261

133

22

101

101

Orange Co.

Ventura Co.

SanBernardino Co.

Los Angeles County

Pacific Ocean

County Overview

Los Angeles County is located in the U.S., state of California. As the most populous county in the U.S., Los Angeles County has 10,163,507 residents as of a 2017 census, accounting for 27 percent of California’s population. Los Angeles County is ninth in population, behind only by the states of California, Texas, Florida, New York, Illinois, Pennsylvania, Ohio, Georgia, and North Carolina.

A quick demographic profile of Los Angeles County indicates that: 48.6% of the population is Hispanic, 28.4% white non-Hispanic, 15.7% Asian-Pacific Islander, 9% black; and 2.7% other races. About 78.2% of the population has a high school diploma, while 31.2% holds a bachelor’s degree or more.

International trade is a major driver of the area’s economy. The Los Angeles Customs District—which includes the ports of Long Beach and Los Angeles, Port Hueneme, and Los Angeles International Airport—was the nation’s largest in 2017. The value of two-way trade passing through the Los Angeles Customs District totaled $478 billion in 2017. Major investments are under way to expand the ports, LAX airport and related transportation facilities in Los Angeles County.

Quality of life options are numerous and varied in Los Angeles County. Recreation opportunities range from professional sports teams to personal recreation at beaches, marinas, and mountain resorts. The number of fine and performing arts activities is growing, as well as special festivals including the renowned Tournament of Roses. Notable cultural landmarks include the Getty Center, Walt Disney Concert Hall, the California Science Center, the Staples Center sports arena, and the Aquarium of the Pacific in Long Beach. The modern theme park was born at Disneyland in Anaheim and a second park, California Adventure, is located right next door.


LOS ANGELES

The City of Los Angeles, located in the middle of the Los Angeles County, merges a famous downtown district, spacious residential communities, and breathtaking ocean views to form the second largest city in the United States with a population of 4 million people. 7 national leading education institutions can be found within Los Angeles, including UCLA, USC, Caltech, and a few others. Furthermore, 33% of the population has a bachelor’s degree or higher.

As the hub of the West Coast, Los Angeles connects its citizens and surrounding travelers through various interstates such as the I-110, I-5, I-10, I-105, linking the city to neighboring cities and counties from the South, East, and North directions. Its sprawling metropolis encompasses 502 square miles of land, offering both coastal attractions and inland appeal.

Los Angeles sits atop the urban hierarchy, boasting a burgeoning financial district, a renowned entertainment industry, and future host for the 2028 Summer Olympics. As the City of Los Angeles continues to grow and develop at a rapid pace, its origins as a diverse and multicultural community will remain integral to Los Angeles.

A gateway to the West Coast as the fifth busiest airport in the world, the Los Angeles International Airport (LAX) establishes Los Angeles as a global center and major travel destination. Flourishing as a result of its diverse demographics, the city caters to its visitors and residents in every way. The city offers a variety of shopping trends from high fashion shops in Rodeo Drive to the chic boutiques of the beach cities, accommodating to every style. Los Angeles is also home to a dynamic dining experience comprised of celebrity chef cooking, local café meals, and everything in between.

City Overview


1 Mile Radius 2 Mile Radius 3 Mile Radius

Pop

ulat

ion

2023 Total Population 49,243 172,029 382,620



2018 Total Daytime Population 34,270 131,025 302,715

2018 Estimated Median Age 28.7 29.3 29.8

Hou

seho

lds

2023 Total Households 12,369 44,863 101,226



2017-2022 Annual Growth Rate 0.46% 0.41% 0.38%

2010-2017 Annual Growth Rate 0.54% 0.48% 0.44%

2018 Average Household Size 3.86 3.78 3.73

Inco

me 2018 Estimated Average Household Income $35,120 $36,267 $38,292

2018 Estimated Median Household Income $48,154 $50,240 $52,734

Hou

sing

2018 Total Housing Units 13,216 48,006 107,395

Owner Occupied Housing Units 4,453 16,970 40,012

Renter Occupied Housing Units 7,636 26,978 27,939

Demographic Overview


3Aerial

Strategic Development Advisors, Inc. The Information above has been obtained from sources deemed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. 02/18/2019

500Meters

Ft 1000


4Sales Comparables

4700 FIRESTONE BLVD, LOS ANGELES, CA 90280

Year Land Sold 2016

Land Size 11,000 SF

Price per Square Foot $136.36

Sales Price $1,500,000

Tenant Post Development Starbucks

AVERAGES

Avg Lot Size 19,116 SF

Avg Price per Square Foot $125.55

Avg Sales Price $2,400,00

800 W 85TH ST, LOS ANGELES, CA 90044

Year Land Sold 2018

Land Size 29,896 SF



Tenant Post Development Apartments

Sold Land10613 GARVEY AVE, EL MONTE, CA 91733

Year Land Sold 2017

Land Size 16,453 SF



Tenant Post Development Starbucks

Price Value Post Developed $3,335,500


2172 W FLORENCE AVE, LOS ANGELES, CA 90047

Land Size 15,300 SF

Land Price per Square Foot $98.04

Selling Price $1,500,000

AVERAGES

Avg Land Size 16,661 SF

Avg Price per Square Foot $118.83

Avg Sales Price $1,859,400

2900 E IMPERIAL HWY, LYNWOOD, CA 90262

Land Size 19,062 SF



6927 S WESTERN AVE, LOS ANGELES, CA 90047

Land Size 23,244 SF



13919 S NORMANDIE AVE, GARDENA, CA 90249

Land Size 15,246 SF


Selling Price $ 1,500,000

1300 EXPOSITION BLVD, LOS ANGELES, CA 90018

Land Size 10,454 SF



On Market


5Confidentiality Agreement

Confidentiality and Conditions(“Seller”) Michael G. Seitz, Trustee has retained SVN-RIG (SVN) as exclusive advisor for the sale of the property at 311 W Imperial Hwy, Los Angeles, CA 90061 (“Property”).

This Offering Memorandum has been prepared by SVN for use by prospective purchasers and their advisors. It is not necessarily an all-inclusive or entirely accurate summary of the Property or any of the documents related thereto. All projections have been developed by Seller, SVN or affiliated sources and are based upon assumptions relating to the general economy, competition and other factors beyond the control of Seller and SVN, and therefore are subject to variation. No representation is made by Seller or SVN as to the accuracy or completeness of the information contained herein and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Seller and its employees, disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, SVN, Seller and its employees, disclaim any all liability for representations and warranties, expressed and implied, contained in, or for omission from, the Offering Memorandum, or any other written or oral communication transmitted or made available to the recipient. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.

Seller and SVN each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum, or making an offer to purchase the Property, unless and until such offer is approved by Seller, a written agreement for the purchase of the Property has been fully executed, delivered and approved by Seller and its legal counsel and any conditions to Seller’s obligations hereunder have been satisfied or waived.

This Offering Memorandum and the contents, except for such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity except to outside advisors retained by you if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality and that you will not use the Investment Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Seller or SVN.


SVN-RIG. The Information contained in this package has been obtained from sources believed reliable. While we do not doubt it’s accuracy, we have not verified it and make no guarantee, warranty or representation about it.

20 N Raymond AveSuite 300

Pasadena, CA 91103

626.538.3050 tel626.844.7799 faxwww.svn-rig.com

All SVN® offices are independently owned and operated.

Ielen SarkisianManaging Director

[email protected]

DRE Lic: 01325914

Mario HongAdvisor

[email protected]

DRE Lic: 02071897

Documents

California · Renter Occupied Housing Units 7,636 26,978 27,939 Demographic Overview SNI 311 W Imperial Hwy Los Angeles CA 90061 10 Aerial 3 Strategic Development Advisors, Inc. The