2959 FOR SALE HIGHLY VISIBLE RETAIL CORNERimages3.loopnet.com/d2/VOLiIPGmoqWLdg7OlHEZG8kW2...CURRENT USE Retail Restaurant 2959 South Crenshaw Boulevard, Los Angeles, CA 90016, is

835 Wi lsh i re Bou levard , Los Ange les , CA 90017 1 CHARLES DUNN COMPANY, INC.800 West Sixth Street, Suite 800 | Los Angeles, CA 90017 | Lic. #01201641 | charlesdunn.com

CONTACT:

2 9 5 9S O U T H C R E N S H A W B O U L E V A R DL O S A N G E L E S , C A 9 0 0 1 6

HIGHLY VISIBLE RETAIL CORNER

South Crenshaw Boulevard

Wes

t 30t

h St

reet

FOR SALE COMMERCIAL PROPERTY

TRACY TAFTDirector

Lic. #00903455Direct | 213.270.6207

[email protected]

2959 South Crenshaw Bou levard | Los Ange les , CA 90016 | 2 www.charlesdunn.com

PROPERTY OVERVIEW

PROPERTY INFORMATION

ADDRESS 2959 South Crenshaw Boulevard Los Angeles, CA 90016

SALE PRICE $1,200,000

APN 5050-018-009

YEAR BUILT 1971

BUILDING AREA 1,401 SF

LAND AREA 9,191 SF

ZONING LAC1.5-1-SP

CURRENT USE Retail Restaurant

2959 South Crenshaw Boulevard, Los Angeles, CA 90016, is also identified by the Los Angeles County Assessor’s Office as Parcel Number 5050-018-009. The Property consists of a retail restaurant building of approximately 1,401 square feet situated on 9,191 square feet of land. The building is zoned LAC1.5-1-SP and is currently being utilized as a restaurant with onsite parking.

PROPERTY ATTRIBUTES

South Crenshaw Boulevard

30th

Stre

et

Exceeding50,202Cars Per Day

• Highly visible retail location on major thoroughfare• Signalized corner• Square corner parcel with three curb-cuts• High available daily traffic - 56,202 cars per day* • Located on rapidly developing Crenshaw Boulevard corridor• Approximately .34 mile from Expo/Crenshaw/LAX Metro Station

and approximately .48 miles from 10 Freeway• Excellent new retail/commercial development opportunity

*Source: Costar

85WALK SCORE


PROPERTY PHOTOS


NEIGHBORING RETAILERS

W Jefferson Boulevard W Jefferson Boulevard

7th Avenue

Cren

shaw

Bou

leva

rd

Buckingham Road

W Adams Boulevard

W Exposition Boulevard

Arlington Avenue

Rodeo Road

Coliseum Street

Expo Line /Crenshaw Line

SUBJECT PROPERTY


AREA DEVELOPMENT

ADDRESS PROPERTY TYPE PROPERTY SIZE (SF)

1 4314 W Adams Blvd Class A Multifamily/Apartments 60,000

2 4347 W Adams Blvd Class A Multifamily/Apartments 55,000

3 6336 Brynhurst Ave Class B Multifamily/Apartments 15,370

4 4018 Buckingham Rd Class A Multifamily/Apartments 140,000

5 2645 Crenshaw Blvd Class A Multifamily/Apartments 80,000

6 3411-3429 Crenshaw Blvd Class A Multifamily/Apartments 55,000

7 3562-3670 Crenshaw Blvd Retail 306,852

8 3690 Crenshaw Blvd Class A Multifamily/Apartments 160,000

9 5414 S Crenshaw Blvd Class A Multifamily/Apartments 75,000

10 3780 W MLK Jr Class A Office/Medical 100,000

11 4220 Mont Clair St Class A Multifamily/Apartments 40,000

12 3444 Rodeo Rd Mixed-use 225,000

13 4617 W Slauson Ave Retail/Restaurant 3,520

14 3831 W Stocker St Class A Multifamily/Apartments 74,000

15 6558-6572 West Blvd Specialty/Shelter 45,305

16 3661-3664 Western Ave Class A Multifamily/Apartments 29,780

17 5407 S Western Ave Retail/Storefront 12,460

1 3

9

1 47

1 68

41 0

6

1 2

1 112

1 7

3

1 5

PROPOSED & UNDER CONSTRUCTION

5SUBJECT

PROPERTY


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Jefferson/USC

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La Cienega/Jefferson

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Vermont/Athens

Redondo Beach

Douglas

El Segundo

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Hawthorne/Lennox

Crenshaw

Avalon

Wilshire/Western

Wilshire/Normandie

Westlake/MacArthur

Park

Vermont/Beverly

Wilshire/Vermont

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Slauson

37th St/USC

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105

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GARDENA

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Existing Metro Rail & Station

Metro Silver Line & Station

Purple Line Extension (under construction)

Purple Line Extension(approved alignment)

Exposition Transit Corridor Phase 2 (under construction)

Harbor Subdivision

Light Rail (LRT) Alignment & Station

At-Grade LRT

Below Grade LRT

Aerial LRT

Maintenance Yard Site

Parking

Subject to Change 14-0207 ©2013 LACMTA

Crenshaw/LAX Transit Corridor(under construction)

Línea y estación de Metro existente

Metro Silver Line y estación

Extensión de Purple Line (bajo construcción)

Extensión de Purple Line (alineamiento aprobado)

Corredor de Transporte Exposition fase 2(bajo construcción)

Harbor Subdivision

Estación y alineamiento de tren ligero (LRT)

LRT a nivel de la calle

LRT debajo de nivel

LRT a nivel elevado

Sitio de mantenimiento

Estacionamiento

Sujeto a cambios 16-0208 ©2015 LACMTA

Corredor de Transporte Crenshaw/LAX(bajo construcción)

16-0208 ©2015 LACMTA

Crenshaw/LAX Transit ProjectCRENSHAW-LAX TRANSIT PROJECTThe Metro Crenshaw/LAX Line will extend from the existing Metro Exposition Line at Crenshaw and Exposition Boulevards. The Line will travel 8.5 miles to the Metro Green Line and will serve the cities of Los Angeles, Inglewood and El Segundo, and portions of unincorporated Los Angeles County. The new Metro Rail extension will offer an alternative transportation option to congested roadways and provide significant environmental benefits, economic development and employment opportunities throughout Los Angeles County. Riders will be able to make easy connections within the entire Metro Rail system, municipal bus lines and other regional transportation services.

The Crenshaw/LAX Transit Project will serve the Crenshaw District, Inglewood, Westchester and surrounding area with eight stations at:

1. Expo/Crenshaw 2. Martin Luther King Jr. 3. Leimert Park 4. Hyde Park 5. Fairview Heights 6. Downtown Inglewood 7. Westchester/Veterans 8. Aviation/Century

In addition to the alternative transportation option to congested roadways, the project will also provide significant environmental benefits, economic development and employment opportunities throughout Los Angeles County.

The Crenshaw/LAX Project is one of 12 transit projects funded by Measure R, the half-cent sales tax approved by Los Angeles County voters in 2008.

SUBJECT PROPERTY


DEMOGRAPHICS

South Los Angeles1 Mile Ring 3 Mile Ring 5 Mile Ring

Population Trend

2010 Total Population 43,408 407,419 1,238,410



Population Change 2010 to 2021 8.8% 6.9% 6.8%

Population Change 2016 to 2021 3.5% 2.9% 2.9%

2016 Race and Ethnicity

White alone 20.7% 27.4% 36.6%

Black or African American alone 40.0% 28.1% 18.9%

Asian alone 5.2% 12.8% 12.6%

Other Race 34.2% 31.7% 31.9%

Hispanic 50.8% 47.7% 48.6%

2016 Age

Median Age 35.5 34.8 34.2

2016 Occupation

Civilian employed population 16 years and over 20,307 196,615 620,681

White collar 47.0% 53.9% 56.3%

Blue collar 53.0% 46.1% 43.7%

2016 Educational Attainment

Population 25 years and over 30,419 284,349 871,297

No High School Diploma 28.3% 27.4% 27.5%

High school graduate, GED, or alternative 23.7% 21.3% 18.9%

College No Degree 23.5% 19.0% 17.7%

College or Advanced Degree 24.5% 32.2% 35.9%

2016 Marital Status

Married 35.6% 36.7% 36.4%

Not Married 64.4% 63.3% 63.6%

2016 Household Size

Average Household Size 2.9 2.8 2.7

1 Mile Ring 3 Mile Ring 5 Mile Ring

Household Trend

2010 Households 15,026 144,370 457,252

2016 Households 15,409 146,246 462,504

2021 Households 15,663 147,649 466,942

Household Change 2010 to 2021 4.2% 2.3% 2.1%

Household Change 2016 to 2021 1.6% 1.0% 1.0%

Household Income Trend

2000 Median Income $27,307 $29,311 $29,811

2010 Median Income $40,007 $39,411 $40,816

2016 Median Income $39,479 $39,470 $41,526

2021 Median Income $43,427 $43,590 $45,720

Median Income Change 2000 to 2010 46.5% 34.5% 36.9%




2016 Household Income

Up to $24,999 34.6% 33.5% 31.8%

$25,000 to $49,999 25.6% 26.1% 25.6%

$50,000 to $74,999 17.2% 15.4% 15.3%

$75,000 to $124,999 15.2% 14.2% 14.6%

$125,000 to $199,999 5.6% 6.9% 7.4%

$200,000 or more 1.8% 4.0% 5.3%

2016 Home Value

Median Home Value $365,842.10 $435,319.10 $461,800.70

Average Home Value $428,108.40 $579,669.30 $670,888.80

2016 Occupancy

Households 15,409 146,246 462,504

Owner Occupied 36.1% 28.7% 25.1%

Renter Occupied 63.9% 71.3% 74.9%

© Charles Dunn Company, Inc. These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by the Charles Dunn Company or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations.

CHARLES DUNN COMPANY | 800 West Sixth Street, Suite 800 | Los Angeles, CA 90017 | Lic. #01201641 | charlesdunn.com

TRACY TAFTDirector

Lic. #00903455Direct | 213.270.6207

[email protected]

2 9 5 9S O U T H C R E N S H A W B O U L E V A R D

L O S A N G E L E S , C A 9 0 0 1 6

Documents

2959 FOR SALE HIGHLY VISIBLE RETAIL CORNERimages3.loopnet.com/d2/VOLiIPGmoqWLdg7OlHEZG8kW2...CURRENT USE Retail Restaurant 2959 South Crenshaw Boulevard, Los Angeles, CA 90016, is