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DAVID MALDONADO 310.442.1624 [email protected] CalRE# 01949738 DAVID B. THIND 310.442.1625 [email protected] CalRE# 00402966 PRICE REDUCTION

PRICE REDUCTION - LoopNet

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DAVID [email protected]# 01949738

DAVID B. [email protected]# 00402966

PRICE REDUCTION

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$975,000

5,400$180.55

$7,337 1930

Price Building Apx. SFPrice Per SFLot SizeYear Built / Renovated

Executive Summary

$880,000

$162.96 psf

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This subject property consists of 5,400 SF of building on a 7,337 SF lot. This multi-

tenant retail building has exceptional signage and is ideal for an owner user or value add

investor with great visibility and boundless vehicular and walking traffic. Nestled in the

heart of South Gate, 3463 Tweedy Boulevard is favorably located walking distance to

several nation tenants such as McDonald’s, Auto Zone, Pizza Hut, Citibank among

others. This value add play presents an investor the opportunity to capitalize on the

upside potential

Prime Tweedy Mile Location

6 Parking Spots

Value Add

Owner/User Opportunity with SBA Financing as little

Property Details

3463 Tweedy Boulevard, South Gate, CA 90280. The property is ideally located on Tweedy Boulevard between California Avenue & Virginia Avenue in the heart of Tweedy Mile. South Gat e is densely populated with approximately 450,000 people within a three-mile radius, and more than 1,000,000 people in a five-mile radius of the subject property.

Address 3463 Tweedy Boulevard

City State South Gate, CA 90280

Property Type Multi-Tenant Retail

Build ing SF 5,400

Lot Size SF 7,337

APN 6209-016-015

Zoning SGC2*

Address Price Sale Date Bldg. SF Price/SF Lot SF

1 4382 Tweedy Boulevard $1,840,000 9/28/2016 8,424 $218.42 8,648

South Gate, CA 90280

Multi tenant retail property.

2 3606 Tweedy Boulevard $1,510,000 5/2/2017 8,232 $183.43 10,070

South Gate, CA 90280

Multi tenant retail property consisting of 1,381 SF of mezzanine space.

3 3637 Tweedy Boulevard $1,164,000 7/1/2016 7,515 $154.89 7,515

South Gate, CA 90280

Single tenant retail property, delivered vacant; owner/user sale.

4 3310 Tweedy Boulevard $800,000 6/9/2017 2,700 $296.30 11,609

South Gate, CA 90280

Single tenant retail property delivered vacant; owner/user sale (Sold by The Hirth Group).

Averages/Totals 5,292 $213.26

S 3463 Tweedy Boulevard $949,000 5,400 $175.74 7,337

South Gate, CA 90280

Sales Comparables

3

1

4

2

S

1 4382 Tweedy Boulevard

2 3606 Tweedy Boulevard

3 3637 Tweedy Boulevard

4 3310 Tweedy Boulevard

S 3463 Tweedy Boulevard

Sales Comparables

Just over three miles in length, Tweedy Boulevard is one of the main commercial corridors in the City. The Specific Plan area is

approximately 650 acres in size, and is generally bounded by Indiana Avenue to the north and Michigan Avenue to the south, the City of Los

Angeles to the west, and the Los Angeles River to the east.

Tweedy Boulevard contains the area commonly known as “Tweedy Mile,” which was, historically, the downtown of South Gate – the place

for shopping, dining, entertainment, and recreation. These functions are evident in the provisions for public parking, streetscape enhancements,

the historic Allen Theater, the County of Los Angeles Public Library, several older elementary schools, and South Gate Park. Tweedy Mile really

was a “complete street” which served as the heart of the City. Over time, incompatible strip commercial development has replaced older buildings

along the Boulevard.

The Tweedy Boulevard Specific Plan presents the opportunity to revitalize the heart of the City with a plan that embodies both the best of South

Gate’s history and its future potential. While Tweedy Boulevard has numerous issues, it presents a tremendous asset and opportunity for the

community as a citywide and regional destination. With your input throughout this process, the Specific Plan will help return Tweedy Boulevard to

being a vibrant urban corridor.

LAUSD Primary Schools

Bryson Avenue Elementary School

Independence Elementary School

Liberty Boulevard Elementary School

Madison Elementary School

Montara Avenue Elementary School

San Gabriel Avenue Elementary School

San Miguel Avenue Elementary School

Stanford Avenue Elementary School

Stanford New Primary Center

State Street Elementary School

Tweedy Elementary School

Victoria Avenue Elementary School

LAUSD charter schools

Firestone

Aspire Gateway

Valiente College Preparatory Charter

School LAUSD middle schools

South Gate Middle School

South East Middle School

LAUSD high schools

South Gate High School

South East High School

POPULATION 1-MILE 3-MILE 5-MILE

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

DIVERSITY 1-MILE 3-MILE 5-MILE

©2018 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Coldwell Banker Residential Brokerage office is owned by a subsidiary of NRT LLC. Coldwell Banker® and the Coldwell Banker Logo, Coldwell BankerPreviews International® and the Coldwell Banker Previews International Logo, are registered service marks owned by Coldwell Banker Real Estate LLC. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public recordsor other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals.

DAVID [email protected]# 01949738

DAVID B. [email protected]# 00402966