Sun Valley M2 Zoned Land Opportunity - LoopNetimages2.loopnet.com/d2/HdWxBNOU9lN_qQUIjpo3UMXq8L478lpPIHMl… · M2 ZONE SUN VALLEY LAND OPPORTUNITY Sun Valley, CA ... Maximum floor

Sun Valley M2 Zoned Land Opportunity

Offering Memorandum

M2 ZONE SUN VALLEY LAND

OPPORTUNITY

Sun Valley, CA

ACT ID Y0120655

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in

this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation

with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any

agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of

providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SUN VALLEY M2 ZONED LAND OPPORTUNITY

3

INVESTMENT

OVERVIEW

OFFERING SUMMARY

Price $2,300,000

Down Payment 100% / $2,300,000

Loan Amount $0

Loan Type All Cash

Lot Size (SF) 56,383

Price/SF $40.79

Lot Size (Acres) 1.29 acre(s)

Price/Acre $1,782,945

Allowable Buildable SF 84,574

Number of Lots 9

Price/Lot $255,556

Type of Ownership Fee Simple

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EXECUTIVE SUMMARY

OFFERING SUMMARY

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M2 ZONE SUN VALLEY LAND OPPORTUNITY

4


4

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES *

Fire Dept-Station 98 3,000

Kaiser Permanente 3,000

Los Angeles Dept Wtr & Pwr

2,071

Diagnostic Labs & Rdlgy 1,500

Los Angeles Unified School Dst

1,414

Anthony International 1,275

Water & Power Dept 999

Penny Lane Centers 953

McDonalds 847

Target 777

US Post Office 718

Mission Community Hospital

700

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2016 Estimate Pop 11,577 193,532 622,907

2010 Census Pop 11,253 186,460 598,419

2016 Estimate HH 2,708 48,717 180,283

2010 Census HH 2,620 46,799 172,068

Median HH Income $43,562 $48,073 $46,832

Per Capita Income $14,298 $16,787 $19,213

Average HH Income $60,146 $66,042 $65,827

* # of Employees based on 5 mile radius


#

OFFERING SUMMARY

1.29 Acres of Vacant Land

Easy Access to Interstate 5 (Proximate to 170, 118, 405 & 210

Freeways)

Sun Valley - La Tuna Canyon Community Plan Area

Council District 6 - Nury Martinez

Nine Legal Parcels

INVESTMENT HIGHLIGHTS

Marcus & Millichap, as exclusive advisors is pleased to present approximately 1.29 Acres or 56,383-square feet of Vacant Land

located in Sun Valley, CA.

Subject Property is approximately 1.29 Acres (56,383-square feet) of vacant land zoned [T][Q]M2-1-CUGU, comprised of nine (9)

parcels which allows for a plethora of permitted uses. Buyer to verify their intended use with City of Los Angeles.

This unique opportunity is located on the Northeast Roadway of San Fernando Road. Boasting frontage along Sutter Avenue,

Art Street, Wicks Street and Ralston Avenue. Allowing investor a plethora of ingress/ egress access for their contemplated use.

The land is ideal for Manufacturing uses and development with numerous development options. Under the current Zone "M2"

(Light Industrial) and General Plan Land Use Designation (Heavy Manufacturing), it is intended to permit Light Industrial

development. Maximum floor area (FAR) in this district is 1.5 : 1. Buyer to verify with City of Los Angeles.

INVESTMENT OVERVIEW

5


PROPERTY SUMMARY

OFFERING SUMMARY

THE OFFERING

Property M2 Zone Sun Valley Land Opportunity

Price $2,300,000

Property Address 9203 Ralston Avenue,Sun Valley,CA

Assessors Parcel Number2538-008-

008|009|011|014|015|016|017|020|021

Zoning [T][Q]M2-1 - CUGU

General Plan Heavy Manufacturing

Lot Size Dimensions N/A

SITE DESCRIPTION


Price/SF $40.79

Lot Size (Acres) 1.2900


Allowable Buildable SF 84,574

FAR 1.5 : 1

Number of Lots 9

Price/Lot $255,556

Type of Ownership Fee Simple

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LOCATION OVERVIEW

9203 Ralston Avenue, Sun Valley, CA 91352

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEM2 ZONE SUN VALLEY LAND OPPORTUNITY

PRICING AND VALUATION MATRIX

PROPERTY NAMESUN VALLEY M2 ZONED LAND OPPORTUNITY

LOCATION OVERVIEW

7

#

LOCATION OVERVIEW

9203 Ralston Avenue, Sun Valley, CA 91352





LOCATION OVERVIEW

8

REGIONAL MAP


9

LOCAL MAP


10

AERIAL PHOTO


11


12

MARKET

COMPARABLES

8


SALES COMPARABLES MAP

13


OPPORTUNITY

(SUBJECT)

11738 Wicks Street

8874 Norris Ave

3003 Hollywood Way

5505 Cleon Avenue

123 W. Burbank Blvd

11257 Dora St

11128 Tuxford St

8588 Telfair Ave

6870 Troost Ave

18343 Napa St

21608 Nordhoff St

11153 Tuxford St

11115 Tuxford St

8786 Bradley Ave

SALES COMPARABLES

ON MARKET COMPARABLES

1

2

3

4

5

7

8

13

14

6

9

10

11

12

14

Avg. $2,515,037

Avg. $3,329,997

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

M2 Zone

Sun

Valley Land

Opportunity

11738

Wicks

Street

8874

Norris Ave

3003

Hollywood

Way

5505 Cleon

Avenue

123 W.

Burbank

Blvd

11257

Dora St

11128

Tuxford St

8588

Telfair Ave

6870

Troost Ave

18343

Napa St

21608

Nordhoff St

11153

Tuxford St

11115

Tuxford St

8786

Bradley Ave


COMPARABLES

Average Price Per Acre

SALES COMPARABLES

ON MARKET

COMPARABLES

SALES COMPS AVG

ON MARKET COMPS

AVG

PROPERTY NAME

MARKETING TEAM


COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


15

SALES COMPARABLES ON MARKET COMPARABLES

rentpropertyname1


673 VISTA ISLE DRIVE

673 VISTA ISLE DRIVE, SUNRISE, FL, 33325


OPPORTUNITY9203 RALSTON AVENUE, SUN VALLEY, CA, 91352

Asking Price $2,300,000

Down Payment $2,300,000

Down Payment % 100%

Price/SF $40.79

Lot Size (Acres) 1.29 acre(s)


11738 WICKS STREET, SUN VALLEY, CA, 91352

11738 WICKS STREET

1

Close of Escrow 8/18/2016

Sales Price $625,000

Down Payment % 100%

Zoning [T][Q]M2-1


Price/SF $40.53



Lot Dimensions N/A

8874 NORRIS AVE, SUN VALLEY, CA, 91352

8874 NORRIS AVENUE

2



Down Payment % 100%

Zoning M2-1

Price/SF $74.86



Lot Dimensions N/A

PROPERTY NAME

MARKETING TEAM


COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


16


3003 HOLLYWOOD WAY, BURBANK, CA, 91505

3003 HOLLYWOOD WAY

3


Sales Price $1,400,000

Down Payment % 100%

Zoning M2

Price/SF $45.91



Lot Dimensions N/A

5505 CLEON AVENUE, NORTH HOLLYWOOD, CA, 91601

5505 CLEON AVENUE

4



Down Payment % 100%

Zoning MR2-1VL

Price/SF $57.39



Lot Dimensions N/A

123 W. BURBANK BLVD, BURBANK, CA, 91502

123 WEST BURBANK BOULEVARD

5


Sales Price $1,250,000

Down Payment % 100%

Zoning M2

Price/SF $69.99



Lot Dimensions N/A

PROPERTY NAME

MARKETING TEAM


COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


17


11257 DORA ST, SUN VALLEY, CA, 91352

11257 DORA STREET

6

On Market

List Price $620,000

Down Payment % 100%

Zoning [Q]M1-1

Lot Size (SF) 5,639

Price/SF $109.49



Lot Dimensions N/A

11128 TUXFORD ST, SUN VALLEY, CA, 91352

11128 TUXFORD STREET

7

On Market

List Price $544,000

Down Payment % 100%

Zoning M2-1

Lot Size (SF) 6,107

Price/SF $89.20



Lot Dimensions N/A

8588 TELFAIR AVE, SUN VALLEY, CA, 91352

8588 TELFAIR AVENUE

8

On Market

List Price $815,000

Down Payment % 100%

Zoning [Q]MR1-1VL


Price/SF $75.14



Lot Dimensions N/A

PROPERTY NAME

MARKETING TEAM


COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


18


6870 TROOST AVE, NORTH HOLLYWOOD, CA, 91605

6870 TROOST AVENUE

9

On Market

List Price $3,900,000

Down Payment % 100%

Zoning M1-1VL


Price/SF $42.23



Lot Dimensions N/A

18343 NAPA ST, NORTHRIDGE, CA, 91325

18343 NAPA STREET

10

On Market


Down Payment % 100%

Zoning LA MR1-


Price/SF $60.04



Lot Dimensions N/A

21608 NORDHOFF ST, CHATSWORTH, CA, 91311

21608 NORDHOFF STREET

11

On Market


Down Payment % 100%

Zoning LA MR2-1


Price/SF $59.89



Lot Dimensions N/A

PROPERTY NAME

MARKETING TEAM


COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


19




12

On Market


Down Payment % 100%

Zoning [T][Q]M3-1

Price/SF $94.53



Lot Dimensions N/A



13

On Market

List Price $975,000

Down Payment % 100%

Zoning M3


Price/SF $91.73



Lot Dimensions N/A

8786 BRADLEY AVE, SUN VALLEY, CA, 91352

8786 BRADLEY AVENUE

14

On Market

List Price $825,000

Down Payment % 100%

Zoning M1


Price/SF $65.76



Lot Dimensions N/A


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MARKET

OVERVIEW

MARKET OVERVIEW

Almost 2.5 million people reside in the San Fernando Valley, which includes the submarkets of Northridge-Northwest San Fernando Valley, Van Nuys-Northeast San

Fernando Valley, Woodland Hills, Burbank-Glendale-Pasadena and Sherman Oaks-North Hollywood-Encino. The area’s population is expected to increase by 1.9 percent

through 2020, or by 47,400 new residents.

Known for its entertainment industry, the Valley boasts more than 100 soundstages. Entertainment giants calling the Valley home include Walt Disney Co., Universal

Studios, Warner Brothers, DreamWorks and Paramount Ranch. The entertainment industry continues to set the area’s economic pulse. Local motion-picture and

entertainment companies employ roughly 25,000 people.

While the Valley has grown into the world’s center for entertainment, aerospace giants Boeing and Northrop Grumman and 21st Century Insurance also generate numerous

well-paying jobs. Healthcare is also a major source of employment with providers that include Kaiser Permanente and Providence Health & Services. As a result of its large

concentration of high-salaries and successful companies, the area’s median household income of $61,600 per year has risen dramatically in recent years.

Although the median home prices dipped during the recession, affordability remains a challenge for much of the local population. High home prices keep the

homeownership rate at 50 percent in the San Fernando Valley and provide a large rental base.

MAJOR EMPLOYERS

Warner Bros. Entertainment Inc.

The Walt Disney Co.

Kaiser Permanente

UCLA Medical Center

Yahoo! Inc.

Providence Health & Services

Boeing

NBCUniversal

21st Century Insurance Co.

Northrop Grumman Corp.Sources: Marcus & Millichap Research Services; Experian

SAN FERNANDO VALLEY


SHARE OF TOTAL EMPLOYMENTSAN FERNANDO VALLEY EMP.: 915,700

Services 46%

Retail Trade 17%

Manufacturing 9%

Finance, Insurance & Real Estate 8%

Public Administration 5%

Transportation, Communications & Utilities 5%

Construction 4%

Unclassified 5%

The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or

reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.

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PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2016 Experian

Created on May 2017

POPULATION 1 Miles 3 Miles 5 Miles

2021 Projection

Total Population 11,962 197,812 633,139

2016 Estimate


2010 Census


2000 Census


Daytime Population

2016 Estimate 14,877 169,805 549,248

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

2021 Projection

Total Households 2,808 50,065 184,053

2016 Estimate


Average (Mean) Household Size 4.07 3.85 3.37

2010 Census


2000 Census


HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

2016 Estimate

$250,000 or More 1.05% 1.55% 1.78%

$200,000 - $249,999 0.90% 1.10% 1.14%

$150,000 - $199,999 2.31% 3.34% 3.45%

$125,000 - $149,999 3.47% 4.08% 3.86%

$100,000 - $124,999 7.48% 7.36% 7.01%

$75,000 - $99,999 10.46% 12.19% 11.64%

$50,000 - $74,999 19.56% 18.72% 18.44%

$35,000 - $49,999 16.17% 14.61% 14.38%

$25,000 - $34,999 13.64% 12.25% 12.04%

$15,000 - $24,999 13.67% 12.79% 13.08%

Under $15,000 11.28% 12.00% 13.19%

Average Household Income $60,146 $66,042 $65,827

Median Household Income $43,562 $48,073 $46,832

Per Capita Income $14,298 $16,787 $19,213

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PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS


Created on May 2017

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population by Age

0 to 4 Years 7.83% 7.33% 7.27%

5 to 14 Years 14.99% 14.03% 13.54%

15 to 17 Years 4.87% 4.55% 4.26%

18 to 19 Years 2.87% 2.81% 2.63%

20 to 24 Years 9.12% 8.59% 8.25%

25 to 29 Years 8.58% 8.75% 8.88%

30 to 34 Years 7.21% 7.53% 7.96%

35 to 39 Years 6.96% 6.90% 7.19%

40 to 49 Years 13.18% 13.25% 13.71%

50 to 59 Years 11.11% 12.04% 12.14%

60 to 64 Years 4.15% 4.48% 4.45%

65 to 69 Years 3.34% 3.36% 3.28%

70 to 74 Years 2.22% 2.36% 2.29%

75 to 79 Years 1.45% 1.63% 1.65%

80 to 84 Years 1.03% 1.17% 1.18%

Age 85+ 1.07% 1.23% 1.33%

Median Age 31.14 32.55 33.20

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population 25+ by Education Level

2016 Estimate Population Age 25+ 6,983 121,351 399,053

Elementary (0-8) 22.93% 21.58% 17.03%

Some High School (9-11) 12.52% 13.76% 12.51%

High School Graduate (12) 23.55% 23.65% 23.33%

Some College (13-15) 17.51% 16.44% 18.42%

Associate Degree Only 5.71% 5.60% 5.98%

Bachelors Degree Only 9.93% 10.45% 13.99%

Graduate Degree 2.12% 3.50% 4.67%

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Income

In 2016, the median household income for your selected geography is

$43,562, compare this to the US average which is currently $54,505.

The median household income for your area has changed by 26.22%

since 2000. It is estimated that the median household income in your

area will be $51,676 five years from now, which represents a change

of 18.63% from the current year.

The current year per capita income in your area is $14,298, compare

this to the US average, which is $29,962. The current year average

household income in your area is $60,146, compare this to the US

average which is $78,425.

Population

In 2016, the population in your selected geography is 11,577. The

population has changed by 18.05% since 2000. It is estimated that

the population in your area will be 11,962.00 five years from now,

which represents a change of 3.33% from the current year. The

current population is 50.38% male and 49.62% female. The median

age of the population in your area is 31.14, compare this to the US

average which is 37.68. The population density in your area is

3,684.47 people per square mile.

Households

There are currently 2,708 households in your selected geography. The

number of households has changed by 17.28% since 2000. It is

estimated that the number of households in your area will be 2,808

five years from now, which represents a change of 3.69% from the

current year. The average household size in your area is 4.07 persons.

Employment

In 2016, there are 9,479 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

41.05% of employees are employed in white-collar occupations in

this geography, and 57.18% are employed in blue-collar occupations.

In 2016, unemployment in this area is 11.79%. In 2000, the average

time traveled to work was 30.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

46.07% White, 2.36% Black, 0.13% Native American and 6.98%

Asian/Pacific Islander. Compare these to US averages which are:

70.77% White, 12.80% Black, 0.19% Native American and 5.36%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 80.96% of the current year

population in your selected area. Compare this to the US average of

17.65%.

PROPERTY NAME

MARKETING TEAM


Housing

The median housing value in your area was $395,443 in 2016,

compare this to the US average of $187,181. In 2000, there were

1,320 owner occupied housing units in your area and there were 990

renter occupied housing units in your area. The median rent at the

time was $563.


DEMOGRAPHICS

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TRAFFIC COUNTYEAR COUNT

2011 23,150

2011 18,738

2009 14,859

MARKETING PLAN

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25

MARKET OVERVIEW


www.MarcusMillichap.com

Lonnie McDermott

First Vice President Investments

Senior Director, National Land GroupEncino OfficeTel: (818) 212-2745

Fax: (818) 212-2710

[email protected]

License: CA 01874375

P R E S E N T E D B Y

Documents

Sun Valley M2 Zoned Land Opportunity - LoopNetimages2.loopnet.com/d2/HdWxBNOU9lN_qQUIjpo3UMXq8L478lpPIHMl… · M2 ZONE SUN VALLEY LAND OPPORTUNITY Sun Valley, CA ... Maximum floor