The “Crenshaw Ford” PropertyLos Angeles, CA 90043 Exclusive Listing Broker: Frank Evanisko Mike...

The The ““Crenshaw FordCrenshaw Ford”” PropertyProperty• Existing Auto Showroom Facility• Potential Development Site

Los Angeles, CA 90043

Exclusive Listing Broker:Frank EvaniskoMike Evanisko

12711 Ventura Blvd.Suite 305

Studio City, CA 91604818.508.3480

www.EvaniskoRealty.com

FOR SALEFOR SALE

This brochure has been prepared to provide summary, unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Evanisko Realty & Investment, Inc. has not made

any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property and improvements, the presence or absence of contaminating substances, PCB’s or

asbestos, the compliance with State and Federal regulations, or the physical condition of the improvements thereon. The information contained in this brochure have been obtained from sources we believe to be

reliable; however, Evanisko Realty & Investment, Inc. has not verified, and will not verify, any of the information contained herein, nor has Evanisko Realty & Investment, Inc. conducted any investigation

regarding theses matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all

of the information set forth herein.

Please contact Frank Evanisko for additional information/guidance pertaining to this opportunity.

Disclosure



Property Highlights

The “Crenshaw Ford” Property will present a developer and/or investor with the opportunity to acquire, reposition, and/or redevelop a strategically located infill assemblage of commercial – zoned parcels and buildings along a major commercial thoroughfare. The Property is located approximately one mile south of the Baldwin Hills Crenshaw Shopping Plaza. The 860,000 sq. ft. mall is the oldest regional shopping center in the United States and underwent a significant facelift after its sale to Chicago-Based Capri Capital Partners in 2006.

The Subject Property consists of an existing 32,091 sq. ft. automotive showroom/service facility and a 2774 sq. ft. office building on 63,031 sq. ft. of land. Also included is a 24,044 sq. ft. parking lot.

Both City Council and the CRA have expressed an interest in either a retail development or a market-rate mixed- use development on the site in addition to a multitude of potential uses for the existing structures.

• 5147 – 5341 Crenshaw Blvd., Los Angeles, CA 90043

• APN: 5006-006-004, 022, 5013-018-005, 006

• Total Land Area: 87,075 sq. ft. (2.0 Acres)

• Zoning: [Q]C2-1

• CRA: Crenshaw/Slauson Redevelopment Project andCrenshaw Redevelopment Project

• Specific Plan Area: Crenshaw Corridor

• Los Angeles State Enterprise Zone

• 35% Bonus Density: Eligible

• Council District: 8 – Bernard Parks

• Property abuts service lane parallel to Crenshaw Blvd.

• Existing Improvements: 32,091 sq. ft. car dealershipfacility, 2,774 sq. ft. office building, and parking lot. Total existing building area: 34,865 sq. ft.

• Property will be delivered vacant.

• Entitlements: None. Seller will provide Phase I environmental report.

• Price: $7,500,000 ($86/Ft. Land) ($215.14/Ft. Building)

• Please do not disturb occupants of property. Drive by only.



52nd St.

Crenshaw

Blvd.

N

Aerial View



Zoning Overlay



Zoning Overlay



Major Retailers

Location:Retailer:

3737 Crenshaw Blvd.

4005 Crenshaw Blvd.

4101 Crenshaw Blvd.

4145 Crenshaw Blvd.,

4297 Crenshaw Blvd.

3728 Crenshaw Blvd.

3220 W. Slauson Ave.

3670 Crenshaw Blvd.

3939 Crenshaw Blvd.

3730 Crenshaw Blvd.

4143 Crenshaw Blvd.

3741 Crenshaw Blvd.

3722 Crenshaw Blvd.



http://www.cvs.com/CVSApp/cvs/gateway/cvsmain



Platt

Showroom/Office BuildingAPN: 5006-006-022, 004Land Area: 63,031 sq. ft.395’ Frontage160’ Depth



Platt

Parking LotAPN: 5013-018-005, 006Land Area: 24,044150’ Frontage160’ Depth

Parcel Breakdown

APN: Address: Land Area: Existing Improvement: Zoning:

5006-006-004 5341 Crenshaw Blvd. 3,049 Sq. Ft. 2,774 Sq. Ft. Office Building [Q]C2-1

5013-018-006 5157 Crenshaw Blvd. 12,022 Sq. Ft. Parking Lot [Q]C2-1

5013-018-005 5147 Crenshaw Blvd. 12,022 Sq. Ft. Parking Lot [Q]C2-1

32,091 Sq. Ft. Dealership/Showroom Facility

5006-006-022 5311 Crenshaw Blvd. 59,982 Sq. Ft. [Q]C2-1



Applicable CRA Project Areas

• APN’s: 5013-018-005, 006 are located within the newboundaries of the Crenshaw Redevelopment Project area.

• APN’s: 5006-006-022, 004 are located within the boundaries of the Crenshaw/Slauson Redevelopmentproject Area.

APN: 5013-018-005, 006

APN: 5006-006-022, 004



Facing South West@ 52nd St.

Facing WestParking Lot

Facing WestShowroom Facility

Facing North West@ 52nd St.

Property Views



Location

Transaction Details

Location: 5147-5341 Crenshaw Blvd. Los Angeles, CA 90043 [T.G. 673, F5]

Zoning: [Q]C2-1

Existing Improvements: Delivered vacant upon C.O.E.. Current owner mayconsider lease-back after C.O.E.

Property Access: Seller will allow buyer access to property for inspections,survey, etc. With a 48 hr. prior notice to Seller.

Entitlements: None. Seller will provide a Phase 1 environmental report.

Price: $7,500,000 ($86/Ft. Land) ($215.14/Ft. Building)

Deal Structure: Seller will allow buyer up to 60 days to conduct their due diligence after which point the deposit will become non-refundable to Buyer. Escrow closing date TBD.

Deposit Amount: 3% of purchase price shall become non-refundable, released to Seller, credited against purchase priceupon the expiration of Buyer’s due diligence period.

Commission: Cooperating broker to receive 2% of final purchase price at C.O.E. paid by Seller.

Please contact Frank Evanisko for additional information/guidance pertainingto this opportunity.

(818) 508-3480 [email protected] www.EvaniskoRealty.com



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The “Crenshaw Ford” PropertyLos Angeles, CA 90043 Exclusive Listing Broker: Frank Evanisko Mike...

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