PRIME RENOVATION / REDEVELOPMENT SITE

Transcription

1 PRIME RENOVATION / REDEVELOPMENT SITE New Crenshaw/LAX Line Underground MLK Station Frontage Crenshaw Blvd, Los Angeles, CA EXCLUSIVELY MARKETED BY: Hyun Ki Kang Broker Associate ( ) kangoyou@yahoo.com Won Bae, CPM Broker Associate ( ) wonhbae@msn.com 6281 Beach Blvd. Suite 116, Buena Park, CA l T F l

2 Investments Summary Offering Price $1,600,000 APN# Building (SF): Lot (SF): Zoning: LAC 1.5 Stories: 2 Year Built: 1942 Approx. 3,808 SqFt Approx. 3,800 SqFt Synopsis REDPOINT Realty has been selected to exclusively market this Retail / Commercial Property, approximately 3,800+/- square foot development opportunity in the city of Los Angeles, County of Los Angeles. The subject property is located at the front of New Crenshaw/LAX Line Underground MLK Station which the Crenshaw/LAX Transit Corridor Project is scheduled to open in late The property is full of potential and ideal for various development opportunities. The subject property is located in the cross street of Baldwin Hills Crenshaw Plaza, where there is a huge plan to convert the 43- acre Baldwin Hills Crenshaw Plaza into a 24-Hour Community and a primary commercial street. Buyers have to verify with the county of Los Angeles for their Use.

3 Photos Under Construction Crenshaw / LAX Lines

4 Future MLK Station Kaiser Permanente, Baldwin Hills Crenshaw Medical Offices (Grand Opening - late 2017) Baldwin Hills Plaza Redevelopment by Capri Capital Partners planning to add 2 million square feet of new Retail and Office, hotel space and multifamily housing (Condos and Apartment)

5 AERIAL MAP LOCATION MAP AERIAL & LOCATON MAP l Crenshaw Boulevard, Los Angeles, CA 90008

6 Plat Map (APN# ) PLAT MAP l Crenshaw Boulevard, Los Angeles, CA 90008

7 CONFIDENTIALITY, DISCLAIMER AND EXCLUSIVE AGENCY MEMORANDUM This Offering Memorandum was prepared by Redpoint Realty ( Agent ) solely for the use of prospective purchasers of Crenshaw Boulevard, Los Angeles, CA (the Property ). Neither the Broker nor the Seller of the Property ( Seller ) makes any representation or warranty, expressed or implied, as to the completeness or the accuracy of the material contained in the Offering Memorandum. Prospective purchasers of the Property are advised that changes may have occurred in the physical or financial condition of the Property since the time this Offering Memorandum therein were made by Agent and not by Seller and are based upon assumptions or events beyond the control of Agent and Seller, and therefore may be subject to variation. Prospective purchasers of the Property are advised and encouraged to contact their own comprehensive review and analysis of the Property. The Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Seller and Agent expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. The 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 for the Property is approved by seller pursuant to its Finance Committee authorities and the signature of a President or Owner is affixed to a Real Estate Purchase Agreement prepared by Seller. This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree (1) that you will hold and treat the Offering Memorandum and its contents in the strictest confidence, (2) that you will not photocopy or duplicate any part of the Offering Memorandum, (3) that you will not disclose the Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Seller, and (4) that you will not use the Offering Memorandum in any fashion or manner detrimental to the Seller or Agent. Redpoint Realty, we obtained the information contained in this offering from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Seller will be responsible for any commission due to Agent in connection with a sale of the Property. Each prospective purchaser will be responsible for any claims for commissions by any other broker or agent in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker/agent. Any buyer s agent must provide a registration signed by the buyer acknowledging said agent s authority to act on its behalf. If you do not wish to pursue acquisition negotiations, the Confidential Information, and all copies of the Confidential, shall be immediately returned to: Redpoint Realty 6281 Beach Blvd, Suite 116 Buena Park, CA