PRICE REDUCTION DAVID MALDONADO 310.442.1624 dave@thindwest.com CalRE# 01949738 DAVID B. THIND 310.442.1625 davidthind@coldwellbanker.com CalRE# 00402966
Executive Summary Price Building Apx. SF Price Per SF Lot Size Year Built / Renovated $975,000 5,400 $180.55 $7,337 1930 $880,000 $162.96 psf
Property Details This subject property consists of 5,400 SF of building on a 7,337 SF lot. This multitenant 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 Owner/User Opportunity with SBA Financing as little Prime Tweedy Mile Location 6 Parking Spots Value Add
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 A PN 6209-016-015 Zoning SGC2*
Sales Comparables 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 4 S 2 3 1 1 4382 Tweedy Boulevard 2 3606 Tweedy Boulevard 3 3637 Tweedy Boulevard 4 3310 Tweedy Boulevard S 3463 Tweedy Boulevard
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.
POPULATION 1-MILE 3-MILE 5-MILE 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 HOUSEHOLDS 1-MILE 3-MILE 5-MILE DIVERSITY 1-MILE 3-MILE 5-MILE 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
DAVID MALDONADO 310.442.1624 dave@thindwest.com CalRE# 01949738 DAVID B. THIND 310.442.1625 davidthind@coldwellbanker.com CalRE# 00402966 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 Banker Previews 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 records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals.