1615-1635 w florence ave v2 - korus real...
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LAND FOR SALE1615 - 1635 W FLORENCE AVELOS ANGELES, CA 90047
W FLORENCE AVE
W FLORENCE AVE
DENKER AVE
DENKER AVE
Michelle SuhBRE# 01335563O: (213) 251-9000 x102�C: (213) [email protected]
Mark Hong BRE #01067529O: (213)251-9000 x101C: (213)[email protected]
25,394 sq. ft.25,394 sq. ft.
S W
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S W
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W FLORENCE AVE
DOWNTOWNDOWNTOWNLOS ANGELESLOS ANGELES
DENKER AVE
FLORENCE AVE
FLORENCE AVE
W 71ST ST
W 71ST ST
SUBJECT PROPERTY
SUBJECT PROPERTY
S HARVARD BLVD
S HARVARD BLVD
DENKER AVEDENKER AVE
W FLORENCE AVE
W FLORENCE AVE DENKER
AVE
DENKER
AVE
S HARVARD BLVD
S HARVARD BLVD
SUBJECT PROPERTY
SUBJECT PROPERTY
Address:
Offering Price:
APN’s:
Land Size:
Land Price:
Zoning:
1615-1635 W Florence AveLos Angeles, CA 90047
$900,000
6015-035-001, 002, 003,004, 030, & 031
25,394 sq. ft. (0.58 ac)
$35 per sq. ft.
C2-1VL
PROPERTY INFORMATION
PROPERTY HIGHLIGHTS- First time available for sale in 34 years.
- Multi-family or commercial redevelopment.
- Existing nursery + 2 buildings.
- ±270’ frontage on Florence Ave.
- Property to be provided vacant at closing.
- Within the Western-Slauson redevelopment area.
- Property is located within Council District 8.
** Please do not disturb tenants
SUBJECT PROPERTY
Morgan Place7301 Crenshaw Blvd55 unitsSenior housing
Vermont Seniors3901-3925 S Vermont Ave140 units Senior housing
Menlo Park Apartments831 W 70th St49 unitsAffordable family housing
Broadway Villas 9413 S. Spring St 49 units Senior housing3,000 sq. ft. retail space
Imani Fe 10424 S. Central Ave90 units (1,2,3 bedrooms)Low income housing
NEW RESIDENTIAL PROJECTS - CD 8
PARCEL MAP
ZONING MAP
W. Florence Ave
Har
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Blv
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Denk
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W. Florence Ave
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SUBJECT PROPERTYSUBJECT PROPERTY
SUBJECT PROPERTYSUBJECT PROPERTYC2-1 VLC2-1 VL
Date Closed Address Sale Price
Square Feet
Price/SF Property
Description Comments
8-19-2014 3110 W Florence Ave Los Angeles, CA 90043 $450,000
16,740 sq ft $27 Commercial land
Located within 5 miles of subject
7-15-2014 2176 Hyde Park Blvd Los Angeles, CA 90047 $280,000
11,914 sq ft $24 Industrial land Located within 5 miles of subject
5-29-2014 6572-6558 West Blvd Los Angeles, CA 90043 $1,360,000
30,623 sq ft $44 Commercial land
Located within 5 miles of subject
12-16-2013 9155 S Western Ave Los Angeles, CA90047
$230,000
10,846 sq ft
$21 Commercial
land Located within 5 miles of subject
12-16-2013 5971-5975 S Main St Los Angeles, CA 90003
$460,000
18,448 sq ft
$25
Commercial land
Located within 5 miles of subject
8-27-2014 2509 W Manchester Bl Los Angeles, CA 90306 $500,000 20,151 sq ft
$25
Commercial land
Located within 5 miles of subject
SSubject PProperty
11615--11635 W Florence Ave LLos Angeles, CA90047 $$900,900,000 225,394 ssq ft $$3535 CCommercial
lland
LAND COMPARABLE SALES
DEMOGRAPHICS
2013 TOTAL POPULATION: ADULT
2013 TOTAL DAYTIME POPULATION
2013 TOTAL EMPLOYEES
2013 TOTAL POPULATION: MEDIAN AGE
2013 TOTAL POPULATION: ADULT MEDIAN AGE
2013 HOUSEHOLD INCOME: MEDIAN
2013 HOUSEHOLD INCOME: AVERAGE
1-mi. 3-mi. 5-mi.
33,089 305,922 783,964
33,750 336,784 979,457
4,771 61,094 292,153
33 31 30
45 43 42
$38,393 $36,725 $37,465
$49,836 $49,636 $50,265