MIXED USE VACANT LAND - LoopNet

MIXED USE VACANT LAND

122 - 128 East Live Oak Avenue, Arcadia, CA 91006

VACANT LAND INVESTMENT OPPORTUNITY

OFFERING MEMORANDUM

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

CONFIDENTIALITY AGREEMENT

This Offering Memorandum was prepared by LT Management Group ("Broker") solely for the use of prospective purchasers of 122 - 128 East Live Oak Avenue, Arcadia, CA 91006 (the "Property"). Neither the Broker nor the Owner of the Property ("Owner") 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 of this Offering Memorandum. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Memorandum does not constitute an offer, and does not create or give rise to any agreement or contract, express, implied or in any other manner. Nothing in this Offering Memorandum creates any right or obligation. Only a written Purchase and Sale Agreement executed by all necessary parties will create any binding agreement.

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 Owner, and (4) that you will not use the Offering Memorandum in any fashion or manner detrimental to the Owner or Broker.

? 2019 LT Management Group. The information provided was obtained from sources believed to be reliable. We have not verified the information and do not guarantee, warrant or represent that it is accurate. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. It is your responsibility to independently confirm the information's accuracy and completeness. Any projections, assumptions, photos, estimates or opinions furnished or utilized are for illustrative purposes only and in no way represent the current or future performance of the property. The value of the property depends on each prospective purchaser's tax and investment factors and should be carefully reviewed by each potential purchaser's tax, financial, legal and investment advisors.

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

EXCLUSIVELY MARKETED BY LT MANAGEMENT GROUP

Michelle Lin Listing Broker 424.386.9219 michelle@ DRE: 01918668

Jay Wu Listing Agent 626.993.5558 jaywu@ DRE: 01761071

TABLE OF CONTENTS

Project Location

1

Investment Summary

2

Investment Highlights

3

Property Location

4

City Overview

5

Submarket Overview

10

County Overview

11

Competitive Properties

12

Property Overview

13

Parcel Map

14

About Us

15

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

PROJECT LOCATION

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

1

INVESTMENT SUMMARY

Offering Price Property Type Land Area

APN Zoning

$1,980,000

Vacant Land

0.41 Acre

17,805 SF 8573-024-005 8573-024-006

Mixed Use

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

2

INVESTMENT HIGHLIGHTS

Prime Location ? Excellent freeway frontage near the Foothill Freeway (I-210), San Gabriel River Freeway (I-605), and San Bernardino Freeway (I-10) with easy travel between Los Angeles, Orange, and San Bernardino areas. ? Ideally situated in a mature, dense suburban location near Santa Anita Avenue and Live Oak Avenue with traffic count of over 49,000 vehicles per day. ? An at-grade light rail station in the Los Angeles County Metro Rail system (Gold Line) ? Large supporting base of residential households, schools, and community centers that provide immediate trade area with daily necessities and services for customers.

Strong Fundamentals ? Nearby commercials combine national and regional favorites with varieties, including Westfield Santa Anita, Santa Anita Park, Mercedes-Benz, national hotels and banks. ? Extremely high average annual household income of $121,131. ? Opportunity to built Mixed Use construction that can quickly attract new enterprises and home buyers after the completion of land development.

Rare Opportunity ? Proudly sits in a Mixed Use zoning in the City of Arcadia. ? Incentives available to Mixed Use developments.

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

3

PROPERTY LOCATION

122-128 E. Live Oak Avenue Arcadia, CA 91006

122-128 East Live Oak Ave Arcadia, CA 91006

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

4

CITY OVERVIEW

CITY OF ARCADIA

Located about 13 miles North East from the City of Downtown Los Angeles, Arcadia sits in the eastern region of the San Gabriel Valley, and specifically, it is situated to the east of San Marino, south of Sierra Madre, north of El Monte, and west of Monrovia. Major Freeways along the city include the I-10, I-605 and I-210, leading to Long Beach and San Fernando Valley, respectively.

The city was noted for its strength of diversity resulting from a strong business environment including the famous horse racing Santa Anita Park, newly updated shopping centers and highly sought award-winning schools. Arcadia offers a growing community of diverse businesses and has some of the best attributes of urban living.

DOWNTOWN ARCADIA

Arcadias Historic Downtown District is the original heart of the city it has historic buildings dating back to the early-to-mid 20th century. It is a family friendly city offering retail stores, dining establishments, and an entertainment district.

Recent developments of the four story 57 Wheeler Mixed Use project located on First Avenue and Wheeler is set to open later this year. The development has 38 apartment units and 16,000 SF of retail, restaurant and office space in the center of Downtown Arcadia.

Businesses for 3 Mile Radius 122-128 E Live Oak Avenue, Arcadia, CA 91006

Arcadia has one of the largest employment sectors in the service industry including healthcare and financial businesses. The Westfield Santa Anita Shopping Center is the largest contributor to the local economy of the San Gabriel Valley. It has over 225 stores and restaurants.

1414 South Azusa Avenue, STE 23, West Covina, CA 91791 | P: 626.727.6100 C: 626.993.5558

5

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download