241 N California OM No Broker.pdf
241 N California Ave La Puente, CA 91789
Offering Memorandum
Table Of Contents
Property Overview.............................. 3 Location Overview ............................ 6 Sales Comparables ......................... 10 Demographics ...................................17
Presented by: Rosano Partners Los Angeles Office 700 S. Flower St, Suite 2526 Los Angeles, CA 90017 www.RosanoPartners.com
The information contained in this presentation is confidential, furnished solely for the purpose of a review by a prospective purchaser of the Property, and is not to be used for any other purpose or made available to any other person without the express written consent of the Seller or Advisor. Prospective purchasers should also conduct their own due diligence, including, but not limited to, engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property or used in the construction of maintenance of the building(s) at the Property.
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 2
Property Overview
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 3
Property Overview
Property Overview / Financial Summary
PRICE
LOT SIZE
$380,000
15,399 SF
PRICE / SF
ZONING
$24.68
Industrial
Property Overview / Investment Highlights
• Great owner/user opportunity • Seller is motivated • Perfect for a small-scale industrial development site • According to the City of Industry, a 7,500 square foot industrial building can be built at this location* Buyer must confirm with the city* Property Overview / Property Descriptions
15,399 square foot industrial zoned land. Small scale industrial development site with ingress and egress in the City of Industry. Was previously an abandoned gas station that’s been fully remediated of all contamination with closure letters.
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 4
Additional Photos
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 5
Location Overview
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 6
S
Location Overview / Aerial
Location Overview / Location Descriptions
Located on the corner of Nelson Ave. and California Ave. in the City of Industry. Close proximity to the 10, 60, and 605 freeways.
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 7
Location Overview / Map
S
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 8
Location Overview
S
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 9
Sales Comparables
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 10
Sales Comparables / Overview 2
5
S 3
1
4
Price / SF
S
1
2
$24.68 $21.84 $44.67
3
4
$35.27
$32.37
241 N California Ave., La Puente, CA 91789
5
A
$39.69 $34.77
S.
Address
Sale Price
Price / SF
S
241 N California Ave, La Puente, CA 91789
$380,000
$24.68
1
3735 Capitol Ave, Whittier, CA 90601
$1,750,000
$21.84
2
10949 Garvey Ave, El Monte, CA 91733
$450,000
$44.67
3
111 N Hudson Ave, City of Industry, CA 91744
$2,800,000
$35.27
4
15007 Salt Lake Ave, City of Industry, CA 91746
$1,200,000
$32.37
5
2026-2102 N Santa Anita Ave, South El Monte, CA 91733
$3,090,000
$39.69
Rosano Partners // Offering Memorandum 11
Sales Comparables / 01
241 N California Ave., La Puente, CA 91789
3735 Capitol Ave, Whittier, CA 90601
Sale Date
12/31/2014
Sale Price
$1,750,000
Total Expenses
$3,953
Submarket
Southeast Los Angeles
Zoning
IDM11/2*
Lot Size
80,136 SF
Property Type
Land
Proposed Use
-
Price / SF
$21.84
Rosano Partners // Offering Memorandum 12
Sales Comparables / 02
241 N California Ave., La Puente, CA 91789
10949 Garvey Ave, El Monte, CA 91733
Sale Date
9/28/2015
Sale Price
$450,000
Total Expenses
-
Submarket
Western SGV
Zoning
EMC3
Lot Size
10,075 SF
Property Type
Land
Proposed Use
Industrial
Price / SF
$44.67
Rosano Partners // Offering Memorandum 13
Sales Comparables / 03
241 N California Ave., La Puente, CA 91789
111 N Hudson Ave, City of Industry, CA 91744
Sale Date
10/14/2015
Sale Price
$2,800,000
Total Expenses
-
Submarket
Eastern SGV
Zoning
IDM
Lot Size
79,384 SF
Property Type
Land
Proposed Use
-
Price / SF
$35.27
Rosano Partners // Offering Memorandum 14
Sales Comparables / 04
241 N California Ave., La Puente, CA 91789
15007 Salt Lake Ave, City of Industry, CA 91746
Sale Date
8/31/2016
Sale Price
$1,200,000
Total Expenses
-
Submarket
Eastern SGV
Zoning
LCM1*
Lot Size
37,069 SF
Property Type
Land
Proposed Use
Contractor Storage Yard
Price / SF
$32.37
Rosano Partners // Offering Memorandum 15
Sales Comparables / 05
241 N California Ave., La Puente, CA 91789
2026-2102 N Santa Anita Ave, South El Monte, CA 91733
Sale Date
12/9/2015
Sale Price
$3,090,000
Total Expenses
-
Submarket
Western SGV
Zoning
SEM*
Lot Size
10,075 SF
Property Type
Land
Proposed Use
-
Price / SF
$39.69
Rosano Partners // Offering Memorandum 16
Demographics
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 17
Traffic Count Report Demographics / Traffic Count
Vacant Land
241 N California Ave, La Puente, CA 91744
Land 0 SF 0% -
Building Type: Class: RBA: Typical Floor: Total Available: % Leased: Rent/SF/Mo:
S
Street
Cross Street
Cross Str Dist
1
N California Ave
Valley Blvd
0.08 SW
Count Year 2014
2
Cadbrook Dr
E Nelson Ave
0.02 SW
2014
814
MPSI
.21
3
Cadbrook Dr
Flagstaff St
0.03 SW
2014
1,444
MPSI
.23
4
N California Ave
Beckner St
0.05 SW
2014
7,650
MPSI
.32
5
E Nelson Ave
N Unruh Ave
0.05 SE
2014
8,748
MPSI
.33
6
E Nelson Ave
N Sunset Ave
0.01 NW
2014
10,294
MPSI
.33
7
Valley Blvd
N Sunset Ave
0.05 NW
2014
33,293
MPSI
.36
8
N Sunset Ave
Valley Blvd
0.10 SW
2014
22,212
MPSI
.36
9
N Unruh Ave
E Nelson Ave
0.02 SW
2011
5,607
MPSI
.38
10
N Unruh Ave
E Nelson Ave
0.07 SW
2014
5,177
MPSI
.39
241 N California Ave., La Puente, CA 91789
Avg Daily Volume 8,104
Volume Miles from Type Subject Prop MPSI .09
10/6/2016
Copyrighted report licensed to Rosano Partners - 88674.
Rosano Partners // Offering Memorandum 18
Demographics / Market Comparison Report
Population Growth 4.50%
Household Growth 5.00%
4.27%
4.50%
4.00% 3.50%
4.25%
4.00%
3.44% 3.03%
3.00%
4.51%
3.18%
3.50%
3.27%
3.21%
3.00% 2.50% 1 Mile
1 Mile
2.50%
County
2.00%
County 2.00%
1.50%
1.50%
1.00%
1.00%
0.50% 0.00%
0.50%
2010 - 2016
2016 - 2021
241 N California Ave., La Puente, CA 91789
0.00%
2010 - 2016
2016 - 2021
Rosano Partners // Offering Memorandum 19
Demographics / Market Comparison Report
2016 Med Age
2016 Med Household Inc $57,500
36.5
$57,172 $57,000
36
$56,500
35.5
$56,000
35
$55,500
34.5
1 Mile County
$55,000 $54,500
1 Mile County
34
$54,541 33.5
$54,000
33
$53,500
32.5
$53,000
36
1 Mile
County
241 N California Ave., La Puente, CA 91789
32
33.4
1 Mile
County
Rosano Partners // Offering Memorandum 20
Demographics / Market Comparison Report
2016 Households by Household Income 30.00%
26.69%
25.00% 20.00%
22.86%
21.98%
19.74%
18.35%
16.47% 14.00%
15.00%
12.00%
10.00%
1 Mile 10.00%
County 8.00% 4.00%
5.00% 0.00%
5.00%
5.47%
7.29%
6.31% 1.39%
Offering Memorandum
Table Of Contents
Property Overview.............................. 3 Location Overview ............................ 6 Sales Comparables ......................... 10 Demographics ...................................17
Presented by: Rosano Partners Los Angeles Office 700 S. Flower St, Suite 2526 Los Angeles, CA 90017 www.RosanoPartners.com
The information contained in this presentation is confidential, furnished solely for the purpose of a review by a prospective purchaser of the Property, and is not to be used for any other purpose or made available to any other person without the express written consent of the Seller or Advisor. Prospective purchasers should also conduct their own due diligence, including, but not limited to, engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property or used in the construction of maintenance of the building(s) at the Property.
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 2
Property Overview
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 3
Property Overview
Property Overview / Financial Summary
PRICE
LOT SIZE
$380,000
15,399 SF
PRICE / SF
ZONING
$24.68
Industrial
Property Overview / Investment Highlights
• Great owner/user opportunity • Seller is motivated • Perfect for a small-scale industrial development site • According to the City of Industry, a 7,500 square foot industrial building can be built at this location* Buyer must confirm with the city* Property Overview / Property Descriptions
15,399 square foot industrial zoned land. Small scale industrial development site with ingress and egress in the City of Industry. Was previously an abandoned gas station that’s been fully remediated of all contamination with closure letters.
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 4
Additional Photos
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 5
Location Overview
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 6
S
Location Overview / Aerial
Location Overview / Location Descriptions
Located on the corner of Nelson Ave. and California Ave. in the City of Industry. Close proximity to the 10, 60, and 605 freeways.
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 7
Location Overview / Map
S
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 8
Location Overview
S
241 N California Ave., La Puente, CA 91789
Rosano Partners // Offering Memorandum 9
Sales Comparables
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 10
Sales Comparables / Overview 2
5
S 3
1
4
Price / SF
S
1
2
$24.68 $21.84 $44.67
3
4
$35.27
$32.37
241 N California Ave., La Puente, CA 91789
5
A
$39.69 $34.77
S.
Address
Sale Price
Price / SF
S
241 N California Ave, La Puente, CA 91789
$380,000
$24.68
1
3735 Capitol Ave, Whittier, CA 90601
$1,750,000
$21.84
2
10949 Garvey Ave, El Monte, CA 91733
$450,000
$44.67
3
111 N Hudson Ave, City of Industry, CA 91744
$2,800,000
$35.27
4
15007 Salt Lake Ave, City of Industry, CA 91746
$1,200,000
$32.37
5
2026-2102 N Santa Anita Ave, South El Monte, CA 91733
$3,090,000
$39.69
Rosano Partners // Offering Memorandum 11
Sales Comparables / 01
241 N California Ave., La Puente, CA 91789
3735 Capitol Ave, Whittier, CA 90601
Sale Date
12/31/2014
Sale Price
$1,750,000
Total Expenses
$3,953
Submarket
Southeast Los Angeles
Zoning
IDM11/2*
Lot Size
80,136 SF
Property Type
Land
Proposed Use
-
Price / SF
$21.84
Rosano Partners // Offering Memorandum 12
Sales Comparables / 02
241 N California Ave., La Puente, CA 91789
10949 Garvey Ave, El Monte, CA 91733
Sale Date
9/28/2015
Sale Price
$450,000
Total Expenses
-
Submarket
Western SGV
Zoning
EMC3
Lot Size
10,075 SF
Property Type
Land
Proposed Use
Industrial
Price / SF
$44.67
Rosano Partners // Offering Memorandum 13
Sales Comparables / 03
241 N California Ave., La Puente, CA 91789
111 N Hudson Ave, City of Industry, CA 91744
Sale Date
10/14/2015
Sale Price
$2,800,000
Total Expenses
-
Submarket
Eastern SGV
Zoning
IDM
Lot Size
79,384 SF
Property Type
Land
Proposed Use
-
Price / SF
$35.27
Rosano Partners // Offering Memorandum 14
Sales Comparables / 04
241 N California Ave., La Puente, CA 91789
15007 Salt Lake Ave, City of Industry, CA 91746
Sale Date
8/31/2016
Sale Price
$1,200,000
Total Expenses
-
Submarket
Eastern SGV
Zoning
LCM1*
Lot Size
37,069 SF
Property Type
Land
Proposed Use
Contractor Storage Yard
Price / SF
$32.37
Rosano Partners // Offering Memorandum 15
Sales Comparables / 05
241 N California Ave., La Puente, CA 91789
2026-2102 N Santa Anita Ave, South El Monte, CA 91733
Sale Date
12/9/2015
Sale Price
$3,090,000
Total Expenses
-
Submarket
Western SGV
Zoning
SEM*
Lot Size
10,075 SF
Property Type
Land
Proposed Use
-
Price / SF
$39.69
Rosano Partners // Offering Memorandum 16
Demographics
241 N California Ave La Puente, CA 91789
Rosano Partners // Offering Memorandum 17
Traffic Count Report Demographics / Traffic Count
Vacant Land
241 N California Ave, La Puente, CA 91744
Land 0 SF 0% -
Building Type: Class: RBA: Typical Floor: Total Available: % Leased: Rent/SF/Mo:
S
Street
Cross Street
Cross Str Dist
1
N California Ave
Valley Blvd
0.08 SW
Count Year 2014
2
Cadbrook Dr
E Nelson Ave
0.02 SW
2014
814
MPSI
.21
3
Cadbrook Dr
Flagstaff St
0.03 SW
2014
1,444
MPSI
.23
4
N California Ave
Beckner St
0.05 SW
2014
7,650
MPSI
.32
5
E Nelson Ave
N Unruh Ave
0.05 SE
2014
8,748
MPSI
.33
6
E Nelson Ave
N Sunset Ave
0.01 NW
2014
10,294
MPSI
.33
7
Valley Blvd
N Sunset Ave
0.05 NW
2014
33,293
MPSI
.36
8
N Sunset Ave
Valley Blvd
0.10 SW
2014
22,212
MPSI
.36
9
N Unruh Ave
E Nelson Ave
0.02 SW
2011
5,607
MPSI
.38
10
N Unruh Ave
E Nelson Ave
0.07 SW
2014
5,177
MPSI
.39
241 N California Ave., La Puente, CA 91789
Avg Daily Volume 8,104
Volume Miles from Type Subject Prop MPSI .09
10/6/2016
Copyrighted report licensed to Rosano Partners - 88674.
Rosano Partners // Offering Memorandum 18
Demographics / Market Comparison Report
Population Growth 4.50%
Household Growth 5.00%
4.27%
4.50%
4.00% 3.50%
4.25%
4.00%
3.44% 3.03%
3.00%
4.51%
3.18%
3.50%
3.27%
3.21%
3.00% 2.50% 1 Mile
1 Mile
2.50%
County
2.00%
County 2.00%
1.50%
1.50%
1.00%
1.00%
0.50% 0.00%
0.50%
2010 - 2016
2016 - 2021
241 N California Ave., La Puente, CA 91789
0.00%
2010 - 2016
2016 - 2021
Rosano Partners // Offering Memorandum 19
Demographics / Market Comparison Report
2016 Med Age
2016 Med Household Inc $57,500
36.5
$57,172 $57,000
36
$56,500
35.5
$56,000
35
$55,500
34.5
1 Mile County
$55,000 $54,500
1 Mile County
34
$54,541 33.5
$54,000
33
$53,500
32.5
$53,000
36
1 Mile
County
241 N California Ave., La Puente, CA 91789
32
33.4
1 Mile
County
Rosano Partners // Offering Memorandum 20
Demographics / Market Comparison Report
2016 Households by Household Income 30.00%
26.69%
25.00% 20.00%
22.86%
21.98%
19.74%
18.35%
16.47% 14.00%
15.00%
12.00%
10.00%
1 Mile 10.00%
County 8.00% 4.00%
5.00% 0.00%
5.00%
5.47%
7.29%
6.31% 1.39%
