1220 centinela avenue - Charles Dunn Company

Transcription

1220 CENTINELA AVENUE
Inglewood, CA 90302
Janet D. Neman | Senior Managing Director
Frederick L. Jackson | Associate
(310) 312-1800
Offering Memorandum
FOR SALE
28,120 SF Development Site
Zoned INC2YY in Inglewood, CA
$2,260,000 • $80.37/SF
CHARLES DUNN COMPANY 1925 Century Park East, Suite 2350 Los Angeles, CA 90067 | Lic. #01201641
www.charlesdunn.com
1220 Centinela Avenue
1
EXECUTIVE SUMMARY
Property Information • Property Maps • Property Photographs
2 PERMITTED USES
Permitted Uses for Zone INC2YY
3 PROPERTY COMPARABLES
Land Sales Comparables
4 MARKET OVERVIEW
Inglewood Overview • Los Angeles County Overview
PRESENTED BY
JANET D. NEMAN
Senior Managing Director
Lic. #01069127
jneman@charlesdunn.com
Direct (310) 996-2210
FREDERICK L. JACKSON
Associate
Lic. #01370466
fjackson@charlesdunn.com
Direct (310) 499-3338
© 2015 Charles Dunn Company, Inc. These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or
representation is made by the Charles Dunn Company or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any
projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial,
legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. BRE Lic. #01201641
Executive Summary
Executive Summary
Inglewood, CA 90302
THE SITE
The Subject Property is comprised of one
lot currently zoned INC2YY encompassing
an area of approximately 28,120 SF or
0.65 acres. The Property will be marketed
as land for redevelopment.
LOCATION
The Property is located on Centinela
Avenue, mid-block between Eucalyptus
Avenue to the East, and Inglewood
Avenue to the west. It has an
advantageous location within the City
of Inglewood, being easily accessible
to landmarks such as LAX, the Forum,
Inglewood City Hall, and the Los Angeles
County Superior Courts.
OFFERING PRICE
$2,260,000
SITE ADDRESS
Inglewood, CA 90302
ASSESSOR’S PARCEL NUMBER
4002-016-010
TOTAL APPROXIMATE LOT SIZE
±28,120 SF (0.65 AC)
PRICE / SF
$80.37
CURRENT ZONING
INC2YY
PLAN AREA
Inglewood
SHAPE
Square
GRADE
Flat
EXISTING IMPROVEMENTS
PROPOSED USE
COUNCIL DISTRICT
––
Church and Restaurant with
month-to-month leases
–– Removable with 30-day notice
Multifamily with Ground Floor Retail
Council District 2 - Alex Padilla
The Property is in close proximity
to major Inglewood redevelopment
activity including the site of the former
Daniel Freeman Hospital, slated to be
developed with 300 condominiums, as
well as the master-planned Hollywood
Park development. The latter project will
see the creation of approximately 3,000
dwelling units, 600,000 SF of retail space,
a hotel, a 25 AC park system, and other
community amenities.
Curbed, a nationwide online news site
for real estate and neighborhood news,
called Inglewood “Neighborhood of the
Year” among greater Los Angeles in 2014.
The city boasts short drive times to local
beaches and to the amenities of Westside
Los Angeles communities and cities such
as Playa Vista, Venice, and Santa Monica.
Additionally, work has begun on the new
Crenshaw/LAX Transit Corridor project,
which will place two stations in Inglewood.
The City is bidding to host a new NFL
stadium and has several other catalytic
developments in various planning stages
that will positively transform Inglewood
over the next decade.
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Executive Summary / Property Maps
Los Angeles, CA 90302
Text goes here.
5
Inglewood, CA 90302
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Inglewood, CA 90302
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Property Photographs
Inglewood, CA 90302
8
Permitted Uses
Section 12-24. C-2 Zone Permitted Uses
Excerpt from Inglewood Municipal Code
Inglewood, CA 90302
The following uses shall be permitted in the C-2 General Commercial Zone unless otherwise provided in this Chapter:
(A) The following uses when conducted entirely within a fully enclosed building:
(1) Any use permitted in the C-1 Zone except ambulance dispatch facilities, live-work units in new structures and residential
uses as governed by Section 12-24.5.
(2) Sales of new merchandise only including, but not limited to:
(a) Apparel, millinery, shoes, jewelry.
(b) Books, stationery, gifts, toys, cameras, pets, flowers.
(c) Furniture, appliances, floor coverings.
(d) Groceries, prepared food, meat, fish.
(e) Automotive parts, hardware, paint.
(3) Retail sales of antiques and collectibles.
(4) Financial and insurance institutions. Exception: check cashing and other alternative financial services identified in Section
12-1.25 are subject to Special Use Permit approval and shall not be located within one mile of a similar establishment, as
measured from property line to property line.
(5) Professional and medical offices, laboratories, and pharmacies.
(a) Acupuncture and Chiropractor Facilities. Acupuncture and Chiropractor Facilities shall be subject to Special Use Permit
approval in those instances where they offer on-site massage or acupressure therapy. Massage and acupressure services are
not allowed in this zone at all unless they are provided as an incidental service of the acupuncture or chiropractor facility.
(6) Restaurants, cafeterias, doughnut shops, bakeries (baked goods sold only on premises).
(7) Laundromats, and service shops for watches, keys, shoes, dry cleaning, tailoring, printing, plumbing, small household
appliances.
(8) Beauty and cosmetology salons, barbershops, including training facilities if open to the public for patronage, and tanning
salons; provided, however, that no private or individual rooms for patrons shall be allowed; and no beauty and cosmetology
salons or barbershops shall be permitted within three hundred feet of a similar establishment unless a Special Use Permit is
approved. No tanning salon shall be permitted within three hundred feet of a similar establishment.
In addition, all tanning salons shall meet the mandatory conditions set forth in Section 12.95.4.3 of the Inglewood Municipal
Code.
(a) Amortization. Any tanning salon use existing on or before the date of adoption of the ordinance codified in this Section
shall be treated as a legally nonconforming use and shall be required to immediately conform to subsections (g), (h), (i), (j),
(k), and (l) of Section 12-95.4.3 of the Inglewood Municipal Code. Further, unless an extension of time has been approved
in accordance with subsection (b) of this Section, any nonconforming tanning salon shall be required within a period of
six months to conform to subsection (A)(8) of this Section as it relates to not permitting private or individual rooms for
patrons, and subsections (d), (e), and (f) of Section 12-95.4.3 of the Inglewood Municipal Code.
(b) Extension of Amortization Time Period. The owner or operator of a nonconforming tanning salon as described in
subsection (a) of this Section may request a reasonable period of time not to exceed an additional six months to comply
by applying for an extension of time at least thirty days but no more than sixty days prior to the time established for
compliance by applying for an extension to the Permits and Licensing Committee and paying an administrative fee of
fifty dollars ($50.00). Any extension granted shall be for a reasonable period of time commensurate with the investment
involved and shall only be granted if the Committee finds that: (i) the owner or operator has made a substantial investment
in the property in which the nonconforming use is conducted, (ii) such property cannot be readily converted to meet the
requirements of subsection (a) of this Section without causing economic hardship, (iii) the owner or operator will be unable
to recoup said investment as of the date established for coming into compliance with the City’s requirements, and (iv) the
applicant has made a good faith effort to recoup the investment and meet the City’s requirements.
(c) Except as specified in subsections (a) and (b) of this Section, all tanning salons shall meet all of the mandatory conditions
set forth in Section 12.95.4.3 of the Inglewood Municipal Code.
(9) Hotels or motels, with a minimum of one hundred guestrooms per facility.
(10) Motion picture theaters, bowling alleys, billiard or pool halls.
(11) Churches, wedding chapels.
(12) Private clubs, studios, gymnasiums.
(13) Mortuaries subject to Special Use Permit approval.
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Inglewood, CA 90302
set forth in Section 12.95.4.3 of the Inglewood Municipal Code (continued).
(14) The installation of glass tinting, automobile stereo systems, automobile security systems and similar amenity products
not requiring the partial disassembly of the automobile or the application of paint, and/or not affecting the mechanical
operation of the vehicle.
Note: auto servicing and repair including body and fender repair and automobile painting are prohibited in the C-2
Zone, except when conducted within a fully enclosed building as an ancillary use within new car dealerships on not less
than one acre sites and subject to Special Use Permit approval.
(15) Liquor sales.
(a) Liquor stores and any other business selling distilled spirits (sold for off-site consumption) are prohibited within six
hundred feet of any school, public playground or nonprofit youth facility per Section 23789 of the California Business
and Professions Code and are subject to Special Use Permit approval.
(b) Bars, nightclubs and restaurants selling distilled spirits for on-site consumption only are subject to Special Use
Permit approval.
(c) Any other permitted use selling beer and/or wine only (for on-site or off-site consumption) is subject to Special
Use Permit approval.
Exceptions: bona fide restaurants, and grocery stores with a minimum store floor area of ten thousand square feet,
are exempt from requiring Special Use Permit approval if only beer and/or wine are sold.
(16) Bars, nightclubs, supper clubs, dance halls, live performance theaters, and the like, subject to Special Use Permit
approval. (Bona fide restaurants serving only beer and wine without live entertainment are permitted without Special
Use Permit approval.)
(17) Arcades, game, film or video, subject to Special Use Permit approval.
(18) Shopping centers subject to Special Use Permit approval and Section 12-16.2 (Shopping Center Regulations).
(19) Specialty merchandise marts, subject to Special Use Permit approval.
(20) Day care facilities or nursery schools (no age limitations).
(21) Private schools for children only.
(22) Trade or business schools, adult or proprietary schools, colleges or universities, and the like, subject to Special Use
Permit approval.
Exception: schools teaching such industrial trades as automobile repair, building trades involving the use of machinery,
or any other trade involving the operation of fabrication machinery, are prohibited.
(23) Thrift stores, only if operated by non-profit organizations and subject to Special Use Permit approval.
(24) Jewelry stores. Note: jewelry stores may accept jewelry as pawned deposit as an ancillary activity only, subject to
Special Use Permit approval, and subject to the limitation that any subsequent sales of pawned jewelry shall not comprise
more than twenty percent of the gross receipts generated by the jewelry store.
(25) Auction house, excluding automobile auctions, and subject to Special Use Permit approval and subject to the
provisions of Article 4 of Chapter 8 of this Code.
(26) Tattoo parlors, (including body piercing), subject to Special Use Permit approval.
(27) Convalescent homes, congregate housing, or retirement homes, subject to Special Use Permit approval if exceeding
six residents.
(28) Group homes for children or adults, half-way houses, orphanages and similar uses, subject to Special Use Permit
approval if exceeding six residents.
(29) Fraternities and sororities subject to Special Use Permit approval.
(30) Accessory uses customarily incidental to any of the above uses.
(31) Automated car wash uses ancillary to service stations, subject to Special Use Permit approval and in conformance
to the development standards of Section 12-63.2.
(32) Small group counseling/tutoring facilities, and the like where ten or fewer members receive services and the
maximum floor area does not exceed one hundred square feet for each member receiving services plus five hundred
square feet maximum of office and administrative floor area.
(33) Large group counseling/tutoring facilities, and the like where eleven or more members receive services subject to
Special Use Permit approval.
(34) Welding as an ancillary activity within a business.
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Inglewood, CA 90302
set forth in Section 12.95.4.3 of the Inglewood Municipal Code (continued).
(35) Live-work units in existing structures, subject to the requirements of Article 17.4.
(B) The following uses are permitted whether within a fully enclosed building or not:
(1) Automobile sales.
(a) The retail sale of new automobiles and, as an ancillary use, the retail sale of used automobiles which are traded in as
partial payment for new automobiles purchased at the same location.
(b) The retail sale of used automobiles, if conducted on a lot not less than one acre in size and subject to Special Use
Permit approval. No inoperable or disassembled automobile shall be sold or stored on the premises and no automobile
repair shall be permitted on the premises.
(c) The retail sale of classic/vintage, collectible and luxury automobiles along Centinela Avenue as specified in Section
12-24.9.
(2) Rental of trailers for hauling purposes, only as an incidental use at service stations, and subject to Special Use Permit
approval.
(3) Plant nurseries.
(4) Newsstands.
(5) Parking lots. (Vehicle storage prohibited.)
(6) Accessory uses which by their nature cannot reasonably be conducted within an enclosed building.
(d)
The sales of commercial trucks, buses and other motorized vehicles not typical for personal or family-use
transportation is prohibited in the C-2 Zone.
(C) Any business authorized to conduct its operations in a C-2 Zone may conduct a wholesale business only when incidental
to retail sales. “Incidental” in this instance shall mean that the gross receipts for the wholesale portion of the business shall
not exceed fifty percent of the total gross receipts of the business during any calendar year.
(D) Prohibited Uses. Notwithstanding the above listed uses, any use not specified and any of the following uses are prohibited
in the C-2 General Commercial Zone:
(1) Adult businesses.
(2) Bath houses, Turkish baths, massage parlors, acupressure establishments and similar uses.
(3) Swap meets or flea markets, except if operated by, and on the premises of, a community nonprofit charitable organization
not more than four times per year, subject to the issuance of a permit by the Permits and Licenses Committee per Article
3 of Chapter 8 of this Code.
Section 12-24.5. Residential Use
No new dwelling structure nor any increase in the number of residential units in an existing residential structure shall be
permitted. Any improvements to existing residential structures shall conform to R-3 development requirements. Exception: a
residential use can be developed when in compliance with the mixed-use requirements listed in Section 12-24.8.
All interested parties must take appropriate measures to verify all information set forth herein.
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Property Comparables
Land Sales Comparables & Map
1
Inglewood, CA 90302
LOCATION
SALES PRICE
CLOSING
DATE
LAND
AREA
$/AC LAND
GROSS
LAND $/SF
ZONING
PROPOSED
USE
700 Corporate Pointe
$11,300,000
7/30/2015
3.28 AC
$3,443,547
$79.05/SF
C3
Office
$900,000
1/21/2015
0.16 AC
$5,681,818
$130.44/SF
LAR3
Multifamily
$8,200,000
4/21/2014
2.13 AC
$3,849,765
$88.38/SF
LAC2
Multifamily
2
6908 Knowlton Place
3
6055 Center Drive
LOW
$900,000
0.16 AC
$3,443,547
$79.05
HIGH
$11,300,000
3.28 AC
$5,681,818
$130.44
AVERAGE
$6,800,000
1.86 AC
$4,325,043
$99.29
Subject Property
Inglewood, CA 90302
$2,260,000
0.65 AC
-
$80.37
-
Multifamily
with Ground
Floor Retail
14
Rent Comparables
1
Inglewood, CA 90302
LOCATION
YEAR
BUILT
TOTAL
UNITS
UNIT MIX
UNIT SF
RENT
RENT
PSF
114 W 64th Place
2004
6
6
2+2.5
1,277
$2,495
$2.27
100
1+1
666
$1,710
$2.57
100
1+1
840
$2,499
$2.98
100
1+1
710
$1,822
$2.57
Inglewood, CA 90302
Building Size
Land Size
7,661 SF
0.20 AC
Unit Amenities
Wheelchair Accessible (Rooms), Heating, Air Conditioning
2
5700 W. Centinela Avenue
2001
624
3
Building Size
Land Size
24
2+2
1,297
$2,557
$1.97
552,716 SF
11.20 AC
100
2+2
1,147
$2,734
$2.38
100
2+2
1,173
$2,913
$2.48
100
2+2
1,032
$2,487
$2.29
Community Amenities
Unit Amenities
Lounge, Courtesy Patrol, Gated, Basketball Court, Breakfast/
Coffee Concierge, Furnished Units Available, Laundry Service,
Recycling, Business Center, Controlled Access, Fitness Center,
Laundry Facilities, Playground, Pool, Spa, Tennis Court
Wheelchair Accessible (Rooms), Heating, Alarm, High
Speed Internet Access, Refrigerator, Air Conditioning,
Dishwasher, Fireplace, Microwave, Washer/Dryer
7070 Flight Avenue
5
1+1
$1,680
-
9
2+2
$2,350
-
6
3+3
$2,680
-
2007
20
4
Building Size
Land Size
27,919 SF
0.56 AC
Community Amenities
Unit Amenities
Laundry Facilities
Wheelchair Accessible (Rooms), Heating, Kitchen, Air
Conditioning
6931 Kittyhawk Avenue
2004
Building Size
Land Size
19,521 SF
0.23 AC
15
1
1+1.0
750
$1,700
-
14
2+2.0
1,000
$2,350
-
Unit Amenities
Wheelchair Accessible (Rooms), Air Conditioning
15
Rent Comparables Map
Inglewood, CA 90302
LOCATION
1
114 W. 164th Place
Inglewood, CA 90302
2
5700 W. Centinela Avenue
3
7070 Flight Avenue
4
6931 Kittyhawk Avenue
Inglewood, CA 90302
16
Market Overview
MARKET OVERVIEW: Inglewood
General Overview
Inglewood is a city in southwest Los Angeles County,
California. The city is located in the South Bay region
of the greater Los Angeles area with a total area of
approximately 9.1 square miles. Inglewood is bordered
by Westchester to the west, Lennox and Hawthorne
to the south, Ladera Heights to the north, Hyde Park
to the northeast, Gramercy Park, Westmont and
Manchester Square to the east.
There are three neighborhoods within the city of
Inglewood. The Crenshaw-Imperial district is located
in the southern part of Inglewood, just north of the 105
freeway. The district has its own public library branch
and a large shopping center for the area. Morningside
Park is located in the eastern part of the city. The
major streets that run through the area are Manchester
and Crenshaw Boulevards. It is approximately six
miles from Los Angeles Airport and two miles from
the Hollywood Park race track. North Inglewood and
Fairview Heights is the area north of the Santa Fe
railroad tracks. In 2009, it was reported to be the site
of a “burgeoning arts scene” centered at East Hyde
Park Boulevard and La Brea Avenue.
DEMOGRAPHICS
Population (2014)
112,883
Area
9.12 square miles
Median Income (2014)
$53,673
Median Age (2014)
33.7
Education, Ages 25+
No High School Diploma
27.7%
High School Graduate
20.8%
Some College
25.9%
College Degree +
25.9%
Ethnic Composition
31.6%
23.2%
White
43.9%
1.3%
Black or
African
American
Asian
Other
Race
18
MARKET OVERVIEW: Inglewood
Notable Locations
THE FORUM
The Forum is an indoor entertainment arena located in Inglewood, California.
Designed as a multi-sports recreation venue by the same architect who
realized Madison Square Gardens in New York City, it was nationally
renowned. It achieved star status as the home of the Los Angeles Lakers
and the Los Angeles Kings from 1967 to 1999. In 2014, it was reinvented as
an entertainment venue, and is the largest indoor performance venue in the
country. The area has been completely modernized and features flexible
seating, and hosts major international music acts.
LOS ANGELES INTERNATIONAL AIRPORT (LAX)
Los Angeles International Airport (LAX) is the fifth busiest airport in the
world and second busiest in the United States, offering 692 daily flights to 85
domestic cities and 928 weekly nonstop flights to 67 cities in 34 countries on
59 passenger air carriers. The airport is known visually for its distinctive white
“Theme Building,” located at the hub of the oblong-shaped terminal system
and resembling a flying saucer that has landed on its four legs. The building
was designed in the early 1960s and pays homage to the area’s longtime
association with aeronautical engineering.
HOLLYWOOD PARK
Hollywood Park
has long served
as Inglewood’s
premiere
entertainment
center. For more
than 75 years,
it was the site
of one of the
most important
thoroughbred horse racing venues on the West Coast. Although
the race course closed in 2013, extensive remodeling has
been done for Hollywood Park Casino, which is located on
the park grounds. As of 2015, a huge redevelopment project
is underway to reposition the rest of the site as a mixed-use
recreation destination. The project, named “City of Champions
Revitalization Project,” includes plans for a world-class stadium
and performance venue as well as 4M SF of retail, office, hotel,
and residential space on 298 acres.
THE CRENSHAW/LAX TRANSIT PROJECT
The Crenshaw/LAX Transit Project, also called the Crenshaw Line,
is an 8.5-mile light-rail line with eight stations. The project, run by
the Los Angeles Metropolitan Transportation Authority (Metro),
is currently under construction and will feature terminuses at
the Green Line’s Aviation/LAX station, where free shuttle buses
transport passengers to LAX, and the Expo Line’s Expo/Crenshaw
station. The Crenshaw Line is slated to open in 2019.
19
MARKET OVERVIEW: Los Angeles
County Overview
The County of Los Angeles, whose 4,083 square miles span a variety of landscapes, consists
of 88 cities, 140 unincorporated communities, and two islands: San Clemente Island and Santa
Catalina Island. Known for its coastal communities along 70 miles of Pacific Ocean as well as
for its eastern county farmland, national and state parks, major rivers, deserts, and mountain
ranges, the county is as geographically diverse as its population.
The county seat (also the largest city by population and land area), Los Angeles, boasts a
population of over 3.8 million and lends its name to the county. With a population of over 10
million residents which is steadily increasing, LA County’s job growth in burgeoning industries
such as entertainment, technology, and e-commerce continues to attract residents to its
metropolitan hubs despite its higher cost of living. Multifamily markets across the county are
highly active, with nearly half of residents spending 30% or more of their income on housing.
The demand for housing in metro areas has spurred increased activity in retail markets as well,
with higher densities of Los Angeles County residents driving up demand for local amenities.
20
Population
As the largest and most ethnically diverse county in the United States, the county of Los Angeles has a larger population than
42 US states. With approximately 27% of California’s residents within its borders, it is extremely diverse and represents more
than 140 cultures and as many as 224 languages.
POPULATION OVERVIEW
Population size (2014)
10,043,730
Total Land Area
4,083 square miles
Median Income
Median Age
LARGEST CITIES IN LOS ANGELES
COUNTY
3,863,839
467,646
$64,354
204,951
193,652
35.0 years
158,630
Education, Ages 25+
154,535
No High School Diploma
23.3%
High School Graduate
20.4%
Some College
19.7%
College Degree +
36.6%
150,942
146,860
140,020
0
2,000,000
Los Angeles
Glendale
Pomona
4,000,000
Long Beach
Lancaster
Torrance
6,000,000
Santa Clarita
Palmdale
Pasadena
21
Economy
The County of Los Angeles is among the world’s 20 largest economies with a GDP of $583.9 billion. More than
ten million residents are served by the largest local government in the nation, which employs 103,000 people
and administrates a $26.1 billion budget. The county is home to the biggest players in the entertainment
industry, with six major film studios (Columbia Tri-Star Motion, Dream Works, Paramount Pictures, Sony
Pictures Entertainment, Walt Disney Co and Warner Bros Studio) housed within its borders.
The Ports of Long Beach and Los Angeles — the busiest ports in the nation and the fourth largest by trade
volume — contribute to the county’s prominent manufacturing and international trade. In 2014, the Los Angeles
County Economic Development Corporation and the Port of Los Angeles reported that Los Angeles’ foreign
trade surpassed $400 billion, with China, Japan, South Korea, Taiwan and Thailand listed as its top trade
partners.
15%
Los Angeles County
Employment by Sector
Professional &
Business
Services
14% 14% 14%
Retail Trade &
Consumer
Services
Education &
Health
Services
11% 10% 7%
Leisure &
Hospitality
Government
5% 5% 5%
Construction, Information Finance Wholesale
Manufacturing Transportation,
Utilities, Natural
Resources
Rank
Employer
No. of Employees
1
Los Angeles County
103,678
2
Los Angeles Unified School District
60,139
3
US Government - Federal Executive Board
46,500
4
Kaiser Permanente
35,991
5
City of Los Angeles
31,893
6
University of California, Los Angeles
31,889
7
State of California
29,400
8
Northrop Grumman Corp.
17,000
9
Target Corp.
15,000
10
Providence Health & Services Southern California
15,000
Source: Los Angeles Business Journal (2014)
22
Transportation
The Los Angeles County Metropolitan Transportation Authority, or Metro, is the
county agency which plans and coordinates transportation, as well as designs, builds,
and operates transportation networks throughout the area. It is primarily known for
its Metro Rail, Metrolink, and Metro Liner (bus) transit systems which serve LA County
and extend into other areas of California.
»» Airports
The county’s main airport, Los Angeles International Airport (LAX), is the sixth
largest airport in the US. In 2014, LAX served approximately 70.6 million passengers
and handled over 2 million ton of air cargo valued at over $91.6 billion. It ranks 5th
nationwide in air cargo tonnage processed. The county’s other commercial airports
are Long Beach Municipal Airport, Bob Hope Airport (Burbank), Ontario International
Airport, and Palmdale Regional Airport.
»» Seaports
The Ports of Los Angeles and Long Beach play major roles in the nation’s trade
industry. The Port of Los Angeles features 24 passenger and cargo terminals and is
responsible for billions of dollars’ in cargo annually. The Port of Long Beach is the
second busiest port in the US and its cargo is valued at $180 billion annually, handling
a quarter of all cargo moving through west coast ports, and nearly 20% of all cargo
nationwide.
»» Train Stations
Located in Downtown Los Angeles, Union Station is the principal railway station in
LA County. It is the largest railroad passenger terminal in the Western US and serves
as the regional train station for Amtrak, Metrolink, and Metro Rail. Additionally, Los
Angeles is a major freight rail hub due to the high volume of imported freight entering
through the county’s ports.
»» Freeways
Los Angeles is served by one of the most extensive freeway networks in the United
States, due to the county’s major military presence during WWII and the rapid
suburban expansion thereafter. Primary Interstate freeways include the 1-10, 1-5,
I-405, 1-210, I-605, I-710 and U.S. Route 101; primary local freeways include the 170,
134, 110, 91, 90, and 60.
»» Public Transportation
The primary regional public transportation agency is the Los Angeles County
Metropolitan Transportation Authority (LACMTA), commonly referred to as Metro
or MTA. The agency, which operates bus, light rail and subway services, averages
1.45 million transit trips per weekday, making it the third largest transit agency in the
United States. Several municipal bus systems run throughout the county.
4 LA County
airports serving
LAX
70M+
Passengers
served
annually
Port of Long Beach:
25% west coast
market share
Port of Los Angeles:
38.4% west coast
market share
Together, $466+
billion in cargo
handled annually
80
stations
1,451,150
weekly ridership
LACMTA’s Metro Rail has 73 miles of rail and is the fastest-growing transit system
in Los Angeles. Ranked by daily ridership, the Los Angeles subway ranked as the
ninth-busiest rapid transit system in the United States. Its current projects include the
expansion of the Purple line from Mid-Wilshire to Westwood, and the Expo Line from
Culver City to Santa Monica.
23
1220
CENTINELA
AVENUE
CONTACT
FREDERICK L. JACKSON
Associate
Lic. #01370466
fjackson@charlesdunn.com
Direct (310) 499-3338
Office (310) 312-1800
Fax (310) 312-1801
JANET D. NEMAN
Senior Managing Director
Lic. #01069127
jneman@charlesdunn.com
Direct (310) 996-2210
Office (310) 312-1800
Fax (310) 312-1801
CHARLES DUNN COMPANY
1925 Century Park East
Suite 2350
Lic. #01201641
www.charlesdunn.com

1220 centinela avenue - Charles Dunn Company

Transcription

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