One (1) year to three (3) year term. Rent increase of X% each year, where X=CPI. Triple Net. All potential tenants must meet the following criteria: 1. Possess a current business license in the state of California and the City of Los Angeles. 2. Ability to pay rent: a. For start-ups: possess a good credit standing of 650 or better. For existing businesses: possess a reliable source of revenue and/or funding. Both: Demonstrate reliable revenue and funding sources. b. Stable relations with colleagues, suppliers, clients, unions, and/or trade associations in tenant’s industry. 3. Must consent to comprehensive criminal background check. Tenants must produce the following documentation, disclosures, and affidavits to verify that they meet the above criteria. 1. Incorporation documents. Including names and contact information for owners, executives, and board members 2. Demonstrate ability to pay rent: a. For existing businesses: 2017 and 2016 tax returns. For start-ups and businesses younger than a year: business plan with financial analysis. Consent to credit check. i. Both must disclose and verify primary funding and revenue sources by producing most recent cash and operating budgets.b. List two (2) industry references with name, title, organization/corporation and/or provide letters of recommendation on official letterhead. Tenants intending to conduct commercial cannabis activity on the premises must meet the following criteria in addition to the above. (Con't in remarks)
|DAYS ON MARKET||113||LAST UPDATED||11/19/2018|
|YEAR BUILT||1910||COMMUNITY||C37 - Metropolitan South|
|AREA||C37 - Metropolitan South|
|LOT||4800 sq ft|
|LOT DESCRIPTION||Back Yard, Level with Street, Lot-Level/Flat, Near Public Transit|
TOTAL MONTHLY PAYMENT
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