650 S. Clarence
Los Angeles CA, 90023
In 1996 Peppard Bros. Inc. a family business was preparing to
move its LA facility to Orange County after nearly 40 years of
operating in East L.A. The owners were selling their building
and the change of ownership or landlord would have jeopardized
the Peppard's continuing operations; furthermore relocation of
their business would have been very costly. The Peppard Bros.
purchased a 12,600 Sq. Ft. building the business has leased for
over twenty-five years.
The subject property has access to all major freeways. The subject
property is located in Boyle Heights near the East L.A. freeway
interchange. Minutes away from the Long Beach (710) Frwy.; Santa
Ana (5) Frwy.; Santa Monica (10) Frwy. and the Hollywood (101)
Community Development Impact
With the help of Los Angeles LDC Inc. The Peppard Bros. printing
company was able to purchase the property that housed their
operations for over twenty-five years. Also besides keeping
a successful business in Los Angeles there were three jobs retained
in the East L.A. empowerment zone.
Peppard Brothers, Inc. was incorporated on June 24, 1959. The
company's shareholders are four brothers Raymond, Daniel, Paul
and William Peppard. William Peppard is the only shareholder
active in the daily operations of the company. The company employs
two sons of Mr. William Peppard, who operate the specialized
bindery equipment used by the company.
Community Development Finance Effect
This loan kept the Peppard Bros. a family business in the East
Los Angeles Revitalization Zone rather than closing its operations
or relocating out of the city.
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Sources and Uses of Funds:
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|Land & Building
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