933 S. ROBERTS STREET · Anaheim also boasts world-class meeting and entertainment venues with the Anaheim Convention Center, LEED-certified and the largest on the west coast, Honda
Post on 27-Sep-2020
0 Views
Preview:
Transcript
Property Highlights
E XC L U S I V E L I S T I N G | M U LT I FA M I LY O P P O RT U N I T Y
• 4.6% CAP Rate on Current Rents with Major Upside in Rents
• Garages
• Priced at $185,625/Unit
• Excellent Rental Location Near Schools and Major Employment
• Motivated Seller
933 S. ROBERTS STREET
8 UNITS
Anaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers. Thematerial contained herein is confidential and the recipient agrees to keep all material contained herein confidential. Theinformation is furnished solely for the purpose of considering investment in the properties described herein and is not tobe copied and or used for any purpose or made available to any other person without the express written consent ofMorgan Skenderian. The information contained herein is not a substitute for a complete and thorough Due Diligenceinvestigation. The information contained in this package has been obtained from sources we believe to be reliable;however, Morgan Skenderian, its agents and Seller have not verified nor made any investigations as to the accuracy ofany information. Morgan Skenderian and Seller makes no warranty or representation whatsoever with regard to theaccuracy or completeness of the information, income or expenses for the subject properties, the square footage of theimprovements, future performance of the properties, the presence or absence of contaminating materials, asbestos,PCB's or molds and funguses or the compliance with the State and Federal laws. Any pro formas, projections, estimatesand assumptions used are for example only and do not necessarily represent the future success or performance of theproperties or real estate market.
DISCLAIMER
933 S. ROBERTS STREETAnaheim, CA 92802
PLEASE DO NOT DISTURB TENANTS
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
DEMOGRAPHICS 1 Mile 2 Miles 3 Miles
Total Households: 9,032 34,254 79,933
Total Population: 31,506 121,491 288,362
Average HH Income: $66,365 $66,883 $65,180
LOCATION OVERVIEWThe city of Anaheim is one of the nation's premier municipalities
and is one of California's most populous cities. Anaheim covers 50.8
square miles with 336,262 residents with approximately 51.5% as
renters and more than 2,950 city employees.
Anaheim supports a thriving business community with companies
such as Carl Karcher Enterprises, Inc., L-3 Communications, Pacific
Sunwear, and Disneyland Resort. The Walt Disney Company is the
city's largest employer and the Disneyland Resort itself contributes
roughly $4.7 billion annually to Southern California's economy and
produces $255 million in taxes every year.
A number of successful sports franchises call Anaheim home,
including Angeles Baseball, Anaheim Ducks, the U.S. Men's &
Women's National Volleyball Teams. Anaheim also boasts
world-class meeting and entertainment venues with the Anaheim
Convention Center, LEED-certified and the largest on the west
coast, Honda Center, City National Grove of Anaheim, Anaheim
Garden Walk, and Angel Stadium of Anaheim. In addition, Anaheim
embraces its vibrant cultural arts community, including the
world-renowned Anaheim Ballet. Anaheim welcomes millions of
visitors to the city, truly making it where the world comes to live,
work and play.
FINANCIAL OVERVIEWAfter a down payment of $519,750 (35%), the Buyer is to obtain a
new loan in the amount of $965,250 (65%). Said loan shall have an
interest rate of 3.850%, fixed for 5 years, amortized over 30 years.
Initial monthly payments to be $4,525.17.
PROPERTY DESCRIPTION
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
AMENITIES
• Garages
• Laundry
• Wall A/C
PROPERTY OVERVIEWNumber Of Units: 8
(8) 1BR/1BA
Year Built: 1960
Parcel Number: 250-151-09
Parking: (8) Garages
Exterior: Flat Roof
Lot Size: 9,215 SF
Net Rentable SF: 5,008 SF
Utility Metering Individually Metered forElectricity
Mastered Metered forGas
Unit Mix:
EXECUTIVE SUMMARY
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
SUBJECT PHOTOS
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
INVESTMENT OVERVIEW CURRENT
Price $1,485,000
Price per Unit $185,625
Price per SF $296.53
Current GRM 14.12
Market GRM 11.78
Current CAP Rate 4.6%
Market CAP Rate 5.9%
Cash-on-Cash Return 2.7%
OPERATING DATA CURRENT
Scheduled Gross Income $103,500
Laundry Income $600
Utility Income $1,092
Total Gross Scheduled Income $105,192
Vacancy (3%) $3,155
Gross Operating Income $102,036
Operating Expenses (32.2%) $33,889
Net Operating Income $68,147
FINANCING DATA CURRENT
Down Payment (35.0%) $519,750
Loan Amount (65.0%) $965,250
Debt Service Monthly $4,525.17
Debt Service Annually $54,302
FINANCIAL SUMMARY
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
Multi-Residential Information
Property Name No. Units Address City State
8 933 S. Roberts Street Anaheim CA
Price Cost/Unit GRM: Current Cap: Current Approx. SqFt Lot Size
$1,485,000 $185,625 14.12 4.6% 5,008 9,215 SF
Down Payment Percent Down GRM: Market Cap: Market Cost/SqFt Approx. Age
$519,750 35.0% 12.2 5.7% $296.53 1960
Proposed Financing
1st Loan Terms Monthly Pmt New / Ex / Private
$965,250 New 1st T.D., 3.850% 5 Year Fixed Rate $4,525.17 New
Scheduled IncomeCurrent Rents Market Rents
No. Units No. Bdrms/Baths Mo. Rent/Unit Monthly Income Mo. Rent/Unit Monthly Income(8) 1BR/1BA $1,045-$1,095 $8,625 $1,295 $10,360
Monthly Utility Income: $91 $91Monthly Laundry Income $50 $50
Monthly Rental Income $8,625 $10,360Monthly Scheduled Gross Income $8,766 $10,501
Annual SGI: $105,192 $126,012Utilities Paid By Owner: Gas, Water & Trash
Annualized Operating Data
CURRENTRENTS
MARKETRENTS
Scheduled Gross Income: $105,192 $126,012
Less Vacancy Reserve: 3.0% $3,156 $3,780
Gross Operating Income: $102,036 $122,232
Less Expenses: 32.2% $33,889 $33,889
Net Operating Income: $68,147 $88,342
Less Loan Payments: $54,302 $54,302
Gross Spendable Income: $13,845 $34,040
Cash on Cash Return: 2.7% 6.5%
Cap Rate: 4.6% 5.9%
Gross Rent Multiplier: 14.12 11.78
Estimated Expenses CURRENT
Taxes Estimated (1.09991%): $16,334
Special Assessments: $1,896
Insurance: $2,003
Utilities: $5,414
Maintenance & Repairs (7%): $7,143
Landscaping: $600
Admin/ Miscellaneous : $500Total Expenses: $33,889Expenses as % of SGI: 32.2%Expenses /Unit/Yr: $4,236Expenses /SF/Yr: $6.77
FINANCIAL DETAILS
933 S. ROBERTS STREETAnaheim, CA 92802
The above information has been obtained from sources we believe to be reliable, but we do not accept responsibility for its correctness
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
INCOME SUMMARY CURRENT PER UNIT
Rental Income $103,500 $12,937
Laundry Income $600 $75
Utility Income $1,092 $136
SCHEDULED GROSS INCOME $105,192 $13,149
EXPENSE SUMMARY CURRENT PER UNIT
Taxes Estimated (1.09991%) $16,334 $2,041
Special Assessments $1,896 $237
Insurance $2,003 $250
Utilities $5,414 $676
Maintenance & Repairs (7%) $7,143 $892
Landscaping $600 $75
Admin/ Miscellaneous $500 $62
GROSS EXPENSES $33,889 $4,236
INCOME & EXPENSES
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
UNITNUMBER
UNITTYPE
CURRENTRENT
1 1BR / 1BA $1,095
2 1BR / 1BA $1,095
3 1BR / 1BA $1,065
4 1BR / 1BA $1,090
5 1BR / 1BA $1,095
6 1BR / 1BA $1,045
7 1BR / 1BA $1,045
8 1BR / 1BA $1,095
Totals $8,625
RENT ROLL
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
SUBJECT PROPERTY
933 S. Roberts Street | Anaheim, CA 92802
8No. Units:
1960Year Built:
UNIT TYPE RENT
1BR/1BA $1,045-$1,095
924 S. Arden Place | Anaheim, CA 92802
10No. Units:
1960Year Built:1
1UNIT TYPE RENT
1BR/1BA $1,225
1724 Ball Road | Anaheim, CA 92804
40No. Units:
1959Year Built:2
2UNIT TYPE RENT
1BR/1BA $1,325
1744 W. Ball Road | Anaheim, CA 92804
20No. Units:
1962Year Built:3
3UNIT TYPE RENT
1BR/1BA $1,299
RENT COMPARABLES
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
944 S. Roberts Street | Anaheim, CA 92802
8No. Units:
1960Year Built:4
4UNIT TYPE RENT
1BR/1BA $1,271
1551 W. Ball Road | Anaheim, CA 92802
8No. Units:
1959Year Built:5
5UNIT TYPE RENT
1BR/1BA $1,300
RENT COMPARABLES
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
SUBJECT PROPERTY
933 S. Roberts Street | Anaheim, CA 92802
8No. Units: $1,485,000List Price:
1960Year Built: 4.6%Current Cap:
$185,625Price / Unit: 5.7%Market Cap:
$296.53Price PSF: 14.12Current GRM:
12.2Market GRM:
UNITS UNIT TYPE
(8) 1BR/1BA
1577 E. Benmore Lane | Anaheim, CA 92805
22No. Units: $4,140,000Sold Price:
1965Year Built: $245.14Price PSF:
$188,181Price / Unit: 4.15%Current CAP:
09/2017Closed: 13.89Current GRM:
1
1UNITS UNIT TYPE
(22) 1BR/1BA
925 W. La Palma Avenue | Anaheim, CA 92801
10No. Units: $2,225,000Sold Price:
1960Year Built: $324.72Price PSF:
$222,500Price / Unit: 4.61%Current CAP:
03/2017Closed: 14.26Current GRM:
2
2UNITS UNIT TYPE
(6) 1BR/1BA
(4) 2BR/1BA
420 N. Vine Street | Anaheim, CA 92805
9No. Units: $1,665,000Sold Price:
1958Year Built: $279.13Price PSF:
$185,000Price / Unit: 3.9%Current CAP:
12/2016Closed: 16.82Current GRM:
3
3UNITS UNIT TYPE
(9) 1BR/1BA
SALE COMPARABLES
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
2114 S. Mallul Drive | Anaheim, CA 92802
8No. Units: $1,495,000Sold Price:
1958Year Built: $298.34Price PSF:
$186,875Price / Unit: 4.17%Current CAP:
10/2016Closed: 14.86Current GRM:
4
4UNITS UNIT TYPE
(8) 1BR/1BA
1172 W. Casa Grande Avenue | Anaheim, CA 92802
16No. Units: $3,800,000Sold Price:
1959Year Built: $318.36Price PSF:
$237,500Price / Unit: 4.3%Current CAP:
10/2016Closed: 14.54Current GRM:
5
5UNITS UNIT TYPE
(12) 1BR/1BA
(4) 2BR/1BA
1724 W. Ball Road | Anaheim, CA 92804
40No. Units: $7,995,000Sold Price:
1959Year Built: $336.39Price PSF:
$199,875Price / Unit: 4.51%Current CAP:
In EscrowClosed: 13.69Current GRM:
6
6UNITS UNIT TYPE
(40) 1BR/1BA
1551 W. Ball Road | Anaheim, CA 92802
8No. Units: $2,000,000On Market:
1959Year Built: $379.08Price PSF:
$250,000Price / Unit: 3.4%Current CAP:
On MarketClosed: 17.11Current GRM:
7
7UNITS UNIT TYPE
(6) 1BR/1BA
(2) 2BR/1BA
SALE COMPARABLES
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
SALE COMPARABLES
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
LOCATION MAPS
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
AERIAL MAP
933 S. ROBERTS STREETAnaheim, CA 92802
Specializing in the Sale of Multi-family Properties
4590 MacArthur Boulevard, Suite 260
Newport Beach, CA 92660
(0) 949.251.8800 • (f) 949.251.8899 • morganskenderian.com
RETAILER MAP
933 S. ROBERTS STREETAnaheim, CA 92802
top related