For more information contact: 11937 AVON WAY 11937 Avon Way Los Angeles, CA 90066 Price: $5,000,000 Ryan Morehead Broker 310-916-4290 [email protected]BRE# 01374532 4587 Centinela Ave | Los Angeles, California 90066 | Phone: 310-916-4290 | Fax: 310-301-2504 | www.b2rw.com PROPERTY HIGHLIGHTS Two Story 18 Unit Apartment Building in Prime Mar Vista Area ● Earthquake Retrofit Completed ● All One Bedroom, One Bath Units ● 22 Off Street Gated Parking Spaces ● Onsite Laundry (No Lease, Machines included in sale) ● Low Maintenance Property ● Two Units Expected to Vacate In December ● Master Metered for all Utilities ● 10 Unit Property Across the Street (11924 Avon Way) also Available ●
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11937 AVON WAY · 2020. 1. 3. · 11937 Avon Way 11937 Avon Way | Los Angeles, CA 90066 Ryan Morehead Broker 3109164290 [email protected] Property Summary Available SF 0 Building Size
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The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.
TABLE OF CONTENTSProperty Summary 3
Executive Summary 4
Unit Rent Roll 5
Property Photos 6
Pro Forma Summary 10
Unit Mix Report 11
Business Map 12
PROPERTY SUMMARY11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.
EXECUTIVE SUMMARY11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.
ACQUISITION COSTS
Purchase Price, Points and Closing Costs $5,000,000
Investment Cash $0
INVESTMENT INFORMATION
Purchase Price $5,000,000
Price per Unit $277,778
Price per Sq. Ft. $492.51
Income per Unit $18,644
Expenses per Unit ($6,711)
INCOME, EXPENSES & CASH FLOW
GROSS SCHEDULED INCOME $335,592
Total Vacancy and Credits $0
Operating Expenses ($120,793)
NET OPERATING INCOME $214,799
Debt Service $0
CASH FLOW BEFORE TAXES $214,799
FINANCIAL INDICATORS
Debt Coverage Ratio N/A
Capitalization Rate 4.30%
Gross Rent Multiplier 14.90
Gross Income / Square Feet $33.06
Gross Expenses / Square Feet ($11.90)
Operating Expense Ratio 35.99%
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UNIT RENT ROLL11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.
Unit Description Approx. Sq. Ft. Current Rent Pro Forma Rent Comments
1 1+1 564 $1,795 $1,795expected to vacate on 12/01,used pro forma rent
2 1+1 564 $1,695 $1,795
3 1+1 564 $1,549 $1,795
4 1+1 564 $1,296 $1,795
5 1+1 564 $1,650 $1,795
6 1+1 564 $1,795 $1,795expected to vacate on 12/22,used pro forma rent
7 1+1 564 $1,595 $1,795
8 1+1 564 $1,367 $1,795
9 1+1 564 $1,795 $1,795manager unit,used pro formarent
10 1+1 564 $1,650 $1,795
11 1+1 564 $1,296 $1,795
12 1+1 564 $1,650 $1,795
13 1+1 564 $1,595 $1,795
14 1+1 564 $1,367 $1,795
15 1+1 564 $1,575 $1,795
16 1+1 564 $1,595 $1,795
17 1+1 564 $1,270 $1,795
18 1+1 564 $1,335 $1,795
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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
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PRO FORMA SUMMARY11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
Effective Gross Income $335,592 $18,644 $388,896 $21,605
OPERATING EXPENSES
Description Actual Per Unit Market Per Unit
Building Insurance $5,425 $301 $5,525 $307
Grounds Maintenance $2,500 $139 $2,800 $156
Payroll $500 $28 $500 $28
Repairs $22,351 $1,242 $22,351 $1,242
Taxes Real Estate $62,500 $3,472 $62,500 $3,472
Trash Removal $5,725 $318 $5,725 $318
Utility Electricity $10,928 $607 $10,928 $607
Utility Gas $4,555 $253 $4,555 $253
Utility Water $6,309 $351 $6,309 $351
TOTAL EXPENSES ($120,793) ($6,711) ($121,193) ($6,733)
NET OPERATING INCOME $214,799 $11,933 $267,703 $14,872
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The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.
UNIT MIX REPORT11937 Avon Way11937 Avon Way | Los Angeles, CA 90066
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.
Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly
18 1+1 564 $1,548 $27,868 $1,795 $32,310
18 10,152 $27,868 $32,310
UNIT MIX UNIT MIX SQUARE FEET
● 1+1 ● 1+1
UNIT MIX INCOME UNIT MIX MARKET INCOME
● 1+1 ● 1+1
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BUSINESS MAP11937 Avon Way11937 Avon Way | Los Angeles, CA 90066