Each office independently owned and operated 4437-4441 1/4 Willow Brook Avenue 4437 Willow Brook Ave | Los Angeles, CA 90029 STEPHEN LAMPE Executive Vice President (310) 802-2501 [email protected]BRE #01164364 Excellent Hollywood location adjacent to Silver Lake ➢ 1920's Spanish-style courtyard building, completely renovated ➢ Huge upside in rents, in several units, 40-50% below market ➢ Close to freeway, employment, entertainment, and transportation ➢ RE/MAX COMMERCIAL & INVESTMENT REALTY 23001 Hawthorne Blvd, Suite 205 Torrance, CA 90505 (310) 802-2500 www.remaxcir.com
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Each office independently owned and operated
4437-4441 1/4 Willow Brook Avenue4437 Willow Brook Ave | Los Angeles, CA 90029
STEPHEN LAMPEExecutive Vice President(310) [email protected] #01164364
Excellent Hollywood location adjacent to Silver Lake➢
Huge upside in rents, in several units, 40-50% below market➢
Close to freeway, employment, entertainment, and transportation➢
RE/MAX COMMERCIAL & INVESTMENT REALTY23001 Hawthorne Blvd, Suite 205Torrance, CA 90505(310) 802-2500www.remaxcir.com
REAL ESTATE INVESTMENT DETAILS4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
AnalysisAnalysis Date July 2017
PropertyProperty A 10 Unit Apartment InvestmentProperty Address 4437-4441 1/4 Willow Brook Ave
Los Angeles, CA 90029Year Built 1924
Financial InformationAll Cash
Purchase InformationProperty Type MultiFamilyPurchase Price $2,850,000Units 10Total Rentable Sq. Ft. 4,810
LoansType Debt Term Amortization Rate Payment LO CostsAll Cash
Income & Expenses
Gross Operating Income $155,040Monthly GOI $12,920Total Annual Expenses ($61,845)Monthly Expenses ($5,154)
EXECUTIVE SUMMARY4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
ACQUISITION COSTS
Purchase Price, Points and Closing Costs $2,850,000Investment - Cash $2,850,000
INVESTMENT INFORMATION
Purchase Price $2,850,000Price per Unit $285,000Price per Sq. Ft. $592.52Income per Unit $16,143Expenses per Unit ($6,184)
INCOME, EXPENSES & CASH FLOW
Gross Scheduled Income $161,432Total Vacancy and Credits ($6,392)Operating Expenses ($61,845)Net Operating Income $93,195Debt Service $0Cash Flow Before Taxes $93,195
FINANCIAL INDICATORS
Cash on Cash Return Before Taxes 3.27%
Debt Coverage Ratio N/ACapitalization Rate 3.27%Gross Rent Multiplier 17.65Gross Income / Square Feet $33.56Gross Expenses / Square Feet ($12.86)Operating Expense Ratio 39.89%
FIANANCIAL SUMMARY4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
UNIT MIX & MONTHLY SCHEDULED INCOME
Type Units Actual Total Market Total
One Bedroom One Bath 1 $1,797 $1,797 $1,950 $1,950
One Bedroom One Bath 1 $625 $625 $1,950 $1,950
One Bedroom One Bath 1 $643 $643 $1,950 $1,950
One Bedroom One Bath 1 $1,850 $1,850 $1,950 $1,950
One Bedroom One Bath 1 $660 $660 $1,950 $1,950
One Bedroom One Bath 1 $542 $542 $1,950 $1,950
One Bedroom One Bath 1 $1,850 $1,850 $1,950 $1,950
One Bedroom One Bath 1 $1,750 $1,750 $1,950 $1,950
One Bedroom One Bath 1 $1,800 $1,800 $1,950 $1,950
One Bedroom One Bath 1 $1,800 $1,800 $1,950 $1,950
TOTALS 10 $13,317 $19,500
ANNUALIZED INCOMEActual Market
Gross Potential Rent $159,805 $234,000Less: Vacancy ($6,392) ($9,360)Misc. Income $1,627 $1,632Effective Gross Income $155,040 $226,272
Less: Expenses ($61,845) ($61,845)Net Operating Income $93,195 $164,427
ANNUALIZED EXPENSES
Actual MarketProperty Tax (New 1.224%) $34,884 $34,884Building Insurance $3,275 $3,275Maintenance & Repairs $6,621 $6,621Electric $1,536 $1,536Trash Service $3,459 $3,459Water/Sewer $3,211 $3,211Offsite Management $6,375 $6,375Legal & Professional Fees $1,584 $1,584Administrative $900 $900
Total Expenses $61,845 $61,845
Expenses Per RSF $12.86 $12.86
Expenses Per Unit $6,184 $6,184
INVESTMENT SUMMARY
Price: $2,850,000
Year Built: 1924
Units: 10
Price/Unit: $285,000
RSF: 4,810
Price/RSF: $592.52
Lot Size: 10,320 sf
Floors: 2
APN: 5539-002-013
Cap Rate: 3.27%
Market Cap Rate: 5.77%
GRM: 17.65
Market GRM: 12.1
PROPERTY PHOTOS4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
MAPS AND AERIALS4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
Overhead Map
Parcel Map
MAPS AND AERIALS4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
Area Map
Region Map
DEMOGRAPHICS4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
DEMOGRAPHICS4437 Willow Brook Ave | Los Angeles, CA 90029
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
Housing Units 29,525 222,075 468,998Occupied Units 27,750 204,839 432,709Owner Occupied Units 3,706 31,027 82,876Renter Occupied Units 24,044 173,812 349,833Vacant Units 1,775 17,236 36,289
RACE DEMOGRAPHICS 1 MILE 3 MILE 5 MILE
Population Non Hispanic White 32,674 208,608 486,577Population Black 1,367 14,808 64,246Population Am In/Ak Nat 204 1,889 2,995