COMMERCIAL REAL ESTATE TRIPLEX & SINGLE FAMILY RESIDENCE ON ONE LOT Joshua Johnson (2) 1+1 / (1) 2+1 / (1) SFR 2+1 Managing Director Direct: 310-499-2808 NEWER WINDOWS Mobile: 310-420-8404 Fax: 310-499-2796 NEWER EXTERIOR PAINT & STUCCO [email protected]CA DRE License #01824930 COPPER PLUMBING (TRIPLEX) UPGRADED ELECTRICAL SUBPANEL & WIRING (2 UNITS) GARAGE (2) & GATED PARKING (3) SEPARATELY METERED FOR GAS & ELECTRICITY INDIVIDUAL WATER HEATERS www.powerpropertygrp.com MULTI-FAMILY INVESTMENT OPPORTUNITY 4 UNITS - LOS ANGELES 6306-08 SOUTH VERMONT AVENUE | LOS ANGELES, CA 90044 EXCLUSIVELY OFFERED AT: $795,000 8885 Venice Blvd. Suite #205 Los Angeles, CA 90034 CA DRE Broker License #01866167 POWER PROPERTIES INVESTMENT HIGHLIGHTS
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6306-08 SOUTH VERMONT AVENUE | LOS ANGELES, CA 90044...6306-08 S. Vermont Ave., Los Angeles, CA 90044 The subject property is located just south of Gage Avenue in the neighborhood
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COMMERCIAL REAL ESTATETRIPLEX & SINGLE FAMILY RESIDENCE ON ONE LOT
Joshua Johnson (2) 1+1 / (1) 2+1 / (1) SFR 2+1Managing Director
SCHEDULED RENTAL INCOME (ANNUALLY): $54,530.04 26.5%
RENT SCHEDULE
6306-08 S. Vermont Ave., Los Angeles, CA 90044
MARKET
RENT
$1,750.00
$1,250.00
$1,500.00
$1,250.00
This information has been secured from sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to its accuracy or completeness. References to SF, age, unit layout, unit condition, move in date, lease term, last increase date, next increase date, tenant name(s), number of tenants on lease, current
Down Payment: Address: Los Angeles, CA 90044 No. of Units:
Price per Unit: APN: 6004-017-021 Building Size:
Price per SF: Zoning: LAC2 Lot Size:
Price per SF Lot Size: Usage: Quadruplex Year Built:
Current GRM: Loan Amount:
Current Cap Rate: Type/Term/Amortization:
Current Cash Flow % (Pre-Tax): Interest Rate:
Pro Forma GRM: Monthly Payment:
Pro Forma Cap Rate: Yearly Payment:
Pro Forma Cash Flow % (Pre-Tax): Debt Coverage Ratio / %: /
Rental Upside: Lender:
Scheduled Gross Income:
Less Vacancy & Credit Losses:
Effective Gross Income:
Less Operating Expenses:
Net Operating Income:
Less Loan Payments:
Cash Flow (Pre-Tax):
Plus Principal Reduction:
Total Return (Pre-Tax):
Property Taxes (1.25% x Sales Price)
Insurance ($.50/sq. ft.)
Maintenance & Repair (5%)
Water/Sewer ($410 x 6 months)
Grounds Maintenance ($60/month)
Pest Control ($38/month)
RSO Registration & SCEP Fees
Expense Cushion (2% of SGI)
0
0
0
0
Scheduled Rental Income:
Additional Income (Laundry): Total Expenses:Additional Income (Pass Thru): Per Building Size SF:
Total Monthly Income: Per Unit:
Annual Scheduled Gross Income: % of EGI:
This information has been secured from sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to its accuracy or completeness. References to square footage, year built, proforma calculations, rental upside, financing terms, income, vacancy & credit loss, expenses, cash flow, total return, unit mix & market rents are approximate. Potential financing terms are being issued subject to an inspection of the property, a completed loan application from a qualified borrower, an appraisal of the property, and approval by loan committee. This is not a commitment to lend, and Recipient(s) should contact its own lender or mortgage broker to confirm loan availability and pricing. Potential financing terms are time sensitive and subject to change without notice. Recipient(s) must consult with appropriate professionals to verify all the information above and bears all risk for any
VALUE INDICATORS FINANCING TERMS: FIRST TRUST DEED SECOND TRUST DEED
1930 & 1952
Los Angeles Office
$198,750 2,595
$306.36 7,705
MULTI-FAMILY / PRICING & FINANCIAL ANALYSIS
PRICING SUMMARY PROPERTY DESCRIPTION
$795,000
35% $278,250 4
Multi-Family - Property Description
INVESTMENT HIGHLIGHTS
TRIPLEX & SINGLE FAMILY RESIDENCE ON ONE LOT
(2) 1+1 / (1) 2+1 / (1) SFR 2+1
NEWER WINDOWS
NEWER EXTERIOR PAINT & STUCCO
COPPER PLUMBING (TRIPLEX)
UPGRADED ELECTRICAL SUBPANEL & WIRING (2 UNITS)
GARAGE (2) & GATED PARKING (3)
SEPARATELY METERED FOR GAS & ELECTRICITY
INDIVIDUAL WATER HEATERS
TENANTS PAY FOR TRASH REMOVAL
UPSIDE IN RENTS (25%+)
STRONG RENTAL DEMAND AREA
SECTION 8 INCOME
PROPERTY DESCRIPTION
AREA DESCRIPTION
Power Properties is offering for sale this four unit apartment building consisting of two 1+1s, one 2+1 and one detached 2+1. Upgrades to the property include newer windows, exterior paint and stucco, copper plumbing (front triplex), newer roof (rear detached 2+1) and updated electrical in two units. The property has gated parking for the front three units and a two car garage for the rear unit. Expenses are minimal as the buildings are separately metered for gas & electricity, each unit has an individual water heater and trash removal is paid for by the tenants.
INVESTMENT OVERVIEW
6306-08 S. Vermont Ave., Los Angeles, CA 90044
The subject property is located just south of Gage Avenue in the neighborhood of Vermont-Slauson. One development slated for the immediate area will be a 4.2 acre mixed-use project at the northeast corner of Vermont Avenue and Manchester Avenue consisting of a 50,000 square foot transit plaza, 180 residential units, a public college preparatory boarding school to train students for jobs in transportation with 200 dorm rooms and 20 faculty apartments, a parking structure for 380+ vehicles and 50,00 square feet of commercial space which will include a grocery store, bank, restaurants and shops.
This information has been secured from sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to its accuracy or completeness. References to square footage, year built, unit mix, value indicators, proforma calculations & rental upside are approximate. Highlights, property description and area description were compiled through a site survey and information provided by the Seller. Recipient(s) must verify the information and bears all risk for any
This information has been secured from sources we believe to be reliable; however we make no representations or warranties, expressed or implied, as to its accuracy or completeness. Recipient(s) must verify the information and bears all risk for any inaccuracies. This map should not be relied upon to establish the exact location of property lines or the location of any feature in relation to this property line. To establish these with certainty, the recipient(s) must enlist the
This information has been secured from sources we believe to be reliable; however we make no representations or warranties, expressed or implied, as to its accuracy or completeness. Recipient(s) must verify the information and bears all risk for any inaccuracies. This map should not be relied upon to establish the exact location of property lines or the location of any feature in relation to this property line. To establish these with certainty, the recipient(s) must enlist the