8 Units Wilshire Vista Heights 1358 S Cochran Ave Los Angeles, CA 90019 Price: $2,200,000 Keith Moret Broker Associate 310.939.9360 [email protected]DRE# 01802527 Jonathan Rawson Senior Associate 3108699137 [email protected]DRE #02010400 830 S Sepulveda Blvd. Ste. 200 El Segundo, CA 90245 PROPERTY HIGHLIGHTS All Copper Plumbing Throughout ● 7 Covered Parking Spaces in the Rear ● Great Location! North of Venice, West of Redondo, East of Hauser & South of Olympic ● Walking Distance To Midtown Crossing ● New Boiler & Most Units Have Been Upgraded ● (1) Unit Is Currently Vacant & Will Be Delivered Vacant ● Solid In Place Rents Plus 25%+ Rental Upside ●
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8 Units Wilshire Vista Heights - LoopNet › d2 › LyMZXNJtQ12Yy7...EXECUTIVE SUMMARY 1358 S Cochran Ave 1358 S Cochran Ave | Los Angeles, CA 90019 Keith Moret Broker Associate 310.939.9360
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8 Units Wilshire Vista Heights1358 S Cochran Ave
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 informationprovided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of thissoftware should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.
TABLE OF CONTENTS
SECTION I Location OverviewLocation Map 4
Property Photos 5
Aerial Map 6
Business Map 7
SECTION 2 Financial AnalysisExecutive Summary 9
Pro Forma Summary 10
Unit Mix Report 11
SECTION III Market RentsMarket Rent Survey 13
SECTION IV Financing OptionsLoan Quotes 15
SECTION 5 Pricing AnalysisRecent Sale Comparables 17
On Market Comparables 23
Location Overview
SECTION I
LOCATION MAP1358 S Cochran Ave1358 S Cochran Ave | Los Angeles, CA 90019
Page 04
PROPERTY PHOTOS1358 S Cochran Ave1358 S Cochran Ave | Los Angeles, CA 90019
Page 05
AERIAL MAP1358 S Cochran Ave1358 S Cochran Ave | Los Angeles, CA 90019
Page 06
BUSINESS MAP1358 S Cochran Ave1358 S Cochran Ave | Los Angeles, CA 90019
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1358 S COCHRAN AVE1358 S Cochran Ave | Los Angeles, CA 90019
Closing/Processing/Underwriting Included Above Included Above Included Above Included Above Included Above Included Above
*Options 4-6: Interest-Only for first 3 years of loan period; 30 year amortization thereafter
licensed Real Estate Broker - CA Dept. of Real Estate - License Number: BRE# 00925920
Loan Options
Pre-Payment Penalty
Alternative fixed and adjustable rate options may be available upon requestQuote subject to satisfactory lender review of rent roll, I & E, property condition, and borrower's financials
1358 S Cochran Ave1358 S Cochran Ave, Los Angeles, CA 90019
Sale Price $2,200,000
Units 8
Price / Unit $275,000
Price/SqFt $431.71
Lot Size 6,904
Cap Rate 4.03%
GRM 16.26
Year Built 1954
# Units Unit Type
1 1BR/1BA
1 1BR/1BA
1 1BR/1BA
1 1BR/1BA (Vacant)
1 1BR/1BA
1 1BR/1BA
1
1505 S Cochran1505 S Cochran, Los Angeles, CA 90019
Sale Price $1,559,000
Units 6
Price / Unit $259,833
Price/SqFt $360.88
Lot Size 6,098
Cap Rate 2.17%
GRM 19.5
Year Built 1954
Sale Date 1/3/2019
DaysOnMarket 20
# Units Unit Type
2 Studio/Efficiency
1 1 Bedroom / 1 Bath
3 2 Bedroom / 1 Bath
NotesThis property is .25 miles from Subject. The sale is 2 month old and was sold offmarket. There was no income & expenseinfo available
2
1242 S Ogden1242 S Ogden Ave, Los Angeles, CA 90019
Sale Price $2,360,000
Units 8
Price / Unit $295,000
Price/SqFt $357.09
Lot Size 6,609
Cap Rate 4.44%
GRM 14.7
Year Built 1957
Sale Date 2/14/2019
DaysOnMarket 134
# Units Unit Type
1 Studio/Efficiency
2 1 Bedroom / 1 Bath
5 2 Bedroom / 2 Bath
NotesThis property is 1 mile from Subject in a slightly more desirable area. The property was on market for 134 days and the saleis 1 month old. It is similar in vintage and condition but has 25% more net RSF
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RECENT SALE COMPARABLES1358 S Cochran Ave1358 S Cochran Ave | Los Angeles, CA 90019
1358 S Cochran Ave1358 S Cochran Ave, Los Angeles, CA 90019
Sale Price $2,200,000
Units 8
Price / Unit $275,000
Price/SqFt $431.71
Lot Size 6,904
Cap Rate 4.03%
GRM 16.26
Year Built 1954
# Units Unit Type
1 1BR/1BA
1 1BR/1BA
1 1BR/1BA
1 1BR/1BA (Vacant)
1 1BR/1BA
1 1BR/1BA
1
1074 S Cloverdale1074 S Cloverdale, Los Angeles, CA 90019
Asking Price $2,239,000
Units 6
Price / Unit $373,167
Price/SqFt $389.66
Lot Size 7,792
Cap Rate 3.4%
GRM 18.4
Year Built 1947
Sale Date On Market
DaysOnMarket 80
# Units Unit Type
4 1 Bedroom / 1 Bath
2 2 Bedroom / 1 Bath
NotesThis property has been on market for 120 days. # of the 6 units were completely renovated. It has 6 units and is North ofSan Vicente slightly more desirable location.
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ON MARKET COMPARABLES1358 S Cochran Ave1358 S Cochran Ave | Los Angeles, CA 90019