4-UNIT PROPERTY IN HARBOR CITY - …images3.loopnet.com/d2/2uSYUUJT9ZYyam0y_5eS8... · On Market Comparable Map On Market Comparables EXCLUSIVELY MARKETED BY : Lyon Stahl Investment

Woody Stahl | 310.780.1899 [email protected] 4-UNIT PROPERTY IN HARBOR CITY

1648 W 254th St.Harbor City, CA 90710

4-Unit Property in Harbor City

INVESTMENT SUMMARY

Investment Overview

Regional Map

AREA OVERVIEW

Local Map

City Overview

County Overview

Aerial Map

PROPERTY DESCRIPTION

Property Details

3D Map

FINANCIALS

Offering Summary

Net Income Statment

Rent Roll

Unit Mix

COMPARABLES

Sales Comparable Map

Sales Comparables

Rental Comparable Map

Rental Comparables

On Market Comparable Map

On Market Comparables

EXCLUSIVELY MARKETED BY :

Lyon Stahl Investment Real Estate

Brett Lyon

310.780.1899 [email protected]

Woody Stahl

310.710.3829 [email protected]


Investment Summary


The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.

Investment SummaryPrice $1,110,000Cap Rate 2.04%NOI $22,651.00GRM 25.47Units 4Occupancy 100.00%Building Size 4,388 SFPrice per Square Foot $252.96Land Area 12,077 Sq. FeetOwnership Fee Simple

Investment Highlights

Desirable unit mix consisting of (1) 3-bed/2-bath unit and (3) 2-bed/1-bath●

unitsSituated on a large 12,077 sq. ft. lot with 4,388 of building sq. ft.●

All units will be delivered vacant | Market CAP of 4.7% and GRM of 14●

Located minutes away from local high school, elementary school and Harbor●

Park Golf Course

Investment Description

Large 4-unit property located in the best part of Harbor City, surrounded bybeautiful homes. The seller has recently made arrangements with the tenantsto deliver the building vacant upon closing. The unit mix consists of: (1)3-bed/2-bath unit and (3) 2-bed/1-bath units, all situated on a large 12,077 sq.ft. lot. Each unit has laundry hookups and there are 4 + garages with 2 carportspaces. With a market CAP of 4.7% and a GRM of 14, this is an incredibleinvestment opportunity for anyone looking to maximize cash flow and acquireassets in the beautiful South Bay!


Investment Summary



Regional Map


Area Overview



Local Map


Area Overview



Area OverviewCounty OverviewThe most heavily populated county in the country is Los Angeles County withapproximately 9.9 million people, including about 1 million that live inunincorporated areas of the county. The metropolis - formed by the sixneighboring counties of Los Angeles, Ventura, Kern, San Bernardino,Riverside, and Orange - is home to approximately 19 million residents. LosAngeles County is home to one of the most educated labor pools in thecountry and offers a labor force of more than 4.7 million, of which more than1.5 million are college graduates. Los Angeles County has the largestpopulation of any county in the nation, exceeded only by eight states.According to the United States Conference of Mayors, Los Angeles Countyboasts a GDP among the twenty largest in the world. Los Angeles County’scontinued economic growth, in contrast to other areas of the state and nation,is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of the California,and covers 4,061 square miles, including the San Clemente and SantaCatalina islands. The County is comprised of approximately 88 vibrant anddiverse cities hosting more than 244,000 business establishments— thegreatest concentration in the state. Los Angeles County has a Gross DomesticProduct (GDP) of approximately $446 billion - placing it among the top 20economies in the world. The combined GDP of Los Angeles and its fivesurrounding neighboring counties places it in the top 10. California is generallyconsidered to be in the top five.

If Los Angeles County were its own nation, its economy would be the 18thlargest in the world. It is home to more than 244,000 businesses, with moreminority and women owned businesses than any other in the nation and is thenation’s top international trade center and manufacturing center. Los Angelesis recognized worldwide as a leader in entertainment, health sciences,business services, aerospace and international trade. Because the LosAngeles area is so large and diverse, it has something to offer to everyone.While Hollywood and the Los Angeles beach culture are part of our collectiveimage of Los Angeles, the city also has more museums than any other cityand some of the best hotels in the world are located in Los Angeles.

Over the years, Los Angeles County has developed a diverse economic base,supported by a number of Fortune 500 companies with headquarters in thearea, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTVGroup, Northrop Grumman, Computer Sciences, KB Home, Health Net, Mattel,and Avery Dennison. Key factors positively impacting the region’s economicposition include increased local media production by the entertainmentindustry and a continuing expansion of import flows. Moreover, growth in

aerospace, homeland security and in the private business sector havecontributed positively to the County's economy. Los Angeles' well educatedlabor pool, many universities, wonderful climate, and world class infrastructurewill enable Greater Los Angeles to continue to be a world leader in economicand cultural significance.County Highlights

Los Angeles County is the world’s 18th largest economy.●

Los Angeles part of the "Tech Coast" and is regarded as the of the main●

entrepreneurial regions of the world. It has approximately 200,000 smallbusinesses, which is twice as many small businesses as can be found in anyother region of the United States.If Los Angeles' five county area were a state, it would be the fourth largest in●

the United States.Los Angeles has more than 80 stage theaters and 300 museums, more than●

any other U.S city.


Area Overview



Aerial Map


Property Description



Property DetailsAddress 1648 W 254th St. Harbor City, CA 90710 Square Footage 4,388 SFLand Area 12,077 Sq. FeetYear Built 1954Assessors Parcel Number 7410-022-010

SiteZoning LAR2Number of Buildings 2Number of Stories 2Parking 3


Financials



FinancialOffering Summary

Price $1,110,000Building Size 4,388 SFOwnership Fee SimpleLand Area 12,077 Sq. FeetNumber of Units 4Number of Stories 2Year Built 1954Parking 3Occupancy 100.00%

Price per Unit $277,500.00Price per Square Foot $252.96Current CAP Rate 2.04%Pro Forma Cap Rate 4.62%Current GRM 25.47Pro Forma GRM 14.92NOI $22,651Pro Forma NOI $51,235FinancingLoan Type New/ProposedLoan Amount $721,500Down Payment $388,500Interest Rate 4.75%Amortization Period 30 YearsAnnual Payment $45,164


Financials



Net Income Statement

Current AnnualIncome

Proforma AnnualIncome

REVENUES Gross Potential Rent $43,584 $74,400 Less: Vacancy Rate 2,232

Effective Gross Income $43,584 $72,168

OPERATING EXPENSES Real Estate Taxes 14,194 14,194 Insurance 1,100 1,100 Utilities 3,200 3,200 Maintenance 1,239 1,239 Landscaping 1,200 1,200

TOTAL EXPENSES $20,933 $20,933

NET OPERATING INCOME $22,651 $51,235

Debt Service $45,164 $45,164 NET CASH FLOW AFTER DEBT SERVICE $-22,513 $6,071 Principal Reduction $11,133 $11,133 TOTAL RETURN -2.93% 4.43% Expenses Per SF $4.77 $4.77% of EGI 48.03% 29.01%


Financials



Rent Roll

Unit Information Lease Rental Rates

Unit No Unit TypeApp. SquareFootage

Status Move In DateCurrentMonthly Rent

PSFPro FormaMonthly Rent

PSF Loss to Lease

1 2 BR 1 BTH - Occupied -- -- ---- $ 800.00 - $ 1,500.00 - $ 700.00

1 2 BR 1 BTH - Occupied -- -- ---- $ 800.00 - $ 1,500.00 - $ 700.00

1 2 BR 1 BTH - Occupied -- -- ---- $ 932.00 - $ 1,500.00 - $ 568.00

1 3 BR 2 BTH - Occupied -- -- ---- $ 1,100.00 - $ 1,700.00 - $ 600.00

4 Units TOTALS 0 Occ:4Vac:0 $3,632.00 $6,200.00 $2,568.00


Financials



Unit Mix

Unit Info Occupancy Square Footage Current Monthly Rent Pro Forma Monthly Rent

Numberof Units

Unit Type Occ Vac % OccAverageUnit SF

Total UnitSF

AVG Low High TotalAVGPSF

AVG TotalAVGPSF

VacancyLoss

3 2 BR 1 BTH 3 0 100% - - $ 844 $ 800 $ 932 $2,532 - $1,500 $4,500 - $0

1 3 BR 2 BTH 1 0 100% - - $ 1,100 $ 1,100 $ 1,100 $1,100 - $1,700 $1,700 - $0

4 TOTALS 4 0 100.00% 0 SF $3,632 $6,200 $0


Comparables



Rental Comparable Map


Comparables



Rental Comparables

Photos AddressDate Surveyed

Total UnitsYear BuiltBldg SFOccupancy

Units Types Avg Unit SF Avg Unit Rent Avg Rent Per SF

1648 W 254th St.Harbor City, CA90710

419544,388 SF100.00%

2 BR / 1 BTH3 BR / 2 BTH

--

$844$910

--

1053 253rd StHarbor City, CA90710-

11987728 SF100%

2BR /1BTH 728 SF $1,450 $1.99

26151 Vermont AvHarbor City, CA90710-

119781,032 SF100%

2BR /2BTH 1,032 SF $1,800 $1.74

1532 251st StHarbor City, CA90710-

119561,429 SF100%

3BR /2BTH 1,429 SF $2,300 $1.61


Comparables



Photos AddressDate Surveyed

Total UnitsYear BuiltBldg SFOccupancy

Units Types Avg Unit SF Avg Unit Rent Avg Rent Per SF

23412 Western AvHarbor City, CA90710-

119731,027 SF100%

3BR /2BTH 1,027 SF $2,300 $2.24

Averages 1,054 SF100% 1,054 SF $ 1,963 $ 1.90


Comparables



On Market Comparable Map


Comparables



On Market Comparables

Photos AddressSale PriceTotal UnitsPrice Per Unit

Total SF$/SFCAPGRM

Unit Mix Year BuiltLand Area

1648 W 254th St.Harbor City, CA90710

$1,049,0004$ 262,250

4,388 SF$2392.01 %25.40

3 2BR + 1BTH1 3BR + 2BTH

195412,077 SF

-

1661 257th StHarbor City, CA90710

$1,300,0004$325,000

4,067 SF$3204.35 %18.90

19307 SF

25403 President AvHarbor City, CA90710

$775,0002$387,500

2,913 SF$2664.70 %16.30

19516,098 SF

1624 251st StHarbor City, CA90710

$899,0004$224,750

3,161 SF$2846.80 %14.70

195712,030 SF


Comparables



Photos AddressSale PriceTotal UnitsPrice Per Unit

Total SF$/SFCAPGRM

Unit Mix Year BuiltLand Area

26011 Belle Porte AHarbor City, CA90710

$975,0004$243,750

3,281 SF$2974.70 %15.09

419496,137 SF

1063 253rd StHarbor City, CA90710

$699,0004$174,750

2,205 SF$3177.10 %14.10

19466,001 SF

Averages $929,6004$271,150

3,125 SF$2975.53 %15.82

CONFIDENTIALITY AND DISCLAIMER

The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is intended to be reviewed only by the party receiving it from Broker and should not be made available to anyone else without the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you will hold it in the strictest confidence, and that you will not disclose any of its contents contrary to these terms.

This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in the subject property (“Property”). The information in this Memorandum has been obtained from sources Broker believes to be reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever including but not limited to the accuracy or completeness of the information, veracity or accuracy of the information, condition of the Property or its compliance or lack of compliance with applicable governmental requirements, developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square footage of the Property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant or any tenant’s plans or intentions to continue occupancy of the Property. The Memorandum has selected information relating to the Property and does not purport to be an all - inclusive representation regarding the Property or to contain all or part of the information which prospective investors may require to evaluate the purchase of the Property. Additional information and an opportunity to investigate the Property will be made available to interested and qualified prospective purchasers. All information is based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of Broker, therefore, all information is subject to material variation. The information contained herein is not a substitute for a thorough due diligence investigation. Interested parties are expected to review all information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions at any time with or without notice. The Owner shall have no legal commitment or obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

Exclusively Marketed By:

Lyon Stahl Investment Real Estate

Woody [email protected]

Documents

4-UNIT PROPERTY IN HARBOR CITY - …images3.loopnet.com/d2/2uSYUUJT9ZYyam0y_5eS8... · On Market Comparable Map On Market Comparables EXCLUSIVELY MARKETED BY : Lyon Stahl Investment