9612-9616 LONG BEACH BLVD. SOUTH GATE, CA 90280 · There are 4 retail tenants and 3 apartments 2 (1bd + 1 ba) and 1 (3 bd + 1 ba). There are 14 rear parking spaces and the buildings

9612-9616 LONG BEACH BLVD.SOUTH GATE, CA 90280TWO BUILDINGS: 3 (APTS) 3 (RETAIL) MTM TENANCY / RENTAL UPSIDE

OFFERING MEMORANDUM | $1,265,000

2 3

96129616

LONG BEACH BLVD

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© 2016 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Brookfield Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Hudson Commercial Partners, Inc. and the Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

TABLE OF CONTENTS

SECTION ONE 04EXECUTIVE PROFILE

This Memorandum (“Offering Memorandum”) has been prepared by Hudson Partners, Inc. and BRC Advisors, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice.

This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Partners, Inc. and BRC Advisors, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property.

This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum.

This Memorandum is being delivered by Hudson Partners Inc. and BRC Advisors, Inc., to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Partners, Inc. and BRC Advisors, Inc., reserves the right to request the return of any or all of the information enclosed.

SECTION 1 | EXECU

TIVE OVERVIEW7,593 SFBUILDING

10,436 SFLOT

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LONG BEACH BLVD

HUDSON COMMERCIAL PARTNERS, INC. - 76 - HUDSON COMMERCIAL PARTNERS, INC.

site description Physical description

PROPERTY INFORMATION

TOTAL BLD | LOT 7,593 SF 10,436 SF

ADDRESS 9612 Long Beach Blvd. 9616 Long Beach Blvd.

BUILDING SIZE 3,840 SF 3,753 SF

PARCEL AREA 5,626 SF 4,810 SF

APN 6206-014-010 6206-014-011

NUMBER OF FLOORS 2 Stories 2 Stories

RETAIL SF 2,075 SF 2,553 SF

APARTMENT SF 1,765 SF 1,200 SF

FLOOR-TO-AREA RATIO 0.37 0.53

ZONING SGC3 SGC3

PARKING 8 Spaces 6 Spaces

PARKING RATIO 2.1 per / 1,000 SF 1.6 per / 1,000 SF

YEAR BUILT 1947 1940

TENANCY Apartments / Retail Apartments / Retail

DESCRIPTION SPECIFICATION

CONSTRUCTION TYPE Wood-frame/Stucco

FOUNDATION Concrete Slab

FIRE PROTECTION Fire Extinguisher

HVAC Package 5 Ton Units - TBD

METERS Separately Metered

CEILING HEIGHT TBD - Retail

LEASE TERM Month to Month

LANDSCAPING None

TRAFFIC COUNT ± 25,259 cars per day

HIGHWAY ACCESS 105 and 710 Freeways

Hudson Partners and BRC Advisors are pleased to present two free-

standing mixed use buildings on Long Beach Boulevard. All tenants are

on a month-to-month leases. There are 4 retail tenants and 3 apartments

2 (1bd + 1 ba) and 1 (3 bd + 1 ba). There are 14 rear parking spaces and

the buildings are situated on two separate parcels. There are various

owner-user loans up to 90% Financing, based on how much square

footage a Buyer intends to occupy. The monthly rent is $6,725 per month,

well below market rents. Access is through a shared driveway with

building to the south, which is also available for purchase for $960,000.

INVESTMENT OVERVIEW - 9612-9616

• Month-to-Month Tenancy

• 3 Apts + 4 Retail - Tenant Mix

• Secure Rear Parking

• Adjacent Parcels For Sale (17,150 SF Total Land)

• Live / Work Oppportunity

• Up to 90% Financing - 51% or More SF

LOCATION OVERVIEW

This building is situated mid-block between Kansas Avenue and

Missouri Avenue, on the bustling Long Beach Boulevard. This is nearby

access to the 105 and 170 Freeways.


SUMMARY TERMS

PRICE $1,265,000

DOWN PAYMENT (10%) $126,500

BUILDING SIZE 7,595 SF

PRICE PER FOOT ON BUILDING $166.56

LOT SIZE 10,436 SF

PRICE PER FOOT ON LAND $121.23

YEAR BUILT 1940-1947

ZONING SGC3

DESCRIPTION ESTIMATED PSF

OPERATING EXPENSES

TAXES $15,813 $2.08

INSURANCE $3,415 $0.45

UTILITIES $10,253 $1.35

REPAIRS & MAINTENANCE $7,595 $1.00

CAPITAL RESERVES/MISC $2,200 $0.29

TOTAL OPERATING EXPENSES $39,276 $5.17

DEBT SERVICE $75,586 $9.95

TOTAL OCCUPANCY COSTS $14,862 $15.12

MONTHLY OCCUPANCY COSTS(before tax advantages of ownership) $1.26 PSF

SUMMARY TERMS

LOAN AMOUNT (90%) $1,38,500

LOAN TYPE SBA Loan

INTEREST RATE 4.5%

BLENDED AMORTIZATION 25 Years

DUE / TERM 20 Years

SALES COMPARISON APPROACH ESTIMATED ANNUALIZED | USER OCCUPANCY COSTS

LOAN ASSUMPTIONS

USER OCCUPANCY COSTS RENT ROLL - CURRENT

RETAIL TENANT SQ. FT. RENT PSF LEASE TYPE NNN NNN PSF LEASE EXPIRING OPTION TO RENEW

9612 Salon ± 1,075 SF $800 $0.74 Modified Gross $0.00 $0.00 MTM None

9614 Tenant ± 1,000 SF $900 $0.90 Modified Gross $0.00 $0.00 MTM None

9616 Upholstery ± 1,245 SF $1,300 $1.04 Modified Gross $0.00 $0.00 MTM None

9618 Barbershop ± 758 SF $725 $0.96 Modified Gross $0.00 $0.00 MTM None

RETAIL TOTAL $3,725

APARTMENT UNIT MIX SQ. FT. RENT PSF WATER/TRASH ELECTRICAL GAS PARKING LAUNDRY

9612 1/2 1 Bedroom + 1 Bath ± 860 SF $800 $0.93 Landlord Tenant Tenant Rear ------

9614 1/2 1 Bedroom + 1 Bath ± 905 SF $900 $0.99 Landlord Tenant Tenant Rear ------

9616 1/2 3 Bedroom + 1 Bath ± 1,200 $1,300 $1.08 Landlord Tenant Tenant Rear ------

Apartment Total

± 3,753 SF

$3,000

Montly Total $6,725

Annual Total $80,700

Note: Square footages are hand measured. Buyer must conduct their own independant investigation regarding square footage of building.


9616 PROPERTY PHOTOSPROPERTY PHOTO


PLAT MAP AERIAL


RETAIL/STREET LEVEL FLOOR PLANS APARTMENT FLOOR PLANS

16 - HUDSON COMMERCIAL PARTNERS, INC.

ELIZABETH CLARKSenior Vice President

9301 Wilshire Blvd., Suite 206Beverly Hills, CA 90210

Cal BRE: 01811246

CONTACTCELL PHONE310.740.7283

PHONE310.525.3702

FAX320.421.4184

[email protected]

WEBSITEwww.brcadvisors.com

JAY MARTINEZManaging Principal

STUDIO CITY OFFICE11846 Ventura Blvd., #140

Studio City, CA 91604

BEVERLY HILLS OFFICE9301 Wilshire Blvd., Suite 206

Beverly Hills, CA 90210

Cal BRE: 01367663

CONTACTCELL PHONE818.212.3057

PHONE818.699.1603

FAX818.688.8140

[email protected]

WEBSITEwww.hudsonpartnersinc.com

Documents

9612-9616 LONG BEACH BLVD. SOUTH GATE, CA 90280 · There are 4 retail tenants and 3 apartments 2 (1bd + 1 ba) and 1 (3 bd + 1 ba). There are 14 rear parking spaces and the buildings