FOR SALE | MULTIFAMILY THE OAK TERRACES...THE OAK TERRACES | 4 UNITS | SHERMAN OAKS, CA SALE COMPS Sale Comps 4517 Hazeltine Ave |Sherman Oaks, CA 91423 Sale Price: $1,248,000 Year

[email protected]

LA SVN

Senior [email protected] #01395699

DANNY FISHMAN

PROPERTY HIGHLIGHTS

Completely renovated in 2015.

New structure with two 1+1.5+Loft with view units.

Secure property with closed circuit camera system and privacy.

Polished concrete and hardwood floors with open floor plans.

All units have central A/C heating and laundry inside.

Stone countertops and stainless steel appliances.

PRESENTED BY:

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

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

FOR SALE | MULTIFAMILY

THE OAK TERRACES5255 Tilden Ave | Sherman Oaks, CA 91401

THE OAK TERRACES | 4 UNITS | SHERMAN OAKS, CA

TABLE OF CONTENTS


Additional Photos 3

Executive Summary 4

Property Description 5

Location Maps 6

Property Details 7

Financial Summary 8

Unit Mix Summary 9

Income & Expenses 10

Additional Photos 11

Sale Comps 12

Sale Comps Summary 14

Demographics Report 15

Demographics Map 16

Advisor Bio & Contact 1 17

Advisor Bio & Contact 2 18

3All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.


ADDITIONAL PHOTOS

Additional Photos

SALE OVERVIEW

SALE PRICE: $1,690,000

NUMBER OF UNITS: 4

CAP RATE: 4.76%

NOI: $80,439

LOT SIZE: 8,455 SF

BUILDING SIZE: 3,406 SF

YEAR BUILT: 1940

RENOVATED: 2015

ZONING: RD1.5-1


EXECUTIVE SUMMARY

Executive Summary



LOCATION OVERVIEW

The Oak Terraces located in a small residential pocket andsurrounded by single family residences on a quiet street in aprime area of Sherman Oaks. The property is situated on acorner lot and enjoys three sides without neighbors, whichprovides privacy to the tenants.The property is close to the 101 and 405 freeways and theFashion Square Mall. There are several restaurants, theaters, arecreation center, schools, public transportation and more.

EXTERIOR DESCRIPTION

This Spanish Haciendas was completely renovated, Interiors,exterior, landscaping and infrastructure all completelyrenovated and updated, dividedto two units of 1+1 and 2+2+den, in addition there is a newstructure with two units of 1+1.5+Loft.It has Spanish shingle red roof, separate entrance andprivate small garden to each unit, grassy outdoor space, andgated parking.Separate electric and gas meters, it also has in commonstorage, and close circuit camera system, and a lot of privacy.

INTERIOR DESCRIPTION

Units A, C and D the one bedroom units having polishedconcrete floors, with open floor plans while the 2+2+Den hashardwood flooring and eat-in bar.All units having central A/C heating, laundry and dryermachines, stone countertops,and stainless steelappliances.All plumbing and electrical are brand new.


PROPERTY DESCRIPTION

Property Description



LOCATION MAPS

Location Maps


PROPERTY NAME: The Oak Terraces

PROPERTY ADDRESS: 5255 Tilden aveSherman Oaks, CA 91401

APN: 2248-013-020

PRICE / SF: $496.18

LOT SIZE: 0.19 AC

BUILDING SIZE: 3,406 SF

BUILDING CLASS:

ZONING: RD1.5-1

PARKING SPACES: 7

PARKING RATIO: 2.5

YEAR BUILT: 1940

NUMBER OF STORIES: 2

FOUNDATION: The main house has raise foundation and the two new 1+1+Loft has slab foundation.

WALLS:

NUMBER OF UNITS: 4

ROOF: Spanish Shingle.


PROPERTY DETAILS

Property Details


INVESTMENT OVERVIEW

Price $1,690,000

Price per Unit $422,500

GRM 14.89

CAP Rate 4.76%

Cash-on-Cash Return (yr 1) 3.6 %

Total Return (yr 1) $44,526

Debt Coverage Ratio 1.61

OPERATING DATA

Gross Scheduled Income $113,472

Other Income -

Total Scheduled Income $113,472

Vacancy Cost $3,404

Gross Income $110,068

Operating Expenses $29,629

Net Operating Income $80,439

Pre-Tax Cash Flow $30,556

FINANCING DATA

Down Payment $845,000

Loan Amount $845,000

Debt Service $49,883

Debt Service Monthly $4,157

Principal Reduction (yr 1) $13,790


FINANCIAL SUMMARY

Financial Summary


UNIT TYPE COUNT%

TOTALSIZE(SF) RENT RENT/SF MIN RENT MAX RENT

MARKETRENT

MARKET RENT/SF DEPOSIT

1+1 1 25.0 $2,130 $2,500

2+2+Den 1 25.0 $3,200 $3,750

1+1.5+Loft 1 25.0 $1,995 $2,600

1+1.5+Loft 1 25.0 $2,130 $2,600

Totals / Averages 4 100% 0 $9,455 $0.00 $0.00 $11,450 $0


UNIT MIX SUMMARY

Unit Mix Summary


INCOME SUMMARY PER UNIT

GROSS INCOME $110,068 $27,517

EXPENSE SUMMARY PER UNIT

Insurance $1,864 $466

Est Maint/repair $1,000 $250

Utilities $2,700 $675

Trash $1,440 $360

Landscaping $1,500 $375

Property Tax $21,988 $5,497

GROSS EXPENSES $30,492 $7,623

NET OPERATING INCOME $79,576 $19,894


INCOME & EXPENSES

Income & Expenses



ADDITIONAL PHOTOS

Additional Photos



SALE COMPS

Sale Comps

SUBJECT PROPERTY

5255 Tilden ave | Sherman Oaks, CA 91401

$1,759,000Sale Price: 1940Year Built:

3,406 SFBuilding SF: $516.44Price PSF:

4No. Units: $439,750Price / Unit:

15.46GRM: 4.52%Cap:

$79,576NOI:

4444 Fulton Ave | Sherman Oaks, CA 91423


4,334 SFBuilding SF: $359.37Price PSF

4No. Units $389,375Price / Unit

0%CAP: 06/30/2017Closed:

25%Occupancy: 0GRM:

$0NOI:

1

1

4 Units of 4,334 SF

13223-13225 Moorpark St | Sherman Oaks, CA 91423




2.62%CAP: 07/25/2017Closed:

2

2

14108 Gilmore St | Van Nuys, CA 91401




02/27/2018Closed:

3

3



SALE COMPS

Sale Comps

4517 Hazeltine Ave | Sherman Oaks, CA 91423




3.15%CAP: 06/20/2018Closed:

4

4

6357 Hazeltine Ave | Van Nuys, CA 91401

$1,205,000Sale Price: 2,828 SFBuilding SF:

$426.10Price PSF 6No. Units

$200,833Price / Unit 4.6%CAP:

05/15/2018Closed:

5

5


SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

The Oak Terraces5255 Tilden aveSherman Oaks, CA 91401

$1,759,000 3,406 SF $516.44 $439,750 4.52% 15.46 4

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

1 4444 Fulton AveSherman Oaks, CA 91423

$1,557,500 4,334 SF $359.37 $389,375 N/A 0 4 06/30/2017

2 13223-13225 Moorpark StSherman Oaks, CA 91423

$1,475,000 3,684 SF $400.38 $295,000 2.62% - 5 07/25/2017

3 14108 Gilmore StVan Nuys, CA 91401

$3,100,000 4,200 SF $738.10 $516,666 N/A - 6 02/27/2018

4 4517 Hazeltine AveSherman Oaks, CA 91423

$1,248,000 3,339 SF $373.76 $312,000 3.15% - 4 06/20/2018

5 6357 Hazeltine AveVan Nuys, CA 91401

$1,205,000 2,828 SF $426.10 $200,833 4.6% - 6 05/15/2018

PRICE PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

TOTALS/AVERAGES $1,717,100 $466.98 $343,420 3.46% - 5


SALE COMPS SUMMARY

Sale Comps Summary


* Demographic data derived from 2010 US Census

1 MILE 2 MILES 3 MILES

Total households 14,259 51,844 95,551

Total persons per hh 2.1 2.4 2.6

Average hh income $82,998 $82,277 $84,707

Average house value $612,443 $710,731 $747,468

1 MILE 2 MILES 3 MILES

Total population 30,472 122,539 244,588

Median age 37.8 36.2 35.7

Median age (male) 36.4 35.1 34.9

Median age (female) 39.4 37.2 36.5


DEMOGRAPHICS REPORT

Demographics Report


DEMOGRAPHICS MAP

Demographics Map


POPULATION 1 MILE 2 MILES 3 MILES

TOTAL POPULATION 30,472 122,539 244,588

MEDIAN AGE 37.8 36.2 35.7

MEDIAN AGE (MALE) 36.4 35.1 34.9

MEDIAN AGE (FEMALE) 39.4 37.2 36.5

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

TOTAL HOUSEHOLDS 14,259 51,844 95,551

# OF PERSONS PER HH 2.1 2.4 2.6

AVERAGE HH INCOME $82,998 $82,277 $84,707

AVERAGE HOUSE VALUE $612,443 $710,731 $747,468


ADVISOR BIO & CONTACT 1

Advisor Bio & Contact 1


Danny FishmanSenior AdvisorSVN | Rich Investment Real Estate Partners

Danny Fishman serves as a senior advisor for SVN specializing inmultifamily properties in Los Angeles and the San Fernando Valley.His commitment to excellence, client dedication, and marketknowledge has created positive results for hundreds of clients.Fishman?s broad range of expertise covers sales, acquisitions,financing and management of income properties. He has successfullyclosed over $65 million in multifamily, retail and industrial propertiesover the course of his career, and has represented a range of clientsfrom private investors, to partnerships, and syndications. Prior tojoining SVN in 2007, Fishman served as a broker for Re/MaxCommercial and Milan Properties in Los Angeles, California.

Previously, Fishman served as RVP for PFS Investment, a division ofCitiGroup/Smith Barney. There he lead an award winning team andwas one of the company?s top producers for several consecutiveyears. His responsibilities included: leading and training the salesforce, analyzing and building investment strategies for the division,and overseeing practices, procedures and transactions. Beforeworking with CitiGroup/Smith Barney, Fishman founded ExoticAutomotive Center in Woodland hills, California. As president andprincipal owner of the business, he successfully managed all aspectsof the company and has been able to apply his experiences andknowledge to his current career in the commercial real estateindustry.

Fishman has been greatly involved in his community and is a cabinetmember of the Jewish Federation?s R.E.C. Division and ProVisorsProfessional Networking Group. He earned a bachelor?s degree inIndustrial Engineering from Tel-Aviv University, Israel and also holds aReal Estate License from the California Department of Real Estate.

Phone: 818.267.9000

Email: [email protected]

CalDRE #01395699

Fax: 310.979.0888

Cell: 818.267.9000

Address: 10940 Wilshire Blvd., Suite 1600

Los Angeles, CA 90024

LA SVN


ADVISOR BIO & CONTACT 2

Advisor Bio & Contact 2


Manager

Danny Fishman serves as a senior advisor for Sperry Van Nessspecializing in multifamily properties in Los Angeles and the SanFernando Valley. His commitment to excellence, client dedication, andmarket knowledge has created positive results for hundreds ofclients. Fishman?s broad range of expertise covers sales, acquisitions,financing and management of income properties. He has successfullyclosed over $100 million in multifamily, retail and industrial propertiesover the course of his career, and has represented a range of clientsfrom private investors, to partnerships, and syndications. Prior tojoining Sperry Van Ness in 2007, Fishman served as a broker for Re/Max Commercial and Milan Properties in Los Angeles, California.

Previously, Fishman served as RVP for PFS Investment, a division ofCitiGroup/Smith Barney. There he lead an award winning team andwas one of the company?s top producers for several consecutiveyears. His responsibilities included: leading and training the salesforce, analyzing and building investment strategies for the division,and overseeing practices, procedures and transactions. Beforeworking with CitiGroup/Smith Barney, Fishman founded ExoticAutomotive Center in Woodland hills, California. As president andprincipal owner of the business, he successfully managed all aspectsof the company and has been able to apply his experiences andknowledge to his current career in the commercial real estateindustry.

Fishman has been greatly involved in his community and is a cabinetmember of the Jewish Federation?s R.E.C. Division and ProVisorsProfessional Networking Group. He earned a bachelor?s degree inIndustrial Engineering from Tel-Aviv University, Israel and also holds aReal Estate License from the California Department of Real Estate.

SVN | Rich Investment Real Estate Partners

Phone: 310.979.0800

Email: [email protected]

Fax: 310.979.0888

Address: 10940 Wilshire Blvd., Suite 1600

Los Angeles, CA 90024


DISCLAIMER


The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.

Documents

FOR SALE | MULTIFAMILY THE OAK TERRACES...THE OAK TERRACES | 4 UNITS | SHERMAN OAKS, CA SALE COMPS Sale Comps 4517 Hazeltine Ave |Sherman Oaks, CA 91423 Sale Price: $1,248,000 Year