Properties for Sale 1 1159 S Westmoreland Ave , Los ...€¦ · 5 2466 1st Ave , San Diego , CA 92101 Sale Notes To be completed NOV 2018, Models now ready, Must have appt to tour!!

Prepared for 11/14/2018

(469) [email protected]

Properties for Sale

Presented by Jonathan AflatooniTransatlantic Real Estate Holdings

Property Details

Price $3,100,000

No. Units 12

Building Size 8,682 SF

Total Lot Size 0.25 AC

Property Type Multifamily

Property Sub-type Apartments

Cap Rate 2.94%

No. Stories 2

Building Class C

Year Built 1940

Zoning Description R4, Los Angeles

Tax ID/APN 5076-019-002

Status Active

Property Notes

1 1159 S Westmoreland Ave, Los Angeles, CA 90006

Sale Notes

Excellent opportunity for a new Development in Koreatown!!!Property located at TOC Tier-3 area. With 10 units of affordable, builable to 48 units with required 24 parkings, 22 ft height bonus as on-menu.Koreatown!!! Melting pot location between 11th St. and Pico Blvd. One bloc east of Vermont Ave. Surrounded by Police dept, Fire Station, and post office.Beautiful tree lined street.True buyer(s) only with LOI.

Highlights

New Development Opportunity Positive forecat for high revenue from newproject

Up-trend property value appreciation inKoreatown

The most busy business community Short rental units and hotel rooms, heavynumber of Korean visitors

Photos

Property Details

Price $9,100,000

No. Units 15





Cap Rate 4.65%

Gross Rent Multiplier 15.3

No. Stories 3

Building Class C

Year Built 1912

Zoning Description RH-3

Tax ID/APN 3618-014

Status Active

Property Notes

2 994-998 Guerrero St, San Francisco, CA 94110

Sale Notes

Great Investment Opportunity in the Fantastic Mission Dolores Neighborhood, Only 1 Block form Hot Valencia Street Retail and Restaurants

Turnkey Property with Significant Recent Capital Improvements Including: New Interior Paint, New Carpeting, Renovated Lobby, New Interior Light Fixtures, NewFront Gate and Intercom System, New Roof3 Units Recently Renovated and Converted from 1-Bedrooms to 2-Bedroom Units, 1 Studio Converted into a 1-Bedroom

Fantastic Mission Dolores location, steps to Liberty Heights

Highlights

Significant Long Term Upside in Rents

Property Details

Price $6,150,000

No. Units 11





Cap Rate 4.87%

Gross Rent Multiplier 15

No. Stories 3

Building Class B

Year Built 2017

Tax ID/APN 446-364-09

Status Active

Property Notes

3 4045 30th St, San Diego, CA 92104

Sale Notes

ATTRACTIVE ASSUMABLE LOAN:Lender: First Foundation BankLoan Amount: $3,600,000Interest Rate: 3.96%Interest Only: 3-YearsFixed: 5-YearsAmortization: 30-YearsOrigination Date: January 1, 2018Maturity Date: December 1, 2047Assumable: Yes

Property Description

Berkadia is pleased to present the exclusive opportunity to acquire Charlee Lofts, a brand-new condominium-quality apartment community located in North Park.Situated just north of Downtown San Diego, North Park is a walker’s paradise with a vibrant urban ambiance. Built in 2017, this mixed-use community iscomprised of one commercial unit and 10 two-bedroom, two-bathroom apartment homes featuring 20-foot ceilings, stainless-steel appliances, floor-to-ceilingwindows, vinyl hardwood flooring, in-unit washer / dryer, quartz countertops, modern backsplashes, and private balconies.

Highlights

Prime Walkable Location Close Proximity to Downtown San Diego Brand-New Construction

Thriving North Park Neighborhood Huge Upside Potential in Rent

Unit Mix Information

Description No. Units Avg. Mo. Rent Sq. Ft.

2+2

Photos

Property Details

Price $10,500,000

No. Units 24





Cap Rate 4.20%


No. Stories 4

Building Class C

Year Built 1966

Zoning Description RM1

Tax ID/APN 2832-022

Status Active

Property Notes

4 630 Grand View Ave, San Francisco, CA 94114

Sale Notes

A true must see property! Designed by famed architect Bob Arrigoni and constructed in 1966 this 24 unit multi-family represents a rare opportunity to own atrophy asset with upside potential and history of strong rental demand. The many outstanding design features attract quality tenants. The location is quiet andsunny but still close enough to the buzz and nightlife of Noe Valley and Castro Districts. Property is on S.F. soft story retrofit list.



1+1

2+1

Photos

Property Details

Price $19,999,990

No. Units 22





Cap Rate 4.00%

No. Stories 4

Building Class A

Year Built 2018

Zoning Description MR 1000, NP-3

Tax ID/APN 533-083-10

Status Active

Property Notes

5 2466 1st Ave, San Diego, CA 92101

Sale Notes

To be completed NOV 2018, Models now ready, Must have appt to tour!! VIEW VIRTUAL TOUR LINK Class A 22 unit project with premium finishes, high ceilings &a modern soft industrial design. Located in the established residential urban neighborhood of Bankers Hill nestled between Downtown, Little Italy, Hillcrest andBalboa Park. Lofts on Laurel features 21 high-end apartment homes + 1 modern retail space with superb visibility. Units ranging in size from 599-1612 SF +2249 SF of retail. These single level apartments include studios, one bedrooms, 1 + Den, and two bedrooms, high-end finishes, bay and city views. Thislocation and the quality of these homes are perfect for urban dwellers. This walkable location and convenient location to San Diego's most notable destinations.Lofts on Laurel was thoughtfully designed with efficient features, contemporary interiors, high-end finishes and unprecedented attention to detail. Expandingyour opportunity: Condo Map in process*View Marketing Package for more information*

Highlights

Includes 5 vacation rental units with exteriorbuilding access and smart entry systems withmanagement onsite

Class A 22 unit project will have premiumfinishes, high ceilings up to 23 feet!

2000+ SF divisible retail space and a modernsoft industrial design

Final Condo Map in process for future sales New construction in a central desirable area atan estimated 4% cap rate

Programmable smart entry doors, nestthermostats, laundry in uint

Photos

Property Details

Price $4,100,000

No. Units 19





No. Stories 2

Building Class C

Year Built 1963


Tax ID/APN 5089-026-011

Status Active

Property Notes

6 946 S Ridgeley Dr, Los Angeles, CA 90036

Sale Notes

Fantastic Miracle Mile Location! 19 bachelor units sits perfectly in museum row’s backyard on the corner of Olympic and Ridgeley situated just steps from thebus line, and a short walk to the future purple line stop. This building is comprised of bachelor units to be delivered half vacant with a great layout forhospitality, short-term accommodations or student housing. Recent capital improvements include: brand new hallway flooring and ceiling tiles, remodeledcommon kitchens, new fire control system, and new roof. 100% waterproof flooring installed, kitchens remodeled with new cabinets, quartz counter-tops andnew appliances.


Miracle Mile Location on Olympic and Ridgeley

Highlights

Great Miracle Mile Location Museum Row Backyard Perfect for short term rentals



0+1

Photos

Property Details

Price $8,950,000

No. Units 39





Cap Rate 3.21%


No. Stories 4

Building Class B

Year Built 1914

Zoning Description RC-4

Tax ID/APN 0718-014

Status Active

Property Notes

7 951 Ofarrell St, San Francisco, CA 94109

Sale Notes

Avison Young is pleased to offer investors the opportunity to acquire a two-property value-add portfolio totaling 67 units in San Francisco, California – one ofthe most desirable markets for multifamily investments in the entire country with surging rents, low vacancies, and strong demographic and employment trends.

Both properties are situated in two of San Francisco’s most desirable neighborhoods. 951 O’Farrell Street is immediately adjacent to Polk Street, one of SanFrancisco’s most iconic commercial corridors,teeming with a variety of restaurants, boutique shops and several exciting cocktail lounge venues. Located in theRussian Hill district, 1618-1632 Mason Street is just steps away from San Francisco’s famous Little Italy, renowned for its fine Italian dining, live performancevenues and bustling nightlife.

This offering presents qualified investors with the rare chance to acquire two well-located apartment buildings with tremendous upside via the renovation andsubsequent lease up of vacant units as well as the potential for adding additional units. This property is owned by a trust.


Avison Young is pleased to offer investors the opportunity to acquire a two-property value-add portfolio totaling 67 units in San Francisco, California –one ofthe most desirable markets for multifamily investments in the entire country with surging rents, low vacancies, and strong demographic and employment trends.

Both properties are situated in two of San Francisco’s most desirable neighborhoods. 951 O’Farrell Street is immediately adjacent to Polk Street, one of SanFrancisco’s most iconic commercial corridors, teeming with a variety of restaurants, boutique shops and several exciting cocktail lounge venues. Located in theRussian Hill district, 1618-1632 Mason Street is just steps away from San Francisco’s famous Little Italy, renowned for its fine Italian dining, live performancevenues and bustling nightlife.

This offering presents qualified investors with the rare chance to acquire two well-located apartment buildings with tremendous upside via the renovation andsubsequent lease up of vacant units as well as the potential for adding additional units.

Highlights

1618-1632 Mason Street offers significantupside through the process of addingaccessory dwelling units to the basement level.

The on-site management office at 951 O'FarrellStreet can be converted into an additionalstudio unit, adding significant rental income.

The current rental income for both properties isapproximately 60% of market.

Both properties have underutilized basementlevels, providing investors the opportunity toadd laundry facilities and storage lockers.



0+1

1+1

Photos

Property Details

Price $8,950,000

No. Units 28





Cap Rate 3.87%


No. Stories 3

Building Class B

Year Built 1912

Zoning Description RM-2

Tax ID/APN 0129-019

Status Active

Property Notes

8 1618-1632 Mason St, San Francisco, CA 94133

Sale Notes

Avison Young is pleased to offer investors the opportunity to acquire a two-property value-add portfolio totaling 67 units in San Francisco, California –one ofthe most desirable markets for multifamily investments in the entire country with surging rents, low vacancies, and strong demographic and employment trends.

Both properties are situated in two of San Francisco’s most desirable neighborhoods. 951 O’Farrell Street is immediately adjacent to Polk Street, one of SanFrancisco’s most iconic commercial corridors, teeming with a variety of restaurants, boutique shops and several exciting cocktail lounge venues. Located in theRussian Hill district, 1618-1632 Mason Street is just steps away from San Francisco’s famous Little Italy, renowned for its fine Italian dining, live performancevenues and bustling nightlife.

This offering presents qualified investors with the rare chance to acquire two well-located apartment buildings with tremendous upside via the renovation andsubsequent lease up of vacant units as well as the potential for adding additional units.


This property is owned by a trust.

Highlights

1618-1632 Mason Street offers significantupside through the process of addingaccessory dwelling units to the basement level.

The on-site management office at 951 O'FarrellStreet can be converted into an additionalstudio unit, adding significant rental income.

The current rental income for both properties isapproximately 60% of market.

Both properties have underutilized basementlevels, providing investors the opportunity toadd laundry facilities and storage lockers.



2+1

1+1

0+1

Photos

Property Details

Price $4,250,000

No. Units 10






No. Stories 2

Building Class C

Year Built 1958

Zoning Description R3-1, Los Angeles

Tax ID/APN 4265-013-049

Status Active

Property Notes

9 11816 Goshen Ave, Los Angeles, CA 90049


Located in one of the Westside's most sought-after rental and investment markets, this 10-unit apartment building with significant rental upside is a greatredevelopment or value-add opportunity. Sitting within a few blocks of grocery stores, dining and shopping options along San Vicente and Wilshire Boulevards,the property is also convenient to UCLA, Brentwood Village and the Getty and Hammer Museums. If you've been looking for a development opportunity or good,long-term value-add investment with rental upside in an "A" area, this is a great opportunity. Amenities include covered parking, laundry room and nicelylandscaped grounds. GBA and Land Area per Assessor. Contact LA for full marketing package.

Highlights

STEPS AWAY FROM SUPERMARKETS,RESTAURANTS & SHOPS

SIGNIFICANT RENTAL UPSIDE GREAT ASSUMABLE FIXED RATE FINANCING –DUE SEPTEMBER 1, 2046

NICELY LANDSCAPED GROUNDS ON-SITE LAUNDRY COVERED PARKING



0+1

1+1

2+2

Photos

Property Details

Price $16,150,000

No. Units 14




Cap Rate 1.91%


No. Stories 4

Year Built 2007

Zoning Description LAR3

Tax ID/APN 4306-003-032

Status Active

Property Notes

10 9315 Alcott St, Los Angeles, CA 90035


Built in 2007, 9315 Alcott Street is comprised of 14 non rent control condominiums with separate APN numbers. Located just South of Pico Blvd, in theneighborhood of Beverlywood. The property is walking distance to a myriad of coffee shops, restaurants, and synagogues. The property features over25,000 square feet of rentable area and is situated on a large 11,428 square foot lot. Comprised of (1) three-bedroom, three-bathroom unit, (12) three-bedroom,two and half-bathroom units, and (1) two-bedroom, two-bathroom unit. The building has been well maintained and includes a 1,500 sq. ft. gym / rec room onthe ground floor with kitchen and bathroom. Two levels of subterranean parking for approximately 36 parking spots including guest parking. **3rd bedrooms were added without permit

Highlights

14 LUXURY CONDOS JUST BLOCKS TOBEVERLY HILLS



3+3

3+2

2+2

Photos

Property Details

Price $7,000,000

No. Units 18





Construction Status Under Renovation

Cap Rate 3.70%


No. Stories 2

Building Class C

Year Built 1975

Zoning Description LAR3

Tax ID/APN 4314-009-038

Status Active

Property Notes

11 3633 Mentone Ave, Los Angeles, CA 90034

Sale Notes

Great FIXED assumable loan of $3,210,000 at 3.73% payable $15,407. FIXED until 10/1/2023. Delivered with Soft Story Retrofit completed and with city approval. Submit all offers. 3 washers and 3 dryers; room to store 6 to 8 bikes.Near Apple's new content complex; walk to Downtown Culver City


Two story wood frame and stucco with Mentone Avenue and alley access to parking. 10 of 18 apartments rehabilitated. New copper installed plumbing 2014 -2015. Stainless steel appliances. Ten units with engineered wood floors and carpeted bedrooms.

Highlights

Seller will deliver Soft Story Retrofit completed& approved by city. $101,000 average HHincome and 298,000 population in 3-mile ring

Average unit size 938 SF. Short drive to majorWLA employers. Wall to Downtown Culver City



1+1

2+2

2+1

3+2

Photos

Property Details

Price $29,000,000

No. Units 10





No. Stories 4

Building Class A

Year Built 2018

Tax ID/APN 4378-018-109

Status Active

Property Notes

12 2391 Roscomare Rd, Los Angeles, CA 90077


ONE BEL AIR, a premier new construction 10 unit luxury building, the only one of its kind located in scenic upper Bel Air. Offering 'home alternative' residencesin one of Los Angeles' most sought after neighborhoods. Breathtaking ocean and canyon views beautifully combine nature, serenity and modern luxury. Sleekarchitecture and sophisticated design, finishes and fixtures are set amidst a lush mountainous back drop perfect for taking in dramatic sunsets. Equipped witha gym, lounge, spacious viewing deck, pool and pool deck, secured entry and parking garage. This iconic offering brings refined, multi-unit, luxe living to thehills.

Photos

Property Details

Price $9,250,000

No. Units 24





Cap Rate 3.33%


No. Stories 3

Building Class C

Year Built 1968

Zoning Description R-2, San Diego

Tax ID/APN 424-551-24

Status Active

Property Notes

13 1621 La Playa Ave, San Diego, CA 92109

Sale Notes

Offering overviewWe are pleased to offer the fee interest in La Playa Corona, a very well located investment opportunity 300 yards to Mission Bay beaches and 9 blocks southof Garnet Av. in Pacific Beach, a premier coastal community in San Diego. The property is comprised of 24 units that have operated at 99% occupancy over thelast 5 years. As 3 newly renovated interiors have demonstrated, there are immediate opportuniites to increase returns through interior renovation.



1+1

2+1

2+2

3+2

Photos

Property Details

Price $2,500,000

No. Units 26





Construction Status Proposed

No. Stories 3

Building Class B

Year Built 2019

Zoning Description R3

Tax ID/APN 5154-011-021

Status Active

Property Notes

14 2227 Valley St, Los Angeles, CA 90057


Is a unique development opportunity in the trendy Koreatown and Echo Park adjacent Westlake District. The property is situated in the heart of the Los Angelesarea, between Wilshire andBeverly Boulevards, in a quiet residential area that is rapidly gentrifying.The Architectural drawings boast a modern and light structure with a total of 26 units, and a desirableunit mix of 13 Town Home units and 13 regular apartments; 45 parking spaces are provided at grade level.13 units are at 2 bed and 2-2.5 baths, and 13 units are 1 bed and 1-1.5 baths. 2 of the 26 units aredesignated very low income.2227 Valley Street is located in the Koreatown adjacent Westlake neighborhood. There are several new Commercial and Mixed Use projects in the workswithin 0.5 mile from this site, with over 20,000 square feet of brand new hip retail, services and trendy restaurant spaces slated to flood the surroundingneighborhood along Wilshire Boulevard at Virgil, Hoover and Alvarado Boulevards.

Highlights

• NO RELOCATION FEES, NO UNITREPLACEMENTS, NO EVICTIONS, NO HASSLECURRENTLY SINGLE FAMILY HOME, VACANT.

• 26 TOTAL UNITS: 13U DESIGNED ASTOWNHOMES, PLUS 13U - 1 LEVELAPARTMENTS. HUGE UNITS. GREAT VIEWS!

• RARE BEAUTIFUL LOT, 15,700 SQFT. ZONEDR3 ALL PARKING ABOVE GRADE. NOEXCAVATION REQUIRED.

• SOIL REPORT, PHASE I AND SURVEY(CAD)ARE READY FOR REVIEW.



2+2

1+2

2+2

1+1

Photos

Property Details

Price $2,200,000

No. Units 10





Cap Rate 3.32%


No. Stories 1

Building Class C

Year Built 1923

Zoning Description R4-2, Los Angeles

Tax ID/APN 5586-035-016

Status Active

Property Notes

15 5731 Carlton Way, Los Angeles, CA 90028

Sale Notes

• Great Location Inside Hollywood’s Studio District• 10 Bungalow Units, Built in 1923• Unit Mix: (10) – 1Bed/1Bath• Over 50% Rental Upside Potential• Large Lot with LAR4 Zoning – TOC Tier 3 Site (70% Density Bonus)• A Walk Score of 86 – Most Errands can be Accomplished on Foot• Secured Entry into a Courtyard Style Building• Individually Metered for Gas & Electric• 5 Surface Parking Spaces Located at the Back• No Soft Story Requirements• Well Maintained Building with Several Units Remodeled• Centrally Located Along the 101 Freeway – Accessing the Entire LA Area• Walking Distance from Restaurants, Groceries, Bars, and other Leisure Activities• Property Sits on a Nice Wide Cul-de-Sac Street• Good Transit – Many Nearby Public Transportation Options• 3,458 Rentable SqFt on a Large 8,750 SqFt Lot with LAR4 Zoning (TOC Tier 3)


Matthews Real Estate is pleased to present investors with the opportunity to acquire this attractive 10-unit bungalow style building on Carlton Way. Locatedinside Hollywood’s Studio District, this value add opportunity boasts over 50% rental upside potential for future investors. With Viacom and Netflix locatednearby, investors will be able to capitalize on the continual demand for multifamily housing that this area has to offer. Enter through the property’s securedgated entry into a courtyard that surrounds you with (10) ten – 1Bed/1Bath units. These bungalow units are situated on a large 8,750SF lot with LAR4 Zoning –TOC Tier 3 Site. Walking distance from many restaurants, groceries, bars, theaters, and museums, take a stroll outside and enjoy the amenities that thisfavorable location in Hollywood has to offer.

Highlights

Great Location Inside Hollywood’s StudioDistrict

Unit Mix: (10) – 1Bed/1Bath Bungalows Over 50% Rental Upside Potential

Large Lot with LAR4 Zoning – TOC Tier 3 Site(70% Density Bonus)

No Soft Story Requirements High-Density Rental Market with StrongDemographics



1+1

Photos

Property Details

Price $3,295,000

No. Units 11





Cap Rate 4.04%


No. Stories 2

Building Class C

Year Built 1948


Tax ID/APN 4363-014-016

Status Active

Property Notes

16 621 Midvale Ave, Los Angeles, CA 90024

Sale Notes

One of the best cash flowing deals on the Westside!

Jonathan Taksa of Taksa Investment Group is pleased to present 621 Midvale Avenue, a rare opportunity to acquire an easy to manage property located in oneof the best rental locations in prime Westwood Village. A short stroll to the UCLA campus, the property will be delivered with 4 out of 11 units vacant, allowingthe astute investor to immediately capitalize on setting high market rents. 621 Midvale Avenue boasts an ideal student housing unit mix of 5 one bedroom onebath units at 6 studios . Priced at only 15.98 GRM and a 4.04 CAP, it is one of the best priced deals on the Westside. All units feature hardwood floors, full kitchens, large bathrooms, crown moldings and other vintage elements characteristic of 1940’s built properties. Also, thebuilding has been completed re-piped with copper plumbing. There is an on-site laundry room and on-site parking consisting of 7 side by side parking spaces.

621 Midvale Avenue is situated on a very large 8,490 square foot lot zoned R4(q), affording a developer the opportunity to build a new 10 unit luxurydevelopment (Buyer to verify), and the unique opportunity to command the highest market rents in one of the best rental locations in all of Los Angeles.




Jonathan Taksa of Taksa Investment Group is pleased to present 621 Midvale Avenue, a rare opportunity to acquire an easy to manage property located in oneof the best rental locations in prime Westwood Village. A short stroll to the UCLA campus, the property will be delivered with 4 out of 11 units vacant, allowingthe astute investor to immediately capitalize on setting high market rents. 621 Midvale Avenue boasts an ideal student housing unit mix of 5 one bedroom onebath units at 6 studios . Priced at only 15.98 GRM and a 4.04 CAP, it is one of the best priced deals on the Westside. All units feature hardwood floors, full kitchens, large bathrooms, crown moldings and other vintage elements characteristic of 1940’s built properties. Also, thebuilding has been completed re-piped with copper plumbing. There is an on-site laundry room and on-site parking consisting of 7 side by side parking spaces.

621 Midvale Avenue is situated on a very large 8,490 square foot lot zoned R4(q), affording a developer the opportunity to build a new 10 unit luxurydevelopment (Buyer to verify), and the unique opportunity to command the highest market rents in one of the best rental locations in all of Los Angeles.


Highlights

Prime Westwood Village Location Priced at Only 15.98 GRM and 4.04 CAP Walk to UCLA

Large 8,490 Square Foot Lot!!!! 4 Out of 11 Units Delivered Vacant

Photos

Property Details

Price $2,295,000

No. Units 12





Cap Rate 5.09%


No. Stories 2

Building Class C

Year Built 1991

Zoning Description LAC2

Tax ID/APN 6053-018-011

Status Active

Property Notes

17 9905 S Broadway, Los Angeles, CA 90003


Unique opportunity to own a huge non-rent controlled building built in 1991. Excellent unit mix with 10 two bedroom units and 2 one bedroom units. Wellmaintained property with all modern major systems. Controlled access to parking and units, new internet based security cameras, call box, and main entry door.Strong actual income at 11.5X gross plus a 14% upside in rents to a market GRM of 10.13X and a pro forma cap rate of 6.2%. Very well-parked with 22 gatedparking spaces (4 currently used for laundry and storage). Recently fully tented and fumigated for pest control. Significant exterior refresh completed in 2018.Convenient location close to public transit, 4 miles to new NFL football stadium. Potential for additional income from cellular tower installation. 10 out of 12 unitsare rented to section 8 tenants.

Highlights

10.13X Market GRM and 6.2% Market Cap Rate Well maintained with modern major systems Recently tented and fumigated for pest control

Recent exterior refresh



2+1

1+1

Photos

Documents

Properties for Sale 1 1159 S Westmoreland Ave , Los ...€¦ · 5 2466 1st Ave , San Diego , CA 92101 Sale Notes To be completed NOV 2018, Models now ready, Must have appt to tour!!