www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
LISTING PROPOSAL PRESENTED TO:FIRST LAST07/19/2016
6 UNITS IN PRIME SANTA MONICA, 6 BLOCKS FROM THE BEACH
431 MARINE STREETSANTA MONICACA 90405
PRESENTED BY
Kenny Stevens
Managing Partner / Senior Vice President
BRE# 01090251
424.284.4440 direct
310.551.0661 fax
About ConcordOur mission
PROPERTY SUMMARYProperty HighlightsProperty DescriptionAerial PhotoParcel OrientationPhotography
FINANCIALSFinancial OverviewRent Roll
LOCATION OVERVIEWMarket overview
COMPARABLESSales Comps On Market CompsRent Comps
PRESENTATION OVERVIEW
431 MARINE STREETSANTA MONICA, CA 90405
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
431 MARINE STREETSANTA MONICA, CA 90405
ABOUT US
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Concord Real Estate Services opened its doors as a real estate brokerage company representing investors of commercial real estate and providing property management exclusively for the properties held by our founder Reuben Robin. Over time, we recognized that many of our brokerage clients were also in need of a reliable property management company. They were pleased to find a company that would treat their property and their tenants like their own.
Built on a foundation of trust, integrity, and dedication, today we are a full service real estate company with over 50 employees. We cater to the needs of private and institutional investors as well as developers in the Greater Los Angeles and San Fernando Valley areas. We are focused exclusively in helping property owners achieve their real estate goals.
Our sales and leasing agents are local market and product specialists that work diligently and tirelessly to represent our clients best interests.
Concord’s professional administrative staff and property managers assume the day to day responsibilities of operations and oversight of their investment properties. And our trained & skilled maintenance and construction crews are committed to delivering quality service at reasonable costs.
Even though we started as a commercial real estate company, our satisfied clients often solicited us to represent them with the sale and purchase of their personal homes. In keeping with our commitment to align our company’s services with our clients’ needs, Concord Residential was formed.
We are committed to working in unison with our client’s vision and needs to formulate strategies, deliver unparalleled service, and always provide reliable, comprehensive information and analysis to help our clients make the best decisions possible.
Our clients entrust us with so many aspects of their real estate life.Our mission is to dutifully guide them, create value and act in
harmony with their best interest.
a different kind of real estate partner.
WE PARTNER WITH YOU EVERY STEP OF THE WAYTO ELEVATE YOUR REAL ESTATE EXPERIENCE
431 MARINE STREETSANTA MONICA, CA 90405
OUR MISSION
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PRESENTATION07/19/2016
PROPERTY SUMMARY
431 MARINE STREET SANTA MONICACA 90405
431 MARINE STREETSANTA MONICA, CA 90405
PROPERTY SUMMARY PROPERTY HIGHLIGHTS
PROPERTY PRESENTATION07/19/2016
6 Units in Prime Santa Monica, 6 blocks from the Beach• Prime Santa Monica Location, just 6 blocks from the beach• Walking distance to Abbot Kinney, Main Street Santa Monica, Rose Avenue, the Metro and world-class beaches• (5) 2+1.5 Townhouse Units, (1) 1+1 unit• 2 story townhome style units average over 1000 sq ft!• Hardwood floors throughout the first floor• New copper plumbing in 2014• New roof in 2005• New high-efficiency water heater & vinyl windows• On-site Laundry• Approximately 47% upside potential!• 7 parking spaces• New exterior painting & landscaping planned for July 2016.
PROPERTY SUMMARY PROPERTY DETAILS
PROPERTY PRESENTATION07/19/2016
431 MARINE STREETSANTA MONICA, CA 90405
PROPERTY DETAILS
PROPERTY DESCRIPTION
Bedrooms 11Major Intersection 4th Avenue and Rose AvenueMarket Santa MonicaAPN 4287-027-022Building Size 6,491 SFZoning Type SMOP2Lot Size Approx. 7,513 square feet
Concord Real Estate Services proudly presents the offering memorandum for 431 Marine Street in beautiful Santa Monica, California. This property is six blocks from the beack and 4 blocks to Main Street and walking distance to local attractions such as Abbot Kinney, Rose Avenue, the Metro, etc. The building has five (5) 2+1.5 two-story units that measure 1,000 square feet and one (1) 1+1 unit. There are hardwood floors throughout the first floor, high vaulted ceilings, and dishwashers. The roof was replaced in 2005, plumbing was replaced with copper piping in 2014, and a new high-efficiency water heater and vinyl windows have been put in. Laundry is conveniently located on-site and there are seven parking spaces available for the six units. Street parking is abundant.
Playa Vista
Del Ray
Venice
Playa Del Ray
Marina Del Ray
Loyola Marymount University
Los Angeles International Airport
Santa MonicaMunicipal Airport
Hillcrest Country Club
Kenneth HahnRecreation Area
Cheviot HillsRecreation Center
Pacific Ocean W Jefferson Blvd
Fiji Way
Culver
Blvd
Venice Blvd
Abbot Kinney Blvd
Lincoln Blvd
Lincoln Blvd
Lincoln Blvd
Pacific Coast Highway
Venice Blvd
Beethoven Street
Walgrove Ave
Walgrove Ave
26th Street
14th Street
14th StreetLincoln Blvd
4th Street
4th Street
Ocean Ave
26th Street
Venice Blvd
Venice Blvd
Venice Blvd
Palms Blvd
Palms BlvdNational Blvd
Rose BlvdOcean Park Blvd
Ocean Park Blvd
Pico Blvd
Pico Blvd
Olympic B
lvd
Olympic B
lvd
Olympic
Blvd
Olympic
Blvd
Santa
Monica
Blvd
Santa
Monica
Blvd
Ohio Ave
Santa Monica Blvd
Santa Monica Blvd
Wilshire
Blvd
Wilshire
Blvd
Montan
a Blvd
Montan
a Blvd
San Vice
nte Blvd
San Vice
nte Blvd
Colorado Blvd
Pico Blvd
Pico Blvd
Pico Blvd
Washington Blvd
Washington Blvd
Washington Blvd
National Blvd
Cadillac Ave
Monte Mar Dr
Rodeo Rd
Mindanao Way
Inglewood Blvd
Overland Ave
Overland Ave
Overland AveW
estwood Blvd
Mot
or A
ve
Motor Ave
Motor Ave
Inglewood Blvd
S Centinela Avenue
S Centinela Avenue
S Centinela Avenue
Culver
Blvd
Culver
Blvd
Culver
Blvd
Vista Del Mar
Via Marina
Pacific Avenue
Pacific Avenue
Pacific Avenue
Speedway
W Manchester Ave
Westchester Pkwy Westchester Pkwy
W Manchester Ave W Manchester Ave
Slauson Avenue
Slauson Avenue
Centinela Ave
W 83rd Street
W 83rd Street
W 80th Street
Sep
ulve
da B
lvd
Airp
ort B
lvd
La Ti
jera B
lvd
La Ti
jera B
lvd
Sepu
lved
a Bl
vd
Sep
ulve
da B
lvd
La Cienega Blvd
La C
iene
ga B
lvd
La C
iene
ga B
lvd
Beverwil Drive
La Cienega B
lvd
Sepu
lved
a Bl
vd
W Jefferson Blvd
W Bluff Creek Drive
90
901
1
1
1
1
1
1
405
405
405
405
405
10
10
10
1010
405
431 Marine Street
431 MARINE STREETSANTA MONICA, CA 90405
PROPERTY SUMMARY PROPERTY LOCATION
PROPERTY PRESENTATION07/19/2016
431 MARINE STREETSANTA MONICA, CA 90405
PROPERTY SUMMARY PROPERTY AERIAL
PROPERTY PRESENTATION07/19/2016
431 MARINE STREETSANTA MONICA, CA 90405
PROPERTY SUMMARY PROPERTY PROFILE / PARCEL ORIENTATION
PROPERTY PRESENTATION07/19/2016
© Latitude Geographics Group Ltd.
0.1
THIS MAP IS NOT TO BE USED FOR NAVIGATION
WGS_1984_Web_Mercator_Auxiliary_Sphere
Miles0.1
Notes
Legend
This map is a user generated static output from an Internet mapping site and is for
reference only. Data layers that appear on this map may or may not be accurate,
current, or otherwise reliable.
0.040
1: 2,257
431 Marine Street, Santa Monica, CA 90405
Parcels
431 MARINE STREETSANTA MONICA, CA 90405
PROPERTY SUMMARY PROPERTY PHOTOS
PROPERTY PRESENTATION07/19/2016
431 MARINE STREETSANTA MONICA, CA 90405
PROPERTY PRESENTATION07/19/2016
PROPERTY SUMMARY PROPERTY PHOTOS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PRESENTATION07/19/2016
FINANCIALS
431 MARINE STREET SANTA MONICACA 90405
INVESTMENT SUMMARY SCHEDULED INCOMEDown Payment: $3,475,000 100.00%Year Built: 1964 Units Beds Baths Average Monthly Rent MonthlyUnits: 6 5 2 1.5 $2,583 $12,914 $3,795 $18,975Approx. Lot Size: 7,513 Sq. Ft. 1 1 1 $1,937 $1,937 $2,795 $2,795Approx. Bldg. NRSF: 6,491 Sq. Ft.Cost per NRSF: $535.36Cost per Unit: $579,167Expense / NRSF: $10.71Expense / Unit: $11,588
CURRENT PRO FORMA $14,829 $21,770GRM: 19.53 13.28 Laundry Income: $40 $40CAP: 2.97% 5.30% $14,869 $21,810ROI: 2.97% 5.30% $177,948 $261,720
ANNUAL INCOME ESTIMATED ANNUAL EXPENSESCURRENT PRO FORMA AMOUNT
Scheduled Gross Income: $177,948 $261,720 $43,438Less Vacancy Reserve Rate: ($5,338) 3.00% * ($7,852) 3.00% $2,596Gross Operating Income: $172,610 $253,868 $6,491Less Expenses: ($69,527) 39.07% * ($69,527) 26.57% $8,897Net Operating Income: $103,083 $184,342 $6,904Less Debt Service: $0 $0 $1,200Pre-Tax Cash Flow: $103,083 2.97% ** $184,342 5.30%Plus Principal Reduction: $0 $0Total Return Before Taxes: $103,083 2.97% ** $184,342 5.30%
FINANCING INFORMATIONPrice: $3,475,000 Terms: 30 Year Amort. $69,527Down Payment: $3,475,000 Interest Rate 4.00% For 5 Years $10.71Loan Amount: $0 Payment: $0.00 Per Month $11,588
PRO FORMA
Scheduled Rent:
Monthly Gross Income:Annual Gross Income:
$3,475,000
*Rents effective starting September 1st
Expense / Unit:
Total Expenses:Expense / NRSF:
UNIT MIX
Taxes:
Maintenance & Repairs:
Insurance:Utilities:
CURRENT
ITEM
* As a percent of the scheduled gross income. ** As a percent of the down payment
Misc/Reserves:Professional Mgmt:
PROPERTY PRESENTATION07/19/2016
431 MARINE STREETSANTA MONICA, CA 90405
FINANCIALSFINANCIAL OVERVIEW
Current MarketUnit # Rent Rent
1 2 + 1.5 TH $2,694 $3,795 Rent effective September 1st2 2 + 1.5 TH $2,459 $3,795 Rent effective September 1st3 2 + 1.5 TH $2,562 $3,795 Rent effective September 1st4 2 + 1.5 TH $2,550 $3,795 Rent effective September 1st5 2 + 1.5 TH $2,587 $3,795 Rent effective September 1st6 1 + 1 $1,937 $2,795 Rent effective October 1st
LAUNDRY INCOME: $40 $40
MONTHLY TOTAL: $14,829 $21,810
ANNUAL TOTAL: $177,948 $261,720
Effective DateUnit Type
431 MARINE STREETSANTA MONICA, CA 90405
FINANCIALS RENT ROLL AS OF SEPTEMBER 1, 2016
PROPERTY PRESENTATION07/19/2016
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PRESENTATION07/19/2016
LOCATION
431 MARINE STREET SANTA MONICACA 90405
LOCATION LOCATION OVERVIEW
PROPERTY PRESENTATION07/19/2016
431 MARINE STREETSANTA MONICA, CA 90405
SANTA MONICA, CALIFORNIA
One of the most desirable addresses for both living and working, Santa Monica offers a walkable downtown, a blossoming public transportation system, and several notable tourist destinations. Known for its sunshine and beaches, Santa Monica prides itself as a national model for progressive issues, including social services, quality of life for local residents, and environmental leadership. Median family income is $110,000 and average home prices are $1.1 million resulting in beautiful neighborshoods and incredible ROI for real estate investors.
This urban village has spectacular views of its vast white sand beaches from Palisades Park, exceptional shopping on Third Street Promenade, Main Street and Montana Avenue, and the region’s most renowned restaurant scene. Santa Monica stretches for about two miles along the coast before joining up with Venice Beach.
A population of nearly 90,000 and a daytime workforce of about 80,000 makes Santa Monica’s labor force participation rate among the highest in the world. Major employers include UCLA Hospital, St. John’s Health Center, RAND Corporation, Universal Music Group, Activision and Santa Monica College.
Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies. Major technology companies that have opened offices in the region include Google, Yahoo!, YouTube, BuzzFeed, Facebook, AOL, Electronic Arts, EdgeCast Networks, and MySpace. The region is considered the second- or third-largest tech hub in the world, according to various reports. This has had major impacts on the type and availability of office space and on home prices in Playa Vista, Playa Del Rey, Westchester, Santa Monica, and Venice, as these areas have become more desirable due to this influx. The effects are also spilling over into Marina del Rey which is attracting tech firms.
The Expo Line is a light-rail line that runs between Downtown Los Angeles and Santa Monica. The line is named “Expo” after Exposition Boulevard, which it runs alongside for most of its route. It is one of the six lines in the Metro Rail system, and is operated by the Los Angeles County Metropolitan Transportation Authority (Metro).
431 MARINE STREETSANTA MONICA, CA 90405
LOCATION MARKET AERIAL
PROPERTY PRESENTATION07/19/2016
Neilson Way
Hill St
Marine St
1
John Muir Elementary School
Ocean View Park
Library Ale House
431 Marine Street
Rose Ave
nue
Main Street
WESTSIDE
Los
Ange
les
Riv
er
Los Angeles River
PACIFIC OCEAN
2nd St/Hope
1st/Centra
l
2nd St/BroadwayBroadway
Wils
hire/L
a Bre
a
Wils
hire/F
airfax
Wils
hire/L
a Cienega
Wils
hire/R
odeo
Century City
/Conste
llatio
n
Westwood/U
CLA
Westwood/U
CLA
Westwood/V
A Hospita
l
Aviation/96th
Martin Luther King Jr
Leimert Park
Hyde Park
Fairview Heights
Downtown Inglewood
Westchester/Veterans
Aviation/Century
Little Tokyo/Arts Dist
PURPLE LINE EXTENSION
REGIONAL CONNECTOR
TRANSIT PROJECT
CRENSHAW/LAXTRANSIT PROJECT
LAX
Univers
al City
/Stu
dio City
Hollywood/V
ine
Hollywood/H
ighland
Univers
al City
/Stu
dio City
Balboa
Canoga
De Soto
Pierce Colle
ge
Tam
pa
Reseda
Civic Ctr/
Civic Ctr/
Civic Ctr/
Civic Ctr/
Grand
Grand
Grand
Grand
ParkParkParkPark
Westlake/M
acArthur P
ark
Warner Ctr
Roscoe
Pico/A
liso
Mariach
i Pla
za
Long Beach
Bl
Artesia
Del Amo
Civic Ctr/
Grand
Park
Allen
LakeSierr
a Madre
Villa
Arcadia
Monrovia
Duarte/C
ity of H
ope
Irwindale
Azusa D
owntown
APU/Citr
us College
Lincoln/Cypress
Heritage Sq
Southwest Museum
Highland Park
Fillmore
Del Mar
Memorial Park
South Pasadena
Westlake/M
acArthur P
ark
Wils
hire/V
ermont
Pershing
Chinatown
Union Station
Chinatown
Square
7th St/Metro CtrPico
LATTC/OrthoInstitute
Jeffers
on/USC
Union Station
LAX FlyAwayAmtrak & MetrolinkLAX FlyAway
LAX Shuttle G
Amtrak & MetrolinkMetro
link
Sherman Way
Warner Ctr
Roscoe
Nordhoff
Chatsworth
Hollywood/W
estern
Vermont/S
anta M
onicaHollywood/W
estern
Hollywood/V
ine
Hollywood/H
ighlandNorth
Holly
wood
Balboa
Woodley
Sepulveda
Van Nuys
Sepulveda
Van Nuys
Woodman
Valley Colle
ge
Laurel C
anyon
Canoga
De Soto
Pierce Colle
ge
Tam
pa
Reseda
Vermont/B
everly
Vermont/S
anta M
onica
Vermont/S
unset
Vermont/S
unset
Amtrak & Metrolink
Soto
Indiana
Maravill
a
East LA Civic
Ctr
Atlantic
El Monte
Cal Sta
te LA
LAC+USC Medica
l Ctr
Pico/A
liso
Mariach
i Pla
za
Wils
hire/
Normandie
Wils
hire/W
estern
ExpoPark
/USC
Expo/Verm
ont
Expo/Weste
rn
Expo/Cre
nshaw
Farmdale
Expo/La B
rea
La Cienega/Jeffers
on
Culver C
ity
Palms
Westwood/R
ancho Park
Expo/Sepulve
da
Expo/Bundy
26th St/B
ergam
ot
Expo/Sepulve
da
Expo/Bundy
26th St/B
ergam
ot
17th
St/SMC
Downtown Santa
Monica
Mariposa
El Segundo
Douglas
Redondo Beach
37th St/USC
Rosecrans
Harbor
Carson
Pacific CoastHwy
GatewayTransit Ctr
Long Beach
Bl
Avalon
Vermont/
Athens
Crenshaw
Hawthorn
e/Lennox
Aviation/L
AX
Lakewood Bl
Norwalk
Norwalk
Slauson
Manchester
Harbor F
wy
5th St
1st St
PacificAv
DowntownLong Beach
PacificAv
Washington
Vernon
Slauson
Florence
Firestone
Compton
Artesia
Del Amo
Wardlow
Willow St
Pacific Coast Hwy
Anaheim St
103rd St/
Willowbrook/Rosa Parks
Watts Towers 103rd St/
Willowbrook/Rosa Parks
DowntownLong Beach
Grand/LATTC
San Pedro St
Watts Towers
SAN FERNANDO VALLEY
SAN GABRIEL VALLEY
EASTSIDE
SOUTH BAY
San Pedro
GATEWAY CITIES
DOWNTOWNLA
SOUTH LA
WESTSIDE
CENTRAL LA
SAN FERNANDO VALLEY
SAN GABRIEL VALLEY
EASTSIDE
SOUTH BAY
San Pedro
GATEWAY CITIES
DOWNTOWNLA
SOUTH LA
CENTRAL LA
North Hollywood to Union Station
Metro Rail
Wilshire/Western to Union StationPurple Line
Blue Line
Expo Line
Orange Line
Amtrak
LAX FlyAway
Metrolink
Metro Busway
Regional Rail
Green Line
Gold Line
Downtown LA to Long Beach
Downtown LA to Santa Monica
Redondo Beach to Norwalk
East Los Angeles to Azusa
Silver Line
Chatsworth to North Hollywood
San Pedro to El Monte
amtrak.com
metrolinktrains.com
lawa.org/flyaway
LAX Shuttle (free)lawa.org
Street Service in Downtown LAand San Pedro
MAY 2016 Subject to Change
Airport Shuttle
Rail Station
StationTransfer
Busway
Statio
n
UNDERCONSTRUCTION
Busway StreetService
Red Line
metro.net
Metro Rail & Busway
16-1
819M
M ©
2016
LAC
MTA
JUL 2016 Subject to Change
PROPERTY PRESENTATION07/19/2016
431 MARINE STREETSANTA MONICA, CA 90405
431 Marine Street
LOCATION EXPO LINE
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PRESENTATION07/19/2016
COMPARABLES
431 MARINE STREET SANTA MONICACA 90405
431 MARINE STREETSANTA MONICA, CA 90405
COMPARABLES SALES COMPS
PROPERTY PRESENTATION07/19/2016
Playa Vista
Del Ray
Venice
Playa Del Ray
Marina Del Ray
Loyola Marymount University
Los Angeles International Airport
Santa MonicaMunicipal Airport
Hillcrest Country Club
Kenneth HahnRecreation Area
Cheviot HillsRecreation Center
Pacific Ocean W Jefferson Blvd
Fiji Way
Culver
Blvd
Venice Blvd
Abbot Kinney Blvd
Lincoln Blvd
Lincoln Blvd
Lincoln Blvd
Pacific Coast Highway
Venice Blvd
Beethoven Street
Walgrove Ave
Walgrove Ave
26th Street
14th Street
14th StreetLincoln Blvd
4th Street
4th Street
Ocean Ave
26th Street
Venice Blvd
Venice Blvd
Venice Blvd
Palms Blvd
Palms BlvdNational Blvd
Rose BlvdOcean Park Blvd
Ocean Park Blvd
Pico Blvd
Pico Blvd
Olympic B
lvd
Olympic B
lvd
Olympic
Blvd
Olympic
Blvd
Santa
Monica
Blvd
Santa
Monica
Blvd
Ohio Ave
Santa Monica Blvd
Santa Monica Blvd
Wilshire
Blvd
Wilshire
Blvd
Montan
a Blvd
Montan
a Blvd
San Vice
nte Blvd
San Vice
nte Blvd
Colorado Blvd
Pico Blvd
Pico Blvd
Pico Blvd
Washington Blvd
Washington Blvd
Washington Blvd
National Blvd
Cadillac Ave
Monte Mar Dr
Rodeo Rd
Mindanao Way
Inglewood Blvd
Overland Ave
Overland Ave
Overland AveW
estwood Blvd
Mot
or A
ve
Motor Ave
Motor Ave
Inglewood Blvd
S Centinela Avenue
S Centinela Avenue
S Centinela Avenue
Culver
Blvd
Culver
Blvd
Culver
Blvd
Vista Del Mar
Via Marina
Pacific Avenue
Pacific Avenue
Pacific Avenue
Speedway
W Manchester Ave
Westchester Pkwy Westchester Pkwy
W Manchester Ave W Manchester Ave
Slauson Avenue
Slauson Avenue
Centinela Ave
W 83rd Street
W 83rd Street
W 80th Street
Sep
ulve
da B
lvd
Airp
ort B
lvd
La Ti
jera B
lvd
La Ti
jera B
lvd
Sepu
lved
a Bl
vd
Sep
ulve
da B
lvd
La Cienega Blvd
La C
iene
ga B
lvd
La C
iene
ga B
lvd
Beverwil Drive
La Cienega B
lvd
Sepu
lved
a Bl
vd
W Jefferson Blvd
W Bluff Creek Drive
90
901
1
1
1
1
1
1
405
405
405
405
405
10
10
10
1010
405
431 Marine Street
2
1
5
4
3
Recent Sales
2820 3rd Street
2626 11th Street
921-925 16th Street
1038 10th Street
918 16th Street
1040 Euclid St
1
2
3
4
5
6
6
431 MARINE STREETSANTA MONICA, CA 90405
COMPARABLES SALES COMPS
PROPERTY PRESENTATION07/19/2016
.
.
SALE PRICE $2,950,000 COE 09/09/15UNITS 6BLDG S.F. 4,636PRICE/S.F. $636 PRICE/UNIT $491,667 YEAR BUILT 1962GRM 18.6
SALE PRICE $3,850,000 COE 08/12/15UNITS 6BLDG S.F. 5,228PRICE/S.F. $736 PRICE/UNIT $641,667 YEAR BUILT 1950GRM 22.64
COMMENTS: Smaller unit size than subject COMMENTS: Smaller building size than subject
SALE PRICE $3,490,000 COE 03/01/16TOTAL UNITS 7BLDG S.F. 7,070PRICE/S.F. $493 PRICE/UNIT $498,571 YEAR BUILT 1968GRM 17.2
COMMENTS: Smaller unit size than subject
1 3
2
UNITS UNIT TYPE4 2 Bed/1.5 Bath3 3 Bed/2 Bath
UNITS UNIT TYPE4 1 Bed/1 Bath2 2 Bed/2 Bath
UNITS UNIT TYPE6 2 Bed/2 Bath
UNITS UNIT TYPE5 2 Bed/1.5 Bath TH1 1 Bed/1 Bath
SALE PRICE $3,475,000
TOTAL UNITS 6
BLDG S.F. 6,491
PRICE/S.F. $535.36
PRICE/UNIT $579,167
YEAR BUILT 1964
GRM 19.53
431 Marine Street, Santa Monica, Ca 90405
921-925 16th Street, Street, Santa Monica, Ca 904052820 3rd Street, Santa Monica, Ca 90405
2626 11th Street, Santa Monica, Ca 90405
431 MARINE STREETSANTA MONICA, CA 90405
COMPARABLES SALES COMPS
PROPERTY PRESENTATION07/19/2016
.
SALE PRICE $5,526,000
COE 03/01/16UNITS 11BLDG S.F. 10,878PRICE/S.F. $508PRICE/UNIT $502,363
YEAR BUILT 1963GRM 17.83
COMMENTS: Smaller unit size than subjectCOMMENTS: All studio units
6 1040 Euclid Street, Santa Monica, CA 90403
SALE PRICE $2,950,000 COE 05/31/16UNITS 6BLDG S.F. 8,877PRICE/S.F. $383 PRICE/UNIT $566,667YEAR BUILT 1968GRM N/A
COMMENTS: Smaller unit size than subject
5
UNITS UNIT TYPE4 2 Bed/1.5 Bath1 2 Bed/2 Bath1 3 Bed/3.5 Bath
UNITS UNIT TYPE6 Studio
SALE PRICE $3,100,000 COE 05/23/16TOTAL UNITS 6BLDG S.F. 7,585PRICE/S.F. $408 PRICE/UNIT $516,667 YEAR BUILT 1962GRM N/A
1038 10th Street, Santa Monica, Ca 90403
918 16th Street, Santa Monica, Ca 90405
4
UNITS UNIT TYPE9 2 Bed/2 Bath2 1 Bed/1 Bath
431 MARINE STREETSANTA MONICA, CA 90405
COMPARABLES RENT COMPS
PROPERTY PRESENTATION07/19/2016
Playa Vista
Del Ray
Venice
Playa Del Ray
Marina Del Ray
Loyola Marymount University
Los Angeles International Airport
Santa MonicaMunicipal Airport
Hillcrest Country Club
Kenneth HahnRecreation Area
Cheviot HillsRecreation Center
Pacific Ocean W Jefferson Blvd
Fiji Way
Culver
Blvd
Venice Blvd
Abbot Kinney Blvd
Lincoln Blvd
Lincoln Blvd
Lincoln Blvd
Pacific Coast Highway
Venice Blvd
Beethoven Street
Walgrove Ave
Walgrove Ave
26th Street
14th Street
14th StreetLincoln Blvd
4th Street
4th Street
Ocean Ave
26th Street
Venice Blvd
Venice Blvd
Venice Blvd
Palms Blvd
Palms BlvdNational Blvd
Rose BlvdOcean Park Blvd
Ocean Park Blvd
Pico Blvd
Pico Blvd
Olympic B
lvd
Olympic B
lvd
Olympic
Blvd
Olympic
Blvd
Santa
Monica
Blvd
Santa
Monica
Blvd
Ohio Ave
Santa Monica Blvd
Santa Monica Blvd
Wilshire
Blvd
Wilshire
Blvd
Montan
a Blvd
Montan
a Blvd
San Vice
nte Blvd
San Vice
nte Blvd
Colorado Blvd
Pico Blvd
Pico Blvd
Pico Blvd
Washington Blvd
Washington Blvd
Washington Blvd
National Blvd
Cadillac Ave
Monte Mar Dr
Rodeo Rd
Mindanao Way
Inglewood Blvd
Overland Ave
Overland Ave
Overland AveW
estwood Blvd
Mot
or A
ve
Motor Ave
Motor Ave
Inglewood Blvd
S Centinela Avenue
S Centinela Avenue
S Centinela Avenue
Culver
Blvd
Culver
Blvd
Culver
Blvd
Vista Del Mar
Via Marina
Pacific Avenue
Pacific Avenue
Pacific Avenue
Speedway
W Manchester Ave
Westchester Pkwy Westchester Pkwy
W Manchester Ave W Manchester Ave
Slauson Avenue
Slauson Avenue
Centinela Ave
W 83rd Street
W 83rd Street
W 80th Street
Sep
ulve
da B
lvd
Airp
ort B
lvd
La Ti
jera B
lvd
La Ti
jera B
lvd
Sepu
lved
a Bl
vd
Sep
ulve
da B
lvd
La Cienega Blvd
La C
iene
ga B
lvd
La C
iene
ga B
lvd
Beverwil Drive
La Cienega B
lvd
Sepu
lved
a Bl
vd
W Jefferson Blvd
W Bluff Creek Drive
90
901
1
1
1
1
1
1
405
405
405
405
405
10
10
10
1010
405
431 Marine Street
2
1
43
Rent Comps
59 Rose Ave
1835 7th Street
2521 Beverly Ave
660 Ocean Park Blvd
1
2
3
4
431 MARINE STREETSANTA MONICA, CA 90405
COMPARABLES RENT COMPS
PROPERTY PRESENTATION07/19/2016
.
.
UNITS 2Bed/1.5 Bath TH
RENT $2,583
RENT/S.F.
431 Marine Street, Santa Monica, Ca 90405
.
UNITS TYPE 2 Bed/1.5 Bath
RENT $4,250
3 2521 Beverly Avenue, Santa Monica, CA 90405
UNIT TYPE 2 Bed/2 Bath
RENT $4,495
1 59 Rose Avenue, Venice, 90291
.
UNIT TYPE 2 Bed/1.5 Bath
RENT $3,995
2
.
1835 7th Street, Santa Monica, CA 90405
.
UNIT TYPE 2 Bed/1.5 BathRENT $4,000
4 660 Ocean Park Boulevard, Santa Monica, CA 90405
.
Kenny StevensBRE# 01090251 D: 424-284-4440 F: 310-551-0661 [email protected]
LISTING PROPOSAL PRESENTED TO:FIRST LAST07/19/2016
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212