10412 south figueroa st. - loopnet · 2019-04-23 · 10412 south figueroa st. 10412 south figueroa...
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For more information contact:
10412 SOUTH FIGUEROA ST.10412 South Figueroa StreetLos Angeles, CA 90003
Martin Ensbury
President- The Ensbury Group
(310) 880-0132
BRE #00815392
L'Mar Kojani
Global Investment Associate
(310) 733-6819
BRE #01970704
PROPERTY HIGHLIGHTS
Major value add opportunity! 6.83% cap rate on proforma rents. ●
Seller just replaced the roof and has recently renovated most units. ●
Located in gentrifying South Los Angeles, easily accessible to thenew Rams stadium and the resurgent Downtown LA.
●
Perfect for most government subsidy programs.●
Currently 11 vacancies. ●
LOCATION MAP
10412 South Figueroa St.10412 South Figueroa Street | Los Angeles, CA 90003
Martin EnsburyPresident The Ensbury Group(310) 880[email protected]
Page 2
REGIONAL MAP
10412 South Figueroa St.10412 South Figueroa Street | Los Angeles, CA 90003
Martin EnsburyPresident The Ensbury Group(310) 880[email protected]
Page 3
AERIAL MAP
10412 South Figueroa St.10412 South Figueroa Street | Los Angeles, CA 90003
Martin EnsburyPresident The Ensbury Group(310) 880[email protected]
Page 4
DEMOGRAPHICS
10412 South Figueroa St.10412 South Figueroa Street | Los Angeles, CA 90003
Martin EnsburyPresident The Ensbury Group(310) 880[email protected]
Population Characteristic 1 Mile 3 Mile 5 Mile
Ages 04 4,457 30,050 86,709
Ages 59 5,321 35,704 101,941
Ages 1014 4,949 33,380 93,916
Ages 1519 4,947 33,313 92,386
Ages 2024 5,089 34,363 96,540
Ages 2529 4,904 33,295 96,120
Ages 3034 4,497 30,783 91,921
Ages 3539 4,152 28,330 87,602
Ages 4044 3,851 26,470 83,488
Ages 4549 3,597 24,997 78,969
Ages 5054 3,121 22,209 69,163
Ages 5559 2,544 18,711 57,802
Ages 6064 1,912 14,769 45,317
Ages 6569 1,381 10,984 33,255
Ages 7074 944 7,718 23,091
Ages 7579 540 5,049 14,854
Ages 8084 283 2,969 8,629
Household Income 1 Mile 3 Mile 5 Mile
Median Household Income $30,052 $37,835 $39,368
< $10000 1,748 12,690 31,506
$10000$14999 1,860 10,644 28,621
$15000$19999 1,511 8,348 24,431
$20000$24999 917 7,451 23,232
$25000$29999 1,192 7,157 21,023
$30000$34999 1,082 6,900 20,410
$35000$39999 786 5,672 18,337
$40000$44999 739 6,076 18,290
$45000$49999 653 4,232 14,302
$50000$60000 1,142 8,119 26,336
$60000$74000 1,467 9,907 30,635
$75000$99999 940 9,094 28,612
$100000$124999 337 5,205 14,905
$125000$149999 199 2,513 7,764
$150000$199999 144 1,366 4,600
> $200000 29 786 2,654
Race Characteristic 1 Mile 3 Mile 5 Mile
Non Hispanic White 12,815 84,256 324,194
Population Black 18,025 135,982 281,994
Population Am In/AK Nat 121 761 3,093
Characteristic Housing 1 Mile 3 Mile 5 Mile
Housing Units 15,636 111,492 328,208
Occupied Housing Units 14,268 103,549 308,574
Owner Occupied Housing Units 4,923 43,376 118,555
Renter Occupied Housing Units 9,345 60,173 190,019
Vacant Housing Units 1,368 7,943 19,634
Page 5
PROPERTY PHOTOS
10412 South Figueroa St.10412 South Figueroa Street | Los Angeles, CA 90003
Martin EnsburyPresident The Ensbury Group(310) 880[email protected]
Page 6
ADDITIONAL PHOTOS
10412 South Figueroa St.10412 South Figueroa Street | Los Angeles, CA 90003
Page 7
Investment Operating Information
Price: 2,500,000$ 1st Trust Deed: 5-Year Fixed Rate Loan (74%)
Down Payment: 26% 650,000$ Loan Amount: 1,850,000$
Number of Units: 19 Interest Rate: 4.40%
Cost Per Unit: 131,579$ Loan Term (Years): 5
Current GRM: 29.60 Amortization (Years): 30
Market GRM: 9.42 Monthly Payment: ($9,264.08)
Current CAP: 0.12% Annual Debt Service: ($111,168.92)
Market CAP: 6.83%
Year Built: 1960
Approximate Lot Size: 7,405 43560
Approximate Net RSF: 5,295
Cost Per Net RSF: 472.14$
Scheduled Gross Income: 84,456$ 265,260$
Less: Vacancy -$ 0% (13,263)$ 5%
Gross Operating Income: 84,456$ 251,997$
Less: Expenses: (81,339)$ 96.3% (81,339)$ 32.3%
Net Operating Income: 3,117$ 170,658$
Less: Loan Payments: (111,169)$ (111,169)$
Net Cash Flow: (108,052)$ -16.62% 59,489$ 9.15%
Plus: Principal Paydown: 30,377$ 30,377$
Total Return Before Taxes: (77,675)$ -11.95% 89,866$ 13.83%
Property Taxes - New (1.196046%) $29,901
Unit BDRMS/ Monthly Monthly Monthly Monthly Special Assessments $804
# BATHS Rent/Unit Income Rent/Unit Income Electric $5,497
1 1 Bd/1 Ba $1,500 $1,500 $1,570 $1,570 Water $4,824
2 Single (vacant) $0 $0 $1,055 $1,055 Sewer $3,811
3 Studio $1,150 $1,150 $1,220 $1,220 Trash $2,400
4 Single (vacant) $0 $0 $1,065 $1,065 Repairs $6,650
5 Studio $1,150 $1,150 $1,220 $1,220 General $4,750
6 Single $738 $738 $1,065 $1,065 On-Site Manager $4,800
7 Single $850 $850 $1,065 $1,065 Off-Site Management $9,301
8 Single (vacant) $0 $0 $1,065 $1,065 Reserves $4,750
9 Single (vacant) $0 $0 $1,065 $1,065 Insurance $3,850
10 Single (vacant) $0 $0 $1,065 $1,065
11 Studio $700 $700 $1,220 $1,220
12 Single (vacant) $0 $0 $1,065 $1,065
13 Studio (vacant) $0 $0 $1,220 $1,220
14 Single (vacant) $0 $0 $1,065 $1,065
15 Studio $0 $0 $1,220 $1,220
16 Single $950 $950 $1,065 $1,065
17 Single (vacant) $0 $0 $1,065 $1,065
18 Single (vacant) $0 $0 $1,065 $1,065
19 Single (vacant) $0 $0 $1,065 $1,065
$7,038 $21,505
$0 $300
$0 $300 Estimated Total Expenses $81,339
$7,038 $22,105
Per Net Sq. Ft. $15.36
$84,456 $265,260 Expenses Per Unit $4,281
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 INACCURACIES
Proforma Rents
Annualized Operating Data
Parking Income:
Scheduled Income
Monthly Scheduled Gross Income:
Annual Scheduled Gross Income:
Current Rents
Total Monthly Scheduled Gross Income:
Utility Reimbursement
Current Rents
Multi-Family
10412 S. Figueroa St.
Los Angeles, CA
Investment Summary
Estimated Operating Expenses
Market Rents
Loan Information
4/16/2019
APARTMENT
SALES COMPARABLES
14Sale Price
Building Size
Price per SF
Actual Cap Rate
Days on Market
Sale Price to Asking Price Ratio 88.69%
$1,150,000
3,337 SF
$228.40
5.07%
63
$2,256,857
7,410 SF
$304.56
5.72%
133
97.29%
$1,812,500
5,968 SF
$299.20
5.23%
148
99.19%
$4,700,000
15,340 SF
$659.37
6.76%
171
102.09%
14
14
7
4
4
Gross Income Multiplier
Gross Rent Multiplier
# of Units
Price per Unit $126,667
-
9.19
8
-
11.36
13
$172,656
-
10.94
12
$156,000
-
13.00
22
$391,667
-
5
14
14
Totals
Sold Transactions $31,596,000 Total Sales Transactions:Total Sales Volume: 14
Survey Criteria
basic criteria: Type of Property - Multi-Family; Sale Date - from 1/1/2017; Sale Status - Sold; Return andSearch on Portfolio Sales as Individual Properties - Yes; Exclude Non-Arms Length Comps - Yes
geography criteria: Zip Code - 90001, Los Angeles, CA; 90003, Los Angeles, CA; 90044, Los Angeles, CA
Comps Statistics
CountHighMedianAverageLow
Quick Stats Report
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 1
1201 E 64th St
Los Angeles, CA 90001
Sale on 12/6/2018 for $1,615,000 ($346.86/SF; $146,818/Unit) - Research Complete
11 Unit, 4,656 SF Class C Apartments Building Built in 1923
SOLD
1
Sale Date:
Price/SF:
Sale Price:
$346.86
$1,615,000-Full Value
12/06/2018
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1923 Age: 95
4,656 SF
0.20 AC (8,886 SF)
Percent Leased: 100.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $7,916,666.67
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$623,702 in 2018
$375,326
$248,376
Percent Improved: 60.2%
Land Assessed/AC: $1,217,529
InvestmentSale Type:
Transfer Tax: $1,776.50
GRM/GIM: -/-
ID: 4616811
-
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Escrow Length: -
Parcel No:
Financing:
6008-016-011
Down payment of $1,615,000.00 (100.0%)
Document No: 1231047
Sale History: Sold for $1,615,000 ($346.86/SF; $146,818/Unit) on 12/6/2018Sold for $565,000 ($121.35/SF; $51,364/Unit) on 5/10/2012
Legal Desc: Legal Description is too long to be abbreviate, Please See Deed.
Spacer
# Units:
Avg Unit Size: 423 SF
11
Avg Rent/Unit/Mo: $636
$146,818Price/Unit:
Spacer Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 2 18.2 - - - - - - - - - - -
1/1.0 9 81.8 - - - - - - - - - - -
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 2
Income Expense Data
$12,292
$12,292
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
11
423 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1923
4,656 SFBldg Size:
Typical Floor Size: 3,998 SF
Stories: 1
Bldg Vacant: 0 SF
Owner Type: Developer/Owner-RGNL
Zoning: LCR3YY
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.20 AC
Expenses: 2018 Tax @ $1117.42/Unit; 2012 Ops @ $725.34/Unit
Site Amenities: Fenced Lot
ID: 8433291
Location Information
Los Angeles
Southeast Los Angeles MF/Florence-Graham MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1201 E 64th St SOLD11 Unit, 4,656 SF Class C Apartments Building Built in 1923 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 3
245 W 71st St
Los Angeles, CA 90003
Sale on 7/9/2018 for $1,150,000 ($344.62/SF; $143,750/Unit) - Research Complete
8 Unit, 3,337 SF Class C Apartments Building Built in 1923
SOLD
2
Sale Date:
Price/SF:
Sale Price:
$344.62
$1,150,000-Confirmed
07/09/2018
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1923 Age: 95
3,337 SF
0.13 AC (5,732 SF)
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,738,601.82
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$669,120 in 2017
$275,400
$393,720
Percent Improved: 41.2%
Land Assessed/AC: $2,991,793
InvestmentSale Type:
Transfer Tax: $1,265
GRM/GIM: -/-
ID: 4434037
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6012-010-019
Down payment of $1,150,000.00 (100.0%)
Document No: 0680788
Sale History: Sold for $1,150,000 ($344.62/SF; $143,750/Unit) on 7/9/2018Sold for $656,000 ($196.58/SF; $82,000/Unit) on 11/23/2015
Legal Desc: Lot 75 Trt 4791 Bk 50 Pg 94
Spacer
# Units:
Avg Unit Size: 417 SF
8
SF of all Units: 3,336
$143,750Price/Unit:
Spacer
Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 8 100.0 417 - - - - - - - - - -
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 4
Income Expense Data
$9,001
$9,001
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
8
417 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1923
3,337 SFBldg Size:
Typical Floor Size: 2,937 SF
Stories: 1
Parking: 2 Surface Spaces are available; Ratio of 0.59/1,000 SF; 0.25/Unit
Bldg Vacant: 0 SF
Owner Type: Developer/Owner-RGNL
Zoning: LAR2
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.13 AC
Expenses: 2018 Tax @ $1125.19/Unit
Site Amenities: Heating, Kitchen, Range
ID: 9886785
Location Information
Los Angeles
Greater Inglewood MF/Canndu/Avalon Gardens MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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245 W 71st St SOLD8 Unit, 3,337 SF Class C Apartments Building Built in 1923 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 5
706 W 81st St
Los Angeles, CA 90044
Sale on 2/1/2018 for $1,220,000 ($296.84/SF; $152,500/Unit) - Research Complete
8 Unit, 4,110 SF Class C Apartments Building Built in 1926
SOLD
3
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$296.84
$1,220,000-Confirmed
02/01/2018 (135 days on market)
Bldg Type:
Land Area:
Year Built/Age:
RBA:
6.76%
Apartments
Built in 1926 Age: 92
4,110 SF
0.21 AC (9,278 SF)
Percent Leased: -
Transaction Details
Asking Price: $1,195,000
Price/AC Land Gross: $5,727,699.53
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$787,020 in 2017
$113,910
$673,110
Percent Improved: 14.5%
Land Assessed/AC: $3,160,140
InvestmentSale Type:
Transfer Tax: $1,342
GRM/GIM: 9.19/-
ID: 4137674
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6032-023-005
Down payment of $1,220,000.00 (100.0%)
Document No: 0108886
Sale History: Sold on 8/31/2018 Non-Arms LengthSold for $1,220,000 ($296.84/SF; $152,500/Unit) on 2/1/2018Sold for $1,120,000 ($272.51/SF; $140,000/Unit) on 4/11/2017Sold for $196,000 ($47.69/SF; $24,500/Unit) on 5/1/2015Sold on 9/12/2013 Non-Arms LengthSold on 4/14/2003 Non-Arms LengthSold for $250,000 ($60.83/SF; $31,250/Unit) on 12/28/1990
Legal Desc: Lot 180 Sunny Park Addition bk 6 pg 198
Spacer
# Units:
Avg Unit Size: 513 SF
8
Avg Rent/Unit/Mo: $1,120
$152,500Price/Unit:
Spacer Spacer
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 6
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
Studio/1.0 1 12.5 - 1 $1,180 $1,180 - - - - - - -
1/1.0 6 75.0 - - $1,080 $1,080 - - - - - - -
3/1.0 1 12.5 - - $1,300 $1,300 - - - - - - -
Income Expense Data
$14,575
$14,575
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
8
513 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1926
4,110 SFBldg Size:
Typical Floor Size: 4,110 SF
Stories: 1
Bldg Vacant: 0 SF
Owner Type: -
Zoning: LAR3
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.21 AC
Expenses: 2018 Tax @ $1821.88/Unit, 2003 Est Tax @ $523.88/Unit; 2016 Ops @ $2164.13/Unit, 2003 Est Ops @$166
ID: 84503
Location Information
Los Angeles
Greater Inglewood MF/South Central LA MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-B2
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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706 W 81st St SOLD8 Unit, 4,110 SF Class C Apartments Building Built in 1926 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 7
1026 W 91st St
Los Angeles, CA 90044
Sale on 8/9/2018 for $2,010,000 ($298.40/SF; $154,615/Unit) - Research Complete
13 Unit, 6,736 SF Class C Apartments Building Built in 1947
SOLD
4
Sale Date:
Price/SF:
Sale Price:
$298.40
$2,010,000-Full Value
08/09/2018
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1947 Age: 71
6,736 SF
0.44 AC (19,023 SF)
Percent Leased: 100.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $4,602,702.08
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$350,819 in 2017
$210,493
$140,326
Percent Improved: 60.0%
Land Assessed/AC: $321,332
InvestmentSale Type:
Transfer Tax: $2,211
GRM/GIM: -/-
ID: 4482815
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6047-020-018
Down payment of $510,000.00 (25.4%)
Document No: 0801482
Sale History: Sold for $2,010,000 ($298.40/SF; $154,615/Unit) on 8/9/2018Sold for $1,500,000 ($222.68/SF; $115,385/Unit) on 8/18/2017
Legal Desc: Lot 45 Trt Grider & Hamilton's Sunnyside No 2 bk 6 pg 88
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# Units:
Avg Unit Size: 518 SF
13 $154,615Price/Unit:
Spacer
Spacer
Income Expense Data
$23,206
$23,206
Total Expenses
- Operating Expenses
- TaxesExpenses
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 8
Bldg Type: Apartments
13
518 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1947
6,736 SFBldg Size:
Typical Floor Size: 5,435 SF
Stories: -
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: LCR320U*
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.44 AC
Expenses: 2018 Tax @ $1785.07/Unit
ID: 10384958
Location Information
Los Angeles
Greater Inglewood MF/Westmont MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1026 W 91st St SOLD13 Unit, 6,736 SF Class C Apartments Building Built in 1947 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 9
1040 W 91st St
Los Angeles, CA 90044
Sale on 3/1/2019 for $2,530,000 ($297.79/SF; $230,000/Unit) - Research Complete
12 Unit, 8,496 SF Class C Apartments Building Built in 1963
SOLD
5
Sale Date:
Price/SF:
Sale Price:
$297.79
$2,530,000-Full Value
03/01/2019
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1963 Age: 56
8,496 SF
0.22 AC (9,514 SF)
Percent Leased: 100.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $11,584,249.08
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$2,000,000 in 2018
$800,000
$1,200,000
Percent Improved: 40.0%
Land Assessed/AC: $5,494,505
InvestmentSale Type:
Transfer Tax: $2,783
GRM/GIM: -/-
ID: 4699491
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6047-020-017
Down payment of $633,000.00 (25.0%)$1,897,000.00 from Opus bank
Document No: 0183208
Sale History: Sold for $2,530,000 ($297.79/SF; $230,000/Unit) on 3/1/2019Portfolio sale of 6 properties sold for $10,490,000 ($194.66/SF; $156,567/Unit) on 12/1/2017Sold on 12/29/2015 Non-Arms LengthSold for $1,325,000 ($155.96/SF; $120,455/Unit) on 6/23/2015Sold for $1,350,000 ($158.90/SF; $122,727/Unit) on 3/14/2005Sold for $985,000 ($115.94/SF; $89,545/Unit) on 1/13/2004
Legal Desc: East 55 Ft of Lot 44 in Bk 6, Pg 88
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# Units:
Avg Unit Size: 772 SF
12
SF of all Units: 7,720
$230,000Price/Unit:
Spacer
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Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 10
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
2/1.0 2 16.7 - - - - - - - - - - -
3/1.0 10 83.3 773 - - - - - - - - - -
Bldg Type: Apartments
12
772 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1963
8,496 SFBldg Size:
Typical Floor Size: 4,248 SF
Stories: 2
Parking: 11 Covered Spaces are available; Ratio of 1.29/1,000 SF; 0.92/Unit
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: R320U, Los Angeles
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.22 AC
Expenses: 2018 Tax @ $2368.63/Unit; 2017 Combined Est Tax/Ops @ $6052.78/Unit
Site Amenities: Air Conditioning, Laundry Facilities, Storage Units
# of Bldgs: 1
ID: 4622903
Location Information
Los Angeles
Greater Inglewood MF/Westmont MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-A3
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1040 W 91st St SOLD12 Unit, 8,496 SF Class C Apartments Building Built in 1963 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 11
1212 W 107th St - 1212 W 107th St
Los Angeles, CA 90044
Sale on 12/1/2017 for $3,725,000 ($242.83/SF; $169,318/Unit) - Research Complete
22 Unit, 15,340 SF Class C Apartments Building Built in 1962
SOLD
6
Sale Date:
Pro Forma Cap Rate:
Price/SF:
Sale Price:
Actual Cap Rate:
$242.83
$3,725,000-Confirmed
12/01/2017 (171 days on market)
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
7.29%
5.07%
Apartments
Built in 1962 Age: 55
15,340 SF
0.44 AC (19,101 SF)
1031 Exchange, DeferredMaintenance
Percent Leased: -
Transaction Details
Asking Price: $4,200,000
Price/AC Land Gross: $8,494,868.87
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$555,711 in 2017
$333,989
$221,722
Percent Improved: 60.1%
Land Assessed/AC: $505,637
InvestmentSale Type:
Transfer Tax: $4,097.50
GRM/GIM: 11.94/-
ID: 4071783
- Spacer
Escrow Length: -
Parcel No: 6076-002-020
Document No: 1384680
Sale History: Sold for $3,725,000 ($242.83/SF; $169,318/Unit) on 12/1/2017Sold for $350,000 ($22.82/SF; $15,909/Unit) on 4/2/1996
No. of Tenants: 2
Legal Desc: Lot 211 Original Sunnyside bk 7 pg 171
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Tenants at time of sale: 1212 W 107th St; Candice Hernandez
# Units:
Avg Unit Size: 895 SF
22
Avg Rent/Unit/Mo:
Avg Rent/SF/Mo:
$1,211
$1.35SF of all Units: 19,700
$169,318Price/Unit:
Spacer Spacer
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Page 12
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 6 27.3 750 - $950 $1,300 $1.27 $1.73 - - - - -
2/1.0 14 63.6 1,000 - $975 $1,500 $0.98 $1.50 - - - - -
2/2.0 2 9.1 600 - $1,295 $1,300 $2.16 $2.17 - - - - -
Income Expense Data
$309,170
($9,358)
$311,928
Effective Gross Income
- Vacancy Allowance
+ Other Income
Gross Scheduled IncomeIncome
$6,600
$120,432
$62,333
$58,099
Total Expenses
- Operating Expenses
- TaxesEstimated Expenses
Cash Flow
$188,738
- Capital Expenditure
- Debt Service
Net Operating IncomeEstimated Net Income
Bldg Type: Apartments
22
895 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1962
15,340 SFBldg Size:
Typical Floor Size: 7,669 SF
Stories: 2
Parking: 14 free Covered Spaces are available; 8 free Surface Spaces are available; Ratio of 1.43/1,000 SF;1.00/Unit
Bldg Vacant: 0 SF
Owner Type: Developer/Owner-RGNL
Zoning: R3, L.A. County Rent/SF/Yr: -
Elevators: 0Land Area: 0.44 AC
Expenses: 2018 Tax @ $2411.93/Unit, 2017 Est Tax @ $2640.86/Unit; 2017 Ops @ $2833.32/Unit
Site Amenities: Heating, Kitchen, Laundry Facilities, Range
Metering: Individually Metered
ID: 4129915
Location Information
Los Angeles
Greater Inglewood MF/Westmont MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1212 W 107th St - 1212 W 107th St SOLD22 Unit, 15,340 SF Class C Apartments Building Built in 1962 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 13
1012 W 109th Pl
Los Angeles, CA 90044
Sale on 10/25/2017 for $1,520,000 ($420.35/SF; $126,667/Unit) - Research Complete
12 Unit, 3,616 SF Class C Apartments Building Built in 1954
SOLD
7
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$420.35
$1,520,000-Confirmed
10/25/2017 (162 days on market)
Bldg Type:
Land Area:
Year Built/Age:
RBA:
6.61%
Apartments
Built in 1954 Age: 63
3,616 SF
0.19 AC (8,102 SF)
Percent Leased: 91.7%
Transaction Details
Asking Price: $1,545,000
Price/AC Land Gross: $8,172,043.01
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$828,443 in 2017
$248,533
$579,910
Percent Improved: 30.0%
Land Assessed/AC: $3,117,795
InvestmentSale Type:
GRM/GIM: 10.31/-
ID: 4040258
-
Spacer
Escrow Length: 60 days
Parcel No: 6076-012-011
Document No: 1224822
Sale History: Sold for $1,520,000 ($420.35/SF; $126,667/Unit) on 10/25/2017Sold for $800,000 ($221.24/SF; $160,000/Unit) on 12/11/2014
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# Units:
Avg Unit Size: 668 SF
12
SF of all Units: 7,350
$126,667Price/Unit:
Spacer
Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
Studio/1.0 9 75.0 650 - - - - - - - - - -
1/1.0 2 16.7 750 - - - - - - - - - -
3/- 1 8.3 - - - - - - - - - - -
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Income Expense Data
$14,280
$14,280
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
12
668 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1954
3,616 SFBldg Size:
Typical Floor Size: 1,808 SF
Stories: 2
Parking: Ratio of 1.00/1,000 SF
Bldg Vacant: 0 SF
Owner Type: Developer/Owner-RGNL
Zoning: LCR320U*
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.19 AC
Expenses: 2018 Tax @ $1873.04/Unit
ID: 9475420
Location Information
Los Angeles
Greater Inglewood MF/Westmont MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1012 W 109th Pl SOLD12 Unit, 3,616 SF Class C Apartments Building Built in 1954 (con't)
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Page 15
1108 W 110th St
Los Angeles, CA 90044
Sale on 7/6/2018 for $3,300,000 ($237.72/SF; $165,000/Unit) - Research Complete
20 Unit, 13,882 SF Class C Apartments Building Built in 1964
SOLD
8
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$237.72
$3,300,000-Confirmed
07/06/2018
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
5.23%
Apartments
Built in 1964 Age: 54
13,882 SF
0.41 AC (17,860 SF)
1031 Exchange
Percent Leased: 95.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,048,780.49
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,401,396 in 2017
$577,267
$824,129
Percent Improved: 41.2%
Land Assessed/AC: $2,010,070
InvestmentSale Type:
Transfer Tax: $3,630
GRM/GIM: -/-
ID: 4430973
-
Spacer
Escrow Length: 60 days
Parcel No:
Financing:
6076-014-003
$3,300,000.00 from Western Alliance Bank
Document No: 0677390
Sale History: Sold for $3,300,000 ($237.72/SF; $165,000/Unit) on 7/6/2018Sold for $705,000 ($50.79/SF; $35,250/Unit) on 4/23/2002
Legal Desc: Lot 17 The Woodcrest Trt bk 9 pg 40
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# Units:
Avg Unit Size: 694 SF
20
Avg Rent/Unit/Mo: $863
$165,000Price/Unit:
Spacer Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 10 50.0 - - $750 $825 - - - - - - -
2/2.0 8 40.0 - - $900 $900 - - - - - - -
3/2.0 2 10.0 - - $1,100 $1,100 - - - - - - -
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Page 16
Income Expense Data
$25,266
$25,266
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
20
694 SF
# Units:
Avg Unit Size:
Avg Vacancy: 5.0%
Current Building Information
Bldg Status: Built in 1964
13,882 SFBldg Size:
Typical Floor Size: 6,941 SF
Stories: 2
Parking: 30 Covered Spaces are available; Ratio of 2.16/1,000 SF; 1.50/Unit
Bldg Vacant: 0 SF
Owner Type: Developer/Owner-RGNL
Zoning: R320U, Los Angeles
Rent/SF/Yr: For Sale Only
Elevators: 0
Land Area: 0.41 AC
Expenses: 2019 Combined Tax/Ops @ $5018.10/unit; 2018 Combined Est Tax/Ops @ $1500.00/Unit
Site Amenities: Air Conditioning, Gated, Heating, Recycling, Washer/Dryer
# of Bldgs: 1
Metering: Individually MeteredUnits per AC: 48
ID: 4395399
Location Information
Los Angeles
Greater Inglewood MF/Westmont MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-A6
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1108 W 110th St SOLD20 Unit, 13,882 SF Class C Apartments Building Built in 1964 (con't)
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Page 17
1114 W 117th St
Los Angeles, CA 90044
Sale on 3/16/2018 for $1,560,000 ($304.69/SF; $156,000/Unit) - Research Complete
10 Unit, 5,120 SF Class C Apartments Building Built in 1959
SOLD
9
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$304.69
$1,560,000-Confirmed
03/16/2018
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
5.20%
Apartments
Built in 1959 Age: 59
5,120 SF
0.19 AC (8,464 SF)
1031 Exchange
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,028,821.41
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,040,400 in 2017
$714,000
$326,400
Percent Improved: 68.6%
Land Assessed/AC: $1,679,876
InvestmentSale Type:
Transfer Tax: $1,716
GRM/GIM: -/-
ID: 4188689
-
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Escrow Length: 120 days
Parcel No:
Financing:
6079-018-030
Down payment of $594,000.00 (38.1%)$966,000.00 from Luther Burbank Savings
Document No: 0257488
Sale History: Sold for $1,560,000 ($304.69/SF; $156,000/Unit) on 3/16/2018Sold for $1,200,000 ($234.38/SF; $120,000/Unit) on 12/22/2015Sold for $767,500 ($149.90/SF; $76,750/Unit) on 5/29/2013
Legal Desc: W 1/2 Lt 29, Bk 9, Pg 170 of Maps.
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# Units:
Avg Unit Size: 561 SF
10
Avg Rent/Unit/Mo:
Avg Rent/SF/Mo:
$840
$1.50SF of all Units: 5,610
$156,000Price/Unit:
Spacer Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 10 100.0 561 - - - - - - - - - -
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Income Expense Data
$16,816
$16,816
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
10
561 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1959
5,120 SFBldg Size:
Typical Floor Size: 5,120 SF
Stories: 1
Parking: 5 free Covered Spaces are available; 5 free One-Car Garage Spaces are available; Ratio of 1.95/1,000SF; 1.00/Unit
Bldg Vacant: 0 SF
Owner Type: -
Zoning: LCR320U*
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.19 AC
Expenses: 2018 Tax @ $1681.62/Unit; 2013 Combined Est Tax/Ops @ $3885.00/Unit
ID: 9127810
Location Information
Los Angeles
Greater Inglewood MF/West Athens MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1114 W 117th St SOLD10 Unit, 5,120 SF Class C Apartments Building Built in 1959 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 19
1124 W 117th St
Los Angeles, CA 90044
Sale on 3/16/2018 for $1,560,000 ($300.00/SF; $156,000/Unit) - Research Complete
10 Unit, 5,200 SF Class C Apartments Building Built in 1958
SOLD
10
Sale Date:
Price/SF:
Sale Price:
$300.00
$1,560,000-Confirmed
03/16/2018
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1958 Age: 60
5,200 SF
0.20 AC (8,712 SF)
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $7,800,000.00
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$890,576 in 2017
$517,777
$372,799
Percent Improved: 58.1%
Land Assessed/AC: $1,863,995
InvestmentSale Type:
Transfer Tax: $1,716
GRM/GIM: -/-
ID: 4188667
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6079-018-002
Down payment of $525,000.00 (33.7%)$1,035,000.00 from Luther Burbank Savings
Document No: 0257594
Sale History: Sold for $1,560,000 ($300.00/SF; $156,000/Unit) on 3/16/2018Sold for $860,000 ($165.38/SF; $86,000/Unit) on 1/16/2015Sold for $0 ($0/Unit) on 2/20/2007 Non-Arms LengthSold for $874,000 ($168.08/SF; $87,400/Unit) on 12/12/2006
Legal Desc: AMENDED MAP OF ATHEN HEIGHTS 1/2 VAC ALLEY ADJ ON S AND W 50 FT OF LOT 13 1/2
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# Units:
Avg Unit Size: 520 SF
10
SF of all Units: 5,200
$156,000Price/Unit:
Spacer
Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 10 100.0 520 - - - - - - - - - -
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Income Expense Data
$15,036
$15,036
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
10
520 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1958
5,200 SFBldg Size:
Typical Floor Size: 2,600 SF
Stories: 2
Parking: 10 Surface Spaces are available; Ratio of 1.92/1,000 SF; 1.00/Unit
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: R3, Los Angeles County Rent/SF/Yr: -
Elevators: 0Land Area: 0.20 AC
Expenses: 2018 Tax @ $1503.62/Unit
Site Amenities: Fenced Lot, Laundry Facilities
Metering: Master Metered
ID: 1573899
Location Information
Los Angeles
Greater Inglewood MF/West Athens MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-A7
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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1124 W 117th St SOLD10 Unit, 5,200 SF Class C Apartments Building Built in 1958 (con't)
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Page 21
800-806 1/2 S. Hoover St.
Los Angeles, CA 90044
Sale on 8/23/2018 for $4,700,000 ($659.37/SF; $391,667/Unit) - Research Complete
12 Unit, 7,128 SF - Sold for Land Value, Class C Apartments Building Built in 1928
SOLD
11
Sale Date:
Price/SF:
Sale Price:
$659.37
$4,700,000-Confirmed
08/23/2018
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
Apartments
Built in 1928 Age: 90
7,128 SF
0.29 AC (12,676 SF)
Redevelopment Project
Percent Leased: 100.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $16,151,202.75
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$2,962,552 in 2017
$286,119
$2,676,433
Percent Improved: 9.7%
Land Assessed/AC: $9,197,364
InvestmentSale Type:
GRM/GIM: -/-
ID: 4511737
-
Spacer
Escrow Length: -
Parcel No:
Financing:
6032-014-012, 6032-014-013, 6032-014-011, 6032-014-015
$4,230,000.00 from Seller$833,000.00 from Seller
Document No: 0853396
Sale History: Sold for $4,700,000 ($659.37/SF; $391,667/Unit) on 8/23/2018Portfolio sale of 2 properties sold for $1,200,000 on 4/30/2018Sold for $270,000 ($37.88/SF; $22,500/Unit) on 5/14/1996
Legal Desc: Lots 106 to 109, 133, 114 Sunny Side Park City of Los Angeles Bk 6 pg 8
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# Units:
Avg Unit Size: 594 SF
12 $391,667Price/Unit:
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Bldg Type: Apartments
12
594 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1928
7,128 SFBldg Size:
Typical Floor Size: 7,128 SF
Stories: 1
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: C2-1, Los Angeles
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.29 AC
Expenses: 2016 Tax @ $1471.57/Unit
# of Bldgs: 6
Units per AC: 41
ID: 4027691
Location Information
Los Angeles
Greater Inglewood MF/South Central LA MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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800-806 1/2 S. Hoover St. SOLD12 Unit, 7,128 SF - Sold for Land Value, Class C Apartments Building Built in 1928 (con't)
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Page 23
9124 S Broadway
Los Angeles, CA 90003
Sale on 11/29/2018 for $1,275,000 ($247.86/SF; $159,375/Unit) - Research Complete
8 Unit, 5,144 SF Class C Apartments Building Built in 1941
SOLD
12
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$247.86
$1,275,000-Confirmed
11/29/2018 (63 days on market)
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
5.20%
Apartments
Built in 1941 Age: 77
5,144 SF
0.19 AC (8,137 SF)
1031 Exchange
Percent Leased: -
Transaction Details
Asking Price: $1,275,000
Price/AC Land Gross: $6,825,481.80
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$879,201 in 2018
$595,590
$283,611
Percent Improved: 67.7%
Land Assessed/AC: $1,518,260
InvestmentSale Type:
Transfer Tax: $1,402.50
GRM/GIM: 10.94/-
ID: 4597787
-
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Escrow Length: -
Parcel No:
Financing:
6040-036-014
Down payment of $425,000.00 (33.3%)$850,000.00 from City National Bank
Document No: 1201046
Sale History: Sold for $1,275,000 ($247.86/SF; $159,375/Unit) on 11/29/2018Sold for $0 ($0/Unit) on 11/18/2009 Non-Arms LengthSold for $775,000 ($150.66/SF; $96,875/Unit) on 8/4/2009
Legal Desc: Lot 37 & 38 Westland trct bk 13 pg 61
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# Units:
Avg Unit Size: 643 SF
8 $159,375Price/Unit:
Spacer
Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 4 50.0 - - - - - - - - - - -
2/1.0 4 50.0 - - - - - - - - - - -
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Income Expense Data
$11,347
$11,347
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
8
643 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1941
5,144 SFBldg Size:
Typical Floor Size: 2,572 SF
Stories: 2
Parking: 10 Surface Spaces are available; Ratio of 1.94/1,000 SF; 1.25/Unit
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: LAC2 Rent/SF/Yr: -
Elevators: 0Land Area: 0.19 AC
Expenses: 2018 Tax @ $1418.31/Unit
Metering: Individually Metered
ID: 7171687
Location Information
Los Angeles
Greater Inglewood MF/Canndu/Avalon Gardens MF
Metro Market:
Submarket:
County: Los Angeles
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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9124 S Broadway SOLD8 Unit, 5,144 SF Class C Apartments Building Built in 1941 (con't)
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Page 25
11718-11720 S Budlong Ave
Los Angeles, CA 90044
Sale on 3/16/2018 for $2,496,000 ($307.09/SF; $156,000/Unit) - Research Complete
16 Unit, 8,128 SF Class C Apartments Building Built in 1955
SOLD
13
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$307.09
$2,496,000-Confirmed
03/16/2018
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
6.00%
Apartments
Built in 1955 Age: 63
8,128 SF
0.29 AC (12,706 SF)
1031 Exchange
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,556,736.37
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,734,000 in 2017
$1,122,000
$612,000
Percent Improved: 64.7%
Land Assessed/AC: $2,098,045
InvestmentSale Type:
Transfer Tax: $2,745.60
GRM/GIM: 13.00/-
ID: 4188674
-
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Escrow Length: -
Parcel No:
Financing:
6079-018-042
Down payment of $846,000.00 (33.9%)$1,650,000.00 from Luther Burbank Savings
Document No: 0257815
Sale History: Sold for $2,496,000 ($307.09/SF; $156,000/Unit) on 3/16/2018Sold for $1,700,000 ($209.15/SF; $106,250/Unit) on 11/24/2015Sold for $1,350,000 ($166.09/SF; $84,375/Unit) on 4/10/2013Sold for $1,450,000 ($178.40/SF; $90,625/Unit) on 4/21/2006
Legal Desc: Lot 14 Athens Heights Trt bk 9 pg 170
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# Units:
Avg Unit Size: 600 SF
16
Avg Rent/Unit/Mo:
Avg Rent/SF/Mo:
$1,000
$1.67SF of all Units: 9,600
$156,000Price/Unit:
Spacer Spacer
Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
1/1.0 16 100.0 600 - $1,000 $1,000 $1.67 $1.67 - - - - -
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Income Expense Data
$27,415
$27,415
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
16
600 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1955
8,128 SFBldg Size:
Typical Floor Size: 4,064 SF
Stories: 2
Parking: 16 Surface Spaces are available; Ratio of 1.96/1,000 SF; 1.00/Unit
Bldg Vacant: 0 SF
Owner Type: Individual
Zoning: R320U, County
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.29 AC
Expenses: 2018 Tax @ $1713.45/Unit; 2018 Combined Est Tax/Ops @ $2640.00/Unit
# of Bldgs: 1
ID: 4751953
Location Information
Los Angeles
Greater Inglewood MF/West Athens MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-A7
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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11718-11720 S Budlong Ave SOLD16 Unit, 8,128 SF Class C Apartments Building Built in 1955 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
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10520 S Figueroa St
Los Angeles, CA 90003
Sale on 12/29/2017 for $2,935,000 ($228.40/SF; $139,762/Unit) - Research Complete
21 Unit, 12,850 SF Class C Apartments Building Built in 1964
SOLD
14
Sale Date:
Price/SF:
Sale Price:
$228.40
$2,935,000-Confirmed
12/29/2017
Bldg Type:
Land Area:
Year Built/Age:
RBA:
Apartments
Built in 1964 Age: 53
12,850 SF
0.35 AC (15,094 SF)
Percent Leased: -
Transaction Details
Asking Price: -
Price/AC Land Gross: $8,470,418.47
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,485,453 in 2017
$318,311
$1,167,142
Percent Improved: 21.4%
Land Assessed/AC: $3,368,375
InvestmentSale Type:
Transfer Tax: $3,228.50
GRM/GIM: -/-
ID: 4111961
-
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Escrow Length: -
Parcel No:
Financing:
6061-031-027, 6061-031-029
Down payment of $2,935,000.00 (100.0%)
Document No: 1519672
Sale History: Sold for $2,935,000 ($228.40/SF; $139,762/Unit) on 12/29/2017Sold on 1/17/2013 Non-Arms LengthSold for $1,600,000 ($124.51/SF; $76,190/Unit) on 6/22/2006Sold for $685,000 ($53.31/SF; $32,619/Unit) on 6/3/2002
No. of Tenants: 1
Legal Desc: lot 637,638 trt 3064 bk 36 pgs 1,2
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Tenants at time of sale: 10520 Figueroa
# Units:
Avg Unit Size: 611 SF
21
SF of all Units: 12,850
$139,762Price/Unit:
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Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
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Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %
UNIT MIX AT TIME OF SALE
Units Asking Rent Effective Rent Concessions
Studio/1.0 12 57.1 500 - - - - - - - - - -
1/1.0 5 23.8 650 - - - - - - - - - -
2/1.0 4 19.0 900 - - - - - - - - - -
Income Expense Data
$19,610
$19,610
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Apartments
21
611 SF
# Units:
Avg Unit Size:
Current Building Information
Bldg Status: Built in 1964
12,850 SFBldg Size:
Typical Floor Size: 5,119 SF
Stories: 2
Parking: Ratio of 1.90/1,000 SF
Bldg Vacant: 0 SF
Owner Type: Developer/Owner-RGNL
Zoning: RD1.5, Los Angeles
Rent/SF/Yr: -
Elevators: 0
Land Area: 0.35 AC
Expenses: 2018 Tax @ $1767.53/Unit; 2011 Ops @ $8000.00/Unit
Site Amenities: Disposal, Heating, Pool
# of Bldgs: 1
Units per AC: 82
ID: 4773167
Location Information
Los Angeles
Greater Inglewood MF/South Central LA MF
Metro Market:
Submarket:
County: Los Angeles
Map(Page): Thomas Bros. Guide 704-B5
CBSA: Los Angeles-Long Beach-Glendale, CA
DMA: Los Angeles, CA-NV
CSA: Los Angeles-Long Beach, CA
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10520 S Figueroa St SOLD21 Unit, 12,850 SF Class C Apartments Building Built in 1964 (con't)
Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019
Page 29