11690 ramona blvd, el monte, ca 91732 · 11690 ramona blvd, el monte, ca 91732. property summary...
TRANSCRIPT
PROPERTY DESCRIPTION 3
INVESTMENT HIGHLIGHTS 4
FINANCIAL INFORMATION 5-6
LOCATION DESCRIPTION 7
MAPS 8-10
PROPERTY PHOTOS 11-12
DISCLOSURE & DISCLAIMER 13
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11690 Ramona Blvd,El Monte, CA 91732
PROPERTY SUMMARY
PROPERTY DESCRIPTION
Type
Unit Mix
Units
Building Size
Lot Size
Stories
Build Year
APN
Zoning
Apartments
1BD/1 BA and 2 BD/2BA
47
33,151 SF
1.12 AC
2
1964
8567-010-027
EMC2-P
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Carolton Apartment is a 47-unit garden style apartment complex
apartment located at 11690 Ramona Blvd., El Monte, CA 91732. The
property consist of 1 two-story buildings on a 1.12-acre site. The
subject features mailroom and laundry room. Site improvements
include asphalt driveways, attached parking lot, building-mounted
lighting, trash receptacles and soft landscaping. The subject building
are wood frame and printed pressboard siding with concrete
foundations. These units have microwave ovens, dishwashers,
garbage disposals and fan & hood.
Carolton Apartment is located in the unincorporated community inEl Monte California. Nearby schools include Rio Hondo ElementarySchool, Wright Elementary School and El Monte High School.
The subject property is situated nearby major streets. Close to
shopping centers, restaurants, and business districts.
Zoning is EMC2-P*, Multiple Family, and the Subject’s improvementare legally conforming.
INVESTMENT HIGHLIGHTS
◆ All Two Bedroom / One Bathroom Units
◆ Easy exit from the Freeway #10 and #605 in the best location
◆ Situated on a 1.12 Acre Lot with Outdoor Swimming Pool.
◆ Subject’s improvement are legally conforming.
◆ Close to shopping centers, restaurants, and business districts.
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FINANCIAL INFORMATION
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Price 11,750,000$
Down Payment 50% 5,875,000$
Price Per Unit 250,000$
Price Per SF 354$
Cap Rate 3.42%
GRM 16.13
Pro Forma Cap Rate 4.36%
Pro Forma GRM 13.97
Rentable SF 33,151
Lot Size (Arce) 1.12
Number of Units 47
Year Built 1964
Parcel Number 8567-010-027
Loan Amount 5,875,000$
Interest Rate 4.50%
LTV 50%
Annual Debt Service 357,213$
Debt Coverage Ratio 1.13
Net Cash Flow After Debt Service 0.77% 45,112$
Principal Reduction 94,239$ Pro Forma Net Cash Flow After Debt Service 2.63% 154,528$
Loan Type New Loan with 5-Year Fixed
30-Year Term
30-Year Amortization
Investment Overview
Property Information
Proposed Financing
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FINANCIAL INFORMATION
Units Unit Mix Avg. Current Monthly Rent Avg. Pro Forma Monthly Rent
30 2 Bedroom 2 Bath 1,400$ 42,000$ 1,600$ 48,000$
17 1 Bedroom 1 Bath 1,100$ 18,700$ 1,300$ 22,100$
Total 60,700$ 70,100$
Current Pro Forma
Annual Gross Scheduled Rent 728,400$ 841,200$
Less: Vacancy (%) 3% 21,852$ 25,236$
Other Income 12,000$ 12,000$
Effective Gross Income 718,548$ 827,964$
Operating Expenses
Property Tax 176,596$ 176,596$
Insurance 0.29$ Per SF 9,522$ 9,522$
Utilities 2,800$ Per Month 40,889$ 40,889$
Contract Service 480$ Per Unit 22,569$ 22,569$
Repair & Maintenance 800$ Per Unit 37,600$ 37,600$
License & Permit 74$ Per Unit 3,488$ 3,488$
Management Fee 4% 2,130$ Per Month 25,559$ 25,559$
Current Pro Forma
Total Operating Expenses 44.01% of EGI 316,223$ 316,223$
Expense Per Unit 6,728$ 6,728$ Expense Per SF 9.54$ 9.54$
New Loan with 5-Year Fixed
Net Operating Income 402,325$ 511,741$
*Tax Rate at 1.412776%*Price Plus Special Asset 10,594.6
Rent Roll Summary
Income
Expense
LOCATION DESCRIPTION
• Carlton Apartments is strategically located with easy access to the 10
(San Bernardino), and 605 freeways.
• The subject is on the main street of the city of El Monte. And nearby the
downtown of El Monte.
• Nearby schools include Vista Del Rio Junior/senior High School, Baker
Elementary School and New Life Christian School.
• The closest grocery stores are Northgate Market, Carlton's Market and
Daisy's Market.
• Nearby coffee shops include Mana Tea House, Optic Cafe and Starbucks.
• Nearby restaurants include Jack In the Box, Chinese Deli and Piara Pizza.
• The subject is near Zamora Park and Arceo Park.
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LOCATION MAP
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AERICAL MAP
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PARCEL MAP
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PROPERTY PICTURE
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PROPERTY PICTURE
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DISCLOSURE | DISCLAIMER
This Offering Memorandum has been prepared by Broker for use by the principal (“Principal”) to
whom Broker has provided this Offering Memorandum. The use of this Offering Memorandum and
the information provided herein is subject to the terms, provisions and limitations of the
Confidentiality Agreement furnished by Broker and executed by Principal prior to delivery of this
Offering Memorandum. Although the information contained herein is based upon sources believed
to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective
officers, employees, shareholders, partners, directors, members and affiliates, disclaim any
responsibility or liability for inaccuracies, representations and warranties (expressed or implied)
contained in, or omitted from, the Offering Memorandum or any other written or oral
communication or information transmitted or made available to the recipient of this Offering
Memorandum. In amplification of and without limiting the foregoing, summaries contained herein of
any legal or other documents are not intended to be comprehensive statements of the terms of
such documents but rather only outlines of some of the principal provisions contained therein, and
no representations or warranties are made as to the completeness and/or accuracy of the
projections contained herein. Prospective purchasers of the Property should make their own
investigations and conclusions without reliance upon this Offering Memorandum, the information
contained herein or any other written or oral communication or information transmitted or made
available. Additional information and an opportunity to inspect the Property will be made available
upon written request by interested and qualified prospective purchasers.
Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw
the Property from being marketed for sale at any time and for any reason. Owner and Broker each
expressly reserves the right, exercisable in their sole and absolute discretion, to reject any and all
expressions of interest or offers regarding the Property and/or to terminate discussions with any
entity at any time with or without notice. Broker is not authorized to make any representations or
agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any
entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and
until a written agreement for the purchase and sale of the Property has been fully executed,
delivered and approved by Owner and the other party thereto and any conditions to Owner’s
obligations hereunder have been satisfied or waived. If you have no interest in the Property at this
time, return this Offering Memorandum immediately to:
MacroReal Commercial Inc– Olivia Zhao
55 E Huntington Drive, Suite 300 Arcadia, CA 91006
Tel: +1 626 625 3534
olivia. Peaceful @gmail.com
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