For more information contact:

11937 AVON WAY11937 Avon WayLos Angeles, CA 90066

Price: $5,000,000

Ryan MoreheadBroker310­916­4290ryan@b2re.comBRE# 01374532

4587 Centinela Ave | Los Angeles, California 90066 | Phone: 310-916-4290 | Fax: 310-301-2504 | www.b2rw.com

PROPERTY HIGHLIGHTS

Two Story 18 Unit Apartment Building in Prime Mar Vista Area●

Earthquake Retrofit Completed●

All One Bedroom, One Bath Units●

22 Off Street Gated Parking Spaces●

Onsite Laundry (No Lease, Machines included in sale)●

Low Maintenance Property●

Two Units Expected to Vacate In December●

Master Metered for all Utilities●

10 Unit Property Across the Street (11924 Avon Way) also Available●

Ryan MoreheadBroker

310­916­4290

ryan@b2re.com

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.

TABLE OF CONTENTSProperty Summary 3

Executive Summary 4

Unit Rent Roll 5

Property Photos 6

Pro Forma Summary 10

Unit Mix Report 11

Business Map 12

PROPERTY SUMMARY11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

Ryan MoreheadBroker310­916­4290ryan@b2re.com

Property SummaryAvailable SF 0

Building Size 10154

Lease Rate

Lot Size 14,879 Sq. Ft.

Property Type MultiFamily

Purchase Price $5,000,000

Rentable Sq. Ft. 10,152

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The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.

EXECUTIVE SUMMARY11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.

ACQUISITION COSTS

Purchase Price, Points and Closing Costs $5,000,000

Investment ­ Cash $0

INVESTMENT INFORMATION

Purchase Price $5,000,000

Price per Unit $277,778

Price per Sq. Ft. $492.51

Income per Unit $18,644

Expenses per Unit ($6,711)

INCOME, EXPENSES & CASH FLOW

GROSS SCHEDULED INCOME $335,592

  Total Vacancy and Credits $0

  Operating Expenses ($120,793)

NET OPERATING INCOME $214,799

  Debt Service $0

CASH FLOW BEFORE TAXES $214,799

FINANCIAL INDICATORS

Debt Coverage Ratio N/A

Capitalization Rate 4.30%

Gross Rent Multiplier 14.90

Gross Income / Square Feet $33.06

Gross Expenses / Square Feet ($11.90)

Operating Expense Ratio 35.99%

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UNIT RENT ROLL11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.

Unit Description Approx. Sq. Ft. Current Rent Pro Forma Rent Comments

1 1+1 564 $1,795 $1,795expected to vacate on 12/01,used pro forma rent

2 1+1 564 $1,695 $1,795

3 1+1 564 $1,549 $1,795

4 1+1 564 $1,296 $1,795

5 1+1 564 $1,650 $1,795

6 1+1 564 $1,795 $1,795expected to vacate on 12/22,used pro forma rent

7 1+1 564 $1,595 $1,795

8 1+1 564 $1,367 $1,795

9 1+1 564 $1,795 $1,795manager unit,used pro formarent

10 1+1 564 $1,650 $1,795

11 1+1 564 $1,296 $1,795

12 1+1 564 $1,650 $1,795

13 1+1 564 $1,595 $1,795

14 1+1 564 $1,367 $1,795

15 1+1 564 $1,575 $1,795

16 1+1 564 $1,595 $1,795

17 1+1 564 $1,270 $1,795

18 1+1 564 $1,335 $1,795

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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

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PROPERTY PHOTOS11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

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PRO FORMA SUMMARY11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

INCOME 

Description Actual Per Unit Market Per Unit

Gross Potential Rent $334,416 $18,579 $387,720 $21,540

 ­ Less: Vacancy $0 $0 $0 $0

+ Misc. Income $1,176 $65 $1,176 $65

Effective Gross Income $335,592 $18,644 $388,896 $21,605

OPERATING EXPENSES 

Description Actual Per Unit Market Per Unit

Building Insurance $5,425 $301 $5,525 $307

Grounds Maintenance $2,500 $139 $2,800 $156

Payroll $500 $28 $500 $28

Repairs $22,351 $1,242 $22,351 $1,242

Taxes ­ Real Estate $62,500 $3,472 $62,500 $3,472

Trash Removal $5,725 $318 $5,725 $318

Utility ­ Electricity $10,928 $607 $10,928 $607

Utility ­ Gas $4,555 $253 $4,555 $253

Utility ­ Water $6,309 $351 $6,309 $351

TOTAL EXPENSES ($120,793) ($6,711) ($121,193) ($6,733)

NET OPERATING INCOME $214,799 $11,933 $267,703 $14,872

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The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.

UNIT MIX REPORT11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. Brokers make no warranty, express or implied, regarding the numbers contained herein. Buyers should do their own due diligence and consult with their own legal, accounting, tax or other professionals before making any investment decisions or acquisitions.

Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly

18 1+1 564 $1,548 $27,868 $1,795 $32,310

18 10,152 $27,868 $32,310

UNIT MIX  UNIT MIX SQUARE FEET 

● 1+1 ● 1+1

UNIT MIX INCOME  UNIT MIX MARKET INCOME 

● 1+1 ● 1+1

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BUSINESS MAP11937 Avon Way11937 Avon Way | Los Angeles, CA 90066

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