1326-1328 5TH AVE

Los Angeles, CA 90019JAMES CAPITAL ADVISORS

MARKETING PACKAGE

TABLE OF

Contents

CONTENTS

MEET YOUR ADVISORS

SECTION

Property Overview

Financial Analysis

Location Overview

01

02

03

1326-1328 5TH AVE, LOS ANGELES, CA 90019

tom jonssonDirector(424) 325-2621

MIke HANASSABSenior Director(424) 325-2642

ELLIOT HASSANSenior Director(424) 325-2643

JOHN KATNIKSenior Associate(424) 325-2644

SECTION ONE

PROPERTY OVERVIEW1326-1328 5TH AVE

Los Angeles, CA 90019

PROPERTY OVERVIEW

DETAILS

Street Address

City

State

Zip Code

APN

Rentable Square Feet

Lot Size

Year Built

1326-1328 5th Ave

Los Angeles

CA

90019

5072-025-009

3,806 SF

6,721 SF

1950

Number of Units

Number of Buildings

Number of Stories

Water

Electric

Gas

Construction

Roof

6

2

2

Master-Metered

Individually Metered

Individually Metered

Wood-Frame Siding

Pitched

Parking

Zoning

Unit Mix

6 Surface Spaces

RD2

(5) 1 Bed / 1 Bath(1) 2 Bed / 1 Bath

Immediate Upside in RentsProperty will be delivered with one vacancy allowing the investor to capture immediate upside in market rents.

On-Site ParkingSecure gated entry with open parking spaces in the front and rear of the property.

Unit MixThis property consists of two separate structures. The first structure consists of four (4) 1 bed / 1 bath units and the second structure consists of one (1) 2 bed / 1 bath and one (1) 1 bed / 1 bath units.

Subject ZoningProperty sits within the TOC Tier 3 bonus allowing potential development opportunity for an investor.

Subject Property

SECTION TWO

FINANCIAL ANALYSIS1326-1328 5TH AVE

Los Angeles, CA 90019

This information has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless James Capital Advisors, Inc. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

FINANCIAL ANALYSIS

PRICING ANALYSIS

Price

Price per Unit

Price per Square Foot

CAP Rate

GRM

Gross Income

Expenses

NOI

FINANCIAL ANALYSIS

INCOME AND EXPENSE

$1,300,000$1,300,000

$216,667

$341.57

CURRENT

3.25%

15.86

$79,490

$37,287

$42,203

PRO FORMA

6.05%

10.73

$117,564

$38,857

$78,707

ANNUAL

INCOME

Base Rental Income

Gross Potential Income

Vacancy Allowance

Effective Gross Income

Operating Expenses

Net Operating Income

CURRENT

$81,948

$81,948

$2,458

$79,490

$37,287

$42,203

PRO FO RMA

$121,200

$121,200

$3,636

$117,564

$38,857

$78,707

ANNUAL

EXPENSE

Property Taxes

Insurance

Electric / Water

Gas

Repairs & Maintenance

Trash

Management Fee

Pest Control

Landscaping

Reserves

Operating Expenses

CURRENT

$15,210

$1,424

$6,744

$579

$3,600

$2,652

$3,278

$500

$1,800

$1,500

$37,287

PRO FORMA

$15,210

$1,424

$6,744

$579

$3,600

$2,652

$4,848

$500

$1,800

$1,500

$38,857

Subject Property

FINANCIAL ANALYSIS

RENT SCHEDULE

UNIT #

1326

1326.5*

1328

1328.25

1328.5

1328.75

TOTAL

*Will Be Delivered Vacant

UNIT TYPE

2 Bed / 1 Bath

1 Bed / 1 Bath

1 Bed / 1 Bath

1 Bed / 1 Bath

1 Bed / 1 Bath

1 Bed / 1 Bath

SQ. FOOTAGE

900 SF

900 SF

500 SF

500 SF

500 SF

500 SF

3,800 SF

RENT

$1,421

$1,700

$823

$978

$972

$935

$6,829

RENT PER SF

$2.22

$1.89

$1.65

$1.96

$1.94

$1.87

PRO FORMA

RENT

$2,000

$1,700

$1,600

$1,600

$1,600

$1,600

$10,100

PRO FORMA

RENT PER SF

$2.22

$1.89

$2.52

$2.52

$2.52

$2.52

SECTION THREE

LOCATION OVERVIEW1326-1328 5TH AVE

Los Angeles, CA 90019

LOCATION OVERVIEW

SUBMARKETLOCATION OVERVIEW

DEVELOPMENTS

Mid-CityMid-City is a highly diverse and dense urban neighborhood located in central Los Angeles, California. The area boasts a slew of historic single family homes and a multitude of multifamily apartment properties. Dive a little deeper into the area and you will find yourself immersed in a vast spectrum of beautifully built apartment properties constructed during the mid-century.

According to Los Angeles Times, the borders of Mid-City are north of the 10 freeway and south of Pico Boulevard with the east/west borders defined as Robertson Boulevard to the west and Crenshaw Boulevard to the east. Despite its location just a few miles west of Downtown, Mid-City maintains a suburban feel where home prices range between half a million dollars to well over $1 million, most of which are being purchased by Westside transplants being priced out of traditional coastal areas such as Venice, Marina del Rey, and even Mar Vista and Culver City. The come-one-come-all attitude of this area is clearly manifested in the emerging gentrification with regard to its retail shops and corner stores.

1. The Kentish TownLocated at 5050 W. Pico Boulevard, the development will consist of a six-story building featuring 79 apartments, 2,121 square feet of ground-floor retail space, and a semi-subterranean parking structure with 67 vehicle spaces.

2. Saturn & Hi PointPlans for new 45 units have already been approved by the city. But the developers are planning to use the city’s TOC guidelines to seek new entitlements for 58 units on the parcel, which is two blocks from Pico and Fairfax.

3. Amani ApartmentsThe project calls for replacing a vacant lot at Pico and Crenshaw Boulevards with a five-story building featuring 54 residential units. Plans call for a mix of low- and very low-income units.

4. Washington Arts CollectiveThe project would replace two city-owned parking lots at 4600 and 4601 W. Washington Boulevard with two four-story buildings containing 56 apartments - including 20 units for formerly homeless families and individuals and 35 units for low-income families.

LOCATION OVERVIEW

AERIALLOCATION OVERVIEW

AERIAL

LOCATION OVERVIEW

DEMOGRAPHICS

Population

2024 Projection

2019 Estimate

2010 Census

Growth ‘19 - ‘24

Growth ‘10 - ‘19

Households

2024 Projection

2019 Estimate

2010 Census

Growth ‘19 - ‘24

Growth ‘10 - ‘19

Average Income

Median Income

3-Mile

591,615

583,256

557,111

1.43%

4.69%

3-Mile

212,849

210,049

201,848

1.33%

4.06%

$63,555

$40,597

1-Mile

58,482

57,917

56,759

0.98%

2.04%

1-Mile

19,243

19,128

19,113

0.60%

0.08%

$64,641

$42,567

5-Mile

1,380,118

1,354,881

1,262,867

1.86%

7.29%

5-Mile

529,434

519,555

483,501

1.90%

7.46%

$73,028

$46,060

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guar-antees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto. The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or com-parable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITYThis Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASEThis Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENTBroker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

JAMES CAPITAL ADVISORS, INC.

DISCLAIMERFOR INQUIRIES

PLEASE CONTACT

tom jonssonDirector

(424) 325-2621tom@jamescapitaladvisors.comCA RE Lic. 01755842

JOHN KATNIKSenior Associate

(424) 325-2644john.katnik@jamescapitaladvisors.comCA RE Lic. 02002695

mike hanassabSenior Director

(424) 325-2642mike.hanassab@jamescapitaladvisors.comCA RE Lic. 01484891

elliot hassanSenior Director

(424) 325-2643elliot.hassan@jamescapitaladvisors.comCA RE Lic. 01481211