3792 ashwood ave los angeles ca 90066...as well as one (1) 1+1 unit, all of which have hardwood...

7 UNITS IN MAR VISTA SHORT BIKE RIDE TO VENICE BEACH

3792 ASHWOOD AVELOS ANGELESCA 90066

OFFERING MEMORANDUMKenny Stevens BRE# 01090251310.968.7005 [email protected]

Our mission

LOCATION OVERVIEWMarket OverviewLocation Overview Map

PROPERTY SUMMARYProperty Highlights Property Details Property Location Aerial Photo Parcel Orientation Photography

FINANCIALSFinancial Overview Rent Roll

COMPARABLESSales Comps Rent Comps – Unfurnished Long-Term RentalsRent Comps – Furnished Short-Term Rentals

MARKETING PACKAGEOVERVIEW

PRESENTED BY

Kenny Stevens

BRE# 01090251

310.968.7005 cell

[email protected]

3792 ASHWOOD AVELOS ANGELES, CA 90066

449 South Beverly Drive, First Floor, Beverly Hills, CA 90212BRE# 01931128

ABOUT US

Our world has changed and so has the business of real estate. It’s not enough to work with a typical real estatecompany. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfoliotogether under one roof, combining corporate capabilities with a family feel.

Concord is the evolution of real estate. We’re changing the game and moving above and beyond whatyou’ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so youdon’t have to. From acquisition to management to construction to the disposition, Concord is elevating yourexperience every step of the way.


This information has been secured from sources we believe to be reliable, but we make norepresentations or warranties, expressed or implied, as to the accuracy of the information.

Buyer must verify the information and bears all risk for any inaccuracies.BRE# 01931128

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.

WE PARTNER WITH YOU EVERY STEP OF THE WAY TO ELEVATE YOUR REAL ESTATE EXPERIENCE

a different kind of real estate partner.

OUR MISSION


This information has been secured from sources we believe to be reliable, but we make norepresentations or warranties, expressed or implied, as to the accuracy of the information.

Buyer must verify the information and bears all risk for any inaccuracies.BRE# 01931128

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.

LOCATION3792 ASHWOOD AVELOS ANGELESCA 90066

Kenny Stevens BRE# 01090251310.968.7005 [email protected]

LOCATIONLOCATION OVERVIEW

MAR VISTA - LOS ANGELES, CA 900663792 Ashwood Ave, is located in the booming, culturally rich neighborhood of Mar Vista — Close to the MarVista Sunday Farmer's Market, Venice Beach, Marina Del Rey, Silicon Beach, Santa Monica, and Culver City.Located only a short bike ride from trendy Abbot Kinney Blvd where some of the best shopping andrestaurants in LA are located. Easy commute to LAX, Downtown LA and Beverly Hills and all that West LA hasto offer!

Over the course of just a couple of years, Mar Vista has been among the most significant emergingsubmarkets in Los Angeles. Its central location on the Westside along with its proximity to Venice and SiliconBeach has made this area irresistible to residents. With Venice and Playa Vista filling up fast and Santa Monicavirtually out of space, developers and brokers are eying Mar Vista as the next prevalent neighborhood.

Venice has become one of the most expensive neighborhoods in Los Angeles. According to the real estatewebsite Zillow, it is the seventh most expensive neighborhood in which to buy a house, its median home value— $1,578,200 — coming in just behind the Hollywood Hills and just ahead of Beverlywood. According toApartmentList.com, the average rental price of a two-bedroom apartment in Venice is $4,900 a month — wellahead of Westwood, Santa Monica, Brentwood, even Bel-Air and the Hollywood Hills. When you rankneighborhoods in the city of L.A. by price per square foot of real estate, Venice becomes even loftier:According to data provided to L.A. Weekly by Zillow, Venice is tied with Bel-Air for No. 2. Only the PacificPalisades is more expensive per square foot. As for median rental price per square foot, Venice is the mostexpensive place in L.A.

Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 techstartup companies. Major technology companies have opened Offices in the region including Google,Yahoo!, YouTube, BuzzFeed, Facebook, AOL, Electronic Arts, EdgeCast Networks, and MySpace. The region isconsidered the second- or third-largest tech hub in the world, according to various reports. This has had majorimpacts on the type and availability of office space and on home prices in Mar Vista, Playa Vista, Playa DelRey, Westchester, Santa Monica, and Venice, as these areas have become more desirable due to thisinflux.


LOCATIONLOCATION OVERVIEW

Penmar Golf Course and Recreation Center

Hatchet Hall

Sweet Lucie’s Ice Cream Shop

Venice Canals

Rose AvenueWhole FoodsCerveteca

Café GratitudeRose Café

The Yoga CollectiveMoon Juice

Groundwork Coffee

Abbot Kinney BlvdSalt Air Gjelina

Salt & StrawIntelligentsia Coffee

SatineAust

The Butcher’s DaughterAviator Nation

Erewhon Market

Marina Del Rey

Gold’s GymVenice High School

Superba Food + Bread

Oakwood Recreation

Center

Costco

Marina Del Rey Hospital

AMC Dine-In Marina 6Yard HouseUlta Beauty

Barnes and Noble

Mitsuwa Market Place

Alana’s Coffee Roasters

3792 ASHWOOD AVE



PROPERTY SUMMARY3792 ASHWOOD AVE LOS ANGELESCA 90066


PROPERTY SUMMARYPROPERTY HIGHLIGHTS

7 UNITS IN MAR VISTA• Excellent location on the Venice-Mar Vista border• Easy bike ride to the beach, Abbot Kinney Blvd, Santa Monica• 7 open parking spaces• 2 units have been beautifully renovated• New front fence and landscaping• Rents can be increased by 5% per year


PROPERTY SUMMARYPROPERTY DETAILS

PROPERTY DESCRIPTION

Units (1)1+1, (6) Singles Major Intersection Venice Blvd and Ashwood AveMarket Mar VistaAPN 4245-021-001Zoning Type LARD1.5Building SF 2,499 SF

PROPERTY DETAILS

3792 Ashwood Avenue, located in the rapidly growing Westside neighborhood of Mar Vista. This 1949 bungalow-style property is located just 1.5 miles from the world-famous Venice Beach Boardwalk. Entertainment value and proximity to a variety of westside neighborhoods add to this property’s long-term appreciation. The building has six (6) singles with full kitchen and bath as well as one (1) 1+1 unit, all of which have hardwood floors, private entrances, and individual parking spaces. Two units havebeen beautifully renovated with stainless steel appliances, new fixtures, quartz counter top, new cabinets, and updated bathrooms. Additional renovations to the property include; new contemporary landscaping, new front fence, as well as a newly paved parking lot.


PROPERTY SUMMARYPROPERTY LOCATION

3792 ASHWOOD AVE


PROPERTY SUMMARYPROPERTY AERIAL

Venice Blvd Venice Blvd


PROPERTY SUMMARYPARCEL ORIENTATION


PROPERTY SUMMARYPROPERTY PHOTOS


FINANCIALS3792 ASHWOOD AVELOS ANGELESCA 90066



FINANCIALSVALUATION - $1,950,000


FINANCIALSRENT ROLL



COMPARABLES3792 ASHWOOD AVELOS ANGELESCA 90066


COMPARABLESSALES COMPS

1

3792 Ashwood Ave, Los Angeles 90066

2700 Abbot Kinney Blvd, Venice, CA 90291

4320-4326 Inglewood Blvd, Los Angeles, CA 90066

Sale Price $5,650,000COE 7/13/2016Number of Units 15Building SF 11,180GRM 22.84CAP 2.27%Price/Unit $376,667Year Built 1959

Listed For $1,950,000Number of Units 7Building SF 2,499GRM 14.79CAP 4.21%Price/Unit $278,571Year Built 1949UNITS UNIT TYPE

1 1 Bed/1 Bath6 Studio/1 Bath

3632 S Centinela Ave, Los Angeles, CA 90066Sale Price $2,200,000COE 3/31/2017Number of Units 6Building SF 6,200GRM 17.94CAP N/APrice/Unit $366,667Year Built 1944

UNITS UNIT TYPE2 3 Bed/2 Bath2 2 Bed/2 Bath2 2 Bed/1 Bath

Sale Price $2,350,000COE 5/4/2017Number of Units 6Building SF 5,316GRM N/ACAP 2.57%Price/Unit $391,667Year Built 1953

UNITS UNIT TYPE1 2 Bed/1.5 Bath8 2 Bath/1 Bath6 1 Bed/1 Bath

UNITS UNIT TYPE4 2 Bed/1 Bath2 1 Bed/1 Bath

561 Washington Blvd, Venice, CA 90292Sale Price $4,250,000COE 3/8/2017Number of Units 10Building SF 6,280GRM 19.69CAP 2.96%Price/Unit $425,000Year Built 1954

UNITS UNIT TYPE2 2 Bed/1 Bath8 1 Bath/1 Bath

3910 Beethoven St, Los Angeles, CA 90066Sale Price $4,075,000COE 9/26/2017Number of Units 13Building SF 7,841GRM N/ACAP N/APrice/Unit $313,462Year Built 1969

UNITS UNIT TYPE13 1 Bed/1 Bath

5

3913 Beethoven St, Los Angeles, CA 90066Sale Price $1,980,000COE 9/5/2017Number of Units 4Building SF 2,596GRM 18.33CAP 4.14%Price/Unit $495,000Year Built 1964

UNITS UNIT TYPE1 2 Bed/1 Bath3 1 Bath/1 Bath

6

3745 S Centinela Ave, Los Angeles, CA 90066Sale Price $1,763,000COE 8/15/2017Number of Units 5Building SF 4,554GRM 17.97CAP 3.53%Price/Unit $352,600Year Built 1959

UNITS UNIT TYPE3 2 Bed/1 Bath2 1 Bed/1 Bath

7


COMPARABLESSALES COMPS

Sales Comps3910 Beethoven St3632 S Centinela Ave

3913 Beethoven St

4326 Inglewood Blvd

561 Washington Blvd

2700 Abbot Kinney Blvd

3745 S Centinela Ave

3792 ASHWOOD AVE

567 5

6

7


COMPARABLESRENT COMPS – Unfurnished Long Term Rentals

UNIT TYPE 1 + 1RENT $2,350UNIT TYPE SingleRENT $1,020-1,795

4

3792 Ashwood Ave, Los Angeles 90066

11923 Venice Boulevard APT 2, Los Angeles, CA 90066 3629 Beethoven St, Los Angeles, CA 90066


RENT $2,399UNIT TYPE 1 + 1

11900 Venice Boulevard APT 4, Los Angeles, CA 90066


RENT $1,695UNIT TYPE Studio

12602 Venice Blvd APT 110, Los Angeles, CA 90066RENT $1,625UNIT TYPE Studio

Comments: Subject Property. The 1 bedroom unit and a Single unit have been fully renovated with hardwood floors, new kitchen and bathroom.

Comments: Gated entry. Vinyl floors throughout. 1 parking space.

42700 Abbot Kinney Blvd APT 6, Venice, CA 90291


Comments: No parking. Closer to the beach. Not as updated as subject property.

5

6

21 Westminster Ave APT 106, Venice, CA 90291RENT $1,900UNIT TYPE Studio

Comments: 358 sqft studio. No parking. Closer to the beach. Unit interior is outdated and not as nice as subject property.

2610 Abbot Kinney Blvd, Venice, CA 90291

RENT $1,650UNIT TYPE Studio

Comments: No parking. 1 mile to the beach. Unit located on 1st floor of 2 story building. Unit is outdated with old appliances and carpet.

7

COMPARABLESRENT COMPS – Unfurnished Long Term Rentals

Rent Comps11923 Venice Blvd

12602 Venice Blvd

21 Westminster Ave

11900 Venice Blvd

3629 Beethoven St



3792 ASHWOOD AVE

567

5

67


COMPARABLESRENT COMPS – Furnished Short Term Rentals

WEEKLY RENT $903UNIT TYPE Studio

4

Private Guest Studio 2 Miles from Beach

Super Cute Venice/Mar Vista Studio Apt

Mar Vista – New Garden Guest House

Private studio in a quiet neighborhood

Cozy Industrial Artist Loft Style Guest House in Mar VistaWEEKLY RENT $553UNIT TYPE Studio



WEEKLY RENT $1,043UNIT TYPE Studio

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3

4

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3792 ASHWOOD AVELOS ANGELESCA 90066

OFFERING MEMORANDUMKenny Stevens BRE# 01090251310.968.7005 [email protected]

3792 ashwood ave los angeles ca 90066...as well as one (1) 1+1 unit, all of which have hardwood...

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