3792 ashwood ave los angeles ca 90066 · super cute venice/mar vista studio apt mar vista –new...

www.CONCORD-RE.com | [email protected] | 310.551.0660

449 South Beverly Drive, First Floor, Beverly Hills, CA 90212

7 UNITS IN THE BOOMING, WEST SIDE

NEIGHBORHOOD OF MAR VISTA

3792 ASHWOOD AVELOS ANGELESCA 90066

OFFERING MEMORANDUM

PRESENTEDBY

Kenny Stevens

Managing Partner / Senior Vice President

BRE#01090251

310.551.0660 Ext. 141 direct

310.551.0661fax

[email protected]

Our mission

LOCATION OVERVIEWMarket Overview

PROPERTY SUMMARYProperty Highlights

Property Details

Property Location

Aerial Photo

Parcel Orientation

Photography

FINANCIALSFinancial Overview

Rent Roll

COMPARABLESSales Comps

Rent Comps

MARKETING PACKAGEOVERVIEW

3792 ASHWOOD AVELOS ANGELES, CA 90066


449 South Beverly Drive, First Floor, Beverly Hills, CA 90212

ABOUT US

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.

Our world has changed and so has the business of real estate. It’s not enough to work with a typical real estate

company. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfolio

together under one roof, combining corporatecapabilities with a family feel.

Concord is the evolution of real estate. We’re changing the game and moving above and beyond what

you’ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so you

don’t have to. From acquisition to management to construction to the disposition, Concord is elevating your

experience every step of the way.


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 MISSION3792 ASHWOOD AVELOS ANGELES, CA 90066


LOCATION


LOCATIONLOCATION OVERVIEW

Mar Vista- Los Angeles, CA 90066

3792 Ashwood Ave is located in the booming, culturally rich neighborhood of Mar

Vista — Close to the Mar Vista 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 and restaurants in

LA are located. Easy commute to LAX, Downtown LA and Beverly Hills and all that

West LA has to offer!


LOCATIONLOCATION OVERVIEW


Penmar Golf Course and

Recreation Center

Hatchet Hall

Sweet Lucie’s Ice Cream Shop

3792 Ashwood Ave

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 6

Yard House

Ulta Beauty

Barnes and Noble

Mitsuwa Market

Place

Alana’s Coffee Roasters

PROPERTY SUMMARY

3792 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, Santa Monica

• 7 open parking spaces

• Front 1 + 1 unit has been beautifully renovated and currently vacant

• 1 Studio unit can be delivered vacant at COE

• New front fence and landscaping

• Rents can be increased by 5% per year

• Units are master metered


PROPERTY SUMMARYPROPERTY DETAILS

PROPERTY DESCRIPTION

Units (1)1+1, (6) StudiosMajor Intersection Venice Blvd and Ashwood Ave

Market Mar VistaAPN 4245-021-001Zoning Type LARD1.5Building SF 2,499 SF

PROPERTY DETAILS


Concord Real Estate Services proudly presents the offering memorandum for 3792 Ashwood Avenue in beautiful Mar Vista, California. 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) studios as well as one (1) 1+1 unit, all of which have hardwood floors, private entrances, and individual parking spaces.

PROPERTY SUMMARYPROPERTY LOCATION

3792 Ashwood Ave


PROPERTY SUMMARYPROPERTY AERIAL


Venice Blvd

Ash

wo

od

Av

e

PROPERTY SUMMARYPARCEL ORIENTATION


PROPERTY SUMMARYPROPERTY PHOTOS


FINANCIALS



FINANCIALSVALUATION - $2,050,000


FINANCIALSRENT ROLL – As of July 1, 2017



COMPARABLES


COMPARABLESSALES COMPS

Sales Comps

2700 Abbot Kinney Blvd

3632 S Centinela Ave

4320-4326 Inglewood Blvd

561 Washington Blvd

3792 Ashwood Ave


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 $5,650,000

COE 7/13/2016

Number of Units 15

Building SF 11,180

GRM 22.84

CAP 2.27%

Price/Unit $376,667

Year Built 1959


Number of Units 7

Building SF 2,499

GRM 16.05

CAP 3.78%

Price/Unit $292,857

Year Built 1949UNITS UNIT TYPE

1 1 Bed/1 Bath

6 Studio/1 Bath


3632 S Centinela Ave Los Angeles, CA 90066


COE 3/31/2017

Number of Units 6

Building SF 6,200

GRM 17.94

CAP N/A

Price/Unit $366,667

Year Built 1944UNITS UNIT TYPE

2 3 Bed/2 Bath

2 2 Bed/2 Bath

2 2 Bed/1 Bath


COE 5/4/2017

Number of Units 6

Building SF 5,316

GRM N/A

CAP 2.57%

Price/Unit $391,667

Year Built 1953

UNITS UNIT TYPE

1 2 Bed/1.5 Bath

8 2 Bath/1 Bath

6 1 Bed/1 Bath

UNITS UNIT TYPE

4 2 Bed/1 Bath

2 1 Bed/1 Bath

561 Washington Blvd Venice, CA 90292


COE 3/8/2017

Number of Units 10

Building SF 6,280

GRM 19.69

CAP 2.96%

Price/Unit $425,000

Year Built 1954

UNITS UNIT TYPE

2 2 Bed/1 Bath

8 1 Bath/1 Bath

3792 Ashwood Ave

COMPARABLESRENT COMPS – Unfurnished Long Term Rentals


Rent Comps

11923 Venice Blvd #2

11900 Venice Blvd #04

3629 Beethoven St

COMPARABLESRENT COMPS – Unfurnished Long Term Rentals

UNIT TYPE 1 + 1

RENT $2,350

UNIT TYPE Studio + 1

RENT $1,020-1,695

4

3792 Ashwood Ave, Los Angeles 90066

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


RENT $2,399

UNIT SIZE

UNIT TYPE 1 + 1

11900 Venice Boulevard #04 Los Angeles, CA 90066

RENT $2,195

UNIT SIZE 580 SQ.FT.

UNIT TYPE 1 + 1

RENT $1,695

UNIT SIZE 500 SQ.FT.

UNIT TYPE Studio

COMPARABLESRENT COMPS – Furnished Short Term Rentals

WEEKLY RENT $903

UNIT 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 Vista

WEEKLY RENT $553

UNIT TYPE Studio

WEEKLY RENT $693

UNIT TYPE Studio

WEEKLY RENT $560

UNIT TYPE Studio

WEEKLY RENT $1,043

UNIT TYPE Studio

1

2

3

4

5


449 South Beverly Drive, First Floor, Beverly Hills, CA 90212OFFERING MEMORANDUM

KENNY STEVENS

BRE# 01090251

D: 310-551-0660 Ext. 141

[email protected]

3792 ashwood ave los angeles ca 90066 · super cute venice/mar vista studio apt mar vista –new...

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