539 penn st, el segundo, ca€¦ · el segundo, ca 90245 the information above has been obtained...

Lyon Stahl | [email protected] | 539 PENN ST, EL SEGUNDO, CA

539 Penn StEl Segundo, CA 90245

539 Penn St, El Segundo, CA

INVESTMENT SUMMARY

Investment Overview

Regional Map

AREA OVERVIEW

Local Map

City Overview

County Overview

Aerial Map

PROPERTY DESCRIPTION

Property Details

3D Map

FINANCIALS

Offering Summary

Net Income Statment

Rent Roll

Unit Mix

COMPARABLES

Sales Comparable Map

Sales Comparables

Rental Comparable Map

Rental Comparables

On Market Comparable Map

On Market Comparables

EXCLUSIVELY MARKETED BY :

Lyon Stahl Investment Real Estate

Brett Lyon

(310) 780-1899

[email protected]

Lic. 01717818

Woody Stahl

(310) 710-3829

[email protected]

Lic. 01399621


Investment Summary


The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.

Investment SummaryPrice $1,450,000Cap Rate 2.47%NOI $35,881.00GRM 23.46Units 2Occupancy 100.00%Building Size 2,120 SFPrice per Square Foot $683.96Land Area 6,002 Sq. FeetOwnership Fee Simple

Investment Highlights

Two homes on lot consisting of (1) 2-bed/2-bath and (1) 2-bed/1-bath units●

Well located near Los Angeles International Airport, the beach, and 105 &●

405 FWYsWell maintained building with excellent curb appeal | 2,120 SF building●

situated on a 6,002 SF lot2 parking spaces located in rear | Great in-place income●

Zoned R2 | Potential to build two townhomes●

Immediate Upside by adding square footage to front house●

Investment Description

Lyon | Stahl is excited to present 539 Penn St., two individual homes locatedin El Segundo. This turn-key property features a unit mix consisting of (1)2-bed/2-bath and (1) 2-bed/1-bath units with 2,120 SF of total living area. Thefront of the property includes a landscaped yard area enclosed by a picketfence for additional privacy, and in the rear there are (2) 1-car garages. Both ofthe units are very well-maintained and have copper plumbing. The propertygenerates excellent rental income and has upside market rent potential. Thisis the perfect investment opportunity for anyone looking to build their portfolio,and acquire prime real estate in the South Bay!


Investment Summary



Regional Map


Area Overview



Local Map


Area Overview



Area Overview

County OverviewThe most heavily populated county in the country is Los Angeles County withapproximately 9.9 million people, including about 1 million that live inunincorporated areas of the county. The metropolis - formed by the sixneighboring counties of Los Angeles, Ventura, Kern, San Bernardino,Riverside, and Orange - is home to approximately 19 million residents. LosAngeles County is home to one of the most educated labor pools in thecountry and offers a labor force of more than 4.7 million, of which more than1.5 million are college graduates. Los Angeles County has the largestpopulation of any county in the nation, exceeded only by eight states.According to the United States Conference of Mayors, Los Angeles Countyboasts a GDP among the twenty largest in the world. Los Angeles County’scontinued economic growth, in contrast to other areas of the state and nation,is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of the California,and covers 4,061 square miles, including the San Clemente and SantaCatalina islands. The County is comprised of approximately 88 vibrant anddiverse cities hosting more than 244,000 business establishments— thegreatest concentration in the state. Los Angeles County has a Gross DomesticProduct (GDP) of approximately $446 billion - placing it among the top 20economies in the world. The combined GDP of Los Angeles and its five

surrounding neighboring counties places it in the top 10. California is generallyconsidered to be in the top five.

If Los Angeles County were its own nation, its economy would be the 18thlargest in the world. It is home to more than 244,000 businesses, with moreminority and women owned businesses than any other in the nation and is thenation’s top international trade center and manufacturing center. Los Angelesis recognized worldwide as a leader in entertainment, health sciences,business services, aerospace and international trade. Because the LosAngeles area is so large and diverse, it has something to offer to everyone.While Hollywood and the Los Angeles beach culture are part of our collectiveimage of Los Angeles, the city also has more museums than any other cityand some of the best hotels in the world are located in Los Angeles.

Over the years, Los Angeles County has developed a diverse economic base,supported by a number of Fortune 500 companies with headquarters in thearea, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTVGroup, Northrop Grumman, Computer Sciences, KB Home, Health Net, Mattel,and Avery Dennison. Key factors positively impacting the region’s economicposition include increased local media production by the entertainmentindustry and a continuing expansion of import flows. Moreover, growth inaerospace, homeland security and in the private business sector havecontributed positively to the County's economy. Los Angeles' well educatedlabor pool, many universities, wonderful climate, and world class infrastructurewill enable Greater Los Angeles to continue to be a world leader in economicand cultural significance.County Highlights

Los Angeles County is the world’s 18th largest economy.●

Los Angeles part of the "Tech Coast" and is regarded as the of the main●

entrepreneurial regions of the world. It has approximately 200,000 smallbusinesses, which is twice as many small businesses as can be found in anyother region of the United States.If Los Angeles' five county area were a state, it would be the fourth largest in●

the United States.Los Angeles has more than 80 stage theaters and 300 museums, more than●

any other U.S city.


Area Overview



Aerial Map


Front Unit



Front Unit


Back Unit



Back Unit


Yard



Yard


Property Description



Property DetailsAddress 539 Penn St

El Segundo, CA90245

Square Footage 2,120 SFLand Area 6,002 Sq. FeetYear Built 1924Assessors Parcel Number 4133-007-012

SiteZoning ESR2YYNumber of Buildings 2Number of Stories 1Parking 2


Financials



FinancialOffering Summary

Price $1,450,000Building Size 2,120 SFOwnership Fee SimpleLand Area 6,002 Sq. FeetNumber of Units 2Number of Stories 1Year Built 1924Parking 2Occupancy 100.00%

Price per Unit $725,000.00Price per Square Foot $683.96Current CAP Rate 2.47%Pro Forma Cap Rate 3.96%Current GRM 23.46Pro Forma GRM 17.26NOI $35,881Pro Forma NOI $57,415

FinancingLoan Type New/ProposedLoan Amount $1,015,000Down Payment $435,000Interest Rate 4.25%Amortization Period 30 YearsAnnual Payment $59,918


Financials



Net Income Statement

Current AnnualIncome

Proforma AnnualIncome

REVENUES Gross Potential Rent $61,800 $84,000 Less: Vacancy Rate 1,854 2,520

Effective Gross Income $59,946 $81,480

OPERATING EXPENSES Real Estate Taxes 17,310 17,310 Insurance 2,101 2,101 Utilities 1,600 1,600 Landscaping 1,200 1,200 Maintenance 1,854 1,854

TOTAL EXPENSES $24,065 $24,065

NET OPERATING INCOME $35,881 $57,415

Debt Service $59,918 $59,918 NET CASH FLOW AFTER DEBT SERVICE $-24,037 $-2,503 Principal Reduction $17,112 $17,112 TOTAL RETURN -1.59% 3.36% Expenses Per SF $11.35 $11.35% of EGR 40.14% 29.53%


Financials



Rent Roll

Unit Information Lease Rental Rates

Unit No Unit TypeApp. SquareFootage

Status Move In DateCurrentMonthly Rent

PSFPro FormaMonthly Rent

PSF Loss to Lease

1 2 BR 2 BTH - Occupied -- -- ---- $ 2,650.00 - $ 3,500.00 - $ 850.00

2 2 BR 1 BTH - Occupied -- -- ---- $ 2,500.00 - $ 3,500.00 - $ 1,000.00

2 Units TOTALS 0 Occ:2Vac:0 $5,150.00 $7,000.00 $1,850.00


Financials



Unit Mix

Unit Info Occupancy Square Footage Current Monthly Rent Pro Forma Monthly Rent

Numberof Units

Unit Type Occ Vac % OccAverageUnit SF

Total UnitSF

AVG Low High TotalAVGPSF

AVG TotalAVGPSF

VacancyLoss

1 2 BR 2 BTH 1 0 100% - - $ 2,650 $ 2,650 $ 2,650 $2,650 - $3,500 $3,500 - $0

1 2 BR 1 BTH 1 0 100% - - $ 2,500 $ 2,500 $ 2,500 $2,500 - $3,500 $3,500 - $0

2 TOTALS 2 0 100.00% 0 SF $5,150 $7,000 $0


Comparables



Sales Comparable Map


Comparables



Sales Comparables

Photos Address

Sale PriceSale DateTotal UnitsPrice Per Unit

Total SF$/SFCAPGRM

Unit MixYear BuiltLand AreaDays on Market

539 Penn StEl Segundo, CA90245

$1,450,000N/A2725,000

2,120 SF$6842.47 %23.46

1 2BR + 1BTH1 2BR + 2BTH

19246,002 SFN/A

-


$1,347,01809/30/20173$449,006

1,793 SF$7513.50 %18.25

1 2 + 12 1 + 1

19437,489 SF57

Notes Closed

129 W Palm AveEl Segundo, CA90245

$1,350,00008/29/20172$675,000

1,284 SF$1,0511.84 %41.67

1 1 + 11 2 + 1

19406,681 SF10

Notes Closed

520 Washington StEl Segundo, CA90245

$1,370,66702/03/20172$685,334

2,500 SF$548--

1 2 + 21 3 + 2

19546,684 SF70

Notes Closed


Comparables



Photos Address


Total SF$/SFCAPGRM


912 Virginia StEl Segundo, CA90245

$1,560,00011/03/20172$780,000

2,434 SF$641--

1 1 + 11 3 + 3

19206,548 SF12

Notes Closed

126 W Oak AveEl Segundo, CA90245

$1,675,00011/01/20172$837,500

2,788 SF$601--

1 2 + 21 4 + 2

19556,694 SF17

Notes Closed

403 Whiting StEl Segundo, CA90245

$2,155,00004/14/20172$1,077,500

3,000 SF$7184.09 %18.71

1 2 + 11 3 + 3

20157,470 SF12

Notes Closed

718 Indiana CtEl Segundo, CA90245

$2,210,00001/19/20174$552,500

3,399 SF$6504.39 %15.48

1 3 + 13 2 + 1

19557,779 SF63

Notes Closed


Comparables



Photos Address


Total SF$/SFCAPGRM


Averages

$1,666,812-2$722,406

2,457 SF$7093.46 %23.53


Comparables



Rental Comparable Map


Comparables



Rental Comparables

Photos AddressDate Surveyed

Total UnitsYear BuiltBldg SFOccupancy

Units Types Avg Unit SF Avg Unit Rent Avg Rent Per SF


219242,120 SF100.00%

2 BR / 1 BTH2 BR / 2 BTH

--

$2,500$2,650

--

807 Main St. #CEl Segundo, CA9024508/25/2017

11951400 SF100%

1BR /1BTH 400 SF $1,600 $4.00

111 W Maple StEl Segundo, CA9024508/24/2017

11949600 SF100%

1BR /1BTH 600 SF $1,600 $2.67

101 Maple St WEl Segundo, CA9024512/18/2017

11949700 SF100%

1BR /1BTH 700 SF $1,850 $2.64


Comparables



Photos AddressDate Surveyed

Total UnitsYear BuiltBldg SFOccupancy

Units Types Avg Unit SF Avg Unit Rent Avg Rent Per SF

1225 E Grand Ave #HEl Segundo, CA9024509/16/2017

120061,770 SF100%

2BR /3BTH 1,770 SF $4,100 $2.32

Averages 868 SF100% 868 SF $ 2,288 $ 2.91


Comparables



On Market Comparable Map


Comparables



On Market Comparables

Photos AddressSale PriceTotal UnitsPrice Per Unit

Total SF$/SFCAPGRM

Unit Mix Year BuiltLand Area


$1,450,0002$ 725,000

2,120 SF$6842.47 %23.46

1 2BR + 1BTH1 2BR + 2BTH

19246,002 SF

-

626 Eucalyptus DrEl Segundo, CA90245

$1,323,5002$661,750

3,199 SF$414--

219477,000 SF


$1,500,000--

5,395 SF$278--

1 3 + 21 3 + 3

1920-

Averages$1,411,7502$661,750

4,297 SF$346--

CONFIDENTIALITY AND DISCLAIMER

The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is intended to be reviewed only by the party receiving it from Broker and should notbe made available to anyone else without the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you will hold it in the strictestconfidence, and that you will not disclose any of its contents contrary to these terms.

This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in the subject property (“Property”). The information in this Memorandumhas been obtained from sources Broker believes to be reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever including but not limitedto the accuracy or completeness of the information, veracity or accuracy of the information, condition of the Property or its compliance or lack of compliance with applicable governmentalrequirements, developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square footage of the Property and improvements, the presence orabsence of contaminating substances, PCB’s or asbestos, the compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects of any tenant or any tenant’s plans or intentions to continue occupancy of the Property. The Memorandum has selected information relating to the Property and does not purport to be an all- inclusive representation regarding the Property or to contain all or part of the information which prospective investors may require to evaluate the purchase of the Property. Additional information andan opportunity to investigate the Property will be made available to interested and qualified prospective purchasers. All information is based on assumptions relating to the general economy, marketconditions, competition and other factors beyond the control of Broker, therefore, all information is subject to material variation. The information contained herein is not a substitute for a thorough duediligence investigation. Interested parties are expected to review all information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions at any time with or without notice.The Owner shall have no legal commitment or obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any conditions to the Owner’sobligations therein have been satisfied or waived.

Exclusively Marketed By:

Lyon Stahl Investment Real Estate

Woody Stahl Brett Lyon

(310) 710-3829 (310) 780-1899

[email protected] [email protected]

539 penn st, el segundo, ca€¦ · el segundo, ca 90245 the information above has been obtained...

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