park lane apartments...park lane apartments | anaheim, ca | page 3 vantis capital advisors is...

Exclusively Listed By:

Ari GharibAssociateLicense No. 081194+1 949 942 [email protected]

Vantis Capital Advisors2 Park PlazaSuite 300Irvine, CA 92614www.vantiscap.com

PARK LANE APARTMENTS2553 East Park Lane | Anaheim, CA

| Vantis Capital Advisors | www.vantiscap.com

CONFIDENTIALITY & DISCLAIMER

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the lease of this Property and is not to be used for any other purpose. This information should not, under any circumstances, be disclosed to any third party without the written consent of Vantis Capital Advisors, or Owner, or used for any purpose whatsoever other than to evaluate the possible lease of the Property. The Memorandum contains select information that pertains to the Property and the Owner, does not purport to be all-inclusive or contain all or part of the information which prospective investor may require to evaluate a lease of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable but has not been verified for accuracy, completeness, or fitness for any purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions related to the general economy, market conditions, compe-tition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. Vantis Capital Advisors and the Owner disclaim any, and all liability for representations or warranties expressed or implied, contained in or omitted from this Memorandum or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that

may be made to it in any final, fully executed and delivered Real Estate Lease Agreement between it and Owner.

The information contained herein is subject to change without notice, and the recipient of these materials shall not look to Owner or Vantis Capital Advisors nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Memorandum and are advised and encouraged to

conduct their own comprehensive review and analysis of the Property.

NON-ENDORSEMENT NOTICE

Vantis Capital Advisors(“VCA”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee iden-tified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affili-ation with, or sponsorship or endorsement by, said corporation of VCA, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of VCA, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT

YOUR VANTIS CAPITAL ADVISORS AGENT FOR MORE DETAILS.

Park Lane Apartments | Anaheim, CA | page 3

Vantis Capital Advisors is pleased to present the Park Apartments For Sale. The subject property is a four-unit apartment building located within Anaheim’s Platinum Triangle with convenient access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center. The front unit is comprimised of three bedrooms and two bathrooms with a master bedroom. The other three units are comprimised of two bedrooms each. Two of which include two bathrooms with the third being a two bedroom, one bathroom unit. The subject property also boasts seperate gas and electricicty meters, dual pane windows, and a pitched roof.

INVESTMENT OVERVIEWInvestment Summary


INVESTMENT OVERVIEWProperty Highlights

• Dual Pane Windows

• Pitched Roof

• Excellent Unit Mix

• Separate Gas and Electricty Meters

• Conveniently Located with access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center.

• Strong Anaheim Rental Market


INVESTMENT OVERVIEWProperty Photos


INVESTMENT OVERVIEWArea Map

MIRALOMA AVE - 13,734 VPD

MIRALOMA AVE - 13,734 VPD

ORA

NG

E FWY

ORA

NG

E FWY

265,772 VP

D265,772 V

PD

LA PALMA AVELA PALMA AVE

RIVERSIDE FWYRIVERSIDE FWY246,791 VPD246,791 VPD


INVESTMENT OVERVIEWNeighborhood Overview

Anaheim is a city in Orange County, California, part of the Los Angeles metropolitan area. As of the 2010 United States Census, the city had a population of 336,265, making it the most populous city in Orange County and the 10th-most populous city in California. Anaheim is the second-largest city in Orange County in terms of land area, and is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team.

Anaheim’s city limits extend from Cypress in the west to the Riverside County line in the east and encompass a diverse collection of neighborhoods and communities. Anaheim Hills is a master-planned community located in the city’s eastern stretches that is home to many of the city’s affluent. Downtown Anaheim has three mixed-use historic districts, the largest of which is the Anaheim Colony. The Anaheim Resort, a commercial district, includes the Disneyland Resort, with its two theme parks, multiple hotels, and retail district, and numerous hotels and retail complexes.


INVESTMENT OVERVIEWDemographics

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

POPULATION:

2010 Census 24,507 204,791 511,471

2019 Estimate 24,857 221,217 552,682

2024 Projection 25,226 226,937 566,879

2019 Population by Race:

White 20,944 173,926 421,619

Black 573 6,135 15,103

Am. Indian & Alaskan 518 3,564 7,462

Asian 2,138 30,080 89,239

Hawaiian & Pacific Island 66 891 2,271

Other 619 6,621 16,987

Households:

2010 Census 5,873 61,645 156,259

2019 Estimate 6,070 67,281 169,608

2024 Projection 6,181 69,162 174,188

Growth 2010 - 2019 3.35% 9.14% 8.54%

Growth 2019 - 2024 1.83% 2.80% 2.70%

2019 Avg Household Income $70,602 $88,047 $97,267


ANNUAL EXPENSES (EST)

TOTAL EXPENSES EXPENSES PER UNIT EXPENSES PER SF

Taxes $15,000 $3,750 $3.23

Utilities $3,000 $750 $0.65

Insurance $1,600 $400 $0.35

Maintenance & Repairs $2,800 $700 $0.60

Pest Control $400 $100 $0.09

Landscaping $1,000 $250 $0.22

Management $0 $0 $0.00

TOTAL EXPENSES $23,800 $5,950 $5.14

UNIT MIX & RENT SCHEDULE

UNIT BEDROOMS/BATHS CURRENTMONTHLY RENT

CURRENTMONTHLY INCOME

PRO-FORMAMONTHLY RENT

PRO-FORMAMONTHLY INCOME

MARKET MONTHLY RENT

MARKET MONTHLY INCOME

1 2 Bedroom / 1 Bathroom $1,450 $1,450 $1,550 $1,550 $1,750 $1,750




MONTHLY RENTAL INCOME $6,650 $7,400 $8,050

OTHER MONTHLY INCOME $75 $75 $75

TOTAL MONTHLY INCOME $6,725 $7,475 $8,125

TOTAL ANNUAL INCOME $80,700 $89,700 $97,500

INVESTMENT OVERVIEWIncome & Expenses


PROPERTY SUMMARY

Property Name Park Lane Apartments

Number of Units 4

Address 2553 East Park Lane

City & State Anaheim, CA 92806

Year Constructed 1969

Square Feet 4,634

Lot Square Feet 7,841

Roof Type Pitched, Shingle

Parking Spaces 5

Parking Spaces Per Unit 1.25:1

Metering Separate Gas & Electric

APN 344-021-02

PRICINGFinancial Analysis

PRICING ANALYSIS

Listing Price $1,325,000

Down Payment $400,000

Percent Down 30.00%

CAP Rate (Current) 4.11%

CAP Rate (Pro-forma) 4.77%

Gross Rent Multiplier (Current) 16.42

Gross Rent Multiplier (Pro-forma) 14.77

Price Per Unit $331,250

Price Per Square Foot $285.93

ANNUALIZED OPERATING DATA

CURRENT PRO-FORMA

Scheduled Gross Income $80,700 $89,700

Less Vacancy Reserve 3.0% $2,421 3.0% $2,691

Gross Operating Income $78,279 $87,009

Less Expenses 29.5% $23,800 26.5% $23,800

Net Operating Income $54,479 $63,209

Less Loan Payments $52,355 $52,355

Gross Spendable Income $2,124 $10,854

CASH ON CASH RETURN 0.53% 2.71%

DEBT COVERAGE RATIO 1.04 1.21

PROPOSED FINANCING

NEW FIRST TRUST DEED START RATE MONTHLY PAYMENT$925,000 30 Year Fixed 3.900% $4,363

30 Year Amort.

Vantis Capital Advisors is a full-service brokerage company that focuses on aligning ourselves with our clients to build long-term investment strategies. In addition to advisory services, Vantis Capital Advisors also assists their clients in the acquisition, disposition, and leasing of Commercial Real Estate. Our specialty ranges from retail, office and industrial properties to multifamily and mixed use.

With nearly 45 years of experience in the industry, Vantis Capital Advisors has a unique advantage in providing our clients with extensive experience combined with a culture of utilizing the latest technologies that are available in Commercial Real Estate. The combination of experience and the utilization of technologies gives us the ability to provide efficiency, transparency, and accountability for our clients in a real-time environment.

The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy.

Exclusively Listed By:

Ari GharibAssociateLicense No. 081194+1 949 942 [email protected]

Vantis Capital Advisors2 Park PlazaSuite 300Irvine, CA 92614www.vantiscap.com

park lane apartments...park lane apartments | anaheim, ca | page 3 vantis capital advisors is...

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