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MARKETING PACKAGE 15436 VANOWEN ST, VAN NUYS, CA 91406

02 15436 VANOWEN ST, VAN NUYS, CA 91406

TABLE OF CONTENTS

Property Overview

Financial Analysis

Location Overview

01

02

03

CONTACT INFORMATION

15436 VANOWEN ST

MARKETING PACKAGE

danny spiwakAssociate(424) 325-2645

John katnikSenior Associate(424) 325-2644

elliot hassAnSenior Director(424) 325-2643

mike hanassabSenior Director(424) 325-2642


SECTION ONE

PROPERTY OVERVIEW


On-Site

LAR3

(8) 1 Bed / 1 Bath(8) 2 Bed / 1 Bath

11,954 SF

13,016 SF

16

1

2

15436 Vanowen St

Van Nuys

CA

91406

2234-023-007

Master-Metered

Individually Metered

Individually Metered

Wood-frame Stucco

Flat1964

Street Address

City

State

Zip Code

APN

Rentable Square Feet

Lot Size

Year Built

Number of Units

Number of Buildings

Number of Stories

Water

Electric

Gas

Construction

Roof

Parking

Zoning

Unit Mix

PROPERTY OVERVIEW

DETAILS


Ideal 1031 Exchange Investment Opportunity

The subject property is an attractive and ideal 1031 Exchange investment opportunity.

Great Van Nuys Location

The subject property is located walking distance to Sepulveda Blvd and the Valley Presbyterian Hospital.

Attractive Unit-Mix

The property consists of (8) 1 bed / 1 bath units and (8) 2 bed / 1 bath units.

Strong In-Place Income

Investors can benefit from a strong yield which allows for attractive financing.

Rental Upside

There is approximately 20% upside in the rental income making the subject property a value-add opportunity.

PROPERTY OVERVIEW

HIGHLIGHTS


SECTION TWO

FINANCIAL ANALYSIS


$3,400,000$245,473

$115,991

$129,481

$306,867

$118,447

$188,420

$3,400,000

$212,500

Price

Price per Unit

Price per Square Foot

CAP Rate

GRM

Gross Income

Expenses

NOI

CURRENT

3.81%

13.54

PRO FORMA

5.54%

10.81

$284.42

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


FINANCIAL ANALYSIS

FINANCING

Down Payment

Loan Amount

Interest Rate

Amortization / Fixed Period

Term

$1,360,000 (40.00%)

$2,040,000

3.55%

30-Year / 5-Year

360 Month

Debt Service

Pre-Tax Cash Flow

Principle Reduction

Total Return

CURRENT

-$110,611

$18,871

-$38,818

$57,689

PRO FORMA

-$110,611

$77,809

-$38,818

$116,627

(5.72%)

(8.58%)

(1.39%)

(4.24%)


INCOME

Base Rental Income

Laundry Income

Gross Potential Income

Vacancy Allowance

Effective Gross Income

Operating Expenses

Net Operating Income

EXPENSE

Taxes

Insurance

Utilities

Repairs & Maintenance

Management Fee

Gardener

Pest Control

Reserves

Onsite Management

Direct Assessments

Trash

Operating Expenses

ANNUAL ANNUALCURRENT

$251,107

$1,899

$253,006

$7,533

$245,473

$115,991

$129,481

CURRENT

$39,925

$7,211

$20,140

$8,000

$9,819

$1,500

$900

$3,200

$17,700

$1,710

$5,886

$115,991

PRO FORMA

$314,400

$1,899

$316,299

$9,432

$306,867

$118,447

$188,420

PRO FORMA

$39,925

$7,211

$20,140

$8,000

$12,275

$1,500

$900

$3,200

$17,700

$1,710

$5,886

$118,447

FINANCIAL ANALYSIS

INCOME AND EXPENSE

(3%)

(47%)

(3%)

(39%)


FINANCIAL ANALYSIS

RENT SCHEDULE

UNIT #

1

2

3

4

5

6

7

8

9

10**

11

12

14

15

16

12A

TOTAL

UNIT TYPE

1 Bed / 1 Bath

1 Bed / 1 Bath

1 Bed / 1 Bath

1 Bed / 1 Bath

2 Bed / 1 Bath

2 Bed / 1 Bath

1 Bed / 1 Bath

2 Bed / 1 Bath

2 Bed / 1 Bath

1 Bed / 1 Bath

1 Bed / 1 Bath

2 Bed / 1 Bath

2 Bed / 1 Bath

2 Bed / 1 Bath

1 Bed / 1 Bath

2 Bed / 1 Bath

SQ. FOOTAGE

644 SF

644 SF

644 SF

644 SF

850 SF

850 SF

644 SF

850 SF

850 SF

644 SF

644 SF

850 SF

850 SF

850 SF

644 SF

850 SF

11,952 SF

RENT

$1,055

$1,038

$1,182

$1,446

$1,700

$1,386

$1,120

$1,385

$1,767

$1,475

$1,045

$1,173

$1,291

$1,600

$878

$1,385

$20,926

RENT PER SF

$1.64

$1.61

$1.84

$2.25

$2.00

$1.63

$1.74

$1.63

$2.08

$2.29

$1.62

$1.38

$1.52

$1.88

$1.36

$1.63

RENT

$1,475

$1,475

$1,475

$1,475

$1,800

$1,800

$1,475

$1,800

$1,800

$1,475

$1,475

$1,800

$1,800

$1,800

$1,475

$1,800

$26,200

RENT PER SF

$2.29

$2.29

$2.29

$2.29

$2.12

$2.12

$2.29

$2.12

$2.12

$2.29

$2.29

$2.12

$2.12

$2.12

$2.29

$2.12

PRO FORMA

* Sq. ft. of all units are estimated.** Manager’s unit.

PRO FORMA


SECTION THREE

LOCATION OVERVIEW


San Fernando Valley

The San Fernando Valley is located within the Los Angeles County which includes the cities of Burbank, Glendale, San Fernando, Hidden Hills, and Calabasas. As home to the world’s major movie studios, the San Fernando Valley is where Angelinos come to escape the busy city life to live, work and play. The San Fernando Valley has it all. It’s made up of gorgeous suburbs and mini-malls strategically placed all around the valley for easy access. Through the years, major network and movie studios have stationed in the Valley and now call it home.

The Valley has anything you need or want: great food, great fun, and definitely great shopping. With more than 100 sound stages producing everything from “Jurassic Park” to “The Tonight Show,” the “Valley of the Stars” is home to the Walt Disney Company, NBC Universal Studios, Warner Bros., CBS Studio Center as well as NBC and ABC Television Studios. In addition to the many popular studio tours, historical sites, theaters and museums, the San Fernando Valley offers an incredible array of fine dining, shopping, lodging and recreational opportunities, along with world -class attractions at each of the scenic entrances to the Valley, including the magnificent new Getty Center, the Hollywood Bowl and the Los Angeles Zoo. Whether your travel plans include business or pleasure, come enjoy the friendly hospitality and rich heritage of the San Fernando Valley.

LOCATION OVERVIEW

San Fernando Valley


Van Nuys

Van Nuys is a densely-populated neighborhood located in central San Fernando Valley. It’s bordered by other popular neighborhoods in the Valley, such as Valley Glen, Lake Balboa, Sherman Oaks, and Panorama City. Even though the San Fernando Valley has a reputation for being suburban, the Van Nuys neighborhood offers residents a more metropolitan feel, perhaps due to the community’s courthouse and many government buildings. Although this neighborhood has been in transition throughout the years, the arrival of new businesses, hotels, residences, restaurants, and shops has transformed the area.

Located less than 20 miles away from LA’s Westside, Hollywood, Downtown LA, and other popular neighborhoods in the Valley, residents living in Van Nuys can easily get around town without a hitch. Cutting through the middle of the neighborhood is the 405 freeway (San Diego Freeway), but the community is also near the 101 (Ventura Freeway), 170 (Hollywood Freeway), 118 (Simi Valley Freeway), and the I-5 (Golden State Freeway). Residents living in this neighborhood can also skip the busy commute to LAX, and instead, hop on a flight out of Van Nuys Airport. Many residents in Van Nuys include families, professionals, and students from both UCLA and USC. Residents enjoy the neighborhood’s overall walkability as well as the community’s proximity to the middle of the action in both the San Fernando Valley and LA County.

LOCATION OVERVIEW

VAn NUYS


LOCATION OVERVIEW

AERIAL


LOCATION OVERVIEW

DEVELOPMENTS

Apartments at the Van Nuys Metrolink Station

Architectural plans posted by the Van Nuys Neighborhood Council offer a first look at a multifamily residential complex near the neighborhood’s Metrolink commuter rail station. Less than 2 miles away from the subject property, the project calls for the construction of a five-story edifice containing 124 studio, one-, and two-bedroom apartments - including 13 extremely low-income affordable units - above semi-subterranean parking for 126 vehicles. Floor plans show that the project would have a U-shaped footprint above its podium level, with space for a courtyard-level swimming pool and a landscaped roof deck.

174 Mixed-Use Apartment Complex

Demolition is underway at a pair of small commercial buildings in Van Nuys, and a mixed-use apartment complex is slated to rise in its place. The project, less than 2 miles away from the subject property, will consist of a six-story building containing 174 apartments, 18,400 square feet of ground-floor retail space, and 400 parking stalls. Plans call for a mix of studio, one-, and two-bedroom apartments, including 10 to be set aside for very low-income households. Ketter Construction is developing and designing the podium-type building, which will feature amenities such as a swimming pool, a fitness center, and multiple outdoor decks.


LOCATION OVERVIEW

WALKABILITY

1. Valley Presbyterian Hospital15107 Vanowen St, Van Nuys, CA 91405

0.5 MILES FROM SUBJECT PROPERTY

2. LA Fitness6161 Sepulveda Blvd, Van Nuys, CA 91411

1 MILE FROM SUBJECT PROPERTY

3. Windsor Village6411 Sepulveda Blvd, Van Nuys, CA 91411


4. Costco6100 Sepulveda Blvd, Van Nuys, CA 91411


5. Van Nuys High School6535 Cedros Ave, Van Nuys, CA 91411


6. Bassett Street Elementary School15756 Bassett St, Lake Balboa, CA 91406



01

04

02

05

03

06

VALLEY PRESBYTERIAN HOSPITAL

Founded in 1958, this Van Nuys hospital has more than 350 beds.

COSTCO

The world’s largest multinational corporation of bulk goods.

LA FITNESS

American gym chain with more than 700 clubs across the United States.

VAN NUYS HIGH SCHOOL

This highschool has more than 2,700 annually enrolled students.

WINDSOR VILLAGE

This strip center shopping mall has more than 30 stores.

BASSETT STREET ELEMENTARY SCHOOL

Built in 1958, this elementary school has more than 700 annual students.

LOCATION OVERVIEW

WALKABILITY


LOCATION OVERVIEW

Points of Interest

1. Lake Balboa Park6300 Balboa Blvd, Van Nuys, CA 91406


2. Van Nuys Airport16461 Sherman Way, Van Nuys, CA 91406


3. CSU Northridge18111 Nordhoff St, Northridge, CA 91330


4. The Japanese Garden6100 Woodley Ave, Lake Balboa, CA 91406


5. The Getty1200 Getty Center Dr, Los Angeles, CA 90049


6. Westfield Topanga & The Village6600 Topanga Canyon Blvd, Canoga Park, CA 91303



01

04

02

05

03

06

LAKE BALBOA PARK

open space with a 19,600 sq. ft. maritime-themed playground.

THE JAPANESE GARDEN

This 6.5 Acre public Japanese Garden is a popular spot for visitors.

VAN NUYS AIRPORT

This general aviation airport has more than 200,000 annual flights.

THE GETTY

the $1.3 billion center offers thousands of precious artworks.

CSU NORTHRIDGE

this public university has more than 39,000 enrolled students.

WESTFIELD TOPANGA & THE VILLAGE

this mall spans 2,100,000 sq. ft. and houses anchor stores like macy’s.

LOCATION OVERVIEW

Points of Interest


3-Mile

330,735

326,642

297,596

1-Mile

52,060

51,183

45,366

5-Mile

749,107

743,855

699,425

$63,836

$45,554

1-Mile

17,087

16,840

15,152

$80,754

$56,255

3-Mile

107,208

106,172

98,333

5-Mile

247,014

245,791

233,945

$91,478

$65,768

LOCATION OVERVIEW

DEMOGRAPHICS

POPULATION

2025 Projection

2020 Estimate

2010 Census

Growth ‘20 - ‘25

Growth ‘10 - ‘20

HOUSEHOLDS

2025 Projection

2020 Estimate

2010 Census

Growth ‘20 - ‘25

Growth ‘10 - ‘20

Average Income

Median Income

1.71%

12.82%

1.25%

9.76%

0.71%

6.35%

1.47%

11.14%

0.50%

5.06%

0.98%

7.97%

22 @jamescapitaladvisorswww.jamescapitaladvisors.com

JAMES CAPITAL ADVISORS, INC.

DISCLAIMER

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.

@jamescapitaladvisorswww.jamescapitaladvisors.comJames Capital Advisors, Inc.

JAMES CAPITAL ADVISORS, INC.

THANK YOU FOR YOUR TIME

CONTACT

danny spiwakAssociate

(424) [email protected] RE Lic. 02031346

John katnikSenior Associate


elliot hassanSenior Director


mike hanassabSenior Director


property overview - images1.loopnet.com€¦ · this information has been prepared to provide...

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