the doheny six - loopnet...the offering property overview | the doheny six ‘the doheny six’ is a...
TRANSCRIPT
DOHENY SIXTH
E
PositioningStatement
Location& Lifestyle
IIAn
Introduction
IProperty Overview
Demographics
IVAerial Photos,
Area Map, & Property
Photos
Sourceof Income
Estimated Annualized
Operating Data
Rent Roll Sales Comparables
Financials
V VI VII VIII IX X XI XIIThe
Offering
Table of Content
III
Local Experts WorldwideThe Sotheby's International Realty network is an exclusive association of distinguished residential brokerage companies throughout the world. Our network alone generates $1.8 billion in referral sales volume annually.
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22,000 ag e n t s
Few agents are as ideally crafted for the sophisticated and intricate Los Angeles marketplace as
Allen Roth. On one hand, his passion for design and discerning appreciation for architecture,
interior design and art enable him to fully grasp the significance of each one-of-a-kind property.
On the other, his mastery of the ever-changing Westside market and adeptness at multimillion-
dollar negotiations and complex transactions make him an invaluable ally to his clients.
Roth doesn’t take his skills lightly. “I’m entrusted with the largest assets of high-net-worth
individuals, investors, attorneys, bankers and business managers,” he says. “I’m a perfectionist.
Only meticulous attention to detail and full understanding of their goals and needs can result
in the unparalleled experience I want to give them.” That experience ranges from presenting
unique residential and commercial properties and wise investment opportunities to his buyers
to showcasing his listings through creative, impactful marketing that results in a successful (and
often very rapid) sale for his sellers.
Low-profile by nature, Roth is something of a best-kept secret on the Westside. After sixteen
years, his clients come solely through referrals. (He earned his license while still in college, and
worked with Keller Williams and Prudential California Realty before joining John Aaroe Group.)
Roth approaches his work with a critical eye and intensely high standards. “Given the countless
neighborhoods and enclaves sprawled across the Westside, the landscape changes quickly, and so
do property values,” he says. “I study properties, areas and values every day. It’s my passion. I find it
endlessly fascinating to live and work in one of the most desirable and talked-about marketplaces
in the world, and to see and be involved with so many beautiful and unique properties. It’s what
motivates me every day.”
18 years experience selling real estate
Attention to detail
Beverly Hills Rotary Club since 2012, Board Member
Unparalleled customer service & response time
ALLENROTH
A RARE OPPORTUNITY TO ACQUIRE A BEVERLY HILLS MULTI-FAMILY ASSET WITH SIGNIFICANT UPSIDE
‘The Doheny Six,’ situated in the heart of Beverly Hills offers Investors exceptional strength and stability, coupled with robust upside potential. With a favorable unit mix, charm and original detail, this building has always benefited from strong rental demand and high-quality Tenants.
PositioningStatement
‘The Doheny Six’ is a rare opportunity in the midst of Beverly Hills, poised in a charming, tree-lined neighborhood setting. There are top-rated restaurants, high-end retailers, and neighborhood cafes in the area, as well as the Beverly Hills Farmers Market, and the world’s most famous shopping district.
Location & Lifestyle
34,484Population
5.71Area size (in square miles)
43.4Median Age
41.3%Homeownership
$100,630Median Household Income
2.37Average Household Size
14,578Number of Households
$1.9MMedian Property Value
Demographics
The Offering Property Overview | The Doheny Six
‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in the heart of Beverly Hills. Perfectly situated between Olympic and Wilshire Boulevards, in close proximity to Beverly Hills schools, shops, restaurants and amenities, this two-story Traditionally designed building was built on a corner lot in 1946. The six apartment homes comprised of four large one-bedroom, one-bathroom units, one studio and one two-bedroom, one-bathroom unit, all feature period details and original craftsmanship including beautiful, golden oak hardwood floors, built-in shelving, crown moldings, French windows and tiled kitchens & bathrooms. Averaging nearly 900 square feet per unit, the homes offer residents functional, spacious floor plans, formal dining rooms, large bedrooms and an abundance of natural light and airiness. On-site parking for all residents. Laundry is shared with neighboring property. ‘The Doheny Six’ is the perfect portfolio builder; priced attractively below comps and represents significant upside potential for a sound, long-term investment.
PRICE $2,999,000
6
5,074 SQ. FT.
5,760 SQ. FT.
$500,000
$591
2.62%
26.37
6
BUILDING SIZE
GRM
PRICE / UNIT
APN 4331-025-034
UNITS
CAP RATE
LOT SIZE
PARKING
PRICE / SQ. FT
Ariel Photos &Area Map
Rent Roll
Unit 1
TYPE
300
UNIT #
$1,501.12
ACTUALRENT
$2,500
RENTPROFORMA
1BD / 1BA
2BD / 1BA
BD/BA
300A $1,554.73 $2,5001BD / 1BA
Studio / 1BA
Unit 2
Unit 3 300B $2,5001BD / 1BA
1BD / 1BA
302 $2,369 $2,800
302A $1,233.06 $2,000
302B $1,261.75 $2,500
Unit 4
Unit 5
Unit 6
Total / Month: $9,474.39 (Proforma $14,800)
Total / Year: $113,692.68 (Proforma $177,600)
PropertyPhotos
$1,554.73
Financials
Price
Units
Taxes
FINANCIAL INDICATORS
PROPERTY SPECIFICATIONS
EXPENSES (ESTIMATED ANNUALIZED)
$2,999,000
6
$3,480
2.62%
1946
$4,008Current CAP
Year Built
Insurance
Market CAP
Lot SQ. FT.
Management Fees
Water / Trash / Sewer
26.37
5,074
$2,304
$2,400
4.44%
5,760
$4,440
$12,000
16.88
6
$1,800
$1,300
$591
BHR4YY
$1,560
$600
$720
$500,000 $480
$35,092
Current GRM
Building Gross SQ. FT.
Maintenance & Repair
Laundry
Market GRM
Parking Spaces
Plumbing & Elec/ Repairs
Business License
Price Per SQ. FT.
Zoning
Gardening
City of BH Rent Control
Price Per Unit Electricity
TOTAL
Pest Control
Sales Comparables
149 S. Oakhurst Dr.
ADDRESS
6 A
LP
5,881 31.31930 2.076,070
YEARBUILT
$4,999,999 $833,333
$4,695,000 $586,875
# OFUNITS
PRICE /UNIT
STATUSLOTSIZE
SQ. FT. GRMCAP
RATE
8 A 5,330 25.411947 2.237,965$4,695,000 $586,875
$2,850,000 $475,000
$3,799,000 $542,714
346 N. Maple Dr.
158 S. Elm Dr. 6 A 5,386 24.581938 2.276,070$3,999,000 $666,500
$3,200,000 $640,000
$3,450,000 $492,857
8 P 8,209 23.711956 1.57,728
6 S
7 S
5,394 22.21956 2.65,843
6,531 26.381954 2.35,623
5 S
7 S
5,093 19.391937 3.35,754
5,920 21.161954 2.675,620
337 N. Oakhurst Dr.
226 S. Gale Dr.
341 S. Doheny Dr.
163 N. La Peer Dr.
320 S. Doheny Dr.
# OF UNITS
4 1 + 1 $1,468.08 $2,500$5,872.33 $10,000
1 STUDIO $1,233.06 $2,000$1,233.06 $2,000
$1.87
$9,474.39
$2.92
$14,800
1 2 + 1 $2,369 $2,800$2,369 $2,800
SCHEDULED GROSS INCOME $113,692.68 $177,600
LESS VACANCY 3% 3%
GROSS OPERATING INCOME $110,281.90
$75,198.90
2.51%
$172,272
$137,180 (54% UPSIDE)
4.57%
LESS EXPENSES $35,092 $35,092
NET OPERATING INCOME
AVG RENT / SF
TOTAL MONTHLY INCOME
PERCENTAGE RETURN
UNIT TYPE AVG. RENT AVG. RENTTOTAL TOTAL
CURRENT CURRENTMARKET MARKET
Source of Income Estimated Annualized Operating Data
Allen Roth | 310.387.7087DRE: 1272304 | [email protected] | AllenRoth.com
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. SIR DRE License Number: 899496
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