OFFERING MEMORANDUM 5875 E. MAKEE AVE LOS ANGELES CA 90001

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DANIELLE HOSTON WRIGHSTER C: 323.639.0332 O: 818.432.

1 OFFERING MEMORANDUM 5875 E. MAKEE AVE LOS ANGELES CA HOSTON AND ASSOCIATES INC. DANIELLE HOSTON WRIGHSTER C: O: DRE # STEVEN EJIOFOR DRE #

2 CONTENTS 1.) PROPERTY INFORMATION Location Map & Description Property Photo & Description Parcel Map 2.) PROPERTY ANALYSIS Financial Overview Rent Roll HOSTON AND ASSOCIATES INC. DANIELLE HOSTON WRIGHSTER C: O: DRE # STEVEN EJIOFOR DRE #

3 PROPERTY DESCRIPTION

OPPORTUNITY! 3 Units located in historical Florence-Graham area of LA COUNTY.

2.5 Bath newly constructed units in rear.

laminate hardwood flooring, tiled bathrooms, new kitchen soft closing

bathrooms and more! Duplex in rear has a 2018 Certificate of Occupancy.

cabinetry, quartz countertops, new fixtures, built-in fire sprinklers, and

electricity and water with separate tankless water heaters.

4 PROPERTY DESCRIPTION 5875 E. M A KE E A V E L O S A N G EL ES C A GREAT OWNER/USER INVESTMENT OPPORTUNITY! 3 Units located in historical Florence-Graham area of LA COUNTY. This property consists of a 3 Bedroom + 2 bath SFR in front and two 4 Bedroom 2.5 Bath newly constructed units in rear. Front house has an open floor plan and has been completely remodeled with new laminate hardwood flooring, tiled bathrooms, new kitchen soft closing cabinetry, quartz countertops, laundry hookups next to kitchen, tiled bathrooms and more! Duplex in rear has a 2018 Certificate of Occupancy. Both units are townhouse style and have an open floor plan on the first floor and bedrooms on the 2nd floor. They are tastefully remodeled and are complete with brand new windows, new laminate hardwood flooring, tiled bathrooms, new kitchen soft closing cabinetry, quartz countertops, new fixtures, built-in fire sprinklers, and more! All units have central A/C and heat and are separately metered for gas, electricity and water with separate tankless water heaters. Separate house meter for the exterior lights. ALMOST NO EXPENSES for new owner. Six (6) car garage in rear for parking also equipped with built in fire sprinklers. New owner can keep the garage for parking or possibly convert the garage to an ADU. Drought landscaping around exterior of the property and LED lighting fixtures throughout interior and exterior of building. *Square footage and units shown as per construction records. Buyer to conduct own investigations E. MAKEE AVE

5,545 SF 6,394 SF $221.82 $410,000 $192.37 5.65% 12.

5 PROPERTY DESCRIPTION 5875 E. MAKEE AVE LOS ANGELES CA Price: Assessor s Parcel Number: Building Size: Lot Size: Price / NRSF: Price / Unit ($): Price / Lot SF: CAP Rate: GRM: $1,230, ,545 SF 6,394 SF $ $410,000 $ % YEAR BUILT # OF UNITS RSF Parking Laundry Sep Metered ,545 Yes N/A Yes Indiv Water Heater Yes

6 PROPERTY PHOTOS E. M A KE E A V E L O S A N G EL ES C A

7 PROPERTY PHOTO AND PARCEL MAP 5875 E. MAKEE AVE LOS ANGELES CA 90001

8 PROPERTY ANALYSIS

9 FINANCIAL OVERVIEW 5875 E. MAKEE AVE LOS ANGELES CA INVESTMENT HIGHLIGHTS LA COUNTY ALL UNITS CURRENTLY VACANT LOW EXPENSES DUPLEX C OF O DATED 2018 INVESTMENT SUMMARY ESTIMATED ANNUAL EXPENSE Price: Down Payment: Down Payment: Units: $1,230,000 $307,500 25% 3 ITEM Taxes: Insurance AMOUNT $16,605 $3,050 Year Built: 1924 Utilities: N/A Approx Lot Size: Approx Bldg NRSF: Price / NRSF Price / Lot SF: Price / Unit: Expense / NRSF: Expense / Unit: 6,394 SF 5,545 SF $ $ $410,000 $4.89 $9,048 Rubbish: Maint & Rep s: Mngr. (off-site): Mngr. (on-site): Misc./Reserve: Landscape: ***Expenses are Estimated N/A $3,984 $3,984 N/A $750 N/A GRM: CAP: Cash on Cash: ProForma % 3.30% TOTAL EXPENSES: Expense / NRSF: Expense / Unit: $28,373 $5.12 $9,458

RENT ROLL 5875 E. MAKEE AVE LOS ANGELES CA 90001 UNIT # TYPE OF UNIT RENT COMMENTS 1 2 3 3 + 2 4 + 2.5 4 + 2.

10 RENT ROLL 5875 E. MAKEE AVE LOS ANGELES CA UNIT # TYPE OF UNIT RENT COMMENTS $2,500 $2,900 $2,900 vacant vacant vacant Monthly Gross Income: $8,300 Other Income: N/A Annual Gross Income: $8,300

11 >> DANIELLE HOSTON WRIGHSTER HOSTON & ASSOCIATES, INC. C: O: DRE Lic# >> STEVEN EJIOFOR DRE Lic#

For SALE. DAVID KAUFMAN Lic # [E] [P] (818) [A] Ventura Boulevard, Suite 200 Sherman Oaks, CA 91403

For SALE. DAVID KAUFMAN Lic # [E] [P] (818) [A] Ventura Boulevard, Suite 200 Sherman Oaks, CA 91403 For SALE David B. Kaufman C: (310) 877-8600 E: david@tamarackres.com DRE Lic #01217537 Multi-Family Operating Information 5500-04 Barton Ave., Los Angeles CA 90038 APN#5535-008-012 SUMMARY ANNUALIZED OPERATING