11921 GOSHEN AVE LOS ANGELES CA 90049

Transcription

1 LOS ANGELES CA UNITS NORTH OF WILSHIRE IN PRIME BRENTWOOD Kenny Stevens BRE# cell kstevens@concord-re.com OFFERING MEMORANDUM

2 MARKETING PACKAGE OVERVIEW PRESENTED BY Kenny Stevens BRE# cell LOCATION OVERVIEW Market Overview PROPERTY SUMMARY Property Highlights Property Details Aerial Photo Parcel Orientation Photography FINANCIALS Financial Overview Rent Roll COMPARABLES Sales Comps Rent Comps

3 LOCATION LOS ANGELES CA This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

4 LOCATION LOCATION OVERVIEW BRENTWOOD, CALIFORNIA Goshen Ave, is located on the Westside between Westwood and Santa Monica in Brentwood, one of L.A.'s most affluent neighborhoods. Though it sits alongside the hustle and bustle of Santa Monica, Brentwood maintains a neighborhood vibe. Quaint shops are its calling card and long-time residents greet one another on the area's many running paths and trails, lending a sense of stability and familiarity. Tree-lined streets with well-tended homes in a range of architectural styles stretch up into the hills. The main artery, San Vicente Boulevard, features classy Italian eateries and warm cafes, plus the historic Brentwood Country Mart, a family-friendly retail hub. The Getty Center museum, a cultural, architectural and botanical wonder designed by famed architect Richard Meier is a 24-acre hilltop campus that boasts a world-class art collection and expansive city views. The Brentwood Farmers Market, one of the best in LA, draws people from all over the city. For the active types, Brentwood has it all, you are minutes away from The Brentwood Country Club, The Riviera Country Club, Will Rogers Park, and Mandeville Canyon Road which is LA's premier destination for bikers. The property is situated just north of Wilshire Blvd and south of San Vicente Blvd in the heart of Brentwood. The best shopping, restaurants, and entertainment that Brentwood has to offer is all within walking distance of this property.

5 LOCATION LOCATION OVERVIEW Goshen Ave

6 LOCATION LOCATION OVERVIEW Riviera Country Club Amici Brentwood Montana Ave Brentwood Art Center The Farms Bellacures Forma Williams-Sonoma Margo s Bardonna Spazio Caffe Kye s Kiehl's Brentwood Country Mart Calypso St. Barth Christian Louboutin Edelweiss Chocolates Intermix James Perse Jenni Kayne Sweet Rose Ice Cream Farmshop Caffe Luxxe A Votre Santé Holy Cow BBQ Brentwood Country Club Brentwood Village Madison Brentwood Village Peppone Restaurant Belwood Bakery Permanent Vacation YogaFit Studios Cafe Brentwood Brentwood Restaurant & Lounge ZIBA Jewelry Kreation Organic Juicery Lemonade Restaurant the yogurt shoppe Whole Foods Market Wilshire Blvd Cabo Cantina Q's Billiard Club & Restaurant CorePower Yoga Bandera The Palace Seafood & Dim Sum YogaWorks Brentwood Ralphs CVS Sushi Sasabune Literati Café Bar Food Coco Ichibanya Amandine Patisserie Cafe Veterans Barrington Park Goshen Ave MacArthur Field San Vicente Blvd Sugarfish Coral Tree Café Takao Tavern Restaurant Taiko Restaurant Katsuya Brentwood Toscana Orangetheory Fitness Soul Cycle Drybar SusieCakes Zumani Nail & Hair Spa Rag & Bone Susan Foster Jewelry Sweetgreen Beautique Ibeautique La Scala Vincenti Ristorante

7 PROPERTY SUMMARY LOS ANGELES CA This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

8 PROPERTY SUMMARY PROPERTY HIGHLIGHTS 8 UNITS IN PRIME BRENTWOOD Excellent Brentwood location, north of Wilshire Blvd Bright and tranquil community sun deck and garden Walk to shops, restaurants, and markets Bright spacious units with natural light, large living rooms, walk-in closets Some units have balconies or patios Units 1 and 4 have central air and heat 9 parking spaces On-site laundry Easy access to 405 and 10 Freeways and public transportation

9 PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION Goshen Ave, a charming Mid-century complex located north of Wilshire in Brentwood. Situated on a 7,874 Sq. Ft. lot, the property has 8 units and 9 parking spaces. The unit mix is comprised of (2) 3+2 s, (2) 2+2 s, (2) 1+1's and (2) singles. Some units have balconies or patios as well as central air and heat. A bright tranquil sundeck is a relaxing oasis that tenants love. The best shopping, restaurants, and entertainment that Brentwood has to offer is all within walking distance of this property. PROPERTY DETAILS Units 8 Major Intersection Between Bundy Dr and S Westgate Ave Market Los Angeles / Brentwood APN Zoning Type LAR3 Building SF 6,700 Lot Size SF 7,874

10 PROPERTY SUMMARY PROPERTY AERIAL Kiowa Ave Goshen Ave

11 PROPERTY SUMMARY PARCEL ORIENTATION

12 PROPERTY SUMMARY PROPERTY PHOTOS

13 PROPERTY SUMMARY PROPERTY PHOTOS

14 PROPERTY SUMMARY PROPERTY PHOTOS

15 PROPERTY SUMMARY PROPERTY PHOTOS

16 PROPERTY SUMMARY PROPERTY PHOTOS

17 PROPERTY SUMMARY PROPERTY PHOTOS

18 PROPERTY SUMMARY PROPERTY PHOTOS

19 PROPERTY SUMMARY PROPERTY PHOTOS

20 FINANCIALS LOS ANGELES CA This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

21 FINANCIALS INVESTMENT - $3,980,000

22 FINANCIALS RENT ROLL

23 COMPARABLES LOS ANGELES CA This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

24 COMPARABLES SALES COMPS Goshen Ave Sales Comps 925 S Barrington Ave 986 S Barrington Ave Darlington Ave Mayfield Ave Darlington Ave

25 1 COMPARABLES SALES COMPS Goshen Ave, Los Angeles, CA UNITS UNIT TYPE 2 3 Bed/ 2 Bath 2 2 Bed/ 2 Bath 2 1 Bed/ 1 Bath 2 Single Comments: Subject Property LISTED FOR $3,980,000 # OF UNITS 8 LOT SF 7,874 BUILDING SF 6,700 PRICE/SF $594 PRICE/UNIT $497,500 YEAR BUILT S Barrington Ave Los Angeles, CA UNITS UNIT TYPE 3 3 Bed/ 2 Bath 2 2 Bed/ 2 Bath 6 2 Bed/ 1 Bath 986 S Barrington Ave Los Angeles, CA UNITS UNIT TYPE 2 2 Bed/ 1 Bath 6 1 Bed/ 1 Bath SALE PRICE $3,695,000 COE 3/9/2016 # OF UNITS 9 LOT SF BUILDING SF 8,833 PRICE/SF $418 PRICE/UNIT $410,556 YEAR BUILT 1958 Comments: Inferior location to subject. Better unit mix. Similar age and size. Sold 1.5 years ago. Very large units. SALE PRICE $3,000,000 COE 9/2/2016 # OF UNITS 8 LOT SF 5,001 BUILDING SF 6,739 PRICE/SF $445 PRICE/UNIT $375,000 YEAR BUILT 1961 Comments: Inferior location to subject. Inferior unit mix. Similar age, # of units, & size. Sold 1 year ago Darlington Ave Los Angeles, CA UNITS UNIT TYPE 2 3 Bed/ 2 Bath 3 2 Bed/ 1 Bath 1 1 Bed/ 1 Bath Comments: Similar location, unit mix, & age. Huge units Mayfield Ave Los Angeles, CA UNITS UNIT TYPE 1 3 Bed/ 2 Bath 5 2 Bed/ 1 Bath 2 1 Bed/ 1 Bath UNITS UNIT TYPE 3 2 Bed/2 Bath 4 Studio SALE PRICE $3,350,000 COE 4/19/2016 # OF UNITS 6 LOT SF 7,979 BUILDING SF 6,743 PRICE/SF $ PRICE/UNIT $558,333 YEAR BUILT 1967 SALE PRICE $3,120,000 COE 3/9/2016 # OF UNITS 8 LOT SF 7,501 BUILDING SF 7,120 PRICE/SF $438 PRICE/UNIT $390,000 YEAR BUILT 1955 Comments: Similar location, # of units, size. No curb appeal. Sold 1.5 years ago by a Residential Agent Darlington Ave Los Angeles, CA SALE PRICE $2,950,000 COE 7/21/2017 # OF UNITS 7 LOT SF 7,349 BUILDING SF 6,477 PRICE/SF $455 PRICE/UNIT $421,429 YEAR BUILT 1965 Comments: Similar location, age, # of units. Inferior unit mix. Sold in July.

26 COMPARABLES RENT COMPS Goshen Ave Rent Comps Dorothy St 1317 S Westgate Ave Goshen Ave Goshen Ave Darlington Ave Darlington Ave 922 S Barrington Ave

27 COMPARABLES RENT COMPS Goshen Ave Los Angeles, CA Comments: Subject Property Dorothy St Los Angeles, CA UNIT TYPE RENT $2,881-$3,405 UNIT TYPE RENT $2,594-$3,200 UNIT TYPE RENT $1,853-$1,948 UNIT TYPE Single RENT $1,340-$1,517 RENT $4,495 UNIT SIZE 1,200 SQ.FT. UNIT TYPE Goshen Ave Los Angeles, CA RENT $3,345 UNIT SIZE N/A UNIT TYPE Comments: Remodeled upper corner unit with shared laundry and carport parking Darlington Ave Los Angeles, CA RENT $2,200 UNIT SIZE 900 SQ.FT. UNIT TYPE Comments: Centrally located in downtown Brentwood, close to shopping, restaurants and to the 405. AC, BBQ courtyard area, gated subterranean parking 1317 S Westgate Ave Los Angeles, CA RENT $3,995 UNIT SIZE N/A UNIT TYPE Comments: Features a private balcony and laminate flooring throughout. Includes one parking spot Darlington Ave Los Angeles, CA RENT $1,745 UNIT SIZE N/A UNIT TYPE Bachelor Comments: 3 Story contemporary elevator building w/ roof deck. Brand new remodel w/ hardwood floors, balcony, washer & dryer Goshen Ave Los Angeles, CA RENT $3,400 UNIT SIZE 1,547 SQ.FT. UNIT TYPE Comments: Remodeled Bachelor, granite counter tops, SS appliances, laminate vinyl flooring. Owner pays for trash & water. Tenant pays gas & electricity. 922 S Barrington Ave Los Angeles, CA RENT $2,295 UNIT SIZE 1,000 SQ.FT. UNIT TYPE Comments: Front spacious unit w/ hardwood floors and big balcony. Comments: Unit has hardwood floors throughout living and dining room with tile in kitchen. Granite countertops and stainless steel appliances.

28 Kenny Stevens BRE# D: South Beverly Drive, First Floor, Beverly Hills, CA OFFERING MEMORANDUM