Torrance PO Apartments

Transcription

1 Price Reduced! Torrance PO Apartments Investment Opportunity

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8 1351 W. 228TH Street Worksheet Actual Expenses Actual Income Pro Forma Income *Maintenance ($350 per unit) $5,950 Gardening ($60 per month) $720 **Management (5%) $14,460 Insurance $4,200 New Property Tax (1.25%) $44,375 Electric $1,443 Gas $440 Water and Sewer $7,200 ***Trash $10,830 Total $89,618 Gross Annual Rent $223,740 $289,200 Gross Annual Laundry $2,937 $2,937 Gross Annual Income $226,677 $292,137 Vacancy (2%) $4,475 $5,784 Effective Gross Income (EGI) $222,202 $286,353 Net Operating Income (NOI) $132,584 $196,735 Sales Price $3,550,000 $3,550,000 Price Per Unit $208,824 $208,824 CAP Rate 3.73% 5.54% GRM Price Per Square Foot $ *Maintenance is an estimate based off $350 per unit / per year **Current onsite manager has been on property for 22 years. She is currently reimbursed her full rent ($1,050 per month) for her services. Normal on site fee would be $600 per month. We've combined onsite management fee and offsite property management fee at 5% of gross collected rents. ***Trash is currently picked up 2 times per week but only required to be picked up once per week. New landlord could switch to once per week and reduce annual trash bill to appr. $6,200 per year. Buyer to verify with Athens Waste Disposal.

9 As of: 11/01/ W. 228th Street Rent Roll Unit BD/BA Tenant Status Sq. Ft. Market Rent Rent Deposit Lease From Lease To Move-in 1 1/1.00 Teodoro Current 630 $1, $1, $1, /5/12 11/30/12 5/5/12 2 1/1.00 Azucena Current 630 $1, $1, $1, /18/13 1/31/14 1/18/13 3 1/1.00 Garduno Current 630 $1, $1, $ /1/10 7/31/10 2/1/10 4 2/1.50 Crowley Current 804 $1, $1, $1, /10/10 7/31/10 2/1/10 5 2/1.50 White Current 804 $1, $1, $ /1/07 1/31/08 3/1/95 6 1/1.00 Machida Current 630 $1, $1, $1, /7/13 4/30/14 4/7/13 7 1/1.00 Delgado Current 630 $1, $ $1, /1/12 8/31/13 9/1/12 8 1/1.00 Sarmiento Current 630 $1, $1, $1, /6/13 10/31/14 10/6/13 9 1/1.00 Dexter Current 630 $1, $1, $1, /1/11 10/31/12 11/1/ /1.00 Montesclaros Current 630 $1, $1, $1, /1/12 9/30/13 10/1/12 *11 1/1.00 Wilson Current 630 $1, $1, $1, /3/06 9/2/07 10/1/05 *12 0/1.00 Mitchelle Current 462 $ $ $ /14/12 8/31/14 9/15/ /1.50 Manabat Current 804 $1, $1, $1, /1/15 7/31/16 8/1/ /1.50 Sacdalan Current 804 $1, $1, $1, /1/14 4/30/15 3/1/ /1.50 Gabuten Current 804 $1, $1, $1, /7/11 12/31/12 12/7/ /1.00 Shufford Current 785 $1, $1, $1, /1/15 3/31/16 4/1/ /1.00 Hisatake Current 785 $1, $1, $1, /1/10 10/31/10 5/1/10 17 Units 100.0% Occupied 11,703 $24, $18, $18, *Unit 11 and 12 are rented under HUD Section 8 program. Current rent is $940 and $735. Increases to $1,015 and $800 will take effect on 1/1/2018.

10 1351 W. 228th Street Cashflow Statement Account Name Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Total Operating Income & Expense Income Rent 17, , , , , , , , Rent - Housing Authority 1, , , , , Laundry Machine Income , Total Operating Income 18, , , , , , , , Expense Maintenance-Unrecoverable , Maintenance Supplies Alarm / Fire Monitoring Roof Repair / Materials Plumbing Carpet Cleaning Gardening Management , Insurance , Property Tax 1, , , , , , , , Electricity Gas Water 1, , , , , Trash Disposal 1, , , , , Total Operating Expense 5, , , , , , , , NOI - Net Operating Income 12, , , , , , , ,975.59

11 1351 W. 228th Street Cashflow Statement Account Name Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Total Operating Income & Expense Income Rent 16, , , , , , , , , , , , , Rent - Housing Authority 1, , , , , , , , , Laundry Machine Income , Total Operating Income 17, , , , , , , , , , , , , Expense Maintenance-Unrecoverable , Maintenance Supplies , Roof Repair / Materials Plumbing , , , , Flooring Window / Glass Repairs Cleaning Carpet Cleaning HVAC (Heat, Ventilation, Air) Gardening Management , , Insurance , , Property Tax , , , Electricity , Gas Water 1, , , Trash Disposal , , Postage Advertising & Promotion Total Operating Expense 6, , , , , , , , , , , , , NOI - Net Operating Income 11, , , , , , , , , , , , ,126.52

12 1351 W. 228th Street Cashflow Statement Account Name Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total Operating Income & Expense Income Rent 15, , , , , , , , , , , , , Rent - Housing Authority , , , , , , Laundry Machine Income , Total Operating Income 15, , , , , , , , , , , , , Expense Maintenance-Unrecoverable , Maintenance Supplies , Roof Repair / Materials Plumbing 0 1, , , Flooring Electrical Fence / Wall / Gate Repairs Window / Glass Repairs Cleaning Carpet Cleaning Painting , Gardening , Management , Move In Commission Insurance , Property Tax 1, , , , , , , , , , , , , Electricity , Gas Water 1, , , , Trash Disposal , Office Supplies Postage Advertising & Promotion Total Operating Expense 6, , , , , , , , , , , , , NOI - Net Operating Income 9, , , , , , , , , , , , ,225.75

13 Kevin Kiser Loan Officer Bradley Petersen Agent BRE # BRE # (714) (714) LOAN QUOTE MULTIFAMILY PURCHASE PROPERTY ADDRESS: 1351 W. 228th St. Torrance, CA PURCHASE PRICE $3,550,000 $3,550,000 PROGRAM 3 Year Fixed 5 Year Fixed LOAN AMOUNT $2,300,000 $2,239,000 LTV 65% 63% RATE 5.250% 5.500% NEW RATE AFTER RENTS ARE INCREASED TO MARKET 4.250% 4.500% TERM AMORTIZATION FIXED TERM 5 years 5 years PAYMENTS - PI $12, $12, PREPAYMENT 3-2-1% % PENALTY INDEX 6Mo. Libor 6Mo. Libor LIFE CAP % % DEBT COVERAGE RATIO MORE PROGRAMS AVAILABLE Notes: Programs quoted assume best case loan scenarios with low LTV's and strong DSCR's. 1. Rates and Terms quoted assume strong sponsorship and property financials. 2. Rates, terms and conditions subject to change without notice. 3. Loan may change based upon receipt of the necessary documents. 4. This is a loan quote only and not a commitment to lend. 5. Changes to the LTV and an increase to the Start Rate may apply upon receipt and underwriting of subject loan package. 6. Closing turn times are estimated from the time we recieve all financials.

14 Loan Quote Property Name: Torrance PO Apartments Property Address: 1351 W. 228th Street, Torrance, CA Purchase Price: $3,550,000 Option 1 Option 2 5 Year Fixed 7 Year Fixed Loan Terms Loan Amount $1,450,000 $1,430,000 Interest Rate 3.750% 3.903% Initial Fixed Rate Period 5 years 7 years Monthly Payment $6,715 $6,747 Amortization Period 30 years 30 years Loan Term 30 years 30 years Rate Adjustments (after fixed period) Semi-Annually Semi-Annually Adjustment Index 12 Month LIBOR 6 Month LIBOR Adjustment Margin 2.50% 2.35% Interest Rate Floor Initial Rate Initial Rate Interest Rate Ceiling 9.75% 9.50% Prepayment Penalty 5 years (1.5,1.5,1.5,1,1) 5 years (5,4,3,2,1) Maximum Loan-To-Value 75.00% 55.00% Recourse Yes Yes Assumable Yes Yes Transaction Costs BluePoint Fee 1% of Loan Amount 1% of Loan Amount Lender Fee Waived Waived Lender Processing Fee $3,000 (est.) $2,500 (est.) Third Party Reports $3,000 (est.) Included in Processing Misc Fees (est.) $150 (est.) $150 (est.) Total Estimated Fees $20,650 $16, This is an indicative quote and not to be considered a loan commitment. Terms may fluctuate due to underwriting due diligence, loan approval requirements, and/or changes in market rates. Rates and programs quoted as of August 16, 2017 and are subject to change. Reese Iyer I BluePoint Commercial Mortgage 655 Redwood Hwy, Suite 311, Mill Valley, CA P F reese@bluepointcm.com

15 Demographic Overview 1351 W 228th St Population (1 mi) 37,535 Avg. HH Size (1 mi) 3.1 Avg. Age (1 mi) 39 Med. HH Inc. (1 mi) $66,768 DEMOGRAPHIC RADIUS RINGS DEMOGRAPHIC SUMMARY Population 1 Mile 3 Mile 5 Mile 2017 Population 37, , , Population 38, , ,429 Pop Growth % 2.7% 2.8% 2017 Average Age Households 2017 Households 11,847 70, , Households 12,203 71, ,557 Household Growth % 2.7% 2.7% Median Household Income $66,768 $68,566 $73,122 Average Household Size Average HH Vehicles Housing Median Home Value $475,876 $478,757 $565,008 Median Year Built Copyrighted report licensed to Pay It Forward Realty /1/2017 Page 69

16 Age & Education 1351 W 228th St POPULATION BY AGE GROUP IN 1 MILE RADIUS POPULATION BY AGE IN 1 MILE RADIUS POPULATION BY EDUCATION IN 1 MILE RADIUS Copyrighted report licensed to Pay It Forward Realty /1/2017 Page 70

17 Ethnicity 1351 W 228th St POPULATION BY RACE 2017 Population Race 1 Mile 3 Mile 5 Mile White 20, % 126, % 290, % Black 2, % 13, % 44, % Asian 11, % 61, % 128, % American Indian & Alaskan % 3, % 5, % Hawaiian & Pacific Islander % 3, % 5, % Other 1, % 7, % 18, % 0 4,400 8,800 13,200 17,600 22,000 POPULATION BY RACE IN 1 MILE RADIUS HISPANIC POPULATION IN 1 MILE RADIUS MILITARY POPULATION 2017 Population 1 Mile 3 Mile 5 Mile Military 34 < 1% 64 < 1% 207 < 1% Non-Military Workforce 18, % 108, % 245, % 0 4,000 8,000 12,000 16,000 20,000 Copyrighted report licensed to Pay It Forward Realty /1/2017 Page 71

18 Quick CMA Report Closed Address City Area #Units Sale Type GSI YrBuilt COE Date DOM/CDOM Sqft LSqft $/Sqft Price 1508 W 227th ST TORR STD $110, /05/ /54 4,269 7,199 $ $1,415, W 218th ST TORR STD $116, /08/ /120 5,460 9,000 $ $1,600, Artesia BL TORR STD $114, /28/ /43 4,976 6,260 $ $1,930, Artesia BL TORR STD $114, /28/ /43 4,976 6,266 $ $1,930, Sepulveda BL TORR STD $12, /26/2017 8/8 6,515 9,335 $ $2,300, Plaza Del Amo TORR STD $176, /18/ /98 11,564 14,265 $ $2,620,000 Maximum: 120/120 11,564 14,265 $ $2,620,000 Minimum: 8/8 4,269 6,260 $ $1,415,000 Average: 61/61 6,293 8,721 $ $1,965,833 Median: 49/49 5,218 8,100 $ $1,930,000 Criteria: Property Type is 'Residential Income' Standard Status is 'Closed' Contract Status Change Date is 08/01/2017 to 02/02/2017 City is 'Torrance' Number Of Units Total is 4+ Res Income Quick CMA Page 1 of 1 Printed By Brad Petersen CalBRE: on 8/01/17

19 Multi Map W 227th ST, Torrance ENDING DATE: 04/05/2017 Listing ID: SOLD PRICE: STATUS: Bldg SQFT: LOT SF: SLC: AR $1,415,000 Closed ,199 STD W 218th ST, Torrance ENDING DATE: 03/08/2017 Listing ID: SOLD PRICE: STATUS: Bldg SQFT: LOT SF: SLC: SB $1,600,000 Closed ,000 STD Plaza Del Amo, Torrance ENDING DATE: 04/18/2017 Listing ID: SOLD PRICE: STATUS: Bldg SQFT: LOT SF: SLC: PV $2,620,000 Closed ,265 STD Sepulveda BL, Torrance ENDING DATE: 04/26/2017 Listing ID: SOLD PRICE: STATUS: Bldg SQFT: LOT SF: SLC: SB $2,300,000 Closed ,335 STD Artesia BL, Torrance ENDING DATE: 07/28/2017 Listing ID: SOLD PRICE: STATUS: Bldg SQFT: LOT SF: SLC: SB $1,930,000 Closed ,260 STD

20 Artesia BL, Torrance ENDING DATE: 07/28/2017 Listing ID: SOLD PRICE: STATUS: Bldg SQFT: LOT SF: SLC: SB $1,930,000 Closed ,266 STD CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.

21 Closed List / Sold: $1,480,000 / $1,415, W 227th St Torrance days on the market 7 units $211,429/unit 4,269 sqft 7,199 sqft lot $331.46/sqft Built in 1984 Listing ID: AR Located between Western and Normandie, North of Sepulveda This investment property is located between Western Avenue & Normandie Avenue, and it is North of Sepulveda. It is about a mile away from Meyler Elementary school. It is located in a very convenient location, close by many shops, Banks and restaurants. There are 5 units of 1 bedroom/1 bathroom, 2 units are Studio. Each unit has its own separate electrical and gas meter. 100% tenant occupied! NO RENT CONTROL! All units had been recently upgraded in mid 2016 (upgraded kitchen, bathroom, flooring, new range hood and stove)! Must See! Facts & Features Sold On 04/05/2017 Original List Price of $1,480,000 1 Buildings Levels: Two 0 Total parking spaces Laundry: Community $ Gross Scheduled Income $72834 Net Operating Income 7 electric meters available 7 gas meters available 1 water meters available Interior Exterior Lot Features: Lot Annual Expenses Total Operating Expense: $37,506 Electric: $1, Gas: $1,440 Furniture Replacement: Trash: $3,480 Cable TV: Gardener: Licenses: 250 Sewer: Unknown Insurance: $1,758 Maintenance: $4,680 Workman's Comp: Professional Management: 4200 Water/Sewer: $1,794 Other Expense: Other Expense Description: Unit Details UNITS BEDS BATHS GARAGE FURNISHED? ACTUAL RENT TOTAL RENT PRO FORMA 1: Unfurnished $1,350 $1,350 $1,350 2: Unfurnished $1,350 $1,350 $1,350 3: Unfurnished $1,200 $1,200 $1,200 4: Unfurnished $1,350 $1,350 $1,350 5: Unfurnished $1,395 $1,395 $1,395 6: Unfurnished $1,150 $1,150 $1,150 7: Unfurnished $1,350 $1,350 $1,350 # Of Units With: Separate Electric: 7 Gas Meters: 7 Water Meters: 1 Carpet: Dishwasher: Disposal: Drapes: Patio: Ranges: Refrigerator: Wall AC:

22 Additional Information Standard sale Harbor Gateway area Los Angeles County Parcel # Brad Petersen CalBRE License #: Cell Phone: Pay It Forward Realty 6572 Woodside Circle Huntington Beach, Click arrow to display photos

23 CUSTOMER FULL: Residential Income LISTING ID: AR Printed: 08/01/ :17:41 AM CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.

24 Closed List / Sold: $1,600,000 / $1,600, W 218th St Torrance days on the market 8 units $200,000/unit 5,460 sqft 9,000 sqft lot $293.04/sqft Built in 1980 Listing ID: SB Carson & Western Opportunity to purchase an 8-unit garden style apartment building in Old Town Torrance adjacent. The building has 6 one bedroom/one bath units, and 2 two bedroom/one bath units. This property has been meticulously maintained by the current owners, and rents have been sustained near market. The property offers tenants a gated entrance, parking and laundry on site. The property is located on a quiet street, just off of Western Ave, in a neighborhood consisting of a mix of apartment buildings and single family homes. The property is centrally located in Torrance with convenient access to the 110 and 405 freeways, allowing immediate transit into and out of Torrance. The area consists of high density apartments and single family homes in the Torrance P.O. neighborhood of Harbor Gateway South. Facts & Features Sold On 03/08/2017 Original List Price of $1,600,000 1 Buildings Levels: One 2 Total parking spaces $ Gross Scheduled Income $77168 Net Operating Income 8 electric meters available 8 gas meters available 0 water meters available Interior Exterior Lot Features: Lot , Near Public Transit, Park Nearby Annual Expenses Total Operating Expense: $35,758 Electric: $0.00 Gas: $0 Furniture Replacement: Trash: $2,042 Cable TV: Gardener: Licenses: Sewer: Public Sewer Insurance: $3,187 Maintenance: $2,000 Workman's Comp: Professional Management: 0 Water/Sewer: $0 Other Expense: $8,617 Other Expense Description: Unit Details UNITS BEDS BATHS GARAGE FURNISHED? ACTUAL RENT TOTAL RENT PRO FORMA 1: Unfurnished $6,775 $6,775 $7,800 2: Unfurnished $2,875 $2,875 $3,100 # Of Units With: Separate Electric: 8 Gas Meters: 8 Water Meters: 0 Carpet: Dishwasher: Disposal: Drapes: Patio: Ranges: Refrigerator: Wall AC: Additional Information Standard sale Harbor Gateway area Los Angeles County Parcel #

25 Brad Petersen CalBRE License #: Cell Phone: Pay It Forward Realty 6572 Woodside Circle Huntington Beach, Click arrow to display photos CUSTOMER FULL: Residential Income LISTING ID: SB Printed: 08/01/ :17:41 AM CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.

26 Closed List / Sold: $2,600,000 / $2,620, Plaza Del Amo Torrance days on the market 11 units $236,364/unit 11,564 sqft 14,265 sqft lot $226.57/sqft Built in 1989 Listing ID: PV Western,East on Plaza Del Amo Newer11 sharp income producng units. Non-rent control. All units have monitored fire sprinkler system. Each unit has water heater, 10 units have covered tandem parking spaces and a storage room. Buyer to cooperate with seller to complete a 1031 Tax Differed Exchange. Facts & Features Sold On 04/18/2017 Original List Price of $2,600,000 1 Buildings Levels: Three Or More 10 Total parking spaces Heating: Wall Heater Interior Exterior Lot Features: Back Yard, Front Yard Annual Expenses Total Operating Expense: $54,838 Electric: $2, Gas: $660 Furniture Replacement: Trash: $3,000 Cable TV: Gardener: Licenses: 476 Laundry: Individual Room Cap Rate: 4.68 $ Gross Scheduled Income $ Net Operating Income 11 electric meters available 11 gas meters available 1 water meters available Appliances: Water Heater Unit Sewer: Public Sewer Insurance: $3,444 Maintenance: $2,000 Workman's Comp: Professional Management: 0 Water/Sewer: $6,610 Other Expense: $1,620 Other Expense Description: Fire sys Unit Details UNITS BEDS BATHS GARAGE FURNISHED? ACTUAL RENT TOTAL RENT PRO FORMA 1: Partially $7,829 $7,829 $9,600 2: Partially $5,900 $5,900 $7,200 3: Furnished $800 $800 $950 # Of Units With: Separate Electric: 11 Gas Meters: 11 Water Meters: 1 Carpet: 11 Dishwasher: Disposal: Drapes: Patio: Ranges: 11 Refrigerator: 11 Wall AC: Additional Information Standard sale Harbor Gateway area Los Angeles County Parcel #

27 Brad Petersen CalBRE License #: Cell Phone: Pay It Forward Realty 6572 Woodside Circle Huntington Beach, Click arrow to display photos CUSTOMER FULL: Residential Income LISTING ID: PV Printed: 08/01/ :17:41 AM CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.

28 Closed Apartment List / Sold: $2,295,000 / $2,300, Sepulveda Bl Torrance days on the market 10 units $229,500/unit 6,515 sqft 9,335 sqft lot $353.03/sqft Built in 1964 Listing ID: SB on Sepulveda between Cabrillo and Arlington Pride of ownership professionally managed 10 unit. One block from Gramercy Park and five blocks from Wilson Park Excellent location in central Torrance. Walking distance to Torrance High School Facts & Features Sold On 04/26/2017 Original List Price of $2,295,000 1 Buildings 10 Total parking spaces Cap Rate: 4.4 $12070 Gross Scheduled Income $8670 Net Operating Income 11 electric meters available 11 gas meters available 1 water meters available Interior Exterior Lot Features: Corner Lot, Front Yard, Landscaped, Lot Shape- Rectangular, Lot-Level/Flat Annual Expenses Total Operating Expense: $41,700 Electric: $ Gas: $1,500 Furniture Replacement: Trash: $2,300 Cable TV: Gardener: Licenses: Sewer: Sewer Paid Insurance: $2,400 Maintenance: Workman's Comp: Professional Management: 4700 Water/Sewer: $1,100 Other Expense: Other Expense Description: Unit Details UNITS BEDS BATHS GARAGE FURNISHED? ACTUAL RENT TOTAL RENT PRO FORMA 1: Unfurnished $12,070 $12,070 $15,000 # Of Units With: Separate Electric: 11 Gas Meters: 11 Water Meters: 1 Carpet: Dishwasher: Disposal: Drapes: Patio: Ranges: Refrigerator: Wall AC: Additional Information Standard sale Central Torrance area Los Angeles County Parcel # Brad Petersen CalBRE License #:

29 Pay It Forward Realty 6572 Woodside Circle Huntington Beach, Cell Phone: Click arrow to display photos CUSTOMER FULL: Residential Income LISTING ID: SB Printed: 08/01/ :17:41 AM CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.

30 Closed Apartment List / Sold: $1,995,000 / $1,930, Artesia Bl Torrance days on the market 8 units $249,375/unit 4,976 sqft 6,260 sqft lot $387.86/sqft Built in 1958 Listing ID: SB between Prairie and Yukon Updated 8 unit building with great unit mix. New copper plumbing, sewer lines, courtyard setting, laundry room. NO RENT CONTROL! Interior units have laminate floors, carpet in bedrooms and tile in baths and granite counter tops in kitchens. Each unit comes with its own stove and refrigerator. Facts & Features Sold On 07/28/2017 Original List Price of $1,995,000 1 Buildings Levels: Two 5 Total parking spaces Heating: Wall Heater Interior Exterior Lot Features: Near Public Transit Security Features: Security Lights, Smoke Detector Annual Expenses Total Operating Expense: $37,007 Electric: $1, Gas: $0 Furniture Replacement: Trash: $715 Cable TV: Gardener: Licenses: 243 Laundry: Individual Room Cap Rate: 3.9 $ Gross Scheduled Income $77643 Net Operating Income 5 electric meters available 5 gas meters available 9 water meters available Other Interior Features: Copper Plumbing Partial Sewer: Public Sewer Insurance: $2,004 Maintenance: $3,950 Workman's Comp: Professional Management: 4560 Water/Sewer: $1,185 Other Expense: Other Expense Description: Unit Details UNITS BEDS BATHS GARAGE FURNISHED? ACTUAL RENT TOTAL RENT PRO FORMA 1: Unfurnished $1,600 $1,600 $1,700 2: Unfurnished $825 $825 $950 3: Unfurnished $1,100 $1,100 $1,300 4: Unfurnished $1,450 $1,450 $1,700 5: Unfurnished $850 $850 $950 6: Unfurnished $1,200 $1,200 $1,450 7: Unfurnished $1,500 $1,500 $1,700 8: Unfurnished $750 $750 $950 # Of Units With: Separate Electric: 5 Gas Meters: 5 Water Meters: 9 Carpet: Dishwasher: Drapes: Patio: Ranges: 8 Refrigerator: 8 Wall AC:

31 Disposal: Additional Information Standard sale N Torrance - West area Los Angeles County Parcel # Brad Petersen CalBRE License #: Cell Phone: Pay It Forward Realty 6572 Woodside Circle Huntington Beach, Click arrow to display photos

32 CUSTOMER FULL: Residential Income LISTING ID: SB Printed: 08/01/ :17:41 AM CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.

33 Closed Apartment List / Sold: $1,995,000 / $1,930, Artesia Bl Torrance days on the market 8 units $249,375/unit 4,976 sqft 6,266 sqft lot $387.86/sqft Built in 1958 Listing ID: SB Between Yukon and Prairie Updated 8 unit building with great unit mix. New copper plumbing, sewer lines, courtyard setting, laundry room. NO RENT CONTROL! Interior units have laminate floors, carpet in bedrooms and tile in baths and granite counter tops in kitchens. Each unit comes with its own stove and refrigerator. Facts & Features Sold On 07/28/2017 Original List Price of $1,995,000 1 Buildings Levels: Two 5 Total parking spaces Heating: Wall Heater Interior Exterior Lot Features: Near Public Transit Security Features: Smoke Detector Annual Expenses Total Operating Expense: $37,007 Electric: $1, Gas: $0 Furniture Replacement: Trash: $715 Cable TV: Gardener: Licenses: 243 Laundry: Individual Room Cap Rate: 3.9 $ Gross Scheduled Income $77643 Net Operating Income 5 electric meters available 5 gas meters available 9 water meters available Other Interior Features: Copper Plumbing Partial Sewer: Public Sewer Insurance: $2,004 Maintenance: $3,950 Workman's Comp: Professional Management: 4560 Water/Sewer: $1,185 Other Expense: Other Expense Description: Unit Details UNITS BEDS BATHS GARAGE FURNISHED? ACTUAL RENT TOTAL RENT PRO FORMA 1: Unfurnished $1,450 $1,450 $1,700 2: Unfurnished $725 $725 $950 3: Unfurnished $1,300 $1,300 $1,300 4: Unfurnished $1,500 $1,500 $1,700 5: Unfurnished $850 $850 $950 6: Unfurnished $1,300 $1,300 $1,450 7: Unfurnished $1,450 $1,450 $1,700 8: Unfurnished $725 $725 $950 # Of Units With: Separate Electric: 5 Gas Meters: 5 Water Meters: 9 Carpet: Dishwasher: Drapes: Patio: Ranges: 8 Refrigerator: 8 Wall AC:

34 Disposal: Additional Information Standard sale N Torrance - West area Los Angeles County Parcel # Brad Petersen CalBRE License #: Cell Phone: Pay It Forward Realty 6572 Woodside Circle Huntington Beach, Click arrow to display photos

35 CUSTOMER FULL: Residential Income LISTING ID: SB Printed: 08/01/ :17:41 AM CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.