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

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Barry Ross
5 years ago
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1 For SALE

David B. Kaufman C: (310) 877-8600 E: david@tamarackres.com DRE Lic #01217537 Multi-Family Operating Information 5500-04 Barton Ave.

2 David B. Kaufman C: (310) E: DRE Lic # Multi-Family Operating Information Barton Ave., Los Angeles CA APN# SUMMARY ANNUALIZED OPERATING DATA Scheduled Gross Income: Less Vacancy Rate Reserve: Gross Operating Income: Less Expenses: Net Operating Income: Less Loan Payments: Pre-Tax Cash Flow: Plus Principal Reduction: Total Return Before Taxes: Price: 1,600,000 Down Payment: 34% 550,000 Number of Units: 5 PROPOSED FINANCING Cost per Legal Unit: Current GRM: Market GRM: Current CAP: Market CAP: 320, % 6.28% New First Loan: Interest Rate: Amortization Monthly Payment: DCR 1,050, % 30 5,320 (1.25) Year Built 1921 Approx. Lot Size (SF): 8,599 Approx. Gross (SF): 2,816 Cost per Net GSF: CURRENT RENTS MARKET RENTS 116, ,300 (2,916) 2.5% (7,065) 5.0% 113,712 (33,771) 29.0% 134,235 (33,771) 23.9% 79,942 (63,842) 16, % * 100,464 (63,842) 36, % * 17,211 33, % * 17,211 53, % * SCHEDULED INCOME No. of Units Bdrms/ Baths Appro x. SF CURRENT RENTS Monthly Rent/ Unit Monthly Income MARKET RENTS Montly Rent/Unit Monthly Income Maintenance N/A 1,114-2,195 6,724 2,195 8,780 Contract Services ESTIMATED ANNUALIZED EXPENSES Taxes: Rate 1.08% 18,907 Insurance 2,000 Utilities 2, House N/A 2,995 2,995 2,995 2,995 Off-site Manager 4% General & Admin 3% 3,499 1,200 4,665 1,500 Total Scheduled Rent: Laundry & Storage: Misc: SCEP & Parking - - Total Expenses: 33,771 Monthly Scheduled Gross Income: 9,719 11,775 Per Net Sq. Ft.: Annual Scheduled Rent: 116, ,300 Per Unit: 2,251 Annual Scheduled Gross Income: 9, ,628 11, ,300 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. References to square footage or age are approximate. Buyer to verify the information and bears all risk for any inaccuracies.

3 Financial Summary RENT ROLL UNIT NUMBER UNIT TYPE CURRENT RENT MARKET RENT NOTES House 2,995 2,995 Remodeled ,114 2, / ,220 2, ,195 2,195 Will be delivered vacant / ,195 2,195 Remodeled TOTAL 9,719 11,775 UNIT MIX APT. AVG RENT/SF CURRENT House 1 Monthly 3.45 Annual 4.18 * Square footage is approximate. 2

4 Property Description Number of Units Year Built 1921 Approximate Gross SF Approximate Lot Size Zoning Parking Utilities Construction Electrical / Plumbing & Roof 5 2,816 SF 8,599 SF LARD1.5 3 enclosed garage & 5 car open spaces Separately metered for electric & gas 2 story wood frame / stucco Systems are functioning SUMMARY This extremely well located and charming Spanish style fourplex plus small house has been partially remodeled and sits on a large 8,599 square foot lot. The property is just west of Western between Santa Monica Boulevard and Melrose in the east part of Hollywood within walking distance to all the new trendy restaurants on Santa Monica Boulevard, like The Burgerarian, Baroo and Tlayuda L.A. The main building has four one-bedroom units, with one being delivered vacant. The 2+1 house in the rear of the property has been substantially remodeled and features hardwood flooring, stainless steel appliances, washer/dryer, new flooring, tile and other upgrades. There are three enclosed garages plus at least five spaces for open parking for tenants. The utilities are separately metered for both gas and electric. This is a tremendous opportunity to purchase a wellmaintained, cute bungalow-style complex in a location that continues to improve at a good in-going CAP rate. The immediate area is rapidly improving with a brand new eight unit development across the street. INVESTMENT HIGHLIGHTS Great East Hollywood Location X Current Gross 5.0% CAP Rate Charming Spanish Architecture 3 Enclosed Garages & Ample Open Parking Large 8,599 Square Foot Lot 3

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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 SUMMARY Very well located triplex in Echo Park. Has large parking lot off Echo Park Blvd with extra parking income; Tuck Under Seismic Retrofit work has all been completed ANNUALIZED OPERATING