P R O U D L Y P R E S E N T S 1145 S. New Hampshire Ave Los Angeles Ca, Offered at: $2,495,000 CAP: 5.8% - GRM: 12.98

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Grant Tyler
5 years ago
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C E N T R A L R E A L T Y A D V I S O R S is pleased to present New Hampshire Villas, an immaculately maintained 12 unit apartment

This secure-entry building features eight Studio apartments, and four one-bedroom apartments, filled with top of the line finishes

This character asset has been stabilized with a new roof and with 10 of the 12 units achieving near market rents.

$20,000 of annual rental upside, providing the astute investor the opportunity to capture significant rental upside & accelerated

1 C E N T R A L R E A L T Y A D V I S O R S is pleased to present New Hampshire Villas, an immaculately maintained 12 unit apartment complex, located in the bustling Koreatown district, featuring a notable +/- 5.8% CAP RATE. This secure-entry building features eight Studio apartments, and four one-bedroom apartments, filled with top of the line finishes including stainless steel appliances, air conditioning units, and much more, designed for the most discerning of tenants. This character asset has been stabilized with a new roof and with 10 of the 12 units achieving near market rents. In addition, there is approx. $20,000 of annual rental upside, providing the astute investor the opportunity to capture significant rental upside & accelerated appreciation, all featured in a stabilized, turn-key asset, situated in a booming submarket. Units are individually metered for both gas and electricity and each have their own water heaters. Tenants enjoy easy access to public transportation as well as hip eateries such as Le Comptoir, Taylor's Steakhouse & The Walker Inn.

The subject property features 10 refinished

mix of 4 one-bedroom units and 8 Studio units.

Angeles, Ca 90006 UNIT COUNT: 8 Studio, 4

APN: 5078-026-012 OCCUPANCY: 100% STORIES: 2

2 The subject property features 10 refinished units, with 12 units total; offering a unique mix of 4 one-bedroom units and 8 Studio units. P R O P E R T Y S U M M A R Y ADDRESS: Los Angeles, Ca UNIT COUNT: 8 Studio, 4 One-Bedroom. 12 total. APN: OCCUPANCY: 100% STORIES: 2 GROSS BUILDING AREA: 6,710 SITE AREA: 5,467 YEAR BUILT: 1929 ZONED: LAR4

C I A L S U M M A R Y PRICE: $2,495,000 CAP Rate: 5.78% GRM: 12.

3 U N I T A M E N I T I E S Stainless Steel Appliances Fully Refinished Kitchens and Bathrooms New Heating and Air New Flooring and Windows F I N A N C I A L S U M M A R Y PRICE: $2,495,000 CAP Rate: 5.78% GRM: GROSS INCOME: $192,216 OPERATING EXPENSES: $48,132 NET OPERATING INCOME: $144,084 UPSIDE: +/- 12%

4 F I N A N C I A L A N A L Y S I S: (ACTUAL) ITEM MONTHLY ANNUAL Property Taxes $2,600 $31,200 Electric $85 $1,020 Gardner $75 $900 Trash / Sewer $148 $1,776 Water $180 $2,160 Insurance $273 $3,276 Maintenance $150 $1,800 Management $500 $6,000 Gross Income $16,018 $192,216 Total Expense $4,011 $48,132 Net Income: $12,007 $144,084

5 F I N A N C I A L A N A L Y S I S: PRO-FORMA CAP RATE: 6.8% GRM: ITEM MONTHLY ANNUAL Property Taxes $2,600 $31,200 Electric $85 $1,020 Gardner $75 $900 Trash / Sewer $148 $1,776 Water $180 $2,160 Insurance $273 $3,276 Maintenance $150 $1,800 Management $500 $6,000 Gross Income $18,200 $218,400 Total Expense $4,011 $48,132 Net Profit $14,189 $170,268

6 F I N A N C I A L A N A L Y S I S: RENT ROLL UNIT DEPOSIT RENT PAID MOVE-IN BEDROOM 1 $ Bedroom 2 $1400 Studio 3 $1350 Studio 4 $1350 Studio 5 $1350 Studio 6 $ Bedroom 7 $ Bedroom 8 $1285 Studio 9 $1350 Studio 10 $1350 Studio 11 $504 Studio 12 $ Bedroom TOTAL: $16,018

7 L O C A T I O N O V E R V I E W L O C A T I O N D E T A I L S: 4.6 mi to Downtown 4.9 mi to Hollywood 5.1 mi to Dodger Stadium 7.2 mi to Beverly Hills 13.1 mi to Pasadena 14.1 mi to Santa Monica CENTRAL REALTY ADVISORS, Inc. has made every effort to obtained the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. The above is general and should serve you well; however we do not and cannot guarantee the information herein. If you have any questions, consult your Real Estate Attorney. All projections and measurements are estimates.

ASHWOOD AVE LOS ANGELES, CA OFFERING MEMORANDUM Ashwood Ave Los Angeles, CA 90066

ASHWOOD AVE LOS ANGELES, CA OFFERING MEMORANDUM Ashwood Ave Los Angeles, CA 90066 -------------------- OFFERING MEMORANDUM 3792 ASHWOOD AVE LOS ANGELES, CA 90066 7 UNITS IN MAR VISTA SHORT BIKE RIDE TO VENICE BEACH MARKETING PACKAGE OVERVIEW PRESENTED BY Kenny Stevens BRE# 01090251