3704 Midvale Ave Midvale Ave, Los Angeles, CA Price: $2,799,000

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1 Presented by Coldwell Banker Commercial Marina Del Rey Price: 2,799,000 Linda Light- Coldwell Banker Commercial is proud to present 3704 Midvale Ave, 90034, a 7 unit apartment complex used as 8 units located in West Los Angeles. North of Venice Blvd. East of Sepulveda. This 5,296 sq ft structure was built in 1961 and is situated on a large 7,988 sq. ft. lot. The property has a great unit mix including four 2- bed/1 bath two story townhouse units and four 1- bed/1-bath units. The townhouse unit have a sliding door to their lovely outdoor patio area. Most of the units have been remodeled with granite counters and wood flooring. Property has mostly cooper plumbing, roof is approximately 10 years old. The property has lots of parking with 5 tandem spaces, 2 carport and 1 open space total 13 spaces. Onsite amenities include a laundry room with a washer & dryer. The annualized gross scheduled income is 176,940 plus 360 for laundry total is 177,302. Perfect investment opportunity APN# Unit , Unit , Unit TH 2250, Unit TH 2495, Unit TH 2495, Unit , Unit TH 1975, Unit

2 Linda Light (310) License: Coldwell Banker Commercial Marina Del Rey 450 Washington Boulevard Marina Del Rey, CA Notes Price: 2,799,000 No. Units: 7 Building Size: 5,684 SF Price/Unit: 399, Property Type: Multifamily Property Sub-type: Garden/Low-Rise Property Use Type: Investment Commission Split: 2.5% Cap Rate: 4% Gross Rent Multiplier: Occupancy: 100% No. Stories: 2 Year Built: 1961 Lot Size: 7,990 SF

3 Location Location Description The property is truly in a superb West Los Angeles location near Venice Blvd and adjacent to Culver City. It is located near the corner of Midvale Avenue and Charnock Road in the Palms area of West Los Angeles. The property is just east of the 405 Freeway and just south of the 10 Freeway. The property is in a very convenient Westisde location. Residents can walk to downtown Culver City, which is home to a variety of dining, entertainment, and shopping options. Its close proximity to Culver City Expo line connects Residents to Downtown LA and Santa Monica. Biking distance to Venice Beach.

4 FINANCIAL OVERVIEW - PROJECTIONS Multifamily Building - 8 Units Type of Property: Apartment Unit No. Description Occupancy Rent per Unit Pro Forma Number of Units: 7 (used as 8) 1 1 bd/1 ba Occupied 1, , bd/1 ba Occupied 1, , Purchase Price: 2,799, bd/1 ba TH Occupied 2, , Down Payment: 1,300, bd/1 ba TH Occupied 2, , bd/1 ba TH Occupied 2, , Gross Scheduled Income: 177, bd/1 ba Occupied 1, , Vac. & Credit Loss: 2.0% 3, bd/1 ba TH Occupied 1, , Gross Operating Income: 173, bd/1 ba Occupied 1, , Operating Expenses (approx): 35% 62,056 Net Operating Income: 111,700 Loan Payment 1: 1,500, % 84,900 Total Rent Income: 14,745 15,188 Other Income: Cash Flow: 26,800 Grant Total (Annual): 177, ,610 Cash-On-Cash Return: 2.00% Cap Rate: 4% Gross Rent Multiplier: Cost Per Square Foot: ** Expenses include property taxes estimated at 1.15%, 32, The information is from sources deemed reliable, and in some cases projections and has not been verified. Buyer's responsibility to verify for accuracy and completeness. Linda Light - Broker Associate llight@coldwellbanker.com - CalBRE# Financials

5 REVENUES CURRENT ANNUAL INCOME PROFORMA ANNUAL INCOME Gross Potential Rent 176, , Less: Vacancy Rate Effective Scheduled Rent 176, , Laundry Effective Gross Income 177, , OPERATING EXPENSES Real Estate Taxes 34, Insurance 4, Equipment & Fixtures Cleaning & Maintenance 8, Gardening/Landscaping 1, Office & Accounting 3, Pest Control Miscellaneous 1, Utilities: Gas 1, Sanitation 1, Solid Waste Electric 1, Water 2, Trash 2, TOTAL EXPENSES 65, NET OPERATING INCOME NET CASH FLOW 111, TOTAL RETURN % Expenses Per SF % of EGR NET INCOME STATEMENT Multifamily Building - 8 Units Linda Light - Broker Associate llight@coldwellbanker.com - CalBRE# The information is from sources deemed reliable, and in some cases projections and has not been verified. Buyer's responsibility to verify for accuracy and completeness. Financials