LOS ANGELES CA 90043 6 NON RENT CONTROLLED UNITS BRAND NEW CONSTRUCTION www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 OFFERING MEMORANDUM
MARKETING PACKAGE OVERVIEW Our mission PRESENTED BY Kenny Stevens Senior Vice President BRE# 01090251 310.968.7005 cell kstevens@concord-re.com Property Highlights Property Details Property Location Aerial Photo Parcel Orientation Photography FINANCIALS Financial Overview Rent Roll COMPARABLES Rent Comps www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
ABOUT US Our world has changed and so has the business of real estate. It s not enough to work with a typical real estate company. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfolio together under one roof, combining corporatecapabilities with a family feel. Concord is the evolution of real estate. We re changing the game and moving above and beyond what you ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so you don t have to. From acquisition to management to construction to the disposition, Concord is elevating your experience every step of the way. 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.
OUR MISSION OUR CLIENTS ENTRUST US WITH SO MANY ASPECTS OF THEIR REAL ESTATE LIFE. OUR MISSION IS TO DUTIFULLY GUIDE THEM, CREATE VALUE AND ACT IN HARMONY WITH THEIR BEST INTEREST. WE PARTNER WITH YOU EVERY STEP OF THE WAY TO ELEVATE YOUR REAL ESTATE EXPERIENCE a different kind of real estate partner.
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.
PROPERTY HIGHLIGHTS BRAND NEW CONSTRUCTION Brand new construction - 2017 certificate of occupancy In the process of lease up 12 surface parking spaces (2 per unit) (6) 3 bedroom 2 bathroom units averaging approximately 1,350 SQ. FT. All upper units have balconies and all units have washer/dryers Separately metered for all utilities, including water Non Rent Controlled Minutes away from New Rams Stadium Walking distance from future Crenshaw/LAX Line
PROPERTY DETAILS PROPERTY DESCRIPTION Concord Real Estate Services proudly presents the offering memorandum for 6514-6518 Brynhurst Avenue. The property is brand new construction with a 2017 certificate of occupancy. The unit mix consists of (6) 3 bedroom 2 bathroom units that average roughly 1,350 square feet. There are 12 surface parking spaces (2 per unit). The property is vacant and has begun the process of lease up. All upper units have balconies and all units have full side by side washer/dryers. The property is separately metered for gas and electricity and water and sits on an 11,368 square foot lot. PROPERTY DETAILS Units (6) 3 Bedroom & 2 Bathroom Major Intersection Brynhurst Ave & Hyde Park Ave Market Park Mesa Heights APN 4006-019-005 Zoning Type LAR3 Lot Size 11,368 SF
PROPERTY LOCATION - CRENSHAW/LAX TRANSIT PROJECT 6514-6518 Brynhurst Ave
PROPERTY LOCATION Westfield Culver City (shopping mall) The Promenade at Howard Hughes Center (Innovative open-air shopping center boasts a range of restaurants, retailers & a multiplex theater) Westchester Fox Hills Ladera Park (16 wooded acres with ball sports, tennis courts, picnic grills, amphitheater & recreation center) Rogers Park (Parkland with a playground, recreation building, as well as wading pool & various sporting fields) Puerto Nuevo Coffee Orleans & York New Orleans Snoballs Hall's Krispy Krunchy Chicken La Louisanne Bonnie B Bakery Sachi Teriyaki House Inglewood Los Angeles Stadium at Hollywood Park (Planned to open in 2020, the stadium will serve as the home to the Los Angeles Rams and Los Angeles Chargers of the National Football League (NFL); it is also scheduled to host Super Bowl LVI in February 2022. The Forum (A multi-purpose indoor arena. The Forum is slated to host the Gymnastics events for the 2028 Summer Olympics) 6514-6518 Brynhurst Ave Hyde Park Edward Vincent Jr Park (This 55-acre park has multiple playgrounds, plus athletic facilities, picnic areas & a pool) Darby Park (Recreation area with playground & areas for picnics, tennis, basketball, skateboards & field sports) Hollywood Park Casino
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FINANCIALS 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.
FINANCIALS VALUATION - $1,950,000
FINANCIALS RENT ROLL
COMPARABLES 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.
COMPARABLES RENT COMPS 6514-6518 Brynhurst Ave Sales Comps 1653 W 83rd St 4022 W 63rd St 3843 W 59th St 900 W Beach Ave 1118 E. Fairview Blvd
COMPARABLES RENT COMPS 6518 Brynhurst Ave, Los Angeles, Ca 90043 Rent $2,350 Unit Type 3 + 2 Year Built 2017 3843 W 59th St, Los Angeles, CA 90043 Rent $2,650 Unit Type 3 + 2 Year Built 1929 1653 W 83rd St, Los Angeles, CA 90047 Rent $2800 Unit Type 3 + 2 Year Built 1932 4 900 W Beach Ave, Inglewood, CA 90302 Rent $2,700 Unit Type 3 + 1 Year Built 1928 4022 W 63rd St, Los Angeles, CA 90043 1118 E. Fairview Blvd, Inglewood, CA 90302 Rent $2,650 Unit Type 3 + 1 Year Built 1927 Rent $1,495 Unit Type 1 + 1 Year Built 1944 Concord currently manages this property
KENNY STEVENS BRE# 01090251 C: 310.968.7005 kstevens@concord-re.com www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 OFFERING MEMORANDUM