South El Monte Trailer Park For Sale 9561 Garvey Ave., South El Monte, CA 91733 Offering Memorandum Investment Highlights Actual Photo Actual Photo v Trailer Park + Bonus 910 SF Income Producing Retail Shop Available For Sale in the City of South El Monte Trailer Park v 24 Units + Retail (Current Barber Shop) on 25,530 SF of Land v Offered at Just Under a 7.75 CAP and Just Under 7.5 X Gross Retail v Located 1.5 Blocks E of Rosemead Blvd. & Garvey Ave., Less Than 2 Miles S From the 10 Freeway Garvey Ave. v Enhanced Location Provides Tenants with Close Proximity to Shopping, Eateries, a Target/CVS Anchored Retail Center and the Whittier Narrows Golf Course
Investment Summary Actual Photo BRC Advisors, as the exclusive listing agency, is pleased to offer for sale this unique turnkey South El Monte Trailer Park + Bonus 910 SF Income Producing Retail Shop For Sale. The park is composed of 24 units and a retail shop along Garvey Avenue. The property represents an excellent opportunity for an investor to acquire strong cash flow on desirable land along one of South El Monte s main thoroughfares. The property is offered at a 7.69 CAP rate on current income representing $70.50 per square foot of land. The property is located 1.5 Blocks E of Rosemead Blvd. & Garvey Ave. in the City of South El Monte. South El Monte is a small vibrant and thriving community bordered primarily by El Monte and Rosemead in the San Gabriel Valley region of Los Angeles County. This small tight knit community is home to 20,000 residents with a daytime population of 44,000. More than half of the city is dedicated to industrial and with it s spur of community developments including additional quality housing, economic development, infrastructural improvements and municipal rehabilitation programs, it s no wonder the city continually lives up to its motto of Growing Our Future. El Monte is the larger sibling with a population of 120,000. The City is bordered by Arcadia, Irwindale, Baldwin Park, Temple City and Rosemead. El Monte has maintained a reputation of being a very business friendly city by attracting commercial businesses and international corporations through its Foreign Trade Zone. It is home to the Von s Distribution Warehouse, Wells Fargo Operations Center, regional offices of East West and Cathay Banks and Longo Toyota, the #1 auto dealership in the United States by sales volume. The subject property is located directly on the border between South El Monte and El Monte. This enhanced location provides tenants with close proximity to shopping, eateries, a Target/CVS anchored retail center, Whittier Narrows Golf Course and both the 10 & 60 Freeways. ***Financing options are yet to be determined and will depend largely on the buyer s strength and existing banking relationships.
Phil Poth Vice President of Investments T 310-895-7172 C 310-293-3274 CA DRE License # 01485973 Matthew Collin Lee Investment Associate T 310-324-7400 Ext. 201 C 323-533-8818 CA DRE License # 01881080
24 Units + Retail Phil Poth Vice President - Investments Direct: 310-895-7172 ppoth@brcadvisors.com Matt Lee Investment Associate Direct: 323-533-8818 CalBRE License # 01485973 CalBRE License # 01881080 9561 E. Garvey Ave., South El Monte, CA 91733 OFFERING SUMMARY Price Down Payment Loan Amount Units Price Per Unit Price Per SF Price Per/SF Lot Size: Year Built Rentable SF Lot Size FINANCING SUMMARY 50% GRM - Current Cap Rate - Current GRM - Market Cap Rate - Market Net Cash Flow After Debt Service - Current Net Cash Flow After Debt Service - Market Total Return - Current Total Return - Market $1,800,000 $900,000 $900,000 25 $72,000 $354.05 $70.50 1940 5,084 25,531 7.51 7.69% 6.56 9.74% 9.65% 13.75% 11.41% 15.52% UNIT MIX # of Units 1 24 Unit Type Retail 1+1 CURRENT Average Monthly Rent Totals $1,200 $1,200 625-900 $4,600 MARKET Average Monthly Rent Totals $1,500 $1,500 $950 $22,800 $19,310 $666 $0 $19,976 $239,714 $22,850 $666 $0 $23,516 $282,194 Scheduled Rental Income: Additional Income: Additional Income (Other): Total Monthly Income: Annual Scheduled Gross Income: Loan Type Loan Amount Interest Rate Variable or Fixed Amortization Debt Coverage Ratio Monthly Loan Payment Annual Loan Payment New First Trust Deed $900,000 4.00% Fixed Rate 30 Years 2.70 $4,297 $51,561 OPERATING DATA CURRENT INCOME $239,714 Scheduled Gross Income: 3% $6,952 Less Vacancy Rate Reserve: $232,762 Gross Operating Income: 39.4% $94,368 Less Expenses: $138,394 Net Operating Income: $51,561 Less Loan Payments: 9.6% $86,833 Pre-Tax Cash Flow: $15,849 Plus Principal Reduction: $102,683 Total Return Before Taxes: 11.4% EXPENSES Taxes (1.25%xSales Price) Insurance Maintenance & Repair (5%) Trash Licenses & Fees Reserves Management Utilities On-Site Manager TOTAL EXPENSES Expenses Per Unit Expenses Per SF % of GOI 3% 34.9% 13.8% 15.5% MARKET $282,194 $8,226 $273,968 $98,617 $175,351 $51,561 $123,791 $15,849 $139,640 CURRENT $22,500 $11,000 $11,986 $6,000 $2,500 $4,397 $11,986 $14,000 $10,000 MARKET $22,500 $13,000 $14,110 $6,000 $2,500 $2,397 $14,110 $14,000 $10,000 $94,368 $3,775 $18.56 40.54% $98,617 $3,945 $19.40 36.00% This information has been secured from sources we believe to be reliable, however 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 must verify the information and bears all risk for any inaccuracies. 2017 BRC Advisors
Multi-Residential - Rent Schedule Property Address: 9561 E. Garvey Ave # of Units: South El Monte CA 91733 Year Built: 25 1940 RENT SCHEDULE INCREASE SECURITY CURRENT MARKET RENTAL UNIT UNIT TYPE DATE DEPOSIT RENT RENT UPSIDE Retail $1,200 $1,200 1400.00% 1 $675 $900 25.00% 2 $700 $900 22.22% 3 $750 $900 16.67% 4 $720 $900 20.00% 5 $700 $900 22.22% 6 $650 $900 27.78% 7 $700 $900 22.22% 8 $750 $900 16.67% 9 $820 $900 8.89% 10 $875 $900 2.78% 11 $850 $900 5.56% 12 $775 $900 13.89% 14 $700 $900 22.22% 15 $750 $900 16.67% 16 $675 $900 25.00% 17 $850 $900 18 $850 $900 19 $650 $900 20 $775 $900 21 $750 $900 22 $720 $900 23 $825 $900 24 $750 $900 25 $925 $900 MONTHLY SUBTOTAL: $19,385 $22,800 53.56% MONTHLY LAUNDRY: $50 $50 MONTHLY PARKING : $0 $0 MONTHLY TOTAL: $19,435.00 $22,850.00 ANNUAL TOTAL: $233,220.00 $274,200.00 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.
South El Monte Trailer Park 9561 Garvey Ave., South El Monte, CA 91733 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 must verify the information and bears all risk for any inaccuracies his 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 must verify the information and bears all risk for any inaccuracies.