TH STREET SANTA MONICA CA PDF Free Download

2423 4 TH STREET SANTA MONICA CA 90405 OCEAN PARK PRIDE OF OWNERSHIP GREAT LOCATION, UNIT MIX AND INCOME POTENTIAL FIRST TIME ON THE MARKET IN 40 YEARS! Kenny Stevens Eric von Bluecher BRE# 01090251 BRE# 01926201 310.968.7005 cell 310.900.9505 cell kstevens@concord-re.com evonbluecher@concord-re.com OFFERING MEMORANDUM

MARKETING PACKAGE OVERVIEW Our mission PRESENTED BY Kenny Stevens Managing Partner / Senior Vice President BRE# 01090251 310.551.0660 Ext. 141 direct kstevens@concord-re.com Eric von Bluecher Investment Associate BRE# 01926201 310.900.9505 direct evonbluecher@concord-re.com PROPERTY SUMMARY Property Highlights Property Details Property Location Aerial Photo Parcel Orientation Photography FINANCIALS Financial Overview Rent Roll LOCATION OVERVIEW Market overview New Developments COMPARABLES Sales Comps 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.

PROPERTY SUMMARY 2423 4 TH STREET SANTA MONICA CA 90405 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 SUMMARY PROPERTY HIGHLIGHTS 8 UNITS IN SANTA MONICA The Queen Anne - First time on market in 40 years! Roof resurfaced last year - 15 year roof, $12k approximately Approximately 54% Upside in Rents Near bus Route 18: Venice, SM Downtown Metro Station and UCLA Front townhouse unit has ocean views, perfect for owner user Laundry on-site for 6 units & 2 units have in-unit laundry 8 tuck under parking, smaller cars you can get more tandem spots Exceptional unit mix of (1) 2+2.5 TH, (2)2+1.5, (1)1+1.5 TH, (4)1+1s New copper plumbing, extra storage sheds for management or tenant use Neighborhood features walking distance to beach, Main Street, Sunday Farmers Market and Food Truck night Short distance to Promenade, Venice, SM College & I-10 Fwy, Close tech scene of Silicon Beach, Bike Paths & more Separate metered for gas & electric

PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION The Queen Anne, First time on the market in 40 years!. This well located, 8 unit pride of ownership building, features a fantastic unit mix that will generate strong market rents for years to come: (1) two bedroom / two and a half bathroom townhome owner s unit, (2) two bedroom / one and a half bathroom units, (1) one bedroom / 1.5 bathroom townhome unit, and (4) one bedroom / one bath units. There are eight tuck under stalls located underneath the building which is on the list for the Santa Monica s seismic retrofit program. You could potentially fit more than 8 vehicles underneath depending on the size of the vehicles. For the south Santa Monica buyer or anyone seeking cash preservation, this location is A+. South Santa Monica / Ocean Park features a beachy, easy going vibe, slightly different than the more touristy, north Santa Monica, though still capable of obtaining top of the market rents. From the Queen Anne you can walk to the park, schools, beach, Main Street and more. Take a quick bike ride to Rose Avenue or the Beach Bike path that will take you north to the Palisades or all the way down to Playa Del Rey. There is an ultra-convenient bus line just steps away that will shoot you down to Venice, Abbot Kinney or north to the Expo Line station or all the way to UCLA. With close proximity to the tech scene of Silicon beach, expect to capitalize on this well insulated and positioned asset. PROPERTY DETAILS Units 8 Major Intersection Ocean Park Blvd & Main St Market Santa Monica APN 4287-007-014 Zoning Type SMOP2 Building SF 7,584 SF LOT SF 6,390 SF

PROPERTY SUMMARY PROPERTY LOCATION 2423 4th Street

PROPERTY SUMMARY PROPERTY AERIAL Main Street Ocean Park Blvd

PROPERTY SUMMARY PARCEL ORIENTATION

PROPERTY SUMMARY PROPERTY PHOTOS

FINANCIALS 2423 4 TH STREET SANTA MONICA CA 90405 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 - $4,450,000

FINANCIALS RENT ROLL 2423 4th STREET

LOCATION 2423 4 TH STREET SANTA MONICA CA 90405 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.

LOCATION LOCATION OVERVIEW 2423 4th STREET SANTA MONICA, CALIFORNIA One of the most desirable addresses for both living and working, Santa Monica offers a walkable downtown, a blossoming public transportation system, and several notable tourist destinations. Known for its sunshine and beaches, Santa Monica prides itself as a national model for progressive issues, including social services, quality of life for local residents, and environmental leadership. Median family income is $110,000 and average home prices are $1.1 million resulting in beautiful neighborshoods and incredible ROI for real estate investors. This urban village has spectacular views of its vast white sand beaches from Palisades Park, exceptional shopping on Third Street Promenade, main Street and Montana Avenue, and the region s most renowned restaurant scene. Santa Monica stretches for about two miles along the coast before joining up with Venice Beach. A population of nearly 90,000 and a daytime workforce of about 80,000 makes Santa Monica s labor force participation rate among the highest in the world and a substantial daily in-migration of employees. Major employers include UCLA Hospital, St. John s Health Center, RAND Corporation, Universal Music Group, Activision and Santa Monica College. Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies. Major technology companies have opened offices in the region including Google, Yahoo!, YouTube, BuzzFeed, Facebook, AOL, Electronic Arts, EdgeCast Networks, and MySpace. The region is considered the second- or third-largest tech hub in the world, according to various reports. This has had major impacts on the type and availability of office space and on home prices in Playa Vista, Playa Del Rey, Westchester, Santa Monica, and Venice, as these areas have become more desirable due to this influx. The effects are also spilling over into Marina del Rey which is attracting tech firms. The Expo Line is a light-rail line that runs between Downtown Los Angeles and Santa Monica. The line is named Expo after Exposition Boulevard, which it runs alongside for most of its route. It is one of the six lines in the Metro Rail system, and is operated by the Los Angeles County Metropolitan Transportation Authority (Metro).

LOCATION LOCATION OVERVIEW 2423 4th STREET Expo Line Adding Value to Santa Monica s Premium Rental Market 2423 4 th Street

COMPARABLES 2423 4 TH STREET SANTA MONICA CA 90405 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 SOLD COMPS 2423 4th STREET 2423 4 th Street Rent Comps 831 Pacific St, #4 1024 Maple St, #3 2639 6th St, #1 2035 4th St 2444 4th St, #6 3008 3rd St, #A 2311 4th St, #209 820 4 th St. #1

COMPARABLES SALES COMPS 1 2423 4 th Street, Santa Monica, CA 90405 UNITS UNIT TYPE 1 2 Bed/2.5 Bath 2 2 Bed/1.5 Bath 1 1 Bed/1.5 Bath 4 1 Bed/1 Bath LISTED FOR $4,450,000 # OF UNITS 8 BUILDING SF 7584 PRICE/SF $586.76 PRICE/UNIT $11,805 YEAR BUILT 1965 CAP 2.70 GRM 20.13 2727 6 th Street, Santa Monica, CA 90405 SALE PRICE $17,425,000 # OF UNITS 31 BUILDING SF 23,700 PRICE/SF $735.23 PRICE/UNIT $562,096 CAP 3.11 UNITS UNIT TYPE GRM 20.04 14 2 Bed/1 Bath 17 1 Bed/1 Bath 2615 2nd St, Santa Monica, CA 90405 UNITS UNIT TYPE 1 2 Bed/1 Bath 6 1 Bed/1 Bath 2423 4th STREET SALE PRICE $4,200,000 # OF UNITS. 7 BUILDING SF 4696 PRICE/SF $894 PRICE/UNIT $600,000 CAP 3.64 GRM 17.52 COMMENTS: 1962 YB, 7 parking, 46 DOM, sold 11/2016. All units renovated except one unit with new sewer line, new appliances, washer/dryer in units, new flooring, LED recessed lighting, new kitchens/baths, cabinets, Ceasarstone counters, new dual pane windows, Dunn Edwards 10 year exterior paint, earthquake retrofited, remodeled in 2015. 431 Marine Street, Santa Monica, CA 90405 SALE PRICE $3,510,000 # OF UNITS. 6 BUILDING SF 6,491 PRICE/SF $541 PRICE/UNIT $585,000 CAP 2.94 GRM 19.64 UNITS UNIT TYPE 5 2 Bed/1.5 Bath TH 1 1 Bed/1 Bath 227 Beach Street, Santa Monica, CA 90405 2626 11 th Street, Santa Monica, CA 90405 SALE PRICE $5,200,000 # OF UNITS 13 BUILDING SF 6,292 PRICE/SF $630 PRICE/UNIT $400,000 SALE PRICE $3,490,000 # OF UNITS. 7 BUILDING SF 7,070 PRICE/SF $494 PRICE/UNIT $498,571 UNITS UNIT TYPE 13 1 Bed/1 Bath COMMENTS: Older 1920s buidling sold with 10 units vacant. Street parking. Large 11,290 SF lot. UNITS UNIT TYPE 3 3 Bed/1.75 Ba. 4 2 Bed/1.5 Bath COMMENTS: Delivered with one unit vacant. 11 Parking.

COMPARABLES SALES COMPS 2423 4 th Street 1 2315 2 nd Street, Santa Monica, CA 90405 SALE PRICE $3,085,000 # OF UNITS 6 BUILDING SF 3,104 PRICE/SF $994 PRICE/UNIT $514,166 301 Ashland Ave, Santa Monica, CA 90405 SALE PRICE $3,345,000 # OF UNITS 9 BUILDING SF 7,424 PRICE/SF $450.57 PRICE/UNIT $371,667 UNITS UNIT TYPE 1 2 Bed/2 Bath 4 1 Bed/1 Bath 1 0 Bed/1 Bath COMMENTS: 1900 construction Craftsman with street parking on a 6,400 sqft lot. UNITS UNIT TYPE 5 1 Bed/1 Bath 2 2 Bed/1 Bath 2 2 Bed/2 Bath COMMENTS: Approx 10 parking, 1960 construction. 820 4 th Street, Santa Monica, CA 90405 UNITS UNIT TYPE 2 3 Bed/2 Bath 5 2 Bed/2 Bath COMMENTS: SALE PRICE $4,255,000 # OF UNITS 7 BUILDING SF 3,104 PRICE/SF $457.88 CAP 2.69 GRM 22.33

COMPARABLES RENT COMPS 2423 4th STREET 2423 4 th Street Sales Comps 831 Pacific St 1024 Maple St 2639 6 th St 402 Pacific St, #1 320 Pacific St, #2 3008 3 rd St 744 Pier Ave 2325 2nd St, #A 101

COMPARABLES RENT COMPS 2423 4th STREET 2423 4 th St, Santa Monica, CA 90405 RENT $4,750 UNIT TYPE 2+2.5 TH RENT $3,650 UNIT TYPE 2+1.5 RENT $4,000 UNIT TYPE 1+1.5 TH RENT $3,000 UNIT TYPE 1+1 YEAR BUILT 1965 831 Pacific St, #4, Santa Monica, CA 90405 RENT $4,500 UNIT TYPE 2+2 YEAR BUILT 1981 COMMENTS: Townhome unit, light and bright. Rooftop deck with mountain and city views. 2 car garage parking. 1,500 sqft. 1024 Maple St, Santa Monica, CA 90405 RENT $4,350 UNIT TYPE 2+2 YEAR BUILT 1949 4 2639 6th St, #1, Santa Monica, CA 90405 RENT $4,000 UNIT TYPE 2+2 YEAR BUILT 1964 COMMENTS: Upper unit, balcony, 1 parking, laundry on site, lots of closet space, carpet COMMENTS: 1,000 sqft, remodeled, private patio, granit counters, stainless appliances, central air, hardwood floors, w/d in unit. 402 Pacific St, #1, Santa Monica, CA 90405 320 Pacific St, #2, Santa Monica, CA 90405 RENT $4,250 UNIT TYPE 1+1.5 TH YEAR BUILT 1954 RENT $4,300 UNIT TYPE 2+2 YEAR BUILT 1974 COMMENTS: Remodeled 2 story unit, hardwood floors, new kitchen & baths, private patio, walk in closet, includes one private garage. COMMENTS: Updated kitchen and baths, 2 parking, private patios.

COMPARABLES RENT COMPS 2423 4th STREET 3008 3 rd St, Santa Monica, CA 90405 744 Pier Ave, Santa Monica, CA 90405 RENT $3,200 UNIT TYPE 1+1 YEAR BUILT 1925 RENT $3,850 UNIT TYPE 2+2 YEAR BUILT 1963 COMMENTS: 645 sqft, private balcony with ocean views, central air, walk in cedar closet. COMMENTS: New kitchen & baths, private patio, granite counters, two parking, laundry on-site. 2325 2nd St, #A, Santa Monica, CA 90405 RENT $5,500 UNIT TYPE 2+2 YEAR BUILT 1895 COMMENTS: Upper unit, landlord pays for water, 1 car garage parking.

KENNY STEVENS BRE# 01090251 D: 310-551-0660 Ext. 141 kstevens@concord-re.com ERIC VON BLUECHER BRE# 01926201 D: 310-900-9505 evonbluecher@concord-re.com www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 LISTING PROPOSAL