Inglewood Blvd - PDF Free Download

3993 3995 Inglewood Blvd Los Angeles, CA 90066 PRESENTED BY Elliot Schwartz Retail & Office Director Integra Managing Director Cell: (818) 312-3120 Elliot@IntegraCRE.com License: CA 02020686 Alicia Shepherd Multi-Family & Land Director Integra Managing Director Office: 310-774-3704 Alicia@IntegraCRE.com License: CA 01916304

Section Table Of Contents Pages Investment Overview 3 12 Financial Analysis 13 17 Sales Comps 18 21 Rent Survey Retail Multi-Family 23 28 29 30 Market Overview 31-33 2

INVESTMENT OVERVIEW 3

Aerial Map 4

Aerial Map 5

Aerial Map 6

Property Photo 7

Unit 4 8

Unit 4 9

Retail Space 10

Retail Space 11

Executive Summary 3993 3995 Inglewood Blvd Price $3,100,000 GRM 19.61 Cap Rate 2.79% Rentable Square Feet Ownership Lot Size Parking Zoning 5,836 SF Fee Simple 10,858 SF 13 Spaces C1-1 & Assessors Parcel Number 4235-029-039 4235-029-040 Intersection/Cross Street Inglewood Blvd and Washington Pl 12 12

Financial Analysis 13

3995 Inglewood Boulevard 3995 Inglewood Boulevard is comprised of 2,456 square foot building sitting on a 5,288 square foot lot. The building is currently being used as a mixed use space. The ground floor has a retail tenant, Fadi Vape, occupying 1,370 square feet of space. They are on a month to month lease. The second story has a three bedroom two bathroom multi-family apartment. The lot is zoned C1-1. Unit Current Rent Market Rent 3 Bedroom 1 Bath Retail (Modified Gross) $2,239.29 $3,150 $3,000 $4,110 ($3/SF) Total: $5,239.29 $7,260 14 14

3993 Inglewood Boulevard 3993 Inglewood Boulevard is comprised of 3,380 square foot building sitting on a 5,297 square foot lot. The building has six, one bedroom one bath multi-family apartments. The lot is zoned C1-1. Unit Current Rent Market Rent 1 $1,595 $1,795 2 $1,036.85 $1,795 3 $1,087.63 $1,795 4 $1,795 $1,795 5 $1,377.39 $1,795 6 $1,036.85 $1,795 Total: $7,928.72 $10,770 15

3993 & 3995 Inglewood Boulevard Rent Roll Unit Unit Mix Current Rent Market Rent 1 1 Bed / 1 Bath $1,595 $1,795 2 1 Bed / 1 Bath $1,036.85 $1,795 3 1 Bed / 1 Bath $1,087.63 $1,795 4 1 Bed / 1 Bath $1,795 $1,795 5 1 Bed / 1 Bath $1,377.39 $1,795 6 1 Bed / 1 Bath $1,036.85 $1,795 7 3 Bed / 1 Bath $2,239.29 $3,150 8 Retail (1,370 SF) $3,000 $4,110 Total: $13,168.01 $18,030 16

Financial Summary Investment Overview Price $3,100,000 Price Per Land $285 Price Per Square Foot $531 Price Per Unit $387,500 GRM 19.61 CAP Rate 2.79% Proforma Cap Rate 5.31% Income & Expenses Gross Potential Income $216,360 Gross Income $158,016 Operating Expenses - Including 5% vacancy & 5% Management Fee $71,678 Net Operating Income $86,338 Expenses Breakdown Gardening $1,440 Insurance $6,428 Licenses and Permits $431 Repairs $7642 Property Taxes $36,890 Utilities $3,047 5% Vacancy $7,900 Management Fee $7,900 17

SALES COMPS 18

1 3993-3995 Inglewood Blvd, Los Angeles CA 90066 2 12012 Washington Place, Los Angles, CA 90066 7 8 9 10 11 3 4 5 12025 Washington Place, Los Angeles, CA 90066 3992 Inglewood Boulevard, Los Angeles, CA 90066 12328 Venice Boulevard, Los Angeles, CA 90066 5 3 4 1 2 6 12 13 6 11605-11609 Washington Place, Los Angeles, CA 90066 14 15 16 17 18 20 19

Subject Property 3993-3995 Inglewood Blvd, Los Angeles CA 90066 1 12012 Washington Place, Los Angles, CA 73 90066 VISTA ISLE DRIVE 2 12025 Washington Place, Los Angeles, CA 90066 3 Mixed Use Price $3,100,000 Multi-Family Sale Price $2,670,000 Multi-Family Sale Price $1,850,000 Building SF 5,836 Building SF 7,249 SF Building SF 4,918 SF Number of Units 8 (7 Multi-Family 1 Retail) Number of Units 10 Number of Units 7 CAP Rate 2.79 CAP Rate 3.54% CAP Rate 3.79% Year Built 1906/1956 Year Built 1951 Year Built 1951 5939 W PICO BLVD, LOS ANGELES, CA, 90035 rentpropertyaddress1 5939 W PICO BLVD, LOS ANGELES, CA, 90035 Price/SF $531.18 Price/SF $368.33 Price/SF $376.17 Price/Unit $387,500 GRM 19.61 NOI $86,338 Price/Unit $267,000 Close of Escrow 4/4/2017 Price/Unit $264,285 Close of Escrow 12/30/2016 20

3992 Inglewood Boulevard, Los Angeles, CA 90066 4 12328 Venice Boulevard, Los Angeles, CA 73 90066 VISTA ISLE DRIVE 5 11605-11609 Washington Place, Los Angeles, CA 90066 6 Multi-Family Price $12,382,000 Building SF 23,225 Number of Units 21 CAP Rate 3% Retail Sale Price $1,407,500 Building SF 2,100 Number of Units 2 Year Built 1947 Mixed Use Sale Price $2,175,000 Building SF 3,432 Number of Units 8 Year Built 1959 Year Built 2014 Price/SF $683.33 Price/SF $633.74 5939 W PICO BLVD, LOS ANGELES, CA, 90035 rentpropertyaddress1 Unit 1: $2/sf 5939 W PICO BLVD, LOS ANGELES, CA, 90035 Price/SF $533.13 Leasing Unit 2: $4/sf Close of Escrow June 2017 Price/Unit $589,619 NOI $371,460 Close of Escrow 10/7/2016 Close of Escrow 9/2/2017 NOTES Mixed use property with three retail tenants in the front, two apartments units in the back (1, two bedroom & 1 single) Two garages on the alley with additional parking on the side 21

RENT SURVEY 22

RETAIL RENT SURVEY 23

12101 VENICE BLVD 12101 VENICE BLVD, LOS ANGELES, CA, 90066 1 12328 VENICE BLVD 73 VISTA ISLE DRIVE 12328 VENICE BLVD, LOS ANGELES, CA, 90066 1 673 VISTA ISLE DRIVE, SUNRISE, FL, 33325 1100 S BEVERLY DR 1100 S BEVERLY DR, LOS ANGELES, CA, 90035 3 rentpropertyname1 Rentable SF 4,500 Rentable SF 2,100 Rentable SF 3,000 Available SF 4,500 Available SF 1,250 Available SF 3,000 Asking Rent/SF $4.50 Achieved Rent/SF $4.00 Asking Rent/SF $2.95 Year Built/Renovated 1948/2017 Year Built/Renovated 1947/2009 Year Built 1927 Lease Type NNN Lease Type Modified Gross Lease Type 5939 W PICO BLVD, LOS ANGELES, CA, 90035 5939 W PICO BLVD, rentpropertyaddress1 LOS ANGELES, CA, 90035 5939 W PICO BLVD, LOS ANGELES, CA, 90035 NOTES NOTES - Adaptive Re-use Redevelopment - Four Enclosed Offices - Reception Area - Conferene Room - Kitchen and Outdoor Patio with Grill - Gated Parking - Excellent Signage Possibility - Walking Distance to Restaurants and Shops - Close Proximity Culver City, Playa del Rey, Venice - 1,250 Retail or Office Space - Ample parking in the back with 5 spaces available - Great Storage Space - Sale-Lease-Back for Seller of Property - Modified Gross NOTES - High Ceilings - Flex property to office or retail - Concrete Floors Gross 24

PROPERTY NAME COMPARABLE HOPPING CENTERS

APARTMENT RENT SURVEY 29

Other One Bedroom & One Bathrooms 3930 INGLEWOOD BLVD 3930 INGLEWOOD BLVD, LOS ANGELES, CA, 90066 1 12135 MITCHELL AVE 12135 73 VISTA MITCHELL ISLE AVE, DRIVE LOS ANGELES, CA 90066 2 3940 INGLEWOOD BLVD 3940 INGLEWOOD BLVD, LOS ANGELES, CA 90066 3 Unit Type 1 + 1 Asking Rent $1,850 Unit Type 1 + 1 Asking Rent $1,830 Unit Type 1 + 1 Achieving Rent $1,750 NOTES NOTES NOTES Living room has new paint, new wood floors, large window with Pet Policy. Dogs and Cats Allowed, Full Kitchen, Large, one bedroom one bath, with parking in the front horizontal wood blinds, wall gas heater and new air Microwave, Refrigerator, 1 Parking Space of the building, one space included, laundry onsite, water conditioner. Kitchen with tile flooring, granite counter tops, and trash included nice 4' LED light fixture, lots of cabinets for extra storage space, stainless 5939 W steel PICO appliances BLVD, including LOS ANGELES, a gas stove CA, and 90035 microwave. 5939 W PICO BLVD, LOS ANGELES, CA, 90035 5939 W PICO BLVD, LOS ANGELES, CA, 90035 rentpropertyaddress1 Hallway with new wood floors and extra closet space that leads you to the bedroom and bathroom. Bedroom with wood floors, new paint, window with horizontal wood blinds, large closet with white framed sliding mirror doors and a ceiling fan with a light fixture. Bathroom with tile flooring, bathtub, new vanity with porcelain sink and all new accessories. This unit comes with 2 tandem Parking Spaces. 30

MARKET OVERVIEW 31

12328 VENICE BLVD MAR VISTA OVERVIEW The Venice/Grand View Historic Commercial District: Mar Vista's historic "downtown" contains buildings built between 1924 and 1960 (including the original Mar Vista Library) in a wide variety of styles. You can find tattoo parlors, hand-brewed coffee and the weekly farmers market. Venice/Grandview Historic district is half a mile from 3993-3995 Inglewood Blvd. The subject property has been given a 82 walk score, deemed very walkable where most errands can be accomplished on foot. Market snapshot In January, based on 20 sales, the median price for single-family homes in the 90066 ZIP Code was $1.174 million, up 20.5% from January 2014, according to CoreLogic. *LA Times

12328 VENICE BLVD CULVER CITY OVERVIEW Downtown Culver is two miles away from 3993-3995 Inglewood Boulevard allowing tenants easy access to one of Los Angeles County s greatest cities. Culver City is a five-square-mile, urban community of 39,000 residents surrounded by the City of Los Angeles is and centrally located on the Westside near Santa Monica, Beverly Hills, and Los Angeles International Airport. Culver City is particularly known for its well-run public school system, "small town" charm, growing high-tech and creative economies, and a dynamic downtown that is regionally known as a destination for restaurants, live theatre, and art galleries.