10412 SOUTH FIGUEROA ST. - LoopNet · 2019-04-23 · 10412 SOUTH FIGUEROA ST. 10412 South Figueroa...

For more information contact:

10412 SOUTH FIGUEROA ST.10412 South Figueroa StreetLos Angeles, CA 90003

Martin Ensbury

President- The Ensbury Group

(310) 880-0132

[email protected]

BRE #00815392

L'Mar Kojani

Global Investment Associate

(310) 733-6819

[email protected]

BRE #01970704

PROPERTY HIGHLIGHTS

Major value add opportunity! 6.83% cap rate on proforma rents. ●

Seller just replaced the roof and has recently renovated most units. ●

Located in gentrifying South Los Angeles, easily accessible to thenew Rams stadium and the resurgent Downtown LA.

●

Perfect for most government subsidy programs.●

Currently 11 vacancies. ●

LOCATION MAP

10412 South Figueroa St.10412 South Figueroa Street | Los Angeles, CA 90003

Martin EnsburyPresident The Ensbury Group(310) 880[email protected]

REGIONAL MAP



AERIAL MAP



DEMOGRAPHICS



Population Characteristic 1 Mile 3 Mile 5 Mile

Ages 04 4,457 30,050 86,709

Ages 59 5,321 35,704 101,941

Ages 1014 4,949 33,380 93,916

Ages 1519 4,947 33,313 92,386

Ages 2024 5,089 34,363 96,540

Ages 2529 4,904 33,295 96,120

Ages 3034 4,497 30,783 91,921

Ages 3539 4,152 28,330 87,602

Ages 4044 3,851 26,470 83,488

Ages 4549 3,597 24,997 78,969

Ages 5054 3,121 22,209 69,163

Ages 5559 2,544 18,711 57,802

Ages 6064 1,912 14,769 45,317

Ages 6569 1,381 10,984 33,255

Ages 7074 944 7,718 23,091

Ages 7579 540 5,049 14,854

Ages 8084 283 2,969 8,629

Household Income 1 Mile 3 Mile 5 Mile

Median Household Income $30,052 $37,835 $39,368

< $10000 1,748 12,690 31,506

$10000$14999 1,860 10,644 28,621

$15000$19999 1,511 8,348 24,431

$20000$24999 917 7,451 23,232

$25000$29999 1,192 7,157 21,023

$30000$34999 1,082 6,900 20,410

$35000$39999 786 5,672 18,337

$40000$44999 739 6,076 18,290

$45000$49999 653 4,232 14,302

$50000$60000 1,142 8,119 26,336

$60000$74000 1,467 9,907 30,635

$75000$99999 940 9,094 28,612

$100000$124999 337 5,205 14,905

$125000$149999 199 2,513 7,764

$150000$199999 144 1,366 4,600

> $200000 29 786 2,654

Race Characteristic 1 Mile 3 Mile 5 Mile

Non Hispanic White 12,815 84,256 324,194

Population Black 18,025 135,982 281,994

Population Am In/AK Nat 121 761 3,093

Characteristic Housing 1 Mile 3 Mile 5 Mile

Housing Units 15,636 111,492 328,208

Occupied Housing Units 14,268 103,549 308,574

Owner Occupied Housing Units 4,923 43,376 118,555

Renter Occupied Housing Units 9,345 60,173 190,019

Vacant Housing Units 1,368 7,943 19,634

PROPERTY PHOTOS



ADDITIONAL PHOTOS


Investment Operating Information

Price: 2,500,000$ 1st Trust Deed: 5-Year Fixed Rate Loan (74%)

Down Payment: 26% 650,000$ Loan Amount: 1,850,000$

Number of Units: 19 Interest Rate: 4.40%

Cost Per Unit: 131,579$ Loan Term (Years): 5

Current GRM: 29.60 Amortization (Years): 30

Market GRM: 9.42 Monthly Payment: ($9,264.08)

Current CAP: 0.12% Annual Debt Service: ($111,168.92)

Market CAP: 6.83%

Year Built: 1960

Approximate Lot Size: 7,405 43560

Approximate Net RSF: 5,295

Cost Per Net RSF: 472.14$

Scheduled Gross Income: 84,456$ 265,260$

Less: Vacancy -$ 0% (13,263)$ 5%

Gross Operating Income: 84,456$ 251,997$

Less: Expenses: (81,339)$ 96.3% (81,339)$ 32.3%

Net Operating Income: 3,117$ 170,658$

Less: Loan Payments: (111,169)$ (111,169)$

Net Cash Flow: (108,052)$ -16.62% 59,489$ 9.15%

Plus: Principal Paydown: 30,377$ 30,377$

Total Return Before Taxes: (77,675)$ -11.95% 89,866$ 13.83%

Property Taxes - New (1.196046%) $29,901

Unit BDRMS/ Monthly Monthly Monthly Monthly Special Assessments $804

# BATHS Rent/Unit Income Rent/Unit Income Electric $5,497

1 1 Bd/1 Ba $1,500 $1,500 $1,570 $1,570 Water $4,824

2 Single (vacant) $0 $0 $1,055 $1,055 Sewer $3,811

3 Studio $1,150 $1,150 $1,220 $1,220 Trash $2,400

4 Single (vacant) $0 $0 $1,065 $1,065 Repairs $6,650

5 Studio $1,150 $1,150 $1,220 $1,220 General $4,750

6 Single $738 $738 $1,065 $1,065 On-Site Manager $4,800

7 Single $850 $850 $1,065 $1,065 Off-Site Management $9,301

8 Single (vacant) $0 $0 $1,065 $1,065 Reserves $4,750

9 Single (vacant) $0 $0 $1,065 $1,065 Insurance $3,850

10 Single (vacant) $0 $0 $1,065 $1,065

11 Studio $700 $700 $1,220 $1,220

12 Single (vacant) $0 $0 $1,065 $1,065

13 Studio (vacant) $0 $0 $1,220 $1,220

14 Single (vacant) $0 $0 $1,065 $1,065

15 Studio $0 $0 $1,220 $1,220

16 Single $950 $950 $1,065 $1,065

17 Single (vacant) $0 $0 $1,065 $1,065

18 Single (vacant) $0 $0 $1,065 $1,065

19 Single (vacant) $0 $0 $1,065 $1,065

$7,038 $21,505

$0 $300

$0 $300 Estimated Total Expenses $81,339

$7,038 $22,105

Per Net Sq. Ft. $15.36

$84,456 $265,260 Expenses Per Unit $4,281

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 INACCURACIES

Proforma Rents

Annualized Operating Data

Parking Income:

Scheduled Income

Monthly Scheduled Gross Income:

Annual Scheduled Gross Income:

Current Rents

Total Monthly Scheduled Gross Income:

Utility Reimbursement

Current Rents

Multi-Family

10412 S. Figueroa St.

Los Angeles, CA

Investment Summary

Estimated Operating Expenses

Market Rents

Loan Information

4/16/2019

APARTMENT

SALES COMPARABLES

14Sale Price

Building Size

Price per SF

Actual Cap Rate

Days on Market

Sale Price to Asking Price Ratio 88.69%

$1,150,000

3,337 SF

$228.40

5.07%

63

$2,256,857

7,410 SF

$304.56

5.72%

133

97.29%

$1,812,500

5,968 SF

$299.20

5.23%

148

99.19%

$4,700,000

15,340 SF

$659.37

6.76%

171

102.09%

14

14

7

4

4

Gross Income Multiplier

Gross Rent Multiplier

# of Units

Price per Unit $126,667

-

9.19

8

-

11.36

13

$172,656

-

10.94

12

$156,000

-

13.00

22

$391,667

-

5

14

14

Totals

Sold Transactions $31,596,000 Total Sales Transactions:Total Sales Volume: 14

Survey Criteria

basic criteria: Type of Property - Multi-Family; Sale Date - from 1/1/2017; Sale Status - Sold; Return andSearch on Portfolio Sales as Individual Properties - Yes; Exclude Non-Arms Length Comps - Yes

geography criteria: Zip Code - 90001, Los Angeles, CA; 90003, Los Angeles, CA; 90044, Los Angeles, CA

Comps Statistics

CountHighMedianAverageLow

Quick Stats Report

Copyrighted report licensed to Keller Williams Beach Cities - 608454. 4/4/2019

Page 1

1201 E 64th St

Los Angeles, CA 90001

Sale on 12/6/2018 for $1,615,000 ($346.86/SF; $146,818/Unit) - Research Complete

11 Unit, 4,656 SF Class C Apartments Building Built in 1923

SOLD

1

Sale Date:

Price/SF:

Sale Price:

$346.86

$1,615,000-Full Value

12/06/2018

Bldg Type:

Land Area:

Year Built/Age:

RBA:

Apartments

Built in 1923 Age: 95

4,656 SF

0.20 AC (8,886 SF)

Percent Leased: 100.0%

Transaction Details

Asking Price: -

Price/AC Land Gross: $7,916,666.67

Total Value Assessed:

Improved Value Assessed

Land Value Assessed:

$623,702 in 2018

$375,326

$248,376

Percent Improved: 60.2%

Land Assessed/AC: $1,217,529

InvestmentSale Type:

Transfer Tax: $1,776.50

GRM/GIM: -/-

ID: 4616811

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6008-016-011

Down payment of $1,615,000.00 (100.0%)

Document No: 1231047

Sale History: Sold for $1,615,000 ($346.86/SF; $146,818/Unit) on 12/6/2018Sold for $565,000 ($121.35/SF; $51,364/Unit) on 5/10/2012

Legal Desc: Legal Description is too long to be abbreviate, Please See Deed.

Spacer

# Units:

Avg Unit Size: 423 SF

11

Avg Rent/Unit/Mo: $636

$146,818Price/Unit:

Spacer Spacer

Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %

UNIT MIX AT TIME OF SALE

Units Asking Rent Effective Rent Concessions

1/1.0 2 18.2 - - - - - - - - - - -

1/1.0 9 81.8 - - - - - - - - - - -


Page 2

Income Expense Data

$12,292

$12,292

Total Expenses

- Operating Expenses

- TaxesExpenses

Bldg Type: Apartments

11

423 SF

# Units:

Avg Unit Size:

Current Building Information

Bldg Status: Built in 1923

4,656 SFBldg Size:

Typical Floor Size: 3,998 SF

Stories: 1

Bldg Vacant: 0 SF

Owner Type: Developer/Owner-RGNL

Zoning: LCR3YY

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.20 AC

Expenses: 2018 Tax @ $1117.42/Unit; 2012 Ops @ $725.34/Unit

Site Amenities: Fenced Lot

ID: 8433291

Location Information

Los Angeles

Southeast Los Angeles MF/Florence-Graham MF

Metro Market:

Submarket:

County: Los Angeles

CBSA: Los Angeles-Long Beach-Glendale, CA

DMA: Los Angeles, CA-NV

CSA: Los Angeles-Long Beach, CA

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1201 E 64th St SOLD11 Unit, 4,656 SF Class C Apartments Building Built in 1923 (con't)


Page 3

245 W 71st St




SOLD

2

Sale Date:

Price/SF:

Sale Price:

$344.62

$1,150,000-Confirmed

07/09/2018

Bldg Type:

Land Area:

Year Built/Age:

RBA:

Apartments


3,337 SF

0.13 AC (5,732 SF)

Percent Leased: -

Transaction Details

Asking Price: -





$669,120 in 2017

$275,400

$393,720




Transfer Tax: $1,265

GRM/GIM: -/-

ID: 4434037

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6012-010-019

Down payment of $1,150,000.00 (100.0%)



Legal Desc: Lot 75 Trt 4791 Bk 50 Pg 94

Spacer

# Units:


8

SF of all Units: 3,336

$143,750Price/Unit:

Spacer

Spacer




1/1.0 8 100.0 417 - - - - - - - - - -


Page 4

Income Expense Data

$9,001

$9,001

Total Expenses


- TaxesExpenses


8

417 SF

# Units:

Avg Unit Size:



3,337 SFBldg Size:


Stories: 1

Parking: 2 Surface Spaces are available; Ratio of 0.59/1,000 SF; 0.25/Unit

Bldg Vacant: 0 SF


Zoning: LAR2

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.13 AC

Expenses: 2018 Tax @ $1125.19/Unit

Site Amenities: Heating, Kitchen, Range

ID: 9886785


Los Angeles

Greater Inglewood MF/Canndu/Avalon Gardens MF

Metro Market:

Submarket:

County: Los Angeles




Spacer

245 W 71st St SOLD8 Unit, 3,337 SF Class C Apartments Building Built in 1923 (con't)


Page 5

706 W 81st St




SOLD

3

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$296.84


02/01/2018 (135 days on market)

Bldg Type:

Land Area:

Year Built/Age:

RBA:

6.76%

Apartments


4,110 SF

0.21 AC (9,278 SF)

Percent Leased: -

Transaction Details

Asking Price: $1,195,000





$787,020 in 2017

$113,910

$673,110





GRM/GIM: 9.19/-

ID: 4137674

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6032-023-005

Down payment of $1,220,000.00 (100.0%)


Sale History: Sold on 8/31/2018 Non-Arms LengthSold for $1,220,000 ($296.84/SF; $152,500/Unit) on 2/1/2018Sold for $1,120,000 ($272.51/SF; $140,000/Unit) on 4/11/2017Sold for $196,000 ($47.69/SF; $24,500/Unit) on 5/1/2015Sold on 9/12/2013 Non-Arms LengthSold on 4/14/2003 Non-Arms LengthSold for $250,000 ($60.83/SF; $31,250/Unit) on 12/28/1990

Legal Desc: Lot 180 Sunny Park Addition bk 6 pg 198

Spacer

# Units:


8

Avg Rent/Unit/Mo: $1,120

$152,500Price/Unit:

Spacer Spacer


Page 6




Studio/1.0 1 12.5 - 1 $1,180 $1,180 - - - - - - -

1/1.0 6 75.0 - - $1,080 $1,080 - - - - - - -

3/1.0 1 12.5 - - $1,300 $1,300 - - - - - - -

Income Expense Data

$14,575

$14,575

Total Expenses


- TaxesExpenses


8

513 SF

# Units:

Avg Unit Size:



4,110 SFBldg Size:


Stories: 1

Bldg Vacant: 0 SF

Owner Type: -

Zoning: LAR3

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.21 AC

Expenses: 2018 Tax @ $1821.88/Unit, 2003 Est Tax @ $523.88/Unit; 2016 Ops @ $2164.13/Unit, 2003 Est Ops @$166

ID: 84503


Los Angeles

Greater Inglewood MF/South Central LA MF

Metro Market:

Submarket:

County: Los Angeles

Map(Page): Thomas Bros. Guide 704-B2




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Page 7

1026 W 91st St




SOLD

4

Sale Date:

Price/SF:

Sale Price:

$298.40


08/09/2018

Bldg Type:

Land Area:

Year Built/Age:

RBA:

Apartments


6,736 SF

0.44 AC (19,023 SF)


Transaction Details

Asking Price: -





$350,819 in 2017

$210,493

$140,326


Land Assessed/AC: $321,332



GRM/GIM: -/-

ID: 4482815

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6047-020-018

Down payment of $510,000.00 (25.4%)


Sale History: Sold for $2,010,000 ($298.40/SF; $154,615/Unit) on 8/9/2018Sold for $1,500,000 ($222.68/SF; $115,385/Unit) on 8/18/2017

Legal Desc: Lot 45 Trt Grider & Hamilton's Sunnyside No 2 bk 6 pg 88

Spacer

# Units:


13 $154,615Price/Unit:

Spacer

Spacer

Income Expense Data

$23,206

$23,206

Total Expenses


- TaxesExpenses


Page 8


13

518 SF

# Units:

Avg Unit Size:



6,736 SFBldg Size:


Stories: -

Bldg Vacant: 0 SF

Owner Type: Individual

Zoning: LCR320U*

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.44 AC


ID: 10384958


Los Angeles

Greater Inglewood MF/Westmont MF

Metro Market:

Submarket:

County: Los Angeles




Spacer



Page 9

1040 W 91st St




SOLD

5

Sale Date:

Price/SF:

Sale Price:

$297.79


03/01/2019

Bldg Type:

Land Area:

Year Built/Age:

RBA:

Apartments


8,496 SF

0.22 AC (9,514 SF)


Transaction Details

Asking Price: -





$2,000,000 in 2018

$800,000

$1,200,000





GRM/GIM: -/-

ID: 4699491

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6047-020-017

Down payment of $633,000.00 (25.0%)$1,897,000.00 from Opus bank


Sale History: Sold for $2,530,000 ($297.79/SF; $230,000/Unit) on 3/1/2019Portfolio sale of 6 properties sold for $10,490,000 ($194.66/SF; $156,567/Unit) on 12/1/2017Sold on 12/29/2015 Non-Arms LengthSold for $1,325,000 ($155.96/SF; $120,455/Unit) on 6/23/2015Sold for $1,350,000 ($158.90/SF; $122,727/Unit) on 3/14/2005Sold for $985,000 ($115.94/SF; $89,545/Unit) on 1/13/2004

Legal Desc: East 55 Ft of Lot 44 in Bk 6, Pg 88

Spacer

# Units:


12


$230,000Price/Unit:

Spacer

Spacer


Page 10




2/1.0 2 16.7 - - - - - - - - - - -

3/1.0 10 83.3 773 - - - - - - - - - -


12

772 SF

# Units:

Avg Unit Size:



8,496 SFBldg Size:


Stories: 2

Parking: 11 Covered Spaces are available; Ratio of 1.29/1,000 SF; 0.92/Unit

Bldg Vacant: 0 SF


Zoning: R320U, Los Angeles

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.22 AC

Expenses: 2018 Tax @ $2368.63/Unit; 2017 Combined Est Tax/Ops @ $6052.78/Unit

Site Amenities: Air Conditioning, Laundry Facilities, Storage Units

# of Bldgs: 1

ID: 4622903


Los Angeles


Metro Market:

Submarket:

County: Los Angeles

Map(Page): Thomas Bros. Guide 704-A3




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Page 11

1212 W 107th St - 1212 W 107th St




SOLD

6

Sale Date:

Pro Forma Cap Rate:

Price/SF:

Sale Price:

Actual Cap Rate:

$242.83


12/01/2017 (171 days on market)

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

7.29%

5.07%

Apartments


15,340 SF

0.44 AC (19,101 SF)

1031 Exchange, DeferredMaintenance

Percent Leased: -

Transaction Details






$555,711 in 2017

$333,989

$221,722


Land Assessed/AC: $505,637



GRM/GIM: 11.94/-

ID: 4071783

- Spacer

Escrow Length: -

Parcel No: 6076-002-020



No. of Tenants: 2

Legal Desc: Lot 211 Original Sunnyside bk 7 pg 171

Spacer

Tenants at time of sale: 1212 W 107th St; Candice Hernandez

# Units:


22

Avg Rent/Unit/Mo:

Avg Rent/SF/Mo:

$1,211

$1.35SF of all Units: 19,700

$169,318Price/Unit:

Spacer Spacer


Page 12




1/1.0 6 27.3 750 - $950 $1,300 $1.27 $1.73 - - - - -

2/1.0 14 63.6 1,000 - $975 $1,500 $0.98 $1.50 - - - - -

2/2.0 2 9.1 600 - $1,295 $1,300 $2.16 $2.17 - - - - -

Income Expense Data

$309,170

($9,358)

$311,928

Effective Gross Income

- Vacancy Allowance

+ Other Income

Gross Scheduled IncomeIncome

$6,600

$120,432

$62,333

$58,099

Total Expenses


- TaxesEstimated Expenses

Cash Flow

$188,738

- Capital Expenditure

- Debt Service

Net Operating IncomeEstimated Net Income


22

895 SF

# Units:

Avg Unit Size:



15,340 SFBldg Size:


Stories: 2

Parking: 14 free Covered Spaces are available; 8 free Surface Spaces are available; Ratio of 1.43/1,000 SF;1.00/Unit

Bldg Vacant: 0 SF


Zoning: R3, L.A. County Rent/SF/Yr: -

Elevators: 0Land Area: 0.44 AC

Expenses: 2018 Tax @ $2411.93/Unit, 2017 Est Tax @ $2640.86/Unit; 2017 Ops @ $2833.32/Unit

Site Amenities: Heating, Kitchen, Laundry Facilities, Range

Metering: Individually Metered

ID: 4129915


Los Angeles


Metro Market:

Submarket:

County: Los Angeles




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1212 W 107th St - 1212 W 107th St SOLD22 Unit, 15,340 SF Class C Apartments Building Built in 1962 (con't)


Page 13

1012 W 109th Pl




SOLD

7

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$420.35


10/25/2017 (162 days on market)

Bldg Type:

Land Area:

Year Built/Age:

RBA:

6.61%

Apartments


3,616 SF

0.19 AC (8,102 SF)


Transaction Details






$828,443 in 2017

$248,533

$579,910




GRM/GIM: 10.31/-

ID: 4040258

-

Spacer

Escrow Length: 60 days

Parcel No: 6076-012-011



Spacer

# Units:


12


$126,667Price/Unit:

Spacer

Spacer




Studio/1.0 9 75.0 650 - - - - - - - - - -

1/1.0 2 16.7 750 - - - - - - - - - -

3/- 1 8.3 - - - - - - - - - - -


Page 14

Income Expense Data

$14,280

$14,280

Total Expenses


- TaxesExpenses


12

668 SF

# Units:

Avg Unit Size:



3,616 SFBldg Size:


Stories: 2

Parking: Ratio of 1.00/1,000 SF

Bldg Vacant: 0 SF


Zoning: LCR320U*

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.19 AC


ID: 9475420


Los Angeles


Metro Market:

Submarket:

County: Los Angeles




Spacer

1012 W 109th Pl SOLD12 Unit, 3,616 SF Class C Apartments Building Built in 1954 (con't)


Page 15

1108 W 110th St




SOLD

8

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$237.72


07/06/2018

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

5.23%

Apartments


13,882 SF

0.41 AC (17,860 SF)

1031 Exchange


Transaction Details

Asking Price: -





$1,401,396 in 2017

$577,267

$824,129





GRM/GIM: -/-

ID: 4430973

-

Spacer


Parcel No:

Financing:

6076-014-003

$3,300,000.00 from Western Alliance Bank



Legal Desc: Lot 17 The Woodcrest Trt bk 9 pg 40

Spacer

# Units:


20

Avg Rent/Unit/Mo: $863

$165,000Price/Unit:

Spacer Spacer




1/1.0 10 50.0 - - $750 $825 - - - - - - -

2/2.0 8 40.0 - - $900 $900 - - - - - - -

3/2.0 2 10.0 - - $1,100 $1,100 - - - - - - -


Page 16

Income Expense Data

$25,266

$25,266

Total Expenses


- TaxesExpenses


20

694 SF

# Units:

Avg Unit Size:

Avg Vacancy: 5.0%



13,882 SFBldg Size:


Stories: 2

Parking: 30 Covered Spaces are available; Ratio of 2.16/1,000 SF; 1.50/Unit

Bldg Vacant: 0 SF


Zoning: R320U, Los Angeles

Rent/SF/Yr: For Sale Only

Elevators: 0

Land Area: 0.41 AC

Expenses: 2019 Combined Tax/Ops @ $5018.10/unit; 2018 Combined Est Tax/Ops @ $1500.00/Unit

Site Amenities: Air Conditioning, Gated, Heating, Recycling, Washer/Dryer

# of Bldgs: 1

Metering: Individually MeteredUnits per AC: 48

ID: 4395399


Los Angeles


Metro Market:

Submarket:

County: Los Angeles





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1108 W 110th St SOLD20 Unit, 13,882 SF Class C Apartments Building Built in 1964 (con't)


Page 17

1114 W 117th St




SOLD

9

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$304.69


03/16/2018

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

5.20%

Apartments


5,120 SF

0.19 AC (8,464 SF)

1031 Exchange

Percent Leased: -

Transaction Details

Asking Price: -





$1,040,400 in 2017

$714,000

$326,400





GRM/GIM: -/-

ID: 4188689

-

Spacer


Parcel No:

Financing:

6079-018-030

Down payment of $594,000.00 (38.1%)$966,000.00 from Luther Burbank Savings


Sale History: Sold for $1,560,000 ($304.69/SF; $156,000/Unit) on 3/16/2018Sold for $1,200,000 ($234.38/SF; $120,000/Unit) on 12/22/2015Sold for $767,500 ($149.90/SF; $76,750/Unit) on 5/29/2013

Legal Desc: W 1/2 Lt 29, Bk 9, Pg 170 of Maps.

Spacer

# Units:


10

Avg Rent/Unit/Mo:

Avg Rent/SF/Mo:

$840


$156,000Price/Unit:

Spacer Spacer




1/1.0 10 100.0 561 - - - - - - - - - -


Page 18

Income Expense Data

$16,816

$16,816

Total Expenses


- TaxesExpenses


10

561 SF

# Units:

Avg Unit Size:



5,120 SFBldg Size:


Stories: 1

Parking: 5 free Covered Spaces are available; 5 free One-Car Garage Spaces are available; Ratio of 1.95/1,000SF; 1.00/Unit

Bldg Vacant: 0 SF

Owner Type: -

Zoning: LCR320U*

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.19 AC


ID: 9127810


Los Angeles

Greater Inglewood MF/West Athens MF

Metro Market:

Submarket:

County: Los Angeles




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Page 19

1124 W 117th St




SOLD

10

Sale Date:

Price/SF:

Sale Price:

$300.00


03/16/2018

Bldg Type:

Land Area:

Year Built/Age:

RBA:

Apartments


5,200 SF

0.20 AC (8,712 SF)

Percent Leased: -

Transaction Details

Asking Price: -





$890,576 in 2017

$517,777

$372,799





GRM/GIM: -/-

ID: 4188667

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6079-018-002

Down payment of $525,000.00 (33.7%)$1,035,000.00 from Luther Burbank Savings


Sale History: Sold for $1,560,000 ($300.00/SF; $156,000/Unit) on 3/16/2018Sold for $860,000 ($165.38/SF; $86,000/Unit) on 1/16/2015Sold for $0 ($0/Unit) on 2/20/2007 Non-Arms LengthSold for $874,000 ($168.08/SF; $87,400/Unit) on 12/12/2006

Legal Desc: AMENDED MAP OF ATHEN HEIGHTS 1/2 VAC ALLEY ADJ ON S AND W 50 FT OF LOT 13 1/2

Spacer

# Units:


10


$156,000Price/Unit:

Spacer

Spacer




1/1.0 10 100.0 520 - - - - - - - - - -


Page 20

Income Expense Data

$15,036

$15,036

Total Expenses


- TaxesExpenses


10

520 SF

# Units:

Avg Unit Size:



5,200 SFBldg Size:


Stories: 2


Bldg Vacant: 0 SF


Zoning: R3, Los Angeles County Rent/SF/Yr: -



Site Amenities: Fenced Lot, Laundry Facilities

Metering: Master Metered

ID: 1573899


Los Angeles


Metro Market:

Submarket:

County: Los Angeles





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Page 21

800-806 1/2 S. Hoover St.



12 Unit, 7,128 SF - Sold for Land Value, Class C Apartments Building Built in 1928

SOLD

11

Sale Date:

Price/SF:

Sale Price:

$659.37


08/23/2018

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

Apartments


7,128 SF

0.29 AC (12,676 SF)

Redevelopment Project


Transaction Details

Asking Price: -





$2,962,552 in 2017

$286,119

$2,676,433




GRM/GIM: -/-

ID: 4511737

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6032-014-012, 6032-014-013, 6032-014-011, 6032-014-015

$4,230,000.00 from Seller$833,000.00 from Seller


Sale History: Sold for $4,700,000 ($659.37/SF; $391,667/Unit) on 8/23/2018Portfolio sale of 2 properties sold for $1,200,000 on 4/30/2018Sold for $270,000 ($37.88/SF; $22,500/Unit) on 5/14/1996

Legal Desc: Lots 106 to 109, 133, 114 Sunny Side Park City of Los Angeles Bk 6 pg 8

Spacer

# Units:



Spacer

Spacer


Page 22


12

594 SF

# Units:

Avg Unit Size:



7,128 SFBldg Size:


Stories: 1

Bldg Vacant: 0 SF


Zoning: C2-1, Los Angeles

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.29 AC


# of Bldgs: 6

Units per AC: 41

ID: 4027691


Los Angeles


Metro Market:

Submarket:

County: Los Angeles




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800-806 1/2 S. Hoover St. SOLD12 Unit, 7,128 SF - Sold for Land Value, Class C Apartments Building Built in 1928 (con't)


Page 23

9124 S Broadway




SOLD

12

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$247.86


11/29/2018 (63 days on market)

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

5.20%

Apartments


5,144 SF

0.19 AC (8,137 SF)

1031 Exchange

Percent Leased: -

Transaction Details






$879,201 in 2018

$595,590

$283,611





GRM/GIM: 10.94/-

ID: 4597787

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6040-036-014

Down payment of $425,000.00 (33.3%)$850,000.00 from City National Bank


Sale History: Sold for $1,275,000 ($247.86/SF; $159,375/Unit) on 11/29/2018Sold for $0 ($0/Unit) on 11/18/2009 Non-Arms LengthSold for $775,000 ($150.66/SF; $96,875/Unit) on 8/4/2009

Legal Desc: Lot 37 & 38 Westland trct bk 13 pg 61

Spacer

# Units:



Spacer

Spacer




1/1.0 4 50.0 - - - - - - - - - - -

2/1.0 4 50.0 - - - - - - - - - - -


Page 24

Income Expense Data

$11,347

$11,347

Total Expenses


- TaxesExpenses


8

643 SF

# Units:

Avg Unit Size:



5,144 SFBldg Size:


Stories: 2


Bldg Vacant: 0 SF


Zoning: LAC2 Rent/SF/Yr: -



Metering: Individually Metered

ID: 7171687


Los Angeles

Greater Inglewood MF/Canndu/Avalon Gardens MF

Metro Market:

Submarket:

County: Los Angeles




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9124 S Broadway SOLD8 Unit, 5,144 SF Class C Apartments Building Built in 1941 (con't)


Page 25

11718-11720 S Budlong Ave




SOLD

13

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$307.09


03/16/2018

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

6.00%

Apartments


8,128 SF

0.29 AC (12,706 SF)

1031 Exchange

Percent Leased: -

Transaction Details

Asking Price: -





$1,734,000 in 2017

$1,122,000

$612,000





GRM/GIM: 13.00/-

ID: 4188674

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6079-018-042

Down payment of $846,000.00 (33.9%)$1,650,000.00 from Luther Burbank Savings


Sale History: Sold for $2,496,000 ($307.09/SF; $156,000/Unit) on 3/16/2018Sold for $1,700,000 ($209.15/SF; $106,250/Unit) on 11/24/2015Sold for $1,350,000 ($166.09/SF; $84,375/Unit) on 4/10/2013Sold for $1,450,000 ($178.40/SF; $90,625/Unit) on 4/21/2006

Legal Desc: Lot 14 Athens Heights Trt bk 9 pg 170

Spacer

# Units:


16

Avg Rent/Unit/Mo:

Avg Rent/SF/Mo:

$1,000


$156,000Price/Unit:

Spacer Spacer




1/1.0 16 100.0 600 - $1,000 $1,000 $1.67 $1.67 - - - - -


Page 26

Income Expense Data

$27,415

$27,415

Total Expenses


- TaxesExpenses


16

600 SF

# Units:

Avg Unit Size:



8,128 SFBldg Size:


Stories: 2


Bldg Vacant: 0 SF


Zoning: R320U, County

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.29 AC


# of Bldgs: 1

ID: 4751953


Los Angeles


Metro Market:

Submarket:

County: Los Angeles





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11718-11720 S Budlong Ave SOLD16 Unit, 8,128 SF Class C Apartments Building Built in 1955 (con't)


Page 27

10520 S Figueroa St




SOLD

14

Sale Date:

Price/SF:

Sale Price:

$228.40


12/29/2017

Bldg Type:

Land Area:

Year Built/Age:

RBA:

Apartments


12,850 SF

0.35 AC (15,094 SF)

Percent Leased: -

Transaction Details

Asking Price: -





$1,485,453 in 2017

$318,311

$1,167,142





GRM/GIM: -/-

ID: 4111961

-

Spacer

Escrow Length: -

Parcel No:

Financing:

6061-031-027, 6061-031-029

Down payment of $2,935,000.00 (100.0%)


Sale History: Sold for $2,935,000 ($228.40/SF; $139,762/Unit) on 12/29/2017Sold on 1/17/2013 Non-Arms LengthSold for $1,600,000 ($124.51/SF; $76,190/Unit) on 6/22/2006Sold for $685,000 ($53.31/SF; $32,619/Unit) on 6/3/2002

No. of Tenants: 1

Legal Desc: lot 637,638 trt 3064 bk 36 pgs 1,2

Spacer

Tenants at time of sale: 10520 Figueroa

# Units:


21


$139,762Price/Unit:

Spacer

Spacer


Page 28




Studio/1.0 12 57.1 500 - - - - - - - - - -

1/1.0 5 23.8 650 - - - - - - - - - -

2/1.0 4 19.0 900 - - - - - - - - - -

Income Expense Data

$19,610

$19,610

Total Expenses


- TaxesExpenses


21

611 SF

# Units:

Avg Unit Size:



12,850 SFBldg Size:


Stories: 2

Parking: Ratio of 1.90/1,000 SF

Bldg Vacant: 0 SF


Zoning: RD1.5, Los Angeles

Rent/SF/Yr: -

Elevators: 0

Land Area: 0.35 AC

Expenses: 2018 Tax @ $1767.53/Unit; 2011 Ops @ $8000.00/Unit

Site Amenities: Disposal, Heating, Pool

# of Bldgs: 1

Units per AC: 82

ID: 4773167


Los Angeles


Metro Market:

Submarket:

County: Los Angeles

Map(Page): Thomas Bros. Guide 704-B5




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10520 S Figueroa St SOLD21 Unit, 12,850 SF Class C Apartments Building Built in 1964 (con't)


Page 29

10412 SOUTH FIGUEROA ST. - LoopNet · 2019-04-23 · 10412 SOUTH FIGUEROA ST. 10412 South Figueroa...

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