Offering Memorandum (L) · 2017. 9. 20. · Rent Roll 18 SALES COMPARABLES Sale Comps 20 Sale Comps...
Transcript of Offering Memorandum (L) · 2017. 9. 20. · Rent Roll 18 SALES COMPARABLES Sale Comps 20 Sale Comps...
O F F E R I N G M E M O R A N D U M
ORON [email protected]
SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
CONFIDENTIALITY & DISCLAIMER
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CONFIDENTIALITY & DISCLAIMER // 2SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
BRC Advisors operates a commercial real estate business and is an affiliate or franchisee ("Affiliate") of BRC Advisors Global Affiliates, LLC ("SperryCGA"). BRC Advisors is independently owned andoperated. BRC Advisors and the owner ("Owner") of the property referenced herein ("Property") present this Confidential Offering Memorandum ("Memorandum") to assist the recipient(s) ("You" or"Your") in evaluating the Property and it is intended solely for Your limited use in determining whether you desire to acquire the Property. This Memorandum contains brief, selected informationpertaining to the Property and should not be considered all-inclusive or permanent. The information in this Memorandum has been obtained from sources believed to be reliable, but BRC Advisorsand SperryCGA have not verified it and Owner, BRC Advisors and SperryCGA do not make any guaranty, warranty or representation, express or implied, as to the accuracy or completeness of thisMemorandum or the information contained herein.
You should independently verify each item of information in this Memorandum and have the same reviewed by your tax or investment advisor and/or legal counsel. This Memorandum and anycommunications You may have with BRC Advisors, SperryCGA and/or Owner and their respective officers, brokers, agents or employees regarding this Memorandum or the Property does not in anyway constitute any legal, investment or tax advice to You. All assumptions, projections, estimates and/or opinions in this Memorandum are provided as examples only and all information is subject tochange, error, omissions and/or withdrawal without notice. Any references in the Memorandum to area, height, acreage, building or premises size or square footage are approximations only andshould be independently verified by You. Any references in the Memorandum to any lease or tenant information, including without limitation the premises, rental rates, rent escalations, commonarea expenses, percentage rents and lease maturities should be independently verified by You. You should conduct your own investigations and due diligence of the Property, including withoutlimitation environmental and physical condition inspections and reach your own conclusions regarding the suitability of the Property for investment.
BRC Advisors, SperryCGA and Owner assume no responsibility for the accuracy or completeness of any information in this Memorandum. BRC Advisors and Owner expressly disclaim any implied orexpressed warranties of merchantability, fitness for a particular purpose or non-infringement of intellectual property relating to this Memorandum. In no event shall BRC Advisors, SperryCGA orOwner be liable for any damages resulting from the reliance on or use of any information in this Memorandum, including but not limited to direct, special, indirect, consequential or incidentaldamages.
By accepting receipt of this Memorandum, You agree to the following: (a) This Memorandum is of a highly confidential nature, will be held in the strictest confidence and shall be returned to BRCAdvisors upon request; (b) You shall not contact any property manager, contractor, employee or tenant of the Property regarding the Property or this Memorandum, without prior approval of BRCAdvisors or Owner; and (c) You understand and agree that BRC Advisors represents Owner and not You and (iv) this Memorandum and this information contained therein shall not be used by You inany way that is detrimental to Owner, BRC Advisors or SperryCGA. Neither BRC Advisors, SperryCGA nor Owner shall have any obligation to pay any commission, finder's fee, or any othercompensation to any broker or other person. You may provide information to persons retained by You to evaluate the Property only after first obtaining a signed confidentiality agreement from suchpersons and providing a copy of such agreement to BRC Advisors.
The Owner expressly reserves the right, at its sole and absolute discretion, to reject any or all expressions of interest or offers to Purchase or Lease the Property, and/or to terminate discussion withYou or any other person or entity at any time with or without notice which may arise as a result of review of the Memorandum.
The Owner shall have no legal commitment or obligation to You or any person or entity reviewing this Memorandum or making an offer to purchase, lease, or finance the Property unless and untilwritten agreement(s) for the purchase or finance of the Property that are satisfactory to Owner in its sole and absolute discretion have been fully executed, delivered and approved by the Owner andany conditions to the Owner's obligations therein have been satisfied or waived.
TABLE OF CONTENTS
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TABLE OF CONTENTS // 3SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
PROPERTY INFORMATION5Executive Summary6Property Description7Property Details8Complete Highlights9Additional Photos
LOCATION INFORMATION13Regional Map14Location Maps15Aerial Map
FINANCIAL ANALYSIS16Financial Summary17Income & Expenses18Rent Roll
SALES COMPARABLES20Sale Comps23Sale Comps Summary24Sale Comps Map
RENT COMPARABLES26Rent Comps28Rent Comps Summary29Rent Comps Map
DEMOGRAPHICS31Demographics Report32Demographics Map
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SECTION 1 // 4SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
SECTION 1 P R O P E R T Y I N F O R M A T I O N
P R I M E M A R V I S T A H O U S E W I T H F O U R 2 / 1 ' S I N R E A R - 2 V A C A N T U N I T S 1 2 7 5 7 M A T T E S O N A V E , L O S A N G E L E S , C A 9 0 0 6 6
EXECUTIVE SUMMARY / / 5SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
PROPERTY OVERVIEW
Perfect for an owner-user or investor, with over 32% upside in rents, 12757 Matteson Ave consists of two buildings with five total units. In front is a 4-bed/2-bath house with tandem parking for 2 cars, accessed from Matteson Ave. The rear building features four 2-bed/1-bath units and four parking spaces, accessed from the alley. Two units in the rear building will be delivered vacant at the close of escrow, both of which have been immaculately remodeled. The two buildings are separated by a courtyard with a BBQ area and separate seating area. An owner can add a partition to the front house to create privacy from the back units. Many units have updates but there is opportunity to rehab the front house or add a second story to add tremendous upside in rents.
The property is zoned R3, so a second story can maybe potentially be added to the front house per zoning (seller makes no warranty).
PROPERTY HIGHLIGHTS
• Five total units, two buildings
• Two units delivered vacant at COE, both of which has been immaculately remodeled
• Located in the heart of Mar Vista, just east of Venice Beach
• Close to the trendy shopping and restaurants of Venice Blvd, Abbot Kinney, Venice Beach, and Silicon
Beach
• Opportunity to rehab, add-on, and add additional income/value
• Perfect for owner-user or investor
• Detached 4BD 2BA Single Family Residence with private yard perfect for owner user
• Approximately 32% upside in rents
PROPERTY SUMMARY
Sale Price: $2,800,000
Number Of Units: 5
Cap Rate: 3.97%
NOI: $111,128
Lot Size: 0.16 Acres
Building Size: 3,844 SF
Year Built: 1962
Zoning: LAR3
Market: Mar Vista
Cross Streets: Matteson Ave & Wade St
EXECUTIVE SUMMARY
LOCATION DESCRIPTION
12757 Matteson is well located near the creative and tech hubs of Venice and Playa Vista, Venice Beach,Abbot Kinney, LAX, and the 405 freeway.
The subject property is close to "Silicon Beach" -- one of the top three tech hubs in the world -- whichhouses the headquarters of Snapchat, Google, Apple (coming soon), YouTube, Yahoo!, Salesforce, AOL,Electronic Arts, and Hulu, to name a few.
Also nearby is Abbot Kinney, one of the trendiest retail corridors in LA featuring high-end shopping(Burro, Warby Parker, Aesop, Bazar, Gant ) and popular restaurants (Gjelina, The Tasting Table, The Brig,Hal's Bar & Grill, Salt & Straw), galleries (De Soto Gallery, G2 Gallery, Hamilton Press Gallery) and more.World famous Venice Beach is directly down the road to the west. A popular destination for locals andtourists, the subject property's location is sure to be attractive to potential renters and in high demand.Popular Venice Beach locales include the boardwalk, Muscle Beach, handball courts, basketball courts,paddle tennis courts, Skate Dancing plaza, beach volleyball courts, and the bike path.
12757 Matteson Ave is situated in the heart of the Mar Vista "micro-hood" on Venice Blvd. The"micro-hood" features plenty of window shopping, eateries, and the weekly Mar Vista Farmers Market.Joining neighborhood staples like Sam Johnson's bookshop, Mitsuwa Market, and Bowlero Mar Vista arenew popular restaurants (The Mar Vista, Status Kuo, Earl's Gourmet Grub, Venice Grind Coffee) and newretail shops (Surfing Cowboys, Bikerowave, Vintage) putting the subject property in the perfect locationfor L.A.'s next hot neighborhood.
ZONING
LAR3
PROPERTY DESCRIPTION
P R I M E M A R V I S T A H O U S E W I T H F O U R 2 / 1 ' S I N R E A R - 2 V A C A N T U N I T S 1 2 7 5 7 M A T T E S O N A V E , L O S A N G E L E S , C A 9 0 0 6 6
PROPERTY DESCRIPTION / / 6SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
PROPERTY DETAILS
PROPERTY ADDRESS: 12757 Matteson AveLos Angeles, CA 90066
APN: 4236-017-021
LOT SIZE: 7,101 SF
BUILDING SIZE: 3,844 SF
ZONING: LAR3
PARKING SPACES: 6
YEAR BUILT: 1962
NUMBER OF UNITS: 5
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COMPLETE HIGHLIGHTS
PROPERTY HIGHLIGHTS
• Five total units, two buildings
• Two units delivered vacant at COE, both of which has beenimmaculately remodeled
• Located in the heart of Mar Vista, just east of Venice Beach
• Close to the trendy shopping and restaurants of VeniceBlvd, Abbot Kinney, Venice Beach, and Silicon Beach
• Opportunity to rehab, add-on, and add additional income/value
• Perfect for owner-user or investor
• Detached 4BD 2BA Single Family Residence with privateyard perfect for owner user
• Approximately 32% upside in rents
P R I M E M A R V I S T A H O U S E W I T H F O U R 2 / 1 ' S I N R E A R - 2 V A C A N T U N I T S 1 2 7 5 7 M A T T E S O N A V E , L O S A N G E L E S , C A 9 0 0 6 6
COMPLETE HIGHLIGHTS / / 8SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
PHOTOS OF HOUSE
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The 4-bed/2-bath 1,028+ SQ FT front house offers many possibilitiesfor an owner-user or investor. The unit currently rents for$3,656 but has a pro forma potential of $6,500/month.The R3 zoning potentially allows for a second story and additional square footage, or conversion to new multi-family 4-Plex in the front.
House could be easily partitioned from the rear units by adding a hedge and/or fencing to create private rear yard/patio behind the house, enjoying both privacy and income from the rear units. Front house has all parking & entry from Matteson Ave, rear 4-Plex has all parking & entry from the alley.
VACANT UNIT PHOTOS
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ADDITIONAL PHOTOS / / 10SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
• Vacant unit in rear building• Immaculately remodeled• Market rent: $2,995
UPPER UNIT PHOTOS
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ADDITIONAL PHOTOS / / 11SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
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SECTION 1 L O C A T I O N I N F O R M A T I O N
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SECTION 2 / / 13SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
12757 Matteson Ave
REGIONAL MAP
LOCATION MAPS
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AERIAL MAP
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SECTION 3 F I N A N C I A L A N A L Y S I S
FINANCIAL SUMMARY
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SECTION 3 / / 17SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
INVESTMENT OVERVIEW CURRENT PRO FORMA
Price $2,800,000 $2,800,000Price per Unit $560,000 $560,000GRM 18.5 12.63CAP Rate 4.0% 7.92%Cash-on-Cash Return (yr 1) 3.97 % 7.92%Total Return (yr 1) $111,128 $221,760Debt Coverage Ratio -
OPERATING DATA CURRENT PRO FORMA
Gross Annual Scheduled Income $151,704 $221,760Other Income - -Total Scheduled Income $151,704 $221,760Vacancy Cost $0 $0Gross Annual Income $151,704 $221,760Operating Expenses $40,576 $40,576Net Operating Income $111,128 $181,184Pre-Tax Cash Flow $111,128 $181,184
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
INCOME & EXPENSES
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INCOME SUMMARY CURRENT MONTHLY PER SF / YEAR PRO FORMA MONTHLY PER SF / YEAR
GROSS INCOME $151,704 $12,642 $39.47 $221,760 $18,480 $57.69
EXPENSE SUMMARY CURRENT MONTHLY PER SF / YEAR PRO FORMA MONTHLY PER SF / YEAR
TAXES $32,480 $2,706 $8.45 $32,480 $2,706 $8.45INSURANCE $1,598 $133 $0.42 $1,598 $133 $0.42WATER $3,172 $264 $0.83 $914 $76 $0.24GAS $914 $76 $0.24 $972 $81 $0.25GARDENER $1,440 $120 $0.37 $1,440 $120 $0.37TRASH $972 $81 $0.25 $3,172 $264 $0.83
GROSS EXPENSES $40,576 $3,381
$28.91
$40,576 $3,381 $10.56
NET OPERATING INCOME $111,128 $9,260 $181,184 $15,098 $47.13
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
$10.56
RENT ROLL
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TENANTNAME
UNITNUMBER
UNITBED
UNITBATH
UNITSIZE (SF)
CURRENTRENT
MARKETRENT
House 4 2 1,028 $3,656 $6,500
1 2 1 704 $2,995* (Vacant) $2,995
2 2 1 704 $1,547 $2,995
3 2 1 704 $2,995* (Vacant) $2,995
4 2 1 704 $1,448 $2,995
Totals/Averages 5 12 6 3,844 $6,652 $18,480
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
*These units are currently vacant; both of which have been immaculately remodeled. Pro forma market rent for these units is $2,995.
*Two Vacant Units
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SECTION 4 / / 20SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
SECTION 4 S A L E S C O M P A R A B L E S
SALE COMPS
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SUBJECT PROPERTY
12757 Matteson Ave | Los Angeles, CA 90066
$2,800,000Sale Price:
1962Year Built:
3,844 SFBuilding SF:
$728.41Price PSF:
5No. Units:
$560,000Price / Unit:
18.46GRM:
3.97%Cap:
$111,128NOI:
3792 Ashwood Ave | Los Angeles, CA 90066
$1,465,000Sale Price:
1949Year Built:
2,499 SFBuilding SF:
$586.23Price PSF:
7No. Units
$209,285Price / Unit
3.5%CAP:
09/22/2016Closed:
16.8GRM:
$58,809NOI:
1
3745 S Centinela Ave | Los Angeles, CA 90066
$1,763,000Sale Price:
1959Year Built:
4,554 SFBuilding SF:
$387.13Price PSF:
5No. Units
$352,600Price / Unit
3.46%CAP:
08/15/2017Closed:
18.25GRM:
$62,215NOI:
23605 Beethoven St | Los Angeles, CA 90066
$1,915,000Sale Price:
1985Year Built:
3,267 SFBuilding SF:
$586.16Price PSF:
4No. Units
$478,750Price / Unit
3.3%CAP:
06/13/2017Closed:
18.6GRM:
$61,606NOI:
3
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
SALE COMPS
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12734 Caswell Ave | Los Angeles, CA 90066
$2,450,000Sale Price:
1962Year Built:
6,771 SFBuilding SF:
$361.84Price PSF:
9No. Units
$272,222Price / Unit
01/03/2017Closed:
16GRM:
$99,727NOI:
44041 Wade St | Los Angeles, CA 90066
$3,085,000Sale Price:
1938Year Built:
7,170 SFBuilding SF:
$430.26Price PSF:
5No. Units
$617,000Price / Unit
2.08%CAP:
07/17/2016Closed:
23.93GRM:
$62,636NOI:
5
11825 Culver Blvd | Los Angeles, CA 90066
$1,490,000Sale Price:
1953Year Built:
1,828 SFBuilding SF:
$815.10Price PSF:
3No. Units
$496,666Price / Unit
5.05%CAP:
08/24/2017Closed:
14.87GRM:
$75,763NOI:
63794 Meier St | Los Angeles, CA 90066
$1,005,000Sale Price:
1948Year Built:
1,064 SFBuilding SF:
$944.55Price PSF:
2No. Units
$502,500Price / Unit
08/05/2016Closed:
18GRM:
$41,220NOI:
7
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
SALE COMPS
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SECTION 4 / / 23SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
3837 Beethoven St | Los Angeles, CA 90066
$1,075,200Sale Price:
1962Year Built:
1,296 SFBuilding SF:
$829.63Price PSF:
3No. Units
$358,400Price / Unit
04/13/2016Closed:
8
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
SALE COMPS SUMMARY
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS
12757 Matteson AveLos Angeles, CA90066
$2,800,000 3,844 SF $728.41 $560,000 3.97% 18.46 5
SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE
13792 Ashwood AveLos Angeles, CA90066
$1,465,000 2,499 SF $586.23 $209,285 3.5% 16.8 7 09/22/2016
23745 S Centinela AveLos Angeles, CA90066
$1,763,000 4,554 SF $387.13 $352,600 3.46% 18.25 5 08/15/2017
33605 Beethoven StLos Angeles, CA90066
$1,915,000 3,267 SF $586.16 $478,750 3.3% 18.6 4 06/13/2017
412734 Caswell AveLos Angeles, CA90066
$2,450,000 6,771 SF $361.84 $272,222 - 16 9 01/03/2017
54041 Wade StLos Angeles, CA90066
$3,085,000 7,170 SF $430.26 $617,000 2.08% 23.93 5 07/17/2016
611825 Culver BlvdLos Angeles, CA90066
$1,490,000 1,828 SF $815.10 $496,666 5.05% 14.87 3 08/24/2017
73794 Meier StLos Angeles, CA90066
$1,005,000 1,064 SF $944.55 $502,500 - 18 2 08/05/2016
83837 Beethoven StLos Angeles, CA90066
$1,075,200 1,296 SF $829.63 $358,400 - - 3 04/13/2016
TOTALS/AVERAGES $1,781,025 3,556 SF $500.85 $374,952 3.48% 18.06 4.75
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SECTION 4 / / 24SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
SALE COMPS MAP
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SECTION 4 / / 25SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
12757 Matteson Ave | Los Angeles, CA 90066SUBJECT PROPERTY
1
3792 Ashwood AveLos Angeles, CA 90066
2
3745 S Centinela AveLos Angeles, CA 90066
3
3605 Beethoven StLos Angeles, CA 90066
4
12734 Caswell AveLos Angeles, CA 90066
5
4041 Wade StLos Angeles, CA 90066
6
11825 Culver BlvdLos Angeles, CA 90066
7
3794 Meier StLos Angeles, CA 90066
8
3837 Beethoven StLos Angeles, CA 90066
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
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SECTION 5 / / 64SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
SECTION 5 R E N T C O M P A R A B L E S
RENT COMPS
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SECTION 5 / / 27SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
SUBJECT PROPERTY
Los Angeles, CA 9006612757 Matteson Ave
1962Year Built: 0.16 ACLot Size:
5No. Units: $1.73Avg. Rent/SF:
$1,330Avg. Rent: 768 SFAvg. Size:
UNIT TYPE # UNITS % OF SIZE SF RENT RENT/SF
4 br / 2 ba 1 20.0 1,028 $3,656 $3.56
2 br / 1 ba 4 80.0 704 $749 $1.06Liquid error: no implicit conversion from nil to integer
TOTAL/AVG 5 100% 768 $1,330 $1.73
Los Angeles, CA 900664040 Grand View Blvd
850 SFBldg Size:
UNIT TYPE SIZE SF RENT RENT/SF
2+1.5 850 $2,950 $3.47Liquid error: no implicit conversion from nil to integer
1
1
Los Angeles, CA 9006612506 Pacific Ave
0 SFBldg Size:
UNIT TYPE RENT
2+2 $2,995Liquid error: no implicit conversion from nil to integer
2
2
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
RENT COMPS
1 2 7 5 7 M A T T E S O N A V E L O S A N G E L E S , C A 9 0 0 6 6
SECTION 5 / / 28SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
Los Angeles, CA 90066Beethoven St at Matteson St
1,050 SFBldg Size:
UNIT TYPE SIZE SF RENT RENT/SF
2+1 1,050 $3,395 $3.23Liquid error: no implicit conversion from nil to integer
3
3
Los Angeles, CA 90066Lamanda St at Inglewood Blvd
1,100 SFBldg Size:
UNIT TYPE SIZE SF RENT RENT/SF
2+1 1,100 $2,895 $2.63Liquid error: no implicit conversion from nil to integer
4
4
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
RENT COMPS SUMMARY
1 2 7 5 7 M A T T E S O N A V E L O S A N G E L E S , C A 9 0 0 6 6
SECTION 5 / / 29SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
RENT COMPS RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %
14040 Grand View BlvdLos Angeles, CA90066
- 0 SF 850 SF - -
212506 Pacific AveLos Angeles, CA90066
- 0 SF 0 SF - -
3Beethoven St at Matteson StLos Angeles, CA90066
- 0 SF 1,050 SF - -
4Lamanda St at Inglewood BlvdLos Angeles, CA90066
- 0 SF 1,100 SF - -
TOTALS/AVERAGES $0.00 0 SF 1,000 SF 0 0%
SUBJECT PROPERTY RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %
12757 Matteson AveLos Angeles, CA 90066
$1.73 0 SF 3,844 SF 5 -
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
RENT COMPS MAP
1 2 7 5 7 M A T T E S O N A V E L O S A N G E L E S , C A 9 0 0 6 6
SECTION 5 / / 30SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
12757 Matteson Ave | Los Angeles, CA 90066SUBJECT PROPERTY
1 4040 Grand View BlvdLos Angeles, CA 90066
2 12506 Pacific AveLos Angeles, CA 90066
3 Beethoven St at Matteson StLos Angeles, CA 90066
4 Lamanda St at Inglewood BlvdLos Angeles, CA 90066
*This information has been obtained from sources we believe to be reliable. While Sperry Commercial Global Affiliates – BRC Advisors does not doubt its accuracy, we make no representations or warranties, expressed or implied about it. It is your responsibility toindependently confirm its accuracy and completeness.
1 2 7 5 7 M A T T E S O N A V E L O S A N G E L E S , C A 9 0 0 6 6
SECTION 6 / / 31SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
SECTION 6 D E M O G R A P H I C S
DEMOGRAPHICS REPORT
1 2 7 5 7 M A T T E S O N A V E L O S A N G E L E S , C A 9 0 0 6 6
SECTION 6 / / 32SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
0.25 MILES 0.5 MILES 1 MILE
Total households 2,021 5,339 16,961
Total persons per hh 2.1 2.2 2.2
Average hh income $60,366 $76,265 $92,959
Average house value $792,571 $774,043 $778,047
0.25 MILES 0.5 MILES 1 MILE
Total population 4,251 11,506 36,815
Median age 34.1 35.7 38.0
Median age (male) 36.0 35.8 37.8
Median age (female) 33.0 36.1 38.5
* Demographic data derived from 2010 US Census
1 2 7 5 7 M A T T E S O N A V E L O S A N G E L E S , C A 9 0 0 6 6
SECTION 6 / / 33SperryCGA - BRC Advisors / / 700 SOUTH FLOWER STREET, SUITE 2650, LOS ANGELES, CA 90017 // SPERRYCRE.COM
* Demographic data derived from 2010 US Census
0.25 Miles 0.5 Miles 1 Mile
Total Population 4,251 11,506 36,815
Population Density 21,650 14,650 11,719
Median Age 34.1 35.7 38.0
Median Age (Male) 36.0 35.8 37.8
Median Age (Female) 33.0 36.1 38.5
Total Households 2,021 5,339 16,961
# of Persons Per HH 2.1 2.2 2.2
Average HH Income $60,366 $76,265 $92,959
Average House Value $792,571 $774,043 $778,047
DEMOGRAPHICS MAP