Download - Acquisition Proposal - 3181 La Clede Ave Los Angeles CA 90039

8/8/2019 Acquisition Proposal - 3181 La Clede Ave Los Angeles CA 90039

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Broker Price Opinion (BPO)

Real Estate Parcel # ________________________________________________

Property Address ________________________________________________

Property Owner(s) ________________________________________________

Property Value:

Repair BidAmount: ______________ Occupied: Vacant:

As-is Condition $______________ Repaired Condition $______________

Value Determined by: Drive-by Inspection: Interior Inspection:

Address / Price of most comparable Listing and Sale:

Listing:_______________________________Price:__________DOM:______________

Sale:_________________________________Price:__________Date Closed:________

Subject Property Data:

Property Type _________________ (SFR, MFR, Condo, etc.)

# Bedrooms _________________ Year Built ______________

# Baths _________________ Basement (Yes/No) ______________

Square Feet _________________ Listed for Sale (Yes/No) ______________

Additional Property Features: (please check if available)

Air Conditioning Garage Fenced

City Water Pool Additional Lots

City Sewer Outbuildings Deck

If property is or was listed for sale, attach listing information.

Report By: ____________________________________________________

Email: ___________________________________________________

Phone: ___________________________________________________

5436-009-024

3181 Le Clede Avenue Los Angeles CA 90039

Wells Fargo NA

40,000

355,000 519,000

3175 La Clede Los Angeles CA 90039 549,000 27

2 Unit

4

2.5

1960

NO

1,909 YES

Ernie Espinoza

[email protected]

626.278.1415


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Referred By:INVESTMENT PROPERTY PROFORMA Asset Manager:11/14/2010

Address: Sqft:1,909 Purchase at: $355,000

Opening Bid $355,000

Bedrooms 4 Per Sq Ft 186$Baths 1.75Year Built 19602 unit property - Room mix 3/1 and 1/1

Per Original CashHolding Period % Sq Ft Budget Investment

Sales Price (Re-Sale Value) ARV (AFTER REPAIR VALUE) 100.0% 271.87$ 519,000.00$

Less Cost of Sales

Purchase Price 68.4% 185.96$ 355,000.00$ 355,000$Construction / Repairs 7.7% 20.95 40,000.00$ 40,000.00$Delinquent Property Taxes 0.0% - -$Delinquent Special Taxes (HOA) 0.0% - -$Delinquent Federal Taxes (IRS Lien) 0.0% - -$Eviction Costs 0.0% - -$ -$Fire Insurance Policy 0.0% 0.14 257.72$ 257.72$Recording/Doc Transfer Tax 0.1% 0.21 400.00$ 400.00$Temporary Utilities(Gas,Water,SCE) 0.1% 0.16 300.00$ 300.00$Monthly Maintenance 3 0.05% 0.16 300.00$ 300.00$

Other - 1% Finders Fee 0.0% - -$ -

Total Cost of Sales 76.4% 207.57$ 396,257.72$ 396,258$

Gross Profit 23.6% 64.30$ 122,742.29$

Less Point of Sale Expenses

Sales Commission-In House 2.5% 6.80$ 12,975.00$Sales Commission-Co Op 2.5% 6.80 12,975.00$Property Taxes - Current Year Proration 0.5% 0.42 804.00$Escrow/Title Closing Costs 0.5% 1.36 2,595.00$Pest Inspection Report 0.1% 0.08 150.00$Natural Hazard Disclosure 0.1% 0.07 125.00$Homebuyers Warranty 0.0% - -$

1% Asset Mgt Co. Fee 0.0% - -$

Total Point of Sale Expenses 6.2% 15.52$ 29,624.00$ -$

Contribution Margin 17.5% 48.78$ 93,118.29$ -$

Other Expenses

Cost Of Funds 3 1.00% 6.23 11,887.73$

Total Other Expenses 1.0% 6.23$ 11,887.73$ -$

Net Profit 16.5% 42.55$ 81,230.55$

Return on Investment (Net Profit/Total Cash Investment 20.50%

Annualized ROI (based on 90 day sales) x 4 82.00%

Director Director Date Director Date

C:\Users\Ernesto Espinoza\Desktop\La Clede\Proforma La Clede 11/14/2010


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Ernesto Espinoza

1 message

[email protected] Thu, Nov 11, 2010 at 2:31PM

Reply-To: Ernie Espinoza To: Ernie Espinoza

-

STATUS: Active ADDRESS: 3181 LA CLEDE AVE , LOS ANGELES 90039 LP: $374,900

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RESIDENTIAL INCOME DOM: 44AREA: (21) Silver Lake - EchoPark

MLS#: 10-481295 LD: 09/27/2010

APN: 5436-009-024 ADP: STYLE: MAP: 594/F2 SP: 0

NUM UNITS: 2APX

LSZ: 5,401/ASPOOL: No CVD PKG: 0 SD:

APX SF: 1,909/AS APX LDM: TRASH: NUM PKG: 2YB: 1960 GI: $0 GRM: 0.00 SCHED/ACT: Actual WATER:RC: 100 GOI: 0 CAP: TAXES: VAC: 100%CONST: AOE: INS: GRDN: MGMNT:NUM ST O: 0 ATE: $0 ELEC: MAINT: POOL EXP:ZONE: LARD2 NOI: $0 GAS: MGR: ELEV:ASSED IMP

VAL: $26,026ASSED TOT VAL:

ASSED LND

VAL: $28,729LT: 299

Type Number of Units Bedrooms Baths Furnished(y/n) Revenue

Unit 1 1 1 1.00 No $0Unit 2 1 3 1.50 No $0

DIRECTIONS: Glendale Blvd. to La Clede Avenue.REMARKS: Great investment opportunity to own a duplex in the heart of Atwater Village. Two units on a lot. Front unit is athree bedroom one bath with open f loor plan. Rear unit is a one bedroom one bath, with nice sized kitchen and living area.Tons of potential located close to shopping, schools, and public transportation. Buyer do their own investigation to satisfythemselves as to the condition, permits, and zoning. This is a Fannie Mae HomePath approved Property. Purchase thisproperty for as little as 3% down! This property is approved for HomePath Mortgage Financing and HomePath RenovationMortgage Financing. Call listing agent today for more information! Close by December 31, 2010 and receive up to 3.5% in

l - La Clede https://mail.google.com/mail/?ui=2&ik=4a4ae4bd62&view=pt&q

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closing costs assistance! Plus, selling agent receives $1,500 bonus. Click HomePath.com Special Offers for more detailsor ask me. Eligibility restrictions apply.

AIR: None HEAT: OtherROOF: FIN:WATERFRONT: DISC: Lender Owned/REOSEWER: TYPE: DUPLEXEQUIP: None TENANT PAYS:OWNER PAYS: OCC/SHOW:

SPA: SALE TYPE: Real Estate Owned

LP: $374,900 DOM: 44 LD: 09/27/2010 SP: SSP: BLOG Y/ N: Yes LP/SF: $196.39

OLP: $374,900 CD: SD: WD: AVM Y/N: Yes SP/SF:

Broker/Agent does not guarantee the accuracy o f the square footage, lot size o r other information concerning the conditions or featuresof the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify theaccuracy of all information through personal inspection and w ith appropriate professionals. Copyright 2010 by CombinedL.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Ernesto Espinoza DRE# 01516070

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STATUS: Active ADDRESS: 3175 LA CLEDE AVE , LOS ANGELES 90039 LP: $549,000

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RESIDENTIAL INCOME DOM: 27 AREA: (22) Los Feliz MLS#: 10-484975 LD: 10/14/2010APN: 5436-009-026 ADP: No STYLE: Mid-Century MAP: 594/F2 SP: 0NUM UNITS: 2 APX LSZ: 5,401/VN POOL: No CVD PKG: 2 SD:APX SF: 1,262/VN APX LDM: TRASH: NUM PKG: 4YB: 1949 GI: $0 GRM: 11.98 SCHED/ACT: Scheduled WATER:RC: GOI: 0 CAP: TAXES: VAC: 100CONST: AOE: INS: GRDN: MGMNT:

NUM ST O: 0 ATE: $0 ELEC: MAINT: POOL EXP:ZONE: LARD2 NOI: $0 GAS: MGR: ELEV:ASSED IMP VAL: $38,611 ASSED TOT VAL: ASSED LND VAL: $172,005 LT: 299

Type Number of Units Bedrooms Baths Furnished(y/n) Revenue

Unit 1 2 2 1.00 No $2,000

DIRECTIONS: WEST OF FLETCHER, NORTH OF PERLITA.REMARKS: "I feel the need the need for La Clede." Two sweet mid-century homes on one lot with 2 bedrooms and 1bath each! New hardwood floors, renovated kitchens and baths, new central A/C and heat, bolted foundations, separateyard spaces and two garages perfect for storage, studio space or a launching pad for Rock-n-Roll greatness. Thisproperty is chock-full of possibilities: live in one and rent out the other to minimize your mortgage, buy with a buddy and


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enjoy your own mid-century compound, or be lord/lady of the land and bathe in the stream of rental income. Whatever youchoose to do with this property, Group3 guarantees youll do it in style.

AIR: Central HEAT: CentralROOF: FIN: Cash To New LoanWATERFRONT: DISC: NoneSEWER: In Street TYPE: DetachedEQUIP: Dishwasher,Garbage Disposal,Range/Oven TENANT PAYS:OWNER PAYS: OCC/SHOW: MLS Lock Box,Supra Lock Box,Vacant

SPA: SALE TYPE: Standard

LP: $549,000 DOM: 27 LD: 10/14/2010 SP: SSP: BLOG Y/ N: Yes LP/SF: $435.02

OLP: $575,000 CD: SD: WD: AVM Y/N: Yes SP/SF:

Broker/Agent does not guarantee the accuracy o f the square footage, lot size o r other information concerning the conditions or featuresof the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify theaccuracy of all information through personal inspection and w ith appropriate professionals. Copyright 2010 by CombinedL.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Ernesto Espinoza DRE# 01516070

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