Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

20
 Broker Price Opinion (BPO)  Real Estate Parcel #  ________________________________________________  Property Address  ________________________________________________  Property Owner(s)  ________________________________________________  Property Value: Repair Bid Amount:  ______________  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 pro perty is or w as listed for sale, attach listing information. Report By:  _______________  Email:  ___________________________________________________ Phone:  ___________________________________________________ 5024-015-014 4249 S Norton Ave Los Angeles CA 90008 Wells Fargo Bank NA 40,000 220,000 350,000 4218 S Bronson Los Angeles CA 90008 435,000 56 days (over priced for area) 3935 S Norton Avenue Los Angeles CA 90008 360,000 05/13/2010 SFR 2 1.5 1938 NO 1,541 YES Ernie Espinoza ernie.espinoz a@gadishpro perties.com 626.278.1415

Transcript of Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 1/20

Broker Price Opinion (BP O)

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 pro perty is or w as listed for sale, attach listing information.

Report By: ____________________________________________________

Email: ___________________________________________________

Phone: ___________________________________________________

5024-015-0144249 S Norton Ave Los Angeles CA 90008

Wells Fargo Bank NA

40,000220,000 350,000

4218 S Bronson Los Angeles CA 90008 435,000 56 days (over priced for area)

3935 S Norton Avenue Los Angeles CA 90008 360,000 05/13/2010

SFR21.5

1938NO

1,541 YES

Ernie [email protected]

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 2/20

-

STATUS: Active ADDRESS: 4249 S Norton Ave , Los Angeles ,CA 90008 LP : $234,900

Add'l Photos

Larger Map Aerial Map Plat Map

CLICK HERE TO VIEWTHE MAP IMAGE!

RESIDENTIAL SINGLE FAMILY AREA: (34) Los Angeles Southwest MLS#: P754937SC MAP: 673/F3 BR : 2STYLE: Traditional SUB: PUD: YB: 1931 BA : 2.00APN: 5024-015-014 ZONE: HOD: $0.00 STO: APX SF: 1,548ADP: VU : No PL: No APX LDM: 40x102 APX LSZ: 4,080APX ACREAGE: 0.09 GH: N/A FP : PKGT: HORSE PROP: LSE: No LOP: FUR: PKGC:ELEM: JRHS: SRHS:

DIRECTIONS: S NORTON AND STOCKER STREMARKS: SPANISH STYLE HOME THAT IS WAITING FOR YOU. NO MORE DRIVING AROUND AND WASTING GAS BECAUSE YOUHAVE FOUND YOUR KEEPER. PROPERTY IS A 2 BEDROOM 2 BATH WITH LARGE ROOMS, THIS IS A GREAT STARTER HOME FOR ASMALL FAMILY. IF YOU LOVE TO FIX UP HOUSES AND MAKE IT YOUR VISION THIS IS PERFECT. FEATURES LONG DRIVEWAY, LOW

MAINTEANCE BACKYARD, CLOSE TO SHOPPING, SCHOOLS, AND PARKS.

ROOMS: EQUIP: AIR: Other HEAT: OtherFLOOR: LAUNDRY: FIREPL: Wood Burning,Living Room ROOF: Composition,ShinglePOOL: None TENNIS: PARK: SPA: NoneVIEW TYPE: None WATERFRONT: SEC: FIN: Cash,Cash To New LoanSEWER: In Street, Paid POSS: DISC: Lender Owned/REO SZONE: OCC/ SHOW: Other,Vacant SALE TYPE: Real Estate Owned

LP : $234,900 DOM: 38 LD : 09/24/2010 SP : SSP: BLOG Y/ N: Yes LP/SF: $151.74OLP: $249,900 CD: SD: WD: AV M Y / N : Yes SP/SF:

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained

from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright ©2010 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Ernesto Espinoza DRE# 01516070

Page 1 of 1CLIENT DETAIL

11/1/2010http://pro.themls.com/All_Searches_Preview_Files/one_client_detail_previe ...

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 3/20

A(2) B(0) P(3) S(2) E(0) W(0) C(0) H(0) L(0)

# S AR ADDRESS ZIP LP SP BR BA SF LSZ YBMAP/

XYLD

STDATE

MLS # TYPE

1 A 34 4218 S BRONSON AVE 90008 $435,000 2 1.5 1420 4284 1932 673E3 6/13/2010 6/13/2010 10-457171 SFR

2 A 34 4249 S Norton Ave 90008 $234,900 2 2 1548 4080 1931 673F3 9/24/2010 9/24/2010 P754937SC SFR

3 P 41 4210 11TH AVE 90008 $335,000 2 1 1511 4532 1936 673F3 5/11/2009 11/1/2009 09-369457 SFR

4 P 1373 4247 11TH AVE 90008 $200,000 2 1 1456 4532 1941 673F3 7/17/2010 8/7/2010 10-465689 SFR

5 P 34 3985 Cherrywood Ave 90008 $299,900 2 2 1577 7170 1939 673F2 12/6/2009 10/15/2010 P713384SC S FR

6 S 34 3952 MCCLUNG DR 90008 $348,800 $351,000 2 1 1200 5751 1939 673E2 6/22/2010 8/23/2010 10-459413 SFR

7 S 34 3935 S NORTON AVE 90008 $360,000 $360,000 2 2 1472 6000 1937 673F2 1/16/2010 5/13/2010 10-421909 SFR

Broker/Agent does not guarantee t he accuracy of the square foot age, lot size or ot her information concerning the conditions or features of the property provided by the seller or obtained from Public Records or othersources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2010 by Combined L.A./Westside MLS, Inc. Informationdeemed reliable but not guaranteed.

Driving Direction Print

1

2

3

4

5

6

7

© 2010 Microsoft Corporation © 2010 NAVTEQ © AND

600 yds

rintView http://www.themls.com/bingmaps/MapPrintView/?map=vmUchv7kR3c

11/1/2010 5

SUBJECT

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 4/20

STATUS: Active ADDRESS: 4218 S BRONSON AVE , LOS ANGELES 90008 LP : $435,000

Add'l Photos

View Larger MapRESIDENTIAL SINGLE FAMILY AREA: (34) Los Angeles Southwest MLS#: 10-457171 MAP: 673/E3 BR : 2STYLE: California Bungalow SUB: PUD: Y B: 1932 BA : 1.50APN: 5024-015-031 ZONE: LAR1 HOD: $0.00 STO: 1 APX SF: 1,420/ASADP: VU: Yes PL: No APX LDM: APX L SZ: 4,284/ASAPX A CREAGE: GH: N/A FP : PKGT: 2HORSE PROP : LSE: LOP: FUR: No PKGC:ELEM: JRHS: SRHS:

DIRECTIONS: South of Stocker, West of Norton.REMARKS: Wow! What An Amazing Home! Wonderful Charm And Loads Of Character Inside & Out! Beautifully Re-Finished HardwoodFloors! Modern, Updated Kitchen! Luxurious Main Bath With Spa Tub! Huge 'Old-World' Fireplace! Wood-Beamed Vaulted Ceilings! GorgeousDetails Abound! So Much Home For Such A Great Price! You Just Have To See It In Person! Pre-Approved & Qualified Buyer AppointmentsOnly.

ROOMS: Basement,Breakfast Area,Dining,Living,Patio OpenEQUIP: Alarm SystemAIR: None HEAT: CentralFLOOR: Hardwood,Mixed,Tile LAUNDRY: InsideFIREPL: Living Room ROOF: POOL: TENNIS: PARK: Carport,Detached,Garage,Gated,Private Garage,Side By Side SPA: VIEW TYPE: Walk Street WATERFRONT: SEC: FIN: SEWER: POSS: DISC: LA/Owner Related SZONE: OCC/SHOW: 24-hr Notice,Call LA 1 SALE TYPE: Standard

LP: $435,000 DOM: 56 LD: 06/13/2010 SP : SSP: BLOG Y/N: Yes LP/SF: $306.34OLP: $399,950 CD: SD: WD: AVM Y/N: Yes SP/SF:

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

Page:1

file:///C:/Users/ERNEST~1/AppData/Local/Temp/FF0E5EA4-0927-DF

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 5/20

STATUS: Pending ADDRESS: 4210 11TH AVE , LOS ANGELES 90008 LP: $335,000

Add'l Photos

View Larger MapR ES I DE NT I A L S I NGL E FA MI LY A R EA : (41) Park Hills Heights MLS#: 09-369457 MAP: 673/F3 BR : 2STYLE: Spanish SUB: PUD: Y B: 1936 BA : 1.00APN: 5024-022-017 ZONE: LAR1 HOD: $0.00 STO: 1 APX SF: 1,511/ASADP: VU: No P L: No APX LDM: APX L SZ: 4,532/ASAPX A CREAGE: GH: Det'd FP : 1 PKGT: HORSE PROP : No LSE: No LOP: No FUR: No PKGC: 0ELEM: JRHS: Audubon SRHS: Crenshaw

DIRECTIONS: Take Crenshaw to Stocker. Go East on Stocker. Go South on 11th Ave.REMARKS: OWNER'S LOSS IS YOUR GAIN! Awesome opportunity in Leimert Park. Pictures say it all. Most of the original touches have beenenhanced. Crown Moldings, gleaming dark hardwood floors, plus an updated bathroom. Originally built as a 2 bedroom, 1 bath, the garagehas also been converted into an additional bedroom or office. There's also a charming courtyard, just waiting to be restored to its originalcharm. Property is a short sale. Just need YOUR offer! Welcome Home.

ROOMS: Breakfast Area,Center Hall,Dining,Living,OtherEQUIP: Built-Ins,CableAIR: None HEAT: GravityFLOOR: Carpet,Hardwood,Tile LAUNDRY: InsideFIREPL: Living Room ROOF: Composition,TilePOOL: None TENNIS: PARK: None SPA: VIEW TYPE: None WATERFRONT: SEC: FIN: Cash To New LoanSEWER: In Street POSS: Close Of EscrowDISC: As Is,Short Pay SZONE: NoneOCC/SHOW: Call LA 1,Combo Lock Box SALE TYPE: Short Pay

LP: $335,000 DOM: 165 LD : 05/11/2009 SP : SSP: BLOG Y/ N: Yes LP/SF: $221.71OLP: $335,000 CD: 11/01/2009 SD: WD: AVM Y/N: Yes SP/SF:

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

Page:2

file:///C:/Users/ERNEST~1/AppData/Local/Temp/FF0E5EA4-0927-DF

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 6/20

STATUS: Pending ADDRESS: 4247 11TH AVE , LOS ANGELES 90008 LP: $200,000

View Larger MapR ES I DE NT I A L S I NGL E FA MI LY A R EA : (1373) Leimert Park MLS#: 10-465689 MAP: 673/F3 BR : 2STYLE: Ranch SUB: PUD: YB: 1941 BA : 1.00APN: 5024-023-013 ZONE: LAR1 HOD: $0.00 STO: 10 APX SF: 1,456/VNADP: VU: No P L: No APX LDM: APX LSZ: 4,532/VNAPX A CREAGE: GH: N/A FP: PKGT: HORSE PROP : LSE: LOP: FUR: No PKGC:ELEM: JRHS: SRHS:

DIRECTIONS: Crenshaw Bl, go east on Stocker St, turn right on 11th AveREMARKS: Fixer, No FHA.

ROOMS: DiningEQUIP: NoneAIR: Wall/Window HEAT: WallFLOOR: Hardwood LAUNDRY: InsideFIREPL: None ROOF: POOL: TENNIS: PARK: Garage SPA: VIEW TYPE: None WATERFRONT: SEC: FIN: SEWER: POSS: DISC: As Is SZONE: OCC/SHOW: Call LA 1 SALE TYPE: Standard

LP: $200,000 DOM: 21 LD: 07/17/2010 SP : SSP: BLOG Y/ N: Yes LP/SF: $137.36OLP: $200,000 CD: 08/07/2010 SD: WD: AVM Y/N: Yes SP/SF:

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

Page:3

file:///C:/Users/ERNEST~1/AppData/Local/Temp/FF0E5EA4-0927-DF

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 7/20

STATUS: Pending ADDRESS: 3985 Cherrywood Ave , Los Angeles 90008 LP : $299,900

View Larger MapRESIDENTIAL SINGLE FAMILY AREA: (34) Los Angeles Southwest MLS#: P713384SC MAP: 673/F2 BR : 2STYLE: Traditional SUB: PUD: Y B: 1939 BA : 2.00APN: 5033-015-036 ZONE: HOD: $0.00 STO: APX SF: 1,577ADP: VU: No PL: No APX LDM: 49x145 APX L SZ: 7,170APX A CREAGE: 0.16 GH: N/A FP : PKGT: HORSE PROP : LSE: No LOP: FUR: PKGC:ELEM: JRHS: SRHS:

DIRECTIONS: MLK/CrenshawREMARKS: Just reduced,nice 3 bedroom 1.75 bathroom. Fireplace in living room. Hardwood floors and plantation shutters. Third bedroombeing used as family room/den.

ROOMS: EQUIP: NoneAIR: None HEAT: FLOOR: Carpet,Hardwood LAUNDRY: FIREPL: Other,Living Room ROOF: Composition,ShinglePOOL: None TENNIS: PARK: SPA: NoneVIEW TYPE: None WATERFRONT: SEC: FIN: Cash,Cash To Existing LoanSEWER: POSS: DISC: Lender Owned/REO SZONE: OCC/SHOW: Combo Lock Box,Call Listing Office,Vacant SALE TYPE: Real Estate Owned

LP: $299,900 DOM: 283 LD : 12/06/2009 SP : SSP: BLOG Y/ N: Yes LP/SF: $190.17OLP: $449,900 CD: 10/15/2010 SD: WD: AVM Y/N: Yes SP/SF:

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

Page:4

file:///C:/Users/ERNEST~1/AppData/Local/Temp/FF0E5EA4-0927-DF

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 8/20

STATUS: Sold ADDRESS: 3935 S NORTON AVE , LOS ANGELES 90008 SP : $360,000

Add'l Photos

View Larger MapRESIDENTIAL SINGLE FAMILY AREA: (34) Los Angeles Southwest MLS#: 10-421909 MAP: 673/F2 BR : 2STYLE: Unknown SUB: PUD: Y B: 1937 BA : 2.00APN: 5033-006-046 ZONE: LAR1 HOD: $0.00 STO: 1 APX SF: 1,472/VNADP: VU: No P L: No APX LDM: APX L SZ: 6,000/OTAPX A CREAGE: GH: N/A FP : PKGT: HORSE PROP : LSE: LOP: FUR: No PKGC:ELEM: LAUSD JRHS: LAUSD SRHS: Dorsey High School

DIRECTIONS: East of Crenshaw Blvd, North of MLK BlvdREMARKS: Leimert Park beauty, two bedrooms, one and half baths, formal dining room formal living room with fireplace, hardwood floorsand a detached bonus room.

ROOMS: Bonus,Breakfast Area,Center Hall,Dining,LivingEQUIP: Garbage DisposalAIR: None HEAT: WallFLOOR: Hardwood,Tile LAUNDRY: Inside,RoomFIREPL: Living Room,Wood Burning ROOF: POOL: TENNIS: PARK: Detached,Garage SPA: VIEW TYPE: None WATERFRONT: SEC: FIN: SEWER: POSS: DISC: Probate SZONE: OCC/SHOW: 24-hr No tice,Appointment w/List. Office SALE TYPE: Probate

LP: $360,000 DOM: 41 LD: 01/16/2010 SP : $360,000 SSP: BLOG Y/ N: Yes LP/SF: $244.57OLP: $360,000 CD: 02/26/2010 SD: 05/13/2010 WD: AVM Y/N: Yes SP/SF: $244.57

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

Page:5

file:///C:/Users/ERNEST~1/AppData/Local/Temp/FF0E5EA4-0927-DF

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 9/20

STATUS: Sold ADDRESS: 3952 MCCLUNG DR , LOS ANGELES 90008 SP : $351,000

Virtual/Photo Tour Add'l Photos

View Larger MapRESIDENTIAL SINGLE FAMILY AREA: (34) Los Angeles Southwest MLS#: 10-459413 MAP: 673/E2 BR : 2STYLE: California Bungalow SUB: PUD: No Y B: 1939 BA : 1.00APN: 5033-005-034 ZONE: LAR1 HOD: $0.00 STO: 1 APX SF: 1,200/VNADP: VU: No P L: No APX LDM: APX L SZ: 5,751/VNAPX A CREAGE: GH: None FP : 1 PKGT: 2HORSE PROP : No LSE: No LOP: No FUR: No PKGC: 2ELEM: Los Angeles Unified JRHS: Los Angeles Unified SRHS: Los Angeles Unified

DIRECTIONS: Crenshaw to MKL 1 block east of MLKREMARKS: Best buy in Leimert Park***NOT A SHORT SALE*** Spanish style large living room features a cozy fireplace and a large sunnybay window. This house has been freshly painted with designer colors. Real "oak hardwood" floors plus new tile floors invite you into thissuper clean move-in condition home.A bright formal dinning room leads to a fully enclosed permitted patio that is used as a family room. Thekitchen has a handy eating area. New central heat and air conditioning recently installed last year with all new attic insulation. Huge backyard.Direct entry from attached garage. Vacant and easy to show.

ROOMS: Dining,Family,Patio EnclosedEQUIP: Hood FanAIR: Central HEAT: CentralFLOOR: Hardwood,Tile LAUNDRY: Inside,RoomFIREPL: Living Room ROOF: CompositionPOOL: TENNIS: NonePARK: Attached,Direct Entrance SPA: NoneVIEW TYPE: None WATERFRONT: SEC: None FIN: PrivateSEWER: In Street POSS: Close Of EscrowDISC: Seller Will Pay Sec. 1 Termite,Trust/Conservatorship SZONE: Property ReportOCC/SHOW: Call LA 1,Combo Lock Box,Supra Lock Box SALE TYPE: Standard

LP: $348,800 DOM: 13 LD: 06/22/2010 SP : $351,000 SSP: BLOG Y/ N: Yes LP/SF: $290.67OLP: $348,800 CD: 07/05/2010 SD: 08/23/2010 WD: AVM Y/N: Yes SP/SF: $292.50

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

Page:6

file:///C:/Users/ERNEST~1/AppData/Local/Temp/FF0E5EA4-0927-DF

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 10/20

Primary Owner: WELLS FARGO BANK NA,

Secondary Owner:

Mail Address:

Site Address: 4249 S NORTON AVE

LOS ANGELES CA 90008

County: LOS ANGELES

Assessor Parcel Number: 5024-015-014

Housing Tract Number: 1OO23

Lot Number:

Page Grid: 673-F3

Legal Description:

Tract No: 1OO23 Abbreviated Description:CITY:REGION/CLUSTER: 09/09181 TR#:1OO23TRACT NO 1OO23 S 29 FT OF LOT 464 AND N 11FT OF LOT 465 City/Muni/Twp: REGION/CLUSTER:09/09181

Property Characteristics

Bedrooms : 2 Year Built : 1931 Square Feet : 1,548 SFBathrooms : 2 Garage : Lot Size : 4,077 SF / 0.093 ACTotal Rooms : Fireplace : Number of Units : 1Zoning : LAR1 Pool : Use Code : Single Family ResidentialNo of Stories :

Building Style :Sale Information

Transfer Date : 01/19/2010 Seller : CENTER, LILLIAN CANZADATransfer Value : $300,000 Document # : 10-0072114 Cost/Sq Feet : $193Title Company : ACCOMMODATION

Assessment & Tax Information

Assessed Value : $242,209 Percent Improvement : 27.29% Homeowner Exemption : HLand Value : $176,101 Tax Amount : $3,175.32 Tax Rate Area : 0-068Improvement Value : $66,108 Tax Account ID : Tax Status : CurrentMarket Improvement Value : Market Land Value : Market Value :Tax Year : 2010

Data Deemed Reliable, But Not Guaranteed.Copyright ©1998-110 Investors Title Company All Rights Reserved.

All other trademarks and copyrights are the property of their respective holders.

http://www.itcprofile.com/ProfileProxy.asp?cmd=8&11CEBA11

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 11/20

WELLS FARGO BANK NA,4249 S NORTON AVE, LOS ANGELES 90008-4522

APN: 5024-015-014 LOS ANGELES COUNTY

Prior TransferBuyer Name WELLS FARGO BANK NA,

Recording Date 01/19/2010 Document # 10-0072114 BK-PG -Price $300,000First TD N/A TD Due DateMortgage Doc # Loan TypeLender Name Interest Rate

Data Deemed Reliable, But Not Guaranteed.Copyright ©1998-110 Investors Title Company All Rights Reserved.

All other trademarks and copyrights are the property of their respective holders.

http://www.itcprofile.com/ProfileProxy.asp?cmd=8&11CEBA11

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 12/20

WELLS FARGO BANK NA,

4249 S NORTON AVE, LOS ANGELES 90008-4522APN: 5024-015-014 LOS ANGELES COUNTY

Comparable Sales DataNo. Address Date Price $/SF Bld/Area RM/BR/Bth YB Lot Area Pool Proxim.

Subject Property 01/19/2010 $300,000 $194 1,548 /2/2 19314,077 SF

1

4306 6TH AVE 10/21/2010 $378,000 $254 1,485 /2/2 19294,678 SF

.53Mi.

2

3962 DEGNAN BLVD 10/18/2010 $352,000 $237 1,484 /2/2 19386,159 SF

.42Mi.

3

3801 S VICTORIA AVE 10/13/2010 $309,000 $230 1,342 /2/1 19426,094 SF

.74Mi.

4

3739 BUCKINGHAM RD 09/30/2010 $340,000 $191 1,777 /3/2 19476,238 SF

.93Mi.

5

4308 DON ARELLANES DR 09/17/2010 $415,000 $269 1,540 /2/2 195510,019 SF

.95Mi.

6

4205 3RD AVE 09/01/2010 $308,000 $186 1,648 /2/1 19236,499 SF

.69Mi.

Area Sales Analysis

Total Area Sales 6 Median # of Bedrooms 2Median Lot Size 6,199 SF Median # of Baths 2Median Living Area 1,513 SF Median Year Built 1940Price Range - 2 Yrs $308,000 to $415,000 Age Range 55 years to 87 yearsMedian Value $346,000 Median Age 70 years

Data Deemed Reliable, But Not Guaranteed.Copyright ©1998-110 Investors Title Company All Rights Reserved.

All other trademarks and copyrights are the property of their respective holders.

http://www.itcprofile.com/ProfileProxy.asp?cmd=8&11CEBA11

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 13/20

Data Deemed Reliable, But Not Guaranteed.Copyright ©1998-110 Investors Title Company All Rights Reserved.

All other trademarks and copyrights are the property of their respective holders.

http://www.itcprofile.com/ProfileProxy.asp?cmd=8&11CEBA11

11/1/2010 5

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 14/20

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 15/20

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 16/20

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 17/20

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 18/20

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 19/20

8/8/2019 Acquisition Proposal - 4249 s Norton Ave Los Angeles CA 90008

http://slidepdf.com/reader/full/acquisition-proposal-4249-s-norton-ave-los-angeles-ca-90008 20/20

Referred By: Mike RobinsonINVESTMENT PROPERTY PROFORMA Asset Manager: Ernie Espinoza11/3/2010

Address: Sqft:4249 S Norton Ave Los Angeles CA 90008 1,541 Purchase at: $220,000

Opening Bid $220,000Bedrooms 2 Per Sq Ft 143$Baths 1.5Year Built 1938

Per Original CashHolding Period % Sq Ft Budget Investment

Sales Price (Re-Sale Value) 100.0% 233.61$ 360,000.00$

Less Cost of SalesPurchase Price 61.1% 142.76$ 220,000.00$ 220,000$Construction / Repairs 11.1% 25.96 40,000.00$ 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% - -$ -$Fire Insurance Policy 0.1% 0.14 208.04$ 208.04$Recording/Doc Transfer Tax 0.1% 0.26 400.00$ 400.00$Temporary Utilities(Gas,Water,SCE) 0.1% 0.19 300.00$ 300.00$

Monthly Maintenance 3 0.05% 0.19 300.00$ 300.00$Other - 1% Finders Fee 1.0% 1.43 2,200.00$ 2,200

Total Cost of Sales 73.5% 170.93$ 263,408.04$ 263,408$

Gross Profit 26.5% 62.68$ 96,591.97$

Less Point of Sale ExpensesSales Commission-In House 2.5% 5.84$ 9,000.00$Sales Commission-Co Op 2.5% 5.84 9,000.00$Property Taxes - Current Year Proration 0.5% 0.52 804.00$Escrow/Title Closing Costs 0.5% 1.17 1,800.00$Pest Inspection Report 0.1% 0.10 150.00$Natural Hazard Disclosure 0.1% 0.08 125.00$Homebuyers Warranty 0.0% - -$

1% Asset Mgt Co. Fee 1.0% 2.34 3,600.00$Total Point of Sale Expenses 7.2% 15.89$ 24,479.00$ -$

Contribution Margin 19.3% 46.80$ 72,112.97$ -$

Other Expenses

Cost Of Funds 3 1.00% 5.13 7,902.24$

Total Other Expenses 1.0% 5.13$ 7,902.24$ -$

Net Profit 18.3% 41.67$ 64,210.72$

Return on Investment (Net Profit/Total Cash Investment) 24.38%

Annualized ROI (based on 90 day sales) x 4 97.51%

Di t Di t D t Di t D t