RARE TRIPLEX - LoopNet...the most notable place in Sherman Oaks. It is home to Arclight Cinemas, 24...

SOUTH OF VENTURA BLVD IN SHERMAN OAKS 4242 MAMMOTH AVE | SHERMAN OAKS | CA 91423

RARE TRIPLEX

Exclusively Listed By

DAVID WEINBERGERMultifamily Investment [email protected] Lic#01349349

ADAM ZUNDERMultifamily Investment [email protected] Lic#01821053

CONFIDENTIALITY & DISCLAIMERAll materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of com-pliance with applicable governmental requirements, developability or suitability, financial perfor-mance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or informa-tion pro-vided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all in-formation and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representa-tions regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transactionAll data and assumptions regarding financial performance, including that used for financial model-ing purposes, may differ from actual data or performance. Any estimates of market rents and/or pro-jected rents that may be provided to a party do not necessarily mean that rents can be established at or in-creased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental require-ments should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Studio City in compliance with all applicable fair housing and equal opportunity laws.

THE OFFERING

INVESTMENT OVERVIEW

RENT COMPARABLES

LOCATION INFORMATION

DEMOGRAPHICS

PAGE

0413171824

THE OFFERING

4

“THE MAMMOTH”

A Rare Tr iplexSouth of Ventura Boulevard

SHERMAN OAKS | CA 91423

THE OFFERING

“The Mammoth” is a beautiful and rare Triplex located South of Ventura

Boulevard in Sherman Oaks (91423). This unique triplex features two units

that have been updated with hardwood floors throughout, ceasarstone

countertops, stainless steel appliances and quality finishes. The third unit

(townhome style) was built in 2013 and is perfectly positioned for an Own-

er/User, Savvy Investor or Airbnb Operator who wants to move in and raise

rents. All units feature private yards and private laundry rooms, along with

a garage and gated parking.

“The Mammoth” is located on a tranquil tree-lined street surrounded by

pride of ownership homes. “The Mammoth” is within walking distance to

trendy eateries such as Sweet Butter Kitchen and the newly renovated

two-story Ralphs. “The Mammoth” resides in a great school district with

Dixie Elementary and Millikan Jr High which are both highly ranked.

“The Mammoth” will attract quality residents high rents and is perfectly

positioned for an Owner/User Investor, or Airbnb Operator. The property

features One (2) two bedroom + (1) one Bathroom front unit, One (1) One

Bedroom, (1) One Bathroom middle unit and an ultra-modern 2 Bedroom

+ 3 Bathroom Townhome style unit with a stylish kitchen, office, and ample

space.

The current owner has created a proven concept that has captured ex-

ceptional rents with well qualified residents. This property is an owner and

renters dream! Plus all systems including plumbing, electrical and roof are

in great condition.

5

PROPERTY HIGHLIGHTS

• Rare opportunity to acquire a property South of Ventura Blvd in Sherman Oaks

• New Townhome style unit Built in 2013 – Perfect for Owner/User, Savvy Investor or Airbnb Operator

• Highly Desirable Location in one of L.A.’s most stable neighborhoods

• Ability to Maintain High occupancy levels through all Real Estate Cycles

• Great School District - Dixie Canyon Community Charter school

ranked 9 out of 10

• In-Place Proven Concept Capturing Exceptional Current and

Future Income Potential

• Sherman Oaks is well poised for Continued Economic Growth

• Close Proximity to a Multitude of Dining Options

• Easy access to the Westside, Universal City and Hollywood.

• Pride of Ownership

• Safe & Secure Private Entrance

6

M U L T I F A M I L Y R E A L E S T A T E A D V I S O RD A V I D W E I N B E R G E R

PROPERTY DETAILS

12

Property Address:

Offering Price:

Number of Units:

Price/Unit:

Current CAP

Current GRM:

Building Size:

Lot Size:

Zoning:

APN:

Year Built:

Renovated:

Stories:

Parking:

4242 MAMMOTH AVE | SHERMAN OAKS | CA 91423

$1,995,000

3 Units

$665,000

3.00%

22.00

3,149 SF

6,281 SF

LARD2

2266-020-010

1938

2013

2

5 spots wirth garage and gated entry

These materials are based on information and content provided by others which we believe are ac-curate. No guarantee, warranty or representation is made by Keller Williams Realty/KW Commercialor its personnel, and all interested parties must independently verify its accuracy and completeness.

M U L T I F A M I L Y R E A L E S T A T E A D V I S O R SAPARTMENT EXPERT GROUP

INVESTMENT OVERVIEW

13


FINANCIAL OVERVIEW4242 MAMMOTH AVE | SHERMAN OAKS | CA 91423

ESTIMATED ANNUALIZED EXPENSES

New Property Taxes:

Utilities:

Waste Removal:

Property Insurance :

Gardner:

Total Estimated Expenses

$23,940

$1,950

$1,980

$1,312

$720

$29,182

Price:Down Payment:

Current CAP:

Market CAP:

Current GRM:

Market GRM

Cost Per SF:

Cost Per Unit:

Cash on Cash Return:

Expense Per Unit:

Expense Per SF:

Units:

Year Built:

Renovated:

Approx Lot Size:

Approx Bldg Gross SF:

$1,995,000$1,995,000

3.0%

4.1%

22.18

17.89

$643.55

$665,000

3.05%

-$9,727

($9.41)

3

1938

2013

6,281 SF

3,100 SF

INVESTMENT SUMMARY

14 These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Keller Williams Realty/KW Commercialor its personnel, and all interested parties must independently verify its accuracy and completeness. M U L T I F A M I L Y R E A L E S T A T E A D V I S O R S

APARTMENT EXPERT GROUP

FINANCIAL SUMMARY

15 These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Keller Williams Realty/KW Commercialor its personnel, and all interested parties must independently verify its accuracy and completeness.


SOURCE OF INCOME

# of Units 111

Unit Type2 + 11+ 12 + 3

INCOME SUMMARY

CURRENT MARKETAvg SF

935753

1,400

Avg Rent$2,200$2,000$3,295

Total$2,200$2,000$3,295

Avg Rent$2,950$2,395$3,950

$9,295Total Rental Income $7,495

Total Monthly Income

Total Annual Income

$7,495

$89,940$9,295

$111,540

ESTIMATED ANNUALIZATION OPERATING DATA

Scheduled Gross Income:

Gross Operating Income:

Less Expenses:

Net Operating Income:

Less Loan Payment:

Pre-Tax Cash Flow:

Return on Investment

32.4%

CURRENT MARKET

$89,940

$89,940

($29,182)

$60,758

$0

$60,758

3.0%

$111,540

$111,540

$29,182

$82,358

$0

$82,358

4.1%

26.2%

Income$2,950$2,395$3,950


RENT ROLL



UNIT #

1

2

3

Occupied

Occupied

Occupied

STATUS UNIT TYPE

2 + 1

1 + 1

2 + 3

CURRENT

$2,200

$2,000

$3,295

MARKET

RENT RENT / SF

$2.20

$2.00

$3.30

RENT RENT / SF

$2,950

$2,395

$3,950

$2.95

$2.40

$3.40

$7,495 $0.84 $9,295 $1.20

RENT COMPARABLES



ONE BEDROOMS

4333 Stern AveSherman Oaks, CA 91423, USA

13309 Woodbridge StSherman Oaks, CA 91423

Beverly Glen Blvd & Dickens StSherman Oaks, CA 91423

4420 Fulton AveSherman Oaks, CA 91423

14248 Dickens StSherman Oaks, CA 91423

13138 Moorpark StSherman Oaks, CA 91423

1

1

1

1

1

1

Address Bd

$2,395

$2,325

$2,395

$2,195

$2,145

$2,250

Rent

Valley Vista Blvd & Murietta AveSherman Oaks, CA 91423

4454 Ventura Canyon AveSherman Oaks, CA 91423

4504 Colbath AveSherman Oaks, CA 91423

4128 Whitsett AvenueStudio City, CA 91604

14140 Moorpark StreetSherman Oaks, CA 91423

4504 Colbath Ave

Sherman Oaks, CA 91423

Address Bd Rent

2

2

2

2

2

2

$3,950

$3,495

$3,100

$3,250

$3,195

$3,095

TWO BEDROOMS


LOCATION INFORMATION4242 MAMMOTH AVE | SHERMAN OAKS | CA 91423

18

19

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Sherman Oaks is near the 405 and 101 freeway interchange. It may be over the hill from LA, but you can still find spots very reminiscent of the city of Los Angeles and areas that are geared more towards the suburban lifestyle. In Sherman Oaks, you can find all types of people: families, writers, actors, dancers, the young, old and everyone in between. The things to do and see in Sherman Oaks are definitely tailored to this diverse population. There is something for everyone to enjoy.

AREA HIGHLIGHTS

21

From The Sherman Oaks Galleria which is probably considered the most notable place in Sherman Oaks. It is home to Arclight Cinemas, 24 Hour Fitness, Paul Mitchell Hair School, Burke Wil-liams Spa, many restaurants and shops as well. There are also fantastic eateries close to “The Mammoth”. Enjoy the finest Leb-anese cuisine at Carnival, or walk to brunch on a Sunday morn-ing at Sweet Butter Kitchen. Or, go food shopping at the newly built two story Ralphs. You can also work off the food you just ate at the Van Nuys Sherman Oaks Park. Sherman oaks is also home to a local farmer’s Market on Tuesday evenings and am-ple shopping and dining options along Ventura Blvd.

Sherman Oaks has a lively nightlife scene for its residents. Three must-visit places are the Tunnel Bar, The One Up and The Local Peasant. You can find a great rooftop bar, grab some drinks and play arcade games, or enjoy the vibrant ambiance. Sher-man oaks has it all!

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AREA HIGHLIGHTS

LOCATION MAPS



4242 Mammoth Ave

AERIAL MAP



4242 Mammoth Ave

DEMOGRAPHICS4242 MAMMOTH AVE | SHERMAN OAKS | CA 91423

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DEMOGRAPHICS SNAPSHOT



POPULATION

Total PopulationMedian Age

Median Age (Male)Median Age (Female)

22,52639.239.139.5

1 MILE 2 MILES

76,75339.939.340.5

3 MILES

182,55538.337.339.3

HOUSEHOLDS & INCOME

Total Households# of Persons Per HH

Average HH Income Average House Value

11,0682.0$113,636$858,852

1 MILE 2 MILES

36,0202.1$114,575$799,713

3 MILES

79,8782.3$104,802$798,676

RACE

% White% Black% Asian

% Hawaiian% Indin

% Other

80.1%4.9%8.1%0.3%0.6%2.4%

1 MILE 2 MILES

80.7%3.9%7.7%0.1%0.5%3.5%

3 MILES

74.6%3.7%7.0%0.1%0.3%11.2%

ETHNICITY

% Hispanic 11.4%

1 MILE 2 MILES

13.0%

3 MILES

23.5%

M U L T I F A M I L Y R E A L E S T A T E A D V I S O RD A V I D W E I N B E R G E R

Exclusively Listed By

DAVID WEINBERGERMultifamily Investment [email protected] Lic#01349349

ADAM ZUNDERMultifamily Investment [email protected] Lic#01821053

RARE TRIPLEX - LoopNet...the most notable place in Sherman Oaks. It is home to Arclight Cinemas, 24...

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