Set up 2633 Hauser Marketing pkg...MULTI‐FAMILY OPPORTUNITY 2633,35, 35.5 Hauser Ave, Los Angeles,...
Transcript of Set up 2633 Hauser Marketing pkg...MULTI‐FAMILY OPPORTUNITY 2633,35, 35.5 Hauser Ave, Los Angeles,...
MULTI‐FAMILY OPPORTUNITY
2633,35, 35.5 Hauser Ave, Los Angeles, CA 90016
Exclusively Listed By
* New Construction, Completed May 2020 Richard Bell
714‐447‐4900 Office
* Use 5th Bedroom as Office, Game Room. 714‐309‐3549 Cell
* Ideal Rental Location near Culver city www.Bellrealtyca.com
* Larger Bedrooms than Most in the Area
* Near Transit Hubs, DTLA, USC
* No Rent Control, Opportunity Zone
* Individual Metered Gas and Electric and WATER
www.Bellrealtyca.com
Price: $2,285,000
Down: $799,750 35%
Loan: $1,485,250
Interest Rate 4.3%
Market
Rents
* Brand New Construction with custom home feel. Gross Rent Multiplier: 12.1
* No Rent Control or Capital Improvement Expense Cap Rate: 6.4%
in the near future.
Cost Per Square Foot: $358.99
* Extra Large Units ‐ All 5 Bedrooms, 4 Baths.
Cash on Cash Return 7.4%
* 2 larger master suites in each unit.
Rent Per Square Foot ‐$ 2.47$
* Individual metered for gas, electric, and WATER.
Year Built 2020
* Includes stainless steel appliances and Washer/
Dryer in each unit.
* Open floor plan, Central A/C and Heat, Vinyl and Tile
Flooring throughout.
* Near Transit Hubs, DTLA, USC and trendy W. Adams
Please do not go on‐site without an appointment. Drive by only. Do not disturb the residents.
A complete marketing package is available for those seriously considering the property.
EXCLUSIVELY OFFERS FOR SALE
2633,35,35&1/2 Hauser Ave.
Los Angeles, CA 90016
INVESTMENT HIGHLIGHTS FINANCIAL INDICATORS
Richard Bell(714) 447‐4900 Office or (714) 309‐3549 Cell
www.Bellrealtyca.com
For additional Information contact:
The influx of tech money and the general revitalization of the area has created an exceptionally strong and sustainable rental market, making these properties solid long‐term investments.
The West Adams area of Los Angeles is booming because of the strong job market in Downtown and the creation of the "Silicon Beach" jobs center in the Santa Monica andCulver City area. Many Tech Companies are moving into this region and bringing highly‐paid employees with them. These employees appreciate new apartments and enjoy living close to work and nightlife destinations and are very comfortable with diverse demographics. They can afford and are willing to pay high rents to live in a place that meets their living requirements.
2633 Hauser
PROPERTY SUMMARY
Number of Units 3
Address: 2633,35,35&1/2 Hauser Ave.
City & State Los Angeles, CA 90016
Year Built: 2020
Rentable Sq. Ft. 6,365
Lot Size 6,197
Parking: 2 Garage, 4 Carport
APN: 5048‐028‐002
Cross Street: S / Adams & W/ La Brea
INVESTMENT SUMMARY PROPOSED FINANCING
PRICE: $2,285,000 New Loan: $1,485,250
Down Payment $799,750 Rate: 4.25%
Percent Down 35% Term Fixed 30
Price/Unit $761,667
Price/Sq. Ft: $359
FINANCIAL ANALYSIS (ANNUAL) ACTUAL MARKET ANNUAL OPERATING EXPENSEGross Schedule Income (GSI) $ $0 $188,400 Taxes 28,334$
Vacancy Allowance 3.0 % $0 $5,652 Insurance 2,200$
Gross Operating Income (GOI) $0 $182,748 Utilities 600$
Operating Expenses 19.0 % $0 $35,796 Maintenance 1,200$
Net Operating Income (NOI) $0 $146,952 Pest Control
Loan Payment (P&I) $0 ($87,678) Licenses 500$
Gross Spendable Income (SI) $0 $59,274 Gardener 740$
Cap Rate (NOI/LP) 0.0% 6.4% Management fee ‐$
Gross Multiplier (LP/GSI) 0.0 X Gross 12.1
Cash on Cash Return 0.0% 7.4% Replacement 1,600$
Misc 500$
PRINCIPAL PAYDOWN FOR FIRST YEAR IS : 25,039$ Total 35,674$
AN EXTRA RETURN ON INVESTMENT OF: 3.13%
UNIT MIX & RENT SCHEDULE
No. of
Units Bedroom/Baths Monthly Income
Monthly
Income Per Bedroom
1 5 Br / 4BA $0 $0 $5,500 $5,500 1,100$
2 5 Br / 4 BA $0 $0 $5,100 $10,200 1,020$
Total Scheduled Rent: $0 $15,700
Laundry & Other Income:
Monthly Scheduled Gross Income: $0 $15,700
Annual Scheduled Gross Income: $0 $188,400
REMARKS: Ideally located adjacent to Culver City and near transit hubs to reach Downtown LA and USC. Extra large units with the front home having
approx. 2,295 Sq. Ft. and the back duplexes boasting 2,035 Sq. ft. each. Not under rent control and owner's costs are minimized with separate utilities for
each unit, INCLUDING SEPARATE WATER METERS!
Please do not disturb manager or tenants. Drive by only.
To Show Contact Call Agent Office 714‐447‐4900 Owner/Manager On File
Listing Office Bell Realty Group Cell 714‐309‐3549 E‐mail [email protected]
Sales Person RICHARD BELL Fax 714‐447‐4906All information is from sources believed reliable, but is not guaranteed. Information is confidential and for licenced agents use only‐‐not for public distribution.
PROPERTY FINANCIAL ANALYSIS
Actual Rents Market Rents
2633,35,35&1/2 Hauser Ave.
Los Angeles, CA 90016
3 Units
Rent Schedule
APARTMENT
NUMBER
# BED
ROOMS
# BATH
ROOMS
EST.
SQUARE
FEET
ESTIMATED
MONTHLY
RENT
RENT PER
SQUARE
FOOT
HIGH EST.
MARKET
RENT
MARKET
RENT
SQUARE
FOOT VARIANCE
PERCENT
VARIANCE
1 5 4 2295 $5,500 $2.40 $5,700 2.48 $200 3.6%
2 5 4 2035 $5,100 $2.51 $5,300 2.60 $200 3.9%
3 5 4 2035 $5,100 $2.51 $5,300 2.60 $200 3.9%
MONTHLY INCOME $15,700 $16,300
LAUNDRY $0 $0
OTHER INCOME $0 $0
MONTHLY TOTAL $15,700 $16,300 VARIANCE
ANNUAL TOTAL $188,400 $195,600 7,200$ 2.9%
www.Bellrealtyca.com
Property Photos
Arial Map
Plat Map
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Property Photos
Street Map
Location Map
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Front Unit Floorplan
1st Floor
2nd Floor
3rd Floor