1631-1633 1/2 w 12th st · 1631-1633 1/2 w 12th st offering memorandum presented by: los angeles,...

KW COMMERCIAL439 N. Canon Drive,3rd FloorBeverly Hills, CA 90210 KEVIN DANIALI

Director0: 310.432.6400C: [email protected] DRE #01904911

1631-1633 1/2 W 12th St

OFFERING MEMORANDUM

PRESENTED BY:

LOS ANGELES, CA

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL439 N. Canon Drive,3rd FloorBeverly Hills, CA 90210

Confidentiality & Disclaimer

KEVIN DANIALIDirector0: 310.432.6400C: [email protected] DRE# #01904911

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty 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 orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay 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 ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

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 information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Beverly Hills in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

LOS ANGELES, CA

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

FINANCIAL SUMMARY

INCOME & EXPENSES

RENT ROLL

SALE COMPS

REGIONAL MAP

LOCATION MAPS

RETAILER MAP

DEMOGRAPHICS MAP & REPORT

1PROPERTY INFORMATION1631-1633 1/2 W 12TH ST

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $698,000

NUMBER OF UNITS: 4

CAP RATE: 4.96%

NOI: $34,640

LOT SIZE: 0 Acres

YEAR BUILT: 1922

BUILDING SIZE: 1,936 SF

ZONING: LARD1.5

PRICE / SF: $360.54

PROPERTY OVERVIEWValue add / Fixer!!! Quadruplex property located in one of most desired rentalareas of Downtown Los Angeles. The subject property is centrally located frommajor public transportation and walking distance to Staples Center, LA LIVE,Microsoft Theater, LA Convention Center, Downtown Los Angeles, Major shoppingcenters and incredible dining establishments of Korea Town. Front building is aDuplex each with 1 Bedr + 1 Bath. Rear unit is a Duplex containing 2 studios.HPOZ zoned.

PROPERTY HIGHLIGHTS• Very high demand rental market

• Walking distance to Staples center and L.A Live

• Value Add - Huge rental upside

• Development opportunity

Executive Summary

1631-1633 1/2 W 12TH ST 1 | PROPERTY INFORMATION



PROPERTY OVERVIEW

Value add / Fixer!!! Quadruplex property located in one of mostdesired rental areas of Downtown Los Angeles. The subjectproperty is centrally located from major public transportation andwalking distance to Staples Center, LA LIVE, Microsoft Theater, LAConvention Center, Downtown Los Angeles, Major shoppingcenters and incredible dining establishments of Korea Town. Frontbuilding is a Duplex each with 1 Bedr + 1 Bath. Rear unit is aDuplex containing 2 studios. HPOZ zoned.

LOCATION OVERVIEW

Walking distance to Staples Center

Property Description




SALE PRICE $698,000

LOCATION INFORMATION

Street Address 1631-1633 1/2 W 12th St

City, State, Zip Los Angeles, CA 90015

County/Township Los Angeles

BUILDING INFORMATION

Building Size 1,936 SF

NOI $34,640

Cap Rate 4.96%

Price / SF $360.54

Year Built 1922

Occupancy % 100%

Tenancy Multiple

Load Factor Yes

PROPERTY DETAILS

Property Type Multifamily

Property Subtype Low-Rise/Garden

Zoning LARD1.5

Lot Size 0 Acres

Property Details




INVESTMENT OVERVIEW

Price $698,000

Price per Unit $174,500

GRM 13.2

CAP Rate 5.0%

Cash-on-Cash Return (yr 1) 4.96 %

Total Return (yr 1) $34,640

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income $53,040

Other Income -

Total Scheduled Income $53,040

Vacancy Cost $0

Gross Income $53,040

Operating Expenses $18,400

Net Operating Income $34,640

Pre-Tax Cash Flow $34,640

FINANCING DATA

Down Payment $698,000

Loan Amount -

Debt Service -

Debt Service Monthly -

Principal Reduction (yr 1) -

Financial Summary




UNIT

NUMBER

UNIT

BED

UNIT

BATH

LEASE

START

LEASE

END

CURRENT

RENT

CURRENT

RENT (PER SF)

MARKET

RENT

MARKET

RENT/SF

1631 1 1 MM $995 $1,800

1631 1/2 1 1 MM $1,325 $1,800

1633 0 1 MM $850 $1,250

1633 1/2 0 1 7/01/2020 $1,250 $1,250

Totals/Averages $4,420 $6,100

INCOME SUMMARY

Gross Income $53,040

EXPENSE SUMMARY

Property Tax $9,000Insurance $1,400Utility $6,000Maintenance $2,000

Gross Expenses $18,400

Net Operating Income $34,640

Income & Expenses




UNIT

NUMBER

UNIT

BED

UNIT

BATH

LEASE

START

LEASE

END

CURRENT

RENT

CURRENT

RENT (PER SF)

MARKET

RENT

MARKET

RENT/SF

1631 1 1 MM $995 $1,800

1631 1/2 1 1 MM $1,325 $1,800

1633 0 1 MM $850 $1,250

1633 1/2 0 1 7/01/2020 $1,250 $1,250

Totals/Averages $4,420 $6,100

Rent Roll




Subject Property

1631-1633 1/2 W 12th St | Los Angeles, CA 90015

$698,000Sale Price: 1922Year Built:

1,936 SFBuilding SF: $360.54Price PSF:

4No. Units: $174,500Price / Unit:

4.96%CAP: $34,640NOI:

13.16GRM:

Value add / Fixer!!! Quadruplex property located in one of most desired rental areas of Downtown Los Angeles. The subject property is centrally located from major public transportation and walking distance toStaples Center, LA LIVE, Microsoft Theater, LA Convention Center, Downtown Los Angeles, Major shopping centers and incredible dining establishments of Korea Town. Front building is a Duplex each with 1 Bedr+ 1 Bath. Rear unit is a Duplex containing 2 studios. HPOZ zoned.

1

1633 W 12th PL

Los Angeles , CA 90015

$799,888Sale Price: 0 AcresLot Size:


1

2

1851 W 12th ST




2

3

1647 W 12TH PL




3

Sale Comps




4

1852 W 11th ST




4

Sale Comps




Regional Map




Location Maps




Retailer Map




POPULATION 0.25 MILES 0.5 MILES 1 MILE

Total Population 7,453 26,414 95,121

Average age 28.3 31.3 30.6

Average age (Male) 27.4 30.5 30.2

Average age (Female) 29.7 32.5 31.6

HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE

Total households 2,015 7,722 30,469

# of persons per HH 3.7 3.4 3.1

Average HH income $35,861 $32,905 $34,511

Average house value $500,231 $490,563

ETHNICITY (%) 0.25 MILES 0.5 MILES 1 MILE

Hispanic 88.7% 82.3% 78.2%

* Demographic data derived from 2010 US Census

Demographics Map & Report



1631-1633 1/2 w 12th st · 1631-1633 1/2 w 12th st offering memorandum presented by: los angeles,...

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