4509 willow brook - loopnet

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4509WILLOWBROOK

14-UNIT INVESTMENT OPPORTUNITY IN SILVER LAKE

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All 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 complete-ness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected finan-cial 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 information provided, 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 information 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 representations 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 transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of mar-ket rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased 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 requirements 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. 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. It is 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 include projections, 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 advisors should conduct your own investigation of the property and transaction

CONFIDENTIALITY AGREEMENT

EXCLUSIVELY LISTED BY:

RICH JOHNSMultifamily Investment [email protected] Lic. #01432215

ADAM ZUNDERMultifamily Investment Advisor818. [email protected] Lic#01349349

BRYAN M. SCHELLINGER Vice President of Investments213.943.1871 [email protected] CA License: 01908931

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04132024

EXECUTIVE SUMMARY

FINANCIAL ANALYSIS

MARKET COMPARABLES

LOCATION OVERVIEW

E X E C U T I V ES U M M A R Y

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THE OFFERING KW Commercial and Marcus Millichap, as exclusive co-listing agents, are pleased to present 4509 Willow Brook Avenue, a charming 1920’s 14-unit investment opportunity located in Silver Lake (90029), a burgeoning submarket of Los Angeles. The property, sited on a 10,530 square foot parcel, offers investors a unique and rare opportunity to immediately experience strong and stable income upon acquisition.

All 14-units, which average 630 (+/-) square feet, offer one-bedroom/one-bathroom floor plans and have undergone a major gut-level renovation. Each unit has been completely reimagined through a variety of comprehensive upgrades that include new windows, in-unit washer and dryers, air conditioning units, expanded doorways and openings, new stylized baths and kitchens with Caesar stone counter tops and custom cabinetry, to energy efficient stainless steel appliances such as a gas range, modern hood vent, refrigerator and dishwasher, new gleaming wood floors, new doors, upgraded lighting, covered under new hardware, and other designer finishes.

The asset has undergone a systematic renovation to the common spaces as well which is highlighted by drought resistant landscaping with a rock garden and olive trees, enhanced public spaces and a new exterior color palette.

Centrally located in Silver Lake, just south of Sunset Boulevard, 4509 Willow Brook Avenue is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake submarket. Furthermore, the subject property’s transit-oriented and highly walkable location offers residents access to myriad entertainment venues, cultural destinations, and dining options nearby. Given the property’s location and strong income metrics, 4509 Willow Brook Avenue is an ideal investment for apartment operators seeking immediate returns along with long term wealth preservation and appreciation.

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I n V E S T M E n Th I g h l I g h T S

ThE OPPORTUnITY: 4509 Willow Brook Avenue is a 14-unit investment opportunity located in Silver Lake, a densely populated rental submarket of Los Angeles known for excellent rent growth and low vacancy rates.

IMMEDIATE RETURnS: The asset has undergone a systematic renovation of the unit interiors in all 14 apartment homes in addition to the common areas which are now achieving strong market rents thus facilitating strong and stable investor returns.

WEll lOCATED: The property is located in the heart of Virgil Village / Silver Lake and approximately ½ mile from Sunset Junction and many shops and eateries such as Intelligentsia, Mohawk General Store, Cafe Stella, Forage, Squirl and Twig & Twine. There are endless dining and shopping options within walking distance and within minutes, a short drive puts you in Los Feliz and Echo Park.

gREAT WAlKABIlITY: With a 91 Walk Score, 4509 Willow Brook Avenue is a “Walker’s Paradise”– most errands do not require the use of a car.

EXCEPTIOnAl FInAnCIng / lOAn OPTIOnS: Buyers can acquire the property with as little as 30% down due to historically low interest rates and attractive financing options.

TRAnSIT ORIEnTED: 4509 Willow Brook Avenue is located approximately 1/2 mile from Sunset Sunset Blvd. and less than one block away from the Vermont/Santa Monica Redline station for an easy commute to Hollywood or Downtown Los Angeles.

STROng EMPlOYMEnT: Hollywood-Silver Lake is one of the strongest employment centers in the Los Angeles MSA and offers access to a diverse set of employers.

lACK OF hOUSIng AFFORDABIlITY: There is a significant affordability gap to home ownership in the Hollywood-Silver Lake submarket. As the median home price in the area is approximately $1.5m, a typical monthly mortgage payment is between 2-3 times more than the average rents at 4509 Willow Brook Avenue.

nO SEISMIC RETROFIT REQUIRED: The property is not on the list of buildings that require a seismic retrofit.

lOCATED nEAR nEW COMMERCIAl DEVElOPMEnTS: More than 2.3 million square feet of commercial space is currently under development in the Hollywood-Silver Lake submarket representing more than $1.58 billion in project costs. It is estimated that nearly 6,500 new jobs will be created in Hollywood alone as a result of these new developments.

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INTERIOR LIVING SPACES

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EXTERIOR SPACES

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Summary of Terms

Address:Assessor’s Parcel Number: Buildings: Year Built: Land Use: Zoning: Stories:

SITE DESCRIPTIONUnits: Gross Square Footage: Lot Size Square Footage:

UTILITIESElectric: Gas:

CONSTRUCTIONFoundation: Framing: Exterior: Roof:

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 Commercial or its personnel, and all interested parties must independently verify its accuracy and completeness.

4509 Willow Brook Avenue5539-003-007

One1923

ApartmentsLAR3Two

148,820

10,530

Separately Metered - LADWPSeparately Metered - LADWP

Raised FoundationWood Frame

StuccoFlat

Offering Price:Current Cap:Market Cap:Price/Unit:Price/SF:Current GRM:Market GRM:

$4,000,0004.69%5.09%

$285,714 $45413.6612.80

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LO C AT I O NO V E R V I E W

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Somewhere between the seediness of the strip and the sparkle of West Hollywood you’ll find a thriving metropolis of creative, chilled-out cool. If you want to see a little soul in the City of Angels, step away from the vegan juice bars of Sunset Boulevard, ride east in an Uber and stop when you see the sign above.

The Junction culminates into the semi-gentrified Silver Lake neighborhood around Sunset Junction, about six kilometers from Downtown LA. It’s here you’ll find chic gourmet institution L&E Oyster Bar, where you’ll munch on fried oyster po’boys with shaved fennel, lettuce and gribiche and rub shoulders with another hundred people dressed in skinny jeans and cardigans. If you take a stroll down Silver Lake Boulevard you’ll find some of the best bohemian homewares.

Following this uprising of trendy and eclectic residents is a diverse base of restaurants, bars, nightclubs, and retail shops that bring a wide range of cultural experiences to the area. Within the existing location, residents have the opportunity to walk to nearby restaurants and cafes, take the metro into the heart of Hollywood, or spend the afternoon in an adjacent neighborhood via short commute.

One of a Kind...SILVER LAKE

LOCATION FUNDAMENTALSMillennials have ditched the suburbs for a more active and dynamic urban lifestyle. Many don’t own or want to own cars, so they rely on walking, biking, Metro or Uber. There is a limited supply of housing in Los Angeles, and especially in Silver Lake which is causing upward pressure on rents. Research firm Axiometrics projects rental rates are to increase by 25% over the next five years.

URBAN LIVING WITH WALKABILITYAs one of the most densely populated area in Los Angeles, Silver Lake is a highly walkable submarket. Residents can travel on foot to complete their daily errands and stroll to many restaurants, clubs, chic hotels, and restaurants. With a Walk Score of 91 out of 100, the property is located in what walkscore.com considers “Walker’s Paradise”.

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The subject property is within walking distance of popular destinations and countless other local amenities along Sunset Junction thereby offering residents the perfect balance of urban activity and quiet neighborhood charm. Highlighted below are notable establishments within walking distance.

Retail Amenities

• The Black Cat Gastropub

• Forage Vegan Restaurant

• Intelligentsia Coffee

• Baskin Robins

• Millie’s Cafe

• Subway

• Pop Physique

• Domino’s Pizza

• Alfred Coffee

• Song Restaurant

• Hache LA Restaurant

• Samosa House

• Ali Mama Cafe

• Seven Sea’s Restaurant

• Diablo Restaurant

• Los Globos

WALK SCORE: 91“WALKER’S PARADISE”

TRANSIT SCORE: 69“GOOD TRANSIT”

WALK SCORE: 69“BIKABLE”

LOS GLOBOS INTELLIGENTSIA

DIABLO

THE BLACK CAT

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PARKE C H O

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CULTURAL• International Museums

(The Broad, MoMa)

• Small Concert Venues(Echoplex, Bootleg Theatre)

• Greek Theater

• Walt Disney Concert Hall

RECREATION• Griffith Park

• Echo Park Lake(Recently Renovated)

• LA River(Major Rejuvenation Underway)

• Elysian Park

• Grand Park

STRONG RENT GROWTH• Competing with Hollywood Rents

(Evidencing Desirability)

• Direct Path of Development

• Strong Community Pushback Prevents Future Competition

• Populated with Small Parcels Limiting Opportunities for LargeProjects or Creating Long Timelines for Assemblages

POSITIVE DEMOGRAPHICS• High Affordability Gap

• Epicenter of the Creative Class

• Growth of the Lifestyle RentersFreelance Culture, Live/Work

• Growing Income Levels in the Area

DINING & NIGHTLIFE• Numerous Bars, Restaurants, and Cafes in Echo Park Such as

Mohawk Bend, 1642, Ostrich Farm, and El Prado

• Minutes from Silver Lake, Los Feliz, and Downtown LA(Host to a Plethora of Highly Rated Restaurants and Speakeasies)

• Dodger Stadium

• Staples Center

ACCESSIBILITY• Adjacent to Many of LA’s Most Vibrant Neighborhoods

Including Silver Lake, Los Feliz, and Atwater Village

• Major Employers in Koreatown, Mid-Wilshire, and Downtown

• Convenient I-5 Freeway Access to Burbank and Glendale and101 Freeway Access to Hollywood and Universal City

Echo Park has become one of the trendiest neighborhoods in

Los Angeles. The area’s proximity to major employment centers

combined with its dining scene, recreational and cultural amenities,

and popular nightlife spots have made Echo Park an increasingly

desirable place to live.

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Virgil Village Virgil Village is a major arterial and intermodal thoroughfare with significant amounts of daily bus, car, bicycle and pedestrian traffic. This urban neighborhood is home to numerous small businesses and multi-family residences. Through initial funding, LANI assisted the Virgil Village community in developing a work plan detailing area demographics, assets, need and priorities. Funding to implement a portion of the community determined improvement priorities was secured through the federally funded Transportation Enhancement Act. The streetscape improvements, completed in 2001, included decorative pedestrian lights and crosswalks, trees and decorative tree grates, sidewalk repair and bus shelters with access ramps.

In 2010 LANI secured funding through CALTRANS to conduct a community conceptual planning process. The resulting document now serves as a guide for the design development and construction of physical improvements in Virgil Village. The plan provides a traffic calming component and a streetscape improvement plan with in-depth descriptions of the improvements agreed upon by the community including cost estimates. Priority improvements include: plazas, additional enhanced crosswalks, curb extensions, street trees and new street furniture. The Office of Councilman Mitch O’Farrell, Los Angeles City Council District 13, recently opened the Virgil Village bike lane with much enthusiasm from the neighborhood.

The Los Angeles Chapter of the American Planning Association recognized the Virgil Village Conceptual Plan with an award for Public Outreach in 2012.

This men’s clothing boutique inhabits a building off Virgil that used to be a motor scooter showroom. Now, they stock a range of new and vintage clothing and an eclectic assortment of homewares, objects, books and records. Dave says, “I like the stuff that Charlie stocks here. It’s smart and fun, and isn’t too serious. For lack of a better way to put it, it’s like ‘California lifestyle’—but very practical. You’re not gonna be that guy that kind of looks the part. They’re outfitting the people who would really walk around in that stuff.”

Just around the corner from Virgil Normal is Vinny’s Barber Shop. “I go to Vinny’s for a haircut every three weeks. I visit Charlie every time,” Dave says. As the story was told, Omar, the owner, got sick of working for other people and came up with a goal to start a business before he turned 30. It may have seemed ambitious given he was around 29 at the time, but he got to work and made it happen. Since then, Vinny’s has become a hit with the local guys.

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CENTRALLY LOCATED - SUPER HIGH DENSITY | RAPIDLY EXPANDING RENTAL MARKET TRUE TRANSPORTATION ORIENTED COMMUNITY - NUMEROUS SUBWAY OPTIONS | RICH IN AMENITIES - RESTAURANTS, RETAIL, ENTERTAINMENT

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F I N A N C I A LA N A L Y S I S

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FINANCIAL SUMMARY

FINANCIAL INDICATORS

Price $4,000,000

Down 30% $1,208,000

Current CAP 4.68%

Market CAP 5.09%

Price/Unit $285,714

Price/Gross SF $454

Current GRM 13.69

Market GRM 12.87

Current GIM 13.61

Market GIM 12.80

Ownership Fee Simple

UNIT MIX CURRENT MARKET

Unit Type# of

UnitsUnit Size Rental Range

Avg. Rent

Avg. Rent/SF

Monthly Income Rental Range

Avg. Rent

Avg. Rent/SF

Monthly Income

Loss-to-Lease

1 Bed/1 Bath 14 630 $1,552 - $1,850 $1,739 $2.76 $24,349 $1,850 - $1,850 $1,850 $2.94 $25,900 6%

Totals/Weighted Averages 630 $1,739 $2.76 $24,349 $1,850 $2.94 $25,900 6%

Current Occupancy: 100% ANNUAL CURRENT $292,185 ANNUAL MARKET $310,800

FINANCING

Loan Amount $2,792,000

Interest Rate 4.01%

Monthly Payment ($9,330)

Loan-to-Value 70%

Amortization (Years) 30

Proposed/Assumption Proposed

Minimum DSCR 1.15

Debt Service Coverage 1.67

I/O Period (Years) 3

Term (Years) 5

BUILDING DATA

No. of Units 14

Year Built 1923

Year Renovated 2013-2017

Lot Size (acres) 0.24

Lot Size (SF) 10,530

Gross SF 8,820

Net Rentable SF 8,820

APN 5539-003-007

ANNUALIZED OPERATING DATA CURRENT MARKET

Market Rent $310,800 $310,800

Gain (Loss)-to-Lease 5.99% (18,615) 0.00% - Gross Potential Rental Income $292,185 $310,800

Less: Vacancy 5.00% (14,609) 5.00% (15,540)

Less: Non-Revenue Units 0.00% - 0.00% - Less: Bad Debt 0.50% (1,461) 0.50% (1,554)

Less: Concession Loss 0.00% - 0.00% - Total Rental Income $276,115 $293,706

Other Income $11/unit/mo. 1,786 $11/unit/mo. 1,786

RUBS Income - -

Effective Gross Income $277,901 $295,492

Less: Expenses 32.71% (90,888) 31.06% (91,768)

Net Operating Income $187,012 $203,724

Less: Debt Service (111,959) (111,959)

Pre-Tax Cash Flow 6.21% $75,053 7.60% $91,765

FIXED EXPENSES CURRENT MARKET

Real Estate Taxes 1.193027% 47,721 47,721

Direct Assesments Per Assessor 1,266 1,266

Insurance $0.35SF 3,087 3,087

Utilities $480/unit 6,719 6,719

Reserves $200/unit 2,800 2,800

VARIABLE EXPENSES

General & Administrative $200/unit 2,800 2,800

Marketing Promotion $50/unit 700 700

Contract Services $350/unit 4,900 4,900

Repairs Maintenance $300/unit 4,200 4,200

Turnover $200/unit 2,800 2,800

Management Fee 5.0% of EGI 13,895 14,775

TOTAL EXPENSES $90,888 $91,768

Expenses/Unit $6,492 $6,555

Expenses / Gross SF $10.30 $10.40

% of EGI 32.7% 31.1%

4509 Willow Brook Los Angeles, CA 90029

CAPITAL EXPENDITURES

Contracted Work Price Completion Date

Unit Upgrades $419,310.16 2013Fencing $19,810.00 2013Landscaping $8,326.00 2013Roofing $1,250.00 2013

Kitchen Cabinets & Counters $39,550.00 2013Security-Cameras $4,054.82 2013Security-Intercoms $2,000.97 2013Termite $6,800.00 2013

Total: $501,101.95

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RENT ROLL

Current Scheduled Gross Income MarketUnit # Status Unit Type Unit Size Rent Rent/SF Rent Rent/SF Market Rent Market Rent/SF

4509 Occupied 1 Bed/1 Bath 630 $1,725.00 $2.46 $1,725.00 $2.46 $1,850 $2.644509 1/2 Occupied 1 Bed/1 Bath 630 $1,776.75 $2.54 $1,776.75 $2.54 $1,850 $2.644509 1/4 Occupied 1 Bed/1 Bath 630 $1,798.23 $2.57 $1,798.23 $2.57 $1,850 $2.644509 1/8 Occupied 1 Bed/1 Bath 630 $1,795.00 $2.85 $1,795.00 $2.85 $1,850 $2.644509 3/4 Occupied 1 Bed/1 Bath 630 $1,850.00 $2.64 $1,850.00 $2.64 $1,850 $2.644511 Occupied 1 Bed/1 Bath 630 $1,745.85 $2.49 $1,745.85 $2.49 $1,850 $2.644511 1/2 Occupied 1 Bed/1 Bath 630 $1,765.00 $2.52 $1,765.00 $2.52 $1,850 $2.644511 1/4 Occupied 1 Bed/1 Bath 630 $1,692.14 $2.42 $1,692.14 $2.42 $1,850 $2.644511 1/8 Occupied 1 Bed/1 Bath 630 $1,798.23 $2.57 $1,798.23 $2.57 $1,850 $2.644511 3/4 Occupied 1 Bed/1 Bath 630 $1,584.46 $2.26 $1,584.46 $2.26 $1,850 $2.644513 Occupied 1 Bed/1 Bath 630 $1,800.00 $2.57 $1,800.00 $2.57 $1,850 $2.644513 1/2 Occupied 1 Bed/1 Bath 630 $1,666.41 $2.38 $1,666.41 $2.38 $1,850 $2.644513 1/4 Occupied 1 Bed/1 Bath 630 $1,800.00 $2.57 $1,800.00 $2.57 $1,850 $2.644513 3/4 Occupied 1 Bed/1 Bath 630 $1,551.67 $2.22 $1,551.67 $2.22 $1,850 $2.64Units Occupied Units Occupancy % Rentable SF Rent Rent/SF Scheduled

Gross RentRent/SF Market Rent Market Rent/SF

14 14 100.0% 8,820 $24,348.74 $2.76 $24,348.74 $2.76 $25,900 $2.94

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DEBT QUOTES: 4509 Willow Brook

SCENARIO

Max Loan Amount

Current Interest Rate

Term

Amort Term

Interest Only

Rate Index at Adjustment

Rate Spread at Adjustment

Maximum LTV

Minimum DSCR

Recourse

Prepayment Penalty

Lender Processing Fees

QCP Loan Broker Fee

Monthly Payment I/O Period

Monthly Payment Amortizing

PERMANENT FINANCING SCENARIO5-yr Fixed

$2,792,000

4.01%

30 Years

30 Years

Up to 3 Years

6 Month Libor

2.25%

70%

1.15x

No

5,4,3,2,1

$2,000.00

1%

$9,330

$13,345

7-yr Fixed

$2,785,000

4.10%

30 Years

30 years

Up to 3 Years

6 Month Libor

2.25%

70%

1.15x

No

4,3,2,1

$3,000.00

1%

$9,515

$13,457

10-yr Fixed

$2,760,000

4.25%

10 Years

30 Years

Up to 3 years

N/A

N/A

70%

1.20x

No

Yield Mantinence

$12,500.00

1%

$9,775

$13,577

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M A R K E TC O M P A R A B L E S

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RENT COMPARABLES MAP

1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

4348 Lockwood Avenue

859 Sanborn Avenue

904 North Hoover Street

904 North Hoover Street

4120 Normal Avenue

4124 Normal Ave

1343 Maltman Ave

4018 Monroe Street

3519 Marathon Street

806 Tularosa Drive

4509 Willow Brook Avenue

26

630

850

600

690

575

750

800

825

675

600

670

RENT COMPARABLES

Property UnitsYearBuilt Owner / Manager

4509 Willow Brook AvenueLos Angeles, CA 90029

1

2

3

4

5

6

7

8

9

10

14

21

31

10

28

20

20

10

7

10

12

1923

1922

1929

1928

1928

1964

1964

1954

1926

1950

1927

4348 Lockwood AvenueLos Angeles, CA 90029

859 Sanborn Avenue Los Angeles, CA 90029

4108 Marathon AvenueLos Angeles, CA 90029

904 North Hoover Los Angeles, CA 90029

4120 Normal Avenue Los Angeles, CA 90029

Private Owner Owner Managed

AVERAGE:



3rd Party ManagementOwner Managed



$2,155

$2,500$1,845

HIGH: LOW:

703.4

850575

$3.11

$3.97$2.41


4124 Normal AvenueLos Angeles, CA 90029

ONE BEDROOM

Rent SF Rent/SF

$1,850

$2,050

$1,950

$2,250

$1,875

$1,995

$1,995

$2,500

$2,150

$ 2,385

$2,400

$2.94

$2.41

$3.25

$3.26

$3.26

$2.66

$2.49

$3.03

$3.18

$3.97

$3.58

1343 Maltman AvenueLos Angeles, CA 90026

4018 Monroe Street Los Angeles, CA 90029

3519 Marathon StreetLos Angeles, CA 90026

806 Tularosa DriveLos Angeles, CA 90026





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SALES COMPARABLES MAP

1)

2)

3)

4)

827 Merwin Street

4351 Normal Avenue

1801 Rodney Drive

853 Sanborn Avenue

1 4509 Willow Brook

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SALES COMPARABLESPROPERTY

4509 Willow Brook AvenueLos Angeles, CA 90029

1

2

3

4

827 Merwin StreetLos Angeles, CA 90026

4351 Normal AvenueLos Angeles, CA 90029

1801 Rodney DriveLos Angeles, CA 90026

853 Sanborn AvenueLos Angeles, CA 90029

1923

1929

1918

1926

1929

14

8

9

9

31

8,820

7,400

9,544

6,565

16,110

$4,000,000

$2,900,000

$2,395,000

$2,671,500

$9,650,000

4.69%

4.83%

5.40%

4.01%

5.00%

13.66

13.67

-

-

12.98

$285,714

$362,500

$266,111

$296,833

$311,290

$454

$391.89

$250.94

$406.93

$599.01

-

10/3/2016

5/3/2016

5/17/2016

4/28/2017

14(1+1)

0(1+1)

1(1+1)

0(1+1)

24(1+1)

0(2+1)

8(2+1)

7(2+1)

0(2+1)

4(2+1)

0(0+1)

0(0+1)

1(0+1)

9(0+1)

3(0+1)

BUILT UNITS BLDG.SF PRICE CAP GRM $/UNIT $/SF CLOSED STUDIO 1BDR 2BDR

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EXCLUSIVELY LISTED BY

RICH JOHNSMultifamily Investment [email protected] Lic. #01432215

ADAM ZUNDERMultifamily Investment Advisor

818. [email protected]

CalBRE Lic#01349349

BRYAN M. SCHELLINGER Vice President of Investments

213.943.1871 [email protected]

CA License: 01908931

4 5 0 9W I L LO W B R O O K

4509 willow brook - loopnet

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