acquistion proposal - 3425 alice street los angeles ca

8/8/2019 Acquistion Proposal - 3425 Alice Street Los Angeles CA

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STATUS: Active ADDRESS: 3425 ALICE ST , LOS ANGELES ,CA 90065 LP : $199,000

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RESIDENTIAL SINGLE FAMILY AREA: (94) Glassell Park MLS#: 10-489619 MAP: 594/H5 BR : 3STYLE: California Bungalow SUB: PUD: YB: 1910 BA : 2.00APN: 5454-027-004 ZONE: LAR1 HOD: $0.00 STO: 1 APX SF: 1,180/ASADP: VU : No P L: No APX LDM: APX LSZ: 5,271/ASAPX ACREAGE: GH: None FP : PKGT: HORSE PROP: LSE: LOP: FUR: No PKGC: 0ELEM: CWC JRHS: CWC SRHS: CWC

DIRECTIONS: ALICE BETWEEN ISABEL AND CYPRESSREMARKS: Opportunity awaits. Great price for a 3 bedroom, 2 bath house on a tree lined street in Cypress Park. Needs some TLC

but lots of potential. Perfect for investors or first time home buyers.

ROOMS: LivingEQUIP: Built-InsAIR: None HEAT: WallFLOOR: Hardwood LAUNDRY: NoneFIREPL: None ROOF: CompositionPOOL: None TENNIS: PARK: Uncovered SPA: VIEW TYPE: None WATERFRONT: SEC: FIN: Cash To New LoanSEWER: POSS: Close Of EscrowDISC: As Is SZONE: OCC/ SHOW: Call LA 1 SALE TYPE: Standard

LP : $199,000 DOM: 3 LD : 11/05/2010 SP : SSP: BLOG Y/ N: Yes LP/SF: $168.64OLP: $199,000 CD: SD: WD: AVM 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 obtainedfrom 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

11/15/2010http://pro.themls.com/All_Searches_Preview_Files/one_client_detail_previ...


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Primary Owner: SIGALA, PAULINE; LARA, ALICIA

Secondary Owner:

Mail Address: 3421 ROSEVIEW AVE LOS ANGELES CA 90065

Site Address: 3425 ALICE ST

LOS ANGELES CA 90065

County: LOS ANGELES

Assessor ParcelNumber: 5454-027-004

Housing Tract Number:

Lot Number: 119

Page Grid: 594-H5

Legal Description:

Lot: 119 Abbreviated Description: LOT:119CITY:REGION/CLUSTER: 04/04427 BOWENSPLEASANT VIEW TERRACE LOT 119Comments: IMP1=1UNIT,800SF,YB:1910,02BD/01BA;IMP2=DUP,1UNIT,380SF,YB:1921,01BD/01BA.City/Muni/Twp:REGION/CLUSTER: 04/04427

Property Characteristics

Bedrooms : 3 Year Built : 1910 Square Feet : 1,180 SF Bathrooms : 2 Garage : Lot Size : 5,271 SF Total Rooms : Fireplace : Number of Units : 2 Zoning : LAR1 Pool : Use Code : Duplex (2 units, any combination) No of Stories :Building Style :

Sale Information

Transfer Date : 06/20/2000 Seller : , SANCHEZ, PRESCILIANA Transfer Value : N/A Document # : 00-0946750 Cost/Sq Feet : N/A Title Company :

Assessment & Tax Information

Assessed Value : $31,749 PercentImprovement : 31.71%

HomeownerExemption : H

Land Value : $21,680 Tax Amount : $1,219.85 Tax Rate Area : 0-004 ImprovementValue : $10,069 Tax Account ID : 2009

Market Improvement Value : Market Land Value : Market Value :Tax Year : 2010

Data Deemed Reliable, But Not Guaranteed.Copyright 1998- 2010 Investors Title Company All Rights Reserved.

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11/15/2010http://www.itcprofile.com/ProfileProxy.asp?cmd=8&26031A37C46


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Subject Property HistorySIGALA, PAULINE; LARA, ALICIA

3425 ALICE ST, LOS ANGELES 90065-1737APN: 5454-027-004 LOS ANGELES COUNTY

Mortgage Record Borrower Name SANCHEZ,JUAN; GUTIERREZ,VICTORIA Recording Date 12/02/2009 Document # 09-1821454 BK-PG - Loan Amount $25,000 Loan Type Unknown

TD Due Date Type ofFinancing Loan Type Unknown

Lender Name L ROB WERNER Interest RatePrior Transfer Buyer Name SIGALA, PAULINE; LARA, ALICIA Recording Date 09/14/2009 Document # 09-1401033 BK-PG - Price $45,000 First TD N/A TD Due Date Mortgage Doc # Loan Type Lender Name Interest Rate

Prior Transfer Buyer Name JAQUEZ, MARIA; SIGALA, PAULINE Recording Date 06/20/2000 Document # 00-0946750 BK-PG - Price N/A First TD N/A TD Due Date Mortgage Doc # Loan Type Lender Name Interest Rate


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Broker Price Opinion (BPO)

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 property is or was listed for sale, attach listing information.

Report By: ____________________________________________________

Email: ___________________________________________________

Phone: ___________________________________________________

5454-027-004

3425 Alice Street Los Angeles CA 90065Regular Sale/homeowner

40,000 216,000 399,000

2351 Eads Avenue Los Angeles CA 420,000 107 days3135 Isabel Drive Los Angeles CA 475,000 06/23/2010

SFR32

1910NO

1,180 YES

Ernie Espinoza

[email protected]


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Referred By:INVESTMENT PROPERTY PROFORMA Asset Manager:11/15/2010

Address: Sqft:3425 Alice Street Los Angeles CA 1,180 Purchase at: $216,000

Opening Bid $216,000Bedrooms 3 Per Sq Ft 141$Baths 2.00Year Built 1910Standard SALE

Per Original CashHolding Period % Sq Ft Budget Investment

Sales Price (Re-Sale Value) ARV (AFTER REPAIR VALUE) 100.0% 338.14$ 399,000.00$

Less Cost of SalesPurchase Price 54.1% 183.05$ 216,000.00$ 216,000$Construction / Repairs 10.0% 33.90 40,000.00$ 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% - -$ -$Fire Insurance Policy 0.0% 0.14 159.30$ 159.30$Recording/Doc Transfer Tax 0.1% 0.34 400.00$ 400.00$Temporary Utilities(Gas,Water,SCE) 0.1% 0.25 300.00$ 300.00$Monthly Maintenance 3 0.05% 0.25 300.00$ 300.00$Other - 1% Finders Fee 0.0% - -$ -

Total Cost of Sales 64.4% 217.93$ 257,159.30$ 257,159$

Gross Profit 35.6% 120.20$ 141,840.70$

Less Point of Sale ExpensesSales Commission-In House 2.5% 8.45$ 9,975.00$Sales Commission-Co Op 2.5% 8.45 9,975.00$Property Taxes - Current Year Proration 0.5% 0.68 804.00$Escrow/Title Closing Costs 0.5% 1.69 1,995.00$Pest Inspection Report 0.1% 0.13 150.00$Natural Hazard Disclosure 0.1% 0.11 125.00$Homebuyers Warranty 0.0% - -$

1% Asset Mgt Co. Fee 0.0% - -$

Total Point of Sale Expenses 6.2% 19.51$ 23,024.00$ -$

Contribution Margin 29.4% 100.69$ 118,816.70$ -$

Other Expenses

Cost Of Funds 3 1.00% 6.54 7,714.78$

Total Other Expenses 1.0% 6.54$ 7,714.78$ -$

Net Profit 28.4% 94.15$ 111,101.92$

Return on Investment (Net Profit/Total Cash Investment 43.20%

Annualized ROI (based on 90 day sales) x 4 172.81%

Director Director Date Director Date

C:\Users\Ernesto Espinoza\Desktop\4th\Proforma 4th 11/15/2010


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6 COMPS for 3425 ALICE ST LOS ANGELES, CA

90065 1 message

Ernesto Espinoza

[email protected]

Mon, Nov 15,2010 at 6:47 PM

Reply-To: Ernie Espinoza To: Ernie Espinoza

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STATUS: Active ADDRESS: 1833 Burnell Drive , Los Angeles 90065 LP: $449,000

Add'l Photos View Larger Map RESIDENTIAL SINGLEFAMILY

AREA: (95) MountWashington MLS#: 12144754IT MAP: 594/H1 BR: 3

STYLE: Mid Century SUB: PUD: YB: 1963 BA: 2.00

APN: 5455-005-030 ZONE: HOD: $0.00 STO: 0 APXSF: 1,275

ADP: VU: Yes PL: APX LDM: APXLSZ: 10,890APX ACREAGE: 0.25 GH: N/A FP: PKGT: 0HORSE PROP: LSE: No LOP: FUR: PKGC: 0ELEM: JRHS: SRHS:

DIRECTIONS: Property is off of Division.

REMARKS: Wow!! Big Price Reduction! This is a gorgeous mid century view home!! Hasexpansive decks from two levels with breathtaking views! Also has a bonus area/music studio orwhatever you choose with its own entrance. The interior is stunning with decorator touches andcolors. There are bamboo floors and upgrades that include the custom kitchen and bath areas.There are dual central air/heat systems to accomodate each level. It has a newer roof. Yes, this is

Page 1 of 8Gmail - 6 COMPS for 3425 ALICE ST LOS ANGELES, CA 90065

11/15/2010https://mail.google.com/mail/?ui=2&ik=4a4ae4bd62&view=pt&search=in...


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a large sloping lot but has no flat yard which means not a lot of upkeep!

ROOMS: Breakfast BarEQUIP: Dishwasher,Garbage DisposalAIR: HEAT: FLOOR: LAUNDRY: FIREPL: ROOF: CompositionPOOL: TENNIS: PARK: Garage & Attached,Other SPA: VIEW TYPE: WATERFRONT: SEC: FIN: SEWER: POSS: Close Of EscrowDISC: Short Pay SZONE: OCC/SHOW: Call Listing Office,Tenant SALE TYPE: Short Pay

LP : $449,000 DOM: 31 LD: 10/15/2010 SP : SSP: BLOG Y/ N: Yes LP/ SF: $352.16OLP: $499,000 CD: SD: W D: AVM 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 orobtained from Public Records or other sources. Buyer is advised to independently verify theaccuracy of all information through personal inspection and with appropriate professionals.Copyright 2010 by Combined L.A./Westside MLS, Inc. Information deemed reliable but notguaranteed. Prepared by: Ernesto Espinoza DRE# 01516070

STATUS: Active ADDRESS: 2351 Eads St , Los Angeles 90031 LP: $420,000

View Larger Map RESIDENTIAL SINGLEFAMILY

AREA: (21) SilverLake - Echo Park MLS#: Y1004922SC MAP: 594/G5 BR: 3

STYLE: Contemporary SUB: PUD: YB: 1927 BA: 2.00

APN: 5445-001-013 ZONE: R1 HOD: $0.00 STO: APXSF: 1,225APX APX




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ADP: VU: No PL: No LDM: 42x115 LSZ: 4,830APX ACREAGE: 0.11 GH: N/A FP: PKGT: HORSE PROP: LSE: No LOP: FUR: PKGC:ELEM: JRHS: SRHS:

DIRECTIONS: EAST FREEWAY 5 ,EXIT RIVERSIDEREMARKS: Price Reduced!! 3 BEDROOMS 2 BATHS WITH DRIVEWAY AND 1 CAR GARAGE,(((REGULAR SALE))),FORMAL DINING ROOM,NEXT TO FREEWAY 5 NORTH EXIT.AREA OFECHO PARK ,NORTH OF ELYSIAN PARK.TENANTS NOW ARE WILLING TO COOPERATETO SHOW THE PROPERTY.

ROOMS: EQUIP: NoneAIR: None HEAT: FLOOR: LAUNDRY: FIREPL: ROOF: Composition,ShinglePOOL: None TENNIS: PARK: SPA: NoneVIEW TYPE: None WATERFRONT: SEC: FIN: Cash To New LoanSEWER: In Street, Paid POSS: DISC: SZONE: OCC/SHOW: Tenant SALE TYPE:

LP : $420,000 DOM: 107 LD: 07/31/2010 SP : SSP: BLOG Y/ N: Yes LP/ SF: $342.86OLP: $450,000 CD: SD: W D: AVM Y/ N: Yes SP/ SF:

Broker/Agent does not guarantee the accuracy of the square footage, lot size or otherinformation concerning the conditions or features of the property provided by the seller orobtained from Public Records or other sources. Buyer is advised to independently verify theaccuracy of all information through personal inspection and with appropriate professionals.

Copyright 2010 by Combined L.A./Westside MLS, Inc. Information deemed reliable but notguaranteed. Prepared by: Ernesto Espinoza DRE# 01516070

STATUS: Sold ADDRESS: 1859 BURNELL DR , LOS ANGELES 90065 SP: $475,000




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Virtual/Photo Tour Add'l Photos View Larger Map RESIDENTIAL SINGLEFAMILY

AREA: (94) GlassellPark

MLS#: 10-442029 MAP: 594/H4 BR: 3

STYLE: Traditional SUB: PUD: YB: 1963 BA: 2.00

APN: 5455-005-035 ZONE: LAR1 HOD: $0.00 STO: 2 APXSF: 1,275/AS

ADP: VU: Yes PL: No APX LDM: APXLSZ: 7,500/ASAPX ACREAGE: N/A GH: N/A FP: PKGT: 1HORSE PROP: LSE: LOP: FUR: No PKGC: 1ELEM: JRHS: SRHS:

DIRECTIONS: cross street FutureREMARKS: Tucked away behind a quiet faade, youll find an amazing value in this challengingprice range. Fabulous sunset and canyon views, real party sized deck ready for your BBQ, openand easy living room, dining room, kitchen combo with crisp black and white tile and great in/outflow. Three bedrooms, bath and ! (not a 2 and 1). Upstairs youll find three ample bedrooms andfull bath, tall ceiling single garage for parking, rehearsal or easel. A multi tier yard ready for yourcreative touch. Tucked away yet convenient to everything.

ROOMS: Dining AreaEQUIP: NoneAIR: Wall/Window HEAT: CentralFLOOR: Laminate LAUNDRY: InsideFIREPL: None ROOF: POOL: TENNIS: PARK: Attached SPA: VIEW TYPE: Canyon WATERFRONT: SEC: FIN: Cash,Cash To New LoanSEWER: POSS: DISC: As Is SZONE: OCC/SHOW: Call Listing Office SALE TYPE:

LP : $489,000 DOM: 43 LD: 04/13/2010 SP : $475,000 SSP: BLOGY / N : Yes

LP/ SF: $383.53

OLP: $499,000 CD: 05/26/2010 SD: 06/30/2010 W D: AVMY / N : Yes SP/ SF: $372.55

Broker/Agent does not guarantee the accuracy of the square footage, lot size or otherinformation concerning the conditions or features of the property provided by the seller orobtained from Public Records or other sources. Buyer is advised to independently verify the




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accuracy of all information through personal inspection and with appropriate professionals.Copyright 2010 by Combined L.A./Westside MLS, Inc. Information deemed reliable but notguaranteed. Prepared by: Ernesto Espinoza DRE# 01516070

STATUS: Sold ADDRESS: 343 W AVENUE 41 , LOS ANGELES 90065 SP: $550,000

Virtual/Photo Tour Add'l Photos View Larger Map RESIDENTIAL SINGLEFAMILY

AREA: (95) MountWashington

MLS#: 10-447115 MAP: 595/A5 BR: 3

STYLE: Mid-Century SUB: PUD: YB: 1964 BA: 2.00

APN: 5465-021-018 ZONE: 9a HOD: $0.00 STO: 2 APXSF: 1,257/VN

ADP: VU: Yes PL: No APX LDM: APXLSZ: 6,016/VNAPX ACREAGE: N/A GH: N/A FP: PKGT: 2HORSE PROP: LSE: No LOP: FUR: No PKGC: 2ELEM: Mt. Washington JRHS: LAUSD SRHS: LAUSD

DIRECTIONS: Avenue 41 Between Glenalbyn Drive and Camino RealREMARKS: Classic California living in a tranquil setting on a picturesque street with loads ofstyle. The living room has a classic mid- century high vaulted A frame ceiling defined by adistinctive center beam and enormous symmetrical windows to frame the tranquil vistas. Relaxand enjoy morning coffee at the breakfast bar of the sunny kitchen and enjoy views that will startany day with a perfect perspective. Outdoor living beckons on the inviting patio and the enormous

usable yard is an exceptional canvas waiting for your splash of color! Freshly Painted and recentlyupgraded roof and HVAC.

ROOMS: Breakfast Bar,Living,Patio Covered,OtherEQUIP: OtherAIR: Central HEAT: CentralFLOOR: Carpet,Mixed LAUNDRY: OtherFIREPL: None ROOF: CompositionPOOL: TENNIS: PARK: Garage SPA:




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VIEW TYPE: Canyon,Green Belt WATERFRONT: SEC: FIN: Cash,Cash To New LoanSEWER: POSS: DISC: As Is SZONE: OCC/SHOW: Call LA 2 SALE TYPE:

LP : $521,000 DOM: 21 LD: 05/03/2010 SP : $550,000 SSP: BLOGY / N : Yes LP/ SF: $414.48


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

STATUS: Sold ADDRESS: 3135 ISABEL DR , LOS ANGELES 90065 SP: $475,000

Add'l Photos View Larger Map RESIDENTIAL SINGLEFAMILY

AREA: (94) GlassellPark

MLS#: 10-452367 MAP: 594/H4 BR: 3

STYLE: Mid-Century SUB: PUD: YB: 1960 BA: 2.00

APN: 5455-003-049 ZONE: LAR2 HOD: $0.00 STO: 1 APXSF: 1,170/AS

ADP: VU: Yes PL: No APXLDM: 95x80/VNAPXLSZ: 7,570/AS

APX ACREAGE: N/A GH: None FP: 1 PKGT: 3HORSE PROP: No LSE: No LOP: No FUR: No PKGC: 2ELEM: GLASSELLPARK EL JRHS: IRVING MS SRHS: FRANKLIN SH OR LINCOLN SH

DIRECTIONS: San Fernando to Division, east to Ave 33, right to Isabel, right to 3135.



Flippers purchased home at$190,000 Dec. 11 2009look at resale price.


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REMARKS: Better Shelter does it again with this beautiful 3 bedroom, 2 bath Mid-CenturyCalifornian in Glassel Park. Features vaulted ceilings, an open floorplan, and 3 decks/patios fortaking in the extraordinary views! This turn-key home has these features: hardwood floors; newlyremodeled bathrooms and kitchen; dishwasher; stove/oven; tankless water heater; secure parkingfor 4 cars; beautiful character windows; raised garden beds and xeriscaping throughout. **Pleasesee private remarks for Open House information**

ROOMS: Breakfast Area,Living,OfficeEQUIP: Dishwasher,Microwave,Range/OvenAIR: None HEAT: WallFLOOR: Carpet,Hardwood LAUNDRY: GarageFIREPL: Family Room ROOF: ShinglePOOL: None TENNIS: PARK: Attached,Door Opener,Garage SPA: VIEW TYPE: Canyon WATERFRONT: SEC: FIN: Cash To New LoanSEWER: In Street POSS: Close Of EscrowDISC: As Is SZONE: OCC/SHOW: Supra Lock Box,Vacant SALE TYPE:

LP : $399,000 DOM: 9 LD: 05/24/2010 SP : $475,000 SSP: BLOGY / N : Yes

LP/ SF: $341.03



STATUS: Sold ADDRESS: 3235 Granada Street , Los Angeles 90065 SP: $290,000




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Add'l Photos View Larger Map RESIDENTIALSINGLE FAMILY

AREA: (94) GlassellPark MLS#: 12138536IT MAP: 594/H4 BR: 3

STYLE: CaliforniaBungalow SUB: PUD: YB: 1910 BA: 2.00

APN: 5454-028-010 ZONE: HOD: $0.00 STO: APX SF: 1,167

ADP: VU: PL: APX LDM: APXLSZ: 5,193/OTAPX ACREAGE: 0.12 GH: N/A FP: PKGT: 0HORSE PROP: LSE: No LOP: FUR: PKGC:ELEM: JRHS: SRHS:

DIRECTIONS: Cross street is Cypress AvenueREMARKS: Great home for a first time home buyer on this 3 bedroom 2 baths open floor plan.Located on a large level lot, front yard great for kids and family entertaining. Large driveway withroom to park three cars. Nice and quiet back yard as well. Close to transportation, shoppingstores, markets, the 2 and 5 freeways.

ROOMS: Living,Breakfast BarEQUIP: AIR: HEAT: FLOOR: LAUNDRY: FIREPL: ROOF: Composition,ShinglePOOL: TENNIS: PARK: Garage & Detached,Other SPA: VIEW TYPE: WATERFRONT: SEC: FIN: Cash To New Loan,FHASEWER: POSS: DISC: SZONE: OCC/SHOW: Owner SALE TYPE:

LP : $299,900 DOM: 48 LD: 05/12/2010 SP : $290,000 SSP: BLOGY / N : YesLP/ SF: $248.50

OLP: $299,900 CD: 06/29/2010 SD: 08/10/2010 W D: AVMY / N : Yes SP/ SF:



acquistion proposal - 3425 alice street los angeles ca

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