E XC L U S I V E MULTIFAMILY OFFERING 1922-1928 EAST 120TH STREET LOS ANGELES, CA 90059 12 UNITS BUILT: 1991 PRICE: $3,300,000 a Berkshire Hathaway and Jefferies Financial Group company INVESTMENT ADVISOR BRENT SPRENKLE SENIOR MANAGING DIRECTOR
[email protected] OFFICE: (310) 470-4892 CA BRE #01290116 SOUTH BAY LOS ANGELES OFFICE 2321 ROSECRANS AVENUE, SUITE #3235 EL SEGUNDO, CA 90245 OFFICE: (424) 239-5900 FAX: (424) 239-5901 THE PROPERTY 4 THE LOCATION 10 FINANCIALS 16 MARKETING POSITION 22 MARKET OVERVIEW 32 DEMOGRAPHIC 50 MULTIFAMILY REPORT 64 TABLE OF TEAMS AND 70 SERVICES CONTENTS THE PRopeRTY 4 5 5 INVESTMENT HIGHLIGHTS • Great Unit Mix - All 3 and 4 Bedroom Apartments • Modern Construction - Built in 1991 • Substantial Rental Upside - Average Rent: $1,555/Month T HE • Steps to Martin Luther King Hospital P roperty • Adjacent to Newly Constructed Single-Family Homes • Large Units Averaging Over 1,100 Square Feet Each 6 The Property BERKADIA PROPERTY SUMMARY PROPERTY INFORMATION UNIT MIX / BED TYPE SIZE Address 1922-1928 E 120th St, Los Angeles, CA 8 THREE BD / ONE BA 1,050 Number of Units 12 4 FOUR BD / TWO 1,250 Average Residential Unit SF 1,117 Total 12 / 13,536 Year Built 1991 Total Acreage 0.48 Number of Buildings / Stories One / Two-Stories Parcel Number 6150-005-018, 6150-005-019 Gas and Electric Separate Metered roperty P HE T The Property BERKADIA 7 PROPERTY DESCRIPTION The 120th Street Apartments is a 1991-construction apartment community consisting of two detached properties on two parcels.