Marketing Package 14328 Leffingwell Rd, Whittier, Ca 90604 14328 Leffingwell Rd Marketing Package
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MARKETING PACKAGE 14328 LEFFINGWELL RD, WHITTIER, CA 90604 14328 LEFFINGWELL RD MARKETING PACKAGE TABLE OF CONTENTS 01 Property Overview 02 Financial Analysis 03 Location Overview CONTACT INFORMATION John katnik Senior Associate (310) 956-2291 elliot hassAn Senior Director (424) 325-2643 mike hanassab Senior Director (424) 325-2642 anna sporrong Associate (424) 306-0983 02 14328 LEFFINGWELL RD, WHITTIER, CA 90604 SECTION ONE PROPERTY OVERVIEW 03 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW DETAILS Street Address 14328 Leffingwell Rd Number of Units 4 Parking 6 Garage Spaces / 4 Open Spaces City Whittier Number of Buildings 1 Zoning LCR320U* State CA Number of Stories 2 Unit Mix (1) 3 Bed / 2 Bath House (3) 2 Bed / 1 Bath Zip Code 90604 Water Master-Metered APN 8031-025-056 Electric Individually Metered Rentable Square Feet 3,998 SF Gas Individually Metered Lot Size 8,612 SF Construction Wood-frame Siding Year Built 1978 Roof Pitched 04 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW HIGHLIGHTS Ideal Owner-User Opportunity Renovated 3 bed / 2 bath house delivered vacant at close of escrow. The unit includes private laundry hookups as well as two private courtyards. Attractive Current Cap Rate of 5.51% With three units fully renovated and one unit partially renovated, the building has attractive in- place income. Well Maintained 1978 Construction Asset The building has been extremely well maintained by current ownership. Ample Parking and On-Site Laundry There are 6 garage spaces and 4 open spaces on-site. The 3 two-bed apartment units share common on-site laundry. Great Whittier Location The building is located in close proximity to multiple parks, schools and retail. 05 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW Property Photos 06 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW Interior Photos 07 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW Interior Photos 08 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW Interior Photos 09 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW Interior Photos 10 14328 LEFFINGWELL RD, WHITTIER, CA 90604 PROPERTY OVERVIEW Property PHotos 11 14328 LEFFINGWELL RD, WHITTIER, CA 90604 SECTION TWO FINANCIAL ANALYSIS 12 14328 LEFFINGWELL RD, WHITTIER, CA 90604 FINANCIAL ANALYSIS PRICING ANALYSIS CURRENT PRO FORMA CAP Rate 5.51% 6.39% $1,200,000 GRM 12.66 11.36 Price $1,200,000 Gross Income $92,556 $103,032 Price per Unit $300,000 Expenses $26,399 $26,399 Price per Square Foot $300.15 NOI $66,157 $76,633 This information has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless James Capital Advisors, Inc. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein. 13 14328 LEFFINGWELL RD, WHITTIER, CA 90604 FINANCIAL ANALYSIS FINANCING Down Payment $420,000 (35%) Loan Amount $780,000 Interest Rate 3.25% Amortization / Fixed Period 30-Year / 5-Year Term 360 Month CURRENT PRO FORMA Debt Service -$40,735 -$40,735 Pre-Tax Cash Flow $25,422 (6.05%) $35,898 (8.55%) Principle Reduction -$15,617 -$15,617 Total Return $41,038 (9.77%) $51,514 (12.27%) 14 14328 LEFFINGWELL RD, WHITTIER, CA 90604 FINANCIAL ANALYSIS INCOME AND EXPENSE ANNUAL ANNUAL INCOME CURRENT PRO FORMA EXPENSE CURRENT PRO FORMA Base Rental Income $94,800 $105,600 Taxes $14,400 $14,400 Additional Income $600 $600 Insurance $2,199 $2,199 Gross Potential Income $95,400 $106,200 Utilities $5,200 $5,200 Vacancy Allowance $2,844 (3%) $3,168 (3%) Repairs/Maintenance $2,000 $2,000 Effective Gross Income $92,556 $103,032 Landscaping $1,800 $1,800 Operating Expenses $26,399 (29%) $26,399 (26%) Reserves $800 $800 Net Operating Income $66,157 $76,633 Operating Expenses $26,399 $26,399 * Expenses are estimated based off of industry standards. 15 14328 LEFFINGWELL RD, WHITTIER, CA 90604 FINANCIAL ANALYSIS RENT SCHEDULE PRO FORMA PRO FORMA UNIT # UNIT TYPE SQ. FOOTAGE RENT RENT PER SF RENT RENT PER SF A*~^ 3 Bed / 2 Bath House 1,450 SF $2,500 $1.72 $2,500 $1.72 B^ 2 Bed / 1 Bath 850 SF $1,900 $2.24 $2,100 $2.47 C^ 2 Bed / 1 Bath 850 SF $1,900 $2.24 $2,100 $2.47 D” 2 Bed / 1 Bath 850 SF $1,600 $1.88 $2,100 $2.47 TOTAL 4,000 SF $7,900 $8,800 * Delivered Vacant at COE ~ Washer / Dryer in Unit ^ Renovated “ Partially Renovated ** Unit Square Footage is Estimated. 16 14328 LEFFINGWELL RD, WHITTIER, CA 90604 SECTION THREE LOCATION OVERVIEW 17 14328 LEFFINGWELL RD, WHITTIER, CA 90604 LOCATION OVERVIEW SUBMARKET Whittier, CA Whittier is a city in Southern California in Los Angeles County. The 14.7-square-mile city has 85,098 residents as of the 2019. The community- oriented city is made up of several neighborhoods, all of which add their own unique flair to the region. Whittier is located approximately 12 miles southeast of Los Angeles, or about a 25e minute drive away. While Whittier is an independent municipality, it is part of Los Angeles County. It’s one of “Gateway Cities,” the cluster of cities between Los Angeles and Orange County. Many students and young families are drawn to Whittier because of its proximity to reputable school districts. There are four designated historic districts in Whittier: the Central Park Historic District, the Hadley-Greenleaf Historic District, the College Hills Historic District, and the Earlham Historic District. Many residents living in these areas take extreme pride in being a homeowner because of the historic importance. Whittier has a variety of freeways, including the Interstate-605 which transverses the city’s northern end. Other nearby freeways include Interstate-5, Interstate-10, Interstate-105, California State Highway 60 and the California State Highway 57. As mentioned earlier, it’s less than a half-hour drive to Downtown Los Angeles heading west, so residents can still experience the benefits of being near a metropolitan area while enjoying the peaceful, small-town vibes of living in a suburb. 18 14328 LEFFINGWELL RD, WHITTIER, CA 90604 LOCATION OVERVIEW SUBMARKET La Habra, CA Located at Orange County’s northernmost corner, La Habra today is 7.3 square miles, with a population of nearly 62,000. The city of La Habra lies in a fertile valley between the Puente Hills to the North and the Coyote Hills to the south. A quiet bedroom community, La Habra’s convenient location also puts it within an hour’s drive of numerous beaches, mountain and desert areas as well as some of Southern California’s wide array of world-class tourist sites. The city is situated only 8 miles north of Anaheim and about 30 miles from Los Angeles. Other nearby communities include La Habra Heights (to the north), Brea (to the east) and Fullerton (to the south). La Habra also offers a distinctive and well- rounded program of civic, recreational, social and cultural services to its residents, including 20 parks, a Children’s Museum, Community Theater, Tennis Center, and diverse Community Center. Within the City are 3 outstanding school districts, which combined, operate 8 elementary schools, 3 middle schools, and 2 high schools. There are over 3,000 businesses in the city of La Habra from big box anchor stores like Costco and Target, to small family-owned businesses. The major shopping centers for the area include Imperial Promenade, La Habra Marketplace, and Westridge Shopping Plaza. The City of La Habra has a growing art and culture community with several sites dedicated to this area and over 100 community events during the year. 19 14328 LEFFINGWELL RD, WHITTIER, CA 90604 LOCATION OVERVIEW AERIAL 20 14328 LEFFINGWELL RD, WHITTIER, CA 90604 LOCATION OVERVIEW AERIAL 21 14328 LEFFINGWELL RD, WHITTIER, CA 90604 LOCATION OVERVIEW WALKABILITY 1. Stater Bros. Markets 12800 La Mirada Blvd, La Mirada, CA 90638 1.3 MILES FROM SUBJECT PROPERTY 2. Walmart 14865 Telegraph Rd, La Mirada, CA 90638 0.9 MILES FROM SUBJECT PROPERTY 3. Kindred Hospital La Mirada 14900 Imperial Hwy, La Mirada, CA 90638 1 MILE FROM SUBJECT PROPERTY 4. El Camino High School 14625 Keese Dr, Whittier, CA 90604 0.9 MILES FROM SUBJECT PROPERTY 5. Monte Vista School 12000 Loma Dr, Whittier, CA 90604 0.9 MILES FROM SUBJECT PROPERTY 6. Liberty Community Plaza 14181 Telegraph Rd, Whittier, CA 90604 0.6 MILES FROM SUBJECT PROPERTY 22 14328 LEFFINGWELL RD, WHITTIER, CA 90604 LOCATION OVERVIEW WALKABILITY 01 02 03 STATER BROS. MARKETS WALMART KINDRED HOSPITAL LA MIRADA This supermarket chain has over 171 Walmart is a popular supermarket an 86-bed hospital structured for stores throughout So. Cal. chain with over 11,500 stores. extended recovery periods. 04 05 06 EL CAMINO HIGH SCHOOL MONTE VISTA SCHOOL LIBERTY COMMUNITY PLAZA This high school is a fully accredited Monte vista is an elementary school A facility in whittier, CA that offers California Model School. that teaches kids from 1st-5th grade. a variety of different amenities. 23 14328 LEFFINGWELL RD, WHITTIER, CA 90604 LOCATION OVERVIEW Points of Interest 1. Knott’s Berry Farm 8039 Beach Blvd, Buena Park, CA 90620 6.5 MILES FROM SUBJECT PROPERTY 2. Disneyland Park 1313 Disneyland Dr, Anaheim, CA 92802 11.1 MILES FROM SUBJECT PROPERTY 3. Hsi Lai Temple 3456 Glenmark Dr, Hacienda Heights, CA 91745 5.8 MILES FROM SUBJECT PROPERTY 4.