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3201-3209 West 110Th Street Inglewood, Ca 90303 Non - Endorsement and Disclaimer Notice

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3201-3209 West 110Th Street Inglewood, Ca 90303 Non - Endorsement and Disclaimer Notice 3201-3209 WEST 110TH STREET INGLEWOOD, CA 90303 NON - ENDORSEMENT AND DISCLAIMER NOTICE Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. 3201-3209 WEST 110TH STREET Inglewood, CA ACT ID Z0380583 Presented by Bridget Behmke Associate Tel: (310) 909-2321 Fax: (310) 909-5410 [email protected] License: CA 02019943 Aaron Fierstein V.P. Investments Associate Member - National Multi Housing Group Tel: (310) 909-5477 Fax: (310) 909-5410 [email protected] License: CA 01271183 33201 2 0 1-3209- 3209 WEST 110THWest STREET 110 th S t r e e t TABLE OF CONTENTS INVESTMENT OVERVIEW 01 Offering Summary Regional Map Local Map Aerial Photo FINANCIAL ANALYSIS 02 Rent Roll Summary Rent Roll Detail Operating Statement Pricing Detail Acquisition Financing MARKET COMPARABLES 03 Sales Comparables Rent Comparables MARKET OVERVIEW 04 Market Analysis 3201-3209 WEST 110TH STREET INVESTMENT OVERVIEW 3 2 0 1 - 3209 West 110 th S t r e e t OFFERING SUMMARY EXECUTIVE SUMMARY VITAL DATA Price $1,100,000 PRO FORMA Down Payment 100% / $1,100,000 CAP Rate 9.00% MAJOR EMPLOYERS Loan Type All Cash GRM 8.61 Price/Unit $183,333 Net Operating Income $99,009 EMPLOYER # OF EMPLOYEES Price/SF N/A Net Cash After Debt Service 9.00% / $99,009 Raytheon 8,994 Number of Units 5 + 1 Total Return 9.00% / $99,009 Public Affairs 4,000 Number of Buildings 3 Spacex 3,000 Number of Stories 1 Year Built / Renovated 1948 / 1954 Aerospace Corporation 2,662 Lot Size 0.31 acre(s) Classic Party Rentals 2,502 Factory 2-U Acquisition LLC 2,500 Fallas Discount Stores 2,500 Time Warner Cable Entps LLC 2,500 US Post Office 2,416 UNIT MIX Charles Drew Univ Mdcine Scnce 2,372 NUMBER OF UNITS UNIT TYPE APPROX. SQUARE FEET Parks & Recreation Dept 2,342 Mattel Toy Company 1,900 3 1 Bedroom + 1 Bath N/A 2 2 Bedroom + 1 Bath N/A 1 2 Bedroom + 1 Bath HOUSE N/A 6 Total DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 36,889 368,797 885,574 2010 Census Pop 35,851 353,109 850,576 2017 Estimate HH 10,707 116,268 277,053 2010 Census HH 10,398 111,019 265,422 Median HH Income $45,127 $41,810 $45,518 Per Capita Income $17,745 $18,411 $21,144 Average HH Income $60,702 $57,922 $67,166 5 3 2 0 1 - 3209 West 110 th S t r e e t OFFERING SUMMARY INVESTMENT OVERVIEW The City of Inglewood is experiencing a renaissance with the likes of the Hollywood Park Redevelopment, the new NFL Stadium under construction and future home to the L.A. Rams and L.A. Chargers, the proposed development of an NBA Sports Arena for the L.A. Clippers, the newly constructed Hollywood Park Casino, and the recently remodeled world class entertainment venue, the L.A. Forum. Countless other residential and commercial projects in the City of Inglewood are in the midst of being developed including mass public transportation lines to accommodate the surge of economic growth. This City is becoming the new Downtown Los Angeles in which an experienced investor can financially benefit now and into the future with rising rents and property value. You will find easy access to the subject properties as they are conveniently located just five miles from the Los Angeles Airport (LAX), 14 miles from Hollywood, and 13 miles from Downtown Los Angeles. Please do not trespass or disturb the tenants. Contact listing agent with any questions and for more information. Thank you for your interest! INVESTMENT HIGHLIGHTS ▪ Terrific unit mix of two-bedroom and one-bedroom units ▪ Approximately 200% in rental upside ▪ Located in one of the fastest growing real estate markets ▪ Close proximity to Los Angeles Stadium and Entertainment District ▪ Deliverable with Two Vacancies 7 3 2 0 1 - 3209 West 110 th S t r e e t OFFERING SUMMARY PROPERTY OVERVIEW We are proud to present for sale 3201 and 3209 West 110th Street, Inglewood, CA 90303. This terrific, custom-built property, is a true value-add real estate investment opportunity with an astounding 200% in rental upside and can be delivered with two vacancies. The offering consists of two adjacent triplexes, totaling six units, located on separate parcels in the non-rent control community of Inglewood, California which is rapidly becoming the next downtown Los Angeles of Los Angeles County. The building has operated as three two-bedroom, one-bathroom units, and three one-bedroom, one-bathroom units under the same ownership for the last forty years. Four of the apartments are separately metered for electricity, two of the apartments share one meter for electricity. Each parcel has individual water heaters. THE OFFERING Common Area Amenities Property 3201-3209 West 110th Street Price $1,100,000 Assessors Parcel Number 4031-006-009 & 4031-006-008 ▪ Two adjacent triplexes, separate parcels Zoning INR2YY ▪ On-site parking Proposed Financing All Cash SITE DESCRIPTION ▪ Two-car garage and one-car garage Number of Units 5 + 1 ▪ Spacious layouts Number of Buildings 3 ▪ Charming interior Number of Stories 1 Year Built/Renovated 1948-1954 Lot Size 13,545 sf Unit Amenities Type of Ownership Fee Simple ▪ Mostly individually metered for electricity 7 3 2 0 1 - 3209 West 110 th S t r e e t REGIONAL MAP 9 3 2 0 1 - 3209 West 110 th S t r e e t LOCAL MAP 10 3 2 0 1 - 3209 West 110 th S t r e e t AERIAL PHOTO 11 3201-3209 WEST 110TH STREET FINANCIAL ANALYSIS 3 2 0 1 - 3209 West 110 th S t r e e t FINANCIAL ANALYSIS RENT ROLL SUMMARY 13 3 2 0 1 - 3209 West 110 th S t r e e t FINANCIAL ANALYSIS RENT ROLL DETAIL 14 33201 2 0 1-3209- 3209 WEST 110THWest STREET 110 th S t r e e t FINANCIAL ANALYSIS OPERATING STATEMENT 15 33201 2 0 1-3209- 3209 WEST 110THWest STREET 110 th S t r e e t FINANCIAL ANALYSIS PRICING DETAIL 16 3 2 0 1 - 3209 West 110 th S t r e e t FINANCIAL ANALYSIS ACQUISITION FINANCING MARCUS & MILLICHAP CAPITAL CORPORATION WHY MMCC? CAPABILITIES Optimum financing solutions to MMCC—our fully integrated, dedicated financing arm—is committed to enhance value providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates Our ability to enhance buyer pool and terms. by expanding finance options We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of Our ability to enhance financing options. seller control • Through buyer Our dedicated, knowledgeable experts understand the challenges of financing qualification support and work tirelessly to resolve all potential issues to the benefit of our clients. • Our ability to manage buyers finance expectations • Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings • By relying on a world class Closed 1,651 debt National platform $5.1 billion total Access to set of debt/equity sources and equity operating national more capital financings within the firm’s volume in 2016 sources than and presenting a tightly in 2016 brokerage offices any other firm underwritten credit file in the industry 17 3201-3209 WEST 110TH STREET MARKET COMPARABLES 3201 West 110 TH S t r e e t SALES COMPARABLES 3201-3209 WEST 110TH STREET (SUBJECT) 1 820 Cory Drive 2 1022 Larch Street 3 10522 S Inglewood Avenue 4 814 N Market Street SALES COMPARABLES 19 3201PROPERTY3201-3209 West WESTNAME 110TH110 THSTREETS t r e e t SALES COMPARABLES SALES COMPARABLES SALES COMPS AVG Average Price Per Unit $300,000 $270,000 Avg.
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