5 Units in Prime Inglewood

5 Units in prime Inglewood

Offering Memorandum | FULLY VACANT FIXER

2333 Imperial Highway Armin Soleimani Julio Ruiz Realtor Broker Ingewood, CA 90303 3106662246 8185240706 Lic: 01846872 Lic: 01911261 [email protected] [email protected] 5 Units in Inglewood

CONTENTS

01 Executive Summary 06 Financial Analysis Investment Summary 3 Income & Expense Analysis 15 Unit Mix Summary 4 Location Summary 5 07 Demographics 02 Property Description Demographics 16 Property Features 6 Demographic Charts 18 Aerial Map 7 Advisor Profile 20 Property Images 8

03 Rent Comps 2333leases 11

04 Sale Comps sales comps 2333 13

05 Rent Roll Rent Roll 14

Exclusively Marketed by:

Armin Soleimani Julio Ruiz Realtor Broker Lic: 01846872 Lic: 01911261 3106662246 8185240706 [email protected] [email protected] 4311 S. Wilshire Blvd., #506 Los Angeles, CA 90010

We obtained the following 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 the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 5 Units in Inglewood Investment Summary | 03

OFFERING SUMMARY * 100% Vacant 5-unit building in Inglewood ready for renovation ADDRESS 2333 Imperial Highway * Moratorium proof asset where you can choose your own Ingewood CA 90303 tenants at the right time COUNTY Los Angeles * Excellent up and coming Inglewood location minutes from the Rams Stadium & Forum MARKET Inglewood * Incredible Current Cap Rate of 9% and GRM of 8.8 after SUBMARKET South Bay/ Los Angeles renovations BUILDING SF 4,645 SF * Individually metered for Gas & Electricity LAND SF 5,999 * 6 Garages for all 5 Units NUMBER OF UNITS 5 * Potential of splitting the front unit to an ADU as the 6th unit and converting portion of the 6 garages to another YEAR BUILT 1956 ADU as the 7th unit and to increase cash flow YEAR RENOVATED * Easy access to 405 & 10 freeways APN 4029-008-020 OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARY OFFERING PRICE $1,495,000 PRICE PSF $321.85 PRICE PER UNIT $299,000 OCCUPANCY 97.00 % NOI (CURRENT) $136,001 NOI (Pro Forma) $136,001 CAP RATE (CURRENT) 9.10 % CAP RATE (Pro Forma) 9.10 % GRM (CURRENT) 8.73 GRM (Pro Forma) 8.73

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2020 Population 24,806 373,668 902,894 2020 Median HH Income $60,190 $50,157 $52,002 2020 Average HH Income $79,557 $66,314 $73,522 5 Units in Inglewood Property Features | 06

PROPERTY FEATURES CONSTRUCTION NUMBER OF UNITS 5 FOUNDATION RAISED BUILDING SF 4,645 FRAMING WOOD LAND SF 5,999 EXTERIOR STUCCO LAND ACRES .137 PARKING SURFACE CEMENT YEAR BUILT 1956 ROOF SHINGLE YEAR RENOVATED 0 STYLE TRADITIONAL/MODERN # OF PARCELS 1 LANDSCAPING FRONT & REAR ZONING TYPE INR3YY TOPOGRAPHY SLOPE LOCATION CLASS A NUMBER OF STORIES 2 NUMBER OF BUILDINGS 1 LOT DIMENSION Rectangular NUMBER OF PARKING SPACES 5 PARKING RATIO 1.15:1 POOL / JACUZZI NONE FIRE PLACE IN UNIT NONE WASHER/DRYER IN UNIT/ COMMON

MECHANICAL HVAC 1 Unit Centralized

UTILITIES WATER OWNER TRASH TENANT GAS TENANT ELECTRIC TENANT 5 Units in Inglewood Location Summary | 05

Minutes to SoFi Stadium Regional Map

Description:

100% Vacant 5-unit building + 2 potential ADU. Fixer with good bones in RED HOT INGLEWOOD! Huge upsides to 9% cap and 8 GRM after renovations. Excellent unit mix with the potential of splitting the larger front unit to an ADU ( 6th unit), and converting a portion of the garages to another ADU (7th unit)! Total sqft. (per assessors) is 4,645 sqft. situated on a 5,999 sqft. -lot, zoned INR3YY! Individually metered for Gas & Electricity and includes 6 Garages for all 5 units. Locator Map Location:

Located in a big rental market! Centrally located near SoFi Stadium, The Forum, shopping, dining, Tesla/SpaceX & 105/405 Freeway access. Approx. within 5 miles from Los Angeles International Airport & Beach Cities! PRICED TO SELL. EXCELLENT INVESTMENT!!! LOOK NO MORE 5 Units in Inglewood Unit Mix Summary | 04

Actual Market Unit Mix # Units Square Feet Current Rent Rent PSF Monthly Income Market Rent Market Rent PSF Market Income 2 bd + 2 ba 1 0 $2,995 $2,995 $2,995 $2,995 2 bd + 1 ba 1 0 $2,495 $2,495 $2,495 $2,495 1 bd + 2 ba 1 0 $1,895 $1,895 $1,895 $1,895 1 bd + 2 ba 1 0 $1,895 $1,895 $1,895 $1,895 1 bd + 1 ba 1 0 $1,895 $1,895 $1,895 $1,895 Studio + 1 ba 1 0 $1,495 $1,495 $1,495 $1,495 Studio + 1 ba 1 0 $1,495 $1,495 $1,495 $1,495 Totals/Averages 7 0 $2,024 $14,165 $2,024 $14,165 5 Units in Inglewood Aerial Map | 07 5 Units in Inglewood Property Images | 08 5 Units in Inglewood Property Images | 09 5 Units in Inglewood Property Images | 10 5 Units in Inglewood Lease Comparables

# Virtual Photo MLS # AR S Address City BR Baths(FTHQ) SqFt Lot Sz YB LP SP Lease Furnished DOM Map Showing Terms

SB2013753 $4,250 1 7MR 1192 S 12013 Acadia CT HAWTHORNE 4 3.00 (3 0 0 0) 2139 9311 2015 $3,950 1-Year Unfurnished 36 /

SB2012360 2 8MR 1192 S 12036 Millennium Park CT HAWTHORNE 4 3.00 (3 0 0 0) 2139 117050 2015 $3,800  $3,800 1-Year Unfurnished 39 /

3 20-588998 36 S 10211 S ST ANDREWS PL Los Angeles 3 2.00 (2 0 0 0) 1612 6497 1940 $3,600 $3,600 1+Year Unfurnished 0 /

$3,600 1+Year,1- 4 20-606766 36 S 10211 S St Andrews Pl Los Angeles 3 2.00 (2 0 0 0) 1612 6497 1940 $3,600 Year Unfurnished 11 /

DW200310 5 55MR 1192 A 11818 Spinning AVE HAWTHORNE 3 2.00 (2 0 0 0) 1387 4582 1997 $3,250  1-Year Unfurnished 213 /

RS2012863 $3,000 6 9MR 34 S 9906 Haas AVE LOS ANGELES 3 2.00 (2 0 0 0) 1594 5668 1949 $3,000 1-Year Unfurnished 12 /

$3,000 1+Year,1- 7 20-594528 36 S 11106 S HARVARD BLVD Los Angeles 3 1.00 (1 0 0 0) 1495 5000 1947 $3,000 Year Unfurnished 18 /

GD2004064 Negotiabl 8 2MR 36 S 1618 W 107th ST LOS ANGELES 2 1.00 (1 0 0 0) 861 5962 1940 $2,800  $2,700 e Furnished 148 /

9 20-606168 36 S 1318 W 105th ST LOS ANGELES 3 2.00 (2 0 0 0) 9204 2020 $2,500 $2,400 1+Year Unfurnished 43 /

PW201578 $2,400 $2,400 1-Year Unfurnished 13 / 10 81MR 1727 S 3734 W 113th ST #1 INGLEWOOD 3 2.00 (2 0 0 0) 1100 6033 1965

DW201446 $2,200 $2,100 Other Unfurnished 17 / 11 33MR 36 S 1542 W 103rd ST LOS ANGELES 2 1.00 (1 0 0 0) 694 12033 1917

SB2008090 $2,050 $2,050 1-Year Unfurnished 62 / 12 5MR 2081 S 10203 Crenshaw BLVD INGLEWOOD 2 1.00 (1 0 0 0) 4849 7511 1955

DW201269 1-Year Unfurnished 73 / 13 90MR 36 A 1500 W 101st ST LOS ANGELES 2 1.00 (1 0 0 0) 850 8655 1930 $2,000 

CV2015803 Negotiabl $2,000 $2,000 Unfurnished 8 / 14 1MR 2081 S 11207 S Van ness AVE INGLEWOOD 2 1.00 (1 0 0 0) 805 6308 1947 e

NOTICE: Due to COVID-19, DOM was frozen and not recorded in the history from March 15, 2020 to July 5, 2020.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 5 Units in Inglewood Lease Comparables

# Virtual Photo MLS # AR S Address City BR Baths(FTHQ) SqFt Lot Sz YB LP SP Lease Furnished DOM Map Showing Terms

15 20-589710 36 S 10820 S WESTERN AVE Los Angeles 2 1.00 (1 0 0 0) 911 6019 1947 $1,965 $1,965 1+Year Unfurnished 2 /

16 20-565138 36 S 1212 W 107TH ST #11 LOS ANGELES 2 1.00 (1 0 0 0) 900 0 1962 $1,795  $1,795 1+Year Unfurnished 42 /

17 17-229256 1727 U 3634 W 107TH ST INGLEWOOD 2 1.00 (1 0 0 0) 1254 10277 1963 $1,700 1-Year Unfurnished 1109 /

DW200740 $1,600 18 68MR 34 A 10964 Wilton PL LOS ANGELES 1 1.00 (1 0 0 0) 360 6554 2020 1-Year Unfurnished 149 /

PV2015130 $1,550 19 0MR 1727 S 10203 England AVE #2 INGLEWOOD 1 1.00 (1 0 0 0) 750 8971 1956 $1,550 1-Year Unfurnished 8 /

PV2017693 20 6MR 1505 A 10203 England AVE INGLEWOOD 1 1.00 (1 0 0 0) 750 10000 1950 $1,500  1-Year Unfurnished 15 /

PV2013844 $1,450 21 3MR 1192 S 11610 Oxford AVE #6 HAWTHORNE 1 1.00 (1 0 0 0) 600 7050 2018 $1,450 1-Year Unfurnished 10 /

PV2017394 $1,450 22 1MR 1623 S 11610 Oxford AVE #5 HAWTHORNE 1 1.00 (1 0 0 0) 563 10000 2018 $1,450 1-Year Unfurnished 1 /

5000 feet 1 km

# S AR Address Zip LP SP BR BA Sqft LSZ LP/SqFt SP/SqFt YB LD Status Date Showing MLS # Type 1 S 1505 632 MANCHESTER TER 90301 $2,200,000 $2,200,000 11 13 9,563 7,295 $230.05 $230.05 1969 6/10/19 6/11/19 19-476736 INC

2 S 1192 13632 CERISE AVE 90250 $1,780,000 $1,720,000 12 6 4,980 19,524 $357.43 $345.38 2008 5/28/19 8/21/19 19-471164 INC

3 S 1727 10239 England AVE 90303 $2,000,000 $1,925,000 4,687 6,631 $410.71 $410.00 1955 8/24/19 10/24/19 SB19203707MR INC

4 S 1504 4033 W 135th ST 90250 $1,830,000 $1,768,000 7,169 8,700 $246.62 $246.00 1964 9/25/19 1/10/20 AR19228268MR INC

5 S 1623 4506 136th ST 90250 $1,625,000 $1,490,000 4,460 9,225 $334.08 $334.00 1967 11/7/18 6/20/19 PV18269099MR INC

6 P 36 711 W 90th ST 90044 $1,649,999 $0 3,746 5,864 $440.47 1923 5/20/20 9/8/20 IN20097135MR INC

7 S 1727 326 E HARDY ST 90301 $2,095,000 $2,007,000 11 11 6,131 8,777 $341.71 $327.35 1964 7/27/18 4/15/20 18-369860 INC

8 S 7 1639 82nd ST 90047 $1,459,000 $1,428,000 4,772 6,763 $299.25 $299.00 2019 2/10/20 7/15/20 DW20029733MR INC 5 Units in Inglewood Rent Roll Unit Unit Mix Monthly Market Rent Notes 2 2 bd + 2 ba $2,995 $2,995 ***Vacant*** 3 2 bd + 1 ba $2,495 $2,495 ***Vacant*** 4 1 bd + 1 ba $1,895 $1,895 ***Vacant*** 5 1 bd + 1 ba $1,895 $1,895 ***Vacant*** 6 1 bd + 1 ba $1,895 $1,895 ***Vacant*** Potential ADU Studio + 1 ba $1,495 $1,495 ***Vacant*** Potential ADU Studio + 1 ba $1,495 $1,495 ***Vacant*** Totals/Averages $14,165 $14,165 5 Units in Inglewood Income & Expense Analysis | 15

INCOME CURRENT PRO FORMA REVENUE ALLOCATION $169,980 $169,980 Gross Potential Rent CURRENT Laundry $1,200 $1,200 Gross Potential Income $171,180 $171,180 Less: General Vacancy $5,099 $5,099 Effective Gross Income $166,081 $166,081 Less: Expenses $30,080 $30,080 Net Operating Income $136,001 $136,001

EXPENSES Per Unit CURRENT Per Unit PRO FORMA Real Estate Taxes $3,588 $17,940 $3,588 $17,940 DISTRIBUTION OF EXPENSES $418 $2,090 $418 $2,090 Insurance CURRENT Management Fee $720 $3,600 $720 $3,600 Pest Control $80 $400 $80 $400 Repairs & Maintenance $250 $1,250 $250 $1,250 Landscaping $120 $600 $120 $600 Utilities $840 $4,200 $840 $4,200 Total Operating Expense $6,016 $30,080 $6,016 $30,080 Expense / SF $6.47 $6.47 % of EGI 18.11 % 18.11 % 5 Units in Inglewood Demographics | 16

POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Population 24,940 359,294 849,419 2000 Total Housing 8,337 117,022 277,710 2010 Population 23,971 364,214 875,176 2010 Total Households 7,858 112,451 265,554 2020 Population 24,806 373,668 902,894 2020 Total Households 8,060 114,304 270,870 2025 Population 25,465 375,950 909,853 2025 Total Households 8,246 114,399 271,577 2020 African American 15,438 129,631 272,532 2020 Average Household Size 3.06 3.24 3.31 2020 American Indian 108 2,328 5,685 2000 Owner Occupied Housing 4,765 42,440 112,516 2020 Asian 203 18,046 57,009 2000 Renter Occupied Housing 3,215 68,180 149,300 2020 Hispanic 8,429 205,813 495,805 2020 Owner Occupied Housing 4,615 40,205 107,497 2020 Other Race 4,710 110,199 269,219 2020 Renter Occupied Housing 3,445 74,099 163,373 2020 White 3,300 95,194 252,928 2020 Vacant Housing 413 7,499 18,565 2020 Multiracial 918 16,296 42,186 2020 Total Housing 8,473 121,803 289,435 2020-2025: Population: Growth Rate 2.65 % 0.60 % 0.75 % 2025 Owner Occupied Housing 4,647 41,032 109,662 2025 Renter Occupied Housing 3,598 73,366 161,915 2020 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE 2025 Vacant Housing 479 8,171 20,001 less than $15,000 916 16,071 38,296 2025 Total Housing 8,725 122,570 291,578 $15,000-$24,999 634 12,355 27,925 2020-2025: Households: Growth Rate 2.30 % 0.10 % 0.25 % $25,000-$34,999 744 12,321 27,226 $35,000-$49,999 1,022 16,200 36,531 $50,000-$74,999 1,421 21,175 47,158 $75,000-$99,999 1,127 13,385 31,031 $100,000-$149,999 1,291 14,518 35,442 $150,000-$199,999 544 4,892 14,273 $200,000 or greater 359 3,386 12,978 Median HH Income $60,190 $50,157 $52,002 Average HH Income $79,557 $66,314 $73,522

Source: esri 5 Units in Inglewood Demographics | 17

2020 POPULATION BY AGE 1 MILE 3 MILE 5 MILE 2025 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2020 Population Age 30-34 1,853 28,756 68,985 2025 Population Age 30-34 1,786 30,481 74,049 2020 Population Age 35-39 1,555 25,247 60,731 2025 Population Age 35-39 1,921 27,287 65,788 2020 Population Age 40-44 1,354 22,602 54,007 2025 Population Age 40-44 1,663 24,701 59,471 2020 Population Age 45-49 1,462 22,149 53,812 2025 Population Age 45-49 1,423 21,771 52,578 2020 Population Age 50-54 1,553 22,283 53,709 2025 Population Age 50-54 1,465 21,195 51,841 2020 Population Age 55-59 1,672 21,106 51,582 2025 Population Age 55-59 1,574 20,891 50,445 2020 Population Age 60-64 1,536 18,624 45,915 2025 Population Age 60-64 1,619 19,404 47,293 2020 Population Age 65-69 1,289 14,740 35,673 2025 Population Age 65-69 1,499 16,530 40,637 2020 Population Age 70-74 1,179 11,066 26,021 2025 Population Age 70-74 1,191 12,664 30,781 2020 Population Age 75-79 797 7,366 17,295 2025 Population Age 75-79 983 9,187 21,899 2020 Population Age 80-84 579 4,725 11,337 2025 Population Age 80-84 597 5,441 13,097 2020 Population Age 85+ 390 4,230 11,252 2025 Population Age 85+ 497 4,678 12,034 2020 Population Age 18+ 19,302 275,848 665,072 2025 Population Age 18+ 19,935 281,367 679,177 2020 Median Age 38 33 33 2025 Median Age 39 34 34

2020 INCOME BY AGE 1 MILE 3 MILE 5 MILE 2025 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $61,071 $53,511 $54,451 Median Household Income 25-34 $66,659 $57,107 $58,636 Average Household Income 25-34 $76,345 $66,267 $69,247 Average Household Income 25-34 $83,834 $72,988 $77,289 Median Household Income 35-44 $71,709 $52,699 $55,789 Median Household Income 35-44 $81,468 $60,363 $63,615 Average Household Income 35-44 $90,087 $71,882 $79,549 Average Household Income 35-44 $104,346 $81,976 $90,078 Median Household Income 45-54 $83,922 $63,034 $67,177 Median Household Income 45-54 $92,728 $70,095 $74,851 Average Household Income 45-54 $101,338 $79,844 $90,969 Average Household Income 45-54 $116,019 $90,386 $102,369 Median Household Income 55-64 $68,255 $52,988 $55,536 Median Household Income 55-64 $78,654 $58,319 $61,433 Average Household Income 55-64 $84,171 $68,119 $78,444 Average Household Income 55-64 $98,111 $78,081 $89,533 Median Household Income 65-74 $50,029 $39,308 $41,294 Median Household Income 65-74 $55,662 $42,710 $45,048 Average Household Income 65-74 $70,570 $55,679 $61,562 Average Household Income 65-74 $83,136 $63,755 $70,781 Average Household Income 75+ $50,172 $41,517 $45,480 Average Household Income 75+ $59,185 $48,089 $52,249 5 Units in Inglewood Demographic Charts | 18

2020 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2020 Population by Race

1 Mile Radius 3 Mile Radius 5 Mile Radius 5 Units in Inglewood Demographic Charts | 19

2020 Household Occupancy - 1 Mile Radius

2020 Household Income Average and Median

Average Income Median Income 5 Units in Inglewood Advisor Profile | 20

Diversified real estate professional with extensive experience with residential real estate, REO, commercial properties, mixed-use and multi-family residential properties.

Experience includes direct involvement with every phase of real estate acquisition, business plan creation and implementation. This entails property identification/selection, due diligence, negotiation of purchase terms and agreement, management, leasing and/or disposition. Licensed California Real Estate Agent and REALTOR. Armin Soleimani Realtor Specialties: Investment properties, evictions, management, valuations, BPO, dispositions and acquisitions. Expert in the Los Angeles Metropolitan and Suburban Areas with a focus in dense infill and distressed neighborhoods. 5 Units in Inglewood Advisor Profile | 21

Diversified real estate professional with extensive experience with residential real estate, REO, commercial properties, mixed-use and multi-family residential properties.

Julio Ruiz Broker Specialties: Investment properties, evictions, management, valuations, BPO, dispositions and acquisitions. Expert in the Los Angeles Metropolitan and Suburban Areas with a focus in dense infill and distressed neighborhoods. 5 Units in Inglewood

CONFIDENTIALITY and DISCLAIMER The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Global Platinum Properties and it should not be made available to any other person or entity without the written consent of Global Platinum Properties.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Global Platinum Properties. This offering memorandum has been prepared to provide summary, unverified financial and physical 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. Global Platinum Properties 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, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or 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 offering memorandum has been obtained from sources we believe reliable; however, Global Platinum Properties has not verified, and will not verify, any of the information contained herein, nor has Global Platinum Properties 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

Exclusively Marketed by:

Armin Soleimani Julio Ruiz Realtor Broker Lic: 01846872 Lic: 01911261 3106662246 8185240706 [email protected] [email protected]

4311 S. Wilshire Blvd., #506, Los Angeles, CA 90010 powered by CREOP