3658 MIDVALE AVE LOS ANGELES, CA OFFERING MEMORANDUM 2 MATTHEWS REAL ESTATE INVESTMENT SERVICESTM TABLE OF CONTENTS 04 | PROPERTY OVERVIEW 06 | FINANCIAL ANALYSIS 09 | AREA OVERVIEW EXCLUSIVELY LISTED BY KYLE MIRRAFATI ASSOCIATE VICE PRESIDENT - MULTIFAMILY Direct +1.310.295.4269 Mobile +1.949.533.4650
[email protected] License No. 01911204 (CA) DAVID HARRINGTON EVP & MANAGING DIRECTOR - MULTIFAMILY Direct +1.310.295.1170 Mobile +1.310.497.5590
[email protected] License No. 01320460 (CA) LOS ANGELES, CA 3 I SECTION OPPORTUNITY PROPERTY OVERVIEW » Prime Palms Neighborhood of Los Angeles | Steps from Downtown Culver City » Healthy Rental Income | 4.83% CAP & 13.74 GRM » Great Unit Mix of Majority 2- & 3-Bedroom Units NO. OF UNITS » Delivered with 2 Vacant Units 7 » New Copper Plumbing, Roof, & Resurfaced Driveway » High Density Rental Market with Strong Demographics YEAR BUILT 1958 PROPERTY DESCRIPTION APN » 4252-027-012 7 Legal Units, Built in 1958 | Updated Certificate of Occupancy » Unit Mix: (2) – 3Bed/2Bath ; (4) – 2Bed/1Bath ; (1) – Bachelor » Renovated Property | New Flooring, Granite Counter Tops, Bathrooms, Kitchens, Etc.. GROSS SF » Upgraded Systems | New Copper Plumbing, Roof, Driveway, Water Heaters. 6,350 » 11 Total Parking Spaces | 6 Carport Parking Spaces, 1 Tuck Under, and 2 Tandem Spots » Soft Story has been Completed AVG SF PER UNIT » Individually Metered for Electric and Gas 907 » On-Site Laundry for Additional Income | Leased on Month to Month » Centrally Located along the 10 & 405 Freeway Accessing