EXCLUSIVE MULTIFAMILY OFFERING CAMERON SAMIMI 3 1 0 . 2 5 9 . 7 5 5 6 3806 MAPLE AVE [email protected] LOS ANGELES, CA 90011 4 UNITS + 1 ADU $795,000 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE TABLE OF CONTENTS LOS ANGELES, CA 90011 CONFIDENTIALITY & DISCLAIMER TABLE OF CONTENTS All materials and information received or derived from Samimi Investment Real Estate its directors, PROPERTY INFORMATION 3 officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, FINANCIAL ANALYSIS 9 compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property SALE COMPARABLES 12 for any party’s intended use or any and all other matters. LOCATION INFORMATION 18 Neither Samimi Investment Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Samimi Investment Real Estate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Samimi Investment Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Samimi Investment Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Samimi Investment Real Estate in compliance with all applicable fair housing and equal opportunity laws. SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 2 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE PROPERTY LOS ANGELES, CA 90011 INFORMATION SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 3 EXCLUSIVE MULTIFAMILY OFFERING 3806 MAPLE AVE PROPERTY OVERVIEW LOS ANGELES, CA 90011 PROPERTY DESCRIPTION 3806 Maple Ave is a highly desirable "Cottage Style" 4-Unit Multifamily Property accompanied with Ready to Issue “RTI” Approved Permits to add a 5th unit to the existing garage for extra income. These cottage style units function like individual homes and are a renter and owners dream. The property has a tenant-ready & beautifully REMODELED 2BD/1BTH unit ready for an owner occupier and qualifies for 30-year fixed financing at today’s exceptionally low rates. This is the perfect investment for a first-time homeowner or seasoned investor to rent out and capture great cash flow. With a 50% upside in the rents and RTI permits ready to convert existing garage to your 5th unit, the potential with this building reaches well above a 9.55% cap rate. All units have their own electric and gas meters, and each comes with its own outside parking space. With a Walk score of 81, Transit score of 72, and Bike Score of 93, you can walk or bike for all your errands and take the kids to one of the three very walkable parks nearby. Minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art’s District, The Reef, Banc of California Stadium, and LA LIVE. SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 4 EXCLUSIVE MULTIFAMILY OFFERING 3806 MAPLE AVE PROPERTY OVERVIEW LOS ANGELES, CA 90011 LOCATION INFORMATION Price: $795,000 Address: 3806 Maple Ave City, State, Zip: Los Angeles, CA 90011 BUILDING INFORMATION Year Built: 1923 Number of Units: 4 +1 ADU Building Size: 2,462 Sq.Ft. Lot Size: 4,558 Sq.Ft. Current CAP: 3.41% Current GRM: 16.57 Market CAP: 9.84% Market GRM: 7.81 (1) 2Bed + 1Bath Unit Mix: (3) 1Bed + 1Bath (1) Studio - ADU PROPERTY HIGHLIGHTS 4 Unit asset with "Ready-To-Issue" plans for garage conversion accessory dwelling unit (1) 2-Bed/1-Bath Unit has been completely remodeled and will be delivered vacant Over 50% upside in gross monthly income Will operate at 9.84% CAP and 7.81 GRM once property is stabilized Unit Mix consisting of (1) 2-Bed/1-Bath &(3) 1-Bed/1-Bath units, with potential (1) Studio unit SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 5 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE LOCATION LOS ANGELES, CA 90011 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 6 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE PHOTOS LOS ANGELES, CA 90011 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 7 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE PHOTOS LOS ANGELES, CA 90011 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 8 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE FINANCIAL LOS ANGELES, CA 90011 ANALYSIS SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 9 EXCLUSIVE MULTIFAMILY OFFERING 3806 MAPLE AVE RENT ROLL LOS ANGELES, CA 90011 UNIT UNIT UNIT CURRENT MARKET NOTES NUMBER BED BATH RENT RENT 1 1 1 $634 $1,695 2 1 1 $634 $1,695 3 1 1 $634 $1,695 4 2 1 $2,095 $2,095 Vacant/ Remodeled 5 0 1 $0 $1,300 ADU TOTALS/AVERAGES $3,997 $8,480 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 10 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE FINANCIAL ANALYSIS LOS ANGELES, CA 90011 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 11 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE SALE LOS ANGELES, CA 90011 COMPARABLES SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 12 EXCLUSIVE MULTIFAMILY OFFERING 3806 MAPLE AVE SALE COMPS LOS ANGELES, CA 90011 1 750 E 41ST ST Los Angeles, CA 90011 Sale Price: $750,000 NOI: $43,836 GRM: 11.12 1 Closed: 10/19/2020 CAP: 5.84% Price / Unit: $187,500 No. Units: 4 Price PSF: $339.37 Building SF: 2,210 SF Year Built: 1924 2 1036 E 24TH ST Los Angeles, CA 90011 Sale Price: $935,000 NOI: $44,842 GRM: 13.55 2 Closed: 05/20/2021 CAP: 4.80% Price / Unit: $233,750 No. Units: 4 Price PSF: $226.67 Building SF: 4,125 SF Year Built: 1965 3 115 W 41ST ST Los Angeles, CA 90037 Sale Price: $750,000 NOI: $34,125 GRM: 14.29 3 Closed: 08/05/2020 CAP: 4.55% Price / Unit: $187,500 No. Units: 4 Price PSF: $265.96 Building SF: 2,820 SF Year Built: 1922 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 13 EXCLUSIVE MULTIFAMILY OFFERING 3806 MAPLE AVE SALE COMPS LOS ANGELES, CA 90011 4 4216 WOODLAWN AVE Los Angeles, CA 90011 Sale Price: $795,000 NOI: $42,081 GRM: 12.28 4 Closed: 07/02/2020 CAP: 5.29% Price / Unit: $198,750 No. Units: 4 Price PSF: $348.68 Building SF: 2,280 SF Year Built: 1923 5 210 W MARTIN LUTHER KING JR Los Angeles, CA 90037 Sale Price: $950,000 Closed: 02/24/2021 Price / Unit: $237,500 5 No. Units: 4 Price PSF: $249.47 Building SF: 3,808 SF Year Built: 1914 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 14 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE SALE COMPS MAP LOS ANGELES, CA 90011 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 15 EXCLUSIVE MULTIFAMILY OFFERING 3806 MAPLE AVE SALE COMPS MAP LOS ANGELES, CA 90011 SUBJECT PROPERTY 3806 Maple Ave | Los Angeles, CA 90011 1 750 E 41ST ST 2 1036 E 24TH ST Los Angeles, CA Los Angeles, CA 90011 90011 3 115 W 41ST ST 4 4216 WOODLAWN AVE Los Angeles, CA Los Angeles, CA 90037 90011 5 210 W MARTIN LUTHER KING JR Los Angeles, CA 90037 SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 16 E X C L U S I V E M U LT I FA M I LY O F F E R I N G 3806 MAPLE AVE SALES COMPS ANALYSIS LOS ANGELES, CA 90011 Closed Address Price Units Yr.