Los Angeles 40 Units Apartment Building $2,600,000

Type:	Multifamily Mid/High-Rise
No. Units:	40
Building Size:	19,107 SF
Lot Size:	6,360 SF
Occupancy:	92.00%
Price:	$2,600,000
Price/Unit:	$65,000
GRM:	8.73
Cap Rate:	6.17%
Year Built:	1929

Property Description:
This is a 39 unit (and one non-conforming unit) apartment building. Constructed of reinforced brick in 1929, the building features a newly painted brick and masonry façade. The property is currently undergoing a cosmetic upgrade with eighteen of the units converted from large studios to junior one-bedrooms. The studios range from approximately 425 510 square feet and the junior one-bedrooms are approximately 510 square feet. New hard wood floors have been installed in the hallways giving the interior a charming 1920' s feel. The building is 19,107 square feet +/- and sits on 6,360 +/- square feet of land. Twenty-two of the units are separately metered for electric, with the remaining master-metered for both gas and electric. Though the building is subject to Los Angeles rent control, there is approximately a 30% upside potential in gross income.

Financial Summary Actual
Net Operating Income:$160,420

No Debt & Equity Information Provided

Onsite Laundry

Close to Metro and Bus Lines

Twenty-Two Units Separately Metered for Electric
Large Studios Upgraded to Junior One-Bedrooms
Currently Undergoing Cosmetic Upgrade

Los Angeles 1 Unit Residential Income Property $2,295,000

Property Use Type:	Investment
Type:	Residential Income Single-Unit (SFR/Condo)
No. Units:	1
Building Size:	2,734 SF
Price:	$2,295,000
Price/Unit:	$2,295,000
Year Built:	2005
Property On Ground Lease:	Yes

Property Description:
Chic Newer Contemporary home minutes above Sunset Strip in private cul-de-sac. Amazing city views from all rooms. Home features elevator, media room, Flat Screen TV,3 bedroom suites; high ceilings, hardwood floors, venitian stucco, italian stone and tile, separate laundry room. European kitchen, with new appliances;massive outdoor terrace with romantic fountain, state of the art engineering, high quality finishes throughout. Available for lease $8,000/month.

Los Angeles Multi-Family Property For Sale $3,995,000

Type:	Multifamily Garden/Low-Rise
No. Units:	21
Building Size:	15,381 SF
Lot Size:	16,639 SF
Occupancy:	95.00%
Price:	$3,995,000
Price/Unit:	$190,238
GRM:	12.35
Cap Rate:	4.89%
Year Built:	1963

Property Description:
The subject property is a two-story garden style apartment building with a central courtyard. There are 10 two-bedroom/one-bathroom units, 10 one-bedroom/one-bathroom units and 1 legally habitable "guest room."
There are 22 parking spaces - 20 covered side-by-side spaces and 2 uncovered, tandem spaces. The building was recently painted and the roof has been replaced within the last ten years. The property is individually metered for all utilities.

Financial Summary

Actual

Year: 2007 Scheduled Gross Income: $324,756 Effective Gross Income: $308,578 Operating Expenses: $113,276 Net Operating Income: $195,302 Pre-Tax Cash Flow: $192,054

Unit Mix Information

2 Bedroom 1 Bath No. Units: 10 SF: 785 Avg. Mo. Rent: $1,511 1 Bedroom 1 Bath No. Units: 10 SF: 695 Avg. Mo. Rent: $1,142 Single 1 Bath No. Units: 1 SF: 581 Avg. Mo. Rent: $425

Debt & Equity Information

Debt Type: Proposed Loan Amount: $2,197,250 Interest Rate: 6.25% Amortized Over: 30 Due In: 5

Upland Value 2 Units Residential Income Property $320,000

Type:	Multifamily Duplex/Triplex/Fourplex
No. Units:	2
Building Size:	2,800 SF
Lot Size:	8,064 SF
Occupancy:	100.00%
Price:	$320,000
Price/Unit:	$160,000
Cap Rate:	6.00%
Year Built:	1919

Property Description:
TWO LEVEL HISTORIC HOME WITH 5 BEDROOM FRONT HOUSE 2 BATH. STUDIO BACK HOUSE WITH FULL BATH TOTALING 6 BEDROOMS 3 BATH. NEW FLOORS, CABINETS, COMMERCIAL ATTIC FAN, LIGHT FIXTURES, LAWN, SPRINKLERS. TENANTS PAY ALL UTILITIES. TWO CAR BLOCK WALL GARAGE WITH INDUSTRIAL DOOR HEIGHT. CURRENT TENANTS $3400 mo. Elevation 1500' with Mountain View. Back unit attached to garage; garage built 1965 permitted, it has it's own address and electric meter. GREAT rental area with great frontage. Master bedroom was 2 bedrooms which could be converted back to make this a 7 bedroom home. Perfect for a sober living home for possible of $6720 per month. Subject to short sale approval by lender.

Parking Ratio:5 / 1,000 SF

$2500 MO FRONT HOUSE $600 MO BACK HOUSE

PRICE RANGE $539,000 - $575,000 APPRAISED AT $575,000

Financial Summary

Actual

Year:	2007
Scheduled Gross Income:	$37,200
Operating Expenses:	$780
Net Operating Income:	$36,420

Unit Mix Information No Unit Mix Information Provided
No Debt & Equity Information Provided

Upland 2 Units Residential Income Property $449,000

Type:	Multifamily Duplex/Triplex/Fourplex
No. Units:	2
Building Size:	1,659 SF
Lot Size:	7,102 SF
Occupancy:	100.00%
Price:	$449,000
Price/Unit:	$224,500

Property Description:
2 on a lot with established tenants. Maintained by property management firm. Exterior just painted. Additional kitchen cabinetry added in last 3 years in front unit. Front 3/1, Rear unit 2/1. Separate entrancesand separate fenced yards. Property close to city services, parks and freewy access.

Los Angeles 11 Units Residential Income Property $3,999,000

Type:	Multifamily Garden/Low-Rise
No. Units:	11
Building Size:	16,368 SF
Lot Size:	13,317 SF
Price:	$3,999,000
Price/Unit:	$363,545
Cap Rate:	5.30%
Year Built:	1981

Property Description:
Completely Remodeled to Condo quality. Property has White Slips. Was purchased to be converted to condos but the market fell. Is currently being rented back up as apartments. Built in 1981 and NOT subject to rent control. Excellent unit mix of all 2's and 3's, with 7 units being multi-level town homes. All units have brand new W/D's and 2 parking spaces. 5.3% CAP against projected rental income. Low maintenance property since everything has been rehabbed, including new windows.

Financial Summary

Proforma

Year: 2008 Scheduled Gross Income: $308,400 Operating Expenses: $87,508 Net Operating Income: $211,640 Pre-Tax Cash Flow: $62,877

Unit Mix Information

2+2

No. Units: 3

2+2 TH

No. Units: 2

2+2.5 TH

No. Units: 5

3+4 TH

No. Units: 1

Debt & Equity Information

Debt Type:	Proposed
Loan Amount:	$2,480,000
Interest Rate:	6.00%
Amortized Over:	30
Due In:	5
Annual Debt Service:	$149,000
Down Payment:	$1,520,000
Loan Description:
Buyer to obtain new 1st TD. Contact your lender for a current quote.

Los Angeles Multifamily For Sale $1,599,000

Type:	Multifamily Duplex/Triplex/Fourplex
No. Units:	3
Building Size:	4,236 SF
Lot Size:	8,102 SF
Occupancy:	100.00%
Price:	$1,599,000
Price/Unit:	$533,000
Year Built:	1977

Property Description:
This triplex was built in 1977, and is in great condition. The property would work well for an owner/user. The back unit has a private swimming pool and patio area. Please call for marketing flyer on the property. PLEASE DO NOT DISTRUB THE TENANTS. SELLER WILL REVIEW ALL WRITTEN OFFERS.

Financial Summary Actual

Year:	2008
Scheduled Gross Income:	$64,349
Operating Expenses:	$19,199
Net Operating Income:	$45,150

Unit Mix Information

4 Bedroom / 3 Bath / Private Pool/Spa

No. Units: 1 SF: 2,200

2 Bedroom / 2 Bath

No. Units: 1 SF: 900

1 Bedroom / 1 Bath

No. Units: 1 SF: 750

No Debt & Equity Information Provided.