1312 W. FLORENCE AVENUE, LOS ANGELES, CA 90044

EXECUTIVE SUMMARY

ADDRESS 1312 W. Florence Avenue

ASSESSOR’S PARCEL 6019-001-004

UNITS 4*

YEAR BUILT 1919

GROSS SQUARE FEET 4,795

LOT SIZE 4,795

OFFERING PRICE $600,000

This property offers a unique mix of (1) 3bd/1ba & (3)

1bd/1ba units that are 100% occupied with month to month

tenants. The property is zoned for LAC2 and sits on 4,795

sqft lot. The owner is currently operating the property as a 4

unit but assessors shows 6 units.

Buyer to perform own due diligence.

PROPERTY SUMMARY

Four unit apartment building centrally located real estate investment

opportunity located near the Staples Center and the new LA Rams

stadium.

This property offers a unique mix of (1) 3bd/1ba & (3) 1bd/1ba units

that are 100% occupied with month to month tenants. The property is

zoned for LAC2 and sits on 4,795 sqft lot. The owner is currently

operating the property as a 4 unit but assessors shows 6 units.

The new owner will have the opportunity to take advantage of the true

upside potential through rental increases and capital improvements.

TMG Investments is proud to present this

centrally located, 4-unit apartment community.

FINANCIAL analysis

FINANCIAL ANALYSIS

P r i c e

$ 6 0 0 , 0 0 0

P r i c e / u n i t

$ 1 5 0 , 0 0 0

P r i c e / s f

$ 1 2 5 . 1 3

C a p r a t e

5 . 9 3 %

g r m

1 1 . 6 3

MONTHLY RENT SCHEDULE

# of Units Type Estimated SF Avg.Current Rent/SF Current Total Market Rent/SF Market Total

1 3/1 1,000 $1,700 $1.70 $1,700 $2,000 $2.00 $2,000

2 1/1 640 $850 $1.33 $1,700 $1,400 $2.19 $2,800

1 1/1 640 $900 $1.41 $900 $1,400 $2.19 $1,400

4 $4,300 $6,200

Other Income (Laundry, Misc.) $0 $0

ANNUALIZED INCOME Current Market

Gross Potential Rent $51,600 $74,400

Less Vacancy 3% ($1,548) 3% ($2,232)

Scheduled Gross Income $50,052 $72,168

ANNUALIZED EXPENSES Current Market

Real Estate Taxes 1.196046% $7,176 $7,176

Insurance $1,166 $1,166

Utilities $300 $300

Trash $240 $240

Pest Control $350 $350

Landscaping $500 $500

Repairs & Maint. 8% of SGI $3,754 $5,413

Reserves $250 /Unit /Year $1,000 $1,000

Total Expenses $14,486 $16,145

Expenses/Unit $3,622 $4,036

Expenses/SF $3.02 $3.37

% of EGI 28.94% 22.37%

RETURN Current Market

NOI $35,566 $56,023

Less Debt ($27,056) ($27,056)

Cashflow $8,510 $28,967

Cash on Cash 4.73% 16.09%

SALES COMPARABLES

Address Sale Date Price Price/SF Bldg. SF Year Built Lot Area SF

1 7817 S. Western Avenue 11/9/18 $640,000 $374 1,707 1955 3,184

2 6127 S. Hoover Street 9/18/18 $440,000 $143 3,064 1926 6,002

3 949 W. 65th Street 6/8/18 $625,000 $163 3,816 1949 7,500

4 7817 S. Western Avenue 1/29/18 $290,000 $169 1,707 1955 3,184

5 6214 S. Western Avenue 1/3/18 $575,000 $257 2,234 1923 6,000

6 6505 S. Vermont Avenue 12/14/17 $490,000 $178 2,744 1931 2,499

7 7112 S. Harvard Boulevard 6/26/17 $739,000 $122 6,032 1963 6,084

$542,714 $201 3,043 1943 4,922

S 1312 W. Florence Avenue $600,000 $125 2,094 1928 6,978

1 7817 S. Western Avenue

2 6127 S. Hoover Street

3 949 W. 65th Street

4 7817 S. Western Avenue

5 6214 S. Western Avenue

6 6505 S. Vermont Avenue

7 7112 S. Harvard Blvd.

S 1312 W. Florence Ave.

SALES COMPARABLES

4

S

3

1

25

6

7

LEASE COMPARABLES

Address Type Estimated SF Current Rent Rent SF

1 1022 W 64th Street 1/1 950 $1,450 $1.53

2 10315 Normandie Ave 1/1 650 $1,150 $1.77

3 784 Laconia Blvd 1/1 475 $1,350 $2.84

4 1337 W. 93rd Street 1/1 500 $1,595 $3.19

AVERAGE 644 $1,386 $2.33

S 1312 W. Florence Avenue 1/1 640 $875 $1.37

S 1312 W. Florence Avenue 3/1 1,000 $1700 $1.70

1 1022 W 64th Street

2 10315 Normandie Ave

3 784 Laconia Blvd

4 1337 W. 93rd Street

S 1312 W. Florence Ave

LEASE COMPARABLES

4

S

3

1

2

MARKET OVERVIEW

LOCATION

Westmont is an up-and-coming neighborhood in the city of Los Angeles.

The area has immediate proximity to Inglewood, a city that is

experiencing a boost in economic and community development projects.

Once completed in 2020, the nearby NFL stadium will include a 70,000-

seat NFL stadium that will house the LA Rams and the LA Chargers.

6,000 seat performance venue, a retail village and fashion showcase, Class

A Office village, residential units, 300 room hotel, 2 lakes and 4 parks.

Los Angeles is the largest manufacturing center in the Western United

States due to its geographic location. The contiguous ports of Los

Angeles and Long Beach together comprise the fifth busiest port in the

world and the most significant port in the Western Hemisphere. It is vital

to trade with in the Pacific Rim. Home to the Fortune 500 companies

Occidental Petroleum, HealthNet, Reliance Steel & aluminum, and

AECOM Los Angeles is teaming with career opportunities. The city is on

the Leading Edge of several growth industries and is emerging as a leader

in the expanding tech industry.

Westmont is an up-and-coming neighborhood

within close proximity to economic development

1.85Area

Square Miles

31,853Total

Population

70%Owner

Occupied

$44,916Average HH

Income

Westmont is a census designated place (CDP) in Los Angeles County,

California, United States. The population was 31,853 at the 2010 census,

up from 31,623 at the 2000 census. The community is an unincorporated

area adjacent to South Los Angeles, which means that all services are

received from Los Angeles County

demographics

LOCATION

LA COUNTY ECONOMY

Los Angeles is the largest manufacturing center in the western United States due

to its geographic location. The contiguous ports of Los Angeles and Long Beach

together comprise the fifth-busiest port in the world and the most significant

port in the Western Hemisphere: It is vital to trade within the Pacific Rim.

Home to the Fortune 500 companies Occidental Petroleum, Health Net,

Reliance Steel &Aluminum, and AECOM Los Angeles is teeming with career

opportunities. The city is on the leading edge of several growth industries and is

emerging as a leader in the expanding tech industry.

TOP EMPLOYERS

LA COUNTY

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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

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