6331 TEMPLETON STREET -...

Mark Zakarian [email protected] O: 213.221.1242C: 818.468.1377

811 Wilshire BlvdSuite #1010Los Angeles, CA 90017213.221.1288

Huntington Park, CA 90255

6331 TEMPLETON STREET

FOR SALE | 17 UNIT MULTIFAMILY

global-cre.com

http://www.global-cre.com/

811 WILSHIRE BLVD , SUITE #1010 • LOS ANGELES, CA 90017 • 213 .221 . 1288 • GLOBAL-CRE.COM

PROPERTY OVERVIEW

Templeton Apartments is a multi-unit apartment complex in the city of H untington Park. This charming 17 unit offers investors tremendous upside in a stable market with strong demographics. This apartment building was built in 1950 and it's located on a street to alley lot. The property offers tenants amenities such as a laundry facility and parking with private garages. The property is two stories and constructed of wood frame and stucco and all units have separate gas andelectric meters. Situated in the city of H untington Park, the property is non-rent controlled.

LOCATION OVERVIEW

H untington Park has a land area of three square miles and is home to approximately 58,000 residents. The city is just a few miles south of the downtown Los Angeles area. Many of H untington Park’s residents find employment in the abundant factory and industrial sites just to the immediate north and northeast in Vernon and Commerce. Also, just a couple of miles to the east is the 710 Freeway, which provides commuters easy access to 10 and 5 Freeways to the north and the 105 Freeway to the south.

OFFERING SUMMARY

Sale Price: $2,200,000

Price / SF: $286

Number Of Units: 17

Cap Rate: 4.6%

NOI: $102,613

Lot Size: 7,391 SF

Year Built: 1950

Building Size: 7,681 SF

Renovated: 2001

Zoning: R4 Huntington

Park

Executive Summary

6331 TEMPLETON STREETHuntington Park, CA 90255

MICHAEL [email protected]: 213.221.1243C: 310.923.1926


Additional Photos




UNIT TYPE COUNT%

TOTALSIZE(SF) RENT RENT/SF MIN RENT MAX RENT

MARKETRENT

MARKETRENT/SF DEPOSIT

Studio 13 76.5 430 $758 $1.76 $900 $2.09 $0

1 Bedroom + 1 Bath 4 23.5 620 $800 $1.29 $1,100 $1.77 $0

Totals / Averages 17 100% 8,070 $13,054 $1.62 $0.00 $0.00 $16,100 $2.00 $0

Unit Mix Summary




UNITNUMBER

UNITBED

UNITBATH

CURRENTRENT

CURRENTRENT (PER SF)

MARKETRENT

MARKETRENT/SF

1 0 1 $750 $1.74 $900 $2.09

2 0 1 $750 $1.74 $900 $2.09

3 0 1 $750 $1.74 $900 $2.09

4 0 1 $750 $1.74 $900 $2.09

5 0 1 $750 $1.74 $900 $2.09

6 0 1 $750 $1.74 $900 $2.09

7 0 1 $750 $1.74 $900 $2.09

8 0 1 $800 $1.86 $900 $2.09

9 0 1 $750 $1.74 $900 $2.09

10 0 1 $750 $1.74 $900 $2.09

11 0 1 $750 $1.74 $900 $2.09

12 0 1 $750 $1.74 $900 $2.09

13 0 1 $800 $1.86 $900 $2.09

14 1 1 $900 $1.45 $1,100 $1.77

15 1 1 $900 $1.45 $1,100 $1.77

16 1 1 $900 $1.45 $1,100 $1.77

17 (Manager's Unit) 1 1 $500 $0.81 $1,100 $1.77

Totals/Averages $13,050 $1.62 $16,100 $2.01

Rent Roll




INVESTMENT OVERVIEW

Price $2,200,000

Price per Unit $129,411

GRM 14.1

CAP Rate 4.6%

NOI (yr 1) $102,613

OPERATING DATA

Gross Scheduled Income $156,600

Other Income $3,900

Total Scheduled Income $160,500

Vacancy Cost $4,698

Gross Income $155,802

Net Operating Income $102,613

Pre-Tax Cash Flow $102,613

Financial Summary




INCOME SUMMARY PER UNIT

GROSS INCOME $155,802 $9,164

EXPENSE SUMMARY PER UNIT

Administrative $121 $7

Repairs and Maintenance $3,400 $200

Management $4,800 $282

Utilities $8,800 $517

Contracted Services $4,068 $239

Real Estate Taxes $26,000 $1,529

Insurance $6,000 $352

GROSS EXPENSES $53,189 $3,128

NET OPERATING INCOME $102,613 $6,036

| Income & ExpensesIncome & Expenses


SALE COMPARABLESSECTION 1

FOR SALE | MULTIFAMILY SPACE

global-cre.com

Mark Zakarian [email protected] O: 213.221.1242C: 818.468.1377

811 Wilshire BlvdSuite #1010Los Angeles, CA 90017213.221.1288

http://www.global-cre.com/

2663 E 57th St


Class C Apartments Building 24 Units of 6,020 SF Sold on4/20/2017 for $1,166,667 - Research Complete (Part of Multi-Property)

buyer

Calvo Groupc/o Peggy Lau1619 W Garvey Ave N West Covina, CA 91790

Judy Lee825 E State StOntario, CA 91761

seller

vital data

Sale Date: 4/20/2017

Days on Market: 64 days

Exchange: No

Conditions: Deferred Maintenance

0 Bedroom: 0

1 Bedroom: 10/100% (1 + 1)

2 Bedroom: 0

3 Bedroom: 0

Other: 0

Land Area SF: 6,247

Acres: 0.14

$/SF Land Gross: $186.77

Year Built, Age: 1949 Age: 68

Parking Spaces: -

Parking Ratio: -

FAR 0.96

Lot Dimensions: -

Frontage: -

Comp ID: 3887789


Status: Allocated

Building SF: 6,020 SF

Price/SF: $193.80

Pro Forma Cap Rate: -

Actual Cap Rate: -

Price/Unit: $116,666

No Units: 24

Down Pmnt: -

Pct Down: -

Doc No: 0436274

Trans Tax: $256.85

Corner: No

Zoning: HPR3YY

Percent Improved: -

Submarket: Huntington Park MF

Property Type: Multi-Family

Parcel No: -

Map Page: -

Escrow/Contract: 52 days

income expense data

($12,708)

$300,480

Effective Gross Income

- Vacancy Allowance

+ Other Income

Gross Scheduled IncomeIncome

$149,280

$91,334

$57,946

Total Expenses

- Operating Expenses

- TaxesExpenses

Cash Flow

$138,492

- Capital Expenditure

- Debt Service

Net Operating IncomeNet Income

financing

UNIT MIX AT TIME OF SALECopyrighted report licensed to Global Commercial Real Estate - 740397. 9/11/2017

Page 1

2667 E 57th St



buyer

Calvo Groupc/o Peggy Lau1619 W Garvey Ave N West Covina, CA 91790

Judy Lee825 E State StOntario, CA 91761

seller

vital data



Exchange: No

Conditions: Deferred Maintenance

0 Bedroom: 0

1 Bedroom: 15/100% (1 + 1)

2 Bedroom: 0

3 Bedroom: 0

Other: 0

Land Area SF: 6,586

Acres: 0.15



Parking Spaces: -

Parking Ratio: -

FAR 0.85

Lot Dimensions: -

Frontage: -

Comp ID: 3887789


Status: Allocated


Price/SF: $292.82


Actual Cap Rate: -


No Units: 24

Down Pmnt: -

Pct Down: -

Doc No: 0436274

Trans Tax: $256.85

Corner: No

Zoning: HPR3YY

Percent Improved: -



Parcel No: -

Map Page: -


income expense data

($12,708)

$300,480


- Vacancy Allowance

+ Other Income


$149,280

$91,334

$57,946

Total Expenses


- TaxesExpenses

Cash Flow

$138,492


- Debt Service


financing


Page 4

3559 E 57th St

Maywood ApartmentsMaywood, CA 90270

Class C Apartments Building 10 Units of 5,178 SF Sold on3/15/2017 for $1,300,000 - Research Complete

buyer

seller

vital data



Exchange: Yes

Conditions: 1031 Exchange

0 Bedroom: 0

1 Bedroom: 10/100% (1 + 1)

2 Bedroom: 0

3 Bedroom: 0

Other: 0

Land Area SF: 9,300

Acres: 0.21



Parking Spaces: 8

Parking Ratio: 0.80/Unit

FAR 0.56

Lot Dimensions: 155x60

Frontage: -

Comp ID: 3856942


Status: Confirmed


Price/SF: $251.06


Actual Cap Rate: 5.60%


No Units: 10

GRM: 10.95

Down Pmnt: $395,000

Pct Down: 30.4%

Doc No: 0296175

Trans Tax: $1,430

Corner: No

Zoning: R3, Maywood

Percent Improved: 57.7%

Submarket: Maywood MF


Parcel No: 6311-022-014

Map Page: Thomas Bros. Guide 675-C5


income expense data

($3,560)

$118,721


- Vacancy Allowance

+ Other Income


$41,538Total Expenses


- TaxesExpenses

Cash Flow

$73,623


- Debt Service


prior sale

Date/Doc No:

Sale Price:

CompID:

10/11/2012

$750,000

2595569

financing

1st JP Morgan Chase Bank NA

Bal/Pmt: $905,000


Page 7

3916 Bell Ave

Bell, CA 90201


buyer

Arthur & Carmen Gonzales 101 W Oakmont Dr Montebello, CA 90640

Macfarlane Real Estate, Inc. 2596 Mission StSan Marino, CA 91108

seller

vital data

Sale Date: 12/30/2016

Days on Market: -

Exchange: No

Conditions: -

0 Bedroom: 7/50% (0 + 1)

1 Bedroom: 7/50% (1 + 1)

2 Bedroom: 0

3 Bedroom: 0

Other: 0

Land Area SF: 9,448

Acres: 0.22



Parking Spaces: 20


FAR 0.61


Frontage: -

Comp ID: 3806218


Status: Full Value


Price/SF: $274.90


Actual Cap Rate: -


No Units: 14

Down Pmnt: $670,000

Pct Down: 42.1%

Doc No: 1666447

Trans Tax: $1,749

Corner: No

Zoning: R3


Submarket: Cudahy MF


Parcel No: 6325-037-003

Map Page: Thomas Bros. Guide 675-C7

Escrow/Contract: -

income expense data

$18,518

$18,518

Total Expenses


- TaxesExpenses

prior sale

Date/Doc No:

Sale Price:

CompID:

6/8/2012

$955,000

2492450

financing

1st Luther Burbank Savings

Bal/Pmt: $920,000


Page 9

4346 Florence Ave

Bell, CA 90201


buyer

Jimmy Sandhu7300 Roseberry AveHuntington Park, CA 90255(213) 808-2013

Berendo Piso LLC440 S Vermont AveLos Angeles, CA 90020

seller

vital data



Exchange: Yes


0 Bedroom: 0

1 Bedroom: 0

2 Bedroom: 2/18% (2 + 1)

3 Bedroom: 0

Other: 9/82% (4 + 3)

Land Area SF: 10,441

Acres: 0.24



Parking Spaces: 20


FAR 1.51

Lot Dimensions: -

Frontage: -

Comp ID: 3938027


Status: Allocated


Price/SF: $168.44


Actual Cap Rate: -


No Units: 11

Down Pmnt: -

Pct Down: -

Doc No: 0701251

Trans Tax: $5,142.50

Corner: No

Zoning: C3, Bell

Percent Improved: -

Submarket: Cudahy MF


Parcel No: -

Map Page: Thomas Bros. Guide 705-D1


income expense data

Cash Flow

$244,356


- Debt Service


prior sale

Date/Doc No:

Sale Price:

CompID:

11/20/2015

$4,250,000

3443233

financing


Page 11

6316 Middleton St

Middleton ApartmentsHuntington Park, CA 90255


buyer

Arthur & Carmen Gonzales 101 W Oakmont Dr Montebello, CA 90640

Mark Hentemann626 Lorraine Blvd Los Angeles, CA 90005

seller

vital data

Sale Date: 9/1/2016


Exchange: No

Conditions: -

0 Bedroom: 11/79% (0 + 1)

1 Bedroom: 3/21% (1 + 1)

2 Bedroom: 0

3 Bedroom: 0

Other: 0

Land Area SF: 7,497

Acres: 0.17



Parking Spaces: 5


FAR 0.84


Frontage: -

Comp ID: 3703234


Status: Confirmed


Price/SF: $255.31


Actual Cap Rate: 5.39%


No Units: 14

GRM: 10.79

Down Pmnt: $560,000

Pct Down: 35.0%

Doc No: 1055371

Trans Tax: $1,760

Corner: No

Zoning: R4, Huntington Park




Parcel No: 6320-033-003

Map Page: Thomas Bros. Guide 674-H6


income expense data

$20,063

$20,063

Total Expenses


- TaxesExpenses

prior sale

Date/Doc No:

Sale Price:

CompID:

10/22/2008

$1,150,000

1605486

financing

1st Luther Burbank Svgs

Bal/Pmt: $1,040,000


Page 14

6729-6731 Middleton St

Middleton ApartmentsHuntington Park, CA 90255


buyer

Pedro Piera6880 Arizona Ave Los Angeles, CA 90045

Paul D & S Inc 16162 Whittier Blvd Whittier, CA 90603

seller

vital data



Exchange: Yes


0 Bedroom: 2/13% (0 + 1)

1 Bedroom: 10/67% (1 + 1)

2 Bedroom: 3/20% (2 + 1)

3 Bedroom: 0

Other: 0

Land Area SF: 8,525

Acres: 0.2



Parking Spaces: 4


FAR 0.59

Lot Dimensions: -

Frontage: -

Comp ID: 3921071


Status: Allocated


Price/SF: $290.31


Actual Cap Rate: -

Price/Unit: $96,904

No Units: 15

Down Pmnt: -

Pct Down: -

Doc No: 0590295

Trans Tax: $2,238.50

Corner: No

Zoning: HPR4YY

Percent Improved: -



Parcel No: -

Map Page: -

Escrow/Contract: -

income expense data

financing


2509 Randolph St



buyer

Delecor Investments LLC c/o Jonathan Deleon 9309 Parrot Ave Downey, CA 90240

Magaly Loya 7235 Rio Flora Pl Downey, CA 90241

seller

vital data


Days on Market: -

Exchange: No

Conditions: -

0 Bedroom: 12/100% (0 + 1)

1 Bedroom: 0

2 Bedroom: 0

3 Bedroom: 0

Other: 0

Land Area SF: 7,932

Acres: 0.18



Parking Spaces: 4


FAR 0.65

Lot Dimensions: -

Frontage: -

Comp ID: 3874578


Status: Confirmed


Price/SF: $205.08


Actual Cap Rate: -

Price/Unit: $87,500

No Units: 12

Down Pmnt: -

Pct Down: -

Doc No: 0351681

Trans Tax: $1,155

Corner: No

Zoning: HPCG*




Parcel No: 6320-015-015

Map Page: -

Escrow/Contract: -

income expense data

financing

1st Private Lender

Bal/Pmt: $945,000

2nd Private Lender

Bal/Pmt: $155,000


Page 19



SALE COMPARABLES | Location Maps


* Demographic data derived from 2010 US Census

Mark Zakarian [email protected]: 213.221.1242C: 818.468.1377


POPULATION 0.25 MILES 0.5 MILES 1 MILE

TOTAL POPULATION 6,040 17,528 51,030

MEDIAN AGE 33.8 30.7 30.0

MEDIAN AGE (MALE) 32.4 29.4 28.8

MEDIAN AGE (FEMALE) 35.1 32.1 30.9

HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE

TOTAL HOUSEHOLDS 1,651 4,716 12,833

# OF PERSONS PER HH 3.7 3.7 4.0

AVERAGE HH INCOME $38,778 $40,794 $44,850

AVERAGE HOUSE VALUE $454,466 $458,894 $443,045

SALE COMPARABLES | Demographics Map


6331 TEMPLETON STREET -...

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