EXCLUSIVE MULTIFAMILY OFFERING 624 W 16TH STREET CAMERON …

5 UNITS$1,295,000

OLGA WRIGHT3 1 0 . 8 0 1 . 7 3 7 3

[email protected]

CAMERON SAMIMI3 1 0 . 2 5 9 . 7 5 5 6

[email protected]

E XC LU S I V E M U LT I FA M I LY O F F E R I N G

624 W 16TH STREETSAN PEDRO, CA 90731

PROPERTY OVERVIEW- Great unit mix of all 2 Bed 1 Bath units- Good income with upside potential- Desirable rental pocket of San Pedro- Soft Story Retrofit Completed- Additional income from garages ($500/month) and $30/month Retrofit pass-through- Well maintained, large building with recent exterior paint and landscaping- Tented and termite work completed 2.5 years ago- (4) Sec. 8 Tenants with Guaranteed Rent- Can be sold together with 5 units at 520 W 21st St, San Pedro

OFFERING SUMMARYSale Price: $1,295,000

Building Size: 4,504 SF

Lot Size: 5,005 SF

Number of Units: 5

Price / SF: $287.52

Cap Rate: 4.66%

NOI: $58,250

Year Built: 1969

EXECUTIVE SUMMARYE X C L U S I V E M U LT I FA M I LY O F F E R I N G


SAMIMI INVESTMENT REAL ESTATE | LYON STAHL INVESTEMENT REAL ESTATE • 2

POPULATION 0.5 MILES 1 MILE 1.5 MILESTotal Population 15,261 41,621 62,862

Average age 30.7 32.7 33.8

Average age (Male) 30.7 32.8 33.9

Average age (Female) 31.2 32.9 34.0

HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILESTotal households 5,451 15,113 23,025

# of persons per HH 2.8 2.8 2.7

Average HH income $53,159 $56,737 $61,461

Average house value $486,304 $543,259 $572,264

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP & REPORTE X C L U S I V E M U LT I FA M I LY O F F E R I N G



LOCATION MAPSE X C L U S I V E M U LT I FA M I LY O F F E R I N G



INVESTMENT OVERVIEWPrice $1,295,000

Units 5

GRM 13.3

CAP Rate 4.7%

Price per Unit $259,000

Price Per Sq. Ft $287.52

Year Built 1969

OPERATING DATAGross Scheduled Income $94,296

Vacancy Cost $4,733

Gross Income $89,923

Operating Expenses $31,856

Net Operating Income $58,250

Pre-Tax Cash Flow $15,283

FINANCING DATADown Payment $545,000

Loan Amount $750,000

Debt Service $42,967

Debt Service Monthly $3,580

Principal Reduction (yr 1) $13,207

FINANCIAL SUMMARYE X C L U S I V E M U LT I FA M I LY O F F E R I N G



UNITBED

UNITBATH

CURRENTRENT

2 1 $1,511

2 1 $1,444

2 1 $1,437

2 1 $1,678

2 1 $1,288

$7,358

RENT ROLLE X C L U S I V E M U LT I FA M I LY O F F E R I N G



INCOME SUMMARYRental Income $88,296

Garage Rental $6,000

Retrofit Pass-through $360

GROSS INCOME $94,656

EXPENSE SUMMARYNew Taxes $15,670

Maintenance $4,733

Insurance $1,520

Utilities $4,000

Landscaping $1,200

Property Management $4,733

GROSS EXPENSES $31,856

NET OPERATING INCOME $58,250

INCOME & EXPENSESE X C L U S I V E M U LT I FA M I LY O F F E R I N G



520 W 21st St Annualized Operating Data Current Rents Market Rents

List Price: $1,295,000 Scheduled Gross Income: ($ 94,656) ($ 106,860)

Down Payment: 40.0% $518,000 Vacancy Rate Reserve: ($ 4,733) 5% 1 ($ 5,343) 5% 1

Number of units: 5 Gross Operating Income: ($ 89,923) ($ 101,517)

Cost per Unit: $259,000 Expenses: ($ 31,855) 34% 1 ($ 31,855) 30% 1

Current GRM: 13.68 Net Operating Income: ($ 58,068) ($ 69,662)

Market GRM: 12.12 Loan Payments: ($ 44,514) ($ 44,514)

Current CAP: 4.48% Pre Tax Cash Flows: ($ 13,554) 2.62% 2 ($ 25,148) 4.85% 2

Market CAP: 5.38% Principal Reduction: ($ 13,683) ($ 13,683)

Year Built / Age: 1962 Total Return Before Taxes: ($ 27,237) 5.26% 2 ($ 38,831) 7.50% 2

Approx. Lot Size: 5,082

Approx. Gross RSF: 4,343 1 As a percent of Scheduled Gross Income2 As a percent of Down Payment

Cost per Net RSF: $298.18

Proposed Financing Scheduled Income:

First Loan Amount: $777,000 Amort: 30 Current Income Market Income

Terms: 4.000% Fixed: 5 # of Bdrms/ Notes Monthly Total Monthly Monthly Total

Payment $3,710 DCR: 1.30 Units Baths Rent/Average Income Rent/Unit Income

1 2+1 ($ 1,511) ($ 1,511) ($ 1,675) ($ 1,675)

Annualized Expenses: 1 2+1 ($ 1,444) ($ 1,444) ($ 1,675) ($ 1,675)

*Estimated 1 2+1 ($ 1,437) ($ 1,437) ($ 1,675) ($ 1,675)

New Taxes (New Estimated): ($ 15,670) 1 2+1 ($ 1,678) ($ 1,678) ($ 1,675) ($ 1,675)

Maintenance (5%): ($ 4,733) 1 2+1 ($ 1,288) ($ 1,288) ($ 1,675) ($ 1,675)

Insurance ($.35/SF): ($ 1,520)

Utilities ($800/unit/year): ($ 4,000)

Landscaping ($100/mo): ($ 1,200)

Property Management (5%) ($ 4,733)

Total Scheduled Rent: $7,358 $8,375

Retrofit Charge Pass-Through $30 $30

Total Expenses: $31,855 Garages $500 $500

Expenses as %/SGI 33.65% Monthly Scheduled Gross Income: $7,888 $8,905

Per Net Sq. Ft: $7.33 Annualized Scheduled Gross Income: $94,656 $106,860

Per Unit: $6,371 Utilities Paid by Tenant: Gas & Electric

FINANCIAL ANALYSISE X C L U S I V E M U LT I FA M I LY O F F E R I N G



SUBJECT PROPERTY624 W 16th Street | San Pedro, CA 90731

$1,295,000Sale Price: $58,250NOI: 4.66%CAP:13.26GRM: $259,000Price / Unit: 5No. Units:$287.52Price PSF: 4,504 SFBuilding SF: 1969Year Built:

1357 W. 9TH ST.San Pedro, CA 90731

$2,260,000Sale Price: $99,034NOI: 14.15GRM:10/25/2019Closed: 4.38%CAP: $282,500Price / Unit:8No. Units: $289.74Price PSF: 7,800 SFBuilding SF:1975Year Built: 8,960 SFLot Size:

1



2

SALE COMPSE X C L U S I V E M U LT I FA M I LY O F F E R I N G




$955,000Sale Price: $37,274NOI: 15.88GRM:11/15/2019Closed: 3.90%CAP: $191,000Price / Unit:5No. Units: $232.98Price PSF: 4,099 SFBuilding SF:1960Year Built: 6,781 SFLot Size:

3

4645 W 17TH STSan Pedro, CA 90731


4



5






6

72115 S GAFFEYSan Pedro, CA 90731


7




SALE COMPS MAPE X C L U S I V E M U LT I FA M I LY O F F E R I N G



1San Pedro, CA90731

357 W. 9TH ST. 2San Pedro, CA90731

576 W. 13TH ST.

3San Pedro, CA90731

630 W. 12TH ST. 4San Pedro, CA90731

645 W 17TH ST

5San Pedro, CA90731

631 W 10TH ST 6San Pedro, CA90731

252 W 11TH ST

7San Pedro, CA90731

2115 S GAFFEY

624 W 16th Street | San Pedro, CA 90731SUBJECT PROPERTY

SALE COMPS MAPE X C L U S I V E M U LT I FA M I LY O F F E R I N G



SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

624 W 16th StreetSan Pedro, CA 90731

$1,295,000 4,504 SF $287.52 $259,000 4.66% 13.26 5

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

1357 W. 9th St.San Pedro, CA90731

$2,260,000 7,800 SF $289.74 $282,500 4.38% 14.15 8 10/25/2019


$1,425,000 4,664 SF $305.53 $237,500 4.6% 13.49 6 03/31/2020


$955,000 4,099 SF $232.98 $191,000 3.9% 15.88 5 11/15/2019

4645 W 17th StSan Pedro, CA90731

$860,000 2,768 SF $310.69 $172,000 4.12% 14.2 5 06/18/2020


$1,115,000 4,373 SF $254.97 $185,833 5.12% 12.6 6 07/10/2020


$970,000 3,234 SF $299.94 $194,000 5.62% 12.3 5 08/07/2020

72115 S GaffeySan Pedro, CA90731

$1,125,000 2,808 SF $400.64 $187,500 4.77% 13.36 6 04/30/2020

PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSETOTALS/AVERAGES $292.84 $212,335 4.64% 13.71

SALE COMPS SUMMARYE X C L U S I V E M U LT I FA M I LY O F F E R I N G



ADDITIONAL PHOTOSE X C L U S I V E M U LT I FA M I LY O F F E R I N G



EXCLUSIVELY MARKETED BY

OLGA WRIGHT310.801.7373

[email protected]. 01315042

CAMERON SAMIMI310.259.7556

[email protected]. 02035763

EXCLUSIVE MULTIFAMILY OFFERING 624 W 16TH STREET CAMERON …

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