3792 ashwood ave los angeles ca 90066files.constantcontact.com/796e91ba001/978f334a-d0f...concord...
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www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
7 UNITS IN THE BOOMING, WEST SIDE
NEIGHBORHOOD OF MAR VISTA
3792 ASHWOOD AVELOS ANGELESCA 90066
OFFERING MEMORANDUM
PRESENTEDBY
Kenny Stevens
Managing Partner / Senior Vice President
BRE#01090251
310.551.0660 Ext. 141 direct
310.551.0661fax
Our mission
LOCATION OVERVIEWMarket Overview
PROPERTY SUMMARYProperty Highlights
Property Details
Property Location
Aerial Photo
Parcel Orientation
Photography
FINANCIALSFinancial Overview
Rent Roll
COMPARABLESSales Comps
Rent Comps
MARKETING PACKAGEOVERVIEW
3792 ASHWOOD AVELOS ANGELES, CA 90066
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212
ABOUT US
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Our world has changed and so has the business of real estate. It’s not enough to work with a typical real estate
company. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfolio
together under one roof, combining corporatecapabilities with a family feel.
Concord is the evolution of real estate. We’re changing the game and moving above and beyond what
you’ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so you
don’t have to. From acquisition to management to construction to the disposition, Concord is elevating your
experience every step of the way.
3792 ASHWOOD AVELOS ANGELES, CA 90066
OUR CLIENTS ENTRUST US WITH SO MANY ASPECTS OF THEIR REAL ESTATE LIFE. OUR MISSION IS TO DUTIFULLY GUIDE THEM, CREATE VALUE AND ACT
IN HARMONY WITH THEIR BEST INTEREST.
WE PARTNER WITH YOU EVERY STEP OF THE WAY TO ELEVATE YOUR REAL ESTATE EXPERIENCE
a different kind of real estate partner.
OUR MISSION3792 ASHWOOD AVELOS ANGELES, CA 90066
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
LOCATION
3792 ASHWOOD AVELOS ANGELESCA 90066
LOCATIONLOCATION OVERVIEW
Mar Vista- Los Angeles, CA 90066
3792 Ashwood Ave is located in the booming, culturally rich neighborhood of Mar
Vista — Close to the Mar Vista Sunday Farmer's Market, Venice Beach, Marina Del
Rey, Silicon Beach, Santa Monica, and Culver City. Located only a short bike ride
from trendy Abbot Kinney Blvd where some of the best shopping and restaurants in
LA are located. Easy commute to LAX, Downtown LA and Beverly Hills and all that
West LA has to offer!
3792 ASHWOOD AVELOS ANGELES, CA 90066
LOCATIONLOCATION OVERVIEW
3792 ASHWOOD AVELOS ANGELES, CA 90066
Penmar Golf Course and
Recreation Center
Hatchet Hall
Sweet Lucie’s Ice Cream Shop
3792 Ashwood Ave
Venice Canals
Rose AvenueWhole FoodsCerveteca
Café GratitudeRose Café
The Yoga CollectiveMoon Juice
Groundwork Coffee
Abbot Kinney BlvdSalt Air Gjelina
Salt & StrawIntelligentsia Coffee
SatineAust
The Butcher’s DaughterAviator Nation
Erewhon Market
Marina Del Rey
Gold’s GymVenice High School
Superba Food + Bread
Oakwood
Recreation
Center
Costco
Marina Del Rey Hospital
AMC Dine-In Marina 6
Yard House
Ulta Beauty
Barnes and Noble
Mitsuwa Market
Place
Alana’s Coffee Roasters
PROPERTY SUMMARY
3792 ASHWOOD AVE LOS ANGELESCA 90066
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY SUMMARYPROPERTY HIGHLIGHTS
7 UNITS IN MAR VISTA• Excellent location on the Venice-Mar Vista border
• Easy bike ride to the beach, Abbot Kinney, Santa Monica
• 7 open parking spaces
• Front 1 + 1 unit has been beautifully renovated and currently vacant
• 1 Studio unit can be delivered vacant at COE
• New front fence and landscaping
• Rents can be increased by 5% per year
• Units are master metered
3792 ASHWOOD AVELOS ANGELES, CA 90066
PROPERTY SUMMARYPROPERTY DETAILS
PROPERTY DESCRIPTION
Units (1)1+1, (6) StudiosMajor Intersection Venice Blvd and Ashwood Ave
Market Mar VistaAPN 4245-021-001Zoning Type LARD1.5Building SF 2,499 SF
PROPERTY DETAILS
3792 ASHWOOD AVELOS ANGELES, CA 90066
Concord Real Estate Services proudly presents the offering memorandum for 3792 Ashwood Avenue in beautiful Mar Vista, California. This 1949 bungalow-style property is located just 1.5 miles from the world-famous Venice Beach Boardwalk. Entertainment value and proximity to a variety of westside neighborhoods add to this property’s long-term appreciation. The building has six (6) studios as well as one (1) 1+1 unit, all of which have hardwood floors, private entrances, and individual parking spaces.
PROPERTY SUMMARYPROPERTY LOCATION
3792 Ashwood Ave
3792 ASHWOOD AVELOS ANGELES, CA 90066
PROPERTY SUMMARYPROPERTY AERIAL
3792 ASHWOOD AVELOS ANGELES, CA 90066
Venice Blvd
Ash
wo
od
Av
e
PROPERTY SUMMARYPARCEL ORIENTATION
3792 ASHWOOD AVELOS ANGELES, CA 90066
PROPERTY SUMMARYPROPERTY PHOTOS
3792 ASHWOOD AVELOS ANGELES, CA 90066
PROPERTY SUMMARYPROPERTY PHOTOS
3792 ASHWOOD AVELOS ANGELES, CA 90066
PROPERTY SUMMARYPROPERTY PHOTOS
3792 ASHWOOD AVELOS ANGELES, CA 90066
PROPERTY SUMMARYPROPERTY PHOTOS
3792 ASHWOOD AVELOS ANGELES, CA 90066
FINANCIALS
3792 ASHWOOD AVELOS ANGELESCA 90066
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
FINANCIALSVALUATION - $2,050,000
3792 ASHWOOD AVELOS ANGELES, CA 90066
FINANCIALSRENT ROLL – As of July 1, 2017
3792 ASHWOOD AVELOS ANGELES, CA 90066
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
COMPARABLES
3792 ASHWOOD AVELOS ANGELESCA 90066
COMPARABLESSALES COMPS
Sales Comps
2700 Abbot Kinney Blvd
3632 S Centinela Ave
4320-4326 Inglewood Blvd
561 Washington Blvd
3792 Ashwood Ave
3792 ASHWOOD AVELOS ANGELES, CA 90066
COMPARABLESSALES COMPS
1
3792 Ashwood Ave, Los Angeles 90066
2700 Abbot Kinney Blvd Venice, CA 90291
4320-4326 Inglewood Blvd Los Angeles, CA 90066
Sale Price $5,650,000
COE 7/13/2016
Number of Units 15
Building SF 11,180
GRM 22.84
CAP 2.27%
Price/Unit $376,667
Year Built 1959
Sale Price $2,050,000
Number of Units 7
Building SF 2,499
GRM 16.05
CAP 3.78%
Price/Unit $292,857
Year Built 1949UNITS UNIT TYPE
1 1 Bed/1 Bath
6 Studio/1 Bath
3792 ASHWOOD AVELOS ANGELES, CA 90066
3632 S Centinela Ave Los Angeles, CA 90066
Sale Price $2,200,000
COE 3/31/2017
Number of Units 6
Building SF 6,200
GRM 17.94
CAP N/A
Price/Unit $366,667
Year Built 1944UNITS UNIT TYPE
2 3 Bed/2 Bath
2 2 Bed/2 Bath
2 2 Bed/1 Bath
Sale Price $2,350,000
COE 5/4/2017
Number of Units 6
Building SF 5,316
GRM N/A
CAP 2.57%
Price/Unit $391,667
Year Built 1953
UNITS UNIT TYPE
1 2 Bed/1.5 Bath
8 2 Bath/1 Bath
6 1 Bed/1 Bath
UNITS UNIT TYPE
4 2 Bed/1 Bath
2 1 Bed/1 Bath
561 Washington Blvd Venice, CA 90292
Sale Price $4,250,000
COE 3/8/2017
Number of Units 10
Building SF 6,280
GRM 19.69
CAP 2.96%
Price/Unit $425,000
Year Built 1954
UNITS UNIT TYPE
2 2 Bed/1 Bath
8 1 Bath/1 Bath
3792 Ashwood Ave
COMPARABLESRENT COMPS – Unfurnished Long Term Rentals
3792 ASHWOOD AVELOS ANGELES, CA 90066
Rent Comps
11923 Venice Blvd #2
11900 Venice Blvd #04
3629 Beethoven St
COMPARABLESRENT COMPS – Unfurnished Long Term Rentals
UNIT TYPE 1 + 1
RENT $2,350
UNIT TYPE Studio + 1
RENT $1,020-1,695
4
3792 Ashwood Ave, Los Angeles 90066
11923 Venice Boulevard #2 Los Angeles, CA 90066 3629 Beethoven St Los Angeles, CA 90066
3792 ASHWOOD AVELOS ANGELES, CA 90066
RENT $2,399
UNIT SIZE
UNIT TYPE 1 + 1
11900 Venice Boulevard #04 Los Angeles, CA 90066
RENT $2,195
UNIT SIZE 580 SQ.FT.
UNIT TYPE 1 + 1
RENT $1,695
UNIT SIZE 500 SQ.FT.
UNIT TYPE Studio
COMPARABLESRENT COMPS – Furnished Short Term Rentals
WEEKLY RENT $903
UNIT TYPE Studio
4
Private Guest Studio 2 Miles from Beach
Super Cute Venice/Mar Vista Studio Apt
Mar Vista – New Garden Guest House
3792 ASHWOOD AVELOS ANGELES, CA 90066
Private studio in a quiet neighborhood
Cozy Industrial Artist Loft Style Guest House in Mar Vista
WEEKLY RENT $553
UNIT TYPE Studio
WEEKLY RENT $693
UNIT TYPE Studio
WEEKLY RENT $560
UNIT TYPE Studio
WEEKLY RENT $1,043
UNIT TYPE Studio
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www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212OFFERING MEMORANDUM
KENNY STEVENS
BRE# 01090251
D: 310-551-0660 Ext. 141