property overview - loopnet · by accepting this marketing brochure, the recipient agrees to...

MARKETING PACKAGE 2446 CINCINNATI ST, LOS ANGELES, CA 90033

02 2446 CINCINNATI ST, LOS ANGELES, CA 90033

TABLE OF CONTENTS

Property Overview

Financial Analysis

Location Overview

01

02

03

CONTACT INFORMATION

2446 CINCINNATI ST

MARKETING PACKAGE

John katnikSenior Associate(424) 325/2644

elliot hassAnSenior Director(424) 325/2643

mike hanassabSenior Director(424) 325/2642


SECTION ONE

PROPERTY OVERVIEW


Garage & Tandem

R4

(2) 2 Bed / 1 Bath(1) 3 Bed / 2 Bath(1) 5 Bed / 2 Bath

5,564 SF

7,000 SF

4

2

2

HIGHLIGHTS

• Building is Located in a Gentrifying Area.

• Stabilized Asset.

• Great Unit Mix.

• Attractive Residential Financing Available.

• Close Proximity to Keck Medicine of USC.

2446 Cincinnati St

Los Angeles

CA

90033

5177-034-004

Master-Metered

Individually Metered

Individually Metered

Wood-frame Stucco

Flat1904

Street Address

City

State

Zip Code

APN

Rentable Square Feet

Lot Size

Year Built

Number of Units

Number of Buildings

Number of Stories

Water

Electric

Gas

Construction

Roof

Parking

Zoning

Unit Mix

PROPERTY OVERVIEW

DETAILS


SECTION TWO

FINANCIAL ANALYSIS


$1,285,000$89,593

$30,557

$59,036

$108,834

$30,557

$78,277

$1,285,000

$321,250

Price

Price per Unit

Price per Square Foot

CAP Rate

GRM

Gross Income

Expenses

NOI

CURRENT

4.59%

13.91

PRO FORMA

6.09%

11.45

$230.95

This information has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless James Capital Advisors, Inc. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

FINANCIAL ANALYSIS

PRICING ANALYSIS


INCOME

Base Rental Income

Gross Potential Income

Vacancy Allowance

Effective Gross Income

Operating Expenses

Net Operating Income

EXPENSE

Property Taxes

Insurance

DWP

Repairs & Maintenance

Pest Control

Landscaping

Direct Assessments

Reserves

Operating Expenses

ANNUAL ANNUALCURRENT

$92,364

$92,364

$2,771

$89,593

$30,557

$59,036

CURRENT

$14,279

$2,500

$8,400

$2,000

$768

$960

$850

$800

$30,557

PRO FORMA

$112,200

$112,200

$3,366

$108,834

$30,557

$78,277

PRO FORMA

$14,279

$2,500

$8,400

$2,000

$768

$960

$850

$800

$30,557

FINANCIAL ANALYSIS

INCOME AND EXPENSE

(3%)

(34%)

(3%)

(28%)


FINANCIAL ANALYSIS

RENT SCHEDULE

UNIT #

1

2

3

4

TOTAL

UNIT TYPE

2 Bed / 1 Bath

2 Bed / 1 Bath

5 Bed / 2 Bath

3 Bed / 2 Bath SFR

SQ. FOOTAGE

1,100 SF

1,100 SF

2,300 SF

1,064 SF

5,564 SF

RENT

$1,311

$1,210

$2,731

$2,445

$7,697

RENT PER SF

$1.19

$1.10

$1.19

$2.30

RENT

$1,800

$1,800

$3,200

$2,550

$9,350

RENT PER SF

$1.64

$1.64

$1.39

$2.40

PRO FORMA

* Sq. Footage of All Units are Estimated.

PRO FORMA


SECTION THREE

LOCATION OVERVIEW


Arts District

The Arts District in Los Angeles is an industrial area of former warehouses and factories in Downtown LA that has been home to artist studios since the 1,970’s. It has finally reached the critical mass to be designated as the official Downtown LA Arts District. The artist studios and lofts are still mostly under the radar, although there are a few open studios and galleries. It is the murals, street art, maker co-ops and an influx of trendy eating establishments that have made the Arts District a “thing.”

Downtown Los Angeles

Downtown Los Angeles (DTLA) is the central business district of Los Angeles, California, as well as a widely diverse residential neighborhood of some 58,000 people. Downtown, comprising diverse smaller areas such as Chinatown, Little Tokyo and the Arts District, offers renowned art museums, cutting-edge restaurants & hip bars. It is home of the Staples center where the Lakers, the Clippers and the Kings play every season. It is also the home of the Los Angeles Convention Center where special events take place quarterly.

Chinatown

Located in Downtown L.A. near the city’s civic and cultural center, Chinatown is one of L.A.’s most popular tourist destinations. Chinatown celebrated its grand opening in June 1,938 as “New Chinatown” - L.A.’s first Chinatown was razed to make way for Union Station. The first such neighborhood in the U.S. that was owned by Chinese residents, Chinatown is experiencing a modern-day renaissance. From the hottest new restaurants to art galleries and Bruce Lee’s former studio, Chinatown has a lot to offer and is continuing to grow.

LOCATION OVERVIEW

SUBMARKET


LOCATION OVERVIEW

AERIAL


LOCATION OVERVIEW

WALKABILITY

1. The ROW DTLA777 Alameda St, Los Angeles, CA 90021

3 MILES FROM SUBJECT PROPERTY

2. Arts District Brewing Company 828 Traction Ave, Los Angeles, CA 90013


3. Art Share L.A. 4th Pl, Los Angeles, CA 90013


4. Guerrilla Tacos 7th St, Los Angeles, CA 90021


5. Nightshade923 E. 3rd St #109, Los Angeles, CA 90013


6. Hauser & Wirth901-909 E. 3rd St, Los Angeles, CA 90013



01

04

02

05

03

06

THE ROW DTLA

This massive development will have a multitude of ammenties.

GUERILLA TACOS

Food-love flocks here for the famous hamachi tostadas.

ARTS DISTRICT BREWING COMPANY

This brewery has over 40 unique beers from all over the country.

NIGHTSHADE

Top Chef winner Mei Lin is the head chef and creates a unique menu.

ART SHARE L.A

Art share has emerged as a vibrant community hub in downtown LA.

HAUSER & WIRTH

This gallery hosts performances, film screenings & more.

LOCATION OVERVIEW

WALKABILITY


LOCATION OVERVIEW

DEMOGRAPHICS

POPULATION

2,025 Projection

2,020 Estimate

2,010 Census

Growth ‘20 - ‘25

Growth ‘10 - ‘20

HOUSEHOLDS

2,025 Projection

2,020 Estimate

2,010 Census

Growth ‘20 - ‘25

Growth ‘10 - ‘20

Average Income

Median Income

3-Mile

302,144

299,525

294,756

0%

1%

3-Mile

89,785

88,428

84,015

1%

5%

$59,061

$39,604

1-Mile

55,036

55,522

59,886

-0%

-7%

1-Mile

14,080

14,263

15,704

-1%

-9%

$45,698

$32,990

5-Mile

1,031,897

1,016,150

963,911

1%

5%

5-Mile

311,507

305,807

285,194

1%

7%

$62,130

$40,817

16 @jamescapitaladvisorswww.jamescapitaladvisors.com

JAMES CAPITAL ADVISORS, INC.

DISCLAIMER

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guar-antees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto. The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or com-parable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITYThis Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASEThis Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENTBroker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

@jamescapitaladvisorswww.jamescapitaladvisors.comJames Capital Advisors, Inc.

JAMES CAPITAL ADVISORS, INC.

THANK YOU FOR YOUR TIME

CONTACT

John katnikSenior Associate

(424) 325/[email protected] RE Lic. 02002695

elliot hassanSenior Director


mike hanassabSenior Director


property overview - loopnet · by accepting this marketing brochure, the recipient agrees to...

Documents