PROPERTY OVERVIEW - LoopNet...3724 Kelton provides easy accessibility to some of LA’s largest entertainment and arts hubs. Unit-Mix The subject property consists of (1) bachelor

MARKETING PACKAGE 3724 KELTON AVE, LOS ANGELES, CA 90034

02 3724 KELTON AVE, LOS ANGELES, CA 90034

TABLE OF CONTENTS

Property Overview

Financial Analysis

Location Overview

01

02

03

CONTACT INFORMATION

3724 KELTON AVE

MARKETING PACKAGE

John katnikSenior Associate(424) 325-2644

elliot hassAnSenior Director(424) 325-2643

mike hanassabSenior Director(424) 325/2642

JOSEPH LIEBERMANAssociate(323) 792-8489


SECTION ONE

PROPERTY OVERVIEW


On-Site

R3

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

4,060 SF

4,993 SF

4

1

2

3724 Kelton Ave

Los Angeles

CA

90034

4252-025-039

Master-Metered

Individually Metered

Individually Metered

Wood-frame Stucco

Flat1966

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


Location

3724 Kelton Ave is located in Palms, a highly developed sub-market within LA. Palms is adjacent to Culver City which has seen unprecedented job and rent growth within the last 5 years.

Accessibility

Located between Palms Blvd and Venice Blvd, 3724 Kelton provides easy accessibility to some of LA’s largest entertainment and arts hubs.

Unit-Mix

The subject property consists of (1) bachelor unit, (1) 2 bed / 2 bath unit, (1) 3 bed / 2 bath unit, and (1) 3 bed / 3 bath unit.

Financing

Currently, borrowing rates are at a 50-year low. This enables an investor to secure extremely attractive debt.

PROPERTY OVERVIEW

HIGHLIGHTS


SECTION TWO

FINANCIAL ANALYSIS


$1,700,000$76,860

$31,137

$45,723

$132,732

$31,137

$101,595

$1,700,000

$425,000

Price

Price per Unit

Price per Square Foot

CAP Rate

GRM

Gross Income

Expenses

NOI

CURRENT

2.69%

21.79

PRO FORMA

5.98%

12.54

$418.72

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

Additional Income

Gross Potential Income

Vacancy Allowance

Effective Gross Income

Operating Expenses

Net Operating Income

EXPENSE

Taxes

Insurance

Utilities

Repairs & Maintenance

Gardener

Pest Control

Operating Expenses

ANNUAL ANNUALCURRENT

$78,000

$1,200

$79,200

$2,340

$76,860

$31,137

$45,723

CURRENT

$19,963

$2,216

$5,443

$2,000

$825

$690

$31,137

PRO FORMA

$135,600

$1,200

$136,800

$4,068

$132,732

$31,137

$101,595

PRO FORMA

$19,963

$2,216

$5,443

$2,000

$825

$690

$31,137

FINANCIAL ANALYSIS

INCOME AND EXPENSE

(3%)

(41%)

(3%)

(23%)


FINANCIAL ANALYSIS

RENT SCHEDULE

UNIT #

01

02

03

04

TOTAL

UNIT TYPE

Bachelor

3 Bed / 3 Bath

2 Bed / 2 Bath

3 Bed / 2 Bath

SQ. FOOTAGE

490 SF

1,300 SF

990 SF

1,285 SF

4,065 SF

RENT

$1,024

$1,870

$1,406

$2,200

$6,500

RENT PER SF

$2.09

$1.44

$1.42

$1.71

RENT

$1,650

$3,500

$2,750

$3,400

$11,300

RENT PER SF

$3.37

$2.69

$2.78

$2.65

PRO FORMA

* Sq. ft of all units are estimated.

PRO FORMA


SECTION THREE

LOCATION OVERVIEW


Palms, CA

Palms is located on the Westside of Los Angeles, south of Beverly Hills, Rancho Park, and Beverlywood and just north of Culver City. Small in size it covers only a two-square mile area marked by signs on Venice, Robertson, and Palms boulevards. With 45,475 people in that small plot of land, it is currently one of the most densely populated areas in Los Angeles County.

A community with well-established roots in California history, Palms has become a good location for ambitious post grads and young families looking to make their home in Los Angeles. Palms provides a central hub for residents — closely located to the growing cultural center of Culver City, near freeways for commuters, and only five miles from the bustling UCLA campus. Palms was recently declared the best neighborhood in Los Angeles for Millennials and with good reason; while ethnically diverse, nearly half of the population falls within the 19-35 age range and a high proportion identifies as single or never married. The population is educated, with about 45% of residents in possession of at least a four year degree, while many residents have masters degrees or higher. Looking for a vibrant place to call home? Look no further than Palms. Residents love this LA community for its lively dining and entertainment scene, walkable neighborhoods, and relatively affordable housing options.

LOCATION OVERVIEW

PALMS


Culver City, CA

Culver City is a five-square-mile, urban community of 39,000 residents surrounded by the City of Los Angeles is and centrally located on the Westside near Santa Monica, Beverly Hills, and Los Angeles International Airport. Culver City is particularly known for its well-run public school system, “small town” charm, growing high-tech and creative economies, and a dynamic downtown that is regionally known as a destination for restaurants, live theatre, and art galleries.

Culver City, soaked in moviemaking history, features a buzzing dining and nightlife scene, which includes globally inspired eateries, gastropubs and cozy cocktail bars. Occupying the MGM lot, which dates back to 1924, Sony Pictures Studios offers behind-the-scenes tours of its legendary soundstages. Other cultural highlights include spare but sophisticated art galleries, playhouses and the storied Culver Hotel.

Outside of the studios, Culver City is mostly comprised of middle class homes that were originally built to house studio workers, with street names reflecting this heritage, such as (Mary) Pickford and (Douglas) Fairbanks. The downtown area has been undergoing a rejuvenation since the late 1990s with new restaurants, art galleries, theaters and shops that attract a large number of visitors from the local area. Culver City is a must visit if you want the full Los Angeles experience.

LOCATION OVERVIEW

CULVER CITY


LOCATION OVERVIEW

AERIAL


West Hollywood

West Hollywood is at the cultural and geographical heart of the Los Angeles region. Located less than 8 miles away from the subject property, it is only a short 15 minute drive. If you want to experience Southern California, booking a hotel in walkable West Hollywood will give you convenient access to everything and situate you in one of the hottest hubs of L.A. The City of West Hollywood is filled with rich history. People from all over the globe visit West Hollywood for its iconic destinations such as The Sunset Strip for its unparalleled historical connection to music, entertainment, architecture, fashion, and culture-making.

Downtown Los Angeles

Downtown Los Angeles (DTLA) is the central business district of Los Angeles, California.Located less than 12 miles away from the subject property, it is only a short 20 minute drive. DTLA is home to 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.

Inglewood

As a gateway to major commercial centers of the United States and internationally, Inglewood is in a unique position on the shore of the Pacific Rim. Located less than 7 miles away from the subject property, it is only a short 15 minute drive. Some of the more notable high traffic areas near Inglewood include the Forum, LAX and the soon to be completed SoFi Stadium. Inglewood is approximately 20 minutes southwest of Los Angeles, 20 minutes northeast of Redondo Beach and 15 minutes from the Pacific Ocean and is part of the Los Angeles metropolitan area.

LOCATION OVERVIEW

Accessibility


LOCATION OVERVIEW

WALKABILITY

1. Trader Joe’s3456 S. Sepulveda Blvd, Los Angeles, CA 90034

0.9 MILES FROM SUBJECT PROPERTY

2. Smart & Final 10113 Venice Blvd, Los Angeles, CA 90034

1.0 MILE FROM SUBJECT PROPERTY

3. Ralphs3827 Culver Center, Culver City, CA 90232


4. Culver Center3851 Overland Ave, Culver City, CA 90232


5. Culver City High School4401 Elenda St, Culver City, CA 90230


6. Palms Middle School10860 Woodbine St, Los Angeles, CA 90034



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04

02

05

03

06

TRADER JOE’S

This grocery store chain has more than 503+ stores in 42 states.

CULVER CENTER

This strip center has a variety of different national retailers.

SMART & FINAL

A chain of warehouse-style food and supply stores in california.

CULVER CITY HIGH SCHOOL

This highschool has more than 2,200 annually enrolled students.

RALPHS

Ralphs is the The largest subsidiary of Cincinnati-based Kroger.

PALMS MIDDLE SCHOOL

This middle school is among the best in the Los angeles unified district.

LOCATION OVERVIEW

WALKABILITY


LOCATION OVERVIEW

Point of Interest

1. UCLA410 Charles E. Young Drive West, Los Angeles, CA 90024


2. Venice BeachVenice Fishing Pier, Venice, CA 90292


3. The Grove189 The Grove Dr, Los Angeles, CA 90036


4. The Getty1200 Getty Center Dr, Los Angeles, CA 90049


5. SoFi Stadium1000 S. Prairie Ave, Inglewood, CA 90301


6. LAX1 World Way, Los Angeles, CA 90045



01

04

02

05

03

06

UCLA

This top rated university has 45,000+ annually enrolled students.

THE GETTY

This world famous museum has art from all across the world.

VENICE BEACH

This beach has a boardwalk, Street performers & colorful murals.

SOFI STADIUM

This multi-purpose will be able to seat up to 100,000 visitors.

THE GROVE

The grove is a multi-purpose retail and entertainment complex.

LAX

LAX is the primary international airport for los angeles.

LOCATION OVERVIEW

Point of Interest


LOCATION OVERVIEW

MAJOR EMPLOYErs

1. Google10800 W. Pico Blvd, Los Angeles, CA 90064


2. Amazon StudiosAmazon Studios, Culver City, CA 90232


3. Apple8777 Washington Blvd, Culver City, CA 90232


4. Sony Pictures Entertainment10202 Washington Blvd, Culver City, CA 90232


5. NFL Network10950 Washington Blvd, Culver City, CA 90232


6. Southern California Hospital 3828 Delmas Terrace, Culver City, CA 90232



LOCATION OVERVIEW

MAJOR EMPLOYERS

01

04

02

05

03

06

GOOGLE

This new development will create 585,000 sq. ft. for google offices.

SONY ENTERTAINMENT PICTURES

A behind-the-scenes look at the movie industry, with exhibits & more.

AMAZON STUDIOS

Amazon has leased 530,000 sq. ft. scheduled for completion in 2021.

NFL NETWORK

NFL Network is an American sports-oriented pay television network.

APPLE

Apple has staked a claim for 128,000 sq. ft. near the Expo Line Station.

SOUTHERN CALIFORNIA HOSPITAL

This care hospital in Culver City employes more than 1,167 people.


3-Mile

296,100

293,799

275,036

1-Mile

55,705

55,317

52,018

5-Mile

804,587

798,853

750,500

$96,960

$76,740

1-Mile

25,277

25,158

23,983

$120,263

$89,926

3-Mile

129,840

129,043

122,029

5-Mile

355,538

353,575

335,437

$117,021

$86,387

LOCATION OVERVIEW

DEMOGRAPHICS

POPULATION

2025 Projection

2020 Estimate

2010 Census

Growth ‘20 - ‘25

Growth ‘10 - ‘20

HOUSEHOLDS

2025 Projection

2020 Estimate

2010 Census

Growth ‘20 - ‘25

Growth ‘10 - ‘20

Average Income

Median Income

0.70%

6.34%

0.78%

6.82%

0.72%

6.44%

0.47%

4.90%

0.56%

5.41%

0.62%

5.75%

23 @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

mike hanassabSenior Director

(424) [email protected] RE Lic. 01484891



elliot hassanSenior Director



(424) 325/[email protected] RE Lic. 01484891

JOSEPH LIEBERMANAssociate

(323) 792-8489 [email protected] RE Lic. 2074974

Documents

PROPERTY OVERVIEW - LoopNet...3724 Kelton provides easy accessibility to some of LA’s largest entertainment and arts hubs. Unit-Mix The subject property consists of (1) bachelor