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WYNN TRUST APARTMENTS3153 Barbara Ct, Los Angeles, CA 90068
M U LM U LT I FT I FA M I LA M I LY P R O P E R T Y F O R SY P R O P E R T Y F O R S A L EA L E
Joe PJoe Penichenich | CalBRE #00499559 | 818.449.7042 | [email protected]
RE/MARE/MAX CX COMMERCIALOMMERCIAL | EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.6355 TOPANGA CANYON BLVD., WOODLAND HILLS, CA 91367 • 818.449.7042 (O) • INVESTMENT-PROPERTY.COM
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CC O N T E N TO N T E N T SS
CCONFIDENTIALITY & DISCLAIMERONFIDENTIALITY & DISCLAIMER
PROPERTY INFORMATION3
LOCATION INFORMATION11
FINANCIAL ANALYSIS15
DEMOGRAPHICS20
Al l mater ia ls and informat ion received or der ived from RE/MAX Commercia l i ts d i rectors , officers , agents , advisors , affil iates and/or any th i rd partysources are provided without representat ion or warranty as to completeness , verac i ty, or accuracy, condit ion of the property, compl iance or lack ofcompl iance with appl icable governmenta l requirements , developabi l i ty or su i tabi l i ty, financia l performance of the property, pro jected financia lperformance of the property for any party ’s intended use or any and a l l other matters .
Nei ther RE/MAX Commercia l i ts d i rectors , officers , agents , advisors , or affil iates makes any representat ion or warranty, express or impl ied , as toaccuracy or completeness of the any mater ia ls or informat ion provided, der ived, or rece ived. Mater ia ls and informat ion from any source, whetherwr i t ten or verbal , that may be furn ished for rev iew are not a subst i tute for a party ’s act ive conduct of i ts own due di l igence to determine these andother matters of s ign ificance to such party. RE/MAX Commercia l wi l l not invest igate or ver i fy any such matters or conduct due di l igence for a partyunless otherwise agreed in wr i t ing .
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DIL IGENCE.
Any party contemplat ing or under contract or in escrow for a transact ion is urged to ver i fy a l l in format ion and to conduct the i r own inspect ions andinvest igat ions inc luding through appropr iate th i rd party independent profess ionals se lected by such party. Al l financia l data should be ver ified bythe party inc luding by obta in ing and reading appl icable documents and reports and consul t ing appropr iate independent profess ionals . RE/MAXCommercia l makes no warrant ies and/or representat ions regarding the verac i ty, completeness , or re levance of any financia l data or assumpt ions . RE/MAX Commercia l does not serve as a financia l advisor to any party regarding any proposed transact ion . Al l data and assumpt ions regarding financia lperformance, inc luding that used for financia l model ing purposes , may differ from actual data or performance. Any est imates of market rents and/orprojected rents that may be provided to a party do not necessar i ly mean that rents can be establ ished at or increased to that leve l . Part ies mustevaluate any appl icable contractua l and governmenta l l imitat ions as wel l as market condit ions ,vacancy factors and other issues in order todetermine rents f rom or for the property.
Legal quest ions should be discussed by the party with an attorney. Tax quest ions should be discussed by the party with a cert ified publ icaccountant or tax attorney. Ti t le quest ions should be discussed by the party with a t i t le officer or attorney. Quest ions regarding the condit ion of theproperty and whether the property compl ies with appl icable governmenta l requirements should be discussed by the party with appropr iateengineers , arch i tects , contractors , other consul tants and governmenta l agencies . Al l propert ies and serv ices are marketed by RE/MAX Commercia l incompl iance with a l l appl icable fa i r hous ing and equal opportuni ty laws .
PROPERTY INFORMATIONSECTION 1
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Joe PJoe Penichenich | CalBRE #00499559 | 818.449.7042 | [email protected]
RE/MARE/MAX CX COMMERCIALOMMERCIAL | EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.6355 TOPANGA CANYON BLVD., WOODLAND HILLS, CA 91367 • 818.449.7042 (O) • INVESTMENT-PROPERTY.COM
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Exceptional asset in a highly desirable Hollywood Hills location between theSan Fernando Valley and Hollywood. Controlled access parking, with one cargarages. Controlled access entry . Hardwood floors, pool. Desirable mix of 5 2bedroom, 1 1/2 bath town homes , 12 1 bedroom, 1 bath and 1 2 bedroom, 2 1/2bath town home. Hardwood floors, meticulously maintained grounds.
Park like grounds. First time on the market in over 20 years.
PROPERTY OPROPERTY OVERVERVIEWVIEW
Close proximity to 101 Freeway, Universal City, Burbank, Hollywood and StudioCity. Centrally located to NBC, Universal , Warner Bros. Studios, CBS Studios/Radford and within walking distance to the Universal City Metro.
LLOCAOCATION OTION OVERVERVIEWVIEW
OFFERING SUMMAROFFERING SUMMARYY
Sale PricSale Price:e: $7,500,000
PricPrice / SF:e / SF: $414.48
Number Of Units:Number Of Units: 18
Cap RaCap Ratte:e: 3.22%
NOI:NOI: $241,217
LLot Sizot Size:e: 33,207 SF
YYear Built:ear Built: 1950
Building SizBuilding Size:e: 18,095 SF
ZZoning:oning: LARD 1.5
SubmarkSubmarket:et: Hollywood Hills
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
P R O P E R T Y I N F O R M AT I O N R E / M A X C O M M E R C I A L
Executive Summary
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18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
P R O P E R T Y I N F O R M AT I O N R E / M A X C O M M E R C I A L
Property Description
PROPERTY OPROPERTY OVERVERVIEWVIEW
Exceptional asset in a highly desirable Hollywood Hills location between the San Fernando Valley and Hollywood. Controlled access parking, with one car garages. Controlled access entry . Hardwood floors, pool. Desirable mix of 5 2 bedroom, 1 1/2 bath town homes , 12 1 bedroom, 1 bath and 1 2 bedroom, 2 1/2 bath town home. Hardwood floors, meticulously maintained grounds.
Park like grounds. First time on the market in over 20 years.
LLOCAOCATION OTION OVERVERVIEWVIEW
Close proximity to 101 Freeway, Universal City, Burbank, Hollywood and Studio City. Centrally located to NBC, Universal , Warner Bros. Studios, CBS Studios/Radford and within walking distance to the Universal City Metro.
ADD HEADER
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PROPERTYPROPERTY NAME:NAME: Wynn Trust Apartments
PROPERTY ADDRESPROPERTY ADDRESS:S: 3153 Barbara CtLos Angeles, CA 90068
APN:APN:
PRICE / SF:PRICE / SF: $414.48
LLOOT SIZE:T SIZE: 0.76 AC
BUILDING SIZE:BUILDING SIZE: 18,095 SF
BUILDING CLABUILDING CLASSS:S:
ZZONING:ONING: LARD 1.5
PPARKING SPARKING SPAACES:CES:
PPARKING RAARKING RATIO:TIO:
YEAR BUILYEAR BUILTT:: 1950
NUMBER OF SNUMBER OF STTORIES:ORIES:
FOUNDFOUNDAATION:TION:
WWALLS:ALLS:
NUMBER OF UNITNUMBER OF UNITS:S: 18
ROOF:ROOF:
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
P R O P E R T Y I N F O R M AT I O N R E / M A X C O M M E R C I A L
Property Details
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PROPERTY HIGHLIGHTPROPERTY HIGHLIGHTSS
• Controlled access entry
• Controlled access parking
• Enclosed garages
• Pool
• Meticulously maintained landscape
• Hardwood Floors in Units
• One car garages with remote openers.
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
P R O P E R T Y I N F O R M AT I O N R E / M A X C O M M E R C I A L
Complete Highlights
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18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
P R O P E R T Y I N F O R M AT I O N R E / M A X C O M M E R C I A L
Additional Photos
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18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
P R O P E R T Y I N F O R M AT I O N R E / M A X C O M M E R C I A L
Additional Photos
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18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
P R O P E R T Y I N F O R M AT I O N R E / M A X C O M M E R C I A L
Additional Photos
LOCATION INFORMATIONSECTION 2
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Joe PJoe Penichenich | CalBRE #00499559 | 818.449.7042 | [email protected]
RE/MARE/MAX CX COMMERCIALOMMERCIAL | EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.6355 TOPANGA CANYON BLVD., WOODLAND HILLS, CA 91367 • 818.449.7042 (O) • INVESTMENT-PROPERTY.COM
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3153 Barbara Ct
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
L O C AT I O N I N F O R M AT I O N R E / M A X C O M M E R C I A L
Regional Map
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18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
L O C AT I O N I N F O R M AT I O N R E / M A X C O M M E R C I A L
Location Maps
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18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
L O C AT I O N I N F O R M AT I O N R E / M A X C O M M E R C I A L
Aerial Map
FINANCIAL ANALYSISSECTION 3
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Joe PJoe Penichenich | CalBRE #00499559 | 818.449.7042 | [email protected]
RE/MARE/MAX CX COMMERCIALOMMERCIAL | EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.6355 TOPANGA CANYON BLVD., WOODLAND HILLS, CA 91367 • 818.449.7042 (O) • INVESTMENT-PROPERTY.COM
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INVESINVESTMENT OTMENT OVERVERVIEWVIEW WWYNN TRUSYNN TRUST APT APARTMENTARTMENTSS
Price $7,500,000
Price per Unit $416,666
GRM 18.0
CAP Rate 3.2%
Cash-on-Cash Return (yr 1) 1.27 %
Total Return (yr 1) $111,700
Debt Coverage Ratio 1.35
OPERAOPERATING DTING DAATTAA WWYNN TRUSYNN TRUST APT APARTMENTARTMENTSS
Gross Scheduled Income $416,988
Other Income $6,000
Total Scheduled Income $422,988
Vacancy Cost $8,068
Gross Income $414,920
Operating Expenses $173,703
Net Operating Income $241,217
Pre-Tax Cash Flow $62,005
FINANCING DFINANCING DAATTAA WWYNN TRUSYNN TRUST APT APARTMENTARTMENTSS
Down Payment $4,900,000
Loan Amount $3,000,000
Debt Service $179,212
Debt Service Monthly $14,934
Principal Reduction (yr 1) $49,695
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
F I N A N C I A L A N A LY S I S R E / M A X C O M M E R C I A L
Financial Summary
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INCINCOME SUMMAROME SUMMARYY WWYNN TRUSYNN TRUST APT APARTMENTARTMENTSS PER UNITPER UNIT
GROSS INCOME $414,920 $23,051
EXPENSE SUMMAREXPENSE SUMMARYY WWYNN TRUSYNN TRUST APT APARTMENTARTMENTSS PER UNITPER UNIT
Landscaping $18,000 $1,000
Trash $3,072 $170
Pool $1,800 $100
Management $17,208 $956
Maintenance $15,000 $833
Insurance $9,000 $500
Utilities $16,623 $923
Property taxes $93,000 $5,166
GROSS EXPENSES $173,703 $9,650
NET OPERATING INCOME $241,217 $13,400
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
F I N A N C I A L A N A LY S I S R E / M A X C O M M E R C I A L
Income & Expenses
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UNITUNITNUMBERNUMBER
UNITUNITBEDBED
UNITUNITBABATHTH
UNITUNITSIZE (SF)SIZE (SF)
LEALEASESESSTTARTART
LEALEASESEENDEND
CURRENTCURRENTRENTRENT
CURRENTCURRENTRENT (PER SF)RENT (PER SF)
MARKETMARKETRENTRENT
MARKETMARKETRENTRENT/SF/SF
SECURITYSECURITYDEPODEPOSITSIT
3200 DP 2 2.5 2,000 VACANT $3,800 $1.90 $3,800 $1.90
3202 DP 2 1.5 1,400 $1,885 $1.35 $2,595 $1.85
3204 DP 2 1.5 1,400 $2,380 $1.70 $2,595 $1.85
3206 DP 2 1.5 1,400 $2,542 $1.82 $2,595 $1.85
3208 DP 2 1.5 1,400 $2,471 $1.77 $2,595 $1.85
3210 DP 2 1.5 1,400 $2,800 $2.00 $2,595 $1.85
3153 BC A 1 1 750 $1,529 $2.04 $1,750 $2.33
3153 BC B 1 1 750 $1,565 $2.09 $1,750 $2.33
3153 BC C 1 1 750 $1,367 $1.82 $1,750 $2.33
3153 BC D 1 1 750 $1,423 $1.90 $1,750 $2.33
3159 BC A 1 1 750 $1,581 $2.11 $1,750 $2.33
3159 BC B 1 1 750 $1,573 $2.10 $1,750 $2.33
3159 BC C 1 1 750 $1,344 $1.79 $1,750 $2.33
3159 BC D 1 1 750 MGR $1,795 $2.39 $1,750 $2.33
3163 BC A 1 1 750 VACANT $1,795 $2.39 $1,750 $2.33
3163 BC B 1 1 750 $1,689 $2.25 $1,750 $2.33
3163 BC C 1 1 750 $1,273 $1.70 $1,750 $2.33
3163 BC D 1 1 750 $1,437 $1.92 $1,750 $2.33
Laundry Income $500
TTotals/Aotals/Avvereragesages 18,18,000000 $34,$34,774499 $1.9$1.933 $3$377,,777755 $2.$2.1717 $0$0
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
F I N A N C I A L A N A LY S I S R E / M A X C O M M E R C I A L
Rent Roll
All 2 bedroom units are townhomes with a washer and dryer in each unitThese rents are effective July 1, 2018The above laundry income is projected The laundry machines are owned by the Seller. They are currently collecting .25 per wash and dry. In the event Buyer elects to continue owning the laundry equipment, a substantial increase is in order.
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UNIT TYPEUNIT TYPE CCOUNTOUNT%%
TTOOTTALALSIZESIZE(SF)(SF) RENTRENT RENTRENT/SF/SF MIN RENTMIN RENT MAMAX RENTX RENT
MARKETMARKETRENTRENT
MARKETMARKETRENTRENT/SF/SF DEPODEPOSITSIT
2 + 1.5 TWN 5 27.8 1,479 $2,345 $1.59 $2,495 $1.69
1 + 1 12 66.7 725 $1,487 $2.05 $1,750 $2.41
2 + 2.5 TWN 1 5.6 2,000 $3,800 $1.90 $3,800 $1.90
TTotals / Aotals / Avvereragesages 1818 100%100% 18,18,090955 $33,36$33,3699 $1.84$1.84 $0$0..0000 $0$0..0000 $3$377,2,27755 $2.$2.0606 $0$0
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
F I N A N C I A L A N A LY S I S R E / M A X C O M M E R C I A L
Unit Mix Summary
DEMOGRAPHICSSECTION 4
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Joe PJoe Penichenich | CalBRE #00499559 | 818.449.7042 | [email protected]
RE/MARE/MAX CX COMMERCIALOMMERCIAL | EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.6355 TOPANGA CANYON BLVD., WOODLAND HILLS, CA 91367 • 818.449.7042 (O) • INVESTMENT-PROPERTY.COM
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* Demographic data derived from 2010 US Census
1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
TTotal householdsotal households 4,043 103,157 307,291
TTotal persons per hhotal persons per hh 1.8 1.9 2.2
AAvvererage hh incage hh incomeome $135,176 $87,032 $85,767
AAvvererage house vage house valuealue $955,545 $869,279 $806,555
1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
TTotal populaotal populationtion 7,435 193,443 663,107
Median ageMedian age 41.0 37.6 37.2
Median age (maleMedian age (male)) 40.3 37.4 36.7
Median age (fMedian age (femaleemale)) 41.7 38.1 37.9
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
D E M O G R A P H I C S R E / M A X C O M M E R C I A L
Demographics Report
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* Demographic data derived from 2010 US Census
POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILESTOTAL POPULATION 7,435 193,443 663,107
MEDIAN AGE 41.0 37.6 37.2
MEDIAN AGE (MALE) 40.3 37.4 36.7
MEDIAN AGE (FEMALE) 41.7 38.1 37.9
HOUSEHOLDHOUSEHOLDS & INCS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILESTOTAL HOUSEHOLDS 4,043 103,157 307,291
# OF PERSONS PER HH 1.8 1.9 2.2
AVERAGE HH INCOME $135,176 $87,032 $85,767
AVERAGE HOUSE VALUE $955,545 $869,279 $806,555
18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
D E M O G R A P H I C S R E / M A X C O M M E R C I A L
Demographics Map
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18 UNITS | 3153 BARBARA CT | LOS ANGELES, CA
D E M O G R A P H I C S R E / M A X C O M M E R C I A L
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