11921 goshen ave los angeles ca 90049 - constant...

8 UNITS NORTH OF WILSHIRE IN PRIME BRENTWOOD

11921 GOSHEN AVE LOS ANGELESCA 90049

OFFERING MEMORANDUMKenny Stevens BRE# 01090251

310.968.7005 cell

[email protected]

PRESENTEDBY

Kenny Stevens

BRE# 01090251

310.968.7005 cell

[email protected]

LOCATION OVERVIEWMarket Overview

PROPERTY SUMMARYProperty Highlights

Property Details

Aerial Photo

Parcel Orientation

Photography

FINANCIALSFinancial Overview

Rent Roll

COMPARABLESSales Comps

Rent Comps

MARKETING PACKAGEOVERVIEW

11921 GOSHEN AVELOS ANGELES, CA 90049

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

11921 GOSHEN AVELOS ANGELESCA 90049

LOCATIONLOCATION OVERVIEW

BRENTWOOD, CALIFORNIA

11921 Goshen Ave, is located on the Westside between Westwood and Santa Monicain Brentwood, one of L.A.'s most affluent neighborhoods. Though it sits alongside thehustle and bustle of Santa Monica, Brentwood maintains a neighborhood vibe. Quaintshops are its calling card and long-time residents greet one another on the area'smany running paths and trails, lending a sense of stability and familiarity. Tree-linedstreets with well-tended homes in a range of architectural styles stretch up into the hills.The main artery, San Vicente Boulevard, features classy Italian eateries and warmcafes, plus the historic Brentwood Country Mart, a family-friendly retail hub. The GettyCenter museum, a cultural, architectural and botanical wonder designed by famedarchitect Richard Meier is a 24-acre hilltop campus that boasts a world-class artcollection and expansive city views. The Brentwood Farmers Market, one of the best inLA, draws people from all over the city. For the active types, Brentwood has it all, you

are minutes away from The Brentwood Country Club, The Riviera Country Club, WillRogers Park, and Mandeville Canyon Road which is LA's premier destination for bikers.

The property is situated just north of Wilshire Blvd and south of San Vicente Blvd in theheart of Brentwood. The best shopping, restaurants, and entertainment thatBrentwood has to offer is all within walking distance of this property.




11921 Goshen Ave




Riviera Country Club

Brentwood Country MartCalypso St. Barth

Christian Louboutin

Edelweiss Chocolates

Intermix

James Perse

Jenni Kayne

Sweet Rose Ice Cream

Farmshop

Caffe Luxxe

A Votre Santé

Brentwood

Country Club

MacArthur Field

11921 Goshen Ave

San Vicente BlvdSugarfish

Coral Tree Café

Takao

Tavern Restaurant

Taiko Restaurant

Katsuya Brentwood

Toscana

Orangetheory Fitness

Soul Cycle

Drybar

SusieCakes

Zumani Nail & Hair Spa

Rag & Bone

Susan Foster Jewelry

Sweetgreen

Beautique

Ibeautique

La Scala

Vincenti Ristorante


Amici

Brentwood

Montana AveBrentwood Art Center

The Farms

Bellacures

Forma

Williams-Sonoma

Margo’s

Bardonna

Spazio Caffe

Kye’s

Kiehl's

Holy Cow

BBQ

Brentwood VillageMadison Brentwood Village

Peppone Restaurant

Belwood Bakery

Permanent Vacation

YogaFit Studios

Cafe Brentwood

Brentwood Restaurant & Lounge

ZIBA Jewelry

Kreation Organic Juicery

Lemonade Restaurant

the yogurt shoppe

Wilshire BlvdCabo Cantina

Q's Billiard Club & Restaurant

CorePower Yoga

Bandera

The Palace Seafood & Dim Sum

YogaWorks Brentwood

Ralphs

CVS

Sushi Sasabune

Literati Café

Bar Food

Coco Ichibanya

Amandine Patisserie Cafe

Whole Foods

Market

Veterans

Barrington Park

PROPERTY SUMMARY



PROPERTY SUMMARYPROPERTY HIGHLIGHTS

8 UNITS IN PRIME BRENTWOOD• Excellent Brentwood location, north of Wilshire Blvd

• Bright and tranquil community sun deck and garden

• Walk to shops, restaurants, and markets

• Bright spacious units with natural light, large living rooms, walk-in closets

• Some units have balconies or patios

• Units 1 and 4 have central air and heat

• 9 parking spaces

• On-site laundry

• Easy access to 405 and 10 Freeways and public transportation


PROPERTY SUMMARYPROPERTY DETAILS

PROPERTY DESCRIPTION11921 Goshen Ave, a charming Mid-century complex located north of Wilshire in Brentwood. Situated on a7,874 Sq. Ft. lot, the property has 8 units and 9 parking spaces. The unit mix is comprised of (2) 3+2’s, (2) 2+2’s,(2) 1+1's and (2) singles. Some units have balconies or patios as well as central air and heat. A bright tranquilsundeck is a relaxing oasis that tenants love. The best shopping, restaurants, and entertainment thatBrentwood has to offer is all within walking distance of this property.

Units 8Major Intersection Between Bundy Dr and S Westgate AveMarket Los Angeles / BrentwoodAPN 4265-012-045Zoning Type LAR3Building SF 6,700Lot Size SF 7,874

PROPERTY DETAILS


PROPERTY SUMMARYPROPERTY AERIAL

Kiowa Ave

Goshen Ave


PROPERTY SUMMARYPARCEL ORIENTATION


PROPERTY SUMMARYPROPERTY PHOTOS


FINANCIALS



FINANCIALSINVESTMENT - $3,980,000


FINANCIALSRENT ROLL



COMPARABLES


COMPARABLESSALES COMPS

Sales Comps

925 S Barrington Ave


11948 Darlington Ave

11747 Mayfield Ave



11921 Goshen Ave

COMPARABLESSALES COMPS

1

11921 Goshen Ave, Los Angeles, CA 90049

925 S Barrington Ave Los Angeles, CA 90049

LISTED FOR $3,980,000

# OF UNITS 8

LOT SF 7,874

BUILDING SF 6,700

PRICE/SF $594

PRICE/UNIT $497,500

YEAR BUILT 1962

UNITS UNIT TYPE

3 3 Bed/ 2 Bath

2 2 Bed/ 2 Bath

6 2 Bed/ 1 Bath

UNITS UNIT TYPE

2 3 Bed/ 2 Bath

3 2 Bed/ 1 Bath

1 1 Bed/ 1 Bath

UNITS UNIT TYPE

2 3 Bed/ 2 Bath

2 2 Bed/ 2 Bath

2 1 Bed/ 1 Bath

2 Single


UNITS UNIT TYPE

2 2 Bed/ 1 Bath

6 1 Bed/ 1 Bath

UNITS UNIT TYPE

3 2 Bed/2 Bath

4 Studio

SALE PRICE $3,350,000

COE 4/19/2016

# OF UNITS 6

LOT SF 7,979

BUILDING SF 6,743

PRICE/SF $419.85

PRICE/UNIT $558,333

YEAR BUILT 1967

11747 Mayfield Ave Los Angeles, CA 90049

UNITS UNIT TYPE

1 3 Bed/ 2 Bath

5 2 Bed/ 1 Bath

2 1 Bed/ 1 Bath

11942 Darlington Ave Los Angeles, CA 90049

Comments: Inferior location to subject. Better unit mix. Similar age and size. Sold 1.5 years ago. Very large units.


Comments: Inferior location to subject. Inferior unit mix. Similar age, # of units, & size. Sold 1 year ago.

Comments: Similar location, age, # of units. Inferior unit mix. Sold in July.

Comments: Similar location, # of units, size. No curb appeal. Sold 1.5 years ago by a Residential Agent.

Comments: Similar location, unit mix, & age. Huge units. Comments: Subject Property



COE 7/21/2017

# OF UNITS 7

LOT SF 7,349

BUILDING SF 6,477

PRICE/SF $455

PRICE/UNIT $421,429

YEAR BUILT 1965


COE 3/9/2016

# OF UNITS 8

LOT SF 7,501

BUILDING SF 7,120

PRICE/SF $438

PRICE/UNIT $390,000

YEAR BUILT 1955


COE 9/2/2016

# OF UNITS 8

LOT SF 5,001

BUILDING SF 6,739

PRICE/SF $445

PRICE/UNIT $375,000

YEAR BUILT 1961


COE 3/9/2016

# OF UNITS 9

LOT SF 10939

BUILDING SF 8,833

PRICE/SF $418

PRICE/UNIT $410,556

YEAR BUILT 1958

COMPARABLESRENT COMPS

RentComps

11728 Dorothy St

1317 S Westgate Ave

11733 Goshen Ave

12039 Goshen Ave




11921 Goshen Ave


6

6

7

7

COMPARABLESRENT COMPS

UNIT TYPE 3 + 2

RENT $2,881-$3,405

UNIT TYPE 2 + 2

RENT $2,594-$3,200

UNIT TYPE 1 + 1

RENT $1,853-$1,948

UNIT TYPE Single

RENT $1,340-$1,517

4

11728 Dorothy St Los Angeles, CA 90049


12039 Goshen Ave Los Angeles, CA 90049

RENT $4,495

UNIT SIZE 1,200 SQ.FT.

UNIT TYPE 3 + 2

1317 S Westgate Ave Los Angeles, CA 90025


RENT $3,995

UNIT SIZE N/A

UNIT TYPE 3 + 3

RENT $2,200

UNIT SIZE 900 SQ.FT.

UNIT TYPE 1 + 1

RENT $3,345

UNIT SIZE N/A

UNIT TYPE 2 + 1.5

RENT $1,745

UNIT SIZE N/A

UNIT TYPE Bachelor

Comments: Unit has hardwood floors throughout living and dining room with tile in kitchen. Granite countertops and stainless steel appliances.

Comments: Remodeled upper corner unit with shared laundry and carport parking.

Comments: Centrally located in downtown Brentwood, close to shopping, restaurants and to the 405. AC, BBQ courtyard area, gated subterranean parking

Comments: 3 Story contemporary elevator building w/ roof deck. Brand new remodel w/ hardwood floors, balcony, washer & dryer.

Comments: Features a private balcony and laminate flooring throughout. Includes one parking spot.

Comments: Subject Property




RENT $3,400


UNIT TYPE 2 + 2

Comments: Front spacious unit w/ hardwood floors and big balcony.

6

Comments: Remodeled Bachelor, granite counter tops, SS appliances, laminate vinyl flooring. Owner pays for trash & water. Tenant pays gas & electricity.


RENT $2,295


UNIT TYPE 1 + 1

7

Kenny Stevens

BRE# 01090251

D: 310-968-7005

[email protected]

www.CONCORD-RE.com | [email protected] | 310.551.0660

449 South Beverly Drive, First Floor, Beverly Hills, CA 90212OFFERING MEMORANDUM

11921 goshen ave los angeles ca 90049 - constant...

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