Each office independently owned and operated

9427 S Broadway - Multi-Family Investment Offering9427 S Broadway | Los Angeles, CA 90003

STEPHEN LAMPEExecutive Vice President(310) 802-2501slampe@remaxcir.comBRE #01164364

OLGA WRIGHTInvestment Associate(310) 802-2550owright@remaxcir.comBRE #01315042

Newer 1990's Construction - No Rent Control➢

Excellent Unit Mix of 3 & 4 Bedroom Units➢

Pitched Roof, Easy to Maintain Two Story Walk up➢

Gated Property With Onsite Parking➢

Property is Entitled with Approval to Build 35 Units➢

RE/MAX COMMERCIAL & INVESTMENT REALTY23001 Hawthorne Blvd, Suite 205Torrance, CA 90505(310) 802-2500www.remaxcir.com

INVESTMENT DETAILS9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date May 2018

PROPERTY

Property 9427 S Broadway - Multi-Family

Property Address 9427 S BroadwayLos Angeles, CA 90003

Year Built 1990

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type MultiFamily

Purchase Price $2,395,000

Units 9

Total Rentable Sq. Ft. 6,800

LOANS

Type Debt Term Amortization Rate Payment LO Costs

All Cash

INCOME & EXPENSES

Gross Operating Income $147,000

Monthly GOI $12,250

Total Annual Expenses ($46,172)

Monthly Expenses ($3,848)

Contact Information

Stephen Lampe

(310) 802-2501

slampe@remaxcir.com

BRE #01164364

Olga Wright

(310) 802-2550

owright@remaxcir.com

BRE #01315042

EXECUTIVE SUMMARY9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Acquisition Costs

Purchase Price, Points and Closing Costs $2,395,000

Investment - Cash $2,395,000

Investment Information

Purchase Price $2,395,000

Price per Unit $266,111

Price per Sq. Ft. $352.21

Income per Unit $16,667

Expenses per Unit ($5,130)

Income, Expenses & Cash Flow

Gross Scheduled Income $150,000

Total Vacancy and Credits ($3,000)

Operating Expenses ($46,172)

Net Operating Income $100,828

Debt Service $0

Cash Flow Before Taxes $100,828

Financial Indicators

Cash on Cash Return Before Taxes 4.21%

Debt Coverage Ratio N/A

Capitalization Rate 4.21%

Gross Rent Multiplier 15.97

Gross Income / Square Feet $22.06

Gross Expenses / Square Feet ($6.79)

Operating Expense Ratio 31.41%

FINANCIAL SUMMARY9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

UNIT MIX & MONTHLY SCHEDULED

Type Units Actual Total Market Total Three Bed One Bath 8 $1,389 $11,112 $1,700 $13,600Four Bed Two Bath 1 $1,388 $1,388 $1,850 $1,850TOTALS 9 $12,500 $15,450

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $150,000 $185,400Less: Vacancy ($3,000) ($5,562)Effective Gross Income $147,000 $179,838Less: Expenses ($46,172) ($46,172)Net Operating Income $100,828 $133,666

ANNUALIZED EXPENSES Description Actual Market

Property Tax (New 1.193%) $28,572 $28,572Property Insurance - est. $2,800 $2,800DWP $4,200 $4,200Trash $2,400 $2,400Maintenance & Repairs - est. $4,500 $4,500Reserves $2,500 $2,500Administrative & Legal $1,200 $1,200Total Expenses $46,172 $46,172Expenses Per RSF $6.79 $6.79Expenses Per Unit $5,130 $5,130

INVESTMENT SUMMARY

Price: $2,395,000

Year Built: 1990

Units: 9

Price/Unit: $266,111

RSF: 6,800

Price/RSF: $352.21

Lot Size: 13,742 sf

Floors: 2

APN: 6053-004-012

Cap Rate: 4.21%

Market Cap Rate: 5.58%

GRM: 15.97

Market GRM: 12.92

AERIAL MAP9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

LOCATION MAP9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

REGIONAL MAP9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

DEMOGRAPHICS9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Population 1 Mile 3 Mile 5 Mile

Male 27,671 (48.15 %) 206,457 (47.96 %) 584,498 (49.05 %)

Female 29,801 (51.85 %) 223,985 (52.04 %) 607,231 (50.95 %)

Total Population 57,472 430,442 1,191,729

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 4,586 (7.98 %) 33,056 (7.68 %) 88,173 (7.40 %)

Ages 5-9 5,424 (9.44 %) 39,070 (9.08 %) 103,415 (8.68 %)

Ages 10-14 5,036 (8.76 %) 36,320 (8.44 %) 95,177 (8.68 %)

Ages 15-19 4,993 (8.69 %) 36,166 (8.40 %) 93,508 (7.85 %)

Ages 20-24 5,123 (8.91 %) 37,358 (8.68 %) 98,134 (8.23 %)

Ages 25-29 4,913 (8.55 %) 36,290 (8.43 %) 98,070 (8.23 %)

Ages 30-34 4,574 (7.96 %) 33,680 (7.82 %) 93,893 (7.88 %)

Ages 35-39 4,228 (7.36 %) 31,029 (7.21 %) 89,494 (7.51 %)

Ages 40-44 3,912 (6.81 %) 28,928 (6.72 %) 84,959 (7.13 %)

Ages 45-49 3,613 (6.29 %) 27,116 (6.30 %) 80,022 (6.71 %)

Ages 50-54 3,095 (5.39 %) 23,880 (5.55 %) 69,774 (5.85 %)

Ages 55-59 2,505 (4.36 %) 19,915 (4.63 %) 58,096 (4.87 %)

Ages 60-64 1,894 (3.30 %) 15,514 (3.60 %) 45,555 (3.82 %)

Ages 65-69 1,357 (2.36 %) 11,391 (2.65 %) 33,413 (2.80 %)

Ages 70-74 921 (1.60 %) 7,933 (1.84 %) 23,136 (1.94 %)

Ages 75-79 526 (0.92 %) 5,090 (1.18 %) 14,794 (1.24 %)

Ages 80-84 279 (0.49 %) 2,950 (0.69 %) 8,579 (0.72 %)

Ages 85+ 493 (0.86 %) 4,756 (1.10 %) 13,537 (1.14 %)

DEMOGRAPHICS9427 S Broadway | Los Angeles, CA 90003

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Household Income 1 Mile 3 Mile 5 Mile

Median Income $32,263 $36,443 $38,355

Less than $10,000 1,862 13,587 31,983

$10,000 -$14,999 1,446 11,664 29,629

$15,000 - $19,999 1,359 9,185 25,243

$20,000 -$24,999 1,137 7,970 23,239

$25,000 - $29,999 1,110 7,928 21,316

$30,000 - $34,999 979 7,331 20,754

$35,000 - $39,999 882 6,006 18,562

$40,000 - $44,999 912 6,510 18,383

$45,000 - $49,999 670 4,689 14,658

$50,000 - $59,999 914 8,601 26,034

$60,000 - $74,999 1,583 9,930 30,168

$75,000 - $99,999 981 9,188 27,970

$100,000 - $124,999 381 4,937 14,516

$125,000 - $149,999 169 2,601 7,568

$150,000 - $199,999 82 1,313 4,287

Greater than $200,000 29 726 2,494

Housing 1 Mile 3 Mile 5 Mile

Housing Units 15,101 117,630 329,188

Occupied Units 13,851 109,035 309,366

Owner Occupied Units 4,853 44,065 115,727

Renter Occupied Units 8,998 64,970 193,639

Vacant Units 1,250 8,595 19,822

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 14,120 97,988 329,021

Population Black 16,888 132,590 286,334

Population Am In/Ak Nat 86 927 3,287