investment offering memorandum 10507 haskell ave, … · chase of the property described herein at...

Commercial Real Estate

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INVESTMENT OFFERING MEMORANDUM

10507 HASKELL AVE, GRANADA HILLS, CA 91344

PRESENTED BY: NICK ANANYAN

818-786-5511


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DISCLAIMER

TABLE OF CONTENTS

3

EXECUTIVE SUMMARY

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INVESTMENT HIGHLIGHTS

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PROPERTY MAP

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AERIAL MAP

7

ASSESSOR MAP

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FINANCIAL SUMMARY

9

RENT ROLL 10

ADDITIONAL PICTURES

11

ABOUT TITUS REALTY

17

BIOGRAPHY

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Disclaimer

This Offering Memorandum has been prepared by Titus Realty, INC regarding the pur-chase of the property described herein at 10507 Haskell Ave, Granada Hills, CA 91344-7139, Los Angeles County (the “Property”). The materials and information contained in this Offering Memorandum do not purport to be all- inclusive or to contain all of the information which pros-pective investors may need or desire. All materials have been developed by Titus Realty, INC and other sources and are subject to variation and withdrawal . No representation is made by Titus Realty, INC as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relief on as a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Titus Realty, INC and its respective principals and em-ployees disclaim any responsibility for inaccuracies and expect prospective purchasers to exer-cise independent due diligence in verifying all such information. Further, Titus Realty, INC and its respective principals and employees disclaim any and all lia-bility for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property since the date of the prepara-tion of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. Additional in-formation and an opportunity to inspect the Property will be made available upon request to in-terested and qualified investors.


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Property Address:

EXECUTIVE SUMMARY


Property Description: This 2-unit property consists of one 5Br - 2+1/2 Bath,

one large 3Br - 3 Bath.

Purchase Price: $1,099,000.00

Total Living Square Footage: 3800 Sq. Ft. – Multiple Buildings

Total Lot Square Footage: 9,133 Sq. Ft.

APN: 2668-012-003 Zoning: LARS Year Built: 1956 Scheduled Gross Income: Market

$90,000.00

Net Operating Income:

$77,739.25


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INVESTMENT HIGHLIGHTS

The property consists of one large 5 Br + 2+1/2 Bath Unit, and one 3Br + 3 Bath Unit for a total of 2 units. Units have been renovated including new roof, bathrooms, kitchen upgrades, copper plumbing. This area is a highly desirable neighborhood, where rental rates are averaging for $4500 for 5 Br unit and $3000 for 3 Br unit.


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PROPERTY MAP


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AERIAL MAP


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ASSESSOR MAP


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Property Address:

FINANCIAL SUMMARY


Property Type: Multi-Unit

Number of Units 2 Building Sq. Ft 3800 Price $1,099,000.00 Price per Sq. Ft. $289.21 Price per Unit $549,500.00

Market

Annual Scheduled Gross Income $90,000.00 Expenses

Gas $0.00 $0.00 Gardening $0.00 $0.00 Water $0.00 $0.00 Insurance -$83.00 -$996.00 Trush $0.00 $0.00 Property Tax -$938.73 -$11,264.75

Total Expenses -$1,021.73 -$12,260.75

Net Operating Income $77,739.25 CAP

7.07%

GRM

12.21 Down Payment $549,500

Closing Costs $16,485.00 Loan Amount $549,500 Interest rate 4.25% Payment $2,703.21 $32,438.52

Net Income after the loan payment $45,300.73 Return on Investment 8.00%


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Rent Roll


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ADDITIONAL PICTURES


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ABOUT TITUS REALTY, INC.

Titus Realty, Inc. is a commercial and residential real estate company serv-ing Los Angeles Area since 2000. The firm has paved its way in the local market by building strong, successful relationships through local investors, business developers, and leading businesses. Titus Realty has brokered over $500 million in commercial and residential real estate transaction since 2000. Respected throughout the industry for our experience and knowledge of the niche residential, residential income and commercial markets, Titus Realty Inc. is dedicated to meeting and exceeding all of your real estate needs. Having brokerage, investment, management, development, consulting, and facilities’ maintenance services within the same company allows our clients to experience a true full-service real estate company embracing all of our clients’ needs. Most of the company’s multi-year experienced agents were raised in Los Angeles and have long, deeply rooted relationships in the community – an asset our clients find as highly beneficial.


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BIOGRAPHY

Nick Ananyan Broker

818-786-5511 [email protected]

Nick Ananyan has a plethora of knowledge and experience in real estate. Throughout his career spanning over 15 years he closed in excess of $200 million worth of residential and commercial real estate transactions ranging. His combined knowledge of real estate, finance, and accounting allows him to deliver the best of many worlds to his clients addressing all financial and real estate concerns. He regularly conducts meetings and seminars, teach-ings sales and marketing skills to incoming real estate professionals early in their carriers. His clients range from multi-unit developers, business de-velopers, hedge fund managers and individual investors who have been loyal for many years. His key to success is a combination of a great team he has develop over years, a team of realtors, escrow and title officers, lenders, as well as many professionals working hand in hand with Titus Realty, a company known for integrity, professionalism, loyalty and efficiency in handing any transac-tions.

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investment offering memorandum 10507 haskell ave, … · chase of the property described herein at...

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