EXCLUSIVELY LISTED – DUDLEY OAKS
20 UNITS IN USC’S UNIVERSITY PARK AREA
2 1 1 7 - 2 1 1 9 S . O A K S T R E E T, L O S A N G E L E S , C A
Dana Brody
Executive Managing Director
Phone 310.272.7387
Email danab@cag-re.com
Commercial Asset Group
1801 Century Park East, Suite 1420
Phone 310.275.8222
www.cag-re.com
90007
EXCLUSIVELY LISTED – 20 UNITS IN USC’S UNIVERSITY PARK
2 1 1 7 - 2 1 1 9 S . O A K S T R E E T, L O S A N G E L E S , C A 9 0 0 0 7
Highlights
Summary of Sale
• 20 Units – Contracted with HUD Till February 2018
Sale Price:
Number of Units:
Current GRM:
Market GRM: Current CAP:
Market CAP: Approx Lot Size:
• 75% Two Bedroom Units
• Situated on a 19,415 SF Lot Zoned RD 1.5
• Extremely Low Vacancy – Waiting List for Units
• Ample On-Site Parking
• Mix of One and Two Bed Units
$4,250,000
20
13.66
8.70
4.10%
7.92%
19,415 SF
FINANCIAL SUMMARY
2 1 1 7 - 2 1 1 9 S . O A K S T R E E T, L O S A N G E L E S , C A 9 0 0 0 7
INVESTMENT SUMMARY
2117-2119 S. Oak Street, Los Angeles, CA 90007
Summary of Sale
Sale Price:
Down Payment:
Number of Units:
Cost per Legal Unit:
Current GRM:
Market GRM:
Current CAP:
Market CAP:
Approx. Age:
Approx. Lot Size:
Approx. Gross SF:
Cost per Net GSF:
100%
$
$
20 Units Near USC
Priced Below Replacement Cost
Stable Rents
Ample Parking
HUD Contract Through 2018
Mix of One and Two Bed Units
Well Maintained Property
Low Cost Per Unit
Close to Staples Center
Low Turnover
Minutes to USC
Excellent Freeway Access
4,250,000
4,250,000
20
$212,500
13.66
8.70
4.10%
7.92%
1971
19,415
18,566
$228.91
Annualized Operating Data
Current Rents
311,088
(9,333)
301,755
(127,544)
174,211
Scheduled Gross Income:
Less Vacancy Rate Reserve:
Gross Operating Income:
Less Expenses:
Net Operating Income:
Less Loan Payments:
Pre-Tax Cash Flow:
Market Rents
488,460
(24,423)
464,037
(127,544)
336,493
336,493
3.0%
41.0%
174,211
4.1% *
5.0%
26.1%
7.9% *
* As a percent of the down payment
Scheduled Income
Estimated Annualized Expenses
No. of
Units
Bdrms/
Baths
Approx.
Sq.Ft.
5
15
1 +1
2+1
N/A
N/A
Total Scheduled Rent:
Utility Allowance:
Monthly Scheduled Gross Income:
Annual Scheduled Gross Income:
Current Rents
Monthly
Rent/Unit
$
$
1,041
1,336
Market Rents
Monthly
Rent/Unit
Monthly
Income
$
$
5,205
20,040
$
$
25,719
205
$25,924
$311,088
$
$
1,500
2,100
Monthly
Income
$
$
7,500
33,000
$
$
40,500
205
$40,705
$488,460
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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Taxes: Rate
Insurance
Utilities
Pest Control
Waste
Landscaping
Reserves
Management
On-Site Manager
Total Expenses:
Per Net Sq. Ft.:
Per Unit:
1.22% $
$
$
$
$
$
$
5% $
$
$
51,850
7,120
26,000
700
7,900
3,120
5,000
15,554
10,300
127,544
$6.87
$6,377.22
MAP
2 1 1 7 - 2 1 1 9 S . O A K S T R E E T, L O S A N G E L E S , C A 9 0 0 0 7
2117-2119 S. Oak St
AERIAL
2 1 1 7 - 2 1 1 9 S . O A K S T R E E T, L O S A N G E L E S , C A 9 0 0 0 7
211
7-2
119
S. O
ak
St
RENT ROLL
2 1 1 7 - 2 1 1 9 S . O A K S T R E E T, L O S A N G E L E S , C A 9 0 0 0 7
RENT ROLL
Unit
A1
A10
A2
A3
A4
A5
A6
A7
A8
A9
B1
B10
B2
B3
B4
B6
B7
B8
B9
Unit Type Current Rent
2B-1BA
2B-1BA
2B-1BA
2B-1BA
2B-1BA
1B-1BA
2B-1BA
2B-1BA
2B-1BA
1B-1BA
2B-1BA
2B-1BA
1B-1BA
2B-1BA
1B-1BA
2B-1BA
2B-1BA
1B-1BA
2B-1BA
1,359.00
1,359.00
1,359.00 1,359.00 1,359.00
1,064.00
1,359.00
1,366.00 1,359.00 1,064.00
1,359.00 1,359.00 1,064.00 1,359.00
1,064.00
1,359.00 1,366.00 1,064.00 1,359.00 TOTAL RENT: $25,719.00 per month
Market Rent*
2,100.00
2,100.00
2,100.00
2,100.00
2,100.00
1,500.00
2,100.00
2,100.00
2,100.00
1,500.00
2,100.00
2,100.00
1,500.00
2,100.00
1,500.00
2,100.00
2,100.00
1,500.00
2,100.00 *Estimated rents based on potentially converting to student housing after expiration of HUD contract, if it’s feasible. Neither Seller nor their agent make
any representations as to the likelihood of this, Buyer to do their own investigations.
• 20 Units – Contracted with HUD Till February 2018
• 75% Two Bedroom Units
• Situated on a 19,415 SF Lot Zoned RD 1.5
• Extremely Low Vacancy – Waiting List for Units
• Ample On-Site Parking
• Mix of One and Two Bed Units
For more information, please call.
Dana Brody
Executive Managing Director
Phone 310.272.7387
Email danab@cag-re.com
Lic. 01429001
Commercial Asset Group, Inc.
1801 Century Park East, Suite 1420
Los Angeles, CA 90067
T 310.275.8222 F 310.275.8223
www.cag-re.com
Lic. 01876070
These materials are based on information and content provided by others, which we believe are accurate. No guarantee, warranty or representation is made by Commercial Asset Group, Inc. or its personnel. All interested parties
must independently verify accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your
tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or
withdrawal from the market without notice.