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8 UNITS NORTH OF WILSHIRE IN PRIME BRENTWOOD
11921 GOSHEN AVE LOS ANGELESCA 90049
OFFERING MEMORANDUMKenny Stevens BRE# 01090251
310.968.7005 cell
PRESENTEDBY
Kenny Stevens
BRE# 01090251
310.968.7005 cell
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 AVELOS ANGELES, CA 90049
LOCATIONLOCATION OVERVIEW
LOCATIONLOCATION OVERVIEW
11921 Goshen Ave
11921 GOSHEN AVELOS ANGELES, CA 90049
LOCATIONLOCATION OVERVIEW
LOCATIONLOCATION OVERVIEW
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
11921 GOSHEN AVELOS ANGELES, CA 90049
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
11921 GOSHEN AVELOS ANGELESCA 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.
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
11921 GOSHEN AVELOS ANGELES, CA 90049
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
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY AERIAL
Kiowa Ave
Goshen Ave
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPARCEL ORIENTATION
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
PROPERTY SUMMARYPROPERTY PHOTOS
11921 GOSHEN AVELOS ANGELES, CA 90049
FINANCIALS
11921 GOSHEN AVELOS ANGELESCA 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.
FINANCIALSINVESTMENT - $3,980,000
11921 GOSHEN AVELOS ANGELES, CA 90049
FINANCIALSRENT ROLL
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.
COMPARABLES
11921 GOSHEN AVELOS ANGELESCA 90049
COMPARABLESSALES COMPS
Sales Comps
925 S Barrington Ave
986 S Barrington Ave
11948 Darlington Ave
11747 Mayfield Ave
11942 Darlington Ave
11921 GOSHEN AVELOS ANGELES, CA 90049
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
986 S Barrington Ave Los Angeles, CA 90049
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.
11948 Darlington Ave Los Angeles, CA 90049
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
11921 GOSHEN AVELOS ANGELES, CA 90049
SALE PRICE $2,950,000
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
SALE PRICE $3,120,000
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
SALE PRICE $3,000,000
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
SALE PRICE $3,695,000
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
11818 Darlington Ave
11942 Darlington Ave
922 S Barrington Ave
11921 Goshen Ave
11921 GOSHEN AVELOS ANGELES, CA 90049
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
11942 Darlington Ave 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
11818 Darlington Ave Los Angeles, CA 90049
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
11921 Goshen Ave Los Angeles, CA 90049
11921 GOSHEN AVELOS ANGELES, CA 90049
11733 Goshen Ave Los Angeles, CA 90049
RENT $3,400
UNIT SIZE 1,547 SQ.FT.
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.
922 S Barrington Ave Los Angeles, CA 90049
RENT $2,295
UNIT SIZE 1,000 SQ.FT.
UNIT TYPE 1 + 1
7
Kenny Stevens
BRE# 01090251
D: 310-968-7005
www.CONCORD-RE.com | [email protected] | 310.551.0660
449 South Beverly Drive, First Floor, Beverly Hills, CA 90212OFFERING MEMORANDUM