Download pdf - 431 MARINE STREET SANTA MONICA CA 90405 · PDF filePRESENTATION OVERVIEW ... company representing investors of commercial real estate and providing ... Hillcrest Country Club Kenneth

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

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

LISTING PROPOSAL PRESENTED TO:FIRST LAST07/19/2016

6 UNITS IN PRIME SANTA MONICA, 6 BLOCKS FROM THE BEACH

431 MARINE STREETSANTA MONICACA 90405

PRESENTED BY

Kenny Stevens

Managing Partner / Senior Vice President

BRE# 01090251

424.284.4440 direct

310.551.0661 fax

[email protected]

About ConcordOur mission

PROPERTY SUMMARYProperty HighlightsProperty DescriptionAerial PhotoParcel OrientationPhotography

FINANCIALSFinancial OverviewRent Roll

LOCATION OVERVIEWMarket overview

COMPARABLESSales Comps On Market CompsRent Comps

PRESENTATION OVERVIEW

431 MARINE STREETSANTA MONICA, CA 90405




ABOUT US

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.

Concord Real Estate Services opened its doors as a real estate brokerage company representing investors of commercial real estate and providing property management exclusively for the properties held by our founder Reuben Robin. Over time, we recognized that many of our brokerage clients were also in need of a reliable property management company. They were pleased to find a company that would treat their property and their tenants like their own.

Built on a foundation of trust, integrity, and dedication, today we are a full service real estate company with over 50 employees. We cater to the needs of private and institutional investors as well as developers in the Greater Los Angeles and San Fernando Valley areas. We are focused exclusively in helping property owners achieve their real estate goals.

Our sales and leasing agents are local market and product specialists that work diligently and tirelessly to represent our clients best interests.

Concord’s professional administrative staff and property managers assume the day to day responsibilities of operations and oversight of their investment properties. And our trained & skilled maintenance and construction crews are committed to delivering quality service at reasonable costs.

Even though we started as a commercial real estate company, our satisfied clients often solicited us to represent them with the sale and purchase of their personal homes. In keeping with our commitment to align our company’s services with our clients’ needs, Concord Residential was formed.

We are committed to working in unison with our client’s vision and needs to formulate strategies, deliver unparalleled service, and always provide reliable, comprehensive information and analysis to help our clients make the best decisions possible.

Our clients entrust us with so many aspects of their real estate life.Our mission is to dutifully guide them, create value and act in

harmony with their best interest.

a different kind of real estate partner.

WE PARTNER WITH YOU EVERY STEP OF THE WAYTO ELEVATE YOUR REAL ESTATE EXPERIENCE


OUR MISSION



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 PRESENTATION07/19/2016

PROPERTY SUMMARY

431 MARINE STREET SANTA MONICACA 90405


PROPERTY SUMMARY PROPERTY HIGHLIGHTS


6 Units in Prime Santa Monica, 6 blocks from the Beach• Prime Santa Monica Location, just 6 blocks from the beach• Walking distance to Abbot Kinney, Main Street Santa Monica, Rose Avenue, the Metro and world-class beaches• (5) 2+1.5 Townhouse Units, (1) 1+1 unit• 2 story townhome style units average over 1000 sq ft!• Hardwood floors throughout the first floor• New copper plumbing in 2014• New roof in 2005• New high-efficiency water heater & vinyl windows• On-site Laundry• Approximately 47% upside potential!• 7 parking spaces• New exterior painting & landscaping planned for July 2016.

PROPERTY SUMMARY PROPERTY DETAILS



PROPERTY DETAILS

PROPERTY DESCRIPTION

Bedrooms 11Major Intersection 4th Avenue and Rose AvenueMarket Santa MonicaAPN 4287-027-022Building Size 6,491 SFZoning Type SMOP2Lot Size Approx. 7,513 square feet

Concord Real Estate Services proudly presents the offering memorandum for 431 Marine Street in beautiful Santa Monica, California. This property is six blocks from the beack and 4 blocks to Main Street and walking distance to local attractions such as Abbot Kinney, Rose Avenue, the Metro, etc. The building has five (5) 2+1.5 two-story units that measure 1,000 square feet and one (1) 1+1 unit. There are hardwood floors throughout the first floor, high vaulted ceilings, and dishwashers. The roof was replaced in 2005, plumbing was replaced with copper piping in 2014, and a new high-efficiency water heater and vinyl windows have been put in. Laundry is conveniently located on-site and there are seven parking spaces available for the six units. Street parking is abundant.

Playa Vista

Del Ray

Venice

Playa Del Ray

Marina Del Ray

Loyola Marymount University

Los Angeles International Airport

Santa MonicaMunicipal Airport

Hillcrest Country Club

Kenneth HahnRecreation Area

Cheviot HillsRecreation Center

Pacific Ocean W Jefferson Blvd

Fiji Way

Culver

Blvd

Venice Blvd

Abbot Kinney Blvd

Lincoln Blvd

Lincoln Blvd

Lincoln Blvd

Pacific Coast Highway

Venice Blvd

Beethoven Street

Walgrove Ave

Walgrove Ave

26th Street

14th Street

14th StreetLincoln Blvd

4th Street

4th Street

Ocean Ave

26th Street

Venice Blvd

Venice Blvd

Venice Blvd

Palms Blvd

Palms BlvdNational Blvd

Rose BlvdOcean Park Blvd

Ocean Park Blvd

Pico Blvd

Pico Blvd

Olympic B

lvd

Olympic B

lvd

Olympic

Blvd

Olympic

Blvd

Santa

Monica

Blvd

Santa

Monica

Blvd

Ohio Ave

Santa Monica Blvd

Santa Monica Blvd

Wilshire

Blvd

Wilshire

Blvd

Montan

a Blvd

Montan

a Blvd

San Vice

nte Blvd

San Vice

nte Blvd

Colorado Blvd

Pico Blvd

Pico Blvd

Pico Blvd

Washington Blvd

Washington Blvd

Washington Blvd

National Blvd

Cadillac Ave

Monte Mar Dr

Rodeo Rd

Mindanao Way

Inglewood Blvd

Overland Ave

Overland Ave

Overland AveW

estwood Blvd

Mot

or A

ve

Motor Ave

Motor Ave

Inglewood Blvd

S Centinela Avenue

S Centinela Avenue

S Centinela Avenue

Culver

Blvd

Culver

Blvd

Culver

Blvd

Vista Del Mar

Via Marina

Pacific Avenue

Pacific Avenue

Pacific Avenue

Speedway

W Manchester Ave

Westchester Pkwy Westchester Pkwy

W Manchester Ave W Manchester Ave

Slauson Avenue

Slauson Avenue

Centinela Ave

W 83rd Street

W 83rd Street

W 80th Street

Sep

ulve

da B

lvd

Airp

ort B

lvd

La Ti

jera B

lvd

La Ti

jera B

lvd

Sepu

lved

a Bl

vd

Sep

ulve

da B

lvd

La Cienega Blvd

La C

iene

ga B

lvd

La C

iene

ga B

lvd

Beverwil Drive

La Cienega B

lvd

Sepu

lved

a Bl

vd

W Jefferson Blvd

W Bluff Creek Drive

90

901

1

1

1

1

1

1

405

405

405

405

405

10

10

10

1010

405

431 Marine Street


PROPERTY SUMMARY PROPERTY LOCATION



PROPERTY SUMMARY PROPERTY AERIAL



PROPERTY SUMMARY PROPERTY PROFILE / PARCEL ORIENTATION


© Latitude Geographics Group Ltd.

0.1

THIS MAP IS NOT TO BE USED FOR NAVIGATION

WGS_1984_Web_Mercator_Auxiliary_Sphere

Miles0.1

Notes

Legend

This map is a user generated static output from an Internet mapping site and is for

reference only. Data layers that appear on this map may or may not be accurate,

current, or otherwise reliable.

0.040

1: 2,257

431 Marine Street, Santa Monica, CA 90405

Parcels


PROPERTY SUMMARY PROPERTY PHOTOS




PROPERTY SUMMARY PROPERTY PHOTOS




FINANCIALS


INVESTMENT SUMMARY SCHEDULED INCOMEDown Payment: $3,475,000 100.00%Year Built: 1964 Units Beds Baths Average Monthly Rent MonthlyUnits: 6 5 2 1.5 $2,583 $12,914 $3,795 $18,975Approx. Lot Size: 7,513 Sq. Ft. 1 1 1 $1,937 $1,937 $2,795 $2,795Approx. Bldg. NRSF: 6,491 Sq. Ft.Cost per NRSF: $535.36Cost per Unit: $579,167Expense / NRSF: $10.71Expense / Unit: $11,588

CURRENT PRO FORMA $14,829 $21,770GRM: 19.53 13.28 Laundry Income: $40 $40CAP: 2.97% 5.30% $14,869 $21,810ROI: 2.97% 5.30% $177,948 $261,720

ANNUAL INCOME ESTIMATED ANNUAL EXPENSESCURRENT PRO FORMA AMOUNT

Scheduled Gross Income: $177,948 $261,720 $43,438Less Vacancy Reserve Rate: ($5,338) 3.00% * ($7,852) 3.00% $2,596Gross Operating Income: $172,610 $253,868 $6,491Less Expenses: ($69,527) 39.07% * ($69,527) 26.57% $8,897Net Operating Income: $103,083 $184,342 $6,904Less Debt Service: $0 $0 $1,200Pre-Tax Cash Flow: $103,083 2.97% ** $184,342 5.30%Plus Principal Reduction: $0 $0Total Return Before Taxes: $103,083 2.97% ** $184,342 5.30%

FINANCING INFORMATIONPrice: $3,475,000 Terms: 30 Year Amort. $69,527Down Payment: $3,475,000 Interest Rate 4.00% For 5 Years $10.71Loan Amount: $0 Payment: $0.00 Per Month $11,588

PRO FORMA

Scheduled Rent:

Monthly Gross Income:Annual Gross Income:

$3,475,000

*Rents effective starting September 1st

Expense / Unit:

Total Expenses:Expense / NRSF:

UNIT MIX

Taxes:

Maintenance & Repairs:

Insurance:Utilities:

CURRENT

ITEM

* As a percent of the scheduled gross income. ** As a percent of the down payment

Misc/Reserves:Professional Mgmt:



FINANCIALSFINANCIAL OVERVIEW

Current MarketUnit # Rent Rent

1 2 + 1.5 TH $2,694 $3,795 Rent effective September 1st2 2 + 1.5 TH $2,459 $3,795 Rent effective September 1st3 2 + 1.5 TH $2,562 $3,795 Rent effective September 1st4 2 + 1.5 TH $2,550 $3,795 Rent effective September 1st5 2 + 1.5 TH $2,587 $3,795 Rent effective September 1st6 1 + 1 $1,937 $2,795 Rent effective October 1st

LAUNDRY INCOME: $40 $40

MONTHLY TOTAL: $14,829 $21,810

ANNUAL TOTAL: $177,948 $261,720

Effective DateUnit Type


FINANCIALS RENT ROLL AS OF SEPTEMBER 1, 2016





LOCATION


LOCATION LOCATION OVERVIEW



SANTA MONICA, CALIFORNIA

One of the most desirable addresses for both living and working, Santa Monica offers a walkable downtown, a blossoming public transportation system, and several notable tourist destinations. Known for its sunshine and beaches, Santa Monica prides itself as a national model for progressive issues, including social services, quality of life for local residents, and environmental leadership. Median family income is $110,000 and average home prices are $1.1 million resulting in beautiful neighborshoods and incredible ROI for real estate investors.

This urban village has spectacular views of its vast white sand beaches from Palisades Park, exceptional shopping on Third Street Promenade, Main Street and Montana Avenue, and the region’s most renowned restaurant scene. Santa Monica stretches for about two miles along the coast before joining up with Venice Beach.

A population of nearly 90,000 and a daytime workforce of about 80,000 makes Santa Monica’s labor force participation rate among the highest in the world. Major employers include UCLA Hospital, St. John’s Health Center, RAND Corporation, Universal Music Group, Activision and Santa Monica College.

Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies. Major technology companies that have opened offices in the region include Google, Yahoo!, YouTube, BuzzFeed, Facebook, AOL, Electronic Arts, EdgeCast Networks, and MySpace. The region is considered the second- or third-largest tech hub in the world, according to various reports. This has had major impacts on the type and availability of office space and on home prices in Playa Vista, Playa Del Rey, Westchester, Santa Monica, and Venice, as these areas have become more desirable due to this influx. The effects are also spilling over into Marina del Rey which is attracting tech firms.

The Expo Line is a light-rail line that runs between Downtown Los Angeles and Santa Monica. The line is named “Expo” after Exposition Boulevard, which it runs alongside for most of its route. It is one of the six lines in the Metro Rail system, and is operated by the Los Angeles County Metropolitan Transportation Authority (Metro).


LOCATION MARKET AERIAL


Neilson Way

Hill St

Marine St

1

John Muir Elementary School

Ocean View Park

Library Ale House

431 Marine Street

Rose Ave

nue

Main Street

WESTSIDE

Los

Ange

les

Riv

er

Los Angeles River

PACIFIC OCEAN

2nd St/Hope

1st/Centra

l

2nd St/BroadwayBroadway

Wils

hire/L

a Bre

a

Wils

hire/F

airfax

Wils

hire/L

a Cienega

Wils

hire/R

odeo

Century City

/Conste

llatio

n

Westwood/U

CLA

Westwood/U

CLA

Westwood/V

A Hospita

l

Aviation/96th

Martin Luther King Jr

Leimert Park

Hyde Park

Fairview Heights

Downtown Inglewood

Westchester/Veterans

Aviation/Century

Little Tokyo/Arts Dist

PURPLE LINE EXTENSION

REGIONAL CONNECTOR

TRANSIT PROJECT

CRENSHAW/LAXTRANSIT PROJECT

LAX

Univers

al City

/Stu

dio City

Hollywood/V

ine

Hollywood/H

ighland

Univers

al City

/Stu

dio City

Balboa

Canoga

De Soto

Pierce Colle

ge

Tam

pa

Reseda

Civic Ctr/

Civic Ctr/

Civic Ctr/

Civic Ctr/

Grand

Grand

Grand

Grand

ParkParkParkPark

Westlake/M

acArthur P

ark

Warner Ctr

Roscoe

Pico/A

liso

Mariach

i Pla

za

Long Beach

Bl

Artesia

Del Amo

Civic Ctr/

Grand

Park

Allen

LakeSierr

a Madre

Villa

Arcadia

Monrovia

Duarte/C

ity of H

ope

Irwindale

Azusa D

owntown

APU/Citr

us College

Lincoln/Cypress

Heritage Sq

Southwest Museum

Highland Park

Fillmore

Del Mar

Memorial Park

South Pasadena

Westlake/M

acArthur P

ark

Wils

hire/V

ermont

Pershing

Chinatown

Union Station

Chinatown

Square

7th St/Metro CtrPico

LATTC/OrthoInstitute

Jeffers

on/USC

Union Station

LAX FlyAwayAmtrak & MetrolinkLAX FlyAway

LAX Shuttle G

Amtrak & MetrolinkMetro

link

Sherman Way

Warner Ctr

Roscoe

Nordhoff

Chatsworth

Hollywood/W

estern

Vermont/S

anta M

onicaHollywood/W

estern

Hollywood/V

ine

Hollywood/H

ighlandNorth

Holly

wood

Balboa

Woodley

Sepulveda

Van Nuys

Sepulveda

Van Nuys

Woodman

Valley Colle

ge

Laurel C

anyon

Canoga

De Soto

Pierce Colle

ge

Tam

pa

Reseda

Vermont/B

everly

Vermont/S

anta M

onica

Vermont/S

unset

Vermont/S

unset

Amtrak & Metrolink

Soto

Indiana

Maravill

a

East LA Civic

Ctr

Atlantic

El Monte

Cal Sta

te LA

LAC+USC Medica

l Ctr

Pico/A

liso

Mariach

i Pla

za

Wils

hire/

Normandie

Wils

hire/W

estern

ExpoPark

/USC

Expo/Verm

ont

Expo/Weste

rn

Expo/Cre

nshaw

Farmdale

Expo/La B

rea

La Cienega/Jeffers

on

Culver C

ity

Palms

Westwood/R

ancho Park

Expo/Sepulve

da

Expo/Bundy

26th St/B

ergam

ot

Expo/Sepulve

da

Expo/Bundy

26th St/B

ergam

ot

17th

St/SMC

Downtown Santa

Monica

Mariposa

El Segundo

Douglas

Redondo Beach

37th St/USC

Rosecrans

Harbor

Carson

Pacific CoastHwy

GatewayTransit Ctr

Long Beach

Bl

Avalon

Vermont/

Athens

Crenshaw

Hawthorn

e/Lennox

Aviation/L

AX

Lakewood Bl

Norwalk

Norwalk

Slauson

Manchester

Harbor F

wy

5th St

1st St

PacificAv

DowntownLong Beach

PacificAv

Washington

Vernon

Slauson

Florence

Firestone

Compton

Artesia

Del Amo

Wardlow

Willow St

Pacific Coast Hwy

Anaheim St

103rd St/

Willowbrook/Rosa Parks

Watts Towers 103rd St/

Willowbrook/Rosa Parks

DowntownLong Beach

Grand/LATTC

San Pedro St

Watts Towers

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

WESTSIDE

CENTRAL LA

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

CENTRAL LA

North Hollywood to Union Station

Metro Rail

Wilshire/Western to Union StationPurple Line

Blue Line

Expo Line

Orange Line

Amtrak

LAX FlyAway

Metrolink

Metro Busway

Regional Rail

Green Line

Gold Line

Downtown LA to Long Beach

Downtown LA to Santa Monica

Redondo Beach to Norwalk

East Los Angeles to Azusa

Silver Line

Chatsworth to North Hollywood

San Pedro to El Monte

amtrak.com

metrolinktrains.com

lawa.org/flyaway

LAX Shuttle (free)lawa.org

Street Service in Downtown LAand San Pedro

MAY 2016 Subject to Change

Airport Shuttle

Rail Station

StationTransfer

Busway

Statio

n

UNDERCONSTRUCTION

Busway StreetService

Red Line

metro.net

Metro Rail & Busway

16-1

819M

M ©

2016

LAC

MTA

JUL 2016 Subject to Change



431 Marine Street

LOCATION EXPO LINE




COMPARABLES



COMPARABLES SALES COMPS


Playa Vista

Del Ray

Venice

Playa Del Ray

Marina Del Ray








Fiji Way

Culver

Blvd

Venice Blvd

Abbot Kinney Blvd

Lincoln Blvd

Lincoln Blvd

Lincoln Blvd


Venice Blvd

Beethoven Street

Walgrove Ave

Walgrove Ave

26th Street

14th Street


4th Street

4th Street

Ocean Ave

26th Street

Venice Blvd

Venice Blvd

Venice Blvd

Palms Blvd



Ocean Park Blvd

Pico Blvd

Pico Blvd

Olympic B

lvd

Olympic B

lvd

Olympic

Blvd

Olympic

Blvd

Santa

Monica

Blvd

Santa

Monica

Blvd

Ohio Ave

Santa Monica Blvd

Santa Monica Blvd

Wilshire

Blvd

Wilshire

Blvd

Montan

a Blvd

Montan

a Blvd

San Vice

nte Blvd

San Vice

nte Blvd

Colorado Blvd

Pico Blvd

Pico Blvd

Pico Blvd

Washington Blvd

Washington Blvd

Washington Blvd

National Blvd

Cadillac Ave

Monte Mar Dr

Rodeo Rd

Mindanao Way

Inglewood Blvd

Overland Ave

Overland Ave

Overland AveW

estwood Blvd

Mot

or A

ve

Motor Ave

Motor Ave

Inglewood Blvd

S Centinela Avenue

S Centinela Avenue

S Centinela Avenue

Culver

Blvd

Culver

Blvd

Culver

Blvd

Vista Del Mar

Via Marina

Pacific Avenue

Pacific Avenue

Pacific Avenue

Speedway

W Manchester Ave



Slauson Avenue

Slauson Avenue

Centinela Ave

W 83rd Street

W 83rd Street

W 80th Street

Sep

ulve

da B

lvd

Airp

ort B

lvd

La Ti

jera B

lvd

La Ti

jera B

lvd

Sepu

lved

a Bl

vd

Sep

ulve

da B

lvd

La Cienega Blvd

La C

iene

ga B

lvd

La C

iene

ga B

lvd

Beverwil Drive

La Cienega B

lvd

Sepu

lved

a Bl

vd

W Jefferson Blvd

W Bluff Creek Drive

90

901

1

1

1

1

1

1

405

405

405

405

405

10

10

10

1010

405

431 Marine Street

2

1

5

4

3

Recent Sales

2820 3rd Street

2626 11th Street

921-925 16th Street

1038 10th Street

918 16th Street

1040 Euclid St

1

2

3

4

5

6

6




.

.

SALE PRICE $2,950,000 COE 09/09/15UNITS 6BLDG S.F. 4,636PRICE/S.F. $636 PRICE/UNIT $491,667 YEAR BUILT 1962GRM 18.6

SALE PRICE $3,850,000 COE 08/12/15UNITS 6BLDG S.F. 5,228PRICE/S.F. $736 PRICE/UNIT $641,667 YEAR BUILT 1950GRM 22.64

COMMENTS: Smaller unit size than subject COMMENTS: Smaller building size than subject

SALE PRICE $3,490,000 COE 03/01/16TOTAL UNITS 7BLDG S.F. 7,070PRICE/S.F. $493 PRICE/UNIT $498,571 YEAR BUILT 1968GRM 17.2

COMMENTS: Smaller unit size than subject

1 3

2

UNITS UNIT TYPE4 2 Bed/1.5 Bath3 3 Bed/2 Bath

UNITS UNIT TYPE4 1 Bed/1 Bath2 2 Bed/2 Bath

UNITS UNIT TYPE6 2 Bed/2 Bath

UNITS UNIT TYPE5 2 Bed/1.5 Bath TH1 1 Bed/1 Bath

SALE PRICE $3,475,000

TOTAL UNITS 6

BLDG S.F. 6,491

PRICE/S.F. $535.36

PRICE/UNIT $579,167

YEAR BUILT 1964

GRM 19.53

431 Marine Street, Santa Monica, Ca 90405

921-925 16th Street, Street, Santa Monica, Ca 904052820 3rd Street, Santa Monica, Ca 90405

2626 11th Street, Santa Monica, Ca 90405




.

SALE PRICE $5,526,000

COE 03/01/16UNITS 11BLDG S.F. 10,878PRICE/S.F. $508PRICE/UNIT $502,363

YEAR BUILT 1963GRM 17.83

COMMENTS: Smaller unit size than subjectCOMMENTS: All studio units

6 1040 Euclid Street, Santa Monica, CA 90403

SALE PRICE $2,950,000 COE 05/31/16UNITS 6BLDG S.F. 8,877PRICE/S.F. $383 PRICE/UNIT $566,667YEAR BUILT 1968GRM N/A

COMMENTS: Smaller unit size than subject

5

UNITS UNIT TYPE4 2 Bed/1.5 Bath1 2 Bed/2 Bath1 3 Bed/3.5 Bath

UNITS UNIT TYPE6 Studio

SALE PRICE $3,100,000 COE 05/23/16TOTAL UNITS 6BLDG S.F. 7,585PRICE/S.F. $408 PRICE/UNIT $516,667 YEAR BUILT 1962GRM N/A



4

UNITS UNIT TYPE9 2 Bed/2 Bath2 1 Bed/1 Bath


COMPARABLES RENT COMPS


Playa Vista

Del Ray

Venice

Playa Del Ray

Marina Del Ray








Fiji Way

Culver

Blvd

Venice Blvd

Abbot Kinney Blvd

Lincoln Blvd

Lincoln Blvd

Lincoln Blvd


Venice Blvd

Beethoven Street

Walgrove Ave

Walgrove Ave

26th Street

14th Street


4th Street

4th Street

Ocean Ave

26th Street

Venice Blvd

Venice Blvd

Venice Blvd

Palms Blvd



Ocean Park Blvd

Pico Blvd

Pico Blvd

Olympic B

lvd

Olympic B

lvd

Olympic

Blvd

Olympic

Blvd

Santa

Monica

Blvd

Santa

Monica

Blvd

Ohio Ave

Santa Monica Blvd

Santa Monica Blvd

Wilshire

Blvd

Wilshire

Blvd

Montan

a Blvd

Montan

a Blvd

San Vice

nte Blvd

San Vice

nte Blvd

Colorado Blvd

Pico Blvd

Pico Blvd

Pico Blvd

Washington Blvd

Washington Blvd

Washington Blvd

National Blvd

Cadillac Ave

Monte Mar Dr

Rodeo Rd

Mindanao Way

Inglewood Blvd

Overland Ave

Overland Ave

Overland AveW

estwood Blvd

Mot

or A

ve

Motor Ave

Motor Ave

Inglewood Blvd

S Centinela Avenue

S Centinela Avenue

S Centinela Avenue

Culver

Blvd

Culver

Blvd

Culver

Blvd

Vista Del Mar

Via Marina

Pacific Avenue

Pacific Avenue

Pacific Avenue

Speedway

W Manchester Ave



Slauson Avenue

Slauson Avenue

Centinela Ave

W 83rd Street

W 83rd Street

W 80th Street

Sep

ulve

da B

lvd

Airp

ort B

lvd

La Ti

jera B

lvd

La Ti

jera B

lvd

Sepu

lved

a Bl

vd

Sep

ulve

da B

lvd

La Cienega Blvd

La C

iene

ga B

lvd

La C

iene

ga B

lvd

Beverwil Drive

La Cienega B

lvd

Sepu

lved

a Bl

vd

W Jefferson Blvd

W Bluff Creek Drive

90

901

1

1

1

1

1

1

405

405

405

405

405

10

10

10

1010

405

431 Marine Street

2

1

43

Rent Comps

59 Rose Ave

1835 7th Street

2521 Beverly Ave

660 Ocean Park Blvd

1

2

3

4


COMPARABLES RENT COMPS


.

.

UNITS 2Bed/1.5 Bath TH

RENT $2,583

RENT/S.F.

431 Marine Street, Santa Monica, Ca 90405

.

UNITS TYPE 2 Bed/1.5 Bath

RENT $4,250

3 2521 Beverly Avenue, Santa Monica, CA 90405

UNIT TYPE 2 Bed/2 Bath

RENT $4,495

1 59 Rose Avenue, Venice, 90291

.

UNIT TYPE 2 Bed/1.5 Bath

RENT $3,995

2

.

1835 7th Street, Santa Monica, CA 90405

.

UNIT TYPE 2 Bed/1.5 BathRENT $4,000

4 660 Ocean Park Boulevard, Santa Monica, CA 90405

.

Kenny StevensBRE# 01090251 D: 424-284-4440 F: 310-551-0661 [email protected]

LISTING PROPOSAL PRESENTED TO:FIRST LAST07/19/2016

