Executive Summary - Hanes Investment Realty
HANES INVESTMENT REALTY, INC. INVESTMENT REAL ESTATE BROKERS AND ADVISORS
EXCLUSIVELY OFFERS FOR SALE 321 Campbell Way Oxnard, CA 93033 3 Multi-Residential Units Price:
$695,000
Down:
$173,000
Loan:
$522,000
Interest Rate:
25%
3.75%
Additional Loan Terms: Loan Terms Estimated - Down payment per buyer's qualifications and lender's approval INVESTMENT HIGHLIGHTS
FINANCIAL INDICATORS
• Excellent unit mix - 2-2+2 and 1-3+2
Current Rents
Market Rents
• Garages, Alley Access, Fireplaces
Gross Rent Multiplier:
12.80
11.82
• 8%+ Upside in rents - No rent control
Capitalization Rate:
5.02
5.53
• Pitched composite roof
Cost Per Unit
$231,667
--
• Long term residents - due for rent increases
Cost Per Square Foot:
$183.18
--
• Professionally managed
Cash Flow:
3.4%
5.5%
• New copper plumbing and main per seller
Total Return:
9.0%
11.0%
• • • • • • • • • • •
Internal Rate of Return (7 year hold) Pre Tax: 13.7% Post Tax: 10.4%
Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location
Rent Per Square Foot:
$1.19
Parcel Number:
222-0-104-125
Year Built:
1964
Zoning:
N/Av
--$1.29
Please do not go on-site without an appointment. Drive by only. Do not disturb the residents. A complete marketing package is available for those seriously considering the property. For additional information contact:
Ferdinand Landry Lic #02005231
Braemon M. Hanes Lic #01230427
Todd S. Schwartz Lic #01136688
(818) 865-8305 or (805) 374-2350 or [email protected] The above 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. © Hanes Investment Realty, Inc. 2010
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard 93033 3 Multi-Residential Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
PA:
FA:
Financial Summary 3
$231,667
5.02
12.80
$183.18
# Units
Cost Per Unit
Cap Rate
GRM
Cost Sq.Ft.
Loan Terms:
$695,000
$173,000
25%
Price
Down Payment
% Down
$4.83
/
$6,102
1964
Unit
Year Built
Expense Sq.Ft. /
E. Pleasant Valley Road & Saviers Thomas Guide
Nearest Cross Street
$522,000
New
3.75%
Fixed
30
2041
Institutional
1st Loan
New / Assume
Interest Rate
Variable / Fixed
Amort. Period
Year Due
Lender
Loan Terms Estimated - Down payment per buyer's qualifications and lender's approval
222-0-104-125
N/Av
3,794
6,000
.137 Acres
6
2:1
Parcel Number
Zoning
Assessors Sq. Ft.
Lot Sq. Ft.
Lot Dimensions
Total Parking
Parking Ratio
Scheduled Gross Income: less Vacancy Reserve: Gross Operating Income: Less Expenses: Net Operating Income: less Loan Payments: Cash Flow: plus Equity Build-up: Total Return:
# Units 2 1
ANNUAL OPERATING ANALYSIS: Current Rents $ 54,300 2.0% $ 1,086 $ 53,214 33.7% $ 18,307 $ 34,907 $ 29,010 3.4% $ 5,897 $ 9,598 9.0% $ 15,496
3.0% 31.6% 5.5% 11.0%
RENTAL INCOME OVERVIEW: Bed + Bath Sq. Ft. Range Current Rents Market Rents $ 3,000 $ 2,625 2+2 $ 1,900 3+2 $ 1,900 $ $ $ $ $ $ $ $ $ 4,900 $ 4,525 Total Monthly Rent: $ $ Laundry Per Month: $ $ Other Monthly Income: $ 4,900 $ 4,525 Total Monthly Gross Income: $ 58,800 Annual Gross Income: $ 54,300
ESTIMATED ANNUAL EXPENSES: 1.20% $ 8,340 15.4% Property Tax: $ Management: $ 3,991 7.5% Maintenance: $ 936 1.7% Property Insurance: Water: $ 3,000 5.5% Power: $ Gas: $ Rubbish: $ 1,200 2.2% Landscaping: $ 840 1.5% Pool: $ License and Fees: $ Pest Control: $ Elevator: $ Total Expenses: $ 18,307 33.7%
Market Rents $ 58,800 $ 1,764 $ 57,036 $ 18,594 $ 38,442 $ 29,010 $ 9,433 $ 9,598 $ 19,031 Market Indicators 11.82 Market GRM
5.53 Market CAP
$1.19 Current Rent Per Sq.Ft.
$1.29 Market Rent Per Sq.Ft.
TAX COMPUTATION: $ Net Operating Income: $ Less Interest: Less Depreciation: Ratio: Land /Building / Personal: Building Cost: $ 521,250 Useful Life: 27.5 Yrs. Personal Property Cost: Useful Life:
34,907 19,411 25 / 75 / 0
$
18,955
$
(3,459) 37.5% 1,297
Yrs.
Taxable Income (Loss): Estimated Tax Bracket: Potential Tax Savings*:
$
*Potential tax savings may be allowable to investors who have sufficient passive rental income to absorb this excess loss (if any) The above 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. © Hanes Investment Realty, Inc.
321 Campbell Way, Oxnard 93033
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard 93033 3 Multi-Residential Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
Rent Schedule
APARTMENT NUMBER
# BED ROOMS
# BATH ROOMS
1 2 3
3 2 2
2 2 2
EST. SQUARE FEET
MONTHLY INCOME LAUNDRY OTHER INCOME MONTHLY TOTAL ANNUAL TOTAL
MONTHLY RENT
RENT PER SQUARE FOOT
EST. MARKET RENT
$1,900.00 $1,325.00 $1,300.00
$1,900.00 $1,500.00 $1,500.00
$4,525 $0 $0 $4,525 $54,300
$4,900 $0 $0 $4,900 $58,800
The above 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. © Hanes Investment Realty, Inc. 2010
MARKET RENT SQUARE FOOT
VARIANCE
PERCENT VARIANCE
$0.00 $175.00 $200.00
0.0% 13.2% 15.4%
VARIANCE 8.3%
hanesinvestmentrealty.com
321 Campbell Way, Oxnard 93033 3 Multi-Residential Units
HANES INVESTMENT REALTY, INC. INVESTMENT REAL ESTATE BROKERS AND ADVISORS
On-Site Survey Physical Summary: Parcel Number:
Apartment Features: 222-0-104-125
Oven:
Gas
3
Range:
Gas
Disposal:
Yes
Number of Units: Year of Completion: Age of Building:
1964 53
Shower:
Fiberglass
Building Gross Square Footage:
3,794
Heating:
Wall
Lot Square Footage:
6,000
Air Conditioning:
Arce Lot:
0.14
Density (units per acre):
21.8
Zoning:
N/Av
Construction: Foundation: Roof: Building Type:
Fireplace:
Yes
Amenities: Laundry:
-
Pool:
-
Raised Pitched Composite Wood Frame/Stucco
Utilities:
Number of Buildings:
1
Electric:
Individual
Number of Stories:
2
Gas:
Individual
Water: Water Heater:
Unit Mix Summary:
Master Individual
Parking:
2 + 2:
2
Garages:
3 + 2:
1
Covered:
6
:
Uncovered:
:
Total Parking:
6
:
Parking Ratio:
2:1
:
Alley Access:
Yes
The above 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. © Hanes Investment Realty, Inc.
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard, CA 93033 3 Multi-Residental Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
Property Photos
Loaction Maps
Just 1.5 miles to Port Hueneme Pier / Beach
The above 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. © Hanes Investment Realty, Inc. 2010
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard, CA 93033 3 Multi-Residental Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
Property Photos
Aerial Map
Plot Map
The above 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. © Hanes Investment Realty, Inc. 2010
hanesinvestmentrealty.com
EXCLUSIVELY OFFERS FOR SALE 321 Campbell Way Oxnard, CA 93033 3 Multi-Residential Units Price:
$695,000
Down:
$173,000
Loan:
$522,000
Interest Rate:
25%
3.75%
Additional Loan Terms: Loan Terms Estimated - Down payment per buyer's qualifications and lender's approval INVESTMENT HIGHLIGHTS
FINANCIAL INDICATORS
• Excellent unit mix - 2-2+2 and 1-3+2
Current Rents
Market Rents
• Garages, Alley Access, Fireplaces
Gross Rent Multiplier:
12.80
11.82
• 8%+ Upside in rents - No rent control
Capitalization Rate:
5.02
5.53
• Pitched composite roof
Cost Per Unit
$231,667
--
• Long term residents - due for rent increases
Cost Per Square Foot:
$183.18
--
• Professionally managed
Cash Flow:
3.4%
5.5%
• New copper plumbing and main per seller
Total Return:
9.0%
11.0%
• • • • • • • • • • •
Internal Rate of Return (7 year hold) Pre Tax: 13.7% Post Tax: 10.4%
Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location Prime Sherman Oaks Location
Rent Per Square Foot:
$1.19
Parcel Number:
222-0-104-125
Year Built:
1964
Zoning:
N/Av
--$1.29
Please do not go on-site without an appointment. Drive by only. Do not disturb the residents. A complete marketing package is available for those seriously considering the property. For additional information contact:
Ferdinand Landry Lic #02005231
Braemon M. Hanes Lic #01230427
Todd S. Schwartz Lic #01136688
(818) 865-8305 or (805) 374-2350 or [email protected] The above 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. © Hanes Investment Realty, Inc. 2010
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard 93033 3 Multi-Residential Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
PA:
FA:
Financial Summary 3
$231,667
5.02
12.80
$183.18
# Units
Cost Per Unit
Cap Rate
GRM
Cost Sq.Ft.
Loan Terms:
$695,000
$173,000
25%
Price
Down Payment
% Down
$4.83
/
$6,102
1964
Unit
Year Built
Expense Sq.Ft. /
E. Pleasant Valley Road & Saviers Thomas Guide
Nearest Cross Street
$522,000
New
3.75%
Fixed
30
2041
Institutional
1st Loan
New / Assume
Interest Rate
Variable / Fixed
Amort. Period
Year Due
Lender
Loan Terms Estimated - Down payment per buyer's qualifications and lender's approval
222-0-104-125
N/Av
3,794
6,000
.137 Acres
6
2:1
Parcel Number
Zoning
Assessors Sq. Ft.
Lot Sq. Ft.
Lot Dimensions
Total Parking
Parking Ratio
Scheduled Gross Income: less Vacancy Reserve: Gross Operating Income: Less Expenses: Net Operating Income: less Loan Payments: Cash Flow: plus Equity Build-up: Total Return:
# Units 2 1
ANNUAL OPERATING ANALYSIS: Current Rents $ 54,300 2.0% $ 1,086 $ 53,214 33.7% $ 18,307 $ 34,907 $ 29,010 3.4% $ 5,897 $ 9,598 9.0% $ 15,496
3.0% 31.6% 5.5% 11.0%
RENTAL INCOME OVERVIEW: Bed + Bath Sq. Ft. Range Current Rents Market Rents $ 3,000 $ 2,625 2+2 $ 1,900 3+2 $ 1,900 $ $ $ $ $ $ $ $ $ 4,900 $ 4,525 Total Monthly Rent: $ $ Laundry Per Month: $ $ Other Monthly Income: $ 4,900 $ 4,525 Total Monthly Gross Income: $ 58,800 Annual Gross Income: $ 54,300
ESTIMATED ANNUAL EXPENSES: 1.20% $ 8,340 15.4% Property Tax: $ Management: $ 3,991 7.5% Maintenance: $ 936 1.7% Property Insurance: Water: $ 3,000 5.5% Power: $ Gas: $ Rubbish: $ 1,200 2.2% Landscaping: $ 840 1.5% Pool: $ License and Fees: $ Pest Control: $ Elevator: $ Total Expenses: $ 18,307 33.7%
Market Rents $ 58,800 $ 1,764 $ 57,036 $ 18,594 $ 38,442 $ 29,010 $ 9,433 $ 9,598 $ 19,031 Market Indicators 11.82 Market GRM
5.53 Market CAP
$1.19 Current Rent Per Sq.Ft.
$1.29 Market Rent Per Sq.Ft.
TAX COMPUTATION: $ Net Operating Income: $ Less Interest: Less Depreciation: Ratio: Land /Building / Personal: Building Cost: $ 521,250 Useful Life: 27.5 Yrs. Personal Property Cost: Useful Life:
34,907 19,411 25 / 75 / 0
$
18,955
$
(3,459) 37.5% 1,297
Yrs.
Taxable Income (Loss): Estimated Tax Bracket: Potential Tax Savings*:
$
*Potential tax savings may be allowable to investors who have sufficient passive rental income to absorb this excess loss (if any) The above 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. © Hanes Investment Realty, Inc.
321 Campbell Way, Oxnard 93033
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard 93033 3 Multi-Residential Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
Rent Schedule
APARTMENT NUMBER
# BED ROOMS
# BATH ROOMS
1 2 3
3 2 2
2 2 2
EST. SQUARE FEET
MONTHLY INCOME LAUNDRY OTHER INCOME MONTHLY TOTAL ANNUAL TOTAL
MONTHLY RENT
RENT PER SQUARE FOOT
EST. MARKET RENT
$1,900.00 $1,325.00 $1,300.00
$1,900.00 $1,500.00 $1,500.00
$4,525 $0 $0 $4,525 $54,300
$4,900 $0 $0 $4,900 $58,800
The above 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. © Hanes Investment Realty, Inc. 2010
MARKET RENT SQUARE FOOT
VARIANCE
PERCENT VARIANCE
$0.00 $175.00 $200.00
0.0% 13.2% 15.4%
VARIANCE 8.3%
hanesinvestmentrealty.com
321 Campbell Way, Oxnard 93033 3 Multi-Residential Units
HANES INVESTMENT REALTY, INC. INVESTMENT REAL ESTATE BROKERS AND ADVISORS
On-Site Survey Physical Summary: Parcel Number:
Apartment Features: 222-0-104-125
Oven:
Gas
3
Range:
Gas
Disposal:
Yes
Number of Units: Year of Completion: Age of Building:
1964 53
Shower:
Fiberglass
Building Gross Square Footage:
3,794
Heating:
Wall
Lot Square Footage:
6,000
Air Conditioning:
Arce Lot:
0.14
Density (units per acre):
21.8
Zoning:
N/Av
Construction: Foundation: Roof: Building Type:
Fireplace:
Yes
Amenities: Laundry:
-
Pool:
-
Raised Pitched Composite Wood Frame/Stucco
Utilities:
Number of Buildings:
1
Electric:
Individual
Number of Stories:
2
Gas:
Individual
Water: Water Heater:
Unit Mix Summary:
Master Individual
Parking:
2 + 2:
2
Garages:
3 + 2:
1
Covered:
6
:
Uncovered:
:
Total Parking:
6
:
Parking Ratio:
2:1
:
Alley Access:
Yes
The above 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. © Hanes Investment Realty, Inc.
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard, CA 93033 3 Multi-Residental Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
Property Photos
Loaction Maps
Just 1.5 miles to Port Hueneme Pier / Beach
The above 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. © Hanes Investment Realty, Inc. 2010
hanesinvestmentrealty.com
HANES INVESTMENT REALTY, INC.
321 Campbell Way, Oxnard, CA 93033 3 Multi-Residental Units
INVESTMENT REAL ESTATE BROKERS AND ADVISORS
Property Photos
Aerial Map
Plot Map
The above 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. © Hanes Investment Realty, Inc. 2010
hanesinvestmentrealty.com
