Offering Memorandum
360 S. Alvarado St. Los Angeles, CA 90057
Offering Memorandum
Table Of Contents
Property Overview...................... 3 Location Overview .................... 5 Sales Comparables ................. 11 Financial Analysis .................... 16 Demographics ..........................21
Presented by: Rosano Partners Los Angeles Office 700 S. Flower St, Suite 2920 Los Angeles, CA 90017 www.RosanoPartners.com
The information contained in the Offering Memorandum is confidential, furnished solely for the purpose of a review by a prospective purchaser of the Property, and is not to be used for any other purpose or made available to any other person without the express written consent of the Seller or Advisor. Prospective purchasers should also conduct their own due diligence, including, but not limited to, engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property or used in the construction of maintenance of the building(s) at the Property.
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 2
Property Overview
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 3
Property Overview Property Overview / Financial Summary PRICE
$2,300,000 PRICE / SF
$505.27 PRICE / LOT SF
$234.14 YEAR BUILT
1984
CAP RATE // ACTUAL
5.03%
CAP RATE // PRO FORMA
5.26%
LEASABLE AREA
4,552 SF LOT SIZE
9,823 SF
Property Overview / Business Sale PRICE
$1,000,000 GROSS INCOME
$362,400 NOI
$157,098
CAP RATE // ACTUAL
15.71%
LEASABLE AREA
4,552 SF BUSINESS PREMISES
2,952 SF
Property Overview / Property Descriptions Rosano Partners is pleased to present a retail investment opportunity. The 4,552 SF strip center is situated on 9,823 SF lot. This center is exceptionally attractive with its 9 parking spaces. Subject property has outstanding traffic counts with 43,501 VPD on Alvarado Street not to mention the customers from neighboring National tenants Ross Dress for Less and Dollar Tree. The pole sign on the signalized corner delivers an even greater visibility for tenants on the East side of the center. The center is comprised of three spaces: Coin Laundry, Restaurant and Café Space. This offering includes the bulk sale transfer of the Coin Laundry business on site.
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 4
Location Overview
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 5
S.
Al
va
ra
do
St
.
Location Overview / Aerial
W. M
ary
lan
dS
t.
Location Overview / Location Descriptions Subject property is located on the NWC of Alvarado and Maryland. Situated one block north of 6th Street, there is no shortage of vehicle and foot traffic in the area. Tenants benefit from the high foot traffic and close proximity to St Vincent Medical Center. There is no doubt the density in the trade area is tremendously high, which works in favor of the center and its tenants. With the growing number of residents taking public transit, it will prove to be extremely beneficial to be located only two blocks from the Metro Red & Purple Line Westlake/MacArthur Park station.
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 6
Location Overview / Map
S
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 7
Location Overview / Map
S
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 8
Location Overview / LA County La County Facts / Population: 10,017,068 / / / / / /
• (~26% of California’s population) 4,057.88 Sq Mi Land Area 2,419.6 Persons/Sq Mi 29.5% Bachelors Degree or Higher 3,462,202 Housing Units 47.3% Homeownership Rate $56,241 Median Household Income
La County Industry Los Angeles is the largest major manufacturing center in the United States. / 500,000 Manufacturing Workers Los Angeles and Long Beach ports support international trade.
La County Demographics
African American American Indian Asian Native Hawaiian Hispanic or Latino White Alone Other
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 9
Location Overview / LA County Economy Top 5 Companies Headquartered in LA County
Millions
Walt Disney Co. - $40,893 MM $45,000 $40,000
DirecTV - $27,226 MM $35,000
Occidental Petroleum - $24,216 MM
Revenues
$30,000 $25,000 $20,000 $15,000 $10,000
Edison International - $12,760 MM $5,000 $0 Walt Disney
Health Net - $11,901 MM
360 S. Alvarado St. Los Angeles, CA 90057
DirecTV
Occidental Petroleum
Edison International
Health Net
Company Names
Rosano Partners // Offering Memorandum 10
Sales Comparables
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 11
Sales Comparables / Overview 1
S
3
2
Price / SF
S
$505.27
1
$521.51
2
$408.61
3
$647.22
360 S. Alvarado St. Los Angeles, CA 90057
$525.78
S. No.
Address
Sale Price
Price / SF
S
360 S. Alvarado St.
$2,300,000
$505.27
1
1036 N. Highland Ave.
$2,425,000
$521.51
2
1901 - 1907 8th Ave.
$2,450,000
$408.61
3
1800 - 1810 W. Olympic Blvd.
$2,985,000
$647.22
Rosano Partners // Offering Memorandum 12
Sales Comparables / 01
360 S. Alvarado St. Los Angeles, CA 90057
1036 N. Highland Ave. Los Angeles, CA 90038
Closing Date
11/17/14
Building SF
4,650 SF
Lot SF
9,243 SF
Year Built
1927
Zoning
M2
Tenancy
Single
Sale Price
$2,425,000
Price/Building SF
$521.51
Price/ Lot SF
$262.35
Rosano Partners // Offering Memorandum 13
Sales Comparables / 02
360 S. Alvarado St. Los Angeles, CA 90057
1901 - 1907 8th Ave. Los Angeles, CA 90018
Closing Date
10/08/14
Building SF
5,996 SF
Lot SF
14,889 SF
Year Built
1984
Zoning
CM
Tenancy
Multi
Sale Price
$2,450,000
Price/Building SF
$408.61
Price/ Lot SF
$164.55
Rosano Partners // Offering Memorandum 14
Sales Comparables / 03
360 S. Alvarado St. Los Angeles, CA 90057
1800 - 1810 W. Olympic Blvd. Los Angeles, CA 90006
Closing Date
1/14/15
Building SF
4,612 SF
Lot SF
13,691 SF
Year Built
1980
Zoning
LAC4
Tenancy
Single
Sale Price
$2,985,000
Price/Building SF
$647.22
Price/ Lot SF
$218.03
Rosano Partners // Offering Memorandum 15
Financial Analysis
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 16
Financial Analysis / Setup Pricing Summary
Annualized Operating Data
Offering Price: Down Payment:
$2,300,000 $920,000
40%
Scheduled Gross Income: Vacant Space at Market Rent:
Current
Pro Forma
$114,000
$157,980
$38,400
$0
Current Cap:
5.03%
Expense Reimbursements:
$0
$0
Pro Forma Cap:
5.26%
Other income / Percentage Rent:
$0
$0
$152,400
$157,980
Price / Bldg sq/ft:
$505.27
Price / Land sq/ft:
$234.14
Deal Notes
Property Description Leasable Area (sq/ft):
4,552
Lot Size (sq/ft):
9,823
Year Built:
1984
Gross Potential Income: Vacancy Allowance:
($3,048)
2.0%
($3,160)
Effective Gross Income:
$149,352
$154,820
Less Expenses:
($33,750)
($33,750)
Net Operating Income:
$115,602
Less Loan Payments:
($83,907)
Cash Flow/CoC Return:
$31,695
First Yr Principal Reduction:
$22,263
Total Return Before Taxes:
$53,957
NOTES:
* As a percent of Effective Gross Income.
77.4%
$121,070
2.0%
78.2% *
($83,907) 3.45%
$37,163
4.04% **
$22,263 5.86%
$59,426
6.46% **
** As a percent of Down Payment.
Annualized Expenses Current Pro Forma
Financing
Taxes
1.25%
$28,750
$28,750
Insurance
$0.77
$3,500
$3,500
Utilities
$0.00
$0
$0
Landscaping
$0.00
$0
$0
Maintenance/Repairs
$0.33
$1,500
$1,500
Garbage
$0.00
$0
$0
Financial Summary:
Off-Site Management
$0.00
$0
$0
Please Contact Rosano Partners for more information at 213.802.0300
Total Expenses
$33,750
$33,750
$0.62
$0.62
Loan Amount:
$1,380,000
Terms (Years): Interest Rate:
30 4.50%
Monthly Payment: Yearly Payment:
($6,992) ($83,907)
Monthly/SF
360 S. Alvarado St. Los Angeles, CA 90057
This information has been secured from sources we believe to be reliable, however 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 all information.
Rosano Partners // Offering Memorandum 17
Financial Analysis / Rent Roll
Suite
Approx. Rentable Sq. Ft.
Tenants
360 A
Café Space
360 B
Happy Laundry
360 C Rico Asian Plates
TOTALS: Vacant Occupied
Lease Lease % of Commence Expiration Prop (Mo/Yr) (Mo/Yr)
Current Rent
Rent / SqFt
Current CAM
CAM/ SqFt
Market Proforma Rent*
Market Rent / SqFt
700
15%
$3,200
$4.57
NA
NA
$3,200
$4.57
2,952
65%
$6,000
$2.03
NA
NA
$6,360
$2.15
900
20%
$3,500
$3.89
NA
NA
$3,605
$4.01
4,552
100%
3/1/15
2/28/18
$12,700
$0
$13,165
0.0%
Total Monthly Rent:
$12,700
$13,165
100.0%
Total Annual Rent:
$152,400
$157,980
Current Dollar Vacancy:
$3,200
% Vacancy from Total Rent:
25.2%
*Pro Forma rent is 2015 rent
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 18
Financial Analysis / Business Sale Setup
Pricing Summary
Annualized Operating Data
Offering Price: Down Payment:
$1,000,000 10%
Current Cap:
$100,000
Current Gross Income:
$362,400
Gross Income:
$362,400
Gross Income:
$362,400
Less Expenses:
($205,302)
15.71%
Deal Notes
Property Description
Net Operating Income:
$157,098
Less Loan Payments:
($63,026)
Cash Flow/CoC Return:
$94,072
First Yr Principal Reduction:
$11,578
Total Return Before Taxes:
Total Leasable Area (sq/ft):
4,552
Business Premises Size (sq/ft):
2,952
Year Built:
1984
NOTES:
43.3%
94.07%
$105,650 105.65%
* As a percent of Effective Gross Income.
** As a percent of Down Payment.
Annualized Expenses Current
Financing Loan Amount: Terms (Years): Interest Rate:
$900,000 30
19.87%
$72,000
Water
13.84%
$50,166
Utilities (Gas and Electri
8.97%
$32,500
Phone and Cable
0.60%
$2,172
Maintenance/Repairs
3.33%
$12,060
Payroll
7.99%
$28,944
Financial Summary:
Insurance
0.97%
$3,500
Please Contact Rosano Partners for more information at 213.802.0300
Vending Machine
1.09%
$3,960
Monthly Payment: Yearly Payment:
5.75%
Rent
($5,252) ($63,026)
360 S. Alvarado St. Los Angeles, CA 90057
This information has been secured from sources we believe to be reliable, however 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 all information.
Rosano Partners // Offering Memorandum 19
Financial Analysis / Business Sale Rent Roll
Monthly Gross Income
Tenants Happy Laundry
$30,000
Arcade Machines
$200
TOTALS: Vacant Occupied
0
0%
$30,200
0.0%
Total Monthly Rent:
$30,200
100.0%
Total Annual Rent:
$362,400
Current Dollar Vacancy:
360 S. Alvarado St. Los Angeles, CA 90057
$0
Rosano Partners // Offering Memorandum 20
Demographics
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 21
Demographics / Traffic Count
S
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 22
Demographics / Market Comparison Report
Population Growth 9.00%
Household Growth 6.00%
8.47%
8.00% 5.00% 7.00%
4.88%
6.00%
4.00%
3.76%
5.04%
3.29%
5.00% 1 Mile
2.60%
County
4.00%
1 Mile
3.00%
County
3.24% 3.00%
2.00% 2.30%
2.00% 1.00% 1.00%
0.00%
0.00% 2010 - 2014
2014 - 2019
360 S. Alvarado St. Los Angeles, CA 90057
2010 - 2014
2014 - 2019
Rosano Partners // Offering Memorandum 23
Demographics / Market Comparison Report
2014 Med Household Inc
2014 Med Age 36.5
$60,000 $54,607
36 36
$50,000
35.5 35
$40,000
34.5 34
$30,000
$27,452
1 Mile
1 Mile
County 33.5
County
33
32.9
$20,000 32.5 32
$10,000
31.5 31
$0 1 Mile
County
360 S. Alvarado St. Los Angeles, CA 90057
1 Mile
County
Rosano Partners // Offering Memorandum 24
Demographics / Market Comparison Report
2014 Households by Household Income 50.00%
46.19%
45.00% 40.00% 35.00%
30.51%
30.00% 25.00%
24.20%
1 Mile
22.48%
20.00%
County
16.51% 12.49%
15.00%
12.00% 8.00%
10.00%
5.00%
5.00%
5.00% 1.00%
2.00%
6.05%
5.50% 1.22%
0.67%
0.00%
Offering Memorandum
Table Of Contents
Property Overview...................... 3 Location Overview .................... 5 Sales Comparables ................. 11 Financial Analysis .................... 16 Demographics ..........................21
Presented by: Rosano Partners Los Angeles Office 700 S. Flower St, Suite 2920 Los Angeles, CA 90017 www.RosanoPartners.com
The information contained in the Offering Memorandum is confidential, furnished solely for the purpose of a review by a prospective purchaser of the Property, and is not to be used for any other purpose or made available to any other person without the express written consent of the Seller or Advisor. Prospective purchasers should also conduct their own due diligence, including, but not limited to, engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property or used in the construction of maintenance of the building(s) at the Property.
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 2
Property Overview
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 3
Property Overview Property Overview / Financial Summary PRICE
$2,300,000 PRICE / SF
$505.27 PRICE / LOT SF
$234.14 YEAR BUILT
1984
CAP RATE // ACTUAL
5.03%
CAP RATE // PRO FORMA
5.26%
LEASABLE AREA
4,552 SF LOT SIZE
9,823 SF
Property Overview / Business Sale PRICE
$1,000,000 GROSS INCOME
$362,400 NOI
$157,098
CAP RATE // ACTUAL
15.71%
LEASABLE AREA
4,552 SF BUSINESS PREMISES
2,952 SF
Property Overview / Property Descriptions Rosano Partners is pleased to present a retail investment opportunity. The 4,552 SF strip center is situated on 9,823 SF lot. This center is exceptionally attractive with its 9 parking spaces. Subject property has outstanding traffic counts with 43,501 VPD on Alvarado Street not to mention the customers from neighboring National tenants Ross Dress for Less and Dollar Tree. The pole sign on the signalized corner delivers an even greater visibility for tenants on the East side of the center. The center is comprised of three spaces: Coin Laundry, Restaurant and Café Space. This offering includes the bulk sale transfer of the Coin Laundry business on site.
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 4
Location Overview
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 5
S.
Al
va
ra
do
St
.
Location Overview / Aerial
W. M
ary
lan
dS
t.
Location Overview / Location Descriptions Subject property is located on the NWC of Alvarado and Maryland. Situated one block north of 6th Street, there is no shortage of vehicle and foot traffic in the area. Tenants benefit from the high foot traffic and close proximity to St Vincent Medical Center. There is no doubt the density in the trade area is tremendously high, which works in favor of the center and its tenants. With the growing number of residents taking public transit, it will prove to be extremely beneficial to be located only two blocks from the Metro Red & Purple Line Westlake/MacArthur Park station.
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 6
Location Overview / Map
S
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 7
Location Overview / Map
S
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 8
Location Overview / LA County La County Facts / Population: 10,017,068 / / / / / /
• (~26% of California’s population) 4,057.88 Sq Mi Land Area 2,419.6 Persons/Sq Mi 29.5% Bachelors Degree or Higher 3,462,202 Housing Units 47.3% Homeownership Rate $56,241 Median Household Income
La County Industry Los Angeles is the largest major manufacturing center in the United States. / 500,000 Manufacturing Workers Los Angeles and Long Beach ports support international trade.
La County Demographics
African American American Indian Asian Native Hawaiian Hispanic or Latino White Alone Other
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 9
Location Overview / LA County Economy Top 5 Companies Headquartered in LA County
Millions
Walt Disney Co. - $40,893 MM $45,000 $40,000
DirecTV - $27,226 MM $35,000
Occidental Petroleum - $24,216 MM
Revenues
$30,000 $25,000 $20,000 $15,000 $10,000
Edison International - $12,760 MM $5,000 $0 Walt Disney
Health Net - $11,901 MM
360 S. Alvarado St. Los Angeles, CA 90057
DirecTV
Occidental Petroleum
Edison International
Health Net
Company Names
Rosano Partners // Offering Memorandum 10
Sales Comparables
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 11
Sales Comparables / Overview 1
S
3
2
Price / SF
S
$505.27
1
$521.51
2
$408.61
3
$647.22
360 S. Alvarado St. Los Angeles, CA 90057
$525.78
S. No.
Address
Sale Price
Price / SF
S
360 S. Alvarado St.
$2,300,000
$505.27
1
1036 N. Highland Ave.
$2,425,000
$521.51
2
1901 - 1907 8th Ave.
$2,450,000
$408.61
3
1800 - 1810 W. Olympic Blvd.
$2,985,000
$647.22
Rosano Partners // Offering Memorandum 12
Sales Comparables / 01
360 S. Alvarado St. Los Angeles, CA 90057
1036 N. Highland Ave. Los Angeles, CA 90038
Closing Date
11/17/14
Building SF
4,650 SF
Lot SF
9,243 SF
Year Built
1927
Zoning
M2
Tenancy
Single
Sale Price
$2,425,000
Price/Building SF
$521.51
Price/ Lot SF
$262.35
Rosano Partners // Offering Memorandum 13
Sales Comparables / 02
360 S. Alvarado St. Los Angeles, CA 90057
1901 - 1907 8th Ave. Los Angeles, CA 90018
Closing Date
10/08/14
Building SF
5,996 SF
Lot SF
14,889 SF
Year Built
1984
Zoning
CM
Tenancy
Multi
Sale Price
$2,450,000
Price/Building SF
$408.61
Price/ Lot SF
$164.55
Rosano Partners // Offering Memorandum 14
Sales Comparables / 03
360 S. Alvarado St. Los Angeles, CA 90057
1800 - 1810 W. Olympic Blvd. Los Angeles, CA 90006
Closing Date
1/14/15
Building SF
4,612 SF
Lot SF
13,691 SF
Year Built
1980
Zoning
LAC4
Tenancy
Single
Sale Price
$2,985,000
Price/Building SF
$647.22
Price/ Lot SF
$218.03
Rosano Partners // Offering Memorandum 15
Financial Analysis
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 16
Financial Analysis / Setup Pricing Summary
Annualized Operating Data
Offering Price: Down Payment:
$2,300,000 $920,000
40%
Scheduled Gross Income: Vacant Space at Market Rent:
Current
Pro Forma
$114,000
$157,980
$38,400
$0
Current Cap:
5.03%
Expense Reimbursements:
$0
$0
Pro Forma Cap:
5.26%
Other income / Percentage Rent:
$0
$0
$152,400
$157,980
Price / Bldg sq/ft:
$505.27
Price / Land sq/ft:
$234.14
Deal Notes
Property Description Leasable Area (sq/ft):
4,552
Lot Size (sq/ft):
9,823
Year Built:
1984
Gross Potential Income: Vacancy Allowance:
($3,048)
2.0%
($3,160)
Effective Gross Income:
$149,352
$154,820
Less Expenses:
($33,750)
($33,750)
Net Operating Income:
$115,602
Less Loan Payments:
($83,907)
Cash Flow/CoC Return:
$31,695
First Yr Principal Reduction:
$22,263
Total Return Before Taxes:
$53,957
NOTES:
* As a percent of Effective Gross Income.
77.4%
$121,070
2.0%
78.2% *
($83,907) 3.45%
$37,163
4.04% **
$22,263 5.86%
$59,426
6.46% **
** As a percent of Down Payment.
Annualized Expenses Current Pro Forma
Financing
Taxes
1.25%
$28,750
$28,750
Insurance
$0.77
$3,500
$3,500
Utilities
$0.00
$0
$0
Landscaping
$0.00
$0
$0
Maintenance/Repairs
$0.33
$1,500
$1,500
Garbage
$0.00
$0
$0
Financial Summary:
Off-Site Management
$0.00
$0
$0
Please Contact Rosano Partners for more information at 213.802.0300
Total Expenses
$33,750
$33,750
$0.62
$0.62
Loan Amount:
$1,380,000
Terms (Years): Interest Rate:
30 4.50%
Monthly Payment: Yearly Payment:
($6,992) ($83,907)
Monthly/SF
360 S. Alvarado St. Los Angeles, CA 90057
This information has been secured from sources we believe to be reliable, however 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 all information.
Rosano Partners // Offering Memorandum 17
Financial Analysis / Rent Roll
Suite
Approx. Rentable Sq. Ft.
Tenants
360 A
Café Space
360 B
Happy Laundry
360 C Rico Asian Plates
TOTALS: Vacant Occupied
Lease Lease % of Commence Expiration Prop (Mo/Yr) (Mo/Yr)
Current Rent
Rent / SqFt
Current CAM
CAM/ SqFt
Market Proforma Rent*
Market Rent / SqFt
700
15%
$3,200
$4.57
NA
NA
$3,200
$4.57
2,952
65%
$6,000
$2.03
NA
NA
$6,360
$2.15
900
20%
$3,500
$3.89
NA
NA
$3,605
$4.01
4,552
100%
3/1/15
2/28/18
$12,700
$0
$13,165
0.0%
Total Monthly Rent:
$12,700
$13,165
100.0%
Total Annual Rent:
$152,400
$157,980
Current Dollar Vacancy:
$3,200
% Vacancy from Total Rent:
25.2%
*Pro Forma rent is 2015 rent
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 18
Financial Analysis / Business Sale Setup
Pricing Summary
Annualized Operating Data
Offering Price: Down Payment:
$1,000,000 10%
Current Cap:
$100,000
Current Gross Income:
$362,400
Gross Income:
$362,400
Gross Income:
$362,400
Less Expenses:
($205,302)
15.71%
Deal Notes
Property Description
Net Operating Income:
$157,098
Less Loan Payments:
($63,026)
Cash Flow/CoC Return:
$94,072
First Yr Principal Reduction:
$11,578
Total Return Before Taxes:
Total Leasable Area (sq/ft):
4,552
Business Premises Size (sq/ft):
2,952
Year Built:
1984
NOTES:
43.3%
94.07%
$105,650 105.65%
* As a percent of Effective Gross Income.
** As a percent of Down Payment.
Annualized Expenses Current
Financing Loan Amount: Terms (Years): Interest Rate:
$900,000 30
19.87%
$72,000
Water
13.84%
$50,166
Utilities (Gas and Electri
8.97%
$32,500
Phone and Cable
0.60%
$2,172
Maintenance/Repairs
3.33%
$12,060
Payroll
7.99%
$28,944
Financial Summary:
Insurance
0.97%
$3,500
Please Contact Rosano Partners for more information at 213.802.0300
Vending Machine
1.09%
$3,960
Monthly Payment: Yearly Payment:
5.75%
Rent
($5,252) ($63,026)
360 S. Alvarado St. Los Angeles, CA 90057
This information has been secured from sources we believe to be reliable, however 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 all information.
Rosano Partners // Offering Memorandum 19
Financial Analysis / Business Sale Rent Roll
Monthly Gross Income
Tenants Happy Laundry
$30,000
Arcade Machines
$200
TOTALS: Vacant Occupied
0
0%
$30,200
0.0%
Total Monthly Rent:
$30,200
100.0%
Total Annual Rent:
$362,400
Current Dollar Vacancy:
360 S. Alvarado St. Los Angeles, CA 90057
$0
Rosano Partners // Offering Memorandum 20
Demographics
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 21
Demographics / Traffic Count
S
360 S. Alvarado St. Los Angeles, CA 90057
Rosano Partners // Offering Memorandum 22
Demographics / Market Comparison Report
Population Growth 9.00%
Household Growth 6.00%
8.47%
8.00% 5.00% 7.00%
4.88%
6.00%
4.00%
3.76%
5.04%
3.29%
5.00% 1 Mile
2.60%
County
4.00%
1 Mile
3.00%
County
3.24% 3.00%
2.00% 2.30%
2.00% 1.00% 1.00%
0.00%
0.00% 2010 - 2014
2014 - 2019
360 S. Alvarado St. Los Angeles, CA 90057
2010 - 2014
2014 - 2019
Rosano Partners // Offering Memorandum 23
Demographics / Market Comparison Report
2014 Med Household Inc
2014 Med Age 36.5
$60,000 $54,607
36 36
$50,000
35.5 35
$40,000
34.5 34
$30,000
$27,452
1 Mile
1 Mile
County 33.5
County
33
32.9
$20,000 32.5 32
$10,000
31.5 31
$0 1 Mile
County
360 S. Alvarado St. Los Angeles, CA 90057
1 Mile
County
Rosano Partners // Offering Memorandum 24
Demographics / Market Comparison Report
2014 Households by Household Income 50.00%
46.19%
45.00% 40.00% 35.00%
30.51%
30.00% 25.00%
24.20%
1 Mile
22.48%
20.00%
County
16.51% 12.49%
15.00%
12.00% 8.00%
10.00%
5.00%
5.00%
5.00% 1.00%
2.00%
6.05%
5.50% 1.22%
0.67%
0.00%
