OMAR TING

ADAM PETERSON

Senior Associate- Multi-Family, & Land Specialist
Phone: 818.760.1018 x247
Fax: 818.760.1038

Senior Associate
Phone: 818.760.1018 x230

Fax: 818.760.1038

Contact Omar Ting or Adam Peterson for complete information on any of the following opportunities or to be added or removed from this list

October 15, 2007 – October 29, 2007
Exclusive Listings
1101-1107 Waterloo Street Los Angeles, CA 90026

10 Units

1101-1105 ½ Waterloo Street – 7 Bungalow-Style Apartment Units
These seven units are arranged into three separate bungalow-style, single-story structures. The unit mix consists of six one-bedroom/one-bath
units, and one single (bedroom is combined with living space, but kitchen is a separate room). Renters are willing to pay a premium for
“bungalow-style” units (compare with 1+1 apartment units nearby) because of the privacy and convenience—each tenant is essentially renting
his/her own small home and is able to park directly in front of their unit. Each bungalow unit has either its own private front or back yard. All
seven units have separate front and rear entrances.
Bungalow Amenities: The tenants share a common laundry room at the rear of the property, which provides the landlord with approximately
$250 per month of income. The entire property is fully gated with two cast iron swinging gates providing vehicle access. As a potential future
upgrade, the buyer could motorize these gates to provide additional convenience for tenants. The only utility paid by the owner is water, which
keeps total operating expenses low. Additionally, the entire property boasts numerous mature cypress, palm, and other desirable trees.

1107 & 1107 ½ Waterloo Street – Large House & Small House
1107 Waterloo is a large 5-bedroom/2-bath house which operates as a duplex (but legally listed as a single unit). Downstairs is a 2-bed/1-bath
unit that has front and rear entrances, washer and dryer, kitchen, and a large private, gated front yard. Upstairs is a 3-bed/1-bath unit, which
also has its own washer and dryer, and kitchen. Access to this unit is from the stairs located at the rear of the house. Combined rent is $4,000
for the house.
1107 ½ Waterloo is a small, private 1-bed/1-bath house located in the rear of the property; the house has a kitchen and its own washer and
ST
dryer. $1,700,000 GET OFFER IN SOON, LIKELY TO GO UNDER CONTRACT LAST WEEK OF OCT, OR 1 WEEK OF NOV. 2007

249 East Vernon Avenue Los Angeles, CA 90011

26 Units

The Vernon is your bread-and-butter bricker (5.5% cash-on-cash return). It is comprised of twenty-one singles and five one-bedroom/onebathroom units for a total of twenty-six units. The property generates $150 per month of billboard revenue; as one of the main feeders onto the
110 Freeway, Vernon Avenue is one of the busiest streets in this area of Los Angeles. The roof is approximately five years old and the majority
of the plumbing remains galvanized. Approximately nine of the twenty-six units have been renovated; the current owner has turned the units as
they are vacated. The main entrance has also been re-tiled. The landlord enjoys low vacancy rates and is able to fill units quickly due to the
building’s high visibility on Vernon Ave.
The Vernon is offered at a current CAP rate of 6.56% and GRM of 8.41. The upside in rental income is approximately 21% (assuming $850
and $950 per month for the singles and 1+1’s respectively). Cash flow for the new buyer is 5.5% (assuming a 50% down payment and 6.5%
fixed APR amortized over 30 years).
Additionally, there is an extra-large basement with kitchen facilities (size of basement is roughly the same size as the first floor footprint) that is
currently unused. The basement can potentially be used as storage or rented on a per-day basis for birthday parties or gatherings. We have not
reflected this as potential rent on the setup page. $1,900,000

1155 West 27th Street Los Angeles, CA 90007

5 Units

North University Park Historic USC Student Housing Building located between Hoover and Magnolia. This five-unit building is comprised of one
4-unit building on the front (South) of the property, and one 1-unit building at the back (North). Each of the 4-units in the front house is 3bedrooms/1-bathroom. The rear unit is a 1-bedroom/1bathroom apartment. This property features 13 total bedrooms. Every unit has a living
room, dining room, kitchen, small laundry room, and separate front and rear entrances. The 1-bed/1-bath unit rests atop 4 garages used for
storage. There is a driveway leading to a paved lot behind the building allowing parking for 2 to 4 cars depending on the owner's preferred
configuration. $1,175,000 UNDER CONTRACT

OMAR TING

ADAM PETERSON

Contact Omar Ting or Adam Peterson for complete information on any of the following opportunities or to be added or removed from this list

October 15, 2007 – October 29, 2007
Recent Sales
Property Address
Downtown
269 S La Fayette Park Pl.
224 S Occidental Blvd.
625 Bixel St.
134 S. Bonnie Brae
313 S. Rampart Blvd.
274 S. La Fayette Park Pl.
438 S. Rampart Blvd.
227 S. Carondelet St.
229 S. Westlake Ave.
508 Union Dr.
Silverlake/ Echo Park
3455 La Clede Ave.
1519-1525 Griffith Park Bl.
1680 Griffith Park Blvd.
117 N. Toluca St.
4041 Baywood St.
1915 Santa Ynez St.
742 Maltman Ave.
1648 Edgecliffe Dr.
Koreatown
519 S Gramercy Pl.
1237 Magnolia Ave.
1617 S Hoover St.
708 S. Oxford Ave.
515 S. Hobart Ave.
128 S. Mariposa Ave.
823 S. Oxford Ave.
4851 Beverly Blvd.
423 S. Hoover Ave.
851 S. Kenmore Ave.
538 S. Normandie Ave.
532 N. Juanita Ave.
825 S. Ardmore Ave.
936 Elden Ave.
345 S. Alexandria Ave.
968 S. Harvard Blvd.
3051 Leeward Ave.
744 S. Catalina St.
711-721 S. Harvard Blvd.
3700 W. 1st St.
849 S. Harvard Blvd.
534 S. Oxford Ave.
240 S. Western Ave.
722 S. Ardmore Ave.
827 S. Wilton Pl.
450 S. Manhattan Pl.
120 S. Oxford Ave.
701 S. Hobart Blvd.
5044 Maplewood Ave.
130 N. Westmoreland Ave.
USC
1550 W. 22nd Pl.

Price

Year
Built

Units

Price/
Unit

$40,100,000
$720,000
$3,995,000
$2,075,000
$1,435,000
$18,027,000
$1,200,000
$1,650,000
$790,000
$1,457,000

n/a
1941
1928
1957
1923
1972
1922
1993
1926
1924

268
6
77
26
19
117
16
10
12
24

$149,627
$120,000
$51,883
$79,808
$75,526
$154,077
$75,000
$165,000
$65,833
$60,708

n/a
1(sng) 4(1+1) 1(2+1)
76(0+1) 1(1+1)
18(0+1) 8(1+1)
18(0+1) 1(1+1)
3(sng) 105(1+1) 9(2+2)
14(0+1) 2(1+1)
2(1+1) 6(2+2) 2(3+2)
12(1+1)
19(0+1) 5(1+1)

4.16%
6.05%
6.20%
n/a
7.40%
3.90%
n/a
3.50%
6.80%
5.40%

12.58
n/a
8.12
n/a
9.72
10.14
n/a
15.09
10.90
9.56

n/a
4,635
20,764
15,282
11,000
71,835
9,248
8,750
6,150
13,422

$180.81
$155.34
$192.40
$135.78
$130.45
$250.95
$129.76
$188.57
$128.46
$108.55

6/27/2007
6/28/2007
7/11/2007
7/19/2007
7/23/2007
8/8/2007
8/14/2007
8/22/2007
9/25/2007
10/11/2007

$950,000
$4,000,000
$1,700,000
$840,000
$860,000
$865,000
$1,334,750
$1,250,000

1964
1929
1920
1912
1963
1908
1962
1962

7
32
8
12
8
10
6
7

$135,714
$125,000
$212,500
$70,000
$107,500
$86,500
$222,458
$178,571

6(1+1) 1(2+1)
17(0+1) 15(1+1)
4(1+1) 4(2+2)
7(0+1) 5(1+1)
5(1+1) 3(2+1)
10(sng)
2(1+1) 4(2+1)
2(2+2) 5(2+1)

4.20%
n/a
5.90%
n/a
6.00%
n/a
5.00%
3.80%

15.73
n/a
n/a
n/a
n/a
n/a
12.22
14.98

4,986
27,584
6,164
6,702
5,500
5,001
6,548
4,862

$190.53
$145.01
$275.79
$125.34
$156.36
$172.97
$203.84
$257.10

6/6/2007
6/13/2007
6/13/2007
7/6/2007
7/31/2007
8/1/2007
8/28/2007
9/28/2007

$6,300,000
$1,280,000
$1,832,000
$2,700,000
$3,650,000
$2,875,000
$1,680,000
$1,055,000
$2,715,000
$2,399,000
$6,625,000
$1,690,000
$1,980,000
$850,000
$23,350,000
$665,000
$4,050,000
$3,750,000
$3,500,000
$1,000,000
$2,965,000
$3,066,000
$6,500,000
$7,200,000
$1,750,000
$1,500,000
$1,195,000
$4,700,000
$1,078,000
$2,200,000

1986
1965
1929
1964
1981
1964
n/a
1949
1964
1939
1941
1984
1989
1909
1989
1960
1926
1927
1964
1949
1988
1989
1925
1960
1986
1953
1957
1962
1961
1926

40
9
21
20
11
27
16
6
24
32
40
12
10
5
104
6
47
40
26
12
15
20
60
38
18
12
9
17
8
24

$157,500
$142,222
$87,238
$135,000
$331,818
$106,481
$105,000
$175,833
$113,125
$74,969
$165,625
$140,833
$198,000
$170,000
$224,519
$110,833
$86,170
$93,750
$134,615
$83,333
$197,667
$153,300
$108,333
$189,474
$97,222
$125,000
$132,778
$276,471
$134,750
$91,667

9(sng) 28(1+1) 3(2+2)
1(sng) 2(1+1) 5(2+1) 1(3+2)
20(sng) 1(2+1)
8(1+1) 12(2+1)
10(2+2) 1(3+4)
26(1+1) 1(2+2)
16(1+1)
2(1+1) 4(2+1)
6(0+1) 12(1+1) 6(2+1)
32(1+1)
40(sng)
4(1+1) 8(2+1)
4(1+1) 6(2+1)
5(1+1)
32(1+1) 72(2+2)
5(1+1) 1(2+1)
47(1+1)
40(1+1s & 1+0s)
26(0+0)
4(0+1) 8(1+1)
6(1+1) 9(2+2)
20(1+1)
57(0+0s & 0+1s) 3(1+1)
5(0+1) 27(1+1) 6(2+2)
18(1+1)
4(0+1) 7(1+1) 1(2+1)
7(1+1) 2(2+1)
2(1+1) 15(2+2)
6(1+1) 2(2+2)
12(0+1) 12(1+1)

n/a
6.90%
n/a
n/a
3.30%
4.70%
n/a
n/a
5.40%
6.90%
4.20%
n/a
n/a
n/a
3.90%
4.4%
n/a
n/a
3.90%
4.40%
n/a
4.90%
7.80%
n/a
n/a
5.30%
4.30%
n/a
n/a
7.50%

n/a
10.00
n/a
n/a
17.82
11.76
n/a
n/a
11.40
10.42
n/a
n/a
n/a
15.45
14.44
13.00
n/a
n/a
15.60
n/a
14.38
n/a
8.82
n/a
n/a
12.80
14.50
n/a
n/a
n/a

30,866
6,800
8,791
13,748
16.368
19,255
12,804
13,760
19,000
11,923
13,158
10,460
10,312
4,225
97,036
3,980
21,784
22,796
11,498
6,336
10,844
14,787
44,988
25,288
12,406
9,216
8,078
29,793
9,398
18,013

$204.11
$188.24
$208.39
$196.39
$223.00
$149.31
$131.21
$76.67
$142.89
$201.21
$503.50
$161.57
$192.01
$201.18
$240.63
$167.09
$185.92
$164.50
$304.40
$157.83
$273.42
$207.34
$144.48
$284.72
$141.06
$162.76
$147.93
$157.76
$114.71
$122.13

6/4/2007
6/14/2007
6/14/2007
6/15/2007
6/21/2007
7/3/2007
7/9/2007
7/16/2007
7/17/2007
7/24/2007
7/25/2007
7/31/2007
8/8/2007
8/16/2007
8/16/2007
8/17/2007
8/22/2007
8/22/2007
8/23/2007
8/24/2007
8/28/2007
9/5/2007
9/13/2007
9/14/2007
9/19/2007
9/19/2007
9/21/2007
9/24/2007
9/28/2007
10/4/2007

6

$84,500

n/a

5.60%

14.70

2,453

$206.69

7/27/2007

$507,000 1922

Unit Mix

CAP
Price/
Rate GRM Sq. Ft. Sq. Ft.

COE

OMAR TING

ADAM PETERSON

Contact Omar Ting or Adam Peterson for complete information on any of the following opportunities or to be added or removed from this list

October 15, 2007 – October 29, 2007
Available Properties
Property Address
Downtown
1454 W. 3rd St.
309 S. Westlake Ave.
406 S. Coronado St.
508 S. Park View
366 S. Columbia Ave.
241 Westlake Ave.
211 S. Carondelet St.
1331 Albany St.
520 S. Rampart Blvd.
1545-1559 W. 12th St.
428 Witmer St.
1318 Maryland St.
119 S. Bonnie Brae
1114 West 18th St.
1416 W. Olympic Blvd.
Silverlake/ Echo Park
1433 Miramar St.
2017 Bellevue Ave.
280 Witmer St.
974 W. Kensington Rd.
3324 Bellevue Ave.
250 Witmer St.
811 Kodak Dr.
1133 Logan St.
737 Silver Lake Blvd.
1250 N. Kingsley Dr.
836 N. Lafayette Pk.
2723 W. Sunset Blvd.
1000-1006 N. Coronado St.
Koreatown
4367 Oakwood Ave.
3950 W. 8th St.
845 S. Normandie
838-844 S. Wilton Pl.
205 N. Kenmore Ave.
325 N. Alexandria Ave.
700 S. Irolo St.
750 Irolo St.
512 N. Heliotrope Dr.
941 S. Kenmore Ave.
2853 Francis Ave.
149 S. Westmoreland Ave.
563 N. Heliotrope Dr
451 N. Western Ave.
1317 Fedora St.
511 S. Alexandria Ave.
956 Elden Ave.
3715 W. 1st St.
353 S. Kenmore Ave.
443 S. Wilton Pl.
138 S. Westmoreland Ave.
135 S. Westmoreland Ave.
3049 W. 8th St.
150 S. Westmoreland Ave.
838 S. Kenmore Ave.
341 S. Gramercy Pl.
428 S. Mariposa Ave.
527 S. Hobart Blvd.
724 S. Berendo St.
2820 W. 8th St.
USC
1187-1199 W. 37th Dr.
2131 Oak St.
311 W. 33rd St.
2621 Juliet St.

Year
Price Built Units $/ Unit

Unit Mix

CAP
$/ Sq.
Rate GRM Sq. Ft. Ft.

Notes

$2,250,000
$2,250,000
$1,289,000
$1,295,000
$915,000
$950,000
$800,000
$1,400,000
$920,000
$1,398,000
$810,000
$2,250,000
$1,480,000
$1,300,000
$1,500,000

1922
1924
1922
1922
1958
1955
1925
1924
1922
1920
1949
1913
1925
1965
1908

27
30
13
18
9
8
6
20
8
8
8
30
16
10
24

$83,333
24(sng) 3(1+1)
$75,000
30(sng)
$99,153
12(sng) 1(bch)
$71,944
2(1+1) 16(sng)
$101,667
8(1+1) 1(sng)
$118,750
7(1+1) 1(2+1)
$133,333
4(1+1) 2(2+1)
$70,000
20(sng)
$115,000 1(stu) 3(1+1) 1(1+2) 3(2+1)
$174,750
n/a
$101,250
8(1+1)
$75,000
n/a
$92,500
8(1+1) 8(sng)
$130,000
6(1+1) 3(2+1) 1(3+1)
$62,500
21(stu) 3(1+1)

5.30%
6.42%
6.90%
5.14%
5.20%
6.00%
4.00%
5.70%
n/a
n/a
4.00%
6.25%
5.58%
4.78%
n/a

10.64
8.61
n/a
10.13
12.60
11.40
15.08
9.84
12.03
n/a
14.60
n/a
n/a
n/a
12.05

13,440
17,598
6,250
11,659
5,608
5,586
5,410
9,088
7,866
3,744
4,928
17,424
10,182
7,176
11,542

$167.41Separately Metered, Refurb. Roof
$127.86Master Metered Gas & Electricity, Laundry
$206.24Plumbing & Electrical Upgrades
$111,07Plenty of Upside, Convenient Location
$163.16Good Upside
$170.06Separately Metered, Laundry
$147.87Separately Metered, Common Area
$154.05High Area Demand for Singles
$116.96Good Location, Some Renovation
$373.40New Paint and Landscaping
$164.37Parking for 8, Upside
$129.13New Water Heater and Roof
$145.35Gated Entry, Laundry, Small Backyard
$181.16On-Site Parking, Freeway Access
$129.96Sub-Market Rents, Commercial Zoning

$1,995,000
$869,000
$1,725,000
$1,200,000
$1,925,000
$1,350,000
$1,995,000
$895,000
$575,000
$3,350,000
$1,700,000
$2,895,000
$1,795,000

1949
1902
1923
1961
1928
1938
1926
1924
1965
1960
1920
1916
1919

24
5
23
10
6
10
14
5
5
20
5
18
7

$83,125
$173,800
$75,000
$120,000
$320,833
$135,000
$142,500
$179,000
$115,000
$167,500
$340,000
$160,833
$257,000

6.70%
n/a
6.08%
4.96%
5.23%
4.40%
7.80%
n/a
5.12%
5.90%
n/a
7.11%
5.00%

10.60
n/a
9.72
n/a
n/a
16.07
10.00
n/a
11.43
n/a
n/a
10.22
13.38

10,584
3,482
11,100
5,484
5,244
6,876
6,373
2,880
3,548
17,678
5,700
15,042
7,250

$188,49Corner Lot 13,000 Sq. Ft.
$249.57One Vacant Unit
$155.41100% Occupied, Assumable Loan
$218.81Separately Metered, Upside Potential
$367.09Fully Remodeled, New Appliances
$196.34Parking, Upside, Separately Metered
$313.04Parking, Separately Metered, Views
$310.76Central Echo Park, Just North of Park
$162.06Separately Metered, Copper Plumbing
$189.50Entitled for Condo Conversion
$298.25Detached 2+1 Single Family Home
$192.46Upgraded Units, Just Reduced
$248.14Architectural Remodel

$1,399,995
$3,095,000
$1,599,000
$3,190,000
$3,050,000
$898,500
$5,400,000
$1,150,000
$940,000
$1,750,000
$1,500,000
$850,000
$1,700,000
$3,500,000
$2,175,000
$2,800,000
$2,099,000
$5,130,000
$2,550,000
$4,990,000
$2,999,000
$1,099,000
$7,400,000
$980,000
$5,690,000
$2,999,995
$2,140,000
$5,595,000
$3,875,000
$2,395,000

1928
1926
1921
1963
1925
1927
1962
1951
1963
1923
1931
1926
1923
1924
1925
1955
1963
1926
1925
1957
1926
1926
1926
1925
1990
1929
1921
1930
1992
1924

26
35
20
20
31
7
30
9
7
24
17
8
20
32
30
15
14
55
10
24
33
13
143
6
25
12
6
50
18
31

$53,846
7 (1+1) 19(sng)
$88,429
24(sng) 11(1+1)
$79,950
19(sng) 1(1+1)
$159,500
n/a
$98,387
31(sng)
$128,357
n/a
$180,000
13(1+1) 17(2+2)
$127,778
2(sng) 7(1+1)
$134,286
4(1+1) 3(2+1)
$72,916
24(sng)
$88,235
n/a
$106,250
2(1+1) 6(2+1)
$85,000
19(sng) 1(1+1)
$109,375
24(stu) 8(retail)
$72,500
30(sng)
$186,667
7(sng) 8(1+1)
$146,928
8(1+1) 6(2+2)
$93,272
1(bchl) 34(sng) 20(1+1)
$255,000
4(sng) 4(1+1) 2(3+2)
$207,917
4(2+2) 20(1+1)
$90,879
33(1+1)
$84,538
n/a
$51,748129(bchl) 6(1+1) 1(2+1) 1(3+2)
$163,333
4(3+1) 2(stu)
$227,600
6(1+1) 12(2+2)
$250,000
12(2+1)
$356,667
6(3+2)
$111,900
6(bchl) 35(sng) 9(1+1)
$215,278
3(sng) 6(1+1) 9(2+2)
$77,258
13(sng) 18(1+1)

6.66%
5.20%
5.40%
4.00%
5.30%
5.68%
6.15%
5.43%
4.16%
5.21%
6.57%
5.24%
5.20%
6.03%
6.32%
3.32%
5.04%
5.21%
n/a
n/a
n/a
8.00%
5.96%
n/a
5.00%
5.87%
5.00%
6.05%
n/a
6.12%

9.76
n/a
10.40
15.42
11.10
11.64
11.21
11.57
13.94
9.28
10.40
n/a
10.41
9.98
9.00
n/a
n/a
10.09
n/a
15.40
10.25
14.00
7.54
n/a
13.90
14.49
10.79
11.44
13.00
9.60

13,952
23,400
9,365
17,760
15,408
4,556
30,020
5,927
6,566
13,800
10,158
8,458
9,632
19,280
15,060
9,445
13,924
40,183
13,533
19,384
18,604
7,776
47,848
6,158
20,457
15,739
11,100
32,501
14,250
13,431

$100.34 2 Non-Conforming, Laundry
$132.26 Secured, Brick Construction, Laundry
$170.74Well-Maintained, Separately Metered
$179.62 30% Upside
$197.95 Separately Metered Electricity, New Roof
$197.21 Spanish Courtyard/ Bungalows
$179.88 Subter. Parking, Pool, Elevator, Upgrades
$194.03 Parking for 7, Well-Maintained
$143.16Copper Plumbing, Well-Maintained
$126.81Laundry, Separately Metered for Gas Only
$147.67Building Bolted, Separately Metered
$100.50Separately Metered, Wood/Stucco
$176.50New Roof, Separately Metered
$181.54Original Period Interiors, Mixed Use
$144.42Upside, Laundry, Singles Demanded Area
$296.4511,630 Sq.Ft. Lot
$150.75Fenced Property, Upside Potential
$127.67Good Upside & Unit Mix, Low Vacancy
$188.43Corner Lot, R4 Zoning
$257.43Near Hancock Park, R3 Zoning
$161.20Upgraded Units
$141.33Upside, Low Price Per Unit
$154.665-Story Brick, Six Commercial Storefronts
$170.51Large Units, Individually Metered
$278.14Built in 1990, Balconies
$190.61100% Leased, Roof Solar Panels
$192.79Luxury Building w/ Parking
$172.15Subterranean Parking
$271.93Built in 1992
$182.41Remodeled Stucco Building

$1,000,000
$1,999,000
$1,100,000
$699,000

1921
1924
1922
1906

8
6
12
5

$125,000
$333,167
$91,667
$139,800

n/a
6.00%
5.10%
6.71%

n/a
12.59
11.60
9.86

3,358
5,834
7,104
3,958

$297.80Bungalows, Separately Metered, Parking
$342.65Near Student Tram, Secured, Parking
$154.842 Blocks from Campus
$189.49Separately Metered

6(1+1) 18(sng)
n/a
1(2+1) 22(0+1)
10(1+1)
4(1+1) 2(2+1)
n/a
12(0+1) 1(1+1) 1(2+1)
1(3+2) 4(sng)
4(1+1) 1(2+1)
13(1+1) 7(2+2)
3(2+1) 2(1+1)
10(1+1) 6(stu) 2(2+1)
2(SFR) 4(1+1) 1(2+1)

8(1+1)
1(5+2) 1(4+2) 4(3+1)
12(1+1)
1(1,2,3,4,5 + 1)