SARA’S APARTMENTS240 West 7th Street
Long Beach, CA 90813
MULTI-FAMILY INVESTMENTS
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793
INVESTMENT SUMMARY
SARA’S APARTMENTS240 West 7th StreetLong Beach, CA 90813
Fo r m o re i n fo r m at i o n p l e a s e c o n t a c t :
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
George BustamanteVice President
Mobile: (714) 856-7017Email: [email protected]
BRE# 01484265
S a l e P r i c e : $ 3 , 2 0 0,0 0 0S a l e P r i c e /S F: $ 2 0 4 .4 7S a l e P r i c e / U n i t : $ 11 0, 3 4 5R e n t a b l e S F: 1 5 ,6 9 0 S F Lo t S i ze S F: 1 5 ,0 0 2 S FU n i t s : 2 9F l o o r s : 2G a ra g e s : 1 4C a p R at e : 1 .4 5 %I R R : 9 .1 4%G ro s s R e n t M u l t i p l y e r : 1 4 . 7Ye a r B u i l t : 1 9 5 7A P N : 7 2 7 2 - 0 2 1 - 0 0 3
Sara’s Apartment property is a 29 unit apartment community located in the bike friendly area of Downtown Long Beach. This asset offers investors the unique opportunity to acquire an investment property with a guaranteed cash flow for 7 years with a potential “master-lease” in place and long term upside in appreciation value. Long Beach is a non-rent controlled market. The property was originally constructed in 1957 and features 19 (Studio) and ten (1 Bedroom) units, encompassing a gross building area of 15,650 square feet. The building features controlled-access entry, on-site laundry and attached covered parking garages for 14 units.
The Subject Property is located at 240 E. 7th Street in the downtown neighborhood of Long Beach. Situated less than 7 blocks from Ocean Boulevard, The Pike Outlet Marketplace, and a mile from the ocean, just 6 blocks from the major retailers and restaurants along Pine Avenue.
As of 2/7/17
Becky Blair, CCIMPresident & Principal
Mobile: (562) 301-4515 Email: [email protected]
BRE# 00630793
7th St.
6th St.
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PARCEL MAP & AERIAL240 WEST 7TH STREET
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
As of 2/7/17
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793
240 WEST 7TH STREET - DEMOGRAPHICS
1 Mile 3 Miles 5 Miles
Popula t ion 60,570 241,501 430,697
Popula t ion growth 0.74% 0.72% 0.62%
# of Households 22,461 85,551 149,967
Average Household Income $53,653 $62,289 $74,647
Median Age 31.9 32.4 33.6
Demographic and Income Profile1347 E 3rd St, Long Beach, California, 90802 2 Prepared by Esri1347 E 3rd St, Long Beach, California, 90802 Latitude: 33.76992Ring: 1 mile radius Longitude: -118.17442
Summary Census 2010 2015 2020Population 67,767 69,327 71,171Households 28,035 28,691 29,529Families 12,547 12,902 13,327Average Household Size 2.37 2.37 2.36Owner Occupied Housing Units 5,631 5,291 5,347Renter Occupied Housing Units 22,404 23,400 24,182Median Age 32.2 33.4 34.1
Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 0.53% 0.73% 0.75%Households 0.58% 0.74% 0.77%Families 0.65% 0.76% 0.69%Owner HHs 0.21% 0.61% 0.70%Median Household Income 2.70% 3.36% 2.66%
2015 2020 Households by Income Number Percent Number Percent
<$15,000 5,888 20.5% 5,857 19.8%$15,000 - $24,999 3,605 12.6% 2,822 9.6%$25,000 - $34,999 3,599 12.5% 3,136 10.6%$35,000 - $49,999 4,556 15.9% 4,535 15.4%$50,000 - $74,999 4,421 15.4% 4,738 16.0%$75,000 - $99,999 2,817 9.8% 3,856 13.1%$100,000 - $149,999 2,215 7.7% 2,603 8.8%$150,000 - $199,999 1,008 3.5% 1,233 4.2%$200,000+ 582 2.0% 748 2.5%
Median Household Income $38,162 $43,596Average Household Income $53,989 $62,028Per Capita Income $22,667 $26,028
Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent
0 - 4 4,577 6.8% 4,599 6.6% 4,841 6.8%5 - 9 3,964 5.8% 4,054 5.8% 4,051 5.7%10 - 14 3,978 5.9% 3,651 5.3% 3,650 5.1%15 - 19 4,670 6.9% 4,142 6.0% 3,477 4.9%20 - 24 6,311 9.3% 6,489 9.4% 5,851 8.2%25 - 34 13,998 20.7% 13,935 20.1% 14,986 21.1%35 - 44 10,629 15.7% 10,530 15.2% 11,038 15.5%45 - 54 8,949 13.2% 9,318 13.4% 8,919 12.5%55 - 64 5,908 8.7% 6,700 9.7% 7,427 10.4%65 - 74 2,788 4.1% 3,764 5.4% 4,448 6.2%75 - 84 1,336 2.0% 1,505 2.2% 1,829 2.6%
85+ 659 1.0% 640 0.9% 654 0.9%Census 2010 2015 2020
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 30,856 45.5% 30,844 44.5% 31,267 43.9%Black Alone 9,767 14.4% 9,693 14.0% 9,577 13.5%American Indian Alone 686 1.0% 712 1.0% 732 1.0%Asian Alone 7,456 11.0% 7,904 11.4% 8,453 11.9%Pacific Islander Alone 344 0.5% 358 0.5% 370 0.5%Some Other Race Alone 14,960 22.1% 15,831 22.8% 16,566 23.3%Two or More Races 3,698 5.5% 3,984 5.7% 4,205 5.9%
Hispanic Origin (Any Race) 30,550 45.1% 32,263 46.5% 34,189 48.0%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.
April 05, 2016
©2015 Esri Page 1 of 6
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
7th Street
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As of 2/7/17
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
SARA’S APARTMENTS240 West 7th StreetLong Beach, CA 90813
Local DescriptionDowntown Long Beach has a relatively compact geographic footprint located atop a bluff overlooking the Pacific Ocean. It is also home to the Port of Long Beach that provides 326,000 jobs regionally and along with the neighboring LA Port brings in 40% of all of the imports for the U.S.
In 2013, the city of Long Beach implemented a Downtown Plan. The plan provided for higher residential and mixed use density, relaxed parking requirements, height incentive areas, and adaptive re-use incentives. Today, three years after the Downtown Plan became a reality major changes have occurred. The city has a new county courthouse, the first P3 project for a Courthouse in the United States. Development and reuse of existing buildings are taking place on almost every major corridor within the downtown boundaries and recently the City announced its newest project, a new Civic Center and new Library. For further information, see the City of Long Beach Downtown Plan.
City of Long BeachAs a Pacific Rim City, Long Beach has many influences economically and culturally. Long Beach has a population of 460,000 people within a 50 square mile radius. The Long Beach Blue l ine offers public transportation from Long Beach to downtown Los Angeles. The city is also home to Jet Blue airl ines offering daily fl ights to New York, Seattle and other popular destinations. Long Beach offers higher education through its two junior college campuses and California State University Long Beach with over 37,000 students enrolled. Downtown is the heart of the city with all of its famous restaurants, and a growing population of residents who to l ive in a walkable and bike friendly area with shopping, entertainment, f ine dining, and special events all within walking distance to quality housing.
As of 2/7/17
As of 1/26/17
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793
710
The Pike Outlet Marketplace
Anaheim Station
6th StreetStation
City Place shopping Center 6th Street & Long Beach Blvd. Retail
Long Beach Blvd Retail Corridor
6th Street
7th Street
Subject Property
6th
Str
eet
Cedar Avenue7th Street
710
240 West 7th Streetlong beach, CA 90813
LOCAL FREEWAY ACCESS240 WEST 7TH STREET
As of 2/7/17
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793
110 91
405
710
RIVERSIDECOUNTY
SAN BERNARDINOCOUNTY
LOS ANGELES COUNTY
VENTURACOUNTY
COUNTYSAN LUIS OBISPO
COUNTYSANTA BARBARA
ORANGECOUNTY
SAN DIEGOCOUNTY
WESTSIDE
Los
Ange
les
Rive
r
Los Angeles River
PACIFIC OCEAN
CRENSHAW/
PURPLE LINE EXTENSION
REGIONAL CONNECTOR
LAX LINE
LAX
Little To
kyo/
Little To
kyo/
Arts Dist
Burbank/B
ob Hope
Airport
Van Nuys
Northrid
ge
Simi V
alley
Moorpark
Camarillo
Oxnard
Ventura - East
Sun Valley
Sylmar/San Fernando
Newhall
Santa Clarita
Via Princessa
Vincent Grade/Acton
Palmdale
Lancaster
Antelope Valley Line
Amtrak Pacific Surfliner
San Bernardino Line
Riverside Line
91/Perris Valley Line
Inland Empire -Orange County Line
Ventura County Line
Amtrak Pacific Surfliner
Orange County Line
Inland Empire -Orange County Line
Ventura
Carpinteria
Santa Barbara
Goleta
Surf
Guadalupe
Grover Beach
San Luis Obispo
Burbank - Downtown
Glendale
El Monte
Baldwin Park
CovinaPomona - N
orth
Claremont
Montclair
Upland
Rancho Cuca
monga
Fontana
RialtoSan Bern
ardino
Industry
Pomona - Downtown
Ontario - E
ast
Jurupa Valle
y/Pedley
Commerce
Norwalk/Santa Fe Springs
Buena Park
Corona - North Main
Riverside - Downtown
Riverside - Hunter Park/UCR
Moreno Valley/March Field
Perris - Downtown
Perris - South
Anaheim Canyon
Riverside - La Sierra
Corona - West
Fullerton
Anaheim
Orange
Santa Ana
Irvine
San Juan Capistrano
San Clemente
San Clemente Pier
Oceanside
Carlsbad
Tustin
Laguna Niguel/Mission Viejo
Encinita
s
Solana Beach
Sorrento Valle
y
Old Town
San Diego
BUR
Montebello/Commerce
Universal C
ity/Studio City
Hollywood/V
ine
Hollywood/H
ighland
Universal C
ity/Studio City
Balboa
Canoga
De Soto
Pierce Colle
ge
Tampa
Reseda
Civic Ctr/
Civic Ctr/
Civic Ctr/
Civic Ctr/
GrandGrandGrandGrand
ParkParkParkPark
Westlake/M
acArthur P
ark
Warner Ctr
Roscoe
Pico/Alis
o
Mariach
i Plaza
Long Beach Bl
Artesia
Del Amo
Civic Ctr/
GrandPark
Allen
LakeSierra
Madre Villa
Arcadia
Monrovia
Duarte/City
of Hope
Irwindale
Azusa Downtown
APU/Citrus Colle
ge
Lincoln/Cypress
Heritage Sq
Southwest Museum
Highland Park
Fillmore
Del Mar
Memorial Park
South Pasadena
Westlake/M
acArthur P
ark
Wilshire
/Vermont
Pershing
Chinatown
Union Station
Chinatown
Square
7th St/Metro CtrPico
LATTC/OrthoInstitute
Jefferson/U
SC
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 MonicaHolly
wood/Western
Hollywood/V
ine
Hollywood/H
ighlandNorth
Hollywood
Balboa
Woodley
Sepulveda
Van Nuys
Sepulveda
Van Nuys
Woodman
Valley Colle
ge
Laurel Canyo
n
Canoga
De Soto
Pierce Colle
ge
Tampa
Reseda
Vermont/B
everly
Vermont/S
anta Monica
Vermont/S
unset
Vermont/S
unset
Amtrak & Metrolink
Soto
Indiana
Maravilla
East LA Civic C
tr
Atlantic
El Monte
Cal State LA
LAC+USC Medica
l Ctr
Pico/Alis
o
Mariach
i Plaza
Wilshire
/
Normandie
Wilshire
/Western
ExpoPark
/USC
Expo/Vermont
Expo/Western
Expo/Crenshaw
Farmdale
Expo/La Brea
La Cienega/Jefferson
Culver C
ity
Palms
Westwood/R
ancho Park
Expo/Sepulveda
Expo/Bundy
26th St/Bergamot
Expo/Sepulveda
Expo/Bundy
26th St/Bergamot
17th St/S
MC
Downtown Santa Monica
Mariposa
El Segundo
Douglas
Redondo Beach
37th St/USC
Rosecrans
Harbor
Carson
Pacific CoastHwy
GatewayTransit Ctr
Long Beach Bl
AvalonVerm
ont/
AthensCrenshaw
Hawthorne/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
Metro & Regional Railmetro.net
amtrak.commetrolinktrains.com
17-0
898
©20
16 L
ACM
TA
Antelope Valley Line
San Bernardino Line
Riverside Line
91/Perris Valley Line
Ventura County Line
Amtrak Pacific Surfliner
Orange County Line
Inland Empire -Orange County Line
Regional Rail
amtrak.com
metrolinktrains.com
Airport Shuttle
Rail Station
StationTransfer
RegionalRailStation
Busway
Station
UNDERCONSTRUCTION
Busway StreetService
Amtrak
Metrolink
LAX FlyAwaylawa.org/flyaway
LAX Shuttle (free)lawa.org
North Hollywood to Union StationRed Line
Metro Rail
Wilshire/Western to Union StationPurple Line
Blue Line
Expo Line
Orange Line
Metro Busway
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 MonteStreet Service in Downtown LAand San Pedro
MAY 2016 Subject to ChangeNOV 2016 Subject to Change
RIVERSIDECOUNTY
SAN BERNARDINOCOUNTY
LOS ANGELES COUNTY
VENTURACOUNTY
COUNTYSAN LUIS OBISPO
COUNTYSANTA BARBARA
ORANGECOUNTY
SAN DIEGOCOUNTY
WESTSIDE
Los
Ange
les
Rive
r
Los Angeles River
PACIFIC OCEAN
CRENSHAW/
PURPLE LINE EXTENSION
REGIONAL CONNECTOR
LAX LINE
LAX
Little To
kyo/
Little To
kyo/
Arts Dist
Burbank/B
ob Hope
Airport
Van Nuys
Northrid
ge
Simi V
alley
Moorpark
Camarillo
Oxnard
Ventura - East
Sun Valley
Sylmar/San Fernando
Newhall
Santa Clarita
Via Princessa
Vincent Grade/Acton
Palmdale
Lancaster
Antelope Valley Line
Amtrak Pacific Surfliner
San Bernardino Line
Riverside Line
91/Perris Valley Line
Inland Empire -Orange County Line
Ventura County Line
Amtrak Pacific Surfliner
Orange County Line
Inland Empire -Orange County Line
Ventura
Carpinteria
Santa Barbara
Goleta
Surf
Guadalupe
Grover Beach
San Luis Obispo
Burbank - Downtown
Glendale
El Monte
Baldwin Park
CovinaPomona - N
orth
Claremont
Montclair
Upland
Rancho Cuca
monga
Fontana
RialtoSan Bern
ardino
Industry
Pomona - Downtown
Ontario - E
ast
Jurupa Valle
y/Pedley
Commerce
Norwalk/Santa Fe Springs
Buena Park
Corona - North Main
Riverside - Downtown
Riverside - Hunter Park/UCR
Moreno Valley/March Field
Perris - Downtown
Perris - South
Anaheim Canyon
Riverside - La Sierra
Corona - West
Fullerton
Anaheim
Orange
Santa Ana
Irvine
San Juan Capistrano
San Clemente
San Clemente Pier
Oceanside
Carlsbad
Tustin
Laguna Niguel/Mission Viejo
Encinita
s
Solana Beach
Sorrento Valle
y
Old Town
San Diego
BUR
Montebello/Commerce
Universal C
ity/Studio City
Hollywood/V
ine
Hollywood/H
ighland
Universal C
ity/Studio City
Balboa
Canoga
De Soto
Pierce Colle
ge
Tampa
Reseda
Civic Ctr/
Civic Ctr/
Civic Ctr/
Civic Ctr/
GrandGrandGrandGrand
ParkParkParkPark
Westlake/M
acArthur P
ark
Warner Ctr
Roscoe
Pico/Alis
o
Mariach
i Plaza
Long Beach Bl
Artesia
Del Amo
Civic Ctr/
GrandPark
Allen
LakeSierra
Madre Villa
Arcadia
Monrovia
Duarte/City
of Hope
Irwindale
Azusa Downtown
APU/Citrus Colle
ge
Lincoln/Cypress
Heritage Sq
Southwest Museum
Highland Park
Fillmore
Del Mar
Memorial Park
South Pasadena
Westlake/M
acArthur P
ark
Wilshire
/Vermont
Pershing
Chinatown
Union Station
Chinatown
Square
7th St/Metro CtrPico
LATTC/OrthoInstitute
Jefferson/U
SC
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 MonicaHolly
wood/Western
Hollywood/V
ine
Hollywood/H
ighlandNorth
Hollywood
Balboa
Woodley
Sepulveda
Van Nuys
Sepulveda
Van Nuys
Woodman
Valley Colle
ge
Laurel Canyo
n
Canoga
De Soto
Pierce Colle
ge
Tampa
Reseda
Vermont/B
everly
Vermont/S
anta Monica
Vermont/S
unset
Vermont/S
unset
Amtrak & Metrolink
Soto
Indiana
Maravilla
East LA Civic C
tr
Atlantic
El Monte
Cal State LA
LAC+USC Medica
l Ctr
Pico/Alis
o
Mariach
i Plaza
Wilshire
/
Normandie
Wilshire
/Western
ExpoPark
/USC
Expo/Vermont
Expo/Western
Expo/Crenshaw
Farmdale
Expo/La Brea
La Cienega/Jefferson
Culver C
ity
Palms
Westwood/R
ancho Park
Expo/Sepulveda
Expo/Bundy
26th St/Bergamot
Expo/Sepulveda
Expo/Bundy
26th St/Bergamot
17th St/S
MC
Downtown Santa Monica
Mariposa
El Segundo
Douglas
Redondo Beach
37th St/USC
Rosecrans
Harbor
Carson
Pacific CoastHwy
GatewayTransit Ctr
Long Beach Bl
AvalonVerm
ont/
AthensCrenshaw
Hawthorne/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
Metro & Regional Railmetro.net
amtrak.commetrolinktrains.com
17-0
898
©20
16 L
ACM
TA
Antelope Valley Line
San Bernardino Line
Riverside Line
91/Perris Valley Line
Ventura County Line
Amtrak Pacific Surfliner
Orange County Line
Inland Empire -Orange County Line
Regional Rail
amtrak.com
metrolinktrains.com
Airport Shuttle
Rail Station
StationTransfer
RegionalRailStation
Busway
Station
UNDERCONSTRUCTION
Busway StreetService
Amtrak
Metrolink
LAX FlyAwaylawa.org/flyaway
LAX Shuttle (free)lawa.org
North Hollywood to Union StationRed Line
Metro Rail
Wilshire/Western to Union StationPurple Line
Blue Line
Expo Line
Orange Line
Metro Busway
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 MonteStreet Service in Downtown LAand San Pedro
MAY 2016 Subject to ChangeNOV 2016 Subject to Change
METRO RAIL TRANSPORATION240 WEST 7TH STREET
Metro Blue Line
Sara’s Apartments is within walking distance to the 5th Street Metro Station located along Long Beach Boulevard between 5th & 6th Streets. The Blue
Line offers convenient transportation from Long Beach to Downtown Los Angeles. It has a daily average ridership of 88,000 commuters.
As of 2/7/17
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793
Units Floor Plan Approx. SqFt. Avg. Rents Monthly Market Rents Monthly
19 Studio 500 $456 $8,664 $1,050 $19,950
9 1 bedroom / 1 bath 600 $862 $7,758 $1,350 $12,150
1 1 bedroom / 1 bath 750 $1,200 $1,200 $1,400 $1,400
29 15,650 $17,622 $32,800
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
UNIT MIX MONTHLY REPORT240 WEST 7TH STREET
As of 2/7/17
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793
UNIT MIX & ANNUAL INCOME REPORT240 WEST 7TH STREET
Floor Plan Units Actual Total Market TotalStudio 19 $5,472 $103,968 $12,600 $239,400
1 bedroom / 1 bath 9 $10,344 $93,096 $15,000 $145,800
1 bedroom / 1 bath 1 $14,400 $14,400 $16,800 $16,800
Total 29 $211,464 $402,000
Actual MarketGross Potential Rent $211,464 $402,000
Less: Vancancy ($6,344) ($11,060)
Misc. Income $6,240 $17,040
Effective Gross Income $211,360 $408,980
Less: Expenses ($166,360) ($127,730)
Net Operating Income $45,000 $279,250
UNIT MIX & ANNUAL SCHEDULED INCOME
ANNUALIZED INCOME
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
As of 2/7/17
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793
Actual MarketProperty Management Fee N/A $16,080
Onsite Managment N/A $5,800
Replacement Reserves N/A $1,200
Building Insurance N/A $7,250
Maintenance N/A $2,900
Repairs N/A $17,400
Taxes - Real Estate N/A $39,000
Utilities N/A $26,100
Total Expenses $166,366 $127,790Expenses Per RSF $10.63 $8.16Expenses Per Unit $5,737 $4,404
ANNUALIZED EXPENSES
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
ANNUAL EXPENSE REPORT240 WEST 7TH STREET
As of 2/7/17
Address Sale Price Units Price/SF Cap Rate GRM Sale Date240 W. 7th StLong Beach, CA 90813 $3,200,000 29 $204.47 1.4% 14.7 N/A
446 Linden AvenueLong Beach, CA 90802 $1,850,000 20 $162.31 5.8% 11.1 8/30/2016
455 Magnolia AvenueLong Beach, CA 90802 $2,050,000 22 $197.42 6.4% 10.1 9/1/2016
1135 Martin Luther King Jr. Ave.Long Beach, CA 90813 $6,280,000 21 $304.31 4.1% 15.6 8/31/2016
1810 E 7th StreetLong Beach, CA 90813 $2,600,000 15 $235.17 3.0% 17.5 9/23/2016
1164 Daisy AvenueLong Beach, CA 90813 $4,105,000 25 $230.31 5.0% 14.9 12/1/2016
1725 Lemon AvenueLong Beach, CA 90813 $3,600,000 24 $226.47 3.0% 15.6 9/8/2016
SALES COMPARABLES240 WEST 7TH STREET
4.3% 13.9
$136,277$207.29
Avg. Avg.
Avg.Avg.
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Corporate BRE# 01330395.
© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
As of 2/7/17
George BustamanteVice President
Mobile: (714) [email protected]
BRE# 01484265
Becky Blair, CCIMPresident & Principal
Mobile: (562) [email protected]
BRE# 00630793