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OFFERIN

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10803 Garvey AvenueEl Monte CA 91733

Garvey Center

MIXED-USE COMMERCIAL PROPERTY

Garvey CenterCONTENTS

Thomas TheungBroker626-482-0652Lic: [email protected]

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent thecurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

01 Executive Summary Executive Summary 5 Unit Mix Summary 7 Location Summary 8

02 Property Description Property Features 10 Aerial Map 12 Parcel Map 13 Location Map 14 Property Images 15

03 Rent Roll Rent Roll Commercial 20 Lease Expiration 21

04 Financial Analysis Income & Expense Analysis 23 Multiyear Cash Flow Assumptions 24 Cash Flow Analysis 25

05 Additional Information

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Coldwell Banker and it should not be made available to any other person or entitywithout the written consent of Coldwell Banker. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to ColdwellBanker. This offering memorandum has been prepared to provide summary, unverified financial and physical information toprospective purchasers, and to establish only a preliminary level of interest in the subject property. The information containedherein is not a substitute for a thorough due diligence investigation. Coldwell Banker has not made any investigation, and makesno warranty or representation with respect to the income or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the property and improvements, the presence of absence ofcontaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition ofthe improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property. The information contained in this offering memorandum has been obtained fromsources we believe reliable; however, Coldwell Banker has not verified, and will not verify, any of the information contained herein,nor has Coldwell Banker conducted any investigation regarding these matters and makes no warranty or representationwhatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriatemeasures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses ofinvestigating the subject property.

Garvey Center Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER:

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT THE COLDWELL BANKER ADVISOR FOR MORE DETAILS.Copyright © 2017 CREOP, LLC. All Rights Reserved.

Garvey Center | Executive Sum

mary

Executive Summary

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Offering Summary

Unit Mix Summary

Location Summary

Demographics

Demographic Charts

Garvey Center Executive Summary | 05

OFFERING SUMMARYADDRESS 10803 Garvey Avenue El Monte CA

91733

COUNTY Los Angeles

MARKET Los Angeles County

SUBMARKET San Gabriel Valley

BUILDING SF 5,905

LAND SF 14,661 SF

YEAR BUILT 1938

YEAR RENOVATED 1940

APN 8580-026-027

OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $1,200,000

PRICE PSF $203.22

OCCUPANCY 100.00 %

NOI (CURRENT) $68,479

CAP RATE (CURRENT) 5.71 %

CAP RATE (PRO FORMA) 6.05 %

GRM 14.17

PROPOSED FINANCINGLOAN 1

LOAN TYPE Fully Amortized

DOWN PAYMENT $1,200,000

LOAN AMOUNT $0

INTEREST RATE 0.00 %

ANNUAL DEBT SERVICE $0

LOAN TO VALUE 0 %

LOAN 2



LOAN AMOUNT $0



LOAN TO VALUE 0 %

LOAN 3



LOAN AMOUNT $0



LOAN TO VALUE 0 %

Garvey Center Executive Summary | 06

Hard Corner Location

Rare Mixed-Use Zoning

Future Development Potential

Excellent Long Term Tenant

Potential To Increase Rent

Excellent & Convenient Location

Development & Rapid Growth In The Area

Excellent 5 unit mixed-use property located on the corner ofGarvey Avenue and Lexinton Avenue. This offering is for 3commercial unit located on Garvey Avenue, including a liquorstore, a video rental store, and a dental office. Behind the 3commercial unit is a two story-two unit residential incomeproperty. Total gross leaseable area of 5 units is approximately5,905 square feet of building on an approximately 14,661 squarefeet of land.

This offering is ideal for a savy investor who can invest and holdfor short term and also provide for an opportunity to develop thesite in the future. Currently, rent are below market rate with anaverage rental rate of $1.14 per square feet, providing investor anopportunity to increase rent in the future. The corner location ofthe site along with the wide frontage on Garvey Avenue is ideal forfuture development.

The site is located in the heart of the City of El Monte and is lessthan 20 minutes from Downtown L.A. It is also centrally locatedwithin a short distance from nearby cities such as Alhambra,Monterey Park, San Gabriel, Rosemead, Baldwin Park, TempleCity, Arcadia, and Pasadena.

Actual MarketUnit Mix # Units Square Feet Current Rent Rent PSF Monthly

IncomeMarket Rent Market Rent

PSFMarket Income

Bella Dental 1 1,210 $0 $0.00 $0 $18,600 $15.37 $18,600Residential Lease 2 650 $0 $0.00 $0 $11,400 $17.54 $22,800

Star Liquor 1 2,450 $0 $0.00 $0 $37,800 $15.43 $37,800Video Store 1 1,000 $0 $0.00 $0 $18,000 $18 $18,000

Totals/Averages 5 1,192 $0 $0.00 $0 $19,440 $16.78 $97,200

Garvey Center Unit Mix Summary | 07

Garvey Center Location Summary | 08

Located on one of the most traffic thoroughfare ofGarvey Avenue in the City of El Monte, the subjectproperty is within closeproximity to the 10, 60, and 605 freeway. Access topublic transportation is also very convenient with ElMonte Metro Station within walking distance fromthe subject property. The property benefits fromexcellent visibility and heavy traffic count of over30,000 cars per day on Garvey Avenue.

Regional Map

Locator Map

Garvey Center | Property Description

Property Description

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Property Features

Aerial Map

Parcel Map

Additional Maps

Property Images

Garvey Center Property Features | 10

GLOBALNUMBER OF UNITS 5

BUILDING SF 5905

LAND SF 14661

LAND ACRES 0.34

# OF PARCELS 1

YEAR BUILT 1938

YEAR RENOVATED 1940

ZONING TYPE EMC3

LOCATION CLASS Hard Corner

BUILDING CLASS B

TOPOGRAPHY Rolling/Hilly

NUMBER OF BUILDINGS 5

NUMBER OF STORIES 2

LOT DIMENSION 90 x 164

TRAFFIC COUNTS 29000

SIGNALIZED CORNER Garvey/Lexington

PARKING RATIO 3.5/1000

NUMBER OF PADS 0

NUMBER OF INGRESSES 2

NUMBER OF EGRESSES 2

MULTI-FAMILY VITALSNUMBER OF PARKING SPACES 21

POOL / JACUZZI None

FIRE PLACE None

WASHER/DRYER None

NUMBER OF UNITS 2

CURRENT OCCUPANCY 100

HVAC None

FIRE SPRINKLERS None

HIGH-END FINISHES None

PRIVATE BALCONIES None

COMMERCIAL VITALSNUMBER OF UNITS 3

CURRENT OCCUPANCY 100

HVAC None

FIRE SPRINKLERS None

NEIGHBORING PROPERTIESNORTH Single Family Residence

SOUTH Commercial

EAST Commercial

WEST Commercial

Garvey Center Property Features | 11

CONSTRUCTIONFOUNDATION Slab Concrete

FRAMING Wood/Steel

EXTERIOR Stucco

PARKING SURFACE Asphalt

ROOF Flat/Rolling Composition

LANDSCAPING None

Garvey Center Aerial Map | 12

Garvey Center Parcel Map | 13

Garvey Center Location Map | 14

Garvey Center Property Images | 15

Garvey Center | Rent Roll

Rent Roll

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Rent Roll Details

Lease Expiration Summary

Garvey Center Rent Roll Commercial | 20

Lease Term Rental RatesSuite Tenant Name Square

Feet% of NRA Lease Start Lease End Begin Date Monthly Rent/SF Anually PSF Lease Type Options/Notes

10801 Star Liquor 2,450 41% 08/01/14 07/31/19 CURRENT $3,000 $1.22 $36,000 $14.69 First 5 year lease option from8/01/2019 - 7/31/2024,tenant rent will be $3,150.Second 5 year lease optionlease rate is negotiable.

10809 Video Store 1,000 17% 01/01/00 01/01/00 CURRENT $1,100 $1.10 $13,200 $13.20 Tenant is on a MTM (Month-To-Month) Lease Term

10811 Bella Dental 1,210 20% 06/01/17 05/31/22 CURRENT $1,550 $1.28 $18,600 $15.37 Newly signed five (5) yearlease.

Lexington #B

Residential Lease 650 11% 01/01/00 01/01/00 CURRENT $678 $1.04 $8,136 $12.52 Tenant is currently on MTMLease (Month-To-Month)

Lexington #A

Residential Lease 650 11% 01/01/00 01/01/00 CURRENT $728 $1.12 $8,736 $13.44 Tenant is currently on MTMLease (Month-To-Month)

Totals 5,960 $7,056 $84,672

Garvey Center Lease Expiration | 21

Garvey Center | Financial Analysis

Financial Analysis

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Income & Expense

Multiyear Cash Flow Assumptions

Multiyear Cash Flow Projections

Garvey Center Income & Expense Analysis 23

INCOME CURRENT PRO FORMAMulti-Family Revenue $16,872 $22,800

Commercial Revenue $67,800 $75,000

Gross Potential Income $84,672 $97,800

Effective Gross Income $84,672 $97,800

Less: Expenses $16,193 $25,260

Net Operating Income $68,479 $72,540

EXPENSES CURRENT PRO FORMAReal Estate Taxes $1,816 $9,081 $3,600 $18,000

Insurance $190 $952 $220 $1,100

Repairs & Maintenance $120 $600 $120 $600

Water / Sewer $287 $1,434 $287 $1,434

Utilities $181 $907 $181 $907

Trash $644 $3,219 $644 $3,219

Total Operating Expense $3,239 $16,193 $5,052 $25,260

Expense / SF $2.74 $4.27

Expenses per Unit $3,238.60 $5,052.00

% of EGI 19.1 % 25.8 %

Per Unit Per Unit

REVENUE ALLOCATION

DISTRIBUTION OF EXPENSES

Garvey Center Multiyear Cash Flow Assumptions | 24

GLOBALAnalysis Period 5 year(s)Commencement Date Dec. 1, 2017Millage Rate 1.50000 %

EXPENSE GROWTH RATESReal Estate Taxes 1.500 %Insurance 1.500 %Repairs & Maintenance 3.00 %Water / Sewer 1.500 %Utilities 1.500 %Trash 1.500 %

PROPOSED FINANCINGLOAN 1Loan Type Fully AmortizedDown Payment $1,200,000Loan Amount $0Interest Rate 0.00 %Annual Debt Service $0Loan to Value 0 %

LOAN 2Loan Type Fully AmortizedDown Payment $1,200,000Loan Amount $0Interest Rate 0.00 %Annual Debt Service $0Loan to Value 0 %

LOAN 3Loan Type Fully AmortizedDown Payment $1,200,000Loan Amount $0Interest Rate 0.00 %Annual Debt Service $0Loan to Value 0 %

Garvey Center Cash Flow Analysis| 25

CASH FLOWCalendar Year CURRENT Year 2 Year 3 Year 4 Year 5Gross Potential RevenueMulti-Family Revenue $16,872 $22,800 $23,484 $24,189 $24,914Commercial Revenue $67,800 $75,000 $75,000 $75,000 $75,000Gross Potential Income $84,672 $97,800 $98,484 $99,189 $99,914Effective Gross Income $84,672 $97,800 $98,484 $99,189 $99,914Operating ExpensesReal Estate Taxes $9,081 $18,000 $18,270 $18,544 $18,822Insurance $952 $1,100 $1,117 $1,133 $1,150Repairs & Maintenance $600 $600 $618 $637 $656Water / Sewer $1,434 $1,434 $1,456 $1,477 $1,500Utilities $907 $907 $921 $934 $948Trash $3,219 $3,219 $3,267 $3,316 $3,366Total Operating Expense $16,193 $25,260 $25,648 $26,042 $26,442Net Operating Income $68,479 $72,540 $72,836 $73,147 $73,472Cash Flow $68,479 $72,540 $72,836 $73,147 $73,472

Effective Gross Income vs Operating Expenses Cash Flow

Garvey Center Cash Flow Analysis| 26

Calendar Year CURRENT Year 2 Year 3 Year 4 Year 5Financial MetricsCash on Cash Return b/t 1.90 % 2.02 % 2.02 % 2.03 % 2.04 %CAP Rate 5.71 % 6.05 % 6.07 % 6.10 % 6.12 %Operating Expense Ratio 19.12 % 25.82 % 26.04 % 26.25 % 26.46 %Gross Multiplier (GRM) 14.17 12.27 12.18 12.10 12.01Breakeven Ratio 19.12 % 25.83 % 26.04 % 26.25 % 26.46 %Price / SF $203 $203 $203 $203 $203Expense / SF $2.74 $4.27 $4.34 $4.41 $4.47Income / SF $14.33 $16.56 $16.67 $16.79 $16.92

Garvey Center | Additional Inform

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Additional Information

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Garvey Center

Thomas TheungBroker626-482-0652Lic: [email protected]

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