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Brett Lyon| 310.780.1899 [email protected] REDONDO BEACH DUPLEX

127 S Prospect AveRedondo Beach, CA 90277

Redondo Beach Duplex

INVESTMENT SUMMARY

Investment Overview

Regional Map

AREA OVERVIEW

Local Map

City Overview

County Overview

Aerial Map

PROPERTY DESCRIPTION

Property Details

3D Map

FINANCIALS

Offering Summary

Net Income Statment

Rent Roll

Unit Mix

COMPARABLES

Sales Comparable Map

Sales Comparables

Rental Comparable Map

Rental Comparables

On Market Comparable Map

On Market Comparables

EXCLUSIVELY MARKETED BY :

Lyon Stahl Investment Real Estate

J Woody StahlBrett D. Lyon

[email protected]

[email protected]


Investment Summary


The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.

Investment SummaryPrice $1,495,000Cap Rate 2.65%NOI $39,628.00GRM 23.73Units 2Occupancy 100.00%Building Size 2,664 SFPrice per Square Foot $561.19Land Area 7,156 Sq. FeetOwnership Fee Simple

Investment Highlights

Over 30% in upside rent potential | 3.9% CAP Potential●

Situated on 7,156 sq. ft. lot | Minutes away from Redondo Beach Pier and●

King Harbor MarinaDuplex Featuring (1) 3-bed/2.75-bath unit and (1) 3-bed/1.5-bath unit●

Investment Description

Lyon | Stahl is excited to present 127 S Prospect Ave, a duplex in the heart ofRedondo Beach just minutes away from the King Harbor Marina, Pier, andnationally ranked Redondo Union High School. This property features a unitmix of (1) 3-bed/2.75-bath unit and (1) 3-bed/1.5-bath unit, with a total of (3)garages. These units are situated on a large 7,156 sq. ft. lot, and each havetheir own well-maintained lawn and backyard area. Located roughly a milefrom the potential $300 million waterfront development project, this is anincredible investment opportunity for anyone looking to acquire property in therapidly appreciating South Bay!


Investment Summary



Regional Map


Area Overview



Local Map


Area Overview



Area OverviewCounty OverviewThe most heavily populated county in the country is Los Angeles County withapproximately 9.9 million people, including about 1 million that live inunincorporated areas of the county. The metropolis - formed by the sixneighboring counties of Los Angeles, Ventura, Kern, San Bernardino,Riverside, and Orange - is home to approximately 19 million residents. LosAngeles County is home to one of the most educated labor pools in thecountry and offers a labor force of more than 4.7 million, of which more than1.5 million are college graduates. Los Angeles County has the largestpopulation of any county in the nation, exceeded only by eight states.According to the United States Conference of Mayors, Los Angeles Countyboasts a GDP among the twenty largest in the world. Los Angeles County’scontinued economic growth, in contrast to other areas of the state and nation,is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of the California,and covers 4,061 square miles, including the San Clemente and SantaCatalina islands. The County is comprised of approximately 88 vibrant anddiverse cities hosting more than 244,000 business establishments— thegreatest concentration in the state. Los Angeles County has a Gross DomesticProduct (GDP) of approximately $446 billion - placing it among the top 20economies in the world. The combined GDP of Los Angeles and its fivesurrounding neighboring counties places it in the top 10. California is generallyconsidered to be in the top five.

If Los Angeles County were its own nation, its economy would be the 18thlargest in the world. It is home to more than 244,000 businesses, with moreminority and women owned businesses than any other in the nation and is thenation’s top international trade center and manufacturing center. Los Angelesis recognized worldwide as a leader in entertainment, health sciences,business services, aerospace and international trade. Because the LosAngeles area is so large and diverse, it has something to offer to everyone.While Hollywood and the Los Angeles beach culture are part of our collectiveimage of Los Angeles, the city also has more museums than any other cityand some of the best hotels in the world are located in Los Angeles.

Over the years, Los Angeles County has developed a diverse economic base,supported by a number of Fortune 500 companies with headquarters in thearea, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTVGroup, Northrop Grumman, Computer Sciences, KB Home, Health Net, Mattel,and Avery Dennison. Key factors positively impacting the region’s economicposition include increased local media production by the entertainmentindustry and a continuing expansion of import flows. Moreover, growth in

aerospace, homeland security and in the private business sector havecontributed positively to the County's economy. Los Angeles' well educatedlabor pool, many universities, wonderful climate, and world class infrastructurewill enable Greater Los Angeles to continue to be a world leader in economicand cultural significance.

County HighlightsLos Angeles County is the world’s 18th largest economy.●

Los Angeles part of the "Tech Coast" and is regarded as the of the main●

entrepreneurial regions of the world. It has approximately 200,000 smallbusinesses, which is twice as many small businesses as can be found in anyother region of the United States.If Los Angeles' five county area were a state, it would be the fourth largest in●

the United States.Los Angeles has more than 80 stage theaters and 300 museums, more than●

any other U.S city.


Area Overview



Aerial Map


Property Description



Property DetailsAddress 127 S Prospect Ave Redondo Beach, CA 90277 Square Footage 2,664 SFLand Area 7,156 Sq. FeetYear Built 1952Assessors Parcel Number 7506-001-002

SiteZoning RBR-3Number of Buildings 1Number of Stories 2Parking 3 Garage Spaces + Driveway


Financials



FinancialOffering Summary

Price $1,495,000Building Size 2,664 SFOwnership Fee SimpleLand Area 7,156 Sq. FeetNumber of Units 2Number of Stories 2Year Built 1952

Parking3 Garage Spaces +

DrivewayOccupancy 100.00% Price per Unit $747,500.00Price per Square Foot $561.19Current CAP Rate 2.65%Pro Forma Cap Rate 3.89%Current GRM 23.73Pro Forma GRM 18.32NOI $39,628Pro Forma NOI $58,228

FinancingLoan Type New/ProposedLoan Amount $747,500Down Payment $747,500Interest Rate 3.70%Amortization Period 30 YearsAnnual Payment $41,287


Financials



Net Income Statement

Current AnnualIncome

Proforma AnnualIncome

REVENUES Gross Potential Rent $63,000 $81,600

Effective Gross Income $63,000 $81,600

OPERATING EXPENSES Real Estate Taxes 17,750 17,750 Insurance 932 932 Utilities 1,600 1,600 Landscaping 1,200 1,200 Maintenance 1,890 1,890

TOTAL EXPENSES $23,372 $23,372

NET OPERATING INCOME $39,628 $58,228

Debt Service $41,287 $41,287 NET CASH FLOW AFTER DEBT SERVICE $-1,659 $16,941 Principal Reduction $13,863 $13,863 TOTAL RETURN 1.63% 4.12% Expenses Per SF $8.77 $8.77% of EGR 37.10% 28.64%


Financials



Rent Roll

Unit Information Lease Rental Rates

Unit No Unit TypeApp. SquareFootage

Status Move In DateCurrentMonthly Rent

PSFPro FormaMonthly Rent

PSF Loss to Lease

1 3 BR 1.50 BTH 992 Occupied -- -- ---- $ 2,500.00 $ 2.52 $ 3,200.00 $ 3.23 $ 700.00

1 3 BR 2.75 BTH 1,672 Occupied -- -- ---- $ 2,750.00 $ 1.64 $ 3,600.00 $ 2.15 $ 850.00

Unit Note: Vacant

2 Units TOTALS 2,664 Occ:2Vac:0 $5,250.00 $6,800.00 $1,550.00


Financials



Unit Mix

Unit Info Occupancy Square Footage Current Monthly Rent Pro Forma Monthly Rent

Numberof Units

Unit Type Occ Vac % OccAverageUnit SF

Total UnitSF

AVG Low High TotalAVGPSF

AVG TotalAVGPSF

VacancyLoss

1 3 BR 1.50 BTH 1 0 100% 992 992 $ 2,500 $ 2,500 $ 2,500 $2,500 $2.52 $3,200 $3,200 $3.23 $0

1 3 BR 2.75 BTH 1 0 100% 1,672 1,672 $ 2,750 $ 2,750 $ 2,750 $2,750 $1.64 $3,600 $3,600 $2.15 $0

2 TOTALS 2 0 100.00% 2,664 SF $5,250 $1.97 $6,800 $2.55 $0


Comparables



Sales Comparable Map


Comparables



Sales Comparables

Photos Address

Sale PriceSale DateTotal UnitsPrice Per Unit

Total SF$/SFCAPGRM

Unit MixYear BuiltLand AreaDays on Market

127 S Prospect AveRedondo Beach, CA90277

$1,595,000N/A2797,500

2,664 SF$5992.41 %25.32

1 3BR + 1.50BTH1 3BR + 2.75BTH

19527,156 SFN/A

-

124 S Guadalupe AvRedondo Beach , CA90277

$2,052,00010/31/20162$1,026,000

3,346 SF$613--

190812,030 SF186

501 Avenue BRedondo beach , CA90277

$1,325,00004/28/20172$662,500

1,963 SF$675--

19305,272 SF19

508 Avenue FRedondo Beach , CA90277

$1,475,77503/01/20172$737,888

2,842 SF$5192.30 %27.30

19595,602 SF8


Comparables



Photos Address

Sale PriceSale DateTotal UnitsPrice Per Unit

Total SF$/SFCAPGRM

Unit MixYear BuiltLand AreaDays on Market

912 S Juanita AvRedondo Beach , CA90277

$1,669,00008/02/20172$834,500

2,462 SF$6783.40 %18.40

19635,412 SF66

703 S BroadwayRedondo Beach, CA90277

$1,600,00010/24/20162$800,000

1,636 SF$9781.30 %48.00

19225,609 SF10

Averages

$1,624,355-2$812,178

2,450 SF$6932.33 %31.23


Comparables



Rental Comparable Map


Comparables



Rental Comparables

Photos AddressDate Surveyed

Total UnitsYear BuiltBldg SFOccupancy

Units Types Avg Unit SF Avg Unit Rent Avg Rent Per SF


219522,664 SF100.00%

3 BR / 1.50 BTH3 BR / 2.75 BTH

992 SF1,672 SF

$2,500$2,750

$2.52$1.64

220 S Prospect Av # 10Redondo Beach , CA90277-

119801,525 SF-

3BR /2BTH 1,525 SF $3,400 $2.23

111 S Juanita AvRedondo Beach , CA90277-

119141,200 SF-

3BR /2BTH 1,200 SF $3,750 $3.13

110 S Irena Av # A,Redondo Beach , CA90277-

119621,316 SF-

3BR /1BTH 1,316 SF $3,600 $2.74


Comparables



Photos AddressDate Surveyed

Total UnitsYear BuiltBldg SFOccupancy

Units Types Avg Unit SF Avg Unit Rent Avg Rent Per SF

205 S Francisca Av # 6,Redondo Beach , CA90277-

119801,693 SF-

3BR /3BTH 1,693 SF $3,500 $2.07

Averages 1,434 SF- 1,434 SF $ 3,563 $ 2.54


Comparables



On Market Comparable Map


Comparables



On Market Comparables

Photos AddressSale PriceTotal UnitsPrice Per Unit

Total SF$/SFCAPGRM

Unit Mix Year BuiltLand Area


$1,595,0002$ 797,500

2,664 SF$5992.41 %25.32

1 3BR + 1.50BTH1 3BR + 2.75BTH

19527,156 SF

-

118 S Helberta AvRedondo Beach , CA90277

$1,299,0002$649,500

1,250 SF$1,039--

219215,487 SF

517 S Juanita AvRedondo Beach , CA90277

$1,350,0002$675,000

1,740 SF$7761.60 %57.00

19595,811 SF

221 S Helberta AvRedondo Beach , CA90277

$1,150,0002$575,000

1,718 SF$6692.60 %37.60

19107,034 SF

Averages $1,266,3332$633,167

1,569 SF$8282.10 %47.30

CONFIDENTIALITY AND DISCLAIMER

The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is intended to be reviewed only by the party receiving it from Broker and should notbe made available to anyone else without the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you will hold it in the strictestconfidence, and that you will not disclose any of its contents contrary to these terms.

This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in the subject property (“Property”). The information in this Memorandumhas been obtained from sources Broker believes to be reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever including but not limitedto the accuracy or completeness of the information, veracity or accuracy of the information, condition of the Property or its compliance or lack of compliance with applicable governmentalrequirements, developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square footage of the Property and improvements, the presence orabsence of contaminating substances, PCB’s or asbestos, the compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects of any tenant or any tenant’s plans or intentions to continue occupancy of the Property. The Memorandum has selected information relating to the Property and does not purport to be an all- inclusive representation regarding the Property or to contain all or part of the information which prospective investors may require to evaluate the purchase of the Property. Additional information andan opportunity to investigate the Property will be made available to interested and qualified prospective purchasers. All information is based on assumptions relating to the general economy, marketconditions, competition and other factors beyond the control of Broker, therefore, all information is subject to material variation. The information contained herein is not a substitute for a thorough duediligence investigation. Interested parties are expected to review all information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions at any time with or without notice.The Owner shall have no legal commitment or obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any conditions to the Owner’sobligations therein have been satisfied or waived.

Exclusively Marketed By:

Lyon Stahl Investment Real Estate

Lyon Stahl

310.425.9838

[email protected]

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