2620 FIGUEROA STREET | LOS ANGELES

INVESTMENT ADVISORS

DON HINTON | (818) 421-9071 | don.hinton@dilbeck.com | DRE# 00575959

KAREN ROBERSON | (818) 406-9453 | karen.roberson@dilbeck.com | DRE# 00796179

2620 FIGUEROA STREET, LOS ANGELESAsking Price: $1,125,000

High Traffic count location. Excellent opportunity for an investor or owner user.

Great upside for Buyer to add value. The property has been owned by the same

family for over 50 years. Property is currrently occupied by a Mexican Restaurant

paying $3,600/Mo. (Modified Gross) . Lease terms are month to month. Retail

rents in the area range between $2/SF/Mo. and $2.5/SF/Mo. NNN for the retail

space creating significant upside. The property is priced to sell in as-is condition.

We have conservatively estimated rents of $2.00/SF/Mo. NNN, see financials. An

Investors would realize a 5.71% cap rate at the estimated rents and an owner user

who puts 35% down will have occupancy cost below that of market rents and CAM

reimbursements, see financials.

BUILDING AREA (from Records): 3,798

Est. NRA of Retail Space: 3,060

OTHER IMPROVEMENTS:

3 enclosed garages at the rear of the property

and a second story breakroom with full bath and kitchen.

Land Area: 6,345

Zoning: LAUC(CA)

OVERVIEW

RENT FORECAST 2620 FIGUEROA STREET, LOS ANGELES

4/30/2019 Copyrighted report licensed to Dilbeck Commercial Investments - 826048.

This informational product is being furnished free of charge as a customer service by Orange Coast Title Company (OCT) in conformance with the rules established by the California Department of Insurance. The information contained herein as well as any accompanying documents is not a full representation of the status of title to the property in question. The issuance of this information does not constitute a contract to issue a policy of title insurance on these same terms, neither express or implied. While the information contained herein is believed to be accurate, no liability is assumed by OCT either in contract, tort or otherwise for any error or omission contained herein and this information may not be relied upon in the acquisition or in any loan made on property by the recipient of this information without the issuance of a policy of title insurance. PDFCROWD.COM

PLOT MAP 2620 FIGUEROA STREET, LOS ANGELES

STREET MAP 2620 FIGUEROA STREET, LOS ANGELES

ARIEL MAP 2620 FIGUEROA STREET, LOS ANGELES

Copyrighted report licensed to Dilbeck Commercial Investments - 826048.

DEMOGRAPHICS

POPULATION 1 Mile 3 Miles 5 Miles 10 Miles 10 Min. Drive

Population 30,918 317,103 1,047,223 3,338,497 559,289

5 Yr Growth 0.4% 0.9% 1.4% 1.3% 1.4%

Median Age 36 36 37 36 36

5 Yr Forecast 37 38 38 38 38

Wh/Bl/Hispanic 70% / 2% / 70% 72% / 4% / 66% 71% / 4% / 60% 69% / 10% / 54% 72% / 5% / 65%

5 Yr Forecast 70% / 2% / 70% 72% / 4% / 66% 70% / 4% / 60% 69% / 9% / 54% 72% / 5% / 65%

Employment 5,979 159,118 546,985 1,507,637 274,543

Buying Power $390.2M $4.9B $16.5B $57.3B $9.1B

5 Yr Growth 3.4% 3.7% 4.2% 3.4% 6.1%

College Graduates 13.8% 22.5% 25.2% 25.8% 32.7%

HOUSEHOLD

Households 8,801 99,596 359,457 1,127,179 187,522

5 Yr Growth 0% 0.8% 1.5% 1.4% 1.6%

Median Household Income $44,341 $48,840 $45,847 $50,846 $48,283

5 Yr Forecast $45,854 $50,235 $47,069 $51,859 $50,423

Average Household Income $61,251 $72,270 $70,026 $76,652 $73,285

5 Yr Forecast $62,808 $73,984 $71,802 $78,132 $75,631

% High Income (>$75k) 27% 34% 32% 35% 34%

HOUSING

Median Home Value $521,795 $610,562 $644,505 $647,928 $685,077

Median Year Built 1957 1959 1961 1959 1960

Owner/Renter Occupied 34% / 66% 32% / 68% 25% / 75% 32% / 68% 26% / 74%

2620 FIGUEROA STREET, LOS ANGELES

2620 FIGUEROA STREET, LOS ANGELESAsking Price: $1,125,000

FINANCIALS

ASSUMPTIONS:

Est. Market Rent: $ 2.00

Lease terms: NNN

Est SF of Retail Space: 3,060

Est. CAM/SF/Mo. $ 0.75

Est. Mo. cost for Tenant $ 2.75

Est CAM Reimbursement 80%

INVESTOR ANALYSIS:

Est, Annaul Gross Scheduled Income: $ 73,440 Retail Space Only

Est. Vacancy Allowance: 5%

Est. Annual Effective Gross Income: $ 69,768

Est. CAM Cost $ 27,540

Est. CAM Reimbursement $ 22,032

Est. Net Operating Income: $ 64,260

ASKING PRICE: $ 1,125,000

Resulting Cap Rate: 5.71%

OCCUPANCY COST FOR OWNER USER:

Est Down Payment (35%) $ 393,750

Est. Loan Amount $ 731,250

Est. Interest Rate: 5%

No. of Payments 300

Est. Monthly Loan Payment $ 4,275

Est. Monthly CAM $ 2,295

Est. Monthly Cost of Ownership: $ 6,570

Est. Monthly Cost of Ownership/SF: $ 2.15

2620 FIGUEROA STREET, LOS ANGELES

2620 Figueroa Street, Los Angeles

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or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy,

condition of the property, compliance with applicable governmental requirements, developability or suitability, financial

performance of the property, projected financial performance of the property for any party’s intended use or any and all

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contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own

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the veracity, completeness, or relevance of any financial data or assumptions. Dilbeck Real Estate does not serve

as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial

performance, including that used for financial modeling purposes, may differ from actual data or performance, Any

estimates of market rents and/or projected rents that mat be provided to a party do not necessarily mean that rents can

be established at or increased to that lever.

Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy

factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the

party with an attorney. Tax questions should be discussed by the party with a Certified Public Accountant or tax attorney.

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Commercial & Multi-Family Real Estate1030 Foothill Boulevard, La Canada, CA 91011 | dilbeck.com

KAREN ROBERSONRealtor® DRE# 00796179

(818) 406-9453karen.roberson@dilbeck.com

DON HINTONBroker Associate DRE# 00575959

818.421.9071donhintondcre@gmail.com