3378-3380 LOS ROBLES RD, THOUSAND OAKS WELL MAINTAINED - 5 TOWNHOME UNITS

$2,320,000

Investment Highlights

$2,320,000

(5) 2BD/2BA Townhomes Each 1,148 SF

Each unit has A/C, stackable W/D, vinyl plank flooring, granite counters,

fireplace, private yard & patio

1992 Construction

Current Rents: $13,125/MO

14.7 GRM 4.37% CAP

5,690 SF on 14,507 SF Lot

5 Garages, 5 Uncovered Spaces

Conejo School District, Walkable to TO BLVD, 1M to Lakes & Promenade

Shopping Centers

Caption

o

3378-3380 Los Robles Road is a well maintained 1992 built small complex consisting of (5) 2 BD/2BA townhome units with many convenient amenities in a highly walkable area of Thousand Oaks. Each unit

measures approximately 1,148 SF and has stainless appliances, stackable W/D, fireplaces, vinyl plank flooring, granite countertops, A/C and individual water heaters. There are 5 garages along with 5 uncovered spaces plus private yard space in rear and small patios in the front of each unit. Close

proximity to many dining options on Thousand Oaks BLVD and several shopping centers including the Lakes and Promenade at Westlake plus easy 101 FW access. Dont miss an excellent opportunity to

acquire a quality Thousand Oaks building with excellent amenities and market rents in place.

>Property Video

https://vimeo.com/447535667https://vimeo.com/447535667

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NICK HENRY BRE: 01748131 (805) 705 7311BeachsidePartners.com nick@beachsidepartners.com

2.47% Insurance $2,000 1.3% $2,000

$152,775 $155,685

$0 $0FinancialSummary

Total Monthly Income $13,125 $13,375

Tax Liability (Tax Rate %) 36%Depreciation (Building %) 60% NetOperatingIncome $101,289 $104,054

Information contained has been obtained from the owner of the property or from other sources deemed to be reliable. While we do not doubt its accuracy we do not guarantee it.

Total Annual Expenses $51,486 33.7% $51,631 33.2%Debt Coverage Ratio (Market) 1.28

0.2%Principal Reduction (Year 1) $28,940

Special Tax Assessments0.0% 0.0%

Debt Coverage Ratio (Actual) 1.25

$300 0.2% $300

0.8%Term (5-Year Fixed Amort/30) 30

Pest Control$1,250 0.8% $1,250 0.8%

Monthly Principal & Interest $6,772

Interest Rate 3.50%Legal & Accounting

$1,236 0.8% $1,236

$1,508,000$0 0.0% 0.0%

0.0% $0 0.0%Loan Amount

$0

0.0%Price $2,320,000

Onsite Management$3,000 2.0% $3,000 1.9%

Acquisition Costs $0

Debt&FinancingSummary 5.0%$0 0.0% $0

Offsite Managementn/a

Repairs & Maintenance3.0%

Down Payment 35% $812,000Landscaping

$0

0.4%$7,639 5.0% $7,784 5.0%

Total Overal Return (Proforma) $51,333 6.32% Trash $642 0.4%

$4,680 3.1% $4,680Cable

0.4%Total Overal Return $49,564 6.10% Water/Sewer $5,944 3.9% $5,944 3.8%After Tax Cash Flow (Proforma) $22,393 2.76% Electricity $667 0.4%act. 2019

act. 2019

After Tax Cash Flow $20,623 2.54% Gas $0 0.0% $0 0.0%Cash on Cash (Proforma) $22,795 2.81% Utilities

sep meters

1.3%-

% of EGICap Rate 4.37%Cap Rate (Proforma) 4.49% Property Taxes 1.0400% $24,128 15.8% $24,128

GRM (Proforma) 14.45 ExpenseAnalysis Current Rents % of EGI Market Rents15.5%

Cash on Cash $20,030

1.9%GRM 14.73

$157,500 $160,500Price / Unit $464,000 Vacancy (Less) ($4,725) ($4,815)Price / Sq.Ft. $408

3.0%Effective Gross Income

Price $2,320,000 Annual Gross Income

Lot SizeImprovements

$0Other IncomeAPN 671-0-183-020Utilities Sep Electric, Gas

Year Built

$0

$2,670 $2,6755,690

5

1992

$2,675

$2,595 $2,675

InvestmentAnalysis3378-3380LOSROBLESRD,THOUSANDOAKS

change

$2,595

5TownhouseUnitsinThousandOaks

%

NovemberRentRoll

Current Rents

PropertyNotes

PropertyInformation $2,670$2,675

Number of Units(Sq.Ft.)

$250/Unit

$600/unit$390/MO actual

actual

act. 2019

E 2 Bed/ 2 Bath

Laundry Income

Reserves

(Sq.Ft.)

Parking 5 Garages

14,507

Market Rents

Est

$103/MO actual

Unit Unit Type

A 2 Bed/2 BathB 2 Bed/ 2 Bath

C 2 Bed/ 2 BathD 2 Bed/ 2 Bath

$2,595 $2,675

$667

$642

Sale Comps

Property Address Number of Units Sold PriceMonthly

RentBuilding (SqFt)

GRMCap Rate Price Per Unit Unit Mix Sold Date

3200 Foothill DR Thousand Oaks

16 $8,150,000 $43,700 17,878 15.6 4.34% $509,375(2)3+3,

(10)2+2, (4)1+2.5

4/14/20

1992 construction, units average 1100 SF each and have 2-car garages. Units have patios, A/C, W/D.

4540 Apricot RD Simi Valley

14 $7,350,000 $41,952 27,259 14.6 4.32% $525,0004+3, (11)3+3,

(2) 2+35/3/19

2018 built large townhome units with high end finishes and 2-car garages.

5250 Chesebro RD Agoura Hills

18 $11,500,000 $61,987 28,573 15.46 4.19% $638,889 (17)3+2.5, 2+2.5 8/30/19

2018 built 18 townhome units w/ 2 car garages. Onsite spa & BBQ area.

1769 Los Feliz DR Thousand Oaks

6 $2,245,000 $7,000 5,948 16.12 4.04% $374,167 (4)2+1.5, (2) 1+1 8/15/18

2011 construction townhome units closed to the Lakes & Civic Center.

5151 Neptune SQ Oxnard

7 $3,500,000 $7,000 6,983 16.12 2.50% $500,000 (2) 3+2, (5) 2+1 2/27/19

1964 built complex across street from beach at Oxnard Shores with significant deferred maintenance.

3378-3380 Los Robles Thousand Oaks

5 $2,320,000 $13,125 5,690 14.7 4.37% $464,000 (5) 2+2

1992 built upgraded townhome units 1M from the Lakes at Thousand Oaks Shopping Center. Each unit has garage, yard, granite counter, plank flooring, stainless appliances.

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