Marketing Package 4742 Sepulveda Boulevard

4742 Sepulveda BoulevardMarketing Package

Table of Contents4742 Sepulveda Boulevard

© Compass 2021 | All Rights Reserved by Compass | Made in NYCCompass is a licensed real estate broker (01991628) in the State of California and abides by Equal HousingOpportunity laws. All material presented herein is intended for informational purposes only. Information is compiledfrom sources deemed reliable but is subject to errors, omissions changes in price, condition, sale, or withdraw withoutnotice. No statement is made as to accuracy of any description. All measurements and square footages areappropriate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is notintended to solicit property already listed.

Presented By:

Ben Kreitenberg

(818) 454-8268

[email protected]

DRE# 02103370

Max Berger

(818) 321-4972

[email protected]

DRE# 02054048

Neighborhood Overview

Neighborhood Description

Nearby Developments

Nearby Hotspots

Property Overview

Property Description

Professional Photography - Exterior

Professional Photography - Interior

Drone Photography

Comparables

Sales Comparables

Rental Comparables

4742 Sepulveda Boulevard

NeighborhoodOverview

Sherman Oaks, CAA Family-Friendly Suburb with Metropolitan Amenities

Sherman Oaks is a quiet suburb that allows for city conveniencewhile a�ording small-town peacefulness. Nestled between VanNuys and Valley Village to the north, Studio City and Encinoto the east and west and Bel Air to the south, Sherman Oakstruly lies at the center of San Fernando Valley life. Sherman Oakshas all the comfort and convenience of an a�uent suburb -clean streets, upscale malls and multiple parks make for easyliving. Additionally, its close proximity to the 101 and 405freeways o�er quick access to Hollywood, Downtown and theWestside.

Ventura Boulevard serves as the major neighborhood artery. Thiswalkable stretch features quirky independent shops, high-fashionboutiques, delightful co�ee-houses, chic little restaurants ando¡ce towers. Ventura stretches clear across the San FernandoValley, so you’ll never run out of fascinating spots to explore.Located along the boulevard is the Sherman Oaks Galleria,which hosts a vibrant business and diverse tenant communityduring the day and transforms into a lively shopping, dining andentertainment destination during the evening and weekends.

Despite the modern amenities, Sherman Oaks prides itself on

is comprised of families holding high-income positions innumerous industries, who seek comfort in a close-knitcommunity and are still attracted to the modern amenities of a

Neighborhood Overview

Sherman OaksMarket DemographicsAge Distribution of Residents (Over 52% of Sherman

Oaks residents are between 25-54):

- 18-24 Years Old: 6%

- 35-44 Years Old: 16%

- 55-64 Years Old: 12%

- 25-34 Years Old: 21%

- 45-54 Years Old: 15%

- 65 + Years Old: 14%

Income Distribution of Residents (Over 58% of Sherman

Oaks household incomes are greater than $75,000):

- Less than $25,000: 13%

- $45K - $74K: 18%

- $150K: 28%

- $25K - $40K: 11%

- $75K - $149K: 30%

Median Household Income in 2019

- Sherman Oaks: $123,665

- California: $80,440

Single-Family Home Sales in 2020

- Average Sold Price: $1,632,429

- High Price: $9,500,000

- Average Price per SF: $639

Nearby Developments

1) Sepulveda Boulevard & Camarillo StreetLocated across the street from the subject property andapproved by the City Council in 2013, plans call for theconstruction of a sprawling low-rise complex comprised of325 rental units, 44,000 SF of retail space.

With plans recently approved, the proposed six-story projectwill feature 33 one- and two-bedroom apartments atop2,300 SF of ground-floor retail and semi-subterraneanparking for 49 vehicles.

3) Sepulveda Pass METRO LineMETRO has unveiled four options that would connect theVan Nuys and Sherman Oaks communities with the Westside.The variations would start at the Van Nuys Metrolink station(with stops at Sherman Way and Ventura Boulevard) andwould end at a station at the heart of the UCLA campus.

4) Hazeltine Avenue & Riverside DriveRecently approved, plans call for the construction of a seriesof three-story buildings comprised of 249 apartments and27,000 SF of ground-floor commercial space.

5) 14534 Burbank BoulevardThe proposed development calls for a four-story buildingcomprised of 55 residential units for low- and very-low-income seniors.

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4) Hazeline Ave. & Riverside Dr.

Massive redevelopment project by the City of Los Angeles3) Vermont Corridor Project

2) 15027 W. Ventura Blvd.

Currently in pre-construction, will feature 428 condos and 30,000 SF of commercial space.1) 3545 Wilshire Boulevard

Address

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5) 14543 Burbank Boulevard

3) Sepulveda Pass METRO Line

1) Sepulveda Blvd. & Camarillo St.

Plans call for the devlopment of 249 apartments and 27,000 SF of commercial space

33 apartments atop 2,300 SF of ground-floor retail and semi-subterranean parking

Plans call for 55 apartments designated for low-income senior housing

Four options that would connect Van Nuys and Sherman Oaks communities with the Westside

Plans call for the development of 325 rental units and 44,000 SF of retail space

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Nearby Developments

Sepulveda PassMETRO Extension Plan- In March, METRO sta� will recommend to approve a

contract bid which would connect the San Fernando

Valley with the Westside.

- The project would provide a one-way trip from the

- An eventual extention south to LAX would result in a

- METRO forecasts that the line will attract between

122,000 and 137,000 daily riders based on 2042

conditions.

- Construction is expected to occur in phases between

Nearby Hotspots

1) Sherman Oaks GalleriaThe galleria is a state-of-the-art, open air lifestyle centerlocated at one of the nation’s busiest intersections. TheGalleria hosts a vibrant business and diverse tenantcommunity during the day and transforms into a livelyshopping, dining and entertainment destination during theevening and weekends. Notable tenants include:

- Solid mix of professional businesses spread across700,000 SF of Class A o¡ce space- 24 Hour Ftness - ArcLight Cinemas- Burke Williams- Frida Mexican Cuisine

A large indoor mall home to a curated mix of fashion, diningand lifestyle retail. Prominent tenants include Macys, ShoePalace, OrangeTheory, Lush, Lululemon and more.

A dynamic and walkable strip of independently-ownedrestaurants, specialty food shops and clothing boutiquesthat pride themselves on creating a diverse and eclecticenvironment.

4) Deervale-Stone Canyon ParkOne of the more popular hiking destinations in the SFV,Deervale-Stone is a 1.8 mile trail that o�ers pristinepanoramic views of the San Fernando Valley and Westside.

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3) Ventura Boulevard

2) Westfield Fashion Square

1) Sherman Oaks Galleria

One of the more popular hiking destinations in the San Fernando Valley

Walkable strip of independently-owned restaurants and specialty food shops

A large indoor mall home to a curated mix of fashion, dining and lifestyle retail

State-of-the-art, open air lifestyle center located at one of the nation’s busiest intersections

NotesAddress

4) Deervale-Stone Canyon Park


PropertyOverview

Property Description

Bldg SF: 26,450 SF

Price: $10,600,000

APN: 2264-004-043

Lot SF: 15,176 SF

Units: 21

Zoning: LAR3

Price Per Unit: $504,762

Year Built: 2014

Kenny Stevens Team is pleased to present 4742 Sepulveda Boulevard, a

21-unit turnkey asset located across the street from the Sherman Oaks

of management and rent collection has been consistent throughout COVID.

Situated just north of Ventura Boulevard, the subject property is within

The 26,450 SF four-story building sits on a 15,276 SF lot, and is comprised of

(18) two-bedroom units and (3) studio units. Please note, 2 of 3 studio units

are ADU conversions. The two-bedroom units average approx. 1,200 SF and

studio units average approx. 620 SF. Each condo-quality unit features

wood/tile flooring, stainless steel appliances, granite countertops, washer/

dryer and balcony (only for two-bedrooms). Property amenities include

secured entry, elevator, several community courtyards, spacious rooftop

deck with panoramic views of the SFV and 36 parking spots in a gated

subterranean garage. The property is subject to LA Rent Stabilization

Ordinance.

he SFV, 4742Sepulveda presents the perfect long-term opportunity for any type of

investor.

FinancialsApproximate Gross RSF:

Approximate Age:

Approximate Lot Size:

2014

15,176 SF

26,450 SF Market CAP:

Price Per SF: $401

Current CAP: 3.76%

4.45%

Investment Summary

Price:

Down Payment: 42% $4,400,000

Number of Units: 21

Price Per Unit: $504,762

Current GRM: 16.49

Potential GRM: 14.77

Proposed Financing: $6,200,000

$10,600,000

Annualized Operating Data

Current Rents

Scheduled Gross Income: $642,756 $717,780

Vacancy Allowance: $19,283 3%

Gross Operating Income: $623,473

Less Expenses: $225,060 35%

Net Operating Income: $398,413

Less Loan Payment: -$318,914

Pre-Tax Cash Flow: $79,499 1.81%

Plus Principal Reduction: $126,661

Total Return Before Taxes: $206,160 4.69%

Market Rents

$21,533 3%

$696,247

$225,060 31%

$471,186

$152,273

-$318,914

3.46%

$126,661

$278,933 6.34%

Income

# of Units Bed/Baths

1 2 + 2 + Loft

Monthly Rent/Unit

$2,850 $3,250

Monthly Rent/Unit

Current Rents Potential Rents

Monthly Income

$2,850 $3,250

17 2 + 2 $703 - $2,925 $3,000$45,148 $51,000

3 Studio $1,845 $1,845$5,535 $5,535

Total Scheduled Rent: $53,533 $59,785

Laundry Income: $30 $30

Monthly Scheduled Gross Income: $53,563 $59,815

Annual Scheduled Gross Income: $642,756 $717,780

Monthly Income

Expenses*

Taxes (new): 1.25% $132,500

Insurance: *** $6,729

Utilities: *** $31,821

Repairs/Maintenance: *** 688,51$

Professional Mgmt: $25,710

Total Expenses: $225,060

$8.51

Per Unit: $10,717

*** 2020 ACTUALSEXPENSES ARE ESTIMATED

Elevator, Security, Pest, Gardening: *** $12,414


Loan Rate: 3.13% Fixed For 3 Years

Loan Duration: 30 Years

Rent Roll4742 Sepulveda Boulevard

Rent Roll

Market RentCurrent RentUnit TypeUnit #

$3,000

$3,000

$3,000

$3,000

$3,000

$1,845

$2,700

$2,650

$2,650

$2,695

$1,845

$703

2 + 2

2 + 2

Studio

2 + 2

2 + 2

2 + 2

101

100

102

103

104

105

$3,000$2,6952 + 2106

$1,845$1,845Studio200

$3,000$2,7002 + 2201

$3,000$2,8952 + 2202

$3,000$2,7952 + 2203

$3,000$2,9252 + 2204

$3,000$2,8952 + 2205

$3,000$2,8252 + 2206

$1,845$1,845Studio300

$3,000$2,8002 + 2301

$3,000$2,7752 + 2302

$3,000$2,8502 + 2303

$3,000$2,7002 + 2304

$3,000$2,8952 + 2305

$3,250$2,8502 + 2306

Size (SF)

1,240 SF

1,200 SF

1,204 SF

1,280 SF

1,200 SF

1,200 SF

624 SF

1,240 SF

1,200 SF

1,204 SF

1,280 SF

1,200 SF

1,200 SF

624 SF

1,240 SF

1,200 SF

1,204 SF

1,280 SF

1,200 SF

1,600 SF

624 SF

Move-in Date

02/15/2015

01/27/2019

02/01/2016

01/01/2017

04/01/2015

02/01/2019

02/15/2015

11/01/2020

07/01/2020

10/01/2019

09/04/2017

06/01/2015

06/13/2018

09/24/2017

06/15/2015

02/01/2018

Notes

Low Income

VACANT - ADU

VACANT - ADU

Two-Bedroom w/ Loft

Rent Roll4742 Sepulveda Boulevard

Rent Roll

Laundry Income:

Other Income:

Monthly Total:

Annual Total:

$30

$0

$53,563

$642,756

$30

$0

$59,815

$717,780

Property Overview | Financing Options

Direct: (310) 664-6705

BRE# 00925920

Direct: (310) 664-6705

BRE# 02082070

Property Overview | Professional Photography


Lobby w/ Secure Entry Building Elevator


Subterranean Garage w/ 36 Parking Spaces


2nd Floor Hallway2nd Floor Hallway Building Elevator3rd Floor Hallway

Outdoor Communal Courtyard Gym/ADU



Kitchen Living Room


Dining Room


1st Bedroom 2nd Bedroom


Bathroom Bedroom Balcony


Rooftop Deck w/ Panoramic Views of SFV


Rooftop Deck w/ Panoramic Views of SFV

Property Overview | Drone Photography



Sherman Oaks GalleriaVentura Boulevard




101 Freeway

405 Freeway



Rental & SalesComparables

omparables | Sales Comps

UnitMix

Year

Built

Address

COE

Sales

Price

Units

Price/

Unit

Bldg.

Sq. Ft.

Price

Per Foot

(18) 2+2 & (3) Studio

2014

4742 Sepulveda Blvd.

Subject Property

$10,600,000

21 Units

$504,762

26,540 SF

$401

(14) 2-Bdrms.

2003

4309Dixie Canyon Ave.

01/08/2019

$8,000,000

14 Units

$571,428

17,688 SF

$452

(18) 2+2

1999

4623Willis Ave.

06/27/2019

$8,950,000

18 Units

$497,222

24,046 SF

$372

(1) 3+2, (6) 2+2& (1) 1+1

2014

4737Kester Ave.

09/06/2019

$3,787,625

8 Units

$473,453

8,611 SF

$440

(13) 2+2, (1) 1+1& (1) Studio

1997

4341Ventura Canyon Ave.

03/19/2019

$7,000,000

15 Units

$466,667

16,260 SF

$431

Subject Property

4

2

1

3

5

4) 4341 Ventura Canyon Ave.

3) 4737 Kester Ave.

2) 4623 Willis Ave.

1) 4309 Dixie Canyon Ave.

4742 Sepulveda Blvd.

Address

03/19/2019

09/06/2019

06/27/2019

01/08/0219

Subject Property

$7,000,000

$3,787,625

$8,950,000

$8,000,000

$10,600,000

Sales Price

15

8

18

14

21

Units

$466,667

$473,453

$497,222

$571,428

$504,762

PPU

16,260 SF

8,611 SF

24,046 SF

17,688 SF

26,540 SF

$431

$440

$372

$452

$401

PPF

1997

2014

1999

2003

2014

Year Built

Rent: $3,495

Unit Type: 2 Bdrm. & 2 Bath

Rent: $3,495


Rent: $3,350


1

Rent: $1,845

Unit Type: Studio & 1 Bath

RentalComparables

Market Rent:

(1) 2+2+Loft: $3,250

(17) 2+2: $850 - $3,000

(3) Studio: $1,845

42

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3) 4707 Willis Ave. #310

4) 14560 Benefit St. #303

2) 4430 Noble Ave. #301

1) 4742 Sepulveda Blvd. #300

Address

$3,495

$3,495

$3,350

$1,845

Rent

2 Bdrm. & 2 Bath

2 Bdrm. & 2 Bath

2 Bdrm. & 2 Bath

Studio & 1 Bath

Unit Type

2,040 SF

1,557 SF

1,391 SF

624 SF

Unit Type

Ren

tal C

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ap Subject Property

Ben Kreitenberg

(818) 454-8268

[email protected]

DRE# 02103370

Max Berger

(818) 321-4972

[email protected]

DRE# 02054048

© Compass 2021 | All Rights Reserved by Compass | Made in NYCCompass is a licensed real estate broker (01991628) in the State of California and abides by Equal HousingOpportunity laws. All material presented herein is intended for informational purposes only. Information is compiledfrom sources deemed reliable but is subject to errors, omissions changes in price, condition, sale, or withdraw withoutnotice. No statement is made as to accuracy of any description. All measurements and square footages areappropriate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is notintended to solicit property already listed.


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Marketing Package 4742 Sepulveda Boulevard

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