MIRACLE MILE QUADRUPLEX FOR SALE - 712 S STANLEY AVENUE, LOS ANGELES, CA 90036 Offering Memorandum - Major Properties
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MIRACLE MILE QUADRUPLEX FOR SALE
Commercial • Industrial • Residential
712 S STANLEY AVENUE, LOS ANGELES, CA 90036 Offering Memorandum
• Value Added Investment
• Ideal for Owner/User, Investor or
1031 Tax Deferred Exchange Buyer
Exclusively listed by
• Prime Miracle Mile Location Anthony S Behar
Executive Vice President
213.747.8426 office
310.880.2329 mobile
• Across From the La Brea Tar Pits anthony@majorproperties.com
Lic. 01368565
and LACMA
The information contained in this offering material is confidential and furnished solely for the purpose of a review
by prospective Buyers of the subject property and is not to be used for any other purpose or made available to any
other person without the express written consent of Major Properties.
This Brochure was prepared by Major Properties. It contains summary information pertaining to the Property
and does not purport to be all-inclusive or to contain all of the information that a prospective Buyer may desire.
All information is provided for general reference purposes only and is subject to change. The summaries do not
purport to be complete or accurate descriptions of the full documents involved, nor do they constitute a legal
analysis of such documents.
This information has been secured from sources we believe to be reliable. We make no representations or
warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.
majorproperties.com
The Offering
The subject property is a 4-unit complex that is strategically located in the
heart of the “Miracle Mile”, just south of Wilshire Boulevard. The quadruplex
is directly across Wilshire Blvd from the famous La Brea Tar Pits and the Los
Angeles County Museum of Art (LACMA).
The subject is also less than one-half mile east of the Peterson Auto Museum,
and one-half mile west of the the El Rey Theater, a popular concert venue.
It is ideally situated within walking distance of numerous restaurants, Ralphs,
LA Fitness, Equinox, Starbucks, Smart & Final and Walgreens, providing tenants
ease of access for food, beverages and entertainment.
Situated between two new Metro stops along the coming Purple Subway Line,
712 S. Stanley Avenue is a highly desirable asset for an owner/user, investor or
1031 Tax Deferred Exchange buyer.
The property provides an investor the opportunity to increase value by bringing
all rents to market value and stabilizing the property.
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712 S STANLEY AVENUE Investment Highlights
LOS ANGELES, CA 90036
• Rare opportunity to acquire a 4-unit complex
• Highly desirable location with easy access to all parts
Property Details of Los Angeles
Building Area: 6,950 Sq.Ft. • Located between La Cienega Blvd and La Brea Avenue
Stories: 2 • Walking distance to Metro stops
• Spanish style architecture and hardwood floors
Land Area: 6,973 Sq.Ft.
• Spacious units with large windows: Great natural light
Zone: LA C2
• 2 car parking per unit
Year Built: 1928
• Separate meters and washer/dryer in each unit
Assessor’s Parcel #: 5089-010-023 • Recent upgrades to shower and plumbing fixtures
Land Use: Quadruplex • Two 2-bedroom units: Currently rented at $2,500
per month each (month-to-month tenancy)
Parking: 8 Vehicles On-Site
• Two 3-bedroom units: Currently vacant
City Council: District 4 | David Ryu • Entire property can be delivered vacant
County Supervisor: District 2 | Mark Ridley-Thomas
Asking Price: $3,500,000 ($875,000 Per Unit)
LA Unified School District: Fairfax/Hollywood/L.A.
Historic Preservation Overlay Zone (HPOZ): Yes
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Pro Forma Income & Expense ESTIMATED INCOME UNIT BRDMS/BATHS RENT/MONTH 1 2+2 $3,000 2 2+2 3,000 3 3+2 3,500 4 3+2 3,500 Estimated Monthly Income: $13,000 Estimated Gross Annual Income: $156,000 ESTIMATED ANNUAL EXPENSES Property tax*: ( $43,750 ) Insurance: ( 3,500 ) Trash/Water: ( 3,600 ) Janitorial: ( 600 ) Gardener: ( 1,200 ) Total Annual Expenses: ( $52,650 ) Estimated Annual Expenses: ( $52,650 ) Pro Forma Net Annual Operating Income: $103,350 Pro Forma Cap Rate: 2.9% * Based on $3,500,000 asking price majorproperties.com
Plat Map
Plat Map
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Neighborhood Map
Area Map
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90036 Demographics
Area Map
majorproperties.com712 S Stanley Avenue
Los Angeles, CA 90036
6,950± SF 2-Story Quadruplex
6,973± SF of Land
Value Added Investment
Purchase Opportunity
Exclusively listed by
Anthony S Behar
Executive Vice President
213.747.8426 office
310.880.2329 mobile
anthony@majorproperties.com
Lic. 01368565
MAJOR PROPERTIES
1200 W Olympic Blvd
Los Angeles, CA 90015
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