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3400 CHapman Street - FLYER

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					                                     3400 Chapman Street
                                        Los Angeles, CA 90065

ApartmentBuildingTrader.com
             Putting You in Touch With the Pulse of the Market!




Price: $ 1,900,000
Units: 12 + 1
Complete Package Available at:
www.AptBldgTrader.com

♦   Non Rent Control Excellent Unit Mix Consisting of 11 (2+2+D), 1 (1+1+D), 1 Bach
♦   Located Just East of San Fernando Road & North of The Glendale Freeway
♦   Built In 1989 With Huge Units Averaging 1,151 Sq. Ft. & Solid Rental Upside
♦   Subterranean Parking Including 23 Spaces and Two Laundry Rooms
♦   Located Just Across From Forest Lawn Memorial Park
♦   Solid Cash Flow On Actual Numbers With 35 % Down & Low Cost Per Sq. Ft.


Raymond A. Rodriguez
Senior Advisor
(818) 206-0476                                             RE/MAX COMMERCIAL
Ray@AptBldgTrader.com                                      23586 Calabasas Rd.
                                                           Calabasas, CA 91302
                                                           Fax: 818-206-5730
                                                           Website: www.AptBldgTrader.com
Raymond A. Rodriguez, Senior Advisor                   Info@AptBldgTrader.com
Tel. 818.206.0476 Fax. 866.578.1771                    www.AptBldgTrader.com
12 Units
3400 Chapman St
Classel Park, CA 90065
 Summary                               Current            Market             Financing
 Price:                              $1,900,000                             Proposed Financing:
 Down Payment         35%             $665,000                              First Loan Amount:  $1,235,000 New
 Number of Units:                         12                                Terms:              30 years
 Cost per Legal Unit:                 $158,333                              Interest rate:      5.420%     3yr fixed
 Current GRM:                            10.30              9.32
 Current CAP:                           6.43%               7.4%             Highlights:
 Approx. Age:                            1989
 Approx. Gross RSF:                     13,812                          * Excellent Unit Mix                               * Low Maintenance
 Cost per Gross RSF:                   $137.56                          * Non Rent Control                                 * Strong Rental Mrkt
 Approx Lot Size:                        9,600                          * Huge Units (1,151 Sq Ft)                         * Solid Cash Flow
 Zoning:                                LA-RD
 Parking:                                 23
 Annualized Operating Data                             Actual                                               Market
                                                       Current Rents                                        Market Rents
 Scheduled Gross Income:                                 $184,500                                            $203,940
 Less Vacancy Rate Reserve:                                ($3,690)                2% *                       ($4,079)      2% *
 Gross Operating Income:                                 $180,810                                            $199,861
 Less Expenses:                                          ($58,649)                32% *                      ($58,649)    29% *
 Net Operating Income:                                   $122,161                                            $141,212
 Less Loan Payments:                                     ($83,404)                                           ($83,404)
 Pre-Tax Cash Flow:                                       $38,757                5.8% **                      $57,808     8.7% **
 Plus Principal Reduction:                                $17,288                                             $17,288
 Total Return Before Taxes:                               $56,045                8.4% **                      $75,097    11.3% **

             * As a percent of Scheduled Gross Income.
            ** As a percent of Down Payment.

 Scheduled Income                                                                                         Estimated Annualized Expenses
                              Current Rents                                  Market Rents                   Taxes      2008
   No.       Bdrms/ Approx Monthly Avg   Monthly                          Monthly     Monthly                 Tax Rate   1.25%          $23,750
 of Units    Baths Sq.Ft.   Rent/Unit    Income                           Rent/Unit   Income                Insurance (New)              $4,834
     1      NC Bach           $650        $650                              $795       $795                 Maint. & Repairs             $6,500
     1       1+1+D            $950        $950                             $1,050     $1,050                Utilities                   $11,700
    11       2+2+D           $1,225     $13,475                            $1,350    $14,850                Rubbish                      $1,235
                                                                                                            Misc/Reserves                $3,250

                                                                                                          Resident Mgr.
                                                                                                          Off Site Mgmt.                 $7,380
 Total Scheduled Rent:                                   $15,075                           $16,695
 Laundry:                                                 $300                              $300
 Other Income:                                                                                              *Total Expenses:            $58,649
 Monthly Scheduled Gross Income:                          $15,375                          $16,995          Per Gross Sq. Ft.:            $4.25
 Annual Scheduled Gross Income:                          $184,500                         $203,940          Expenses Per Unit:        $4,887.42

 Utilities Paid by Tenant:         Electric & Gas
                      This information has been secured from sources we believe to be reliable, but we make no representations
                    or warranties, expressed or implied as to the accuracy of the information. References to square footage or age
                               are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY ADDRESS                                                                CITY                                    STATE       ZIP CODE
 3400 Chapman Ave                                                                          Glassel Park                     CA                 90065
TOTAL # OF UNITS:                 # OF VACANT UNITS:                            # OF FURNISHED UNITS:                               # OF SECTION 8 UNITS
12                                0                                                NONE
 APT # TENANT'S NAME              BDR/BATH         SQ. FT.         RENTS        MOVE IN DATE           DEPOSITS                     SEC8 Y/N CONCESSIONS
 101                                  2     2         Den        $1,300.00           MGR.                                                             $800.00
 102                                  2     2         Den        $1,150.00
 103                                  2     2         Den        $1,100.00
 104                                  1     1         Den         $950.00
 105                                  2     2         Den        $1,150.00
 106                                  2     2         Den        $1,150.00
 201                                  2     2         Den        $1,225.00
 202                                  2     2         Den        $1,300.00
 203                                  2     2         Den        $1,225.00
 204                                  2     2         Den        $1,350.00
 205                                  2     2         Den        $1,225.00
 206                                  2     2         Den        $1,300.00
 104A                                 0     1         Den          650.00              NC




MONTHLY RENTAL INCOME                 $15,075.00               ALL COLUMNS & SECTIONS MUST BE COMPLETED
MONTHLY LAUNDRY INCOME                 $300.00      What utilities are included in rent?            Electricity             Cable       Gas
MONTHLY STORAGE/PRK INCOME                                                                      X   Garbage             X   Water       Heat
OTHER:                                 $0.00
TOTAL GROSS MONTHLY INCOME        $15,375.00 Is the property subject to rent control?                             YES         NO    X
                                                   If YES, what is the current allowable increase per annum?                                   %
                                                   What has been your average monthly occupancy rate over the prededing
                                                   12 MONTHS                                    %




I certify under penalty of perjury that the information herein is true and correct as of :
                                                   DATE                                                                                        DATE
BORROWER/SELLER                                                                 BORROWER/SELLER
Subject Property Map of

              3400 Chapman Street, Glassell Park, CA 90065




                              RE/MAX COMMERCIAL
                     Apartment Building Trader Investment Group
                   23586 Calabasas Road, Calabasas, California 91302
                       Tel: (818) 206-0476 Fax: (818) 206-5730
                          www.ApartmenBuildingTrader.com
                           Email: Info@aptbldgtrader.com

				
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