1021 N Edinburgh Ave

39 pages
0 views
of 39

Please download to get full document.

View again

All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Share
Description
Broker’s Opinion of Value 1021 N E d i n b u r g h A v e L os A ng e l e s , CA 9 0 0 4 6 DAVID PASTERNAK RECEIVER 1875 Century Park E #2200…
Transcript
Broker’s Opinion of Value 1021 N E d i n b u r g h A v e L os A ng e l e s , CA 9 0 0 4 6 DAVID PASTERNAK RECEIVER 1875 Century Park E #2200 Los Angeles, CA 90067 June 19, 2019Broker’s Opinion of ValueCover Letter June 19th, 2019 David Pasternak, Receiver 1875 Century Park E #2200 Los Angeles, CA 90067 Re: 1021 N Edinburgh Ave, Los Angeles, CA 90046 Dear Mr. Pasternak, Enclosed is the Broker’s Opinion of Value (BOV) you requested for the above referenced property. The following are the general property characteristics. • Eight unit apartment building with covered parking. • Predominantly; one bedroom, one bath of approx. 650 Sq.Ft. • Under West Hollywood rent control ordinance. • Two units vacant + rehabled • Gross Rent $87,645 (annual) Rent at market; $168, 000 (annually) • Improvements and lot size: 4804 and 6307 Sq.ft. Referencing the market comparables (Sold at 468 SqFt). Equates to $2,248,272 which would be a 13.38 gross multiple. As the property stands the rents for 6 of the units are significantly, under market. It’s our opinion that if rents were at market, the value would be in the $2,248,272 range, however buyers would see a lower price as the incentive to reposition the property by way of paying tenants to leave early. As a result if we were to enter the market for sale at this time it should be priced no more than $2,00,000. Sincerely,Phil Seymour President DRE#006301584061 Laurel Canyon Blvd |Studio City | CA 91604 m: 310.612.9800 o: 818.432.1500 ext:1632 phil@theseymourgroup.net | www.theseymourgroup.net 1021 N Edinburgh Ave | Los Angeles | CA 900461. 2Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 3Broker’s Opinion of ValueInterior Pictures1021 N Edinburgh Ave | Los Angeles | CA 900461. 4Broker’s Opinion of ValueExterior Pictures1021 N Edinburgh Ave | Los Angeles | CA 900461. 5Broker’s Opinion of ValueMap of Comparable Properties1021 N Edinburgh Ave | Los Angeles | CA 900461. 6Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 7Broker’s Opinion of ValueSummary of Comparable Properties1021 N Edinburgh Ave | Los Angeles | CA 900461. 8Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 9SOLD ListingsBroker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 11Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 12Broker’s Opinion of Valueearthquake seismic retrofit. 1021 N Edinburgh Ave | Los Angeles | CA 900461. 13Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 14Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 15ACTIVE ListingsBroker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 17Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 18Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 19Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 20Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 21Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 22Broker’s Opinion of Valuemaintenance property, offering a tremendous rental upside.1021 N Edinburgh Ave | Los Angeles | CA 900461. 23Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 24Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 25Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 26Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 27Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 28Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 29Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 30Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 31Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 32Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 33Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 34Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 35Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 36AnalysisBroker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 38Broker’s Opinion of Value1021 N Edinburgh Ave | Los Angeles | CA 900461. 39
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks
SAVE OUR EARTH

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!

x