Acquisition Proposal - 3181 La Clede Ave Los Angeles Ca 90039

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Broker Price Opinion (BPO) Real Estate Parcel # Property Address Property Owner(s) ________________________________________________ ________________________________________________ ________________________________________________ 5436-009-024 3181 Le Clede Avenue Los Angeles CA 90039 Wells Fargo NA Property Value: Repair Bid Amount: ______________ Occupied: 40,000 Vacant: ✔ As-is Condition Value Determined by: $______________ 355,000 Repaired Condition $______________ Interior Inspection: 519,000 Drive-by Inspection: ✔ Address / Price of most comparable Listing and Sale: Listing:_______________________________Price:__________DOM:______________ Sale:_________________________________Price:__________Date Closed:________ Subject Property Data: Property Type # Bedrooms # Baths Square Feet _________________ (SFR, MFR, Condo, etc.) _________________ _________________ _________________ 3175 La Clede Los Angeles CA 90039 549,000 27 2 Unit 4 Year Built Basement (Yes/No) ______________ ______________ 1960 NO YES 2.5 1,909 Listed for Sale (Yes/No) ______________ Additional Property Features: (please check if available) Air Conditioning City Water City Sewer Garage ✔ Fenced Additional Lots Deck ✔ ✔ Pool Outbuildings If property is or was listed for sale, attach listing information. Report By: Email: Phone: Ernie Espinoza ____________________________________________________ ___________________________________________________ ___________________________________________________ [email protected] 626.278.1415 INVESTMENT PROPERTY PROFORMA 11/14/2010 Address: Referred By: Asset Manager: Sqft: 1,909 4 1.75 1960 Bedrooms Baths Year Built 2 unit property - Room mix 3/1 and 1/1 Purchase at: Opening Bid Per Sq Ft $ $355,000 $355,000 186 Holding Period Sales Price (Re-Sale Value) ARV (AFTER REPAIR VALUE) Less Cost of Sales Purchase Price Construction / Repairs Delinquent Property Taxes Delinquent Special Taxes (HOA) Delinquent Federal Taxes (IRS Lien) Eviction Costs Fire Insurance Policy Recording/Doc Transfer Tax Temporary Utilities(Gas,Water,SCE) Monthly Maintenance Other - 1% Finders Fee Total Cost of Sales Gross Profit Less Point of Sale Expenses Sales Commission-In House Sales Commission-Co Op Property Taxes - Current Year Proration Escrow/Title Closing Costs Pest Inspection Report Natural Hazard Disclosure Homebuyers Warranty 1% Asset Mgt Co. Fee Total Point of Sale Expenses Contribution Margin Other Expenses Cost Of Funds Total Other Expenses Net Profit Return on Investment (Net Profit/Total Cash Investment) Annualized ROI (based on 90 day sales) 3 Per Sq Ft % 100.0% $ 271.87 Original Budget $ 519,000.00 Cash Investment 3 68.4% $ 185.96 7.7% 20.95 0.0% 0.0% 0.0% 0.0% 0.0% 0.14 0.1% 0.21 0.1% 0.16 0.05% 0.16 0.0% 76.4% $ 207.57 23.6% $ 64.30 $ $ $ $ $ $ $ $ $ $ $ $ $ 355,000.00 40,000.00 257.72 400.00 300.00 300.00 - $ $ 355,000 40,000.00 $ $ $ $ $ 257.72 400.00 300.00 300.00 396,258 396,257.72 $ 122,742.29 2.5% $ 2.5% 0.5% 0.5% 0.1% 0.1% 0.0% 0.0% 6.80 6.80 0.42 1.36 0.08 0.07 - $ $ $ $ $ $ $ $ $ $ 12,975.00 12,975.00 804.00 2,595.00 150.00 125.00 29,624.00 93,118.29 $ $ - 6.2% $ 15.52 17.5% $ 48.78 1.00% 1.0% $ 6.23 6.23 $ $ $ 11,887.73 11,887.73 81,230.55 20.50% $ - 16.5% $ 42.55 x 4 82.00% Director Director Date Director Date C:\Users\Ernesto Espinoza\Desktop\La Clede\Proforma La Clede 11/14/2010 Gmail - La Clede https://mail.google.com/mail/?ui=2&ik=4a4ae4bd62&view=pt&q=LA Cl... Ernesto Espinoza 1 message [email protected] Reply-To: Ernie Espinoza To: Ernie Espinoza Thu, Nov 11, 2010 at 2:31 PM STATUS: Active ADDRESS: 3181 LA CLEDE AVE , LOS ANGELES 90039 LP: $374,900 Add'l Photos RESIDENTIAL INCOME DOM: 44 APN: 5436-009-024 NUM UNITS: 2 APX SF: 1,909/AS YB: 1960 RC: 100 CONST: NUM STO: 0 ZONE: LARD2 ASSED IMP VAL: $26,026 Type Unit 1 Unit 2 ADP: APX LSZ: 5,401/AS APX LDM: GI: $0 GOI: 0 AOE: ATE: $0 NOI: $0 ASSED TOT VAL: Number of Units 1 1 Bedrooms 1 3 Baths 1.00 1.50 View Larger Map AREA: (21) Silver Lake - Echo MLS#: 10-481295 Park STYLE: MAP: 594/F2 POOL: No GRM: 0.00 CAP: INS: ELEC: GAS: CVD PKG: 0 TRASH: SCHED/ACT: Actual TAXES: GRDN: MAINT: MGR: ASSED LND VAL: $28,729 Furnished(y/n) No No LD: 09/27/2010 SP: 0 SD: NUM PKG: 2 WATER: VAC: 100% MGMNT: POOL EXP: ELEV: LT: 299 Revenue $0 $0 DIRECTIONS: Glendale Blvd. to La Clede Avenue. REMARKS: Great investment opportunity to own a duplex in the heart of Atwater Village. Two units on a lot. Front unit is a three bedroom one bath with open floor plan. Rear unit is a one bedroom one bath, with nice sized kitchen and living area. Tons of potential located close to shopping, schools, and public transportation. Buyer do their own investigation to satisfy themselves as to the condition, permits, and zoning. This is a Fannie Mae HomePath approved Property. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing. Call listing agent today for more information! Close by December 31, 2010 and receive up to 3.5% in 1 of 3 11/14/2010 10:04 PM Gmail - La Clede https://mail.google.com/mail/?ui=2&ik=4a4ae4bd62&view=pt&q=LA Cl... closing costs assistance! Plus, selling agent receives $1,500 bonus. Click HomePath.com Special Offers for more details or ask me. Eligibility restrictions apply. AIR: None ROOF: WATERFRONT: SEWER: EQUIP: None OWNER PAYS: SPA: LP: $374,900 OLP: $374,900 DOM: 44 HEAT: Other FIN: DISC: Lender Owned/REO TYPE: DUPLEX TENANT PAYS: OCC/SHOW: SALE TYPE: Real Estate Owned LD: 09/27/2010 CD: SP: SD: SSP: WD: BLOG Y/N: Yes AVM Y/N: Yes LP/SF: $196.39 SP/SF: Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2010 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Ernesto Espinoza DRE# 01516070 Page:1 STATUS: Active ADDRESS: 3175 LA CLEDE AVE , LOS ANGELES 90039 LP: $549,000 RESIDENTIAL INCOME APN: 5436-009-026 NUM UNITS: 2 APX SF: 1,262/VN YB: 1949 RC: CONST: NUM STO: 0 ZONE: LARD2 ASSED IMP VAL: $38,611 Type Unit 1 Add'l Photos DOM: 27 ADP: No APX LSZ: 5,401/VN APX LDM: GI: $0 GOI: 0 AOE: ATE: $0 NOI: $0 ASSED TOT VAL: Number of Units 2 View Larger Map AREA: (22) Los Feliz MLS#: 10-484975 STYLE: Mid-Century MAP: 594/F2 POOL: No CVD PKG: 2 TRASH: GRM: 11.98 SCHED/ACT: Scheduled CAP: TAXES: INS: GRDN: ELEC: MAINT: GAS: MGR: ASSED LND VAL: $172,005 Bedrooms 2 Baths 1.00 Furnished(y/n) No LD: 10/14/2010 SP: 0 SD: NUM PKG: 4 WATER: VAC: 100 MGMNT: POOL EXP: ELEV: LT: 299 Revenue $2,000 DIRECTIONS: WEST OF FLETCHER, NORTH OF PERLITA. REMARKS: "I feel the need the need for La Clede." Two sweet mid-century homes on one lot with 2 bedrooms and 1 bath each! New hardwood floors, renovated kitchens and baths, new central A/C and heat, bolted foundations, separate yard spaces and two garages perfect for storage, studio space or a launching pad for Rock-n-Roll greatness. This property is chock-full of possibilities: live in one and rent out the other to minimize your mortgage, buy with a buddy and 2 of 3 11/14/2010 10:04 PM Gmail - La Clede https://mail.google.com/mail/?ui=2&ik=4a4ae4bd62&view=pt&q=LA Cl... enjoy your own mid-century compound, or be lord/lady of the land and bathe in the stream of rental income. Whatever you choose to do with this property, Group3 guarantees you’ll do it in style. AIR: Central ROOF: WATERFRONT: SEWER: In Street EQUIP: Dishwasher,Garbage Disposal,Range/Oven OWNER PAYS: SPA: LP: $549,000 OLP: $575,000 DOM: 27 LD: 10/14/2010 CD: HEAT: Central FIN: Cash To New Loan DISC: None TYPE: Detached TENANT PAYS: OCC/SHOW: MLS Lock Box,Supra Lock Box,Vacant SALE TYPE: Standard SP: SD: SSP: WD: BLOG Y/N: Yes AVM Y/N: Yes LP/SF: $435.02 SP/SF: Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2010 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Ernesto Espinoza DRE# 01516070 Page:2 3 of 3 11/14/2010 10:04 PM