12770 Caswell Avenue Los Angeles
+ Sean Vandygriff
310.990.0793 seanv@dppre.com agent lic #01892806
Real Estate Experts You Can Trust
Table of Contents 3. The Caswell 4. The Property 7. The Neighborhood 8. Teague Design 9. The Caswell Financials
The Caswell.
Live the Life You Deserve. The Caswell, located in the heart of Mar Vista, is a limited collection of residences designed by experienced and attentive architect and developer, Teague Design, the building blends a refined palette of finishes with modern functionality. The interiors are spacious, elegantly appointed and uncompromising. For investors looking for true pride of ownership and luxury rental income pricing, The Caswell delivers.
The Property
4
Offering 1 & 2 Bedroom Units + Additional Penthouse Collection Carefully selected finishes grace every surface. Innovative space planning maximizes every square inch. Open concept chef’s kitchen feature custom cabinetry and modern tiled walls with open shelving and stainless European appliances. Expansive windows throughout provide abundant natural light, with solid wood floors, Quartz countertops, Hansgrohe fixtures, in unit washer/dryer, marble bathrooms, designer light fixtures and soaring ceilings with views looking out to the Hollywood Hills and beyond (in select units). • • • • • •
12’ Ceilings Breakfast Bar Ceiling Fans Central Air and Heating Chef’s Kitchen Appliances Covered Parking
• • • • • •
Designer Light Fixtures Dishwasher Furnished Available Hardwood Floors Marble Kitchen and Bath Tile Quartz Counters
• • • • •
Soaring Windows Stainless Steel Appliances Views Available Walk-in Closets Washer and Dryer In Home
The Property
5
The Property
6
The Neighborhood
7
Palms, the oldest neighborhood in the city of Los Angeles, and Mar Vista, a popular Westside community for families, have enjoyed an uptick in popularity in recent years thanks to their central location. Both neighborhoods are known for their ethnic diversity—stop in for a class at Red Diamond Yoga or grab an Americano at Venice Grind to see what we mean. The area is home to some of the most highly educated residents in the city (UCLA is minutes away) and is in close proximity to the brand new Metro Expo Line. Palms-Mar Vista is filled with well-preserved Mid-Century Modern architecture, Craftsman, and Spanish Colonials, and architecturally significant homes from Neil Denarii, Patrick Tighe, and Gregory Ain. Top area private schools include the Windward and Wildwood schools. A short bike-ride to the ocean and everything the Westside has to offer.
Teague Design
8
Luxury Architectural Apartments Located in the heart of Mar Vista, The Caswell is a limited collection of residences designed by experienced and attentive architect and developer Teague Design. The building blends a refined palette of finishes with modern functionality. The interiors are spacious, elegantly appointed, and uncompromising. Innovative space planning maximizes every square inch. Open concept chef’s kitchen feature custom cabinetry and modern tiled walls with open shelving and stainless European appliances. Expansive windows throughout provide abundant natural light, with solid wood floors, Quartz countertops, Hansgrohe fixtures, in unit washer/dryer, marble bathrooms, designer light fixtures and soaring ceilings with views looking out to the Hollywood Hills and beyond (in select units).
Caswell Financials
9
U NIT B EDS B ATHS
S qFt
Actual
Market**** Type
201 202 203 204** 301 302 303 304 401 402 403
1,061 563 649 1,472 1,402 563 665 1,139 1,221 1,412 1,139
$4,200 $2,550 $2,550 $0 $3,950 $2,800 $2,700 $3,800 $4,980 $4,980 $4,500
$4,500 $2,800 $2,800 $1,500 $4,200 $2,800 $2,800 $4,480 $4,980 $4,980 $4,895
2 1 1 2 2 1 1 2 2 2 2
Total Income
2.5 1 1 1 2.5 1 1 2.5 2.5 2.5 2.5
$37,010 $40,735 $444,120 $488,820
Mgr/Affordable
Penthouse Penthouse Penthouse
Monthly Annual Gross
* Garage has 14 parking spaces including an ADA/Van accessible. 4 of the spaces can accomodate 2 cars tandem for a total parking of 18 cars. ** Unit 204 is an Affordable Income Unit, which has been used as the manager's unit in the past. Market rate is set by 30% of 50% of median income determined by HCIDLA. A 30 year covenant is attached to Title. CofO December 2017. *** Market rents are calculated on previous COVID19 rents. Four of the current units were given discounted rates, leased during COVID19 pandemic.
Square footage information deemed reliable, but not garunteed.
Caswell Financials
10
Property Information
Financial Information
Units Year Built Gross Sqf t Lot Sqf t APN Bed Count Bath Count Garage Count Additional Parking*
Price Price/Unit
11 2017 11,979 7,114 4236-019-015 18 15 14 4
Gross Income Expenses NOI Cap Rate GRM
Actual $444,120 $111,030 $333,090 3.42% 21.95
$9,750,000 $886, 364 Market $488,820 $111,030 $377,790 3.87% 19.95
Expenses Electric & Water Garden Service Insurance Property Taxes Pest Prevention Reserved Fund Bath Count Estimate Total
Monthly
25%
$9, 253
Annual
25%
$111,030
Square footage information deemed reliable, but not garunteed.
