3349 NORTH EASTERN AVE LISTING PROPOSAL
PRESENTED BY
TRACI FELLOWS AND JOSH WOLFSON
TRACI FELLOWS l Broker & Founder
With over 33 years of experience selling luxury real estate, Traci Fellows has earned her reputation as a leading market expert, formidable negotiator, bold client advocate, and unstoppable visionary in the real estate industry. Traci is always one step ahead— instinctively anticipating her clients’ needs and ready to spring into action with her talented team and partners behind her. We are more effective as a collaborative and diverse team rather than individually.
Leading the team at Fellows Luxury Group, she is a Certified Luxury Home Marketing Specialist, the exclusive real estate expert and essayist for Beverly Hills Living Magazine, and an esteemed member of the Beverly Hills Chamber of Commerce. With a constantly growing social media influence, she has an expansive international reach and delivers smart, original marketing campaigns that are as fresh, engaging, and unforgettable as she is. Her winning personality and knowledge have led her to appear on HGTV’s House Hunters and she is deeply driven to improve the lives of others, donating 10% of her professional fees to organizations who feed, clothe, and provide services to those in need. Traci’s diverse background makes her indispensable in an increasingly competitive market. Before real estate, she spent over 12 years in Private Wealth Management with prestige Wall Street firms such as Goldman Sachs, as well as a licensed securities trader. Traci brings an inimitable finance mindset, which cultivates her personal mission to create wealth for her clients through real estate. Traci’s diverse background makes her indispensable in and increasingly competitive Los Angeles real estate market.
Josh Wolfson l Executive Creat
Joshua Wolfson Broker Executive Funding Solutions DRE:01454401 NMLS: 238401 O: (310) 906-0886
[email protected]
TRUST YOUR INVESTMENT WITH US
REPUTATION MATTERS
reputation matters
Selecting the right real estate team is We crucial to the success of your property sale. In today’s competitive real estate market, the key to success is differentiation – doing common things in an uncommon way. In fact, distinction from the competition has become the cornerstone of our success. Fellows Luxury Group understands that marketing is storytelling, and we specialize in creating tailor-made marketing strategies that will effectively tell the right story, in the right media and to the best prospects, to sell your property.
EXCEPTIONAL RESULTS FOR EXCEPTIONAL PROPERTIES
PROPERTY PROJECT/INFORMATION
The plan
Property/Project INformation NOI
We List Price of $1,863,000 Cap Rate of 6% Offering $100,000 credit to create an ADU Offer one year credit of $36,000 while owners locate a commercial tenant Commission of 6% The bottom line $1,615,210.60
Integrity Fastidious Trusted Collaboration
Gross Income (From Borrower)
$151,452
Vacancy Factor
$7,573
Effective Gross Income
$143,879
Operating Expense
$32,100
Net Operating Income
$111,779
Annual Debt Service (P&I)*
$88,294
Economic Rents Coverage
1.27
PROPERTY SUMMARY / HIGHLIGHTS
Property summary
Fellows Luxury Group is pleased to We present 3347 North Eastern Avenue, a mixed use, 3 units, and one 700 sq ft. commercial space- investment property in El Sereno, California. The property is located just South of Huntington Drive. 3347 North Eastern Avenue consists of one 3 bedroom 1 bathroom unit, one 1 bedroom 1 bathroom unit, and one studio, and the potential to build a two 2 bedroom 1 bathroom ADU. All of the units are separately metered for gas and electricity. The property also offers ample surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside.
property highlights
THE HIGHLIGHTS We Residential tenants are guaranteed by both Salvation Army as well as Section 8 Well Maintained property Cap Rate 6% Potential to convert garage and storage space to 2 bedroom plus bath ADU generating $2,200 -$2,500 per month Seller will guarantee 12 months of rent for commercial space up to $36,000 Seller may credit buyer up to $100k for conversion of ADU space Listing price to be $1,863,000
MARKETING STRATEGIES
MARKETING STRATEGY We DIGITAL MEDIA STRATEGY We drive affluent investors to our website. Digital Marketing Email marketing Sales Funnels Youtube marketing Social Media Marketing Facebook Ads Google Ads LinkedIn marketing Sales B2B
Descretion Authenticity Trusted Forward-Thinking
REACHING THE AFFLUENT INVESTORS The We wealthy love to control things, that exactly why the wealthy focus on commercial real estate HNWI relationships Sports + Entertainment contacts Private Client Advisors Business /Talent Managers Acquisition Corporations Commercial Agent Relationships Nationwide commercial real estate relationships
Integrity Authenticity Trusted Collaborative Mentality
CLIENT REFERRALS
WHAT THEY ARE SAYING ABOUT US "Traci is the best! My home sat on the market for months with no activity. Traci was able to come in and sell our home within 48 hours and above asking. She came in and made it happen and I was able to move out of state while she handled the entire transaction flawlessly. Thank you for everything. You are a ROCK STAR!"
- Bebe B.
"Traci is the best! Works hard and amazing white glove service. We always felt we were her only clients when we know she had many."
- Kenneth R.
"If you are looking for a knowledgeable client focused Realtor, look no further than Traci Fellows. I live in the bay area and I needed my home in LA sold. I need a Realtor who could assist me in being hands on for the sale of my home. Traci made sure my house was listed at the optimal price to attract interest on the first day it appeared on the market. In doing so, my home sold in two days! To obtain premium dollar bids, my 108-year-old house needed some repairs, and Traci quickly brought in the right plumber for the job. She has an army of journeymen at her beckoning. Also, one of her strong suits is knowing how to identify comparable houses, negotiate in order to generate competitive bids. So, if you want the hardest working Realtor in the business by your side, call Traci Fellows. You won't regret it."
- R.A Black