1 of 7

MULTI - FAMILY
INVESTMENT
OFFERING
MAPLE AVENUE | COSTA MESA

CASA Development Intl.

2 of 7

CONTENTS
03

04

05

06

Executive

Summary

Project

Description

Source & Use

of Funds

Financial

Summary

3W, LLC | dba CASA Development Intl.

www.casaunit.com

406 Goldenrod Avenue

Corona del Mar, CA 92625

MICHAEL PARKER

CEO | Broker of Record

T 1 . 9 4 9 . 6 3 0 . 8 1 1 7

@ BuySellBuild @ iCloud.com

CASA Development Intl.

3 of 7

MAPLE AVENUE
Multi-Family Community
INVESTMENT OFFERING

AFFORDABLE
LIVING
WITH
A
MODERN
ENVIRO-CONCIOUS
DESIGN

MAPLE AVE is a 0.21ac / 9,148 square foot project

$1,400,000

site located a few blocks from WestSide Costa Mesas

Downtown area. The site is zoned for 3 apartment and
town-home units just a short walk from the trendy
Triangle Square, theater and shops.

Debt & Equity Investment

There are very few available R3 zoned potential

development project sites west of I-55. Blocks to fwy
access, less than 3 mi. to the beach, and Newport
Harbor, Hoag Hospital, 24 Hr Fitness, The OC
Fairgrounds, and Orange Coast College, the demand
for owner or rental accommodation is high. The project
will offer green-space and eco-friendly design. The City
of Costa Mesa boasts many local amenities, including
Segerstrom performing arts center, and South Coast
Plaza, access to public transit, and balboa marinas.

$520,000

$1,920,000
Return on Investment

Profit

37.15%
Levered IRR

24.33%
Net Return to Investor
Cash on Cash at Sale

CASA Development Intl.

4 of 7

MAPLE AVENUE
Project Description
Maple Avenue Project Description
Green space and a walk to Triangle Square shopping area of West Side Metro
Costa Mesas Downtown District help define this property in Coastal Orange
County. This location has a number of attractive features for those who desire to
live by the beach without the high cost of purchasing beach property.
UNIT

SQ FT

# OF
UNITS

Site / Land Area

9,148

CASA | Unit A - 3bd/2ba

1280

CASA | Unit B - 3bd/2ba

1280

CASA | Unit C - 3bd/2ba

1280

Totals

3840

Our proposed 2-story, 3 unit, semi attached town-home buildings interlinked with
parking and personal green-space will contribute to the City of Costa Mesas plan
to increase affordable and enviro-friendly housing. This town-home
development will present a warm modern icon symbiotic within the existing
neighborhood feel. A common area in the entrance of the units will create a park
space where families can come together to build their community.
The first level of the homes and entry point will be at ground level with parking
features and additional living above. This appeal will convey a simple design. The
interior courtyard of the apartments will create a sense of privacy for tenants.

CASA Development Intl.

$490,000

5 of 7

Sponsor & Investor Equity

$910,000
Total Debt

TOTAL SOURCE OF FUNDS: $1,400,000

Land Acquisition
$650,000
Construction
$450,000
Soft Costs
$175,000
Developer Fee
$100,000
Financing Costs
$25,000
_______________________________
TOTAL USE OF FUNDS: $1,400,000

CASA Development Intl.

6 of 7
INCOME

YEAR 1

YEAR 2
+3%

YEAR 3
+3%

Escalator

Rental Income

3.0%

$9,300

$9,579

$9,866

Vacancy

4.0%

$9,300
Stabilized

9578.96
-$384

9865.96
-$395

$9,300

9578.96

9865.96

$744

$766

$789

8%

8%

8%

$8556

8812.96

9076.96

$102,672

$105,755

$108,923

Cap Rate

7.3%

7.6%

7.8%

Debt Service (5.00%)

$66,736

$68,740

$70,799

Cash Flow Distributions

$35,936

$37,015

$38,124

Gross Income
Operating Costs
Ratio
Net Operating Income / Mo
Annualized Net Operating Income

24% CoC Unlevered RR

37% LEVERED IRR
$520,000 PROFIT

8%

SALE OF PROJECT
at completion (+N/A%) $1,920,000
at end of year 1 (+4%/yr) $1,997,000
at end of year 2 (+4%/yr) $2,076,000
at end of year 3 (+4%/yr) $2,160,000
Cost of sale - Marketing (5%)

CASA Development Intl.

7 of 7

CASA Development Intl.