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ROM Estimate

4521 Sunset Blvd — Every line requires a source

Line ItemAmountSource
Acquisition Cost
Demolition & Abatement
Structural Modifications
MEP Rough-In
Bay Buildout (30 bays)
Equipment (Owner-Furnished)
Fire Protection
Soft Costs (Design, Permits, Legal)
Contingency%$300,000

Revenue Assumptions

Total Renovation

$2,585,000

Total Investment

$5,785,000

Per Bay

$192,833

Cost Confidence

63%

Annual Revenue

$1,620,000

Projected NOI

$1,053,000

Cap Rate

18.2%

Payback

5.5 yrs

TRUE Cost

$6,034,231

Incl $249,231 rev delay

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