HIGH VACANCY PROPERTY IN BOYLE HEIGHTS

OFFERING MEMORANDUM 1526 E 1ST STREET , CA

PROXIMITY TO ARTS DISTRICT TABLE OF CONTENTS

03 | PROPERTY OVERVIEW 07 | PROJECTED PRO FORMA FINANCIAL ANALYSIS 09 | RENT ROLL 16 | AREA OVERVIEW

EXCLUSIVELY LISTED BY

J. A. CHARLES WRIGHT VICE PRESIDENT - MULTIFAMILY

Direct +1.310.295.4374 Mobile +1.626.290.5965 [email protected] License No. 01985584 (CA)

2 MATTHEWS REAL ESTATE INVESTMENT SERVICES™ OPPORTUNITY 1526 E 1st St is in the heart of Boyle Heights, just steps to Mariachi Plaza and Mariachi PROPERTY OVERVIEW Plaza/Boyle Heights Station Metro Gold Line. The location of 1526 E 1st St offers tenants a short drive down 1st Street to the Arts District in and a short walk to the vibrant 1st Street retail, which will be the hub for re-development as this community continues to grow. This opportunity is perfect for any investor looking for a 105% upside in the property as the entire first floor has the potential for NO. OF UNITS redevelopment into 4 additional residential units or 1 or 2 retail spaces. 8

PROPERTY HIGHLIGHTS YEAR BUILT 1912 » 8 Units Built in 1912 » 4 Potential Additional Residential Units to be redeveloped as the entire 1st floor is vacant– total of 12 units for the property APN » Unit Mix: (2) One-Bedrooms, (6) Studios 5172-004-022 » Parking Spaces On-Site for each Unit » Property Not Subject to Soft-Story Retrofit GROSS SF » 6,265 Gross Square Foot Building 6,265 » 6,597 Square Foot Lot » LAM1 Zoning LOT SIZE » Separately Metered for Gas and Electricity 6,597 » Large Basement ~3,000 sq ft » Short Walk to Mariachi Plaza/Boyle Heights Station – Metro Gold Line » Short Drive to Arts District in Downtown Los Angeles

LOS ANGELES, CA 3 4 MATTHEWS REAL ESTATE INVESTMENT SERVICES™ DOWNTOWN L.A.

FELICITAS & GONZALO MENDEZ HIGH SCHOOL ±996 STUDENTS

MARIACHI PLAZA/BOYLE HEIGHTS

STATION METRO GOLD LINE

EAST 1ST STREET

LOS ANGELES, CA 5 LAC & USC KECK MEDICAL CENTER

MARIACHI PLAZA

MARIACHI PLAZA/BOYLE HEIGHTS STATION METRO GOLD LINE

EAST 1ST STREET

6 MATTHEWS REAL ESTATE INVESTMENT SERVICES™ LOS ANGELES, CA 7 FINANCIAL ANALYSIS

INVESTMENT SUMMARY Offering Price: $1,899,000 1526 E 1st St Property Address: Los Angeles, CA 90033 Price Per Unit: $237,375 Price Per S.F.: $303.11 Cap (current/market): 2.83% / 8.16% GRM (current /market): 17.86 / 8.70

PROPERTY DESCRIPTION Number of Units: 8 Year Built: 1912 APN: 5172-004-022 Gross Sq. Ft.: 6,265 Average S.F. Per Unit: 783 Lot Size: 6,597 Zoning: LAM1

UNIT MIX Total Units Unit Mix Unit Mix % Current Avg Rent Current Monthly Rent Market Rent Market Monthly Rent 6 Single 75% $1,167 $7,000 $1,350 $8,100 2 1+1 25% $930 $1,860 $1,550 $3,100 1 Single - Not Permitted 13% $0 $0 $1,350 $1,350 1 1+1 - Not Permitted 13% $0 $0 $1,550 $1,550 1 2+1 - Not Permitted 13% $0 $0 $1,900 $1,900 1 3+1 - Not Permitted 13% $0 $0 $2,200 $2,200 Scheduled Monthly Rent: $8,860 $18,200 Scheduled Yearly Rent: $106,320 $218,400

8 MATTHEWS REAL ESTATE INVESTMENT SERVICES™ ANNUALIZED OPERATING DATA CURRENT MARKET Scheduled Gross Income: $106,320 $218,400 105% Upside Less Vacancy Reserve: 5.0% $5,316 5.0% $10,920 * Gross Operating Income: $101,004 $207,480 Expenses: 44.4% $47,207 24.1% $52,531 * Net Operating Income: $53,797 $154,949 Loan Payments: $44,833 $44,833 Cash-on-Cash Return: 0.8% $8,964 10.3% $110,117 ** Plus Principal Reduction: $15,967 $15,967 Total Return Before Taxes: 2.3% $24,932 11.8% $126,084 ** * As a percent of Scheduled Gross Income ** As a percent of Down Payment

PROJECTED PRO FORMA ANNUAL OPERATING EXPENSES CURRENT PER UNIT % OF SGI *Taxes 1.250% x Sale Price $23,738 $2,967 22% *Insurance $0.45 x GSF $2,819 $352 3% Off-Site Management 5.0% x GOI $5,050 $631 5% Repairs & Maintenance $500 x Units $4,000 $500 4% Contract Services $300 x Units $2,400 $300 2% Utilities $1,000 x Units $8,000 $1,000 8% General Administration $150 x Units $1,200 $150 1% Total Expenses $47,207 $5,901 44.4%

CURRENT PER UNIT % OF SGI Non-controllable expenses: Taxes, Insurance $26,557 $3,320 25.0% Total Expense with out Taxes $23,469 $2,934 22.1%

For the purposes of this financial analysis, we are utilizing pro forma financials. A pro forma financial analysis is one that contains estimates and projections of both the income and expenses to show the possible operational performance of this investment property on an annual basis.

LOS ANGELES, CA 9 RENT ROLL

# UNIT MIX RENT NOTES MARKET RENT 1 1 Single $1,350 2nd Floor- Vacant $1,350

2 2 1+1 $660 2nd Floor - 20 yr Tenant $1,550

3 3 1+1 $1,200 2nd Floor - 2 yrs Tenant $1,550

4 4 Single $600 2nd Floor - 20 yrs Tenant $1,350

5 5 Single $1,000 2nd Floor - 1 yr Tenant $1,350

6 6 Single $1,350 2nd Floor- Vacant $1,350

7 7 Single $1,350 2nd Floor- Vacant $1,350

8 8 Single $1,350 2nd Floor- Vacant $1,350

9 9 Single - Not Permitted $0 1st Floor- Redevelopment $1,350

10 10 1+1 - Not Permitted $0 1st Floor- Redevelopment $1,550

11 11 2+1 - Not Permitted $0 1st Floor- Redevelopment $1,900

12 12 3+1 - Not Permitted $0 1st Floor- Redevelopment $2,200

Totals $8,860 $18,200 12 Averages $738 $1,517

Please contact a Matthews™ agent for financing options:

JACKSONBRIAN KREBS DAILY (949)(818) 606-9476873-0272 [email protected]@matthews.com com

10 MATTHEWS REAL ESTATE INVESTMENT SERVICES™ LOS ANGELES, CA 11 SALES COMPARABLES

12 MATTHEWS REAL ESTATE INVESTMENT SERVICES™ ADDRESS UNITS YR BUILT SQ FT PRICE PER UNIT PER FOOT CAP RATE GRM SOLD DATE NOTES (2) - 1Bd/1B 1526 E 1st St 8 1912 6,265 $1,899,000 $237,375 $303.11 2.83% 17.86 None (6) - Singles Los Angeles, CA 90033 Potential (4) - additional units to redevelop SALES COMPARABLES: MULTIFAMILY ADDRESS UNITS YR BUILT SQ FT PRICE PER UNIT PER FOOT CAP RATE GRM SOLD DATE NOTES

312 N Mathews St (1) - 3Bd/1B 10 1925 9,726 $2,450,000 $245,000 $251.90 6.15% 10.92 11/10/20 (7) - 1Bd/1B/1Den Los Angeles, CA 90033 (2) - 3Bd/1B SFH 534-538 Euclid Ave 6 1923 3,180 $825,000 $137,500 $259.43 7.76% - 11/13/20 (1) -2Bd/1B Los Angeles, CA 90063 (5) -1Bd/1B 2501 Houston St 8 1929 6,689 $1,600,000 $200,000 $239.20 4.95% - 7/15/20 (8) - 1Bd/1B Los Angeles, CA 90033 2313 Charlotte St 13 1925 6,168 $2,250,000 $173,077 $364.79 - - 8/10/20 (12) - 1Bd/1B Los Angeles, CA 90033 (1) - Single 2416-2418 Boulder St 5 1922 4,696 $1,030,000 $206,000 $219.34 5.88% 11.90 8/10/20 (4) -2Bd/1B Los Angeles, CA 90033 (1) -2Bd/1B SFH AVERAGES 8 1925 6,092 $1,631,000 $192,315 $266.93 6.19% 11.41

SALES COMPARABLES: VACANT VALUE-ADD ADDRESS UNITS YR BUILT SQ FT PRICE PER UNIT PER FOOT CAP RATE GRM SOLD DATE NOTES 131 S Boyle Ave (9) - SRO 324 sq ft. 15 1887 4,709 $1,650,000 $110,000 $350.39 6.16% 8.55 1/5/21 Los Angeles, CA 90033 (6) - Larger SRO- 408 sq ft. AVERAGES 15 1887 4,709 $1,650,000 $110,000 $350.39 6.16% 8.55

SALES COMPARABLES: MIXED USE & RETAIL ADDRESS UNITS YR BUILT SQ FT PRICE PER UNIT PER FOOT CAP RATE GRM SOLD DATE NOTES

411-419 N Rowan Ave (5) - Retail Units 5 1923 3,713 $825,000 $165,000 $222.19 4.32% - 3/9/20 Residential Space Los Angeles, CA 90063 on 2nd Floor

1912 E 1st St School: (3) - Classrooms 1 1922 3,000 $935,000 $935,000 $311.67 - - 6/25/20 (2) - Office Spaces Los Angeles, CA 90033 with two restrooms (3) - 1Bd/1B 2115-2125 E Cesar (1) -2Bd/1B E Chavez Ave 10 1910 8,158 $2,135,000 $213,500 $261.71 - - 2/1/20 (6) - Retail Spaces Los Angeles, CA 90033 2000 Sq Ft. of residential & 6158 Sq Ft. of Commercial

AVERAGES 5 1918 4,957 $1,298,333 $437,833 $265.19 4.32%

LOS ANGELES, CA 13 RENT COMPARABLES SINGLE UNITS ONE-BEDROOM UNITS

TWO-BEDROOM UNITS THREE-BEDROOM UNITS

14 MATTHEWS REAL ESTATE INVESTMENT SERVICES™ SUBJECT PROPERTY YEAR BUILT UNITS BD/B SQ RENT RENT PER FT.

Single $1,167 1526 E 1st St, Los Angeles, CA 90033 1912 8 - - 1+1 $930

SINGLE UNITS YEAR BUILT UNITS BD/B SQ RENT RENT PER FT.

323 N Soto St, Los Angeles, CA 90033 1929 18 Single 450 $1,050 $2.33

2121 Michigan Ave, Los Angeles, CA 90033 1923 15 Single 550 $1,650 $3.00

2639 4th E St, Los Angeles, CA 90033 1923 2 Single 375 $1,300 $3.47

2025 E 4th St, Los Angeles, CA 90033 1912 24 Single 550 $1,300 $2.36

AVERAGES 481 $1,325 $2.79

ONE-BEDROOM UNITS YEAR BUILT UNITS BD/B SQ RENT RENT PER FT.

2025 E 4th St, Los Angeles, CA 90033 1912 24 1Bd/1B 650 $1,495 $2.30

2746 Boulder St, Los Angeles, CA 90033 1929 8 1Bd/1B 600 $1,650 $2.75

2635 E 4th St, Los Angeles, CA 90033 1959 2 1Bd/1B 450 $1,590 $3.53

1030 Brittania St, Los Angeles, CA 90033 1969 43 1Bd/1B 500 $1,400 $2.80

AVERAGES 550 $1,534 $2.85

TWO-BEDROOM UNITS YEAR BUILT UNITS BD/B SQ RENT RENT PER FT.

110 S Soto St, Los Angeles, CA 90033 1912 10 2Bd/1B 800 $1,950 $2.44

1607 E 4th St, Los Angeles, CA 90033 1907 2 2Bd/1B 1,000 $1,850 $1.85 1512 East Cesar E Chavez Avenue 1890 2 2Bd/1B 800 $1,850 $2.31 Los Angeles, CA 90033 2811 Cincinnati St, Los Angeles, CA 90033 1914 2 2Bd/1B 1,024 $1,800 $1.76

AVERAGES 906 $1,863 $2.09

THREE-BEDROOM UNITS YEAR BUILT UNITS BD/B SQ RENT RENT PER FT.

2901 E Olympic Blvd, Los Angeles, CA 90023 - - 3Bd/1B 1,122 $2,331 $2.08

2304 Whittier Blvd, Los Angeles, CA 90023 - - 3Bd/1B 1,152 $2,095 $1.82

AVERAGES 1,137 $2,213 $1.95

LOS ANGELES, CA 15 LOS ANGELES Los Angeles officially the City of Los Angeles and often known by its initials L.A., is PROPERTY DEMOGRAPHICS the most populous city in ; the second most populous city in the United States, after New York City; and the third most populous city in North America, POPULATION 1-MILE 3-MILE 5-MILE after Mexico City and New York City. With an estimated population of nearly four 2025 Projection 41,832 379,476 1,146,467 million people, Los Angeles is the cultural, financial, and commercial center of Southern California. 2020 Estimate 42,067 382,438 1,155,028

The city of Los Angeles holds many distinctions. L.A. is the entertainment capital 2010 Census 39,206 345,798 1,090,352 of the world, a cultural mecca boasting more than 100 museums, many of them Growth 2010-2020 7.30% 10.60% 5.93% world-class, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s collection of stars (numbering more than 2,614 and growing by one or HOUSEHOLDS 1-MILE 3-MILE 5-MILE two a month) to career opportunities like those presented in the expanding tech 2025 Projection 12,091 131,747 383,886 industry, Los Angeles is the place to be. 2020 Estimate 11,714 127,353 371,483 2010 Census 9,921 103,885 328,987 Los Angeles is on the leading edge of several growth industries. The Los Angeles Growth 2020-2025 3.22% 3.45% 3.34% metropolitan area, with more than 23,000 art jobs, is the country’s leading artistic Growth 2010-2020 18.07% 22.59% 22.59% center, surpassing the previous champion, New York. In other words, Los Angeles has both a larger concentration and an absolute number of artists than New York. INCOME 1-MILE 3-MILE 5-MILE The L.A. five-county area is also a major tech center, with more than 700,000 people 2020 Avg. $70,543 $69,087 $69,528 at work in health services/biomedical activities and 190,000 people in aerospace. Household Income Here are some more facts and figures about Los Angeles: the city, the county, and the region.

Los Angeles County employs over A culturally diverse city, with a growing It is the largest and most populous 913,000 people in several growing culinary scene, shopping, museums, and city in the state of California and the industries a reputation for being the creative center cultural, financial, and commercial of America. center of Southern California. ECONOMYECONOMY ECONOMYThe LA economy is famously and heavily based on the entertainment industry, with a PROPERTY DEMOGRAPHICS Theparticular LA economy focus is onfamously television, and motion heavily pictures, based on interactive the entertainment games, and industry, recorded with music a - particularthe focus on district television, of Los motion Angeles pictures, and its interactive surrounding games, areas and are knownrecorded as musicthe “Movie - theTheCapital Hollywood LA economy of the district United is famouslyof Los States” Angeles and due heavilyand to theits surrounding based region’s on extreme the areas entertainment are commercial known as industry, the and “Movie historical Capitalwithimportance a of particular the United to the focus American States” on due motiontelevision, to the picture region’s motionindustry. extreme pictures, Other commercial significant interactive and sectors historical games, include and importancerecordedshipping/ music to international the - Americanthe Hollywood trade motion - district particularly picture of industry.Los at Angeles the Other adjacent and significant its Portsurrounding of sectors Los Angeles areas include and shipping/ international trade - particularly at the adjacent Port of Los Angeles and arePort known of Long as the Beach, “Movie together Capital comprising of the United the States”United dueStates’ to thebusiest region’s seaport extreme - as well as Portaerospace, of Long Beach, technology, together petroleum, comprising fashion the United and apparel, States’ and busiest tourism. seaport - as well as aerospace,commercial technology, and historical petroleum, importance fashion to andthe ainternationalapparel, and tourism. trade - particularly at theL.A. adjacent County Port is an of entertainment, Los Angeles and manufacturing Port of Long andBeach, international together comprising trade behemoth, L.A.thewith CountyUnited a fast-growing isStates’ an entertainment, busiest high-tech seaport manufacturing and - as digital well as media aerospace, and industry international technology, cluster trade largely petroleum, behemoth, centered in withWest a fast-growing L.A. and, increasingly, high-tech in and the digital Hollywood media area industry and beyond. cluster largely centered in fashion and apparel, and tourism. With $807 billion in annual output, West L.A. and, increasingly, in the Hollywood area and beyond. With $807 billion in annual output, Los Angeles is on the leading edge of several growth industries. The Los Angeles Los Angeles County ranks among the LosL.A.metropolitan Angeles County is an on area, entertainment, the with leading more edge manufacturing than of 23,000 several art and growth jobs, international is industries. the country’s trade The behemoth, Los leading Angeles artistic Los Angeles County ranks among the metropolitanwithcenter, a fast-growing surpassing area, with high-tech the more previous and than champion,digital 23,000 media art New jobs,industry York. is the Incluster other country’s largely words, leading centered Los Angeles artistic in has world’s largest economies. Its GDP, center,both surpassing a larger concentration the previous and champion, an absolute New number York. In otherof artists words, than Los New Angeles York. The has L.A. world’s largest economies. Its GDP, West L.A. and, increasingly, in the Hollywood area and beyond. which would rank No. 19 in the world bothfive-county a larger concentration area is also aand major an techabsolute center, number with ofmore artists than than 700,000 New York.people The at L.A.work in which would rank No. 19 in the world five-countyhealth services/biomedical area is also a major activities tech center, and 190,000with more people than in700,000 aerospace. people Here at arework some in if it were a standalone nation, is larger healthmore services/biomedical facts and figures activitiesabout Los andAngeles: 190,000 the peoplecity, the in county, aerospace. and theHere region. are some if it were a standalone nation, is larger more facts and figures about Los Angeles: the city, the county, and the region. than Switzerland and Saudi Arabia, than Switzerland and Saudi Arabia, and right behind Netherlands and MAJOR EMPLOYERS IN LOS ANGELES and right behind Netherlands and MAJOR EMPLOYERS IN LOS ANGELES Turkey, underscoring the magnitude Turkey, underscoring the magnitude of the region’s economy. of the region’s economy.

17 TOURISMTOURISM Tourism accelerated Los Angeles County’s economic prosperity in 2018 as visitors pumpedTourism accelerated an all-time Loshigh Angeles $23.9 billion County’s directly economic into the prosperity L.A. economy, in 2018 generating as visitors 50 MILLION apumped record $36.6an all-time billion high in total $23.9 economic billion directly impact. into A newthe L.A. economic economy, impact generating report 50 MILLION 50 Million People traveled to Los Angeles last releaseda record $36.6today billion by Los in Angeles total economic Tourism impact. & Convention A new Board economic demonstrates impact report the 50 Million People who50 traveledMILLION to Los Angeles last year powerreleased of tourism today by in LosLos Angeles during Tourism National & Convention Travel & BoardTourism demonstrates Week, an annual the 50 Million People who traveledyear to Los Angeles last year eventpower establishedof tourism in by Los Congress Angeles during and organized National byTravel the & U.S. Tourism Travel Week, Association an annual to celebrateevent established the impact by of Congress travel. and organized by the U.S. Travel Association to celebrate the impact of travel. Tourism supported 534,258 jobs in L.A. County’s Leisure & Hospitality sector, its highestTourism total supported on record, 534,258 employing jobs in 1 in L.A. every County’s 8.5 workers Leisure in the & Hospitality county. Reaffirming sector, its thehighest strength total onof the record, sector, employing tourism 1added in every 9,700 8.5 workersnew jobs in last the year. county. Reaffirming the strength of the sector, tourism added 9,700 new jobs last year. $22 BILLION LA visitors spent$22 $22$22 billion BILLIONBILLION on hotels, restaurants, LA visitors spent $22 billion on hotels, restaurants, LA visitorsshopping, spent attractions $22 billion and onmore hotels, restaurants,shopping, shopping, attractions attractions and more and more

525,000 There are 525,000 jobs525,000 supported by the Los Angeles There are 525,000 jobs supported by the Los Angeles tourism525,000 industry tourism industry There are 525,000 jobs supported by the Los ATTRACTIONS Angeles tourism industry ATTRACTIONSATTRACTIONS Some of the world’s best-known and most iconic landmarks and attractions call Los AngelesSome of thehome: world’s the Hollywood best-known Sign; and Griffith most iconic Observatory; landmarks the and Getty attractions Center; the call LosWalt DisneyAngeles Concert home: the Hall Hollywood at the Music Sign; Center Griffith in Downtown Observatory; L.A.; the the Getty Hollywood Center; theWalk Walt of Disney Concert Hall at the Music Center in Downtown L.A.; the Hollywood Walk of 8 YEARS Fame; the TCL Chinese Theatre; Space Shuttle Endeavour at the California Science 8 YEARS Center;Fame; the the TCL Battleship Chinese USS Theatre; Iowa locatedSpace Shuttle at the PortEndeavour of Los Angeles at the California in San Pedro; Science Air LA has celebrated 8 consecutive years of record growth ForceCenter; One the at Battleship the Ronald USS Reagan Iowa located Library; at and the Universal Port of Los Studios Angeles Hollywood, in San Pedro; with Airits LA has celebrated 8 consecutive years of record growth dynamicForce One immersive at the Ronald experience, Reagan The Library; Wizarding and Universal World of Studios Harry Potter™.Hollywood, with its dynamic immersive experience, The Wizarding World of Harry Potter™. 8 YEARS LA has celebrated 8 consecutive years of record growth 18 ARTSARTSARTS & CULTURE && CULTURECULTURE

WithWith various various museums museums and and exhibits, exhibits, Los Los Angeles Angeles is is full full of of inspiring inspiring art art andand diversediverse culturalcultural experiences.experiences. InIn fact,fact, LosLos AngelesAngeles hashas moremore museumsmuseums andand theatres theatres than than any any other other city city in in the the U.S., U.S., making making it it the the perfect perfect place place toto be be immersed immersed in in arts arts and and culture. culture. Los Los Angeles Angeles is is home home to to more more than than 105105 museums, museums, 225 225 theaters, theaters, 55 55 magnificent magnificent structuresstructures byby thethe world’sworld’s top top architectsarchitects and and 16 16 of of the the world’s world’s most most beautiful beautiful gardens. gardens. It It also also boasts boasts more more thanthan 1,500 1,500 theatrical theatrical productions productions annually. annually.

SPORTSSPORTSSPORTS

WithWith famous famous venues venues like like the the Staples Staples Center Center at at L.A. L.A. LIVE, LIVE, home home to to the the NBA’s NBA’s LosLos Angeles Angeles Lakers Lakers and and Los Los Angeles Angeles Clippers, Clippers, NHL’s NHL’s L.A. L.A. Kings, Kings, and and Dodger’s Dodger’s Stadium,Stadium, where where the the Los Los Angeles Angeles Dodgers Dodgers serve serve as as a a main main attraction attraction sports sports fansfans flock flock toto in in L.A.L.A. LosLos AngelesAngeles is is alsoalso homehome toto severalseveral esteemedesteemed universitiesuniversities thatthat have have large large sports sports followings followings such such as as USC USC and and UCLA. UCLA.

LOSLOS ANGELES ANGELES LAKERS LAKERS LOSLOS ANGELES ANGELES RAMS RAMS (National(National Basketball Basketball Association) Association) (National(National Football Football Association) Association) 18,99718,997 Avg. Avg. Attendance Attendance 71,22971,229 Avg. Avg. Attendance Attendance

LOSLOS ANGELES ANGELES DODGERS DODGERS LOSLOS ANGELES ANGELES KINGS KINGS (Major(Major League League Basketball) Basketball) (National(National Hockey Hockey Association) Association) 49,06549,065 Avg. Avg. Attendance Attendance 18,00018,000 Avg. Avg. Attendance Attendance LOS ANGELES, CA 19 CONFIDENTIALITY AGREEMENT & DISCLAIMER

This Offering Memorandum contains select information pertaining to the business and affairs of 1526 E 1st Street, Los Angeles, CA 90033 (“Property”). The Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material and information in the Offering Memorandum is unverified. Matthews Real Estate Investment Services has not made any investigation, and makes no warranty or representation, with respect to square footage, income and expenses, the future financial performance of the property, future rent, and real estate value market conditions, the condition or financial prospects of any tenant, or the tenants’ plans or intentions to continue to occupy space at the property. All prospective purchasers should conduct their own thorough due diligence investigation of each of these areas with the assistance of their accounting, construction, and legal professionals, and seek expert opinions regarding volatile market conditions given the unpredictable changes resulting from the continuing COVID-19 pandemic. The information is based in part upon information supplied by the Owner and in part upon financial information obtained from sources the Owner deems reliable. Owner, nor their officers, employees, or real estate agents make any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum, or any of its content, and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Matthews Real Estate Investment Services is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee in the Offering Memorandum. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Matthews Real Estate Investment Services.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

EXCLUSIVELY LISTED BY

J. A. CHARLES WRIGHT VICE PRESIDENT - MULTIFAMILY

Direct +1.310.295.4374 Mobile +1.626.290.5965 [email protected] License No. 01985584 (CA)

OFFERING MEMORANDUM 1526 E 1ST STREET LOS ANGELES, CA