9315 Alcott Street Beverlywood, Ca 90035 9315 Alcott Street Beverlywood, Ca 90035

T BLOCKS OFFERING MEMORANDUM 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 ------

LOCATION OVERVIEW PRESENTED BY Location Overview Property Location

KENNY STEVENS PROPERTY SUMMARY BRE# 01090251 Property Details Property Highlights 310.963.7851 Photography [email protected] FINANCIALS Financial Overview SHANA ROSTAMI Rent Roll BRE#01925317 310.963.0901 COMPARABLES Sales Comps [email protected] Rent Comps

9454 Wilshire Blvd, Seventh Floor Beverly Hills, CA 90212 LOCATION 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 BEVERLYWOOD, CA ------

BEVERLYWOOD, CALIFORNIA

Beverlywood offers a walkable neighborhood, blocks from Beverly Hills, a blossoming public transportation system that will soon be opening, and some of the best schools in Los Angeles. Century City, Culver City, Beverly Hills and more are just a short drive away, and the shops and restaurants on Pico Boulevard are well within walking distance.

With the Rancho Park Golf Course and the Hillcrest Country Club sitting to the west, there are plenty of nearby greens to conquer. The neighborhood's HOA owns and maintains many private parks in the neighborhood (such as Circle Park), which are gated and only accessible to Beverlywood residents.

Some of the highest rated schools situated in Beverlywood are, Castle Heights Elementary, Canfield Avenue Elementary, Shenandoah Street Elementary School, and Yeshiva of Los Angeles Girls High School. One of the other highlights and convenience of Beverlywood is the walkable distance to many nearby synagogues such as Young Israel of Century City, Pico Shul, Adas Torah, Beth Jacob Congregation, and Temple Emanuel of Beverly Hills.

It is the perfect neighborhood for families, as well as young professionals, with an increase in the past few years of people ages 25-35, moving into Beverlywood. LOCATION 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 BEVERLYWOOD, CA ------Purple Line Adding Value to Beverlywood’s Premium Rental Market

9315 ALCOTT STREET LOCATION 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 OVERVIEW ------

Restaurants Il Pastaio Cedars Sinai The Ivy Medical Villa blanca Beverly Hills Center Matsro’s Steakhouse Toca Madera Gracias Madre Il Cielo Rodeo Drive Synagogues Rodeo Drive Young Israel of Century City Pico Shul Adas Torah Beth Jacob Congregation Schools Temple Emanuel of Beverly Hills Castle Heights Elementary, Canfield Avenue Elementary, Shenandoah Street Elementary School, La Cienega and Yeshiva of Los Park Angeles Girls High School Roxbury Park

9315 ALCOTT STREET

Rancho Park Golf Course Hillcrest Country Club PROPERTY SUMMARY 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 PROPERTY DETAILS ------

PROPERTY DESCRIPTION PROPERTY DETAILS Built in 2007, 9315 Alcott Street is comprised of 14 non rent Units 14 control condominiums with separate APN numbers. Located just South of Pico Blvd, in the neighborhood of Beverlywood. Major Intersection W. Pico Blvd and Alcott St The property is walking distance to a myriad of coffee shops, Market Beverlywood restaurants, and synagogues. The property features over 25,000 square feet of rentable area and is situated on a large 11,428 APN Multiple square foot lot. Comprised of (1) three-bedroom, three- Zoning Type bathroom unit, (12) three-bedroom, two and half-bathroom LAR3 units, and (1) two-bedroom, two-bathroom unit. The building Building SF 25,908 SF has been well maintained and includes a 1,500 sq. ft. gym / rec Lot Size SF room on the ground floor with kitchen and bathroom. Two 11,428 SF levels of subterranean parking for approximately 36 parking spots including guest parking. **3rd bedrooms were added without permit

PICO BLVD

ALCOTT STREET PROPERTY SUMMARY 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 PROPERTY HIGHLIGHTS ------

14 LUXURY CONDOS IN BEVERLYWOOD • PRIME Beverlywood location just blocks from Beverly Hills • Non-rent control • Built in 2007 • Individual condos with separate APN numbers • Bright spacious units average approximately 1,500 sf ft • 2 levels of subterranean parking (approx. 36 spaces including guest spots) • Ground floor has a gym/rec room with a kitchen, and bathroom, currently being used a meeting room • Penthouse units have panoramic views of Downtown and Century City PROPERTY SUMMARY 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 PROPERTY PHOTOS ------FINANCIALS 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 FINANCIAL OVERVIEW - $16,150,000 ------

INVESTMENT SUMMARY SCHEDULED INCOME Purchase Price: $16,150,000 UNIT MIX CURRENT PRO FORMA Down Payment: $16,150,000 100% Units Beds Baths Average Monthly Rent Monthly Year Built: 2007 1 3 3 $5,000 $5,000 $6,250 $6,250 Units: 14 12 3 2.5 $3,050-$3,795 $42,940 $4,500 $54,000 Approx. Lot Size: 11,428 Sq. Ft. 1 2 2 $2,650 $2,650 $3,400 $3,400 Approx. Bldg. NRSF: 25,908 Sq. Ft. Price per Unit: $1,153,571 Price per Sq. Ft. $623 Scheduled Rent: $50,590 $63,650 CURRENT PRO FORMA Storage Income: GRM: 26.53 21.10 Laundry Income: $140 $140 CAP: 1.91% 2.85% Monthly Gross Income: $50,730 $63,790 Annual Gross Income: $608,760 $765,480

ANNUAL INCOME ANNUAL EXPENSES CURRENT PRO FORMA ITEM AMOUNT Scheduled Gross Income: $608,760 $765,480 Taxes: (based on new purchase price) 1.25% $201,875 Less Vacancy Reserve Rate: ($18,263) 3.00% * ($22,964) 3.00% Insurance: $10,363 Gross Operating Income: $590,497 $742,516 Utilities: $15,545 Less Expenses: ($282,753) 46% * ($282,753) 37% Repairs & Maintenance: $24,350 Net Operating Income: $307,744 $459,762 Professional Mgmt: $23,620 Less Debt Service: $0 $0 Misc: $7,000 Pre-Tax Cash Flow: $307,744 1.91% ** $459,762 2.85% Plus Principal Reduction: $0 $0 EXPENSES ARE ESTIMATED Total Return Before Taxes: $307,744 1.91% ** $459,762 2.85% * As a percent of the scheduled gross income. ** As a percent of the down payment Total Expenses: $282,753 Expense / NRSF: $10.91 Expense / Unit: $20,197

**3rd bedrooms were added without permit FINANCIALS 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 RENT ROLL ------

Current Market Unit # Unit Type Rent Rent Move-in Date Size (sf) Notes

101 3 + 2.5 $3,700 $4,500 9/11/2011 1,620 ** 102 2 + 2 $2,650 $3,400 4/15/2010 1,242 103 3 + 2.5 $3,500 $4,500 8/1/2009 1,544 ** 201 3 + 2.5 $3,600 $4,500 10/1/2017 1,620 ** 202 3 + 2.5 $3,700 $4,500 10/1/2014 1,512 ** 203 3 + 2.5 $3,795 $4,500 7/13/2017 1,544 ** 204 3 + 2.5 $3,500 $4,500 6/4/2012 1,572 ** 301 3 + 2.5 $3,600 $4,500 8/2/2015 1,620 ** 302 3 + 2.5 $3,550 $4,500 12/20/2016 1,512 ** 303 3 + 2.5 $3,595 $4,500 2/24/2018 1,544 ** 304 3 + 2.5 $3,650 $4,500 1/20/2018 1,572 ** 401 3 + 3 $5,000 $6,250 2/10/2017 2,344 ** 402 3 + 2.5 $3,600 $4,500 5/20/2014 1,690 ** 403 3 + 2.5 $3,150 $4,500 3/1/2010 1,664 **

Laundry $140 $140

MONTHLY TOTAL: $50,730 $63,790

ANNUAL TOTAL: $608,760 $765,480

**3rd bedrooms were added without permit COMPARABLES 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 SALES COMPS ------

# of Price/ Price/ Year Property Photo Address Sale Price COE Unit Mix Comments Units Unit SF Built

9315 Alcott St (1) 3+3 $16,150,000 - 14 $1,153,571 $623 2007 (12) 3+2.5 Subject Propety Beverlywood, CA 90035 (1) 2+2

1102 Rexford Dr #301 1 Los Angeles, CA 90035 $1,115,000 2/1/18 Condo $1,115,000 $699 2006 (1) 3+2

1135 Rexford Dr #401 2 $1,309,000 12/20/17 Condo $1,309,000 $799 2005 (1) 2+3 Los Angeles, CA 90035

8866 Alcott St #PH1 $1,035,000 3 $1,035,000 1/4/18 Condo $675 2006 (1) 3+2 Los Angeles, CA 90035 COMPARABLES 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 SALES COMPS ------

1 2

9315 Alcott Street

3 Sales Comps 1 1102 Rexford Dr 2 1135 Rexford Dr 3 8866 Alcott St COMPARABLES 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 RENTAL COMPS ------

Property Photo Address Rent Unit Type Comments

$6,250 3+3

9315 Alcott Street $4,500 3+2.5 Subject Property Beverlywood, CA 90035

$3,400 2+2

1500 S Beverly Drive 8 unit luxury condominium building with 1 $5,995-$6,295 3+2.5 Los Angeles, CA 90035 tenant roof access. Built in 2018

1304 Roxbury Drive #203 2 $6,200 3+2.5 1,700 sq ft luxury unit. Los Angeles, CA 90035

1420 Ambassador Street Granite counters, stainless steel appliances 3 $3,345-$4,295 2+2 and fireplaces. Two resort style pools and Los Angeles, CA 90035 spas, fitness center, outdoor lounge area. COMPARABLES 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 RENTAL COMPS ------

9315 Alcott Street

3 1

Rental Comps 1 1500 S Beverly Drive 2 1304 Roxbury Drive 3 1420 Ambassador Street 9315 ALCOTT STREET BEVERLYWOOD, CA 90035 ------

FOR MORE INFORMATION PLEASE CONTACT:

KENNY STEVENS BRE# 01090251 310.963.7851 [email protected]

SHANA ROSTAMI BRE#01925317 310.963.0901 [email protected]

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.