Land Portfolio VAL VERDE, CA

™

EXCLUSIVELY LISTED BY

DANIEL WITHERS JOHN BOYETT Senior Vice President, Multifamily Associate, Multifamily

Direct +1.818.923.6107 Direct +1.818.923.6226 Mobile +1.310.365.5054 Mobile +1.707.815.7472 [email protected] [email protected] License No. 01325901 (CA) License No. 02056759 (CA)

OFFERING MEMORANDUM OPPORTUNITY MatthewsTM is proud to present a combination of lots located in Val Verde, Price: $2.85 Per SF a northern neighborhood of Los Angles County. The offering consists of stand-alone parcels as well as several contiguous parcels. The 17 parcels total 223,512 square feet equaling a total price of $869,355.45. All lots are zoned Lcr1*. There are several nearby attractions including but not limited to; Lake Total Land SF: 223,512 Pyramid, , and Magic Mountain. Buyer to conduct their own research on highest and best use.

2 MATTHEWS REAL ESTATE 5 INVESTMENT SUMMARY Parcel Number SF Sale Price 1 3271-007-008 10,336 $29,458 3271-007-009 9,902 $28,221 4 3271-007-010 9,022 $25,713 3271-007-011 7,690 $21,917 3271-007-012 7,749 $22,085 Total Contiguous 44,699 $127,392

2 3271-007-036 3,612 $10,294 3271-007-037 3,083 $8,787 7 Total Contiguous 6,695 $19,081 3 3 3271-018-033 4,938 $14,073 3271-018-034 4,981 $14,196 3271-018-035 4,958 $14,130 3271-018-036 5,091 $14,509 3271-018-037 5,072 $14,455 3271-018-038 5,091 $14,509 Total Contiguous 30,131 $85,873

4 3270-009-031 41,920 $119,472

5 3270-010-003 80,336 $228,958

6 3271-008-027 12,168 $34,679

7 3271-020-061 7,563 $21,555 2 Total $869,355 1 6

VAL VERDE, CA 3 SALES COMPARABLES

PARCEL NUMBER CITY STATE SALE DATE SALES PRICE LOT AREA SQFT PRICE PER SF ZONING 3270-016-062 Val Verde CA 3/27/19 $10,000.00 4,857 $2.06 Lcr1* 3270-013-015 Val Verde CA 1/17/18 $26,000.00 13,457 $1.93 Lcr1* 3270-010-019 Val Verde CA 1/25/19 $13,000.00 7,086 $1.83 Lcr1* 3270-009-058 Val Verde CA 11/30/18 $17,090.00 2,667 $6.41 Lcr1* 3270-009-037 Val Verde CA 12/28/17 $7,000.00 4,591 $1.52 Lcr1* 3270-009-035 Val Verde CA 5/9/17 $5,000.00 5,257 $0.95 Lcr1* 3270-007-040 Val Verde CA 12/15/17 $11,000.00 3,873 $2.84 Lcr3* 3270-005-027 Val Verde CA 1/31/18 $49,000.00 26,283 $1.86 Lcr1* 3270-002-027 Val Verde CA 12/28/17 $9,000.00 11,119 $0.81 Lcr1* 3270-002-001 Val Verde CA 12/28/17 $7,000.00 5,121 $1.37 Lcr1* 3271-011-026 Val Verde CA 2/2/18 $65,000.00 16,907 $3.84 Lcr1* 3271-012-015 Val Verde CA 10/12/18 $5,000.00 5,441 $0.92 Lcr1* 3271-015-054 Val Verde CA 6/19/17 $16,500.00 5,675 $2.91 Lcr1* 3271-016-010 Val Verde CA 4/19/18 $5,000.00 5,781 $0.86 Lcr1* 3271-017-012 Val Verde CA 8/24/17 $4,000.00 4,843 $0.83 Lcr1* 3271-019-008 Val Verde CA 6/28/18 $40,000.00 5,450 $7.34 Lcr1* 3271-020-014 Val Verde CA 4/19/18 $5,000.00 4,854 $1.03 Lcr1* 3271-020-015 Val Verde CA 4/19/18 $5,000.00 5,065 $0.99 Lcr1* 3271-020-020 Val Verde CA 12/28/17 $10,000.00 5,500 $1.82 Lcr1* 3271-022-019 Val Verde CA 12/15/17 $20,500.00 5,036 $4.07 Lcr1* 3272-027-027 Val Verde CA 9/5/17 $16,000.00 5,534 $2.89 Lcr1* 3271-008-042 Val Verde CA 8/22/17 $12,000.00 6,023 $1.99 Lcr1* 3271-008-016 Val Verde CA 11/16/17 $9,000.00 9,330 $0.96 Lcr1* 3271-008-007 Val Verde CA 3/21/19 $14,000.00 3,881 $3.61 Lcr1* 3271-019-025 Val Verde CA 9/6/18 $24,000.00 6,023 $3.98 Lcr1* Averages 6,752 $2.99

4 MATTHEWS REAL ESTATE AREA OVERVIEW

Santa Clarita is the third largest city in County. The city has annexed a number of unincorporated areas, contributing to the large population increase. It is located about 35 miles northwest of , and occupies most of the . It has also been recoginized as the 18th of the top 100 places to live.

The best part is Santa Clarita is centrally located to everything in L.A and is home to and Hurricane Harbor! Just 30 minutes north of downtown Los Angeles, the city boasts year-round fun, abundant sunshine, a unique blend of upscale sophistication and small town charm, historic elements, destination dining, signature shopping, outdoor adventure, and a variety of world-class events, scenic drives and attractions. These characteristics and more make Santa Clarita a must see destination when visiting Southern plus the location makes Santa Clarita the ideal home base for Los Angeles and Ventura County adventures.

VAL VERDE, CA 5 LOS ANGELES, CA As the second largest metropolitan area in the United States, the Los Angeles Metropolitan Statistical Area, or the Southland, consists of both Los Angeles and Orange Counties. These two counties also make up the inner core of the urbanized region. Los Angeles County, one of California’s original 27 counties, is one of the nation’s largest counties both in land area and population. With nearly 10 million residents, the Los Angeles population accounts for approximately 27 percent of California’s population. The area continues to grow, especially given the vigorous residential development in downtown LA.

Famously known for a heavily entertainment industry based economy, the Los Angeles metropolitan area attracts many visitors. Consequently, leisure and hospitality is also a leading industry and has experienced recent growth in employment. It is now the sixth largest hotel market in the United Sates. The Los Angeles-Orange County metro area alone has an enormous economy with an estimate $866 billion GMP. Together with Ventura, Riverside and San Bernardino Counties, Orange and Los Angeles county make up the Greater Los Angeles Area, a combined statistical area that is the third largest economic center in the world after the Greater Tokyo and New York metropolitan areas.

6 MATTHEWS REAL ESTATE POPULATION AT A GLANCE ECONOMY The LA economy is famously and heavily based on the entertainment industry, with a particular focus on television, motion pictures, interactive games, and recorded music - the district of Los Angeles and its surrounding areas are known as the “Movie 18.7 MIL $56,551 4.4% Capital of the United States” due to the region’s extreme commercial and historical POPULATION MEDIAN UNEMPLOYMENT importance to the American motion picture industry. Other significant sectors include HOUSEHOLD INCOME RATE shipping/ international trade - particularly at the adjacent Port of Los Angeles and Port of Long Beach, together comprising the United States’ busiest seaport - as well as DEMOGRAPHICS - VAL VERDE (CDP) aerospace, technology, petroleum, fashion and apparel, and tourism. POPULATION 2000 Census 2,123 2010 Census 2,468 2019 Estimate 2,277 TOP EMPLOYERS 2024 Projection 2,384 Population Growth 4.70% (2019-2024) HOUSEHOLDS 2000 Census 612 2010 Census 703 2019 Estimate 642 2024 Projection 670 Households Growth 4.36% (2019-2024) INCOME 2019 Avg. $98,173.00 Household Income

VAL VERDE, CA 7 This Offering Memorandum contains select information pertaining to the business and affairs ofLand Portfolio located in Val Verde CDP (“Property”). It has been prepared by Matthews Real Estate Investment Services. This 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 is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents 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 and conduct their own due diligence.

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. 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

DANIEL WITHERS JOHN BOYETT SENIOR VICE PRESIDENT ASSOCIATE MULTIFAMILY MULTIFAMILY

Direct +1.818.923.6107 Direct +1.818.923.6226 Mobile +1.310.365.5054 Mobile +1.707.815.7472 [email protected] [email protected] License No. 01325901 (CA) License No. 02056759 (CA)