Apartment Building Nearby the Intersection of W

Multifamily Investment Offering Memorandum 4+1 UNIT MULTI-FAMILY RESIDENTIAL 7112 S. Harvard Boulevard • Los Angeles CA 90047

Executive Advisors:

EDWARD PAN DAVID LIN First Vice President Vice President Lic. 01894476 Lic. 01950152 Office +1 213 532 3292 Office +1 213 532 3290 Mobile +1 626 720 7698 Mobile +1 626 257 8502 865 S. Figueroa St., #3500 [email protected] [email protected] Los Angeles CA 90017

Table of Contents

Executive Summary 2 Property Overview 4 Location Overview 8 Market Highlights 12 Financial Summary 14 Comparables 18

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7112 S Harvard Blvd | Los Angeles CA 1 Executive Summary

2 Executive Summary Executive Summary

The Pacific Partners of Colliers International are pleased to present for sale 7112 S. Harvard Blvd., a 4+1 Unit multi-family apartment building nearby the intersection of W. Florence Ave. and S. Western Ave. located in an opportunity zone residential neighborhood of S. Los Angeles (the +1 unit is non-conforming). The property consists of one gated and secured two story building with surface parking on the side of the building. The entire roof was replaced in 2019 and the entire building’s electrical and plumbing were approved by the city during the 2019 construction. The building totals 6,032 rentable square feet situated on an approximately 6,084 square foot rectangular lot. Originally built in 1963, this well upkept multifamily quadraplex+1 (unpermitted unit) has a desirable unit mix HIGH DENSITY AREA – 427,405 of: (2) 2BR/1BA units and (1, non-conforming) 2+1BR/2BA unit, and (2) POPULATION IN 3 MILES RADIUS 3BR/2BA units, with 100% occupancy.

Three out of the four units currently have below market rental rates, and with updated market rents*, the property has the potential to achieve a 5.95% CAP rate in a developing neighborhood location. This apartment building is conveniently located in between Downtown Los Angeles, and the South Bay, within 3 miles to newly constructed SoFi Stadium and approx. 4 miles to the University of Southern California. 5.95% CAP RATE W/ UPDATED RENTS * = Buyer should complete their own due diligence/research on compliance for rental increases.

Investment Highlights • Priced at Below Replacement Cost | Only $207.23 Per SF • 4.80% in Place CAP Rate with 5.95% Market Cap Rate • Excellent Unit Mix of Three and Two Bedroom Units CENTRALLY LOCATED NEARBY DTLA, SOUTH BAY, • Large Size Units | Average of 1,206 SF Per Unit AND WESTSIDE LA • Newer Roof – Replaced in 2019 • Less than 3 Miles to Newly Construction SoFi Stadium & 4 Miles to USC Campus Property Overview Property Highlights

This quadraplex+1 property at 7112 S. Harvard Blvd., is comprised of • High Density Population area with High Rental Demand four total rentable units plus one additional non-compliant unit. In all, the property totals 6,032 square feet of rentable space on 0.14 acres of land. The • Well Quadraplex+1 / 3 of the 4 Units Have Approx. 18% Under subject property offers a desirable unit mix of: (2) 2 bedroom/1 bathroom Market Rental Rates units and (1) 2+1 bedroom/2 bathroom unit, and (2) 3 bedroom/2 • Unit Mix of 4+1: (2) 2BR/1-BA Units / (1, non-conforming) bathroom units. The square footage of all units at this property are larger than average, and each unit has access to surface parking or garages 2+1BR/2-BA Unit / (2) 3BR/2-BA Units with private driveways. This building is located in a densely populated • Amenities Include: Onsite Surface Parking residential neighborhood of South Los Angeles, surrounded by single • Large Units, Averging 1,206 SF per Unit family homes and other apartment buildings, and adjacent to the multitude • Minutes to Downtown Los Angeles, and South Bay of residential ammenities of W. Florence Ave. and S. Western Ave.

Located Within 3-Miles to SoFi Stadium

4 Property Overview Property Details

1 The Offering 3 Utilities Property 7112 S. Harvard Blvd. Water Single Master Meter Price $1,250,000 Electric Individually Metered Property Address 7112 S. Harvard Blvd., Los Angeles CA Gas Individually Metered APN 6015-035-032 Zoning LAC2 4 Construction 2 Site Description Foundation Concrete Number of Units 4+1 Framing Wood Number of Buildings 1 Exterior Stucco Number of Stories 2 Parking Surface Asphalt/Concrete Year Built/Renovated 1963 Roof Flat Rentable Square Feet 6,032 SF Lot Size 0.14 acre(s) Type of Ownership Fee Simple Parking Surface Landscaping Mature

Large Average Unit Size of 1,206 SF per Unit

7112 S Harvard Blvd | Los Angeles CA 5 Property Overview

6 Property Overview Financial Summary

Investment Summary Price $1,250,000 Year Built 1963 Units 4+1 Price / Unit $250,000 RSF 6,032 RSF PRICE Price / RSF $207.23 $1,250,000 Lot Size 0.14 AC Zoning LAC2 APN 6015-035-032 CAP Rate 4.80% GRM 12.70

RSF Market CAP Rate 5.95% 6,023 Market GRM 10.52

*Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.

7112 S Harvard Blvd | Los Angeles CA 7 8 SectionLocation Name Overview Amenities Map | Location Overview South View Positioned south of Downtown Los Angeles, and north of the South Bay, this property sits in close proximity to many of South Los Food & Services (within ±1 mile of Subject Property) Angeles’ most notable business establishments, easy access to • 7-11 adjacent neighborhoods, enjoys easy access to major thoroughfare • Taco Bell streets (S. Western Ave., Normandie Ave., and E. Florence Ave.), • Ralphs • McDonalds transportation, various shops, restaurants, and grocery stores, all • Starbucks located nearby. The subject property is located in a part of Los • 99 Cents Only Store Angeles that has been targeted for redevelopment as a result of • Jack in the Box • KFC the newly constructed SoFi Stadium, the Forum, and Hollywood • Chase Bank Park Casino. This neighborhoods proximity to the USC campus also • Bank of America makes it a viable option for student commuters. Nearby Retailers • Wells Fargo • Kaiser Permanente include local mom & pop shops/restaurants, grocery markets, gas • Home Depot stations, and a multitude of local dining options ranging from local • Hollywood Casino • The Forum Latino, Caribbean and American restaurants to large corporate chain restaurants. Other nearby amenities include easy access to churches and several nearby parks. This property is just minutes Schools & Public Services • Mann UCLA Community School away from the 110 freeway and benefits from easy access to • Raymond Ave. Elementary School several of Souh Los Angeles’ transportation options. • Crenshaw Christian Center • Loren Miller Elementary School • Darby Park • Animo Inglewood Charter High School •Warren Lane Elementary School Location Highlights

Moments away from Nearby Western Ave., Restaurants, Stores and 110 freeways and Schools

Close to Many Property Located Nearby Transportation Options Schools and Parks

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 9 South Los Angeles, California

South Los Angeles, formerly officially and sometimes still referred to as South-Central Los Angeles, is a region in southern Los Angeles County, LOCATION HIGHLIGHTS California, lying mostly within the city limits of Los Angeles, just south of downtown. It is “defined on Los Angeles city maps as a 16-square-mile rectangle with two prongs at the south end.” In 2003, the Los Angeles City Council renamed this area “South Los Angeles”.

The name South Los Angeles can also refer to a larger 51-square mile TOP PLACE TO LIVE area that includes areas within the city limits of Los Angeles as well Central Los Angeles is Regularly as five unincorporated neighborhoods in the southern portion of the Recognized as a Top Place to Live in CA County of Los Angeles. The City of Los Angeles delineates the South Los Angeles Community Plan area as an area of 15.5 square miles. Adjacent communities include West Adams, Baldwin Hills, and Leimert Park to the west, and Southeast Los Angeles (the 26-neighborhood area east of the Harbor Freeway) on the east. GREAT EDUCATIONAL INSTITUTIONS The subject proprty is located in the Vermont-Slauson neighborhood of South Los Angeles is Known for their Proximity to the South Los Angeles, and it is notable for its high density of population, University of Southern California its relatively mid to low household income, its youthful population, its high average household size and the percentage of its families headed by single parents. A total of 26,797 residents lived in Vermont-Slauson’s 1.44 square miles, according to the 2020 U.S. census — averaging 18,577 people per square mile, among the highest population densities in both the city and the county. DIVERSE COMMUNITY South Los Angeles has a Diverse Population, the Community Consists of The median age was 25, young for the city and the county, and the International percentages of residents younger than age 18 were among the county’s Business’ and Population highest. There were 1,370 families headed by single parents; the rate of 24.8% was considered high for both the city and the county.

10 SectionLocation Name Overview 7112 S. Harvard Blvd. Los Angeles, CA 90047

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 11 Market Highlights

Population The 2020 census estimates the population within a 1 mile radius of the subject property in South Los Angeles CA to be 40,518. The population has changed by +5.40% since 2010. It is estimated that the population within this area will be 40,524 five years from now, which represents a change of +0.01% from the current year. The current population is 46.5% male and 53.5% female. The median age of the population in this area is 35.1 years of age.

Households There are currently 12,465 households within a 1-mile radius of the subject property. The average household size in your area is 3.24 persons, with the majority at 48.1% owning their housing unit, versus 44.9% of households renting their housing.

Income In 2020 it is estimated that the average household income within a 1 mile radius of the subject property is $120,833, and $132,464 within a 3 mile radius. The current year median household income is $46,168 within a 1 mile radius, and $41,101 within a 3 mile radius of the subject property.

Race and Ethnicity The current year racial makeup within a 1 mile radius of the subject property is as follows: 17.3% White, 51.1% Black, 0.06% Native American and 0.05% Asian/Pacific Islander. Compare these to US averages which are: 70.42% White, 12.85% Black, 0.19% Native American and 5.53% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 31.49% of the current year population in the selected area, and 30.3% identifying as 2 or more races or other.

Housing The current median housing value is $457,236 within a 1 mile radius of the subject property, compare this to the US average of $217,600. The average length of residence for home owners within a 1 mile radius of the subject property is 9.89 years, and renters average length of residence being 7.45 years.

Employment In 2020, there were 4,000 employees within a 1 mile radius of the subject property, this is also known as the daytime population. The breakdown of employees is as follows: 60.4% white collar, 14.5% blue collar, 0.08% agriculture, and 25.02% classified as other. The average time traveled to work was 28.5 minutes.

12 SectionMarket Highlights Name Area Demographics Area Employment

Population 1 Mile 3 Miles 5 Miles The city of Los Angeles is home to a variety of industries Total Population 40,518 427,405 1,115,610 and employers, including perhaps most notably Medical, Male 46.5% 48.10% 48.80% Education, Retail, and Civil Employment by the City and Female 53.5% 51.90% 51.20% County. Notable employers in the south Los Angeles region include the County of Los Angeles, Los Angeles Unified Race & Ethnicity School District, City of Los Angeles DWP, and Kaiser. White 17.3% 22.0% 27.6% Black 51.1% 38.2% 28.6% American Indian / Alaska Native 0.6% 0.7% 0.8% Top 10 Employment Asian 0.5% 0.7% 2.7% Company # of Employees Hawaiian / Pacific Islander 0.1% 0.1% 0.2% County of Los Angeles 95,210 Other 26.0% 34.0% 35.7% LA Unified School District 75,670 Two or More Races 4.3% 4.3% 4.5% LA DWP 72,600 Hispanic (any race) 46.2% 59.1% 64.5% Univeristy of CA, Los Angeles 51,010 Kaiser Permanente 41,340 People of Hispanic origin may be of any or multiple race categorizations. Federal Government 30,600

Income State of CA (non-EDU) 27,990 Average Household Income $61,543 $58,876 $61,363 University of Southern CA 22,160 Median Household Income $46,168 $41,101 $42,565 Target Corp. 20,000 Northrop Gruman Corp. 18,000 Housing Median Housing Value $403,876 $457,236 $480,220 Owner Occupied 6,446 44,068 100,516 Renter Occupied 6,018 79,568 216,318

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 13 Financial Summary Rent Roll Detail as of February 2021 Current Market Current Rent/ Current Rent/SF/ Potential Rent/ Potential Rent/SF/ Unit Type Unit # Square Feet Month Month Month Month 3 Bedroom / 2 Bathroom 1 1,541 $2,200 $1.43 $2,200 $1.43 2 Bedroom / 1 Bathroom 2 950 $891 $0.94 $1,800 $1.89 2 Bedroom / 1 Bathroom 3 950 $1,700 $1.79 $1,800 $1.89 3 Bedroom / 2 Bathroom 4 1,541 $1,514 $0.98 $2,200 $1.43 2+1 Bedroom / 2 Bathroom 6519 1,050 $1,900 $1.81 $1,900 $1.81

Total/Weighted Averages 6,032 $8,205 $1.36 $9,900 $1.64

Current Potential Average Monthly Average Monthly In- Unit Type # of Units Avg SF Rental Range Average Rent Average Rent Rent/SF Income Rent/SF come 2BR / 1BA 2 950 $891-$1,700 $1,296 $1.36 $2,591 $1,800 $1.89 $3,600

2+1BR / 2BA 1 1,050 $1,900-$1,900 $1,900 $1.81 $1,900 $1,900 $1.81 $1,900

3BR / 2BA 2 1,541 $1,514-$2,200 $1,857 $1.21 $3,714 $2,200 $1.43 $4,400

Total/Weighted Avg 5 1,206 $1,641 $1.36 $8,205 $1,980 $1.64 $9,900 Gross Annualized Rents $98,460 $118,800

14 Section Name Operating Statement

Annualized Income Current Pro Forma Notes Per Unit Per SF Gross Scheduled Rent $98,460 $118,800 $23,760 $19.69 Physical Vacancy ($2,954) 3.0% ($3,564) 3.0% ($713) ($0.59) Total Vacancy ($2,954) 3.0% ($3,564) 3.0% ($713) ($0.59) Effective Gross Income $95,506 $115,236 $23,047 $19.10

Annualized Expenses Current Pro-Forma Notes Per Unit Per SF Real Estate Taxes $15,568 $15,568 [1] $3,114 $2.58 Insurance $2,098 $2,009 [2] $402 $0.33 Utilities $11,561 $11,561 [3] $2,312 $1.92 Landscaping $1,200 $1,200 [4] $240 $0.20 Repairs and Maintenance $3,820 $4,609 [5] $922 $0.76

Operating Reserves $1,250 $1,250 [6] $250 $0.21

Management Fee $0.00 $4,609 (4%) [7] $922 $0.76 Total Expenses $35,497 $40,806 $8,161 $6.76 Expenses as % of EGI 37.2% 35.4% Net Operating Income $60,009 $74,430 $14,886 $12.34

[1] New Tax Rate at 1.193027% Plus Direct Assesment of $654.78 [5] Estimated at 4% of Effective Gross Income, per Industry Standard [2] Actual [6] Estimated at $250 Per/Unit Per/Year for Long Term Capital Improvements [3] Actual [7] Pro-Forma Estimated at 4% of Effective Gross Income, per Industry Standard [4] Actual

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 15 Financial Summary - Pricing Detail

Summary Price $1,250,000 Income Current Pro-Forma Down Payment $375,000 (30%) Gross Scheduled Rent $98,460 $118,800 Number of Units 4+1 Less: Vacancy/Deductions $2,954 (3.0%) $3,564 (3.0%) Price per Unit $250,000 Total Effective Rental Income $95,506 $115,236 Price per SqFt $207.23 Effective Gross Income $95,506 $115,236 Rentable SqFt 6,032 Less: expenses $35,497 (37.2%) $40,806 (35.4%) Lot Size 0.14 Acres Net Operating Income $60,009 $74,430 Approx. Year Built 1963 Cash Flow $60,009 $74,430 Debt Service $45,697 $45,697 Net Cash Flow After Debt Service $14,313 (3.82%) $28,733 (7.66%) Returns Current Pro-Forma Principal Reduction $17,519 $18,097 Cap Rate 4.80% 5.95% Total Return $31,831 (8.49%) $46,829 (12.49%) GRM 12.70 10.52 Cash-on-Cash 3.82% 7.66%

Debt Coverage Ratio 1.31 1.63 Expenses Current Pro-Forma Real Estate Taxes $15,568 $15,568 Financing 1st Loan Insurance $2,098 $2,009 Loan Amount $875,000 Utilities $11,561 $11,561 Loan Type New Landscaping $1,200 $1,200 Interest Rate 3.25% Repairs and Maintenance $3,820 $4,609 Amortization 30 Years Operating Reserves $1,250 $1,250 Year Due 2025 Management Fee $0.00 $4,609 Loan information is subject to change. Total Expenses $35,497 $40,806 Expenses/Unit $7,099 $8,161 Expenses/SF $5.88 $6.76

16 Section Name South Los Angeles - Neighborhood Map Detail

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 17 Sales Comparables 1

18 Section Name Sales Comparables

SUBJECT PROPERTY: 7112 S HARVARD BOULEVARD | 7112 S. Harvard Blvd., Los Angeles CA 90047

Offering Price Price Per Unit Property Description Unit Type Unit Count $1,250,000 $250,000 Up for consideration is 7112 S. Harvard Blvd. in South Los Angeles, Year Built Number of Units 2BR/1BA 2 CA. This 4+1 unit apartment building 1963 4+1 2BR/2BA 1 has a desirable unit mix of (2) 2BR/1BA units, (1) 2BR/2BA unit, Building SF Price/SF 3BR/2BA 2 and (2) 3BR/2BA apt. Located 6,032 $207.23 in a residential neighborhood of Vermont-Slauson. This property sits GRM CAP Rate between DTLA and the South Bay. 12.70 4.80%

1 1849 W MARTIN LUTHER KING JR BOULEVARD | 1849 W. Martin Luther King Jr. Blvd., Los Angeles CA 90062

Sales Price / Price per Close of Escrow Property Description Unit Unit Type Unit Count 10/29/20 $1,195,000 / $298,750 Well upkept quadraplex consisting of 1BR/1BA 2 (2) 2BR/2BA, and (2) 1BR/1BA units. Year Built Number of Units 4,066 SF of rsf on a 6,938 sf lot. 4 1922 4 2BR/1BA 2 garage spaces and a large fenced backyard, Located 2.9 miles directly Building SF Price/SF north of the subject property. 121 4,066 $293.90 Days on market.

GRM CAP Rate 14.28 4.71%

2 1057 W 84TH STREET | 1057 W. 84th St., Los Angeles CA 90044

Sales Price / Price per Close of Escrow Property Description Unit Unit Type Unit Count 10/12/20 $1,050,000 / $262,500 Renovated 4 plex with great unit mix, 2BR/1BA 2 2 Separate Structure total 3,738 Sqft, Year Built Number of Units Front Structure operates as Single 1936 4 3BR/1BA 1 family 3 Bed + 2 Bath, 2nd Structure 3BR/2BA 1 consist of 3 units. New roof. Located Building SF Price/SF within 1.5 miles of the subject 3,738 $280.90 property. 27 days on market.

GRM CAP Rate 9.10 6.58%

71122315271 SBarlow Harvard N Holiston Street Blvd Ave || Los Los| Pasadena Angeles,Angeles CA 19 Sales Comparables

3 9066 S NORMANDIE AVENUE | 9066 S. Normandie Ave., Los Angeles CA 90044

Sales Price / Price per Close of Escrow Property Description Unit Unit Type Unit Count 10/06/20 $1,050,000 / $262,500 Large Fourplex Building, (2) 4 3BR/2BA 2 Bedroom/2 Baths, (2) 3 Bedroom/2 Year Built Number of Units Baths, Well Kept Condition, Sitting on 1940 4 4BR/2BA 2 a 10,800 SqFt lot. Long term tenants. The property is separately metered Building SF Price/SF for gas and electricity. Individual 4,954 $211.95 Carport Parking Spaces, Landscaped Playground Area, Corner Lot. This GRM CAP Rate property is 1.6 miles south of the 13.08 4.58% subject. 29 days on market.

4 961 W 47TH STREET | 961 W. 47th St., Los Angeles CA 90037

Sales Price / Price per Close of Escrow Property Description Unit Unit Type Unit Count 8/21/20 $1,040,000 / $260,000 Quadraplex located in south Los 2BR/1BA 4 Angeles, This property is located 2.5 Year Built Number of Units miles north of the subject property, 1913 4 in a comparable neighborhood. This building will be delivered at the time Building SF Price/SF of sale, financials based on last 3,372 $308.42 tenants. This property has RTI plans for an additional (1) - 3 Bed / 2 Bath GRM CAP Rate ADU. 57 days on market. 10.63 5.64%

5 1540 W 60TH STREET | 1540 W. 60th St., Los Angeles CA 90047

Sales Price / Price per Close of Escrow Property Description Unit Unit Type Unit Count 8/11/20 $1,099,000 / $252,250 All are 2-bed-1-bath corner units 2BR/1BA 4 and have the same floor plan. Units 1 Year Built Number of Units and 2 are both downstairs and have 1957 4 service entrances on the east side of the building. Upstairs units 3 and 4, 4 Building SF Price/SF is delivered vacant. Possibility to add 3,120 $323.40 laundry facilities and garage income. Less than 1.2 miles from the subject GRM CAP Rate property. 45 days on market. 14.86 4.40%

20 Section Name Sales Comparables

6 5227 S VERMONT AVENUE | 5227 S. Vermont Ave., Los Angeles CA 90037

Sales Price / Price per Close of Escrow Property Description Unit Unit Type Unit Count 6/26/20 $1,180,000 / $295,000 4 units all 3bed 1bath each and all 3BR/1BA 4 utilities including water separately Year Built Number of Units metered! Built in 1992, a rare 1992 4 opportunity to pick up this 4plex near USC. Approx 2.3 miles north of the Building SF Price/SF subject. Approx. 150 days on market. 4,922 $376.00

GRM CAP Rate 13.30 5.24%

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 21 Sales Comparables

Subject Property Sales Comparable Sales Comp Avg

Average CAP Rate Average GRM

Avg 12.54 Avg 5.19%

Average Price Per SQFT Average Price Per Unit Avg $271,833

Avg $299.09

22 Section Name 71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 23 Rent Comparables

24 Section Name Rent Comparables - Apartment

SUBJECT PROPERTY: 7112 S HARVARD BLVD 1 6125 S HOBART BOULEVARD 2 8257 CRENSHAW DRIVE 7112 S. Harvard Blvd., Los Angeles CA 6125 S. Hobart Blvd., Los Angeles CA 90047 8257 Crenshaw Dr., Inglewood CA 90305

Year Built Units Year Built Units Year Built Units 1963 4 1947 4 1944 4

Type Avg. Rent SF $ / SF Type Rent SF $ / SF Type Rent SF $ / SF

2BR/1BA $1,296 950 $1.36 2BR/1BA $1,850 800 $2.31 2BR/1BA $1,875 820 $2.28

2BR/2BA $1,900 1,050 $1.81 Comments Comments

3BR/2BA $1,857 1,541 $1.21 Unit Amenities: Two story apt bldg., unit is located Unit Amenities: Located walking distance to Ralphs, upstairs. 2 bed/1 bath apartment in South Los Angeles. Starbucks, Downtown Inglewood which features various Comments This property is located less than 1 mile from the subject shops, restaurants, entertainment and much more. property. Convenient access to the 405, the 110, LAX, West Side Unit Amenities: Up for consideration is 7112 S. Harvard and various other location. apartments are generously sized and have brand new wall to wall carpet. Approx 2.2 Blvd. in South Los Angeles, CA. This 4+1 unit apartment miles from the subject property. building has a desirable unit mix of (2) 2BR/1BA units, (1) 2BR/2BA unit, and (2) 3BR/2BA apt. Located in a residential neighborhood of Vermont-Slauson. This property sits between DTLA and the South Bay.

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 25 Rent Comparables

3 3530 W 67TH STREET 4 846 W 60TH STREET 3530 W. 67th St., Los Angeles CA 90043 846 W. 60th St., Los Angeles CA 90044

Year Built Units Year Built Units 1923 3 1923 3

Type Rent SF $ / SF Type Rent SF $ / SF

2BR/2BA $2,100 1,100 $1.91 3BR/2BA $2,350 900 $2.61

Comments Comments Unit Amenities: Brand new renovation, each unit comes Unit Amenities: Beautifully remodeled 3 bedroom 2 bath with stove, fridge, microwave, washer and dryer and surface in a great location. Tile and wood laminate floors! Washer parking included. Approx. 1.9 miles from the subject property. and dryer hookups. Lots of light and spacious. Located 2.1 miles from the subject property.

26 Section Name Rent Comparables

Subject Property Rent Comparable Rent Comp Avg

2BR/1BA 2BR/2BA 3BR/2BA

71122315 SBarlow Harvard Street Blvd || LosLos Angeles,Angeles CA 27 EDWARD PAN First Vice President Lic. 01894476 Office +1 213 532 3292 Mobile +1 626 720 7698 [email protected]

DAVID LIN Vice President Lic. 01950152 Office +1 213 532 3290 Mobile +1 626 257 8502 [email protected]

Colliers International 865 S. Figueroa Street | Suite 3500 Los Angeles, CA 90017 colliers.com/greaterlosangeles

2315 Barlow Street | Los Angeles, CA 28