4252 | Leimert Park, CA Enduring Earning Potential in L.A. Hotspot

KITTY WALLACE Senior Executive Vice President Lic. 01218779 +1 310 622 1900 [email protected]

Colliers International 11601 Wilshire Boulevard., Suite 1950 , CA 90025 EXECUTIVE SUMMARY As exclusive advisor to the seller, Colliers International is pleased to present the opportunity to acquire a rare new construction multifamily property at 4252 Crenshaw Boulevard in Leimert Park, Los Angeles, California. The property, well situated immediately adjacent to a future stop for the highly anticipated Crenshaw/LAX Metro light rail line, benefits from a central Los Angeles location in one of the hottest up-and-coming neighborhoods in the city. Within easy commuting distance to major employment centers of Downtown Los Angeles and Culver City, the property attracts those seeking a quality and contemporary living experience at a discount to pricier West L.A. and Downtown markets without compromising class. Its residents appreciate the property’s proximity to Baldwin Hills Crenshaw Plaza, as well as countless independent neighborhood gems. The property’s relative quality, central location and unmatched opportunity for long-term earning potential together promise to provide investors with stability and excellent upside.

2 | 4252 Crenshaw Offering Memorandum TABLE OF CONTENTS

04 The Highlights

06 The Property

10 The Market

20 The Numbers

Colliers International | 3 INVESTMENT HIGHLIGHTS STRONG MULTIFAMILY FUNDAMENTALS • Submarket occupancy averaged 97.8% over the past five years. • Asking rents in Leimert Park are expected to grow by an average of 7.5% over the next three years. • Home values in the area have risen 11.5% over the past year. • The population is 1,210,765 with an employee base of 586,019 within a five-mile radius of the property.

SUPERIOR ACCESSIBILITY • The property will be just a one-minute walk from the for the Crenshaw Metro Line, connecting residents to LAX and the South Bay. • At least seven bus stops are located within walking distance of the property, offering easy access to the surrounding area. • Just two miles from the 10 Freeway and five miles from the 405 Freeway, the property benefits from easy access to two of the most-used thoroughfares in Los Angeles.

2020 CONSTRUCTION IN IMPROVING MARKET • 4252 Crenshaw is Leimert Park’s first and only new construction apartments in more than 30 years. • The four-level construction building sits on approximately 24,829 square feet of land. • Newly built with air conditioning, WiFi, rooftop decks and outdoor patios featuring BBQs and dog runs, the property features pricing similar to aging neighboring buildings.

4 | 4252 Crenshaw Offering Memorandum Colliers International | 5 PROPERTY OVERVIEW

PROPERTY SUMMARY

4252 Crenshaw Boulevard ADDRESS Los Angeles, CA 90008

LOT SIZE 24,829 SF

LAND ACRES 0.57 AC

BUILDINGS 1

NO. OF FLOORS 4 + Rooftop Deck

TOTAL UNITS 111

TOTAL BUILDING SF 46,898 SF

PARKING SPACES Street

YEAR BUILT 2020 Quality New Construction Multifamily Opportunity in Promising Pocket of Los Angeles

6 | 4252 Crenshaw Offering Memorandum BUILDING AMENITIES • Rooftop Lounge with Fire Pit • Ground Level Backyard Garden IN-UNIT FEATURES • BBQ Area with Entertainment Space Light-Filled Homes with 9’ Ceilings and Open • Outdoor Games Sweeping Views Floor Plans • Citrus Grove

• Tech Connect Lounge & Clubhouse Energy Efficient Black Vinyl Plank Floors • Community Room Fridges • Business Center and Lobby Lounge • Spectrum High-Speed Internet Quartz Countertops Keyless Entry (FOB) • Private Dog Run/Pet-Friendly • Live/Work Space

• Package Storage and Amazon Lockers Spacious Bathrooms with High Speed WiFi • Resident Bike Storage Area Tub and Shower • Full Time Property Manager and Maintenance

• Secured Access with Video Monitoring Patio and Balcony Space Air Conditioning for Select Homes • Elevator Access to Each Floor • Card Operated Laundry • Public Transportation

Colliers International | 7 STUDIO

8 | 4252 Crenshaw Offering Memorandum ONE BEDROOM

Colliers International | 9 LOCATION OVERVIEW

The property at 4252 Crenshaw Boulevard is situated on one of the major thoroughfares of the up-and-coming neighborhood of Leimert Park in Los Angeles.

SHOPPING RECREATION 1. Baldwin Hills 1. Museum Of African • Steps away from the entryway for Crenshaw Mall American Art the coming Leimert Park Station on 2. Albertsons 2. Fernando Pullum the Crenshaw/LAX Metro Line 3. Eso Won Books Art Center 4. Staples 3. The Metaphor Club • Five-minute walk to ample 5. Right Choice 4. Leimert Park Plaza amenities, including Baldwin Hills Caribbean Market 5. Barbara Morrison 6. Dawah Bookshop Performing Arts Center Crenshaw Plaza 6. California Jazz and Blues Museum SCHOOLS • Centered between major employment 7. World Stage hubs of Downtown Los Angeles and 1. 42nd Street Performance Gallery Culver City Elementary School 8. Art + Practice 2. Crenshaw Magnet School Exhibition Space • Assigned K-1 schools within 3. Audubon Middle School 9. Vision Theatre walking distance (less than a mile) of the property FOOD & DRINK TRANSIT 1. Swift Cafe 1. Crenshaw / Stocker 2. Post & Beam 2. 43rd / Crenshaw 3. Taco Mell 3. Crenshaw / Homeland 4. Ackee Bamboo 4. Crenshaw/ Vernon 5. Hot and Cool Cafe 5. Vernon/ Leimert 6. Harun Coffee 6. Vernon/ Crenshaw 7. Delicious Southern 7. Leimert Park Station Cuisine 8. Buffalo Wild Wings

10 | 4252 Crenshaw Offering Memorandum 2 LOCAL AMENITIES 8

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Colliers International | 11 LOS ANGELES

Los Angeles County is the most populous county in the United States, with more than 10 million inhabitants as of 2019. As such, it is the largest non– state level government entity in the United States. Its population is larger than that of 41 individual U.S. states. It is the third-largest metropolitan economy in the world, with a Nominal GDP of over $700 billion—larger than the GDPs of Belgium, Norway, and Taiwan. It has 88 incorporated POPULATION & EMPLOYMENT cities and many unincorporated areas and, at 4,083 square miles (10,570 • #1 most populous county in the U.S. km2), it is larger than the combined areas of Delaware and Rhode Island. • +5 million labor force with +244,000 businesses The county is home to more than one-quarter of California residents and is one of the most ethnically diverse counties in the U.S. Its county seat, ECONOMIC DRIVERS Los Angeles, is also California’s most populous city and the nation’s second largest city with about 4 million people. • #1 largest economy in the U.S. • $700 billion GDP in L.A. metro area in 2018 ECONOMIC IMPACT • 26 Fortune 500 headquarters Los Angeles County is commonly associated with the entertainment and digital media industry; all six major film studios—Paramount Pictures, 21st INTERNATIONAL TRADE Century Fox, Sony, Warner Bros., Universal Pictures, and Walt Disney • #1 largest customs district in the U.S. Studios—are located within the county. Numerous other major industries also define the economy of Los Angeles County, including international • #1 in imports, exports and total port tonnage in trade supported by the Port of Los Angeles and the Port of Long Beach, the U.S. music recording and production, aerospace and defense, fashion, and • +$118 billion of total trade in 2019 professional services such as law, medicine, engineering and design services, financial services and more. High-tech sector employment within TOURISM Los Angeles County is 368,500 workers, and manufacturing employment within Los Angeles County is 365,000 workers. • +50 million visitors to L.A. County in 2018 • $288 million generated in L.A. transient occupancy tax in 2018 • 547,000 jobs supported by leisure & hospitality sectors in 2018

12 | Venue Offering Memorandum WEST HOLLYWOOD BEVERLY HILLS 30 Minutes Away 20 Minutes Away BRENTWOOD 25 Minutes Away

DOWNTOWN LA CENTURY CITY 20 Minutes Away 20 Minutes Away

SANTA MONICA 20 Minutes Away

CULVER CITY 15 Minutes Away

VENICE INGLEWOOD 25 Minutes Away 15 Minutes Away

LAX 15 Minutes Away Colliers International | 13 LEIMERT PARK

The center of contemporary African-American art, music and culture in Los Angeles, Leimert Park is a historically rich neighborhood and a premier hub for culture and diversity in Los Angeles. The neighborhood was one of the first planned communities in Southern California, named after developer Walter H. Leimert in 1928. Regarded as a model for urban planning, with car traffic near schools minimized, utility wires hidden from view and characterful tree-lined streets, the community affords residents the opportunity to cherish a friendly small-town environment while maintaining proximity to major employment hubs such as Culver City and Downtown Los Angeles. New developments and improved mass transit options within the city have lately drawn an influx of high-income young professionals to the area. Baldwin Hills Crenshaw Plaza has been approved by the city to undergo a major transformation. Owner Capri Capital Partners, which is marketing the project for sale, has lined up entitlements for a mixed-use complex boasting 941 condos and apartments alongside a 400-room hotel and new offices, restaurants and retail space. In addition, LA Metro’s new Crenshaw Line is expected to be completed in 2021, and will extend from the existing Exposition Line down to LAX. Named one of the top 10 places where L.A. home prices have increased most, according to Curbed Los Angeles as recently as December 2019, the area has seen the median sale price of homes jump 118% over nine years, growing from $334,42 in 2010 to $730,000 in 2019. Serving the area’s increasingly affluent resident base, the city’s main artery is getting an overhaul of trendy boutiques and restaurants, poising the neighborhood to be a premier South L.A. neighborhood for years to come.

14 | Venue Offering Memorandum MARKET HIGHLIGHTS

Leimart Park home values Population is 1,210,765 Average household income have risen 11.5% over within a five-mile radius of $74,011 within a the past year of the property one-mile radius

Submarket asking rents Submarket occupancy Employee base of are expected to grow by an averaged 97.9% over 586,019 within a five-mile average of 7.5% over the the past year radius of the property next three years

Colliers International | 15 RECENT BALDWIN HILLS/LEIMERT PARK DEVELOPMENT

The neighborhoods immediately surrounding the subject property and along the budding Crenshaw/LAX Metro line are experiencing exceptional growth. Further spurring this development is the planned opening of the $2 billion Inglewood NFL stadium, expected to open shortly after the metro line in 2022. Notable nearby developments include:

DESTINATION CRENSHAW DORSET VILLAGE REDEVELOPMENT An open-air museum proposed for a 1.3-mile stretch of Crenshaw Boulevard, By tearing down an existing 206-unit 1940s-era apartment building and Destination Crenshaw is a project designed by Perkins + Will and Studio- starting anew, billionaire developer Jeff Greene plans to nearly quadruple the MLA that promises to combine elements of both park and gallery to highlight amount of housing at this site, building 782 new units. Though 147 will be Crenshaw’s role as the “Main Street” of Los Angeles’ black community and the income-restricted units, most will be market-rate. area’s local history.

BALDWIN HILLS CRENSHAW PLAZA LEIMERT PARK METRO STATION This South L.A. mall has been approved by the city to undergo a major One of nine planned stations along the highly anticipated Crenshaw/LAX transformation. Owner Capri Capital Partners, which is marketing the project Metro line, the Leimert Park Metro Station will be underground and feature for sale, has lined up entitlements for a mixed-use complex boasting 941 condos two platforms at the intersection of Crenshaw Boulevard and Vernon Avenue and apartments alongside a 400-room hotel and new offices, restaurants and with access via Leimert Plaza Park, Vision Theatre and Good Shepherd Manor retail space. (senior housing). 16 | 4252 Crenshaw Offering Memorandum 10 12 11

3 1 Destination Crenshaw 7 2 Dorset Village Redevelopment 5 3 Baldwin Hills Crenshaw Plaza 4

4 Leimert Park Station 1

5 Parking Lot Redevelopments

6 Hope On Hyde Park

7 3600 Stocker Street

8 Fairview Heights Apartments 2

9 6604 West Boulevard

10 Crenshaw Crossing 13 6 11 Inglewood Market Gateway 14 9 12 3518 Crenshaw Boulevard 15 8 13 6320 Crenshaw Boulevard

14 6515 S. Crenshaw Boulevard

15 6527 S. Crenshaw Boulevard EMPLOYMENT

Leimert Park sits between the two major jobs centers of Downtown Los TOP EMPLOYERS* NUMBER OF EMPLOYEES Angeles and Culver City. The former, with a daytime population of some 207,000 people, is home to a large concentration of firms from the legal, KAISER PERMANENTE 6,184 utilities, accounting and financial services sectors, as well as many federal, SONY PICTURES STUDIOS, INC. 4,600 state and local government agencies. The latter, on the other hand, has an employer base that skews more creative, with a mix of firms in arts, design, CBS BROADCASTING 3,500 entertainment, sports and media. CALIFORNIA HOSPITAL MEDICAL CENTER 3,000

HBO 1,650

CENTINELA HOSPITAL MEDICAL CENTER 1,500

TBWA/CHIAT/DAY 1,300

RALPHS 1,206

CEDARS-SINAI 1,201

JH DESIGN GROUP 1,000

TOP OCCUPATIONS* PERCENTAGE

RETAIL 30.2%

PERSONAL SERVICES 20.7%

UNKNOWN 12.3%

MANUFACTURING 6.5%

BUSINESS/FINANCIAL SERVICES 5.2%

*within five miles of the subject property

18 | 4252 Crenshaw Offering Memorandum TRANSPORTATION

Leimert Park is accessible and well connected to public transportation, linking riders with an array of connections to greater Los Angeles that make it easy to go car free. Metro operates the Expo Line Light Rail as well as several Local and Rapid Busway routes that run through the area. The highly anticipated Crenshaw/ LAX Line, which began construction in 2014 and is expected to be completed in 2021, will extend from the existing Metro Exposition Line and travel 8.5 miles to the Metro Green Line. The Metro line will sit just a block from the property and provide residents with enhanced access to the larger Los Angeles area, including Downtown Los Angeles, Santa Monica and Los Angeles International Airport.

Leimert Park is accessible and well connected to public transportation, linking riders with an array of connections

Colliers International | 19 FINANCIAL OVERVIEW

PRICING SUMMARY

LIST PRICE $29,500,000 PRICE / UNIT $265,766 ESTIMATED OPERATING DATA

PRICE / SF $629.02 TYPE YEAR 1 YEAR 2 OCCUPANCY (AT TIME 70.27% GROSS RENTAL INCOME $2,024,580 $2,104,620 OF ANALYSIS) Annual Laundry Income $13,320 $13,720 YEAR 1 CAP RATE 4.48% Annual RUBS/Utilities Income $53,280 $54,878 YEAR 1 GRM 13.69 Annual Other Income $63,000 $64,890 YEAR 2 CAP RATE 4.68% POTENTIAL GROSS INCOME $2,154,180 $2,238,108 YEAR 2 GRM 13.18 Vacancy/Collection ($80,983) ($84,185) EFFECTIVE GROSS INCOME $2,073,197 $2,153,923 FINANCING SUMMARY Operating Expenses ($752,876) ($771,905) NET OPERATING INCOME $1,320,321 $1,382,018 REQUIRED EQUITY $11,470,000 (39%) Interest Paid ($553,700) ($553,700) PROPOSED NEW $18,030,000 (61%) LOAN AMOUNT AFTER DEBT SERVICE CASH FLOW $766,621 $828,319 PROPOSED NEW LOAN Leveraged Cash on Cash 6.68% 7.22% 3.10% 10 YR FIXED RATE

LOAN TO VALUE 61% LTV DEBT COVERAGE RATIO 1.43 DCR

20 | 4252 Crenshaw Offering Memorandum RENT ROLL SUMMARY

# OF TYPE ACTUAL MIN / MAX YEAR 1 AVG YEAR 2 AVG UNITS 7 STUDIO (RESTRICTED) $372/$372 $372 $372 15 STUDIO $1,395/$1,500 $1,478 $1,500 21 STUDIO (BALCONY) $1,375/$1,605 $1,514 $1,575 12 LIVE+WORK $1,795/$1,820 $1,802 $1,800 1 LIVE+WORK (BALCONY) $1,850/$1,850 $1,850 $1,850 6 1 BED + 1 BATH (RESTRICTED) $426/$426 $426 $426 38 1 BED + 1 BATH $1,450/$1,850 $1,734 $1,850 11 1 BED + 1 BATH (BALCONY) $1,760/$1,900 $1,844 $1,900 111 TOTAL UNITS WEIGHTED AVG $1,519.96 $1,580.05

Colliers International | 21 ESTIMATED OPERATING DATA

YEAR 1 YEAR 2 TYPE ANNUALLY $ / UNIT $ / SF % ANNUALLY $ / UNIT $ / SF % GROSS RENTAL INCOME $2,024,580 $18,239 $43.17 $2,104,620 $18,961 $44.88 Other Income Annual Laundry Income $13,320 $13,720 Annual RUBS/Utilities Income $53,280 $54,878 Annual Other Income $63,000 $64,890 Total Other Income $129,600 $133,488 POTENTIAL GROSS INCOME $2,154,180 $19,407 $45.93 $2,238,108 $20,163 $47.72 Less Vacancy/Collection Loss ($80,983) ($730) ($1.73) 4.0% ($84,185) ($758) ($1.80) 4.0% EFFECTIVE GROSS INCOME $2,073,197 $18,677 $44.21 $2,153,923 $19,405 $45.93 Expenses Taxes $349,979 $3,153 $7.46 16.2% $356,979 $3,216 $7.61 16.0% Insurance $16,414 $148 $0.35 0.8% $16,907 $152 $0.36 0.8% Payroll $111,000 $1,000 $2.37 5.2% $114,330 $1,030 $2.44 5.1% Offsite Management $53,855 $485 $1.15 2.5% $55,953 $504 $1.19 2.5% Utilities & Rubbish $66,600 $600 $1.42 3.1% $68,598 $618 $1.46 3.1% General & Administrative $16,650 $150 $0.36 0.8% $17,150 $155 $0.37 0.8% Leasing & Marketing $12,000 $108 $0.26 0.6% $12,360 $111 $0.26 0.6% Cable Contract $47,328 $426 $1.01 2.2% $48,748 $439 $1.04 2.2% Landscape & Pest Control $5,550 $50 $0.12 0.3% $5,717 $52 $0.12 0.3% Maintenance & Repair $27,750 $250 $0.59 1.3% $28,583 $258 $0.61 1.3% Misc. & Reserves $27,750 $250 $0.59 1.3% $28,583 $258 $0.61 1.3% Less Total Expenses ($734,876) $6,621 $15.67 34.9% ($753,905) $6,792 $16.08 34.5%

NET OPERATING INCOME $1,338,321 $12,057 $28.54 $1,400,018 $12,613 $29.85

22 | 4252 Crenshaw Offering Memorandum YEAR 1 YEAR 2 TYPE ANNUALLY $ / UNIT $ / SF % ANNUALLY $ / UNIT $ / SF % NET OPERATING INCOME $1,322,276 $11,912 $28.19 $1,375,583 $12,393 $29.33 Debt Service Interest Paid ($553,700) ($553,700) Less Debt Service ($553,700) ($553,700) AFTER DEBT SERVICE CASH FLOW $784,621 $846,319 Leveraged Cash on Cash 6.68% 7.22% CAP Rate 4.48% 4.68% GRM 13.69 13.18

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24 | 4252 Crenshaw Offering Memorandum 2 SALES COMPARABLES

4252 CRENSHAW THE GERSHWIN BELL SOUTH BAY 4252 Crenshaw Boulevard 5529 Hollywood Boulevard 11622 Aviation Boulevard Los Angeles, CA Los Angeles, CA Inglewood, CA 1 2

Price Units Price Units Price Units $29,500,000 111 $46,000,000 201 $123,000,000 264 Year Built Building SF Year Built Building SF Year Built Building SF 2020 46,898 1927 95,152 2016 210,000

Amenities Cap Rate $ / Unit Amenities 4.48% $265,766 Fitness center, pool, gameroom, business center, Screening room, fitness center, pet play area, package lockers, car charging, quartz countertops, GRM Parking lounge area, laundry facilities, granite countertops, stainless steel appliances, plank flooring, patio/ 13.69 Street black appliances, plank flooring, exposed brick. balcony, washer/dryer. Cap Rate $ / Unit Cap Rate $ / Unit 4.00% $228,856 4.15% $465,909 GRM Parking GRM Parking 15.00 64 14.46 304 COE: April 11, 2019 COE: Jan 31, 2018

Colliers International | 25 THE KODO WILSHIRE VALENCIA METWEST ON SUNSET 2867 Sunset Place 1515 Wilshire Boulevard 5837 W. Sunset Boulevard Los Angeles, CA Los Angeles, CA Los Angeles, CA 3 4 5

Price Units Price Units Price Units $29,250,000 60 $83,750,000 218 $38,000,000 79 Year Built Building SF Year Built Building SF Year Built Building SF 2018 49,089 2016 165,000 2016 70,812

Amenities Amenities Amenities Lounge area with zen garden, conference room, Pool, sports court, fitness center, game room, Pool, fitness center, car charging, zen garden, clubhouse, rooftop sitting area, car charging, quartz zen garden, pet play area, quartz countertops, courtyard lounge, quartz countertops, stainless countertops, stainless steel appliances, plank stainless steel appliances, plank flooring, patio/ steel appliances, plank flooring, patio/balcony, flooring, patio/balcony, washer/dryer, furnished balcony. washer/dryer. units available. Cap Rate $ / Unit Cap Rate $ / Unit Cap Rate $ / Unit 4.77% $487,500 - $384,174 3.5% $481,013 GRM Parking GRM Parking GRM Parking 12.58 77 - 258 17.14 217 COE: Oct 31, 2019 COE: July 11, 2017 COE: April 17, 2019

26 | 4252 Crenshaw Offering Memorandum PARK WILSHIRE 2424 Wilshire Boulevard Los Angeles, CA 6

Price Units $38,200,000 170 Year Built Building SF 1924 119,104

Amenities Fitness center, theater room, business center, conference room, lounge, laundry facilities, quartz countertops, stainless steel appliances, hardwood flooring, patio/balcony.

Cap Rate $ / Unit 4.4% $224,706 GRM Parking 13.64 145 COE: Dec 24, 2019

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28 | 4252 Crenshaw Offering Memorandum RENT COMPARABLES

4252 CRENSHAW 7403 ARQ 4252 Crenshaw Boulevard 7403 La Tijera Boulevard 3311 La Cienega Boulevard Los Angeles, CA Los Angeles, CA Los Angeles, CA 1 2

Year Built Units 2022 111 Type Rent SF $ / SF Year Built Units Year Built Units Studio 2019 140 2019 300 $372.00 281 $1.32 (Restricted) Amenities Amenities Studio $1,474.33 281 $5.25 Pool, fitness center, bike storage, theater room, Pool, fitness center, EV charging stations, conference room, lounge, clubhouse, business Studio courtyward with BBQ, bike storage, clubhouse, $1,507.38 281 $5.36 center, yoga studio, coffee bar, cabanas, EV (Balcony) quartz countertops, stainless steel appliances, charging stations, pet play area, sundeck, rooftop plank flooring, patio/balcony, washer/dryer. Live+Work $1,801.67 403 $4.47 terrace, washer/dryer. Live+Work $1,850.00 403 $4.59 (Balcony) Type Rent SF $ / SF Type Rent SF $ / SF 1 Bed + 1 Bath $426.00 403 $1.06 Studio $2,545 483 $5.27 Studio $2,821 451 $6.25 (Restricted) 1 Bed + 1 Bath $3,110 663 $4.69 1 Bed + 1 Bath $3,306 599 $5.52 1 Bed + 1 Bath $1,734.21 403 $4.30 1 Bed + 1 Bath $1,855.91 403 $4.61 (Balcony)

Colliers International | 29 THE GERSHWIN THE FLAT 5529 Hollywood Boulevard 750 S. Garland Avenue Los Angeles, CA Los Angeles, CA 3 4

Year Built Units Year Built Units 1927 196 1968 205

Amenities Amenities Dog path, laundry facilities, lounge, picnic area, Pool, sundeck, fitness center, bike storage, multi-use room, business center, pet play area, lounge, package room, business center, laundry fitness center, bike storage, theater room, granite facilities, yoga room, multi-use room, conference countertops, stainless steel appliances, plank room, quartz countertops, kitchenette, polished flooring, washer/dryer, exposed brick wall. concrete floors, furnished apartments available.

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

Studio $1,470 260 $5.65 Studio $1,870 400 $5.80 1 Bed + 1 Bath $2,095 361 $5.80

30 | 4252 Crenshaw Offering Memorandum NEIGHBORING RENTALS

4207 Sutro Avenue 2822 S. Sycamore Avenue 4767 Don Zarembo Drive Los Angeles, CA Los Angeles, CA Los Angeles, CA 5 6 7

Year Built Units Year Built Units Year Built Units 1941 6 1962 4 1961 10

Amenities Amenities Amenities Laundry facilities, granite countertops, stainless Quartz countertop, stainless steel appliances, Laundry facilities, granite countertops, black steel appliances, hardwood and tile flooring. hardwood and tile flooring, washer/dryer. appliances, hardwood flooring.

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

Studio $1,595 600 $2.66 Studio $1,650 500 $3.30 1 Bed + 1 Bath $1,950 950 $2.05

Colliers International | 31 5005 August Street 4928 W. Martin Luther King Jr. Boulevard Los Angeles, CA Los Angeles, CA 8 9

Year Built Units Year Built Units 1962 44 1951 423

Amenities Amenities Laundry facilities, courtyard, pool, quartz Business center, courtyard, laundry facilities, countertops, stainless steel appliances, plank granite countertops, black appliances, hardwood flooring. and carpet flooring.

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

1 Bed + 1 Bath $1,895 650 $2.92 1 Bed + 1 Bath $1,882 650 $2.90

32 | 4252 Crenshaw Offering Memorandum Colliers International | 33 KITTY WALLACE Senior Executive Vice President Lic. 01218779 +1 310 622 1900 [email protected]

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, Colliers International but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries 11601 Wilshire Boulevard., Suite as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This 1950 publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved. Los Angeles, CA 90025