Los Angeles, CA

Los Angeles, CA (Highland Park Submarket) Two Lots Offering Memorandum CONFIDENTIALITY & DISCLAIMER All materials and information received or derived from KW Executive/KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Executive/KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Executive/KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Executive/KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Executive/KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual Data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed in compliance with all applicable fair housing and equal opportunity laws. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction PRESENTED BY:

NORA HOYOS (#02105907) JENNIE CHING (#02018566) SAMANTHA LEE (#01375265) (626) 657-8118 (310) 779-5376 (714) 713-0469

[email protected] [email protected] [email protected]

KW Executive 388 E. Valley Blvd #106 Alhambra, CA 91801 KW Commercial is proud to present a portfolio sale of two (2) RD1.5 lots in the city of Los Angeles. Features of the sale include: • 6034 Monterey Rd: 7,572 SF lot size. Subdivisible to up to 5 units EXECUTIVE (1,500 SF each lot). • 6100 Monterey Rd: 4,976 SF lot size with a 1,076 SF single family SUMMARY (2 beds / 1 bath) home. Subdivisible up to 3 units (1,500 SF each lot)

• Up to Eight 1,500 (+/-) SF or Six 1,500 SF + One 2,000+ SF homes can be built in the two lots combined. Sold comps approx. $460/SF - $530+/ SF for similar homes • Located in the up and coming Highland Park area of Los Angeles INVESTMENTSUMMARY

Property Address 6034 N Monterey Rd, Los Angeles Property Address 6100 N Monterey Rd, Los Angeles 6031 N Pine Crest Dr, Los Angeles Investment Type RD1.5 land with a Single Family Investment Type RD1.5 vacant land. Development Home. Project Development Project Lot Size Approx. 7,572 SF hillside lot with Lot Size / Building 4,976 SF hillside lot with views / views 1,070 SF SFR (2 beds / 1 bath) Zone / Use RD1.5 / Low Medium II Residential Zone / Use RD1.5 / Low Medium II Residential Lot Dimension 40’ x 190’ Lot Dimension 40’ x 125’ APN 5312-027-028 APN 5312-027-048 Developers and Investor’s Dream!

• Great opportunity RD1.5 land in the city of Los Angeles. • 6034 Monterey has Monterey Rd and Pine Crest Dr street access. 6100 Monterey Rd can be an income property during entitlement phase • Up to 8 single family homes can be built on Two (2) lots combined • Comps: Similar small lot homes built in 2020 sold between $460- $530 / SF RD1.5 Generalized Summary of Zoning Regulations

Source: https://planning.lacity.org/odocument/2f8beb19-2e69-4b41-b46c-b219c65beaa5/E.pdf ** All information provided is deemed reliable, but is not guaranteed and should be independently verified by Buyer & Buyer’s agent ** Land View and FAR

Source: http://zimas.lacity.org/documents/zoneinfo/ZI2399.pdf ** All information provided is deemed reliable, but is not guaranteed and should be independently verified by Buyer & Buyer’s agent ** 6100 Monterey Rd, Los Angeles

Income property during entitlement phase. Estimated lease: $2,400 / mo Sold Comps (Closed in July 2020)

Highland Park 2020 New Built Small Lot Homes (AVG: $530 / SF for 1,500 SF SFR, $505 / SF for 2,000+ SF SFR) Sold Comps (Sold in Nov, Dec 2019 and Closed in Feb 2020)

Highland Park 2020 New Built Small Lot Homes (AVG: $432 / SF - $453 / SF for 2,000+ SF SFR Dec 2019 price) PROPERTY LOCATION City of Los Angeles, CA (Highland Park Submarket)

Location.

Highland Park sits within the Northeast Los Angeles region of LA. It is a hilly neighborhood in the city of Los Angeles, located in the San Rafael Hills and along the Arroyo Seco. Its boundaries are roughly the I-110 on the southeast, the city limits of Pasadena on the northeast, Oak Grove Drive on the north, and Avenue 51 on the west.

Highland Park has steadily experienced gentrification in the recent years and is building a reputation as a mecca for artists with trendy shops, galleries, bars and restaurants opening throughout the neighborhood, and even tech startups. Highland Park is home to a recording studio and pop-up space for Los Angeles- based hip-hop label, Stones Throw Records. The neighborhood's low business costs, close proximity to downtown Los Angeles, and general vibe has begun to attract tech startups. Population Trends City of Los Angeles, CA (Highland Park Submarket)

. Demographic Summary City of Los Angeles, CA (Highland Park Submarket)

. RD1.5 Small Lot Subdivision

The City of Los Angeles is pushing developers and property owners to utilize the Small Lot Ordinance as a smart-growth alternative to the suburban single-family home or typical condominium development. You can now create smaller residential lots than previously allowed. It is now much easier to provide a creative alternative to the typical, and often unappealing, condominium unit or overpriced and oversized single-family residential property. The residents of a Small-Lot home actually own the land the unit sits on (fee simple). Driveways, walkways and utility access are accomplished through easements. Small lot subdivision projects are required to file a tract map (five or more units) to subdivide the land. Since the ordinance does not allow for common foundations or shared, or common, walls between units, there is no Homeowners Association needed or any of the typical fees associated with condominium ownership. All zoning codes, including density, are the same as the standard project. However, some breaks are given on setbacks and open space requirements. RD1.5 allows for one unit per 1,500 sq ft of land