OFFERING MEMORANDUM | NINE-UNIT APARTMENT BUILDING | PRIME BRENTWOOD LOCATION 11642 KIOWA AVENUE LOS ANGELES, CALIFORNIA 90049

$4,495,000 | $499,444 PER UNIT | $543 PER SQUARE FOOT CONTENTS

3 INVESTMENT SUMMARY 20 FINANCIAL ANALYSIS Copyright © 2018 Transwestern. California ▪▪ Investment Summary ▪▪ Offering Summary Brokerage License #01263636. The information ▪▪ Rent Roll in this offering memorandum was gathered 5 PROPERTY IMAGES ▪▪ Operating Statement Summary by Transwestern from sources believed ▪▪ Property Images reliable. Transwestern has not verified the 23 SALES AND RENT COMPARABLES 8 LOCATION OVERVIEW information and makes no guarantee, warranty ▪▪ Sales Comparables or representation about it. It is the potential ▪▪ Regional Map ▪▪ Sales Comparables Map buyer’s responsibility to independently confirm ▪▪ Neighborhood Map ▪▪ Rent Comparables its accuracy and completeness. Any projections, ▪▪ Aerial View Facing Los Angeles ▪▪ Rent Comparables Map opinions, assumptions or estimates used are for ▪▪ Aerial View Facing Santa Monica example only and do not represent the current ▪▪ Plat Map or future performance of the property. Potential ▪▪ Market Overview buyers and their advisors should conduct ▪▪ Brentwood Market Data and Demographics a careful, independent investigation of the ▪▪ Nearby Development Projects property to determine to their satisfaction the ▪▪ Nearby Development Projects Map suitability of the property for their needs. ▪▪ Major Employers and Places of Interest Map ▪▪ Silicon Beach ▪▪ Silicon Beach Map

PRESENTED BY JOHN SWARTZ JOSH KAPLAN TROY LUCERO TRANSWESTERN Senior Vice President Senior Vice President Analyst 601 S. Figueroa Street, Suite 2750 213.430.2526 213.430.2538 213.457.1656 Los Angeles, CA 90017 [email protected] [email protected] [email protected] 213.624.5700 CA License 01873487 CA License 01934177 CA License 02015705 transwestern.com/losangeles

2 INVESTMENT SUMMARY

Transwestern as the exclusive listing agent THE OPPORTUNITY ■■ Value-add opportunity – current rents are PROPERTY SUMMARY is pleased to present the opportunity approximately 37% below market to acquire 11642 Kiowa Avenue, Los ■■ All units have large and efficient floor plans PROPERTY ADDRESS Angeles, California 90049, a nine (9) unit with either a large balcony or private patio 11642 Kiowa Avenue apartment building located in the heart of ■■ Excellent unit mix – seven (7) 1bed+1bath Los Angeles, CA 90049 Brentwood within a short walking distance and two (2) 2bed+2bath units NUMBER OF UNITS from retail, dining and entertainment on ■■ Ample on-site parking – eleven (11) spaces Nine (9) total units - seven (7) single spaces and (2) tandem Seven (7) 1bed + 1bath both Wilshire and San Vicente Boulevards. spaces Two (2) 2bed + 2bath

■■ 12 storage units on site YEAR BUILT

■■ Prime development lot – R4-1 (Tier 1967 3) zoning allows for an 18 - 30 unit BUILDING SIZE* PRICE: $4,495,000 development project. (Buyer to verify.) + 8,284 SF LAND SIZE* $543 PER SQUARE FOOT + 7,500 SF $499,444 PER UNIT ZONING R4-1 (Tier 3) 21.5 CURRENT GRM PARKING Eleven (11) total spaces 2.64% CURRENT CAP RATE Seven (7) single spaces Two (2) tandem spaces

ASSESSOR PARCEL NUMBER 4265-003-018

*Source: TitlePro. Buyer to verify.

3 INVESTMENT SUMMARY

PROPERTY DESCRIPTION Each of the units are separately metered for brunch on Montana Avenue in Santa Monica, 11642 Kiowa Avenue is a nine (9) unit apartment electricity. The roof was replaced in 2009 and the cultural entertainment at the Getty or Geffen building constructed in 1967. The unit mix plumbing was upgraded to copper in 2010. Playhouse Theater in Westwood, and trips to consists of seven (7) large 1bed+1bath and two the Santa Monica beach less than five miles (2) 2bed+2bath units. The property is a two-story PROPERTY LOCATION from their front door. Brentwood is also home to 8,284 square foot walk-up building with a wood 11642 Kiowa Avenue is located between seven private schools, two public schools, and frame and stucco construction situated on a Barrington and Barry Avenue, a short walking the exclusive Brentwood Country Club. 7,500 square foot lot. distance from both Wilshire and San Vicente Boulevards, in the heart of Brentwood. WALK SCORE BREAKDOWN All of the units have very large floor plans Brentwood is an affluent area in West Los that provide an investor the opportunity to Angeles. While the area is more widely known DINING/DRINKING complete their own renovation plan and for its multi-million dollar mansions at the base significantly increase rents. The two-bedroom of the Santa Monica Mountains, Brentwood also GROCERIES units have been upgraded with hardwood offers a charming walkable urban village that is floors throughout the living room and feature located a few blocks from the subject property. SHOPPING floor-to-ceiling stone fireplaces and large The area offers a wide array of convenient balconies. In addition, the kitchen cabinets have walkable neighborhood amenities including ERRANDS been upgraded along with newer black quartz Whole Foods, Starbucks, The Coffee Bean, countertops surrounded by all stainless-steel CVS, Jamba Juice, SoulCycle, Fresh Brothers, PARKS appliances. Burger Lounge, SusieCakes, Citibank, and The one-bedroom units feature large balconies Brentwood Gardens, an alfresco shopping SCHOOLS or private patios. Most of these units feature center which includes a variety of boutique, a wet bar in the living rooms which is great for shops, and restaurants. Additionally, there are ENTERTAINMENT entertaining guests. Some of the units have numerous fine dining establishments in the area been upgraded with hardwood floors. including Baltaire, Katsuya, Sugarfish, Coral Tree Café, Toscana, Pecorino, Palmeri Ristorante, 0 100 Parking is provided on-site with eleven (11) Pizzicotto, Gaucho Grill, and Bandera. On nights spaces comprised of seven (7) single spaces and weekends, residents will be afforded a truly and two (2) tandem spaces. Six (6) of the single complete, urban experience replete with hikes spaces are located at the rear of the building. in the Santa Monica Mountains, shopping and

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KIOWA AVE 11 PLAT MAP

12 MARKET OVERVIEW

LOS ANGELES APARTMENT MARKET OVERVIEW months of 2017 with an additional 12,921 to the south, the Santa Monica city limits on In the third quarter 2017, the Los Angeles units expected to be completed by year-end the southwest, the border of Topanga State County apartment real estate market continued 2018. With Los Angeles now mostly built- Park on the west and Mulholland Drive in the to see high occupancy levels and strong year- out, developers have looked more closely at mountains to the north. Due to its proximity over-year effective rent growth. REIS reported apartment construction in infill neighborhoods to Silicon Beach and major points of interest the County-wide occupancy rate in the third with existing infrastructure and transit links to such as UCLA, Malibu, and Santa Monica, as quarter 2017 at 96.7%, up 20 basis points from the rest of the region. As a result, much of the well as its walkable village feel, Brentwood is 96.5% a year earlier. With the average apartment apartment construction in Los Angeles County considered by many to be one of the most rental rate now at $1,867 per month County- is concentrated in only a handful of submarkets: desirable neighborhoods to live in Los Angeles. wide according to REIS, year-over-year rental Downtown Los Angeles, Hollywood, Koreatown, As a result, it has some of the highest average rate growth has been 5.5% which remains the and Marina Del Rey/Playa Vista. household incomes in the region while being second fastest growing in the Western US, home to seven private schools, two public behind only Seattle. BRENTWOOD MARKET OVERVIEW schools, and the exclusive Brentwood Country Located in West Los Angeles, Brentwood is an Club. Los Angeles County saw a total of 4,332 affluent neighborhood bordered by the San apartment units delivered in the first nine Diego Freeway to the east, Wilshire Boulevard

BRENTWOOD BY THE NUMBERS

2017 POPULATION 2022 POPULATION MEDIAN AGE

229,500 (+2.0% since 2010) 237,760 (+3.6% est. over 2017) 42.3 years old

AVERAGE INCOME EDUCATION

$138,022 63% have bachelor’s or higher 13 BRENTWOOD DEMOGRAPHIC OVERVIEW 1 MILE RING 3 MILE RING 5 MILE RING BRENTWOOD MARKET DATA AND POPULATION SUMMARY # % # % # % 2022 Projection 46,845 237,760 541,424 DEMOGRAPHICS 2017 Estimate 44,901 229,500 522,479 2010 Census 43,464 225,066 511,412 SUBMARKET DATA Projected Growth 2017-2022 4.33% 3.60% 3.63% In the third quarter 2017, the Brentwood rental Estimated Growth 2010-2017 3.30% 1.97% 2.16% apartment market saw occupancy levels for Household Summary # % # % # % Class A properties decrease to 95.1%, down 2022 Projection 24,757 109,543 251,092 from 96.1% a year ago. Class B/C properties saw 2017 Estimate 23,706 105,319 241,721 their occupancy levels increase to 97.6%, up 10 2010 Census 22,922 102,883 236,023 basis points from the previous quarter but down Projected Growth 2017-2022 4.43% 4.01% 3.88% from 97.9% a year ago. According to REIS, the Estimated Growth 2010-2017 3.42% 2.37% 2.41% average monthly asking apartment rental rate Ethnicity/Race Summary # % # % # % in Brentwood for Class A buildings in the third White 28,467 63.40% 147,119 64.10% 325,730 62.34% quarter 2017 was $3,408 (up 12.7% year-over- Black 1,325 2.95% 6,253 2.72% 20,351 3.90% year) while Class B/C buildings saw asking rents Asian 7,311 16.28% 38,317 16.70% 68,688 13.15% Hispanic 5,866 13.06% 27,561 12.01% 84,784 16.23% increase to $2,335 (up 14.0% year-over-year). With Other 1,932 4.30% 10,249 4.47% 22,926 4.39% Brentwood continuing to be seen as a high barrier Education Summary # % # % # % to entry neighborhood near major employment Less than 9th grade 847 2.54% 3,405 2.19% 12,947 3.52% clusters on the Westside, expect apartment Some High School, no diploma 1,067 3.20% 4,307 2.77% 11,744 3.19% properties to be remain in high demand from High School Graduate (or GED) 2,223 6.67% 13,153 8.45% 36,175 9.83% renters and investors alike. Some College, no degree 4,308 12.92% 21,791 14.00% 58,115 15.79% Associate Degree 1,559 4.68% 7,248 4.66% 18,951 5.15% Bachelor's Degree 14,164 42.49% 57,516 36.95% 129,931 35.30% Master's Degree 5,378 16.13% 26,258 16.87% 55,456 15.07% Professional School Degree 2,320 6.96% 14,106 9.06% 29,448 8.00% Doctorate Degree 1,469 4.41% 7,872 5.06% 15,289 4.15% Workplace & Income Summary # % # % # % Median Household Income $82,482 $86,301 $85,352 Average Household Income $116,606 $138,022 $137,506 All Employees 48,881 282,073 493,442 White Collar 18,685 38.40% 118,909 42.32% 197,543 40.20% Blue Collar 29,972 61.60% 162,069 57.68% 293,840 59.80% Median Employee Salary $48,686 $52,512 $50,270 Average Employee Salary $58,071 $61,950 $59,405 Daytime Population 69,587 498,399 854,652 14 NEARBY DEVELOPMENT PROJECTS

PICASSO BRENTWOOD 11701 SANTA MONICA BLVD Under construction 6-story 81-unit mixed-use Proposed 5-story 61-unit apartment project by apartment project by Metropolitan Pacific on Markwood Enterprises on the northwest corner Wilshire Boulevard between Bundy Drive and of Santa Monica Boulevard and Barrington Brockton Avenue with 7,700 square feet of Avenue consisting of 56 market rate units and 5 ground floor retail. affordable units over 1,500 square feet of ground floor retail space. 11965-11979 MONTANA AVE Under construction 5-story 49-unit apartment 12431 ROCHESTER AVE project by Montana Bundy LLC on Montana Proposed 5-story 55-unit apartment project by Avenue just east of Bundy Drive consisting of 45 Starkwood on the northeast corner of Santa PICASSO BRENTWOOD market rate units and 4 affordable units. Monica Boulevard and Centinela Avenue.

THE SANREMO 11407 SANTA MONICA BLVD Under construction 4-story 34-unit market-rate Proposed 5-story 51-unit apartment project apartment project by The Roberts Companies by Wiseman Development on the northwest on Barrington Avenue between Sunset corner of Santa Monica Boulevard and Purdue Boulevard and San Vicente Boulevard. Avenue consisting of 47 market rate units and 4 affordable units over 1,500 square feet of ground 11965-11979 MONTANA AVENUE 1330 S FEDERAL WAY floor retail space. Under construction 2-story 26-unit condo development project by Woodbridge Properties LLC on the northeast corner of Federal Avenue and Rochester Ave.

LANDMARK APARTMENTS Proposed 34-story 376-unit apartment tower by Douglas Emmett replacing the long-vacant Pavilions supermarket site on the southwest corner of Wilshire Boulevard and Granville LANDMARK APARTMENTS Ave consisting of 360 market rate units and 16 affordable units. 15 NEARBY DEVELOPMENTS MAP

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Due to its strong concentration of established and startup entertainment, digital media, and technology firms, the area stretching between Santa Monica, Venice Beach, Marina Del Rey, Culver City, and Playa Vista has been called “Silicon Beach.” With well-known local startup firms such as Snapchat, TrueCar, ZipRecruiter, as well as Silicon Valley behemoths such as Google, YouTube, Facebook, and Uber, this coastal area have become a major center for Southern California’s technology industry

SANTA MONICA VENICE Sony Computer Entertainment Universal Music Group BuzzFeed Deutsch Advertising Activision Blizzard Continuum The Honest Company Lionsgate Entertainment Epoxy 72andSunny Hulu Google Team One (Saatchi & Saatchi) Rubin Postaer & Associates Snapchat IMAX Edmunds.com VICE Media Omnicom Media HBO Zambezi WPP (GroupM Worldwide) Amazon.com ZEFR Rubicon Project Cornerstone OnDemand YouTube Red Bull OLYMPIC CORRIDOR Core Digital Media ICANN CBS TV Distribution Riot Games TMZ Demand Media Shopzilla Facebook Game Show Network (GSN) Fandango Crispin Porter Laureate Education Uber TBWA\Chiat\Day WeWork MARINA DEL REY Konami TrueCar Dollar Shave Club Strange Frog Productions Skydance Productions TeleSign Phelps Group Tradesy JibJab Media Pop Twitter Microsoft Pandora PLAYA VISTA Fullscreen Red Interactive Fox Interactive Media Gehry Technologies Interactive Data Corp Belkin Chernin Group Ovation TV Verizon (EdgeCast Networks) Brighter Collective ZipRecruiter Yahoo! R/GA Media Group MatchCraft Electronic Arts VEVO USC Institute of Creative Technologies 18 e v a n e e d s W O lympic Blvd n r V SILICONv BEACH MAP u l ic l W S y e B d n lv G t t B e e l r s e ir Wewoo e Blv n h n D W d

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l S v t d e S d S lv g s FINANCIAL ANALYSIS - OFFERING SUMMARY

PROPERTY SUMMARY PRICING SUMMARY Property Address 11642 Kiowa Ave Price $4,495,000 City/State Los Angeles, CA 90049 Price Per Unit $499,444 Year Built 1967 Price Per SF $543 Total Units 9 Current NOI $118,561 Building Area* 8,284 SF Pro Forma NOI $183,889 APN# 4265-003-018 Cap Rate - Current 2.64% Land Area* 7,500 SF Cap Rate - Pro Forma 4.09% Zoning R4-1/Tier 3 GRM - Current 21.5x Parking Yes GRM - Pro Forma 15.7x * Source: TitlePro. Buyer to verify square footages.

RENT ROLL SUMMARY

CURRENT PRO FORMA

AVG. IN-PLACE TOTAL MONTHLY SCHEDULED AVG. PRO TOTAL MONTHLY SCHEDULED LOSS TO NO. UNITS FLOOR PLAN RENT INCOME GROSS INCOME FORMA RENT INCOME GROSS INCOME LOSS TO LEASE LEASE % 7 1B+1BA $1,711 $11,980 $143,760 $2,495 $17,465 $209,580 $65,820 46% 2 2B+2BA $2,695 $5,390 $64,680 $3,175 $6,350 $76,200 $11,520 18% Totals/WTD Avg. 9 $1,930 $17,370 $208,440 $2,646 $23,815 $285,780 $77,340 37%

20 RENT ROLL

CURRENT PRO FORMA

SCHEDULED GROSS SCHEDULED GROSS UNIT OCCUPIED / VACANT UNIT TYPE CURRENT RENT INCOME MARKET RENT INCOME LOSS TO LEASE 1 Occupied 2B+2BA $2,740 $32,880 $3,175 $38,100 $435 2 Occupied 1B+1BA $1,980 $23,760 $2,495 $29,940 $515 3 Occupied 1B+1BA $2,150 $25,800 $2,495 $29,940 $345 4 Occupied 1B+1BA $1,385 $16,620 $2,495 $29,940 $1,110 5 Occupied 2B+2BA $2,650 $31,800 $3,175 $38,100 $525 6 Occupied 1B+1BA $1,660 $19,920 $2,495 $29,940 $835 7 Occupied 1B+1BA $1,375 $16,500 $2,495 $29,940 $1,120 8 Occupied 1B+1BA $1,795 $21,540 $2,495 $29,940 $700 9 Occupied 1B+1BA $1,635 $19,620 $2,495 $29,940 $860 Totals 9 8,284 SF $17,370 $208,440 $23,815 $285,780 $6,445 Loss To Lease % 37%

RENT ROLL SUMMARY

CURRENT PRO FORMA

NO.UNITS OCCUPANCY % FLOOR PLAN AVG. IN-PLACE RENT TOTAL MONTHLY INCOME AVG. PRO FORMA RENT TOTAL MONTHLY INCOME LOSS TO LEASE 7 78% 1B+1BA $1,711 $11,980 $2,495 $17,465 $5,485 2 22% 2B+2BA $2,695 $5,390 $3,175 $6,350 $960 Total/WTD Avg. 100% 9 $1,930 $17,370 $2,646 $23,815 $6,445 Gross Potential Income $208,440 $285,780 $77,340

21 OPERATING STATEMENT SUMMARY

OPERATING STATEMENT SUMMARY Revenue CURRENT PRO FORMA Gross Potential Rent $208,440 $285,780 Vacancy - (8,573) Net Rental Income $208,440 $277,207 Other Revenue - Estimated Laundry Income 800 800 Effective Gross Income $209,240 $278,007

Estimated Expenses Per Unit Per Unit Administrative Estimated $900 $100 $900 $100 Repairs & Maintenance Estimated 4,050 450 4,050 450 Turnover Expense Estimated 900 100 900 100 Management Fee 5.0% of EGI 10,462 1,162 13,900 1,544 Utilities Actuals 2017 11,655 1,295 11,655 1,295 Contract Services Estimated 1,800 200 1,800 200 Taxes 1.25% of Purchase Price 56,188 6,243 56,188 6,243 Insurance Estimated 2,925 325 2,925 325 CapEx Reserves Estimated 1,800 200 1,800 200 Total Expenses $90,680 $10,076 $94,118 $10,458 Net Operating Income $118,561 $183,889 Expense Ratio (% of EGI) 43.3% 33.9% Expenses PSF $10.95 PSF $11.36 PSF

22 SALES COMPARABLES

PROPERTY ADDRESS YEAR BUILT SALE DATE SALE PRICE CAP RATE GRM $PSF $ PER UNIT BLDG SF # OF UNITS

1 11837 Dorothy St. Los Angeles, CA 90049 1968 Sep-2017 $10,000,000 2.55% 21.8 $555 $500,000 18,012 20 Sold 09/2017

2 1261 Stoner Ave. Los Angeles, CA 90025 1951 Aug-2017 $3,100,000 N/A N/A $733 $516,667 4,228 6 Sold 08/2017

3 505 S Barrington Ave. Los Angeles, CA 90049 1958 May-2016 $13,115,000 N/A N/A $590 $570,217 22,232 23 Sold 05/2016

4 862 Moraga Dr. Los Angeles, CA 90049 1947 Feb-2015 $2,800,000 2.57% 22.2 $572 $560,000 4,899 5 Sold 02/2015

TOTAL / AVERAGE $29,015,000 2.56% 21.9 $588 $537,315 49,371 54

11642 KIOWA AVE 1967 $4,495,000 2.64% 21.5 $543 $499,444 8,284 9

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l e S M m o v y C d l w ir Y e m d a h C i a A R A l u L E r lu a v Charles A K G b W e n W r v e D d c t c ering d v v h A r l S e k V h n H r v H l 405 a o B S i e a L e e R o D r n g o o e l w d N m a B i r e l B r m N n p e b r e a H i D C b G e C w w h l d W o Ave W y r N o W nte n h l o C Co e v a a i Le i g i o r t e s v a A r f r y L e n d n b r B f m C A S A i ur u l v a w n l h v eyburn i r r r e d e t A A S e l R R e n W n l l i r v o S w e e e s l P W r y A l i d v l o o a t A o e l s n e v b t A a o c e d G C a B p h a y v l s

e u e r A A A v A A l D N M l A v v e v e v s v o e s e t e l e o e v n n P B nr v d A e e re 505 S Barrington Ave 3 ll veo d i B l r v v r i N A n K te A B o h im itz s a ire es A S D y al h e e ch s d S r l ls v v o r e l E e i A A R n e ste d S r t A B n th i a v v v D e v W o r k n A C t r r v T S v l sh wo il n A S e ll i d l S t A v A e W n e D a l W M K a a e n S u d e H r r i B A y v m T l a v A l o t r m A e s a h o n B n o b a n t e i G t a l p e k n H i a w l s m t e u i v i t h n y a S r n a e r W S o a l n A e e b r C a l i E s e o i t e e n A r C D n lb d D y n v n m r g a A n lb A a y v a u M o A r h d A v h y A S e v t t A M r o ver S D v Hano e D e r v e W y t o n A 11642 Kiowa Ave e v v i S r e f o e r G v A e e l l v e A e i w o v r aN k an tts A v u g e e e m a n H t s o B p i S v u s n s o r n d A D h i a A l to lv 11837 Dorothy St 1 c l i o s B e P a M D B an e d o s W P s L v t l v o a E n e w s O r r ce i A l n a o m r V i f F e Dr e t e n y a n v M v P s D 2 a a B e A iu s P M a s A S S t w d e a 4 o a o s t e a r e v t S M i r e i V r n r c B h w l n e i h y K r r A e l h e h y a O 2 G M n A s S u v t S a a l r t t A l e e o i l v M r o r e n m n o r A C e r id M g A e l v 2 S a o l C Ave o i o e v e v b d A v n 1261 Stoner Ave 2 C a n d a A e a C D e o B m n K a l y v d in r g d e f A l c A v 2 2 e e v S t d i e e o A e e v g 5 n a n l a n n e v l B l r 6 m t B P t e l t A l v v o 2 t o i e C w e n d e o l m e B e 4 h t e n v a B r o le v e G 2 h A e A A c B o t n v 2 t S A F i u e e A n y A A e A e 1 3 h t v r la m s n r l t A d 2 r S e v a a o t i ll o v i A v v v t s d S e S B A h x l n e u e e v e t 2 t t t n e e M e it e v n S n S a e k v T a r t s e e 2 n r l e rs t P h B A e e t 1 d t k in t n 2 A u l A 24 v c f e a e A v v v e A i s S Y o l S d A v v r d e v t t H a r e S S A S e d v e s V 2 P e a l d y t v v u e A re e l e o B C d e y 0 l v rv S S B h o e v e n 1 S t t B a a l s A t A a t W u d e r l A B s d a 6 1 h r I v r b e S t 9 P d e S e n y v n l v e h t e a r r l A in e ic n v 1 h S v n i S i C l d a A e B A 1 S 1 8 n t h e e w S g p T es ve 4 t 7 t S t A a e c F n s y o t t v o yr A h t t v e e s B r le I o o e e m i c A r t t ta v t l a t n v y he e h h S l n A A o i e n in y D n A l P st v e S t o 2 r k e A e i E y A S v A o n 6 n W e k r r A p O W b t t h v e li la v v p sh A M a to 2 t S A l n e A i A e 1 2 d 5 h t e A e e ss W 1 l 5 0 I g t a y S v v v i 1 y t t in h n S t e ss t rl h h S o e A i d h a sh S z t a M Blv S C a t t i ition S C t t r w xpos t W A Io E RENT COMPARABLES

PROPERTY ADDRESS UNIT TYPE RENT COMMENTS

1

1015 S Barrington Ave. 1B+1BA $2,595 Unit features large closet, hardwood floors and fireplace. Laundry on-site, covered parking.

2 Hardwood floors throughout, ample storage, custom built-in closets and centralA/C and heat. One 12026 Goshen Ave. 1B+1BA $2,500 uncovered parking and on-site laundry.

3

11953 Darlington Ave. 1B+1BA $2,495 Unit includes dishwasher and granite countertops. Assigned covered parking included, laundry on-site.

4 Unit features comes with A/C, fireplace and balcony. Kitchen includes refrigerator, microwave, kitchen and 11911 Dorothy St. 2B+2BA $2,995 dishwasher.

5

11953 Dorothy St. 2B+2BA $3,400 Laundry on-site. Unit comes with a dishwasher.

6 Two bedroom apartment features recessed lighting, wood floors, A/C system and a large balcony. Kitchen 11902 Gorham Ave. 2B+2BA $3,487 includes premium appliances, gray-tone custom cabinets, pendant lighting and modern chandelier. 2 Compact car parking included.

RENT COMPARABLES SUMMARY UNIT TYPE # OF UNITS AVG RENT SUBJECT PROPERTY 1B+1BA 3 $2,530 $2,495 2B+2BA 3 $3,294 $3,175

25 t ower S Pl Eisenh lt Gorham u a n Br e in vd RENT COMPARABLES MAPh e g l ltair CS v h B Sa T W A a e e a m ir r e n s A h t a s g t v l S n i a o e t S e M W a A H l v d t lv a a e B S e d i n t l r ce e B V i y A n u Sa C v n t t e S e d y v y lvd h A B t D e n en t ro o r ic t n V o g Sa D in rl a D 11642 Kiowa Ave 11902 Gorham Ave G ra n v 1015 S Barrington Avenue 6 il e le v A 1 v A e a e n v F ta A 11911 Dorothy St e m d n a e o h r r 4 a M o l G A v 11953 Dorothy St e 5 F e d e 11953 Darlington Avenue r a l A 3 v e

e v e S v A A G d S l a t r ie w S o e f o W n t y i n K e e e a r v a M st A g A G a v m re t e a e e h n A r W v o e G a B y a t G r S r S r A a y m ld B e S n a A h i v r e f W i r v y ll i e rs a e e n t M s g A t A t v g v o e a e n e t v e A

A 12026 Goshen Avenue A v n v e to e g A e in m 2 v W rl h A e a e as lle D r x sl st e Te ey A v A v A v e n e e sh d o lv G B e v W e e A l ir n le h to sl s g e l n y i 26 li A S A r v W r a e S m D a a S lt c S a o C i B e a r r s v C r B o t A m A A o S e u v c G i t n e k v h o t l n e t r O in in d o e a n e a n n e y v r la A A i v D ll A A v e v v e r e e A 2 e v e John Swartz Josh Kaplan Troy Lucero Senior Vice President Senior Vice President Analyst 213.430.2526 213.430.2538 213.457.1656 [email protected] [email protected] [email protected] CA Lic 01873487 CA Lic 01934177 CA Lic 02015705

Copyright © 2018 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information in this offering memorandum was gathered by Transwestern from sources believed reliable. Transwestern has not verified the information and 601 S. Figueroa Street, Suite 2750 Los Angeles, CA 90017 makes no guarantee, warranty or representation about it. It is the potential buyer’s responsibility to independently confirm its accuracy and completeness. Any projec- T 213.624.5700 F 213.624.9203 tions, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Potential buyers and their www.transwestern.com advisors should conduct a careful, independent investigation of the property to determine to their satisfaction the suitability of the property for their needs. CA Broker License 01263636