12828 OXNARD STREET. property overview EXECUTIVE SUMMARY. location overview. property highlights NORTH HOLLYWOOD, CA 91606

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1 12828 OXNARD STREET NORTH HOLLYWOOD, CA UNIT MULTIFAMILY INVESTMENT OPPORTUNITY EXECUTIVE SUMMARY VALUE OF ASSET $ 3,050,000 Year Built 1958 Building SF ± 12,458 SF Lot Size ± 12,822 SF Number of Units 14 Units Price Per Unit $ 217,857 Price Per SF $ GRM Cap Rate 3.25 % Pro-Forma GRM Pro-Forma Cap Rate 7.07 % property overview Oxnard Street in North Hollywood, California is a 14 unit multi-family apartment building consisting of 12,458 square feet sitting on a 0.29 acre lot. With a great unit mix of (six), (six) 2 Bed + 1 Bath, (one) 2 Bed +.75 Bath + Den, and (one) 2 Bed Bath units, the Oxnard Street apartments offer huge upside with the rents sitting 70 % below market. The property contains a swimming pool, laundry room, and tuck-under parking for tenant access allowing for a potential new owner the opportunity to add value through aggressive management practices. In addition to the tenant amenities, the site has alley allowing controlled access to the building. property highlights Strong Unit Mix of Six, Six 2 Bed + 1 Bath Units, One Large 2 Bed +.75 Bath + Den and One 2 Bed Bath Units Huge 70 % Upside in Rental Potential All Units are Equipped with Gas Heat and Air Conditioning All Units are Individually Metered for Electricity and Gas Private Swimming Pool Nearby Parks Include Erwin Park, Valley Plaza Park, and Studio City Park Within Proximity to 7-Eleven, Fed-Ex, Papa John s Pizza. Starbucks, La Fitness, Ralphs, Walgreens, Smart and Final, Sears, Chase Bank, Bank of America, Regency Valley Plaza 6 location overview The mix of cosmopolitan flair and relatively low-key personality once led LA Weekly to speculate that North Hollywood just might be the best place to live in the Los Angeles area. The community has become popular among artists, writers, filmmakers, and actors seeking balance between easy access to Hollywood (via a quick drive or Red Line ride) and a quieter, more suburban home environment. The local food and bar scene is amazing, and the bohemian vibe of the NoHo Art District attracts all manner of offbeat creative types. Uncommon among Los Angeles-area communities, much of North Hollywood is quite walkable, with food, drinks, galleries, and performance venues just a leisurely stroll away from one another.

2 12828 OXNARD STREET NORTH HOLLYWOOD, CA UNIT MULTIFAMILY INVESTMENT OPPORTUNITY

3 FINANCIAL ANALYSIS PRICE $ 3,050,000 Price/Unit $ 217,857 Price/SF $ GRM Cap 3.25 % 7.07 % Current Pro-Forma Down 55 % $ 1,677,500 Loan 45 % $ 1,372,500 Amort Years 30 Interest Rate 4.50 % Payments ($ 6,954) Units 14 Units Year Built 1958 Gross SF 12,458 SF Lot SF 12,822 SF APN MONTHLY RENT SCHEDULE NUMBER OF UNITS UNIT TYPE AVG CURRENT RENT CURRENT TOTAL PRO-FORMA TOTAL 6 $ $ 5, $ 1,700 $ 10, Bed + 1 Bath $ 1, $ 6, $ 1,875 $ 11, Bed +.75 Bath $ $ $ 1,850 $ 1, Bed Bath $ 1, $ 1, $ 1,975 $ 1,975 TOTAL $ 14, $ 25,275 ANNUALIZED INCOME Assumption Current Gross Potential Rent $ 178, $ 303, Less Vacancy 3 % ($ 5,351.53) ($ 9,099.00) Laundry Income $ 1,680 $ 1,680 Effective Gross Income $ 174, $ 295, OPERATING EXPENSES Assumption Current Pro-forma Property Taxes % $ 36, $ 36, Department of Water & Power 2017 Actual $ 14, $ 14, So Cal Gas 2017 Actual $ 3, $ 3, Gardener 2017 Actual $ 2,050 $ 2,050 Insurance 2017 Actual $ 5, $ 5, Rubbish 2017 Actual $ 3, $ 3, Repairs & Maintenance 4 % of EGI $ 6,975 $ 11, Pool Maintenance 2017 Actual $ 2,573 $ 2,573 Pest Control 2017 Actual $ 845 $ 845 Current Pro-forma Total Expenses $ 75, $ 80, Expenses/Unit $ 5, $ 5, Expenses/SF $ 6.02 $ 6.40 % of EGI % % RETURN Current Pro-forma NOI $ 99, $ 215, Less Debt ($ 83,451.07) ($ 83,451.07) Cashflow $ 15, $ 132, Cash on Cash 0.94 % 7.87 % DSCR

4 RENT ROLL UNIT NUMBER UNIT TYPE Notes CURRENT RENT PRO-FORMA RENT 1 2 Bed + 1 Bath Section 8 $ 1,123 $ 1,875 2 Section 8 $ 952 $ 1, Bed +.75 Bath + Den $ $ 1,850 4 Section 8 $ 952 $ 1, Bed + 1 Bath $ 600 $ 1,875 6 Section 8 $ 952 $ 1, Bed + 1 Bath Vacant $ 1, Bed + 1 Bath Section 8 $ 885 $ 1, Bed Bath $ 1, $ 1, Section 8 $ 952 $ 1, Bed + 1 Bath $ 1, $ 1, Bed + 1 Bath $ 1, $ 1, Section 8 $ 1,030 $ 1, Section 8 $ 951 $ 1,700 TOTAL 14 UNITS $ 12, $ 25,275

5 SALES COMPARABLES Burbank Blvd Valley Village, CA Units 5,884 SF Bed + 1 Bath $ $ 243, Tujunga Ave North Hollywood, CA Units 3,500 SF Bed + 1 Bath $ 1,050,000 $ 300 $ 210, % Miranda St North Hollywood, CA Units 7,197 SF Bed + 1 Bath 1-3 Bed + 2 Bath $ 1,727,500 $ $ 191, % Burbank Blvd North Hollywood, CA Units 3,976 SF Studio + 1 Bath Bed + 1 Bath $ 1,950,000 $ $ 278, % Oxnard Street Units 7,366 SF 8-2 Bed + 1 Bath $ 1,700,000 $ $ 212, Troost Avenue Units 4,311 SF Bed + 1 Bath $ 1,462,000 $ $ 243, % SALE COMPARABLE AVERAGES SOLD PRICE AVG PRICE PER UNIT AVG PRICE PER SF AVG GRM AVG CAP RATE $ 1,520,750 $ 230, $ %

6 SALES COMPARABLES MAP OVERVIEW

7 LEASE COMPARABLES Gilmore Street Units 7,698 SF $ 1, SF $ Victory Blvd Van Nuys, CA Units 20,128 SF 2 Bed + 1 Bath $ 1, SF $ Burbank Blvd Valley Village, CA Units 33,198 SF Studio + 1 Bath $ 1, SF $ 2.09 $ 2,500 1,050 SF $ Burbank Blvd Los Angeles, CA Units 24,689 SF Studio + 1 Bath $ 1, SF $ Coldwater Canyon Ave Units 37,112 SF $ 2,000 1,100 SF $ Oxnard Street Units SF 3 Bed + 2 Bath $ SF $ 1.91 $ 2,000 1,100 SF $ 1.81 LEASE COMPARABLE AVERAGES UNIT TYPE AVG ASKING RENT AVG UNIT SIZE AVG RENT PER SF $ 1, SF $ Bed + 1 Bath $ 2,166 1,083 SF $ 2.00

8 LEASE COMPARABLES MAP OVERVIEW