SOUTHWEST DRIVE

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2600-2612 SOUTHWEST DRIVE LOS ANGELES, CA 90043 OFFERING MEMORANDUM EXCLUSIVELY LISTED www.lightyearrealty.

1 SOUTHWEST DRIVE LOS ANGELES, CA OFFERING MEMORANDUM EXCLUSIVELY LISTED Jeremy Hagos Vice President, Investments License CA: Wynton Grant Senior Investment Associate

ASSET DESCRIPTION 2600-2612 Southwest Drive is a mixed-use property with approximately 5,390 SF of building on a 7,941 SF lot.

2 ASSET DESCRIPTION Southwest Drive is a mixed-use property with approximately 5,390 SF of building on a 7,941 SF lot. The subject property was built in 1925 and has a total of 6 units, consisting of 5 retail and 1 residential unit. The anchoring tenant is a liquor store which has 10% increases every 5 years beginning in January of The other tenants include: a new art gallery, an appliance repair shop, a marijuana dispensary, and a VACANCY in the residential unit. Some of the tenants are month to month, allowing the new owner to increase rates immediately. Address Southwest Drive City State Zip Los Angeles, CA Parcel No Property Type Mixed Use: 5 Retail, 1 Residential Year Built 1925 Building Size Lot Size Zoning 5,390 SF 7,941 SF LAR1 Stories 1 Cross Street Southwest & 4 th Ave SOUTHWEST DRIVE 2

3 OPORTUNITY HIGHLIGHTS Light Year Realty is proud to present Southwest Drive, Los Angeles, CA Park Mesa Heights is located right next to the ever-gentrifying Inglewood area and is one of the most densely populated areas in Los Angeles. The subject property consists of 5 retail storefronts and 1 residential unit. This is an ideal opportunity for an investor looking to earn a stable cash-flow from day one. INVESTMENT HIGHLIGHTS: CAP: 8.8% CORNER LOT HEAVILY POPULATED CLOSE PROXIMITY TO THE NEW RAMS/CHARGERS STADIUM SOUTHWEST DRIVE 3

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5 FINANCIAL ANALYSIS LIST PRICE FINANCING THE ASSET Price $1,100,000 Down 50% $550,000 Units 6 Price/SF $ Loan 50% $550,000 Year Built 1925 Current Cap 8.8% Ammort Years 25 Gross SF 5,390 Interest Rate 4.25% Lot SF 7,941 Payments ($2,980) APN MONTHLY RENT SCHEDULE # of Units Type Estimated SF Avg.Current Rent/SF Current Total 5 Retail 888 $1,800 $2.02 $ $1,400 $1.47 $1,400 6 $10,400 ANNUALIZED INCOME Current Gross Potential Rent $124,800 Less Vacancy 0% $0 Scheduled Gross Income $124,800 ANNUALIZED EXPENSES Current Real Estate Taxes % $13,750 Insurance $2,695 Utilities $2,156 Management 5% of SGI $6,240 Repairs & Maint. of SGI $2,745 Total Expenses $27,586 Expenses/SF $5.12 % of SGI 22.10% RETURN Current NOI $97,214 Less Debt ($35,755) Cashflow $61, SOUTHWEST DRIVE 5

6 RENT ROLL Unit # Type Estimated SF Current Rent Current Rent/SF Market Rent Market Rent/SF Lease Starts Lease Ends Options $900 $1.00 $1,800 $1.89 Yes M2M None 2 Washer Repair 240 $500 $2.08 $750 $3.13 Yes M2M None 3 MMJ Dispensary 900 $3,500 $3.89 $3,500 $3.89 Yes 10/19 None 4 Art Gallery 900 $900 $1.00 $1,500 $1.75 Yes 10/19 None 5 Tattoo Shop 900 $1,350 $1.50 $1,500 $1.67 Yes 12/18 SOON VACANT 6 Liquor Store 1,500 $3,200 $2.13 $3,200 $2.13 1/17 Totals: 5,390 $10,350 $12,250 1/22 Three 5 year options (10% Increases at Renewal) SOUTHWEST DRIVE 6

SALES COMPARABLES Address Price Sale Date Building SF Lot SF Price/Bldg. SF CAP Zoning 1 5350 2nd Avenue $1,100,000 7/29/16 6,394 3,576 $172.

7 SALES COMPARABLES Address Price Sale Date Building SF Lot SF Price/Bldg. SF CAP Zoning nd Avenue $1,100,000 7/29/16 6,394 3,576 $ N/A LAC2 Los Angeles, CA Mixed use property; Built in W 65th Street $900,000 3/22/16 6,614 10,585 $ % LAC2 Los Angeles, CA Mixed use property, Bult in W Manchester Blvd $750,000 10/7/16 2,650 4,356 $ % INC2YY Inglewood, CA Mixed use property consisting of 2 (1+1) units and 3 retail storefronts W Slauson Ave $812,000 1/17/18 1,628 2,614 $ N/A LCC2YY Los Angeles, CA Averages/Totals ,283 $ % Zoning S Southw est Dr. $1,100,000 5,390 7,941 $ % LAR1 Los Angeles, CA S SOUTHWEST DRIVE 7

ECONOMIC DEVELOPMENT UNDER CONSTRUCTION 1 INGLEWOOD NFL STADIUM/HOLLYWOOD PARK When completed, the project will include a 70,000-seat NFL stadium that will house the LA Rams and the LA Chargers.

8 ECONOMIC DEVELOPMENT UNDER CONSTRUCTION 1 INGLEWOOD NFL STADIUM/HOLLYWOOD PARK When completed, the project will include a 70,000-seat NFL stadium that will house the LA Rams and the LA Chargers. 6,000 seat performance venue, a retail village and fashion showcase, Class A Office village, residential units, 300 room hotel, 2 lakes and 4 parks. First phase slated to open in PATH VILLAS EUCALYPTUS-40 UNITS, 240 W. LIME ST. Affordable rental units under construction for seniors. Slated to open in 4th quarter of Daniel Freeman Development Site, 333 N. Prairie, 228 townhomes The project includes townhouse condominiums and a recreation center. The first phase of the project will be completed for sale in Locust Street Garage, between Manchester Bl. and Queen Ave. This level-parking lot servicing Downtown has been closed for maintenance and upgrades. The garage will reopen in early Spring 2018 with 298 vehicle (6 Electric vehicle charging 2 stations provided free by TESLA) and 16 bike spaces DOWNTOWN INGLEWOOD AND FAIRVIEW HEIGHTS METRO STATIONS Two new light rail stations that are part of the eight-station Crenshaw/LAX line. When completed, the Crenshaw/LAX line will offer north-south service connecting Inglewood commuters to LAX and the entire Los Angeles Metro light rail system. The new Inglewood stations are scheduled to open in IHOP, CENTURY BL. AND LA BREA AVE. A new IHOP restaurant has been permitted and is under construction. A 4th quarter 2018 opening is projected SOUTHWEST DRIVE 8

9 REGIONAL MAP HOLLYWOOD BEVERLY CENTER MIRALCE MI. KOREATOWN CONSULATES CENTURY CITY DTLA DEVELOPMENTS INGLEWOOD SENIOR CENTER 333 N. PRAIRIE TOWNHOMES SOUTHWEST DRIVE 9

2600-2612 SOUTHWEST DRIVE LOS ANGELES, CA 90043 EXCLUSIVELY

com Jeremy Hagos Vice President, Investments 213 435 1233

10 SOUTHWEST DRIVE LOS ANGELES, CA EXCLUSIVELY LISTED Jeremy Hagos Vice President, Investments License CA: Wynton Grant Senior Investment Associate

2433 West Jefferson Boulevard

2433 West Jefferson Boulevard OFFERING MEMORANDUM PRICING AND FINANCIAL ANALYSIS 2433 West Jefferson Boulevard PRICING AND FINANCIAL ANALYSIS FINANCIAL OVERVIEW Location 2433 West Jefferson Boulevard Price