Offering Memorandum Barham Boulevard Los Angeles, CA 90068

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1 Offering Memorandum 3317 Barham Boulevard

Presented By: Max Berger 424.307.1078 max@kennystevensteam.

2 Presented By: Max Berger DRE Kenny Stevens DRE

3 3317 Barham Boulevard LOCATION OVERVIEW Location Overview Location Map PROPERTY SUMMARY Property Details Property Highlights Photography FINANCIALS Financial Overview Rent Roll COMPARABLES Sales Comps Rent Comps

4 A Neighborhood That Needs No Introduction HOLLYWOOD, CALIFORNIA: The recent revitalization of Hollywood, long in the making, is now in full swing. Major entertainment and tech companies like Netflix and Viacom are embracing the neighborhood. Just in the past 12 months, more than 7,500 new jobs were created in the city. Hollywood is one of those neighborhoods that needs no introduction, synonymous as it is with the city of Los Angeles itself. Because of its history and famous sites like the Hollywood Walk of Fame, it has always attracted hordes of tourists, but now it has become the epicenter of new Class A office campuses in Los Angeles. Developers are creating millions of square feet of Class A office space and thousands of new luxury rental units. Old Hollywood is stepping in too, with Paramount Pictures recently winning approval for a 1.4 million-square-foot studio expansion. Companies specializing in streaming media and virtual reality are now flocking here. Hollywood is also one of the most populated areas for schools, with a wide range of colleges and specialized programs like AMDA (American Musical & Dramatic Academy), Emerson College, the Musicians Institute, and AFI. In the past two years there has been a spike in the number of college students relocating to Hollywood. New restaurants and hotels are also setting up shop in Hollywood in response to the growing tech & entertainment boom such as TAO, The Dream Hotel, and Beauty and Essex. An astonishing number of additional apartments like The ICON building and The Lombardi will be built over the next decade. There is much more activity in Hollywood, reminding everyone that the evolving industry has returned to its roots. The future of what will be is brighter than ever. THE HISTORY: Also known as Tinseltown, Hollywood became the hub of the movie industry in the 1910s. The 1910s is when East Coast filmmakers began moving west to avoid patent lawsuits by Thomas Edison s Motion Picture Patents Company. The excellent weather and varied geography of Los Angeles made it the perfect place for filming, and by the 1920s most major studios had set up shop here, where it still commands that influence today. THE NEIGHBORS: A mix of visitors and locals, drawn to the energy. Hollywood s teeming tourist population intermingles with its residents, resulting in one of Los Angeles most diverse neighborhoods. It claims a healthy population of entertainment industry insiders, from producers and directors to writers and actors. THE LIFESTYLE: Bustling and brimming with entertainment. There is no shortage of entertainment in this neighborhood: theaters, museums, shopping, restaurants, and nightlife contribute to a dynamic, diverse culture. It s a city that has earned its right to kitsch: souvenir stores stand next to some of the city s most storied eating establishments and uncanny celebrity impersonators stroll its famed, eponymous boulevard. THE MARKET: Homes every bit as eclectic as their owners. The neighborhood is a mix of vintage and contemporary apartment buildings, bungalows, and beautiful, hillside houses brimming with character and boasting stunning views of downtown and all of Los Angeles.

6 Location Overview Conveniently located between Hollywood and Studio City Close to major Studios in Universal City, Burbank and Hollywood Surrounded by multi-million dollar single family homes Units were fully renovated in parking spaces Separately metered for gas and electricity

Studio City Valley Village Laurel Canyon Boulevard 101 170 101 Lankershim Boulevard Toluca Lake 134 W Alameda Avenue W Olive Avenue Warner Brothers Studio W Alameda Avenue 5 Los Angeles Zoo 5

7 Studio City Valley Village Laurel Canyon Boulevard Lankershim Boulevard Toluca Lake 134 W Alameda Avenue W Olive Avenue Warner Brothers Studio W Alameda Avenue 5 Los Angeles Zoo 5 Universal City 101 Hollywood Sign Hollywood Hills 3317 Barham Boulevard Griffith Observatory Greek Theatre Hollywood Bowl Lake Hollywood Los Feliz Boulevard Los Feliz Runyon Canyon Hollywood Boulevard Little Armenia Fountain Avenue Hollywood Sunset Boulevard Beverly Hills Sunset Strip La Cienega Boulevard West Hollywood Melrose Avenue Beverly Grove Fairfax Beverly Boulevard Santa Monica Boulevard 2 Paramount Pictures Studio N Wilton Place N Western Avenue 101 N Virgil Avenue

Property Summary PROPERTY DESCRIPTION 3317 Barham Blvd, this 4-unit apartment building is conveniently located between Hollywood and Studio City close to major Studios in Universal City, Burbank, and

9 Property Summary PROPERTY DESCRIPTION 3317 Barham Blvd, this 4-unit apartment building is conveniently located between Hollywood and Studio City close to major Studios in Universal City, Burbank, and Hollywood which make it an ideal property for short-term rentals. The property consist of 4 one-bedroom, one-bathroom units and is situated on a 3,826 square foot lot. The building has been well maintained and was fully renovated in Units have tankless water heaters, wood floors, new vinyl windows, and washer/dryers. Each unit is separately metered for gas and electricity. Approximately 5 parking spaces. PROPERTY DETAILS 4 Units Cahuenga Boulevard & Barham Boulevard Major Intersection Hollywood Market APN LACR Zoning Type 2,450 Sq Ft Building Sq Ft 3,826 Sq Ft Lot Size Sq Ft

10 Financials Financial Overview $1,400,000 INVESTMENT SUMMARY SCHEDULED INCOME Purchase Price: $1,400,000 UNIT MIX CURRENT PRO FORMA Down Payment: $1,400, % Units Beds Baths Average Monthly Rent Monthly Year Built: $1,849 - $2,500 $8,250 $2,050 - $2,175 $8,325 Units: 4 Approx. Lot Size: 3,826 Sq Ft Approx. Bldg. NRSF: 2,450 Sq Ft Cost per Unit: $362,500 Scheduled Rent: $8,250 $8,325 CURRENT PRO FORMA Garage Income $0 $0 GRM: Laundry Income $0 $0 CAP: 4.97% 5.04% Monthly Gross Income: $8,250 $8,325 Annual Gross Income: $99,000 $99,900 ANNUAL INCOME ANNUAL EXPENSES CURRENT PRO FORMA ITEM AMOUNT Scheduled Gross Income: $99,000 $99,900 Taxes: (based on new purchase price) 1.25% $18,125 Less Vacancy Reserve Rate: ($2,970) 3.00% * ($2,997) 3.00% **Insurance: $1,235 Gross Operating Income: $96,030 $96,903 **Utilities: $2,700 Less Expenses: ($26,395) 27% * ($26,395) 27% Repairs & Maintenance: $3,960 Net Operating Income: $69,635 $70,508 Misc: $1,000 Less Debt Service: $0 $0 Pre-Tax Cash Flow: $69, % ** $69, % Plus Principal Reduction: $0 $0 EXPENSES ARE ESTIMATED Total Return Before Taxes: $69, % ** $69, % ** Expenses are 2017 Actuals * As a percent of the scheduled gross income. ** As a percent of the down payment Total Expenses: Expense / NRSF: Expense / Unit: $27,020 $11.03 $6,755 PROPOSED FINANCING INFORMATION Loan Rate 4.60% Fixed for 5 yrs INTEREST ONLY per month Loan Duration 30 Year

11 Financials Rent Roll Unit # Unit Type Current Rent Market Rent Lease Date Notes $ 1,849 $ 2,050 3/1/ $ 2,500 $ 2,050 8/30/ $ 1,906 $ 2,050 8/9/ $ 1,995 $ 2,175 5/30/18 Private Yard LAUNDRY INCOME: MONTHLY TOTAL: ANNUAL TOTAL: $0 $0 $8,250 $8,325 $99,000 $99,900

Comparables Sales Comps Property Photo Address Sale

Year Built Unit Mix 3317 Barham Boulevard $1,450,000 4

$1,744,050 10/25/16 4 3,561 $436,013 1956 (1) 3+2 (3)

$435,000 1919 (1) 2+2 (2) 1+1 (1) Studio 3055

12 Comparables Sales Comps Property Photo Address Sale Price COE Date # of Units Building Sq Ft Price/Unit Year Built Unit Mix 3317 Barham Boulevard $1,450, ,450 $362, (4) Primera Avenue $1,744,050 10/25/16 4 3,561 $436, (1) 3+2 (3) Holly Drive $1,740,000 12/21/17 4 3,100 $435, (1) 2+2 (2) 1+1 (1) Studio 3055 Hollycrest Drive $1,540,000 12/1/17 4 3,151 $385, (1) 2+1 (2) 1+1 (1) Studio

Cahuenga Boulevard East Hollywood Freeway Cahuenga Boulevard West 1 3317 Barham Boulevard 101 3 Cahuenga Boulevard East Mullholland Drive

13 Cahuenga Boulevard East Hollywood Freeway Cahuenga Boulevard West Barham Boulevard Cahuenga Boulevard East Mullholland Drive Hollywood Freeway Cahuenga Boulevard West Mullholland Drive 101 Sales Comps Primera Avenue Holly Drive Hollycrest Drive 2

Comparables Rental Comps Property Photo Address 3317

Boulevard 2700 Cahuenga Boulevard 6736 Hillpark Drive

$2,900 $2,500 $2,000 Unit Type 1+1 1+1 1+1 1+1 1+1 1+1

space, deck, new appliances and washer/dryer Renovated

washer/dryer Renovated top floor unit with vaulted

One covered garage parking space Large renovated unit

14 Comparables Rental Comps Property Photo Address 3317 Barham Boulevard 3387 Barham Boulevard 3600 Barham Boulevard 2700 Cahuenga Boulevard 6736 Hillpark Drive 3055 Hollycrest Drive Rent $2,050-$2,500 $2,500 $2,185 $2,900 $2,500 $2,000 Unit Type Notes Subject property Renovated unit with 1 parking space, deck, new appliances and washer/dryer Renovated apartment with stainless steel appliances, and washer/dryer Renovated top floor unit with vaulted ceilings and exposed wood beams. One covered garage parking space Large renovated unit with den and 1 parking space Updated unit with hardwood floors, arched doorways, unique built-ins.

2 Cahuenga Boulevard West Hollywood Freeway 1 3317 Barham Boulevard 101 5 Cahuenga Boulevard East Mullholland Drive Rental Comps 1. 3387 Barham Boulevard 2.

15 2 Cahuenga Boulevard West Hollywood Freeway Barham Boulevard Cahuenga Boulevard East Mullholland Drive Rental Comps Barham Boulevard Barham Boulevard Cahuenga Boulevard Hillpark Drive Hollycrest Drive Mullholland Drive Hollywood Freeway Cahuenga Boulevard West

16 For more information, please contact: Max Berger DRE Kenny Stevens DRE Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number DRE All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

Offering Memorandum Tamarind Ave Hollywood, CA 90028

Offering Memorandum Tamarind Ave Hollywood, CA 90028 Offering Memorandum 1422 Tamarind Ave Hollywood, CA 90028 Presented By: Kenny Stevens 310.963.7851 kenny@kennystevensteam.com DRE 01090251 1422 Tamarind Ave Hollywood, CA 90028 LOCATION OVERVIEW Neighborhood