NEWHAMPSHIRE KOREATOWN DTLA N VERMONT AVENUE N NEW HAMPSHIRE AVENUE N BERENDO ST

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1 WILSHIRE VERMONT WILSHIRE PLAZA DTLA WILSHIRE CENTER N VERMONT AVENUE N NEW HAMPSHIRE AVENUE N BERENDO ST 141 NEWHAMPSHIRE KOREATOWN A premier Transit-Oriented Communities (TOC) development opportunity in Koreatown, Los Angeles, CA.

ADVISORS: INVESTMENT ADVISORS LONNIE MCDERMOTT First Vice President Investments Director, National Land Group Encino Office Cell: 818.577.8904 Office: 818.212.2745 lonnie.mcdermott@marcusmillichap.

9070 Office: 818.212.2699 brandon.evans@marcusmillichap.

2 ADVISORS: INVESTMENT ADVISORS LONNIE MCDERMOTT First Vice President Investments Director, National Land Group Encino Office Cell: Office: License: CA EXECUTIVE SUMMARY 2 INVESTMENT HIGHLIGHTS 3 AREA OVERVIEW 4 SALES COMPARABLES BRANDON EVANS Investment Associate Member, National Land Group Encino Office Cell: Office: brandon.evans@marcusmillichap.com License: CA This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap N NEW HAMPSHIRE AVENUE COUNCIL STREET 2 3

3 N 141 NEWHAMPSHIRE KOREATOWN N NEW HAMPSHIRE AVENUE 4 5

50 FEET EXECUTIVE SUMMARY A prime Koreatown development opportunity in one of Los Angeles hippest and most vibrant neighborhoods Marcus & Millichap, as the

17 Acres) of land at 141 New Hampshire Avenue Boulevard, situated just one block south of Beverly Bouelvard, one of the most prestigious streets within Los

The property is zoned LAR4-1 and falls within Transit Oriented Communities Tier 3 Eligibility, allowing a developer to potentially build up to 33 units among

The property s zoning allows for a By-Right construction of 18 units In addition, the General Plan Land Use is designated as High Medium Residential and is not

However, the site falls within Subarea A of the Vermont / Western Station Neighborhood Area Plan, which restricts height to within 15 feet of the shortest

141 N New Hampshire Avenue has a prime location in Koreatown.

Located west of Downtown L.A. and south of Hollywood, Koreatown is one of the most diverse neighborhoods in Los Angeles.

4 50 FEET EXECUTIVE SUMMARY A prime Koreatown development opportunity in one of Los Angeles hippest and most vibrant neighborhoods Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire approximately 7,500 SF (0.17 Acres) of land at 141 New Hampshire Avenue Boulevard, situated just one block south of Beverly Bouelvard, one of the most prestigious streets within Los Angeles. 141 N New Hampshire has the potential to be fully developed into a variety of multifamily concepts. The property is zoned LAR4-1 and falls within Transit Oriented Communities Tier 3 Eligibility, allowing a developer to potentially build up to 33 units among several other incentives. The property s zoning allows for a By-Right construction of 18 units In addition, the General Plan Land Use is designated as High Medium Residential and is not restricted to a height limit. However, the site falls within Subarea A of the Vermont / Western Station Neighborhood Area Plan, which restricts height to within 15 feet of the shortest adjacent building. With City Approval of a Transit Oriented Communities development, a buyer may increase height up to 22 additional feet. Buyers to Verify. 141 N New Hampshire Avenue has a prime location in Koreatown. Situated just south of the 101 Freeway, the property is ideally located central to Hollywood, Silverlake, Hancock Park, and Downtown Los Angeles. Located west of Downtown L.A. and south of Hollywood, Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood, home to the Ambassador Hotel, the Cocoanut Grove and the Brown Derby. Today, Korean and Latino populations contribute to Koreatown s rich cultural diversity. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country. Even frequent visitors have only scratched the surface of this vibrant district, making it one of Los Angeles most exciting neighborhood. 141 N Hampshire Avenue is currently a 3,596 square foot quadraplex built in This unique site provides a developer with a dense TOC development opportunity in a vibrant pedestrian-oriented community. 6 7

PREMIER KOREATOWN DEVELOPMENT OPPORTUNITY Approximately 50 feet of frontage and visibility along N New Hampshire

Downtown LA, the Miracle Mile, Hollywood, and Silver Lake INVESTMENT HIGHLIGHTS Excellent 91/100 Walkscore

Vermont/Beverly Station station located an 8 minute walk away providing access to the Red and Purple line Unique

ANGELES LOCATION Tremendous revitalization in Koreatown over the past decade, witha multitude of projects looking

businesses are taking root in Koreatown due to its access to the Metro, city life, and live/work spaces Koreatown

construction STRONG IMMEDIATE DEMOGRAPHICS Population of 130,000 within a one mile radius Strong local economy

5 PREMIER KOREATOWN DEVELOPMENT OPPORTUNITY Approximately 50 feet of frontage and visibility along N New Hampshire Avenue Hundreds of Units in construction or planned within a mile WILSHIRE VERMONT WILSHIRE PLAZA Proximate to Downtown LA, the Miracle Mile, Hollywood, and Silver Lake INVESTMENT HIGHLIGHTS Excellent 91/100 Walkscore indicating its proximity to many restaurants, entertainment, shopping, and transit options Metro Red Line and Vermont/Beverly Station station located an 8 minute walk away providing access to the Red and Purple line Unique opportunity in the prime Koreatown area to construct a multi-family or condominium project IRREPLACEABLE METRO LOS ANGELES LOCATION Tremendous revitalization in Koreatown over the past decade, witha multitude of projects looking to reshape the Wilshire skyline Koreatown is a major destination for visitors and residents alike Creative businesses are taking root in Koreatown due to its access to the Metro, city life, and live/work spaces Koreatown is a place of continuing development as it currently has more than one billion dollars worth of projects under construction STRONG IMMEDIATE DEMOGRAPHICS Population of 130,000 within a one mile radius Strong local economy with significant job growth over a multitude of diverse sectors VERMONT AVENUE N NEW HAMPSHIRE AVENUE WILSHIRE CENTER 141 NEWHAMPSHIRE KOREATOWN 8 9

6 WILSHIRE / VERMONT (0.9 MILES AWAY) THE OFFERING 141 NEWHAMPSHIRE KOREATOWN PROPERTY SUMMARY 141 N New Hampshire Ave, Los Angeles, CA Price $2,250,000 Land Size (SF) 7,500 SF Price / SF $ Land Size (Acres) 0.17 Acres APN s Zoning LAR4-1 TOC Tier 3 Land Use Designation Specific Plan Neighborhood Council High Medium Residential Vermont / Western Station Neighborhood Area Plan Wilshire Center-Koreatown 50 FEET 10 11

WILSHIRE/ VERMONT STATION CURRENT RENT ROLL UNIT # TYPE CURRENT LEASE AVG SF 1 1 Bedroom / 1 Bath Vacant 899 2 1 Bedroom / 1 Bath Vacant 899 3 2 Bedroom / 1 Bath Vacant 899 4 2 Bedroom / 1 Bath

17 acres) of land located at 141 N New Hampshire Avenue, ideally located in one of the most sought after locations in Los Angeles SUMMARY OF TERMS INTEREST OFFERED 100% fee simple interest in 141 N

TAX MAP COUNCIL STREET ADDRESS 141 N New Hampshire Ave, Los Angeles CA 90004 SITE The subject property is located on N New Hampshire Avenue, just one block south of Beverly Boulevard and north of 1st

ZONING The zoning is LAR4-1 and falls within Tier 3 of the Transit Oriented Communities Affordable Housing Incentive Program.

7 WILSHIRE/ VERMONT STATION CURRENT RENT ROLL UNIT # TYPE CURRENT LEASE AVG SF 1 1 Bedroom / 1 Bath Vacant Bedroom / 1 Bath Vacant Bedroom / 1 Bath Vacant Bedroom / 1 Bath Vacant 899 Total Residential 3,596 THE PROPERTY Koreatown The Cultural Melting Pot of SoCal An approximately 7,500 square feet (0.17 acres) of land located at 141 N New Hampshire Avenue, ideally located in one of the most sought after locations in Los Angeles SUMMARY OF TERMS INTEREST OFFERED 100% fee simple interest in 141 N New Hampshire Ave, a 7,500 square foot land development site currently comprised of a quadraplex built in TAX MAP COUNCIL STREET ADDRESS 141 N New Hampshire Ave, Los Angeles CA SITE The subject property is located on N New Hampshire Avenue, just one block south of Beverly Boulevard and north of 1st Street FRONTAGE AND ACCESS The property has apparoximately 50 feet of frontage and access along N New Hampshire Avenue. ZONING The zoning is LAR4-1 and falls within Tier 3 of the Transit Oriented Communities Affordable Housing Incentive Program. MAJOR CROSS STREETS The property sits three parcels south of Council Street and New Hampshire Avenue, just one block south of Beverly Boulevard TRANSIT The Metro Red Line and Vermont / Beverly Station is 0.3 miles from the site. TERMS OF THE SALE Property is being offered on a free and clear basis. The existing quadraplex will be delivered vacant. SQUARE FOOTAGES The total land size is 7,500 SF or 0.17 acres. The APN SPECIFIC PLAN building square footage is 3,596 SF Vermont / Western Station Neighborhood Area Plan (Subarea A) PROPERTY TOURS Prospective purchasers are encouraged to visit the site prior to submitting offers. N NEW HAMPSHIRE AVENUE

LAR4-1 ZONING TRANSIT ORIENTED COMMUNITIES REGULATIONS

Classification Tier 3 DEVELOPMENT REGULATIONS Height

5 space / unit = 3 rooms 2 spaces / unit > 3 rooms

8 LAR4-1 ZONING TRANSIT ORIENTED COMMUNITIES REGULATIONS By-Right Density 1 dwelling unit / 800 SF GUIDELINES Classification Tier 3 DEVELOPMENT REGULATIONS Height District 45 feet Density Bonus 70% Maximum Floor Area Ratio 3.0 : 1 Maximum Height (+22 feet) 67 feet Buildable Units 18 Maximum Floor Area Ratio 4.5 : 1 Parking Required 1 space / unit < 3 rooms 1.5 space / unit = 3 rooms 2 spaces / unit > 3 rooms Buildable Units Parking Required spaces / unit 10% ELI Required Affordable Units 14% VL 23% LOWER COUNCIL STREET BERENDO STREET N NEW HAMPSHIRE AVENUE 14 15

THE LINE HOTEL Where creativity meets culture, a true urban experience.

Boasting its walkable proximity to the Vermont/Beverly metro station as well as a 10 minute drive to the heart of Downtown Los Angeles, the subject property is provided with great

Located in a premier pedestrian location, the asset benefit from easy access to employers, major studios, financial firms, entertainment and historic attractions.

An influx of capital dedicated to the revitalization of Koreatown has attracted a new resident base of young urban dwellers.

In the past decade, Koreatown has experienced significant gentrification and development, specifically along Wilshire Boulevard.

9 THE LINE HOTEL Where creativity meets culture, a true urban experience. MADANG COURTYARD WILTERN THEATER 141 N New Hampshire Avenue is located on the west side of New Hampshire Avenue in the middle of Koreatown, Rampart Village, Hollywood and Silver Lake. Boasting its walkable proximity to the Vermont/Beverly metro station as well as a 10 minute drive to the heart of Downtown Los Angeles, the subject property is provided with great transit options to experience the best the Greater Los Angeles area has to offer. Located in a premier pedestrian location, the asset benefit from easy access to employers, major studios, financial firms, entertainment and historic attractions. Koretown has seen a tremendous revitalization over the last decade. An influx of capital dedicated to the revitalization of Koreatown has attracted a new resident base of young urban dwellers. This new, hip client base has brought new restaurants, night clubs, and retail opportunities, making Koreatown one of the more desirable submarkets in the greater Los Angeles area. In the past decade, Koreatown has experienced significant gentrification and development, specifically along Wilshire Boulevard. Most notable is the Vermont, a 462-unit luxury apartment with over 30,000 SF of retail and 600 covered parking spaces CITY CENTER ON 6TH KOREATOWN Additionally, residents are given convenient access to the Red and Purple Metro lines. The Red line offers service from the North Hollywood Arts district all the way to Union Station in Downtown LA. The purple line is currently undergoing an extension and once completed, will offer service the current terminus at Wilshire/Western will extend westward for about nine miles and add seven new stations providing easy access to the Westside MORE THAN 50 DEVELOPMENT PROJECTS IN THE WORKS MacArthur Park 16 17

WALKSCORE METRO RED LINE 91 TRANSIT ORIENTED COMMUNITIES Located on New Hampshire Avenue, 141 N New Hampshire is classified as a Tier 3 in the Los Angeles Transit Oriented CommunitIES Affordable

The Tier 3 category allows for several By-Right incentives including density bonuses, an increased Floor Area Ratio, and reduced parking requirements. The subject property is located 0.

Northern end and Union Station at Downtown LA at its South-Eastern end as well as the Purple line extension that will add up to 9 miles of transit and will stop at Wilshire/Rodeo, Century City,

10 WALKSCORE METRO RED LINE 91 TRANSIT ORIENTED COMMUNITIES Located on New Hampshire Avenue, 141 N New Hampshire is classified as a Tier 3 in the Los Angeles Transit Oriented CommunitIES Affordable Housing Incentive Program due to its proximity to a major rail station. The Tier 3 category allows for several By-Right incentives including density bonuses, an increased Floor Area Ratio, and reduced parking requirements. The subject property is located 0.3 miles (8 minute walk) away from the Vermont / Beverly Metro Station offering pedestrians convenient access to the Red and Purple Line which provides direct transit to North Hollywood at the Northern end and Union Station at Downtown LA at its South-Eastern end as well as the Purple line extension that will add up to 9 miles of transit and will stop at Wilshire/Rodeo, Century City, Westwood/UCLA, and end at Westwood/ VA hospital. The property boasts a 91/100 on WalkScore.com stating that it is a walkers paradise as most errands can be accomplished on foot with many restaurants, entertainment, retail, and convenience stores nearby. Walker s Paradise: Daily errands do not require a car 70 Transit is convenient for most trips 66 Flat as a pancake, some bike lanes 18 19

3545 WILSHIRE ICON More than a dozen major projects are slated for development over the next few years, transforming the skyline Koreatown forever.

Projecting a few years forward, it s hard to imagine any part of the city looking as different as Koreatown.

3700 WILSHIRE Plans for this 36-story tower took a major hit when the city gave landmark status to the patch of privately owned green space it would replace.

The company will now have to run plans by the Cultural Heritage Commission to move forward with the development.

510,000-square-foot mixed-use complex highlighted by 32- and 14-story towers.

high-rise buildings. Project Status: Approvals Pending 3700 WILSHIRE VERMONT CORRIDER Trammell Crow Company are working with the county to transform the Vermont area of Koreatown.

11 3545 WILSHIRE ICON More than a dozen major projects are slated for development over the next few years, transforming the skyline Koreatown forever. Los Angeles is always evolving, but some neighborhoods change faster than others. Projecting a few years forward, it s hard to imagine any part of the city looking as different as Koreatown. With new buildings going up left and right, entire blocks could be nearly unrecognizable in a relatively short amount of time WILSHIRE Plans for this 36-story tower took a major hit when the city gave landmark status to the patch of privately owned green space it would replace. Jamison planned to build 506 residential units and 62,000 square feet of commercial space on the site, but residents objected to the loss of the park-like space. The company will now have to run plans by the Cultural Heritage Commission to move forward with the development. DEVELOPMENT 3545 WILSHIRE The project, which would replace a surface parking lot and two small office buildings at 3545 Wilshire Boulevard, would create an approximately 510,000-square-foot mixed-use complex highlighted by 32- and 14-story towers. A full buildout of the development would contain 428 residential units, nearly 32,000 square feet of ground-floor retail space and a 864-car parking garage stretching between the two high-rise buildings. Project Status: Approvals Pending 3700 WILSHIRE VERMONT CORRIDER Trammell Crow Company are working with the county to transform the Vermont area of Koreatown. The first site which currently has County buildings and a parking lot would be razed and replaced with a 21-story tower.the high-rise would be comprised of 13 levels of government offices atop an eight-story parking structure accommodating 965 vehicles and 134 bikes. The tower s ground floor would be split between parking and 10,000 square feet of retail space. The second site, A 12-story office, will be converted into housing with 172 units. This building would also hold street-level retail and a rooftop deck. The third site which houses the county parks and recreation office building will be demolished to construct a new six-story structure that would contain 72 residential units, as well as a 13,200-square-foot community center

WILSHIRE GATE PROJECT WILSHIRE GALLERIA PROJECT 4+N LOFTS WILSHIRE GALLERIA PROJECT Planned around the historic Wilshire Galleria, this project from Harridge Development

Construction to Begin: 3/2019 DEVELOPMENT KOREAN NATIONAL MUSEUM The project, a longtime objective of Koreatown stakeholders, is imagined as a seven-story mixed-use building,

Plans also call for 12 apartments to be set aside as very low-income housing, and a 144-car underground garage.

Vermont Avenue, would consist of a 33-story building featuring up to 200 hotel rooms, nearly 50,000 square feet of office space, 250 condominiums and 28,000 square feet of

Plans also call for parking for over 500 vehicles, as well as 18 residential units that would be set aside for very low income households.

12 WILSHIRE GATE PROJECT WILSHIRE GALLERIA PROJECT 4+N LOFTS WILSHIRE GALLERIA PROJECT Planned around the historic Wilshire Galleria, this project from Harridge Development Group would flank the old building with a 35-story tower and a seven-story condo structure. Altogether, it s set to include more than 500 condos and a hotel. Construction to Begin: 3/2019 DEVELOPMENT KOREAN NATIONAL MUSEUM The project, a longtime objective of Koreatown stakeholders, is imagined as a seven-story mixed-use building, featuring a two-story, 30,000-square-foot museum below 103 units of rental housing. Plans also call for 12 apartments to be set aside as very low-income housing, and a 144-car underground garage. Construction to Begin: 12/2018 WILSHIRE GATE PROJECT The Wilshire Gate project, slated for a 35,000-square-foot site at 631 S. Vermont Avenue, would consist of a 33-story building featuring up to 200 hotel rooms, nearly 50,000 square feet of office space, 250 condominiums and 28,000 square feet of retail space on the first and second floors. Plans also call for parking for over 500 vehicles, as well as 18 residential units that would be set aside for very low income households. KOREAN NATIONAL MUSEUM 4+N LOFTS Local real estate firm Jamison Services Inc. has unveiled a rendering for the 4+N Lofts, an upcoming multifamily residential complex in Koreatown. The proposed development, planned for a roughly one-acre property at at 411 S. Normandie Avenue, would consist of a sevenstory structure featuring 224 apartments, as well as amenities such as a pool deck, a club room a gym and a courtyard. Plans also call for a 373-car parking garage to be located beneath the building. Construction has Begun Construction to Begin: 7/

SOLAAIR WILSHIRE $56,873 Average HH income within 1-m radius 180,000 Population within a 1-mile radius 416,123 Households within 5-m radius DEMOGRAPHICS $989K Average estimated value of detached

Continued demand for residential properties is driven by local jobs, educational institutions and accessible public transit.

13 SOLAAIR WILSHIRE $56,873 Average HH income within 1-m radius 180,000 Population within a 1-mile radius 416,123 Households within 5-m radius DEMOGRAPHICS $989K Average estimated value of detached houses 62.5% Percentage of working households Koreatown is a community of students, entrepreneurs, residents, and tourists living the authentic LA experience. Continued demand for residential properties is driven by local jobs, educational institutions and accessible public transit. Large mixed-use projects are serving residents who take advantage of Koreatown s walk-friendly neighbors. 1 MILE 2 MILES 3 MILES 2017 Population 128, , , Households 47, , , Average Household Size Owner Occupied Housing Units 25.20% 28.35% 25.14% 2017 Renter Occupied Housing Units 74.79% 71.65% 74.86% 2017 Vacant 4,115 10,756 18,

14 SALES COMPARABLES (LAND) # ADDRESS CITY ZIP CODE SALE PRICE LOT SIZE $/SF ZONING COE DATE NOTES Melrose Ave Los Angeles $4,500,000 13,488 $ LAC2 3/5/ N Heliotrope Dr Los Angeles $2,618,423 7,919 $ LAC4 10/5/2017 Part of a portfolio sale S Catalina St Los Angeles $4,050,000 13,775 $ LAC4 7/6/2017 Not TOC eligible at the time of sale S St Andrews Pl Los Angeles $1,850,000 7,501 $ LAR4 2/17/ James M Wood Blvd Los Angeles $3,500,000 13,512 $ LAR4 5/1/2017 Not TOC eligible at the time of sale Not TOC eligible at the time of sale Average $

COMPARABLES (LAND) SALES COMPARABLES - LAND 1 4918-4920 Melrose Ave 2

$333.63 Zoning LAC2 Sale Date 3/5/2018 Notes - 707 N Heliotrope Dr 707

65 Zoning LAC4 Sale Date 7/06/2017 Notes Part of a portfolio sale 5

of sale 3 4 689 S Catalina St 723 S St Andrews Pl 689 S Catalina St

$4,050,000 Sale Price $1,850,000 $/SF $294.25 $/SF $246.

15 COMPARABLES (LAND) SALES COMPARABLES - LAND Melrose Ave Melrose Ave Lot Size 13,488 SF Sale Price $4,500,000 $/SF $ Zoning LAC2 Sale Date 3/5/2018 Notes N Heliotrope Dr 707 N Heliotrope Dr Lot Size 7,919 SF Sale Price $2,618,423 $/SF $ Zoning LAC4 Sale Date 7/06/2017 Notes Part of a portfolio sale James M Wood Blvd Lot Size 2767 James M Wood Blvd 13,512 SF Sale Price $3,500,000 $/SF $ Zoning LAR4 Sale Date 5/1/2017 Notes Not TOC eligible at the time of sale S Catalina St 723 S St Andrews Pl 689 S Catalina St 723 S St Andrews Pl Lot Size 13,775 Lot Size 7,501 Sale Price $4,050,000 Sale Price $1,850,000 $/SF $ $/SF $ Zoning LAC4 Zoning LAR4 Sale Date 7/6/2017 Sale Date 2/17/2017 Notes Not TOC eligible at the time of sale Notes Not TOC eligible at the time of sale 28 29

16 SALES COMPARABLES SALE COMPARABLES - MULTIFAMILY # NAME ADDRESS UNITS SALE PRICE CAP RATE / PRO FORMA $/UNIT $/SF BLDG SF YEAR BUILT SALE DATE 1 Larchmont Lofts 5700 Melrose Ave 21 $15,600, % / 4.35% $742,857 $ , /1/ The Desmond at Wilshire 5520 Wilshire Blvd 175 $105,000, % $600,000 $ , /31/ N Ardmore Ave 6 $3,290, % $548,333 $ , On Market 3 4 Francis Bliss 2840 Francis Ave 28 $13,250, % $473,214 $ , /1/ Elden Ave 8 $3,600, % $450,000 $ , /23/2016 Average 3.99% $562,880 $

COMPARABLES (MULTIFAMILY) SALES COMPARABLES - MULTIFAMILY 1 LARCHMONT

Wilshire Blvd 1248 Elden Ave Units 21 Units 175 Units 8 Sale Price

2016 Year Built 2008 Sale Date 7/1/2017 Sale Date 1/31/2017 Sale Date

Francis Ave Units 6 Units 28 Sale Price $3,290,000 Sale Price

17 COMPARABLES (MULTIFAMILY) SALES COMPARABLES - MULTIFAMILY 1 LARCHMONT LOFTS 2 THE DESMOND AT WILSHIRE ELDEN AVE 5700 Melrose Ave 5520 Wilshire Blvd 1248 Elden Ave Units 21 Units 175 Units 8 Sale Price $15,600,000 Sale Price $105,000,000 Sale Price $3,600,000 CAP Rate 3.57% CAP Rate 4.25% CAP Rate 4.00% $/Unit $742,857 $/Unit $600,000 $/Unit $450,000 $/SF $ $/SF $ $/SF $ Blg SF 25,029 Blg SF 200,000 Blg SF 9,862 Year Built 2008 Year Built 2016 Year Built 2008 Sale Date 7/1/2017 Sale Date 1/31/2017 Sale Date 6/23/ N ARDMORE AVE Francis Bliss 407 N Ardmore Ave 2840 Francis Ave Units 6 Units 28 Sale Price $3,290,000 Sale Price $13,250,000 CAP Rate 4.19% CAP Rate 3.94% $/Unit $548,333 $/Unit $473,214 $/SF $ $/SF $ Blg SF 6,153 Blg SF 30,760 Year Built 2018 Year Built 2015 Sale Date On Market Sale Date 11/6/

WEST APARTMENTS 3221 W Temple St 620 S Virgil

Type 3 BD/2 BA Unit SF 709 Unit SF 688 Unit SF

09 Lease Price $2,500 Lease Price $2,618 Lease

Year Built 2017 3 4 CACTUS APARTMENTS THE ABBEY

Centro Ave Type 1 BD/1 BA Type 2 BD/2 BA Type

18 COMPARABLES (RENT) LEASE COMPARABLES- MULTIFAMILY 1 HOM TEMPLE 2 NEXT ON 6TH 5 SEVEN WEST APARTMENTS 3221 W Temple St 620 S Virgil Ave 1331 W 7th St Type 1 BD/1 BA Type 1 BD/1 BA Type 3 BD/2 BA Unit SF 709 Unit SF 688 Unit SF 1,424 $/SF $3.53 $/SF $3.80 $/SF $3.09 Lease Price $2,500 Lease Price $2,618 Lease Price $4,402 Year Built 2015 Year Built 2018 Year Built CACTUS APARTMENTS THE ABBEY 6 THE LC 2510 W Temple St 3550 W 6th St 710 N El Centro Ave Type 1 BD/1 BA Type 2 BD/2 BA Type Studio Unit SF 561 Unit SF 820 Bldg SF 579 SF $/SF $3.77 $/SF $3.35 $/SF $4.32 Lease Price $2,113 Lease Price $2,766 Lease Price $2,499 Year Built 2017 Year Built 2016 Year Built

com License: CA 01874375 BRANDON EVANS Investment Associate Member, National Land Group Encino

19 LONNIE MCDERMOTT First Vice President Investments Director, National Land Group Encino Office Cell: Office: License: CA BRANDON EVANS Investment Associate Member, National Land Group Encino Office Cell: Office: License: CA N NEW HAMPSHIRE AVENUE 36

837 South Ardmore Avenue, Los Angeles, CA 90005

837 South Ardmore Avenue, Los Angeles, CA 90005 An 8-Unit Apartment Building in the Heart of Koreatown Exclusively Listed by The Neema Group at Marcus & Millichap // www.neemaahadian.com WWW.NEEMAAHADIAN.COM