20%+ Rental Upside Apartment Building Troost Apartments 6722 Troost Avenue, North Hollywood, CA units

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Leslie Murphy
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Corporate ID #01191898 A Member of the Lee & Associates Group of Companies 15250 Ventura Blvd.

1 exclusive multifamily offering 20%+ Rental Upside Apartment Building Troost Apartments 6722 Troost Avenue, North Hollywood, CA units Lee & Associates LA North/Ventura, Inc. Corporate ID # A Member of the Lee & Associates Group of Companies Ventura Blvd., Suite 100 Sherman Oaks, CA P: F: WARREN Principal Lic. # wberzack@lee-re.com SLAVIC ZLATKIN Principal Lic. # szlatkin@lee-re.com

PROPERTY DESCRIPTION Troost Apartments is a well built 10-unit apartment building located in North Hollywood, California.

Built in 1964, the property offers great rental upside, in an excellent rental market, low maintenance, and easy freeway access.

Facilities Low Maintenance Close to Major Thoroughfares An Excellent Rental Market LOCATION INFORMATION Troost Apartments is located along the east side of Troost Avenue between

2 PROPERTY DESCRIPTION Troost Apartments is a well built 10-unit apartment building located in North Hollywood, California. Set on a 7,802 square foot lot, the 6,766 square foot property offers studio, singles, one- and two-bedroom apartment homes. Built in 1964, the property offers great rental upside, in an excellent rental market, low maintenance, and easy freeway access. Highlights & Amenities Upside in Rents Great Unit Mix Easy Access to Freeways Great Location Public Transporation Nearby Covered and Gated Parking Gated Entry On-Site Laundry Facilities Low Maintenance Close to Major Thoroughfares An Excellent Rental Market LOCATION INFORMATION Troost Apartments is located along the east side of Troost Avenue between Vanowen Street north and Kittridge Street south, just east of Lankershim Blvd and west of Tujunga Avenue. Easy Access to 170, 101, 134 & 5 Freeways Nearby to multiple parks, schools, churches and temples Minutes from Target, Smart & Final Extra, Kmart, Home Depot; Popeyes Louisiana Kitchen, Starbucks and myriad other retail offerings

MULTIFAMILY INVESTMENT INFORMATION SHEET Lee Associates LA North/Ventura, Inc. Warren Berzack 818.933.0350 wberzack@lee re.com Lic.

3 MULTIFAMILY INVESTMENT INFORMATION SHEET Lee Associates LA North/Ventura, Inc. Warren Berzack re.com Lic. # Slavic Zlatkin re.com Lic. # Ventura Boulevard, Suite 100 Sherman Oaks, CA PROPERTY NAME Troost Apartments NUMBER OF UNITS 10 ADDRESS 6722 Troost Ave. BUILDING SIZE (SQ. FT.) 6,766 CITY, STATE, ZIP North Hollywood, CA LOT SIZE (SQ. FT.) 7,802 PRICE $1,650,000 COST PER UNIT $165,000 YEAR BUILT 1964 COST PER SQFT $ INVESTMENT HIGHLIGHTS Great Rental Upside Excellent Rental Market Low Maintenance RENTAL INFORMATION Current Income Market Income NO. UNITS BDRMS BATHS TYPE AVG. RENT Monthly Income RENT Monthly Income Studio $856 $1,712 $950 $1, Single $875 $1,749 $950 $1, $922 $2,767 $1,195 $3, $1,115 $3,346 $1,450 $4,350 Scheduled Monthly Income: $9,574 $11,735 ANNUAL PROPERTY OPERATING DATA CURRENT INCOME/YEAR MARKET INCOME/YEAR ESTIMATED ANNUAL EXPENSES AS % GOI AS % GOI AS % GOI Scheduled Gross Income $114, % $140, % Taxes (Est. 1.20%) $19, % Garage Income $2, % $2, % Insurance $2, % Laundry Income $1, % $1, % DWP $14, % Gross Operating Income $118,786 CURRENT MARKET $144,720 Repairs/Maintanence $5, % Vacancy Reserve $3, % GRM $4, % Effective Gross Income $115, $140,378 Management $0 0.00% Expenses $49, % CAP Rate $49, % Pest Control ($50/mo) $ % Net Operating Income $66, % 4.01% 5.54% $91, % Cleaning $1, % Debt Service $56,717 Cash on Cash $56,717 Miscellaneous($100/un) $1, % Pre Tax Cash Flow $9, % 5.25% $34,620 Trash ($172/mo) $2, % Principal Reduction $17,382 Return On Equity $17,382 License/Permits $ % Return on Equity $26, % 7.88% $52,002 MORTGAGE FINANCING INFORMATION Loan Amount $990,000 Monthly Loan Payment $4,726 Down Payment $660,000 40% Annual Loan Payment $56,717 TOTAL EXPENSES $49, % 5 Year Fixed Rate 4.00% Year 1 Interest Amount (approx.) $39,335 Amortization Period (Yrs) 30 Year 1 Principal Paydown (approx.) $17,382 Expense / NRSF Expense / Unit $7.25 $4,904

4 RENT ROLL Unit Type Rent 1 Single $ $ 1, $ Single $ $ 1, $ Studio $ $ $ Studio $ Total: $9, Annual Rent: $114,885.96

AREA INFORMATION North Hollywood is a neighborhood in the San Fernando Valley

It is home to the NoHo Arts District and the Academy of Television Arts &

It is a moderately diverse district of an estimated 87,241 residents fast

This is owed in large part to the Metro Stations for the Red Line and Orange

Also, numerous medium- and high-density developments are around the station,

Arts and Leisure at its best Numerous theaters, museums and historical sites as

Renowned as Los Angeles official arts comunity, centered at Magnolia and

5 AREA INFORMATION North Hollywood is a neighborhood in the San Fernando Valley region of the city of Los Angeles, California. It is home to the NoHo Arts District and the Academy of Television Arts & Sciences. It is a moderately diverse district of an estimated 87,241 residents fast becoming a dynamic, bustling metropolitan area. This is owed in large part to the Metro Stations for the Red Line and Orange Line, making the city into a regional hub for the San Fernando Valley. Also, numerous medium- and high-density developments are around the station, particularly in the NoHo Arts District, creating a walkable, urban village. Arts and Leisure at its best Numerous theaters, museums and historical sites as well as fine dining, shopping and recreational opportunities NoHo Arts District Renowned as Los Angeles official arts comunity, centered at Magnolia and Lankershim. Endless recreational activities Home to the Academy of Television Arts and Sciences and the world-famous Emmy statue. DEMOGRAPHIC SUMMARY Total Population Average Household Income 1-mile radius 39,609 $54,810 5-mile radius 684,134 $85,634

6 AERIAL MAP Irvine Ave Archwood St Troost Ave Troost Ave Archwood St SITE PLAN

7 T r o o s t A pa r t m e n t s AMENITIES AERIAL investment propert y advisors

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