/2 FULCHER AVE, NORTH HOLLYWOOD CA 91601

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OFFERING MEMORANDUM NEW CONSTRUCTION THREE UNIT PRIME NOHO ARTS DISTRICT NEIGHBORHOOD LIST PRICE: $1,775,000 5.5% CAP RATE / 13.

1 OFFERING MEMORANDUM NEW CONSTRUCTION THREE UNIT PRIME NOHO ARTS DISTRICT NEIGHBORHOOD LIST PRICE: $1,775, % CAP RATE / 13.3 GRM Certificate of Occupancy Issued All Units Fully Leased /2 FULCHER AVE, NORTH HOLLYWOOD CA SETH HAMILTON Seth@StreetlampProperties.com BRE# STREETLAMPPROPERTIES.COM MIRROR IMAGE THREE UNIT PROJECT AVAILABLE ON THE SAME BLOCK AT: /2 FULCHER AVENUE Streetlamp Properties, LLC is a managing partner in this development. All marketing information provided by Citivest Realty Services, BRE #

TABLE OF CONTENTS 01 11 14 THE OFFERING 2 Sample Finishes 5 Property overview 6 Site 7 Site plans 8 Floor Plans 10 Aerial Photo PROPERTY DETAILS

2 TABLE OF CONTENTS THE OFFERING 2 Sample Finishes 5 Property overview 6 Site 7 Site plans 8 Floor Plans 10 Aerial Photo PROPERTY DETAILS 12 Rent roll/mlslisted rent comps 13 Publicly listed sale comps THE NEIGHBORHOOD 15 Area Maps 18 Other properties 20 Featured Projects 25 Contact

THE OFFERING We are pleased to announce the offering of a new construction Green Certified three unit in a trendy North Hollywood Arts District neighborhood!

3 THE OFFERING We are pleased to announce the offering of a new construction Green Certified three unit in a trendy North Hollywood Arts District neighborhood! This property has passed final inspections and certificate of occupancy has been issued! All units have been leased and numbers are based on actual rents! This luxury three unit project offers a detached front house and a rear duplex with townhouse style units. There is a total of 11 bedrooms and 8.5 bathrooms. The front house has an attached two car garage and the rear units each have two spaces. All units are finished with high quality materials, private laundry rooms, open floorplans and modern upgraded kitchen appliances. They are equipped with separate meters for water, gas and electriciy as well as a forth common area electric and water meter for servicing exterior lighting and landscape irrigation. Plans include installation of LID containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property. This property is situated in a prime and trendy North Hollywood neighborhood. It is in walking distance to the NoHo Arts District providing shopping, arts, entertainment, dining and nightlife, as well as many local North Hollywood joints. The area is flat and offers bike lanes providng the tenants with an ideal location. New construction three unit projects such as this are a great find and when available lease at higher rates than competing older properties. Neighborhood rents are strong, bringing a 13.3 GRM and 5.5% Cap rate to the buyer. The certificate of occupancy has been issued and we are anxious to get the property into escrow. All three units have been leased! Please send your offers! 1

4 OPEN FLOOR PLANS QUALITY FINISHES 2 SAMPLE FINISHES

5 GREEN CERTIFIED LOW MAINTENANCE 3 SAMPLE FINISHES

6 PRIVATE LAYOUTS LUXURY LIVING 4 SAMPLE FINISHES

PROPERTY OVERVIEW THE PROPERTY: APN: 2337-028-013 # of Units: 3 Year Built: 2017 Building Size (SF): 4,673

5% Price per SF: $380 Price per Unit: $591,667 AMENITIES: Covered Parking: 2 Uncovered Parking: 4 Laundry:

7 PROPERTY OVERVIEW THE PROPERTY: APN: # of Units: 3 Year Built: 2017 Building Size (SF): 4,673 Lot Size (SF): 7,000 Zoning: RD1.5-1VL THE OFFERING: List Price: $1,775,000 GRM: 13.3 Cap Rate: 5.5% Price per SF: $380 Price per Unit: $591,667 AMENITIES: Covered Parking: 2 Uncovered Parking: 4 Laundry: Private Each Unit 5 Tenant Meters: (water/gas/electric) 3 Owner/Common Meters: (water/electric) 1 Floors: 2 SAMPLE FINISHES

8 SITE FULCHER AVE 6

9 SITE PLAN 7

10 PLANS first floor plan 8

11 PLANS second floor plan 9

12 AERIAL VIEW - FULCHER AVENUE

13 PROPERTY DETAILS SUMMARIZED PRICING METRICS BUILDING DESCRIPTION PROPOSED FINANCING PRICE: $1,775,000 NO. OF UNITS 3 LOAN AMOUNT $1,189,250 DOWN (33%): $585,750 YR. BUILT 2017 INTEREST RATE 3.8% GRM: 13.3 YR. RENOVATED - MONTHLY PAYMENT $5,541 CAP RATE: 5.5% ZONING RD1.5-1VL LTV 67% $/UNIT: $591,667 LOT SIZE (SQ FT) 6,999 AMORTIZATION (YEARS) 30 $/SF: $380 GROSS SF 4,673 DSCR 1.46 ANNUALIZED OPERATING DATA ACTUAL RENTS ANNUALIZED EXPENSES ACTUAL EXPENSES FIXED EXPENSES GROSS RENTAL INCOME $133,200 REAL ESTATE TAXES 1.29% $22,898 GAIN (LOSS)-TO-LEASE $0 INSURANCE.35/SQ FT $1,636 GROSS SCHEDULED RENTAL INCOME $133,200 UTILITIES $918 LESS: VACANCY 3% -$3,996 EFFECTIVE GROSS INCOME $129,204 CONTROLLABLE EXPENSES LESS: EXPENSES $32,051 CONTRACT SERVICES $350/MO $4,200 MISCELLANEOUS INCOME $0 REPAIRS & MAINTENANCE $400/UNIT $1,200 NET OPERATING INCOME $97,153 UNIT TURNOVER $400/UNIT $1,200 DEBT SERVICE -$66, TOTAL EXPENSES $32,051 PRE-TAX CASH FLOW 5.2% $30, EXPENSES/UNIT $8,013 PRINCIPAL REDUCTION $21, EXPENSES/SQ FT $6.86 TOTAL RETURN 8.87% $51, % OF EGI 24.8% 11

14 RENT ROLL UNIT # STATUS UNIT TYPE UNIT SIZE PRICE / SQ FT SCHEDULED GROSS INCOME # FLOORS / UNIT PARKING LAUNDRY 5756 LEASED 3B/2.5B 1,583 $2.34 $3, ATTACHED PRIVATE 5758 LEASED 4B/3B 1,545 $2.39 $3, UNCOVERED PRIVATE /2 LEASED 4B/3B 1,545 $2.39 $3, UNCOVERED PRIVATE /2 LEASED 11B/8.5B 4,673 $2.38 $11, GAR/ 4 UNCOV 3 PRIVATE ROOM PUBLICLY LISTED RENTAL COMPS ADDRESS STATUS BED/BATH YR. BUILT UNIT SIZE RENT $/SF LEASE/LIST DATE 5031 FAIR AVE LEASED 3B/2B ,485 $4,030 $2.71 4/27/ HUSTON ST LEASED 3B/2B ,400 $3,700 $2.64 5/16/ MAGNOLIA BLVD #417 ACTIVE 3B/2.5B ,543 $4,267 $2.77 5/14/ LANKERSHIM BLVD LEASED 2B/2B ,105 $3,500 $3.17 4/27/ MCCORMICK ST ACTIVE 3B/2B ,276 $3,910 $3.06 9/18/ TUJUNGA AVE LEASED 3B/2B ,363 $4,035 $2.96 5/2/ VINELAND AVE #302 ACTIVE 3B/2B ,201 $3,688 $3.07 9/18/ HESBY ST LEASED 3B/2B ,200 $3,400 $2.83 COMPARABLE AVERAGE: ,295 $3,814 $2.97 SUBJECT PROPERTY: LEASED ,558 $3,700 $

15 PUBLICLY LISTED SALE COMPS ADDRESS STATUS UNIT COUNT BED/BATH YR. BUILT SQ FT PRICE GRM $/SF SALE/LIST DATE HESBY ST SOLD 3 9B/6B ,497 $1,500, $ /5/ VANOWEN ST SOLD 4 14B/10B ,030 $2,258, $ /10/ HUSTON ST PENDING 4 14B/12B ,400 $2,250, $ /10/ RIVERSIDE DR SOLD 4 8B/4B ,672 $1,500, $ /27/ CAMARILLO ST PENDING 4 12B/14B ,498 $2,450, $ /27/ MIRANDA ST SOLD 4 14B/10B ,400 $2,200, $ COMP AVERAGE: ,916 $2,026, $ SUBJECT PROPERTY: LEASED 3 11B/8.5B ,673 $1,775, $ COMP $/SQ FT $ SUBJECT SQ FT 4,673 SUGGESTED VALUE $1,932,858 COMP GRM SUBJECT GROSS POTENTIAL RENT $133,200 SUGGESTED VALUE $1,869,499 13

16 THE NEIGHBORHOOD LOCAL FAVORITES Rodini Park Greek.8 miles The Federal Bar.6 miles Hayat s Kitchen.1 miles NoHo Arts District.8 miles WALK SCORE WALK 78% BIKE 66% TRANSIT 62% DEMOGRAPHICS AFRICAN AMERICAN 7,259 ASIAN OR PACIFIC ISLANDER 11,700 INDIAN 811 MIXED RACES WHITE 44,100 HISPANIC 91,700 14

AREA ATTRACTIONS NoHo Area Attractions NoHo Arts District Porto's Bakery & Cafe Bob's Big Boy NoHo Metro Station UrbanizeLA Development Universal Studios Hollywood Hollywood Sign The Walt Disney

17 AREA ATTRACTIONS NoHo Area Attractions NoHo Arts District Porto's Bakery & Cafe Bob's Big Boy NoHo Metro Station UrbanizeLA Development Universal Studios Hollywood Hollywood Sign The Walt Disney Studios Griffith Observatory Bob Hope Airport NoHo Arts District Walking Map Television Academy Lankershim Arts Center Theatre 68 The Federal Bar Ralphs TEAPOP Republic Of Pie NoBAR Los Burritos Inc Circus Liquor 15

Directions from 5756 Fulcher Ave to Los Burritos Inc 5756 Fulcher Ave Circus Liquor UrbanizeLA Development

18 WALKING MAP - NOHO ARTS DISTRICT NoHo Area Map NoHo Arts District Walking Map Lankershim Arts Center Theatre 68 The Federal Bar UrbanizeLA Development Ralphs TEAPOP Republic Of Pie Los Burritos Inc Circus Liquor Directions from 5756 Fulcher Ave to Los Burritos Inc 5756 Fulcher Ave Circus Liquor UrbanizeLA Development Ralphs Theatre 68 NoHo Arts District The Federal Bar NoHo Metro Station Los Burritos Inc 5756 Fulcher Ave 5756 Fulcher Ave 16

19 17

OTHER PROPERTIES 5650 FULCHER AVE, NORTH HOLLYWOOD 91601 COMPLETED PROJECT, COFO IN HAND, ALL UNITS LEASED; LIST PRICE $1,750,000; 3 UNITS - 11B/8.5B (1X 3B/2.

20 OTHER PROPERTIES 5650 FULCHER AVE, NORTH HOLLYWOOD COMPLETED PROJECT, COFO IN HAND, ALL UNITS LEASED; LIST PRICE $1,750,000; 3 UNITS - 11B/8.5B (1X 3B/2.5B, 2X 4B/3B); TOTAL SQ FT 4,673, LOT SF 6,999, ANNUAL GROSS RENTS $138,000. MIRROR IMAGE TO 5756 FULCHER. LOCATED JUST 1 MILE FROM THE NOHO ARTS DISTRICT, VALLEY VILLAGE AND TOLUCA WOODS. ACTIVE 5313 RIVERTON AVE, NORTH HOLLYWOOD NOVEMBER 2017; PRICE RANGE $2,499,000-$2,699,000; 4 UNITS - 12B/11B (2X 3B/2.5B, 2X 3B/3B); TOTAL SQ FT 5,554, LOT SF 5,400, ANNUAL GROSS RENTS $173,400. LOCATED LESS THAN 1 MILE FROM THE TRENDY NOHO ARTS DISTRICT, WITH SHOPPING, ARTS, ENTERTAINMENT, DINING AND NIGHTLIFE. UNDER CONTRACT 6413 LEXINGTON AVE, HOLLYWOOD WINTER 2017; PRICE RANGE $2,999,000 - $3,299,000; 4 UNITS - 11B/12.5 (1X 2B/2.5B, 1X 3B/3B, 2X 3B/3.5B); TOTAL SQ FT 6,106, LOT SF 6,925; GROSS RENTS TBD. FOUR TOWNHOUSE STYLE UNITS WITH SPACIOUS OPEN FLOORPLANS. CENTRALLY LOCATED IN PRIME HOLLYWOOD NEIGHBORHOOD. PREMARKET - ACCEPTING OFFERS 18

21 OTHER PROPERTIES 3400 LONDON ST, SILVER LAKE WINTER 2017; PRICE TBD; 4 UNITS - 12B/14B (4X 3B/3.5B); TOTAL SQ FT 6,066, LOT SF 4,768, GROSS RENTS TBD. PROPERTY BOASTS FOUR TOWNHOUSE STYLE UNITS. CENTRALLY LOCATED BETWEEN SILVER LAKE, ECHO PARK AND JUST MINUTES FROM KOREATOWN. PREMARKET - ACCEPTING OFFERS 146 ROSEMONT AVE, LOS ANGELES SPRING 2018; PRICE TBD; 6 UNITS - 17B/14B (1X 2B/1.5B, 2X 3B/2B, 3X 3B/2.5B); TOTAL SQ FT 6,961, LOT SF 7,521; GROSS RENTS TBD. SIX UNITS OF MIXED SIZES WITH ON-SITE PARKING. GREAT LOCATION WITH EASY FREEWAY ACCESS, CLOSE TO KOREATOWN, DODGER STADIUM AND ECHO PARK. PREMARKET - ACCEPTING OFFERS 19

N FEATURED PROJECT NORTH HOLLYWOOD NEW CONSTRUCTION THREE UNIT 5650 FULCHER AVE, NORTH HOLLYWOOD 91601 LIST PRICE: $1,750,000 Turn key No rent control High cash flow 5.6% CAP RATE / 13.

22 N FEATURED PROJECT NORTH HOLLYWOOD NEW CONSTRUCTION THREE UNIT 5650 FULCHER AVE, NORTH HOLLYWOOD LIST PRICE: $1,750,000 Turn key No rent control High cash flow 5.6% CAP RATE / 13.1 GRM THE PROPERTY: APN: # of Units: 3 Year Built: 2017 Building Size (SF): 4,673 Lot Size (SF): 7,000 Zoning: RD1.5-1VL THE OFFERING: List Price: $1,750,000 GRM: 13.1 Cap Rate: 5.6% Price per SF: $ Price per Unit: $583,333 AMENITIES: Covered Parking: 2 Uncovered Parking: 4 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 3 Owner/Common Meters: (water/electric) 1 Floors: Fulcher is ideally located in a trendy North Hollywood Arts District neighborhood.this project boasts a 78 walk score with shopping, daily errands, dining and nightlife all within walking distance. It is less than 1 mile from the NoHo Arts District and Valley Village. It is also in close proximity to public transportation, and major freeways making it easy and convenient for daily commuting. This luxury, green certified three unit project offers 11 bedrooms and 8.5 bathrooms in one detached front house and a rear duplex. Plans include installation of LID containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Certificate of occupancy is in hand! 20

6413 W LEXINGTON AVE, HOLLYWOOD 90038 N NEW CONSTRUCTION FOURPLEX PRICE RANGE: $2,999,000 - $3,299,000 THE PROPERTY: APN: 5533-004-013 # of Units: 4 Year Built: 2017 Building Size (SF): 6,106 Lot

16 Price per Unit: $749,750 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 4 Owner/Common Meters: (water/electric) 1 Floors: 3 6413

23 6413 W LEXINGTON AVE, HOLLYWOOD N NEW CONSTRUCTION FOURPLEX PRICE RANGE: $2,999,000 - $3,299,000 THE PROPERTY: APN: # of Units: 4 Year Built: 2017 Building Size (SF): 6,106 Lot Size (SF): 6,925 Zoning: RD1.5-1XL Turn key No rent control High cash flow 4.8% CAP RATE / 15.1 GRM THE OFFERING: Price Range: $2,999,000 - $3,299,000 GRM: 15.1 Cap Rate: 4.8% Price per SF: $ Price per Unit: $749,750 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 4 Owner/Common Meters: (water/electric) 1 Floors: West Lexington Avenue is centrally located in a prime Hollywood neighborhood. This property is a walker s dream with a 91 walk score. All your daily errands, dining, nightlife and shopping are within walking distance. Bike lanes and flat ground bring a 78 bike score making it safe to travel the area. It is also in close proximity to public transportation, and major freeways providing easy and convenient accessibility for daily commuting. This high-end, spacious project has four townhouse style units each with three beds, three and half baths and a two car garage. Plans include installation of LID containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Construction is anticipated to be completed Winter

636 N PARKMAN AVE, SILVER LAKE 90026 N NEW CONSTRUCTION FOURPLEX PRICE RANGE: $3,199,000 - $3,399,000 THE PROPERTY: APN: 5401-026-017 # of Units: 4 Year Built: 2017 Building Size (SF): 6,612 Lot Size

82 Price per Unit: $799,750 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 4 Owner/Common Meters: (water/electric) 1 Floors: 3 636

24 636 N PARKMAN AVE, SILVER LAKE N NEW CONSTRUCTION FOURPLEX PRICE RANGE: $3,199,000 - $3,399,000 THE PROPERTY: APN: # of Units: 4 Year Built: 2017 Building Size (SF): 6,612 Lot Size (SF): 7,101 Zoning: RD1.5-1VL Turn key No rent control High cash flow 5.0% CAP RATE / 14.7 GRM THE OFFERING: Price Range: $3,199,000 - $3,399,000 GRM: 14.7 Cap Rate: 5.0% Price per SF: $ Price per Unit: $799,750 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 4 Owner/Common Meters: (water/electric) 1 Floors: North Parkman Avenue is centrally located in a trendy Silver Lake neighborhood. This property is in a good location with a 71 walk score with plenty of shopping,dining and nightlife in walking distance. It is also in close proximity to major freeways and public transportation allowing for ease of access in commute and area exploration. This project is ideally located in the mix of all prime Hollywood neighborhoods and areas, providing a mix of entertainment. This luxury, well layed out project has four townhouse style units each with three beds, three and half baths and a two car garage. Plans include installation of LID containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Construction is anticipated to be completed Winter

3400 W LONDON ST, SILVER LAKE 90026 N NEW CONSTRUCTION FOURPLEX PRICE RANGE: $2,949,000 - $3,249,000 THE PROPERTY: APN: 5401-010-001 # of Units: 4 Year Built: 2017 Building Size (SF): 6,066 Lot Size

15 Price per Unit: $737,250 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 4 Owner/Common Meters: (water/electric) 1 Floors: 3 3400

25 3400 W LONDON ST, SILVER LAKE N NEW CONSTRUCTION FOURPLEX PRICE RANGE: $2,949,000 - $3,249,000 THE PROPERTY: APN: # of Units: 4 Year Built: 2017 Building Size (SF): 6,066 Lot Size (SF): 6,109 Zoning: RD1.5-1VL Turn key No rent control High cash flow 4.9% CAP RATE / 14.9 GRM THE OFFERING: Price Range: $2,949,000 - $3,249,000 GRM: 14.9 Cap Rate: 4.9% Price per SF: $ Price per Unit: $737,250 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 4 Owner/Common Meters: (water/electric) 1 Floors: West London Street is ideally located in a prime Silver Lake neighborhood. This property is very walkable with daily shopping, nightlife, arts and entertainment all in walking distance. It is in close proximity to major freeways providing easy commuting. It is just minutes from the popular Sunset Junction, downtown Hollywood and West Hollywood, as well as Griffith Park and the Hollywood Hills. This spacious, luxurious new construction building has four townhouse style units each with three beds, three and half baths and a two car garage. Plans include installation of LID containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Construction is anticipated to be completed Winter

CONTACT INFO PLEASE VISIT: FOR MORE INFORMATION ON OUR UPCOMING PROPERTIES. Information Provided by: Seth Hamilton, BRE # 01897619 Citivest Realty Services, BRE # 01875823 2.

26 CONTACT INFO PLEASE VISIT: FOR MORE INFORMATION ON OUR UPCOMING PROPERTIES. Information Provided by: Seth Hamilton, BRE # Citivest Realty Services, BRE # % Cooperating Broker Compensation The information contained herein is not a substitute for a thorough independent due diligence investigation. Owner/Developer/ Agent are not qualified to discuss or advise on legal, accounting, or other matters outside of those permitted by state law. Owner/Developer/Agent have not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property SETH@STREETLAMPPROPERTIES.com 25

/2 FULCHER AVE, NORTH HOLLYWOOD CA 91601

/2 FULCHER AVE, NORTH HOLLYWOOD CA 91601 OFFERING MEMORANDUM NEW CONSTRUCTION THREE UNIT PRIME NOHO ARTS DISTRICT NEIGHBORHOOD LIST PRICE: $1,750,000 5.6% CAP RATE / 13.1 GRM Certificate of Occupancy Issued All units fully leased! 5650-5652 1/2