Presented by: Stephen M. Saltzman BRE# Ocean Park Blvd. # 140 Santa Monica, CA Direct

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75 APARTMENT UNITS INVESTMENT PROPERTY OFFERING PRIME HOLLYWOOD AREA LOCATION 7513 Fountain Avenue, Hollywood, CA 90046 Presented by: Stephen M. Saltzman BRE#00677514 2701 Ocean Park Blvd.

1 75 APARTMENT UNITS INVESTMENT PROPERTY OFFERING PRIME HOLLYWOOD AREA LOCATION 7513 Fountain Avenue, Hollywood, CA Presented by: Stephen M. Saltzman BRE# Ocean Park Blvd. # 140 Santa Monica, CA Direct stephen@smsaltzman.com THE INFORMATION HEREIN IS COMPILED AS OF 11/2014, HAS NOT BEEN VERIFIED, AND IS PROVIDED WITHOUT WARRANTY. READERS ARE ADVISED TO INVESTISTIGATE AND VERIFY INFORMATION HEREIN PRIOR TO ENTERING INTO A TRANSACTION.

2 Property Specifications Address: Location: Building: 7513 Fountain Avenue Los Angeles, California blocks south of Sunset Boulevard and 8 blocks east of Fairfax Avenue 75 unit apartment building, consisting of five 2-bedroom/2-bath units, fifty-five 1-bedroom/1-bath units, and thirteen single/1-bath units, and two bachelor/1-bath units Year Built: 1973 Parking: Zoning: Building Size: Lot Size: Construction: 106 controlled access subterranean parking spaces R3LA 68,066 square feet 28,218 square feet Four story wood frame building with stucco exterior

3 Property Features Controlled access entry New roof (2012) New balconies/railings ( 2011) New exterior paint (2011) Swimming pool (2012 converted to saltwater) Copper plumbing Lush landscaping Large tiled lobby On-site laundry room (6 washers/6 dryers) Building has large storage room Separately metered for electricity Common BBQ area Trash chutes on each floor Elevators Tenant storage bins in garage Attractive building with strong street presence and excellent upside potential Excellent investment opportunity to purchase an apartment building in one of the best locations in Los Angeles Close to the Hollywood and Highland major entertainment center, The Dolby Center, The Hollywood Bowl and other Hollywood attractions Easy access to the Hollywood & Highland Metro Station, the 101 Freeway, shops, restaurants of West Hollywood and Beverly Hills Features Unit Features Many units have renovated kitchens with granite countertops, custom cabinets, tile floors, double sinks, faucets, light fixtures and upgraded appliances, including refrigerators, electric stoves, dishwashers and microwaves Many units have renovated bathrooms with granite countertops, custom cabinets, tile floors, shower doors, sinks, plumbing fixtures, light fixtures, mirrors, medicine cabinets, towel bars, toilet roll dispensers; bathrooms have tiled shower/tub Many units with 2 color paint schemes, laminate hardwood floors, carpets in the bedrooms and mirrored wardrobe closet doors Separate dining area Abundant closet space Many units have balconies Cable ready All units have new front doors with new beautiful chrome hardware Many 3rd floor units have skylights Some 3rd floor units have views of the Hollywood Hills

Executive Summary 7513 Fountain Avenue Market Los Angeles Year Built No. of Stories Hollywood, CA 90046 List Price Price Per Unit $23,500,000 $313,333 CAP 3.2 % GIM 17.

4 Executive Summary 7513 Fountain Avenue Market Los Angeles Year Built No. of Stories Hollywood, CA List Price Price Per Unit $23,500,000 $313,333 CAP 3.2 % GIM 17.4 Price PSF $345 Total Units 75 Building S.F. Approx. Lot Size 68,066 28,218 No. of Buildings Tax Parcel Number Sub Market 4 Zoning Type R3LA Hollywood

5 Investment Information Listing Price Price Per Unit $23,500,000 $313,333 CAP 3.2 % GIM 17.4 Price PSF $345 Total Units 75 Building S.F. 68,066 No. of Buildings 1 Estimated Annualized Operating Data Pro Forma Scheduled Income $1,349,112 Laundry Income $4,907 Gross Potential Income $1,354,019 Less Vacancy 3% $40,473 Gross Operating Income $1,313,546 Less Expenses 41% $553,265 Net Operating Income $760,281 Less Loan Payment $0 Pre-Tax Cash Flow $760,281 Cash on Cash Return 3.2% Scheduled Gross Income Units Average Rent Income 2 Bachelor, 1 Bath $1, $2, Single, 1 Bath $1, $15, Bed,1 Bath $1, $84, Bed, 2 Bath $1, $9, Estimated Annualized Expenses Pro Forma Total Expenses $553,265 Please see expense detail on next page. $112,426.10

6 Estimated Expense Summary Pro Forma Accounting $6,933 Electricity $19,852 Elevators $5,532 Gardening $7,785 Gas $11,060 Insurance $34,922 Licenses $10,769 Maintenance/Repairs $45,103 Off-site Management (3%) $40,473 On-site Manager $15,188 Pest Control $736 Pool $2,320 Projected Taxes (0.125%) $293,750 Taxes, LLC $12,826 Telephone $1,478 Trash $11,682 Water/Sewer $32,856 Totals $553,265 Estimated Expense Summary

7 Rent Roll November Fountain Avenue, Los Angeles, CA Rent Roll November 2014 Unit # Bedroom/ Bathroom Rent Actual Move In Date Comments 1 2/2 2, /1/2014 Renovated 2 2/2 1, /1/2011 Renovated 3 2/2 1, /1/ /1 1, /1/ /2 1, /1/ s/1 1, /1/2014 Renovated 102 1/1 1, /15/2013 Renovated 103 1/1 1, /1/2012 Renovated 104 1/1 1, Vacant, Renovated, Projected Rent 105 1/1 1, /1/ s/1 1, /1/2013 Renovated 107 s/1 1, /8/2013 Renovated 108 1/1 1, /1/2014 Renovated 109 1/1 1, /7/2014 Renovated 110 1/1 1, /22/2014 Renovated 111 1/1 1, /1/ /2 2, /1/2013 Renovated 113 s/1 1, /10/2012 Renovated 114 1/1 1, /1/ s/1 1, /1/2014 Renovated 116 1/1 1, /15/2013 Renovated 117 1/1 1, /1/ /1 1, /1/2011 Renovated 119 1/1 1, /1/2014 Renovated 120 1/1 1, /1/2013 Renovated 121 1/1 1, /1/2014 Renovated 122 1/1 1, /1/2013 Renovated 201 s/1 1, /1/ /1 1, /1/2013 Renovated 203 1/1 1, /1/2012 Renovated 204 1/1 1, /1/ /1 1, /1/2012 Renovated 206 s/1 1, /3/2013 Renovated 207 s/1 1, /4/ /1 1, /23/2013 Manager's Unit, Renovated, Projected Rent 209 1/1 1, /1/ /1 1, /19/2014 Renovated 211 1/1 1, /1/2014 Renovated 212 1/1 1, /15/ /1 1, /1/2014 Renovated 215 1/1 1, /1/ /1 1, /1/ b/1 1, /13/2013 Renovated 218 s/1 1, /15/2014 Renovated

8 Rent Roll November Fountain Avenue, Los Angeles, CA Rent Roll November 2014 Unit # Bedroom/ Bathroom Rent Actual Move In Date Comments 219 1/1 1, /23/2011 Renovated 220 1/1 1, /1/ /1 1, /15/2013 Renovated 222 1/1 1, /9/2014 Renovated 223 1/1 1, /1/ /1 1, /1/ /1 1, /1/ s/1 1, /14/2014 Renovated 302 1/1 1, /1/ /1 1, /1/2012 Renovated 304 1/1 1, /7/2014 Renovated 305 1/1 1, /1/2011 Renovated 306 s/1 1, /1/ s/ /1/ /1 1, /15/2014 Renovated 309 1/1 1, /6/2013 Renovated 310 1/1 1, /1/2014 Renovated 311 1/1 1, /1/2014 Renovated 312 1/1 1, /15/2012 Renovated 314 1/1 1, /15/2014 Renovated 315 1/1 1, /1/2013 Renovated 316 1/1 1, /1/ b/1 1, /12/2014 Renovated 318 s/1 1, /1/2012 Renovated 319 1/1 1, /1/2013 Renovated 320 1/1 1, /1/2013 Renovated 321 1/1 1, /1/ /1 1, /1/2014 Renovated 323 1/1 1, /15/2013 Renovated 324 1/1 1, /1/2014 Renovated 325 1/1 1, /21/2014 Renovated 75 $112,426.13

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19 Location Description Hollywood is one of the most distinctive districts located within the City of Los Angeles, California. It is historically identified worldwide with the beginnings of the film industry. It has an illustrious backdrop to all of the glamour associated with the fame of movie studios and movie stars. It is a strong commercial and cultural center with many theatres and attractions. Famous intersections like Hollywood and Vine and Sunset and Vine are about 1 to 2 miles from 7513 Fountain Avenue. This provides residents of 7513 Fountain easy access to many of the nearby amenities. The actual heart of Hollywood is at the intersection of Hollywood Blvd and Highland Avenue. There you will find many of the most famous Hollywood tourist attractions such as the hand/footprints in the cement of the courtyard of the Chinese Theatre, the Dolby Theatre. The world famous Hollywood Bowl is also nearby. For residents, there is excellent shopping, including Trader Joe s market, Gelson s market, Bristol Farm s market and Whole Foods market. Entertainment hot spots include The House of Blues, The Laugh Factory, The Comedy Store and the newly refurbished Sundance movie complex. Other important sites include the Pantages Theatre, the Grove shopping and movie complex, Universal Studios, Paramount Studios, The Magic Castle, Beverly Center shopping and movie complex, Capitol Records, Henry Fonda Theatre, Hollywood Palladium, Sunset Gower Studios, Cinerama Dome, Egyptian Theatre, Renaissance Hollywood Hotel, Roosevelt Hotel, Metro Red Line, The Original Farmer s Market and Cedars-Sinai Hospital. New developments are also on the horizon. Please see Exhibits.

Exhibits* More Renderings and the New Hollywood Skyline With the Hollywood Palladium Double Tower Project As the environmental impact report for the proposed Hollywood Palladium Residences gets

20 Exhibits* More Renderings and the New Hollywood Skyline With the Hollywood Palladium Double Tower Project As the environmental impact report for the proposed Hollywood Palladium Residences gets underway, we found a few more project renderings to share. Also included is an outline of the ever-burgeoning Hollywood skyline, which puts the project's two 28-story towers in the context of the neighborhood's existing and proposed buildings. What are the odds NIMBY lawyer extraordinaire Robert Silverstein--most recently behind the second lawsuit against the nearby Millennium Hollywood--has this drawing taped to a dartboard in his office? Also found in the notice announcing preparation of the EIR are renderings of the three courtyards planned as publicly accessible space in the project. If all goes according to plan, the project will bring 13,000 square feet of neighborhood-serving retail, either 598 or 730 residential units (depending on whether a hotel component is included), and up to 820 bike stalls to a surface parking lot behind the Palladium Theater. As part of the deal, the property owner would also apply for historic status for the streamline moderne 1940 venue. Source: LACurbed.com

Exhibits* New Views of the Hollywood Palladium Two-Tower Mixed-User [Images via Building LA] There's still no timeline or budget for the Palladium Residences the two 28-story, mixed-use towers set to

21 Exhibits* New Views of the Hollywood Palladium Two-Tower Mixed-User [Images via Building LA] There's still no timeline or budget for the Palladium Residences the two 28-story, mixed-use towers set to sprout on parking lots next to the famous venue of the same name but hey, there are new renderings and that's good enough for us. Building LA happened upon the development's site, which has new views showing off the slick project's many stylistic nods to the historic Palladium, as well as its smooth incorporation to the street. Source: LACurbed.com

Exhibits* 24-Story Mixed-Use Apartments Slated For Hollywood/La Brea [Renderings by GMPA Architects and Shimahara Ilustration] Church is out, development is in on the corner of Hollywood Boulevard

22 Exhibits* 24-Story Mixed-Use Apartments Slated For Hollywood/La Brea [Renderings by GMPA Architects and Shimahara Ilustration] Church is out, development is in on the corner of Hollywood Boulevard and La Brea Avenue, where the Christian "hipster megachurch" Mosaic could soon get the boot for a three-building, 410-unit apartment complex Horizon Hollywood. (Remember the church's contest-winning Super Bowl commercial?) A release from developers LeFrak and Kennedy Wilson announcing the project today says the mixed-user will include 10,000 square feet of groundfloor retail and eateries, plus a 9,300-square-foot pedestrian plaza that will hopefully give this prime corner near the Hollywood/Highland Red Line a boost. (The Avenue apartments, down the block on La Brea, have brought a little more pedestrian action to the area, but not a lot.) Add one more mixed-use project to the blossoming Hollywood roster: just down the street from a future 76-unit building at Highland/De Longpre, there's now a 72-unit apartment complex with street-level retail in the works at Highland between Lexington and Fountain, according to Building LA. There aren't any details on the structure yet, but it is safe to say that with only 72 units, it probably won't be a high-rise tower, although it should do wonders either way for this stretch of Highland, which is currently dominated by fast food and retail. Source: LACurbed.com

23 Exhibits* First Look at Massive Mixed-Use Complex Heading to Vine St. Hollywood's lost an Oscars Outdoors screening venue, but it's gaining retail and office space, plus a 23-story residential tower on the dusty block near Sunset and Vine that was once scheduled to be the home of the Academy of Motion Picture Arts & Sciences' movie museum (now moved to the Miracle Mile on the edge of LACMA's campus). Developer Kilroy Realty paid $46 million for the property about six months ago (the pre-academy landowners were miffed about the sale, since they felt they'd been pressured to sell to the Academy), and announced they'd put nearly $300 million into building this fancy mixed-user with housing and office space. This latest rendering from Shimoda Design Group certainly looks that expensive. Source: LACurbed.com

Exhibits* New Renderings and Name For Hollywood's High Line West Yesterday, the Los Angeles City Council gave their stamp of approval to the mixed-use development formerly known as the High Line West.

previously mentioned, that rooftop public park idea was nixed in favor of private open space).

24 Exhibits* New Renderings and Name For Hollywood's High Line West Yesterday, the Los Angeles City Council gave their stamp of approval to the mixed-use development formerly known as the High Line West. PSL Architects, which is designing the project, has now provided some updated renderings and tells Curbed that the project from here forthwith shall never be known as High Line West ever again (as previously mentioned, that rooftop public park idea was nixed in favor of private open space). You may refer to this sexy structure which will have 280 units and retail space in six stories as 5550 Hollywood Boulevard in future discussions with loved ones. Mixed-Use Apartments Headed to De Longpre and Highland There's been a lot of buzz (and questions) about the long-silent lot on Highland Avenue between De Longpre and Leland ever since construction crews started moving around a couple months back, and now we're finally getting a look at what's to come for the spot. The site sold years ago to developer Lennar, and, while once slated for condos, got approvals in 2013 for 76 apartments and groundfloor retail. Now, via Building LA, we're seeing that the busy corner can expect a six-story mixed-use building (holding strong at 76 units), replete with a roof-top hangout zone, including the requisite gym, pool, pool deck, and club room. Source: LACurbed.com

New Sunset/Vine Mixed-User Will Incorporate Historic Theater Exhibits* [An older rendering of the Essex Hollywood] A block away from the proposed Hollywood Palladium Residences, Sunset and Vine is

25 New Sunset/Vine Mixed-User Will Incorporate Historic Theater Exhibits* [An older rendering of the Essex Hollywood] A block away from the proposed Hollywood Palladium Residences, Sunset and Vine is getting another (much shorter) mixed-use development, the seven-story, 217-unit Essex Hollywood. What it lacks in height, it makes up for in retail space: the Essex will have 51,000 square feet of groundfloor space for shops or restaurants. According to Building LA, the new building is designed to "incorporate and preserve" the historic 1930s-era Carroll Theatre next door. (The Carroll has a Nickelodeon on Sunset sign out front these days.) The location of this project, a couple blocks north of the future site of Kilroy Realty's huge mixed-use campus on the old Academy Museum lot, just adds to the feeling that Vine, once considered "the redheaded stepchild to Hollywood and Highland," is on the rise. Update: A rep for the developer tells us these renderings and details are for an old version of the project and that they've recently submitted a new application to the city. Update: A rep for the Essex said that current designs for the project plan for 4,700 square feet of commercial space on Sunset with 200 apartments above. * NO REPRESENTATION IS MADE THAT ALL OR ANY OF THE EXHIBITS WILL BE COMPLETED AS DESCRIBED ABOVE. Source: LACurbed.com

1422 TAMARIND AVENUE HOLLYWOOD, CA 90028

1422 TAMARIND AVENUE HOLLYWOOD, CA 90028 OFFERING MEMORANDUM 17 UNITS WITH PARKING IN THE HEART OF HOLLYWOOD DRE# 01991628 OFFERING MEMORANDUM OVERVIEW PRESENTED BY Kenny Stevens BRE# 01090251 310.963.7851 Kenny@KennyStevensTeam.com LOCATION