744 S. RIDGELEY DRIVE LOS ANGELES CA 90036

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744 S. RIDGELEY DRIVE LOS ANGELES CA 90036 6 French Normandy Style Units in Prime Miracle Mile on a large R4 lot www.

1 744 S. RIDGELEY DRIVE LOS ANGELES CA French Normandy Style Units in Prime Miracle Mile on a large R4 lot hello@concord-re.com South Beverly Drive, First Floor, Beverly Hills, CA OFFERING MEMORANDUM

2 MARKETING PACKAGE OVERVIEW Our mission LOCATION OVERVIEW Market overview PRESENTED BY Kenny Stevens Managing Partner / Senior Vice President BRE# direct fax kstevens@concord-re.com PROPERTY SUMMARY Property Highlights Property Details Property Location Aerial Photo Parcel Orientation Photography FINANCIALS Financial Overview Rent Roll COMPARABLES Sales Comps Rent Comps hello@concord-re.com South Beverly Drive, First Floor, Beverly Hills, CA 90212

3 ABOUT US Our world has changed and so has the business of real estate. It s not enough to work with a typical real estate company. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfolio together under one roof, combining corporate capabilities with a family feel. Concord is the evolution of real estate. We re changing the game and moving above and beyond what you ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so you don t have to. From acquisition to management to construction to the disposition, Concord is elevating your experience every step of the way. 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. Buyer must verify the information and bears all risk for any inaccuracies.

4 OUR MISSION OUR CLIENTS ENTRUST US WITH SO MANY ASPECTS OF THEIR REAL ESTATE LIFE. OUR MISSION IS TO DUTIFULLY GUIDE THEM, CREATE VALUE AND ACT IN HARMONY WITH THEIR BEST INTEREST. WE PARTNER WITH YOU EVERY STEP OF THE WAY TO ELEVATE YOUR REAL ESTATE EXPERIENCE a different kind of real estate partner.

5 LOCATION 744 S RIDGELEY DR LOS ANGELES 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. Buyer must verify the information and bears all risk for any inaccuracies.

LOCATION LOCATION OVERVIEW Miracle Mile - Los Angeles, CA 90036 The Miracle Mile in Los Angeles, California, is an area in the Mid-Wilshire district consisting of a 1.

Luxury residential neighborhood comprised of a colorful mix of retailers, restaurants, advertising agencies, law firms, public relations offices, publishing companies, art galleries,

6 LOCATION LOCATION OVERVIEW Miracle Mile - Los Angeles, CA The Miracle Mile in Los Angeles, California, is an area in the Mid-Wilshire district consisting of a 1.5-mile stretch of Wilshire Boulevard between Fairfax and Highland Avenues. Luxury residential neighborhood comprised of a colorful mix of retailers, restaurants, advertising agencies, law firms, public relations offices, publishing companies, art galleries, businesses and entertainment corporations, the Miracle Mile plays a defining part in the identity of the greater metropolis of our city. Several museums are permanent residents of Museum Row on the Miracle Mile which includes Peterson Automotive Museum, LACMA, Craft & Folk Art Museum and La Brea Tar Pits.

7 LOCATION MARKET AERIAL La Brea Tar Pits Metro Purple Line Under development Metro Purple Line Under development

8 PROPERTY SUMMARY 744 S RIDGELEY DR LOS ANGELES 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. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY SUMMARY PROPERTY HIGHLIGHTS 6-UNIT

Normandy Architecture 6 Parking Spaces -

9 PROPERTY SUMMARY PROPERTY HIGHLIGHTS 6-UNIT FRENCH NORMANDY STYLE APARTMENT BUILDING Prime Miracle Mile, one half block South of Wilshire LAR4 Zoned Development Potential French Normandy Architecture 6 Parking Spaces - Covered Garage Gated Entry to Parking Onsite Laundry Facility

PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION A 8,574 SF LAR4 lot with future development potential in highly desirable Miracle Mile location near LACMA, The Grove, and future Metro Purple

All rents are well below market with approximately 42% upside potential.

10 PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION A 8,574 SF LAR4 lot with future development potential in highly desirable Miracle Mile location near LACMA, The Grove, and future Metro Purple Line! Situated just south of Wilshire Blvd, this property consists of four large 1 +1 units, one studio and one large 2+2 unit that may be ideal for owner user. All rents are well below market with approximately 42% upside potential. Four units were tastefully renovated and remodeled with hard wood floors, new custom kitchen with new appliances, new bathrooms and beautifully restored original crown mouldings. Copper plumbing, electrical (400 amps) and HVAC were recently updated. Brand new reinforced roofs on the 2 garage buildings with 6 parking spaces. Units are separately metered for gas and electricity with individual new water heaters for each unit. PROPERTY DETAILS Units 6 Major Intersection Wilshire Blvd & Ridgeley Dr Market Miracle Mile APN Zoning Type LAR4 Lot Size 8,574 square feet

11 PROPERTY SUMMARY PROPERTY LOCATION

12 PROPERTY SUMMARY PROPERTY AERIAL LOS ANGELES, C 90036

13 PROPERTY SUMMARY PARCEL ORIENTATION

14 PROPERTY SUMMARY PROPERTY PHOTOS

15 PROPERTY SUMMARY PROPERTY PHOTOS

16 PROPERTY SUMMARY PROPERTY PHOTOS

17 PROPERTY SUMMARY PROPERTY PHOTOS

18 PROPERTY SUMMARY PROPERTY PHOTOS

19 PROPERTY SUMMARY PROPERTY PHOTOS

20 FINANCIALS 744 S RIDGELEY DR LOS ANGELES 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. Buyer must verify the information and bears all risk for any inaccuracies.

21 FINANCIALS FINANCIAL OVERVIEW $2,900,000 INVESTMENT SUMMARY SCHEDULED INCOME Down Payment: $2,900, % UNIT MIX CURRENT PRO FORMA Year Built: 1937 Units Beds Baths Average Monthly Rent Monthly Units: $2,676 $2,756 $3,500 $3,500 Approx. Lot Size: 8,574 Sq. Ft $1,495 $5,981 $2,300 $9,200 Approx. Bldg. NRSF: 6,019 Sq. Ft. 1 Studio 1 $1,483 $1,527 $1,900 $1,900 Cost per NRSF: $ Cost per Unit: $483,333 Expense / NRSF: $9.48 Expense / Unit: $9,514 CURRENT PRO FORMA Scheduled Rent: $10,264 $14,600 GRM: Laundry Income: $100 $100 CAP: 2.23% 3.93% Monthly Gross Income: $10,364 $14,700 ROI: 2.23% 3.93% Annual Gross Income: $124,368 $176,400 ANNUAL INCOME ESTIMATED ANNUAL EXPENSES CURRENT PRO FORMA ITEM AMOUNT Scheduled Gross Income: $124,368 $176,400 Taxes: $36,250 Less Vacancy Reserve Rate: ($2,487) 2.00% * ($5,292) 3.00% Insurance: $2,408 Gross Operating Income: $121,881 $171,108 Utilities: $4,514 Less Expenses: ($57,082) 45.9% * ($57,082) 32.36% Maintenance & Repairs: $7,835 Net Operating Income: $64,799 $114,026 Professional Management: $4,875 Less Debt Service: $0 $0 Misc/Reserves: $1,200 Pre-Tax Cash Flow: $64, % ** $114, % Plus Principal Reduction: $0 $0 Total Return Before Taxes: $64, % ** $114, % * As a percent of the scheduled gross income. ** As a percent of the down payment FINANCING INFORMATION Price: $2,900,000 Terms: 30 Year Amort. Total Expenses: $57,082 Down Payment: $2,900,000 Interest Rate: 4.00% For 5 Years Expense / NRSF: $9.48 Loan Amount: $0 Payment: $0.00 Per Month Expense / Unit: $9,514

22 COMPARABLES 744 S RIDGELEY DR LOS ANGELES 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. Buyer must verify the information and bears all risk for any inaccuracies.

23 COMPARABLES SALES COMPS Sales Comps Cloverdale Ave 454 S Cloverdale Ave S Cochran Ave 420 S Detroit St S Dunsmuir Ave

COMPARABLES SALES COMPS 744 South Ridgeley Drive, Los Angeles, CA 90036 1 448 Cloverdale

Sale Price $2,900,000 # of Units 6 Lot Size 8,574 SF Year Built 1937 Land Cost Per Foot

COMMENTS: COMMENTS: 454 S Cloverdale Ave, Los Angeles, CA 90036 2 3 1111-1115 S Cochran

$1,900,000 COE 2/18/16 # of Units 6 Building SF 5,901 Year Built 1939 Land Cost Per Foot

24 COMPARABLES SALES COMPS 744 South Ridgeley Drive, Los Angeles, CA Cloverdale Ave, Los Angeles, CA UNITS UNIT TYPE 1 Studio/1Bath 4 1 Bed, 1Bath 1 2 Bed/2 Bath Sale Price $2,900,000 # of Units 6 Lot Size 8,574 SF Year Built 1937 Land Cost Per Foot $338 Zoning LAR4 UNITS UNIT TYPE 2 2 Bed/1Bath 4 1 Bed, 1Bath Sale Price $1,900,000 COE 2/18/16. # of Units 6 Building SF 6,059 Year Built 1938 Land Cost Per Foot $313 Zoning LAR4 COMMENTS: COMMENTS: 454 S Cloverdale Ave, Los Angeles, CA S Cochran Ave, Los Angeles, CA UNITS UNIT TYPE 2 2 Bed/1Bath 4 1 Bed, 1Bath Sale Price $1,900,000 COE 2/18/16 # of Units 6 Building SF 5,901 Year Built 1939 Land Cost Per Foot $321 Zoning LAR4 UNITS UNIT TYPE 2 2 Bed/1Bath 4 1 Bed, 1Bath Sale Price $2,025,000. COE 2/25/16 # of Units 6 Building SF 4,960 Year Built 1953 Land Cost Per Foot $408 Zoning LAR3 COMMENTS: COMMENTS:

COMPARABLES SALES COMPS 4 420 S Detroit Street, Los Angeles, CA 90036 5 642-644 S Dunsmuir Ave, Los Angeles, CA

Year Built 1929 Land Cost Per Foot $329 Zoning LAR4 UNITS UNIT TYPE 6 Studio/1Bath Sale Price $2,342,500 COE

25 COMPARABLES SALES COMPS S Detroit Street, Los Angeles, CA S Dunsmuir Ave, Los Angeles, CA UNITS UNIT TYPE 1 2 Bed/1Bath 7 1 Bed, 1Bath Sale Price $2,800,000 COE 4/1/16 # of Units 8 Lot Size 8,251 Year Built 1929 Land Cost Per Foot $329 Zoning LAR4 UNITS UNIT TYPE 6 Studio/1Bath Sale Price $2,342,500 COE 10/22/16. # of Units 6 Building SF 5,986 Year Built 1949 Land Cost Per Foot $391 Zoning LAR4 COMMENTS: COMMENTS:

26 COMPARABLES RENT COMPS Rent Comps Wilshire Blvd 5600 Wilshire Blvd 5220 Wilshire Blvd 5115 Wilshire Blvd 5353 Wilshire Blvd 630 S Masselin Ave

27 COMPARABLES RENT COMPS Wilshire Blvd, Los Angeles, CA Wilshire Blvd, Los Angeles, CA RENT $3,606 UNIT TYPE RENT $2,385 UNIT TYPE Wilshire Blvd, Los Angeles, CA Wilshire Blvd, Los Angeles, CA RENT $2,449 UNIT TYPE RENT $2,300 UNIT TYPE Wilshire Blvd, Los Angeles, CA S Masselin Ave, Los Angeles, CA RENT $2,035 UNIT TYPE Studio RENT $2,098 UNIT TYPE. Studio

KENNY STEVENS BRE# 01090251 D: 310-551-0660 Ext. 141 kstevens@concord-re.com www.concord-re.com hello@concord-re.

28 KENNY STEVENS BRE# D: Ext South Beverly Drive, First Floor, Beverly Hills, CA OFFERING MEMORANDUM

637 S BURNSIDE AVE LOS ANGELES CA 90036

637 S BURNSIDE AVE LOS ANGELES CA 90036 6 French Provincial Style Units in Prime Miracle Mile on a Large R4 Lot www.concord-re.com hello@concord-re.com 310.551.0660 449 South Beverly Drive, First Floor,