3792 ASHWOOD AVE LOS ANGELES CA 90066

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1 LOS ANGELES CA UNITS IN MAR VISTA SHORT BIKE RIDE TO VENICE BEACH Kenny Stevens BRE# cell kstevens@concord-re.com OFFERING MEMORANDUM

2 MARKETING PACKAGE OVERVIEW PRESENTED BY Kenny Stevens BRE# cell Our mission LOCATION OVERVIEW Market Overview Location Overview Map PROPERTY SUMMARY Property Highlights Property Details Property Location Aerial Photo Parcel Orientation Photography FINANCIALS Financial Overview Rent Roll COMPARABLES Sales Comps Rent Comps Unfurnished Long-Term Rentals Rent Comps Furnished Short-Term Rentals

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 corporatecapabilities 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.

LOCATION LOS ANGELES CA 90066 This information has been secured from sources we believe to be reliable, but we make no representations or

5 LOCATION 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 MAR VISTA - 3792 Ashwood Ave, is located in the booming, culturally rich neighborhood of Mar Vista Close to the Mar Vista Sunday Farmer's Market, Venice Beach, Marina Del

Easy commute to LAX, Downtown LA and Beverly Hills and all that West LA has to offer!

Its central location on the Westside along with its proximity to Venice and Silicon Beach has made this area irresistible to residents.

Venice has become one of the most expensive neighborhoods in Los Angeles.

6 LOCATION LOCATION OVERVIEW MAR VISTA Ashwood Ave, is located in the booming, culturally rich neighborhood of Mar Vista Close to the Mar Vista Sunday Farmer's Market, Venice Beach, Marina Del Rey, Silicon Beach, Santa Monica, and Culver City. Located only a short bike ride from trendy Abbot Kinney Blvd where some of the best shopping and restaurants in LA are located. Easy commute to LAX, Downtown LA and Beverly Hills and all that West LA has to offer! Over the course of just a couple of years, Mar Vista has been among the most significant emerging submarkets in Los Angeles. Its central location on the Westside along with its proximity to Venice and Silicon Beach has made this area irresistible to residents. With Venice and Playa Vista filling up fast and Santa Monica virtually out of space, developers and brokers are eying Mar Vista as the next prevalent neighborhood. Venice has become one of the most expensive neighborhoods in Los Angeles. According to the real estate website Zillow, it is the seventh most expensive neighborhood in which to buy a house, its median home value $1,578,200 coming in just behind the Hollywood Hills and just ahead of Beverlywood. According to ApartmentList.com, the average rental price of a two-bedroom apartment in Venice is $4,900 a month well ahead of Westwood, Santa Monica, Brentwood, even Bel-Air and the Hollywood Hills. When you rank neighborhoods in the city of L.A. by price per square foot of real estate, Venice becomes even loftier: According to data provided to L.A. Weekly by Zillow, Venice is tied with Bel-Air for No. 2. Only the Pacific Palisades is more expensive per square foot. As for median rental price per square foot, Venice is the most expensive place in L.A. Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies. Major technology companies have opened Offices in the region including Google, Yahoo!, YouTube, BuzzFeed, Facebook, AOL, Electronic Arts, EdgeCast Networks, and MySpace. The region is considered the second- or third-largest tech hub in the world, according to various reports. This has had major impacts on the type and availability of office space and on home prices in Mar Vista, Playa Vista, Playa Del Rey, Westchester, Santa Monica, and Venice, as these areas have become more desirable due to this influx.

LOCATION LOCATION OVERVIEW Penmar Golf Course and Recreation Center Mitsuwa Market Place Rose Avenue Whole Foods Cerveteca Café Gratitude Rose Café The Yoga Collective Moon Juice Groundwork Coffee

7 LOCATION LOCATION OVERVIEW Penmar Golf Course and Recreation Center Mitsuwa Market Place Rose Avenue Whole Foods Cerveteca Café Gratitude Rose Café The Yoga Collective Moon Juice Groundwork Coffee Gold s Gym Abbot Kinney Blvd Salt Air Gjelina Salt & Straw Intelligentsia Coffee Satine Aust The Butcher s Daughter Aviator Nation Oakwood Recreation Center Erewhon Market Superba Food + Bread Costco Venice High School AMC Dine-In Marina 6 Yard House Ulta Beauty Barnes and Noble Alana s Coffee Roasters Sweet Lucie s Ice Cream Shop Hatchet Hall Venice Canals Marina Del Rey Marina Del Rey Hospital

8 PROPERTY SUMMARY 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 7 UNITS IN MAR VISTA Excellent location on the Venice-Mar Vista border Easy bike ride to the beach, Abbot Kinney Blvd,

9 PROPERTY SUMMARY PROPERTY HIGHLIGHTS 7 UNITS IN MAR VISTA Excellent location on the Venice-Mar Vista border Easy bike ride to the beach, Abbot Kinney Blvd, Santa Monica 7 open parking spaces 2 units have been beautifully renovated and currently vacant New front fence and landscaping Rents can be increased by 5% per year

PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION 3792 Ashwood Avenue, located in the rapidly growing Westside neighborhood of Mar Vista. This 1949 bungalow-style property is located just 1.

The building has six (6) studios as well as one (1) 1+1 unit, all of which have hardwood floors, private entrances, and individual parking spaces.

10 PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION 3792 Ashwood Avenue, located in the rapidly growing Westside neighborhood of Mar Vista. This 1949 bungalow-style property is located just 1.5 miles from the world-famous Venice Beach Boardwalk. Entertainment value and proximity to a variety of westside neighborhoods add to this property s longterm appreciation. The building has six (6) studios as well as one (1) 1+1 unit, all of which have hardwood floors, private entrances, and individual parking spaces. The one bedroom unit and one of the studios have been beautifully renovated with stainless steel appliances, new fixtures, quartz counter top, new cabinets, and updated bathrooms. Additional renovations to the property include; new contemporary landscaping, new front fence, as well as a newly paved parking lot. PROPERTY DETAILS Units (1)1+1, (6) Studios Major Intersection Venice Blvd and Ashwood Ave Market Mar Vista APN Zoning Type LARD1.5 Building SF 2,499 SF

11 PROPERTY SUMMARY PROPERTY LOCATION

12 PROPERTY SUMMARY PROPERTY AERIAL Venice Blvd Venice Blvd

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 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 VALUATION - $2,050,000

22 FINANCIALS RENT ROLL - pro forma - pro forma

23 COMPARABLES 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.

COMPARABLES SALES COMPS 1 3792 Ashwood Ave, Los Angeles 90066 UNITS UNIT TYPE 1 1 Bed/1 Bath 6 Studio/1 Bath Listed For

74% Price/Unit $292,857 Year Built 1949 3910 Beethoven St, Los Angeles, CA 90066 Sale Price $4,075,000 COE 9/26/2017 Number

$2,200,000 COE 3/31/2017 Number of Units 6 Building SF 6,200 UNITS UNIT TYPE 2 3 Bed/2 Bath 2 2 Bed/2 Bath 2 2 Bed/1 Bath

94 CAP N/A Price/Unit $366,667 Year Built 1944 3913 Beethoven St, Los Angeles, CA 90066 Sale Price $1,980,000 COE 9/5/2017

14% Price/Unit $495,000 Year Built 1964 5 6 7 4320-4326 Inglewood Blvd, Los Angeles, CA 90066 UNITS UNIT TYPE 4 2 Bed/1 Bath

COE 5/4/2017 Number of Units 6 Building SF 5,316 GRM N/A CAP 2.

5 Bath 8 2 Bath/1 Bath 6 1 Bed/1 Bath Sale Price $4,250,000 COE 3/8/2017 Number of Units 10 Building SF 6,280 GRM 19.

24 COMPARABLES SALES COMPS Ashwood Ave, Los Angeles UNITS UNIT TYPE 1 1 Bed/1 Bath 6 Studio/1 Bath Listed For $2,050,000 Number of Units 7 Building SF 2,499 GRM CAP 3.74% Price/Unit $292,857 Year Built Beethoven St, Los Angeles, CA Sale Price $4,075,000 COE 9/26/2017 Number of Units 13 Building SF 7,841 GRM CAP UNITS UNIT TYPE 13 1 Bed/1 Bath 3632 S Centinela Ave, Los Angeles, CA Sale Price $2,200,000 COE 3/31/2017 Number of Units 6 Building SF 6,200 UNITS UNIT TYPE 2 3 Bed/2 Bath 2 2 Bed/2 Bath 2 2 Bed/1 Bath Price/Unit $313,462 Year Built 1969 GRM CAP N/A Price/Unit $366,667 Year Built Beethoven St, Los Angeles, CA Sale Price $1,980,000 COE 9/5/2017 Number of Units 4 Building SF 2,596 GRM UNITS UNIT TYPE 1 2 Bed/1 Bath 3 1 Bath/1 Bath CAP 4.14% Price/Unit $495,000 Year Built Inglewood Blvd, Los Angeles, CA UNITS UNIT TYPE 4 2 Bed/1 Bath 2 1 Bed/1 Bath 561 Washington Blvd, Venice, CA UNITS UNIT TYPE 2 2 Bed/1 Bath 8 1 Bath/1 Bath Sale Price $2,350,000 COE 5/4/2017 Number of Units 6 Building SF 5,316 GRM N/A CAP 2.57% Price/Unit $391,667 Year Built Abbot Kinney Blvd, Venice, CA UNITS UNIT TYPE 1 2 Bed/1.5 Bath 8 2 Bath/1 Bath 6 1 Bed/1 Bath Sale Price $4,250,000 COE 3/8/2017 Number of Units 10 Building SF 6,280 GRM CAP 2.96% Price/Unit $425,000 Year Built 1954 Sale Price $5,650,000 COE 7/13/2016 Number of Units 15 Building SF 11,180 GRM CAP 2.27% Price/Unit $376,667 Year Built S Centinela Ave, Los Angeles, CA Sale Price $1,763,000 UNITS UNIT TYPE 3 2 Bed/1 Bath 2 1 Bed/1 Bath COE 8/15/2017 Number of Units 5 Building SF 4,554 GRM CAP 3.53% Price/Unit $352,600 Year Built 1959

COMPARABLES SALES COMPS 7 Sales Comps 5 6 3910 Beethoven St 3632 S Centinela Ave 3913

25 COMPARABLES SALES COMPS 7 Sales Comps Beethoven St 3632 S Centinela Ave 3913 Beethoven St 4326 Inglewood Blvd 561 Washington Blvd 2700 Abbot Kinney Blvd S Centinela Ave 5 6

COMPARABLES RENT COMPS Unfurnished Long Term Rentals 3792 Ashwood

+ 1 RENT $1,020-1,695 11900 Venice Boulevard APT 4, Los Angeles, CA

The 1 bedroom unit and a Studio unit have been fully renovated with

11923 Venice Boulevard APT 2, Los Angeles, CA 90066 3629 Beethoven

UNIT TYPE 1 + 1 12602 Venice Blvd APT 110, Los Angeles, CA 90066

$2,495 UNIT TYPE Studio UNIT TYPE 1 + 1 Comments: Gated entry.

26 COMPARABLES RENT COMPS Unfurnished Long Term Rentals 3792 Ashwood Ave, Los Angeles UNIT TYPE RENT $2,350 UNIT TYPE Studio + 1 RENT $1,020-1, Venice Boulevard APT 4, Los Angeles, CA RENT $1,695 UNIT TYPE Studio Comments: Subject Property. The 1 bedroom unit and a Studio unit have been fully renovated with hardwood floors, new kitchen and bathroom Venice Boulevard APT 2, Los Angeles, CA Beethoven St, Los Angeles, CA RENT $2,399 UNIT TYPE RENT $2,195 UNIT TYPE Venice Blvd APT 110, Los Angeles, CA RENT $1, Abbot Kinney Blvd APT 6, Venice, CA RENT $2,495 UNIT TYPE Studio UNIT TYPE Comments: Gated entry. Vinyl floors throughout. 1 parking space. Comments: No parking. Closer to the beach. Not as updated as subject property.

COMPARABLES RENT COMPS Unfurnished Long Term Rentals Rent Comps 5 11923 Venice

27 COMPARABLES RENT COMPS Unfurnished Long Term Rentals Rent Comps Venice Blvd Venice Blvd Venice Blvd 3629 Beethoven St 2700 Abbot Kinney Blvd 5

COMPARABLES RENT COMPS Furnished Short Term

Beach 4 Mar Vista New Garden Guest House

5 4 Cozy Industrial Artist Loft Style Guest

28 COMPARABLES RENT COMPS Furnished Short Term Rentals 1 Private Guest Studio 2 Miles from Beach 4 Mar Vista New Garden Guest House WEEKLY RENT $903 UNIT TYPE Studio WEEKLY RENT $560 UNIT TYPE Studio 2 Super Cute Venice/Mar Vista Studio Apt WEEKLY RENT $ Cozy Industrial Artist Loft Style Guest House in Mar Vista WEEKLY RENT $1,043 UNIT TYPE Studio UNIT TYPE Studio 3 Private studio in a quiet neighborhood WEEKLY RENT $693 UNIT TYPE Studio

LOS ANGELES CA 90066 Kenny Stevens BRE# 01090251 310.

29 LOS ANGELES CA Kenny Stevens BRE# cell OFFERING MEMORANDUM

3792 ASHWOOD AVE LOS ANGELES CA 90066

3792 ASHWOOD AVE LOS ANGELES CA 90066 LOS ANGELES CA 90066 7 UNITS IN MAR VISTA SHORT BIKE RIDE TO VENICE BEACH Kenny Stevens BRE# 01090251 310.968.7005 cell Kenny@prosserstevens.com OFFERING MEMORANDUM MARKETING PACKAGE OVERVIEW PRESENTED