LIST PRICE: $3,149,000. Green-Certified / Strong Rents / CofO in May 4.6% CAP RATE / 15.6 GRM

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Jonas Welch
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OFFERING MEMORANDUM NEW CONSTRUCTION FOURPLEX IDEAL SILVERLAKE NEIGHBORHOOD 3400 W LONDON STREET, SILVER LAKE, CA 90026 LIST PRICE: $3,149,000 Green-Certified / Strong Rents / CofO in May 4.

1 OFFERING MEMORANDUM NEW CONSTRUCTION FOURPLEX IDEAL SILVERLAKE NEIGHBORHOOD 3400 W LONDON STREET, SILVER LAKE, CA LIST PRICE: $3,149,000 Green-Certified / Strong Rents / CofO in May 4.6% CAP RATE / 15.6 GRM SETH HAMILTON Seth@StreetlampPartners.com BRE# Streetlamp Partners, Inc. is a managing partner in this development. All marketing information provided by Citivest Realty Services, BRE #

TABLE OF CONTENTS 01 09 15 THE OFFERING 2 Property Overview 3 Property Details 4 Rent Roll / Publicly Listed

2 TABLE OF CONTENTS THE OFFERING 2 Property Overview 3 Property Details 4 Rent Roll / Publicly Listed Rental Comps 5 Publicly Listed Sale Comps SITE PLANS 11 Floor Plans AREA MAP 16 Featured Projects 18 Contact

THE OFFERING We are pleased to announce the offering of a new construction green certified fourplex in a the hot rental market of Silverlake. The certificate of occupancy is expected May 2018.

3 THE OFFERING We are pleased to announce the offering of a new construction green certified fourplex in a the hot rental market of Silverlake. The certificate of occupancy is expected May The property will be delivered vacant and turn-key. This luxury 7,386 sf four unit offers 12 bedrooms and 15 bathrooms in four townhouse style units, each with their own two car garage. All units are equipped with separate meters for water, gas, electricity as well as a fifth common area electric and water meter for servicing exterior lighting and landscape irrigation. Lid containers have been built for rain runoff capturing, as well as installation of drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Please contact us for showing instructions or to submit an offer. 1

PROPERTY OVERVIEW THE PROPERTY: APN: 5401-010-001 # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 6,066 Gross

4 PROPERTY OVERVIEW THE PROPERTY: APN: # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 6,066 Gross Building Area (GBA): 7,386 Lot Size (SF): 6,109 Zoning: RD1.5-1VL THE OFFERING: List Price: $3,149,000 GRM: 15.6 Cap Rate: 4.6% Price per SF: $ Price per Unit: $787,250 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit 2 Tenant Meters: (water/gas/electric) 4 Owner/Common Meters: (water/electric) 1 Floors: 3 SAMPLE FINISHES

5 PROPERTY DETAILS SUMMARIZED PRICING METRICS BUILDING DESCRIPTION PROPOSED FINANCING PRICE: $3,149,000 NO. OF UNITS 4 LOAN AMOUNT $1,889,400 DOWN (40%): $1,259,600 YR. BUILT 2018 INTEREST RATE 4.25% PRO FORMA GRM: 15.6 GROSS LIVING AREA 6,066 MONTHLY PAYMENT $9,295 PRO FORMA CAP RATE: 4.6% GROSS BUILDING AREA 7,386 LTV 60% $/UNIT: $787,250 LOT SIZE (SQ FT) 6,109 AMORTIZATION (YEARS) 30 $/SF: $426 ZONING RD1.5-1VL DSCR 1.30 ANNUALIZED OPERATING DATA PRO FORMA ANNUALIZED EXPENSES PRO FORMA FIXED EXPENSES GROSS POTENTIAL RENTAL INCOME $201,600 REAL ESTATE TAXES 1.29% $40,622 GAIN (LOSS)-TO-LEASE $0 INSURANCE.35/SQ FT $2,123 GROSS SCHEDULED RENTAL INCOME $201,600 UTILITIES $918 LESS: VACANCY 3% -$6,048 EFFECTIVE GROSS INCOME $195,552 CONTROLLABLE EXPENSES LESS: EXPENSES $51,063 CONTRACT SERVICES $350/MO $4,200 MISCELLANEOUS INCOME $0 REPAIRS & MAINTENANCE $400/UNIT $1,600 NET OPERATING INCOME $144,489 UNIT TURNOVER $400/UNIT $1,600 DEBT SERVICE -$111, TOTAL EXPENSES $51,063 PRE-TAX CASH FLOW 2.6% $32, EXPENSES/UNIT $12,766 PRINCIPAL REDUCTION $31, EXPENSES/SQ FT $8.42 TOTAL RETURN 5.10% $64, % OF EGI 26.1% 3

6 RENT ROLL UNIT # STATUS UNIT TYPE UNIT SIZE PRICE / SQ FT SCHEDULED GROSS INCOME # FLOORS / UNIT PARKING LAUNDRY 3400 VACANT 3B/3.5B 1,508 $2.79 $4, GARAGE PRIVATE /2 VACANT 3B/3.5B 1,508 $2.79 $4, GARAGE PRIVATE 3402 VACANT 3B/3.5B 1,525 $2.75 $4, GARAGE PRIVATE /2 VACANT 3B/3.5B 1,525 $2.75 $4, GARAGE PRIVATE 4 VACANT 12B/14B 6,066 $2.77 $16, GARAGE 4 PRIVATE ROOM PUBLICLY LISTED RENTAL COMPS ADDRESS STATUS UNIT TYPE YR. BUILT UNIT SIZE RENT $/SF 1131 SUNVUE PL ACTIVE 3B/2.5B ,595 $5,000 $ EDGECLIFFE CLOSED 2B/1B ,000 $2,850 $ N DILLON ST ACTIVE 4B/3B ,562 $4,200 $ N BENTON WAY ACTIVE 4B/3B ,449 $3,600 $ LOCKWOOD AVE ACTIVE 3B/2B ,400 $3,750 $ DESCANSO DR ACTIVE 2B/2B ,428 $4,000 $ CLARISSA AVE ACTIVE 3B/1.5B ,640 $4,500 $ N BERENDO ST ACTIVE 3B/2.5B ,300 $3,900 $ N CORONADO CLOSED 2B/ 3BT ,300 $4,100 $ MALTMAN AVE CLOSED 2B/1B ,436 $4,000 $ N LA FAYETTE CLOSED 3B/2.5B ,500 $6,800 $ WATERLOO CLOSED 3B/ 3BT ,860 $5,200 $2.80 COMPARABLE AVERAGE: ,421 $4,308 $3.06 SUBJECT PROPERTY: VACANT ,517 $4,200 $2.77 4

7 PUBLICLY LISTED SALE COMPS ADDRESS STATUS UNIT COUNT BED BATH COUNT YR. BUILT SQ FT PRICE GRM $/SF CAP RATE 853 N MCCADDEN PL ACTIVE 4 12 BD/16 BT ,374 $3,749, $ PARKMAN PENDING 4 12 BD/14 BT ,612 $3,599, $ COLTON SOLD 2 6 BD/4 BT ,696 $1,354, $ CAMERFORD AVE ACTIVE 5 12 BD/10 BT ,547 $3,495, $ ELEANOR AVE ACTIVE 8 16 BD/8 BT ,400 $3,300, $ N WILTON PL SOLD 4 12 BD/7 BT ,499 $2,185, $ N COMMONWEALTH AVE SOLD 4 7 BD/7 BT ,820 $2,193, $ COMP AVERAGE: ,278 $2,839, $ SUBJECT PROPERTY: VACANT 4 12B/14B ,386 $3,149, $ COMP $/SQ FT $ SUBJECT GROSS LIVING AREA 6,066 SUGGESTED VALUE $3,258,816 COMP GRM SUBJECT GROSS POTENTIAL RENT $201,600 SUGGESTED VALUE $3,260,356 5

8 OPEN FLOOR PLANS QUALITY FINISHES 6 SAMPLE FINISHES

9 GREEN CERTIFIED LOW MAINTENANCE 7 SAMPLE FINISHES

10 PRIVATE LAYOUTS LUXURY LIVING 8 SAMPLE FINISHES

11 SITE 9

12 AERIAL VIEW 10

13 SITE PLAN 11

14 PLANS first floor plan 12

15 PLANS second floor plan 13

16 PLANS third floor plan 14

17 SILVER LAKE AREA MAP 3400 London 3400 London St Area Attractions Los Angeles City College Silverlake Ramen Dodger Stadium Echo Park Barnsdall Art Park Griffith Observatory Micheltorena Stairs Sunset Triangle Plaza Sunset Junction EMC Seafood & Raw Bar Chandelier Tree The Kitchen 15

6413 W LEXINGTON AVE, HOLLYWOOD 90038 N NEW CONSTRUCTION FOURPLEX LIST PRICE: $3,149,000 THE PROPERTY: APN: 5533-004-013 # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 6,106 Gross Building

9% Price per SF: $412 Price per Unit: $787,250 AMENITIES: Covered Parking: 8 Uncovered Parking: 0 Laundry: Private Each Unit Tenant Meters: (water/gas/electric) 4 Owner/Common Meters:

18 6413 W LEXINGTON AVE, HOLLYWOOD N NEW CONSTRUCTION FOURPLEX LIST PRICE: $3,149,000 THE PROPERTY: APN: # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 6,106 Gross Building Area (GBA): 7,642 Lot Size (SF): 6,925 Zoning: RD1.5-1XL Turn key No rent control High cash flow 4.9% CAP RATE / 14.9 GRM THE OFFERING: List Price: $3,149,000 GRM: 14.9 Cap Rate: 4.9% Price per SF: $412 Price per Unit: $787,250 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 Lexington Avenue is centrally located in a prime Hollywood neighborhood. This property is a walker s dream with a 92 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 May

636 N PARKMAN AVE, SILVER LAKE 90026 N NEW CONSTRUCTION FOURPLEX LIST PRICE: $3,599,000 THE PROPERTY: APN: 5401-026-017 # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 6,612 Gross Building

19 636 N PARKMAN AVE, SILVER LAKE N NEW CONSTRUCTION FOURPLEX LIST PRICE: $3,599,000 THE PROPERTY: APN: # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 6,612 Gross Building Area (GBA): 7,981 Lot Size (SF): 7,101 Turn key No rent control High cash flow 4.7% CAP RATE / 15.5 GRM Zoning: RD1.5-1VL THE OFFERING: List Price: $3,599,000 GRM: 15.5 Cap Rate: 4.7% Price per SF: $ Price per Unit: $899,750 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 June

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

20 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@STREETLAMPPARTNERS.com 18

LIST PRICE: $2,499,000. CofO In Hand / Units leased /$163,200 annual actual rents 4.6% CAP RATE / 15.3 GRM

LIST PRICE: $2,499,000. CofO In Hand / Units leased /$163,200 annual actual rents 4.6% CAP RATE / 15.3 GRM OFFERING MEMORANDUM NEW CONSTRUCTION FOURPLEX PRIME NOHO ARTS DISTRICT NEIGHBORHOOD 5313 N RIVERTON AVE, NORTH HOLLYWOOD CA 91601 LIST PRICE: $2,499,000 CofO In Hand / Units leased /$163,200 annual actual