SILVERLAKE VILLAS 2901, 2903, 2905, 2907, 2911 Reservoir St., Los Angeles, CA 90026

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1 SALE PRICE: $2,400,000 UNITS: 5 PRICE PER UNIT: $480,000 CAP RATE: 4% GRM: 17.8 NOI: $95,847 LOT SIZE: 0.16 Acres BUILDING SIZE: 3,308 SF YEAR BUILT: 1929 RENOVATED: 2016 ZONING: R2-1VL SUB MARKET: Silver Lake CROSS STREETS: Sunset Blvd. & Silver Lake Blvd. PROPERTY OVERVIEW Silver Lake Villas- 5 gorgeous home like units made up of 2Duplexes & 1SFR located on a corner lot. Each building fronts the street and has it's own address. 4 of the 5 units have been fully renovated. Highly sought after location, situated on a corner lot just 300ft. from the corner of Sunset & Silver Lake Blvd. these units are in high demand- always full and climbing rents. This location offers renters the ability to walk to all the awesome things Silver Lake is known for without being on the beat path and tucked in a quiet, safe residential community with multi-million dollar homes. Beautifully renovated- extensive work done from new plumbing, new electrical, stucco, new concrete driveways, renovated yards, artificial turf, hedges, automatic drip system, quartz counter tops, custom kitchen cabinets, tile flooring, recess lighting, new everything, fully gutted with all the bells and whistles. Each unit has its own backdoor and garage for storage and much more.

2 2901/2903/2905/2907/2911 Reservoir St. LA CA PRICE $ 2,400,000.0 UNITS 5 DOWN PAYMENT $ 840,000.0 YEAR BUIL 1929 GRM $ BUILDING 3308 PRICE PER UNIT $ 480,000 LOT SQ/FT 6809 CAP RATE (Actual) 3.99% PARKING 2 spaces per structure (Structures) CAP RATE (Realizable) 5.18% Cash On Cash Return $ 125,847 ACTUAL INCOME CURRENT RENTS ACTUAL REALIZABLE MARKET RENT/INCOME TYPE APPRX SQ/FT TENANCY DEPOSIT ACTUAL EXPENSES 2901 $ 2, $ 2, BD 1BA INSURANCE $ 2, $ 2, BD 1BA TAXES (1.25%) $ 30, $ 2, $ 2, BD 1BA TRASH $ $ 2, BD 1BA Gardening $ 3, $ 3, BD 1BA Water/Power $ - $ Misc Misc. Income $0 $0 Gross Monthly $ 11, $ 13, Gross Yearly $ 134, $ 163, Units Actual Gross Income $ 134,752 $ 163,200 Actual Expenses $ 38,905 $ 38,905 NET INCOME $ 95,847 $ 124,295 CAP RATE: 3.99% 5.18%

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5 (RECENTLY TRADED HOMES & DUPLEX COMPS) SUBJECT PROPERTY 2901, 2903, 2905, 2907, 2911 Reservoir St. Los Angeles, CA Sale Price: $2,600,000 Year Built: 1929 Building SF: 3,308 SF Price PSF: $ No. Units: 5 Price / Unit: $520,000 GRM: 19.0 Cap: 3.45% NOI: $89, Glendale Blvd, Los Angeles, CA Sale Price: $1,765,000 Year Built: 1940 Building SF: 1,794 SF Price PSF $ No. Units 2 Price / Unit $882,500 Closed: 03/24/2016 Occupancy: 1940% 1.5 Miles away from Subject property N Easterly Terrace Los Angeles, CA Sale Price: $945,000 Year Built: 1953 Building SF: 1,439 SF Price PSF $ No. Units 2 Price / Unit $472,500 Closed: 02/29/ miles from subject property N Benton Way Los Angeles,, CA Sale Price: $1,258,000 Year Built: 1921 Building SF: 1,442 SF Price PSF $ No. Units 2 Price / Unit $629,000 Closed: 03/18/2016 Occupancy: 0%.96 miles from subject property 3

6 (RECENTLY TRADED HOMES & DUPLEX COMPS) N Occidental Blvd, Los Angeles, CA Sale Price: $846,000 Year Built: 1925 Building SF: 736 SF Price PSF $1, No. Units 1 Price / Unit $846,000 Closed: 03/24/ miles from subject property ANGELUS AVE, Los Angeles, CA Sale Price: $726,000 Year Built: 1923 Building SF: 610 SF Price PSF $1, No. Units 1 Price / Unit $726,000 Closed: 03/13/ mils from subject property Effie St, Los Angeles, CA Sale Price: $846,000 Year Built: 1910 Building SF: 684 SF Price PSF $1, No. Units 1 Price / Unit $846,000 Closed: 12/11/ miles from subject property 6

7 PROPERTY HIGHLIGHTS All the heavy lifting has been done. From new plumbing to new electrical, new fresh poured concrete, beautifully renovated yards, artificial grass and much more. Easy to manage- tenants just deposit rents in bank account- everything is new so no repairs Upside in unit 2907 to increase rent- owner didn't have the heart to push tenant out- huge increase in rent upon renovation. IRREPLACEABLE LOCATION - RIGHT off SUNSET & SILVER LAKE - can't get better location in Silverlake - Potential development site.

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12 POPULATION 1 MILE 2 MILES 3 MILES TOTAL POPULATION 55, , ,600 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES TOTAL HOUSEHOLDS 21,007 95, ,585 # OF PERSONS PER HH AVERAGE HH INCOME $66,405 $55,631 $51,467 AVERAGE HOUSE VALUE $705,184 $657,382 $619,860 RACE 1 MILE 2 MILES 3 MILES % WHITE 48.2% 42.7% 40.1% % BLACK 3.3% 3.8% 4.1% % ASIAN 20.2% 20.0% 22.4% % HAWAIIAN 0.2% 0.2% 0.3% % INDIAN 0.4% 0.8% 0.7% % OTHER 23.8% 30.3% 30.3% ETHNICITY 1 MILE 2 MILES 3 MILES % HISPANIC 49.6% 56.4% 54.9% * Demographic data derived from 2010 US Census