NEW CONSTRUCTION FOUR UNIT - COFO ISSUED APRIL,

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NEW CONSTRUCTION FOUR UNIT - COFO ISSUED APRIL, 2019 125 N MOUNTAIN VIEW AVE, LOS ANGELES, CA 90026 $2,099,000 SETH HAMILTON 714.397.6077 Seth@StreetlampPartners.

1 NEW CONSTRUCTION FOUR UNIT - COFO ISSUED APRIL, N MOUNTAIN VIEW AVE, LOS ANGELES, CA $2,099,000 SETH HAMILTON Seth@StreetlampPartners.com BRE# Streetlamp Partners, LLC. is a managing partner in this development. All marketing information provided by Citivest Realty Services, BRE # % CAP RATE GRM - NO RENT CONTROL

2 THE OFFERING Streetlamp Partners are pleased to present another new construction four-unit property. 125 N Mountain View is in the Echo Park Neighborhood, which is adjacent to Silverlake, Koreatown, and Westlake and only a few minutes drive from Downtown. This area just south of the 101 Fwy has seen a dramatic change in the last two years, with the addition of many new coffee shops, restaurants, bars and new construction housing. As is with all of our properties, 125 N Mountain View is a warrantied and Green Certified building offering the investor a trouble-free and low-maintenance investment. The tenants will enjoy private and spacious living in townhome style units with only one common wall, private laundry rooms in each unit, and motorized security gated parking. All units are separately metered for electricity, water, and gas. The common areas utilize a landlord s fifth water and power meter servicing water-efficient landscape and LED exterior lighting. Certificate of occupancy has been issued as of April, Please feel free to reach out to us with any questions regarding this opportunity.

3 TABLE OF CONTENTS 01T H E O F F E R I N G 4 Property Overview 5 Property Details 6 Rent Roll 09 S I T E P L A N S 10 Floor Plans 14 THE NEIGHBORHOOD 16 Area Map 17 Neighborhood 18 Attractions 19 Contact

PROPERTY OVERVIEW APN: 5157-021-047 # of Units: 4 Year Built: 2018 Gross Living Area

Price: $2,099,000 Annual Gross Rent Income: $154,200 Net Operating Income: $113,460

41% Price per SF (GBA): $396 Price per SF (GLA): $499 Price per Unit: $524,750

4 PROPERTY OVERVIEW APN: # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 4,670 Gross Building Area (GBA): 5,298 Lot Size (SF): 4,605 Zoning: R4-1 List Price: $2,099,000 Annual Gross Rent Income: $154,200 Net Operating Income: $113,460 GRM: 13.6 Cap Rate: 5.41% Price per SF (GBA): $396 Price per SF (GLA): $499 Price per Unit: $524,750 Covered Parking: 4 Uncovered Parking: 4 Laundry: Private Each Unit Tenant Meters (water/gas/electric) 4 Owner/Common Meters: 1 (water/electric) Floors: 3 4

5 PROPERTY DETAILS OFFERING MEMORANDUM N MOUNTIAN VIEW AVE SUMMARIZED PRICING METRICS BUILDING DESCRIPTION PROPOSED FINANCING PRICE: $2,099,000 NO. OF UNITS: 4 LOAN AMOUNT: $1,259,400 DOWN (40%): $839,600 YR. BUILT: 2019 INTEREST RATE 4.50% PRO FORMA GRM: 13.6 GROSS LIVING AREA: 4,670 MONTHLY PAYMENT $6,381 PRO FORMA CAP RATE: 5.41% GROSS BUILDING AREA: 5,298 LTV 60% $/UNIT: $524,750 ZONING: R4-1 AMORTIZATION (YEARS) 30 $/SF (GBA): $ LOT SIZE (SQ FT): 4,605 DSCR 1.48 $/SF (GLA): $ ANNUALIZED OPERATING DATA PRO FORMA GROSS ACTUAL RENTAL INCOME $154,200 GAIN (LOSS)-TO-LEASE $0 GROSS SCHEDULED RENTAL INCOME $154,200 LESS: VACANCY 3% -$4,626 EFFECTIVE GROSS INCOME $149,574 LESS: EXPENSES $35, MISCELLANEOUS INCOME $0 NET OPERATING INCOME $114, DEBT SERVICE -$76, PRE-TAX CASH FLOW 4.5% $37, PRINCIPAL REDUCTION $19, TOTAL RETURN 6.88% $57, ANNUALIZED EXPENSES PRO FORMA FIXED EXPENSES REAL ESTATE TAXES 1.19% $24,978 INSURANCE $0.35 SQ FT $1,635 UTILITIES $918 CONTROLLABLE EXPENSES MANAGEMENT 4.00% $5,983 REPAIRS & MAINTENANCE $400/UNIT $1,600 TOTAL EXPENSES $35,114 EXPENSES/UNIT $8,778 EXPENSES/SQ FT $17.39 % OF EGI 23.5% 5

6 RENT ROLL OFFERING MEMORANDUM N MOUNTIAN VIEW AVE PRICE / SCHEDULED GROSS # FLOORS / UNIT # STATUS UNIT TYPE UNIT SIZE SQ FT INCOME UNIT PARKING LAUNDRY 125 LISTED FOR LEASE 3 BED /3 BATH 1,188 $2.78 $3, COVERED PRIVATE 125 1/2 LISTED FOR LEASE 3 BED /2 BATH 1,114 $2.92 $3, UNCOVERED PRIVATE 127 1/2 LISTED FOR LEASE 3 BED /2.5 BATH 1,059 $3.02 $3, UNCOVERED PRIVATE 127 LISTED FOR LEASE 2 BED /2.5 BATH 1,309 $2.37 $3, COVERED PRIVATE 4 LISTED FOR LEASE 11 BEDS / 4,670 $2.77 $12, COVERED / 4 PRIVATE 12 BATH 4 UNCOVERED ROOM RENT COMPS ADDRESS STATUS UNIT TYPE YR. BUILT UNIT SIZE RENT $/SF LEASE DATE 333 BELMONT AVE ACTIVE 3 BED/2 BATH ,158 $4,600 $3.97 ACTIVE 333 BELMONT AVE ACTIVE 2 BED/2 BATH ,120 $3,350 $2.99 ACTIVE 3221 W TEMPLE ST ACTIVE 3 BED/2 BATH ,215 $3,899 $3.21 ACTIVE 3221 W TEMPLE ST ACTIVE 2 BED/2 BATH ,133 $3,299 $2.91 ACTIVE 136 S CORONADO LEASED 3 BED/2 BATH ,100 $3,100 $2.82 N/A 4529 LEXINGTON AVE LEASED 2 BED/2 BATH $2,700 $3.27 3/15/ /2 LEXINGTON AVE LEASED 3 BED/2 BATH ,182 $3,400 $2.88 3/15/ W TEMPLE ST LEASED 3 BED/2 BATH ,108 $3,000 $ /17/ N CARONDELET LEASED 3 BED/2 BATH ,251 $3,200 $2.56 8/10/ /2 ROSELAKE AVE LEASED 3 BED/2 BATH ,256 $3,400 $2.71 2/1/ /2 ROSEMONT AVE LEASED 3 BED/2 BATH ,133 $3,450 $3.05 2/1/ BELLEVUE AVE LEASED 2 BED/1 BATH $2,995 $3.94 1/16/ CLINTON ST #207 LEASED 2 BED/1 BATH $3,200 $ /16/18 COMPARABLE AVERAGE: ,077 $3,353 $3.12 SUBJECT PROPERTY: VACANT ,168 $3,213 $2.75 6

7 SALE COMPS OFFERING MEMORANDUM N MOUNTIAN VIEW AVE UNIT BED/ ADDRESS STATUS COUNT BATH COUNT YR. BUILT SQ FT PRICE GRM $/SF SALE DATE CAP RATE 244 N PARK VIEW ST SOLD 4 12 BED / 12 BATH ,442 $2,600,000 N/A $ /23/ % 2020 W TEMPLE ST SOLD 2 6 BED/ 4 BATH ,216 $1,050,000 N/A $ /19/ COLTON ST SOLD 2 6 BED/ 4 BATH ,696 $1,354, $ /19/ % 6413 LEXINGTON AVE SOLD 4 11 BED / 14 BATH ,106 $3,050, $ /19/ % 636 PARKMAN AVE SOLD 4 12 BED/14 BATH ,612 $3,400, $ /27/ % 648 N SERRANO AVE SOLD 4 12 BED / 12 BATH ,434 $2,565,000 N/A $ /23/ LEXINGTON AVE SOLD 4 11 BED / 13 BATH ,208 $2,995,000 N/A $ /9/ N ARDMORE AVE PENDING 6 12 BED / 12 BATH ,153 $3,290, $ PENDING 4.19% 2763 W 12TH ST PENDING 4 12 BED / 10 BATH ,280 $2,500,000 N/A $ PENDING COMP AVERAGE: ,127 $2,533, $ % SUBJECT PROPERTY: VACANT 4 11 BEDS / 12 BATH ,670 $2,099, $449 SUBJECT PROPERTY VALUATION COMP $/SQ FT $ COMP GRM COMP CAP RATE 4.54% SUBJECT SQ FT 4,670 SUBJECT GROSS POTENTIAL RENT $154,200 SUBJECT NOI $113,460 SUGGESTED VALUE $2,273,997 SUGGESTED VALUE $2,670,118 SUGGESTED VALUE $2,500,444 7

8 8

9 9

10 SITE PLAN 10

11 PLANS first floor plan 11

12 PLANS second floor plan 12

13 PLANS third floor plan 13

14 OFFERING MEMORANDUM -125 N MOUNTIAN VIEW AVE OPEN FLOOR PLANS PRIVATE LAYOUTS 14

15 QUALITY FINISHES LUXURY LIVING 15

16 OFFERING MEMORANDUM -125 N MOUNTAIN VIEW AVE GREEN CERTIFIED LOW MAINTENANCE 16

17 HOLLYWOOD AREA MAP OFFERING MEMORANDUM -125 N MOUNTAIN VIEW AVE 17

18 NEIGHBORHOOD Rikas Peruvian cuisine Miles The Park s Finest Miles Icy Rush- 0.7 Miles Kues Restaurant- 0.7 The Semi-Tropic 1.0 Miles El Prado Miles Bar Henry Miles 18

19 ATTRACTIONS 19

1242 N BEACHWOOD DR, LOS ANGELES, CA 90038 SETH HAMILTON 714.397.6077 Seth@StreetlampPartners.

022 # of Units: 5 Year Built: 2018 Gross Living Area (GLA): 5,880 Gross Building Area (GBA): 7,233 Lot

Income $170,261 GRM: 14.8 Cap Rate: 4.97% Price per SF: $497.

Meters (water/gas/electric) 6 Owner/Common Meters: 1 (water/electric) Floors: 3 Streetlamp Partners, LLC

20 1242 N BEACHWOOD DR, LOS ANGELES, CA SETH HAMILTON Seth@StreetlampPartners.com 20 DRE: OFF MARKET NEW CONSTRUCTION FOUR UNIT OFFERED AT: $3,425,000 APN: # of Units: 5 Year Built: 2018 Gross Living Area (GLA): 5,880 Gross Building Area (GBA): 7,233 Lot Size (SF): 6,752 Zoning: R3-1 List Price: $3,425,000 Annual Gross Rental Income $232,200 Net Operating Income $170,261 GRM: 14.8 Cap Rate: 4.97% Price per SF: $497.6 Price per Unit: $719,800 Covered Parking: 8 Uncovered Parking: 1 Laundry: Private Each Unit Tenant Meters (water/gas/electric) 6 Owner/Common Meters: 1 (water/electric) Floors: 3 Streetlamp Partners, LLC is a managing partner in this development. All marketing information provided by Citivest Realty Services, DRE # % CAP RATE / 14.8 GRM MAY 2019 COMPLETION / NO RENT CONTROL

4271 ROSEWOOD AVENUE, LOS ANGELES, CA 90004 SETH HAMILTON 714.397.6077 Seth@StreetlampPartners.

4 Year Built: 2018 Gross Living Area (GLA): 4,504 Gross Building Area (GBA): 5,381 Lot Size (SF): 5,985

14.1 Cap Rate: 5.12% Price per SF (GBA): $404.20 Price per SF (GLA): $482.

(water/gas/electric): 4 Owner/Common Meters: 1 (water/gas/electric) Floors: 3 Streetlamp Partners, LLC is a

21 4271 ROSEWOOD AVENUE, LOS ANGELES, CA SETH HAMILTON DRE: OFF MARKET NEW CONSTRUCTION FOUR UNIT OFFERED AT: $2,175,000 APN: # of Units: 4 Year Built: 2018 Gross Living Area (GLA): 4,504 Gross Building Area (GBA): 5,381 Lot Size (SF): 5,985 Zoning: R3-1 List Price: $2,175,000 Annual Gross Rent Income: $154,200 Net Operating Income: $111,439 GRM: 14.1 Cap Rate: 5.12% Price per SF (GBA): $ Price per SF (GLA): $ Price per Unit: $543,750 Covered Parking: 4 Uncovered Parking: 4 Laundry: Private Each Unit Tenant Meters (water/gas/electric): 4 Owner/Common Meters: 1 (water/gas/electric) Floors: 3 Streetlamp Partners, LLC is a managing partner in this development. All marketing information provided by Citivest Realty Services, DRE # % CAP RATE / 14.1 GRM MARCH 2019 COMPLETION

146 ROSEMONT AVE, LOS ANGELES, CA 90026 SETH HAMILTON 714.397.6077 Seth@StreetlampPartners.

Built: 2018 Gross Living Area (GLA): 6,504 Gross Building Area (GBA): 8,547 Lot Size (SF): 7,520 Zoning:

8 Cap Rate: 4.83% Price per SF (GBA): $397.68 Price per SF (GLA): $522.

22 146 ROSEMONT AVE, LOS ANGELES, CA SETH HAMILTON DRE: NEW CONSTRUCTION FOUR UNIT OFFERED AT: $3,399,000 APN: # of Units: 6 Year Built: 2018 Gross Living Area (GLA): 6,504 Gross Building Area (GBA): 8,547 Lot Size (SF): 7,520 Zoning: R3-1 List Price: $3,399,000 Annual Gross Rental Income $229,200 Net Operating Income $166,361 GRM: 14.8 Cap Rate: 4.83% Price per SF (GBA): $ Price per SF (GLA): $ Price per Unit: $566,500 Covered Parking: 7 Uncovered Parking: 4 Laundry: Private Each Unit Tenant Meters (water/gas/electric) 6 Owner/Common Meters: 1 (water/electric) Floors: 3 Streetlamp Partners, LLC is a managing partner in this development. All marketing information provided by Citivest Realty Services, DRE # % CAP RATE / 14.8 GRM CONSTRUCTION COMPLETE

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

Owner/Developer/Agent are not qualified to discuss or advise on legal, accounting, or other matters outside of those permitted by state law.

23 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

$2,199, N MOUNTAIN VIEW AVE, LOS ANGELES, CA NEW CONSTRUCTION FOUR UNIT 4.9% CAP RATE 14.7 GRM FEBRUARY COMPLETION

$2,199, N MOUNTAIN VIEW AVE, LOS ANGELES, CA NEW CONSTRUCTION FOUR UNIT 4.9% CAP RATE 14.7 GRM FEBRUARY COMPLETION NEW CONSTRUCTION FOUR UNIT 125 N MOUNTAIN VIEW AVE, LOS ANGELES, CA 90026 $2,199,000 SETH HAMILTON 714.397.6077 Seth@StreetlampPartners.com BRE# 01897619 Streetlamp Partners, LLC. is a managing partner