OFFERING SUMMARY The 2-4 Unit Specialists are pleased to present this 2018 CONSTRUCTION ultra-luxury fourplex projecting a remarkable 5.53% cap rate. Located in the trendy NoHo Arts District, residents will have all of their favorite local hotspots within walking distance - practically guaranteeing your pick of the best tenants in town. These units are NOT subject to rent control! So enjoy the freedom, profit and peace of mind that comes with high market rents when you purchase this building. With such strong return, this is a great place to park your money that requires little to no headaches or property management. 5740 Case is made up of two duplexes on one lot. Each of the four units has its own huge tandem 2-car garage with tons of extra storage space. That s 8 garage spaces in total! Each townhome-style unit has 3 bedrooms and 3 full bathrooms spread across the second and third floors, as well as a large kitchen with top of the line appliances. With spacious floor plans, luxury home finishes, laundry hookups in each unit and tasteful drought resistant landscaping, there s not much more that you could ask for! Construction is near completion and will be available in early 2018.

PROPERTY OVERVIEW THE PROPERTY: Address: 5740 Case Ave, North Hollywood, CA 91601 APN: 2337-026-020 # Units: 4 # Buildings: 2 Year Built: 2017/2018 (Completion Date 2018) Building Size (SF): 5,364 Lot Size (SF): 6,000 Zoning: LARD1.5 THE OFFERING: List Price: $2,275,000 Cap Rate: 5.53% GRM: 14.04 Price Per Unit: $568,750 Price Per SF: $424.12 UTILITIES: Water: Separately Metered for Units (Tenant Pays)+ 1 House Meter for Common Area (Landlord Pays) Electric: Separately Metered for Units (Tenant Pays)+ 1 House Meter for Common Area (Landlord Pays) Gas: Separately Metered (Tenant Pays) AMENITIES: Stories: Two 3-Story Buildings Appliances: Top of the Line Stainless Steel Parking: 8 Garage Parking Spaces Air/Heat: Central Landscaping: Drought Tolerant

INVESTMENT HIGHLIGHTS No rent control! Exceptional projected cap rate of 5.53%. Great way to obtain easy, passive income! All units separately metered for gas, electric AND water! Very low expenses. Luxurious units with top of the line appliances. Open floorplans and bright, cheerful design. Total attention to detail in the construction of this property. A+ location minutes from Lankershim & Magnolia (the heart of the NoHo Arts District), Riverside Dr (the main hub of Toluca Lake), Tujunga Village, Studio City, Universal City and Valley Village. 8 HUGE garage parking spaces. Tasteful drought tolerant landscaping.

LOCATION HIGHLIGHTS This property is located in the ultra trendy NoHo Arts District, which is home to the most popular arts, dining and nightlife scene in all of the Valley. Excellent rental market. The area attracts high quality renters that are drawn to the hip, artistic NoHo scene and the convenience of nearby businesses, entertainment opportunities, restaurants and shops. Nearby rentals of a comparable size in new construction apartment buildings such as NOHO 14 lease for $3,900+. Minutes on foot to an unlimited supply of businesses, shops, restaurants, bars, gyms, theaters, parks and grocery stores. Not to mention, a new Whole Foods is being constructed nearby. Nearby 24 Hour Fitness, Starbucks, Chipotle, Panera Bread, The Laemmle Theaters, Bank of America and many other convenient chains. Minutes from the many studios, businesses and destinations in Burbank, Universal City, Studio City and Valley Village.

LOCATION HIGHLIGHTS MAP Subject Property Nearby Attractions Tom s Family Restaurant Mucho Mas NoHo Arts District Restaurants Ralph s The Iliad Bookshop East Valley High School Television Academy North Hollywood Metro Whitnall Off-Leash Dog Park Porto s Bakery & Café Laemmle s NoHo 7 Theater The Good Nite The Federal Bar Brick Yard Pub

FINANCIAL SUMMARY & RENT ROLL SUMMARIZED PRICING METRICS: BUILDING DESCRIPTION: FINANCING: Price: $2,275,000 No. of Units 4 Loan Amount $1,592,500 Down: 30% $682,500 Yr. Built 2018 Interest Rate 4.20% Current GRM: 14.04 Lot Size (acres) 0.14 Monthly Payment ($7,787.60) Pro Forma GRM: 14.04 Lot Size (sq. ft) 6,000 LTV 70% Current Cap Rate: 5.53% Bldg SF 5,364 Amortization (Years) 30 Pro Forma Cap Rate: 5.53% Zoning LARD1.5 Proposed/Assumption Proposed $/Unit: $568,750 Minimum DSCR 1.25 $/ SF: $424.12 RENT ROLL: UNIT # STATUS UNIT TYPE UNIT SIZE CURRENT RENT SCHEDULED GROSS INCOME CURRENT RENT PER SF PRO FORMA RENT PRO FORMA RENT PER SF LOSS-TO- LEASE 1 Vacant 3b/3b 1,248 $0 $3,300 $2.64 $3,300 $2.64 $0 2 Vacant 3b/3b 1,248 $0 $3,300 $2.64 $3,300 $2.64 $0 3 Vacant 3b/3b 1,434 $0 $3,450 $2.41 $3,450 $2.41 $0 4 Vacant 3b/3b 1,434 $0 $3,450 $2.41 $3,450 $2.41 $0 4 Totals/Averages: 5,364 $0 $13,500 $2.52 $13,500 $2.52 $0

FINANCIAL ANALYSIS # UNITS UNIT MIX % OF TOTAL AVG SIZE AVG RENT AVERAGE RENT/SF MONTHLY INCOME AVG PRO FORMA RENT AVERAGE PRO FORMA RENT/SF PRO FORMA MONTHLY INCOME 4 3b/3b 100% 1,341 $3,375 $2.52 $13,500 $3,375 $2.52 $13,500 4 Totals/Averages: 1,341 $3,375 $2.52 $13,500 $3,375 $2.52 $13,500 Gross Potential Income: $162,000 $162,000 ANNUALIZED OPERATING DATA: ANNUALIZED EXPENSES: CURRENT PRO FORMA CURRENT PRO FORMA Gross Potential Rental Income $162,000 $162,000 Fixed Expenses Gain (Loss)-to-Lease $0 $0 Real Estate Taxes 1.1930% $27,141 $27,141 Gross Scheduled Rental Income $162,000 $162,000 Insurance.37/s.f. $1,985 $1,985 Less: Vacancy 3.0% ($4,860) 3.0% ($4,860) Utilities $150/unit $600 $600 Effective Gross Income $157,140 $157,140 Less: Expenses ($31,325) ($31,325) Controllable Expenses Miscellaneous Other Income $0 $0 Contract Services $150/unit $600 $600 Net Operating Income $125,815 $125,815 Repairs & Maintenance $250/unit $1,000 $1,000 Debt Service ($93,451) ($93,451) Pre-Tax Cash Flow 4.74% $32,363 4.74% $32,363 TOTAL EXPENSES $31,325 $31,325 Principal Reduction $27,084 $27,084 EXPENSES/UNIT $7,831 $7,831 Total Return 8.71% $59,447 8.71% $59,447 EXPENSES/SF $5.84 $5.84 % of EGI 19.9% 19.9%

SALES COMPARABLES MAP Subject Property: 5740 Case 10844 W Hesby 5756 Fulcher 10706 Camarillo 11319 Miranda 5743 Case 10824 Morrison

SALES COMPARABLES CHART # ADDRESS UNITS SALES PRICE $/ SF $/ UNIT CAP RATE GRM BLDG SF LOT SF CLOSE DATE YEAR BUILT 1 2 3 4 5 6 10844 W Hesby, Toluca Lake Adjacent 5756 Fulcher, NoHo 10706 Camarillo, Toluca Lake 11319 Miranda, NoHo 5743 Case, NoHo 10824 Morrison, NoHo 3 $1,500,000 $428.94 $500,000 5.84% 13.16 3,497 5,400 10/5/16 2016 3 $1,700,000 $356.92 $556,666 5.71% 12.76 4,763 7,000 1/5/18 2017 4 $2,555,000 $464.71 $638,750 5.30% 14.68 5,498 5s,398 9/6/17 2017 4 $2,200,000 $407.41 $550,000 5.76% 13.68 5,400 7,309 11/9/17 2017 4 $2,000,000 $442.09 $500,000 5.68% 13.89 4,524 6.974 In Escrow 2017 4 $2,300,000 $499.57 $575,000 5.21% 14.61 4,604 6,600 In Escrow 2018 AVERAGE: 3.67 $2,042,500 $433.27 $553,403 5.58% 13.80 4,714 6,447 5740 Case, NoHo 4 $2,275,000 $424.12 $568,750 5.53% 14.04 5,364 6,000 2018

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RENTAL COMPARABLES Subject Property: 5740 Case, North Hollywood Unit Type Market Rent Unit Size (SF) Avg. Rent/SF 3b/3b (2) $3,300 1,248 $2.64 3b/3b (2) $3,450 1,434 $2.41 Average Rent/SF of Nearby 3 Bedroom Units: $2.67 5756 Fulcher & 5650 Fulcher, North Hollywood Unit Type Asking Rent Unit Size (SF) Avg. Rent/SF 3b/2.5b (1) $3,900 1,583 $2.46 3b/2.5b (2) $3,800 1,545 $2.46

RENTAL COMPARABLES Living at NoHo - 11059 McCormick St, North Hollywood Unit Type Asking Rent Unit Size (SF) Avg. Rent/SF 3b/2b $3,890 1,276 $3.04 NoHo 14-5440 N Tujunga Ave, North Hollywood Unit Type Asking Rent Unit Size (SF) Avg. Rent/SF 3b/2b $3,845 1,363 $2.82

RENTAL COMPARABLES 11319 Miranda, North Hollywood Unit Type Asking Rent Unit Size (SF) Avg. Rent/SF 3b/2b $3,200 1,221 $2.62 5313 Riverton, North Hollywood Unit Type Asking Rent Unit Size (SF) Avg. Rent/SF 3b/3b $3,250 1,336 $2.43

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