Each office independently owned and operated

4437-4441 1/4 Willow Brook AvenueLos Angeles, CA 90029

STEPHEN LAMPEExecutive Vice President(310) 802-2501slampe@remaxcir.comBRE #01164364

Excellent Hollywood location adjacent to Silver Lake➢

1920's Spanish-style courtyard building, completely renovated➢

Huge upside in rents, in several units, 40-50% below market➢

Close to freeway, employment, entertainment, and transportation➢

RE/MAX COMMERCIAL & INVESTMENT REALTY23001 Hawthorne Blvd, Suite 205Torrance, CA 90505(310) 802-2500www.remaxcir.com

INVESTMENT DETAILS4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Analysis

Analysis Date October 2017

Property

Property 10 Unit Apartment PropertyProperty Address 4437 Willow Brook Ave

Los Angeles, CA 90029

Year Built 1924

Financial Information

All Cash

Purchase Information

Property Type MultiFamilyPurchase Price $2,850,000Units 10Total Rentable Sq. Ft. 4,810

Loans

Type Debt Term Amortization Rate Payment LO CostsAll Cash

Income & Expenses

Gross Operating Income $157,362Monthly GOI $13,113Total Annual Expenses ($61,845)Monthly Expenses ($5,154)

Contact Information

Stephen Lampe(310) 802-2501slampe@remaxcir.comBRE #01164364

EXECUTIVE SUMMARY4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Acquisition CostsPurchase Price, Points and Closing Costs $2,850,000Investment - Cash $2,850,000

Investment InformationPurchase Price $2,850,000Price per Unit $285,000Price per Sq. Ft. $592.52Income per Unit $16,385Expenses per Unit ($6,184)

Income, Expenses & Cash FlowGross Scheduled Income $163,851Total Vacancy and Credits ($6,489)Operating Expenses ($61,845)Net Operating Income $95,517Debt Service $0Cash Flow Before Taxes $95,517

Financial IndicatorsCash on Cash Return Before Taxes 3.35%

Debt Coverage Ratio N/ACapitalization Rate 3.35%Gross Rent Multiplier 17.39Gross Income / Square Feet $34.06Gross Expenses / Square Feet ($12.86)Operating Expense Ratio 39.30%

FIANANCIAL SUMMARY4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

UNIT MIX & MONTHLY SCHEDULED

Type Units Actual Total Market Total One Bedroom One Bath 1 $1,851 $1,851 $1,950 $1,950One Bedroom One Bath 1 $647 $647 $1,950 $1,950One Bedroom One Bath 1 $666 $666 $1,950 $1,950One Bedroom One Bath 1 $1,850 $1,850 $1,950 $1,950One Bedroom One Bath 1 $683 $683 $1,950 $1,950One Bedroom One Bath 1 $562 $562 $1,950 $1,950One Bedroom One Bath 1 $1,909 $1,909 $1,950 $1,950One Bedroom One Bath 1 $1,750 $1,750 $1,950 $1,950One Bedroom One Bath 1 $1,800 $1,800 $1,950 $1,950One Bedroom One Bath 1 $1,800 $1,800 $1,950 $1,950TOTALS 10 $13,519 $19,500

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $162,224 $234,000Less: Vacancy ($6,489) ($9,360)Misc. Income $1,627 $1,632Effective Gross Income $157,362 $226,272Less: Expenses ($61,845) ($61,845)Net Operating Income $95,517 $164,427

ANNUALIZED EXPENSES Description Actual Market

Property Tax (New 1.224%) $34,884 $34,884Building Insurance $3,275 $3,275Maintenance & Repairs $6,621 $6,621Electric $1,536 $1,536Trash Service $3,459 $3,459Water/Sewer $3,211 $3,211Offsite Management $6,375 $6,375Legal & Professional Fees $1,584 $1,584Administrative $900 $900Total Expenses $61,845 $61,845Expenses Per RSF $12.86 $12.86Expenses Per Unit $6,184 $6,184

INVESTMENT SUMMARY

Price: $2,850,000Year Built: 1924Units: 10Price/Unit: $285,000RSF: 4,810Price/RSF: $592.52Lot Size: 10,320 sfFloors: 2APN: 5539-002-013Cap Rate: 3.35%Market Cap Rate: 5.77%GRM: 17.39Market GRM: 12.1

PROPERTY PHOTOS4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

MAPS AND AERIALS4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Overhead Map

Parcel Map

MAPS AND AERIALS4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Area Map

Region Map

DEMOGRAPHICS4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Population 1 Mile 3 Mile 5 Mile

Male 35,911 (52.05 %) 261,438 (51.90 %) 549,817 (51.23 %)Female 33,083 (47.95 %) 242,275 (48.10 %) 523,450 (48.77 %)Total Population 68,994 503,713 1,073,267

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 3,520 (5.10 %) 26,083 (5.18 %) 54,392 (5.07 %)Ages 5-9 3,893 (5.64 %) 29,655 (5.89 %) 61,554 (5.74 %)Ages 10-14 3,315 (4.80 %) 25,881 (5.14 %) 53,526 (5.74 %)Ages 15-19 3,181 (4.61 %) 24,487 (4.86 %) 51,056 (4.76 %)Ages 20-24 3,824 (5.54 %) 27,877 (5.53 %) 58,871 (5.49 %)Ages 25-29 4,526 (6.56 %) 32,195 (6.39 %) 68,404 (6.37 %)Ages 30-34 5,104 (7.40 %) 37,106 (7.37 %) 78,368 (7.30 %)Ages 35-39 5,746 (8.33 %) 42,286 (8.39 %) 88,548 (8.25 %)Ages 40-44 6,191 (8.97 %) 45,417 (9.02 %) 94,676 (8.82 %)Ages 45-49 6,232 (9.03 %) 45,255 (8.98 %) 94,334 (8.79 %)Ages 50-54 5,644 (8.18 %) 40,303 (8.00 %) 84,751 (7.90 %)Ages 55-59 4,826 (6.99 %) 34,118 (6.77 %) 72,750 (6.78 %)Ages 60-64 3,825 (5.54 %) 27,240 (5.41 %) 59,354 (5.53 %)Ages 65-69 2,903 (4.21 %) 20,730 (4.12 %) 45,920 (4.28 %)Ages 70-74 2,098 (3.04 %) 15,212 (3.02 %) 34,199 (3.19 %)Ages 75-79 1,482 (2.15 %) 10,820 (2.15 %) 25,238 (2.35 %)Ages 80-84 1,001 (1.45 %) 7,323 (1.45 %) 17,898 (1.67 %)Ages 85+ 1,683 (2.44 %) 11,725 (2.33 %) 29,428 (2.74 %)

DEMOGRAPHICS4437 Willow Brook Ave | Los Angeles, CA 90029

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Household Income 1 Mile 3 Mile 5 Mile

Median Income $40,847 $38,759 $40,475Less than $10,000 2,498 18,840 43,434$10,000 -$14,999 2,323 19,155 40,780$15,000 - $19,999 2,156 16,389 31,664$20,000 -$24,999 1,979 15,074 28,145$25,000 - $29,999 1,918 13,764 25,113$30,000 - $34,999 1,513 12,903 24,472$35,000 - $39,999 1,619 11,384 21,694$40,000 - $44,999 1,332 9,622 19,647$45,000 - $49,999 1,319 8,827 16,738$50,000 - $59,999 2,237 14,960 31,282$60,000 - $74,999 2,088 15,398 34,083$75,000 - $99,999 2,223 15,896 36,051$100,000 - $124,999 1,236 8,894 22,427$125,000 - $149,999 822 5,242 13,139$150,000 - $199,999 728 5,428 13,710Greater than $200,000 535 6,412 15,379

Housing 1 Mile 3 Mile 5 Mile

Housing Units 29,525 222,075 468,998Occupied Units 27,750 204,839 432,709Owner Occupied Units 3,706 31,027 82,876Renter Occupied Units 24,044 173,812 349,833Vacant Units 1,775 17,236 36,289

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 32,674 208,608 486,577Population Black 1,367 14,808 64,246Population Am In/Ak Nat 204 1,889 2,995