© 2016 Greysteel California, Inc. All rights reserved.

Ladera Heights is a diverse and highly desirable sub-market of what is

commonly known as the “Westside” of Los Angeles. Often referred

to as a “hidden” neighborhood, Ladera Heights is bordered by the

neighborhoods of Baldwin Hills to the north, Inglewood to the south,

Windsor Hills to the east, and Culver City to the west. The submarket is

composed of 2.94 square miles and home to only 6,509 people, placing

it among the lowest population densities for Los Angeles County.

A small, quiet area of Los Angeles, Ladera Heights continues to be

home for many successful young professionals and families. Residents

are highly educated with over 54% of residents possessing a four-

year degree and 19% having earned a master’s degree. An additional

demand driver for the area is its accessibility to the Westside, offering

multiple public transportation options and easy access to interstates

405 and 10.

The featured properties in this month’s rent and sales survey represent

12 apartment communities which embody the age and class of

buildings in the Ladera Heights submarket. The rental market

continues to gain momentum due to its proximity to the incoming

Los Angeles Rams stadium, and residents being pushed out from

higher rent markets. For a one-bedroom, renters can expect to

pay rent between $1.50 and $3.00 per square foot, depending on

the year the property was built and its location. Two- and three-

bedroom units from $1.35 to $2.75 rent per square foot. As with

many emerging submarkets, speculation impacts sales pricing

significantly. Ladera Heights is no exception. Typical recent trades

exhibit per unit prices between $150,000 and $200,000; however,

in some cases trades have been seen above $250,000. For more

information on these trades, please contact Everett Wong or

John Mullen at Greysteel.

Spotlight on Ladera Heights, Los Angeles, CA | Multifamily August 2016

Service. Success. Perfected.

Baldwin Hills Scenic Overlook

Los Angeles Rams Development Site

© 2016 Greysteel California, Inc. All rights reserved.

Spotlight | Rent Comparables August 2016

941 NORTH CEDAR 941 N. Cedar StreetInglewood, CA 90302

UNIT TYPE SF ASKING RENT

1 BDR/1 BA 818 $1,295

• Residents pay a $35 application fee and a $1,000

security deposit.

• Residents pay for gas and electric; property pays for

water and trash removal.

• Common area amenities include gated parking and

controlled access community.

• Unit amenities include a range, an oven, refrigerator,

and cable ready.

6637 SPRINGPARK 6637 Springpark AvenueLos Angeles, CA 90056

UNIT TYPE SF ASKING RENT

2 BDR/2 BA 1,400 $2,635

• Residents pay a $30 application fee and and a security

deposit of one month’s rent.

• Additional fees include a pet deposit of $600.

• Residents pay for gas and electric; property pays for

water and trash removal.

• Common area amenities include on-site storage and

covered parking.

• Unit amenities include a walk-in closet, hardwood

floors, stainless steel appliances, a private balcony/

patio, washer/dryer, and range.

No. Units 12

Occupancy 92%

Year Built 1956

Managed by North Oak Real Estate

Investments, Inc.

No. Units 10

Occupancy 90%

Year Built 1967

Managed by First Light Properties

THE EXECUTIVE VILLAS7038 Ramsgate PlaceLos Angeles, CA 90045

UNIT TYPE SF ASKING RENT

2 BDR/2 BA 1,200 $1,691

• Residents pay a $35 application fee and a security

deposit of one month’s rent.

• Residents pay for gas and electric; property pays for

water and trash removal.

• Common area amenities include on-site laundry

facilities, a fitness center, controlled access

community, and elevator service.

• Unit amenities include a fireplace, microwave,

dishwasher, tile floors, a private balcony/patio,

vaulted/high ceilings, and in select units a den.

No. Units 10

Occupancy 90%

Year Built 1993

Managed by Commercial Property

Investments

7100 LA TIJERA 7100 La Tijera BoulevardLos Angeles, CA 90045

UNIT TYPE SF ASKING RENT

1 BDR/1 BA 710 $2,125

• Residents pay a $35 application fee and a security

deposit of one month’s rent.

• Residents pay for gas and electric; property pays

for water and trash removal.

• Common area amenities include a fitness center,

controlled access community, and elevator service.

• Unit amenities include a washer/dryer, fireplace,

hardwood floors, a private balcony/patio, and

vaulted/high ceilings.No. Units 20

Occupancy 95%

Year Built 1991

Managed by Keller Williams Santa Monica

No. Units 13

Occupancy 92%

Year Built 1959

Managed by Keller Williams Marina del Rey

5023 WEST 58TH 5023 W. 58th PlaceLos Angeles, CA 90056

UNIT TYPE SF ASKING RENT

2 BDR/2 BA 1,550 $2,500

• Residents pay a $35 application fee and a security

deposit of one month’s rent.

• Residents pay for gas and electric; property pays

for water and trash removal.

• Unit amenities include ceiling fans, a dishwasher,

range, refrigerator, and hardwood floors.

831 AUSTIN831 Austin AvenueInglewood, CA 90302

UNIT TYPE ASKING RENT

1 BDR/1 BA $900

• Residents pay a $35 application fee and a security

deposit of one month’s rent.

• Residents pay for gas and electric; property pays

for water and trash removal.

• Common area amenities include on-site

laundry facilities.

No. Units 5

Occupancy 80%

Year Built 1935

Managed by Private Owner

© 2016 Greysteel California, Inc. All rights reserved.

The report below features a sampling of properties sold within the last seven months in Los Angeles, California. Please note the different locations and adjust comparisons accordingly. Also note that sales comparables provide a snapshot of recent transactions and are not a perfect predictor of future market movement and behavior.

Spotlight | Sales Comparables August 2016

6919 SOUTH LA CIENEGA6919 S. La Cienega Boulevard Los Angeles, CA 90045

5511–5523 THORNBURN 5511–5523 Thornburn Street Westchester, CA 90045

6900 KNOWLTON 6900 Knowlton Place Los Angeles, CA 90045

4847 WEST SLAUSON4847 W. Slauson Avenue Los Angeles, CA 90056

747 NORTH EUCALYPTUS 747 N. Eucalyptus Avenue Inglewood, CA 90302

816 VICTOR816 Victor Avenue Inglewood, CA 90302

Close Date: June 2016

Units: 7

Year Built: 1950

Price: $1,800,000

Price/Unit: $257,143

Price/SF: $477.07

Close Date: May 2016

Units: 6

Year Built: 1987

Price: $2,050,000

Price/Unit: $341,667

Price/SF: $402.20

Close Date: March 2016

Units: 19

Year Built: 1960

Price: $3,080,000

Price/Unit: $162,105

Price/SF: $218.28

Close Date: February 2016

Units: 6

Year Built: 1953

Price: $1,100,000

Price/Unit: $183,333

Price/SF: $254.45

Close Date: January 2016

Units: 18

Year Built: 1975

Price: $3,100,000

Price/Unit: $172,222

Price/SF: $278.13

Close Date: January 2016

Units: 12

Year Built: 1953

Price: $2,200,000

Price/Unit: $183,333

Price/SF: $287.36

© 2016 Greysteel California, Inc. All rights reserved.

10990 Wilshire Boulevard, Suite 1050

Los Angeles, CA 90024

P. 310.439.5794

CA License No: 01984315

CONTACTJohn F. Mullen

Managing Director

jmullen@greysteel.com

P. 310.439.5788

Everett Wong

Investment Associate

ewong@greysteel.com

P. 310.439.5790

*Corporate Headquarters and Transaction Services Center*For more information about Greysteel, or to inquire about the corporate platform, please contact Ari Firoozabadi. (af@greysteel.com|202.417.3873)

Los Angeles Washington, D.C.* Baltimore Philadelphia Dallas Fort Worth

DEBT & STRUCTURED FINANCE TRANSACTION SERVICES

Brendan ScanlonSenior Director

Ari Firoozabadi*Co-Founder

Duerk BrewerManaging Director

Yassi FarzanehProduction Director

Andy StiefMarketing Director

Brittany WismerSenior Finance Associate

Matt HuttonSenior Analyst

Pauline LefebvreProduction Associate

Sarah CornejoSenior Designer

Brittney SpinnerJunior Designer