Each office independently owned and operated

7 Unit Apartment Investment8336 Blackburn Ave | Los Angeles, CA 90048

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

DAVID SUITERAssociate(310) 802-2512dsuiter@remaxcir.comBRE #01839560

Prime "Beverly Grove" location steps to Beverly Hills & 3rd Streeteateries, with a Walk Score of 91

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Excellent unit mix of three 2 bedroom & four 1 bedroom units withonsite laundry & parking for each unit

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Two 2 bedroom & one 1 bedroom units are being completely remodeled& will be delivered vacant at close (2 other units recently renovated)

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Major employers such as Cedars-Sinai, Trader Joe's, and BeverlyCenter Shopping Mall within walking distance

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Subject to the Soft Story Retrofit Ordinance➢

RE/MAX COMMERCIAL & INVESTMENT REALTY450 Silver Spur RoadRancho Palos Verdes, CA 90275(310) 802-2500www.remaxcir.com

INVESTMENT DETAILS8336 Blackburn Ave | Los Angeles, CA 90048

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 May 2019

PROPERTY

Property 7 Unit Apartment Investment

Property Address 8336 Blackburn AveLos Angeles, CA 90048

Year Built 1956

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type MultiFamily

Purchase Price $3,200,000

Units 7

Total Rentable Sq. Ft. 6,898

LOANS

Type Debt Term Amortization Rate Payment LO Costs

All Cash

INCOME & EXPENSES

Gross Operating Income $172,851

Monthly GOI $14,404

Total Annual Expenses ($58,178)

Monthly Expenses ($4,848)

CONTACT INFORMATION

Stephen Lampe(310) 802-2501slampe@remaxcir.com

David Suiter(310) 802-2512dsuiter@remaxcir.com

FINANCIAL SUMMARY8336 Blackburn Ave | Los Angeles, CA 90048

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 Projected Total 1) 1 Bed 1 Bath 1 $1,349 $1,3492) 1 Bed 1 Bath 1 $1,099 $1,0993) 2 Bed 2 Bath - Vacant 1 $3,000 $3,0004) 2 Bed 1 Bath 1 $2,500 $2,5005) 1 Bed 1 Bath 1 $1,804 $1,8046) 1 Bed 1 Bath- Vacant 1 $2,000 $2,0007) 2 Bed 2 Bath - Vacant 1 $3,000 $3,000TOTALS 7 $14,752

ANNUALIZED INCOME Description Projected

Gross Potential Rent $177,022Less: Vacancy ($5,311)Misc. Income $1,140Effective Gross Income $172,851Less: Expenses ($58,178)Net Operating Income $114,673

ANNUALIZED EXPENSES Description Projected

Property Tax (New 1.193%) $38,176Building Insurance $3,500DWP $3,210Trash $4,092Gardener $1,200Maintenance & Repairs $4,900Reserves $2,100Administrative $1,000Total Expenses $58,178Expenses Per RSF $8.43Expenses Per Unit $8,311

INVESTMENT SUMMARY

Price: $3,200,000

Year Built: 1956

Units: 7

Price/Unit: $457,143

RSF: 6,898

Price/RSF: $463.90

Lot Size: 6,250 sf

Floors: 2

APN: 5511-034-029

Projected Cap Rate: 3.58%

Projected GRM: 17.96

RENT SURVEY8336 Blackburn Ave | Los Angeles, CA 90048

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.

Address Beds Baths Rent

8217 Blackburn Ave 1 1 $1,745

465 Le Doux Rd 1 1 $1,795

6300 Orange St 1 1 $1,795

8442 Blackburn Ave 1 1 $1,800

7944 Blackburn Ave 1 1 $1,895 Median $1,895

129 N Hayworth Ave 1 1 $1,995

8437 Blackburn Ave 1 1 $2,000

105 S Orlando Ave 1 1 $2,250

127 N Hamilton Dr 1 1 $2,300

8123 Blackburn Ave 1 1 $2,300

Average: $1,988

6430 Orange St 2 1 $2,500

8436 Blackburn Ave 2 1 $2,795

7954 Blackburn Ave 2 1 $2,795 Median $2,795

6413 Orange St 2 1 $3,000

130 N Sweetzer Ave 2 1 $3,100

Average: $2,838

143 S Hayworth Ave 2 2 $2,699

8337 Blackburn Ave 2 1.5 $2,795

6663 Lindenhurst Ave 2 2 $2,999 Median $2,999

7935 Blackburn Ave 2 2 $3,000

101 N Croft Ave 2 2 $3,150

Average: $2,929

PROPERTY PHOTOS8336 Blackburn Ave | Los Angeles, CA 90048

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

PROPERTY PHOTOS8336 Blackburn Ave | Los Angeles, CA 90048

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.

SALE COMPARABLES8336 Blackburn Ave | Los Angeles, CA 90048

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.

Subject 1 2 3 5 6 7 9

1%

2%

3%

4%

5%

6%

7%

8%

Avg.

4.029

Cap Rate

Subject 1 2 3 5 6 7 9

3.0

6.0

9.0

12.0

15.0

18.0

21.0

24.0

Avg.

16.943

Gross Rent Multiplier

Subjec 1 2 3 4 5 6 7 8 9

$66,000

$132,000

$198,000

$264,000

$330,000

$396,000

$462,000

$528,000

Avg.

$420,489

Price per Unit

Subjec 1 2 3 4 5 6 7 8 9

$83

$166

$249

$332

$415

$498

$581

$664

Avg.

$485.63

Price per Sq. Ft.

SALE COMPARABLES8336 Blackburn Ave | Los Angeles, CA 90048

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.

S 7 Unit Apartment Investment8336 Blackburn AveLos Angeles, CA 90048

Sale Price $3,200,000Units 7Price/Unit $457,143Price/SqFt $463.90Cap Rate 3.58%Year Built 1956GRM 17.96

# Units Unit Type4 1 Bedroom 1 Bath1 2 Bedroom 1 Bath2 2 Bedroom 2 Bath

1 315 S Hamel RdLos Angeles, CA 90048

Sale Price $3,950,000Units 11Price/Unit $359,091Price/SqFt $658.33Cap Rate 5.18%Year Built 1954Sale Date 3/29/2019GRM 14.5

# Units Unit Type2 Studio/Efficiency

9 One Bedroom One Bath

NOTESAll units are vacant. Income shown is Proforma.

2 6424 W Olympic BlvdLos Angeles, CA 90048

Sale Price $2,940,000Units 6Price/Unit $490,000Price/SqFt $446.27Cap Rate 4.33%Year Built 1939Sale Date 11/15/2018GRM 17.4

# Units Unit Type4 One Bedroom One Bath

2 Two Bedroom One Bath

SALE COMPARABLES8336 Blackburn Ave | Los Angeles, CA 90048

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.

3 130 S Croft AveLos Angeles, CA 90048

Sale Price $5,500,000Units 18Price/Unit $305,556Price/SqFt $457.65Cap Rate 3.11%Year Built 1955Sale Date 9/4/2018GRM 17.3

# Units Unit Type16 One Bedroom One Bath

2 Two Bedroom Two Bath

4 560 N Kings RdLos Angeles, CA 90048

Sale Price $2,650,000Units 6Price/Unit $441,667Price/SqFt $361.13Cap Rate N/AYear Built 1972Sale Date 5/11/2018GRM N/A

# Units Unit Type5 Two Bedroom Two Bath

1 Three Bedroom Three Bath

5 625 N Kings RdWest Hollywood , CA 90048

Sale Price $2,260,000Units 5Price/Unit $452,000Price/SqFt $359.87Cap Rate 3.31%Year Built 1960Sale Date 5/4/2018GRM 16.4

# Units Unit Type3 Two Bedroom Two Bath

2 Two Bedroom Two Bath

SALE COMPARABLES8336 Blackburn Ave | Los Angeles, CA 90048

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.

6 141 N Swall DrWest Hollywood, CA 90048

Sale Price $3,125,000Units 8Price/Unit $390,625Price/SqFt $396.37Cap Rate 4.0%Year Built 1929Sale Date 5/1/2018GRM 17.4

# Units Unit Type8 Two Bedroom One Bath

7 410 N Hayworth AveLos Angeles, CA 90048

Sale Price $4,500,000Units 11Price/Unit $409,091Price/SqFt $538.92Cap Rate 4.25%Year Built 1957Sale Date 4/19/2018GRM 15.6

# Units Unit Type7 One Bedroom One Bath

4 Two Bedroom One Bath

8 6132 Orange StLos Angeles, CA 90048

Sale Price $2,610,000Units 5Price/Unit $522,000Price/SqFt $508.67Cap Rate N/AYear Built 1930Sale Date 2/8/2018GRM N/A

# Units Unit Type2 One Bedroom One Bath

3 Two Bedroom Two Bath

SALE COMPARABLES8336 Blackburn Ave | Los Angeles, CA 90048

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.

9 423 S Sherbourne DtLos Angeles, CA 90048

Sale Price $3,315,000Units 8Price/Unit $414,375Price/SqFt $643.44Cap Rate 4.02%Year Built 1954Sale Date 1/26/2018GRM 20.0

# Units Unit Type7 One Bedroom One Bath

1 Two Bedroom Two Bath

SALE COMPARABLES8336 Blackburn Ave | Los Angeles, CA 90048

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.

S 8336 Blackburn AveLos Angeles, CA, 90048$3,200,000

1 315 S Hamel RdLos Angeles, CA, 90048$3,950,000

2 6424 W Olympic BlvdLos Angeles, CA, 90048$2,940,000

3 130 S Croft AveLos Angeles, CA, 90048$5,500,000

4 560 N Kings RdLos Angeles, CA, 90048$2,650,000

5 625 N Kings RdWest Hollywood , CA, 90048$2,260,000

6 141 N Swall DrWest Hollywood, CA, 90048$3,125,000

7 410 N Hayworth AveLos Angeles, CA, 90048$4,500,000

8 6132 Orange StLos Angeles, CA, 90048$2,610,000

9 423 S Sherbourne DtLos Angeles, CA, 90048$3,315,000

AERIAL MAP8336 Blackburn Ave | Los Angeles, CA 90048

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.

LOCATION MAP8336 Blackburn Ave | Los Angeles, CA 90048

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.

REGIONAL MAP8336 Blackburn Ave | Los Angeles, CA 90048

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.

DEMOGRAPHICS8336 Blackburn Ave | Los Angeles, CA 90048

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 19,444 (47.99 %) 147,259 (49.67 %) 449,275 (49.82 %)

Female 21,069 (52.01 %) 149,235 (50.33 %) 452,603 (50.18 %)

Total Population 40,513 296,494 901,878

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 1,435 (3.54 %) 12,543 (4.23 %) 43,177 (4.79 %)

Ages 5-9 1,632 (4.03 %) 14,579 (4.92 %) 49,310 (5.47 %)

Ages 10-14 1,326 (3.27 %) 12,841 (4.33 %) 43,181 (5.47 %)

Ages 15-19 1,195 (2.95 %) 12,247 (4.13 %) 41,137 (4.56 %)

Ages 20-24 1,294 (3.19 %) 13,191 (4.45 %) 46,936 (5.20 %)

Ages 25-29 1,650 (4.07 %) 15,105 (5.09 %) 55,179 (6.12 %)

Ages 30-34 2,438 (6.02 %) 18,715 (6.31 %) 64,854 (7.19 %)

Ages 35-39 3,543 (8.75 %) 23,744 (8.01 %) 75,034 (8.32 %)

Ages 40-44 4,384 (10.82 %) 27,845 (9.39 %) 81,486 (9.04 %)

Ages 45-49 4,520 (11.16 %) 28,931 (9.76 %) 81,417 (9.03 %)

Ages 50-54 4,014 (9.91 %) 26,482 (8.93 %) 73,308 (8.13 %)

Ages 55-59 3,275 (8.08 %) 22,753 (7.67 %) 63,016 (6.99 %)

Ages 60-64 2,577 (6.36 %) 18,569 (6.26 %) 51,412 (5.70 %)

Ages 65-69 1,985 (4.90 %) 14,508 (4.89 %) 40,008 (4.44 %)

Ages 70-74 1,481 (3.66 %) 10,780 (3.64 %) 29,739 (3.30 %)

Ages 75-79 1,117 (2.76 %) 7,799 (2.63 %) 21,487 (2.38 %)

Ages 80-84 837 (2.07 %) 5,487 (1.85 %) 14,948 (1.66 %)

Ages 85+ 1,810 (4.47 %) 10,375 (3.50 %) 26,249 (2.91 %)

DEMOGRAPHICS8336 Blackburn Ave | Los Angeles, CA 90048

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 $82,018 $62,976 $49,158

Less than $10,000 1,417 10,606 34,394

$10,000 -$14,999 1,189 8,049 27,582

$15,000 - $19,999 819 6,652 23,089

$20,000 -$24,999 802 6,371 21,930

$25,000 - $29,999 719 5,931 20,289

$30,000 - $34,999 888 6,331 20,587

$35,000 - $39,999 516 5,741 18,612

$40,000 - $44,999 767 6,098 17,428

$45,000 - $49,999 663 5,149 14,621

$50,000 - $59,999 1,546 10,564 27,449

$60,000 - $74,999 1,844 12,880 33,529

$75,000 - $99,999 2,836 15,778 37,268

$100,000 - $124,999 2,686 12,276 25,545

$125,000 - $149,999 1,325 6,619 15,342

$150,000 - $199,999 1,670 8,730 17,772

Greater than $200,000 2,245 14,036 28,617

Housing 1 Mile 3 Mile 5 Mile

Housing Units 25,873 163,066 435,805

Occupied Units 23,667 150,259 401,824

Owner Occupied Units 5,479 44,996 104,866

Renter Occupied Units 18,188 105,263 296,958

Vacant Units 2,206 12,807 33,981

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 33,418 204,344 464,959

Population Black 905 24,467 88,467

Population Am In/Ak Nat 7 329 1,440