1O F F E R I N G M E M O R A N D U M

L O S A N G E L E S , C A 9 0 0 6 6

3 7 9 4 R O S E W O O DAV E N U E

DANIEL WITHERS SVP & Senior Director

D: (818) 923-6107M: (310) 365-5054E: daniel.withers@matthews.comLicense No. 01325901 (CA)

EXCLUSIVELY LISTED BY

PROPERTY OVERVIEW 4 LOCATION OVERVIEW12

FINANCIAL OVERVIEW16

L O S A N G E L E S , C A 9 0 0 6 6

3 7 9 4 R O S E W O O D AV E N U E

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P R O P E R T Y O V E R V I E W

L O S A N G E L E S , C A 9 0 0 6 6

3 7 9 4 R O S E W O O D AV E N U E

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3794 Rosewood Avenue is an 8-unit apartment building located in the heart of Mar Vista, CA. This prime location provides access to local restaurants, coffee shops, cafes and shopping in the area as well as a weekly farmer’s market. The property is centrally located near Venice, Santa Monica, Marina Del Rey and Culver City allowing tenants to benefit from the best that West Los Angeles has to offer.

Additionally, the immediate area is growing entertainment and technology hub with companies such as Amazon, Apple, Google, Sony and HBO in close proximity. This beautifully maintained property is located directly across the street from Venice High with an enrollment of approximately 2,000 students.

The beautifully maintained property is comprised of six one-bedroom, one-bath and two two-bedroom, one-bathroom units. 3794 Rosewood Avenue also provides tenants with 5 open surface parking, outdoor storage and an on-site laundry facility. The property has a pitched roof and lush landscaping. This opportunity is ideal for an investor looking for a well kept property in the heart in West Los Angeles.

O P P O RT UN I T Y

» 8-Units, Built in 1957

» Unit Mix: (6) 1+1 (2) 2+1

» Prime Mar Vista Location

» Walk Score of 84 – Very Walkable

» Easy access to the 405 and 90 Freeways

» Growing entertainment and technology hub with local employers including HBO, Apple, Google, Amazon and Sony

» Located in proximity to shopping, dining and entertainment options

P RO P E RT Y D E S C R I P T I ON

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PHYSICAL DESCRIPTION

GROSS SF

5,885

AVG SF PER UNIT

736

APN

4245-019-001

YEAR BUILT

1957

0.14 AC

LOT SIZE

NO. OF UNITS

8

8

R E G I ONA L M A P

L O C A L M A P

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MARINA DEL REY

VENICE HIGH SCHOOL

VENICE

VEN

ICE

BLV

D

SANTA MONICA

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CENTURY CITY DOWNTOWN LAMID-WILSHIRE

MAR VISTA

VEN

ICE

BLV

D

CULVER CITY

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W E S T M I N S T E RO F F - L E A S H PA R K

W I N D W A R DC I R C L E

M U S C L EB E A C H

V E N I C ES K A T E PA R K

M A R I N A D E LR E Y

V E N I C E O F A M E R I C AC E N T E N N I A L PA R K

S U B J E C TP R O P E R T Y

T H E B O Y &

T H E B E A R

P E N M A R PA R K

S A N T A M O N I C AB U S I N E S S PA R K

O C E A N V I E WPA R K

L O C A T I O NO V E R V I E W

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L O S A N G E L E S , C A 9 0 0 6 6

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Population 1 Mile 3 Mile 5 Mile

2025 Projection 38,796 282,866 573,090

2020 Estimate 37,809 276,059 559,806

2010 Census 35,359 261,238 535,156

Growth 2020-2025 2.61% 2.47% 2.37%

Growth 2010-2020 6.93% 5.67% 4.61%

Households 1 Mile 3 Mile 5 Mile

2025 Projection 17,680 133,547 268,617

2020 Estimate 17,228 130,012 262,241

2010 Census 16,114 122,113 250,521

Growth 2020-2025 2.62% 2.72% 2.43%

Growth 2010-2020 6.91% 6.47% 4.68%

Income 1 Mile 3 Mile 5 Mile

Average HH Income $150,576 $138,356 $140,450

Median HH Income $103,614 $95,190 $95,918

DEMOGRAPHICSMar Vista is a residential and commercial neighborhood on the Westside of Los Angeles, California. According to the Mapping L.A. project of the Los Angeles Times, Mar Vista is adjoined on the northeast by Palms, on the east, southeast and south by Culver City, on the west by Venice and on the northwest by Santa Monica. Mar Vista’s street and other boundaries are: the San Diego Freeway to the Culver City boundary at Venice Boulevard on the northeast, the Culver City line on the southeast, Walgrove Avenue on the southwest and the Santa Monica city boundary on the northwest.

MAR VISTA, CA

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LOS ANGELES MSA

As the second largest metropolitan area in the United States, the Los Angeles Metropolitan Statistical Area, or the Southland, consists of both Los Angeles and Orange Counties. These two counties also make up the inner core of the Greater Los Angeles urbanized region. Los Angeles County, one of California’s original 27 counties, is one of the nation’s largest counties both in land area and population. With nearly 10 million residents, the Los Angeles population accounts for approximately 27 percent of California’s population. The area continues to grow, especially given the vigorous residential development in downtown LA.

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ECONOMY

Famously known for a heavy entertainment industry based economy, the Los Angeles metropolitan area attracts many visitors. Consequently, leisure and hospitality is also a leading industry and has experienced recent growth in employment. It is now the sixth largest hotel market in the United States. The Los Angeles-Orange County metro area alone has an enormous economy with an estimated $866 billion GMP. Together with Ventura, Riverside and San Bernardino Counties, Orange and Los Angeles county make up the Greater Los Angeles Area, a combined statistical area that is the third largest economic center in the world after the Greater Tokyo and New York metropolitan areas.

The LA economy is famously and heavily based on the entertainment industry, with a particular focus on television, motion pictures, interactive games, and recorded music - the Hollywood district of Los Angeles and its surrounding areas are known as the “Movie Capital of the United States” due to the region’s extreme commercial and historical importance to the American motion picture industry. Other significant sectors include shipping/ international trade - particularly at the adjacent Port of Los Angeles and Port of Long Beach, together comprising the United States’ busiest seaport - as well as aerospace, technology, petroleum, fashion and apparel, and tourism.

TOP EMPLOYERS

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F I N A N C I A LO V E R V I E W

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3794 Rosewood AveLos Angeles, CA 90066

Number of Units: 8

Year Built: 1957

APN: 4245-019-001

Gross Sq. Ft.: 5,885

Average S.F. Per Unit: 736

Lot Size (Acres): 0.14

Density 57

I N V E S T M E N T S U M M A R Y

Sale Price Price/Unit Price/FootCURRENT MARKET

Cap Rate GRM Cap Rate GRM

$2,695,000 $336,875 $457.94 4.05% 15.35 6.58% 10.86

TotalUnits

Unit Mix

Unit Mix%

CurrentAvg Rent

Current Monthly Rent

MarketRent

MarketMonthly Rent

6 1+1 75% $1,755 $10,531 $2,450 $14,700

2 2+1 25% $1,909 $3,817 $2,850 $5,700

Scheduled Monthly Rent: $14,348 $20,400

Scheduled Yearly Rent: $172,180 $244,800

U N I T M I X

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Current MarketScheduled Gross Income: $172,180 $244,800 42% UpsideLess Vacancy Reserve: $5,165 3.0% $7,344 3.0%Laundry Income: $1,100 $1,100Other Income: $2,274 $2,274Gross Operating Income: $170,389 $240,830Expenses: $61,133 35.5% $63,467 25.9% *Net Operating Income: $109,255 $177,362Pre-Tax Cash Flow: $109,255 4.05% $177,362 6.58% **Total Return Before Taxes: $109,255 4.05% $177,362 6.58% *** As a percent of Scheduled Gross Income** As a percent of Down Payment

A N N U A L I Z E D O P E R A T I N G D A T A

% of SGI Current Per Unit Market Per Unit % of SGIProperty Taxes 1.196% x Sale Price 18.92% $32,233 $4,029 $32,233 $4,029 13.2%Off-Site Management 3.5% x GOI 3.50% $5,964 $745 $8,429 $1,054 3.4%Insurance $0.35 x GSF 1.21% $2,060 $257 $2,060 $257 0.8%Repairs & Maintenance $500 x Units 2.35% $4,000 $500 $4,000 $500 1.6%Turnover $125 x Units 0.59% $1,000 $125 $1,000 $125 0.4%Landscaping $300 x Units 1.41% $2,400 $300 $2,400 $300 1.0%Utilities Actual T6 4.59% $7,815 $977 $7,815 $977 3.2%Trash Actual T6 2.78% $4,730 $591 $4,730 $591 1.9%General Administration $100 x Units 0.55% $932 $116 $800 $100 0.3%Total Expenses 35.88% $61,133 $7,642 $63,467 $7,933 25.9%

Current Per Unit % of SGINon-controllable expenses: Taxes, Ins., Reserves: $34,293 $4,287 19.9%Total Expense without Taxes $28,900 $3,612 16.78%

P R O F O R M A A N N U A L O P E R A T I N G E X P E N S E S

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Unit Mix Rent Market Rent Move In Date

1 1+1 $2,450 $2,450 Vacant

2 1+1 $2,450 $2,450 Vacant

3 2+1 $2,303 $2,850 Apr-17

4 1+1 $1,710 $2,450 Jun-15

5 1+1 $1,795 $2,450 May-18

6 1+1 $1,329 $2,450 Feb-10

7 2+1 $1,514 $2,850 Jan-97

8 1+1 $797 $2,450 Jul-92

TOTALS

8

$14,348 $20,400

AVERAGES $1,794 $2,550

R E N T R O L L

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SA L E S COM PA R A B L E S

Property Address Sale Price Year Built Building SF Number Of Units

Price Per Unit Price Per SF Actual Cap

Rate GRM Sale Date

3794 Rosewood AveLos Angeles, CA 90066 $2,695,000 1957 5,885 8 $336,875 $457.94 4.05% 15.35 -

12734 Caswell AveLos Angeles, CA 90066 $4,320,000 1962 6,771 9 $480,000 $638.02 - - 7/16/18

4706-4712 Centinela AveMar Vista, CA 90066 $2,400,000 1953 4,032 6 $400,000 $595.24 - - 3/23/18

12240 Pacific AveLos Angeles, CA 90066 $4,140,000 1964 6,532 11 $376,363 $633.80 - - 7/23/18

12518-12524 1/2 Venice BlvdLos Angeles, CA 90066 $3,832,000 1948 9,652 11 $348,363 $397.02 3.58% 18. 11/21/18

3724-3736 Inglewood BlvdLos Angeles, CA 90066 $10,450,000 1955 27,043 30 $348,333 $386.42 3.40% 17.83 5/31/18

12757 Mitchell AveLos Angeles, CA 90066 $2,750,000 1957 5,984 8 $343,750 $459.56 - - 9/26/18

12411-12419 Washington PlLos Angeles, CA 90066 $2,735,000 1953 6,102 8 $341,875 $448.21 4.21% 16.59 4/29/19

4080 Redwood Ave(Part of Multi-Property Sale)

Los Angeles, CA 90066$3,402,295 1958 5,306 10 $340,229 $641.22 - - 12/30/19

3625 McLaughlin AveLos Angeles, CA 90066 $2,625,000 1967 7,392 8 $328,125 $355.11 2.67% 20.31 8/30/19

12625 Pacific AveLos Angeles, CA 90066 $2,900,000 1964 7,780 9 $322,222 $372.75 2.75% - 8/9/18

12910 Walsh AvLos Angeles, CA 90066 $1,920,000 1957 4,200 6 $320,000 $457.14 3.20% - 8/8/18

4367 Berryman AveLos Angeles, CA 90066 $5,275,000 1955 10,192 16 $329,687 $517.56 - - 2/14/20

3625 McLaughlin AveLos Angeles, CA 90066 $2,625,000 1967 7,392 8 $328,125 $355.11 2.67% 20.31 8/30/19

AVERAGES $354,390 $481.32 3.21% 18.61

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R E N T COM PA R A B L E S

Address Number of Units Year Built Floor Plan Asking Rent

ONE-BEDROOM

3794 Rosewood AvenueLos Angeles, CA 90066 8 1957 1+1 $1,755

12737 Pacific AvenueLos Angeles, CA 90066 9 1963 1+1 $2,295

12625 Pacific AvenueLos Angeles, CA 90066 9 1964 1+1 $2,495

12451 Pacific AvenueLos Angeles, CA 90066 8 1978 1+1 $2,600

12734 Caswell AvenueLos Angeles, CA 90066 9 1962 1+1 $2,550

AVERAGES $2,297

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R E N T COM PA R A B L E S

Address Number of Units Year Built Floor Plan Asking Rent

TWO-BEDROOM

3794 Rosewood AvenueLos Angeles, CA 90066 8 1957 2+2 $1,909

12625 Pacific AvenueLos Angeles, CA 90066 9 1964 2+2 $3,095

12451 Pacific AvenueLos Angeles, CA 90066 8 1978 2+2 $3,000

12746 Caswell AvenueLos Angeles, CA 90066 9 1963 2+2 $2,875

12770 Pacific AvenueLos Angeles, CA 90066 11 1962 2+2 $2,699

AVERAGES $2,707

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This Offering Memorandum contains select information pertaining to the business and affairs of 3794 Rosewood Ave, Los Angeles, CA 90066 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in

any fashion or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

CONFIDENTIALITY AGREEMENT & DISCLAIMER

O F F E R I N G M E M O R A N D U M

EXCLUSIVELY LISTED BY

L O S A N G E L E S , C A 9 0 0 6 6

3 7 9 4 R O S E W O O D AV E N U E

DANIEL WITHERS SVP & Senior Director

D: (818) 923-6107

M: (310) 365-5054E: daniel.withers@matthews.com

License No. 01325901 (CA)