OFFERING MEMORANDUM

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH

(310) 990-2131

DANIEL@LYONSTAHL.COM

LIC. 01978847

$ 1,975,000

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 2

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TABLE OF CONTENTS

THE LOCATION 3

VENICE OVERVIEW 4

LOS ANGELES MSA 5

THE PROPERTY 6

PROPERTY OVERVIEW 7

ADDITIONAL PHOTOS 8-11

THE FINANCIALS 12

RENT ROLL 13

FINANCIAL OVERVIEW 14-15

COMPARABLES 16

SALES COMPARABLES 17

SALES COMPARABLES MAP 18

DISCLAIMER AND CONFIDENTIALITY AGREEMENT 19

OFFERING MEMORANDUM

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 3

THE LOCATION

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 4

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VENICECITY OVERVIEW

1101 Van Buren Ave is located in Venice Beach, an artisticbeachside community that has experienced a transformation overthe past decade. With over 2 miles of ocean access, a boardwalkthat stretches the length of the city, stylish storefronts, andtrendsetting restaurants, Venice is one of Los Angeles’ hottestneighborhoods.

With proximity to exploding job markets such as Downtown SantaMonica, Silicon Beach, Westwood, and Culver City, Venice residentsare young professionals and families who hold high-incomepositions in the entertainment industry, technology industry, andvarious business startups.

One of the city’s defining features is Abbot Kinney Boulevard.Dubbed as “the coolest block in America” by GQ, this walkablepalm-tree lined street features a wide variety of international retailstores, trendy restaurants, and popular nightlife destinations.Locals and tourists stroll along this vibrant stretch of the city for amemorable experience.

Venice is a destination known around the world, offering itsresidents a laid-back persona of a small beach community withluxurious and metropolitan amenities. With excellent beachfrontlocation, easy access to exploding job markets, and a livelybeachside neighborhood, Venice is an ever-growing Los Angelessub-market that is perfect for a multi-family investor.

DANIEL SHIEH (310) 990.2131 • 5

1101 VAN BUREN AVE

VENICE, CA 90291

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With a population of over 40,000 residents, Venice Beach is located withinLos Angeles County and is part of the Los Angeles-Long Beach-AnaheimMSA, the 13th most populated metropolitan area in the world and thesecond largest MSA in the United States.

One of the world’s most significant economic and cultural centers, LosAngeles County is home to more than 10 million residents, comprising 26%of California’s total population and making it the most populous county inthe United States. Known for its coastal location, cultural attractions,educational institutions, and massive economy, Los Angeles Countyencompasses more than 4,000 square miles and contains 88 cities and 65unincorporated communities.

Los Angeles is one of the world’s leading trade and manufacturing centers,due largely to the Port of Los Angeles and Port of Long Beach, whichprovide access to major U.S. markets and the Pacific Rim. If Los AngelesCounty were a nation, its economy would rank 21st among the world’scountries in terms of gross domestic product. Los Angeles County’s GDP of$665.4 billion exceeds those of Sweden, Switzerland, and Saudi Arabia.

Did you know…Los Angeles County is the No.1 “International TradeCapital of America” The Kyser Center for Economic Research

The city of Los Angeles ranked No. 2 among the “Best Citiesto Launch Your Career” Bankrate

Los Angeles is ranked the No.1 “Manufacturing City in theNation” The Kyser Center for Economic Research

The city of Los Angeles is ranked among the top 40 “BestLarge Cities to Live In” NerdWallet

LOS ANGELES MSACOUNTY OVERVIEW

OFFERING MEMORANDUM

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 6

THE PROPERTY

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 7

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PROPERTY OVERVIEW

1101 Van Buren Ave is a 3-unit, bungalow style residentialinvestment opportunity in a high demand rental market locatedin the heart of Venice. The 4,114 square foot corner lot islocated in the President’s Row neighborhood of Venice, a quietresidential neighborhood nestled between WashingtonBoulevard and Venice Boulevard, east of Abbot Kinney Boulevardand west of Lincoln Boulevard.

The property is comprised of 3 bungalow 1 bedroom/1 bathroomunits, totaling 1,933 square feet of living space, (3) 1-car garages,and onsite laundry, all of which produce income. With awalkscore of 86 and conveniently located just few short blocksfrom Abbott Kinney, tenants can easily visit popular shops,restaurants, galleries, and Venice Ocean Front Walk.

The unit located on the corner of Van Buren Ave and GrandviewAve is occupied by a family member of the owner and will bevacated at or shortly after close of escrow, giving the new ownerthe capability of renovating the unit, qualifying tenants, andachieving market rent.

Venice median home sales prices have increased over 135% sinceJanuary 2012*, making it incredibly difficult for home ownershipand ensuring a continued strong rental market.

*https://www.zillow.com/venice-ca/home-values/

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 8

THE P

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1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 9

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1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 10

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1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 11

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OFFERING MEMORANDUM

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 12

THE FINANCIALS

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 13

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RENT ROLL

UNIT MIX STATUS CURRENT RENT MARKET RENT

1 1 BED / 1 BATH OCCUPIED $ 3,095 $ 3,200

2 1 BED / 1 BATH OCCUPIED $ 2,500 $ 3,200

3 1 BED / 1 BATH TO BE VACATED $ 3,200 $ 3,200

N/A GARAGE + LAUNDRY N/A $ 333 $ 953

MONTHLY TOTAL $ 9,128 $ 10,553

ANNULIZED TOTAL $ 109,536 $ 126,636

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 14

FINANCIAL OVERVIEW

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PROPERTY SUMMARY

PRICE $ 1,975,000

ADDRESS 1101 Van Buren Ave

CITY, STATE, ZIP Venice, CA 90291

COUNTY Los Angeles

YEAR BUILT 1938

NUMBER OF UNITS 3

BUILDING SIZE 1,933

LOT SIZE 4,114

CURRENT CAP 3.97%

MARKET CAP 4.65%

CURRENT GRM 17.47

MARKET GRM 15.60

PRICE PER UNIT $658,333

PRICE PER SF $ 1,022

PARKING 3 Garage Spaces

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 15

FINANCIAL OVERVIEW

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OFFERING MEMORANDUM

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 16

COMPARABLES

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 17

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SOLD COMPARABLES

ADDRESS LIST/SALE PRICE YEAR BUILT UNITS PRICE/UNIT BUILDING SIZE PRICE/BUILDING SF

SOLD COMPS

1628 SANTA CLARA AVEVENICE, CA 90291

$ 1,895,000 1916 2 $ 947,500 1,112 $ 1,704

21016 OAKWOOD AVEVENICE, CA 90291

$ 1,925,000 1905 2 $ 962,500 1,616 $ 1,191

3908 VICTORIA AVEVENICE, CA 90291

$ 1,500,000 1923 2 $ 750,000 1,230 $ 1,220

4708 NOWITA PLVENICE, CA 90291

$ 1,500,000 1912 2 $ 750,000 1,250 $ 1,200

945 MARCO PL

VENICE, CA 90291$ 2,770,000 1923 3 $ 923,333 1,728 $ 1,603

AVERAGES $ 866,667 $ 1,384

SUBJECT PROPERTY

1101 VAN BUREN AVE

VENICE, CA 90291$ 1,975,000 1938 3 $ 658,333 1,933 $ 1,022

1101 VAN BUREN AVE

VENICE, CA 90291

DANIEL SHIEH (310) 990.2131 • 18

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SOLD COMPARABLES MAP

DANIEL SHIEH (310) 990.2131 • 19

1101 VAN BUREN AVE

VENICE, CA 90291

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DISCLAIMER & CONFIDENTIALITY AGREEMENT

The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is

intended to be reviewed only by the party receiving it from Broker and should not be made available to anyone else without

the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you

will hold it in the strictest confidence, and that you will not disclose any of its contents contrary to these terms.

This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in

the subject property (“Property”). The information in this Memorandum has been obtained from sources Broker believes to be

reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever

including but not limited to the accuracy or completeness of the information, veracity or accuracy of the information,

condition of the Property or its compliance or lack of compliance with applicable governmental requirements,

developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square

footage of the Property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the

compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition

or business Property and does not purport to be an all – inclusive representation regarding the Property or to contain all or

part of the information which prospective investors may require to evaluate the purchase of the Property. Additional

information and an opportunity to investigate the Property will be made available to interested and qualified prospective

purchasers. All information is based on assumptions relating to the general economy, market conditions, competition and

other factors beyond the control of Broker, therefore, all information is subject to material variation. The information

contained herein is not a substitute for a thorough due diligence investigation. Interested parties are expected to review all

information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the

Property, and/or to terminate discussions at any time with or without notice. The Owner shall have no legal commitment or

obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any

conditions to the Owner’s obligations therein have been satisfied or waived.

EXCLUSIVELY MARKETED BY

DANIEL SHIEH

(310) 990-2131

DANIEL@LYONSTAHL.COM

LIC. 01978847