923 N. Ardmore Avenue

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1 N. Ardmore Avenue LOS ANGELES Great Fourplex in a Popular Neighborhood Duplex and Two Bungalows $1,350,000

2 Consisting of a Duplex and two Bungalows, this fourplex offers tenants privacy, fruit trees and a great central location. With an over-sized, R-3 lot, zoned for at least 11 units, this property currently offers plenty of on-site parking (including a two-car garage) and personal outdoor space for tenants. Low rents with plenty of upside. Great time to invest in this changing market. 923 N. Ardmore Avenue Los Angeles 2 of 20

3 Floor Plans 923 N. Ardmore Avenue Los Angeles 3 of 20

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5 Cash Flow Price: $1,350,000 Down Payment: $1,350,000 Number of Units: 4 Cost per Legal Unit: $337,500 Current GRM: Current CAP: 3.28% Years Built: 1912/1926/1939 Approx. Lot Size: 9,050 Approx. Building SF: 3,452 Cost per Net GSF: $391 Annualized Operating Data Scheduled Gross Income: 68,544 Less Expenses: (24,251) 35.4% Net Operating Income: 44, % Scheduled Income Estimated Annualized Expenses No. of Units Bed/Bath Rent/Unit Taxes: $16, $758 Insurance $0.45 / RSF $ Den $1,246 Utilities $70 / Unt / Mnt $3, $2,200 Repairs+Maintenance $45 / Unt / Mnt $2, $1,508 Trash, Pest, Gard, Etc $35 / Unt / Mnt $1,680 Avg. Rent/Gr. Sq. Ft. $1.65 Total Scheduled Rent: $5,712 Total Expenses: $24,251 Per Net Sq. Ft.: $7.03 Monthly Scheduled Gross Income: $5,712 Per Unit: $6,063 Annual Scheduled Gross Income: $68,544 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 923 N. Ardmore Avenue Los Angeles 5 of 20

6 RENT ROLL Unit Current Rent Market Rent Mix Sq. Ft. 923 $1,513 $2,550 3bd + 1ba 1, /4 $1,246 $1,650 1bd + 1ba + den /2 $2,200 $2,550 2bd + 1ba 1, /4 $759 $1,150 Studio + 1ba N. Ardmore Avenue Los Angeles 6 of 20

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16 Rental Comps 1197 N. Ardmore Ave. Built: 1928 Beds: Studio Baths: 1 Appr. Sq. Ft. 600 Price: $1,295 $/SqFt: $ N. Kinglsey Dr. Built: 1931 Beds: 1 Baths: 1 Sq. Ft. 920 Price: $1,700 $/SqFt: $ N. Mariposa Ave. Built: 1958 Beds: 1 Baths: 1 Sq. Ft. 600 Price: $1,500 $/SqFt: $ N. Ardmore Avenue Los Angeles 16 of 20

17 Rental Comps 5322 Lexington Ave. Built: 1990 Beds: 2 Baths: 2 Sq. Ft. 1,000 Price: $2,395 $/SqFt: $ Harvard Blvd. Built: 1957 Beds: 1 Baths: 1 Sq. Ft. 850 Price: $1,700 $/SqFt: $ Normandie Ave Built: 1920 Beds: 3 Baths: 2 Sq. Ft. 1,100 Price: $3,300 $/SqFt: $ N. Ardmore Avenue Los Angeles 17 of 20

18 Rental Comps 1400 N Hobart Blvd Built: 1928 Beds: 2 Baths: 1 Sq. Ft. 750 Price: $2,000 $/SqFt: $ Edgemont St Built: 1929 Beds: Studio Baths: 1 Sq. Ft. 390 Price: $1,350 $/SqFt: $ N. Ardmore Avenue Los Angeles 18 of 20

19 Parcel Profile City of Los Angeles Department of City Planning PROPERTY ADDRESSES 923 N ARDMORE AVE 923 1/4 N ARDMORE AVE 923 1/2 N ARDMORE AVE ZIP CODES RECENT ACTIVITY CASE NUMBERS CPC CPU CPC GPC CPC HD ORD ORD SA18B ENV EIR AFF Address/Legal Information 8/1/2017 PARCEL PROFILE REPORT PIN Number 144B Lot/Parcel Area (Calculated) Thomas Brothers Grid 9,049.9 (sq ft) PAGE GRID J6 Assessor Parcel No. (APN) Tract ROMAINE SQUARE Map Reference M B Block Lot 39 Arb (Lot Cut Reference) Map Sheet Jurisdictional Information Community Plan Area Area Planning Commission Neighborhood Council Council District 144B193 Hollywood Central East Hollywood Census Tract # LADBS District Office Planning and Zoning Information Special Notes Zoning Zoning Information (ZI) General Plan Land Use General Plan Footnote(s) Hillside Area (Zoning Code) Specific Plan Area Special Land Use / Zoning Design Review Board Historic Preservation Review Historic Preservation Overlay Zone Other Historic Designations Other Historic Survey Information Mills Act Contract CDO: Community Design Overlay CPIO: Community Plan Imp. Overlay District Subarea CUGU: Clean Up-Green Up NSO: Neighborhood Stabilization Overlay POD: Pedestrian Oriented Districts SN: Sign District Streetscape Adaptive Reuse Incentive Area Ellis Act Property Rent Stabilization Ordinance (RSO) CD 13 - Mitch O'Farrell Los Angeles Metro R3-1XL ZI-2374 LOS ANGELES STATE ENTERPRISE ZONE ZI-2427 Freeway Adjacent Advisory Notice for Sensitive Uses ZI-2452 Transit Priority Area in the City of Los Angeles Medium Residential Yes No No No No No No No Yes This report is subject to the terms and conditions as set forth on the website. For more details, please refer to the terms and conditions at zimas.lacity.org (*) - APN Area is provided "as is" from the Los Angeles County's Public Works, Flood Control, Benefit Assessment. zimas.lacity.org planning.lacity.org 923 N. Ardmore Avenue Los Angeles 19 of 20

20 LEE MINTZ calbre# DARIO SVIDLER calbre# Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of estimates, square footage, lot size, construction plans or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate licensed professionals. All pro-formas, projections, assumptions and estimates are presented as a possible scenario; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions and estimates.