Sale PriceSale Price UnitsUnits $/ Unit$/ Unit Bldg SqFt Bldg SqFt Lot Size Lot Size Street AddressStreet Address AgeAgeTwo's Two's PlusPlus $/ SQFT$/ SQFT GSI GSI GRMGRM COE DateCOE Date

$ 2,860,000 $ 2,860,000 2626 $ 110,000 $ 110,000 15,568 15,568 31,744 31,744 1085 SARATOGA AV1085 SARATOGA AV 5050 30%30% $ 183.71 $ 183.71 $ 311,950 $ 311,950 9.179.17 2/8/20102/8/2010

$ 2,350,000 $ 2,350,000 2222 $ 106,818 $ 106,818 11,260 11,260 17,280 17,280 3054 DAVID AV3054 DAVID AV 5353 18%18% $ 208.70 $ 208.70 $ 243,432 $ 243,432 9.659.65 3/19/20103/19/2010

2010

2009

Average Price Per unitAverage Price Per unit $ 118,646$ 118,646 Average $ /SQFT Average $ /SQFT $ 165$ 165

Average GRM Average GRM 9.409.40

Sale PriceSale Price UnitsUnits $/ Unit$/ Unit Bldg SqFt Bldg SqFt Lot Size Lot Size Street AddressStreet Address AgeAge Two's PlusTwo's Plus $/ SQFT$/ SQFT GSI GSI GRMGRM COE DateCOE Date

$ 3,600,000 $ 3,600,000 3030 $ 120,000 $ 120,000 29,776 29,776 23,640 23,640 51 S 19TH ST51 S 19TH ST 4848 100%100% $ 120.90 $ 120.90 $ 451,668 $ 451,668 7.977.97 5/27/20095/27/2009

$ 3,335,000 $ 3,335,000 2323 $ 145,000 $ 145,000 14,992 14,992 22,215 22,215 2090 RADIO AV2090 RADIO AV 4848 17%17% $ 222.45 $ 222.45 $ 311,400 $ 311,400 10.7110.71 8/12/20098/12/2009

$ 2,200,000 $ 2,200,000 2020 $ 110,000 $ 110,000 14,752 14,752 20,368 20,368 521 S WILLARD AV521 S WILLARD AV 5050 100%100% $ 149.13 $ 149.13 $ 231,888 $ 231,888 9.499.49 5/15/20095/15/2009

$ 2,010,000 $ 2,010,000 1717 $ 118,235 $ 118,235 9,189 9,189 8,460 8,460 2242 ANGELA CT2242 ANGELA CT 4444 6%6% $ 218.74 $ 218.74 $ 212,220 $ 212,220 9.479.47 6/15/20096/15/2009

$ 1,350,000 $ 1,350,000 1313 $ 103,846 $ 103,846 8,146 8,146 43,124 43,124 370 S BUENA VISTA AV370 S BUENA VISTA AV 5353 15%15% $ 165.73 $ 165.73 $ 156,732 $ 156,732 8.618.61 11/17/200911/17/2009

$ 1,150,000 $ 1,150,000 1212 $ 95,833 $ 95,833 6,069 6,069 10,032 10,032 520 S WILLARD AV520 S WILLARD AV 5151 0%0% $ 189.49 $ 189.49 $ 123,984 $ 123,984 9.289.28 7/21/20097/21/2009

$ 1,080,000 $ 1,080,000 1010 $ 108,000 $ 108,000 6,054 6,054 9,072 9,072 3225 CADILLAC DR3225 CADILLAC DR 5151 20%20% $ 178.39 $ 178.39 $ 116,160 $ 116,160 9.309.30 9/1/20099/1/2009

$ 1,055,000 $ 1,055,000 88 $ 131,875 $ 131,875 6,580 6,580 10,018 10,018 667 MENKER AV667 MENKER AV 4646 100%100% $ 160.33 $ 160.33 $ 101,700 $ 101,700 10.3710.37 7/24/20097/24/2009

$ 15,780,000 $ 15,780,000 133133 95,558 95,558                        

2008

Average Price Per unitAverage Price Per unit $ 135,787$ 135,787 Average $ /SQFT Average $ /SQFT $ 191$ 191

Average GRM Average GRM 12.1112.11

Sale Price Units $/ Unit Bldg SqFt Lot Size Street Address Age Two's Plus $/ SQFT GSI GRM COE Date

$ 5,400,000 41 $ 131,707 27,696 41,472 68 N JACKSON AV 37 51% $ 194.97 $ 535,824 10.08 8/1/2008

$ 2,760,000 20 $ 138,000 14,953 20,230 2095 RADIO AV 44 40% $ 184.58 $ 227,580 12.13 9/9/2008

$ 2,320,000 20 $ 116,000 12,480 21,780 1445 KERLEY DR 50 40% $ 185.90 $ 176,580 13.1412/31/200

8

$ 1,600,000 12 $ 133,333 8,454 15,682 3013 MAGLIOCCO DR 48 17% $ 189.26 $ 125,760 12.72

11/18/2007

$ 1,509,000 12 $ 125,750 8,508 12,000 2927 MAGLIOCCO DR 49 17% $ 177.36 $ 119,000 12.68 4/25/2008

$ 1,580,000 10 $ 158,000 8,496 10,792 1504 SCOTT ST 49 100% $ 185.97 $ 142,296 11.10 7/9/2008

$ 1,350,000 8 $ 168,750 6,268 12,000 2917 MAGLIOCCO DR 31 75% $ 215.38 $ 102,540 13.17 8/8/2008

$ 1,225,000 9 $ 136,111 6,258 9,072 3176 CADILLAC DR 51 56% $ 195.75 $ 112,008 10.94 6/5/2008

$ 1,300,000 8 $ 162,500 6,158 9,900 223 MERIDIAN AV 51 50% $ 211.11 $ 105,090 12.3711/19/200

8

$ 1,052,500 8 $ 131,563 5,628 7,875 335 WILLOW ST 51 25% $ 187.01 $ 89,940 11.70 7/15/2008

$ 20,096,500 148 104,899                

2007

Sale PriceSale Price UnitsUnits $/ Unit$/ Unit Bldg SqFt Bldg SqFt Lot Size Lot Size Street AddressStreet Address AgeAge Two's Two's PlusPlus $/ SQFT$/ SQFT GSI GSI GRMGRM COE DateCOE Date

$ 10,200,000 $ 10,200,000 8989 $ 114,607 $ 114,607 61,629 61,629 89,734 89,734 2200 CURTNER AV 2200 CURTNER AV 4242 2%2% $ 165.51 $ 165.51 $ 875,820 $ 875,820 11.6511.65 6/12/20076/12/2007

$ 5,050,000 $ 5,050,000 4040 $ 126,250 $ 126,250 34,375 34,375    1489 FRUITDALE AV1489 FRUITDALE AV 4242 70%70% $ 146.91 $ 146.91 $ 538,884 $ 538,884 9.379.37 5/29/20075/29/2007

$ 4,300,000 $ 4,300,000 3030 $ 143,333 $ 143,333 26,356 26,356 35,719 35,719 1600 STOKES ST1600 STOKES ST 3939 67%67% $ 163.15 $ 163.15 $ 339,024 $ 339,024 12.6812.68 7/30/20077/30/2007

$ 3,810,000 $ 3,810,000 3434 $ 112,059 $ 112,059 21,520 21,520 23,522 23,522 1050 S 12TH ST1050 S 12TH ST 4545 71%71% $ 177.04 $ 177.04 $ 415,800 $ 415,800 9.169.16 12/31/200612/31/2006

$ 3,650,000 $ 3,650,000 3030 $ 121,667 $ 121,667 20,557 20,557    439 S 4TH ST439 S 4TH ST 4242 13%13% $ 177.56 $ 177.56 $ 321,600 $ 321,600 11.3511.35 5/31/20075/31/2007

$ 3,400,000 $ 3,400,000 2424 $ 141,667 $ 141,667 16,962 16,962 27,443 27,443 2991 MAGLIOCCO DR2991 MAGLIOCCO DR 4848 17%17% $ 200.45 $ 200.45 $ 274,344 $ 274,344 12.3912.39 12/20/200712/20/2007

$ 3,350,000 $ 3,350,000 2525 $ 134,000 $ 134,000 17,652 17,652    524 S 9TH ST524 S 9TH ST 4444 0%0% $ 189.78 $ 189.78 $ 355,428 $ 355,428 9.439.43 7/30/20077/30/2007

$ 2,684,000 $ 2,684,000 2222 $ 122,000 $ 122,000 11,260 11,260 16,988 16,988 3040 DAVID AV3040 DAVID AV 5050 18%18% $ 238.37 $ 238.37 $ 248,580 $ 248,580 10.8010.80 12/20/200712/20/2007

$ 2,684,000 $ 2,684,000 2222 $ 122,000 $ 122,000 11,260 11,260 16,988 16,988 3068 DAVID AV3068 DAVID AV 5050 18%18% $ 238.37 $ 238.37 $ 247,056 $ 247,056 10.8610.86 12/20/200712/20/2007

$ 2,684,000 $ 2,684,000 2222 $ 122,000 $ 122,000 11,260 11,260 17,424 17,424 3080 DAVID AV3080 DAVID AV 5050 18%18% $ 238.37 $ 238.37 $ 243,516 $ 243,516 11.0211.02 12/20/200712/20/2007

$ 2,555,000 $ 2,555,000 2020 $ 127,750 $ 127,750 12,640 12,640 17,859 17,859 3189 CADILLAC DR3189 CADILLAC DR 4848 40%40% $ 202.14 $ 202.14 $ 244,364 $ 244,364 10.4610.46 3/29/20073/29/2007

$ 2,400,000 $ 2,400,000 2323 $ 104,348 $ 104,348 13,818 13,818 9,583 9,583 460 S 4TH ST460 S 4TH ST 4242 22%22% $ 173.69 $ 173.69 $ 258,000 $ 258,000 9.309.30 1/24/20071/24/2007

$ 2,215,000 $ 2,215,000 1717 $ 130,294 $ 130,294 13,232 13,232 20,037 20,037 2994 VAN SANSUL AV2994 VAN SANSUL AV 4848 59%59% $ 167.40 $ 167.40 $ 200,268 $ 200,268 11.0611.06 10/10/200710/10/2007

$ 2,300,000 $ 2,300,000 1616 $ 143,750 $ 143,750 13,312 13,312 27,878 27,878 984 RAVENSCOURT AV984 RAVENSCOURT AV 4545 100%100% $ 172.78 $ 172.78 $ 231,484 $ 231,484 9.949.94 12/20/200712/20/2007

$ 2,250,000 $ 2,250,000 1616 $ 140,625 $ 140,625 10,304 10,304 17,424 17,424 2856 JOSEPH AV2856 JOSEPH AV 4444 25%25% $ 218.36 $ 218.36 $ 165,600 $ 165,600 13.5913.59 6/27/20076/27/2007

$ 2,200,000 $ 2,200,000 1616 $ 137,500 $ 137,500 11,600 11,600 18,295 18,295 740 RACE ST740 RACE ST 4848    $ 189.66 $ 189.66 $ - $ - 0.000.00 5/24/20075/24/2007

$ 2,080,000 $ 2,080,000 1616 $ 130,000 $ 130,000 9,692 9,692 9,147 9,147 445 S 3RD ST445 S 3RD ST 8181 0%0% $ 214.61 $ 214.61 $ 165,132 $ 165,132 12.6012.60 10/30/200710/30/2007

$ 2,095,000 $ 2,095,000 1616 $ 130,938 $ 130,938 6,525 6,525    255 N 3RD ST255 N 3RD ST 4343 0%0% $ 321.07 $ 321.07 $ 175,440 $ 175,440 11.9411.94 8/7/20078/7/2007

$ 1,385,000 $ 1,385,000 1616 $ 86,563 $ 86,563 10,255 10,255 10,454 10,454 295 E SAN FERNANDO 295 E SAN FERNANDO    7%7% $ 135.06 $ 135.06 $ 167,100 $ 167,100 8.298.29 12/19/200712/19/2007

$ 1,750,000 $ 1,750,000 1414 $ 125,000 $ 125,000 12,408 12,408 18,900 18,900 2952 MAGLIOCCO DR2952 MAGLIOCCO DR 4444 64%64% $ 141.04 $ 141.04 $ 156,598 $ 156,598 11.1811.18 3/5/20073/5/2007

$ 1,765,000 $ 1,765,000 1414 $ 126,071 $ 126,071 10,840 10,840    385 N 26TH ST385 N 26TH ST 4848 100%100% $ 162.82 $ 162.82 $ 165,842 $ 165,842 10.6410.64 8/5/20078/5/2007

2007 Continued

Average Price Per unitAverage Price Per unit $ 127,809 $ 127,809 Average $ /SQFT Average $ /SQFT $ 184$ 184

Average GRM Average GRM 11.8411.84

Sale PriceSale PriceUnitUnit

ss $/ Unit$/ Unit Bldg SqFt Bldg SqFt Lot Size Lot Size Street AddressStreet Address AgeAge Two's Two's PlusPlus $/ SQFT$/ SQFT GSI GSI GRMGRM COE DateCOE Date

$ 1,765,000 $ 1,765,000 1414 $ 126,071 $ 126,071 10,600 10,600    422 N 26TH ST422 N 26TH ST 4848 100%100% $ 166.51 $ 166.51 $ 164,090 $ 164,090 10.7610.76 8/5/20078/5/2007

$ 1,465,000 $ 1,465,000 1212 $ 122,083 $ 122,083 7,176 7,176 12,196 12,196 387 CLIFTON AV387 CLIFTON AV 5151 0%0% $ 204.15 $ 204.15 $ 127,740 $ 127,740 11.4711.47 12/5/200712/5/2007

$ 1,350,000 $ 1,350,000 1010 $ 135,000 $ 135,000 6,958 6,958 13,068 13,068 914 COLLEGE DR914 COLLEGE DR 4646 20%20% $ 194.02 $ 194.02 $ 119,280 $ 119,280 11.3211.32 11/7/200711/7/2007

$ 1,400,000 $ 1,400,000 1010 $ 140,000 $ 140,000 8,496 8,496 10,890 10,890 1504 SCOTT ST1504 SCOTT ST 4848 100%100% $ 164.78 $ 164.78 $ 130,028 $ 130,028 10.7710.77 9/7/20079/7/2007

$ 1,164,000 $ 1,164,000 1010 $ 116,400 $ 116,400 6,054 6,054 8,712 8,712 3233 CADILLAC DR3233 CADILLAC DR 4949 20%20% $ 192.27 $ 192.27 $ 116,250 $ 116,250 10.0110.01 12/20/200712/20/2007

$ 1,175,000 $ 1,175,000 1010 $ 117,500 $ 117,500 6,054 6,054 8,712 8,712 3217 CADILLAC DR3217 CADILLAC DR 4848 20%20% $ 194.09 $ 194.09 $ 96,000 $ 96,000 12.2412.24 4/30/20074/30/2007

$ 1,610,000 $ 1,610,000 99 $ 178,889 $ 178,889 9,008 9,008 17,859 17,859 1135 LUCHESSI DR1135 LUCHESSI DR 2626 100%100% $ 178.73 $ 178.73 $ 127,800 $ 127,800 12.6012.60 6/26/20076/26/2007

$ 1,360,000 $ 1,360,000 88 $ 170,000 $ 170,000 6,612 6,612 13,068 13,068 4064 HAMILTON AV4064 HAMILTON AV 4343 100%100% $ 205.69 $ 205.69 $ 92,820 $ 92,820 14.6514.65 4/5/20074/5/2007

$ 1,350,000 $ 1,350,000 88 $ 168,750 $ 168,750 6,272 6,272 13,068 13,068 704 OPAL DR704 OPAL DR 4747 75%75% $ 215.24 $ 215.24 $ 104,040 $ 104,040 12.9812.98 12/3/200712/3/2007

$ 1,225,000 $ 1,225,000 88 $ 153,125 $ 153,125 6,420 6,420    4230 PAYNE AV4230 PAYNE AV 4343    $ 190.81 $ 190.81 $ 99,807 $ 99,807 12.2712.27 1/5/20071/5/2007

$ 1,225,000 $ 1,225,000 88 $ 153,125 $ 153,125 6,416 6,416    4260 PAYNE AV4260 PAYNE AV 4343    $ 190.93 $ 190.93 $ 96,195 $ 96,195 12.7312.73 1/5/20071/5/2007

$ 1,176,000 $ 1,176,000 88 $ 147,000 $ 147,000 5,408 5,408 10,018 10,018 330 S WILLARD AV330 S WILLARD AV 4848 50%50% $ 217.46 $ 217.46 $ 103,800 $ 103,800 11.3311.33 9/14/20079/14/2007

$ 1,200,000 $ 1,200,000 88 $ 150,000 $ 150,000 5,768 5,768 10,890 10,890 2076 RADIO2076 RADIO 5151 63%63% $ 208.04 $ 208.04 $ 89,796 $ 89,796 13.3613.36 10/12/200710/12/2007

$ 1,175,000 $ 1,175,000 88 $ 146,875 $ 146,875 5,485 5,485 10,018 10,018 3018 VAN SANSUL AV3018 VAN SANSUL AV 4747 38%38% $ 214.22 $ 214.22 $ 86,580 $ 86,580 13.5713.57 9/28/20079/28/2007

$ 1,125,000 $ 1,125,000 88 $ 140,625 $ 140,625 5,152 5,152 8,712 8,712 2842 JOSEPH AV2842 JOSEPH AV 4444 25%25% $ 218.36 $ 218.36 $ 82,920 $ 82,920 13.5713.57 6/27/20076/27/2007

$ 1,030,000 $ 1,030,000 88 $ 128,750 $ 128,750 5,400 5,400 8,712 8,712 1077 EUGENE AV1077 EUGENE AV 4848 25%25% $ 190.74 $ 190.74 $ 78,200 $ 78,200 13.1713.17 6/22/20076/22/2007

$ 925,000 $ 925,000 88 $ 115,625 $ 115,625 5,400 5,400 8,712 8,712 1077 EUGENE AV1077 EUGENE AV 4848 25%25% $ 171.30 $ 171.30 $ 77,955 $ 77,955 11.8711.87 2/28/20072/28/2007

$ 21,720,000 $ 21,720,000 155155    112,679 112,679