1139LODI PLACE.

LOSANGELES, CA 90038

THE LIBEROW GROUP

NON-ENDORSEMENT AND DISCLAIMER NOTICEThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of 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 and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SAM LIBEROWFirst Vice President InvestmentsDirector, National Multi Housing Group 16830 Ventura Blvd. Suite 100Encino, CA 91436(818) 212-2795 Direct (818) 698-6464 Fax Sam.Liberow@marcusmillichap.com License: CA 01933858

EXCLUSIVELY LISTED BY:

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TABLE OF CONTENTS

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Executive Summary

Investment Highlights

Property Overview

Financial Analysis

Comparables

Area Overview

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Marcus & Millichap is pleased to present 1139 Lodi Pl, a Spanish style, 4-unit apartment building located in the heart of Hollywood. The subject property is a two-story building, offering 3,608 of rentable SF and is situated on a 6,765 SF lot.

The property, built in 1922, features four very large units consisting of all one bedroom/one bathroom apartments which average to about +/- 902 SF each. Three of the units have been beautifully remodeled with modern kitchens and bathrooms, stainless steel appliances, & hardwood floors throughout. The building also provides its tenants with four enclosed garages for parking and/or storage and a large rear patio area as a resident amenity.

Located just north of Santa Monica Blvd and west of Gower St, Lodi Pl has a walkscore of 90 making it a Walkers Paradise. Walking distance to shopping, grocery stores, and dining venues makes it convenient for tenants to complete their daily errands by foot.

1139 Lodi Pl is a very attractive building offering a great opportunity to increase rental income by turning over the last unrenovated unit.

EXECUTIVE SUMMARY

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PROPERTY OVERVIEW

PROPERTY OVERVIEW

Property Address 1139 Lodi Place.

Building SF 3,608 SF

Lot Size 6,765 SF

Units 4

APN 5534-007-001

Year Built 1922

Zoning LARD1.5 FINANCIAL OVERVIEW

Sales Price $1,650,000

CAP Rate 3.79%

GRM 16.91

Price/Unit $412,500

Price/SF $457.32

ProForma CAP Rate 4.81%

ProForma GRM 14.35

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• Located in the Heart of Hollywood

• Three Units Have Been Extensively Renovated

• All Large and Spacious Units Averaging +/- 902 Square Feet Each

• Large Backyard Patio Area

• Interiors Feature In-Unit Washers & Dryers

• Four Enclosed Garages and/or Storage Spaces

• Within Close Proximity to Schools, Grocery Stores, Restaurants, Shopping, & Major Studios

• Excellent Schools: 8.5/10 School Rating Within a 2-Mile Radius According to Greatschools.org

• Walkscore of 90; Walkers Paradise

INVESTMENT HIGHLIGHTS

GREAT WALKABILIT Y WALK SCORE OF 90 - WALKING

DISTANCE TO RESTAURANTS, GROCERY STORES, AND RECREATIONAL CENTERS

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INVESTMENT HIGHLIGHTS

DEMOGRAPHICS

$64,209 $81,253 1,043,4435-Mile RadiusAverage Household Income

1-Mile RadiusAverage Household Income

5-Mile Radius Population

WALKSCORE90/100

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MA JOR EMPLOYERS

Employers Number of Employees

Kaiser Permanente 5,530

Paramount Pictures 5,000

Children’s Hospital of LA 3,800

Universal Studios, Inc 3,800

Sunset Gower Studios 3,000

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WHYBUY

PROXIMIT Y TO AMENITIES

Shopping• Larchmont Village• Melrose Avenue• Hollywood / Highland

Fitness • Gold’s Gym• Wild Card Boxing• Hollywood Boulders

Groceries• Pavilions• Sprouts Market• Smart & Final

MA JOR EMPLOYERS IN THE IMMEDIATE AREA

• Sunset Gower Studios• Kaiser Permanente• Sony Bronson Studios• Hollywood DMV

WHY BUY 1139 LODI PLACE?

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PROXIMIT Y TO AMENITIES PRIDE OF OWNERSHIPPROXIMIT Y TO HOLLY WOOD BLVD

Upscale ShoppingHigh-End RestaurantsWalk of FameCelebrity StarsCelebrity Homes

VALUE-ADD OPPORTUNIT Y

Tremendous Upside in Rental Income Through Renovations

HIGH-END DEMOGRAPHICS

Average HH income of $64,209 within a 1-mile radius

Located in Prime Hollywood

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THE OFFERING

Property 1139 Lodi PlacePrice $1,650,000Assessors Parcel Number 5534-007-001Zoning LARD1.5

SITE DESCRIPTION

Number of Units 4Number of Buildings 1Number of Stories 2Year Built/Renovated 1922Rentable Square Feet 3,608 SFLot Size 6,765 SFType of Ownership Fee SimpleParking 4 Enclosed Garages

UTILITIES

Water Landlord PaysElectric Tenant PaysGas Tenant Pays

CONSTRUCTION

Foundation SlabFraming Wood FrameExterior StuccoRoof Flat

BUILDING INFORMATION

PLAT MAP

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BUILDING INFORMATION

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AERIAL

P & J LIQUOR

LOUNGETHEATRE

PARAMOUNTRECORDING

RAO’SRESTAURANT

PARK LA BREARESTAURANT

ROW

THEGROVE

SANTA MONICA BLVD

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HOLLYWOODRECREATION

CENTURY CITYLEXIN

GTO

N AVE

WILD CARDBOXING

1139 LODI PLACE.

DOLLARTREE

GOLD’SGYM

MOBIL GAS

SUNSET PLAZA

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EXTERIOR PROPERTY PHOTOS

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INTERIOR PROPERTY PHOTOS

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UNIT NO UNIT TYPE CURRENT RENT MARKET RENT MOVE-IN DATES

1139 1+1 $1,692 $2,395 11/25/20151141 1+1 $1,971 $2,395 7/1/20181143 1+1 $2,395 $2,395 5/1/20191145 1+1 $2,075 $2,395 6/1/2017

Total 4 $8,133 $9,580

RENT ROLL

FINANCIALS

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NO OF UNITS UNIT TYPE

4 1+1

4 Total Units

CURRENT RENTS MARKET RENTS

NO. OF UNITS BR/BA MO. RENT/UNIT MO. INCOME MO. RENT/UNIT MO. INCOME

4 1+1 $1,692 - $2,395 $8,133 $2,395 $9,580

Total Scheduled Rent: $8,133 $9,580Laundry: $0 $0Other Income: RUBS $0 $0Monthly Scheduled Gross Income: $8,133 $9,580Annual Scheduled Gross Income: $97,596 $114,960

SCHEDULED INCOME

UNIT MIX

FINANCIALS

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FINANCIALS

Notes: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. Reference to square footage or age are approximate. Buyer must verify information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

PRICING

Sales Price $1,650,000

Price/Unit $412,500

Price/SF $457.32

CAP Rate 3.79%

ProForma CAP Rate 4.81%

GRM 16.91

ProForma GRM 14.35

Cash-on-Cash 3.79%

PRICING

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EXPENSES % ANNUAL PER SF PER UNIT

Real Estate Taxes $19,376 $5.37 $4,844Insurance $1,443 $0.40 $361Utilities $4,080 $1.13 $1,020Maintenance & Repairs $3,787 $1.05 $946Trash $1,200 $0.33 $300Reserves $1,000 $0.28 $250Landscape $1,200 $0.33 $300

Total $32,086 $8.89 $8,021

INCOME AND EXPENSE % CURRENT RENTS % MARKET RENTS

Scheduled Gross Income: $97,596 $114,960Vacancy/ Bad Debt: 3% $2,928 3% $3,449Gross Operating Income: $94,668 $111,511Less Expenses: 33% $32,086 28% $32,086Net Operating Income: $62,583 $79,426Less Loan Payments: $0 $0Pre-Tax Cash Flow: 3.79% $62,583 4.81% $79,426Plus Principal Reduction Yr 1: $0 $0Total Return Before Taxes: 3.79% $62,583 4.81% $79,426

ANNUALIZED OPERATING DATA

FINANCIALS

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SALES COMPARABLES

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SUBJEC T PROPERT Y

ADDRESS 1139 LODI PL.

Sales Price $1,650,000Price/Unit $412,500Price/SF $457.32CAP Rate 3.79%GRM 16.91No. of Units 4Year Built 1922

ADDRESS 1221 N BRONSON AVE.

Close of Escrow 6/7/2019Sales Price $1,564,000Price/Unit $391,000Price/SF $441.56CAP Rate 4.71%GRM 14.81No. of Units 4Year Built 1921

ADDRESS 912 N RIDGEWOOD PL.

Close of Escrow 7/5/2019Sales Price $1,680,000Price/Unit $420,000Price/SF $436.48CAP Rate 4.03%GRM 22.22No. of Units 4Year Built 1993

SALES COMPARABLES

1 2

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ADDRESS 823 N JUNE ST.

Close of Escrow 7/5/2019Sales Price $1,590,000Price/Unit $397,500Price/SF $581.57CAP Rate 3.33%GRM 19.57No. of Units 4Year Built 1955

ADDRESS 6003 BARTON AVE.

Close of Escrow 6/26/2019Sales Price $2,250,000Price/Unit $592,500Price/SF $527.92CAP Rate 4.90%GRM 15.12No. of Units 4Year Built 2018

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SALES COMPARABLES

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SALES COMPARABLES

CAP RATE

5.0

4.5

4.0

3.5

3.0

2.5

2.0

1.5

1.0

0.5

0.0

AVG. 4.24%

1139 LODI PL 1221 N BRONSON AVE

912 N RIDGEWOOD

PL

823 N JUNE ST

6003 BARTON AVE

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SALES COMPARABLES

GRM

AVG. 17.9324.00

21.60

19.20

16.80

14.40

12.00

9.60

7.20

4.80

2.40

0.00 1139 LODI PL 1221 N

BRONSON AVE912 N

RIDGEWOOD PL

823 N JUNE ST

6003 BARTON AVE

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SALES COMPARABLES

PRICE/SF

AVG. $496.88$600.00

$540.00

$480.00

$420.00

$360.00

$300.00

$240.00

$180.00

$120.00

$60.00

$0.00

1139 LODI PL 1221 N BRONSON AVE

912 N RIDGEWOOD

PL

823 N JUNE ST

6003 BARTON AVE

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SALES COMPARABLES

PRICE/UNITAVG. $442,750$600,000

$540,000

$480,000

$420,000

$360,000

$300,000

$240,000

$180,000

$120,000

$60,000

$0

1139 LODI PL 1221 N BRONSON AVE

912 N RIDGEWOOD

PL

823 N JUNE ST

6003 BARTON AVE

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RENT COMPARABLES

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UNIT TYPE UNITS RENT

1+1 4 $1,692 - $2,395

Total 4Year Built 1922

UNIT TYPE UNITS RENT

1+1 1 $2,385

Total 1Year Built 1920

ADDRESS 1139 LODI PL. ADDRESS 1238 LODI PL.

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RENT COMPARABLES

1 BEDROOM

$3,000

$2,700

$2,400

$2,100

$1,800

$1,500

$1,200

$900

$600

$300

$0

1139 LODI PL 1238 LODI PL

AVG. $2,385

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AREA OVERVIEW

HOLLY WOOD BLVD

The city of Hollywood is among the most densely populated neighborhoods in all of Los Angeles, due to its numerous amenities and its close proximity to many employers. Because of its history and attractions like Walk of Fame and the Dolbe Theatre, Hollywood has always been the main attraction for tourists and now, home to many major entertainment companies like Netflix and CBS TV City. It is famous as the historical center of movie studios and move stars.

Hollywood Boulevard is a Los Angeles cultural icon, with museums, landmarks and other attractions that celebrate L.A’s rich film and entertainment heritage. You can see handprints and footprints of the stars at the TCL Chinese Theatre, which is said to be one of the greatest theatres in the world, see the stars on the Hollywood Walk of Fame, or visit the famous celebrity Hollywood Wax Museum. You can definitely find a day’s work of activities that will give you the true experience of Hollywood and all it has to offer.

If you want great shopping, dining and entertainment, visit Hollywood & Highland, which is in the heart of all the attractions and home to Dolby Theatre. This complex has more than 70 retailers, more than 25 dining options, and a great nightlife, including a bowling alley called Lucky Strike and OHM nightclub. They also have a family friendly arcade center located within the structure called Dave and Busters. Hollywood & Highland also has Metro Rail Red Line station underneath it, as well as parking making it easy and affordable to visit from all places in Los Angeles.

POINTS OF INTEREST

KODAK THEATRE

TCL CHINESE THEATRE

SUNSET STRIP

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$64,209 $81,2535-Mile RadiusAverage Household Income

1-Mile RadiusAverage Household Income

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AREA OVERVIEW

MAJOR AMENITIES

Gold’s Gym 0.5 Miles

Pavilions 0.8 Miles

Hollywood DMV 0.9 Miles

Smart & Final 1.1 Miles

Larchmont Village 1.4 Miles

Sprouts Market 1.5 Miles

Kaiser Permanente 2.1 Miles

Hollywood/Highland 2.3 Miles

NEARBY HOSPITALS

Southern CA Hospital 0.4 Miles

Hollywood Urgent Care 0.7 Miles

Kaiser Permanente 2.1 Miles

Children’s Hospital 2.4 Miles

NEARBY SCHOOLS

Joseph Le Conte Middle School 0.5 Miles

Happy Birch Preschool 0.6 Miles

Hollywood High School 1.5 Miles

LA City College 1.8 Miles

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AREA OVERVIEW

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Population:

2024 Projection 68,191 476,249 1,061,853

2019 Estimate 65,504 468,095 1,043,443

Growth 2010-2019 23.14% 6.54% 6.68%

Households:

2024 Projection 31,418 214,541 437,568

2019 Estimate 30,044 211,045 430,149

Growth 2010 - 2019 27.00% 5.96% 6.38%

Owner Occupied 3,073 34,564 89,494

Renter Occupied 26,972 176,482 340,655

2019 Avg Household Income $64,209 $79,945 $81,253

2019 Med Household Income $41,472 $51,625 $51,915

2019 Households by Household Inc:

<$25,000 10,475 55,495 117,547

$25,000 - $50,000 6,474 47,739 92,206

$50,000 - $75,000 5,096 33,388 64,293

$75,000 - $100,000 2,666 22,184 45,029

$100,000 - $125,000 1,603 14,711 30,478

$125,000 - $150,000 941 8,611 18,560

$150,000 - $200,000 1,199 11,045 23,760

$200,000+ 1,589 17,873 38,279

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SAM LIBEROWFirst Vice President Investments

Director, Ntnl Multi Housing Group 16830 Ventura Blvd. Suite 100

Encino, CA 91436(818) 212-2795 Direct

(818) 698-6464 Fax Sam.Liberow@marcusmillichap.com

License: CA 01933858

THE LIBEROW GROUP