OFFERING MEMORANDUM LIST PRICE: $1,799,000 NEW ......LIST PRICE: $1,799,000 5.4% CAP RATE / 13.4 GRM Certificate of Occupancy Issued ... exterior lighting and landscape irrigation

Streetlamp Properties, LLC is a managing partner in this development. All marketing information provided by Citivest Realty Services, BRE #01020312.

MIRROR IMAGE THREE UNIT PROJECT COMING AVAILABLE ON THE SAME BLOCK AT:

5756 FULCHER AVENUE

OFFERING MEMORANDUM

5650 FULCHER AVE, NORTH HOLLYWOOD CA 91601

LIST PRICE: $1,799,000 5.4% CAP RATE / 13.4 GRM

Certificate of Occupancy Issued | Lease Applications in hand!

SETH HAMILTON [email protected]# 01897619STREETLAMPPROPERTIES.COM

NEW CONSTRUCTION THREE UNIT PRIME NOHO ARTS DISTRICT NEIGHBORHOOD

T A B L E O F C O N T E N T S

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T H E O F F E R I N G2 Sample Finishes5 Property overview6 Site 7 Site plans8 Floor Plans10 Aerial Photo

P R O P E R T Y D E TA I L S12 Rent roll/MLSlisted rent comps13 Publicly listed sale comps

T H E N E I G H B O R H O O D15 Area Maps18 Other properties20 Featured Projects24 Contact

S T R E E T L A M P R O P E R T I E S . C O M1

We are pleased to announce the offering of a new construction Green Certified three unit in a trendy North Hollywood Arts District neighborhood! This property has passed final inspections and certificate of occupancy has been issued! It will be delivered vacant and is not subject to rent control. The units have been listed for lease and applications are in hand!

This luxury three unit project offers a detached front house and a rear duplex with town-house style units. There is a total of 11 bedrooms and 8.5 bathrooms. The front house has an attached two car garage and the rear units each have two spaces. All units are finished with high quality materials, private laundry rooms, open floorplans and modern upgraded kitchen appliances. They are equipped with separate meters for water, gas and electriciy as well as a forth common area electric and water meter for servicing exterior lighting and landscape irrigation. Plans include installation of ‘LID’ containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property.

This property is situated in a prime and trendy North Hollywood neighborhood. It is in walking distance to the NoHo Arts District providing shopping, arts, entertainment, dining and nightlife, as well as many local North Hollywood joints. The area is flat and offers bike lanes providng the tenants with an ideal location.

New construction three unit projects such as this are a great find and when available lease at higher rates than competing older properties. Neighborhood rents are strong, bringing a 13.4 GRM and 5.4% Cap rate to the buyer.

The ceritificate of occupancy has been issued and we are anxious to get the property into escrow. The units have lease applications in hand. Please send your offers ASAP!

T H E O F F E R I N G

SAMPLE FINISHESS T R E E T L A M P R O P E R T I E S . C O M2

O P E N F L O O R P L A N S

Q U A L I T Y F I N I S H E S


G R E E N C E R T I F I E D

L O W M A I N T E N A N C E


P R I V AT E L A Y O U T S

L U X U R Y L I V I N G

SAMPLE FINISHESS T R E E T L A M P R O P E R T I E S . C O M

THE PROPERTY: APN: 2337-029-012

# of Units: 3

Year Built: 2017

Building Size (SF): 4,673

Lot Size (SF): 7,000

Zoning: RD1.5-1VL

THE OFFERING: List Price: $1,799,000

GRM: 13.4

Cap Rate: 5.4%

Price per SF: $384.98

Price per Unit: $599,667

AMENITIES: Covered Parking: 2

Uncovered Parking: 4

Laundry: Private Each Unit

Floors: 2

Tenant Meters: (water/gas/electric) 3

Owner/Common Meters: (water/electric) 1

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


S I T E


S I T E P L A N


P L A N Sf i r s t f l o o r p l a n


P L A N Ss e c o n d f l o o r p l a n

A E R I A L V I E W - F U L C H E R A V E N U E

5 7 5 6 5 6 5 0



P R O P E R T Y D E T A I L SSUMMARIZED PRICING METRICS BUILDING DESCRIPTION PROPOSED FINANCING

PRICE: $1,799,000 NO. OF UNITS 3 LOAN AMOUNT $1,205,330DOWN (33%): $593,670 YR. BUILT 2017 INTEREST RATE 3.8%PRO FORMA GRM: 13.4 YR. RENOVATED - MONTHLY PAYMENT $5,616PRO FORMA CAP RATE: 5.4% ZONING RD1.5-1VL LTV 67%$/UNIT: $599,667 LOT SIZE (SQ FT) 7,000 AMORTIZATION (YEARS) 30$/SF: $385 GROSS SF 4,673 DSCR 1.45

ANNUALIZED OPERATING DATA PRO FORMA ANNUALIZED EXPENSES PRO FORMAFIXED EXPENSES

GROSS POTENTIAL RENTAL INCOME $134,400 REAL ESTATE TAXES 1.29% $23,207 GAIN (LOSS)-TO-LEASE $0 INSURANCE .35/SQ FT $1,636GROSS SCHEDULED RENTAL INCOME $134,400 UTILITIES $918 LESS: VACANCY 3% -$4,032EFFECTIVE GROSS INCOME $130,368 CONTROLLABLE EXPENSES LESS: EXPENSES $32,361 CONTRACT SERVICES $350/MO $4,200 MISCELLANEOUS INCOME $0 REPAIRS & MAINTENANCE $400/UNIT $1,200NET OPERATING INCOME $98,007 UNIT TURNOVER $400/UNIT $1,200

DEBT SERVICE -$67,395.88 TOTAL EXPENSES $32,361PRE-TAX CASH FLOW 5.2% $30,611.47 EXPENSES/UNIT $8,090 PRINCIPAL REDUCTION $21,593.34 EXPENSES/SQ FT $6.93TOTAL RETURN 8.79% $52,204.81 % OF EGI 24.8%

P U B L I C LY L I S T E D R E N T A L C O M P S

UNIT # STATUS UNIT TYPE UNIT SIZEPRICE / SQ FT

SCHEDULED GROSS INCOME

# FLOORS / UNIT PARKING LAUNDRY

1 (DETACHED FRONT HOUSE) VACANT 3B/2.5B 1,583 $2.40 $3,800 2 2 ATTACHED PRIVATE2 VACANT 4B/3B 1,545 $2.39 $3,700 2 2 UNCOVERED PRIVATE3 VACANT 4B/3B 1,545 $2.39 $3,700 2 2 UNCOVERED PRIVATE3 VACANT 11B/8.5B 4,673 $2.40 $11,200 2 2 GAR/ 4 UNCOV 3 PRIVATE ROOM

ADDRESS STATUS BED/BATH YR. BUILT UNIT SIZE RENT $/SF LEASE/LIST DATE5031 FAIR AVE LEASED 3B/2B 2016 1,485 $4,030 $2.71 4/27/1711312 HUSTON ST LEASED 3B/2B 2010 1,400 $3,700 $2.64 5/16/1711945 MAGNOLIA BLVD #417 ACTIVE 3B/2.5B 2010 1,543 $4,267 $2.77 5/14/175077 LANKERSHIM BLVD LEASED 2B/2B 2015 1,105 $3,500 $3.17 4/27/1711059 MCCORMICK ST ACTIVE 3B/2B 2006 1,276 $3,675 $2.88 9/18/175440 TUJUNGA AVE LEASED 3B/2B 2006 1,363 $4,035 $2.96 5/2/175251 VINELAND AVE #302 ACTIVE 3B/2B 2015 1,201 $3,688 $3.07 9/18/1710844 HESBY ST LEASED 3B/2B 2016 1,200 $3,400 $2.83COMPARABLE AVERAGE: 2012 1,322 $3,787 $2.88

SUBJECT PROPERTY: VACANT 2017 1,558 $3,733 $2.40


R E N T R O L L

P U B L I C LY L I S T E D S A L E C O M P S

ADDRESS STATUS UNIT COUNT BED/BATH YR. BUILT SQ FT PRICE GRM $/SF SALE/LIST DATE10844 HESBY ST SOLD 3 9B/6B 2016 3,497 $1,500,000 14.04 $428.94 10/5/1611918 VANOWEN ST SOLD 4 14B/10B 2017 6,030 $2,258,888 14.43 $374.61 4/10/1711637 RIVERSIDE DR SOLD 4 8B/4B 1949 3,672 $1,500,000 14.85 $408.50 2/27/1710706 CAMARILLO ST PENDING 4 12B/14B 2017 5,498 $2,450,000 14.08 $445.62 4/27/1710737 HORTENSE ST SOLD 2 3B/4B 1940 1,989 $1,000,000 18.40 $502.77 4/13/16COMP AVERAGE: 1993 4,348 $1,826,481 14.87 $429.52

SUBJECT PROPERTY: VACANT 3 11B/8.5B 2017 4,673 $1,799,000 13.39 $384.98

COMP $/SQ FT $429.52SUBJECT SQ FT 4,673SUGGESTED VALUE $2,007,126

COMP GRM 14.87SUBJECT GROSS POTENTIAL RENT $138,000SUGGESTED VALUE $2,051,484



T H E N E I G H B O R H O O D

D E M O G R A P H I C SW A L K S C O R EW A L K 7 8 %

B I K E 6 6 %

T R A N S I T 6 2 %

A F R I C A N A M E R I C A N 7 , 2 5 9A S I A N O R P A C I F I C I S L A N D E R 1 1 , 7 0 0I N D I A N 8 1 1M I X E D R A C E S 1 . 9 7 2W H I T E 4 4 , 1 0 0H I S P A N I C 9 1 , 7 0 0

L O C A L FA V O R I T E S

R o d i n i P a r k G r e e k . 8 m i l e s

T h e F e d e r a l B a r. 6 m i l e s

H a y a t ’ s K i t c h e n. 1 m i l e s

N o H o A r t s D i s t r i c t . 8 m i l e s


A R E A AT T R A C T I O N S NoHo Area Map

NoHo Area Attractions

NoHo Arts District

Porto's Bakery & Cafe

Bob's Big Boy

NoHo Metro Station

UrbanizeLA Development

Universal Studios Hollywood

Hollywood Sign

The Walt Disney Studios

Griffith Observatory

Bob Hope Airport

NoHo Arts District Walking Map

Television Academy

Lankershim Arts Center

Theatre 68

The Federal Bar

Ralphs

TEAPOP

Republic Of Pie

NoBAR

Los Burritos Inc

Circus Liquor

5650 N Fulcher Ave

5650 Fulcher Ave

NoHo Area Map

NoHo Arts District Walking Map

Lankershim Arts Center

Theatre 68

The Federal Bar


Ralphs

TEAPOP

Republic Of Pie

Los Burritos Inc

Circus Liquor

5650 N Fulcher Ave

5650 Fulcher Ave

Directions from 5650 Fulcher Aveto Los Burritos Inc

5650 Fulcher Ave

Circus Liquor


Ralphs

Theatre 68

NoHo Arts District

The Federal Bar

NoHo Metro Station

Los Burritos Inc


W A L K I N G M A P - N O H O A R T S D I S T R I C T

S T R E E T L A M P R O P E R T I E S . C O M17 S T R E E T L A M P R O P E R T I E S . C O M

S T R E E T L A M P R O P E R T I E S . C O M

5756 FULCHER AVE, NORTH HOLLYWOOD 91601

COMPLETED PROJECT, COFO IN HAND; LIST PRICE $1,825,000; 3 UNITS - 11B/8.5B (1X 3B/2.5B, 2X 4B/3B); TOTAL SQ FT 4,673, LOT SF 6,999, ANNUAL GROSS RENTS $138,000. MIRROR IMAGE TO 5650 FULCHER. LOCATED JUST 1 MILE FROM THE NOHO ARTS DISTRICT, VALLEY VILLAGE AND TOLUCA WOODS. | ACTIVE

5313 RIVERTON AVE, NORTH HOLLYWOOD 91601

NOVEMBER 2017; PRICE RANGE $2,499,000-$2,699,000; 4 UNITS - 12B/11B (2X 3B/2.5B, 2X 3B/3B); TOTAL SQ FT 5,554, LOT SF 5,400, ANNUAL GROSS RENTS $173,400. LOCATED LESS THAN 1 MILE FROM THE TRENDY NOHO ARTS DISTRICT, WITH SHOPPING, ARTS, ENTERTAINMENT, DINING AND NIGHTLIFE. | UNDER CONTRACT

6413 LEXINGTON AVE, HOLLYWOOD 90038

WINTER 2017; PRICE RANGE $2,999,000 - $3,299,000; 4 UNITS - 11B/12.5 (1X 2B/2.5B, 1X 3B/3B, 2X 3B/3.5B); TOTAL SQ FT 6,106, LOT SF 6,925; GROSS RENTS TBD. FOUR TOWNHOUSE STYLE UNITS WITH SPACIOUS OPEN FLOORPLANS. CENTRALLY LOCATED IN PRIME HOLLYWOOD NEIGHBORHOOD. | PREMARKET - ACCEPTING OFFERS

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O T H E R P R O P E R T I E S


3400 LONDON ST, SILVER LAKE 90026

WINTER 2017; PRICE TBD; 4 UNITS - 12B/14B (4X 3B/3.5B); TOTAL SQ FT 6,066, LOT SF 4,768, GROSS RENTS TBD. PROPERTY BOASTS FOUR TOWNHOUSE STYLE UNITS. CENTRALLY LOCATED BETWEEN SILVER LAKE, ECHO PARK AND JUST MINUTES FROM KOREATOWN. | PREMARKET - ACCEPTING OFFERS

146 ROSEMONT AVE,LOS ANGELES 90026

SPRING 2018; PRICE TBD; 6 UNITS - 17B/14B (1X 2B/1.5B, 2X 3B/2B, 3X 3B/2.5B); TOTAL SQ FT 6,961, LOT SF 7,521; GROSS RENTS TBD. SIX UNITS OF MIXED SIZES WITH ON-SITE PARKING. GREAT LOCATION WITH EASY FREEWAY ACCESS, CLOSE TO KOREATOWN, DODGER STADIUM AND ECHO PARK.| PREMARKET - ACCEPTING OFFERS

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O T H E R P R O P E R T I E S


5756 Fulcher is ideally located in a trendy North Hollywood Arts District neighborhood.This project boasts a 78 walk score with shopping, daily errands, dining and nightlife all within walking distance. It is less than 1 mile from the NoHo Arts District and Valley Village. It is also in close proximity to public transportation, and major freeways making it easy and convenient for daily commuting. This luxury, green certified three unit project offers 11 bedrooms and 8.5 bathrooms in one detached front house and a rear duplex. Plans include installation of ‘LID’ containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Project is completed and CofO has been issued!

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# of Units: 3

Year Built: 2017



Zoning: RD1.5-1VL

THE OFFERING: List Price: $1,825,000

GRM: 13.6

Cap Rate: 5.4%

Price per SF: $391





Floors: 2



NORTH HOLLYWOOD NEW CONSTRUCTION THREE UNIT

5756 FULCHER AVE, NORTH HOLLYWOOD 91601

L I S T P R I C E : $1,825,000

Turn key | No rent control | High cash flow

5.4% CAP RATE / 13.6 GRM

2020

F E AT U R E D P R O J E C T


6413 West Lexington Avenue is centrally located in a prime Hollywood neighborhood. This property is a walker’s dream with a 91 walk score. All your daily errands, dining, nightlife and shopping are within walking distance. Bike lanes and flat ground bring a 78 bike score making it safe to travel the area. It is also in close proximity to public transportation, and major freeways providing easy and convenient accessibility for daily commuting. This high-end, spacious project has four townhouse style units each with three beds, three and half baths and a two car garage. Plans include installation of ‘LID’ containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Construction is anticipated to be completed Winter 2017.

NTHE PROPERTY: APN: 5533-004-013

# of Units: 4

Year Built: 2017



Zoning: RD1.5-1XL

THE OFFERING: Price Range: $2,999,000 - $3,299,000

GRM: 15.1

Cap Rate: 4.8%






Floors: 3



NEW CONSTRUCTION FOURPLEX

P R I C E R A N G E :

$2,999,000 - $3,299,000



2121

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3400 West London Street is ideally located in a prime Silver Lake neighborhood. This property is very walkable with daily shopping, nightlife, arts and entertainment all in walking distance. It is in close proximity to major freeways providing easy commuting. It is just minutes from the popular Sunset Junction, downtown Hollywood and West Hollywood, as well as Griffith Park and the Hollywood Hills. This spacious, luxurious new construction building has four townhouse style units each with three beds, three and half baths and a two car garage. Plans include installation of ‘LID’ containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Construction is anticipated to be completed Winter 2017.

N


# of Units: 4

Year Built: 2017



Zoning: RD1.5-1VL


GRM: 14.9

Cap Rate: 4.9%






Floors: 3




P R I C E R A N G E : $2,949,000 - $3,249,000



2222

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636 North Parkman Avenue is centrally located in a trendy Silver Lake neighborhood. This property is in a good location with a 71 walk score with plenty of shopping,dining and nightlife in walking distance. It is also in close proximity to major freeways and public transportation allowing for ease of access in commute and area exploration. This project is ideally located in the mix of all prime Hollywood neighborhoods and areas, providing a mix of entertainment. This luxury, well layed out project has four townhouse style units each with three beds, three and half baths and a two car garage. Plans include installation of ‘LID’ containers for rain runoff capturing, drought tolerant landscaping and energy efficient appliances and fixtures presenting the buyer with a low maintenance green certified property. Construction is anticipated to be completed Winter 2017.

NTHE PROPERTY: APN: 5401-026-017

# of Units: 4

Year Built: 2017



Zoning: RD1.5-1VL


GRM: 14.7

Cap Rate: 5.0%






Floors: 3




P R I C E R A N G E :

$3,199,000 - $3,399,000



2323

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C O N T A C T I N F O

P L E A S E V I S I T :S T R E E T L A M P R O P E R T I E S . C O MF O R M O R E I N F O R M AT I O N O N O U R U P C O M I N G P R O P E R T I E S .

I n f o r m a t i o n P r o v i d e d b y : S e t h H a m i l t o n , B R E # 0 1 8 9 7 6 1 9C i t i v e s t R e a l t y S e r v i c e s , B R E # 0 1 8 7 5 8 2 3

2 . 5 % C o o p e r a t i n g B r o k e r C o m p e n s a t i o n

T h e i n f o r m a t i o n c o n t a i n e d h e r e i n i s n o t a s u b s t i t u t e f o r a t h o r o u g h i n d e p e n d e n t d u e d i l i g e n c e i n v e s t i g a t i o n . O w n e r / D e v e l o p e r /A g e n t a r e n o t q u a l i f i e d t o d i s c u s s o r a d v i s e o n l e g a l , a c c o u n t i n g , o r o t h e r m a t t e r s o u t s i d e o f t h o s e p e r m i t t e d b y s t a t e l a w. O w n e r / D e v e l o p e r / A g e n t h a v e n o t m a d e a n y i n v e s t i g a t i o n , a n d m a k e s n o w a r r a n t y o r r e p r e s e n t a t i o n , w i t h r e s p e c t t o t h e i n c o m e o r e x p e n s e s f o r t h e s u b j e c t p r o p e r t y , t h e f u t u r e p r o j e c t e d f i n a n c i a l p e r f o r m a n c e o f t h e p r o p e r t y .

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Documents

OFFERING MEMORANDUM LIST PRICE: $1,799,000 NEW ......LIST PRICE: $1,799,000 5.4% CAP RATE / 13.4 GRM Certificate of Occupancy Issued ... exterior lighting and landscape irrigation