739 N Mariposa

739 N MariposaLos Angeles, CA 90029

OFFERING MEMORANDUM

Skyler HynesRealtor(310) 800-5111Lic: 01917448skyler@skylerhynes.com

739 N MariposaCONTENTS

Exclusively Marketed by:

Skyler HynesRealtorLic: 01917448(310) 800-5111skyler@skylerhynes.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary 4 Unit Mix Summary 5 Location Summary 6

02 Property Description Property Features 8 Aerial Map 9 Common Amenities 10 Property Images 11

03 Sale Comps Sale Comparables 13 Sale Comparables Summary 15 Sale Comparables Charts 16 Sale Comparables Map 17

04 Rent Roll Rent Roll 19

05 Financial Analysis Income & Expense Analysis 21 Multiyear Cash Flow Assumptions 22 Cash Flow Analysis 23 Disposition Sensitivity Analysis 25 _10 Year Proforma - 739 Mariposa - Sheet1 26

06 Demographics Demographic Charts 28 Advisor Profile 30

739 N M

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Executive Summary

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Investment Summary

Unit Mix Summary

Location Summary

739 N Mariposa Investment Summary | 04

OFFERING SUMMARYADDRESS 739 N Mariposa

Los Angeles CA 90029COUNTY Los AngelesBUILDING SF 7,000 SFLAND SF 11,000NUMBER OF UNITS 5YEAR BUILT 2020OWNERSHIP TYPE Other

FINANCIAL SUMMARYOFFERING PRICE $3,595,000PRICE PSF $513.57PRICE PER UNIT $719,000OCCUPANCY 97.00 %NOI (CURRENT) $207,860NOI (Pro Forma) $207,860CAP RATE (CURRENT) 5.78 %CAP RATE (Pro Forma) 5.78 %GRM (CURRENT) 13.31GRM (Pro Forma) 13.31

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2020 Population 91,348 568,323 1,119,1982020 Median HH Income $39,375 $47,516 $52,0382020 Average HH Income $56,739 $76,207 $83,117

Investment Summary• 1031 X-Change Perfection. Brand New 2020 Construction!

Stunning Contemporary green-certified luxury Five-plex ideallylocated minutes away from from the heart of DTLA, Silver Lake andHollywood. Five townhouse-style homes; each 3-story with private2 car garages.

Meticulously designed with open floor plans, modern kitchens w/high-end stainless steel appliances, white quartz countertops, gasranges and dining island. Natural light pours in from huge floor toceiling windows. All units have 3 bedrooms/3 baths with onebedroom designed as flex-room on living floor. Luxe bathrooms w/custom tiles & finishes.

Stackable washer+dryers in each unit and central air. Entireproperty is gated with controlled access security fencing andcameras. Equipped with separate meters for water, gas andelectricity as well as a fifth owners meters for exterior electric andirrigation landscape irrigation.

Certificate of Occupancy expected Mid-Nov

Mariposa SF Bed Bath 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20302020

ESTIMATED PURCHASE PRICE $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00 $3,595,000.00Expenses:Property Tax $43,140.00 $44,937.50 $44,937.50 $44,937.50 $44,937.50 $44,937.50 $44,937.50 $44,937.50 $44,937.50 $44,937.50 $44,937.50Insurance $4,000.00 $4,160.00 $4,326.40 $4,499.46 $4,679.43 $4,866.61 $5,061.28 $5,263.73 $5,474.28 $5,693.25 $5,920.98Maintenance $2,000.00 $2,080.00 $2,163.20 $2,249.73 $2,339.72 $2,433.31 $4,097.33 $4,261.23 $4,431.67 $4,608.94 $4,793.30Vacancy $8,100.00 $8,424.00 $8,760.96 $9,111.40 $9,475.85 $9,854.89 $10,249.08 $10,659.05 $11,085.41 $11,528.83 $11,989.98Owners Water/Electric $2,500.00 $2,600.00 $2,704.00 $2,812.16 $2,924.65 $3,041.63 $3,163.30 $3,289.83 $3,421.42 $3,558.28 $3,700.61Gardner $2,500.00 $2,600.00 $2,704.00 $2,812.16 $2,924.65 $3,041.63 $3,163.30 $3,289.83 $3,421.42 $3,558.28 $3,700.61

Total Expenses $62,240.00 $64,801.50 $65,596.06 $66,422.40 $67,281.80 $68,175.57 $70,671.79 $71,701.16 $72,771.71 $73,885.07 $75,042.98Units SF Bed Bath

737 1500 3 3 $4,500.00 $4,680.00 $4,867.20 $5,061.89 $5,264.36 $5,474.94 $5,693.94 $5,921.69 $6,158.56 $6,404.90 $6,661.10739 1500 3 3 $4,500.00 $4,680.00 $4,867.20 $5,061.89 $5,264.36 $5,474.94 $5,693.94 $5,921.69 $6,158.56 $6,404.90 $6,661.10

739 1/2 1500 3 3 $4,500.00 $4,680.00 $4,867.20 $5,061.89 $5,264.36 $5,474.94 $5,693.94 $5,921.69 $6,158.56 $6,404.90 $6,661.10741 1500 3 3 $4,500.00 $4,680.00 $4,867.20 $5,061.89 $5,264.36 $5,474.94 $5,693.94 $5,921.69 $6,158.56 $6,404.90 $6,661.10

741 1/2 1500 3 3 $4,500.00 $4,680.00 $4,867.20 $5,061.89 $5,264.36 $5,474.94 $5,693.94 $5,921.69 $6,158.56 $6,404.90 $6,661.10

Gross Monthly $22,500.00 $23,400.00 $24,336.00 $25,309.44 $26,321.82 $27,374.69 $28,469.68 $29,608.47 $30,792.80 $32,024.52 $33,305.50Gross Annual $270,000.00 $280,800.00 $292,032.00 $303,713.28 $315,861.81 $328,496.28 $341,636.13 $355,301.58 $369,513.64 $384,294.19 $399,665.96NOI after expense $207,760.00 $215,998.50 $226,435.94 $237,290.88 $248,580.01 $260,320.71 $270,964.35 $283,600.42 $296,741.94 $310,409.12 $324,622.98

CAP 5.8% 6.0% 6.3% 6.6% 6.9% 7.2% 7.5% 7.9% 8.3% 9% 9%GRM 13.31481481 12.80270655 12.31029476 11.83682189 11.38155951 10.94380722 10.52289156 10.11816496 9.729004767 9.354812276 8.995011803

739 N Mariposa _10 Year Proforma - 739 Mariposa - Sheet1 | 26

739 N Mariposa Location Summary | 06

Hollywood Area• Freeway Close• Minutes From Central Hollywood, Downtown and Silverlake• Easy Access To Downtown• Nearby Melrose Hills• Close to Studios Mid-City• Minutes From Larchmont Village• Easy Access To Los Angeles City College• Sunset/Gower Studios, Netflix, CNN, Paramount Nearby• 1031 X-Change Perfection. Brand New 2020 Construction!

Stunning Contemporary green-certified luxury Five-plex ideallylocated minutes away from from the heart of DTLA, Silver Lake andHollywood. Five townhouse-style homes; each 3-story with private2 car garages.

Meticulously designed with open floor plans, modern kitchens w/high-end stainless steel appliances, white quartz countertops, gasranges and dining island. Natural light pours in from huge floor toceiling windows. All units have 3 bedrooms/3 baths with onebedroom designed as flex-room on living floor. Luxe bathrooms w/custom tiles & finishes.

Stackable washer+dryers in each unit and central air. Entireproperty is gated with controlled access security fencing andcameras. Equipped with separate meters for water, gas andelectricity as well as a fifth owners meters for exterior electric andirrigation landscape irrigation.

Project currently in final phases of construction. Available for hard-hat tour or drive-by.

Locator Map

739 N M

ariposa | Property Description

Property Description

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Property Features

Aerial Map

Parcel Map

Additional Maps

Amenities

Pictures with Captions

739 N Mariposa Property Features | 08

PROPERTY FEATURESNUMBER OF UNITS 5BUILDING SF 7,000LAND SF 8,400YEAR BUILT 2020# OF PARCELS 1ZONING TYPE R1.5NUMBER OF STORIES 4NUMBER OF BUILDINGS 3NUMBER OF PARKING SPACES 10WASHER/DRYER Yes

MECHANICALHVAC New CostructionFIRE SPRINKLERS New Construction

UTILITIESWATER 5 Tenant Meters + Owners Meter

CONSTRUCTIONPARKING SURFACE ConcreteLANDSCAPING Trees, Pavers and Greenspace

739 N Mariposa Aerial Map | 09

739 N M

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mon A

rea Am

enities

739 N Mariposa Property Images | 11

Contemporary Showers With Matte BlackFixtures

2 Master Suites + 3rd Bedroom/Flex Room onLiving Floor

Spacious Bedroom With Light and Large Closets

739 N M

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Sale Comps

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Sale Comparables

Sale Comparables Summary

Sale Comparables Charts

Sale Comparables Map

739 N Mariposa Sale Comparables | 13

1

644 N Harvard Blvd644 N Harvard BlvdLos Angeles, CA 90004

YEAR BUILT 2020

SALE PRICE $3,488,000

PRICE/SF $470.78

BUILDING SF 7,409

CLOSING DATE 7/6/2020

DAYS ON MARKET 1

DISTANCE 0.6 miles

DOM Range 1 - 20

LOW HIGH

2

407 N Norton407 N NortonLos Angeles, CA 90004

YEAR BUILT 2020

SALE PRICE $2,750,000

PRICE/SF $572.92

BUILDING SF 4,800

CLOSING DATE 3/13/2020

DAYS ON MARKET 20

DISTANCE 1.6 miles

DOM Range 1 - 20

LOW HIGH

739 N Mariposa Sale Comparables | 14

S

739 N Mariposa739 N MariposaLos Angeles, CA 90029

TOTAL UNITS 5

YEAR BUILT 2020

ASKING PRICE $3,595,000

PRICE/UNIT $719,000

PRICE/SF $513.57

CAP RATE 5.78 %

GRM 13.31

OCCUPANCY 97.00 %

BUILDING SF 7,000

LAND SF 11,000

Cap Rate Range 5.78 % - 5.78 %

LOW HIGH

Price/Unit Range $719,000 - $719,000

LOW HIGH

739 N Mariposa Sale Comparables Summary | 15

PROPERTY Units Built Sale Price Price/Unit PSF Close Date DISTANCE (mi)

1 644 N Harvard BlvdLos Angeles, CA 90004 2020 $3,488,000 $470.78 7/6/2020 0.60

2 407 N NortonLos Angeles, CA 90004 2020 $2,750,000 $572.92 3/13/2020 1.60

AVERAGES 2020 $3,119,000 $521.85

SUBJECT 5 2020 $3,595,000 $719,000 $513.57

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Rent Roll

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Rent Roll Details

739 N Mariposa Rent Roll | 19

Unit Square Feet Unit Mix Monthly Rent PSF Market Rent Move-in Date737 N Mariposa 1,500 3 bd + 3 ba $4,500 $3.00 $4,500 12/1/2020

739 1/2 N Mariposa 1,500 3 bd + 3 ba $4,500 $3.00 $4,500 12/1/2020739 N Mariposa 1,500 3 bd + 3 ba $4,500 $3.00 $4,500 12/1/2020

741 1/2 N Mariposa 1,500 3 bd + 3 ba $4,500 $3.00 $4,500 12/1/2020741 N Mariposa 1,500 3 bd + 3 ba $4,500 $3.00 $4,500 12/1/2020

Totals/Averages $22,500 $3.00 $22,500

739 N M

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Financial Analysis

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Income & Expense

Multiyear Cash Flow Assumptions

Multiyear Cash Flow Projections

Disposition Sensitivity Analysis

_10 Year Proforma - 739 Mariposa - Sheet1

739 N Mariposa Income & Expense Analysis | 21

INCOME CURRENT PRO FORMAGross Potential Income $270,000 $270,000

Less: General Vacancy $8,100 $8,100

Effective Gross Income $261,900 $261,900

Less: Expenses $54,040 $54,040

Net Operating Income $207,860 $207,860

EXPENSES CURRENT PRO FORMA

Real Estate Taxes $8,628 $43,140 $8,628 $43,140

Insurance $800 $4,000 $800 $4,000

Water / Sewer $480 $2,400 $480 $2,400

Landscaping $500 $2,500 $500 $2,500

Utilities $400 $2,000 $400 $2,000

Total Operating Expense $10,808 $54,040 $10,808 $54,040

Expense / SF $7.72 $7.72

% of EGI 20.63 % 20.63 %

Per Unit Per Unit

REVENUE ALLOCATIONCURRENT

DISTRIBUTION OF EXPENSESCURRENT

739 N Mariposa Multiyear Cash Flow Assumptions | 22

GLOBALOffering Price $3,595,000Analysis Period 10 year(s)Exit Cap Rate 10.00 %

INCOMEGross Potential Rent 4.00 %

EXPENSESReal Estate Taxes 3.00 %Insurance 3.00 %Water / Sewer 3.00 %Landscaping 3.00 %

739 N Mariposa Cash Flow Analysis | 23

CASH FLOWCalendar Year CURRENT Pro Forma Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Gross Potential RevenueGross Rental Income $270,000 $270,000 $280,800 $292,032 $303,713 $315,862 $328,496 $341,636 $355,302 $369,514Gross Potential Income $270,000 $270,000 $280,800 $292,032 $303,713 $315,862 $328,496 $341,636 $355,302 $369,514General Vacancy -$8,100 -$8,100 -$8,424 -$8,761 -$9,111 -$9,476 -$9,855 -$10,249 -$10,659 -$11,085Effective Gross Income $261,900 $261,900 $272,376 $283,271 $294,602 $306,386 $318,641 $331,387 $344,643 $358,428Operating ExpensesReal Estate Taxes $43,140 $43,140 $44,434 $45,767 $47,140 $48,554 $50,011 $51,511 $53,057 $54,648Insurance $4,000 $4,000 $4,120 $4,244 $4,371 $4,502 $4,637 $4,776 $4,919 $5,067Water / Sewer $2,400 $2,400 $2,472 $2,546 $2,623 $2,701 $2,782 $2,866 $2,952 $3,040Landscaping $2,500 $2,500 $2,575 $2,652 $2,732 $2,814 $2,898 $2,985 $3,075 $3,167Utilities $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000Total Operating Expense $54,040 $54,040 $55,601 $57,209 $58,866 $60,571 $62,329 $64,138 $66,003 $67,923Net Operating Income $207,860 $207,860 $216,775 $226,062 $235,736 $245,814 $256,313 $267,249 $278,640 $290,506

Effective Gross Income vs Operating Expenses Cash Flow

739 N Mariposa Cash Flow Analysis | 24

Calendar Year CURRENT Pro Forma Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Financial MetricsCash on Cash Return b/t 5.78 % 5.78 % 6.03 % 6.29 % 6.56 % 6.84 % 7.13 % 7.43 % 7.75 % 8.08 %CAP Rate 5.78 % 5.78 % 6.03 % 6.29 % 6.56 % 6.84 % 7.13 % 7.43 % 7.75 % 8.08 %Operating Expense Ratio 20.63 % 20.63 % 20.41 % 20.19 % 19.98 % 19.76 % 19.56 % 19.35 % 19.15 % 18.95 %Gross Multiplier (GRM) 13.31 13.31 12.80 12.31 11.84 11.38 10.94 10.52 10.12 9.73Breakeven Ratio 20.63 % 20.63 % 20.41 % 20.20 % 19.98 % 19.77 % 19.56 % 19.35 % 19.15 % 18.95 %Price / SF $513.57 $513.57 $513.57 $513.57 $513.57 $513.57 $513.57 $513.57 $513.57 $513.57Price / Unit $719,000 $719,000 $719,000 $719,000 $719,000 $719,000 $719,000 $719,000 $719,000 $719,000Income / SF $37.41 $37.41 $38.91 $40.46 $42.08 $43.76 $45.52 $47.34 $49.23 $51.20Expense / SF $7.72 $7.72 $7.94 $8.17 $8.40 $8.65 $8.90 $9.16 $9.42 $9.70

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Demographics

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Demographic Charts

739 N Mariposa Demographic Charts | 29

2020 Household Occupancy - 1 Mile Radius

Average Income Median Income

2020 Household Income Average and Median

739 N Mariposa Advisor Profile | 30

Skyler HynesRealtor

Skyler Hynes joined Coldwell Banker in 2012 and has quickly risen to be one of the top performingagents nationally. In 2014 and 2015 Skyler was part of Coldwell Banker President’s Circle.In2016 Skyler became on of the top 1% of CB’s national agent ranking.Skyler is a member of Beverly Hills/Greater LA Association of Realtors, The National Association ofRealtors, a well as a certi�ed Coldwell Banker Previews Agent.Aside from Southern California’s CLAW Multiple Listing Service, Skyler’s listing are also featuredon:LuxuryHomes.com, which focuses on marketing luxury real estate, homes and properties. Whenyou list your luxury home or property with Skyler Hynes it will be marketed on theLuxuryHomes.comwebsite giving added exposure to potential buyers and agents around the world. Juwai.com, the largest Chinese real estate portal with 1.7M visitors eachmonth RESAAS, is the largest business to business digital platform connecting over 350,000 agents fromNorth America and the world. Trovit.com is a large European & South American portal receiveing over 135 million clicks permonth, with their home section receiving over 3 million clicks per month! Skyler has been featured on NBC Open House as listing agent for The Dolores Del Rio estate inOutpost Estates, Los Angeles, and has been featured in Los Angeles, and Wall Street Journal aslisting agent for rocker Dave Navarro. Skyler is a solutions-driven and highly resourceful agent with strong management skills. He is ahighly driven, creative and professional. Before real estate Skyler was owner/founder of a clothingcompany and managed a 60 person sta� with locations in 5 cities. His additional expertise in graphicdesign, business accounting and product development have made him an asset to buyers, sellersand developers.

739 N Mariposa

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary andstrictly confidential. It is intended to be reviewed only by the party receiving it fromColdwell Banker Realty and it should not be made available to any other person orentity without the written consent of Coldwell Banker Realty.

By taking possession of and reviewing the information contained herein the recipientagrees to hold and treat all such information in the strictest confidence. Therecipient further agrees that recipient will not photocopy or duplicate any part of theoffering memorandum. If you have no interest in the subject property, pleasepromptly return this offering memorandum to Coldwell Banker Realty. This offeringmemorandum has been prepared to provide summary, unverified financial andphysical information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligenceinvestigation. Coldwell Banker Realty has not made any investigation, and makes nowarranty or representation with respect to the income or expenses for the subjectproperty, the future projected financial performance of the property, the size andsquare footage of the property and improvements, the presence or absence ofcontaminating substances, PCBs or asbestos, the compliance with local, state andfederal regulations, the physical condition of the improvements thereon, or financialcondition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained fromsources we believe reliable; however, Coldwell Banker Realty has not verified, andwill not verify, any of the information contained herein, nor has Coldwell BankerRealty conducted any investigation regarding these matters and makes no warrantyor representation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measures to verifyall of the information set forth herein. Prospective buyers shall be responsible fortheir costs and expenses of investigating the subject property.

Exclusively Marketed by:

Skyler HynesRealtorLic: 01917448(310) 800-5111skyler@skylerhynes.com

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