e x c l u s i v e m u lt i fa m i l y o f f e r i n g

15250 Ventura Blvd., Suite 100Sherman Oaks, CA 91403

P: 818-986-9800 F: 818-933-0450

www.lee-associates.com

Lee & Associates® LA North/Ventura, Inc.

Corporate ID #01191898A Member of the Lee & Associates

Group of Companies

20%+ Rental Upside Apartment BuildingTroost Apartments

6722 Troost Avenue, North Hollywood, CA 91606 | 10 units

i n v e s t m e n t p r op e rt y a d v i s or si n v e s t m e n t p r op e rt y a d v i s or sBERZACK

SLAVIC ZLATKINPrincipal

Lic. #01483230

818.933.0325szlatkin@lee-re.com

WARREN BERZACKPrincipal

Lic. #01329015

818.933.0350wberzack@lee-re.com

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

6722 Troost Avenue | North Hollywood CA

TR O O S T APA R T M E N T S

i n v e s t m e n t p r op e rt y a d v i s or si n v e s t m e n t p r op e rt y a d v i s or sBERZACK

PROPERTY DESCRIPTION

Upside in Rents

Great Unit Mix

Easy Access to Freeways

Great Location

Public Transporation Nearby

Troost Apartments is a well built 10-unit apartment building located in North Hollywood, California. Set on

a 7,802 square foot lot, the 6,766 square foot property off ers studio, singles, one- and two-bedroom apartment homes. Built in 1964, the property off ers great rental upside, in an excellent rental market, low maintenance, and easy freeway access.

LOCATION INFORMATION

Easy Access to 170, 101, 134 & 5 Freeways

Nearby to multiple parks, schools, churches and temples

Minutes from Target, Smart & Final Extra, Kmart, Home Depot; Popeyes Louisiana Kitchen, Starbucks and myriad other retail off erings

Covered and Gated Parking

Gated Entry

On-Site Laundry Facilities

Low Maintenance

Close to Major Th oroughfares

An Excellent Rental Market

Highlights & Amenities

Troost Apartments is located along the east side of Troost Avenue between Vanowen Street north and Kittridge Street south, just east of Lankershim Blvd and west of Tujunga Avenue.

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

6722 Troost Avenue | North Hollywood CA

TR O O S T APA R T M E N T S

i n v e s t m e n t p r op e rt y a d v i s or si n v e s t m e n t p r op e rt y a d v i s or sBERZACK

MULTIFAMILY INVESTMENT INFORMATION SHEET

PROPERTY NAME NUMBER OF UNITS 10

ADDRESS BUILDING SIZE (SQ. FT.) 6,766

CITY, STATE, ZIP LOT SIZE (SQ. FT.) 7,802

PRICE COST PER UNIT $155,000

YEAR BUILT COST PER SQFT $229.09

Great Rental Upside Low Maintenance

RENTAL INFORMATIONNO. UNITS BDRMS BATHS SQ. FT. AVG. RENT RENT Monthly Income

2 0 1 Studio $871 $1,742 $950 $1,9002 0 1 Single $891 $1,781 $950 $1,9003 1 1 $1,022 $3,067 $1,195 $3,5853 2 2 $1,152 $3,457 $1,450 $4,350

Scheduled Monthly Income: $11,735

ANNUAL PROPERTY OPERATING DATACURRENT INCOME/YEAR

AS % GOI AS % GOI AS % GOI

Scheduled Gross Income $120,573 97.38% $140,820 97.35% Taxes (Est. 1.20%) $18,600 15.02%Garage Income (proforma) $1,800 1.45% $2,400 1.66% Insurance $2,880 2.33%Laundry Income (actual) $1,440 1.16% $1,440 1.00% DWP $9,900 8.00%Gross Operating Income $123,813 CURRENT MARKET $144,660 Repairs/Maintanence $6,191 5.00%Vacancy Reserve $3,714 3.00% $4,340 3.00%Effective Gross Income $120,099 12.52 10.71 $140,320 Management $0 0.00%Expenses $43,413 35.06% $43,413 30.01% Pest Control ($35/mo) $420 0.34%Net Operating Income $76,686 61.94% 4.95% 6.25% $96,907 66.99% Cleaning $1,680 1.36%Debt Service $49,524 $49,524 Miscellaneous($100/un) $1,000 0.81%Pre-Tax Cash Flow $27,162 4.01% 6.99% $47,383 Trash ($172/mo) $2,064 1.67%Principal Reduction $18,324 $18,324 License/Permits $678 0.55%Return on Equity $45,486 6.71% 9.69% $65,707

ASSUMABLE CHASE MORTGAGE INFORMATION

Loan Amount $871,880 Monthly Loan Payment $4,127Down Payment $678,120 44% Annual Loan Payment $49,524 TOTAL EXPENSES $43,413 35.06%5-Year Fixed Rate 3.57% Year 1 Interest Amount (approx.) $31,200Amortization Period (Yrs) 30 Year 1 Principal Paydown (approx.) $18,324 Expense / NRSF

Expense / UnitASSUMABLE CHASE LOAN

MARKET INCOME/YEAR

$10,048

Return On Equity

GRM

CAP Rate

6722 Troost Ave.

wberzack@lee-re.com Lic. #01329015

Slavic Zlatkin 818.933.0325szlatkin@lee-re.com

$4,341$6.42

ESTIMATED ANNUAL EXPENSES

Cash on Cash

Market Income

$1,550,000

INVESTMENT HIGHLIGHTS

Lee Associates - LA North/Ventura, Inc.

Warren Berzack 818.933.0350

15250 Ventura Boulevard, Suite 100 | Sherman Oaks, CA 91403

Troost Apartments

1964

Current Income

Excellent Rental Market

North Hollywood, CA 91606

Monthly Income

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

6722 Troost Avenue | North Hollywood CA

TR O O S T APA R T M E N T S

i n v e s t m e n t p r op e rt y a d v i s or si n v e s t m e n t p r op e rt y a d v i s or sBERZACK

Unit Type Rent as of 4/1/18

1 Single 827.50$ 2 2+2 1,293.03$ 3 1+1 1,195.00$ 4 Single 953.61$ 5 2+2 1,170.60$ 6 1+1 939.98$ 7 Studio 788.70$ 8 1+1 932.42$ 9 2+2 993.31$

10 Studio 953.61$ Garage (proforma) 150.00$

Total: 10,197.76$

Annual Rent: 122,373.12$

RENT ROLL

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

6722 Troost Avenue | North Hollywood CA

TR O O S T APA R T M E N T S

i n v e s t m e n t p r op e rt y a d v i s or si n v e s t m e n t p r op e rt y a d v i s or sBERZACK

AREA INFORMATION

DEMOGRAPHIC SUMMARY

Total Population

Average Household Income

39,609

$54,810

684,134

$85,634

1-mile radius 5-mile radius

North Hollywood is a neighborhood in the San Fernando Valley region of the city of Los Angeles, California. It is home to the NoHo Arts District and the Academy of Television Arts & Sciences. It is a moderately diverse district of an estimated 87,241 residents fast becoming a dynamic, bustling metropolitan area. This is owed in large part to the Metro Stations for the Red Line and Orange Line, making the city into a regional hub for the San Fernando Valley. Also, numerous medium- and high-density developments are around the station, particularly in the NoHo Arts District, creating a walkable, urban village.

• Arts and Leisure at its best… Numerous theaters, museums and historical sites as well as fi ne dining, shopping and recreational opportunities

• NoHo Arts District… Renowned as Los Angeles’ offi cial arts comunity, centered at Magnolia and Lankershim.

• Endless recreational activities… Home to the Academy of Television Arts and Sciences and the world-famous Emmy statue.

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

6722 Troost Avenue | North Hollywood CA

TR O O S T APA R T M E N T S

i n v e s t m e n t p r op e rt y a d v i s or si n v e s t m e n t p r op e rt y a d v i s or sBERZACK

AERIAL MAP

SITE PLAN

Troost AveTroost Ave

Troost AveTroost Ave

Archwood St

Archwood St

Archwood St

Archwood St

Irvine AveIrvine Ave

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

6722 Troost Avenue | North Hollywood CA

TR O O S T APA R T M E N T S

i n v e s t m e n t p r op e rt y a d v i s or si n v e s t m e n t p r op e rt y a d v i s or sBERZACK

AMENITIES AERIAL