Each office independently owned and operated

5 Unit Apartment Investment Offering4384 West 136th Street | Hawthorne, CA 90250

STEPHEN LAMPEExecutive Vice President(310) 802-2501slampe@remaxcir.comBRE #01164364

Well maintained apartment building on nice tree lined street with large8,715 SF lot zoned R3 (allows 8 units)

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Walking distance to Ramona Elementary & places of worship, minutesto LAX, Hawthorne Airport, New NFL Stadium & Space X

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Nice mix of a 2 bed house (built in 1940) with four additional 2 bedapartments (built in 1958) & a bachelors unit (nonconforming)

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NO RENT CONTROL - Significant upside in rental income➢

New paint, new windows,covered parking, each unit has washer anddryer hookups & separate hot water heater with gas paid be tenant

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RE/MAX COMMERCIAL & INVESTMENT REALTY23001 Hawthorne Blvd, Suite 205Torrance, CA 90505(310) 802-2500www.remaxcir.com

INVESTMENT DETAILS4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date February 2019

PROPERTY

Property 5 Unit Apartment InvestmentProperty Address 4384 West 136th Street

Hawthorne, CA 90250

Year Built 1940/1958

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type MultiFamilyPurchase Price $1,250,000Units 5Total Rentable Sq. Ft. 4,048

LOANS

Type Debt Term Amortization Rate Payment LO CostsAll Cash

INCOME & EXPENSES

Gross Operating Income $80,387Monthly GOI $6,699Total Annual Expenses ($27,675)Monthly Expenses ($2,306)

EXECUTIVE SUMMARY4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Acquisition CostsPurchase Price, Points and Closing Costs $1,250,000Investment - Cash $1,250,000

Investment InformationPurchase Price $1,250,000Price per Unit $250,000Price per Sq. Ft. $308.79Income per Unit $16,464Expenses per Unit ($5,535)

Income, Expenses & Cash FlowGross Scheduled Income $82,320Total Vacancy and Credits ($1,933)Operating Expenses ($27,675)Net Operating Income $52,712Debt Service $0Cash Flow Before Taxes $52,712

Financial IndicatorsCash on Cash Return Before Taxes 4.22%

Debt Coverage Ratio N/ACapitalization Rate 4.22%Gross Rent Multiplier 15.18Gross Income / Square Feet $20.34Gross Expenses / Square Feet ($6.84)Operating Expense Ratio 34.43%

FINANCIAL SUMMARY4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

UNIT MIX & MONTHLY SCHEDULED

Type Units Actual Total Market Total Two Bedroom One Bath 1 $1,345 $1,345 $1,750 $1,750Two Bedroom One Bath 1 $1,695 $1,695 $1,695 $1,695Two Bedroom One Bath 1 $1,150 $1,150 $1,695 $1,695Two Bedroom One Bath 1 $1,035 $1,035 $1,695 $1,695Two Bedroom One Bath 1 $1,135 $1,135 $1,695 $1,695TOTALS 5 $6,360 $8,530

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $76,320 $102,360Less: Vacancy ($1,933) ($3,071)Bachelor Unit (nonconforming) $6,000 $6,000Effective Gross Income $80,387 $105,289Less: Expenses ($27,675) ($27,675)Net Operating Income $52,712 $77,614

ANNUALIZED EXPENSES Description Actual Market

Property Tax (New 1.21%) $15,125 $15,125Building Insurance $1,850 $1,850Water $3,000 $3,000Electric $480 $480Trash Service $1,620 $1,620Maintenance & Repairs (industry average) $3,500 $3,500Gardener $600 $600Reserves (estimated) $1,500 $1,500Total Expenses $27,675 $27,675Expenses Per RSF $6.84 $6.84Expenses Per Unit $5,535 $5,535

INVESTMENT SUMMARY

Price: $1,250,000Year Built: 1940/1958Units: 5Price/Unit: $250,000RSF: 4,048Price/RSF: $308.79Lot Size: 8,715 sfFloors: 2Parking Spaces: 5APN: 4045-008-006Cap Rate: 4.22%Market Cap Rate: 6.21%GRM: 15.18Market GRM: 11.54

RENT ROLL4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Unit Type Rent Tenancy

1A Front House - 2 Bedroom 1 Bath $1,345 month to month

1B Bachelor Unit (Non-conforming) $500 lease expires 12/31/2019

1C 2 Bedroom 1 Bath $1,700 vacant

2 2 Bedroom 1 Bath $1,150 month to month

3 2 Bedroom 1 Bath $1,035 month to month

4 2 Bedroom 1 Bath $1,135 month to month

Total: $5,020

RENT SURVEY4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Address Beds Baths Rent

3860 W 132nd St 2 1 $1,600

13614 Cordary Ave 2 1 $1,625

12544 Oxford Ave 2 1 $1,625

13802 Cerise Ave 2 1 $1,695 Median $1,695

13815 Hawthorne Way 2 1 $1,700

3325 139th St 2 1 $1,800

12712 Cranbrook Ave 2 1 $1,800

4129 W 132nd St 2 1 $1,850

Average: $1,712

PROPERTY PHOTOS4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

PROPERTY PHOTOS4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

PROPERTY PHOTOS4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

SALE COMPARABLES4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Subjec 1 2 3 4 5 6 7 8 9

1%

2%

3%

4%

5%

6%

7%

8%

Avg.4.65

Cap Rate

Subject 1 2 4 5 6 7 8 9

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

Avg.13.738

Gross Rent Multiplier

Subjec 1 2 3 4 5 6 7 8 9

$38,000

$76,000

$114,000

$152,000

$190,000

$228,000

$266,000

$304,000

Avg.$262,412

Price per Unit

Subjec 1 2 3 4 5 6 7 8 9

$51

$102

$153

$204

$255

$306

$357

$408

Avg.$304.80

Price per Sq. Ft.

SALE COMPARABLES4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

S 5 Unit Apartment Investment Offering4384 West 136th StreetHawthorne, CA 90250

Sale Price $1,250,000Units 5Price/Unit $250,000Price/SqFt $308.79Cap Rate 4.22%Year Built 1940GRM 15.18

# Units Unit Type1 Two Bedroom One Bath1 Two Bedroom One Bath1 Two Bedroom One Bath1 Two Bedroom One Bath1 Two Bedroom One Bath

1 13520 Cerise AveHawthorne, CA 90250

Sale Price $1,615,000Units 6Price/Unit $269,167Price/SqFt $265.32Cap Rate 5.56%Year Built 1953Sale Date 8/30/2018GRM 12.9

# Units Unit Type5 Two Bedroom One Bath1 Four Bedroom Two Bath

2 4052 W 142nd StHawthorne, CA 90250

Sale Price $1,350,000Units 5Price/Unit $270,000Price/SqFt $268.07Cap Rate 5.69%Year Built 1948Sale Date 8/15/2018GRM 12.0

# Units Unit Type4 Two Bedroom One Bath

SALE COMPARABLES4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

3 4372 W 130th StHawthorne, CA 90250

Sale Price $2,388,000Units 8Price/Unit $298,500Price/SqFt $404.81Cap Rate 3.8%Year Built 1959Sale Date 7/12/2018GRM N/A

# Units Unit Type4 One Bedroom One Bath3 Two Bedroom One Bath1 Three Bedroom Two Bath

4 4035 W 132nd StHawthorne, CA 90250

Sale Price $1,800,000Units 8Price/Unit $225,000Price/SqFt $296.35Cap Rate 4.65%Year Built 1962Sale Date 6/25/2018GRM 13.7

# Units Unit Type4 One Bedroom One Bath4 Two Bedroom One Bath

5 4383 W 137th StHawthorne, CA 90250

Sale Price $1,750,000Units 7Price/Unit $250,000Price/SqFt $264.15Cap Rate 4.62%Year Built 1962Sale Date 5/30/2018GRM 13.9

# Units Unit Type3 One Bedroom One Bath3 Two Bedroom One Bath1 Three Bedroom Two Bath

SALE COMPARABLES4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

6 4334 W 130th StHawthorne, CA 90250

Sale Price $1,600,000Units 6Price/Unit $266,667Price/SqFt $298.56Cap Rate 4.2%Year Built 1960Sale Date 4/18/2018GRM 14.3

# Units Unit Type5 Two Bedroom One Bath1 Three Bedroom Two Bath

7 4084 W 129th StHawthorne, CA 90250

Sale Price $1,140,000Units 5Price/Unit $228,000Price/SqFt $320.22Cap Rate 3.92%Year Built 1960Sale Date 3/22/2018GRM 15.9

# Units Unit Type5 Two Bedroom One Bath

8 4029 W 142nd StHawthorne, CA 90250

Sale Price $1,650,000Units 6Price/Unit $275,000Price/SqFt $257.77Cap Rate 4.68%Year Built 1964On MarketGRM 13.1

# Units Unit Type1 One Bedroom One Bath1 Two Bedroom One Bath2 Two Bedroom Two Bath2 Three Bedroom Two Bath

SALE COMPARABLES4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

9 4035 W 132nd StHawthorne, CA 90250

Sale Price $2,235,000Units 8Price/Unit $279,375Price/SqFt $367.96Cap Rate 4.73%Year Built 1962On MarketGRM 14.1

# Units Unit Type4 One Bedroom One Bath4 Two Bedroom One Bath

SALE COMPARABLES4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

S 4384 West 136th StreetHawthorne, CA, 90250$1,250,000

1 13520 Cerise AveHawthorne, CA, 90250$1,615,000

2 4052 W 142nd StHawthorne, CA, 90250$1,350,000

3 4372 W 130th StHawthorne, CA, 90250$2,388,000

4 4035 W 132nd StHawthorne, CA, 90250$1,800,000

5 4383 W 137th StHawthorne, CA, 90250$1,750,000

6 4334 W 130th StHawthorne, CA, 90250$1,600,000

7 4084 W 129th StHawthorne, CA, 90250$1,140,000

8 4029 W 142nd StHawthorne, CA, 90250$1,650,000

9 4035 W 132nd StHawthorne, CA, 90250$2,235,000

AERIAL MAP4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

LOCATION MAP4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

REGIONAL MAP4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

DEMOGRAPHICS4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Population 1 Mile 3 Mile 5 Mile

Male 29,688 (49.13 %) 149,711 (49.55 %) 330,731 (48.98 %)Female 30,738 (50.87 %) 152,403 (50.45 %) 344,530 (51.02 %)Total Population 60,426 302,114 675,261

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 3,945 (6.53 %) 18,723 (6.20 %) 39,728 (5.88 %)Ages 5-9 4,744 (7.85 %) 22,783 (7.54 %) 49,078 (7.27 %)Ages 10-14 4,386 (7.26 %) 21,389 (7.08 %) 46,476 (7.27 %)Ages 15-19 4,230 (7.00 %) 21,097 (6.98 %) 45,906 (6.80 %)Ages 20-24 4,376 (7.24 %) 21,843 (7.23 %) 47,087 (6.97 %)Ages 25-29 4,434 (7.34 %) 21,799 (7.22 %) 46,648 (6.91 %)Ages 30-34 4,495 (7.44 %) 21,480 (7.11 %) 46,286 (6.85 %)Ages 35-39 4,735 (7.84 %) 21,913 (7.25 %) 47,781 (7.08 %)Ages 40-44 4,884 (8.08 %) 22,659 (7.50 %) 50,378 (7.46 %)Ages 45-49 4,751 (7.86 %) 22,977 (7.61 %) 51,620 (7.64 %)Ages 50-54 4,212 (6.97 %) 21,196 (7.02 %) 48,329 (7.16 %)Ages 55-59 3,493 (5.78 %) 18,392 (6.09 %) 42,493 (6.29 %)Ages 60-64 2,676 (4.43 %) 14,822 (4.91 %) 34,823 (5.16 %)Ages 65-69 1,935 (3.20 %) 11,026 (3.65 %) 26,597 (3.94 %)Ages 70-74 1,278 (2.11 %) 7,726 (2.56 %) 19,115 (2.83 %)Ages 75-79 801 (1.33 %) 5,074 (1.68 %) 12,922 (1.91 %)Ages 80-84 430 (0.71 %) 2,931 (0.97 %) 7,902 (1.17 %)Ages 85+ 621 (1.03 %) 4,284 (1.42 %) 12,092 (1.79 %)

DEMOGRAPHICS4384 West 136th Street | Hawthorne, CA 90250

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Household Income 1 Mile 3 Mile 5 Mile

Median Income $49,089 $55,085 $55,667Less than $10,000 1,463 6,201 15,018$10,000 -$14,999 1,018 4,960 13,514$15,000 - $19,999 1,382 5,173 12,099$20,000 -$24,999 1,145 5,942 12,605$25,000 - $29,999 1,193 5,244 11,410$30,000 - $34,999 1,310 4,824 11,127$35,000 - $39,999 1,188 4,703 10,303$40,000 - $44,999 1,374 5,251 11,177$45,000 - $49,999 1,095 4,225 8,937$50,000 - $59,999 1,971 7,681 17,468$60,000 - $74,999 2,253 10,120 23,920$75,000 - $99,999 2,339 12,495 27,904$100,000 - $124,999 972 7,220 18,949$125,000 - $149,999 1,012 4,619 11,205$150,000 - $199,999 379 4,270 12,660Greater than $200,000 183 4,247 13,362

Housing 1 Mile 3 Mile 5 Mile

Housing Units 21,070 102,263 248,002Occupied Units 19,993 97,653 235,185Owner Occupied Units 5,344 40,986 103,238Renter Occupied Units 14,649 56,667 131,947Vacant Units 1,077 4,610 12,817

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 22,183 118,867 262,901Population Black 11,733 52,824 153,996Population Am In/Ak Nat 85 402 779