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 100 Sherman 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

WARREN BERZACKNational Director, Lee Multifamily Advisory Group President, Berzack Investment Property Advisors

Lic. #01329015

818.933.0350wberzack@lee-re.com

Casa Bryant Apartments21024 Bryant St., Canoga Park, CA | 20 units

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

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

PROPERTY DESCRIPTION

�Significant Upside in Rents

�Strong Unit Mix

�City of LA Soft-Story Earthquake Retofit Work Completed in 2018

�17 of 20 Units Renovated

�New Exterior Paint 2018

Casa Bryant Apartments is an exceptionally maintained 20-unit apartment community located in Canoga Park,

California. Set on a 23,361 square foot lot, the 17,376 square foot property offers spacious one, two, and three-bedroom apartment homes. Built in 1966, the property offers excellent amenities, a strong rental location, and superb freeway access.

LOCATION INFORMATION

�Minutes from Topanga Canyon Blvd., 118 & 101 Freeways

�2 Miles from Warner Center

�1 Mile from Northridge Fashion Center

�Nearby to multiple parks, schools, churches and temples

�Minutes from Vallarta Supermarket, Ralphs, Starbucks, and a myriad of other retail offerings

�Covered Parking

�Swimming Pool & Lounge Area

�Laundry Facilities

�Heat & Air Conditioning

�Stainless Steel Appliances

�Private Patio Area

Highlights Amenities

Casa Bryant Apartments are desirably located along De Soto Avenue between Parthenia Street and Roscoe Boulevard, just east of Caonga Avenue.

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

PROPERTY PHOTOS

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

PROPERTY PHOTOS

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

MULTIFAMILY INVESTMENT INFORMATION SHEET

PROPERTY NAME NUMBER OF UNITS 20 ADDRESS BUILDING SIZE (SQ. FT.) 17,376 CITY, STATE, ZIP LOT SIZE (SQ. FT.) 23,361 PRICE COST PER UNIT $254,750YEAR BUILT COST PER SQFT $293.22

* 15% Rental Upside * 17 or 20 Units Renovated * City of LA Earthquake Retrofit Work Completed 2018

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

6 1 1 $1,343 $1,550 $9,3006 2 1 $1,576 $1,850 $11,1002 2 1.5 $1,675 $1,875 $3,7504 2 2 $1,526 $1,900 $7,6002 3 2 $2,395 $2,450 $4,900

Scheduled Monthly Income: $36,650

ANNUAL PROPERTY OPERATING DATACURRENT INCOME/YEAR

AS % GOI AS % GOI AS % GOIScheduled Gross Income $381,130 99.37% $439,800 99.46% Taxes (Est. 1.25%) $63,688 16.61%Other Income $0 0.00% $0 0.00% Insurance ($350/un) $7,000 1.83%Laundry $2,400 0.63% $2,400 0.54% Utilities ($100/un/mo) $24,000 6.26%Gross Operating Income $383,530 CURRENT MARKET $442,200 Repairs/Maintanence $19,177 5.00%Vacancy Reserve $11,506 3.00% $13,266 3.00% Off-Site Management $15,341 4.00%Effective Gross Income $372,024 13.28 11.52 $428,934 Landscaping ($150/mo) $1,800 0.47%Expenses $149,962 39.10% $149,962 33.91% Pest Control ($50/mo) $600 0.16%Net Operating Income $222,062 57.90% 4.36% 5.48% $278,972 63.09% Miscellaneous($100/un) $2,000 0.52%Debt Service $132,174 $132,174 Pool ($150/mo) $1,800 0.47%Pre-Tax Cash Flow $89,888 4.62% 7.55% $146,798 Trash ($600/mo) $7,200 1.88%Principal Reduction $0 $0 License/Permits $1,357 0.35%Return on Equity $89,888 4.62% 7.55% $146,798 On-Site Management: $6,000 1.56%

MORTGAGE FINANCING INFORMATIONLoan Amount $3,150,000 Monthly Loan Payment $11,015Down Payment $1,945,000 38% Annual Loan Payment $132,174 TOTAL EXPENSES $149,962 39.10%5-Year Fixed Rate 4.196% Year 1 Interest Amount (approx.) $132,174Amortization Period (Yrs) 30 Year 1 Principal Paydown (approx.) $0 Expense / NRSF

Expense / Unit

$8,060$9,457$3,350

Monthly Income

Canoga Park, CA 91304

$6,103$4,790

$5,095,000

wberzack@lee-re.com Lic. #01329015

GRM

* Excellent Rental Pocket in the West SFV

$8.63

ESTIMATED ANNUAL EXPENSES

1966

21024 Bryant St.

Return On Equity

Current Income Market Income

$31,761

$7,498

Lee Associates - LA North/Ventura, Inc.

Warren Berzack 818.933.0350

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

Casa Bryant Apartments

INVESTMENT HIGHLIGHTS

Cash on Cash

CAP Rate

MARKET INCOME/YEAR

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

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

Unit Type Rent Potential

1 2/1.00 $1,493.50 $1,850.002 1/1.00 $1,425.00 $1,550.003 1/1.00 $1,386.00 $1,550.004 3/2.00 $2,495.00 $2,450.005 2/1.50 $1,675.00 $1,900.006 2/1.00 $1,675.00 $1,850.007 2/1.00 $1,675.00 $1,850.008 2/1.00 $1,650.00 $1,850.009 3/2.00 $2,295.00 $2,450.00

10 1/1.00 $1,423.00 $1,550.0011 1/1.00 $976.03 $1,550.0012 1/1.00 $1,425.00 $1,550.0013 1/1.00 $1,425.00 $1,550.0014 2/2.00 $1,103.34 $1,900.0015 2/2.00 $1,675.00 $1,900.0016 2/2.00 $1,675.00 $1,900.0017 2/2.00 $1,650.00 $1,900.0018 2/1.00 $1,850.00 $1,800.0019 2/1.50 $1,675.00 $1,900.0020 2/1.00 $1,113.94 $1,850.00

Total: $31,760.81 $36,650.00

Annual Rent: $381,129.72 $439,800.00

RENT ROLL

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

# Address City # of Units Year Built 1+1 2+1 2+2

1 21034 Bryant St. Canoga Park, CA 91304 10 1977 $1,500 N/A N/A

2 20909 Parthenia St. Canoga Park, CA 91304 68 1964 $1,650 $1,985 N/A

3 8561 De Soto Ave. Canoga Park, CA 91304 170 1973 $1,650 N/A $2,150

4 8609 De Soto Ave. Canoga Park, CA 91304 123 1976 $1,675 N/A $2,250

5 8735 Independence Ave. Canoga Park, CA 91304 100 1985 $1,705 $1,965 $2,360

6 8700 De Soto Ave. Canoga Park, CA 91304 61 1987 $1,725 $2,165 $2,300

AVERAGES 89 1977 $1,651 $2,038 $2,265

SUBJECT 20 1966 $1,343 $1,576 $1,526

RENT COMPARABLES

SALES COMPARABLES

Address # of

Un

its

Year

Built

Sales

Price

Rent

able

Sq. F

t.

Avg

SqFt

/Unit

Price

/Unit

Price

/

Sq

. Ft.

CAP R

ate

GRM

Close

of

Escro

w

1 10009 De Soto Ave. 61 1963 $13,600,000 43,616 715 $222,951 $312 4.50% 13.22 On MarketChatsworth, CA

2 9919-9947 De Soto 64 1964 $15,200,000 51,944 812 $237,500 $293 4.35% 13.15 12/16/18Chatsworth, CA

3 20326 Saticoy St. 33 1976 $5,561,079 17,900 542 $168,518 $311 4.25% N/A 07/03/18Winnetka, CA

4 19950 Roscoe Blvd. 31 1963 $6,050,000 29,515 952 $195,161 $205 4.31% 12.69 06/19/18Winnetka, CA

5 19340 Wyandotte St. 20 1968 $4,575,000 26,504 1,325 $228,750 $173 4.28% 13.42 02/04/19Reseda, CA

6 7028 Alabama Ave. 10 1977 $1,970,000 7,167 717 $197,000 $275 4.30% 13.63 12/28/18Canoga Park, CA

7 8762 Etiwanda Ave. 29 1975 $6,950,000 39,394 1,358 $239,655 $176 4.10% 14.45 02/01/19Northridge, CA

8 18400 Prairie St. 73 1969 $19,000,000 57,542 788 $260,274 $330 4.15% 14.01 06/29/18Northridge, CA

9 6430-6432 Shirley Ave. 28 1959 $6,200,000 26,589 950 $221,429 $233 4.27% 13.87 01/12/18Reseda, CA

AVERAGES 37 1969 $7,826,013 29,441 844 $208,313 $261 4.33% 13.22

SUBJECT 20 1966 $5,095,000 17,376 869 $254,750 $293 4.36% 13.28

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

AREA INFORMATIONCanoga Park, a small community within the West San Fernando Valley of Los Angeles, is bordered by Woodland Hills to the south, Chatsworth to the north, West Hills to the west and Winnetka to the east. The area is home to Warner Center, a major business hub with 18.4 million square feet of commercial space, one of the largest regional shopping centers in the region, Los Angeles Pierce College, a major hospital and numerous parks and recreational areas.

A densely populated, diverse middle-income community, Canoga Park sits amidst one of the most active redevelopment booms in Los Angeles. Thousands of apartment units have been constructed in the West Valley over the past few years and even more development is on the way.

• Retail Centers… Most notably the Westfield Topanga a 2.1 million sq. ft. , top-level shopping center. The Village at Westfield Topanga, a $350 million, 30-acre, 550,000-square-foot open-air mall with a Costco and more than 80 shop.

• Developments… Another proposed development will transform the former Rocketdyne campus in Canoga Park into a mixed use retail and office complex. A total of 5 million square feet is expected to be developed at the 47-acre site at an anticipated cost of $3 billion.

DEMOGRAPHIC SUMMARY

Total Population

Average Household Income

32,373

$71,708

443,584

$102,995

1-mile radius 5-mile radius

C a s a B rya n t C

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.

21024 Bryant Street | Canoga Park, CACa s a Br ya n 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 sBERZACK

AERIAL

SITE PLAN