KW commercial SoCal - Marketing Samples by KW Forward Living

SAMPLE FLYERS

2800 WABASH AVE LOS ANGELES, CA 90033

FOR SALE $2,200,000 PROPERTY

SUMMARY SALE For Sale

$2,200,000 ($8,286,252/AC - $190.23/SF)

LAND Type

Commercial Land

Land AC

0.27 AC

Land SF

±11,565 SF

Topography

Level

Parcel

5178-003-042

TRANSPORTATION Commuter Rail

ZONING & USAGE Zoning

LAC2

Proposed Use

Multifamily

CURRENT CONDITION

Airport

26 minute drive to Bob Hope Airport

Walk Score ®

Very Walkable (84)

Transit Score ® Curb/Gutter/Sidewalk, Electricity, Gas, Sewer, Streets, Water

Infrastructure

7 minute drive to Union Station Commuter Rail (Ventura County, Antelope Valley, San Bernardino, Riverside, Orange County)

TRAFFIC & FRONTAGE Traffic Volume

772 on Blanchard St. and N. Evergreen Ave (2020) 14,768 on N Evergreen Ave & Winter St (2014)

Frontage

90’ on Wabash (with 2 curb cuts)

Good Transit (62)

JASON DUFAULT MANAGING DIRECTOR KW COMMERCIAL CA LIC# 01844551

562.961.1422

Jason@jdufault.com 6621 E PCH, Suite 150 Long Beach, CA 90803

Disclaimer No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and may be trademarks of their respective companies. Keller Williams Commercial CAL DRE Lic. #01872625

PLAYA APARTMENTS 8 UNIT MULTIFAMILY PROPERTY | LISTED AT $3.1 MILLION AT TRACT IVE COST PER U NIT

NE AR MAIN STRE E T & AB B OT KIN NEY

T HREE UN ITS D EL IVER ED VACAN T

O NLY SEVE RAL BLO C KS FROM TH E B E ACH

REN TAL U P SID E P OTENTIAL

Q UIE T RE S IDE NTIAL STRE ET

ON S IT E PAR K ING AVAIL ABLE

MINUTE S TO RE TAIL & DINING

RAY RODRIGUEZ

KARLA BARRIGA

MATHEW FREEDMAN

866.582.7865

626.926.1304

818.657.6500

REALTOR® | FOUNDING PARTNER | CADRE #01402 283

ray@lucrumre.com

REALTOR® | PARTNER | CADRE #01935848

kbarriga@kw.com

REALTOR® | PARTNER | CADRE #01487 954

matt@lucrumre.com

Each office independently owned and operated. This is not meant as a solicitation if your property is currently listed with another broker. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals.

FOR SALE $1,390,000

5911 CHERRY AVE

LONG BEACH, CA 90805

JASON DUFAULT MANAGING DIRECTOR KW COMMERCIAL CA LIC# 01844551

562.961.1422

Jason@jdufault.com 6621 E PCH, Suite 150 Long Beach, CA 90803

PROPERTY SUMMARY SALE For Sale

$1,390,000 ($368.21/SF) - Active

BUILDING Type

Class C Industrial

Subtype

Warehouse

Tenancy

Single

Year Built RBA Floors

1965 3,775 SF 1

Typical Floor

3,775 SF

Construction

Masonry

LAND Land Area Zoning Parcel

0.14 AC CCH 7123-013-003

LEASING & TRANSPORTATION Avail. Spaces Parking Commuter Rail Airport

Expenses per SF

No Spaces Currently Available Ratio of 0.00/1,000 SF 17 Minute drive to Norwalk/Santa Fe Springs Commuter Rail (Orange County, 91 Lines) 7 minute drive to Long Beach-Daugherty Field Airport $1.19 (2019)

SAMPLE OM’s

PLAYA APARTMENTS 638 GRANT STREET | SANTA MONICA, CA 90405

OFFERING MEMORANDUM

PLAYA APARTMENTS INVESTMENT CONTACTS

RAY RODRIGUEZ

FOUNDING PARTNER D: +1 866-582-7865 M: +1 818-581-5829 ray@lucrumre.com Lic. #01402283

KARLA BARRIGA PARTNER D: +1 626-204-3494 M: +1 626-926-1304 kbarriga@kw.com Lic. #01935848

LUCRUM GROUP | KW COMMERCIAL

MATHEW FREEDMAN PARTNER D: +1 818-657-6500 M: +1 818-585-6888 matt@lucrumre.com Lic. #01487954

All materials and information received or derived from KW COMMERCIAL its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW COMMERCIAL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW COMMERCIAL will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW COMMERCIAL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW COMMERCIAL does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by KW COMMERCIAL in compliance with all applicable fair housing and equal opportunity laws. Each Office Independently Owned & Operated.

PLAYA APARTMENTS 638 GRANT STREET | SANTA MONICA, CA 90405

TABLE OF CONTENTS

INVESTMENT SUMMARY

PROPERTY DESCRIPTION

PROPERTY LEASE DATA

HIGHLIGHTS & LOCATION

AREA OVERVIEW

I NVE ST M E NT S U M M A RY

PL AYA APARTMENTS The Playa Apartments are a value-add multifamily investment opportunity located in the desirable beachside community of Santa Monica. This asset presents an ideal income property for an investor in search of acquiring a well-positioned property with the potential of adding value through capital improvements and increasing rents over time. This charming apartment building is comprised of 8 units in one two-story building that was constructed in 1957. There are (5) parking spaces at the rear of the property and an on-site laundry room. This well-located building totals 3,740± square feet and is constructed of wood frame with pitched roof and painted stucco exterior. Lot size is 5,897 ± square feet and zoning is SMOP2*. The unit mix is comprised of (4) 1 bedroom + 1 bath units and (4) single + 1 bath units. Select units have recently undergone substantial renovation. Three of the units are currently vacant and can be leased up immediately at market rents! Currently the property is being operated off of 4 electrical meters & 5 gas meters. The owner is paying utilities for most of the units. Partial work has been completed & filed for installation of individual electrical and gas meters but has yet to be completed, finalized & connected. The table is set for the new owner to complete this process and reap the benefits of increasing the NOI! 8

LUCRUM GROUP | KW COMMERCIAL

INVESTMENT SUM M ARY LOCATION AND COMMUNITY DESCRIPTION 638 Grant Street is located in Santa Monica, California. Santa Monica is one of the most desirable beach community locations in Southern California and Los Angeles. Located on the 600 block of Grant Street, the property is situated a few blocks from the beach, between Lincoln Blvd & 6th St., just south of Pico Blvd. Santa Monica is an epicenter for shopping, dining and entertainment. The Playa Apartments are located central to both Abbott Kinney, Main Street and Venice Beach, boasting a Walk Score of 94. This high demand location attracts tenants looking for the ideal Southern California location to call home, which in turn demands some of the strongest rents in Los Angeles.

HIGHLIGHTS • Attractive Cost Per Unit • Three Units to be Delivered Vacant at Close • Potential to be Individually Metered for Gas & Electric • On-Site Parking and Laundry Room • Ideal Value-Add Opportunity • +/- 26% Rental Upside Potential • Only a few Blocks to the Beach • Minutes to Main Street, Abbott Kinney & Venice Beach 638 GRANT STREET | SANTA MONICA, CA

PR OPERTY D E S C R IPT IO N

PR OPE RTY DESCR I PT I O N

PLAYA APARTMENTS

ANNUAL OPERATING DATA

CURRENT

MARKET

$169,512

$213,960

($5,085) 3.00%*

($6,419) 3.00%*

$164,427

$207,541

($56,600) 33.39%*

($56,600) 26.45%*

$107,827

$150,941

$107,827 | 3.48%

$150,941 | 4.87%

SCHEDULED GROSS INCOME LESS VACANCY RESERVE

APN:

4289-005-005

GROSS OPERATING INCOME LESS EXPENSES NET OPERATING INCOME

ZONING:

SMOP2*

LESS DEBT SERVICE PRE‐TAX CASH FLOW

BUILDING:

± 3,740 SF

SITE:

LOT SIZE: ± 5,897 SF

UNITS:

ADDRESS:

USE:

8 | 3 VACANT

638 GRANT STREET SANTA MONICA, CA 90405

APARTMENT BUILDING

PLUS PRINCIPAL REDUCTION * As a percentage of Scheduled Gross Income. ** As a percentage of Down Payment.

ESTIMATED ANNUAL EXPENSES TAX YEAR

2021

TAX RATE

1.25% | $38,750

INSURANCE (NEW)

$1,870

MAINT. / REPAIRS

$4,000

*UTILITIES

*$8,880

RUBBISH

$1,500

MISC. / RESERVES

$1,600

TOTAL EXPENSES

$56,600

PER GROSS SQ. FT. EXPENSES PER UNIT * Currently the Landlord Pays for Utilities

LUCRUM GROUP | KW COMMERCIAL

$15.13 $7,075.00

638 GRANT STREET | SANTA MONICA, CA

PROPE RTY L E A S E DATA

SUMMARY PURCHASE PRICE

$3,100,000

DOWN PAYMENT

100% – $3,100,000

NUMBER OF UNITS COST PER LEGAL UNIT

MARKET

R E N T RO L L APT #

8 $387,500

BEDS / BATHS

RENTS

NOTES Vacant

$2,595.00

CURRENT GRM

18.29

14.49

$647.00

CURRENT CAP

3.48%

4.87%

$1,127.00

$2,595.00

$1,260.00

YEAR BUILT APPROX. BUILDING SF COST PER BUILDING SF APPROX. LOT SF

CURRENT

1957 ±3,740 $828.88 ±5,897

ZONING

SMOP2*

$1,850.00

PARKING

$1,407.00

LUCRUM GROUP | KW COMMERCIAL

Vacant

PR OPERTY L E A SE DATA

MONTHLY RENTAL INCOME:

PROPOSED FINANCING

$14,076.00*

MONTHLY LAUNDRY INCOME:

$50.00

LOAN

ALL CASH

MONTHLY GARAGE INCOME:

$0.00

INTEREST

MONTHLY OTHER INCOME:

$0.00

INTEREST TYPE

TERM (YRS.)

AMORTIZATION (YRS.)

TOTAL GROSS MONTHLY INCOME: UTILITIES PAID BY TENANT:

$14,126.00 SEE PROPERTY DESCRIPTION

* Based on Current Market Rates and Terms, which can change without notice. Buyer to verify.

SCHEDULED INCOME

CURRENT

MARKET

NO. OF UNITS

BEDS / BATHS

APPROX. SF

MONTHLY AVG. RENT / UNIT

MONTHLY INCOME

MONTHLY RENT / UNIT

MONTHLY INCOME

SINGLE

$1,221

$4,884

$1,850

$7,400

1+1

$2,298

$9,192

$2,595

$10,380

$14,076

$17,780

$50

MONTHLY SGI

$14,126

$17,830

ANNUAL SGI

$169,512

$213,960

MONTHLY SCHEDULED RENT LAUNDRY INCOME OTHER INCOME

UTILITIES PAID BY TENANT

SEE PROPERTY DESCRIPTION

638 GRANT STREET | SANTA MONICA, CA

H I G H L IG HTS & LO CAT IO N

PLAYA APARTMENTS H I G H LI GH TS

AT T RACT IVE COST PE R U NI T

N EA R M AI N STRE E T & A BBOT KINNEY

T H RE E UN ITS DE LIVE RE D VACA N T

O N LY SEVE RAL BLOCKS F R O M THE BEACH

RE N TA L U P SI DE P OTEN T I A L

Q U I ET R ES I D ENTIAL STR EET

ON S IT E PA RK I N G AVA I L A BL E

M I N UTE S TO R ETAIL & D INING

LUCRUM GROUP | KW COMMERCIAL

PL AYA APARTMENTS 638 GRANT ST. P IC

B LV

O D .

SIX

GR AN T ST .

H NT

638 GRANT STREET | SANTA MONICA, CA

AR E A OVE R VIEW

SANTA MONICA, CALIFORNIA OVERVIEW Santa Monica is a beachside city of 8.3 square miles on the westside of Los Angeles County. Offering an environment of unparalleled natural beauty, the city is home to a mix of residential communities, commercial districts, and recreational venues. Recently named by National Geographic as one of the Top “10 Beach Cities in the World” and by TIME as one of the “Best Places to Live”, Santa Monica features three miles of Pacific beaches and the Santa Monica Pier. Santa Monica’s residential population is approximately 93,000, increasing to an estimated 250,000 during the day with tourists, shoppers, and employees. Tourism attracts over 8 million visitors annually. Like other coastal beach communities, coastal erosion due to coastal infrastructure and high human usage is an increasing challenge, and will become worse due to sea level rise. Santa Monica has a history of developing environmental and sustainability strategies, with the most recent focus on community-wide carbon neutrality by 2050 or sooner.

QUICK FACTS • Santa Monica is conveniently a 30 minute drive from Downtown Los Angeles. • Santa Monica is home to “Silicon Beach,” a hub for Start-Up companies such as YouTube, Hulu & Snapchat.

AVERAGE HOUSEHOLD INCOME

2020 ESTIMATED POPULATION

$74,534

91,577

MEDIAN AGE

LUCRUM GROUP | KW COMMERCIAL

BACHELORS DEGREE OR HIGHER

46.5%

TOTAL HOUSEHOLDS

44,497

LOS ANGELES, CALIFORNIA OVERVIEW

The City of Los Angeles holds many distinctions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportunities like those presented in the expanding tech industry, Los Angeles is the place to be. It is the only city in North America to have hosted the Summer Olympics twice. Downtown L.A. is the largest government center outside of Washington, D. C. Los Angeles has the only remaining wooden lighthouse in the state (located in San Pedro’s Point Fermin Park) and the largest historical theater district on the National Register of Historic Places (located Downtown on Broadway). The Los Angeles Metro Rail is an urban rail transportation system serving Los Angeles County, California. It consists of six lines, including two subway lines and four light rail lines serving 93 stations. It connects with the Metro Busway bus rapid transit system and also with the Metrolink commuter rail system.

Los Angeles is on the leading edge of several growth industries. LA County, with more than 87,000 jobs in the fashion industry, has surpassed New York’s fashion district workforce. The LA Five-County area also has more than 700,000 people at work in health services / biomedical activities and 190,000 people in aerospace and technology. 638 GRANT STREET | SANTA MONICA, CA

INVESTMENT CONTACTS

RAY RODRIGUEZ

FOUNDING PARTNER D: +1 866-582-7865 M: +1 818-581-5829 ray@lucrumre.com Lic. #01402283

KARLA BARRIGA PARTNER D: +1 626-204-3494 M: +1 626-926-1304 kbarriga@kw.com Lic. #01935848

MATHEW FREEDMAN PARTNER D: +1 818-657-6500 M: +1 818-585-6888 matt@lucrumre.com Lic. #01487954

LOS ANGELES, CA 90016

OFFERING MEMORANDUM

CONFIDENTIALITY AND DISCLAIMER

NON-ENDORSEMENT NOTICE

The information contained in the following offering memorandum is proprietary

KW Commercial is not affiliated with, sponsored by, or endorsed by any lessee

and strictly confidential. It is intended to be reviewed only by the party receiving

and/or commercial tenant identified in this offering memorandum. The presence

it from KW Commercial and it should not be made available to any other person

of any corporation’s logo or name is not intended to indicate or imply affiliation

or entity without the written consent of KW Commercial. By taking possession of

with, or sponsorship or endorsement by, said corporation of KW Commercial,

and reviewing the information contained herein the recipient agrees to hold and

its affiliation or subsidiaries, or any agent, product, service, or commercial listing

treat all such information in the strict confidence.The recipient further agrees that

of KW Commercial, and is solely included for the purpose of providing tenant

recipient will not photocopy or duplicate any part of the offering memorandum.

lessee information about this listing to prospective buyers.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. KW Commercial has not made any investigations, and makes no warranty or representation with respect to the income or expense for the subject property, the future projected financial performance of the property, the size and square footage of the property, legality of units, and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state, and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, KW Commercial has not verified, and will not verify, any of the information contained herein, nor has KW Commercial conducted any investigations regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. All potential buyers must take appropriate measures to verify all of the information

2set forth herein. Each Office Independently Owned and Operated.

PROPERTY ACCESS & FINANCIAL All property showings are by appointment only, if approved by owner. Please do not walk the property or disrupt any tenants. Please contact KW Commercial | Daniel Kohanbash for more details. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied as to the accuracy of the information. All references, numbers, dates, expenses, projections, returns, financial indicators, and market rents are approximate. Buyer must independently verify the information and bears all risks for any inaccuracies.

OFFERING MEMORANDUM

DANIEL KOHANBASH FOUNDER | DKB REALTY ADVISORS SENIOR ASSOCIATE | KELLER WILLIAMS WESTSIDE OFFICE: 310.482.2528 CELL: 310.770.6247 EMAIL: DKBREALTYADVISORS@GMAIL.COM WEBSITE: WWW.DKBREALTYADVISORS.COM CALBRE # 02046316

EXECUTIVE SUMMARY DKB Real Estate Advisors of KW Westside, as the exclusive listing agent, is pleased to present the opportunity to acquire 2244 Ridgeley. 2244 Ridgeley is a 5,055 SQ. FT 5 unit apartment building with the potential of converting the garage to an ADU, located in the gentrifying Mid-City neighborhood of Los Angeles. This complex was built in 1977 and sits on an 9,594 SQ. FT Lot Zoned RD-1.5. The property positions itself to offer an investor a valueadd 5 unit apartment building that is fully vacant with a low cost per square foot basis, high pro-forma CAP and future redevelopment opportunity due to lot size. This well located property is centrally located and finds itself located near an abundance of amenities and businesses. Easy access to the 10 FWY, DTLA, Culver City, Beverly Hills, Santa Monica and more! I N T E R AC T I V E U N I T WA L K T H RO U G H S : UNIT 2: https://my.matterport.com/show/?m=NwNtmpvU7iX&mls=1 UNIT 3: https://my.matterport.com/show/?m=BDfZv34D6Db&mls=1 UNIT 4: https://my.matterport.com/show/?m=FbSNWcW3A3P&mls=1 UNIT 5: https://my.matterport.com/show/?m=sUQhdj5mDzZ&mls=1

HIGHLIGHTS APN

5063020001

CAP RATE 5.92

PRICE PER UNIT $340,000 PER UNIT

PRICE PER SQ/FT $336 / SQ FT

LOT SIZE 9,595 SF

5,055 SF - BUILDING SIZE

STRUCTURES

ONE SINGLE FAMILY 3 BEDROOM + ONE 4 UNIT + DETACHED GARAGE

HUGE UPSIDE

DELIVERED FULLY VACANT 5

FIN A NC IA L A NA LY S IS PROPERTY ANALYSIS

PROPERTY TOTALS

PRICE

$1,700,000

CAP EX

$400,000

DOWN PAYMENT

$680,000

40% Down

LOAN AMOUNT:

$1,020,000

INTEREST RATE:

4.0%

CAP

5.92%

GRM

11.8

60% LTV

CASH ON CASH

Fixed

ANNUAL ROI

8% PRO -FORMA

MONTHLY INCOME:

$14,800

SCHEDULE GROSS:

$177,600

EXPENSES:

30%

$53,280

NET OPERATING INCOME:

$124,320

LOAN PAYMENT:

$58,436

PRE-TAX CASH FLOW:

$65,884

PRINCIPAL REDUCTION

* All units to be delivered vacant. All numbers are based on projections. Buyer to verify and preform their own due diligence.

$17,635.63

R E N T R O LL UNIT MIX

CURRENT RENTS

PRO -FORMA UNIT MIX

Monthly

UNIT #

PRO -FORMA RENTS Monthly

FRONT HOUSE

3 and 2

Vacant

3 and 2

$3,000.00

UNIT 1

2 and 1

Vacant

2 and 2

$2,650.00

UNIT 2

2 and 1

Vacant

2 and 2

$2,650.00

UNIT 3

1 and 1

Vacant

2 and 2

$2,650.00

UNIT 4

1 and 1

Vacant

2 and 2

$2,650.00

ADU

$1,200.00

TOTAL SCHEDULED RENT:

$14,800

LAUNDRY:

OTHER INCOME:

MONTHLY SCHEDULED GROSS INCOME:

$14,800

A NNUAL SCHEDULED GROSS INCOME:

$177,600

* All units to be delivered vacant. All numbers are based on projections. Buyer to verify and preform their own due diligence.

L O C AT I O N

M I D - C I T Y, L A COMMUNITY Mid-City is a neighborhood in Los Angeles, California with a population of 55,983. Mid-City is in Los Angeles County. Living in Mid-City offers residents an urban suburban mix feel and most residents rent their homes. In Mid-City there are a lot of restaurants, coffee shops, and parks. Many young professionals live in Mid-City and residents tend to be liberal. The public schools in Mid-City are above average. Attractions include restaurants and a post office named for singer Ray Charles, who had his recording studio in Mid-City. The neighborhood hosts eleven public and private schools. The Crenshaw/LAX Line from north-south is proposed to serve this area. The 2000 U.S. census counted 52,197 residents in the 3.47-square-mile neighborhood—an average of 15,051 people per square mile, among the highest population densities in Los Angeles County. In 2008, the city estimated that the population had increased to 55,016. The median age for residents was 31, about average for both the city and the county. Mid-City was said to be “highly diverse” when compared to the city at large, with a diversity index of 0.637. The median household income in 2020 was $64,376, considered average for the nation. The percentage of households earning $20,000 or less was high, compared to the county at large. The average household size of 2.8 people was just about average for Los Angeles. Renters occupied 68.9% of the housing units, and home or apartment owners make up the rest.

AREA OVERVIEW LOCAL AMENITIES The mid-city area of Los Angeles offers some of the best restaurants and coolest attractions around, making it a prime date destination. By “mid city”, I’m referring to the area roughly between La Cienaga Blvd on the West and Western on the East, north of Pico and south of Melrose.

LACMA CITY LIGHTS N O TA B L E L A N D M A R K S The Los Angeles County Museum of Art (LACMA). It has a world-class collection of art from ancient to modern, from Europe to Asia. If you love art, it’s a “must see” in LA. But even if you don’t care much about art, it’s worth going because the grounds are very pleasant and park-like with many interesting sculptures but you can’t miss the famous City Lights array of streetlights.

THE GROVE

The Grove is a well-known date destination featuring dancing fountains, lots of shops, good restaurants, a working vintage trolley car, a movie theater, and an overall charming ambiance. Sure, getting there in rush-hour traffic is a chore, and the parking garage is a pain, but it’s still one of the nicest outdoor malls in Los Angeles. The collection of cars is diverse, spanning the time since the first motorized vehicles were made up to modern times. Visitors will enjoy the historical nature of the exhibits; this is not just a bunch of expensive cars, it’s a showcase of the history of car design. Mid-City is a convenient 10 Minute Drive to Downtown LA. It is considered the ‘Hub’ to access multiple cities, amenities and nightlife. Centered between Culver City, Downtown LA, Hollywood and Miracle Mile, the Mid-City market is very up and coming.

PETERSEN AUTO MUSEUM

ACCESSIBILITY

OLD PAS EAGLE ROCK GRIFFITH

HOLLYWOOD BOWL HOLLYWOOD

BEVERLY HILLS

DODGERS

UCLA

WILTERN

HBO

BEVERLY

AMAZON

LACMA

KENNETH HAHN

APPLE

CULVER CITY

DTLA

THE GROVE

PETERSEN

WEWORK

AMC

EAST L.A.

USC

CITADEL OUTLETS

CAL. SCIENCE CENTER

COMMERCE

GOOGLE SOUTH L.A.

YOUTUBE

BELL COMPTON

MARINA D.R.

INGLEWOOD

LAX SOUTH BAY

WATTS TOWERS

DOWNEY

LOS ANGELES OVERVIEW

The City of Los Angeles holds many distinctions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportunities like those presented in the expanding tech industry, Los Angeles is the place to be. It is the only city in North America to have hosted the Summer Olympics twice. Downtown L.A. is the largest government center outside of Washington, D. C. Los Angeles has the only remaining wooden lighthouse in the state (located in San Pedro’s Fermin Park) and the largest historical theater district on the National Register of Historic Places (located Downtown on Broadway). The Los Angeles Metro Rail is an urban rail transportation system serving Los Angeles County, California. It consists of six lines, including two subway lines and four light rail lines serving 93 stations. It connects with the Metro Busway bus rapid transit system and also with the Metrolink commuter rail system. 12

SAMPLE BOV

BROKER OPINION OF VALUE

KW COMMERCIAL | COASTAL PROPERTIES

BROKER OPINION OF VALUE INVE STME N T CON TACTS

JASON DUFAULT Managing Director 714.292.6478 jason@jdufault.com Lic. #01844551 Broker Lic. #01458187 6621 E PCH, SUITE 150 LONG BEACH, CA 90803

Jason DuFault - Bio

Jason serves as the Managing Director of KW Commercial at the Coastal Property offices in Long Beach California. He has been involved in real estate investment since 1997. He has powerful background in investment real estate, finance and real estate management. Jason has established himself as a valuable expert with asset managers, institutional entities, small to midsize corporations and private equity sellers. His extreme level of success is attributed to his extensive market knowledge, current trends and marketing strategies. However, what sets him apart from his competition the most is his belief, focus and approach to people. An investment in long term relationships is his key. He works with clients that enjoy doing business with him and whom he enjoys equally the

JASON DUFAULT Managing Director KW Commercial DRE# 01844551

KW COMMERCIAL | COASTAL PROPERTIES

same. With a never-ending commitment to the highest level of service, standards and strategies, he can ensure his clients achieve their investment objectives in any market. The assets and business opportunities he completes every year are diverse. They are as diverse as the clients he represents.

5 CONTINENTS LARGEST

INDEPENDENT REAL ESTATE FRANCHISE IN THE WORLD

180,000

REAL ESTATE PROFESSIONALS IN THE KW NETWORK

36 REGIONS NUMBER ONE

195+ LOCATIONS 1,000+

IN UNITS & SALES VOLUME IN THE UNITED STATES

OFFICES IN THE US AND CANADA & 5 CONTINENTS

EXCELLENCE

MOST INNOVATIVE

IN TRAINING, COACHING AND REAL ESTATE EDUCATION

REAL ESTATE COMPANY (INMAN NEWS)

In one of the most stunning David and Goliath stories

Keller Williams is a leader in global real estate. We offer

in real estate history, Keller Williams has surged past

comprehensive services to investors, property owners,

industry giants like RE/MAX, Coldwell Banker, and

tenants, and developers around the world. We have an

Berkshire Hathaway HomeServices to become the

established network and a proven model that sets the

number one real estate franchise in agent count, closed

framework for profitability in markets across the globe.

units, and closed sales volume in the United States*. In

We know that the strongest enterprises are driven by top

2017, the company’s 155,000 U.S. agents closed more

talent, and our growth strategy is completely centered

than 1 million units, generating more than $300 billion

on getting in business with the very best people in the

in sales revenue.

real estate industry across the globe. THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

THE SMITH ESTATE PORTFOLIO

CLASS

TITLE

BEST VALUE

MARKET VALUE

GOI

NOI

TARGET

CURRENT CAP

8219 19TH ST WESTMINSTER

TRIPLEX

$798,857

$508,364

$54,000.00

$27,960.00

3.50%

5.50%

8211 19TH ST WESTMINSTER

DUPLEX

$545,457

$347,109

$38,000.00

$19,091.00

3.50%

5.50%

8231 19TH ST WESTMINSTER

SFR

$520,000

8212 20TH ST WESTMINSTER

SFR

$668,000

8220 20TH ST WESTMINSTER

5PLEX

$922,826

$796,986

$75,000.00

$43,834.24

4.75%

5.50%

8232 20TH ST WESTMINSTER

SFR

Shows SFR

$675,000

TRIPLEX

Shows SFR

$875,200

$596,727

$58,800.00

$32,820.00

3.75%

5.50%

15972 PILGRIM CIR HB, CA 92647

SFR

$720,000

5612 NEVADA DR HB 92647

SFR

$699,000

11822 MOEN ST ANAHEIM, CA 92804

SFR

$525,000

TOTAL:

$6,949,340

$6,056,186

LOCATION

7781 RONALD DRIVE HB, CA 92647

KW COMMERCIAL | COASTAL PROPERTIES

M U LT I -U NI T EVALUAT IO N 7781 RONALD DRIVE | 3 DOORS

8211 19TH STREET | 2 DOORS

8220 20TH STREET | 5 DOORS

PURCHASE PRICE

$863,956.00

PURCHASE PRICE

$555,789.00

PURCHASE PRICE

$863,956.00

RENTS

$58,800.00

RENTS

$38,400.00

RENTS

$75,000.00

EXPENSES

ELECTRIC

$950.00

ELECTRIC

$500.00

ELECTRIC

$950.00

MAINTENANCE

$1,200.00

MAINTENANCE

$1,500.00

MAINTENANCE

$2,750.00

SECURITY

INSURANCE

$2,350.00

INSURANCE

$1,500.00

INSURANCE

$2,500.00

GEN REPAIRS

PROPERTY TAX

$10,453.26

PROPERTY TAX

$6,724.66

PROPERTY TAX

$10,453.26

OTHER COSTS

WATER/SEWER

$950.00

WATER/SEWER

$850.00

WATER/SEWER

$2,750.00

MANAGEMENT

$2,352.00

MANAGEMENT

$1,536.00

MANAGEMENT

$3,000.00

TERMITE

$1,200.00

TERMITE

$1,000.00

TERMITE

$1,200.00

LICENSE

$385.00

LICENSE

$385.00

LICENSE

$385.00

APARTMENT ASSOCIATION

$500.00

APARTMENT ASSOCIATION

$500.00

APARTMENT ASSOCIATION

$500.00

TOTAL REPAIRS

$20,340.26

TOTAL REPAIRS

$14,495.66

TOTAL REPAIRS

$24,488.26

CAPITAL IMPROV.

$1,925.00

CAPITAL IMPROV.

$1,925.00

CAPITAL IMPROV.

$1,925.00

HVAC

POOL EQUIP.

SIGNAGE

APPLIANCE

VACANCY

$1,052.52

VACANCY

$687.36

VACANCY

$1,342.50

CARPET

REFUR. APTS

$1,900.00

REFUR. APTS

$950.00

REFUR. APTS

$1,900.00

WINDOW COV.

BBQ

ATRIUM FLOOR

MISC

$1,500.00

MISC

$750.00

MISC

$1,500.00

TOTAL CAP. IMPR.

$6,377.52

TOTAL CAP. IMPR.

$4,312.36

TOTAL CAP. IMPR.

$6,667.50

NOI

$32,082.22

NOI

$19,591.98

NOI

$43,844.24

CAP RATE

DEBT SERVICE

MORTGAGE COUPON

NET CASH FLOW

$32,082.22

NET CASH FLOW

$19,591.98

NET CASH FLOW

$43,844.24

$2,673.52

$1,632.67

$3,653.69

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

8232 20TH ST, 926 8 3 8232 20th Street

This property is a non-conforming SFR sitting on a corner lot. At some point in the past it was converted to 3 units without permits. This

LOCATION

8232 20th St, Westminster CA 92683

CURRENT USE

Triplex Rental

units. This property has which appears to be a prescriptive easement.

LAND AREA

± 6,480 SF

It allows access to garages of the adjacent parcel and to the backyard of a 3rd parcel. (See Attached Definition). Prescriptive easements may

BUILDING DESCRIPTION

Built 1958 N-TRACT: 911 BLOCK: F LOT: 13

BUILDING AREA

± 1,734 SF (Tax Records)

ZONING

R1/ SFR

PROPERTY CONDITION

Deferred Maintenance

consists of a 3bedroom, 1 bath with detached garage, plus 2 studio

be difficult for an owner to discern, since they do not show up on title reports, and the exact location and/or use of the prescriptive easement is not always clear and occasionally moves by nature of the prescriptive use. Property does offer parking for 3 spots. The most significant issue impacting the subject property is the conversion to 3 units from SFR without permits. It minimizes valuation numbers at to the limits of market conversation and market pricing.

KW COMMERCIAL | COASTAL PROPERTIES

8232 20TH ST, WESTMINSTER CA 92683

M O N R

T 20

E ST .

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

8220 20TH ST, 926 8 3 8220 20th Street

This property is a Multi-Family property. Currently with 5 units and each Unit is 2bed and 1bath. The property offers 8 parking spots.

LOCATION

8220 20th St, Westminster CA 92683

CURRENT USE

Multi-Family

important detail to the garage parking access is the adjacent property

LAND AREA

± 6,700 SF

(8232 20th St.). The prescriptive easement provides that access. At this time both properties have same ownership therefore, conflicting

BUILDING DESCRIPTION

Built 1964 N-TRACT: 911 BLOCK: F LOT: 14

BUILDING AREA

± 4,215 SF

ZONING

Multi-Family

PROPERTY CONDITION

Fair / Deferred Maintenance

KW COMMERCIAL | COASTAL PROPERTIES

There are 3 garage spots and 5 additional parking spaces available. An

issues arising from this easement would not be expected. However, if the ownership were to be split, it could present clear issue to value. Currently 3 of the 5 tenants are HUD qualified for assistance. Please see the market analytics for asset performance.

8220 20TH ST, WESTMINSTER CA 92683

O N RO E ST . THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

821 2 20TH ST, 926 8 3 8212 20th Street

This property is a SFR. It offers 3bed and 2baths. and currently being used by the trustee as an office to conduct estate operations. This

LOCATION

8212 20th St, Westminster CA 92683

CURRENT USE

SFR

across 8232 and 8220 aforementioned properties. ADU request was

LAND AREA

± 6,750 SF

recently denied by the city. Any due diligence would be required by any buyer and would be at their own cost/time accordingly. The

BUILDING DESCRIPTION

Built 1957 N-TRACT: 911 BLOCK: F LOT: 15

BUILDING AREA

± 1,744 SF

ZONING

SFR

PROPERTY CONDITION

Fair / Deferred Maintenance

KW COMMERCIAL | COASTAL PROPERTIES

property also requires the use of the prescriptive easement that runs

significant challenge with this property is the prescriptive easement and it’s individual value and any challenges to the use of easement under separate ownership.

8212 20TH ST, WESTMINSTER CA 92683

O N RO E ST . THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

8231 1 9TH ST, 926 8 3 8231 19th Street

This property is an SFR. Tax records show a 2bed 1bath property at approx. 1014 SF. Currently is has 4 bedroom and 2bath. It appears,

LOCATION

8231 19th St, Westminster CA 92683

CURRENT USE

SFR

Value is negatively affected because of the unpermitted nature of the

LAND AREA

± 6,750 SF

alterations and/or additions. In addition, to what appear to be deferred maintenance issues.

BUILDING DESCRIPTION

Built 1940 N-TRACT: 911 BLOCK: F LOT: 1

BUILDING AREA

± 1,744 SF

ZONING

SFR

PROPERTY CONDITION

Fair / Deferred Maintenance

KW COMMERCIAL | COASTAL PROPERTIES

according to public record that the additions were unpermitted.

8231 19TH ST, WESTMINSTER CA 92683

20TH ST.

MO NR OE ST .

19TH ST.

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

821 9 1 9TH ST, 926 8 3 8219 19th Street

LOCATION

8219 19th St, Westminster CA 92683

CURRENT USE

Multi-Family

LAND AREA

± 6,534 SF

BUILDING DESCRIPTION

Built 1965 N-TRACT: 911 BLOCK: F LOT: 2

BUILDING AREA

± 2,529 SF

ZONING

Multi-Family Dwelling

PROPERTY CONDITION

Fair / Deferred Maintenance

KW COMMERCIAL | COASTAL PROPERTIES

This property is currently at multi-family property. It offers 3 units. Each unit is 2bed and 1bath with an approx. 2529 SF. There are 2 garages and offers some -off Street parking. Please see analysis. The current market CAP rates are 4.75% to 5.5% trade value.

8219 19TH ST, WESTMINSTER CA 92683

MO NR OE ST .

19 T H S T.

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

821 1 1 9TH ST, 926 8 3 8211 19th Street

LOCATION

8211 19th St, Westminster CA 92683

CURRENT USE

SFR

LAND AREA

± 6,534 SF

BUILDING DESCRIPTION

Built 1961 N-TRACT: 911 BLOCK: F LOT: 3

BUILDING AREA

± 926 SF

ZONING

SFR

PROPERTY CONDITION

Fair / Deferred Maintenance

KW COMMERCIAL | COASTAL PROPERTIES

This Property is listed as SFR as 2bed 1bath. It is currently used as a Duplex, both units are 2br 1bath, with a single car garage each. There are no records to show duplex as additional use permit or construction. As Duplex in SFR is designated.

8211 19TH ST, WESTMINSTER CA 92683

MO NR OE ST .

19 T H S T.

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

7 781 R O NA LD DR, 926 47 7781 Ronald Dr

LOCATION

7781 Ronald Dr, Huntington Beach CA 92647

CURRENT USE

SFR

LAND AREA

± 9,148 SF

BUILDING DESCRIPTION

Built 1961 SEC: 26 T 5 : R 11 POR SE1/4

BUILDING AREA

± 2,509 SF

ZONING

SFR

PROPERTY CONDITION

Fair / Deferred Maintenance

KW COMMERCIAL | COASTAL PROPERTIES

This property is currently used as Triplex in SFR zoning. Each unit is 2bed 1 bath. Each unit has garage parking. The sister-property shares common access of driveway. See analysis. The current market CAP rates are 4.75% to 5.5%

7781 RONALD DR, HUNTINGTON BEACH CA 92647

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

1 1822 M O EN ST, 92 8 04 11822 Moen St

This property is a SFR. Tax records indicate 4bed and 2 bath. Current tenant has it subleased for sober-living facility and is need

LOCATION

11822 Moen St, Anaheim CA 92804

CURRENT USE

SFR

who runs it as a sober-living facility. Sublease and sober living facility

LAND AREA

± 7,200 SF

negatively effects value for resale.

BUILDING DESCRIPTION

Built 1955 N-TRACT: 2227 LOT: 60

BUILDING AREA

± 1,163 SF

ZONING

SFR

PROPERTY CONDITION

Below Average / Deferred Maintenance

KW COMMERCIAL | COASTAL PROPERTIES

of maintenance. Rented for many, many years to the same “tenant”

11822 MOEN ST, ANAHEIM, CA 92804

P O E S

S THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

1 597 2 PI LG RI M C I R , 926 47 15972 Pilgrim Cir

LOCATION

15972 Pilgrim Cir, Huntington Beach CA 92647

CURRENT USE

SFR

LAND AREA

± 6,045 SF

BUILDING DESCRIPTION

Built 1962 N-TRACT: 4141 LOT: 18

BUILDING AREA

± 1,269 SF

ZONING

SFR

PROPERTY CONDITION

Good / 2020 Remodel

KW COMMERCIAL | COASTAL PROPERTIES

This property is currently a SFR. This property offers 4bed and 2bath with 2 car attached garage. 4 br 2 ba, attached 2 car garage. Rehabbed in 2020. Culdesac location.

15972 PILGRIM CIR, HUNTINGTON BEACH CA 92647

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

5 61 2 NEVA DA DR , 926 47 5612 Nevada Dr

LOCATION

5612 Nevada Dr, Huntington Beach CA 92647

CURRENT USE

SFR

LAND AREA

± 6,100 SF

BUILDING DESCRIPTION

Built 1963 N-TRACT: 4367 LOT: 45

BUILDING AREA

± 1,128 SF

ZONING

SFR

PROPERTY CONDITION

Good / 2020 Remodel

KW COMMERCIAL | COASTAL PROPERTIES

This property is currently used as a SFR. The property offers a 3 bedroom and 2baths with attached 2 car garage. Backs to a commercial property. Rehabbed to rental quality in spring 2020.

NEV

5612 NEVADA DR, HUNTINGTON BEACH CA 92647

ADA DR. THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

CO M PE T I T IVE PRO PERT I ES

KW COMMERCIAL | COASTAL PROPERTIES

13761 LOCUST STREET

7291 MAIN STREET

8172 20TH STREET

ADDRESS

13761 Locust St, Westminster, CA 92683

ADDRESS

7291 Main St, Westminster, CA 92683

ADDRESS

8172 20th St, Westminster, CA 92683

SALE PRICE

$739,000

SALE PRICE

$930,000

SALE PRICE

$980,000

DAYS ON MARKET

7811 11TH STREET ADDRESS

7811 11th St, Westminster, CA 92683

SALE PRICE DAYS ON MARKET

6001 ROYALIST DRIVE

6562 MEATH CIRCLE

ADDRESS

6001 Royalist Dr, Huntington Beach, CA 92647

ADDRESS

6562 Meath Cir, Huntington Beach, CA 92647

$670,000

SALE PRICE

$730,000

SALE PRICE

$780,000

DAYS ON MARKET

5622 NEVADA DRIVE

13941 CARDILLO DRIVE

13641 WILSON STREET

ADDRESS

5622 Nevada Dr, Huntington Beach, CA 92647

ADDRESS

13941 Cardillo Dr, Westminster, CA 92683

ADDRESS

13641 Wilson St, Westminster, CA 92683

SALE PRICE

$730,000

SALE PRICE

$727,000

SALE PRICE

$742,000

DAYS ON MARKET

8642 TWANA DRIVE

11731 YANA DRIVE

13761 HARPER STREET

ADDRESS

8642 Twana Dr, Garden Grove, CA 92841

ADDRESS

11731 Yana Dr, Garden Grove, CA 92841

ADDRESS

13761 Harper St, Westminster, CA 92683

SALE PRICE

$650,000

SALE PRICE

$690,000

SALE PRICE

$690,000

DAYS ON MARKET

7652 WYOMING STREET

14040 TIFFANY DRIVE

13641 WILSON STREET

ADDRESS

7652 Wyoming St, Westminster, CA 92683

ADDRESS

14040 Tiffany Dr, Westminster, CA 92683

ADDRESS

13641 Wilson St, Westminster, CA 92683

SALE PRICE

$630,000

SALE PRICE

$561,000

SALE PRICE

$742,000

DAYS ON MARKET

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

WESTMINSTER, CA AREA OVERVIEW By 1963, the Orange County population had surpassed one million, as tourism, manufacturing and the service industries took over local economies once Disneyland opened its gates in 1955. During the 1960s, Westminster’s population exploded, more than doubling in a single decade from 25,000 at the beginning of the 1960s to 60,000 by 1970. As a result, the majority of the City’s residential neighborhoods were built during this time. Westminster continued to thrive throughout the 1960s and 1970s, especially after the Southland Freeway (I-405) system was completed and the Westminster Mall was constructed, the latter of which became a regional attraction that continues to be the City’s primary sales tax generator. As commerce and tourism continued to develop throughout the city and county, municipal construction projects in Westminster—including a new administration building, senior citizens facility, fire department buildings, and a renovation of the civic auditorium—demonstrated the prosperity of the time. By the

WESTMINSTER, CA

end of the 1970s, very little vacant land remained in Westminster, and some of the community’s older buildings had already reached the end of their useful life and were redeveloped.

AVERAGE HOUSEHOLD INCOME

$61,834

2020 ESTIMATED POPULATION

KW COMMERCIAL | COASTAL PROPERTIES

91,137

BACHELORS DEGREE OR HIGHER

27%

MEDIAN AGE

TOTAL HOUSEHOLDS

27,617

HUNTINGTON BEACH, CA AREA OVERVIEW Huntington Beach is a seaside city within Orange County in Southern California. It is bordered by the Pacific Ocean on the west, and has been long known for its long 8.5 miles of beautiful beach, mild climate, and excellent surfing, earning it the nickname of Surf City. Surf, sand, sun and subtle sophistication encapsulate what the City of Huntington Beach is all about. Named the “Best City to Live in Orange County” by the Orange County Register readers, Huntington Beach offers residents a charming community with ideal weather, a diversified economy overflowing with good jobs, a wide variety of housing, an excellent educational system, boat marinas, numerous parks, and exemplary health care. The City of Huntington Beach is located along the Southern California coast in Orange County, 35 miles south of Los Angeles and 90 miles north of San Diego. Named for railroad magnate Henry Huntington who orchestrated its development, the city is now an epicenter of activity and entertainment with wide, sandy beaches.

HUNTINGTON BEACH, CA

AVERAGE HOUSEHOLD INCOME

$82,554

2020 ESTIMATED POPULATION

200,259

BACHELORS DEGREE OR HIGHER

43%

MEDIAN AGE

TOTAL HOUSEHOLDS

77,665

THE SMITH ESTATE PORTFOLIO | LOS ANGELES, CA

Executive Summary & Conclusion

In conclusion, the properties listed in this portfolio have values that meet both individual retail and portfolio pricing scenarios. Best value refers to pricing that would best be reflected in the suggested list price as a result of our analysis. This scenario assumes a full retail marketing plan/agenda. They reflect current market conditions as of Nov 2020 through present and would be the top value recommended. Any value changes beyond this pricing listed would be unexpected and generated by unseen events. Any unexpected increases/decreases in market demand could change pricing as well. The Portfolio pricing scenario considers all of the properties valued in their entirety. These scenarios would be marketed towards institutional investors and investment opportunity groups/

JASON DUFAULT Managing Director KW Commercial DRE# 01844551

individuals. All values listed in the portfolio scenario take into consideration the following: condensed escrow terms and times, no concessions, no repairs, limited or discounted broker fees. In addition to no financing and no appraisals required. All pricing recommendations also reflect the current COVID pandemic, Government remedies to current real estate and financial turmoil being experienced, tenant challenges and vacancy potential.

KW COMMERCIAL | COASTAL PROPERTIES

JASON DUFAULT Managing Director 714.292.6478 jason@jdufault.com Lic. #01844551 Broker Lic. #01458187