Executive Summary

• Property Currently in REAP with Low Severity Level Violations Due to Plumbing Sealants and Fixtures, Lighting Fixture and Wall/Floor/Ceiling Maintenance Issues
• Significant Rental Upside – Potential of Over Fifty Percent
• True Value-Add Opportunity – One Unit to Be Delivered Vacant Upon the Close of Escrow
• Echo Park/Westlake Neighborhood Location with Massive Development and Gentrification in the Immediate Area
• Participated in Lead Hazard Remediation Program (LHRP) and Certified by County of Los Angeles that All Units Have Been Mitigated for Any Lead Risks
• Recent Upgrades Include All New Windows, New Roof, New Gutters, New Concrete Driveway and New Sewer Main Line
• Separately Metered for Gas and Electric
• Five On-Site, Gated Parking Spaces