2050 Dracena Drive ~ Los Feliz, 90027

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MARKETING PRESENTATION OFFERING HIGHLIGHTS 20-Units Two Blocks from Popular Los Feliz Village!

1-bedroom and studio units Opportunity to increase rents by 5% annually One block from bustling

Metro Station is one mile south 2050 Dracena Drive ~ Los Feliz, 90027 Exclusively listed for

1 MARKETING PRESENTATION OFFERING HIGHLIGHTS 20-Units Two Blocks from Popular Los Feliz Village! Charming Spanish-style building circa 1924 on a quiet residential street Bright & spacious 1-bedroom and studio units Opportunity to increase rents by 5% annually One block from bustling Hillhurst/Ambrose restaurants & shops Griffith Park entrance is one mile north Sunset/Vermont Metro Station is one mile south 2050 Dracena Drive ~ Los Feliz, Exclusively listed for $4,300,000 PRESENTED BY: Prosser Stevens Real Estate Investments properties@prosserstevens.com

CONTENTS PROPERTY ANALYSIS Summary Neighborhood Information Photography Financial Summary Rent Roll Financing Quotes Sold Comparables Rent Comparables CONTACT

2 CONTENTS PROPERTY ANALYSIS Summary Neighborhood Information Photography Financial Summary Rent Roll Financing Quotes Sold Comparables Rent Comparables CONTACT Mike Matthias BRE# office cell Prosser Stevens Real Estate Investments fax ProsserStevens.com

Vermont & Hillhurst Los Feliz Village DESCRIPTION Units 20 Square Footage 11,240 Intersection Ambrose Avenue Total Lot Size 10,389 Market Los Feliz Zoning Type LAR3 Parcels 5590-006-006 Year Built

3 Vermont & Hillhurst Los Feliz Village DESCRIPTION Units 20 Square Footage 11,240 Intersection Ambrose Avenue Total Lot Size 10,389 Market Los Feliz Zoning Type LAR3 Parcels Year Built 1924 HIGHLIGHTS Property Prosser Stevens Real Estate Investments proudly presents the exclusive listing of 2050 Dracena Drive. The charming 20-unit property, built in 1924, features bright and spacious units two blocks from popular Los Feliz Village. The unit mix includes (4) one-bedroom, one-bathroom apartments and (16) large studios. Area Located two blocks north of Los Feliz Village between Franklin Avenue and Los Feliz Blvd. The Vermont/Sunset Metro Station is one mile south. Griffith Park is one mile north.

NEIGHBORHOOD INFORMATION The neighborhood of Los Feliz is an affluent area with multimillion dollar

The subject property is one block from the popular Hillhurst/Ambrose restaurants & shops.

The Vermont/Sunset Metro station is one mile from the property and several bus lines that run along

World-renowned Griffith Observatory sits atop Griffith Park, which is one of the largest urban parks

4 NEIGHBORHOOD INFORMATION The neighborhood of Los Feliz is an affluent area with multimillion dollar homes and a strong multifamily market. Nearly 70% of housing is tenant occupied. The subject property is one block from the popular Hillhurst/Ambrose restaurants & shops. The heart of Los Feliz Village is two blocks from the property. The Vermont/Sunset Metro station is one mile from the property and several bus lines that run along Los Feliz Blvd. Nearby hospitals include Kaiser Permanente and Hollywood Presbyterian. World-renowned Griffith Observatory sits atop Griffith Park, which is one of the largest urban parks in North America; there are miles of hiking trails, The Greek Theater, rugged terrain and an old zoo. The world-famous Hollywood Bowl amphitheater is less than four miles from the property.

6 FINANCIAL ANALYSIS

7 RENT ROLL

8 FINANCING QUOTES

13 ON MARKET & SOLD COMPARABLES 3335 Rowena Ave

14 SUBJECT PROPERTY: 2050 Dracena Drive On Market: September 2015 Year Built: 1924 Unit Mix: (4)1+1, (16) studio LISTED UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $4,300, ,240 $383 $215, % Rowena Avenue Sold: 6/15/2015 Year Built: 1927 Unit Mix: (1) 4+3, (4) 2+1, (6) 1+1 SOLD COMPARABLES SOLD UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $3,587, ,281 $387 $326, % N. Hobart Blvd. Sold: 6/5/2015 Year Built: 1954 Unit Mix: (2) 2+1, (12) 1+1 SOLD UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $4,040, ,160 $332 $288, % 1745 N. Mariposa Avenue Sold: 7/16/2015 Year Built: 1912 Unit Mix: (3) 2+1, (3) 1+1 SOLD UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $1,725, ,406 $319 $287, Ambrose Avenue Sold: 4/30/2015 Year Built: 1967 Unit Mix: (9) studio SOLD UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $2,150, ,062 $304 $238, L. Ron Hubbard Way Sold: 7/15/2015 Year Built: 1941 Unit Mix: (16) 1+1 SOLD UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $3,700, ,832 $419 $231, %

15 SUBJECT PROPERTY: 2050 Dracena Drive On Market: September 2015 Year Built: 1924 Unit Mix: (4)1+1, (16) studio ON MARKET COMPARABLES LISTED UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $4,300, ,240 $383 $215, % Rowena Avenue Listed: 6/11/2015 Year Built: 1948 Unit Mix: (1) , (4) 2+1 ON MARKET UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $1,875, ,224 $301 $375, % Franklin Avenue Listed: 7/23/2015 Year Built: 1954 Unit Mix: (12) 1+1 ON MARKET UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $3,499, ,306 $659 $291, % 3161 Rowena Avenue Listed: 5/12/2015 Year Built: 1946 Unit Mix: (4) 1+1, (4) studio PENDING UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $2,250, ,592 $490 $281, % De Longpre Avenue Listed: 12/26/2014 Year Built: 1967 Unit Mix: (18) 1+1, (2) studio PENDING UNITS BLDG S.F. PRICE/S.F. PRICE/UNIT CAP GRM $4,750, ,680 $324 $237, %

RENT COMPARABLES Rent Unit Address $1,825 1+1 1649 Rodney Dr.

16 RENT COMPARABLES Rent Unit Address $1, Rodney Dr. $1, N Edgemont St. $1,550 Studio 1570 N Edgemont St. $1,550 Studio 1800 N Normandie Ave.

17 CONTACT Mike Matthias BRE# office Prosser Stevens Real Estate Investments fax

FOUNTAIN ARMS A 14 UNIT VALUE-ADD INVESTMENT OPPORTUNITY LOCATED IN EAST HOLLYWOOD (LOS ANGELES), CALIFORNIA. hfflp.com

hfflp.com FOUNTAIN ARMS A 14 UNIT VALUE-ADD INVESTMENT OPPORTUNITY LOCATED IN EAST HOLLYWOOD (LOS ANGELES), CALIFORNIA Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a real estate