Email Blast October 28th 2007

OMAR TING

ADAM PETERSON

Senior Associate- Multi-Family, & Land Specialist Phone: 818.760.1018 x247 Fax: 818.760.1038

Senior Associate Phone: 818.760.1018 x230

Fax: 818.760.1038

Contact Omar Ting or Adam Peterson for complete information on any of the following opportunities or to be added or removed from this list

October 15, 2007 – October 29, 2007 Exclusive Listings 1101-1107 Waterloo Street Los Angeles, CA 90026

10 Units

1101-1105 ½ Waterloo Street – 7 Bungalow-Style Apartment Units These seven units are arranged into three separate bungalow-style, single-story structures. The unit mix consists of six one-bedroom/one-bath units, and one single (bedroom is combined with living space, but kitchen is a separate room). Renters are willing to pay a premium for “bungalow-style” units (compare with 1+1 apartment units nearby) because of the privacy and convenience—each tenant is essentially renting his/her own small home and is able to park directly in front of their unit. Each bungalow unit has either its own private front or back yard. All seven units have separate front and rear entrances. Bungalow Amenities: The tenants share a common laundry room at the rear of the property, which provides the landlord with approximately $250 per month of income. The entire property is fully gated with two cast iron swinging gates providing vehicle access. As a potential future upgrade, the buyer could motorize these gates to provide additional convenience for tenants. The only utility paid by the owner is water, which keeps total operating expenses low. Additionally, the entire property boasts numerous mature cypress, palm, and other desirable trees.

1107 & 1107 ½ Waterloo Street – Large House & Small House 1107 Waterloo is a large 5-bedroom/2-bath house which operates as a duplex (but legally listed as a single unit). Downstairs is a 2-bed/1-bath unit that has front and rear entrances, washer and dryer, kitchen, and a large private, gated front yard. Upstairs is a 3-bed/1-bath unit, which also has its own washer and dryer, and kitchen. Access to this unit is from the stairs located at the rear of the house. Combined rent is $4,000 for the house. 1107 ½ Waterloo is a small, private 1-bed/1-bath house located in the rear of the property; the house has a kitchen and its own washer and ST dryer. $1,700,000 GET OFFER IN SOON, LIKELY TO GO UNDER CONTRACT LAST WEEK OF OCT, OR 1 WEEK OF NOV. 2007

249 East Vernon Avenue Los Angeles, CA 90011

26 Units

The Vernon is your bread-and-butter bricker (5.5% cash-on-cash return). It is comprised of twenty-one singles and five one-bedroom/onebathroom units for a total of twenty-six units. The property generates $150 per month of billboard revenue; as one of the main feeders onto the 110 Freeway, Vernon Avenue is one of the busiest streets in this area of Los Angeles. The roof is approximately five years old and the majority of the plumbing remains galvanized. Approximately nine of the twenty-six units have been renovated; the current owner has turned the units as they are vacated. The main entrance has also been re-tiled. The landlord enjoys low vacancy rates and is able to fill units quickly due to the building’s high visibility on Vernon Ave. The Vernon is offered at a current CAP rate of 6.56% and GRM of 8.41. The upside in rental income is approximately 21% (assuming $850 and $950 per month for the singles and 1+1’s respectively). Cash flow for the new buyer is 5.5% (assuming a 50% down payment and 6.5% fixed APR amortized over 30 years). Additionally, there is an extra-large basement with kitchen facilities (size of basement is roughly the same size as the first floor footprint) that is currently unused. The basement can potentially be used as storage or rented on a per-day basis for birthday parties or gatherings. We have not reflected this as potential rent on the setup page. $1,900,000

1155 West 27th Street Los Angeles, CA 90007

5 Units

North University Park Historic USC Student Housing Building located between Hoover and Magnolia. This five-unit building is comprised of one 4-unit building on the front (South) of the property, and one 1-unit building at the back (North). Each of the 4-units in the front house is 3bedrooms/1-bathroom. The rear unit is a 1-bedroom/1bathroom apartment. This property features 13 total bedrooms. Every unit has a living room, dining room, kitchen, small laundry room, and separate front and rear entrances. The 1-bed/1-bath unit rests atop 4 garages used for storage. There is a driveway leading to a paved lot behind the building allowing parking for 2 to 4 cars depending on the owner's preferred configuration. $1,175,000 UNDER CONTRACT

OMAR TING

ADAM PETERSON

Contact Omar Ting or Adam Peterson for complete information on any of the following opportunities or to be added or removed from this list

October 15, 2007 – October 29, 2007 Recent Sales Property Address Downtown 269 S La Fayette Park Pl. 224 S Occidental Blvd. 625 Bixel St. 134 S. Bonnie Brae 313 S. Rampart Blvd. 274 S. La Fayette Park Pl. 438 S. Rampart Blvd. 227 S. Carondelet St. 229 S. Westlake Ave. 508 Union Dr. Silverlake/ Echo Park 3455 La Clede Ave. 1519-1525 Griffith Park Bl. 1680 Griffith Park Blvd. 117 N. Toluca St. 4041 Baywood St. 1915 Santa Ynez St. 742 Maltman Ave. 1648 Edgecliffe Dr. Koreatown 519 S Gramercy Pl. 1237 Magnolia Ave. 1617 S Hoover St. 708 S. Oxford Ave. 515 S. Hobart Ave. 128 S. Mariposa Ave. 823 S. Oxford Ave. 4851 Beverly Blvd. 423 S. Hoover Ave. 851 S. Kenmore Ave. 538 S. Normandie Ave. 532 N. Juanita Ave. 825 S. Ardmore Ave. 936 Elden Ave. 345 S. Alexandria Ave. 968 S. Harvard Blvd. 3051 Leeward Ave. 744 S. Catalina St. 711-721 S. Harvard Blvd. 3700 W. 1st St. 849 S. Harvard Blvd. 534 S. Oxford Ave. 240 S. Western Ave. 722 S. Ardmore Ave. 827 S. Wilton Pl. 450 S. Manhattan Pl. 120 S. Oxford Ave. 701 S. Hobart Blvd. 5044 Maplewood Ave. 130 N. Westmoreland Ave. USC 1550 W. 22nd Pl.

Price

Year Built

Units

Price/ Unit

$40,100,000 $720,000 $3,995,000 $2,075,000 $1,435,000 $18,027,000 $1,200,000 $1,650,000 $790,000 $1,457,000

n/a 1941 1928 1957 1923 1972 1922 1993 1926 1924

268 6 77 26 19 117 16 10 12 24

$149,627 $120,000 $51,883 $79,808 $75,526 $154,077 $75,000 $165,000 $65,833 $60,708

n/a 1(sng) 4(1+1) 1(2+1) 76(0+1) 1(1+1) 18(0+1) 8(1+1) 18(0+1) 1(1+1) 3(sng) 105(1+1) 9(2+2) 14(0+1) 2(1+1) 2(1+1) 6(2+2) 2(3+2) 12(1+1) 19(0+1) 5(1+1)

4.16% 6.05% 6.20% n/a 7.40% 3.90% n/a 3.50% 6.80% 5.40%

12.58 n/a 8.12 n/a 9.72 10.14 n/a 15.09 10.90 9.56

n/a 4,635 20,764 15,282 11,000 71,835 9,248 8,750 6,150 13,422

$180.81 $155.34 $192.40 $135.78 $130.45 $250.95 $129.76 $188.57 $128.46 $108.55

6/27/2007 6/28/2007 7/11/2007 7/19/2007 7/23/2007 8/8/2007 8/14/2007 8/22/2007 9/25/2007 10/11/2007

$950,000 $4,000,000 $1,700,000 $840,000 $860,000 $865,000 $1,334,750 $1,250,000

1964 1929 1920 1912 1963 1908 1962 1962

7 32 8 12 8 10 6 7

$135,714 $125,000 $212,500 $70,000 $107,500 $86,500 $222,458 $178,571

6(1+1) 1(2+1) 17(0+1) 15(1+1) 4(1+1) 4(2+2) 7(0+1) 5(1+1) 5(1+1) 3(2+1) 10(sng) 2(1+1) 4(2+1) 2(2+2) 5(2+1)

4.20% n/a 5.90% n/a 6.00% n/a 5.00% 3.80%

15.73 n/a n/a n/a n/a n/a 12.22 14.98

4,986 27,584 6,164 6,702 5,500 5,001 6,548 4,862

$190.53 $145.01 $275.79 $125.34 $156.36 $172.97 $203.84 $257.10

6/6/2007 6/13/2007 6/13/2007 7/6/2007 7/31/2007 8/1/2007 8/28/2007 9/28/2007

$6,300,000 $1,280,000 $1,832,000 $2,700,000 $3,650,000 $2,875,000 $1,680,000 $1,055,000 $2,715,000 $2,399,000 $6,625,000 $1,690,000 $1,980,000 $850,000 $23,350,000 $665,000 $4,050,000 $3,750,000 $3,500,000 $1,000,000 $2,965,000 $3,066,000 $6,500,000 $7,200,000 $1,750,000 $1,500,000 $1,195,000 $4,700,000 $1,078,000 $2,200,000

1986 1965 1929 1964 1981 1964 n/a 1949 1964 1939 1941 1984 1989 1909 1989 1960 1926 1927 1964 1949 1988 1989 1925 1960 1986 1953 1957 1962 1961 1926

40 9 21 20 11 27 16 6 24 32 40 12 10 5 104 6 47 40 26 12 15 20 60 38 18 12 9 17 8 24

$157,500 $142,222 $87,238 $135,000 $331,818 $106,481 $105,000 $175,833 $113,125 $74,969 $165,625 $140,833 $198,000 $170,000 $224,519 $110,833 $86,170 $93,750 $134,615 $83,333 $197,667 $153,300 $108,333 $189,474 $97,222 $125,000 $132,778 $276,471 $134,750 $91,667

9(sng) 28(1+1) 3(2+2) 1(sng) 2(1+1) 5(2+1) 1(3+2) 20(sng) 1(2+1) 8(1+1) 12(2+1) 10(2+2) 1(3+4) 26(1+1) 1(2+2) 16(1+1) 2(1+1) 4(2+1) 6(0+1) 12(1+1) 6(2+1) 32(1+1) 40(sng) 4(1+1) 8(2+1) 4(1+1) 6(2+1) 5(1+1) 32(1+1) 72(2+2) 5(1+1) 1(2+1) 47(1+1) 40(1+1s & 1+0s) 26(0+0) 4(0+1) 8(1+1) 6(1+1) 9(2+2) 20(1+1) 57(0+0s & 0+1s) 3(1+1) 5(0+1) 27(1+1) 6(2+2) 18(1+1) 4(0+1) 7(1+1) 1(2+1) 7(1+1) 2(2+1) 2(1+1) 15(2+2) 6(1+1) 2(2+2) 12(0+1) 12(1+1)

n/a 6.90% n/a n/a 3.30% 4.70% n/a n/a 5.40% 6.90% 4.20% n/a n/a n/a 3.90% 4.4% n/a n/a 3.90% 4.40% n/a 4.90% 7.80% n/a n/a 5.30% 4.30% n/a n/a 7.50%

n/a 10.00 n/a n/a 17.82 11.76 n/a n/a 11.40 10.42 n/a n/a n/a 15.45 14.44 13.00 n/a n/a 15.60 n/a 14.38 n/a 8.82 n/a n/a 12.80 14.50 n/a n/a n/a

30,866 6,800 8,791 13,748 16.368 19,255 12,804 13,760 19,000 11,923 13,158 10,460 10,312 4,225 97,036 3,980 21,784 22,796 11,498 6,336 10,844 14,787 44,988 25,288 12,406 9,216 8,078 29,793 9,398 18,013

$204.11 $188.24 $208.39 $196.39 $223.00 $149.31 $131.21 $76.67 $142.89 $201.21 $503.50 $161.57 $192.01 $201.18 $240.63 $167.09 $185.92 $164.50 $304.40 $157.83 $273.42 $207.34 $144.48 $284.72 $141.06 $162.76 $147.93 $157.76 $114.71 $122.13

6/4/2007 6/14/2007 6/14/2007 6/15/2007 6/21/2007 7/3/2007 7/9/2007 7/16/2007 7/17/2007 7/24/2007 7/25/2007 7/31/2007 8/8/2007 8/16/2007 8/16/2007 8/17/2007 8/22/2007 8/22/2007 8/23/2007 8/24/2007 8/28/2007 9/5/2007 9/13/2007 9/14/2007 9/19/2007 9/19/2007 9/21/2007 9/24/2007 9/28/2007 10/4/2007

6

$84,500

n/a

5.60%

14.70

2,453

$206.69

7/27/2007

$507,000 1922

Unit Mix

CAP Price/ Rate GRM Sq. Ft. Sq. Ft.

COE

OMAR TING

ADAM PETERSON

Contact Omar Ting or Adam Peterson for complete information on any of the following opportunities or to be added or removed from this list

October 15, 2007 – October 29, 2007 Available Properties Property Address Downtown 1454 W. 3rd St. 309 S. Westlake Ave. 406 S. Coronado St. 508 S. Park View 366 S. Columbia Ave. 241 Westlake Ave. 211 S. Carondelet St. 1331 Albany St. 520 S. Rampart Blvd. 1545-1559 W. 12th St. 428 Witmer St. 1318 Maryland St. 119 S. Bonnie Brae 1114 West 18th St. 1416 W. Olympic Blvd. Silverlake/ Echo Park 1433 Miramar St. 2017 Bellevue Ave. 280 Witmer St. 974 W. Kensington Rd. 3324 Bellevue Ave. 250 Witmer St. 811 Kodak Dr. 1133 Logan St. 737 Silver Lake Blvd. 1250 N. Kingsley Dr. 836 N. Lafayette Pk. 2723 W. Sunset Blvd. 1000-1006 N. Coronado St. Koreatown 4367 Oakwood Ave. 3950 W. 8th St. 845 S. Normandie 838-844 S. Wilton Pl. 205 N. Kenmore Ave. 325 N. Alexandria Ave. 700 S. Irolo St. 750 Irolo St. 512 N. Heliotrope Dr. 941 S. Kenmore Ave. 2853 Francis Ave. 149 S. Westmoreland Ave. 563 N. Heliotrope Dr 451 N. Western Ave. 1317 Fedora St. 511 S. Alexandria Ave. 956 Elden Ave. 3715 W. 1st St. 353 S. Kenmore Ave. 443 S. Wilton Pl. 138 S. Westmoreland Ave. 135 S. Westmoreland Ave. 3049 W. 8th St. 150 S. Westmoreland Ave. 838 S. Kenmore Ave. 341 S. Gramercy Pl. 428 S. Mariposa Ave. 527 S. Hobart Blvd. 724 S. Berendo St. 2820 W. 8th St. USC 1187-1199 W. 37th Dr. 2131 Oak St. 311 W. 33rd St. 2621 Juliet St.

Year Price Built Units $/ Unit

Unit Mix

CAP $/ Sq. Rate GRM Sq. Ft. Ft.

Notes

$2,250,000 $2,250,000 $1,289,000 $1,295,000 $915,000 $950,000 $800,000 $1,400,000 $920,000 $1,398,000 $810,000 $2,250,000 $1,480,000 $1,300,000 $1,500,000

1922 1924 1922 1922 1958 1955 1925 1924 1922 1920 1949 1913 1925 1965 1908

27 30 13 18 9 8 6 20 8 8 8 30 16 10 24

$83,333 24(sng) 3(1+1) $75,000 30(sng) $99,153 12(sng) 1(bch) $71,944 2(1+1) 16(sng) $101,667 8(1+1) 1(sng) $118,750 7(1+1) 1(2+1) $133,333 4(1+1) 2(2+1) $70,000 20(sng) $115,000 1(stu) 3(1+1) 1(1+2) 3(2+1) $174,750 n/a $101,250 8(1+1) $75,000 n/a $92,500 8(1+1) 8(sng) $130,000 6(1+1) 3(2+1) 1(3+1) $62,500 21(stu) 3(1+1)

5.30% 6.42% 6.90% 5.14% 5.20% 6.00% 4.00% 5.70% n/a n/a 4.00% 6.25% 5.58% 4.78% n/a

10.64 8.61 n/a 10.13 12.60 11.40 15.08 9.84 12.03 n/a 14.60 n/a n/a n/a 12.05

13,440 17,598 6,250 11,659 5,608 5,586 5,410 9,088 7,866 3,744 4,928 17,424 10,182 7,176 11,542

$167.41Separately Metered, Refurb. Roof $127.86Master Metered Gas & Electricity, Laundry $206.24Plumbing & Electrical Upgrades $111,07Plenty of Upside, Convenient Location $163.16Good Upside $170.06Separately Metered, Laundry $147.87Separately Metered, Common Area $154.05High Area Demand for Singles $116.96Good Location, Some Renovation $373.40New Paint and Landscaping $164.37Parking for 8, Upside $129.13New Water Heater and Roof $145.35Gated Entry, Laundry, Small Backyard $181.16On-Site Parking, Freeway Access $129.96Sub-Market Rents, Commercial Zoning

$1,995,000 $869,000 $1,725,000 $1,200,000 $1,925,000 $1,350,000 $1,995,000 $895,000 $575,000 $3,350,000 $1,700,000 $2,895,000 $1,795,000

1949 1902 1923 1961 1928 1938 1926 1924 1965 1960 1920 1916 1919

24 5 23 10 6 10 14 5 5 20 5 18 7

$83,125 $173,800 $75,000 $120,000 $320,833 $135,000 $142,500 $179,000 $115,000 $167,500 $340,000 $160,833 $257,000

6.70% n/a 6.08% 4.96% 5.23% 4.40% 7.80% n/a 5.12% 5.90% n/a 7.11% 5.00%

10.60 n/a 9.72 n/a n/a 16.07 10.00 n/a 11.43 n/a n/a 10.22 13.38

10,584 3,482 11,100 5,484 5,244 6,876 6,373 2,880 3,548 17,678 5,700 15,042 7,250

$188,49Corner Lot 13,000 Sq. Ft. $249.57One Vacant Unit $155.41100% Occupied, Assumable Loan $218.81Separately Metered, Upside Potential $367.09Fully Remodeled, New Appliances $196.34Parking, Upside, Separately Metered $313.04Parking, Separately Metered, Views $310.76Central Echo Park, Just North of Park $162.06Separately Metered, Copper Plumbing $189.50Entitled for Condo Conversion $298.25Detached 2+1 Single Family Home $192.46Upgraded Units, Just Reduced $248.14Architectural Remodel

$1,399,995 $3,095,000 $1,599,000 $3,190,000 $3,050,000 $898,500 $5,400,000 $1,150,000 $940,000 $1,750,000 $1,500,000 $850,000 $1,700,000 $3,500,000 $2,175,000 $2,800,000 $2,099,000 $5,130,000 $2,550,000 $4,990,000 $2,999,000 $1,099,000 $7,400,000 $980,000 $5,690,000 $2,999,995 $2,140,000 $5,595,000 $3,875,000 $2,395,000

1928 1926 1921 1963 1925 1927 1962 1951 1963 1923 1931 1926 1923 1924 1925 1955 1963 1926 1925 1957 1926 1926 1926 1925 1990 1929 1921 1930 1992 1924

26 35 20 20 31 7 30 9 7 24 17 8 20 32 30 15 14 55 10 24 33 13 143 6 25 12 6 50 18 31

$53,846 7 (1+1) 19(sng) $88,429 24(sng) 11(1+1) $79,950 19(sng) 1(1+1) $159,500 n/a $98,387 31(sng) $128,357 n/a $180,000 13(1+1) 17(2+2) $127,778 2(sng) 7(1+1) $134,286 4(1+1) 3(2+1) $72,916 24(sng) $88,235 n/a $106,250 2(1+1) 6(2+1) $85,000 19(sng) 1(1+1) $109,375 24(stu) 8(retail) $72,500 30(sng) $186,667 7(sng) 8(1+1) $146,928 8(1+1) 6(2+2) $93,272 1(bchl) 34(sng) 20(1+1) $255,000 4(sng) 4(1+1) 2(3+2) $207,917 4(2+2) 20(1+1) $90,879 33(1+1) $84,538 n/a $51,748129(bchl) 6(1+1) 1(2+1) 1(3+2) $163,333 4(3+1) 2(stu) $227,600 6(1+1) 12(2+2) $250,000 12(2+1) $356,667 6(3+2) $111,900 6(bchl) 35(sng) 9(1+1) $215,278 3(sng) 6(1+1) 9(2+2) $77,258 13(sng) 18(1+1)

6.66% 5.20% 5.40% 4.00% 5.30% 5.68% 6.15% 5.43% 4.16% 5.21% 6.57% 5.24% 5.20% 6.03% 6.32% 3.32% 5.04% 5.21% n/a n/a n/a 8.00% 5.96% n/a 5.00% 5.87% 5.00% 6.05% n/a 6.12%

9.76 n/a 10.40 15.42 11.10 11.64 11.21 11.57 13.94 9.28 10.40 n/a 10.41 9.98 9.00 n/a n/a 10.09 n/a 15.40 10.25 14.00 7.54 n/a 13.90 14.49 10.79 11.44 13.00 9.60

13,952 23,400 9,365 17,760 15,408 4,556 30,020 5,927 6,566 13,800 10,158 8,458 9,632 19,280 15,060 9,445 13,924 40,183 13,533 19,384 18,604 7,776 47,848 6,158 20,457 15,739 11,100 32,501 14,250 13,431

$100.34 2 Non-Conforming, Laundry $132.26 Secured, Brick Construction, Laundry $170.74Well-Maintained, Separately Metered $179.62 30% Upside $197.95 Separately Metered Electricity, New Roof $197.21 Spanish Courtyard/ Bungalows $179.88 Subter. Parking, Pool, Elevator, Upgrades $194.03 Parking for 7, Well-Maintained $143.16Copper Plumbing, Well-Maintained $126.81Laundry, Separately Metered for Gas Only $147.67Building Bolted, Separately Metered $100.50Separately Metered, Wood/Stucco $176.50New Roof, Separately Metered $181.54Original Period Interiors, Mixed Use $144.42Upside, Laundry, Singles Demanded Area $296.4511,630 Sq.Ft. Lot $150.75Fenced Property, Upside Potential $127.67Good Upside & Unit Mix, Low Vacancy $188.43Corner Lot, R4 Zoning $257.43Near Hancock Park, R3 Zoning $161.20Upgraded Units $141.33Upside, Low Price Per Unit $154.665-Story Brick, Six Commercial Storefronts $170.51Large Units, Individually Metered $278.14Built in 1990, Balconies $190.61100% Leased, Roof Solar Panels $192.79Luxury Building w/ Parking $172.15Subterranean Parking $271.93Built in 1992 $182.41Remodeled Stucco Building

$1,000,000 $1,999,000 $1,100,000 $699,000

1921 1924 1922 1906

8 6 12 5

$125,000 $333,167 $91,667 $139,800

n/a 6.00% 5.10% 6.71%

n/a 12.59 11.60 9.86

3,358 5,834 7,104 3,958

$297.80Bungalows, Separately Metered, Parking $342.65Near Student Tram, Secured, Parking $154.842 Blocks from Campus $189.49Separately Metered

6(1+1) 18(sng) n/a 1(2+1) 22(0+1) 10(1+1) 4(1+1) 2(2+1) n/a 12(0+1) 1(1+1) 1(2+1) 1(3+2) 4(sng) 4(1+1) 1(2+1) 13(1+1) 7(2+2) 3(2+1) 2(1+1) 10(1+1) 6(stu) 2(2+1) 2(SFR) 4(1+1) 1(2+1)

8(1+1) 1(5+2) 1(4+2) 4(3+1) 12(1+1) 1(1,2,3,4,5 + 1)