Multifamily August2007

Report provided by Omar Ting & Adam Peterson | The DT Group | Multi-Family Specialists | Downtown, USC, Silverlake/Echo Park, and Koreatown

Market Activity Report: Multi-Family Los Angeles: August 2007 Property Address 11857 Texas Ave 4108 Marathon St 2330 Crenshaw Blvd 1915 Santa Ynez St 3913 Montclair St 12110 Rochester Ave 8424 S Western Ave 1124 N Kenmore Ave 6307 Crenshaw Blvd 703 W 79th St 7609 Whitsett Ave 1153 Lillian Way 1926-1930 W Jefferson Blvd 274 S La Fayette Park Pl 1325 N Poinsettia Pl 1813-1817 Grace Ave 4750 Lincoln Ave (2 Prop’s) 345 S Alexandria Ave 4330 Mclaughlin Ave 1927 N San Fernando Rd 12524 Culver Blvd 909 S St Andrews Pl 2555 S Sepulveda Blvd 936 Elden Ave 530-534 1/2 W 76th St 624 S Ridgeley Dr

Sale Price $3,400,000 $3,380,000 $1,070,000 $865,000 $735,000 $7,300,000 $1,375,000 $1,050,000 $970,000 $645,000 $1,372,000 $1,077,000 $1,000,000 $18,027,000 $2,775,000 $1,400,000 $0 $23,350,000

$2,950,000 $2,280,000 $895,000 $850,000 $545,000 $1,600,000

Year Built 1988 1928 1928 1908 1965 1986 1958 1989 1954 1958 1961 1953 1982 1972 2002 1924 1989 1989 1940 1963 1960 1951 1909 1914 1939

# Of Units 9 30 16 10 6 18 17 5 9 6 15 10 12 117 9 10 508 104 14 30 21 16

Price Per Unit $377,778 $112,667 $66,875 $86,500 $122,500 $405,556 $80,882 $210,000 $107,778 $107,500 $91,467 $107,700 $83,333 $154,077 $308,333 $140,000

Bldg SF 8,960 24,320 11,475 5,001 4,123 26,199 11,576 11,712 8,726 3,728 12,068 6,124 15,891 71,835 9,785 4,616

$224,519

5 6 6

$170,000 $90,833 $266,667

97,036 14,495 21,723 18,640 9,404 3,366 4,225 2,874 6,044

$140,476 $142,500

Price Per SF $379.46 $138.98 $93.25 $172.97 $178.27 $278.64 $118.78 $89.65 $111.16 $173.02 $113.69 $175.87 $62.93 $250.95 $283.60 $303.29 $0.00 $240.63

$158.26 $242.45 $265.89 $201.18 $189.63 $264.73

Cap Rate n/a n/a n/a n/a n/a 4 n/a 6.63 6.06 n/a 6.83 n/a n/a 3.63 4.91 n/a n/a 3.85 n/a n/a n/a n/a n/a n/a n/a 3.04

GRM 19.1 n/a n/a n/a n/a n/a n/a n/a 10.11 n/a 9.98 n/a n/a n/a 14.9 n/a n/a 14.44 15.71 n/a n/a n/a n/a 15.45 n/a 18.13

Zoning R3-1, Los Angeles R4-2, Los Angeles R3, Los Angeles RD2, Los Angeles R3, Los Angeles R3, Los Angeles R3, Los Angeles RD1.5, Los Angeles C2-1, Los Angeles RD1.5, Los Angeles R3, Los Angeles R3, Los Angeles C2, Los Angeles R4, Los Angeles R3, Los Angeles R4, Los Angeles R4-2, Los Angeles R3, Los Angeles M1, Los Angeles R4, Los Angeles R3, Los Angeles LAR3 R4, Los Angeles R3, Los Angeles R4, Los Angeles

Sale Date 8/1/2007 8/1/2007 8/1/2007 8/1/2007 8/1/2007 8/2/2007 8/2/2007 8/2/2007 8/2/2007 8/2/2007 8/6/2007 8/7/2007 8/7/2007 8/8/2007 8/8/2007 8/8/2007 8/9/2007 8/13/2007 8/13/2007 8/13/2007 8/15/2007 8/15/2007 8/16/2007 8/16/2007 8/16/2007 8/17/2007

Report provided by Omar Ting & Adam Peterson | The DT Group | Multi-Family Specialists | Downtown, USC, Silverlake/Echo Park, and Koreatown 968 S Harvard Blvd 1724 El Cerrito Pl 10319 Almayo Ave 2309 S Ridgeley Dr 920 S Hobart Blvd 3051 Leeward Ave 7323 Willoughby Ave 744 S Catalina St 923 Irolo St 227 S Carondelet St 855 W 84th St 711-721 S Harvard Blvd 1638 Serrano Ave 849 S Harvard Blvd 742 Maltman Ave 11822 Goshen Ave 2033 N Vermont Ave 3330 Chapman St Average

$665,000 $2,085,000 $1,190,000 $4,200,000 $4,050,000 $3,779,000 $3,750,000 $2,770,000 $1,650,000 $3,500,000 $750,000 $2,965,000 $1,334,750 $0 $1,500,000 $925,000 $2,850,619

1960 1939 1962 1950 1928 1926 1957 1927 1929 1993 1908 1964 1922 1988 1962 1988 1940 1963

6 8 6 10 49 47 19 40 32 10 8 26 15 6 10 8 12 31.5

$110,833 $347,500 $119,000 $85,714 $86,170 $198,895 $93,750 $86,563 $165,000 $134,615 $197,667 $222,458 $187,500 $77,083 $158,630

3,980 5,148 7,522 5,930 28,760 21,784 12,640 94,944 20,060 8,750 3,332 11,498 3,900 10,844 6,548 14,337 5,680 7,018 15,968

$167.09 $277.19 $200.67 $146.04 $185.92 $298.97 $39.50 $138.09 $188.57 $304.40 $192.31 $273.42 $203.84 $0.00 $264.08 $131.80 $187.48

4.39 n/a n/a 5.02 n/a n/a 5.45 n/a n/a 3.49 n/a 3.94 n/a n/a 5.97 n/a n/a 5.69 -

13 n/a n/a 12.64 n/a n/a 11.96 n/a n/a 15.09 n/a 15.6 n/a 14.38 12.22 n/a n/a n/a -

R4, Los Angeles R4, Los Angeles R3, Los Angeles R3-1, Los Angeles R4, Los Angeles R4, Los Angeles R3, Los Angeles LAR4 LAR4 R3, Los Angeles R3, Los Angeles R4, Los Angeles R4, Los Angeles R3, Los Angeles R3-1, Los Angeles R3, Los Angeles RD2, Los Angeles

8/17/2007 8/20/2007 8/21/2007 8/21/2007 8/22/2007 8/22/2007 8/22/2007 8/22/2007 8/22/2007 8/22/2007 8/22/2007 8/23/2007 8/24/2007 8/28/2007 8/28/2007 8/29/2007 8/31/2007 8/31/2007

*Source: CoStar Comps Average Cap Rate & Average GRM have been omitted due to unavailability of complete information. The values that are reported may or may not be exact figures. Key Rates Prime: 8.250% 6-Mo Libor: 5.458% 12-MTA 4.933% COFI 4.277% 10-Yr CMT: 4.410% 10-Yr Treas: 4.491% th *as of September 16 , 2007