Multifamily Sept2007

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: September 2007 Property Address 534 S Oxford Ave 1206 Irolo St 1550-1560 S Ardmore Ave 240 S Western Ave 3210 Pasadena Ave 2037 Yosemite Dr 722 S Ardmore Ave 206 S Boyle Ave 264 W Valencia Ave 827 S Wilton Pl 450 S Manhattan Pl 5217-5233 Hollywood Blvd 3954 Ursula Ave 619 N Hayworth Ave 120 S Oxford Ave 3862 Potomac Ave 1902 Wellington Rd 4326 W Martin Luther King Jr Blvd 4400 W Martin Luther King Jr Blvd 701 S Hobart Blvd 501 N Kings Rd 8566 W Olympic Blvd 821 W 62nd St 2028 S Beverly Glen Blvd 2314 W Pico Blvd 229 S Westlake Ave

Sale Price $3,066,000 $575,000 $700,000 $6,500,000 $957,000 $900,000 $7,200,000 $660,000 $1,000,000 $1,750,000 $1,500,000 $10,000,000 $3,145,000 $1,600,000 $1,195,000 $1,080,000 $1,070,000 $900,000 $875,000 $4,700,000 $1,850,000 $1,540,000 $575,000 $1,900,000 $1,030,000 $790,000

Year Built 1989 1922 1924 1925

# Of Units 20

Price Per Unit $153,300

1963 1960 1966 1986 1986 1953 1928 1960

5 60 12 5 38 6 6 18 12 101 38

$140,000 $108,333 $79,750 $180,000 $189,474 $110,000 $166,667 $97,222 $125,000 $99,010 $82,763

1957 1957

9 24

$132,778 $45,000

1955 1955 1962

10 20 17

$90,000 $43,750 $276,471

1939 1926 1954 1922 1926

5 5 6 17 12

$308,000 $115,000 $316,667 $60,588 $65,833

Bldg SF 14,787 4,276 4,706 44,988 6,839 3,739 25,288 4,454 4,800 12,406 9,216 89,694 38,581 7,584 8,078 19,070 4,550 8,029 16,058 29,793 9,162 5,166 2,194 4,390 9,408 6,150

Price Per SF $207.34 $134.47 $148.75 $144.48 $139.93 $240.71 $284.72 $148.18 $208.33 $141.06 $162.76 $111.49 $81.52 $210.97 $147.93 $56.63 $235.16 $112.09 $54.49 $157.76 $201.92 $298.10 $262.08 $432.80 $109.48 $128.46

Cap Rate 4.91 3.16 7.81

GRM

8.82

6.50

11.70

5.27 3.00

12.80

4.32

14.50

Zoning R4, Los Angeles R3, Los Angeles County R2, Los Angeles C2, Los Angeles RD1.5, Los Angeles R4-4, Los Angeles R4, Los Angeles R4, Burbank R3, Los AngeleS R4, Los Angeles C2 & R3, Los Angeles R4-1, Los Angeles R3 R4-1, Los Angeles LAR3 R4-1, Los Angeles R4, Los Angeles

4.29 11.00 3.76 6.70 6.76

R3, Los Angeles RD2 16.61 9.10 10.90

C2, Los Angeles R3, Los Angeles

Sale Date 9/5/2007 9/7/2007 9/11/2007 9/13/2007 9/13/2007 9/13/2007 9/14/2007 9/14/2007 9/17/2007 9/19/2007 9/19/2007 9/20/2007 9/21/2007 9/21/2007 9/21/2007 9/21/2007 9/21/2007 9/21/2007 9/21/2007 9/24/2007 9/24/2007 9/24/2007 9/24/2007 9/25/2007 9/25/2007 9/25/2007

Report provided by Omar Ting & Adam Peterson | The DT Group | Multi-Family Specialists | Downtown, USC, Silverlake/Echo Park, and Koreatown 1927 N San Fernando Rd 3930 Ursula Ave 714 W Colden Ave 9025 National Blvd 1443 S Bonnie Brae St 854 S Sherbourne Dr 11930 Louise Ave 1648 EDGECLIFFE DR 5044 Maplewood Ave 7144 Ramsgate Ave 1607 S Gramercy Dr Average

$1,450,000 $2,855,000 $700,000 $2,380,000 $1,950,000 $1,550,000 $1,400,000 $1,250,000 $1,078,000 $845,000 $640,000 $1,977,189

1940 1962 1951 1952 1929 1955 1962 1962 1961 1952 1949

30 34 8 20 40 6 11 7 8 5 6 19

$48,333 $83,971 $87,500 $119,000 $48,750 $258,333 $127,273 $178,571 $134,750 $169,000 $106,667 $131,750

21,723 29,758 5,600 11,654 19,110 5,495 6,198 4,862 6,188 3,402 3,622

$66.75 $95.94 $125.00 $204.22 $102.04 $282.07 $225.88 $257.10 $174.21 $248.38 $176.70 $176.21

5.46 11.97

3.80

14.98

5.79 -

11.50 -

M1, Los Angeles R4-1, Los Angeles LAR4 C4, Los Angeles LARD1.5 LAR3 LAR3 R4-1, Los Angeles R3, Los Angeles R31a, Los Angeles

9/26/2007 9/27/2007 9/27/2007 9/28/2007 9/28/2007 9/28/2007 9/28/2007 9/28/2007 9/28/2007 9/28/2007 9/28/2007

*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: 7.75% 6-Mo Libor: 5.006% 12-MTA 4.863% COFI 4.359% 10-Yr CMT: 4.52% 10-Yr Treas: 4.391% *as of October 21st, 2007