BEVERLY Blvd
Los Angeles, CA 90004

Prime Silverlake Development Site! GROSS ESTIMATED PROFIT (Excluding Land Value): $29,308,200 T.O.C. Tier 3 Maximum Density: 101 Units (Current Concept Plan 100 Units) Type III Construction (5 Residential Stories) Parking: 1 Level Underground + 1 Level on Grade 71 1Bedroom Market Units (Average Size: 604 SF) x $2600 Estimated Rent = $2,215,200 Gross Income 19 2Bedroom Market Units (Average Size: 945 SF) x $3200 Estimated Rent = $729,600 Gross Income 9 1Bedroom TOC Low Income Units x $373 Maximum Rent = $40,284 Gross Income 1 2Bedroom TOC Low Income Unit x $420 Maximum Rent = $5,040 Gross Income Parking for 100 Cars x $100 Estimated Parking Rent = $120,000 Gross Income 4324 SF Commercial Space x $2.00 SF Estimated Commercial NNN Rent = $103,776 Gross Income Total Estimated Gross Income: $3,213,900 Total Estimated Net Income: $2,466,369 (25% Estimated Expenses for Residential Units) Completed Development Value: $54,808,200 (Estimated 4.5% Cap Rate) Estimated Hard and Soft Costs (Excluding Land Value): $25,500,000 ___________________________________________________________________________________ GROSS POTENTIAL PROFIT (Excluding Land Value): $29,308,200 __________________________________________________________________________________ PHASE I COMPLETED! ASBESTOS LEAD REPORT COMPLETED! SOILS INVESTIGATION COMPLETED! SURVEY COMPLETED! NO SPECIFIC AREA PLAN RESTRICTIONS! NO HISTORIC SITE RESTRICTIONS! NO NEIGHBORHOOD NIMBY OPPOSITION TO DEVELOPMENT! EXISTING IMPROVEMENTS ANNUAL NOI = $196,000 WILL CONSIDER JV PROPOSALS