5480 Quakertown Ave - Woodland Hills, CA

5480 QUAKERTOWN AVE

WOODLAND HILLS, CA 91364

JAMES CAPITAL ADVISORS

MARKETING PACKAGE

TABLE OF

Contents CONTENTS

SECTION

Property Overview

01

Financial Analysis

02

Location Overview

03

MEET YOUR ADVISORS

mike hanassab Senior Director (424) 325-2642

elliot hassan Senior Director (424) 325-2643

John katnik Senior Associate (424) 325-2644

danny spiwak Associate (424) 325-2645

SECTION ONE

PROPERTY OVERVIEW

PROPERTY OVERVIEW

DETAILS

Street Address

5480 Quakertown Ave

City State Zip Code APN

CA 91364 2166-003-019

Occupancy

Roof

Flat

Parking

60 Spaces

Number of Buildings

1

Zoning

LAR3

Number of Stories

2

Unit Mix

Water

37,785 SF

Electric

Lot Size

46,773 SF

Gas

1969

57 96%

Rentable Square Feet

Year Built

4

Woodland Hills

Number of Units

Construction

Master-Metered

(5) Single / 1 Bath (43) 1 Bed / 1 Bath (9) 2 Bed / 2 Bath

Individually Metered Master-Metered Wood-Frame Stucco

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

PROPERTY OVERVIEW

HIGHLIGHTS

Affluent Woodland Hills Sub-Market The subject property is located south of Ventura Blvd which is surrounded by multimillion dollar homes.

Generational Asset - 57 Units This sub-market presents a high barrier to entry. There are less than 10 apartment buildings within a one-mile radius.

Prime Location This property is located one mile from Pierce College, which has more than 20,000 students enrolled every semester.

Dense Retail Population The subject property is surrounded by many national investment grade retailers as well as Taft Charter High School, with approximately 2,500 enrolled students.

Approximately 20% in Rental Upside There is opportunity to grow the net operating income through an extensive renovation program. Additionally, the property is master -metered for gas which allows for an owner to increase rents by up to 5% annually.

5

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

SECTION TWO

FINANCIAL ANALYSIS

FINANCIAL ANALYSIS

PRICING ANALYSIS

$14,000,000 Price Price per Unit Price per Square Foot

$14,000,000 $245,614 $370.52

CURRENT

PRO FORMA

4.57%

5.98%

13.76

11.38

Gross Income

$989,934

$1,197,017

Expenses

$350,490

$359,300

NOI

$639,444

$837,717

CAP Rate GRM

This information has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless James Capital Advisors, Inc. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

7

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

FINANCIAL ANALYSIS

FINANCING

Down Payment

$5,600,000 (40%)

Loan Amount

$8,400,000

Interest Rate

3.75%

Amortization / Fixed-Period

30-Year / 5-Year

Term

8

360 Months

CURRENT

PRO FORMA

Debt Service

-$466,821

-$466,821

Pre-Tax Cash Flow

$172,624

Principle Reduction

-$154,457

Total Return

$327,081

(3.08%)

$370,896

(6.62%)

-$154,457 (5.84%)

$525,354

(9.38%)

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

FINANCIAL ANALYSIS

INCOME AND EXPENSE ANNUAL

9

INCOME

CURRENT

PRO FORMA

Base Rental Income

$1,017,216

Laundry Income

ANNUAL

EXPENSE

CURRENT

PRO FORMA

$1,230,600

Property Taxes

$163,800

$163,800

$3,335

$3,335

Insurance

$11,408

$11,408

Gross Potential Income

$1,020,551

$1,233,935

Water

$28,737

$28,737

Vacancy Allowance

$30,516

Gas

$13,642

$13,642

Effective Gross Income

$989,934

Telephone

$553

$553

Operating Expenses

$350,490

Repairs & Maintenance

$28,500

$28,500

Net Operating Income

$639,444

Trash

$7,763

$7,763

Onsite Manager

$25,000

$25,000

Management Fee

$40,688.64

$49,224

Rent Registration Fees

$3,798

$3,798

Pest Control

$500

$775

Landscaping

$4,485

$4,485

Pool

$1,520

$1,520

Direct Assessments

$4,643

$4,643

Miscellaneous

$1,202

$1,202

Reserves

$14,250

$14,250

Operating Expenses

$350,490

$359,300

(3%)

$36,918

(3%)

$1,197,017 (35%)

$359,300 $837,717

(30%)

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

FINANCIAL ANALYSIS

RENT SCHEDULE

PRO FORMA

PRO FORMA

$2.73

$1,750

$2.77

$1,628

$1.81

$2,200

$2.44

632 SF

$1,279

$2.02

$1,750

$2.77

1 Bed / 1 Bath

632 SF

$1,550

$2.45

$1,750

$2.77

104

1 Bed / 1 Bath

632 SF

$1,600

$2.53

$1,750

$2.77

105

2 Bed / 2 Bath

900 SF

$1,652

$1.84

$2,200

$2.44

106

Single / 1 Bath

500 SF

$1,454

$2.91

$1,500

$3.00

107*

1 Bed / 1 Bath

632 SF

$1,750

$2.77

$1,750

$2.77

108

Single / 1 Bath

500 SF

$1,395

$2.79

$1,500

$3.00

109

1 Bed / 1 Bath

632 SF

$1,625

$2.57

$1,750

$2.77

110

1 Bed / 1 Bath

632 SF

$1,262

$2.00

$1,750

$2.77

111

1 Bed / 1 Bath

632 SF

$1,242

$1.97

$1,750

$2.77

112

1 Bed / 1 Bath

632 SF

$1,268

$2.01

$1,750

$2.77

113

1 Bed / 1 Bath

632 SF

$1,550

$2.45

$1,750

$2.77

114

1 Bed / 1 Bath

632 SF

$1,560

$2.47

$1,750

$2.77

115

1 Bed / 1 Bath

632 SF

$1,242

$1.97

$1,750

$2.77

116

1 Bed / 1 Bath

632 SF

$1,625

$2.57

$1,750

$2.77

UNIT #

UNIT TYPE

SQ. FOOTAGE

RENT

RENT PER SF

100

1 Bed / 1 Bath

632 SF

$1,726

101

2 Bed / 2 Bath

900 SF

102

1 Bed / 1 Bath

103

RENT

RENT PER SF

*Vacant.

10

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

FINANCIAL ANALYSIS

RENT SCHEDULE

PRO FORMA

PRO FORMA

$2.53

$1,750

$2.77

$1,250

$1.98

$1,750

$2.77

632 SF

$1,309

$2.07

$1,750

$2.77

Single / 1 Bath

500 SF

$1,153

$2.31

$1,500

$3.00

124

1 Bed / 1 Bath

632 SF

$1,304

$2.06

$1,750

$2.77

125*

2 Bed / 2 Bath

900 SF

$2,200

$2.44

$2,200

$2.44

126

1 Bed / 1 Bath

632 SF

$1,575

$2.49

$1,750

$2.77

127

1 Bed / 1 Bath

632 SF

$1,243

$1.97

$1,750

$2.77

128**

1 Bed / 1 Bath

632 SF

$1,595

$2.52

$1,750

$2.77

129

1 Bed / 1 Bath

632 SF

$1,282

$2.03

$1,750

$2.77

201

1 Bed / 1 Bath

632 SF

$1,600

$2.53

$1,750

$2.77

202

1 Bed / 1 Bath

632 SF

$1,495

$2.37

$1,750

$2.77

203

1 Bed / 1 Bath

632 SF

$1,282

$2.03

$1,750

$2.77

204

1 Bed / 1 Bath

632 SF

$1,625

$2.57

$1,750

$2.77

205

2 Bed / 2 Bath

900 SF

$1,995

$2.22

$2,200

$2.44

206

2 Bed / 2 Bath

900 SF

$1,652

$1.84

$2,200

$2.44

207

1 Bed / 1 Bath

632 SF

$1,600

$2.53

$1,750

$2.77

UNIT #

UNIT TYPE

SQ. FOOTAGE

RENT

RENT PER SF

117

1 Bed / 1 Bath

632 SF

$1,600

118

1 Bed / 1 Bath

632 SF

119

1 Bed / 1 Bath

120

RENT

RENT PER SF

*Manager’s Unit. **Section 8.

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5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

FINANCIAL ANALYSIS

RENT SCHEDULE

PRO FORMA

PRO FORMA

$2.26

$1,500

$3.00

$2,000

$2.22

$2,200

$2.44

632 SF

$1,282

$2.03

$1,750

$2.77

1 Bed / 1 Bath

632 SF

$1,550

$2.45

$1,750

$2.77

212

1 Bed / 1 Bath

632 SF

$1,230

$1.95

$1,750

$2.77

213

1 Bed / 1 Bath

632 SF

$1,495

$2.37

$1,750

$2.77

214

1 Bed / 1 Bath

632 SF

$1,266

$2.00

$1,750

$2.77

215

1 Bed / 1 Bath

632 SF

$1,293

$2.05

$1,750

$2.77

216

1 Bed / 1 Bath

632 SF

$1,625

$2.57

$1,750

$2.77

217*

1 Bed / 1 Bath

632 SF

$1,595

$2.52

$1,750

$2.77

218

1 Bed / 1 Bath

632 SF

$1,549

$2.45

$1,750

$2.77

219

2 Bed / 2 Bath

900 SF

$1,560

$1.73

$2,200

$2.44

220

Single / 1 Bath

500 SF

$1,119

$2.24

$1,500

$3.00

221

1 Bed / 1 Bath

632 SF

$1,558

$2.47

$1,750

$2.77

222

1 Bed / 1 Bath

632 SF

$1,282

$2.03

$1,750

$2.77

223

1 Bed / 1 Bath

632 SF

$1,293

$2.05

$1,750

$2.77

224

1 Bed / 1 Bath

632 SF

$1,650

$2.61

$1,750

$2.77

UNIT #

UNIT TYPE

SQ. FOOTAGE

RENT

RENT PER SF

208

Single / 1 Bath

500 SF

$1,131

209

2 Bed / 2 Bath

900 SF

210

1 Bed / 1 Bath

211

RENT

RENT PER SF

*Vacant.

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5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

FINANCIAL ANALYSIS

RENT SCHEDULE

PRO FORMA

PRO FORMA

$1.69

$2,200

$2.44

$1,266

$2.00

$1,750

$2.77

632 SF

$1,595

$2.52

$1,750

$2.77

1 Bed / 1 Bath

632 SF

$1,434

$2.27

$1,750

$2.77

229

1 Bed / 1 Bath

632 SF

$1,310

$2.07

$1,750

$2.77

230

2 Bed / 2 Bath

900 SF

$1,995

$2.22

$2,200

$2.44

37,776 SF*

$84,768

UNIT #

UNIT TYPE

SQ. FOOTAGE

RENT

RENT PER SF

225

2 Bed / 2 Bath

900 SF

$1,522

226

1 Bed / 1 Bath

632 SF

227

1 Bed / 1 Bath

28

TOTAL

RENT

RENT PER SF

$102,550

* Total sq. ft of all units are estimated.

13

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

SECTION THREE

LOCATION OVERVIEW

LOCATION OVERVIEW

WOODLAND Hills Woodland Hills Woodland Hills, CA is a neighborhood located on the edge of the Santa Monica Mountains in the San Fernando Valley of northern Los Angeles. Woodland Hills is bordered by Calabasas, Tarzana, Topanga and is a short hop from the famous beaches of Malibu. Living in Woodland Hills offers residents an urban suburban mix with short drives to popular spots acoss all of Los Angeles. It’s lush, green and a great place to hike, bike, enjoy nature and update your wardrobe.

Whether your interest is shopping or the outdoors, Woodland Hills has activities and attractions that can provide a fun, entertaining experience.

On Ventura Boulevard there are lively bars and gastropubs with delicious food and live music, making Woodland Hills a unique, vibrant destination in the Valley.

For shopping, join the celebrities and locals who love the Westfield Topanga mall. The Westfield Topanga mall and Westfield Promenade are a shopper’s dream, and will soon combine to form the largest shopping mall in California.

For more active pursuits head over to the Upper Las Virgenes Open Space Preserve, which spans nearly 3,000 acres. Woodland Hills has activities and attractions that have created immense growth for both business and pleasure.

15

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

LOCATION OVERVIEW

Warner Center

Warner Center Warner Center is a planned commercial and residential community straddling Woodland Hills and Canoga Park, bounded by Vanowen Street to the north, the Ventura Freeway to the south, De Soto Avenue to the east, and Topanga Canyon Boulevard on the west. Warner Center is notable for its small cluster of mirrored glass skyscrapers marking what some call “the downtown of the Valley.”

Warner Center’s 1.5 square-mile area contains residential buildings, shopping complexes, a park, a hospital, a Metro Orange Line station, light industrial areas, low rise office buildings, and skyscrapers.

The best known are the three Corporate International skyscrapers situated on one lot, reflecting sunshine from their mirrored glass surfaces.

Built on ranch land originally owned

by Harry Warner (one of the four titular Warner Brothers), Warner Center was first envisioned in the 1970s as a mass transit-oriented neighborhood that would help relieve automobile traffic moving between the Valley and downtown Los Angeles by providing the Valley with its own dense urban hub. Warner Center continues to push to make the community higher-density, more residential, and much more walkable—in short, a New Urbanist neighborhood.

16

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

LOCATION OVERVIEW

AERIAL

17

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

LOCATION OVERVIEW

AERIAL

18

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

PROPERTY OVERVIEW

WALKABILITY A. Ralphs

20060 Ventura Blvd, Woodland Hills, CA 91364 0.2 MILES FROM SUBJECT PROPERTY

B. Target 20801 Ventura Blvd, Woodland Hills, CA 91364 0.8 MILES FROM SUBJECT PROPERTY

C. Taft Charter High School 5461 Winnetka Ave, Woodland Hills, CA 91364 0.4 MILES FROM SUBJECT PROPERTY

D. Woodland Hills Medical Center 5601 De Soto Ave, Woodland Hills, CA 91367 1.8 MILES FROM SUBJECT PROPERTY

E. Pierce College 6201 Winnetka Ave, Woodland Hills, CA 91371 1 MILE FROM SUBJECT PROPERTY

F. Wells Fargo Bank 19900 Ventura Blvd, Woodland Hills, CA 91364 0.3 MILES FROM SUBJECT PROPERTY

19

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

PROPERTY OVERVIEW

WALKABILITY

A

B

Ralphs

Target

Taft Charter High School

This American supermarket chain is the largest subsidiary of Kroger serving in Southern California since 1873.

Target is the 8th-largest retailer in the US. and has a wide varierty of items such as groceries, essentials, clothing and more.

This public school is located corner of Ventura Boulevard and Winnetka Avenue with more than 2,500 enrolled students.

D

20

C

E

F

Woodland Hills Medical CenteR

Pierce COllege

Wells Fargo Bank

This 3-star hospital on 28.41 AC combines cutting-edge technology with a focus on prevention.

This college offers courses on more than 100 subjects in 92 disciplines, and has transfer alliances with most Universities.

Wells Fargo is the world’s fourth-largest bank by market capitalization and has more than 8,050 branches.

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

PROPERTY OVERVIEW

Points of Interest A. Westfield Topanga & The Village 6600 Topanga Canyon Blvd, Canoga Park, CA 91303 3.5 MILES FROM SUBJECT PROPERTY

B. Warner Center W. Oxnard St, Woodland Hills, CA 91367 2.6 MILES FROM SUBJECT PROPERTY

C. The Japanese Garden 6100 Woodley Ave, Lake Balboa, CA 91406 6.8 MILES FROM SUBJECT PROPERTY

D. Upper Las Virgenes Canyon Western End of Victory Blvd, Woodland Hills, CA 91367 7 MILES FROM SUBJECT PROPERTY

E. The Getty 1200 Getty Center Dr, Los Angeles, CA 90049 12 MILES FROM SUBJECT PROPERTY

F. CSU Northridge 18111 Nordhoff St, Northridge, CA 91330 7 MILES FROM SUBJECT PROPERTY

21

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

PROPERTY OVERVIEW

Points of Interest

A

B

Westfield Topanga & The Village

Warner Center

The Japanese Garden

This mall spans 2,100,000 square feet and houses anchor stores like Macy’s, Neiman Marcus, Nordstrom, and Target.

Warner Center’s 1.5 square-mile area contains residential buildings, shopping complexes, a park, a hospital and more.

This 6.5 acres public Japanese garden is a popular spot for visiting and planned events.

D

22

C

E

F

Upper Las Virgenes Canyon

The Getty

CSU Northridge

This wildlife corridor is more than 5,600-acres of open space and many entertaining hiking trails.

The $1.3 billion center offers educational exhibits filled with thousands of precious artworks from all types of different artists.

This public university has more than 39,000 enrolled students and offers more than 70 different fields of study.

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

LOCATION OVERVIEW

DEVELOPMENTS

Westfield Promenade Redevelopment Los Angeles planning officials have signed off and approved the plan to dramatically redevelop the flagging Westfield Promenade mall in Woodland Hills with 1,400 new rental units, offices, shops, 5.6 acres of public open space, and a 15,000-seat entertainment center.

When complete, the Promenade will contain 5,610 parking spaces, 572 hotel rooms, 629,000 square feet of office space, and 244,000 square feet of restaurants and shops. This redevelopment is only 3 miles away from the subject property.

Created by neighbors, community leaders, local businesses and stakeholders, the Warner Center 2035 Plan is a bold, long-term blueprint for the future that imagines a new downtown for the Valley. With approximately 150,000 square feet of creative office space, 470,000 square feet of Class A office, and 60,000 square feet of work/live space, the Project creates new and dynamic work solutions for our community while connecting start-ups with established businesses in various working spaces.

Promenade 2035 will provide real opportunities to live, work, be connected and entertained right at the doorstep of Woodland Hills, CA.

23

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

LOCATION OVERVIEW

DEMOGRAPHICS

24

Population

1-Mile

3-Mile

5-Mile

2024 Projection

11,170

210,962

437,998

2019 Estimate

11,060

206,033

429,620

2010 Census

10,816

186,185

398,417

Growth ‘19 - ‘24

0.99%

2.39%

1.95%

Growth ‘10 - ‘19

2.26%

10.66%

7.83%

Households

1-Mile

3-Mile

5-Mile

2024 Projection

4,162

78,117

151,873

2019 Estimate

4,135

76,227

149,179

2010 Census

4,119

68,596

139,630

Growth ‘19 - ‘24

0.65%

2.48%

1.81%

Growth ‘10 - ‘19

0.39%

11.12%

6.84%

Average Income

$132,261

$91,877

$97,669

Median Income

$99,361

$67,827

$72,290

5480 QUAKERTOWN AVE, WOODLAND HILLS, CA 91364

JAMES CAPITAL ADVISORS, INC.

DISCLAIMER

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation

by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property.

Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

FOR INQUIRIES

PLEASE CONTACT

mike hanassab

elliot hassan

John katnik

danny spiwak

(424) 325-2642

(424) 325-2643

(424) 325-2644

(424) 325-2645

Senior Director

mike.hanassab@jamescapitaladvisors.com CA RE Lic. 01484891

Senior Director

elliot.hassan@jamescapitaladvisors.com CA RE Lic. 01481211

Senior Associate

john.katnik@jamescapitaladvisors.com CA RE Lic. 02002695

Associate

danny.spiwak@jamescapitaladvisors.com CA RE Lic. 02031346