7045 Whitsett Ave

MARKETING PACKAGE

7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

7045 WHITSETT AVE

MARKETING PACKAGE TABLE OF CONTENTS 01

Property Overview

02 Financial Analysis 03 Location Overview CONTACT INFORMATION

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

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

SECTION ONE

PROPERTY OVERVIEW

03

7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

PROPERTY OVERVIEW

DETAILS

Street Address City State Zip Code APN Rentable Square Feet Lot Size Year Built

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7045 Whitsett Avenue North Hollywood CA 91605 2324-032-009 4,958 SF 7,913 SF 1956

Number of Units

6

Parking

Gated Parking

Number of Buildings

1

Zoning

LAR3

Number of Stories

2

Unit Mix

Water

Master-Metered

Electric

Individually Metered

Gas

Individually Metered

Construction

Wood-Frame Stucco

Roof

(2) 1 Bed / 1 Bath (3) 2 Bed / 1 Bath (1) 3 Bed / 2 Bath

Flat

7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

PROPERTY OVERVIEW

HIGHLIGHTS

Strong North Hollywood Location The subject property is located at 7045 Whitsett Ave, about two blocks north of Vanowen St, across from the Whitsett Sports Field in North Hollywood.

Excellent Unit Mix - 2 & 3 Bedroom Units The subject property consist of (2) 1 Bed / 1 Bath, (3) 2 Bed / 1 Bath & (1) 3 Bed / 2 Bath.

Rental Upside The subject property has the opportunity to grow the net operating income with approximately 19% in rental upside.

Two Units Have Recent Renovations Unit 3 & Unit 5 have been recently renovated with new kitchen cabinets, new flooring, new paint, bathroom fixtures, and appliances.

Solid In-Place Income The property provides a 4.20% cap on the inplace income.

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

PROPERTY OVERVIEW

Unit 3 Renovations

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

PROPERTY OVERVIEW

Unit 5 Renovations

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

SECTION TWO

FINANCIAL ANALYSIS

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

FINANCIAL ANALYSIS

PRICING ANALYSIS

$1,460,000 Price Price per Unit Price per Square Foot

CURRENT

PRO FORMA

4.80%

6.59%

13.33

10.72

$108,033

$134,199

Expenses

$37,939

$37,939

NOI

$70,094

$96,260

CAP Rate GRM $1,460,000 $243,333 $294.47

Gross Income

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.

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

FINANCIAL ANALYSIS

FINANCING

Down Payment

$511,000 (35.00%)

Loan Amount

$949,000

Interest Rate

3.50%

Amortization / Fixed Period

30-Year / 5-Year

Term

360 Month

CURRENT

PRO FORMA

Debt Service

-$51,137

-$51,137

Pre-Tax Cash Flow

$12,742

Principle Reduction

-$18,213

Total Return

$30,955

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(2.49%)

$45,123

(8.83%)

-$18,213 (6.06%)

$63,335

(12.39%)

7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

FINANCIAL ANALYSIS

INCOME AND EXPENSE ANNUAL

INCOME

CURRENT

PRO FORMA

Base Rental Income

$109,500

Laundry

ANNUAL

EXPENSE

CURRENT

PRO FORMA

$136,200

Property Taxes

$17,462

$17,462

$723

$723

Insurance

$1,983

$1,983

Gross Potential Income

$110,223

$136,923

Utilities

$8,450

$8,450

Vacancy Allowance

$2,190

Gas

$2,340

$2,340

Effective Gross Income

$108,033

Repairs & Maintenance

$3,000

$3,000

Operating Expenses

$37,939

Trash

$2,952

$2,952

Net Operating Income

$70,094

Pest Control

$792

$792

Landscaping

$960

$960

Operating Expenses

$37,939

$37,939

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(2.00%)

$2,724

(2.00%)

$134,199 (35%)

$37,939 $96,260

(28%)

7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

FINANCIAL ANALYSIS

RENT SCHEDULE

PRO FORMA

UNIT #

UNIT TYPE

SQ. FOOTAGE

RENT

RENT PER SF

RENT

1

3 Bed / 2 Bath

1,000 SF

$1,561

$1.56

$2,250

$2.25

2

2 Bed / 1 Bath

850 SF

$1,145

$1.35

$1,900

$2.24

3*

2 Bed / 1 Bath

850 SF

$1,900

$2.24

$1,900

$2.24

4

1 Bed / 1 Bath

650 SF

$1,500

$2.31

$1,600

$2.46

5*

1 Bed / 1 Bath

650 SF

$1,530

$2.35

$1,600

$2.46

6**

2 Bed / 1 Bath

850 SF

$1,489

$1.75

$2,100

$2.47

4,850 SF

$9,125

TOTAL

RENT PER SF

$11,350

*Section 8 Units. **Unit has a patio & parking ***Square footage of all units are estimated.

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

SECTION THREE

LOCATION OVERVIEW

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

NORTH HOLLYWOOD North Hollywood A diverse neighborhood combining history, community, arts, and entertainment, North Hollywood or NoHo is a thriving suburb of L.A. located in the San Fernando Valley that is transforming every day with new and better opportunities to work, play, and live. Separated from the rest of Hollywood and Los Angeles by the Hollywood Hills, NoHo is situated in the beautiful San Fernando Valley, giving it the best of both suburban living and bustling L.A. life.

Once a gritty suburb, North Hollywood has transformed into the Valley’s go-to cultural hub over the last decade with an influx of dance studios, art galleries and acting workshops— and still no shortage of strip malls. NoHo has its own endearing and refreshingly un-hip way. This neighborhood in the southeast corner of the San Fernando Valley has become one of L.A.’s best – especially for those seeking fast access to many other key neighborhoods and relatively spacious housing at a bargain price. It’s easy to get anywhere from here: Folks anywhere near the main drag, Lankershim, can walk pretty quickly to the Red Line stations at Universal or Chandler and zip into Hollywood or downtown in a matter of minutes. The neighborhood is the perfect mix of modern, bustling L.A. and unpretentious, workingclass suburbia.

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

SAN FERNANDO VALLEY San Fernando Valley The San Fernando Valley is located within the Los Angeles County which includes the cities of Burbank, Glendale, San Fernando, Hidden Hills, and Calabasas. As home to the world’s major movie studios, the San Fernando Valley is where Angelinos come to escape the busy city life to live, work and play. The San Fernando Valley has it all.

It’s made up of gorgeous suburbs and mini-malls strategically placed all around the valley for easy access. Through the years, major network and movie studios have stationed in the Valley and now call it home.

The Valley has anything you need or want: great food, great fun, and definitely great shopping.

With more than 100 sound stages producing everything from “Jurassic Park” to “The Tonight Show,” the “Valley of the Stars” is home to the Walt Disney Company, NBC Universal Studios, Warner Bros., CBS Studio Center as well as NBC and ABC Television Studios. In addition to the many popular studio tours, historical sites, theaters and museums, the San Fernando Valley offers an incredible array of fine dining, shopping, lodging and recreational opportunities, along with world -class attractions at each of the scenic entrances to the Valley, including the magnificent new Getty Center, the Hollywood Bowl and the Los Angeles Zoo. Whether your travel plans include business or pleasure, come enjoy the friendly hospitality and rich heritage of the San Fernando Valley.

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

DEVELOPMENTS District NoHo

Called District NoHo, the eight-building development would surround the Metro station just 3.2 miles away from the subject property. Plans for the eight-building development call for 1,500 apartments—300 of them affordable—more than 500,000 square feet of office space, storefronts and restaurants, and three acres of open space, including a new plaza, around the entrance to the Metro Red Line on the east side of Lankershim.

All of the changes to the site would come slow and steady, in six phases, starting in late 2021. By having significant open space and a plaza around the subway entrance, the aim is to “establish it as a place—not just a pass-through.

District NoHo

25-Acre NoHo West Complex With completion fast approaching for the first phase of the immense NoHo West complex, work is now underway for new housing along the eastern perimeter of 25-acre site. The project is wrapped by Erwin Street, Radford Avenue, Laurel Canyon Boulevard, and Oxnard Street. This is under 2 miles away from the subject property. The initial phase of the development, on pace to open in Spring 2020, consists of: 190,000 square feet of retail and restaurant place; an 2,600-car parking garage; and 500,000 square feet of office space.

Several tenants have already been announced for the property, including 24hr Fitness, Regal Cinemas, Starbucks, and Trader Joe’s.

NoHo West Complex

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

AERIAL

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

AERIAL

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

WALKABILITY 1.

Ralphs 6657 Laurel Canyon Blvd, North Hollywood, CA 91606 0.9 MILES FROM SUBJECT PROPERTY

2. Big Lots 13005 Sherman Way, North Hollywood, CA 91605 0.9 MILES FROM SUBJECT PROPERTY

3. El Super 12727 SHERMAN WAY, NORTH HOLLYWOOD, CA 91605 0.6 MILES FROM SUBJECT PROPERTY

4. James Madison Middle School 13000 Hart St, North Hollywood, CA 91605 0.9 MILES FROM SUBJECT PROPERTY

5. Roy Romer Middle School 6501 Laurel Canyon Blvd, North Hollywood, CA 91606 1.2 MILES FROM SUBJECT PROPERTY

6. Whitsett Sports Field Whitsett Sports Field, North Hollywood, CA 91605 0.3 MILES FROM SUBJECT PROPERTY

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

WALKABILITY

01 RALPHS

This Chain has been serving Southern California since 1873.

02 BIG LOTS

Big Lots is a retail store that has over 1,400 stores in 47 states.

04 JAMES MADISON MIDDLE SCHOOL

This middle school serves grades 6th-8th and has over 1,500 students.

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03 EL SUPER

opened in 1997, El super operates 63 stores in 13 counties across 5 states.

05 ROY ROMER MIDDLE SCHOOL

This public Middle school has over 1,000 students annually.

06 WHITSETT SPORTS FIELD

This complex includes baseball, basketball and soccer fields.

7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

Point of Interest 1.

Universal Studios 100 Universal City Plaza, Universal City, CA 91608 6.6 MILES FROM SUBJECT PROPERTY

2. NoHo Arts District NoHo Arts District, North Hollywood, CA 91601 3.5 MILES FROM SUBJECT PROPERTY

3. Warner Bros. Studio Tour 3400 Warner Blvd, Burbank, CA 91522 6.2 MILES FROM SUBJECT PROPERTY

4. Walt Disney Studios 500 S. Buena Vista St, Burbank, CA 91521 7.8 MILES FROM SUBJECT PROPERTY

5. Hollywood Burbank Airport 2627 N Hollywood Way, Burbank, CA 91505 3.7 MILES FROM SUBJECT PROPERTY

6. CSU Northridge 18111 Nordhoff St, Northridge, CA 91330 9.1 MILES FROM SUBJECT PROPERTY

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

Point of Interest

UNIVERSAL STUDIOS

NOHO ARTS DISTRICT

The District is full of acting & dance studios with buzzing NoHo art.

This tour gives visitors a behind the scenes look of popular shows & Film.

WALT DISNEY STUDIOS

HOLLYWOOD BURBANK AIRPORT

CSU NORTHRIDGE

This film studio and Theme park host more than 9 million annual guests.

the 51-Acre studio contains filmmaking production facilities.

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This public airport serves the greater los angeles area.

WARNER BROS. STUDIO TOUR

This public university has 38,000+ annual enrolled students.

7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

LOCATION OVERVIEW

DEMOGRAPHICS

POPULATION

1-Mile

3-Mile

5-Mile

2025 Projection

39,055

327,214

753,925

2020 Estimate

38,934

325,450

749,627

2010 Census

37,440

308,886

710,139

Growth ‘20 - ‘25

0.31%

0.54%

0.57%

Growth ‘10 - ‘20

3.99%

5.36%

5.56%

1-Mile

3-Mile

5-Mile

2025 Projection

11,542

103,035

252,156

2020 Estimate

11,529

102,627

251,076

2010 Census

11,216

98,214

239,876

Growth ‘20 - ‘25

0.11%

0.40%

0.43%

Growth ‘10 - ‘20

2.79%

4.49%

4.67%

Average Income

$64,001

$77,265

$88,850

Median Income

$47,083

$55,502

$63,497

HOUSEHOLDS

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7045 WHITSETT AVE, NORTH HOLLYWOOD, CA 91605

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.

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www.jamescapitaladvisors.com

@jamescapitaladvisors

FOR INQUIRIES

PLEASE CONTACT CONTACT

mike hanassab Senior Director

(424) 325-2642

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

elliot hassan Senior Director

(424) 325-2643

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

John katnik Senior Associate

(424) 325-2644

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

danny spiwak Associate

(424) 325-2645

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

James Capital Advisors, Inc.

www.jamescapitaladvisors.com

@jamescapitaladvisors