704 S. Fir Avenue | Inglewood, CA

MARKETING PACKAGE

704 S. FIR AVE, INGLEWOOD, CA 90301

704 S. FIR AVE

MARKETING PACKAGE TABLE OF CONTENTS 01

Property Overview

02 Financial Analysis 03 Location Overview CONTACT INFORMATION

John katnik Senior Associate (424) 325-2644

mike hanassab Senior Director (424) 325-2642

elliot hassAn Senior Director (424) 325-2643

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704 S. FIR AVE, INGLEWOOD, CA 90301

SECTION ONE

PROPERTY OVERVIEW

03

704 S. FIR AVE, INGLEWOOD, CA 90301

PROPERTY OVERVIEW

DETAILS

Street Address City State Zip Code APN

704 S. Fir Ave Inglewood CA 90301 4022-025-016

Number of Units

8

Parking

4 Garage Spaces / 4 Carport Spaces

Number of Buildings

1

Zoning

INR3YY

Number of Stories

2

Unit Mix

Water

Master-Metered

Electric

Individually Metered

Rentable Square Feet

7,216 SF

Gas

Individually Metered

Lot Size

9,614 SF

Construction

Wood-Frame Stucco

Year Built

04

1960

Roof

(4) 1 Bed / 1 Bath (1) 2 Bed / 1 Bath (2) 2 Bed / 1.5 Bath (1) 3 Bed / 2 Bath

Pitched

704 S. FIR AVE, INGLEWOOD, CA 90301

PROPERTY OVERVIEW

Highlights

Central Inglewood Location The Subject Property lies 1 mile from the SoFi development, the Forum and the Clippers stadium development.

Central AC / Heating & Vinyl Windows Property features central AC / heating and vinyl windows.

Value-Add Opportunity 65% upside in rents - first time on the market since 2004.

On-Site Laundry and Parking 4 Garage Spaces and 4 Covered Carport Spaces are available.

Utilities Individually Electricity and Gas

Metered

for

Tenants are responsible for paying electricity and gas.

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704 S. FIR AVE, INGLEWOOD, CA 90301

SECTION TWO

FINANCIAL ANALYSIS

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704 S. FIR AVE, INGLEWOOD, CA 90301

FINANCIAL ANALYSIS

PRICING ANALYSIS

$2,100,000 Price Price per Unit Price per Square Foot

CURRENT

PRO FORMA

3.00%

6.04%

17.46

11.08

Gross Income

$117,366

$184,587

Expenses

$54,265

$57,730

$63,101

$126,857

CAP Rate GRM $2,100,000 $262,500 $291.02

NOI

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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704 S. FIR AVE, INGLEWOOD, CA 90301

FINANCIAL ANALYSIS

INCOME AND EXPENSE ANNUAL

INCOME

CURRENT

PRO FORMA

Base Rental Income

$120,300

Laundry Income

ANNUAL

EXPENSE

CURRENT

PRO FORMA

$189,600

Property Taxes

$26,670

$26,670

$675

$675

Insurance

$3,250

$3,250

Gross Potential Income

$120,975

$190,275

Water

$7,600

$7,600

Vacancy Allowance

$3,609

Electricity

$200

$200

Effective Gross Income

$117,366

Gas

$3,250

$3,250

Operating Expenses

$54,265

Repairs & Maintenance

$4,000

$4,000

Net Operating Income

$63,101

Reserves

$1,600

$1,600

Management Fee

$6,015

$9,480

Pest Control

$720

$720

Gardener

$960

$960

Operating Expenses

$54,265

$57,730

08

(3%)

$5,688

(3%)

$184,587 (46%)

$57,730 $126,857

(31%)

704 S. FIR AVE, INGLEWOOD, CA 90301

FINANCIAL ANALYSIS

RENT SCHEDULE

PRO FORMA

UNIT #

UNIT TYPE

SQ. FOOTAGE

RENT

RENT PER SF

RENT

01**

3 Bed / 2 Bath

1,350 SF

$1,850

$1.37

$2,700

$2.00

02

1 Bed / 1 Bath

725 SF

$1,050

$1.45

$1,650

$2.28

03

1 Bed / 1 Bath

725 SF

$1,050

$1.45

$1,650

$2.28

04

2 Bed / 1.5 Bath

1,000 SF

$1,250

$1.25

$2,200

$2.20

05

2 Bed / 1 Bath

950 SF

$1,475

$1.55

$2,100

$2.21

06

1 Bed / 1 Bath

725 SF

$1,050

$1.45

$1,650

$2.28

07

1 Bed / 1 Bath

725 SF

$1,050

$1.45

$1,650

$2.28

08

2 Bed / 1.5 Bath

1,000 SF

$1,250

$1.25

$2,200

$2.20

$7,200

$10,025

TOTAL

RENT PER SF

$15,800

* Square footage of all units are estimated. ** Unit has washer / dryer hookups and their own private yard.

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704 S. FIR AVE, INGLEWOOD, CA 90301

SECTION THREE

LOCATION OVERVIEW

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704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

INGLEWOOD

Inglewood, CA As a gateway to major commercial centers of the United States and internationally, Inglewood is in a unique position on the shore of the Pacific Rim. Inglewood is located in Los Angeles County in Southern California. Inglewood is approximately 20 minutes southwest of Los Angeles, 20 minutes northeast of Redondo Beach and 15 minutes from the Pacific Ocean and is part of the Los Angeles metropolitan area. The Los Angeles MSA is the 18th largest metropolitan area in the world and the second-largest metropolitan area in the United States The Los Angeles International Airport is directly accessible by Inglewood’s Century Boulevard - one of the City’s busiest commercial corridors.

Proximity to the airport, the Los Angeles and Long Beach Harbors, and four major freeways facilitate both domestic and international trade. Inglewood residents can easily take advantage of all of the arts and entertainment attractions of Los Angeles as well as the rest of the Los Angeles metropolitan area. Some of the more notable high traffic areas near Inglewood include the Forum, LAX and the soon to be completed SoFi Stadium. With more than 250,000+ residents within a 3-mile radius, Inglewood is thiving and in the center of an everchanging Souther California with a blend of old and new landmards to remind residents and visitors of the rich heritage of the City and the fact that history is still being made in Inglewood.

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704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

Major Developments SoFi Stadium SoFi Stadium is an unprecedented and unparalleled sports and entertainment destination being built in Inglewood, CA just 1.5 miles away from the subject property.

Located on the site of the former Hollywood Park racetrack, the stadium is the centerpiece of a 298-acre mixed-use development featuring retail, commercial office space, a hotel, residential units, and outdoor park spaces.

LA Clippers Arena

SoFi Stadium

The Clippers are constructing a new $1.2 billion basketball arena in near proximity to SoFi Stadmiun along with a practice facility, team offices, a medical facility, retail stores, restaurants and parking. The 18,000-seat venueis expected to be complete just in time for the 2024-25 season.

Crenshaw/LAX Line One of Los Angeles’s most anticipated transit projects, an 8.5-mile light rail line connecting South LA to the South Bay is now about 95% complete. The Crenshaw/LAX Line is slated to travel as far north as Hollywood, likely winding through Mid-Wilshire and West Hollywood along the way.

LA Clippers Arena

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704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

AERIAL

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704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

AERIAL

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704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

Walkability

A. Walgreens 230 N. La Brea Ave, Inglewood, CA 90301 1 MILE FROM SUBJECT PROPERTY

B. Vons 500 E. Manchester Blvd, Inglewood, CA 90301 0.7 MILES FROM SUBJECT PROPERTY

C. Inglewood Highschool 231 S. Grevillea Ave, Inglewood, CA 90301 0.6 MILES FROM SUBJECT PROPERTY

D. Centinela Hospital Medical Center 555 E. Hardy St, Inglewood, CA 90301 0.7 MILES FROM SUBJECT PROPERTY

E. CVS 4345 W. Century Blvd, Inglewood, CA 90304 1 MILE FROM SUBJECT PROPERTY

F. Payne Elementary School 215 W. 94th St, Inglewood, CA 90301 0.5 MILES FROM SUBJECT PROPERTY

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704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

WALKABILITY

01 WALGREENS

Walgreens is the 2nd largest pharmacy store chain in the U.S.

02 VONS

Vons has been around for 114 years and has more than 325 locations.

04 CENTINELA HOSPITAL MEDICAL CENTER

the hospital serves more than 140,000 patients a year.

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03 INGLEWOOD HIGHSCHOOL

This high school was awarded $148 million in planned renovations.

05 CVS

CVS is a healthcare and retail company with over 10,000 locations.

06 PAYNE ELEMENTARY SCHOOL

This elementary school is 0.5 miles away from the subject property.

704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

Points of INterest A. The Forum 3900 W. Manchester Blvd, Inglewood, CA 90305 1.2 MILES FROM SUBJECT PROPERTY

B. SoFi Stadium 1000 S. Prairie Ave, Inglewood, CA 90301 1.5 MILES FROM SUBJECT PROPERTYY

C. LAX 1 World Way, Los Angeles, CA 90045 2.8 MILES FROM SUBJECT PROPERTY

D. Hollywood Park Casino 3883 W. Century Blvd, Inglewood, CA 90303 1.8 MILES FROM SUBJECT PROPERTY

E. Venice Beach Venice Fishing Pier, Venice, CA 90292 7.7 MILES FROM SUBJECT PROPERTY

F. USC 3551 Trousdale Pkwy, Los Angeles, CA 90089 7.9 MILES FROM SUBJECT PROPERTY

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704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

Points of Interest

THE FORUM

SOFI STADIUM

LAX

HOLLYWOOD PARK CASINO

VENICE BEACH

USC

This indoor arena in Inglewood has the capacity of more than 17,000.

This is the go-to Casino with thousands of machines & card games.

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This multi-purpose stadium will be able to seat up to 100,000.

Known for its bohemian spirit, Venice is a buzzing beach.

LAX is the world’s fourth busiest and the US’ second busiest airport.

USC has 45,000 enrolled students while offering more than 80 majors.

704 S. FIR AVE, INGLEWOOD, CA 90301

LOCATION OVERVIEW

DEMOGRAPHICS

POPULATION

1-Mile

3-Mile

5-Mile

2025 Projection

46,839

280,976

789,158

2020 Estimate

46,335

277,453

780,349

2010 Census

45,127

267,427

758,048

Growth ‘20 - ‘25

1.09%

1.27%

1.13%

Growth ‘10 - ‘20

2.68%

3.75 %

2.94%

1-Mile

3-Mile

5-Mile

2025 Projection

14,950

95,947

267,635

2020 Estimate

14,764

94,748

264,474

2010 Census

14,254

91,418

256,163

Growth ‘20 - ‘25

1.26%

1.27%

1.20%

Growth ‘10 - ‘20

3.58%

3.64%

3.24%

Average Income

$50,571

$74,987

$78,324

Median Income

$41,183

$53,544

$53,562

HOUSEHOLDS

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704 S. FIR AVE, INGLEWOOD, CA 90301

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

John katnik Senior Associate

(424) 325-2644

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

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

James Capital Advisors, Inc.

www.jamescapitaladvisors.com

@jamescapitaladvisors