joe kim, ccim, crrp...questions regarding the condition of the property and whether the property...

OFFERING MEMORANDUM

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors,

affiliates and/or any third party sources are provided without representation or warranty as to completeness ,

veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable

governmental requirements, developability or suitability, financial performance of the property, projected

financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or

warranty, express or implied, as to accuracy or completeness of the materials or information provided,

derived, or received. Materials and information from any source, whether written or verbal, that may be

furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine

these and other matters of significance to such party. KW Commercial will not investigate or verify any such

matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and

to conduct their own inspections and investigations including through appropriate third party independent

professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and

reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or

representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW

Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling

purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents

that may be provided to a party do not necessarily mean that rents can be established at or increased to that

level. Parties must evaluate any applicable contractual and governmental limitations as well as market

conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal

questions should be discussed by the party with an attorney. Tax questions should be discussed by the party

with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title

officer or attorney. Questions regarding the condition of the property and whether the property complies with

applicable governmental requirements should be discussed by the party with appropriate engineers,

architects, contractors, other consultants and governmental agencies. All properties and services are

marketed by KW Commercial in compliance with all applicable fair housing and equal opportunity laws.

JOE KIM, CCIM, CRRP

Director of Investments

818.432.1561

[email protected]

DRE: 01898072

BROKER OF RECORD

4061 Laurel Canyon Blvd.,

Studio City, CA 91604

DRE: 01428774

O F F E R I N G M E M O R A N D U M | 1 2 4 4 4 V I C T O R Y B O U L E V A R D 4

Address 12444 Victory Boulevard 6332 Whitsett Avenue COMBINED

City North Hollywood, CA 91606 North Hollywood, CA 91606 --

APN 2333-007-042 2333-007-008 --

Type Multi-tenant Office Parking Lot --

Zoning LAC2 LAPB --

Building SF 60,896 0 60,896

Lot SF 22,467 29,549 52,016

Year Built 1963 1960

Parking Spaces -- -- 124

INDICATORS PRICE $19,000,000

Down Payment $19,000,000

Down Payment % 100%

Current Cap 2.04%

Current GRM 19.39

Cost Per Sq.Ft. $312.01

Cash-on-cash Return 2.04%

Expenses Per Sq.Ft. $9.71

ESTIMATED ANNUALIZED EXPENSES

Property Taxes 1.25% $237,500

LADWP Water & Sewer $11,387

LADWP Electric $202,110

SoCal Gas Gas $720

Victor Castillo Landscaping $2,400

ToddCo. Sweeping Parking Lot Sweeping $2,280

TRE Elevator Elevator Maint. $4,200

Infinate Maintenance Janitorial $32,280

The Hartford Insurance $15,977

Complete Office Janitorial Supplies $8,400

Tomas Nicanor Onsite Handyman $48,000

L&M AC Chiller Maint. $10,680

AT&T Camera System $1,284

AT&T Phone (Alarm) $839

Western Exterminator Exterminator $930

Lone Star Alarm Monitoring $959

Kings III Elevator Phone $1,488

Waste Management Dumpsters $10,100

PRO FORMA SOURCE OF INCOME

SQ. FT. AVERAGE RENT TOTAL

60,896 $2.00 $121,792

TOTAL MONTHLY INCOME $121,792

ACTUAL $81,655

8,000 SF of Vacancies with LOI’s on 4,000 SF @ $2.00/SF

ESTIMATED ANNUALIZED OPERATING DATA

Scheduled Gross Income $979,854

Less Vacancy 0% $0

Gross Operating Income $979,854

ESTIMATED ANNUALIZED EXPENSES ($591,534)

Net Operating Income $388,321

Pre Tax Cash Flow $388,321

PERCENTAGE RETURN 2.04%

SUITE # NAME MO SF Start Date End Date $/SF

1 AT&T AT&T 5,783$ ROOF MTM MTM

2 T‐MOBILE T‐MOBILE 2,898$ ROOF MTM MTM

3 SPRINT SPRINT 2,232$ ROOF MTM MTM

4 101 ROYAL BARBER SHOP 1,140$ 352 MTM MTM 3.24$

5 102 DYNAMIC PHYSICAL THERAPY 1,614$ 807 1/1/2020 12/31/2022 2.00$

6 104 FUTURE ELECTRIC 420$ MTM MTM 2.15$

7 104 ALL GREEN ELECTRIC 420$

8 PARKING ALL GREEN ELECTRIC 50$ ‐ MTM MTM

9 105 THE COFFEE BAR 1,970$ 580 MTM MTM 3.40$

10 106 NAZAR FAMILY CHIROPRACTIC 1,100$ 1079 MTM MTM 1.02$

11 108 DYNAMIC PHYSICAL THERAPY 1,470$ 735 2/1/2020 1/31/2021 2.00$

12 109 DYNAMIC PHYSICAL THERAPY 320$ 160 8/1/2020 7/31/2021 2.00$

13 110 NIGHT WATCH SECURITY 1,531$ 715 MTM MTM 2.14$

14 111 ANNA DUNYAMALAN 800$ 400 7/1/2020 6/30/2021 2.00$

15 112 THE ESTIN COMPANY 1,206$ 621 MTM MTM 1.94$

16 114 VISION HOME REMODELING 1,150$ 450 2/1/2020 1/31/2021 2.56$

17 116 CAR STAR INC 500$ 250 1/1/2020 12/31/2022 2.00$

18 118 EC365 INVESTMENTS 750$ MTM MTM 1.00$

19 118 ENTITY REAL ESTATE 750$ MTM MTM

20 200 BARRY WEINER LLC/HMSI 8,000$ 4000 11/1/2020 MTM 2.00$

21 202,204,206,208 LUSINE SANOSYAN 2,600$ 1300 MTM MTM 2.00$

22 300 STARK SERVICES 9,155$ 5086 4/1/2020 3/31/2022 1.80$

23 302 & 305 ANGELS LIGHT HOSPICE 2,196$ 1098 3/21/2020 3/20/2023 2.00$

24 303 ATLANTIC CARE HOSPICE 2,300$ 1000 6/1/2020 5/31/2023 2.30$

25 310 LOCKSMITH 1,100$ 500 8/1/2020 7/31/2023 2.20$

26 324/325 GOHAR 900$ 400 8/17/2020 8/16/2021 2.25$

27 400 ESP COMPUTER SERVICES 7,525$ 3946 2/1/2020 1/31/2021 1.91$

28 PARKING ESP COMPUTER SERVICES 500$ ‐ MTM MTM

29 403 EDSON ALEJANDRO/SHABBER 1,200$ 600 4/1/2020 3/31/2023 2.00$

30 402 PLATINUM HOME REMODELING 3,200$ 1550 12/15/2019 12/14/2022 2.06$

31 404 MR BUILD HOME IMPROVEMENT 1,800$ MTM MTM

32 405,406,407 RADEGY INC 2,792$ 1396 7/1/2020 6/30/2023 2.00$

33 408/422 LUSINE TADEVOSYAN 900$ 8/1/2020 7/31/2023

34 410,412,425,430 SERAFIM HOSPICE, INC 1,900$ MTM MTM

35 423 DYNAMIC PHYSICAL THERAPY 560$ MTM MTM

36 500 FREEDOM CARE LLC 4,000$ 1630 3/1/2020 2/28/2023 2.45$

37 501‐A ARUSYAK SARGSYAN 800$ 400 7/1/2020 6/30/2023 2.00$

38 501‐B ANGEL HOME HEALTH SERVICES INC 1,000$ 8/1/2020 7/31/2023

39 502‐A ECLIPSE REMODELING 550$ 336 MTM MTM 1.64$

40 502‐B SUPERIOR HOME REMODELING 930$ 460 2/1/2020 1/31/2021 2.02$

41 503 VAYER ART 1,056$ 560 MTM MTM 1.89$

42 504 ROYAL HOME HEALTHCARE 900$ 447 3/3/2020 3/2/2023 2.01$

43 505 KNARIK ADAMYAN 1,300$ 650 3/3/2020 3/2/2023 2.00$

44 515 + PARKING TOTAL TRANSPORT 1,000$ 450 2/1/2020 1/31/2023 2.22$

45 525 HEALTH CARE TRANSPORT 288$ 144 2/1/2020 1/31/2023 2.00$

TOTAL: 84,555$

391

750

REGENCY PLAZA

• Nails

• Shoga Sushi

• Donuts

• Pharmacy

• Beauty Salon

Pizza Hut7-11

Cinemark

Bikram Yoga

Tonga Hut

Whitsett Sports Field99 Cents

El SuperStaplesBig Lots

Valley Plaza

Workout Field

Regency Valley Plaza North Hollywood

Chamber of Commerce

West Coast

University

Three-to-six-story buildings fronting Erwin Street and Radford

Avenue at the northeast corner of the development site will

comprise up to 742 residential units, seated atop a basement

parking garage. The east side of the side will be improved with a

new retail paseo, cutting north-to-south between Erwin and Oxnard

Streets. The 190,000 square feet of rentable space will include uses

such as a gym, a supermarket, and a multiplex cinema. Plans also

call for an eight-story parking structure toward the western side of

the property, with accommodations for up to 2,600 vehicles. At the

center of the property, a former Macy’s department store is the lone

remnant of the property’s earlier use. The four-story structure is

being repurposed with more than 500,000 square feet of offices.

A transformation is underway for this new mixed-use lifestyle center at the current

Macy’s site on Laurel Canyon Boulevard at Oxnard Street in North Hollywood. The

redevelopment will repurpose the existing Macy’s building to serve office and retail uses,

and incorporate a walkable main street retail concept and amenity-rich residential

apartments. The design for the site layout weaves the new development into the existing

fabric of the neighborhood to include shopping, working and leisure that compliments

the active and contemporary NOHO West community. NOHO West will offer expanded

retail shopping opportunities around a large open air plaza, an office building, new

residences and abundant public open spaces. The retail main street may include a mix

of regional retailers, restaurants and cafes, a specialty market and cinema. This

anticipated mix of uses will create a unique opportunity to live, work and shop in a

walkable, vibrant setting.


The NoHo Arts District is a community in North Hollywood, Los Angeles,

California, that is home to contemporary theaters, art galleries, cafes, and

shops. The community is generally bounded by Hatteras Street to the north,

Cahuenga Blvd to the east, Tujunga Ave to the west, and Camarillo Street to

the south. The area features more than twenty professional theaters,

producing new work and classics, diverse art galleries, public art, and

professional dance studios. The district also features the largest

concentration of music recording venues west of the Mississippi. A Metro Rail

station is located here, the North Hollywood station of the Red Line, and

serves as the terminus of the Metro Orange Line busway.

Business and theater owners in the Universal City/North Hollywood Chamber

of Commerce established a theater and arts district in 1992 with support

from the Los Angeles Department of Cultural Affairs. They chose "NoHo", a

play off the well-known SoHo Arts District neighborhood of New York City.

Today, The NoHo Arts District, in conjunction with greater North Hollywood,

is being transformed into a regional center, in large part as a result of the

construction of Metro Stations for the Red Line and the Orange Line, two

lines that have made the neighborhood into a regional hub for the San

Fernando Valley. Medium- and high-density developments are being built

around the Metro Station, making the Arts District a center of citywide

development, with the intent of creating a walkable urban village. North

Hollywood's landscape (and the Art's District as a result) has been

transformed in recent years, with condominium towers (including a fifteen-

story building on Lankershim Boulevard being built in the midst of older one-

story bungalows and small apartment complexes.


5200

LANKERSHIM

5161

LANKERSHIM

PLAYER

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VICIOUS

DOGS

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ACADEMY

VILLAGE APTS

WEDDINGTON APARTMENTS

329 Units Above 4,300 SF

Ground Floor Retail

MIXED-USE

329 Units Above 12,000 SF

Ground Floor Retail

MAGNOLIA

TOWERS CO-OP

MUSE NOHO

Today, The NoHo Arts District, in conjunction with greater North Hollywood, is being

transformed into a regional center, in large part as a result of the construction of Metro

Stations for the Red Line and the Orange Line, two lines that have made the neighborhood

into a regional hub for the San Fernando Valley.

Medium- and high-density developments are being built around the Metro Station, making

the Arts District a center of citywide development, with the intent of creating a walkable

urban village. North Hollywood's landscape (and the Art's District as a result) has been

transformed in recent years, with condominium towers (including a fifteen-story building on

Lankershim Boulevard being built in the midst of older one-story bungalows and small

apartment complexes.

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Hotel Could Replace Shuttered Restaurant in North Hollywood: A vacant building in North Hollywood that

was once home to a Mexican restaurant could make way for a hotel, according to plans filed yesterday with

the City of Los Angeles. The approximately 31,000-square-foot site, located at the northwest corner of

Lankershim Boulevard and Gilmore Avenue, is slated for the construction of an 89-room hotel featuring at-

grade parking, a lobby, a breakfast area, a fitness room, a multipurpose room, and a swimming pool.

Five-Story Mixed-Use Building Rises in North Hollywood: The 11Noho Development, a joint venture between

Hillock Land Company and Luminor Properties, replaced a small office building at 11301-11321 Camarillo

Street. Plans call for a five-story edifice featuring 60 studio, one- and two- bedroom apartments - including

six very low-income affordable units - with 2,800 square feet of ground-floor retail space and an 81-car

parking garage. Designed by Brooks + Scarpa, the podium-type building will include a community room and

a central courtyard which opens to Camarillo Street. Plans call for the building to be clad primarily in

corrugated aluminum screening.

Apartments Break Ground at 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 - located on the former site of the failed Laurel Plaza shopping center -

is wrapped by Erwin Street, Radford Avenue, Laurel Canyon Boulevard, and Oxnard Street. The initial phase

of the development, on pace to open in Spring 2020, consists of: 190,000 square feet of retail and restaurant

place, 2,600-car parking garage, 500,000 square feet of office space - located in a repurposed Macy's

department store. Several tenants have already been announced for the property, including 24 Hour Fitness,

Fantastic Sams, Jersey Mike's, Regal Cinemas, Robeks, See's Candies, Starbucks, and Trader Joe's.

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The Weddington Enters the Home Stretch in North Hollywood: After two-and-a-half years of construction,

Greystar Real Estate Partners is entering the home stretch at the Weddington apartments in North Hollywood.

The project, located at the southwest and southeast corners of Chandler Boulevard and Blakeslee Avenue,

consists of five-story buildings featuring 329 apartments and 4,300 square feet of ground-floor retail space. A

leasing website advertises a mix of studio, one-, and two-bedroom floor plans, with rents ranging from

$2,511 to $3,960 per month.

More Small Lot Houses Planned in North Hollywood: A new development of small lot homes could be on the

way to North Hollywood, according to plans filed earlier this week with the City of Los Angeles. The new

project, slated for an approximately 14,400-square-foot site at 6634 N. Vineland Avenue, would replace a

five-unit apartment complex with eight-single family residences. Additional details are not stated in a

development description. The project site is located less than a half-mile south of Hollywood Burbank

Airport. Construction recently began for 60-acre industrial, office, retail, and hotel complex adjacent to the

airport.

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im 127-Unit Development With Retail Breaks Ground at North Hollywood Station: Construction began for a

mixed-use complex featuring housing and ground-floor commercial space next to Metro's North Hollywood

Station. The project, located at the northwest corner of Chandler and Lankershim Boulevards, will consist of a

seven-story building featuring 127 apartments above approximately 12,000 square feet of retail and

restaurant space and a 218-car garage. Plans call for a mix of studio, one-, two-, and three-bedroom

dwellings, with 10 to be priced for lower-income renters. The contemporary podium-type structure is

designed by DesignARC. Architectural plans show an array of on-site amenities, including a podium-level

courtyard and swimming pool and common rooms such as a resident lounge and a fitness center.

5

1

2

DEVELOPMENTS DESCRIPTION

1 Lankershim Blvd & Gilmore Ave 89-room hotel featuring at-grade parking, a lobby, a breakfast area, a fitness room, a multipurpose room, and a swimming pool

2 11301-11321 Camarillo Street 60 units - including six very low-income affordable units - with 2,800 square feet of ground-floor retail space

3 Erwin St & Radford Ave 127 apartments above approximately 12,000 square feet of retail and restaurant space and a 218-car garage

4 Chandler Blvd & Blakeslee Ave 329 apartments and 4,300 square feet of ground-floor retail space

5 6634 N. Vineland Avenue 14,400-SF site at 6634 N. Vineland Avenue, would replace a five-unit apartment complex with eight-single family residences

6 Chandler & Lankershim 127 apartments above approximately 12,000 square feet of retail

6

3

4


POPULATION40,588

MEDIAN HH INCOME$53,467

PER CAPITA INCOME$25,037

AVG HH SIZE2.9

TOTAL BUSINESS1,241

MEDIAN NET WORTH$24,161

MEDIAN AGE35.9

TOTAL EMPLOYEES7,925

BACHELOR’S DEGREE30%


2014-2018ACS Estimate Percent MOE(±) Reliability

TOTALSTotal Population 38,712 1,668

Total Households 13,742 443

Total Housing Units 14,510 446

OWNER-OCCUPIED HOUSING UNITS BY MORTGAGE STATUSTotal 4,391 100.0% 311

Housing units with a mortgage/contract to purchase/similar debt 3,109 70.8% 273Second mortgage only 157 3.6% 94Home equity loan only 386 8.8% 122Both second mortgage and home equity loan 9 0.2% 12No second mortgage and no home equity loan 2,557 58.2% 242

Housing units without a mortgage 1,281 29.2% 182

AVERAGE VALUE BY MORTGAGE STATUSHousing units with a mortgage N/A N/AHousing units without a mortgage N/A N/A

OWNER-OCCUPIED HOUSING UNITS BY MORTGAGE STATUS & SELECTED MONTHLY OWNER COSTSTotal 4,391 100.0% 311

With a mortgage: Monthly owner costs as a percentage of household income in past 12 months

Less than 10.0 percent 110 2.5% 7710.0 to 14.9 percent 342 7.8% 10315.0 to 19.9 percent 343 7.8% 8720.0 to 24.9 percent 403 9.2% 9525.0 to 29.9 percent 432 9.8% 11130.0 to 34.9 percent 407 9.3% 11535.0 to 39.9 percent 205 4.7% 7740.0 to 49.9 percent 184 4.2% 6250.0 percent or more 678 15.4% 158Not computed 7 0.2% 10

Without a mortgage: Monthly owner costs as a percentage of household income in past 12 months

Less than 10.0 percent 444 10.1% 12010.0 to 14.9 percent 279 6.4% 7815.0 to 19.9 percent 151 3.4% 7120.0 to 24.9 percent 43 1.0% 3525.0 to 29.9 percent 103 2.3% 5630.0 to 34.9 percent 87 2.0% 7035.0 to 39.9 percent 25 0.6% 1840.0 to 49.9 percent 37 0.8% 3950.0 percent or more 104 2.4% 42Not computed 8 0.2% 12



RENTER-OCCUPIED HOUSING UNITS BY CONTRACT RENTTotal 9,352 100.0% 412

With cash rent 9,149 97.8% 417Less than $100 28 0.3% 35$100 to $149 23 0.2% 19$150 to $199 35 0.4% 44$200 to $249 190 2.0% 87$250 to $299 88 0.9% 58$300 to $349 113 1.2% 66$350 to $399 28 0.3% 33$400 to $449 137 1.5% 71$450 to $499 19 0.2% 20$500 to $549 124 1.3% 67$550 to $599 39 0.4% 33$600 to $649 78 0.8% 41$650 to $699 60 0.6% 40$700 to $749 190 2.0% 69$750 to $799 138 1.5% 46$800 to $899 525 5.6% 129$900 to $999 874 9.3% 170$1,000 to $1,249 2,017 21.6% 251$1,250 to $1,499 2,240 24.0% 281$1,500 to $1,999 1,514 16.2% 218$2,000 to $2,499 432 4.6% 113$2,500 to $2,999 156 1.7% 87$3,000 to $3,499 53 0.6% 56$3,500 or more 49 0.5% 51

No cash rent 203 2.2% 84

Median Contract Rent $1,234 N/AAverage Contract Rent $1,251 $89

RENTER-OCCUPIED HOUSING UNITS BY INCLUSION OF UTILITIES IN RENTTotal 9,352 100.0% 412

Pay extra for one or more utilities 8,911 95.3% 408No extra payment for any utilities 441 4.7% 120



RENTER-OCCUPIED HOUSING UNITS BY GROSS RENTTotal: 9,352 100.0% 412

With cash rent: 9,149 97.8% 417Less than $100 18 0.2% 31$100 to $149 10 0.1% 16$150 to $199 8 0.1% 11$200 to $249 64 0.7% 41$250 to $299 119 1.3% 79$300 to $349 149 1.6% 76$350 to $399 48 0.5% 46$400 to $449 21 0.2% 35$450 to $499 110 1.2% 72$500 to $549 72 0.8% 56$550 to $599 86 0.9% 46$600 to $649 40 0.4% 41$650 to $699 44 0.5% 36$700 to $749 119 1.3% 50$750 to $799 61 0.7% 48$800 to $899 354 3.8% 87$900 to $999 565 6.0% 128$1,000 to $1,249 1,846 19.7% 239$1,250 to $1,499 2,303 24.6% 280$1,500 to $1,999 2,165 23.2% 268

$2,000 to $2,499 531 5.7% 129$2,500 to $2,999 199 2.1% 71$3,000 to $3,499 147 1.6% 96$3,500 or more 70 0.7% 55

No cash rent 203 2.2% 84

Median Gross Rent $1,341 N/AAverage Gross Rent $1,386 $98



HOUSING UNITS BY UNITS IN STRUCTURETotal 14,510 100.0% 446

1, detached 5,346 36.8% 3171, attached 394 2.7% 942 140 1.0% 533 or 4 513 3.5% 1315 to 9 2,113 14.6% 24510 to 19 2,245 15.5% 26420 to 49 2,458 16.9% 27350 or more 1,230 8.5% 175Mobile home 71 0.5% 59Boat, RV, van, etc. 0 0.0% 0

HOUSING UNITS BY YEAR STRUCTURE BUILTTotal 14,510 100.0% 446

Built 2014 or later 50 0.3% 44Built 2010 to 2013 173 1.2% 98Built 2000 to 2009 787 5.4% 137Built 1990 to 1999 928 6.4% 198Built 1980 to 1989 1,215 8.4% 189Built 1970 to 1979 2,442 16.8% 277Built 1960 to 1969 2,958 20.4% 301Built 1950 to 1959 3,005 20.7% 300Built 1940 to 1949 2,260 15.6% 235Built 1939 or earlier 692 4.8% 136

Median Year Structure Built 1964 N/A

OCCUPIED HOUSING UNITS BY YEAR HOUSEHOLDER MOVED INTO UNITTotal 13,742 100.0% 443

Owner occupiedMoved in 2017 or later 84 0.6% 49Moved in 2015 to 2016 140 1.0% 54Moved in 2010 to 2014 783 5.7% 144Moved in 2000 to 2009 1,278 9.3% 199Moved in 1990 to 1999 906 6.6% 174Moved in 1989 or earlier 1,199 8.7% 177

Renter occupiedMoved in 2017 or later 380 2.8% 118Moved in 2015 to 2016 1,462 10.6% 227Moved in 2010 to 2014 4,225 30.7% 363Moved in 2000 to 2009 2,202 16.0% 256Moved in 1990 to 1999 863 6.3% 152Moved in 1989 or earlier 220 1.6% 71

Median Year Householder Moved Into Unit 2010 N/A



OCCUPIED HOUSING UNITS BY HOUSE HEATING FUELTotal 13,742 100.0% 443

Utility gas 9,308 67.7% 447Bottled, tank, or LP gas 217 1.6% 85Electricity 3,506 25.5% 290Fuel oil, kerosene, etc. 8 0.1% 14Coal or coke 0 0.0% 0Wood 0 0.0% 0Solar energy 0 0.0% 0Other fuel 17 0.1% 24No fuel used 687 5.0% 148

OCCUPIED HOUSING UNITS BY VEHICLES AVAILABLETotal 13,742 100.0% 443

Owner occupiedNo vehicle available 155 1.1% 741 vehicle available 1,114 8.1% 1612 vehicles available 1,832 13.3% 2293 vehicles available 797 5.8% 1574 vehicles available 380 2.8% 1055 or more vehicles available 112 0.8% 49

Renter occupiedNo vehicle available 1,124 8.2% 1791 vehicle available 4,590 33.4% 3702 vehicles available 2,881 21.0% 2873 vehicles available 623 4.5% 1424 vehicles available 107 0.8% 475 or more vehicles available 27 0.2% 35

Average Number of Vehicles Available N/A N/A

OFFERING MEMORANDUM

JOE KIM, CCIM, CRRP

Director of Investments

818.432.1561

[email protected]

DRE: 01898072

joe kim, ccim, crrp...questions regarding the condition of the property and whether the property...

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