Investment Overview

Turnkey Property with Upside -8% upside in rental income via renovating the remaining classic unit and capturing existing loss-to-lease on renovated units -5.25% cash-on-cash return after raising all units to market rent. -Strong in-place income stream allows for a higher leverage acquisition loan versus comparable investments Strong Unit Mix with Large Floorplans -The property features large & open floorplans averaging 960 SF -All units include a complete set of appliances (range, dishwasher, refrigerator, & microwave) -The Property features controlled access and ample gated parking (1.3 spaces/unit) Proximity to Employment and Major Developments -Casino Royale III is just minutes away from major employers such as SpaceX and Boeing, and a short drive from major employment hubs such as El Segundo, Playa Vista, Howard Hughes Center, Venice, and Culver City -The Property is just steps from transformative developments such as Sofi Stadium, Intuit Dome, Hollywood Park, and the Forum Strong Multifamily Fundamentals -Over the next 5 years, rents are projected to grow 5.84% annually while average occupancy remains above 96.3% -Single family homes continue to rapidly appreciate (up 36% over the last 5 years) making homeownership unattainable for 97% of the population in Hawthorne