Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present 1825 Tamarind Ave, a multifamily investment opportunity totaling 33 units in prime Hollywood just south of Franklin Ave across the street from the Church of Scientology • The subject property consists of two two-story structures featuring a unit mix of 20 singles, nine one-bedrooms, three two-bedrooms, and one three-bedrooms; there are 33 parking spaces, a mix of tuck under parking and uncovered spaces at the rear of the property; seven units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately • True value add opportunity with the majority of the rents below market; 5.39% CAP rate & 10.84 GRM at the asking price with an additional 28% rental upside; additionally, the abundant parking and storage spaces create an opportunity to add several ADU’s via the newly passed SB 1211 (Buyer to verify) • Units are well-maintained but can be enhanced through interior renovations to achieve market rents such as new flooring, recessed lighting or new fixtures, updated bathrooms & kitchens, and appliances • High walk score of 87, half of a mile from the Metro B rail line and walking distance to multiple Metro local lines along Franklin Ave • Close to key employment hubs, including Netflix, Paramount Pictures, Capitol Records, and the Sunset Gower Studios, making it an ideal location for industry professionals • Significant affordability gap to home ownership in Hollywood. The monthly payment on a median-priced home—inclusive of condos—is drastically higher than average rents in the area, which serves as a constant occupancy driver for apartment communities in Hollywood