Multifamily Value-Add Opportunity • 2892 W 7th St, 129 N Oxford Ave, and 746 S Normandie Ave are offered at an attractive basis of $141,667, $175,000, and $141,429 per unit, respectively • 120 units across three properties, well maintained by the same owner for over 25 years • All properties priced below replacement cost at an average of $148,542 per unit, $243 per square-foot, a 5.53% cap rate and a 7.26% pro forma cap rate—to be purchased individually or in bulk • Rental upside of 12% through operational efficiencies, strategic renovations of units and common areas, implementing a RUBS program, and exploring the addition of ADUs • Residents benefit from spacious floor plans, 8 to 10 foot ceilings, large windows with ample lighting, on-site laundry facilities, controlled access, and select units providing sweeping city views of the Los Angeles skyline Strong Multifamily Fundamentals • Koreatown home sale prices have risen 2.6% over the past year and are projected to rise an additional 3.8% within the year • Submarket asking rents expected to rise 11.3% over the next five years • Koreatown occupancy averaged 96% over the past five years • Renters make up 95.5% of housing population within a one-mile radius • Average household income of $94,714 within a five-mile radius and expected to rise 10% over the next five years Well-located at the Epicenter between Downtown Los Angeles and Hollywood • All three properties sit within walking distance of major Koreatown nightlife, dining, and shopping attractions, including Chapman Plaza, The LINE Hotel, and City Center on 6th • Koreatown is one of the most historic, diverse, and densely populated areas in Los Angeles • 2892 W 7th St, 129 N Oxford Ave, and 746 S Normandie Ave boast incredible Walker’s Paradise scores of 94, 97, and 95, respectively • All properties are less than 15 minutes walking distance to the Wilshire/Normandie B Line and Wilshire/Vermont B and D Line Metro Stations, offering tenants excellent access across the LA metro