Offering Memorandum (5)-compressed

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO I $ 1,999,000 LOS ANGELES, CA 90006 LIFETIME COMMERCIAL the property property features APN/ Parcel ID: 5077- 029-006 High Density Area Property Type: Land Zoning: R4-1 with R4-1 Zone Property Subtype: Residential Tier 3 Total Lot Size: 0.16 AC Area: Koreatown/ Vermont Proposed 25 Unit Delivered RTI Ready Apartment PRESENTED BY: TOMMY KIM President, Lifetime Realty Inc. Cell: (714) 728-6564 [email protected] DRE #01795209

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 CTAOBNLTEEONFTS 01 COVER PAGE 02 TABLE OF CONTENTS 03 CONFIDENTIALITY AND DISCLAIMER 04 PROPERTY OVERVIEW/ OFFERING 05 POTENTIAL RENT ROLL 06 UNDERWRITING 07 RENDERING 08 ARIEL IMAGES 10 CONSTRUCTION PROPOSAL/ FLOOR PLANS 15 AREA MAP 18 LIFETIME COMMERCIAL/ AGENT INFORMATION 19 NOTES TOMMY KIM President, Lifetime Realty Inc. Cell: (714) 728-6564 [email protected] DRE #01795209

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 CONFIDENTIALITY & DISCLAIMER ALL MATERIALS AND INFORMATION RECEIVED OR DERIVED FROM LIFETIME REALTY INC. 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 LIFETIME REALTY INC. 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. LIFETIME REALTY INC. 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. LIFETIME REALTY INC. MAKES NO WARRANTIES AND/OR REPRESENTATIONS REGARDING THE VERACITY, COMPLETENESS, OR RELEVANCE OF ANY FINANCIAL DATA OR ASSUMPTIONS. LIFETIME REALTY INC. 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 IN COMPLIANCE WITH ALL APPLICABLE FAIR HOUSING AND EQUAL OPPORTUNITY LAWS. WE OBTAINED THE INFORMATION ABOVE FROM SOURCES WE BELIEVE TO BE RELIABLE. HOWEVER, WE HAVE NOT VERIFIED ITS ACCURACY AND MAKE NO GUARANTEE, WARRANTY OR REPRESENTATION ABOUT IT. IT IS SUBMITTED SUBJECT TO THE POSSIBILITY OF ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE. WE INCLUDE PROJECTIONS, OPINIONS, ASSUMPTIONS OR ESTIMATES FOR EXAMPLE ONLY, AND THEY MAY NOT REPRESENT CURRENT OR FUTURE PERFORMANCE OF THE PROPERTY. YOU AND YOUR TAX AND LEGAL ADVISORS SHOULD CONDUCT YOUR OWN INVESTIGATION OF THE PROPERTY AND TRANSACTION. 3

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 PROPERTY OVERVIEW/ OFFERING OFFERING SUMMARY PROPERTY OVERVIEW ADDRESS: 2837 & 2839 SAN MARINO Best Koreatown location close to DTLA! This Unentitled LOS ANGELES CA 90006 Development opportunity in one of the most Densely populated areas of Koreatown. Take advantage of TOC PRICE: $1,999,000 Tier 2 Density bonus 60%. Owners plan was to build 25 units. (10) studio + (10) 1 bed 1 bath + (5) 2 bed 2 bath. LAND: 2000 SQ FEET Rents for new apartments are going from $1,500 ~ $3,000 per/unit in the area. Huge income producing opportunity. LOT SIZE: 0.16 AC R4 zoning. Many commercial amenities. ZONING: R4-1 TOC TIER 3 Metro stations are walking distance or short bike rides. Area is experiencing mass gentrification, hundreds of new MARKET: KOREATOWN apartment and condo projects are currently under construction. currently the lot has a SFR that is tenant APN/ PARCEL ID 5077-027-023 occupied and will be delivered vacant. Property is being sold AS-IS land value. GROSS BUILDABLE: 27 UNITS UNITS BREAKDOWN PARKING: 10 Unit 0 Bedroom + 1 Bathrooms TOTAL HEIGHT: 10 Unit 1 Bedroom + 1 Bathrooms 5 Unit 2 Bedroom + 2 Bathrooms 3 Units Low income 25 parking stalls Communal Roof deck area 4

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 POTENTIAL RENT ROLL 5

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 POTENTIAL RENT ROLL 5

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 RENDERING 7

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 AREIL IMAGES 8

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 AREIL IMAGES 9

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 FLOOR PLANS 10

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 FLOOR PLANS 11

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 FLOOR PLANS 12

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 FLOOR PLANS 13

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 FLOOR PLANS 14

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 AREA MAP 15

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 AREA MAP 16

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 AREA MAP 17

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 ABOUT LIFETIME COMMERCIAL LIFETIME COMMERCIAL IS A DIVISON OF LIFETIME REALTY, INC. AT LIFETIME COMMERCIAL, OUR FOCUS IS TO PROVIDE CLIENTS WITH COMPREHENSIVE AND SUPERIOR TRUSTWORTHY SERVICES. WE OFFER SERVICES FROM MARKET RESEARCH TO ALL COMMERCIAL PROPERTY TYPES INCLUDING MULT-FAMILY, OFFICE, RETAIL, INDUSTRIAL, LAND AND DEVELOPMENT REAL ESTATE. OUR SERVICES GO MUCH FURTHER THAN PURCHASING OR SELLING AN ASSET. WORKING WITH CLIENTS, WE IDENTIFY THEIR REAL ESTATE INVESTMENT GOALS AND WORK TO BUILD A REAL ESTATE INVESTMENT PLAN. WE TAKE GREAT STEPS TO ENSURE OUR CLIENTS ARE TAKEN CARE OF. LIFETIME PROVIDES ACQUISITIONS-COMMERCIAL PROPERTIES, DISPOSITIONS-COMMERCIAL PROPERTIES, COMMERCIAL LEASING SERVICES, ADVISORY SERVICES, AND MARKET RESEARCH. LIFETIME REALTY INC. IS A REAL ESTATE BROKER LICENSED BY STATE OF CALIFORNIA AND ABIDES BY EQUAL HOUSING OPPORTUNITY LAWS. ALL MATERIALS PRESENTED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. ALL MEASUREMENTS, PROJECTIONS, AND SQARE FOOTAGE ARE ESTIMATES AND/OR APPROXIMATIONS. ABOUT TOMMY KIM TOMMY KIM PRESIDENT OF LIFETIME REALTY IS ONE OF THE LEADING REAL ESTATE ENTREPRENEURS IN SOUTHERN CALIFORNIA. BORN IN SEOUL, SOUTH KOREA AND MOVE TO THE U.S. WHEN HE WAS 10 YEARS OLD. HAVING A CORPORATE JOB FOR 7 YEARS AFTER ATTENDING UCI, STARTED REAL ESTATE ENTREPRENEURSHIP, INVESTING IN RENTAL PROPERTIES. AS A PROMINENT FIGURE IN  THE INVESTMENT REAL ESTATE MARKET, TOMMY SOLD REAL ESTATE PROJECTS IN CALIFORNIA, FLORIDA, TEXAS, NEVADA, ALABAMA, AND PENNSYLVANIA. FIX AND FLIPPED PROPERTIES NATIONWIDE. SOLD LARGE COMMERCIAL REAL ESTATE PORTFOLIOS AND NON PERFORMING NOTES. NOW WITH OVER $1 BILLION IN SALES AND INVESTMENT EXPERIENCE, TOMMY REPRESENTS MANY PROPERTIES ACROSS SOUTHERN CALIFORNIA. HE HAS AN EXTENSIVE CLIENT BASE FEATURING THOSE WHO SEEK THE INVESTMENT PORTFOLIO INCLUDING HEADS OF INDUSTRY, MAJOR LENDING INSTITUTIONS, AND MAJOR LENDING INSTITUTIONS. WITH MORE THAN TWO DECADES IN RESIDENTIAL HOME SALES, INVESTMENT PROPERTIES, COMMERCIAL REAL ESTATE, AS WELL AS DISTRESSED PROPERTIES. TOMMY ATTRIBUTES HIS SUCESS TO HIS FAMILY AND PARENTS, PARTNERS, TEAMMATES, AND TRUE LOVE OF INVESTMENT REAL ESTATE. HE IS NOW A DEVELOPER OF CONDO AND APARTMENT PROJECTS. TOMMY'S DREAM IS TO BUILD A REAL ESTATE BROKERAGE THAT CREATES REAL ESTATE ENTREPRENEURS AND HAVE RETIREMENT INCOME THROUGH CASH FLOW PROPERTIES FOR LIFE. TOMMY KIM President, Lifetime Realty Inc. Cell: (714) 728-6564 [email protected] 18 DRE #01795209

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 NOTES TOMMY KIM President, Lifetime Realty Inc. Cell: (714) 728-6564 [email protected] 19 DRE #01795209

OFFERING MEMORANDUM 2837 & 2839 SAN MARINO LOS ANGELES, CA 90006 LIFETIME REALTY & INVESTMENTS \"Your Real Estate Professionals for Life!\" 140 S. Flower Street. Suite 200, Orange, CA 92868 Office: (714) 363 - 3888 www.LifetimeRealtyGroup.com