Report provided by Omar Ting & Adam Peterson | The DT Group | Multi-Family Specialists | Downtown, USC, Silverlake/Echo Park,

and Koreatown

Market Activity Report: Multi-Family

Los Angeles: September 2007

Year # Of Price Bldg Price Cap Sale

Property Address Sale Price Built Units Per Unit SF Per SF Rate GRM Zoning Date
534 S Oxford Ave $3,066,000 1989 20 $153,300 14,787 $207.34 4.91 R4, Los Angeles 9/5/2007
1206 Irolo St $575,000 1922 4,276 $134.47 R3, Los Angeles County 9/7/2007
1550-1560 S Ardmore Ave $700,000 1924 5 $140,000 4,706 $148.75 3.16 R2, Los Angeles 9/11/2007
240 S Western Ave $6,500,000 1925 60 $108,333 44,988 $144.48 7.81 8.82 C2, Los Angeles 9/13/2007
3210 Pasadena Ave $957,000 12 $79,750 6,839 $139.93 9/13/2007
2037 Yosemite Dr $900,000 1963 5 $180,000 3,739 $240.71 RD1.5, Los Angeles 9/13/2007
722 S Ardmore Ave $7,200,000 1960 38 $189,474 25,288 $284.72 R4-4, Los Angeles 9/14/2007
206 S Boyle Ave $660,000 1966 6 $110,000 4,454 $148.18 6.50 11.70 R4, Los Angeles 9/14/2007
264 W Valencia Ave $1,000,000 1986 6 $166,667 4,800 $208.33 R4, Burbank 9/17/2007
827 S Wilton Pl $1,750,000 1986 18 $97,222 12,406 $141.06 R3, Los AngeleS 9/19/2007
450 S Manhattan Pl $1,500,000 1953 12 $125,000 9,216 $162.76 5.27 12.80 R4, Los Angeles 9/19/2007
5217-5233 Hollywood Blvd $10,000,000 1928 101 $99,010 89,694 $111.49 3.00 C2 & R3, Los Angeles 9/20/2007
3954 Ursula Ave $3,145,000 1960 38 $82,763 38,581 $81.52 R4-1, Los Angeles 9/21/2007
619 N Hayworth Ave $1,600,000 7,584 $210.97 9/21/2007
120 S Oxford Ave $1,195,000 1957 9 $132,778 8,078 $147.93 4.32 14.50 R3 9/21/2007
3862 Potomac Ave $1,080,000 1957 24 $45,000 19,070 $56.63 R4-1, Los Angeles 9/21/2007
1902 Wellington Rd $1,070,000 4,550 $235.16 9/21/2007
4326 W Martin Luther King Jr Blvd $900,000 1955 10 $90,000 8,029 $112.09 LAR3 9/21/2007
4400 W Martin Luther King Jr Blvd $875,000 1955 20 $43,750 16,058 $54.49 R4-1, Los Angeles 9/21/2007
701 S Hobart Blvd $4,700,000 1962 17 $276,471 29,793 $157.76 R4, Los Angeles 9/24/2007
501 N Kings Rd $1,850,000 9,162 $201.92 9/24/2007
8566 W Olympic Blvd $1,540,000 1939 5 $308,000 5,166 $298.10 4.29 R3, Los Angeles 9/24/2007
821 W 62nd St $575,000 1926 5 $115,000 2,194 $262.08 11.00 RD2 9/24/2007
2028 S Beverly Glen Blvd $1,900,000 1954 6 $316,667 4,390 $432.80 3.76 16.61 9/25/2007
2314 W Pico Blvd $1,030,000 1922 17 $60,588 9,408 $109.48 6.70 9.10 C2, Los Angeles 9/25/2007
229 S Westlake Ave $790,000 1926 12 $65,833 6,150 $128.46 6.76 10.90 R3, Los Angeles 9/25/2007
 Report provided by Omar Ting & Adam Peterson | The DT Group | Multi-Family Specialists | Downtown, USC, Silverlake/Echo Park, and Koreatown
1927 N San Fernando Rd $1,450,000 1940 30 $48,333 21,723 $66.75 M1, Los Angeles 9/26/2007
3930 Ursula Ave $2,855,000 1962 34 $83,971 29,758 $95.94 R4-1, Los Angeles 9/27/2007
714 W Colden Ave $700,000 1951 8 $87,500 5,600 $125.00 LAR4 9/27/2007
9025 National Blvd $2,380,000 1952 20 $119,000 11,654 $204.22 5.46 C4, Los Angeles 9/28/2007
1443 S Bonnie Brae St $1,950,000 1929 40 $48,750 19,110 $102.04 11.97 LARD1.5 9/28/2007
854 S Sherbourne Dr $1,550,000 1955 6 $258,333 5,495 $282.07 LAR3 9/28/2007
11930 Louise Ave $1,400,000 1962 11 $127,273 6,198 $225.88 LAR3 9/28/2007
1648 EDGECLIFFE DR $1,250,000 1962 7 $178,571 4,862 $257.10 3.80 14.98 R4-1, Los Angeles 9/28/2007
5044 Maplewood Ave $1,078,000 1961 8 $134,750 6,188 $174.21 R3, Los Angeles 9/28/2007
7144 Ramsgate Ave $845,000 1952 5 $169,000 3,402 $248.38 9/28/2007
1607 S Gramercy Dr $640,000 1949 6 $106,667 3,622 $176.70 5.79 11.50 R31a, Los Angeles 9/28/2007
Average $1,977,189 19 $131,750 $176.21 - -
*Source: CoStar Comps

Average Cap Rate & Average GRM have been omitted due to unavailability of complete information. The values that are reported may or may not be exact
figures.

Key Rates
Prime: 7.75%
6-Mo Libor: 5.006%
12-MTA 4.863%
COFI 4.359%
10-Yr CMT: 4.52%
10-Yr Treas: 4.391%
*as of October 21st, 2007