Executive Summary

• Value-Add Opportunity Through Renovations of Individual Units and Unused Basement Common Area for Storage and On-Site Laundry Facilities
• Significant Rental Upside of Over Thirty Percent (30%)
• Pico-Union Rated One of Business Week’s Top Ten Neighborhoods in the Country for Real Estate
• Contributing Feature of the Pico-Union Historical Preservation Overlay Zone (HPOZ)
• Features New Roof Installed with Permits (December 2011) and Copper Plumbing Throughout
• Potentially Qualifies for Mills Act Historical Property Contract Program
• Separately Metered for Gas and Electric – (Thirty-Seven Gas Meters, 40 Electric Meters)
• Fire Protection Equipment Recently Passed Regulation No. 4 Testing – June 2016