The Subject Property is located on the North West corner of Soto Street

and Third Street One Block away from the Soto and First Street Metro

Existing site contains five single story rental homes month to month

Property is located in an LA RD1.5 Zone

Location Description:

The subject property is a residential income property located in a densely populated

area of the city of Los Angeles (Boyle Heights Area) minutes from downtown Los Angeles and in a strong rental demand area. The property consists of five separate homes of one bedroom one bath each, fully occupied with stable and long time tenants. The subject property is located on a major street in a desirable neighborhood, and conveniently close to 5,

10, and 60 Freeways and one block away from the First and Soto Metro Station.

All tenants are on Month to Month and the immediate area is comprised primarily of a

residential community of single family residences and small to medium size

apartment buildings A Development Opportunity It has Four Third Street Addresses 2321 to 2327 3rd Street and one 221 Soto St. Address

Highlights:

>> The proposed new construction will consists of four stories building divided as follows:

>> 1. The Ground floor will be a Parking Garage with the building entrance and a manager