4332-4336 3/4 Lockwood Ave 10 Unité Immeuble d’appartements 2 220 496 $ CAD (222 050 $ CAD/Unité) Los Angeles, CA 90029

Why Invest in a Courtyard Property:
- Higher resale premiums vs generic buildings
- Strong appeal for residents
- Courtyard buildings are ideal for renovation strategies- Improve common space ? lifestyle repositioning
- Limited housing supply
- Strong long-term appreciation drivers
- Scarcity + historical character = long-term appreciation
This offering represents a compelling value-add acquisition with meaningful embedded upside through operational repositioning and revenue optimization. While in-place financial performance is currently below market benchmarks, the asset provides a clear pathway to stabilization and yield enhancement.
The investment centers on capturing rent growth, improving operational efficiencies, and executing a disciplined capital improvement program.
- In-place rents materially below market, supporting a significant mark-to-market opportunity
- Operational inefficiencies creating immediate expense reduction opportunities
- Ability to implement RUBS and ancillary income streams to enhance revenue
- Clear path to NOI expansion through interior and exterior capital improvements
- Favorable basis relative to comparable stabilized assets in the submarket
- Located within a high-demand, supply-constrained rental corridor
- Strong exit optionality upon stabilization with cap rate compression and NOI growth
This opportunity is best suited for investors seeking to deploy capital into a structured value-add strategy with identifiable levers for
performance improvement and long-term appreciation.