Page 14 - Watermark_Offering Memorandum_GSP

MARKET

COMPARABLES

SALES

27
PROPERTY ADDRESS CITY YEAR BLT/RENO UNITS SALE PRICE PRICE/UNIT CAP RATE SALE DATE 405
1 Montecito 6203 Variel Ave Woodland Hills 2007 85 $48,500,000 $570,588 -- Jan 20
2 The Weddington 11116 Chandler Blvd North Hollywood 2018 329 $169,200,000 $514,286 4.5% Sep 19
3 Triana 6250 Canoga Ave Woodland Hills 2008 362 $157,000,000 $433,702 3.9% Jul 18
4 nVe 11405 Chandler Blvd North Hollywood 2017 82 $34,400,000 $419,512 -- Dec 18
5 Mira 21425 Vanowen St Canoga Park 2019 174 $70,500,000 $405,172 4.3% Nov 19
AVERAGE -- -- 2014 206 $95,920,000 $464,729 4.2% -- 4
Watermark 6625 Reseda Blvd Reseda 2020 250 $121,000,000 $484,000 4.5% May 23

27
LEASE

405
PROPERTY ADDRESS CITY YEAR BUILT UNITS OCCUPANCY AVG SF AVG RENT AVG $/SF
1 White Magnolia 17720 Magnolia Blvd Encino 2015 50 96.0% 1,126 $2,972 $2.64
2 Reveal 21201 Kittridge St Woodland Hills 2010 438 97.5% 947 $2,430 $2.57 WATERMARK 5

3 Eton Warner 6701 Eton Ave Woodland Hills 2013 298 93.6% 906 $2,264 $2.50 5
4 Alder 19401 Parthenia St Northridge 2016 334 95.3% 839 $2,244 $2.67 2 3 6
5 Woodley Sara 7121 Woodley Ave Van Huys 2016 126 99.2% 846 $2,146 $2.54 3
6 The Enclave 6710 Variel Ave Woodland Hills 2010 192 93.8% 849 $2,076 $2.45 1 2 4
AVERAGE -- -- 2013 240 95.9% 898 $2,299 $2.56
Watermark 6625 Reseda Blvd Reseda 2020 250 -- 782 $2,290 $3.01 101

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