Page 7 - Watermark_Offering Memorandum_GSP

PROJECT SUMMARY UNIT AMENITIES

PROJECT NAME Watermark • Nine-Foot Ceilings
PROPERTY TYPE Multifamily / Mixed-Use • Crown Molding

ADDRESS 6625 Reseda Blvd, Reseda CA 91335 • Wood-Style Flooring
COUNTY Los Angeles • Stainless Steel Appliance
SPONSOR Gelt-Uhon Development Holdings • LG HI-MACS Countertops
UNITS 250 • Modern Cabinetry

YEAR BUILT 2020 • Tiled Backsplashes
LAND SIZE 2.4 Acres
STORIES 6 COMMUNITY AMENITIES
TOTAL BUILDING AREA 215,200 • Rooftop Deck

RESIDENTIAL 195,609 • BBQ Areas & Fire Pits
RETAIL 6,591 • Swimming Pool & Spa
SELF STORAGE 13,000 • Fitness Center
PARKING 422 Spaces (On Grade & Subterranean) • Clubhouse

• Community Room
UNIT MIX • Business Center

• Community Gardens
UNIT TYPE UNITS MIX AVG SF BASE RENT MARKET RENT $/SF
Studio 13 5% 419 $1,662 $1,685 $4.03 • Package Reception System

1 Bed + 1 Bath 108 43% 612 $1,896 $1,934 $3.16 with Refrigeration
1 Bed + 1.5 Bath TH 18 7% 739 $2,225 $2,242 $3.04 • Pet Grooming Area
2 Bed + 1 Bath 8 3% 849 $2,430 $2,596 $3.06 • Secured Underground Parking
2 Bed + 1.5 Bath TH 16 6% 1075 $2,834 $2,843 $2.65 • Self-Storage Units
2 Bed + 2 Bath 73 29% 946 $2,533 $2,619 $2.78 • Bike Storage

2 Bed + 2.5 Bath 4 2% 972 $2,623 $2,711 $2.79
3 Bed + 2 Bath 10 4% 1,386 $3,192 $3,294 $2.38
TOTAL/AVERAGE 250 100% 782 $2,234 $2,290 $3.01
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