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Market COMPARABLES

RENT
Property Address City Year Built Units Studio One Bedroom Two Bedroom

SF Rent $/SF SF Rent $/SF SF Rent $/SF
1 Motif 21021 Erwin St Woodland Hills 2015 395 -- -- -- -- -- -- 1,484 $3,124 $2.11
2 Vela on OX 21221 W Oxnard St Woodland Hills 2019 379 627 $2,119 $3.38 652 $2,382 $3.65 985 $2,942 $2.99
3 Sofi at Warner Center 6300 Variel Ave Woodland Hills 2010 225 -- -- -- -- -- -- 1,150 $2,826 $2.46

4 Clarendon 22121 Clarendon St Woodland Hills 2020 335 564 $2,061 $3.65 715 $2,298 $3.21 996 $2,742 $2.75
5 Pointe at Warner Center 6150 Canoga Ave Woodland Hills 2004 136 -- -- -- 755 $2,252 $2.98 -- -- --
Average -- -- 2014 294 596 $2,090 $3.51 707 $2,311 $3.27 1,154 $2,909 $2.52
21515 Vanowen 21516 Vanowen Canoga Park 2023 193 540 $2,065 $3.82 770 $2,496 $3.24 1,021 $2,978 $2.92

SALE
Property Address City Year Built Units Sale Price $/Unit Cap Rate Sale Date
1 Montecito 6203 Variel Ave Woodland Hills 2007 85 $48,500,000 $570,588 -- Jan-20

2 Triana at Warner Center 6250 Canoga Ave Woodland Hills 2008 362 $157,000,000 $433,702 3.90% Jul-18
3 Motif 21021 W Erwin St Woodland Hills 2015 395 $163,000,000 $412,658 -- Dec-15
4 Mira 21425 Vanowen St Canoga Park 2019 174 $70,500,000 $405,172 4.30% Nov-19
5 Sofi at Warner Center 6300 Variel Ave Woodland Hills 2010 224 $82,500,000 $368,304 4.00% Sep-18

Average -- -- 2012 248 $104,300,000 $420,565 4.07% --
21515 Vanowen 21515 Vanowen St Canoga Park 2023 193 $127,000,000 $489,636 (1) 4.50% Dec-30

(1) Price/Unit was discounted to reflect present value using a 3.0% rate

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