3704 Kelton Ave.

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3704 Kelton Ave.

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Investment memorandum
March 1, 2019

Project Description

3704 Kelton Ave combined with 3676 Kelton Ave is currently a large double 15,335 sq loft being offered with 3 existing units. Located in West Los Angeles, the neighborhood of Palms directly adjacent to Culver City, the property is very centrally located  in the Los Angeles market with Santa Monica to the west, Century City/Beverly Hills to the north, an Hollywood/Downtown Los Angeles to  the east. Venice Boulevard acts as the major west/east commercial thoroughfare in the area, with the 405 freeway and the 10 freeway both being within 1 mile.

The Culver City and Palms sub-market is a great mix of single family homes an dmulti-family apartment buildings comprised by strong demographics. The area has become very popular in recent years for young professionals and new families due to its close proximity to the main employment centers of Santa Monica and Century City.

Zoning
R3
Lot SIze
15,335
Total Units
25
Total Stories
4
Unit Mix
3 bd 2ba / 2bd 2ba / 1 bd 1ba
TOC
900 sq ft bonus, Reduced parking requirements

Management

Brock Wylan and Simon James are a design build team based in Venice CA. Brock and Simon both come from creative backgrounds having previously run fashion magazines, design frims and retail clothing boutiques. They have extensive design/contruction experience and bring their high-level taste and sofistication to every project they take on. A sharp eye for detail and a true love of architecture and beautiful design allow them to push their projects to make timeless statements. The goal of this team is to continue to develop eco-friendly multi-unit and single family residences that combine state of the art concepts with a modern feel.

developer

Design / Build Team

Architect
Ben Adams Studio
General contractor
Boswell Construction

Financing / Legal

bank debt
Banc of California
private debt
New Frontier Captial
legal
Caldwell Law
land use
Caplan & Associates

Disclaimer

Disclaimer

Vukota Real Estate (“VRE”) is making this investment memorandum (“Investment Memorandum”) available for information purposes only and it contains confidential information not intendedfor public use or distribution. Nothing contained in this Investment Memorandum should be considered an offer to sell securities, or a solicitation of an offer to purchase securities. Any such offering will only be made to accredited investors through an offering memorandum or similar disclosure document, subject to applicable laws, rules, and regulations. No offer to make an investment will be made prior to receipt by a prospective investor of these documents and the completion of all appropriate documents.

VRE, nor any of its respective officers or principals, has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of this Investment Memorandum. This Investment Memorandum is not intended to provide a complete or accurate summary of the investment opportunity or any of the documents related thereto, nor doesit purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All financial projections are based upon assumptions relating to the generaleconomy, competition, and other factors beyond the control of the General Partner, and therefore may be subject to variation. This Investment Memorandum does not constitute an indicationthat there has been no change in the business or affairs of the property since the date of preparation of the Investment Memorandum. Any forward looking statements, including, withoutlimitation, financial projections or expectations, contained in this Investment Memorandum should not be regarded as a representation by any person that the estimates, projections, orexpectations will be achieved.

VRE expressly disclaims any and all liability based, in whole or in part, on such information contained within the Investment Memorandum, or any errors or omissions. VRE reserves the rightto modify or change its views or conclusions at any time in the future without notice and the Investment Memorandum is subject to updating, amendment, and more complete disclosures. Furthermore, the Investment Memorandum is not intended to be, nor should it be construed or used as, investment, tax, or legal advice. Each prospective investor should seek advice basedon his or her particular circumstance from an independent tax advisor concerning the income and other tax consequences of participation in this investment. The effects of any state, local orforeign tax law, or of federal tax law other than income tax law, are not addressed in this memorandum and, therefore, must be evaluated independently by each prospective investor.

Nothing contained within this memorandum is or should be construed as legal or tax advice to any potential investor.Each prospective investor is urged to consult such investor’s personal tax advisor with respect to the state and federal income tax consequences of his or her participation as an investorin the property. The effects of any state, local or foreign tax law, or of federal tax law other than income tax law, are not addressed in this memorandum and, therefore, must be evaluatedindependently by each prospective investor. Nothing contained within this memorandum is or should be construed as legal or tax advice to any potential investor. Each prospective investoris urged to consult such investor’s personal tax advisor with respect to the state and federal income tax consequences of his or her participation as an investor in the property.A prospective investor should carefully review the offering memorandum before investing, as it will include important disclosures and risk factors associated with the investment. There is noguarantee the stated objectives will be met. Past performance is no guarantee of future results. To obtain further information, please contact Patti Levinsky, Director of Investor Services, at720.204.2477 or plevinsky@vukotacapital.com.