EXCEEDINGLY RARE OPPORTUNITY

• First time on the market in 52 years, from the exclusive original developer and operator
• Rare opportunity to acquire one of only 16 harborside assets in the Marina—no properties have been built since 2008, and there is limited opportunity for future new construction
• Villa Del Mar is the fourth waterfront asset to hit the market in the last decade, and the first in four years, providing a generational investment opportunity

SIGNIFICANT UPSIDE POTENTIAL

• The property is favorably priced below replacement cost at an extremely attractive high single-digit unlevered IRR and low teen levered IRR, without consideration of additional proposed 47 ADUs
• With $27 million in renovations recently completed in 2017, the property provides strong investor potential to capitalize on ±17.85% in loss-to-lease by bringing rents to market with minimal to no capital outlay

LUXURIOUS COASTAL LIVING

• Arranged in a mix of (102) one-bed and one-bath, (15) one-bed and two-bath den, and (81) two-bed and two-bath units—all units are equipped with large individual balconies or patios, floor-to-ceiling in- unit windows, top-of-the-line stainless steel appliances, hardwood-style floors in kitchens and bathrooms, and in-unit stackable washer and dryers

PRIME LOCATION IN THE HEART OF MARINA DEL REY AND SILICON BEACH

• Favorably located in Marina Del Rey, the Property is positioned in West LA, just a 10-minute drive to the renowned Venice Beach Boardwalk, Abbot Kinney Boulevard, and the Venice Canal, and within 6-miles of Santa Monica and Culver City and a 35-minute drive to Brentwood, Beverly Hills, and Downtown Los Angeles
• Average submarket rent is forecasted to rise by 20.82% over the next five years​​​​​​​