You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
THE POLARIS PACIFIC REPORT<br />
<strong>Los</strong> <strong>Angeles</strong><br />
<strong>Condominium</strong> <strong>Market</strong><br />
MAY 2016<br />
DOWNTOWN<br />
WESTSIDE<br />
HOLLYWOOD<br />
KOREATOWN<br />
TRI-CITIES<br />
SAN FRANCISCO / LOS ANGELES / SAN DIEGO / OAKLAND-EMERYVILLE / SILICON VALLEY
MARKET SNAPSHOT<br />
LOS ANGELES | MAY 2016<br />
LOW-RISE BUILDING<br />
4 STORIES OR LESS<br />
MID-RISE BUILDING<br />
5-12 STORIES<br />
HIGH-RISE BUILDING<br />
13 STORIES OR MORE<br />
PRICE PER SQ. FT.<br />
$670<br />
PRICE PER SQ. FT.<br />
$673<br />
PRICE PER SQ. FT.<br />
$895<br />
ANNUAL CHANGE<br />
+7.3%<br />
ANNUAL CHANGE<br />
+3.6%<br />
ANNUAL CHANGE<br />
+25.0%<br />
MACRO TRENDS<br />
CONDO INVENTORY<br />
BY TYPE<br />
CONDO SALES & MEDIAN PRICE<br />
BY TYPE<br />
MULTI-FAMILY COMPLETIONS<br />
BY BUILDING TYPE<br />
137<br />
770<br />
NEW<br />
CONDOS<br />
3.8<br />
NEW<br />
CONDOS<br />
$679K<br />
397<br />
NEW<br />
CONDOS<br />
3,726<br />
MONTHS OF<br />
RESALE<br />
INVENTORY<br />
1,367<br />
RESALES<br />
MEDIAN<br />
RESALE<br />
PRICE<br />
1,088<br />
RESALES<br />
2015*<br />
MULTI-FAMILY<br />
DELIVERIES<br />
3,329<br />
NEW<br />
APTS<br />
ABOUT POLARIS PACIFIC Polaris Pacifi c is a new-condominium brokerage and advisory fi rm renowned for its grasp and insight into market trends<br />
and buyer sentiment in the major urban markets of the West Coast, and its ability to capitalize upon this information to generate sales performance. We<br />
produce monthly reports on six major urban markets on the West Coast—San Francisco, <strong>Los</strong> <strong>Angeles</strong>, Silicon Valley, Oakland-Emeryville, San Diego and<br />
Seattle—that provide timely insight into the performance of new and existing condominiums in these regions. We also generate comprehensive custom<br />
reports for specifi c multi-family development sites, including pricing and rental models, fl oorplan critique services, demographic analysis, and future<br />
supply projections by submarket at the request of developers and fi nancial institutions.<br />
If you’re interested in further market intelligence, please contact Miles Garber at (415) 361-4805 or mgarber@polarispacific.com.<br />
Source: SFARMLS, Polaris Pacifi c. Data from sources may be subject to errors, omissions and revisions.<br />
PSF Figures are for buildings built after 2004, infl ated to account for new construction premium. The fi gures cover the six-month periods ending 04/30/2015 and 04/30/2016.<br />
* 2015 Full-year projections.<br />
MARKET SNAPSHOT LOS ANGELES, AUGUST 2014
TABLE OF CONTENTS<br />
1 MARKET OVERVIEW<br />
MARKET INSIGHTS<br />
DEMAND CONDITIONS<br />
SUPPLY CONDITIONS<br />
DISTRICTS<br />
8 CURRENTLY SELLING<br />
18 SOLD OUT<br />
77 ABOUT POLARIS PACIFIC
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 1<br />
Annual Price and Sales Changes by District<br />
The maps below (Figures 1 & 2) show annual percentage changes in median price per square foot and total sales by<br />
district. While all districts experienced positive price and over the past year, the Westside experienced the largest increase<br />
in price (+9.6%).<br />
FIG 1. ANNUAL MEDIAN PSF CHANGE MAP<br />
FIG 2. ANNUAL SALES CHANGE MAP<br />
405<br />
Hollywood<br />
+8.4%<br />
Tri-Cities<br />
+5.1%<br />
405<br />
Hollywood<br />
+2.0%<br />
Tri-Cities<br />
+2.0%<br />
Westside<br />
+9.6%<br />
Koreatown<br />
+8.4%<br />
Downtown<br />
+4.5%<br />
5<br />
Westside<br />
-9.6%<br />
Koreatown<br />
-9.6%<br />
Downtown<br />
-31.7%<br />
5<br />
Map of the <strong>Market</strong><br />
Year-over-year change in median price per sq. ft. in each<br />
submarket of the city, for Feb 2016 - Apr 2016:<br />
(Source: Realquest)<br />
-30% -15% No Change +15% +30%<br />
Map of the <strong>Market</strong><br />
Year-over-year change in resales in each<br />
submarket of the city, for Feb 2016 - Apr 2016:<br />
(Source: Realquest)<br />
-30% -15% No Change +15% +30%<br />
Current Prices and Sales by District<br />
Figure 3 shows a box-and-whisker plot of sales prices by district during the three-month period ending April 30, 2016, with<br />
wider boxes indicating more sales. The median price was $500,100 in Downtown LA, $639,000 in Hollywood, $559,000 in<br />
Koreatown, $462,000 in the Tri-Cities and $825,000 on the Westside.<br />
FIG 3. SALES BY DISTRICT<br />
Sale Price<br />
$1,800k<br />
$1,700k<br />
$1,600k<br />
$1,500k<br />
$1,400k<br />
$1,300k<br />
$1,200k<br />
$1,100k<br />
$1,000k<br />
$900k<br />
$800k<br />
$700k<br />
$600k<br />
$500k<br />
$400k<br />
$300k<br />
$200k<br />
Downtown LA Hollywood Koreatown Tri−Cities Westside<br />
Source: Realquest<br />
District<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 2<br />
Historical Prices and Sales<br />
During the three-month period ending April 30, the median price increased to $679,000, a 7.6 percent increase from the<br />
prior year. The median price has rebounded from 2012 (see Figure 4) and continues to increase. At the same time, there<br />
were 1,088 total resales, a 12.1 percent decrease from the prior year.<br />
FIG 4. MEDIAN PRICE AND RESALES<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Resales<br />
Median Price<br />
2000 2002 2004 2006 2008 2010 2012 2014 2016<br />
$600k<br />
$500k<br />
$400k<br />
$300k<br />
$200k<br />
$100k<br />
$0k<br />
Source: The MLS<br />
Year<br />
Cash and Investor Buyers<br />
Figure 5 provides a historical trend of all-cash and investor buyers in <strong>Los</strong> <strong>Angeles</strong> since 2000. For the three months ending<br />
April 30, all-cash transactions represented 31.8 percent of sales, a decrease from 34.9 percent the same time last year.<br />
Investors represented 28.8 percent of buyers, a decrease from 31.5 percent the same time last year.<br />
FIG 5. PERCENT OF CASH AND INVESTOR BUYERS<br />
50%<br />
40%<br />
Absentee Buyer<br />
Cash Buyer<br />
30%<br />
20%<br />
10%<br />
0%<br />
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016<br />
Source: Realquest<br />
Year<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 3<br />
Historical Average <strong>Market</strong> Time (Monthly Trend)<br />
The average days on market (DOM) figure is calculated as the amount of time between the date a home is listed for sale<br />
and the date it goes into escrow. The 60-day benchmark signifies a balanced market (the dotted line in Figure 6). As shown<br />
in Figure 6, the average DOM was 59 days in the three-month period ending April 30, a 10.1 percent decrease from the<br />
same period last year.<br />
FIG 6. AVERAGE SOLD MARKET TIME (MONTHLY)<br />
120<br />
Number of Days<br />
100<br />
80<br />
60<br />
40<br />
20<br />
0<br />
2008 2009 2010 2011 2012 2013 2014 2015 2016<br />
Source: The MLS<br />
Year<br />
Historical Average <strong>Market</strong> Time (Annual Trend)<br />
Figure 7 shows the average DOM figure at the end of each year going back to 2000 (the 2015 figure is year-to-date). The<br />
average DOM has declined each year since 2011 through 2013 and increased slightly in 2016.<br />
FIG 7. AVERAGE SOLD MARKET TIME (ANNUAL)<br />
Number of Days<br />
200<br />
180<br />
160<br />
140<br />
120<br />
100<br />
80<br />
60<br />
40<br />
20<br />
0<br />
2000 2002 2004 2006 2008 2010 2012 2014 2016<br />
Source: The MLS<br />
Year<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 4<br />
Months of Remaining Inventory (Monthly Trend)<br />
The months of remaining inventory figure, or MRI figure, indicates how many months it would take to absorb current supply.<br />
Six months is considered a balanced market, while nine months or more is considered an oversupplied market. Figure 8<br />
shows a three-month moving average of the figure going back to 2008. As shown, the MRI figure has remained below the<br />
six-month benchmark since 2012. The most recent figure was 3.8 months, a 16.2 percent increase from last year.<br />
FIG 8. MONTHS OF INVENTORY<br />
15<br />
Number of Months<br />
10<br />
5<br />
0<br />
2008 2009 2010 2011 2012 2013 2014 2015 2016<br />
Source: The MLS<br />
Year<br />
Months of Remaining Inventory (Annual Trend)<br />
Figure 9 shows the MRI figure at the end of each year (the 2015 figure is year-to-date). As shown, the MRI figure declined<br />
from 2008 through 2010 before increasing slightly. Since 2012, the figure fell significantly below the six-month benchmark,<br />
signifying an under-supplied market.<br />
FIG 9. AVERAGE MONTHS OF REMAINING INVENTORY<br />
Number of Months<br />
11<br />
10<br />
9<br />
8<br />
7<br />
6<br />
5<br />
4<br />
3<br />
2<br />
1<br />
0<br />
2008 2009 2010 2011 2012 2013 2014 2015 2016<br />
Source: The MLS<br />
Year<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 5<br />
Active <strong>Condominium</strong> Inventory<br />
Figure 10 shows the inventory of unsold new condominiums (red) and active resale listings (dark gray) in <strong>Los</strong> <strong>Angeles</strong> for<br />
the month of May since 2010. Currently, there are 733 unsold new condominiums on the market, a 136.5 percent increase<br />
in unsold new condominiums from the same time last year. The majority of the new unsold inventory is in Metropolis, Phase<br />
I & Phase II.<br />
FIG 10. CONDOMINIUM INVENTORY COMPOSITION<br />
2,000<br />
Number of Units Available<br />
New Construction<br />
Resales<br />
Total Units<br />
1,000<br />
0<br />
Source: The MLS, Polaris Pacific<br />
2012 2013 2014 2015 2016<br />
Year<br />
Annual Multi-Family Completions<br />
Figure 11 shows total annual multi-family completions of both apartments and condominiums in <strong>Los</strong> <strong>Angeles</strong>. As shown,<br />
condominium completions have declined each respective year since 2007, when 1,990 completions occurred. However,<br />
there was a surge in apartment deliveries in 2014 through 2015.<br />
FIG 11. TOTAL ANNUAL MULTI-FAMILY COMPLETIONS<br />
Units<br />
5,500<br />
5,000<br />
4,500<br />
4,000<br />
3,500<br />
3,000<br />
2,500<br />
2,000<br />
1,500<br />
1,000<br />
500<br />
0<br />
Apartments<br />
Condos<br />
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015<br />
Source: Polaris Pacific<br />
Year<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 6<br />
Future <strong>Condominium</strong> Supply by District<br />
Figures 12 and 13 show the number of new condominiums currently under construction and entitled by district. A total of<br />
1,934 condominiums are currently under construction.<br />
FIG 12. CONDOMINIUMS UNDER CONSTRUCTION<br />
FIG 13. CONDOMINIUMS APPROVED<br />
405<br />
Hollywood<br />
325<br />
Tri-Cities<br />
0<br />
405<br />
Hollywood<br />
740<br />
Tri-Cities<br />
0<br />
Westside<br />
244<br />
Koreatown<br />
0<br />
Downtown<br />
1,365<br />
5<br />
Westside<br />
929<br />
Koreatown<br />
0<br />
Downtown<br />
1,188<br />
5<br />
Map of the <strong>Market</strong><br />
Number of Units: 1,934<br />
(Source: Polaris Pacific)<br />
0 500 1,000<br />
Map of the <strong>Market</strong><br />
Number of Units: 2,857<br />
(Source: Polaris Pacific)<br />
0 500 1,000<br />
Future Apartment Supply by District<br />
Figures 14 and 15 show future supply of apartments by district. Compared to new condominium construction, there is a<br />
substantially higher concentration of apartment construction in all districts of <strong>Los</strong> <strong>Angeles</strong>. A total of 17,777 apartments are<br />
currently under construction.<br />
FIG 14. APARTMENTS UNDER CONSTRUCTION<br />
FIG 15. APARTMENTS APPROVED<br />
405<br />
Hollywood<br />
2,097<br />
Tri-Cities<br />
878<br />
405<br />
Hollywood<br />
1,404<br />
Tri-Cities<br />
461<br />
Westside<br />
3,719<br />
Koreatown<br />
2,429<br />
Downtown<br />
8,654<br />
5<br />
Westside<br />
970<br />
Koreatown<br />
479<br />
Downtown<br />
4,149<br />
5<br />
Map of the <strong>Market</strong><br />
Number of Units: 17,777<br />
(Source: Polaris Pacific)<br />
0 500 1,000<br />
Map of the <strong>Market</strong><br />
Number of Units: 7,463<br />
(Source: Polaris Pacific)<br />
0 500 1,000<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 7<br />
DOWNTOWN<br />
South Park, Financial District, Bunker Hill, Civic<br />
Center, Chinatown, Historic District, Jewelry<br />
District, Fashion District, Toy District, Little Tokyo,<br />
Warehouse District, Arts District, City West<br />
HOLLYWOOD<br />
KOREATOWN<br />
Hollywood, West Hollywood, Silverlake, Echo Park<br />
Koreatown, Mid-Wilshire, Wilshire Center<br />
WESTSIDE<br />
Santa Monica, Venice, Marina del Rey, Marina Loft<br />
TRI-CITIES<br />
Burbank, Glendale, Pasadena<br />
District, Mar Vista, Sawtelle, Brentwood,<br />
Bel-Air, Westwood, West <strong>Los</strong> <strong>Angeles</strong>, Palms,<br />
Culver City, Beverlywood, Pico-Robertson, Beverly<br />
Hills, Beverly Crest, Wilshire Corridor<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 8<br />
CURRENTLY SELLING<br />
DEVELOPMENTS<br />
Metropolis Phase II<br />
Metropolis<br />
Downtown<br />
TEN50<br />
The Waverly<br />
The Cosmopolitan BW<br />
Westside<br />
Beverly West<br />
Hollywood<br />
460 Palm<br />
Kenwood Terrace<br />
482 Arroyo<br />
Tri-Cities<br />
Number of Units Available<br />
Units Available<br />
Units Closed<br />
Units in Contract<br />
0 100 200 300 400 500<br />
Total Units<br />
NEW CONDOMINIUMS NOW SELLING<br />
CURRENT<br />
PERFORMANCE<br />
LAST MONTH<br />
LAST YEAR<br />
TOTAL PROJECTS 9 10 15<br />
TOTAL UNSOLD UNITS 733 770 310<br />
PROJECTS SOLD OUT THIS MONTH 1 0 1<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 9<br />
DOWNTOWN<br />
METROPOLIS PHASE II<br />
FRANCISCO ST & W. 8TH ST<br />
DESCRIPTION<br />
Metropolis Phase II is situated in the South Park district of Downtown <strong>Los</strong> <strong>Angeles</strong><br />
developed by Greenland Group. When completed, the Metropolis project will have<br />
four towers, with retail, hotel and condominiums. Prices range from $500,000 to<br />
$2.2 Million.<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Oct ‘15<br />
First Close of Escrow: TBD<br />
In Contract: 55<br />
Closed: 0<br />
Avg. Monthly Absorption: 12.4<br />
PROJECT INFORMATION<br />
Developer: Greenland Group<br />
Submarket: South Park<br />
Number of Homes: 520<br />
HOA: $895 - $1,055<br />
AMENITIES<br />
• Retail & dining on site<br />
• Cinematic views<br />
FINISHES<br />
• Top-of-the-line appliances<br />
• Energy-efficient design<br />
• Maximized light and space<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
STUDIO - - - -<br />
1-BED - - - -<br />
2-BED - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 10<br />
DOWNTOWN<br />
METROPOLIS<br />
889 FRANCISCO ST<br />
DESCRIPTION<br />
Metropolis is situated in the South Park district of Downtown <strong>Los</strong> <strong>Angeles</strong> on<br />
Francisco Street between 8th and 9th Streets. It is being developed by Greenland<br />
Group.<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Feb ‘15<br />
First Close of Escrow: TBD<br />
In Contract: 225<br />
Closed: 0<br />
Avg. Monthly Absorption: 16.8 Units<br />
PROJECT INFORMATION<br />
Developer: Greenland Group<br />
Submarket: South Park<br />
Number of Homes: 308<br />
HOA: $895 - $1,055<br />
AMENITIES<br />
• Retail & dining on site<br />
• Cinematic views<br />
FINISHES<br />
• Top-of-the-line appliances<br />
• Energy-efficient design<br />
• Maximized light and space<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
STUDIO - 526 - 531 $580,000 - $587,000 $1,103 - $1,105<br />
1-BED - 783 - 1,053 $750,000 - $921,000 $875 - $964<br />
2-BED - 1,365 - 1,720 $1,282,000 - $1,911,000 $939 - $1,111<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 11<br />
DOWNTOWN<br />
TEN50<br />
1050 S. GRAND AVE<br />
DESCRIPTION<br />
TEN50 is a 25-story luxury development in Downtown L.A. It features one- and twobedroom<br />
homes as well as single- and dual-level penthouses. In addition, it offers<br />
13,000 of amenity space, including a resort-style pool and spa, a private dining<br />
room, fitness studio and yoga deck and a screening room.<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Mar ‘16<br />
First Close of Escrow: Late ‘16<br />
In Contract: 40<br />
Closed: 0<br />
Avg. Monthly Absorption: 19.7 Units<br />
PROJECT INFORMATION<br />
Developer: Trumark Urban<br />
Submarket: South Park<br />
Number of Homes: 151<br />
HOA: $595 - $920<br />
AMENITIES<br />
• Resort-style pool & spa<br />
• Fitness studio & yoga deck<br />
• Screening room<br />
• Private dining room<br />
• Drone delivery<br />
• Club lounge<br />
FINISHES<br />
• Domas and Domas cabinets<br />
• Marble counter & backsplash<br />
• Bertazzoni induction cooktop<br />
• Bosch dishwasher & oven<br />
• Liebherr refrigerator<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
1-BED 30 686 - 705 $600,000 - $800,000 $875 - $1,135<br />
1.5-BED 29 883 - 911 $675,000 - $990,000 $764 - $1,087<br />
2-BED 90 1,056 - 1,359 $869,000 - $1,697,000 $823 - $1,249<br />
3-BED 2 1,122 - 3,575 $890,000 - $4,500,000 $793 - $1,259<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 12<br />
WESTSIDE<br />
THE WAVERLY<br />
1705 OCEAN AVE<br />
DESCRIPTION<br />
The Waverly, designed by Marmol Radziner and Associates,<br />
features 65 condominiums in Santa Monica along Ocean Avenue.<br />
The property boasts views of the Santa Monica Mountains, the<br />
Pacific Ocean, and Tongva Park, a six-acre park situated alongside<br />
the property.<br />
AMENITIES<br />
• Concierge services<br />
• Fifth-fl oor skybridge lounge with<br />
kitchen, fi replace & viewing deck<br />
• Fitness center<br />
• Pet spa<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Oct ‘13<br />
First Close of Escrow: TBD<br />
In Contract: 4<br />
Closed: 59<br />
Avg. Monthly Absorption: 2.0 Units<br />
PROJECT INFORMATION<br />
Developer: The Related Company<br />
Submarket: Santa Monica<br />
Number of Homes: 65<br />
HOA: $1,325 - $2,470<br />
FINISHES<br />
• Bleached-oak fl ooring<br />
• Floor-to-ceiling windows<br />
• Polished Sea Pearl quartzite<br />
countertops<br />
• Custom oak cabinetry<br />
• Dornbracht single-lever faucets<br />
• Thermador appliances<br />
• Zuma soaking tubs<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
1-BED 1,025 - 1,153 $1,225,000 - $1,370,000 $1,188 - $1,195<br />
2-BED 1,370 - 2,399 $1,890,000 - $5,175,000 $1,380 - $2,157<br />
3-BED 2,195 - 3,235 $4,750,000 - $7,995,000 $2,164 - $2,471<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 13<br />
WESTSIDE<br />
THE COSMOPOLITAN BW<br />
441 S. BARRINGTON AVE<br />
DESCRIPTION<br />
The Cosmopolitan BW is located steps away from top rated<br />
schools, restaurants, charming Brentwood Village and the iconic<br />
Brentwood Country Mart.<br />
AMENITIES<br />
• Controlled access<br />
• Dedicated concierge<br />
• Pool<br />
• Fitness center<br />
• Secure parking<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Jan ‘16<br />
First Close of Escrow: TBD<br />
In Contract: 4<br />
Closed: 17<br />
Avg. Monthly Absorption: 5.2 Units<br />
PROJECT INFORMATION<br />
Developer: Raymond Saviss<br />
Submarket: Brentwood<br />
Number of Homes: 45<br />
HOA: $525 - $660<br />
FINISHES<br />
• High ceilings<br />
• Hardwood fl oors<br />
• Recessed lighting<br />
• European style kitchens & baths<br />
with stone counters & porcelain<br />
tiles<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
2-BED - 1,311 - 1,611 $885,000 - $1,150,000 $667 - $791<br />
3-BED - 2,059 - 2,502 $1,325,000 - $2,175,000 $644 - $869<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
- - - - - - -<br />
- - - - - - -<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 14<br />
WESTSIDE<br />
460 PALM<br />
460 PALM DR<br />
DESCRIPTION<br />
460 Palm is a luxury condominium community located in Beverly<br />
Hills. It offers two- to four-bedroom residences.<br />
AMENITIES<br />
• Doorman service<br />
• Fitness center<br />
• Lounge areas with coffee station<br />
and refrigerator<br />
• Secured subterranean parking with<br />
up to 3 spaces per residence<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Feb ‘15<br />
First Close of Escrow: TBD<br />
In Contract: 2<br />
Closed: 32<br />
Avg. Monthly Absorption: 2.4 Units<br />
PROJECT INFORMATION<br />
Developer: ETCO Homes<br />
Submarket: Beverly Hills<br />
Number of Homes: 35<br />
HOA: $1,060 - $1,110<br />
FINISHES<br />
• High-end Miele stainless steel<br />
kitchen appliances<br />
• Sub-Zero 48’’ side-by-side<br />
refrigerator<br />
• Luxart undermount stainless steel<br />
double-sink<br />
• Premium Caesarstone quartz<br />
countertops<br />
• Custom imported frameless<br />
European style cabinetry<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
2-BED 8 1,967 - 2,139 $1,850,900 - $932 -<br />
3-BED 23 2,626 - 3,664 $2,695,900 - $935 -<br />
4-BED 4 2,831 - 3,831 NA - NA -<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 15<br />
WESTSIDE<br />
BEVERLY WEST<br />
1200 CLUB VIEW DR<br />
DESCRIPTION<br />
Beverly West is comprised of 35 residences in a 21-story tower located on the<br />
Wilshire Corridor, just west of the <strong>Los</strong> <strong>Angeles</strong> Country Club. Originally owned<br />
by Fifield Corporation, and formerly known as 1200 Club View, the project was<br />
purchased by Dubai-based Emaar Properties in 2007.<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Apr ‘09<br />
First Close of Escrow: N/A<br />
In Contract: 0<br />
Closed: 13<br />
Avg. Monthly Absorption: 0.2 Units<br />
PROJECT INFORMATION<br />
Developer: Emaar Properties<br />
Submarket: Wilshire Corridor<br />
Number of Homes: 35<br />
HOA: $3,100 - $6,500<br />
AMENITIES<br />
• 24-hour concierge<br />
• Conference center<br />
• Fitness center, pool & spa<br />
FINISHES<br />
• ‘Smart House’ technology with<br />
automated climate control, lighting<br />
& sun shades<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
2-BED 1,770 - 4,158 $1,416,000 - $6,305,000 $800 - $1,516<br />
3-BED 3,858 - 4,158 $3,472,000 - $5,720,000 $900 - $1,376<br />
PH 8,000 - 8,000 $18,895,000 - $22,333,000 $2,362 - $2,792<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
3-BED 10 4,020 $4,900,049 - $5,000,050 $4,950,050 $1,219 - $1,244 $1,231<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 16<br />
TRI-CITIES<br />
KENWOOD TERRACE<br />
118 S. KENWOOD ST<br />
DESCRIPTION<br />
The Kenwood Terrace features 35 luxury condominiums in<br />
Glendale Break. It is located 10 miles from Downtown <strong>Los</strong> <strong>Angeles</strong><br />
and 12 miles form Beverly Hills.<br />
AMENITIES<br />
• On-site parking<br />
• Courtyard<br />
• Elevator<br />
• Security system<br />
• Air conditioning<br />
• Function room<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Jul ‘15<br />
First Close of Escrow: TBD<br />
In Contract: 8<br />
Closed: 19<br />
Avg. Monthly Absorption: 2.7 Units<br />
PROJECT INFORMATION<br />
Developer: Rima Babakahnloo<br />
Submarket: Glendale<br />
Number of Homes: 35<br />
HOA: $275-$300<br />
FINISHES<br />
• Quartz countertops<br />
• Contrasting shades of cabinetry<br />
• Dinning bars<br />
• Stainless steel Bosch appliances<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
1-BED 10 819 - 819 $519,000 - $569,000 $634 - $695<br />
2-BED 20 1,203 - 1,140 $629,000 - $899,000 $523 - $624<br />
3-BED 5 1,520 - 1,770 $789,000 - $1,050,000 $519 - $593<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 17<br />
TRI-CITIES<br />
482 ARROYO<br />
482 S. ARROYO PKWY<br />
DESCRIPTION<br />
Located in Pasadena, with quick access to the Metro Gold Line<br />
and within walking distance to some of the best restaurants in<br />
Pasadena, 482 Arroyo features 26 luxury one- and two- bedroom<br />
condominiums and penthouses.<br />
AMENITIES<br />
• Outdoor living space<br />
• Bicycle parking<br />
FINISHES<br />
• High-end cabinetry<br />
• Italian kitchens with premium,<br />
natural quartz countertops<br />
• Premium Hansgrohe fi xtures<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Apr ‘16<br />
First Close of Escrow: TBD<br />
In Contract: 9<br />
Closed: 0<br />
Avg. Monthly Absorption: 4.5 Units<br />
PROJECT INFORMATION<br />
Developer: 496 Arroyo LLC<br />
Submarket: Pasadena<br />
Number of Homes: 26<br />
HOA: $350-$550<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
1-BED 18 764 - 974 $575,000 - $715,000 $734 - $753<br />
2-BED 1 1,126 - 1,126 $699,000 - $760,000 $621 - $675<br />
PH 6 922 - 1,557 $735,000 - $1,250,000 $797 - $803<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 18<br />
RESALE DEVELOPMENTS<br />
SOLD OUT IN 2016<br />
DOWNTOWN<br />
PROJECT NAME ADDRESS DEVELOPER UNITS<br />
THE SEYCHELLE 1755 OCEAN AVE THE RELATED COMPANY 93<br />
SL70 2205 TOM MIX RD TRUMARK HOMES 70<br />
DISTRICT WALK<br />
CORSON ST & N. WILSON<br />
AVE<br />
OLSON COMPANY 33<br />
TOTAL 196<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 19<br />
WESTSIDE<br />
THE SEYCHELLE<br />
1755 OCEAN AVE<br />
DESCRIPTION<br />
The Seychelle, designed by Clodagh Design International, features<br />
93 condominiums in Santa Monica along Ocean Avenue. The<br />
property boasts views of the Santa Monica Mountains and the<br />
Pacific Ocean.<br />
AMENITIES<br />
• Concierge services<br />
• Third-fl oor landscaped terrace<br />
• Rooftop pool & jacuzzi<br />
• Fitness center, yoga studio<br />
• Pet spa<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Jan ‘14<br />
Sold Out Date: May ‘16<br />
In Contract: 0<br />
Closed: 93<br />
Avg. Monthly Absorption: 3.3 Units<br />
PROJECT INFORMATION<br />
Developer: The Related Company<br />
Submarket: Santa Monica<br />
Number of Homes: 93<br />
HOA: $1,325 - $2,470<br />
FINISHES<br />
• Bleached-oak fl ooring<br />
• Floor-to-ceiling windows<br />
• Polished Sea Pearl quartzite<br />
countertops<br />
• Custom oak cabinetry<br />
• Watermark single-lever faucets<br />
• Thermador appliances<br />
• Zuma bath & glass enclosed shower<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
1-BED 849 - 1,054 $915,000 - $1,400,000 $1,078 - $1,328<br />
2-BED 1,491 - 1,737 $2,170,000 - $5,175,000 $1,455 - $2,979<br />
3-BED 1,995 - 3,340 $3,600,000 - $7,995,000 $1,805 - $2,394<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 20<br />
HOLLYWOOD<br />
SL70<br />
2205 TOM MIX RD<br />
DESCRIPTION<br />
The SL70 is built on historic land that was once home to<br />
Hollywood’s first permanent movie studio and features 70 homes<br />
ranging from 1,200 to 1,500 square feet in size.<br />
AMENITIES<br />
• Aluminum-framed windows with<br />
Low-E glass<br />
• Rooftop decks, per plan<br />
FINISHES<br />
• Bertazzoni stainless steel 30” gas<br />
slide-in range<br />
• Broan stainless steel 30” range<br />
hood<br />
• Contemporary European cabinetry<br />
with brushed nickel pulls<br />
• Quartz countertops with 6”<br />
backsplash<br />
• Main living fl oor with 10 foot<br />
ceilings and oversized windows<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: May ‘14<br />
First Close of Escrow: TBD<br />
In Contract: 0<br />
Closed: 70<br />
Avg. Monthly Absorption: 3.5 Units<br />
UNIT MIX & LIST PRICE SUMMARY<br />
PROJECT INFORMATION<br />
Developer: Trumark Homes<br />
Submarket: Silver Lake<br />
Number of Homes: 70<br />
HOA: $200 - $250<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
2-BED 48 1,219 - 1,469 $599,000 - $689,000 $469 - $491<br />
3-BED 22 1,407 - 1,407 $679,000 - $679,000 $483 - $483<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 21<br />
TRI-CITIES<br />
DISTRICT WALK<br />
CORSON ST & N. WILSON AVE<br />
DESCRIPTION<br />
District Walk is a new community of townhomes in the heart of<br />
Pasadena.<br />
FINISHES<br />
• LEED certifi ed by the US Green<br />
Building Council<br />
• Energy Star appliances<br />
• Solid surface black and white<br />
granite countertop with 6”<br />
backsplash throughout<br />
• Spacious master bedroom with<br />
walk-in closet<br />
• Chrome two handle with high arc<br />
faucet<br />
• Designer inspired carpeting<br />
selections<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Dec ‘15<br />
Date Sold Out: Mar ‘16<br />
In Contract: 0<br />
Closed: 33<br />
Avg. Monthly Absorption: 10.9 Units<br />
UNIT MIX & LIST PRICE SUMMARY<br />
PROJECT INFORMATION<br />
Developer: Olson Company<br />
Submarket: Pasadena<br />
Number of Homes: 33<br />
HOA: $359<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
2-BED 3 1,097 - 1,114 $577,000 - $650,874 $525 - $584<br />
2.5-BED 2 1,496 - 1,499 N/A - N/A N/A - N/A<br />
3-BED 18 1,350 - 1,653 $662,201 - $738,000 $446 - $491<br />
3.5-BED 10 1,567 - 1,766 N/A - N/A N/A - N/A<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 22<br />
PAST RESALE<br />
DEVELOPMENTS<br />
DOWNTOWN<br />
PROJECT NAME ADDRESS DEVELOPER UNITS<br />
EVO 1155 S. GRAND AVE WESTPORT CAPITAL PARTNERS 311<br />
MARKET LOFTS 645 W. 9TH ST LEE HOMES / CIM GROUP 261<br />
BARKER BLOCK 510 & 530 S. HEWITT ST THE KOR GROUP 242<br />
LUMA 1100 S. HOPE ST THE SOUTH GROUP 236<br />
1100 WILSHIRE 1100 WILSHIRE BLVD FOREST CITY 228<br />
THE RITZ-CARLTON 900 W. OLYMPIC BLVD AEG 224<br />
ROWAN LOFTS 460 S. SPRING ST MB REALTY ADVISORS 206<br />
VERO 1234 WILSHIRE BLVD SONNY ASTANI 197<br />
MURA 629 TRACTION AVE PULTE HOMES 190<br />
ELLEVEN 1111 S. GRAND AVE THE SOUTH GROUP 176<br />
LITTLE TOKYO LOFTS 420 S. SAN PEDRO ST ING FINANCIAL 160<br />
EASTERN COLUMBIA LOFTS 849 S. BROADWAY THE KOR GROUP 147<br />
SKY LOFTS 801 S. GRAND AVE LEE HOMES / CIM GROUP 132<br />
TOY FACTORY LOFTS 1111 S. GRAND AVE LINEAR CITY 119<br />
BISCUIT COMPANY LOFTS 1850 INDUSTRIAL ST LINEAR CITY 104<br />
ALTA LOFTS 200 N. SAN FERNANDO ST CITIBANK 104<br />
THE CORNELL 746 S. LOS ANGELES ST KENNEDY WILSON / RECP 94<br />
FLOWER STREET LOFTS 1130 S. FLOWER ST LEE HOMES 91<br />
MOLINO STREET LOFTS 500 MOLINO ST THE KOR GROUP 91<br />
655 HOPE 655 S. HOPE ST SECK GROUP, LLC 85<br />
CONCERTO-LOFTS 900 S. FLOWER ST SONNY ASTANI 77<br />
BARKER BLOCK WH1 527 MOLINO ST THE KOR GROUP 68<br />
EL DORADO LOFTS 416 S. SPRING ST MB REALTY ADVISORS 65<br />
BEACON LOFTS 825 E. 4TH ST FOURTH & ALAMEDA, LLC 53<br />
THE ECKHARDT 738 S. LOS ANGELES ST KENNEDY WILSON / RECP 49<br />
PAN AMERICAN LOFTS 253 S. BROADWAY SYMPHONY ASSET POOL VII, LLC 40<br />
940 EAST 2ND STREET 940 E. 2ND ST CANYON-JOHNSON 38<br />
GALLERY LOFTS 120-130 S. HEWITT ST PACIFICA COMPANIES 32<br />
TOTAL 3,820<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 23<br />
DOWNTOWN<br />
EVO<br />
1155 S. GRAND AVE<br />
PROJECT INFORMATION<br />
Developer: Westport Capital Partners<br />
Submarket: South Park<br />
Number of Homes: 311<br />
HOA Fees: $480-$875<br />
Sales Start Date: Jul ’06<br />
Sales End Date: May ’15<br />
Avg. Absorption: 2.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 5 1,078 $758,600 $700 - - 62<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 1 1,090 $650,000 $596 $642,500 $589 109<br />
SOLD<br />
1-BED AVGS 15 1,055 $697,527 $673 $683,700 $658 67<br />
2-BED AVGS 7 1,896 $1,455,571 $756 $1,401,714 $728 58<br />
DOWNTOWN<br />
MARKET LOFTS<br />
645 W. 9TH ST<br />
PROJECT INFORMATION<br />
Developer: Lee Homes / CIM Group<br />
Submarket: South Park<br />
Number of Homes: 261<br />
HOA Fees: $480-$700<br />
Sales Start Date: Oct ’05<br />
Sales End Date: Nov ’09<br />
Avg. Absorption: 5.2 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 2 660 $471,500 $714 - - 44<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,099 $699,000 $636 - - 4<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 1 720 $435,000 $604 $430,000 $597 140<br />
SOLD<br />
1-BED AVGS 7 854 $545,428 $638 $543,571 $638 53<br />
2-BED AVGS 7 1,236 $740,857 $606 $730,714 $597 105<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 24<br />
DOWNTOWN<br />
BARKER BLOCK<br />
510 & 530 S. HEWITT ST<br />
PROJECT INFORMATION<br />
Developer: The Kor Group<br />
Submarket: Arts District<br />
Number of Homes: 242<br />
HOA Fees: $300-$855<br />
Sales Start Date: May ’07<br />
Sales End Date: May ’11<br />
Avg. Absorption: 5.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 1 1,030 $675,000 $655 - - 5<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 11 1,181 $743,864 $630 $736,535 $626 51<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
LUMA<br />
1100 S. HOPE ST<br />
PROJECT INFORMATION<br />
Developer: The South Group<br />
Submarket: South Park<br />
Number of Homes: 236<br />
HOA Fees: $450-$850<br />
Sales Start Date: Jun ’05<br />
Sales End Date: Feb ’08<br />
Avg. Absorption: 7.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 5 798 $605,400 $766 - - 50<br />
ACTIVE<br />
2-BED AVGS 1 1,580 $1,495,000 $946 - - -<br />
3-BED AVGS 1 3,400 $4,899,000 $1,441 - - 103<br />
2-BED AVGS 2 2,265 $2,847,500 $1,215 - - 83<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 15 950 $679,890 $720 $662,867 $701 94<br />
SOLD<br />
2-BED AVGS 8 1,694 $1,477,875 $872 $1,444,125 $851 62<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 25<br />
DOWNTOWN<br />
1100 WILSHIRE<br />
1100 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: Forest City<br />
Submarket: City West<br />
Number of Homes: 228<br />
HOA Fees: $560-$1,100<br />
Sales Start Date: Mar ’05<br />
Sales End Date: Aug ’08<br />
Avg. Absorption: 5.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 1 750 $539,000 $719 - - 8<br />
ACTIVE<br />
2-BED AVGS 3 1,457 $1,016,000 $699 - - 86<br />
3-BED AVGS 1 4,260 $6,500,000 $1,526 - - 164<br />
2-BED AVGS 1 1,140 $740,000 $649 - - 34<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 5 742 $518,200 $701 $506,900 $686 100<br />
SOLD<br />
1-BED AVGS 9 772 $523,222 $681 $518,333 $674 90<br />
2-BED AVGS 1 1,160 $849,500 $732 $805,000 $694 64<br />
DOWNTOWN<br />
THE RITZ-CARLTON<br />
900 W. OLYMPIC BLVD<br />
PROJECT INFORMATION<br />
Developer: AEG<br />
Submarket: South Park<br />
Number of Homes: 224<br />
HOA Fees: $1,800-$4,500<br />
Sales Start Date: May ’07<br />
Sales End Date: Jul ’14<br />
Avg. Absorption: 2.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 4 1,082 $1,236,000 $1,143 - - 45<br />
ACTIVE<br />
2-BED AVGS 8 1,818 $2,077,250 $1,143 - - 54<br />
3-BED AVGS 3 4,350 $8,533,000 $1,822 - - 138<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 2 1,090 $1,222,500 $1,124 $1,165,000 $1,070 79<br />
SOLD<br />
2-BED AVGS 7 1,802 $2,099,143 $1,166 $1,950,000 $1,083 38<br />
3-BED AVGS 3 3,256 $5,083,333 $1,486 $4,200,000 $1,249 178<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 26<br />
DOWNTOWN<br />
ROWAN LOFTS<br />
460 S. SPRING ST<br />
PROJECT INFORMATION<br />
Developer: MB Realty Advisors<br />
Submarket: Historic District<br />
Number of Homes: 206<br />
HOA Fees: $400-$500<br />
Sales Start Date: Aug ’06<br />
Sales End Date: Apr ’12<br />
Avg. Absorption: 3.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 4 498 $384,700 $783 $384,575 $783 14<br />
SOLD<br />
1-BED AVGS 12 794 $560,117 $711 $564,083 $717 50<br />
2-BED AVGS 1 998 $649,000 $650 $649,000 $650 31<br />
DOWNTOWN<br />
VERO<br />
1234 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: Sonny Astani<br />
Submarket: City West<br />
Number of Homes: 197<br />
HOA Fees: $310-$415<br />
Sales Start Date: Nov ’06<br />
Sales End Date: Oct ’08<br />
Avg. Absorption: 8.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 4 1,078 $556,225 $518 - - 17<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 11 815 $474,627 $586 $467,055 $576 60<br />
SOLD<br />
2-BED AVGS 9 1,080 $605,056 $563 $608,878 $566 49<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 27<br />
DOWNTOWN<br />
MURA<br />
629 TRACTION AVE<br />
PROJECT INFORMATION<br />
Developer: Pulte Homes<br />
Submarket: Arts District<br />
Number of Homes: 190<br />
HOA Fees: $365-$480<br />
Sales Start Date: May ’06<br />
Sales End Date: Apr ’08<br />
Avg. Absorption: 8.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 3 1,263 $739,000 $585 - - 14<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 970 $599,000 $618 - - 21<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 4 903 $513,450 $579 $520,750 $587 30<br />
SOLD<br />
2-BED AVGS 6 1,292 $675,482 $524 $690,427 $535 13<br />
- - - - - - - -<br />
DOWNTOWN<br />
ELLEVEN<br />
1111 S. GRAND AVE<br />
PROJECT INFORMATION<br />
Developer: The South Group<br />
Submarket: South Park<br />
Number of Homes: 176<br />
HOA Fees: $585-$900<br />
Sales Start Date: Feb ’05<br />
Sales End Date: Jun ’06<br />
Avg. Absorption: 10.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 4 1,290 $832,000 $637 - - 67<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,090 $599,000 $550 - - 44<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 18 1,216 $746,156 $611 $725,708 $595 62<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 28<br />
DOWNTOWN<br />
LITTLE TOKYO LOFTS<br />
420 S. SAN PEDRO ST<br />
PROJECT INFORMATION<br />
Developer: ING Financial<br />
Submarket: Little Tokyo<br />
Number of Homes: 160<br />
HOA Fees: $250-$740<br />
Sales Start Date: Jan ’06<br />
Sales End Date: Nov ’10<br />
Avg. Absorption: 2.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
LOFT AVGS 6 750 $386,350 $522 - - 93<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 18 822 $379,356 $465 $370,350 $455 77<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
EASTERN COLUMBIA LOFTS<br />
849 S. BROADWAY<br />
PROJECT INFORMATION<br />
Developer: The Kor Group<br />
Submarket: Historic District<br />
Number of Homes: 147<br />
HOA Fees: $450-$930<br />
Sales Start Date: Feb ’05<br />
Sales End Date: Jul ’08<br />
Avg. Absorption: 3.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
LOFT AVGS 1 1,740 $1,195,000 $687 - - 29<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 8 1,179 $787,938 $668 $781,375 $664 56<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 29<br />
DOWNTOWN<br />
SKY LOFTS<br />
801 S. GRAND AVE<br />
PROJECT INFORMATION<br />
Developer: Lee Homes / CIM Group<br />
Submarket: Financial District<br />
Number of Homes: 132<br />
HOA Fees: $515-$850<br />
Sales Start Date: Nov ’05<br />
Sales End Date: May ’08<br />
Avg. Absorption: 4.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 1,880 $1,280,000 $681 - - 26<br />
ACTIVE<br />
3-BED AVGS 1 1,930 $1,249,000 $647 - - 27<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 2 985 $622,000 $632 $612,500 $622 138<br />
SOLD<br />
2-BED AVGS 7 1,371 $909,000 $662 $874,286 $637 76<br />
3-BED AVGS 2 1,845 $1,046,500 $567 $1,045,000 $567 23<br />
DOWNTOWN<br />
TOY FACTORY LOFTS<br />
1855 INDUSTRIAL ST<br />
PROJECT INFORMATION<br />
Developer: Linear City<br />
Submarket: Arts District<br />
Number of Homes: 119<br />
HOA Fees: $235-$415<br />
Sales Start Date: Jan ’04<br />
Sales End Date: Dec ’07<br />
Avg. Absorption: 2.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
LOFT AVGS 1 1,941 $1,250,000 $644 - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 1 976 $659,000 $675 - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 10 1,382 $796,500 $590 $817,300 $604 27<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 30<br />
DOWNTOWN<br />
BISCUIT COMPANY LOFTS<br />
1850 INDUSTRIAL ST<br />
PROJECT INFORMATION<br />
Developer: Linear City<br />
Submarket: Arts District<br />
Number of Homes: 104<br />
HOA Fees: $250-$875<br />
Sales Start Date: May ’06<br />
Sales End Date: Apr ’10<br />
Avg. Absorption: 2.2 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 5 1,184 $815,200 $723 $864,800 $741 38<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
ALTA LOFTS<br />
200 N. SAN FERNANDO RD<br />
PROJECT INFORMATION<br />
Developer: Citibank<br />
Submarket: Lincoln Heights<br />
Number of Homes: 104<br />
HOA Fees: $315-$390<br />
Sales Start Date: Mar ’10<br />
Sales End Date: Dec ’12<br />
Avg. Absorption: 3.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 1 1,100 $439,000 $399 - - 30<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 1 1,250 $459,000 $367 - - 29<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 3 1,130 $418,000 $374 $437,667 $393 25<br />
SOLD<br />
2-BED AVGS 2 1,210 $417,278 $346 $422,500 $351 79<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 31<br />
DOWNTOWN<br />
THE CORNELL<br />
746 S. LOS ANGELES ST<br />
PROJECT INFORMATION<br />
Developer: Kennedy Wilson / RECP<br />
Submarket: Fashion District<br />
Number of Homes: 94<br />
HOA Fees: $475-$710<br />
Sales Start Date: Feb ’11<br />
Sales End Date: Jun ’12<br />
Avg. Absorption: 5.8 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 6 887 $487,000 $547 $508,000 $568 53<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
FLOWER STREET LOFTS<br />
1130 S. FLOWER ST<br />
PROJECT INFORMATION<br />
Developer: Lee Homes<br />
Submarket: South Park<br />
Number of Homes: 91<br />
HOA Fees: $430-$660<br />
Sales Start Date: Nov ’02<br />
Sales End Date: Dec ’06<br />
Avg. Absorption: 1.8 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 3 1,504 $708,333 $470 $673,333 $446 62<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 32<br />
DOWNTOWN<br />
MOLINO STREET LOFTS<br />
500 & 530 MOLINO ST<br />
PROJECT INFORMATION<br />
Developer: The Kor Group<br />
Submarket: Arts District<br />
Number of Homes: 91<br />
HOA Fees: $240-$420<br />
Sales Start Date: Jan ’06<br />
Sales End Date: Sep ’07<br />
Avg. Absorption: 4.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 6 1,832 $902,167 $499 $893,667 $494 81<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
655 HOPE<br />
655 S. HOPE ST<br />
PROJECT INFORMATION<br />
Developer: SECK Group, LLC<br />
Submarket: Financial District<br />
Number of Homes: 85<br />
HOA Fees: $600-$790<br />
Sales Start Date: Feb ’08<br />
Sales End Date: Apr ’13<br />
Avg. Absorption: 1.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 930 $759,000 $816 - - 5<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 820 $504,999 $616 $504,999 $616 49<br />
SOLD<br />
2-BED AVGS 2 1,005 $705,000 $700 $695,000 $691 29<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 33<br />
DOWNTOWN<br />
CONCERTO-LOFTS<br />
900 S. FLOWER ST<br />
PROJECT INFORMATION<br />
Developer: Sonny Astani<br />
Submarket: South Park<br />
Number of Homes: 77<br />
HOA Fees: $350-$490<br />
Sales Start Date: May ’09<br />
Sales End Date: Aug ’09<br />
Avg. Absorption: 25.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 1,430 $799,000 $559 $820,000 $573 32<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
BARKER BLOCK WHS1<br />
527 MOLINO ST<br />
PROJECT INFORMATION<br />
Developer: The KOR Group<br />
Submarket: Arts District<br />
Number of Homes: 68<br />
HOA Fees: $365-$440<br />
Sales Start Date: Feb ’14<br />
Sales End Date: Aug ’14<br />
Avg. Absorption: 11.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 34<br />
DOWNTOWN<br />
EL DORADO LOFTS<br />
416 S. SPRING ST<br />
PROJECT INFORMATION<br />
Developer: MB Realty Advisors<br />
Submarket: Historic District<br />
Number of Homes: 65<br />
HOA Fees: $450-$525<br />
Sales Start Date: Mar ’10<br />
Sales End Date: Jan ’12<br />
Avg. Absorption: 2.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 1 780 $475,000 $609 $500,000 $641 9<br />
SOLD<br />
1-BED AVGS 1 1,190 $699,000 $587 $705,000 $592 37<br />
2-BED AVGS 3 1,168 $769,333 $667 $735,000 $635 35<br />
DOWNTOWN<br />
BEACON LOFTS<br />
825 E. 4TH ST<br />
PROJECT INFORMATION<br />
Developer: Fourth & Alameda, LLC<br />
Submarket: Arts District<br />
Number of Homes: 53<br />
HOA Fees: $290-$367<br />
Sales Start Date: Nov ’12<br />
Sales End Date: Jan ’13<br />
Avg. Absorption: 13.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 35<br />
DOWNTOWN<br />
THE ECKARDT<br />
738 S. LOS ANGELES ST<br />
PROJECT INFORMATION<br />
Developer: Kennedy Wilson / RECP<br />
Submarket: Historic District<br />
Number of Homes: 49<br />
HOA Fees: $475-$710<br />
Sales Start Date: Feb ’11<br />
Sales End Date: Jun ’12<br />
Avg. Absorption: 3.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
LOFT AVGS 2 870 $445,000 $512 - - 63<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 3 857 $454,333 $530 $443,333 $518 41<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
PAN AMERICAN LOFTS<br />
253 S. BROADWAY<br />
PROJECT INFORMATION<br />
Developer: Symphony Asset Pool VII, LLC<br />
Submarket: Historic District<br />
Number of Homes: 40<br />
HOA Fees: $340-$450<br />
Sales Start Date: Jul ’06<br />
Sales End Date: Dec ’11<br />
Avg. Absorption: 0.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 2 885 $472,500 $548 $470,000 $545 144<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 36<br />
DOWNTOWN<br />
940 EAST 2ND STREET<br />
940 E. 2ND ST<br />
PROJECT INFORMATION<br />
Developer: Canyon-Johnson<br />
Submarket: Arts District<br />
Number of Homes: 38<br />
HOA Fees: $330-$340<br />
Sales Start Date: Jun ’11<br />
Sales End Date: Apr ’13<br />
Avg. Absorption: 1.8 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
GALLERY LOFTS<br />
120-130 S. HEWITT ST<br />
PROJECT INFORMATION<br />
Developer: Pacifi ca Companies<br />
Submarket: Arts District<br />
Number of Homes: 32<br />
HOA Fees: $290-$320<br />
Sales Start Date: Apr ’11<br />
Sales End Date: Dec ’12<br />
Avg. Absorption: 1.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 1 1,146 $690,000 $602 $720,000 $628 11<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 37<br />
PAST RESALE<br />
DEVELOPMENTS<br />
WESTSIDE<br />
PROJECT NAME ADDRESS DEVELOPER UNITS<br />
AZZURRA 13700 MARINA POINTE DR COLONY CAPITAL 450<br />
THE CENTURY<br />
2055 AVENUE OF THE<br />
STARS<br />
THE RELATED COMPANY 140<br />
WESTEND 4215 GLENCOE AVE THE KOR GROUP / CITYVIEW REALTY 119<br />
GALLERY LOFTS 4080 GLENCOE AVE ST RESIDENTIAL 100<br />
DEL REY TERRACE 4060 GLENCOE AVE DRT, LP 96<br />
SOHO SQUARE 1700 S. SAWTELLE BLVD WELLESLEY MANOR 94<br />
SKYLAR @ PLAYA VISTA 12698 SANDHILL LN KB HOME 93<br />
CONCERTO LOFTS 13045 PACIFIC PROMENADE WARMINGTON HOMES 89<br />
SERENADE 13031 VILLOSA PL LENNAR HOMES 86<br />
T-LOFTS 11500 TENNESSEE AVE LEE HOMES / CITYVIEW REALTY 84<br />
THE CARLYLE 10776 WILSHIRE BLVD ELAD PROPERTIES 78<br />
INDIGO 4050 GLENCOE AVE JOHN LAING URBAN 77<br />
THE CALIFORNIAN 10800 WILSHIRE BLVD FIFIELD COMPANIES 74<br />
CAMDEN @ PLAYA VISTA 12895 RUNWAY RD BROOKFIELD HOMES 72<br />
LATITUDE 33 3111 VIA DOLCE SUNBROOK PARTNERS 72<br />
ST. JOHN’S WOOD 1730-1750 SAWTELLE BLVD WELLESLEY MANOR 55<br />
PRIMERA TERRA 12920 W. RUNWAY RD KB HOME 52<br />
BEACH COLLECTION 310 E. WASHINGTON BLVD STANDARD PACIFIC HOMES 50<br />
ELEMENT 4141 GLENCOE AVE JOHN LAING URBAN 50<br />
4211 REDWOOD 4211 REDWOOD AVE SPECTRA AMERICA 47<br />
THE DORIAN 6241 CRESCENT PARK WEST STANDARD PACIFIC HOMES 45<br />
INNOVE 13337 BEACH AVE ANASTASI DEVELOPMENT COMPANY 38<br />
DOGTOWN STATION 700 MAIN ST RAD VENTURES 35<br />
432 OAKHURST 432 OAKHURST ETCO HOMES 34<br />
ROXBURY PLACE 1318 ROXBURY DR GREAT AMERICAN CAPITAL 29<br />
VILLA HAMILTON PARK 225 HAMILTON DR IZEK SHOMOF 25<br />
VILLA ALLEGRA 7401 S. SEPULVEDA BLVD SOVEREIGN PROPERTIES 24<br />
EXPO WEST LA 2400 CORINTH AVE PACIFIC WESTERN 22<br />
AVENIDA PROSSER 1817 PROSSER AVE CALIFORNIA LANDMARK 21<br />
LA TERRASSE 447 DOHONY DR BALO DEVELOPMENT GROUP 20<br />
MONTAGE BEVERLY HILLS 225 N. CANON DR THE ATHENS GROUP 20<br />
THE 1420 1420 S. BUNDRY DR REC DEVELOPMENT 20<br />
TOTAL 2,311<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 38<br />
WESTSIDE<br />
AZZURRA<br />
13700 MARINA POINTE DR<br />
PROJECT INFORMATION<br />
Developer: Colony Capital, LLC<br />
Submarket: Marina Del Rey<br />
Number of Homes: 450<br />
HOA Fees: $500-$1,315<br />
Sales Start Date: Jun ’05<br />
Sales End Date: N/A<br />
Avg. Absorption: 3.8 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 7 935 $748,571 $801 - - 189<br />
ACTIVE<br />
2-BED AVGS 2 1,333 $923,500 $693 - - 480<br />
3-BED AVGS 1 - $1,599,000 - - - 5<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 28 949 $630,993 $665 $617,964 $651 99<br />
SOLD<br />
2-BED AVGS 24 1,605 $1,190,792 $746 $1,158,623 $726 189<br />
3-BED AVGS 1 2,331 $1,495,000 $641 $1,485,000 $637 352<br />
WESTSIDE<br />
THE CENTURY<br />
2055 AVENUE OF THE STARS<br />
PROJECT INFORMATION<br />
Developer: The Related Company<br />
Submarket: Century City<br />
Number of Homes: 140<br />
HOA Fees: $1,100-$9,200<br />
Sales Start Date: Jan ’07<br />
Sales End Date: Dec ‘15<br />
Avg. Absorption: 1.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 39<br />
WESTSIDE<br />
WESTEND<br />
4215 GLENCOE AVE<br />
PROJECT INFORMATION<br />
Developer: The Kor Group / CityView Realty<br />
Submarket: Marina Loft District<br />
Number of Homes: 119<br />
HOA Fees: $325-$460<br />
Sales Start Date: Jul ’09<br />
Sales End Date: Jan ’11<br />
Avg. Absorption: 6.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 3 1,433 $937,667 $664 - - 6<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 2 1,075 $687,000 $644 $684,500 $642 15<br />
SOLD<br />
2-BED AVGS 8 1,676 $995,500 $596 $991,250 $593 47<br />
- - - - - - - -<br />
WESTSIDE<br />
GALLERY LOFTS<br />
4080 GLENCOE AVE<br />
PROJECT INFORMATION<br />
Developer: ST Residential<br />
Submarket: Marina Loft District<br />
Number of Homes: 100<br />
HOA Fees: $320-$410<br />
Sales Start Date: Apr ’11<br />
Sales End Date: Dec ’12<br />
Avg. Absorption: 1.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 8 1,375 $912,375 $666 $920,813 $673 65<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 40<br />
WESTSIDE<br />
DEL REY TERRACE<br />
4060 GLENCOE AVE<br />
PROJECT INFORMATION<br />
Developer: DRT, LP<br />
Submarket: Marina Loft District<br />
Number of Homes: 96<br />
HOA Fees: $340-$600<br />
Sales Start Date: May ’05<br />
Sales End Date: Oct ’08<br />
Avg. Absorption: 2.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 3 698 $469,333 $676 $475,000 $684 57<br />
SOLD<br />
2-BED AVGS 1 1,060 $649,000 $612 $649,000 $612 64<br />
- - - - - - - -<br />
WESTSIDE<br />
SOHO SQUARE<br />
1700 S. SAWTELLE BLVD<br />
PROJECT INFORMATION<br />
Developer: Wellesley Manor<br />
Submarket: Sawtelle<br />
Number of Homes: 94<br />
HOA Fees: $260-$340<br />
Sales Start Date: Jun ’09<br />
Sales End Date: Feb ’11<br />
Avg. Absorption: 4.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 41<br />
WESTSIDE<br />
SKYLAR @ PLAYA VISTA<br />
12698 SANDHILL LN<br />
PROJECT INFORMATION<br />
Developer: KB Home<br />
Submarket: Playa Vista<br />
Number of Homes: 93<br />
HOA Fees: N/A<br />
Sales Start Date: Jul ’14<br />
Sales End Date: Dec ’15<br />
Avg. Absorption: 5.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
CONCERTO LOFTS<br />
13045 PACIFIC PROMENADE<br />
PROJECT INFORMATION<br />
Developer: Warmington Homes<br />
Submarket: Playa Vista<br />
Number of Homes: 89<br />
HOA Fees: $560-$815<br />
Sales Start Date: Jan ’08<br />
Sales End Date: Jan ’10<br />
Avg. Absorption: 3.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 1,430 $799,000 $559 $820,000 $573 32<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 42<br />
WESTSIDE<br />
SERENADE<br />
13031 VILLOSA PL<br />
PROJECT INFORMATION<br />
Developer: Lennar Homes<br />
Submarket: Playa Vista<br />
Number of Homes: 86<br />
HOA Fees: $340-$650<br />
Sales Start Date: Sep ’06<br />
Sales End Date: Nov ’07<br />
Avg. Absorption: 6.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,760 $1,050,000 $597 - - 24<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 8 1,771 $876,312 $496 $893,188 $505 43<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
T-LOFTS<br />
11500 TENNESSEE AVE<br />
PROJECT INFORMATION<br />
Developer: Lee Homes / CityView Realty<br />
Submarket: Sawtelle<br />
Number of Homes: 84<br />
HOA Fees: $250-$350<br />
Sales Start Date: Jan ’09<br />
Sales End Date: Dec ’11<br />
Avg. Absorption: 3.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 998 $560,000 $561 - - 9<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 1,004 $549,000 $547 $587,500 $585 10<br />
SOLD<br />
2-BED AVGS 1 1,398 $749,000 $536 $805,000 $576 48<br />
3-BED AVGS 2 1,796 $849,000 $473 $895,500 $499 24<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 43<br />
WESTSIDE<br />
THE CARLYLE<br />
10776 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: Elad Properties<br />
Submarket: Wilshire Corridor<br />
Number of Homes: 78<br />
HOA Fees: $2,300-$4,000<br />
Sales Start Date: Apr ’09<br />
Sales End Date: Dec ’15<br />
Avg. Absorption: 1.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 2 2,769 $3,245,000 $1,172 - - 426<br />
ACTIVE<br />
3-BED AVGS 3 3,444 $4,931,667 $1,430 - - 108<br />
- - - - - - - -<br />
2-BED AVGS 1 2,765 $2,795,000 $1,011 - - 82<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 7 2,803 $2,886,429 $1,030 $2,699,643 $964 137<br />
SOLD<br />
3-BED AVGS 11 3,732 $4,753,636 $1,257 $4,290,455 $1,137 153<br />
- - - - - - - -<br />
WESTSIDE<br />
INDIGO<br />
4050 GLENCOE AVE<br />
PROJECT INFORMATION<br />
Developer: John Laing Urban<br />
Submarket: Marina Loft District<br />
Number of Homes: 77<br />
HOA Fees: $350-$450<br />
Sales Start Date: Feb ’07<br />
Sales End Date: Sep ’08<br />
Avg. Absorption: 4.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 5 950 $613,400 $649 $615,900 $652 58<br />
SOLD<br />
2-BED AVGS 3 1,387 $728,333 $525 $741,667 $535 22<br />
3-BED AVGS 1 2,330 $1,275,000 $547 $1,225,000 $526 54<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 44<br />
WESTSIDE<br />
THE CALIFORNIAN<br />
10800 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: Fifi eld Companies<br />
Submarket: Wilshire Corridor<br />
Number of Homes: 74<br />
HOA Fees: $2,500-$3,400<br />
Sales Start Date: Jul ’06<br />
Sales End Date: Aug ’09<br />
Avg. Absorption: 2.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 2,640 $2,950,000 $1,117 - - 26<br />
ACTIVE<br />
3-BED AVGS 2 3,285 $4,547,500 $1,385 - - 167<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 2,640 $2,550,000 $966 $2,450,000 $928 95<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
CAMDEN @ PLAYA VISTA<br />
12895 RUNWAY RD<br />
PROJECT INFORMATION<br />
Developer: Brookfi eld Homes<br />
Submarket: Playa Vista<br />
Number of Homes: 72<br />
HOA Fees: N/A<br />
Sales Start Date: Aug ’14<br />
Sales End Date: Nov ’15<br />
Avg. Absorption: 4.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
3-BED AVGS 1 1,601 $1,600,000 $999 $1,524,000 $952 13<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 45<br />
WESTSIDE<br />
LATITUDE 33<br />
3111 VIA DOLCE<br />
PROJECT INFORMATION<br />
Developer: Sunbrook Partners<br />
Submarket: Marina Del Rey<br />
Number of Homes: 72<br />
HOA Fees: $700-$1,100<br />
Sales Start Date: Jun ’10<br />
Sales End Date: Apr ’13<br />
Avg. Absorption: 2.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 2 1,705 $1,374,500 $817 $1,325,000 $772 26<br />
SOLD<br />
3-BED AVGS 1 2,280 $2,995,000 $1,314 $2,700,000 $1,184 112<br />
- - - - - - - -<br />
WESTSIDE<br />
ST. JOHN’S WOOD<br />
1730-1750 S. SAWTELLE BLVD<br />
PROJECT INFORMATION<br />
Developer: Wellesley Manor<br />
Submarket: Sawtelle<br />
Number of Homes: 55<br />
HOA Fees: $290<br />
Sales Start Date: Jul ’10<br />
Sales End Date: Nov ’11<br />
Avg. Absorption: 3.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 46<br />
WESTSIDE<br />
PRIMERA TERRA<br />
12920 W. RUNWAY RD<br />
PROJECT INFORMATION<br />
Developer: KB Home<br />
Submarket: Playa Vista<br />
Number of Homes: 52<br />
HOA Fees: $330<br />
Sales Start Date: May ’11<br />
Sales End Date: Aug ’12<br />
Avg. Absorption: 3.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
BEACH COLLECTION<br />
310 E. WASHINGTON BLVD<br />
PROJECT INFORMATION<br />
Developer: Standard Pacifi c Home<br />
Submarket: Westside<br />
Number of Homes: 50<br />
HOA Fees: $475<br />
Sales Start Date: Sep ’11<br />
Sales End Date: Jun ’13<br />
Avg. Absorption: 2.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,950 $1,450,000 $744 $1,551,000 $795 17<br />
SOLD<br />
3-BED AVGS 1 1,960 $1,449,000 $739 $1,365,000 $696 51<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 47<br />
WESTSIDE<br />
ELEMENT<br />
4141 GLENCOE AVE<br />
PROJECT INFORMATION<br />
Developer: John Laing Urban<br />
Submarket: Marina Loft District<br />
Number of Homes: 50<br />
HOA Fees: $410-$550<br />
Sales Start Date: May ’06<br />
Sales End Date: Dec ’09<br />
Avg. Absorption: 1.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 3 1,377 $891,667 $645 $900,000 $653 48<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
4211 REDWOOD<br />
4211 REDWOOD AVE<br />
PROJECT INFORMATION<br />
Developer: Spectra America<br />
Submarket: Marina Loft District<br />
Number of Homes: 47<br />
HOA Fees: $280-$365<br />
Sales Start Date: Dec ’10<br />
Sales End Date: Dec ’11<br />
Avg. Absorption: 3.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 2 1,535 $899,500 $595 $912,500 $599 82<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 48<br />
WESTSIDE<br />
THE DORIAN<br />
6241 CRESCENT PARK WEST<br />
PROJECT INFORMATION<br />
Developer: Standard Pacifi c Homes<br />
Submarket: Playa Vista<br />
Number of Homes: 45<br />
HOA Fees: $715-$795<br />
Sales Start Date: Apr ’08<br />
Sales End Date: Nov ’10<br />
Avg. Absorption: 1.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 3 1,743 $1,100,000 $633 $1,128,333 $649 51<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
INNOVE<br />
13337 BEACH AVE<br />
PROJECT INFORMATION<br />
Developer: Anastasi Development Co<br />
Submarket: Marina Loft District<br />
Number of Homes: 38<br />
HOA Fees: $250-$350<br />
Sales Start Date: Oct ’13<br />
Sales End Date: Jul ’14<br />
Avg. Absorption: 4.2 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 1,340 $875,000 $653 - - 5<br />
ACTIVE<br />
3-BED AVGS 1 2,287 $1,349,000 $590 - - 45<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,095 $750,000 $685 $720,000 $658 113<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 49<br />
WESTSIDE<br />
DOGTOWN STATION<br />
700 MAIN ST<br />
PROJECT INFORMATION<br />
Developer: RAD Ventures<br />
Submarket: Venice<br />
Number of Homes: 35<br />
HOA Fees: $250-$350<br />
Sales Start Date: Apr ’08<br />
Sales End Date: Jan ’15<br />
Avg. Absorption: 0.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 814 $985,000 $1,210 - - 12<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,948 $1,595,000 $819 $1,500,000 $770 127<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
432 OAKHURST<br />
432 OAKHURST<br />
PROJECT INFORMATION<br />
Developer: ETCO Homes<br />
Submarket: Beverly Hills<br />
Number of Homes: 34<br />
HOA Fees: $865-$890<br />
Sales Start Date: Oct ’13<br />
Sales End Date: Jan ’15<br />
Avg. Absorption: 2.2 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
3-BED AVGS 2 2,647 $2,799,000 $1,061 $2,650,000 $1,006 52<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 50<br />
WESTSIDE<br />
ROXBURY PLACE<br />
1318 ROXBURY DR<br />
PROJECT INFORMATION<br />
Developer: Great American Capital<br />
Submarket: Pico-Robertson<br />
Number of Homes: 29<br />
HOA Fees: $690-$790<br />
Sales Start Date: Jan ’10<br />
Sales End Date: Sep ’11<br />
Avg. Absorption: 1.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 2,042 $1,449,500 $710 - - 9<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,565 $1,295,000 $827 $1,078,888 $689 58<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
VILLA HAMILTON<br />
225 HAMILTON DR<br />
PROJECT INFORMATION<br />
Developer: Izek Shomof<br />
Submarket: Beverly Hills<br />
Number of Homes: 25<br />
HOA Fees: $570-$770<br />
Sales Start Date: Jun ’11<br />
Sales End Date: May ’13<br />
Avg. Absorption: 2.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
3-BED AVGS 2 2,223 $1,500,000 $676 $1,350,000 $610 48<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 51<br />
WESTSIDE<br />
VILLA ALLEGRA<br />
7401 S. SEPULVEDA BLVD<br />
PROJECT INFORMATION<br />
Developer: Sovereign Properties<br />
Submarket: Westchester<br />
Number of Homes: 24<br />
HOA Fees: $339-$400<br />
Sales Start Date: Feb ’11<br />
Sales End Date: Jun ’12<br />
Avg. Absorption: 1.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
EXPO WEST LA<br />
2400 CORINTH AVE<br />
PROJECT INFORMATION<br />
Developer: Pacifi c Western<br />
Submarket: Sawtelle<br />
Number of Homes: 22<br />
HOA Fees: $325<br />
Sales Start Date: Jul ’11<br />
Sales End Date: Nov ’11<br />
Avg. Absorption: 5.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 52<br />
WESTSIDE<br />
AVENIDA PROSSER<br />
1817 PROSSER AVE<br />
PROJECT INFORMATION<br />
Developer: California Landmark<br />
Submarket: West LA<br />
Number of Homes: 21<br />
HOA Fees: $570-$766<br />
Sales Start Date: Sep ’11<br />
Sales End Date: May ’12<br />
Avg. Absorption: 2.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
LA TERRASSE<br />
447 DOHENY DR<br />
PROJECT INFORMATION<br />
Developer: Baio Development Group<br />
Submarket: Beverly Hills<br />
Number of Homes: 20<br />
HOA Fees: $1,280-$2,300<br />
Sales Start Date: Dec ’10<br />
Sales End Date: May ’13<br />
Avg. Absorption: 0.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
3-BED AVGS 1 4,083 $3,795,000 $929 - - 5<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 2,060 $2,060,000 $1,000 - - 29<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,997 $1,699,000 $851 $1,600,000 $801 22<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 53<br />
WESTSIDE<br />
MONTAGE BEVERLY HILLS<br />
225 N. CANON DR<br />
PROJECT INFORMATION<br />
Developer: The Athens Group<br />
Submarket: Beverly Hills<br />
Number of Homes: 20<br />
HOA Fees: $4,000-$5,360<br />
Sales Start Date: Nov ’07<br />
Sales End Date: Jun ’13<br />
Avg. Absorption: 0.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
LOFT AVGS 2 4,745 $17,747,500 $3,642 - - 25<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 1 2,820 $7,995,000 $2,835 $7,572,500 $2,685 28<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
WESTSIDE<br />
THE 1420<br />
1420 S. BUNDRY DR<br />
PROJECT INFORMATION<br />
Developer: REC Development<br />
Submarket: Sawtelle<br />
Number of Homes: 20<br />
HOA Fees: $425-$460<br />
Sales Start Date: Nov ’10<br />
Sales End Date: Sep ’12<br />
Avg. Absorption: 1.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 54<br />
PAST RESALE<br />
DEVELOPMENTS<br />
HOLLYWOOD<br />
PROJECT NAME ADDRESS DEVELOPER UNITS<br />
SIERRA TOWERS 9255 DOHENY RD HERBERT SILVERSON 144<br />
THE W HOLLYWOOD 6250 HOLLYWOOD BLVD GATEHOUSE CAPITAL / STARWOOD 143<br />
BROADWAY HOLLYWOOD 1645 N. VINE ST THE KOR GROUP 96<br />
THE LOFTS @ HOLLYWOOD 6253 HOLLYWOOD BLVD BY PALISADES 60<br />
THE HOLLYWOOD 6735 YUCCA ST PACIFICA ENTERPRISES, INC 54<br />
SUNSET SILVERLAKE 4111 SUNSET BLVD THE KOR GROUP 43<br />
METROPOL 6001 CARLTON WY TANNER & WHITE 41<br />
855 CROFT 855 N. CROFT AVE LARIAN DEVELOPMENT 33<br />
HARPER WEST HOLLYWOOD 1250 N. HARPER AVE GTO DEVELOPMENT, INC. 32<br />
LEGEDNARY PLACE 1411 N. DETROIT ST LEGENDARY DEVELOPMENTS 23<br />
ELEVEN-EIGHT KINGS ROAD 118 N. KINGS RD ISAAC COHANZAD 21<br />
7 FOUNTAINS 1414 N. HARPER AVE BOYD WILLAT 20<br />
ROW 3 1400 N. FULLER AVE INTRACORP 19<br />
ARTIS 2509 VIA ARTIS VAN DEALE HOMES 15<br />
HOLLYWOOD COLONY 1201 N. LAS PALMAS AVE LAS PALMAS PROPERTY INVESTORS 14<br />
TOTAL 758<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 55<br />
HOLLYWOOD<br />
SIERRA TOWERS<br />
9255 DOHENY RD<br />
PROJECT INFORMATION<br />
Developer: Herbert Silverson<br />
Submarket: West Hollywood<br />
Number of Homes: 144<br />
HOA Fees: $540-$3,670<br />
Sales Start Date: N/A<br />
Sales End Date: N/A<br />
Avg. Absorption: N/A<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 1 1,237 $2,495,000 $2,017 - - 33<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,672 $4,200,000 $2,512 - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 2 1,548 $3,497,500 $2,248 $3,125,000 $2,012 35<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
HOLLYWOOD<br />
THE W HOLLYWOOD<br />
6250 HOLLYWOOD BLVD<br />
PROJECT INFORMATION<br />
Developer: Gatehouse Capital / Starwood<br />
Submarket: Hollywood Proper<br />
Number of Homes: 143<br />
HOA Fees: $1,300-$3,000<br />
Sales Start Date: Oct ’08<br />
Sales End Date: Jun ’10<br />
Avg. Absorption: 1.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 7 1,347 $934,286 $691 - - 66<br />
ACTIVE<br />
2-BED AVGS 2 1,965 $1,445,000 $736 - - 174<br />
- - - - - - - -<br />
3-BED AVGS 1 2,600 $2,900,000 $1,115 - - 159<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 3 1,270 $978,000 $770 $947,167 $746 137<br />
SOLD<br />
2-BED AVGS 6 1,933 $1,742,333 $847 $1,623,333 $794 106<br />
3-BED AVGS 3 2,750 $2,816,667 $1,028 $2,771,667 $1,013 22<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 56<br />
HOLLYWOOD<br />
BROADWAY HOLLYWOOD<br />
1645 N. VINE ST<br />
PROJECT INFORMATION<br />
Developer: The Kor Group<br />
Submarket: Hollywood Proper<br />
Number of Homes: 96<br />
HOA Fees: $850-$1,650<br />
Sales Start Date: Jan ’06<br />
Sales End Date: Dec ’07<br />
Avg. Absorption: 4.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 2 1,590 $982,000 $620 - - 127<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 6 1,457 $1,019,500 $679 $974,000 $657 47<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
HOLLYWOOD<br />
THE LOFTS @ HOLLYWOOD<br />
6253 HOLLYWOOD BLVD<br />
PROJECT INFORMATION<br />
Developer: by Palisades<br />
Submarket: Hollywood Proper<br />
Number of Homes: 60<br />
HOA Fees: $940-$1,185<br />
Sales Start Date: Oct ‘06<br />
Sales End Date: Sep ‘10<br />
Avg. Absorption: 3.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 700 $539,000 $770 - - 27<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 8 1,315 $738,375 $584 $717,250 $565 75<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 57<br />
HOLLYWOOD<br />
THE HOLLYWOOD<br />
6735 YUCCA ST<br />
PROJECT INFORMATION<br />
Developer: Pacifi ca Enterprises, Inc<br />
Submarket: Hollywood Proper<br />
Number of Homes: 54<br />
HOA Fees: $405-$520<br />
Sales Start Date: Aug ’07<br />
Sales End Date: Aug ’14<br />
Avg. Absorption: 0.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 1,390 $735,000 $529 - - 7<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 6 1,279 $684,333 $540 $675,000 $533 74<br />
SOLD<br />
3-BED AVGS 1 1,920 $1,250,000 $651 $1,220,000 $635 92<br />
- - - - - - - -<br />
HOLLYWOOD<br />
SUNSET SILVER LAKE<br />
4111 SUNSET BLVD<br />
PROJECT INFORMATION<br />
Developer: The Kor Group<br />
Submarket: Silverlake<br />
Number of Homes: 43<br />
HOA Fees: $265-$340<br />
Sales Start Date: Feb ’05<br />
Sales End Date: Jun ’08<br />
Avg. Absorption: 1.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 1 818 $750,000 $917 - - 4<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 3 1,600 $687,333 $430 $697,667 $437 12<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 58<br />
HOLLYWOOD<br />
METROPOL<br />
6001 CARLTON WY<br />
PROJECT INFORMATION<br />
Developer: Tanner & White<br />
Submarket: Hollywood Proper<br />
Number of Homes: 41<br />
HOA Fees: $360-$380<br />
Sales Start Date: Aug ‘09<br />
Sales End Date: Apr ‘11<br />
Avg. Absorption: 2.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 870 $550,000 $632 $525,000 $603 130<br />
SOLD<br />
2-BED AVGS 2 1,160 $628,327 $541 $620,000 $534 69<br />
- - - - - - - -<br />
HOLLYWOOD<br />
855 CROFT<br />
855 N. CROFT AVE<br />
PROJECT INFORMATION<br />
Developer: Larian Development<br />
Submarket: Beverly Grove<br />
Number of Homes: 33<br />
HOA Fees: $365-$430<br />
Sales Start Date: Mar ’10<br />
Sales End Date: Jun ’12<br />
Avg. Absorption: 1.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,470 $995,000 $677 $962,000 $654 95<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 59<br />
HOLLYWOOD<br />
HARPER W. HOLLYWOOD<br />
1250 N. HARPER AVE<br />
PROJECT INFORMATION<br />
Developer: GTO Development, LLC<br />
Submarket: West Hollywood<br />
Number of Homes: 32<br />
HOA Fees: $360-$390<br />
Sales Start Date: Jun ‘10<br />
Sales End Date: Apr ‘11<br />
Avg. Absorption: 3.2 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
HOLLYWOOD<br />
LEGENDARY PLACE<br />
1411 N. DETROIT ST<br />
PROJECT INFORMATION<br />
Developer: Legendary Developments<br />
Submarket: Hollywood Proper<br />
Number of Homes: 23<br />
HOA Fees: $290-$325<br />
Sales Start Date: Jul ’10<br />
Sales End Date: Mar ’12<br />
Avg. Absorption: 1.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 1,470 $730,000 $497 - - 27<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,540 $719,000 $467 $707,500 $459 26<br />
SOLD<br />
3-BED AVGS 1 1,710 $787,500 $461 $757,000 $443 47<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 60<br />
HOLLYWOOD<br />
ELEVEN-EIGHT KINGS RD<br />
118 N. KINGS RD<br />
PROJECT INFORMATION<br />
Developer: Isaac Cohanzad<br />
Submarket: Beverly Grove<br />
Number of Homes: 21<br />
HOA Fees: $250<br />
Sales Start Date: Aug ’13<br />
Sales End Date: Mar ’14<br />
Avg. Absorption: 2.8 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
3-BED AVGS 1 1,418 $1,125,000 $793 $1,125,000 $793 40<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
HOLLYWOOD<br />
7 FOUNTAINS<br />
1414 N. HARPER<br />
PROJECT INFORMATION<br />
Developer: Boyd Willat<br />
Submarket: West Hollywood<br />
Number of Homes: 20<br />
HOA Fees: $540<br />
Sales Start Date: May ’13<br />
Sales End Date: Dec ‘14<br />
Avg. Absorption: 0.8 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,393 $1,065,000 $765 $1,025,000 $736 55<br />
SOLD<br />
3-BED AVGS 2 1,786 $1,212,500 $681 $1,162,500 $653 64<br />
4-BED AVGS 1 2,290 $1,350,000 $590 $1,330,000 $581 45<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 61<br />
HOLLYWOOD<br />
ROW3<br />
1400 N. FULLER AVE<br />
PROJECT INFORMATION<br />
Developer: Intracorp<br />
Submarket: West Hollywood<br />
Number of Homes: 19<br />
HOA Fees: $90<br />
Sales Start Date: Oct ’13<br />
Sales End Date: May ’14<br />
Avg. Absorption: 2.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
HOLLYWOOD<br />
ARTIS<br />
2509 VIA ARTIS<br />
PROJECT INFORMATION<br />
Developer: Van Deale Homes<br />
Submarket: Echo Park<br />
Number of Homes: 15<br />
HOA Fees: $200-$250<br />
Sales Start Date: Apr ‘13<br />
Sales End Date: Nov ‘13<br />
Avg. Absorption: 2.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 62<br />
HOLLYWOOD<br />
HOLLYWOOD COLONY<br />
1201 N. LAS PALMAS AVE<br />
PROJECT INFORMATION<br />
Developer: Las Palmas Property Investors<br />
Submarket: Hollywood Proper<br />
Number of Homes: 14<br />
HOA Fees: N/A<br />
Sales Start Date: Mar ’13<br />
Sales End Date: May ’13<br />
Avg. Absorption: 1.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 63<br />
PAST RESALE<br />
DEVELOPMENTS<br />
KOREATOWN<br />
PROJECT NAME ADDRESS DEVELOPER UNITS<br />
THE MERCURY 3810 WILSHIRE BLVD KENNEDY WILSON 238<br />
SOLAIR WILSHIRE 3785 WILSHIRE BLVD ST RESIDENTIAL 186<br />
THE SUMMIT ON SIXTH 3223 W. 6TH ST BIG ROCK PARTNERS 96<br />
BARCELONA TOWERS 625 S. BERENDO ST BERENDO TOWERS, LLC 77<br />
MUSEO LOFTS 600 S. RIDGELEY DR CANFIELD DEVELOPMENT 52<br />
KENMORE TOWER 540 S. KENMORE AVE WILSHIRE VILLAS KENMORE, LP 42<br />
SERRANO PALACE 702 S. SERRANO AVE NBGI HOMES 33<br />
TOTAL 724<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 64<br />
KOREATOWN<br />
THE MERCURY<br />
3810 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: Kennedy Wilson<br />
Submarket: Koreatown<br />
Number of Homes: 238<br />
HOA Fees: $560-$815<br />
Sales Start Date: Feb ‘06<br />
Sales End Date: Feb ‘10<br />
Avg. Absorption: 4.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 2 730 $439,000 $601 - - 29<br />
ACTIVE<br />
2-BED AVGS 3 1,113 $657,667 $590 - - 72<br />
- - - - - - - -<br />
1-BED AVGS 1 830 $389,000 $469 - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 10 778 $430,300 $554 $418,100 $539 85<br />
SOLD<br />
2-BED AVGS 7 1,023 $576,429 $565 $566,357 $555 106<br />
- - - - - - - -<br />
KOREATOWN<br />
SOLAIR WILSHIRE<br />
3785 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: ST Residential<br />
Submarket: Koreatown<br />
Number of Homes: 186<br />
HOA Fees: $730-$925<br />
Sales Start Date: Mar ’08<br />
Sales End Date: Oct ’13<br />
Avg. Absorption: 2.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 9 1,494 $1,077,644 $715 - - 57<br />
ACTIVE<br />
3-BED AVGS 1 1,700 $1,405,000 $826 - - 159<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 7 1,531 $1,055,286 $684 $1,002,857 $651 40<br />
SOLD<br />
3-BED AVGS 2 1,715 $1,139,500 $664 $1,107,500 $646 24<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 65<br />
KOREATOWN<br />
THE SUMMIT ON SIXTH<br />
3223 W. 6TH ST<br />
PROJECT INFORMATION<br />
Developer: Big Rock Partners<br />
Submarket: Koreatown<br />
Number of Homes: 96<br />
HOA Fees: $720-$870<br />
Sales Start Date: Mar ’08<br />
Sales End Date: Feb ’10<br />
Avg. Absorption: 4.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 2 1,510 $667,000 $447 - - 35<br />
ACTIVE<br />
2-BED AVGS 1 1,430 $595,000 $416 - - 64<br />
- - - - - - - -<br />
1-BED AVGS 1 1,690 $739,000 $437 - - 8<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 4 1,225 $553,125 $452 $541,000 $443 57<br />
SOLD<br />
2-BED AVGS 5 1,664 $730,800 $439 $710,000 $426 89<br />
- - - - - - - -<br />
KOREATOWN<br />
BARCELONA TOWERS<br />
625 S. BERENDO ST<br />
PROJECT INFORMATION<br />
Developer: Berendo Tower, LLC<br />
Submarket: Koreatown<br />
Number of Homes: 77<br />
HOA Fees: $300-$450<br />
Sales Start Date: Jul ‘05<br />
Sales End Date: Oct ‘07<br />
Avg. Absorption: 2.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,200 $549,000 $458 $535,000 $446 6<br />
SOLD<br />
3-BED AVGS 2 1,400 $582,500 $416 $582,500 $416 49<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 66<br />
KOREATOWN<br />
MUSEO LOFTS<br />
600 S. RIDGELEY DR<br />
PROJECT INFORMATION<br />
Developer: Canfi eld Development<br />
Submarket: Mid-Wilshire<br />
Number of Homes: 52<br />
HOA Fees: $300-$360<br />
Sales Start Date: May ’10<br />
Sales End Date: Feb ’11<br />
Avg. Absorption: 5.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
KOREATOWN<br />
KENMORE TOWER<br />
540 S. KENMORE AVE<br />
PROJECT INFORMATION<br />
Developer: Wilshire Villas Kenmore, LP<br />
Submarket: Koreatown<br />
Number of Homes: 42<br />
HOA Fees: $310-$360<br />
Sales Start Date: Aug ‘10<br />
Sales End Date: Dec ‘11<br />
Avg. Absorption: 2.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 7 1,347 $652,843 $486 $632,857 $471 67<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 67<br />
KOREATOWN<br />
SERRANO PLACE<br />
702 S. SERRANO AVE<br />
PROJECT INFORMATION<br />
Developer: NBGI Homes<br />
Submarket: Koreatown<br />
Number of Homes: 33<br />
HOA Fees: $485<br />
Sales Start Date: Jun ’07<br />
Sales End Date: Mar ’12<br />
Avg. Absorption: 0.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
3-BED AVGS 2 1,605 $994,000 $612 - - 77<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
3-BED AVGS 2 1,540 $694,950 $451 $688,638 $447 97<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 68<br />
PAST RESALE<br />
DEVELOPMENTS<br />
TRI-CITIES<br />
PROJECT NAME ADDRESS DEVELOPER UNITS<br />
BURBANK VILLAGE WALK 150 SAN FERNANDO BLVD THE OLSON COMPANY 140<br />
THE BURBANK COLLECTION 57 E. PALM AVE CHAMPION DEVELOPMENT GROUP 118<br />
LAKE AT WALNUT 931 E. WALNUT ST STANDARD PACIFIC HOMES 111<br />
PRADO ON LAKE AVENUE 840 E. GREEN ST K. HOVNANIAN HOMES 103<br />
THE EXCELSIOR 260-580 CARUSO AVE CARUSO AFFILIATED 100<br />
GRANITE PARK PLACE 920 GRANITE DR VORNADO REALTY TRUST 71<br />
DELACEY AT GREEN 111 S. DELACEY AVE INTRACORP 58<br />
THE DALTON 238 S. ARROYO ST CHAMPTION DEVELOPMENT GROUP 55<br />
NELA UNION 3901 EAGLE ROCK BLVD WARMINGTON RESIDENTIAL 52<br />
RAYMOND RENAISSANCE 125 N. RAYMOND AVE CANYON-JOHNSON 47<br />
THE BURTON 133 S. LOS ROBLES AVE POVAC INVESTMENTS 34<br />
THE LIVINGSTONE 139 S. LOS ROBLES AVE POVAC INVESTMENTS 32<br />
TERRA BELLA 155 CORDOVA ST LEGENDARY DEVELOPMENTS, LLC 28<br />
JACKSON GLEN 230 S. JACKSON ST ENCORE HOUSING 26<br />
GROVE @ AMBASSADOR 380 W. GREEN ST CITY VENTURES 21<br />
TOTAL 996<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 69<br />
TRI-CITIES<br />
BURBANK VILLAGE WALK<br />
150 SAN FERNANDO BLVD<br />
PROJECT INFORMATION<br />
Developer: The Olson Company<br />
Submarket: Burbank<br />
Number of Homes: 140<br />
HOA Fees: $310-$405<br />
Sales Start Date: Jul ‘05<br />
Sales End Date: May ‘07<br />
Avg. Absorption: 6.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 2 1,520 $639,000 $425 - - 8<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 2 1,450 $480,000 $331 - - 46<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 1,450 $498,500 $344 $505,000 $348 17<br />
SOLD<br />
2-BED AVGS 5 1,500 $563,950 $380 $557,020 $376 27<br />
3-BED AVGS 2 1,820 $625,000 $343 $585,000 $321 121<br />
TRI-CITIES<br />
THE BURBANK COLLECTION<br />
57 E. PALM AVE<br />
PROJECT INFORMATION<br />
Developer: Champion Development Group<br />
Submarket: Burbank<br />
Number of Homes: 118<br />
HOA Fees: $285-$400<br />
Sales Start Date: Aug ’07<br />
Sales End Date: Oct ’11<br />
Avg. Absorption: 2.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
STUDIO AVGS 1 870 $450,000 $517 - - 72<br />
ACTIVE<br />
2-BED AVGS 1 1,320 $549,000 $416 - - 4<br />
- - - - - - - -<br />
3-BED AVGS 1 2,000 $724,900 $362 - - 8<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 2 806 $369,250 $460 $362,500 $452 79<br />
SOLD<br />
2-BED AVGS 2 1,225 $537,000 $442 $532,000 $438 38<br />
3-BED AVGS 1 1,970 $708,000 $359 $700,000 $355 75<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 70<br />
TRI-CITIES<br />
LAKE AT WALNUT<br />
931 E. WALNUT ST<br />
PROJECT INFORMATION<br />
Developer: Standard Pacifi c Homes<br />
Submarket: Pasadena<br />
Number of Homes: 111<br />
HOA Fees: $235-$320<br />
Sales Start Date: Jun ‘08<br />
Sales End Date: Jun ‘11<br />
Avg. Absorption: 3.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 1,126 $499,000 $443 - - 11<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 5 1,105 $506,000 $458 $498,230 $451 64<br />
SOLD<br />
2-BED AVGS 4 1,499 $722,500 $483 $713,250 $477 67<br />
- - - - - - - -<br />
TRI-CITIES<br />
PRADO ON LAKE AVENUE<br />
840 E. GREEN ST<br />
PROJECT INFORMATION<br />
Developer: K. Hovnanian Homes<br />
Submarket: Pasadena<br />
Number of Homes: 103<br />
HOA Fees: $300-$800<br />
Sales Start Date: Oct ’05<br />
Sales End Date: Nov ’08<br />
Avg. Absorption: 2.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 2 854 $497,450 $588 - - 5<br />
ACTIVE<br />
2-BED AVGS 2 1,639 $799,500 $489 - - 9<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 5 1,015 $512,555 $501 $517,600 $507 51<br />
SOLD<br />
2-BED AVGS 5 1,806 $907,000 $509 $884,500 $494 53<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 71<br />
TRI-CITIES<br />
THE EXCELSIOR<br />
260-580 CARUSO AVE<br />
PROJECT INFORMATION<br />
Developer: Caruso Affi liated<br />
Submarket: Glendale<br />
Number of Homes: 100<br />
HOA Fees: $880-$1,300<br />
Sales Start Date: Apr ‘08<br />
Sales End Date: Sep ‘11<br />
Avg. Absorption: 2.4 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 2 1,471 $1,224,500 $824 - - 142<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 4 1,435 $881,500 $615 $853,500 $596 90<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
TRI-CITIES<br />
GRANITE PARK PLACE<br />
920 GRANITE DR<br />
PROJECT INFORMATION<br />
Developer: Vornado Realty Trust<br />
Submarket: Pasadena<br />
Number of Homes: 71<br />
HOA Fees: $990-$1,095<br />
Sales Start Date: Aug ’09<br />
Sales End Date: Feb ’10<br />
Avg. Absorption: 0.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 1,860 $1,198,000 $644 - - -<br />
ACTIVE<br />
3-BED AVGS 2 2,711 $1,964,000 $723 - - 116<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 3 2,202 $1,466,000 $666 $1,376,000 $624 195<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 72<br />
TRI-CITIES<br />
DELACEY AT GREEN<br />
111 S. DELACEY AVE<br />
PROJECT INFORMATION<br />
Developer: Intracorp<br />
Submarket: Pasadena<br />
Number of Homes: 58<br />
HOA Fees: $440-$615<br />
Sales Start Date: Jul ’05<br />
Sales End Date: Aug ’07<br />
Avg. Absorption: 2.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
TRI-CITIES<br />
THE DALTON<br />
238 S. ARROYO ST<br />
PROJECT INFORMATION<br />
Developer: Champion Development Group<br />
Submarket: Pasadena<br />
Number of Homes: 55<br />
HOA Fees: $315-$460<br />
Sales Start Date: Jan ‘08<br />
Sales End Date: Nov ‘09<br />
Avg. Absorption: 2.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 1 712 $460,000 $646 - - 243<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 2 1,566 $755,000 $482 $715,000 $457 66<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 73<br />
TRI-CITIES<br />
NELA UNION<br />
3901 EAGLE ROCK BLVD<br />
PROJECT INFORMATION<br />
Developer: Warmington Residential<br />
Submarket: Glendale<br />
Number of Homes: 52<br />
HOA Fees: $295<br />
Sales Start Date: May ‘14<br />
Sales End Date: Dec ‘15<br />
Avg. Absorption: 3.0 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
TRI-CITIES<br />
RAYMOND RENAISSANCE<br />
125 N. RAYMOND AVE<br />
PROJECT INFORMATION<br />
Developer: Canyon-Johnson<br />
Submarket: Pasadena<br />
Number of Homes: 47<br />
HOA Fees: $395-$605<br />
Sales Start Date: May ’09<br />
Sales End Date: Jul ’13<br />
Avg. Absorption: 0.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 1,080 $675,000 $625 $690,000 $639 13<br />
SOLD<br />
2-BED AVGS 2 1,138 $692,000 $609 $682,750 $602 19<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 74<br />
TRI-CITIES<br />
THE BURTON<br />
133 S. LOS ROBLES AVE<br />
PROJECT INFORMATION<br />
Developer: Povac Investments<br />
Submarket: Pasadena<br />
Number of Homes: 34<br />
HOA Fees: $345-$395<br />
Sales Start Date: Nov ‘13<br />
Sales End Date: Sep ‘15<br />
Avg. Absorption: 1.5 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 2 1,110 $762,500 $687 - - 15<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 4 937 $620,250 $662 $611,750 $653 113<br />
SOLD<br />
2-BED AVGS 2 988 $634,000 $642 $629,500 $637 105<br />
- - - - - - - -<br />
TRI-CITIES<br />
THE LIVINGSTON<br />
139 S. LOS ROBLES AVE<br />
PROJECT INFORMATION<br />
Developer: Povac Investments<br />
Submarket: Pasadena<br />
Number of Homes: 32<br />
HOA Fees: $300-$560<br />
Sales Start Date: Jun ‘10<br />
Sales End Date: Aug ‘13<br />
Avg. Absorption: 0.8 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 75<br />
TRI-CITIES<br />
TERRA BELLA<br />
155 CORONA ST<br />
PROJECT INFORMATION<br />
Developer: Legendary Developments, LLC<br />
Submarket: Pasadena<br />
Number of Homes: 28<br />
HOA Fees: $575-$595<br />
Sales Start Date: May ’11<br />
Sales End Date: Dec ‘14<br />
Avg. Absorption: 0.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 1 1,650 $949,000 $575 - - 120<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
3-BED AVGS 1 1,930 $1,288,000 $667 - - 145<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 2 1,939 $1,371,500 $703 $1,295,000 $664 37<br />
SOLD<br />
3-BED AVGS 1 2,240 $1,590,000 $710 $1,500,000 $670 165<br />
- - - - - - - -<br />
TRI-CITIES<br />
JACKSON GLEN<br />
230 S. JACKSON ST<br />
PROJECT INFORMATION<br />
Developer: Encore Housing<br />
Submarket: Glendale<br />
Number of Homes: 26<br />
HOA Fees: $395-$605<br />
Sales Start Date: Jan ‘13<br />
Sales End Date: Mar ‘14<br />
Avg. Absorption: 1.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 76<br />
TRI-CITIES<br />
GROVE @ AMBASSADOR<br />
380 W. GREEN ST<br />
PROJECT INFORMATION<br />
Developer: City Ventures<br />
Submarket: Pasadena<br />
Number of Homes: 21<br />
HOA Fees: $880<br />
Sales Start Date: Dec ‘14<br />
Sales End Date: Dec ‘15<br />
Avg. Absorption: 0.6 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 77<br />
ABOUT<br />
POLARIS PACIFIC<br />
Polaris Pacific is the West Coast sales and marketing firm<br />
for the new economy. Polaris Pacific celebrates over 30<br />
years of legacy, experience and results combined with the<br />
latest in marketing strategies, technology and research.<br />
Our foremost goal is to align ourselves with the needs<br />
and wants of our developer clients. We do this through<br />
our unparalleled expertise, innovation and execution. This<br />
razor-sharp focus allows Polaris Pacific to consistently<br />
outperform competitors and maximize value at every<br />
step of the process. That’s why leading real estate<br />
developers and financial partners such as Canyon Capital<br />
Realty Advisors, Lennar Urban, Emerald Fund, The Pauls<br />
Corporation, Oyster Development and Trumark Urban rely<br />
on our unrivaled understanding of market intelligence,<br />
homebuyer dynamics and local market nuances to<br />
increase bottom line profits.<br />
From land acquisition, entitlement and architectural review<br />
to brand development, market launches and cutting edge<br />
marketing technologies, Polaris Pacific analyzes each new<br />
property to maximize opportunities every step of the way.<br />
Long-term client relationships are a testament to Polaris<br />
Pacific’s extensive experience, results-driven focus and<br />
ability to exceed expectation.<br />
Our team brings unparalleled experience in sales and<br />
marketing in all major markets on the West Coast.<br />
DISCLAIMER<br />
Professional Opinion.<br />
With regard to the consulting services, reports, projections<br />
and recommendations provided by Polaris Pacific, whether<br />
delivered orally or in writing, the parties acknowledge that<br />
the matters on which Polaris Pacific is consulted are not<br />
the subject of a predictive science and are instead subject<br />
to unforeseen market variables and conditions. Client<br />
therefore understands and acknowledges that Polaris<br />
Pacific’s projections and recommendations are solely the<br />
result of Polaris Pacific’s considered opinion based on<br />
Polaris Pacific’s assumptions and judgments predicated<br />
on past experience in light of the relevant data studied<br />
with respect to the market conditions and the proposed<br />
project.<br />
Use of Product.<br />
All information, data, projections and recommendations<br />
received by Client from Polaris Pacific, whether presented<br />
orally or in writing, shall be solely for use by Client and is/<br />
are not to be used or relied upon by any third party(ies)<br />
without the prior written approval of Polaris Pacific having<br />
been first had and obtained.<br />
Currently representing sales and marketing for:<br />
6 Mint Plaza San Francisco, CA 25 Units<br />
1400 Mission San Francisco, CA 190 Units<br />
The Burton & Livingston Pasadena, CA 16 Units<br />
Colorado Commons Monrovia, CA 72 Units<br />
20 Pines Daly City, CA 25 Units<br />
The Globe San Jose, CA 76 Units<br />
Lumina San Francisco, CA 656 Units<br />
Rockwell San Francisco, CA 260 Units<br />
The Shores Point Richmond, CA 333 Units<br />
Skyline San Jose, CA 121 Units<br />
The Strand San Rafael, CA 81 Units<br />
Summit 800 San Francisco, CA 182 Units<br />
1450 Franklin San Francisco, CA 67 Units<br />
Ten50 <strong>Los</strong> <strong>Angeles</strong>, CA 151 Units<br />
The Arroyo Walnut Creek, CA 100 Units<br />
The Pacific San Francisco, CA 76 Units<br />
Knox San Francisco, CA 91 Units<br />
One Franklin San Francisco, CA 35 Units<br />
1198 Valencia San Francisco, CA 50 Units<br />
Rowan San Francisco, CA 70 Units<br />
1001 Van Ness San Francisco, CA 256 Units<br />
482 Arroyo Pasadena, CA 24 Units<br />
Optima Kierland Scottsdale, AZ 220 Units<br />
For more information on Polaris Pacific,<br />
visit polarispacific.com.<br />
COPYRIGHT © 2016 POLARIS PACIFIC<br />
LOS ANGELES MARKET REPORT, MAY 2016
For more market insights contact:<br />
MILES GARBER<br />
VICE PRESIDENT OF RESEARCH<br />
MGARBER@POLARISPACIFIC.COM<br />
850 7th Street<br />
San Francisco, CA 94107<br />
P: 415.361.4805<br />
www.polarispacific.com
Change language