Property Description

Lambert Investments, Inc. introduces this private bungalow enclave and compound with no
detail overlooked. Property was taken down to studs and fully rebuilt. Most units have never
been occupied. Recent Multi-Million Dollar remodel by award-winning architect/contractor
Marmol-Radziner, the property includes 11 charming single-level residences situated at
2403 - 2409 Centinela Avenue in Santa Monica.

Seller will carry 50%. 4% interest-only in year 1. 4% interest-only in year 2 with 1 point added
at the end of year 2. Total payoff 1 year: $2,375,000. Total payoff 2 years: $2,398,750 (Loan
amount + 1 point).

Unit mix: one two-bedroom unit, six one-bedroom units and four singles. All with kitchens
and high-end appliances, including Mini Split Heating/AC Units and washer/dryers! These
homes showcase modern stainless steel kitchen appliances and elegant wood flooring, as
well as energy-efficient dual pane windows for sound suppression. Each residence includes
allocated parking for one vehicle, including seven garages, new automatic garage doors
plus 5 parking spaces. The lush landscaping of the communal areas is meticulously kept and
includes beautiful sycamores, enhancing the overall appeal. Please do not curb appraise.

The neighborhood of Sunset Park, a family-friendly suburb, offers an appealing locale with
picturesque scenery. This neighborhood is known for its excellent educational institutions
located in the Santa Monica-Malibu School District and Santa Monica College. Convenient
amenities including the Santa Monica Airport, shopping, and specialty markets. The area
boasts sandy coastlines, exceptional shopping, and scenic oceanfront walkways, making it
an inviting place to explore.

Sunset Park’s community spaces include Clover Park, where you’ll find almost 18 acres of
recreational facilities such as ball fields, tennis courts, and numerous delightful dining
options for breakfast, lunch, and dinner.

Strategically located, these residences provide convenient access to Santa Monica,
Westwood, Century City, and Culver City, along with easy reach to the Metro for seamless
exploration of all that Los Angeles has to offer.