Pacic Value Opportunities Fund II, portfolio on 10/04/2013

28359 San Nicolas Dr. Rancho Palos Verdes, CA Acquisition Cost: $825,000 Approximate additional investment to date: $240,000 Current Zillow Est. Value: $1,218,000 (we believe too low) 4 Bed 2.5 Bath 2484 sq ft. This midcentury home has a 12,000 sq ft lot and a 180 degree ocean view. The property has been extensively renovated. Expected listing date and Price: October 14th, $1,425,000

650 The Village Unit 214, Redondo Beach, CA Acquisition Cost: $345,000 Approximate additional investment to date: $20,000 Current Zillow Est. Value: none 1 Bed 1 Bath 619 sq ft. This is a fully renovated ocean view condo overlooking the Redondo Beach Pier. Expected listing date and Price: October 7th, $425,000.

1415 S Crescent Heights Ave, Los Angeles, CA Acquisition Cost: $475,000 Approximate additional investment to date: $39,000 Current Zillow Est. Value: $848,000 (we believe too high) 3 Bed 1.5 Bath 1336 sq ft. Located in the Mid-cities area of Los Angeles, this property is currently under construction and is being extensively renovated to yield a 3 Bed, 2 Bath home with an open oor plan. Expected listing date and Price: November 2013, $700,000

410 S. Bel Aire Dr. Burbank, CA Acquisition Cost: $642,000 Approximate additional investment to date: $20,000 Current Zillow Est. Value: $822,000 3 Bed 3 Bath 2854 sq ft. This property had a lengthy eviction process, but is now available for renovation. Demolition ended this week and the construction period should take another 60 days. Expected listing date and Price: December 2013, $825,000

3424 Huxley St. Los Feliz, CA Acquisition Cost: $910,000 Approximate additional investment to date: $9,000 Current Zillow Est. Value: $1,126,000 3 Bed 3 Bath 2165 sq ft. This property was acquired partially renovated so we anticipate quicker construction. Partial interior demolition began this week. Expected listing date and Price: Late November 2013, $1,200,000

4269 Fair Ave, Studio City, CA Acquisition Cost: $750,000 Approximate additional investment to date: $1,000 Current Zillow Est. Value: $829,000 3 Bed 2 Bath 2034 sq ft. This property is in the coveted Tujanga Village neighborhood and is presently in pre-construction (plans and nal budgeting). The renovations will make better use of the existing square footage and create a 4 bed 2.5 bath home with an open oor plan and deck out the the large back yard. Expected listing date and Price: February 2013, $1,050,000

621 Via Estrada Dr. Palos Verdes Estates, CA Acquisition Cost: $910,000 Approximate additional investment to date: none Current Zillow Est. Value: $1,106,000 3 Bed 2 Bath 1801 sq ft. This property is in the highly coveted Lower Lunada Bay neighborhood of Palos Verdes Estates. The majority of the interior will be gutted to yield a more open oor plan and a larger master bed/bath. Hardscaping and landscaping will take advantage of the existing pool and courtyard. Expected listing date and Price: February 2014, $1,350,000

Sold Properties
3215 Laurel Canyon Blvd, Studio City, CA Acquisition Cost: $690,000 Additional investment: $71,000 Total Investment: $761,000 Sale Price: $888,889 3 Bed 2 Bath 1813 sq ft.

4484 Stansbury Ave, Sherman Oaks, CA Acquisition Cost: $529,000 Additional investment: $60,000 Total Investment: $589,000 Sale Price: $809,000 4 Bed 4 Bath 1800 sq ft.