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SECTION V <br />taRESIDENTIAL PROJECTS PROPOSED IN THE SPECIFIC PLAN <br />www.FinanceDTA.com <br />Table 5: Existing Bedroom Counts <br />II <br />. <br />I <br />Units <br />Units <br />Unit Count <br />Units <br />Units <br />1!�� <br />Studio <br />Units SIF <br />Unit Size <br />h=;j <br />r rm <br />Units SF <br />AM <br />400 Enclave Cir <br />The Enclave at South Coast <br />0 <br />459 <br />431 <br />0 <br />890 <br />0 <br />726 <br />1,031 <br />0 <br />874 <br />3400 Avenue of the Arts <br />3400 Avenue of the Arts Apts <br />85.008 <br />349 <br />336 <br />0 <br />770.008 <br />539 <br />756 <br />1,228 <br />0 <br />938 <br />1601 W Macarthur Blvd <br />The Aspens South Coast <br />0 <br />388 <br />254 <br />0 <br />642 <br />0 <br />756 <br />1,112 <br />0 <br />897 <br />655 Baker St <br />South Pointe <br />0 <br />232 <br />192 <br />16 <br />440 <br />0 <br />577 <br />862 <br />1,120 <br />721 <br />3700 Plaza Dr <br />Versailles On The Lake Apts <br />179.998 <br />60 <br />76 <br />48 <br />363.998 <br />568 <br />789 <br />1,185 <br />1,300 <br />830 <br />15 MacArthur PI <br />Essex Skyline at MacArthur Place <br />0 <br />1 44 <br />305 <br />1 <br />350 <br />0 <br />1,161 <br />1,598 <br />2,834 <br />1,547 <br />3124 S Main St <br />Reserve at South Coast <br />1.0121 <br />152 <br />196 <br />0 <br />349.0121 <br />420 <br />672 <br />844 <br />0 <br />768 <br />100 E MacArthur Blvd <br />The Marke <br />0 <br />158 <br />128 <br />14 <br />300 <br />0 <br />749 <br />1,132 <br />1,374 <br />942 <br />1000 S Coast Dr <br />The Cape Apartments <br />0 <br />160 <br />120 <br />16 <br />296 <br />0 <br />593 <br />890 <br />1,056 <br />738 <br />3400 S Main St <br />3400 South Main <br />0 <br />176 <br />112 <br />0 <br />288 <br />0 <br />850 <br />1,150 <br />0 <br />967 <br />550 Paularino Ave <br />Park Mesa Villas <br />0 <br />216 <br />60 <br />0 <br />276 <br />0 <br />625 <br />890 <br />0 <br />683 <br />635 W Baker St <br />Newport Village <br />124.0068 <br />108 <br />44 <br />0 <br />276.0068 <br />520 <br />710 <br />920 <br />0 <br />658 <br />555 Paularino Ave <br />Eaves South Coast <br />0 <br />172 <br />86 <br />0 <br />258 <br />0 <br />682 <br />1,050 <br />0 <br />805 <br />1101 W Stevens Ave <br />South Coast Racquet Club <br />0 <br />160 <br />96 <br />0 <br />256 <br />0 <br />702 <br />981 <br />0 <br />807 <br />31 E MacArthur Crescent Dr <br />Pinnacle at MacArthur Place <br />0 <br />108 <br />145 <br />0 <br />253 <br />0 <br />729 <br />1,305 <br />0 <br />1,059 <br />580 Anton Blvd <br />580 Anton <br />5 <br />165 <br />80 <br />0 <br />250 <br />506 <br />745 <br />1,144 <br />0 <br />868 <br />1142 Buckingham Dr <br />Wimbledon Glen <br />49.9956 <br />102 <br />92 <br />0 <br />243.9956 <br />505 <br />942 <br />1,146 <br />0 <br />929 <br />805 W Stevens Ave <br />Park Plaza Apartments <br />0 <br />0 <br />132 <br />111 <br />243 <br />0 <br />0 <br />884 <br />1,041 <br />956 <br />125 Baker St E <br />Baker Block <br />31.008 <br />108 <br />93 <br />8 <br />240.008 <br />623 <br />789 <br />1,124 <br />1,452 <br />919 <br />651 Sunflower Ave <br />Bloom <br />39.0076 <br />112 <br />75 <br />0 <br />226.0076 <br />607 <br />685 <br />1,106 <br />0 <br />811 <br />3600 Aspen Village Way <br />I Aspen Village <br />0 <br />76 <br />1 124 <br />1 0 <br />200 <br />0 <br />1 807 <br />1 1,126 <br />0 <br />1,005 <br />Average/Total <br />515 <br />3,505 <br />1 3,177 <br />1 214 <br />7,411 <br />551 <br />1 728 <br />1 1,113 <br />1,152 <br />893 <br />We conclude that despite current market dynamics resulting from existing Federal Reserve Bank policies, IPP cap rates in the City have moved less <br />than those nationwide. <br />Another significant conclusion that may be made from the information above is that the current multifamily vacancy rate in the City is low. The <br />result of this low vacancy rate puts upward pressure on rental rates since landlords have the flexibility to increase rates with less concern about <br />tenant's turnover. <br />Related Bristol at 3600 South Bristol Street <br />Draft Market Study Report <br />Exhibit 10 <br />September 2023 <br />16 <br />