The Harris Company,
Real Estate Appraisers/Consultants
5780 West Centinela Avenue, Building 1, Suite 408
Los Angeles, California 90045
310.337.1973  harris_curtis@sbcglobal.net
PIRS/HARRIS COMPANY AND THE SCIENCE OF REAL ESTATE - PARTNERS
Founded in 1984 along with our subsidiary, the Property Inspection and Reporting Service
of Southern California (PIRS), we have successfully completed a variety of assignments
including administration of the Los Angeles County Housing Rehabilitation Loan Program
(
HRLP).  Our administration of the HRLP provided us the opportunity to assist with the
rehabilitation of residential properties owned by people with low and moderate incomes.  
The scope of our administrative responsibilities was general in nature and included the
following: notifying property owners of available funds, qualifying applicants based upon
income and need, project planning, preparation of bid documents - including plans and
specifications, contractor selection, and construction monitoring on one to four family
residences.  At the risk of sounding boastful we proudly say that of the six companies
contracted by the County of Los Angeles, the PIRS/Harris Company alone, was successful
in making loans with 100% of the funds allocated to our firm.

On July 15, 2001 we were notified by the Housing Authority of the City of Los Angeles,
California that our proposal to provide their agency with both Fair Market Value Appraisal
Services and Real Estate Physical Inspection Services had been accepted.  We anxiously
await the execution of these contracts and servicing the needs of this well respected
agency.

Also in 2001 we were approved to prepare real estate valuations for the Los Angeles
Unified School District.  To date we have completed one limited-summary, acquisition
appraisal on a R.V. Storage Facility.  The function of this assignment was to assist the
LAUSD in the evaluation and acquisition of the real estate interest as required for the
Woodlawn Elementary Expansion Project.

On July 1, 2001 we, once again (1997-2001), were awarded contracts to provide real
estate appraisal services to the County of Los Angeles, California.  The first of which is
from the Community Development Department which has an aggregate compensation of
$380,000 and the second is from the Housing Authority of the County of Los Angeles with
an aggregate compensation of $100,000.  This follows the last year of a three contract to
provide Real Estate Acquisition Appraisal and Consulting Services to, the
Economic/Redevelopment Division of the Community Development Commission of the
County of Los Angeles.  Appraised property types have ranged from small residential and
commercial properties to large commercial/industrial sites.  Appraisal functions have
ranged from “acquisition” to “finance” to “sale” and from “as-is” to “as proposed” or “in
reuse.”  Communities include: West Altadena, Marvilla, Willowbrook, East Los Angeles,
and East Rancho Dominguez.  While these appraisals are prepared in compliance with
the State of California Eminent Domain Law, the likelihood of any forthcoming
condemnation action is minimal.

From 1998 to the Present and for four years (1989-1993) under contract, we have provided
real estate consulting and appraisal services to the Community Redevelopment Agency of
the City of Los Angeles.  These services include: Market and Fair Market Value Appraisals
on Commercial (Office/Retail) Properties, Special Use Properties (several restaurants and
a 29,000 square foot movie theater), Agency Owned Properties (most notably one
Recreation Center); and "Before" and "After" Rehabilitation Appraisals on Single Family
Residences, Multiple Family Residential Properties, Residential Community Care
Facilities, Affordable Housing, and even Single Room Occupancy Housing.  In our years of
service we completed 98%  of our assignments on time and error free.  Communities
include: Downtown Los Angeles, Little Tokyo, Korea Town, South-Central, Pico-Union,
Crenshaw, Boyle Heights, San Pedro, and Watts.

From 1997 to present we have assisted the Commerce Community Development
Commission with a number of Appraisal Assignments on vacant and improved Multifamily
Residential, Commercial, and Light Industrial Sites.  

Just recently we were Certified by the Real Estate Assessment Center (
REAC), a newly
formed agency of HUD, who awarded us a sub-contract to produce physical inspections
and provide financial information for HUD-insured and assisted housing.  The purpose of
the Inspection Contract is to inspect properties with HUD-held mortgages, properties for
which HUD acts as the Section 8 contract administrator, and properties owned by Public
Housing Agencies.  We look forward to assisting Secretary Cuomo with the
implementation of his HUD 2020 Management Reform Plan who’s goal is “to restore
public trust in HUD and executing its mission to ensure decent, safe, and  sanitary
housing in good repair.”

From 1995 to date, we were given the enviable opportunity of providing Real Estate
Disposition Consulting and Appraisal Services to the Nations Largest Purchaser of First
Trust Deeds and Mortgages, the Federal National Mortgage Association, FannieMae.  To
date we have provided Rehabilitation and Sales Consulting along with “As-Is” and “As-
Repaired” Valuations on more than 475 residential properties and have played a
significant role in assisting with the disposition of hundreds of Real Estate Owned (REO)
properties.  We have been over 99% effective in meeting our 7 day verbal, and 10 day
written appraisal turnaround.

In 1994, we began providing acquisition consulting and appraisal services to the
Community Development Commission, County of Los Angeles for its Low Income
Housing Program.  They designed this program to provide County owned, low income and
Section 8 housing, extraneous to conventional housing projects.  Its objectives are to
acquire vacant land or distressed multifamily residential properties and build or
rehabilitate these properties to provide "decent, safe, and sanitary" housing for needy
families.  To date we have participated in the creation of more than 100 qualified units,
either by site location and  acquisition negotiation, or by providing real estate appraisal
services.  Communities include: Florence, East Los Angeles, and Willowbrook.

In 1991, we provided instrumental assistance, in the form of acquisition consulting and
appraising, with the Freedom Ford Relocation Project, a proposed 3.5 acre redevelopment
project, located within the City of Lynwood (a single $25,000+ assignment).  We can
handle the big jobs.  Unfortunately the economic viability of this project could not be
established, and therefore, it was abandoned.  We take the upmost pride in our
contribution to the completion of the "Lynwood Towne Center," a 10-acre Commercial
Redevelopment Project, which included acquisition consulting, planning, feasibility
analysis, and real estate valuations on commercial and light industrial properties within
the project area.

Our list of prestigious clients includes the Los Angeles Unified School District, the
Alameda Corridor Engineering Team, the County of Los Angeles-Metropolitan
Transportation Authority (METRO), the Federal National Mortgage Association
(FannieMae), IndyMac Bank, Washington Mutual, the City of Los Angeles-Community
Redevelopment Agency, the County of Los Angeles-Community Development
Commission, the City of Pasadena-Community Development Department, the City of
Lynwood-Lynwood Redevelopment Agency, the City of Compton-Compton Redevelopment
Agency, the City of Culver City, the City of Commerce-Community Development
Commission, Western Federal Savings, City National Bank, Downey Savings, Wells Fargo
Bank, Alliance Bank, One United Bank, Founders National Bank of Los Angeles, The
Resolution Trust Corporation, Emerson International Companies, Broadway Federal
Savings, ICON Associates, Pacific Southeast Partners, and many others.  Our
assignments have ranged from fair market value appraisals on single family residential
real estate to economic feasibility studies and development planning on commercial and
industrial real estate.  With pride we say that our broad-based education, experience, and
commitment, have qualified us as experts in the fields of Residential, Commercial and
Industrial Real Estate, and more recently Business Valuations.
We Make a Simple Pledge to

Communicate, in a timely Fashion, each appraisal, analysis, and opinion without bias or
partiality

Abstain from behavior that is deleterious to our clients, the appraisal profession, and the
public

Hold paramount the confidential nature of the appraiser/consultant - client relationship

and

Comply with the requirements of the Uniform Standards of Professional Appraisal Practice
and the
Code of Professional Ethics of the National Society of Real Estate Appraisers
About Us
Real Estate Consultants-Certified General Appraiser/Real Estate Broker-Resume
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