East Los Angeles Flex Office with Abundant Parking For Sale 5128 VALLEY BOULEVARD & 2262 BEATIE PLACE LOS ANGELES, CA 90032

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1 East Los Angeles Flex Office with Abundant Parking For Sale 5128 VALLEY BOULEVARD & 2262 BEATIE PLACE LOS ANGELES, CA 90032

2 Colliers Brokerage NATHAN PELLOW Executive Vice President License No PATRICK MOODY Associate License No Colliers International 865 South Figueroa Street Suite 3500 Los Angeles, CA Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Page 2 and Colliers International Colliers International /or its licensor(s) All rights reserved Beverly Valley Boulevard Page 3

3 THE OFFERING > 5128 VALLEY BOULEVARD LOS ANGELES, CA Colliers International, as exclusive broker, is pleased to announce that we have been retained to represent the owner in a sale of the commercial property located at 5128 Valley Blvd in Los Angeles, CA Valley Boulevard contains a two-story, 5,340 square foot office property equipped with a secured gated parking lot that includes roughly 12 parking spaces. The property also includes a 4,500 square foot parcel of land with the potential for an additional 8-10 parking spaces, along with a 910 square foot annex building curently used as an apartment. The property is located within close proximity to Downtown, Lincoln Heights, and Alhambra, which provides easy access to the 710 and 10 freeways. The immediate area is following the path of it s neighbors, Lincoln Heights, Highland Park, and Alhambra, and becoming a very attractive location for new businesses and developments Valley Blvd will be delivered vacant at the close of escrow, which creates a unique owner/user opportunity in the up-and-coming neighborhood, at a much lower price point than other adjacent submarkets Valley Boulevard Page 5

4 PROPERTY OVERVIEW APN: & PLAT MAP Sales Price $2,200,000 Building $352 P Land $195 P Building Size 5128 Valley Blvd 5, Beatie Place 940 Total 6,250 Land Size 11,250 Parking ±20 spaces 3.2/1,000 Year Built 1940 Zoning LAC Valley Boulevard Page Valley Boulevard Page 7

5 OWNER/USER HIGHLIGHTS Building Highlights > Owner/User opportunity with future development potential > Layout designed for a wide varity of office flex and warehouse distribution uses > Secured gated parking with excellent on-site parking ratio > High exposure signage opportunity > Selling below replacement cost Area Highlights > Close proximity to Downtown LA, the 710 & 10 Freeways > Adjacent to Cal State LA and USC Medical Center > Only 3 miles East of booming Lincoln Heights and DTLA Arts District > Central location for staff without congestion of Downtown 5128 Valley Boulevard Page 9

6 OFFICE MARKET INTEL Summary Statistics DTLA, Q Class A Class B All Classes Vacancy Rate 12.3% 27.1% 18.8% Change from Q2 18 (Basis Points) Net Absorption* Construction Completions* Under Construction* 0.0 1, ,721.3 *, Thousands Outlook Downtown L.A. vacancy is expected to contract slightly as positive demand counters new construction deliveries. Interest from outof-market tenants persists, especially in the media and technology industries, has helped legitimize Downtown Los Angeles as a competitor to markets such as Hollywood and Silicon Beach. The signings of Honey and Arizona State this quarter arguably happened not only due to pricing, but also due to the quality of space and an ever-increasing slate of amenities in the market. This combination of factors should lead to continued momentum for Downtown Los Angeles. Market Indicators Relative to prior period Q Forecast Vacancy Net Absorption Construction Rental Rate Asking Rents DTLA, Q Class A Class B Class C All Classes Average Asking Rent $43.28 $40.60 $34.10 $41.17 Change from Q2 18 ($) +$0.28 +$0.63 -$0.34 +$0.43 Y.O.Y. Change (%) +3.2% +2.9% +1.1% +2.5% Labor Force Los Angeles County, August mo Employment Growth (%) 12-mo Actual Employment Change Total Nonfarm Prof. & Business Services Financial Activities 1.4% 2.3% 0.6% 62,400 14,300 1,300 OFFICE OVERVIEW Downtown Los Angeles Office Market Q EXISTING PROPERTIES VACANCY ACTIVITY ABSORPTION CONSTRUCTION RENTS Submarket/ Class Bldgs Total Inventory Direct Vacancy Sublease Vacancy Total Vacancy Total Vacancy Prior Qtr Leasing Activity Current Qtr Leasing Activity YTD Net Absorption Current Qtr Net Absorption YTD Completions Current Qtr Under Construction Weighted Avg Asking Lease Rate GREATER DOWNTOWN / ARTS DISTRICT B 12 2,880, % 0.1% 29.5% 31.3% 171, ,800 51,600 88, ,721,200 $43.23 C 8 592, % 1.4% 24.9% 24.3% 4,900 14,800 (3,700) 10, $36.15 SUBTOTAL 20 3,472, % 0.3% 28.7% 30.1% 176, ,600 47,900 99, ,721,200 $42.23 MARKET TOTAL A 18 18,470, % 0.6% 12.3% 12.7% 106, ,100 64, , $43.28 B 48 13,634, % 0.6% 27.1% 27.8% 430, ,900 97,800 8, ,721,200 $40.60 C 13 1,555, % 0.5% 23.1% 22.7% 53,800 82,400 (7,500) 5, $34.10 TOTAL 79 33,660, % 0.6% 18.8% 19.3% 590,500 1,655, , , ,721,200 $41.17 Note: revisions to the inventory base were made effective Q3 2018, historical data reported here reflect these revisions and may not match data reported in previous quarters.

7 LOCATION MAP update VALLEY waiting BOULEVARD on map USC University of Southern California 5128 Valley Boulevard Page 13

8 FEATURED DEVELOPMENTS Lincoln Heights 1 Ascot Hills Park E HUNTINGTON DRIVE The Rosa de Castilla Apartments The Rosa de Castilla Apartments is a proposed mixed-used affordable housing development in El Sereno. The development consists of a pair of 4-story buildings with 85 residential units, 70 parking spaces, and 2,500 of retail space. The development will also include ample open space with a hiking trail and garden along the back hillside S FREMONT AVENUE Villages at the Alhambra The Ratkovich Company is planning a massive development on a 45- acre site in Alhambra. This will be a three-phase development creating over 1,000 residential units with roughly half being for rent and the other half for sale. The timeline for this development has not yet been disclosed. Mission Road Lincoln Park Valley Blvd Cal State LA LAC + USC Monterey Park Golf Club 5151 STATE UNIVERSITY DRIVE Cal State LA Expansion Cal State LA has proposed a new student housing expansion on the southeast corner of the schools 174-acre campus. The project would consist of an 8-story building with 1,500 beds for underclassman. The development is also set to include a 4-story parking structure suitable for 1,600 vehicles ALHAMBRA AVENUE HATCH A 1930 s furniture factory is being repurposed as a new space for biotech startups. The total square footage of the space is 17,000 and the initial plan is for 8 different tenants to occupy the property. This development is considered the first privately funded biotech development in Los Angeles Valley Boulevard Page Valley Boulevard Page 15

9 SOLD COMPARABLES # BUILDING PHOTO BUILDING ADDRESS BUILDING SIZE LAND SIZE PRICE P SALES PRICE SALES DATE W Valley Boulevard Alhambra, CA ,000 5,749 $467 $1,400,000 1/30/ S Huntington Drive Los Angeles, CA ,500 15,681 $446 $2,900,000 4/6/ W Valley Boulevard Alhambra, CA ,406 6,534 $360 $865,000 3/7/ N Broadway 3,840 7,514 $326 $1,250,000 4/14/ Pasadena Avenue 2,404 3,179 $282 $679,000 12/19/ Valley Boulevard Los Angeles, CA ,226 4,791 $280 $1,185,100 9/21/ W Valley Blvd Alhambra, CA ,090 4,486 $275 $575,000 4/2/ Valley Boulevard Page Valley Boulevard Page 17

10 SOLD COMPARABLES CONTINUED # BUILDING PHOTO BUILDING ADDRESS BUILDING SIZE LAND SIZE PRICE P SALES PRICE SALES DATE W Valley Boulevard Alhambra, CA ,583 6,751 $271 $700,000 6/27/ Pasadena Avenue 2,450 4,791 $265 $650,000 11/29/ Pasadena Ave 2,819 2,927 $263 $740,000 7/6/ Sichel Street 5,000 7,840 $241 $1,205,000 3/8/ N Broadway 18,210 9,147 $233 $4,250,000 1/17/ Pasadena Ave 7,932 7,954 $233 $1,850,000 6/29/2017 Average $ Valley Boulevard Page 18

11 5128 VALLEY BOULEVARD & 2262 BEATIE PLACE LOS ANGELES, CA 90032

FOR SALE OR LEASE > 2001 BEVERLY BOULEVARD LOS ANGELES, CA

FOR SALE OR LEASE > 2001 BEVERLY BOULEVARD LOS ANGELES, CA FOR SALE OR LEASE > 2001 BEVERLY BOULEVARD LOS ANGELES, CA NATHAN PELLOW Executive Vice President License No. 01215721 213 532 3213 nathan.pellow@colliers.com PATRICK MOODY Associate License No. 02024230

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