1757 N KINGSLEY DRIVE LOS ANGELES CA 90027

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LOS ANGELES CA 90027 BEAUTIFULLY REMODELED 26 UNIT HOLLYWOOD INVESTMENT PROPERTY - IN THE THICK OF THE DEVELOPMENT

1 LOS ANGELES CA BEAUTIFULLY REMODELED 26 UNIT HOLLYWOOD INVESTMENT PROPERTY - IN THE THICK OF THE DEVELOPMENT PROJECTS ALONG HOLLYWOOD BLVD Kenny Stevens BRE# cell kstevens@concord-re.com OFFERING MEMORANDUM

MARKETING PACKAGE OVERVIEW PRESENTED BY Kenny Stevens BRE# 01090251 310.968.7005 cell kstevens@concord-re.

2 MARKETING PACKAGE OVERVIEW PRESENTED BY Kenny Stevens BRE# cell LOCATION OVERVIEW Market Overview Hollywood Developments Location Overview PROPERTY SUMMARY Property Highlights Property Details Aerial Photo Parcel Orientation Photography FINANCIALS Loan Quote Financial Overview Rent Roll COMPARABLES Sales Comps Rent Comps 449 South Beverly Drive, First Floor, Beverly Hills, CA BRE#

3 LOCATION LOS ANGELES CA Kenny Stevens BRE# cell This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LOCATION LOCATION OVERVIEW EAST HOLLYWOOD, CALIFORNIA 1757 N Kingsley Drive, is located in the booming, culturally rich neighborhood of East Hollywood.

Within the last year, Fender Guitars with media powerhouses Netflix and Viacom are leasing up office space in the heart of Hollywood.

Bros. were once based. New restaurants and hotels are setting up shop in response to the growing new media corporations making homes in Hollywood. and new projects are underway.

4 LOCATION LOCATION OVERVIEW EAST HOLLYWOOD, CALIFORNIA 1757 N Kingsley Drive, is located in the booming, culturally rich neighborhood of East Hollywood. The recent revitalization of Hollywood, long in the making, is now the it neighborhood once again for the industry. Within the last year, Fender Guitars with media powerhouses Netflix and Viacom are leasing up office space in the heart of Hollywood. Corporate Hollywood is once again embracing the neighborhood where Charlie Chaplin filmed silent movies, Max Factor created Hollywood starlets and where the early studios like RKO, CBS and Warner Bros. were once based. New restaurants and hotels are setting up shop in response to the growing new media corporations making homes in Hollywood. and new projects are underway. An astonishing number of additional apartments will be built over the next decade. There is much more activity in Hollywood, reminding everyone that the evolving industry has returned to its roots. Sunset Bronson, Paramount, Sunset Gower, and Capital Records, among others, have remained a long-standing part of the Hollywood that once was. With the new Hollywood growth of entertainment corporations Fender, Viacom and Netflix moving in, the future of what will be is brighter than ever.

LOCATION HOLLYWOOD DEVELOPMENTS 6 1757 N Kingsley Drive 7 2 3 5 4 1 1 Sunset Bronson Studios - 5800 Sunset Blvd Los Angeles, CA 90028 Sunset Bronson Studios is an 11-acre creative media production

5 LOCATION HOLLYWOOD DEVELOPMENTS N Kingsley Drive Sunset Bronson Studios Sunset Blvd Los Angeles, CA Sunset Bronson Studios is an 11-acre creative media production campus. Sunset Bronson is a multi-use media property with a full complement of production, post-production and support facilities In addition to an array of hit television shows that use the property's 10 sound stages and production offices, Sunset Bronson now also houses Netflix s new Los Angeles headquarters at ICON and CUE. Total SQ FT - 308,026 ICON Building Sunset Blvd, os Angeles, CA is a 14-story, Class A office building located on a prominent four-acre site at the northeast corner of the Sunset Bronson Studios lot, and the new home to Netflix s LA headquarters. 2 Columbia Square Sunset Blvd Los Angeles, CA $420-million office, residential and retail complex under construction at Sunset Boulevard and Gower Street. Columbia Square will include a 20-story residential tower with 200 apartments for rent. Viacom Inc., agreed to rent 180,000 square feet of space and NeueHouse, a New York operator of avant-garde communal office space, agreed in July to lease 93,000 square feet in the original CBS office and studio complex completed in Siren Studios Sunset Blvd Los Angeles, CA Sunset Trophy LLC, tapped luxe developer Plus Development to lead the renovation of the 1.7-acre creative campus at W. Sunset Boulevard, set to occur once BuzzFeed s video unit moves out (April 2018). The existing 70,000 square feet of office and retail space currently on-site could see a new tower with live-work units. More than 350,000 square feet could potentially be built on the site. 4 Epic Sunset Blvd Los Angeles, CA story, 300,000-square-foot building dubbed Epic. HPP plans to break ground on the development at 5901 Sunset Boulevard by the beginning of Sunset Gower Studios W. Sunset Blvd Los Angeles, CA Hudson Pacific Properties plans massive expansion at Sunset Gower Studios. The 16-acre Hollywood campus could welcome 628K sf of new buildings. The firm plans to demolish approximately 160,600 square feet of existing buildings at the 16-acre campus at 6050 W. Sunset Boulevard while adding 628,000 square feet of production space. 6 The Lombardi 1717 Bronson Ave Los Angeles, CA unit, luxury rental apartment complex dubbed The Lombardi adjacent to its popular event venue space Lombardi House, The Lombardi House is located at 1717 Bronson Avenue, on the corner of Hollywood Boulevard and Bronson Avenue. The Victorian-style mid-rise development, designed by Steinberg Architects, would have studio and one-bedroom apartments between 580 to 800 square feet, as well as two-bedroom units averaging 1,128 square feet. The developer plans to offer two-story penthouse suites on the top floor, each equipped with a private sky deck overlooking Hollywood. Studios will command rents starting at $3,200 per month. One-bedroom units will start at $4,100, and the penthouse units will ask upwards of $6,700 a month. There will be no affordable housing component. 7 Amoeba Music site at 6400 Sunset Blvd Los Angeles, CA Plans to demolish the music store and build a contemporary-style, 28-story building in its place. The roughly 231,000-square-foot project would include 232 apartment units and 7,000 square feet of commercial space. Ten of the apartments would be set aside for low-income households. The Johnson Fain-designed project would include 372 parking spaces across two underground levels, more than the 291 spaces required by zoning laws. Amenities would include a fitness center, game room and swimming pool.

LOCATION LOCATION OVERVIEW Griffith Park The Magic Castle TCL Chinese Theatre Hollywood Pantages Theatre American Film Institute Hollywood The Greek Theater Griffith Observatory 1757 N Kingsley Drive

6 LOCATION LOCATION OVERVIEW Griffith Park The Magic Castle TCL Chinese Theatre Hollywood Pantages Theatre American Film Institute Hollywood The Greek Theater Griffith Observatory 1757 N Kingsley Drive Vermont Ave Skylight Books Palermo Italian Restaurant The Dresden Restaurant Rockwell Table & Stage 1739 Public House Bru Coffeebar Los Feliz Theater Il Capriccio Barnsdall Art Park Los Feliz Hillhurst Ave Cafe Los Feliz Messhall Kitchen Lassens Natural Foods Yuca s Alcove Mustard Seed Café Farfalla Home Qwench Juice Bar Silver Lake Reservoir Hollywood Forever Cemetery Kaiser Permanente Los Angeles Medical Center Vista Theatre Silver Lake

7 PROPERTY SUMMARY LOS ANGELES CA Kenny Stevens BRE# cell This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

approximately 28% upside in rents Surrounded by development projects along Sunset and Hollywood Blvd 26 gate-secured parking spaces Rental

8 PROPERTY SUMMARY PROPERTY HIGHLIGHTS 26 UNITS IN HOLLYWOOD Great Hollywood location between Franklin and Hollywood Blvd Strong unit mix consisting of (1) 2+1, (19) 1+1s, and (6) Studio units 18 of the 26 units have been fully renovated with modern finishes Potential for approximately 28% upside in rents Surrounded by development projects along Sunset and Hollywood Blvd 26 gate-secured parking spaces Rental increases of 4% allowable each year Separately metered for electricity, master metered for gas Walking distance to Hollywood/Western Metro station & Los Feliz

PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION 1757 N Kingsley Dr, This beautifully renovated 26-unit apartment community is located just south of Franklin Avenue and north of Hollywood Blvd

9 PROPERTY SUMMARY PROPERTY DETAILS PROPERTY DESCRIPTION 1757 N Kingsley Dr, This beautifully renovated 26-unit apartment community is located just south of Franklin Avenue and north of Hollywood Blvd in East Hollywood. 18 of the 26 units have been fully renovated to condo quality, offering residents luxury modern finishes such as recessed lighting, customized closets, laminate floors, stainless steel appliances, quartz countertops, and custom tiled bathrooms. Additional renovations to the property include; new contemporary landscaping, improved walkways, secure gated parking as well as remodeled laundry rooms and workout room / pool room. The property consists of (1) two-bedroom/one-bathroom unit, (19) one-bedroom/one-bathroom units, and (6) studio units. PROPERTY DETAILS Units 26 Major Intersection Between Hollywood Blvd and Franklin Ave Market East Hollywood APN Zoning Type LAR3 Building SF 12,959 SF Lot SF 18,096 SF

10 PROPERTY SUMMARY PROPERTY AERIAL

11 PROPERTY SUMMARY PARCEL ORIENTATION

12 PROPERTY SUMMARY PROPERTY PHOTOS

13 PROPERTY SUMMARY PROPERTY PHOTOS

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19 FINANCIALS LOS ANGELES CA Kenny Stevens BRE# cell This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

20 FINANCIALS FINANCIAL OVERVIEW LOAN QUOTE

21 FINANCIALS FINANCIAL OVERVIEW - $7,900,000

22 FINANCIALS RENT ROLL Unit # Unit Type Current Rent Market Rent Lease Date Notes $1,018 $2,195 8/1/ $2,179 $2,295 3/15/ $1,995 $2,195 3/13/ $2,075 $2,195 3/16/ $2,075 $2,195 3/9/ $2,095 $2,095 VACANT 112 Single $867 $1,895 7/15/ Single $1,795 $1,895 5/4/ $2,095 $2,295 5/1/ $2,350 $2,350 **Vacant Leasing Office $2,095 $2,095 VACANT $1,204 $2,295 10/11/2008 Section $1,018 $2,295 10/1/ $1,019 $2,295 12/1/ $875 $2,295 6/1/ Single $1,895 $1,895 1/1/2017 **On-site Manager $2,095 $2,295 5/1/ Single $1,895 $1,895 10/1/ $2,250 $2,295 3/15/ Single $813 $1,895 3/12/ Single $1,895 $1,895 8/1/ $2,195 $2,295 5/1/ $2,387 $2,295 12/30/ $2,095 $2,095 3/1/ $1,140 $2,750 4/1/2001 Section $2,179 $2,295 3/15/2017 NC Bachelor $0 $1,295 Not currently leased GARAGE INCOME: $100 $100 LAUNDRY INCOME: $350 $350 MONTHLY TOTAL: $46,043 $58,525 ANNUAL TOTAL: $552,514 $702,300 ** On-site manager currently pays $1,000/mo ** Unit #202 is being used as leasing office/model unit

23 COMPARABLES LOS ANGELES CA Kenny Stevens BRE# cell This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

COMPARABLES SALES COMPS 1757 N Kingsley Drive, Los Angeles 90027 2136 N Beachwood Dr Los Angeles, CA 90068 Listed For $7,900,000 Sale Price $3,825,000 #

Angeles, CA 90027 Sale Price $9,225,000 COE 10/24/2017 # of Units 24 Building SF 24,610 Price/Unit $384,375 Year Built 1961 1 UNITS UNIT TYPE 1 2 Bed/1

remodeled. Only 9 parking spaces. 1 UNITS UNIT TYPE 24 2 + 1 Comments: Inferior location. Similar age. 24 parking spaces. 800 sq ft units.

Kingsley Dr Los Angeles, CA 90029 Sale Price $3,171,950 COE 6/16/2017 # of Units 7 Building SF 6,867 Price/Unit $453,135 Year Built 1924 UNITS UNIT TYPE

UNITS UNIT TYPE 4 3 + 2 1 2 + 1 2 1 + 1 Comments: Inferior location. Fully renovated units with luxury modern finishes. 6 on-site parking spaces.

Pl Los Angeles, CA 90028 Sale Price $2,725,000 COE 6/5/2017 # of Units 9 Building SF 6,872 Price/Unit $302,778 Year Built 1922 UNITS UNIT TYPE 5 2 + 1.

24 COMPARABLES SALES COMPS 1757 N Kingsley Drive, Los Angeles N Beachwood Dr Los Angeles, CA Listed For $7,900,000 Sale Price $3,825,000 # of Units 26 COE 5/5/2017 Price/Unit $303,846 # of Units 11 Building SF 10,224 Year Built 1968 Price/Unit $347,727 Year Built Rowena Ave Los Angeles, CA Sale Price $9,225,000 COE 10/24/2017 # of Units 24 Building SF 24,610 Price/Unit $384,375 Year Built UNITS UNIT TYPE 1 2 Bed/1 Bath 19 1 Bed/1 Bath 6 Single 1 Bachelor (NC) Comments: Subject Property UNITS UNIT TYPE Comments: Older building, units have not been remodeled. Only 9 parking spaces. 1 UNITS UNIT TYPE Comments: Inferior location. Similar age. 24 parking spaces. 800 sq ft units Finley Ave Los Angeles, CA Sale Price $3,950,000 COE 8/25/2017 # of Units 10 Building SF 9,951 Price/Unit $395,000 Year Built N Kingsley Dr Los Angeles, CA Sale Price $3,171,950 COE 6/16/2017 # of Units 7 Building SF 6,867 Price/Unit $453,135 Year Built 1924 UNITS UNIT TYPE Comments: The building includes 14 parking spaces and patios and balconies for each unit. Delivered with two units vacant. UNITS UNIT TYPE Comments: Inferior location. Fully renovated units with luxury modern finishes. 6 on-site parking spaces Afton Pl Los Angeles, CA Sale Price $3,055,714 COE 6/2/2017 # of Units 8 Building SF 6,071 Price/Unit $381,964 Year Built Garfield Pl Los Angeles, CA Sale Price $2,725,000 COE 6/5/2017 # of Units 9 Building SF 6,872 Price/Unit $302,778 Year Built 1922 UNITS UNIT TYPE Comments: 10 Covered parking spots. Several units have undergone extensive renovation. UNITS UNIT TYPE Comments: Inferior location, Deferred maintenance, built in 1920 s. No parking.

COMPARABLES SALES COMPS 6 1757 N Kingsley Drive Sales Comps 6 4511 Finley Ave

25 COMPARABLES SALES COMPS N Kingsley Drive Sales Comps Finley Ave 6241 Afton Pl 2136 N Beachwood Dr 1163 N Kingsley Dr 1714 Garfield Pl 3311 Rowena Ave

COMPARABLES RENT COMPS 1757 N Kingsley Drive, Los Angeles 90027 N Alexandria Ave Los Angeles, CA 90027 Comments:

$2,400 UNIT SIZE 880 SQ.FT. UNIT TYPE 1 + 1 Comments: Wsher/dryer hook-up available. No Parking.

FT. UNIT TYPE 2 + 2 RENT $1,900 UNIT SIZE 550 SQ.FT. UNIT TYPE Studio Comments: All Newly Renovated.

The community has sparkling pool, relaxing Jacuzzi parking and laundry on site Comments: Building has recently

The interiors of the units feature luxurious amenities such as designer done kitchens with high-end quartz

26 COMPARABLES RENT COMPS 1757 N Kingsley Drive, Los Angeles N Alexandria Ave Los Angeles, CA Comments: Subject Property RENT $1,096 UNIT TYPE RENT $875-$2,350 UNIT TYPE RENT $813-$1,895 UNIT TYPE Single RENT $2,400 UNIT SIZE 880 SQ.FT. UNIT TYPE Comments: Wsher/dryer hook-up available. No Parking Carlton Way, Los Angeles, CA N Kenmore Ave, Los Angeles, CA RENT $3,350 UNIT SIZE 1,100 SQ.FT. UNIT TYPE RENT $1,900 UNIT SIZE 550 SQ.FT. UNIT TYPE Studio Comments: All Newly Renovated. Outdoor balcony space and day & night city view. The community has sparkling pool, relaxing Jacuzzi parking and laundry on site Comments: Building has recently undergone an extensive exterior and interior renovation. The interiors of the units feature luxurious amenities such as designer done kitchens with high-end quartz countertops, gorgeous backsplashes, stainless steel 5535 Carlton Way APT 310, Los Angeles, CA RENT $2,195 UNIT SIZE 900 SQ.FT. UNIT TYPE W Westmoreland Ave, Los Angeles, CA RENT $2,400 UNIT SIZE 600 SQ.FT. UNIT TYPE Comments: Top floor unit features: new hardwood floors, Stainless Steel Appliances, new countertops, new fixtures, new dishwasher, Tub + Shower. 1 garage parking and additional storage space included in rent. Comments: Recently renovated unit with Washer and Dryer in unit. 1 Car parking

27 COMPARABLES RENT COMPS 1757 N Kingsley Drive Rent Comps 5409 Carlton Way 5535 Carlton Way N Alexandria Ave 1840 N Kenmore Ave 1260 W Westmoreland Ave

LOS ANGELES CA 90027 Kenny Stevens BRE# 01090251 310.

28 LOS ANGELES CA Kenny Stevens BRE# cell OFFERING MEMORANDUM

1422 TAMARIND AVENUE HOLLYWOOD, CA 90028

1422 TAMARIND AVENUE HOLLYWOOD, CA 90028 OFFERING MEMORANDUM 17 UNITS WITH PARKING IN THE HEART OF HOLLYWOOD DRE# 01991628 OFFERING MEMORANDUM OVERVIEW PRESENTED BY Kenny Stevens BRE# 01090251 310.963.7851 Kenny@KennyStevensTeam.com LOCATION