Gateway La Brea Development Site 4927 W Washington Blvd. Los Angeles, CA 90019

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1 Gateway La Brea Development Site Ø A 34-unit apartment development site at the highly visible intersection of La Brea and Washington Ø Parking configurations and conceptual elevations have been created by P.S Architects to demonstrate the viability of a 34-unit apartment development which may be used as an initial benchmark to establish a viable by-right development scenario Ø The proposed development scenario will utilize SB1818 to increase the current allowable FAR of 1.5 to 2.0 [Total Buildable SF with SB1818: 26,127 SF] Ø Four (4) of the proposed 34 apartments units will be designated as very low income units in the aforementioned development scenario [11% of 34] Ø Unit mix will consist of units and units which will average approximately SF each Ø Corner lot development site consisting of 12,902 SF of C2-1 land Ø $1,850,000 Evanisko Realty & Investment, Inc. BRE

2 Gateway La Brea Development Site This brochure has been prepared to provide summary, unverified information to interested parties, and to establish only a preliminary level of interest in the subject development opportunity. The information contained in this brochure has been obtained from sources we believe to be reliable. However, Evanisko Realty & Investment, Inc. has not verified, and will not verify, any of the information contained herein, nor has Evanisko Realty & Investment, Inc. conducted any investigation regarding theses matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All interested parties must take appropriate measures to verify all of the information set forth herein. Please contact Evanisko Realty & Investment, Inc. for additional information and/or guidance pertaining to this opportunity. All offers and correspondence regarding this opportunity are to be directed to: Chris Martinez (818) Chris@evaniskorealty.com

3 Gateway La Brea Development Site The site consists of 12,902 sq. ft. of C2-1 vacant land located at one of Los Angele s most prominent signalized intersections just 1.8 miles south of Miracle Mile. Evanisko Realty & Investment, Inc., at their expense and direction, has retained the architecture firm Office P.S. for the purpose of devising a 34-unit apartment land development scenario with all parking configured in two levels of parking (one at-grade and one sub). The parking study should only be used as an initial benchmark for establishing the development potential of the property. Broker and Seller make no representations or warranties regarding the development potential of the property or the accuracy of the scenario presented. APN: Land Area: 12,902 Sq. Ft. Existing Improvements: Billboard with month-to-month lease Removable with 30-day notice to lessee Zoning: C2-1 FAR: 1.5:1 [Increased to 2.0 with SB1818 under the land development scenario presented] Height Limit: 45 Topography: Slight Downhill / Flat Due-Diligence Package: Contact Broker For Access Geotechnical Report [Applied Earth Sciences -2010] Property Survey [Engineering Services] Billboard Lease PS Architects Parking Study and Conceptual Elevations Council District: CD 10 Herb J. Wesson, Jr. Price: $1,850,000 Property Summary

4 Gateway La Brea Development Site Ø Property allows for 34.9 by-right units with 45 height limit and 1.5:1 FAR Ø SB1818 density bonus allows for 45 units and 35% increase in FAR Ø Due to limited FAR, the proposed development scenario does not contemplate increasing unit count beyond 34 Ø Total FAR Calculation: 12,902 SF land X 1.5 = 19, % =26,127 SF Ø The proposed building accommodates 34 units on 3 stories of dwelling units Ø Unit mix will accommodate 2+2 bedrooms & 1+1 bedroom units Ø Designed parking layout accommodates 48 parking spaces on 2 parking levels Ø Parking accommodates 16 tangents, 32 singles, 1 handicap and 8 compact spaces Proposed Development

5 La Brea Washington Apartment Site Total Square Footage: ½ Alley (10 x ): Total SF w/ Alley: Total By-Right Units: (C2 = 1:400) 12,902 1, , By-Right Density Calculation

6 La Brea Washington Apartment Site Facing North Facing East Proposed Conceptual Elevations

7 La Brea Washington Apartment Site All project ingress/egress off alley At-Grade Parking Level

8 Below-Grade Parking Level La Brea Washington Apartment Site

9 La Brea Washington Apartment Site La Brea Washington Apartment Site

10 Parcel Map La Brea Washington Apartment Site

11 La Brea Washington Apartment Site feet feet feet Total Square Footage: 12, feet Lot Dimensions

12 Gateway La Brea Development Site Rent Comparable # Crenshaw Blvd. Los Angeles, CA Owner: Jv Crenshaw LLC Units: 10 YBLT: : $1,350-$1,495 [ SF] 1+1: $1,650-$1,700 [ SF] Rent Comparable # S. Crenshaw Blvd. Owner: Private Owner Units: 4 YBLT: : Proposed rents unavailable Rent Comparable # S. Cloverdale Ave. Owner: Broadway Solutions LLC Units: 4 YBLT: 2014 (Partially rehabbed) 2+1: $1,850 [900 SF] 3+2: $2,250 - $2,395 [1200 SF] Rent Comparable # Hauser Blvd. Los Angeles, CA Owner: STMG Properties LLC Units: 4 YBLT: : $2,000-$2,200 [1,300 SF] Apartment Rental Activity New Construction

13 Gateway La Brea Development Site Rent Comparable # S. Cloverdale Ave. 4 Units Rehab/Built : $1, : $2,250 - $2,395 Rent Comparable #2 Under Construction 1731 S. Crenshaw Blvd. 4 Units Built 2014 All 2+2 Rents Unavailable Gateway La Brea Development Site Rent Comparable # Hauser Blvd. 4 Units Built : $2,000-$2,200 [1,300 SF] Apartment Rental Activity New Construction Rent Comparable # Crenshaw Blvd. 10 Units Built : $1,350-$1, : $1,650-$1,700

14 Gateway La Brea Development Site Queen Anne Park L.A High School Miracle Mile (1.8 mi) Wilshire LAPD Station Midtown Crossing Shopping Ctr. Saturn Elementary School Subject Property Alta Loma Elementary School Culver City (3 mi.) Downtown L.A (5 mi.) Santa Monica Beach (9 mi.) Rancho Cienega Recreation Center Cienega Elementary School La Cienega/ Jefferson stop (2.3 mi) Mount Vernon Middle School La Brea/ Exposition stop (1.4 mi) Surrounding Amenities Virginia Road Elementary School Dorsey High School Crenshaw/ Exposition stop (2.0 mi)

15 Gateway La Brea Development Site Contract Acceptance Escrow to receive initial deposit upon mutual PSA acceptance. Money will remain fully refundable to buyer through course of Initial Review Period. Final Closing Date 60 Days 90 Days Initial Review Period Closing Expiration of Initial Review Period Buyer s deposit to become Liquidated Damages and released to Seller Proposed Transaction Timeline

16 Gateway La Brea Development Site Evanisko Realty & Investment, Inc. has been retained on an exclusive basis by the owner to handle the marketing and disposition of this land asset. Title: Title will be Provident Title Officer: Alex Gomez Escrow: Shamrock Escrow Tammey Bazinet Cooperating Broker Commission: 2% Price: $1,850,000 SUBMIT ALL PROPOSALS/INQUIRIES TO: ALL PROPOSALS WILL BE REVIEWED BY LANDOWNER AND BROKER AS RECEIVED. For additional information/guidance on this and other development opportunities contact: Evanisko Realty & Investment, Inc. (818) Evanisko Realty & Investment, Inc. BRE: Transaction Guidance

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