PRIME WEST HOLLYWOOD DEVELOPMENT SITE ±30 Residential Units

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1 Price: $,00,000 Capital Markets Multi-Housing Group SUBJECT PLEASE DO NOT DISTURB RESIDENT Opportunity to develop ± 0 residential units Superb West Hollywood location Blocks from high-end retailers, restaurants and entertainment Existing single family home on property - Please do not disturb resident

2 SANTA MONICA BLVD Opportunity PRIME WEST HOLLYWOOD DEVELOPMENT SITE The property sits on a,99 square foot lot and is currently improved with a,99 square foot single family home built in 98. The zoning is RB, which means that one residential unit can be built for every 87 square feet of lot area. The maximum building height limit is feet, or four stories. There is no FAR limit. There is an inclusionary housing requirement, which allows for increased density. LA CIENEGA BLVD MELROSE AVE SUBJECT N. CRESCENT HEIGHTS BLVD

3 Points of interest map 7 SUBJECT PROPERTY RETAIL FOOD GELSON S MARKETS CHARM CITY CAKES WEST CAKEMIX SWEET LADY JANE BAKERY VIKTOR BENE S CONTL BAKERY MEL & ROSE LIQUOR & DELI YOGURT STOP INC RETAIL HERVE LEGER DIANE VON FURSTENBERG DASH CAROLINA HERRERA BOUTIQUE KELLY WEARSTLER OSCAR DE LA RENTA LEGGIADRO CHLOE TEMPERLEY LONDON VERA WANG BRIDAL HOUSE LTD THANKS FOR THE MEMORIES MOGUL JEAN DE MERRY DECADES JOHN NELSON ANTIQUES CHEZ CAMILLE CHATEAU ALLEGRE ANTONIO S BELLA CASA NOHO MODERN NEIL LANE JEWELRY CROSSROADS TRADING CO BURTON SNOWBOARDS FLAGSHIP STR MAX & CO LUDMILA COUTURE Y- AUSSIE GEAR CLOTHING DIESEL USA ORIGINAL PENGUIN SUZANNE FELSEN PLUSH HOME PRATESI LINENS INC LAURIEBSTYLE ALEXANDER MC QUEEN PAUL SMITH LTD JOE S JEANS THEORY MELROSE ST-JOHN APPAREL MARNI RALPH LAUREN APC VIVIENNE WESTWOOD SANTA MARIA NOVELLA COSTELLA & DONOLA RESTAURANTS/BARS GREAT EARTH WEST HWD PHILIPPE HAMASAKU INK SACK V CAFE RED O SPANISH KITCHEN VITO S PIZZA ASAKUMA RICE RESTAURANT VERMONT RESTAURANT STK NOBU LOS ANGELES BELMONT KOI RESTAURANT TASTE MARIX TEX MEX CAFE BASIX CAFE JOEY S CAFE HAMBURGER MARY S COMEDY CLUB INC IMPROV COMEDY CLUB MUSEUMS/ART DEALERS SCHINDLER HOUSE JOHNSON ART COLLECTION WOLPERT MARTIN WEIDMAN GALLERY & CSTM FRAMING COMMUNITY & CO 0 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions

4 PLAT MAP 0 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions

5 Location Overview This coveted area of West Hollywood with high barriers to entry is just blocks from the ultra-fashionable shopping district of Melrose Place, with such high-end retail outfits as Marc Jacobs and Monique Lhuillier. Also blocks from the property is restaurant row on La Cienega Boulevard, featuring many of city s finest culinary establishments. area Overview West Hollywood, its own incorporated city, is a young and vibrant community. Many of its residents include members of the entertainment industry, and the global jet-set community. Its stylish array of hotels, restaurants and nightlife provides its residents and tourists alike with a high-end luxury experience. West Hollywood is densely packed into just under two square miles. It is a very walkable city with destinations that include a vast culinary landscape; The Sunset Strip s renowned nightlife; art and fashion designers that line The Avenues district of Melrose Avenue, Beverly Boulevard and Robertson Boulevard; celebrity hot spots; global annual events; premier spas and fitness clubs; and a wide variety of other entertainment and literary venues. West Hollywood has a progressive and creative spirit, and is considered the leading edge of culture, entertainment and design that has become one of Los Angeles area s top destination sites. SUBJECT

6 Project Summary According to West Hollywood Zoning Ordinance Zoning RB Lot Area (SF),99 Lot Area (Acres) 0. Density unit for each 87 sq. ft. of site area Height Limit (Primary Structures) feet or stories FAR No Limitation Inclusionary Housing Requirements and incentives Under the City of West Hollywood s Inclusionary Housing Program, developers are required to dedicate a percentage of newly developed housing units to affordable households. In the case of this development, the required number of inclusionary housing units is determined by the total number of units in the project. The Inclusionary Housing Program states the following: City of West Hollywood Inclusionary Housing Program In projects of to 0 units, developers may choose to make available to low or moderate income households 0 percent of all units, if those units are comparable to market-rate units, or 0 percent of all units if they are smaller alternate units. A benefit of the Inclusionary Housing Program is that a density bonus may be applied. For example, if the amount of low income units equals 0% of the number of units that the zoning permits, then a developer receives a 0% bonus density. A developer could potentially take advantage of additional density bonus incentives by dedicating a larger portion of the project s units to inclusionary housing as outlined below. affordable Unit Type Minimum % of Affordable units bonus density granted additional bonus for each % increase in affordable units very low income % 0%.% Low Income 0% 0%.% Moderate income 0% %.0% 0 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions

7 Inclusionary Housing REQUIREMENTS AND Incentives (continued) When inclusionary units are added and density bonus is applied, the parking space requirement for certain units is lowered. City of West Hollywood Inclusionary Housing Program Density bonus housing development shall be granted the following parking space requirements when requested by the developer, inclusive of handicapped and guest parking, which shall be granted to all units in the development. The following table illustrates the inclusionary housing parking incentive: with inclusionary housing WITHOUT INCLUSIONARY HOUSING Number of Bedrooms required parking spaces per unit* REQUIRED PARKING SPACES PER UNIT* studio up to 00 sf Studio larger than 00 sf. bedroom. to bedrooms or more bedrooms. *If the total number of spaces required results in a fractional number, it shall be rounded up to the next whole number. Please note that there may be exceptions to the inclusionary housing requirements, such as in-lieu fees for developments 0 units and under, as well as the possibility of providing inclusionary housing offsite. For such circumstances, different formulas associated with the amount of inclusionary units, density bonus, and parking requirements may apply. A buyer should consult with the City of West Hollywood and/or other experts regarding this matter. A link to the Inclusionary Housing Program is provided below. Link to Inclusionary Housing Program PDF: 0 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions