1602 W. ADAMS BLVD., LOS ANGELES, CA 90007

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1 1602 W. ADAMS BLVD., LOS ANGELES, CA ,070 SF Commercial Property on 12,000 SF Parcel Multi-Family Site Exclusively Offered By: Brian Corrigan, SIOR Senior Vice President P BCorrigan@voitco.com Lic # Ryan Moore Senior Vice President P RMoore@voitco.com Lic #

2 TABLE OF CONTENTS The Offering...3 Rent Roll / Income / Expense...4 Property Description...5 Site Plan...6 Regional & Local Maps...7 Aerials...8 Sale Comparables DISCLAIMER This confidential Offering Memorandum (this Memorandum ) is being delivered subject to the terms of the Confidentiality Agreement personally or electronically signed by you (the Confidentiality Agreement ) and constitutes part of the Evaluation Material (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible acquisition of property address (the Property ), and is not to be used for any other purpose or made available to any other party without the prior written consent of the Owner or Voit Real Estate Services ( Broker ). This Memorandum was prepared by the Broker based on information supplied by the Owner and the Broker. It contains selected information about the Property and the real estate market but does not contain all the information necessary to evaluate the acquisition of the Property. The financial projections contained herein (or in any other Evaluation Material, including any computer diskettes or files distributed to you via from Broker accessible online through Broker s website) are for general reference only. They are based on assumptions relating to the general economy and local market, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Evaluation Material is believed to be reliable, neither Broker nor Owner guarantees its accuracy or completeness. Because of the foregoing and since the Property will be sold on an As-Is, Where-Is basis, a prospective purchaser must make its own independent investigations, projections and conclusions regarding the acquisition of the Property without reliance on this Memorandum or any other Evaluation Material. Although additional Evaluation Material, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing progresses, prospective purchasers should seek advice from their own attorneys, accountants, and engineering and environmental experts. Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party at any time with or without written notice. Owner shall have no legal commitment or obligations to any prospective purchaser unless and until a written purchase and sale agreement has been fully executed, delivered and approved by Owner and any conditions to Owner s obligations therein have been satisfied or waived. Owner has retained Broker as its exclusive broker and will be responsible for any commission due to Broker in connection with a sale of the Property pursuant to a separate agreement. Broker is not authorized to make any representation or agreement on behalf of Owner. Each prospective purchaser will be responsible for any claims for commissions by any other broker in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker. This Memorandum is the property of the Owner and Broker and may be used only by parties approved by the Owner and Broker. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement W. ADAMS BLVD. 2

3 THE OFFERING Voit Real Estate Services, as exclusive advisor, is pleased to present for sale 1602 W. Adams Blvd., Los Angeles, California. A 2,070 square foot multi-tenant commercial property on a ±12,000 square foot parcel. Rentable Square Footage...±2,070 SF Parcel Size... ±12,000 SF Occupancy % Gross Income... $54,600 Asking Price... $1,550,000 The subject property consists of a vintage auto body shop occupied by two (2) tenants. Additional income is provided by a billboard sign and oil/gas mineral royalties. Subject is located on the south side of W. Adams Blvd. directly west of USC and Mount Saint Marys College. Nestled between Jefferson/Adams are the University Park neighborhoods of Los Angeles are a significant amount of enchanting craftsman style and residential neighborhoods. The growth of USC is a major contributor to area residential development. The present C1-1LV-O-HPO2 zoning and multi-family development potential provide the foundation for an intelligent investor to own and develop a unit residential development on the site W. ADAMS BLVD. 3

4 RENT ROLL Address Tenant Name Term SF Amount Year Unit A Alex Auto Body Mo-Mo ±900 $1,600 $19,200 Unit B Yes Auto Glass Mo-Mo ±900 $2,150 $25,800 Unit C Gallea Mo-Mo ±200 $650 $7,800 Sign Lamar Yearly N/A $50 $600 Gas/Oil Royalty Continual N/A $100 $1,200 Totals $4,550 $54,600 INCOME/EXPENSE Investor Gross Scheduled Income $54,600 Vacancy/Reserves 2% <$1,100> Total Income $53,500 Estimated Operating Expenses Property Taxes (1.19%+$600) <$19,045> Property Insurance <$1,000> Landscaping N/A Utilities Tenant Maintenance <$250> Total Expenses <$20,295> Net Operating Income $33, W. ADAMS BLVD. 4

5 PROPERTY DESCRIPTION Address County 1602 W. Adams Blvd Los Angeles APN Stories One (1) Building Size Number of Tenants Parcel Size Construction Type 2,070 SF Three (3) - Plus Billboard/Oil-Gas Royalty Income ±12,000 SF Wood Frame/ Stucco Fire Sprinklers No Parking Zoning On Site C1-1VL-O-HPO2 Year Built 1943 Gross Income $54,600 Per Year 1602 W. ADAMS BLVD. 5

6 SITE PLAN 1602 W. ADAMS BLVD. 6

7 REGIONAL & LOCAL MAP 101 SITE Metro Expo Line Downtown Los Angeles New developments underway 11,000 residential units 2,500 hotel rooms 2.8 MM Office 5 10 Metro Expo Line University of Southern California Sphere of Influence Arts District Los Angeles George Lucas Museum of Narrative Art/ Exposition Park LA Rams & LA Chargers Stadium in Inglewood 1602 W. ADAMS BLVD. 7

8 AERIAL 1602 W. ADAMS BLVD. 8

9 SALE COMPARABLES Address Date Sold Building SF Parcel SF Purchase Price Comments W. Adams 2/23/ ,453 $ PSF $ PSF Auto Repair W. Adams 5/25/17 4,130 13,939 $ PSF $ PSF Directly Across Street Zoned Multi-Family W. Adams 3/17/17 1,500 $ PSF Superior Image Site For New Gas Station W. Jefferson 12/30/16 13,223 $ PSF Multi-Family Site Western 11/16/16 16,058 N/A Multi-Family Site W. Jefferson 7/29/16 6,610 $ PSF Multi-Family Site Western 6/7/16 4,513 $ PSF Commercial Site 1602 W. ADAMS BLVD. 9

10 SALE COMPARABLES 8 Address 4337 W. Adams Date Sold Building SF Parcel SF Purchase Price Comments 3/31/16 20,972 $ PSF Superior Image Superior Location Multi-Family Site 9 *Subject* 1602 W. Adams N/A 12,000 $ PSF List Price $1,550, W. ADAMS BLVD. 10