Offering Memorandum. Sun Valley M2 Zoned Land Opportunity

Offering Memorandum Sun Valley M2 Zoned Land Opportunity

NON-ENDORSEMENT AND DISCLAIMER NOTICE Non-Endorsements Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. M2 ZONE SUN VALLEY LAND OPPORTUNITY Sun Valley, CA ACT ID Y0120655

SUN VALLEY M2 ZONED LAND OPPORTUNITY INVESTMENT OVERVIEW 3

M2 SUN ZONE VALLEY SUN M2 VALLEY ZONED LAND OPPORTUNITY EXECUTIVE SUMMARY OFFERING SUMMARY Price $2,300,000 Down Payment 100% / $2,300,000 Loan Amount $0 Loan Type All Cash Lot Size (SF) 56,383 Price/SF $40.79 Lot Size (Acres) 1.29 acre(s) Price/Acre $1,782,945 Allowable Buildable SF 84,574 Number of Lots 9 Price/Lot $255,556 Type of Ownership Fee Simple MAJOR EMPLOYERS OFFERING SUMMARY EMPLOYER # OF EMPLOYEES * Fire Dept-Station 98 3,000 Kaiser Permanente 3,000 Los Angeles Dept Wtr & Pwr 2,071 Diagnostic Labs & Rdlgy 1,500 Los Angeles Unified School Dst 1,414 Anthony International 1,275 Water & Power Dept 999 Penny Lane Centers 953 McDonalds 847 Target 777 US Post Office 718 Mission Community Hospital 700 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 11,577 193,532 622,907 2010 Census Pop 11,253 186,460 598,419 2016 Estimate HH 2,708 48,717 180,283 2010 Census HH 2,620 46,799 172,068 Median HH Income $43,562 $48,073 $46,832 Per Capita Income $14,298 $16,787 $19,213 Average HH Income $60,146 $66,042 $65,827 * # of Employees based on 5 mile radius 4 #

SUN VALLEY M2 ZONED LAND OPPORTUNITY OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap, as exclusive advisors is pleased to present approximately 1.29 Acres or 56,383-square feet of Vacant Land located in Sun Valley, CA. Subject Property is approximately 1.29 Acres (56,383-square feet) of vacant land zoned [T][Q]M2-1-CUGU, comprised of nine (9) parcels which allows for a plethora of permitted uses. Buyer to verify their intended use with City of Los Angeles. This unique opportunity is located on the Northeast Roadway of San Fernando Road. Boasting frontage along Sutter Avenue, Art Street, Wicks Street and Ralston Avenue. Allowing investor a plethora of ingress/ egress access for their contemplated use. The land is ideal for Manufacturing uses and development with numerous development options. Under the current Zone "M2" (Light Industrial) and General Plan Land Use Designation (Heavy Manufacturing), it is intended to permit Light Industrial development. Maximum floor area (FAR) in this district is 1.5 : 1. Buyer to verify with City of Los Angeles. INVESTMENT HIGHLIGHTS 1.29 Acres of Vacant Land Easy Access to Interstate 5 (Proximate to 170, 118, 405 & 210 Freeways) Sun Valley - La Tuna Canyon Community Plan Area Council District 6 - Nury Martinez Nine Legal Parcels # 5

SUN VALLEY M2 ZONED LAND OPPORTUNITY PROPERTY SUMMARY OFFERING SUMMARY THE OFFERING Property M2 Zone Sun Valley Land Opportunity Price $2,300,000 Property Address 9203 Ralston Avenue,Sun Valley,CA Assessors Parcel Number 2538-008- 008 009 011 014 015 016 017 020 021 Zoning [T][Q]M2-1 - CUGU General Plan Heavy Manufacturing Lot Size Dimensions SITE DESCRIPTION Lot Size (SF) 56,383 Price/SF $40.79 Lot Size (Acres) 1.2900 Price/Acre $1,782,945 Allowable Buildable SF 84,574 FAR 1.5 : 1 Number of Lots 9 Price/Lot $255,556 Type of Ownership Fee Simple 6

PROPERTY M2 SUN ZONE VALLEY SUN NAME M2 VALLEY ZONED LAND OPPORTUNITY PRICING AND LOCATION VALUATION TENANT SUMMARY OVERVIEW MATRIX 9203 Ralston Avenue, Sun Valley, CA 91352 # 7

PROPERTY M2 SUN ZONE VALLEY SUN NAME M2 VALLEY ZONED LAND OPPORTUNITY PRICING AND LOCATION VALUATION TENANT SUMMARY OVERVIEW MATRIX 9203 Ralston Avenue, Sun Valley, CA 91352 # 8

SUN VALLEY M2 ZONED LAND OPPORTUNITY REGIONAL MAP 9

SUN VALLEY M2 ZONED LAND OPPORTUNITY LOCAL MAP 10

SUN VALLEY M2 ZONED LAND OPPORTUNITY AERIAL PHOTO 11

SUN VALLEY M2 ZONED LAND OPPORTUNITY MARKET COMPARABLES 12

SUN VALLEY M2 ZONED LAND OPPORTUNITY 8 SALES COMPARABLES MAP M2 ZONE SUN VALLEY LAND OPPORTUNITY (SUBJECT) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 11738 Wicks Street 8874 Norris Ave 3003 Hollywood Way 5505 Cleon Avenue 123 W. Burbank Blvd 11257 Dora St 11128 Tuxford St 8588 Telfair Ave 6870 Troost Ave 18343 Napa St 21608 Nordhoff St 11153 Tuxford St 11115 Tuxford St 8786 Bradley Ave SALES COMPARABLES ON MARKET COMPARABLES 13

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY SALES COMPARABLES ON MARKET COMPARABLES SALES COMPS AVG ON MARKET COMPS AVG COMPARABLES Average Price Per Acre $5,000,000 $4,500,000 $4,000,000 $3,500,000 Avg. $3,329,997 $3,000,000 $2,500,000 Avg. $2,515,037 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 M2 Zone Sun Valley Land Opportunity 11738 Wicks Street 8874 Norris Ave 3003 Hollywood Way 5505 Cleon Avenue 123 W. Burbank Blvd 11257 Dora St 11128 Tuxford St 8588 Telfair Ave 6870 Troost Ave 18343 Napa St 21608 Nordhoff St 11153 Tuxford St 11115 Tuxford St 8786 Bradley Ave 14

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY MARKETING COMPARABLES TEAM SALES COMPARABLES ON MARKET COMPARABLES M2 ZONE 673 VISTA SUN ISLE VALLEY DRIVE LAND OPPORTUNITY 9203 673 RALSTON VISTA ISLE AVENUE, DRIVE, SUNRISE, VALLEY, FL, CA, 33325 91352 11738 WICKS STREET 11738 WICKS STREET, SUN VALLEY, CA, 91352 1 8874 NORRIS AVENUE 8874 NORRIS AVE, SUN VALLEY, CA, 91352 2 Asking Price $2,300,000 Down Payment $2,300,000 Price/SF $40.79 Lot Size (Acres) 1.29 acre(s) Price/Acre $1,782,945 Close of Escrow 8/18/2016 Sales Price $625,000 Zoning [T][Q]M2-1 Lot Size (SF) 15,428 Price/SF $40.53 Lot Size (Acres) 0.3540 Price/Acre $1,765,537 Close of Escrow 9/25/2015 Sales Price $750,000 Zoning M2-1 Price/SF $74.86 Lot Size (Acres) 0.2300 Price/Acre $3,260,870 15

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY MARKETING COMPARABLES TEAM SALES COMPARABLES ON MARKET COMPARABLES 3003 HOLLYWOOD WAY 3003 HOLLYWOOD WAY, BURBANK, CA, 91505 3 5505 CLEON AVENUE 5505 CLEON AVENUE, NORTH HOLLYWOOD, CA, 91601 4 123 WEST BURBANK BOULEVARD 123 W. BURBANK BLVD, BURBANK, CA, 91502 5 Close of Escrow 3/31/2016 Sales Price $1,400,000 Zoning M2 Price/SF $45.91 Lot Size (Acres) 0.700 Price/Acre $2,000,000 Close of Escrow 7/17/2015 Sales Price $750,000 Zoning MR2-1VL Price/SF $57.39 Lot Size (Acres) 0.3000 Price/Acre $2,500,000 Close of Escrow 12/31/2015 Sales Price $1,250,000 Zoning M2 Price/SF $69.99 Lot Size (Acres) 0.4100 Price/Acre $3,048,780 16

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY MARKETING COMPARABLES TEAM SALES COMPARABLES ON MARKET COMPARABLES 11257 DORA STREET 11257 DORA ST, SUN VALLEY, CA, 91352 6 11128 TUXFORD STREET 11128 TUXFORD ST, SUN VALLEY, CA, 91352 7 8588 TELFAIR AVENUE 8588 TELFAIR AVE, SUN VALLEY, CA, 91352 8 On Market List Price $620,000 Zoning [Q]M1-1 Lot Size (SF) 5,639 Price/SF $109.49 Lot Size (Acres) 0.1300 Price/Acre $4,769,231 On Market List Price $544,000 Zoning M2-1 Lot Size (SF) 6,107 Price/SF $89.20 Lot Size (Acres) 0.1400 Price/Acre $3,885,714 On Market List Price $815,000 Zoning [Q]MR1-1VL Lot Size (SF) 10,867 Price/SF $75.14 Lot Size (Acres) 0.2490 Price/Acre $3,273,092 17

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY MARKETING COMPARABLES TEAM SALES COMPARABLES ON MARKET COMPARABLES 6870 TROOST AVENUE 6870 TROOST AVE, NORTH HOLLYWOOD, CA, 91605 9 18343 NAPA STREET 18343 NAPA ST, NORTHRIDGE, CA, 91325 10 21608 NORDHOFF STREET 21608 NORDHOFF ST, CHATSWORTH, CA, 91311 11 On Market List Price $3,900,000 Zoning M1-1VL Lot Size (SF) 92,613 Price/SF $42.23 Lot Size (Acres) 2.1200 Price/Acre $1,839,623 On Market List Price $1,925,000 Zoning LA MR1- Lot Size (SF) 32,080 Price/SF $60.04 Lot Size (Acres) 0.7360 Price/Acre $2,615,489 On Market List Price $1,800,000 Zoning LA MR2-1 Lot Size (SF) 30,000 Price/SF $59.89 Lot Size (Acres) 0.6900 Price/Acre $2,608,696 18

SUN PROPERTY VALLEY NAME M2 ZONED LAND OPPORTUNITY MARKETING COMPARABLES TEAM SALES COMPARABLES ON MARKET COMPARABLES 11153 TUXFORD STREET 11153 TUXFORD ST, SUN VALLEY, CA, 91352 12 11115 TUXFORD STREET 11115 TUXFORD ST, SUN VALLEY, CA, 91352 13 8786 BRADLEY AVENUE 8786 BRADLEY AVE, SUN VALLEY, CA, 91352 14 On Market List Price $2,100,000 Zoning [T][Q]M3-1 Price/SF $94.53 Lot Size (Acres) 0.5100 Price/Acre $4,117,647 On Market List Price $975,000 Zoning M3 Lot Size (SF) 10,609 Price/SF $91.73 Lot Size (Acres) 0.2440 Price/Acre $3,995,902 On Market List Price $825,000 Zoning M1 Lot Size (SF) 12,550 Price/SF $65.76 Lot Size (Acres) 0.2880 Price/Acre $2,864,583 19

SUN VALLEY M2 ZONED LAND OPPORTUNITY MARKET OVERVIEW 20

SUN VALLEY M2 ZONED LAND OPPORTUNITY MARKET OVERVIEW SAN FERNANDO VALLEY Almost 2.5 million people reside in the San Fernando Valley, which includes the submarkets of Northridge-Northwest San Fernando Valley, Van Nuys-Northeast San Fernando Valley, Woodland Hills, Burbank-Glendale-Pasadena and Sherman Oaks-North Hollywood-Encino. The area s population is expected to increase by 1.9 percent through 2020, or by 47,400 new residents. Known for its entertainment industry, the Valley boasts more than 100 soundstages. Entertainment giants calling the Valley home include Walt Disney Co., Universal Studios, Warner Brothers, DreamWorks and Paramount Ranch. The entertainment industry continues to set the area s economic pulse. Local motion-picture and entertainment companies employ roughly 25,000 people. While the Valley has grown into the world s center for entertainment, aerospace giants Boeing and Northrop Grumman and 21st Century Insurance also generate numerous well-paying jobs. Healthcare is also a major source of employment with providers that include Kaiser Permanente and Providence Health & Services. As aresultofitslarge concentration of high-salaries and successful companies, the area s median household income of $61,600 per year has risen dramatically in recent years. Although the median home prices dipped during the recession, affordability remains a challenge for much of the local population. High home prices keep the homeownership rate at 50 percent in the San Fernando Valley and provide a large rental base. SHARE OF TOTAL EMPLOYMENT SAN FERNANDO VALLEY EMP.: 915,700 Services 46% Retail Trade 17% Manufacturing 9% Finance, Insurance & Real Estate 8% Public Administration 5% Transportation, Communications & Utilities 5% Construction 4% Unclassified 5% Sources: Marcus & Millichap Research Services; Experian MAJOR EMPLOYERS Warner Bros. Entertainment Inc. The Walt Disney Co. Kaiser Permanente UCLA Medical Center Yahoo! Inc. Providence Health & Services Boeing NBCUniversal 21 st Century Insurance Co. Northrop Grumman Corp. The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision. 21

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY Created on May 2017 POPULATION 1 Miles 3 Miles 5 Miles 2021 Projection Total Population 11,962 197,812 633,139 2016 Estimate Total Population 11,577 193,532 622,907 2010 Census Total Population 11,253 186,460 598,419 2000 Census Total Population 9,807 176,119 584,505 Daytime Population 2016 Estimate 14,877 169,805 549,248 HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2021 Projection Total Households 2,808 50,065 184,053 2016 Estimate Total Households 2,708 48,717 180,283 Average (Mean) Household Size 4.07 3.85 3.37 2010 Census Total Households 2,620 46,799 172,068 2000 Census Total Households 2,309 44,446 168,307 MARKETING DEMOGRAPHICS TEAM HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2016 Estimate $250,000 or More 1.05% 1.55% 1.78% $200,000 - $249,999 0.90% 1.10% 1.14% $150,000 - $199,999 2.31% 3.34% 3.45% $125,000 - $149,999 3.47% 4.08% 3.86% $100,000 - $124,999 7.48% 7.36% 7.01% $75,000 - $99,999 10.46% 12.19% 11.64% $50,000 - $74,999 19.56% 18.72% 18.44% $35,000 - $49,999 16.17% 14.61% 14.38% $25,000 - $34,999 13.64% 12.25% 12.04% $15,000 - $24,999 13.67% 12.79% 13.08% Under $15,000 11.28% 12.00% 13.19% Average Household Income $60,146 $66,042 $65,827 Median Household Income $43,562 $48,073 $46,832 Per Capita Income $14,298 $16,787 $19,213 Source: 2016 Experian 22

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY Created on May 2017 MARKETING DEMOGRAPHICS TEAM POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population by Age 0 to 4 Years 7.83% 7.33% 7.27% 5 to 14 Years 14.99% 14.03% 13.54% 15 to 17 Years 4.87% 4.55% 4.26% 18 to 19 Years 2.87% 2.81% 2.63% 20 to 24 Years 9.12% 8.59% 8.25% 25 to 29 Years 8.58% 8.75% 8.88% 30 to 34 Years 7.21% 7.53% 7.96% 35 to 39 Years 6.96% 6.90% 7.19% 40 to 49 Years 13.18% 13.25% 13.71% 50 to 59 Years 11.11% 12.04% 12.14% 60 to 64 Years 4.15% 4.48% 4.45% 65 to 69 Years 3.34% 3.36% 3.28% 70 to 74 Years 2.22% 2.36% 2.29% 75 to 79 Years 1.45% 1.63% 1.65% 80 to 84 Years 1.03% 1.17% 1.18% Age 85+ 1.07% 1.23% 1.33% Median Age 31.14 32.55 33.20 POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population 25+ by Education Level 2016 Estimate Population Age 25+ 6,983 121,351 399,053 Elementary (0-8) 22.93% 21.58% 17.03% Some High School (9-11) 12.52% 13.76% 12.51% High School Graduate (12) 23.55% 23.65% 23.33% Some College (13-15) 17.51% 16.44% 18.42% Associate Degree Only 5.71% 5.60% 5.98% Bachelors Degree Only 9.93% 10.45% 13.99% Graduate Degree 2.12% 3.50% 4.67% Source: 2016 Experian 23

PROPERTY SUN VALLEY NAME M2 ZONED LAND OPPORTUNITY MARKETING DEMOGRAPHICS TEAM Population In 2016, the population in your selected geography is 11,577. The population has changed by 18.05% since 2000. It is estimated that thepopulationinyourareawillbe11,962.00fiveyearsfromnow, which represents a change of 3.33% from the current year. The current population is 50.38% male and 49.62% female. The median age of the population in your area is 31.14, compare this to the US average which is 37.68. The population density in your area is 3,684.47 people per square mile. Race and Ethnicity The current year racial makeup of your selected area is as follows: 46.07% White, 2.36% Black, 0.13% Native American and 6.98% Asian/Pacific Islander. Compare these to US averages which are: 70.77% White, 12.80% Black, 0.19% Native American and 5.36% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 80.96% of the current year population in your selected area. Compare this to the US average of 17.65%. Households There are currently 2,708 households in your selected geography. The number of households has changed by 17.28% since 2000. It is estimated that the number of households in your area will be 2,808 five years from now, which represents a change of 3.69% from the current year. The average household size in your area is 4.07 persons. Housing The median housing value in your area was $395,443 in 2016, compare this to the US average of $187,181. In 2000, there were 1,320 owner occupied housing units in your area and there were 990 renter occupied housing units in your area. The median rent at the time was $563. Income In 2016, the median household income for your selected geography is $43,562, compare this to the US average which is currently $54,505. The median household income for your area has changed by 26.22% since 2000. It is estimated that the median household income in your area will be $51,676 five years from now, which represents a change of 18.63% from the current year. Employment In 2016, there are 9,479 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 41.05% of employees are employed in white-collar occupations in this geography, and 57.18% are employed in blue-collar occupations. In 2016, unemployment in this area is 11.79%. In 2000, the average time traveled to work was 30.00 minutes. The current year per capita income in your area is $14,298, compare this to the US average, which is $29,962. The current year average household income in your area is $60,146, compare this to the US average which is $78,425. Source: 2016 Experian 24

PROPERTY M2 SUN ZONE VALLEY SUN NAME M2 VALLEY ZONED LAND OPPORTUNITY TRAFFIC COUNT PRICING AND LOCATION VALUATION TENANT MARKETING SUMMARY OVERVIEW MATRIX PLAN YEAR COUNT 2011 23,150 2011 18,738 2009 14,859 Source: 2016 Experian 25#

PRESENTED BY Lonnie McDermott First Vice President Investments Senior Director, National Land Group Encino Office Tel: (818) 212-2745 Fax: (818) 212-2710 lonnie.mcdermott@marcusmillichap.com License: CA 01874375 www.marcusmillichap.com