DUNN & REGENT PALMS (LA), CALIFORNIA OFFERING MEMORANDUM

DUNN & REGENT PALMS (LA), CALIFORNIA OFFERING MEMORANDUM

DUNN & REGENT PALMS (LA), CALIFORNIA Presented by DARIO SVIDLER 310.500.3301 dario@pacunionla.com License 01884474 MORGAN McMULLIN 310.500.3905 morgan@pacunionla.com License 01716570 Pacific Union International does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built. Svidler License 01884474 McMullin License 01716570

TABLE OF CONTENTS 4 6 7 8 17 18 19 20... ABOUT THE TEAM... THE OFFERING... PROPERTY OVEVIEW... PROPERTY PHOTOS... PLAT MAP... FINANCIALS... RENT ROLLS... AREA/MARKET OVERVIEW 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 3

Dario Svidler Senior Vice President, Commercial Division License 01884474 I grew up with Real Estate all around me. My father, a Structural Engineer and practicing General Contractor, and my mother, an Architect, have been bringing me to their job sites since I was born. I have experienced all facets of the Construction and Real Estate Businesses, ranging from Commercial and Industrial to all types of Residential. As a Real Estate Salesperson, I have sold in excess of $200 million in Real Estate and am well on my way to doubling that number. My talent in finding Value-Add Properties have made me an indispensable asset to a select group of Clients and Investors looking to add higher-yielding properties to their portfolio. I am a member of the Real Estate and Construction Division of the Jewish Federation and an alumnus of the American Jewish University. Morgan McMullin Senior Vice President, Commercial Division License 01716570 Morgan McMullin, a commercial real estate veteran, has successfully brokered investment transactions in excess of $330 million over the past decade. Formerly a Vice President with Investment Real Estate Associates, Morgan joined Partners Trust Commercial in 2016. Specializing in the sale and acquisition of multifamily and commercial properties, he has helped his clients reach, and often exceed, their long-term and short-term investment objectives. Morgan values his client relationships, which leads him to successfully represent his clients interests and become their trusted investment advisor. Having brokered transactions through the boom and bust cycles, he has developed a deep working knowledge of the Los Angeles real estate marketplace. He has built his business and track record on superior market knowledge and an excellent work ethic while still holding himself to the highest standard of integrity. As an owner and manager of investment properties throughout Los Angeles, Morgan understands the nuances, concerns, and issues commonplace amongst investment property owners and investors. This hands-on approach keeps him current on market conditions, allowing him to achieve above market prices for his clients. Morgan lives in the Rancho Park neighborhood of West LA with his wife, Maryam and two kids, Nika and Kian. 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 4

A COMMITMENT TO YOU WHAT WE ARE. First, and foremost, Partners Trust is a Los Angeles-based real estate brokerage that leverages our global network, media savvy and command of the market to provide our clients with a discreet and peerless level of real estate services. We are a select group of the finest, principled and reputable agents in the market. We are distinguished in the marketplace by our emphatic sales volume, and reputed for our integrity, market intelligence and a genuine connection to our communities. We are proud of these accomplishments. We work diligently everyday to maintain them. This is what we are. WHO WE ARE. What a company is should be driven by who they are at the core and what they believe in that drives them to do what they do. In this regard, Partners Trust is a group of professionals that believe in the sanctity of real estate ownership and the inalienable right everyone has to own real estate. To support our beliefs, we create optimum conditions required to provide the deepest level of regard, respect, care, empathy, commitment and services possible to buyers, sellers, our associates and our competitors. We are people who care about the lives, the careers, the families, the financial securities and the peace of mind for everyone we touch. 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 5

THE OFFERING PALMS INVESTMENT OPPORTUNITY The subject property is two separate adjacent fourplexes on separate parcels in the heart of Palms (LA). Offering an investor existing income while entitling for development, or for an investor to hold as an existing 8 unit complex in a great, and improving location. Located on the corner of Dunn and Regent, just south of Palms Blvd and east of Motor, the property is prime for rental units or condominiums. The property is conveniently located near Downtown Culver City, the metro station, the 10 and 405 freeways, Cheviot Hills and Santa Monica. All of the west side is at your finger tips. Prime Palms Location 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 6 Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built. 6.05.17. Svidler CalBRE# 01884474 McMullin CalBRE# 01716570

PROPERTY OVERVIEW 3710 Dunn Drive & 9958 Regent Street, Palms (LA), CA PRICE $3,200,000 EXISTING UNITS 8 (Two Separate Fourplexes) CURRENT BUILDING SIZE 6,523 sq. ft. YEAR BUILT 1957 & 1948 PRICE/SQ. FT. $490.57 PRICE/UNIT $400,000 LOT SIZE 11,061 sq. ft. TOC Tier 3 ZONING R3 FRONTAGE 97 ft. (Regent) & 108.02 ft. (Dunn) NO. OF PARCELS 2 APNs 4313-006-040 & 4313-006-003 PROPERTY HIGHLIGHTS Prime Palms Location Hard Corner with the Expo Line (Palms Station) 0.4 Miles Away (8 Min Walk) Great Buy and Hold or Development Opportunity 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 7 Pacific Union International does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built. Svidler License 01884474 McMullin License 01716570

AERIAL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 8

AERIAL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 9

AERIAL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 10

AERIAL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 11

AERIAL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 12

AERIAL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 13

AERIAL DOWNTOWN CULVER CITY 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 14

AERIAL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 15

AERIAL PALMS STATION CENTURY CITY 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 16

PLAT MAP 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 17

FINANCIALS LOAN QUOTE AVAILABLE UPON REQUEST 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 18

RENT ROLL 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 19 Partners Trust Real Estate Brokerage & Acquisitions does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built. 6.05.17. Svidler CalBRE# 01884474 McMullin CalBRE# 01716570

AREA/MARKET OVERVIEW PALMS Palms (originally The Palms ) is a highly diverse, densely populated community in the Westside region of Los Angeles, California, founded in 1886 and the oldest neighborhood annexed to the city, in 1915. The 1886 tract was marketed as an agricultural and vacation community. Today it is a primarily residential area, with a large number of apartment buildings, ribbons of commercial zoning and a single-family residential area in its northwest corner. Palms has no official boundaries, but the Mapping L.A. reference guide of the Los Angeles Times measures it at 1.95 square miles and places it northwest of Culver City, south of Cheviot Hills and Beverlywood, southeast of Rancho Park, west of Mid-City and northeast of Mar Vista. The 1886 subdivision map filed with Los Angeles County showed Palms as bounded on the northeast by what would today be Manning Avenue. When Palms was annexed to the city of Los Angeles in 1915, the bounds extended westward from Arlington Avenue on the southeast and about Rimpau Boulevard and Wilshire Boulevard on the northeast to Pico and Exposition Boulevards on the northwest. West of Overland Avenue wasn t annexed until 1927. The portion of Palms girded by Overland, Sepulveda, National, and Charnock Road was developed just before World War II as Westside Village. The City of Los Angeles has posted official neighborhood signs for Westside Village, and it has its own neighborhood association: the Westside Village Homeowners Association. The housing stock in historic Palms is now almost completely composed of apartment buildings, and 92% of the population there are renters. In 2000, rentals in the entire Palms neighborhood amounted to 87% of occupied dwellings, compared to 13% of owner-occupied units. The upscale Westside Village district contains the only significant remaining concentration of owner-occupied single-family homes, largely constructed by developer Fritz Burns in assembly-line style just before World War II; most of these houses have been expanded during their lifetime, and some have been replaced in recent years by bigger, two-story dwellings. Apartment buildings, including two UCLA family- and graduate-student housing complexes, line even Westside Village s major thoroughfares. RAIL Palms is served by the Metro Expo Line, reactivating passenger service which had been in place from 1875 to 1953. Service restarted in 2012, with the western terminus located near the intersection of Venice and Robertson Boulevards. The line now travels through Palms once again on its way to Santa Monica, with the station at the intersection of National, Palms and Exposition Boulevards which opened on May 20, 2016. NEIGHBORHOOD AT A GLANCE POPULATION 45,475 LAND AREA 1.9 SQ. MI. AVG.HOUSEHOLD INCOME $50,684 EDUCATION BACHELOR 45.9% 3710 DUNN DRIVE & 9958 REGENT STREET PRESENTED BY DARIO SVIDLER & MORGAN McMULLIN 20

For further information contact: DARIO SVIDLER 310.500.3301 dario@pacunionla.com License 01884474 MORGAN McMULLIN 310.500.3905 morgan@pacunionla.com License 01716570 PACIFIC UNION INTERNATIONAL 9378 Wilshire Boulevard, Suite 200 Beverly Hills, CA 90212 Pacific Union International does not guarantee the accuracy of estimates, square footages, lot size, government approvals, construction concepts, construction plans, construction progress, inspections, investigations, reports or other information concerning the condition or features of the property or project provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of all information through personal inspection, with appropriately licensed professionals and city officials. All pro-formas, projections, assumptions, concepts, construction plans, studies, estimates, etc. are presented as a possible scenarios; buyer, their agents and everyone else associated with the purchase of this property to rely on their own pro-formas, projections, assumptions, investigations, consultations, estimates, etc. If images of construction projects are listed, they are just for illustrative purposes and not necessarily meant to be an actual depiction of what can be built. Svidler License 01884474 McMullin License 01716570