BRANDON MICHAELS GROUP SOUTHERN 'S PREMIER SALES TEAM

GARDENA AVENUE 1,332 SF SFR/Retail Owner-User or Value-Add Excellent Glendale GLENDALE, CA 91204 Mixed-Use Opportunity Location INVESTMENT ADVISORS BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685 www.BrandonMichaelsGroup.com TEAM MEMBERS Sean Brandt Ben Brownstein Nicole Cottrell Andrew Leff Matthew Norona Lauren Sackler Steven Schechter Austin Sreden

CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party re- ceiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified infor- mation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for aw thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminat- ing substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the finan- cial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we be- lieve to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Mar- cus & Millichap. All rights reserved. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The pres- TABLE OF CONTENTS ence 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 pur- pose 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 DE- TAILS. SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as 1 2 3 intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised PROPERTY OVERVIEW FINANCIAL ANALYSIS AREA OVERVIEW to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.) 2 3 PROPERTY OVERVIEW DOWNTOWN

GLASSELL PARK RIBET ACADEMY

A 1,332 square foot mixed use property ideally located in Glendale, a centrally located city inundated with a multitude of industries and retail amenities. ATWATER CERRITOS VILLAGE ELEMENTARY SCHOOL The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 1514 Gardena Ave, a mixed-use property comprised of one 600 square foot house and one 732 square foot commercial unit located on 3,225 square feet of land. The property is located on Gardena Avenue S BRAND BLVD between South Central Avenue, and West Los Feliz Road, within close proximity to Downtown Glendale.

The property is unique in that it is comprised of both a one bedroom, one-bathroom house and commercial unit, and is well located within a sub-market that accommodates both. The property is withing walking distance to several national retailers including Costco, Best Buy, and Starbucks, and is also a short distance from a number of companies involved in industries such as healthcare, entertainment, and automotive.

1514 Gardena Avenue is currently 55% vacant, creating a unique opportunity for an owner-user buyer to occupy a portion of the property, or allowing a value-add SAN FERNANDO RD investor to re-position a centrally located property with easy accessibility to Los Angeles, as well as the San Fernando and San Gabriel Valleys.

1514 Gardena Avenue is ideally located less than one and a half miles from The and , which combined feature over 2.5 million square feet of retail amenities. Glendale has been known as a major production center for entertainment and animation since the Walt Disney Company moved to GARDENA AVENUE Glendale in the 1960s. GLENDALE, CA 91204 S CENTRAL AVE GARDENA AVE

RETAIL/SFR 1,332 SF 3,225 SF 55% GLM2* MIXED-USE BUILDING BUILDING SF LAND SF CURRENT VACANCY ZONING

6 | 1514 Gardena Avenue, Glendale, CA 91204 1514 Gardena Avenue, Glendale, CA 91204 | 7 Excellent Glendale Location • Ideally located within 3 miles of downtown Glendale • Located less than 2 miles from The Americana at Brand and Glendale Galleria • Home to major entertainment industry companies such as Disney and DOWNTOWN DreamWorks GLENDALE • Surrounded by freeways, which contributes to the ease of transportation Ideal Location for a Mixed-Use Property • Walking distance from retail amenities such as Costco, Best Buy, Starbucks and GLENDALE MEMORIAL CVS HOSPITAL AND HEALTH CENTER • Surrounded by various industries including healthcare, automotive and SAN FERNANDO RD entertainment S CENTRAL AVE Owner-User or Value-Add Opportunity CAMDEN GLENDALE • The commercial unit is vacant, creating a unique opportunity for an owner-user APARTMENTS buyer to occupy the property THE GRIFFITH APARTMENTS • Immediate upside available through stabilization Strong Demographics and Population Density • Over 35,000 people within one mile and over 838,000 people within 5 miles of the subject property • Over 313,000 households located within 5 miles of the property W LOS FELIZ RD • Average Income of $73,460 within one mile and over $92,000 within three miles of the subject property • Median household income of $53,303 within one mile and over $68,000 within 3 miles of the subject property

GARDENA AVENUE Sub-Market Saturated with Industry & Retail Amenities GLENDALE, CA 91204 • Close proximity to The Americana At Brand and the Glendale Galleria • Local retailers include: Costco, Starbucks, , Target, Pandora, Banana Republic, Sprinkles, In-N-Out Burger, Warby Parker, Dick’s Sporting Goods, JC

GARDENA AVE Penney, HomeGoods • Local restaurants include: Starbucks, Sizzler, Gengis Khan, Katsuya, Laduree, Le Pain Quotidien, Lemonade, The Cheesecake Factory, Trattoria Amici, Eggslut S CENTRAL AVE • Major employers include: ABC Mouse, Disney Consumer Products, DreamWorks Studios, Walt Disney Animation Studios, TechniColor, ServiceTitan

8 1514 Gardena Avenue, Glendale, CA 91204 | 9 THE GRIFFITH APARTMENTS

Glendale is known as a central location for the employment base of Los Angeles, as well as the San Fernando and San Gabriel Valleys. The city is home to over 2.5 million square feet of retail amenities within just two of it’s malls.

LOS FELIZ BLVD 1514 Gardena Avenue is located within Glendale, the fourth largest city in Los Angeles County, and the 23rd largest city in California. Glendale is known for it’s central location which is proximate to Los Angeles City, and the San Fernando and San Gabriel Valleys, making it a prime location for commuters. Glendale is surrounded by freeways which enhances ease of transportation, it is framed by the Foothill Freeway (210), Golden State (5), Ventura (134), and Glendale (2) freeways. It is located in RAILROAD ST the southeastern portion of the , and is bordered by Sun Valley, Burbank, Eagle Rock, and Atwater Village.

Glendale has a rich history in entertainment, having served as a home base to big names in animation such as Disney and DreamWorks. The Walt Disney Company moved to Glendale in the 1960’s, and later formed Disney’s Grand Central Creative Campus. DreamWorks Animation was formed in the mid-1990s, and remains located

GARDENA AVENUE in the Grand Central Business Center. GLENDALE, CA 91204 Glendale is home to two significant malls: The Americana At Brand, and the Glendale Galleria. The Americana at Brand is home to eighty-two retail stores, and 242 residential units. The Glendale Galleria is comprised of 1.6 million square feet of retail space, and is the fourth largest mall in Los Angeles County. The two malls receive significant attention and act as a premiere tourist attraction, drawing visitors to the city. S CENTRAL AVE

The property benefits from excellent demographics within the immediate sub-market, with over 838,000 people located within 5 miles of the property. There are over GARDENA AVE 313,000 households within 5 miles of the property, and median household income ranges from $53,000 to $68,000 within several miles of the property.

THE AMERICANA AT DOWNTOWN BRAND GLENDALE GALLERIA GRIFFITH PARK HOLLYWOOD LOS ANGELES 1.3 MILES 1.5 MILES 1.7 MILES 5.6 MILES 8.2 MILES

10 | 1514 Gardena Avenue, Glendale, CA 91204 1514 Gardena Avenue, Glendale, CA 91204 | 11 PROPERTY HIGHLIGHTS

PRICE BUILDING SF PRICE/SF $3,250,000$700,000 1,7931,332 SFSF $6.13$526

PROPERTY TYPE LAND SF VACANCY 3.75%Mixed-use 12,0913,225 SF SF 1555% Years

1514 Gardena Avenue ADDRESS Glendale, CA 91204 PRICE: $700,000 BUILDING SF: 1,332 SF LAND SF: 3,225 SF PRICE/SF (BUILDING): $526 PRICE/SF (LAND): $217 CURRENT VACANCY: 55% CURRENT CAP RATE: 0.98% PRO FORMA CAP RATE: 4.49% APN NUMBER: 5640-022-022 GARDENA AVE ZONING: GLM2* PROPERTY TYPE: Retail/Single Family Residential

12 | 1514 Gardena Avenue, Glendale, CA 91204 1514 Gardena Avenue, Glendale, CA 91204 | 13 PROPERTY DETAILS S CENTRAL AVE

SITE LOCATION

The subject property is located near the intersection of Gardena Avenue and W Los Feliz Road.

SQUARE FOOTAGES ZONING The total building square footage is 1,332 SF. The total land square footage is 3,225 SF. GLM2* GARDENA AVE YEAR BUILT

The property was built in 1920.

WALK SCORE

The subject property has a walk score of 83/100 (very walkable). PARKING RATIO 1.50 per 1000 SF PARKING

2 surface parking spaces are available. The parking ratio is 1.50 per 1,000 SF.

ZONING The zoning is GLM2*.

APN NUMBER WALK SCORE The APN number is 5640-022-022. 83/100

14 | 1514 Gardena Avenue, Glendale, CA 91204 1514 Gardena Avenue, Glendale, CA 91204 | 15 FINANCIAL ANALYSIS FINANCIAL ANALYSIS

RENT ROLL PRICING

TENANT SF SF % RENT RENT/SF PRO FORMA RENT/SF PRO FOMRA RENT

House 600 45% $1,600.00 $2.67 $3.17 $1,900.00 1514 Gardena Avenue Address: Commercial 732 55% $2.39 $1,750.00 Glendale, CA 91204 TOTAL 1,332 100% $1,600.00 $3,650.00 Price: $700,000

Building SF: 1,332 SF ANNUALIZED OPERATING DATA Price/SF (Building): $526 Land SF: 3,225 SF INCOME AND EXPENSE CURRENT PRO FORMA INCOME AND EXPENSE PER YEAR PER SF Price/SF (Land): $217 Scheduled Lease Income $19,200 $43,800 Taxes @ 1.25% $8,750 $6.57

Effective Gross Income $19,200 $43,800 Insurances $649 $0.49 Current CAP Rate: 0.98%

Expenses $12,351 $12,351 Trash $1,200 $0.90 Pro Forma CAP Rate: 4.49% Net Operating Income $6,849 $31,449 Electric $1,752 $1.32 TOTAL $12,351 $9.27 / $0.77

18 | 1514 Gardena Avenue, Glendale, CA 91204 1514 Gardena Avenue, Glendale, CA 91204 | 19 AREA OVERVIEW AREA OVERVIEW

GLENDALE, CA Shopping

Glendale is a city in Los Angeles County, California, United States. As of the • GLENDALE GALLERIA 2010 census it had a population of 191,719, and in 2018 the population was Opened in 1976, with 1.6 million square feet of retail space, it is the fourth estimated at 201,361, making it the fourth-largest city in Los Angeles County largest mall in Los Angeles County after Westfield Topanga, Lakewood and the 23rd-largest city in California. It is located about 10 miles (16 km) Center and . north of downtown Los Angeles. • THE AMERICANA AT BRAND The Americana at Brand’s eighty-two retail shops include Barneys New Glendale lies in the southeastern end of the San Fernando Valley, bisected York, Nordstrom, XXI Forever, and David Yurman; its restaurants include by the Verdugo Mountains, and is a suburb in the Los Angeles metropolitan Din Tai Fung, Bourbon Steak by Michael Mina, and Katsuya; the complex area. The city is bordered to the northwest by the Sun Valley and Tujunga comprises one hundred condominiums and 242 luxury apartments. neighborhoods of Los Angeles; to the northeast by La Cañada Flintridge and the unincorporated area of La Crescenta; to the west by Burbank and Griffith • Park; to the east by Eagle Rock and Pasadena; to the south by the Atwater Anchored by Ross, TJ Maxx, Nordstrom Rack, Staples, and Petco, it is a Village neighborhood of Los Angeles; and to the southeast by Glassell Park casual retail complex housing around 20 businesses from clothing shops neighborhood of Los Angeles. The Golden State, Ventura, Glendale, and to restaurants. Foothill freeways run through the city.

4TH LARGEST 23RD LARGEST 199,750 in Los Angeles County in California Population in 2017

22 | 1514 Gardena Avenue, Glendale, CA 91204 1514 Gardena Avenue, Glendale, CA 91204 | 23 DEMOGRAPHICS DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

2020 Total Population: 34,700 268,432 838,854

199,750 Pop Growth 2020-2025: 0.02% 0.22% 0.46%

Total Population of Glendale, CA. The median age is 41.2. $92,833 838,854 Average Age: 40.00 40.70 39.00 Average HH income within 3-m radius Population within 5-m radius 2020 Total Households: 12,590 104,222 313,253 Male Female 50% 50% Avg Household Size: 2.70 2.50 2.60 EDUCATION 2020 Owner Occupied Households: 2,761 33,294 81,055

2020 Renter Occupied Households: 9,829 70,928 232,198

2020 HOUSEHOLDS BY HOUSEHOLD INCOME

<$25,000 3,380 21,916 75,297 81,055 232,198 $25,000 - $50,000 2,635 18,509 65,598 10.5% 20.3% 26.9% 39.4% Owner Occupied Households Renter Occupied Households $50,000 - $75,000 1,836 15,958 51,106 Less Than High School High School or GED Some College or Bachelor’s Degree or Higher within 5-m radius within 5-m radius Associates Degree $75,000 - $100,000 1,830 13,135 35,093 $100,000 - $125,000 1,034 10,911 26,721

$125,000 - $150,000 713 6,393 16,017

$150,000 - $200,000 511 7,189 17,946

$200,000+ 650 10,209 25,476

2020 Median Household Income $53,303 $68,045 $57,413

$68,045 36,650 2020 Average Household Income $73,460 $92,833 $82,955 Median HH income within 3-m radius Businesses within a 5-m radius

24 | 1514 Gardena Avenue, Glendale, CA 91204 1514 Gardena Avenue, Glendale, CA 91204 | 25 BRANDON MICHAELS GROUP 'S PREMIER SALES TEAM

BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Ben Brownstein Tel: (818) 212-2794 Nicole Cottrell Fax: (818) 212-2710 Andrew Leff Matthew Norona GARDENA AVENUE [email protected] Lauren Sackler GLENDALE, CA 91204 License: CA #01434685 Steven Schechter www.BrandonMichaelsGroup.com Austin Sreden