SUNSET CANYONSANTA YNEZ LAKE 17030 W SUNSET BOULEVARD the Property Has 180º Ocean and “Queen’S Necklace” Views

PRESTIGIOUS DEVELOPMENT SITE: UP TO 73 RESIDENTIAL UNITS | PACIFIC PALISADES, CALIFORNIA

DOWNTOWN LOS ANGELES CENTURY CITY MARINA DEL REY WESTWOOD 10 VENICE 405 SANTA MONICA BRENTWOOD

SANTA MONICA PIER

PACIFIC OCEAN

P P

A A

C C

I F IC C O A S PACIFIC PALISADES T H IG H W A Y

W SU N SE 17030 T B W SUNSET BLVD. L site is located approximately

V D

D 400 feet from the shoreline

conceptual rendering BIDS ARE DUE: FRIDAY, JUNE 25, 2021 BY 5PM PRICE: $10,595,000 SUNSET CANYONSANTA YNEZ LAKE 17030 W SUNSET BOULEVARD www.SunsetCanyon-cbre.com The property has 180º ocean and “queen’s necklace” views.

TOPANGA

MALIBU

MALIBU PIER

PACIFIC OCEAN

PACIFIC PALISADES

A C

I F I C C 17030 O A W SUNSET BLVD. S T H IG H W A Y

W S UNSE T BLV D

site is located approximately 400 feet from the shoreline

PACIFIC PALISADES

SANTA YNEZ LAKE 17030 W SUNSET BLVD.

V D W SUNSE T BL

AY H W IG H T S A O C IC IF C A PACIFIC OCEAN P site is located approximately 400 feet from the shoreline conceptual rendering SITE

PEPPERDINE UNIVERSITY

PACIFIC OCEAN PALISADES SHOPPING VILLAGE

RIVIERA COUNTRY CLUB

SITE

WILL ROGERS BEACH

PACIFIC OCEAN EXECUTIVE TABLE OF 01 SUMMARY

CONTENTS PROPERTY 02 DESCRIPTION

CONCEPTUAL 03 DEVELOPMENT

LAURIE LUSTIG-BOWER Executive Vice President AREA Lic. 00979360 OVERVIEW +1 310 550 2556 04 [email protected]

KAMRAN PAYDAR MARKET First Vice President OVERVIEW Lic. 01242590 05 T +1 310 550 2529 [email protected] EXECUTIVE SUMMARY CBRE, Inc. is pleased to present for sale 17030 W. Sunset Boulevard, a premier Boasting an irreplaceable Southern California surf- development opportunity for up to 73 luxury multifamily residential units located in the and-sun location, the property sits just ±400 feet from upscale Pacific Palisades neighborhood of coastal Los Angeles, California. the Pacific Ocean and is situated with approximately 99 feet of frontage along iconic Sunset Boulevard.

The site is located in one of the most desirable residential communities in the Western United States, abounds with stunning natural beauty, and is surrounded by some of the nation’s most appealing demographics with a highly educated population within a 3-mile radius earning projected 2024 average household incomes of $257,691.

Pacific Palisades is known as the spot “Where the Mountains Meet the Sea” and is internationally popular among tourists. Visitors come throughout the year to enjoy the famed Getty Villa Museum, legendary Will Rogers Polo Club and State Park, the beautiful weather, and breathtaking coastline.

17030 W SUNSET BLVD. Bids are due Friday, June 25, 2021 BY 5PM Price: $10,595,000

For additional information please visit www.SunsetCanyon-cbre.com

OPPORTUNITY HIGHLIGHTS

• Irreplaceable coastal Los Angeles property • Local restaurants and shops include: Mastro’s Ocean Club, Il Ristorante Di Giorgio Baldi, Gladstones and Gelson’s Market. • Exceptional Pacific Palisades location O Site is located approximately 400 feet from the shore line. • Proximate to Santa Monica, Brentwood, Marina del Rey, Malibu O Approximately 99 feet of frontage on iconic Sunset Boulevard

O Breathtaking natural beauty • Short drive to Santa Monica O Famed Pacific Coast Highway O Silicon Beach tech employers

O Abundance of restaurants, retailers, hotels • Located near Caruso’s Palisades Village retail and entertainment venues including Third center. This Pacific Palisades walkable town Street Promenade

center features uniquely curated boutiques, O Santa Monica Pier food experiences, a grocer, central park space, and a movie theater. • Convenient access to West LA and South Bay office employment • Opportunity for value creation through entitlements • Minutes away to Malibu’s coastline destinations • Strong market demand for luxury residential product DEMOGRAPHIC HIGHLIGHTS 3-MILE RADIUS

$257,691 $2,000,000 78.5% 2024 Projected Average 2019 Average Household Have a Bachelor’s, Master’s, Household Income Unit Value Professional, or Doctoral Degree PROPERTY DESCRIPTION Address 17030 W. Sunset Boulevard Pacific Palisades, California 90272

Submarket Brentwood-Pacific Palisades

Assessor Parcel Number 4415-020-008

Estimated Lot Area 42,539 square feet, 0.98 Acres

Current Zoning [Q] R3-1

Entitled No

Ownership Interest Fee Simple

Council District Council District 11, Councilmember Mike Bonin

Approximately 99 feet of frontage on Sunset Boulevard. Site is located approximately 400 feet from the shore line. 17030 Sunset Blvd. Overview of Development Potential*

Zoning [Q}R3-1

DEVELOPMENT POTENTIAL (BY-RIGHT) DEVELOPMENT POTENTIAL (WITH TRANSIT ORIENTED COMMUNITY OR DENSITY BONUS)

Maximum FAR 3:1 Maximum FAR 4.05:1

Maximum Height 45 Feet Maximum Height 56 Feet

Max Buildable Area, Footprint 35,467 Feet Max Buildable Area, Footprint 35,991 Feet

Max Buildable Area, Envelope 106,401 Feet Max Buildable Area, Envelope 143,641 Feet

Max Dwelling Units 53 Max Dwelling Units 73

Affordable Units Required None At least 11% for Very Low Income, 20% for Low Income, Affordable Units Required or 30% for Moderate Income (For Sale)

JURISDICTIONAL

Land Use Medium Residential

Area Planning Commission West Los Angeles

Community Planning Area Brentwood-Pacific Palisades

conceptual rendering

Notes Per ORD-170768, Site is subject to alternative height, setback, and parking requirements. Development Plans on this property will be subject to review by the California Coastal Commission. Property is subject to the City of Los Angeles Baseline Hillside Ordinance, which could limit the development potential of the site. *Source: Brick+Work

The full Brick+Work report and Q Condition exhibit are posted in the data room via www.SunsetCanyon-cbre.com CONCEPTUAL DEVELOPMENT Conceptual Development

The Canyon Trail

The design can be described as a mass that ruptures in reaction to urban, climate, views and environmental considerations. This rupture simultaneously activates public programs and creates a circulation path.

The canyon trail behaves as a fluid and continuous circulation path that stimulates perception through light, material, nature and differentiated spaces that expand and contract according to their use. Public spaces are organized sequentially through it, starting with the foyer, moving through the walking trail and “rice fields”, and culminating in the “water creek”. Along the way look-out points and rest areas offer views of the Pacific Ocean and the Santa Monica Mountains.

The canyon trail increases the energy efficiency of the proposal by allowing higher sun exposure and natural ventilation which in turn reduce the use of fossil fuel energy sources for heating and cooling. Conceptual Development

Proposed Building Mass

Fragmented volumes relate to the existing neighborhood scale Conceptual Development

Profile Conceptual Development

CONCEPTUAL PROJECT DATA

Development of a multi-unit apartment building

Address: 17030 W. Sunset Blvd. Los Angeles, CA 90272

Site area: 42,500 SF Building foot print: 50% Greenscape: 50% Number of units: 49 Less than 75% of what is allowable as per building code Conceptual Development

Unit Configurations

UNIT TYPE A UNIT TYPE B UNIT TYPE C Conceptual Development

Concept Diagrams

PROPOSED GREENSPACE SUNSET CANYON TRAIL ROOFTOP GARDEN Fragmented volume creates Acts as a pedestrian circulation path Increases greenscape, collects a balanced ratio between as well as storm water run off collector energy through PV cells and greenscape and built area (used for greenscape irrigation) reduces solar heat gain Conceptual Development

Concept Diagrams

NATURAL VENTILATION BRISE SOLEIL INCREASED NATURAL DAYLIGHT Reduces reliance on fossil fuels Overhangs shade the South facing Separated building masses increase and provides an energy source of glass from direct sun exposure the number of facades that receive heating and cooling therefore reducing heat gain natural daylight and therefore decrease energy use Conceptual Development

Concept Diagrams

OCEAN VIEWS ENVIRONMENTAL DESIGN NO VARIANCES Separate building masses Geothermal cooling/ With this configuration the project create ocean view corridors heating radiant slab requires no variances and is targeted at LEED silver Conceptual Development

Light Analysis

Apartments with high light exposure 24 Apartments with medium light exposure 12 Apartments with low light exposure 13 AREA OVERVIEW Pacific Palisades

Pacific Palisades is a coastal neighborhood and district within the City of Los Angeles, located among Brentwood to the east, Malibu to the west, Santa Monica to the southeast, and the Santa Monica Mountains to the north. Pacific Palisades is tucked in the slope of the Santa Monica Mountains and is home to approximately 24,333 residents. Pacific Palisades is an extremely affluent and primarily residential community with a mixture of large private homes and average household income exceeding $250,000. The Pacific Palisades is known as the place “Where the Mountains Meet the Sea” and is home to many Hollywood celebrities and high-profile industry people. Several TV shows and movies have also been filmed in Pacific Palisades over the years including Baywatch and most recently, Project X. PROXIMITY TO 17030 SUNSET, PACIFIC PALISADES MALIBU: 20 minutes BEVERLY HILLS: 30 minutes SANTA MONICA: 10 minutes SHERMAN OAKS: 30 minutes BRENTWOOD: 14 minutes DOWNTOWN LOS ANGELES: MARINA DEL REY: 24 minutes 30 minutes

Pacific Palisades benefits from a highly educated population where more than 75 percent of working-age adults have a bachelor’s degree or higher. The City is broken down into specific areas such as The Alphabet Streets also known as “North Village”, are north of Sunset Blvd. and are characterized by narrow streets. The south section of Pacific Palisades includes The Riviera Country Club and Huntington Palisades which are affluent suburbs. Pacific Palisades is home to The Riviera Country Club exclusive championship golf course. The annual Professional Golfers’ Association competition held at The Riviera was first played in 1926 as the “Los Angeles Open” and has hosted many of the world’s most winning golfers including Jack Nicklaus, Arnold Palmer and Tiger Woods.

Also located in Pacific Palisades is the world-famous Getty Villa Museum. The Getty Villa is one of two locations of the J. Paul Getty Museum and is a well-known Pacific Palisades landmark. The Villa collection features 44,000 Greek, Roman and Etruscan antiquities; the campus includes beautiful gardens and an outdoor dining venue. Pacific Palisades Amenities

PALISADES VILLAGE Located a short drive from 17030 W. Sunset Blvd. is Caruso’s Palisades Village. Opened in September 2018, Palisades Village features 40+ curated boutiques and eateries.

• Walkable town center oriented around a main street.

• Cinépolis Luxury Cinema

• Specialty grocer

• Central park space

• Outdoor dining

• Unique retailers

Source: http://caruso.com/our-portfolio/palisades-village/ 6 7 11 10 8 12 4 9 5 13

3 1 2

17030 W SUNSET BLVD 9 TAJ PALACE INDIAN CUISINE 15200 W Sunset Blvd

1 MASTRO’S OCEAN CLUB 10 KAYNDAVES CANTINA 18412 Pacific Coach Hwy 15246 W Sunset Blvd

2 GLADSTONES 11 Cinque Terre WEST Osteria 15 17300 Pacific Coast Hwy 970 Monument St 14 3 ROCCO’S CUCINA 12 MODO MIO CUCINA RUSTICA 17332 W Sunset Blvd 15200 W Sunset Blvd 16

4 K BAKERY, EATERY 13 PALISADES GARDEN CAFÉ + BAKESHOP 15231 La Cruz Drive 548 Palisades Dr 14 MASON 5 MOKU SUSHI 108 W Channel Rd 526 Palisades Drive 15 II RISTORANTE DI 6 CASA NOSTRA TRATTORIA GIORGIO BALDI PACIFIC OCEAN 15306 W Sunset Blvd 114 W Channel Rd

7 CAFÉ VIDA 16 TALLULA’S 15317 Antioch St 118 Entrada Dr

8 BEECH STREET CAFE 863 Swarthmore Ave Santa Monica

Santa Monica is a walkable and bike-friendly town, so it is easy to get around and experience the shops, restaurants, at trac¬tions like the Santa Monica Pier, Third Street Promenade, and more. The Santa Monica Pier and Ocean Avenue area include open-air restaurants, palm lined walkways, and hotels with seaside charm and costal sophistication. The 111-year old Santa Monica Pier, features the world’s only solar-powered Ferris Wheel. Vendors include: The Albright, Seaside On The Pier, Marisol Cocina Mexicana, and Pier Burger, as well as various food and shopping carts.

The downtown & 3rd Street Promenade neighborhood of Santa Monica are located just a few blocks east of the Pier. Santa Monica’s downtown hub is a destination for shoppers looking for everything from designer duds and home décor to artisan coffee and handcrafted chocolate. The area also features the famous open-air, pedestrian-only 3rd Street Promenade, home to dozens of retailers, some of the city’s best people watching, and lively events like outdoor movie screenings. Neighbor¬hood landmarks include the historic Georgian Hotel and the Fairmont Miramar Hotel & Bungalows. Beaches, Parks, and Area Attractions

GETTY VILLA The Getty Villa is one of two locations of the J. Paul Getty Museum. Located at the east end of the Malibu coast in the Pacific Palisades neighborhood, the Getty Villa is an educational center and museum dedicated to the study of the arts and cultures of ancient Greece, Rome, and Etruria. The collection has 44,000 Greek, Roman, and Etruscan antiquities dating from 6,500 BC to 400 AD.

Nearby Parks and Beaches include:

• Palisades Park

• Will Rogers State Beach and Historic Park

• Topanga State Park

• Zuma Beach

• Malibu Creek State Park

SANTA MONICA – the heart of Silicon Beach - along with Los Angeles, is a magnet for entrepreneurs and is a flourishing breeding ground for technology, gaming and media innovation. According to Costar, the City estimates that creative and tech companies employ more than 25,000 people in the submarket, with an annual payroll of around $3.5 billion. The desirable location and vibrant cultural and entertainment scene are effective recruiting tools for companies looking to land top talent. This is also one of the hottest retail and shopping destinations in all of Los Angeles, if not the country.

LOS ANGELES’ SILICON BEACH (named after its proximity to the Pacific Ocean) is proving to be an at tractive option for startups. Silicon Beach is home to more than 500 tech startups along with incubators and accelerators. Greater Los Angeles accelerators include Startup UCLA, Amplify, and Disney Accelerator, in addition to incubators, tech studios, and hacker spaces.

As more and more people pursue a mobile, on-demand lifestyle, there has been an explosion of digital video content. Globally, hundreds of millions of people watch billions of online videos daily, and online videos account for almost 75 percent of all web traffic. This puts Los Angeles at the right place at the right time due to its proximity to the largest pool of media talent in the world: Hollywood. Companies are capitalizing on the city’s unique position. NEARBY MAJOR EMPLOYERSNEARBY MAJOR WESTWOOD & BEVERLY HILLS

SITE

SANTA MONICA & BRENTWOOD

CULVER CITY

PLAYA VISTA - SILICON BEACH MARKET OVERVIEW Lease Comparables Criteria: Units located within 90272, 1-4 BR, $4.50/SF or more, unfurnished, leased from April 2019 - April 2021 Source: MLS, sorted by price per square foot

PROPERTY ADDRESS BR BA SF LEASE RATE $/SF BUILT LEASED DATE MLS 568 Radcliffe Ave 3 3 956 $6,700 $7.01 1941 7/21/2020 20-601138 844 Toyopa Dr 3 2 2,185 $14,500 $6.64 1941 3/12/2020 20-551478 300 Lombard Ave 2 2 1,184 $7,700 $6.50 1951 9/27/2019 19-508060 14505 W Sunset Blvd 2 2 1,120 $7,250 $6.47 1950 8/26/2019 21-720902 332 Swarthmore Ave 3 2 1,946 $12,000 $6.17 1947 4/23/2021 20-571630 1161 Fiske St 3 2 1,467 $8,850 $6.03 1963 6/26/2020 SB19178396MR 645 Alma Real Dr 4 3 2,367 $14,000 $5.91 1950 1/4/2021 19-514790 14730 MckENDREE Ave 2 3 1,100 $6,500 $5.91 2019 10/30/2019 20-584378 613 Swarthmore Ave 3 2 1,251 $7,200 $5.76 1948 6/19/2020 20-582472 1047 Galloway St 3 1 1,316 $7,500 $5.70 1926 6/3/2020 19-510148 1047 Galloway St 3 1 1,316 $7,500 $5.70 1926 9/24/2019 19-510148 1067 Corsica Dr 4 5 3,739 $21,000 $5.62 1941 5/23/2019 19-461656 930 Embury St 3 3 1,488 $8,300 $5.58 1929 5/10/2019 21-693630 17350 W Sunset Blvd #704C 1 1 684 $3,800 $5.56 1963 4/17/2021 21-683736 1067 Corsica Dr 4 5 3,739 $20,500 $5.48 1941 3/3/2021 19-461656 831 Alma Real Dr 4 3 2,836 $15,500 $5.47 1950 6/13/2019 20-616018 17351 W Sunset Blvd #5C 2 3 1,580 $8,600 $5.44 - 8/27/2020 19-517276 1067 Las Pulgas Rd 3 3 1,842 $10,000 $5.43 1953 12/2/2019 21-680852 17318 Tramonto Dr #602 3 4 3,690 $20,000 $5.42 2021 2/17/2021 19-429662 613 Swarthmore Ave 2 2 1,251 $6,750 $5.40 1948 5/15/2019 20-582472 385 N Las Casas Ave 3 3 1,876 $10,000 $5.33 1939 12/2/2019 20-600926 831 Alma Real Dr 4 3 2,836 $15,000 $5.29 1950 10/21/2020 20-616018 17350 W Sunset Blvd #103 1 1 628 $3,300 $5.25 1963 4/30/2020 19-494608 16772 Edgar St 3 2 1,345 $7,000 $5.20 1940 7/21/2020 19-486022 1145 Monument St 3 2 2,122 $11,000 $5.18 1946 8/16/2019 20-594860 820 Iliff St 3 2 1,937 $10,000 $5.16 1940 8/1/2020 20-562412 820 Iliff St 3 2 1,937 $10,000 $5.16 1940 8/26/2019 20-562412

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. Lease Comparables, Continued from the previous page Criteria: Units located within 90272, 1-4 BR, $4.50/SF or more, unfurnished, leased from April 2019 - April 2021 Source: MLS, sorted by price per square foot

PROPERTY ADDRESS BR BA SF LEASE RATE $/SF BUILT LEASED DATE MLS 17350 W Sunset Blvd #604 1 1 684 $3,500 $5.12 1963 2/17/2021 19-512816 1030 Hartzell St 3 2 1,759 $9,000 $5.12 1924 3/17/2020 20-579536 823 Galloway St 3 3 1,196 $6,100 $5.10 1949 12/11/2019 19-483260 17350 W Sunset Blvd #103 1 1 628 $3,200 $5.10 1963 6/13/2020 19-494608 17352 W Sunset Blvd #102 1 1 989 $5,000 $5.06 1963 2/16/2021 19-522622 950 Napoli Dr 4 5 3,942 $19,900 $5.05 1955 9/6/2019 OC20156517MR 251 Monte Grigio Dr 3 2 1,694 $8,500 $5.02 1956 11/17/2020 19-467886 1170 Monument St 3 2 1,196 $6,000 $5.02 1946 11/13/2019 SR20119517CN 17350 W Sunset Blvd #705C 2 2 1,379 $6,900 $5.00 - 2/19/2021 21-689964 1156 Monument St 4 3 2,600 $13,000 $5.00 1949 5/27/2019 PW21025365MR 1000 Monument St 3 3 1,869 $9,300 $4.98 1951 7/1/2020 20-575272 17774 Tramonto Dr 3 2 1,829 $9,100 $4.98 1957 8/8/2019 19-478462 16040 W Sunset Blvd #101 2 2 1,187 $5,900 $4.97 1988 5/12/2020 20-575950 1264 Monument St 4 5 3,929 $19,500 $4.96 2018 10/7/2019 19-513506 561 Paseo Miramar 3 4 2,016 $10,000 $4.96 1964 6/2/2020 20-573758 865 Chautauqua Blvd 3 2 1,734 $8,500 $4.90 1947 11/1/2020 20-646220 16701 W Sunset 3 2 1,122 $5,500 $4.90 1949 11/15/2019 19-524284 1030 Hartzell St 3 2 1,900 $9,300 $4.89 1924 10/5/2020 20-579536 17960 Tramonto Dr 3 4 2,150 $10,500 $4.88 1957 3/30/2021 21-702194 16633 Bienveneda Pl 3 3 2,030 $9,900 $4.88 1975 1/21/2021 21-681610 17350 W Sunset Blvd #404 1 1 684 $3,333 $4.87 1963 2/7/2020 19-537992 17350 W Sunset Blvd #605 2 2 1,379 $6,700 $4.86 1963 7/23/2019 19-462560 204 Tranquillo Rd 4 3 2,600 $12,500 $4.81 1954 7/26/2019 19-461852 227 Quadro Vecchio Dr 4 3 2,498 $12,000 $4.80 1951 6/21/2019 19-462462 16722 Charmel Ln 4 5 3,650 $17,500 $4.79 - 5/20/2019 19-464620

PROPERTY ADDRESS BR BA SF LEASE RATE $/SF BUILT LEASED DATE MLS 470 Wynola St 4 5 3,876 $18,500 $4.77 1949 8/2/2019 19-492526 17350 W Sunset Blvd #306 2 2 1,261 $6,000 $4.76 1963 10/19/2019 19-492240 711 Radcliffe Ave 2 2 1,052 $5,000 $4.75 1949 9/9/2019 19-503482 15314 De Pauw St 3 4 2,424 $11,500 $4.74 1937 6/14/2019 19-470066 574 Almar Ave 2 2 1,477 $6,995 $4.74 1951 2/19/2020 20-553178 851 Castac Pl 2 2 1,248 $5,900 $4.73 1941 9/6/2020 20-626310 332 Beirut Ave 4 3 2,553 $12,000 $4.70 1946 11/21/2019 19-526744 826 Galloway St 2 1 1,067 $5,000 $4.69 1947 8/5/2019 19-486724 16633 Bienveneda Pl 3 3 2,030 $9,500 $4.68 1975 8/13/2020 21-681610 919 Bienveneda Ave 4 3 1,933 $9,000 $4.66 1953 7/11/2019 19-485512 16636 Pequeno Pl 3 2 2,045 $9,500 $4.65 1958 11/19/2020 20-657992 227 Tranquillo Rd 3 2 1,723 $8,000 $4.64 1954 9/16/2020 20-626768 16633 Bienveneda Pl 3 3 2,030 $9,400 $4.63 1975 12/13/2019 21-681610 1344 Luna Vis 3 3 2,174 $9,995 $4.60 1971 4/19/2021 21-707376 17350 W Sunset Blvd #604 1 1 697 $3,200 $4.59 1963 7/24/2019 19-489834 676 Las Lomas Ave 4 4 1,640 $7,500 $4.57 1925 4/7/2021 21-713238 1023 Embury St 3 1 1,248 $5,700 $4.57 1941 3/30/2021 21-690330 1142 Hartzell St 4 3 3,289 $15,000 $4.56 2012 7/13/2020 20-589404 14934 W Sunset Blvd 3 2 1,918 $8,700 $4.54 1946 12/1/2020 20-652292 17368 W Sunset Blvd #Ph-4 3 3 1,595 $7,200 $4.51 1963 8/14/2019 20-634724 560 Tahquitz Pl 2 2 1,263 $5,700 $4.51 1947 10/8/2020 20-625050 560 Tahquitz Pl 2 2 1,263 $5,700 $4.51 1947 11/1/2019 20-625050 17035 Livorno Dr 3 2 1,774 $7,995 $4.51 1950 12/17/2020 20-638598 572 Muskingum Ave 3 3 1,753 $7,900 $4.51 1949 9/16/2020 19-511710 1241 Bienveneda Ave 3 3 2,000 $9,000 $4.50 1972 7/21/2020 20-600436

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. Select Lease Comparables

The full MLS lease comparable details are posted in the data room via www.SunsetCanyon-cbre.com

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. Select Lease Comparables, Continued from the previous page

The full MLS lease comparable details are posted in the data room via www.SunsetCanyon-cbre.com

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. Select Lease Comparables, Continued from the previous page

The full MLS lease comparable details are posted in the data room via www.SunsetCanyon-cbre.com

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. The following information shows the history of five condos leased at The Rockwell since it was built in 2013. The Rockwell is a 16 unit luxury condominium building located less than a mile from the subject property.

Address: 17351 W. Sunset Blvd. | Pacific Palisades, CA 90272 Rockwell Lease 17351 W. SUNSET BLVD #2C 2 Baths 2.00 1,355/ES  Pacific Palisades, CA 90272 Lease Beds (2F 0T 0H 0Q) Sqft SP $6,800 Sold Comps Area 15 Pacific Palisades Subdivision List Price Per Sqft $4.98 Lot Size SFR or Condo/Apt CA MLS# SR16097418CN APN 4416-003-034 List Date 05-08-2016 DOM 16

Directions: SUNSET PCH Remarks: TURN KEY !!!!!!GORGEOUS! FURNISHED & UNFURNISHED !!LUXURIOUS 2 BEDROOM,2 BATHROOM TOTALLY REMODELED!!!RESIDENCE WITH HIGH CEILING , OPEN FLOOR PLAN, OFFERS AN EXPANSIVE LIVING & DINNING ROOM TO CREATE OF THE PERFECT INDOOR / OUTDOOR 1719 SOFT OF TERRACES AND FRUIT TREES FEEL YOU ARE LIVING IN THE HOUSE!!!WHITE WATER OCEAN VIEW,FLOW FEATURING SIGNATURE EXPOSED CONCRETE WALLS , WHITE OAK CHEVRON FLOORS,CUSTOM CHEF'S KITCHEN,FULL HOME AUTOMATION SYSTEM CONTROLLING AUDIO / VISUAL LIGHTING, SHADES, TEMPERATURE,CONTROL AND SECURITY SYSTEM NEW APPLIANCES,SKYLIGHTS, PRIVATE ELEVATOR ,2 PARKING SPACES AND GUEST PARKING,WASHER AND DRYER ROOM INSIDE,OVER SIZE OF STORAGE ROOM,LANDSCAPING,SPECTACULAR WALK TO GLADSTONE AND THE BEACH !!!!!!! MUST SEE!!!!!!!!!!!!

Lease 17351 W SUNSET BLVD #5B 3 Baths 4.00 2,227  Pacific Palisades, CA 90272 Beds (3F 1T 0H 0Q) Sqft SP $9,200 Sold

Area 15 Pacific Palisades Subdivision List Price Per Sqft $4.13 Lot Size 24,999/PR SFR or Condo/Apt CA MLS# SR16767570CN APN 4416-003-052 List Date 12-26-2016 DOM 25

Directions: PCH & Sunset Remarks: Live the Dream! Paradise at the ultra hip address "The Rockwell"! This spectacular two story Penthouse style condominium boasts of reclaimed white oak floors, signature exposed concrete walls, custom chef's kitchens with Thermador appliances and Waterworks fixtures in every bath. In addition, there is custom cabinetry, marble counter tops, Ann Sacks tile and natural stone throughout. French doors open to Large terraces with Beautiful ocean views, handcrafted Moroccan cement tiles, and a built- in BBQ. The home automation system has built-in audioand lighting control along with private security system. The semi-private resident elevator leads to secure underground parking two side by side spaces and individual storage units. This is Paradise Living at the Palisades :)

Lease 17351 W Sunset BLVD #2B 2 Baths 2.00 1,791/AS  PACIFIC PALISADES, CA 90272 Beds (2F 0T 0H 0Q) Sqft SP $7,000 Sold

Area 15 Pacific Palisades Subdivision List Price Per Sqft $3.91 Lot Size 24,999/AS SFR or Condo/Apt CA MLS# 16-172154 APN 4416-003-042 List Date 10-17-2016 DOM 7

Directions: PCh to Sunset Blvd, or Sunset Blvd West close to the PCH Remarks: Centrally located between Santa Monica & Malibu, this unique architectural bldg, known as the Rockwell, is situated on the coastal hillside of Sunset Blvd, just east of the PCH. Spacious 1,791 sq ft 2 bdrm / 2 bath condo has a sexy loft vibe with high ceilings, open floor plan and walls of glass which create an amazing indoor/outdoor flow. Features include stunning reclaimed white oak flooring, custom chef's kitchen with Thermodor appliances, Ann Saks / Waterworks tile/stone and fixtures throughout and a spacious outdoor patio w/a glimpse of the ocean. Smart home features include electronic keyed resident elevator, secure underground parking and option for private security system & "Control 4 Home" automation w/ audio & lighting control. Also includes extra storage unit, bike room storage & hook ups for washer/dryer. Just steps to the sand, Sunset surf break, the Bay Club gym, juice bar & Gladstones - this is coastal living at its finest.

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. MLSPLUS™ Copyright © 2017 by TheMLS™. Information deemed reliable but not guaranteed. Presented by: Laurie Lustig CalBRE# 00979360 You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. Rockwell Lease Comps

Lease 17351 W SUNSET #5B 3 Baths 4.00 0/VN  PACIFIC PALISADES, CA 90272 Beds (3F 0T 1H 0Q) Sqft SP $9,550 Sold

Area 15 Pacific Palisades Subdivision List Price Per Sqft Lot Size 24,999/AS SFR or Condo/Apt CA MLS# 17-249330 APN 4416-003-052 List Date 07-08-2017 DOM 38

Directions: Pacific Coast Highway to Sunset. The Rockwell Building diagonal from Vons. Remarks: Live the Dream! Paradise at the ultra hip address "The Rockwell"! This spectacular two story townhouse style condominium boasts of reclaimed white oak floors, signature exposed concrete walls, custom chef's kitchens with Thermador appliances and Waterworks fixtures in every bath. In addition, there is custom cabinetry, marble counter tops, Ann Sacks tile and natural stone throughout. French doors open to Large terraces with Beautiful ocean views, handcrafted Moroccan cement tiles, and a built- in BBQ. The home automation system has built-in audioand lighting control along with private security system. The semi-private resident elevator leads to secure underground parking two side by side spaces and individual storage units. This is Palisades Living at its best:)storage units.

Lease 17351 Sunset #5B 3 Baths 4.00  PACIFIC PALISADES, CA 90272 Beds (4F 0T 0H 0Q) Sqft SP $9,200 Sold

Area 15 Pacific Palisades Subdivision List Price Per Sqft Lot Size 24,999/VN SFR or Condo/Apt CA MLS# 15-967311 APN 4416-003-052 List Date 12-27-2015 DOM 32

Directions: Pacific Coast Highway to Sunset. Remarks: Live the Dream! Paradise at the ultra hip address "The Rockwell"! This spectacular two story townhouse style condominium boasts of reclaimed white oak floors, signature exposed concrete walls, custom chef's kitchens with Thermador appliances and Waterworks fixtures in every bath. In addition, there is custom cabinetry, marble counter tops, Ann Sacks tile and natural stone throughout. French doors open to Large terraces with Beautiful ocean views, handcrafted Moroccan cement tiles, and a built- in BBQ. The home automation system has built-in audioand lighting control along with private security system. The semi-private resident elevator leads to secure underground parking two side by side spaces and individual storage units. This is Palisades Living at its best:)storage units.

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. AFFILIATED BUSINESS DISCLOSURE CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENT Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMER This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non- binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

BIDS ARE DUE: FRIDAY, JUNE 25, 2021 BY 5PM PRICE: $10,595,000

www.SunsetCanyon-cbre.com

LAURIE LUSTIG-BOWER KAMRAN PAYDAR Executive Vice President First Vice President Lic. 00979360 Lic. 01242590 +1 310 550 2556 +1 310 550 2529 [email protected] [email protected]