Brandon Michaels

BEVERLY HILLS

LOS ANGELES, CA 90035

S LA CIENEGA BLVD

BRANDON AN IDEAL OPPORTUNITY FOR AN OWNER-USER BUYER OR MICHAELS INVESTOR TO ACQUIRE A PRIME WESTSIDE LOCATION WITH GROUP SIGNIFICANT GROWTH POTENTIAL 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

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 receiving 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 information 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 a 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 contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial 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 believe 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 Marcus & 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 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. BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

16830 Ventura Blvd. Suite 100, Encino, CA 91436 www.marcusmillichap.com CENTURY CITY

BEVERLY HILLS 1 PROPERTY OVERVIEW

LOS ANGELES, CA 90035 2 FINANCIAL ANALYSIS 3 COMPARABLE ANALYSIS 4 AREA OVERVIEW

S LA CIENEGA BLVD 1633 S LA CIENEGA Century City shopping center, City Century towers, business andFox Studios. on the Westside. to are the economy theImportant Westfield skyscrapers andits centers, formemployment adistinctive skyline is the metropolitanone of area’s City Century prominent most Westside. Downtown of district Angeles’ Outside inLos Angeles, Los andbusiness ha) neighborhood (71.2 is a176-acre City Century Average Household Income within a 3-mile radius: $74,256 ADJACENT TO CENTURY CITY AFFLUENT NEIGHBORHOOD Population within a5-mile radius: 953,780 enter the the market submarket andposition for the future. to for concepts new immediate marketplace, creating anopportunity amount movement of andturnover Significant market. inthe to purchase rare inatransitioning opportunity rental Extremely DEMOGRAPHICS Median Age:36 SIGNIFICANT OPPORTUNITYSIGNIFICANT LA CIENEGA CIENEGA LA WHY BUYON WHY SOUTH VD LV B LA CIENEGA BOULEVARD

WHY BUY ON La Cienega Boulevard is a major north–south arterial road that SOUTH runs between El Segundo Boulevard in Hawthorne, California on the south and the Sunset Strip/Sunset Boulevard in West Hollywood LA CIENEGA to the north. B LV D

5 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM PROPERTY OVERVIEW 7 SIGNIFICANT GROWTH POTENTIAL THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS AN IDEAL OPPORTUNITY FOR AN OWNER-USER BUYER OR INVESTOR TO ACQUIRE A PRIME WESTSIDE WITH LOCATION has been sale for selected has market exclusively & Millichap to of Marcus Group Michaels The Brandon feet square of land 3,160 on situated building foot retail square S. 1633 La 2,121 a Cienega Boulevard, zoned LAC2in Los Angeles, CA. Robertson Pico in the located S. well 1633 La is Cienega Boulevard of Los Angeles, Citysubmarket BeverlyCulver and to south adjacent Hills of of just corner signalized the Los Angeles benefits location West prime a dense from This and La Boulevard CienegaPico Boulevard. demographic. surrounding and affluent LOS ANGELES, CA 90035 LOS Located just minutes from Beverly Hills and Century City, 1633 S. La Cienega Boulevard is ideally located in a densely populated, affluent West Los Angelessub-market S. ideally 1633 La is in a densely affluent located Cienega Boulevard Beverly populated, minutes and Century from Located just City, Hills people Century a five within mile radius. City most prominent the is 1,000,000 and over a one-mile within radius income household exceeding $75,000 average the with of luxury icon its for concentration and high-end shops and restaurants. an international and Beverly is in Los Hills business Angeles district outside of Downtown, subject the property surrounding retailers and regional include Smart national LA and Final, Immediate Express, Fitness, Panda KFC, Starbucks, Chase, Ross 7 Eleven, Dress Less, for CVS, more. and many 1633 S. La Cienega Boulevard is an ideal opportunity for an Owner-User Buyer looking for a prime west side location or an investor or developer looking an or an investor acquire side location to looking west Buyer a prime S. for an ideal opportunity1633 La is Cienega Boulevard an Owner-User for units of as coming new residential on-line thousands with area significant is immediate development in the There significant with location growth potential. excellent location. significant prime upsidethis creates for and office high end commercial area as space.well the immediate The growth in 1633 S. La Cienega Boulevard will be delivered vacant at the close of escrow. The subject The property close the of at escrow. S. benefits1633 be La will delivered along La vacant Cienega Boulevard with Cienega Boulevard frontage excellent from further uniquenessthe to subject adding the of property. vehicles day, per counts exceed Daily 50,000 traffic visibility. ideal providesand signage,unique creates which THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS PROPERTY HIGHLIGHTS

PROPERTY INFORMATION

1633 S La Cienega Boulevard Address Los Angeles, CA 90035 Beverly Hills

Price $1,015,000 BEVERLY HILLS Pro Forma Cap Rate 7.06% Price/SF (Building) $479 Price/SF (Land) $321 Building SF 2,121 Land SF 3,160 Zoning LAC2 APN Number 4303-028-022 Year Built 1950 Type of Ownership Fee Simple

Interest Offered: 100% fee simple interest in a 3,160 SF retail property located at 1633 S La Cienega Boulevard, Los Angeles, CA 90035.

Terms of the Sale: Property is being offered on a free and clear basis.

Property Tours: Prospective purchasers are encouraged to visit the site prior to submitting offers. All property tours must be coordinated through the listing broker. SUMMARY OF TERMS SUMMARY WEST HOLLYWOOD THE SUNSET STRIP

LOS ANGELES, CA 90035

S LA CIENEGA BLVD The Grove HOLLYWOOD PARK LA BREA

LOS ANGELES, CA 90035

S LA CIENEGA BLVD

THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM PROPERTY OVERVIEW 11 979,582 Population Within 5-mile Radius 5-mile Within Population Radius Households Within 3-mile 3-mile Within Households 154,323 HIGHLIGHTS THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS Within 1-mile Radius 1-mile Within Average Household Income Income Household Average $104,993 IRREPLACEABLE WEST LOS ANGELES PICO-ROBERTSON ANGELES LOCATION IRREPLACEABLE LOS WEST Rodeo of less Beverlylocated Drive miles two between than Hills world-famous Centrally the business in Los districts of two most prominent the Angeles.and Century City, NEIGHBORHOODAFFLUENT a one-mile $104,000 income within household is radius. average The TRAFFICKED STREET HIGHLY south of FairviewFrom north and from of Rodeo a regular Road, La is Cienega Boulevard vehicles pass the surface Over and one of thoroughfares. Hollywood's major street 50,000 subject property per day. OPPORTUNITYOWNER-USER bewill building delivered vaccant,The a unique opportunity creating Owner-User an for business use. own their building for occupy entire to the Buyer AREA DEVELOPMENT IN THE IMMEDIATE SIGNIFICANT units of and high-end in the new coming space commercial residential on-line Thousands Los Angeles significant West prime growth in the creating areas, and surrounding immediate sub-market. INVESTMENT INVESTMENT DOWNTOWN LOS ANGELES LOS THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS PROPERTY DETAILS

LOCATION 1633 La Cienega Blvd Los Angeles, CA 90035

SITE The subject property is located near the intersection of S La Cienega Boulevard and Airdrome Street South.

SQUARE FOOTAGES The total building square footage is 2,121 SF. The total lot size is 3,160 SF.

CROSS STREETS S La Cienega Boulevard between West Pico Boulevard and South Airdrome Street.

YEAR BUILT The property was built in 1950.

ZONING Zoning is LAC2. CENTURY CITY BEVERLY HILLS

LOS ANGELES, CA 90035

S LA CIENEGA BLVD LOS ANGELES, CA 90035 FINANCIAL ANALYSIS

RENT ROLL

TENANT SF SF % PRO FORMA RENT PRO FORMA RENT/SF LEASE TYPE

Vacant 2,121 100% $6,363 $3.00 NNN

Total 2,121 100% $6,363 $3.00

PRO FORMA OPERATING DATA

INCOME AND EXPENSE PRO FORMA PRO FORMA OPERATING EXPENSES* PER YEAR PER SF Scheduled Lease Income $76,356 Taxes (1.25%) $12,688 $5.98 NNN Charges $16,696 Insurance $827 $0.39 Total Income $93,052 Utilities $954 $0.45 Expenses $16,696 Trash $848 $0.40 Net Operating Income: $76,356 Repairs & Maintenance $1,379 $0.65 Total $16,696 $7.87/$0.66

*Approximate expenses based on industry averages.

14 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM FINANCIAL ANALYSIS 15 2,121 $321 $479 3,160 7.52% LOS ANGELES, CA ANGELES, 90035 LOS $1,015,000 LOS ANGELES, CA 90035 CA ANGELES, LOS 1633 S. LA CIENEGA BOULEVARD Por Forma CAP Rate: CAP Forma Por (Building): Price/SF ADDRESS Pricing: (Land): Price/SF SF:Building Land SF: THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS

ANALYSIS

PRICING FINANCIAL FINANCIAL SALES COMPARABLES LOS ANGELES, CA 90035

# ADDRESS SALE PRICE PRICE/SF PRICE/SF (LAND) BLDG SF LAND SF CAP RATE ZONING COE

1737 S La Cienega Blvd 1 $6,900,000 $764.29 $329.32 9,028 20,952 - - 01/23/2018 Los Angeles, CA 90035

1646 S La Cienega Blvd 2 $1,700,000 $625.92 $325.22 2,716 5,227 - LAC2 10/17/2018 Los Angeles, CA 90035

8815-8823 W Pico Blvd 3 $4,435,000 $789.57 $509.07 5,617 8,712 - C4 12/31/2018 Los Angeles, CA 90035

1754-1756 S Robertson Blvd 4 $1,580,000 $786.46 $315.96 2,009 5,001 - LAC2 05/23/2018 Los Angeles, CA 90035

8535 Venice Blvd 5 $2,750,000 $680.69 $371.36 4,040 7,450 - C2-1LA 06/20/2018 Los Angeles, CA 90034

8551 Venice Blvd 6 $1,650,000 $397.59 $270.56 4,150 6,098 - C2 05/04/2018 Los Angeles, CA 90034

8559 Venice Blvd LAC2-1VL 7 $980,000 $784.00 $394.01 1,250 2,487 - 12/27/2018 Los Angeles, CA 90034 -CPIO

AVERAGE (S): $2,856,429 $689.79 $359.36 4,116 7,990

16 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM MARKET COMPARABLES 17 LOS ANGELES, CA ANGELES, 90035 LOS 1 2 5 6 THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS 7 3 4 8551 Venice Blvd 8551 Venice Blvd 8559 Venice 6 7 CIENEGA BLVD COMPARABLES

1633 S. LA S La1737 Cienega Blvd 1646 S La Cienega Blvd Blvd W Pico 8815-8823 1754-1756 S Robertson Blvd Blvd 8535 Venice 3 4 5 1 2 SALES SALES SALES COMPARABLES LOS ANGELES, CA 90035

1 1737 S La Cienega Blvd, Los Angeles, CA 90035 Sales Price $6,900,000 Price SF/Building $764.29 Price/SF Land $329.32 Building SF 9,028 Land SF 20,952 Zoning - Sale Date 1/23/2018 Cross Street S La Cienega Blvd and Airdrome St

2 1646 S La Cienega Blvd, Los Angeles, CA 90035 Sales Price $1,700,000 Price SF/Building $625.92 Price/SF Land $325.22 Building SF 2,716 Land SF 5,227 Zoning LAC2 Sale Date 10/17/2018 Cross Street S La Cienega Blvd and Airdrome St

3 8815-8823 W Pico Blvd, Los Angeles, CA 90035 Sales Price $4,435,000 Price SF/Building $789.57 Price/SF Land $509.07 Building SF 5,617 Land SF 8,712 Zoning C4, Los Angeles Sale Date 2/31/2018 Cross Street W Pico Blvd and S Robertson Blvd

18 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM MARKET COMPARABLES 19 C2 4,150 5,001 7,405 6,098 4,040 2,009 LAC2 C2-1LA $371.36 $397.59 $315.96 $270.56 $786.46 $680.69 5/4/2018 6/20/2018 $1,650,000 $1,580,000 $2,750,000 05/23/2018 LOS ANGELES, CA ANGELES, 90035 LOS Venice Blvd and La Blvd Cienega Blvd Venice and La Blvd Cienega Blvd Venice Venice Blvd and Abbot Blvd Kinney Blvd Venice THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS Price SF/Building Price SF Building Land SF Zoning Sale Date Building SF Building Los Blvd, Angeles, 90034 CA 8535 Venice Sales Price Land Price/SF Cross Street Los Blvd, Angeles, 90034 CA 8551 Venice Sales Price 1754-1756 Robertson Los Blvd, Angeles, 90035 CA Sales Price SF/Building Price Land Price/SF Land SF Sale Date Cross Street SF/Building Price Land Price/SF Land SF Zoning Sale Date Cross Street Zoning SF Building COMPARABLES

4 6

5 SALES SALES SALES COMPARABLES LOS ANGELES, CA 90035

7 8559 Venice Blvd, Los Angeles, CA 90034 Sales Price $980,000 Price SF/Building $784.00 Price/SF Land $394.01 Building SF 1,250 Land SF 2,487 Zoning LAC2-1VL-CPIO Sale Date 12/24/2018 Cross Street Venice Blvd and Abbot Kinney Blvd

20 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM MARKET COMPARABLES 21 1633 S LA CIENEGA BLVD AVERAGE PRICEAVERAGE PSF: $471

LOS ANGELES, CA ANGELES, 90035 LOS AVERAGE PRICE PER SF PER PRICE AVERAGE

$689.79 8559 VENICE BLVD VENICE 8559

$784.00 8551 VENICE BLVD VENICE 8551

$397.59 8535 VENICE BLVD VENICE 8535 $680.69 8535 Venice Blvd 8551 Venice Blvd 8559 Venice Blvd Average

THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS 1754 S ROBERTSON BLVD ROBERTSON S 1754 Blvd

$786.46 8815 W PICO BLVD PICO W 8815 $789.57

8815 W Pico Blvd 1754 S Robertson 1646 S LA CIENEG BLVD CIENEG LA S 1646 Blvd $625.92

1646 S La Cienega 1737 S LA CIENEGA BLVD CIENEGA LA S 1737 COMPARABLES Blvd $764.29 1737 S La Cienega

$0.00 $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 $700.00 $800.00 $900.00

PRICE PER SQUARE FOOT SQUARE PER PRICE SALES SALES RENT COMPARABLES LOS ANGELES, CA 90035

# ADDRESS RENT/SF/MONTH RENT/SF/YEAR BLDG SF LOT SIZE AVAILABLE SF LEASE TYPE

Versailles Plaza 1 1415 S La Cienega Blvd $3.00 $36.00 5,876 0.27 670 +Utilities Los Angeles, CA 90035

1435 S La Cienega Blvd 2 $2.65 $31.80 12,122 0.29 900 NNN Los Angeles, CA 90035

Robins Building 3 1728 S La Cienega Blvd $3.00 $36.00 4,832 0.14 3,227 Negotiable Los Angeles, CA 90035

1804 S La Cienega Blvd 4 $2.75 $33.00 5,770 0.25 1,300 NNN Los Angeles, CA 90035

1912-1916 S La Cienega Blvd 5 $4.00 $48.00 8,300 0.32 8,300 NNN Los Angeles, CA 90034

6006 W Pico Blvd 6 $2.75 $33.00 2,178 0.06 1,200 NNN Los Angeles, CA 90035

8562-8566 W Pico Blvd 7 $3.00 $36.00 10,450 0.24 4,620 +Utilities Los Angeles, CA 60035

8656-8658 W Pico Blvd 8 $3.00 $36.00 2,597 0.1 2,597 MG Los Angels, CA 90035

AVERAGE(S): $3.02 $36.23 6,516 0.21 2,852

22 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM MARKET COMPARABLES 23 LOS ANGELES, CA ANGELES, 90035 LOS 6 1 2 3 5 4 7 8 THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS 6006 Blvd W Pico 8562-8566 Blvd W Pico 8656-8658 Blvd W Pico 6 7 8 CIENEGA BLVD COMPARABLES

1633 S. LA Plaza Versailles 1435 S La Cienega Blvd Robins Building 1804 S La Cienega Blvd 1912-1916 S La Cienega Blvd 5 3 4 1 2 RENT RENT RENT COMPARABLES LOS ANGELES, CA 90035

1 2 3 4

Versailles Plaza | Los Angeles | 90035 1435 S La Cienega Blvd | Los Angeles | 90035 Robins Building | Los Angeles | 90035 1804 S La Cienega Blvd | Los Angeles | 900035 Rent/SF/MO $3.00 Rent/SF/MO $2.65 Rent/SF/MO $3.00 Rent/SF/MO $2.75 Rent/SF/Year $36.00 Rent/SF/Year $31.80 Rent/SF/Year $36.00 Rent/SF/Year $33.00 BLD SF 5,874 BLD SF 12,122 BLD SF 4,832 BLD SF 5,770 Lot Size 0.27 Lot Size 0.29 Lot Size 0.14 Lot Size 0.25 Available SF 670 Available SF 900 Available SF 3,227 Available SF 1,300 Lease Type +Utilities Lease Type NNN Lease Type Negotiable Lease Type NNN

5 6 7

1912-1916 S La Cienega Blvd | Los Angeles | 90034 6006 W Pico Blvd | Los Angeles | 90035 8562-8566 W Pico Blvd | Los Angeles | 90035 8656-8658 W Pico Blvd | Los Angeles | 90035 Rent/SF/MO $4.00 Rent/SF/MO $2.75 Rent/SF/MO $3.00 Rent/SF/MO $3.00 Rent/SF/Year $48.00 Rent/SF/Year $33.00 Rent/SF/Year $36.00 Rent/SF/Year $36.00 BLD SF 8,300 BLD SF 2,178 BLD SF 10,450 BLD SF 2,597 Lot Size 0.32 Lot Size 0.06 Lot Size 0.24 Lot Size 0.1 Available SF 8,300 Available SF 1,200 Available SF 4,620 Available SF 2,597 Lease Type NNN Lease Type NNN Lease Type +Utilities Lease Type MG

24 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM MARKET COMPARABLES

25 LOS ANGELES, CA ANGELES, 90035 LOS SF PER RENT AVERAGE

$3.02 Average 8656-8658 W PICO BLVD PICO W 8656-8658 Blvd $3.00

8656‐8658 W Pico 8562-8566 W PICO BLVD PICO W 8562-8566

Blvd $3.00 6006 W PICO BLVD PICO W 6006 $2.75

6006 W Pico Blvd 8562‐8566 W Pico 1912-1916 S LA CIENEGA BLVD CIENEGA LA S 1912-1916 $4.00 Cienega Blvd 1912‐1916 S La

THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS 1804 S LA CIENEGA BLVD CIENEGA LA S 1804

Blvd $2.75 ROBINS BUILDING ROBINS $3.00

Robins Building 1804 S La Cienega 1435 S LA CIENEGA LA S 1435

Blvd $2.65 VERSAILLES PLAZA VERSAILLES $3.00 COMPARABLES Versailles Plaza 1435 S La Cienega

$0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50

PRICE PER SQUARE FOOT SQUARE PER PRICE RENT RENT Beverly Hills

Beverly Hills is bordered on the northwest by the Los Angeles neighborhood of Bel-Air and the Santa Monica Mountains,

AREA OVERVIEW on the east by West Hollywood, the Carthay neighborhood of Los Angeles, and the Fairfax District of Los Angeles, and on the south by the Beverlywood neighborhood of Los Angeles. The area’s “Platinum Triangle” is formed by the city of Beverly Hills and the Los Angeles neighborhoods of Bel Air and Holmby Hills.

Beverly Hills is an extremely affluent city in Los Angeles County. Its residences include Hollywood celebrities, politicians, and other prominent people. Beverly Hills is home

Home to many celebrities, five-star hotels, 1633and the Rodeo Drive shopping district , Beverly Hills is a world-renowned icon of

26 sophistication and luxury. AREA OVERVIEW 27 THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS From world-renowned fashion houses to one-of-a-kind local one-of-a-kind fashion houses to world-renowned From located a shoppers’ paradise Hills offers boutiques, Beverly known as the Golden area easily walkable within a compact, for luxury is the epicenter Drive in retail Rodeo Triangle. also provide and Cañon Drives Beverly States. the United local boutiques, unique luxury of hundreds fantastic shops, and open-air cafés. Anchoring the Hills restaurants Beverly is Department Store the Golden Triangle of border southern luxury the titans of including Neiman- home to retailing, Row, The city New York. and Barneys Fifth Saks Marcus, Avenue with its luxurious live/work/play/shop attracts residents homes Hills residential lifestyle. Median sales prices in Beverly million dollars. four easily exceed to the world famous upscale shopping street of Rodeo Drive. Drive. Rodeo of upscale shopping street famous the world to comprised and is commerce of is the centerpiece Drive Rodeo destinations and hotel most luxurious shopping, dining the of has consistently Hills market The Beverly in the world. States. in the United rents the highest commercial achieved and supply is limited. soaring Hills is Demand in Beverly Beverly Hills Beverly 1633Century City is a 176-acre (71.2 ha) neighborhood and World class business park business district in Los Angeles’ Westside. Outside of Downtown Los Angeles, Century City is one of the metropolitan area’s most prominent employment

AREA OVERVIEW with approximately ten centers, and its skyscrapers form a distinctive skyline million square feet of Class A on the Westside. Important to the economy are the Westfield Century City shopping center, business office space and a brand-new towers, and Fox Studios.

Westfield Shopping Center Westfield Century City and Fox Studios occupy important acreage in the neighborhood. As of 2016, Westfield Century City is currently undergoing an $800 million renovation and expansion that aims to maintain the center’s status as one of the Westside’s premier shopping and entertainment destinations. One tower, Constellation Place (formerly the MGM Tower), has the headquarters of Houlihan Lokey, International Creative Management, and International Lease Finance Corporation. Crystal Cruises is also headquartered in Century City.

In fact, with its more than ten million square feet of prime office space, Century City provides a professional home to some 2,500 businesses and their 40,000 employees, including many prominent lawyers, doctors, bankers, CPAs, communication and entertainment companies, real estate firms and more.

28 1633 Century City Westfield Century City

Westfield Century City’s expansion creates a 1.2 million square foot showcase for more than 200 luxury, contemporary and international designer brands, a new three-level flagship Nordstrom featuring its latest design concepts, completely remodeled three-level Bloomingdale’s, modern new two-level Macy’s, as well AREA OVERVIEW as the West Coast’s first Eataly celebrating Italian culture, cuisine, and its most authentic flavors. Westfield Century City’s is also completing a new parking structure incorporating Westfield’s easy-to-use ‘park assist’ system. Additional highlights have included upgraded valet services and premium amenities, free Wi-Fi and a new bicycle lounge with secure parking and changing rooms.

Underscoring Westfield’s commitment to continued economic growth in the City as well, the $800+ million revitalization of Westfield Century City will create approximately 10,000 new permanent retail and construction jobs and is projected to generate $1.4 billion in economic output. AREA OVERVIEW 31 31 THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS 46,654 Total Population of Pico-Robertson, Los Angeles. The median age is 36.1. AREA OVERVIEW 47% 53% EDUCATION MALE FEMALE

14.77% 5.85% 35.35% 22.98% High School Associates Degree Bachelor’s Degree Graduate Degree

SUMMARY Pico-Robertson is the heart of LA's Jewish community, with dozens of kosher restaurants, kosher supermarkets, several Jewish day and high schools, and six synagogues. Many Persian Jews immigrated here in the 1980s to flee persecution in Iran, and they've added their cuisine to the mix of Mexican, Chinese, and Italian places around the neighborhood. The residential streets are a mix of mostly single story homes and small apartment buildings. This neighborhood is bordered on the west by Beverlywood and Cheviot Hills, on the north by Beverly Hills, on the east by Carthay and Mid-City.

32 THE BRANDON MICHAELS GROUP | MARCUS & MILLICHAP | OFFERING MEMORANDUM AREA OVERVIEW 33 62,845 $61,024 Businesses radius a 5-m within Median HH radius incomeMedian 5-m within THE BRANDON MICHAELS | OFFERING & MILLICHAP GROUP MEMORANDUM | MARCUS within 5-m radius 5-m within 294,190 979,582 Population within 5-m radius 5-m within Population Renter Occupied Households Occupied Households Renter

within 5-m radius 5-m within

117,701 $91,415 Owner Occupied Households Occupied Households Owner

Average HH radius income 5-m within Average

upscale steakhouses. Roberston Boulevard, you'll find dozens of dining options, ranging from delis to delis to from ranging you'll find of dozens options, dining Boulevard, Roberston easy walking distance. Along the main thoroughfares of Pico Boulevard and South of and South Boulevard Pico thoroughfares the main Along easy distance. walking Pico-Robertson has a distinct community feel, with shops and restaurants within within with restaurants and shops a distinct has Pico-Robertson community feel, BRANDON MICHAELS

GROUP

BRANDON MICHAELS Senior Managing Director Investments Senior Director, National Retail Group Tel: (818) 212-2794 LOS ANGELES, CA 90035 [email protected] License: CA #01434685