VENICE BLVD — 70,000 CPD

SEPULVEDA BLVD — 53,000 CPD

I-405 — 336,000 CPD N

Land for Sale - 13,003 SF 3800 Sepulveda, Culver City, CA Exclusively Offered By The Offering

JLL is pleased to present the opportunity to acquire the fee simple interest in the Property located at 3800 Sepulveda Blvd., Culver City, CA 90230 (the “Property”). The Property consists of approximately .30 acres of land at the signalized intersection of and Venice Boulevard. Zoned CG, General Commercial, the property features 100’ of linear frontage along Venice Blvd and 130’ of linear frontage along S Sepulveda Blvd — highly visible to the approximately 123,000 vehicles per day at the intersection. Additionally, the Property offers convenient access to both the 405 and 10 Freeways.

Located in one of ’ most desirable areas, West LA/Culver City, the site benefits from an exceptional location with close proximity to the beach and major public transit, and boats walk score of 80. The Property is positioned to draw from the nearly 50,000 people with average household incomes exceeding $90,000 and more than 280,000 people with average household incomes exceeding $117,000 within a 1-mile and 3-mile radius respectively.

INVESTMENT SUMMARY 3800 Sepulveda Blvd, ADDRESS Culver City, CA 90230

OFFERING PRICE $4,551,050 ($350/SF)

LAND AREA 13,003 SF / 0.2985 AC

ZONING Culver City CG

APN 4213-018-014

Venice Blvd — 70k CPD TRAFFIC COUNTS Sepulveda Blvd — 53k CPD Parcel Map

3800 SEPULVEDA BLVD 2 Zoning and Entitlement

CURRENT ZONING: CG (Commercial General) District

The CG Zoning District identifies areas along major corridors appropriate for small- to medium-scale commercial uses, empha- sizing community-serving retail, office, and service uses. This district may also accommodate mixed use and live/work develop- ments. The CG Zoning District is consistent with the General Corridor land use designation of the General Plan.

CURRENT HEIGHT LIMIT: 56 ft

DENSITY LIMIT: 1/900 SF — Potential for Density Bonus with Community Benefits Studio and 1 Bedroom up to 900 SF = 1 space/unit PARKING REQUIREMENTS: 1 Bedroom over 900 SF and 2-3 Bedrooms = 2 spaces/unit

http://library.amlegal.com/nxt/gateway.dll/California/culver/themunicipalcodeoft- CULVER CITY MUNICIPAL CODE: hecityofculvercitycal?f=templates$fn=default.htm$3.0$vid=amlegal:culvercity_ca CULVER CITY HOUSING ELEMENT: http://culvercity.org/home/showdocument?id=790

CULVER CITY COMMUNITY INCENTIVES: http://culvercity.org/home/showdocument?id=884

CULVER CITY LAND USE ELEMENT: http://culvercity.org/home/showdocument?id=786

3800 SEPULVEDA BLVD 3 Area Overview

Culver City is in high demand as it has become a prime destina- tion to live, work, dine, shop, and enjoy historic charm. Culver City boasts an incredibly desirable demographic base of afflu- ent, young, and highly educated people — with a stable popula- tion base of over 275,000 residents with an average household income of over $110,000 within a 3 mile radius. Since the 1920s, Culver City has been a significant center for motion picture and television production, and the city remains a focal point for cul- ture and nightlife to this day. Culver City is mostly surrounded by the city of Los Angeles, but also shares a border with unincorpo- rated Los Angeles County. Downtown Culver City Population/Demographics 3800 Sepulveda Blvd, Culver City, CA 90230

POPULATION AVG HH INCOME NUMBER OF HOMES DAYTIME POPULATION 1 MILE 48,173 $91,305 21,010 46,037 3 MILE 281,682 $117,384 123,711 342,839 5 MILE 758,509 $113,225 334,798 1,071,549

3800 SEPULVEDA BLVD 4 Property Location Highlights

IMPRESSIVE CONCENTRATION IN IMMEDIATE AREA • With nearly 50,000 people residing within just one mile and over 280,000 within three miles of the Asset, the surrounding retail market is poised to benefit greatly from this concentrated customer base.

YOUNG, AFFLUENT DEMOGRAPHICS • 34% of the total population within 3 miles of the Property are identified as Trendsetters residents — educated young singles who typically rent in multiunit, upscale structures and spend their disposable income on technology and travel.

SEAMLESS REGIONAL ACCESS • The Property is situated in direct proximity to Interstates 405, boasting 336,000 daily vehicles. The Property’s strategic position allows easy accessi- bility to and from this major highway via Venice Blvd (70,000 CPD).

SEPULVEDA BLVD

SAWTELLE BLVD VENICE BLVD

3800 SEPULVEDA BLVD 5 Area Map

GLENDALE

BEVERLY HILLS

DOWNTOWN LOS ANGELES

SANTA MONICA

INGLEWOOD

LOS ANGELES INTERNATIONAL AIRPORT

3800 SEPULVEDA BLVD 6 Los Angeles Market Overview

Covering approximately 470 square miles, Los Angeles County is the largest county in the United States, with a population exceeding 10 million. The City of Los Angeles totals just under four million residents, earning an average household income of $81,000. The city and its collective sprawling neigh- borhoods serve as the largest economic producers within the overall economy, including Los Angeles, Orange, San Bernardino, Riverside, and Ventura Counties. The Greater Los Angeles five-county area would rank as the 10th-largest economy in the world on the basis of gross domestic product. The County features a highly-educated workforce situated in a concentrated area, combining to create a massive source of spending power. • Across the Los Angeles market, there are many positive indicators reaffirming the overall confidence in real estate investment. Of the 430 million square feet in retail inventory, the Los Angeles market boast a mere 3.9 percent vacancy rate and an average NNN rental rate hovering at around the $30 per square foot mark. • The Los Angeles economy is driven by entertainment, aerospace, technology, and industrial trade. In addition, Los Angeles has a sizable tourism industry, hosting over 45.5 million visitors in 2015. LOS ANGELES EMPLOYMENT BREAKDOWN RETAIL MARKET SNAPSHOT Construction 3% Government (AS OF Q1 2017) Manufacturing 13% 8% Greater Other Services (Submarket) (Market) 4% Trade, Transportation, and Utilities TOTA L 19% 24,565,195 433,273,755 Leisure and INVENTORY (SF) Hospitality 11%

TOTAL VACANCY 5.1% 4.2% Information Education and 5% 12 MO. NET Health Services ABSORPTION 142,284 1,462,374 18% Financial Activities (SF) 5% Professional and Business Services 14%

3800 SEPULVEDA BLVD 7 SHAUNA MATTIS JASON GRIBIN Senior Vice President Vice President T +1 310 694 3190 T +1 310 694 3192 [email protected] [email protected] Lic. 1071320 Lic. 1819611

JULY 1, 2017 DISCLAIMER: MATERIALS CONTAINED IN THIS OFFERING MEMORANDUM ARE CONFIDENTIAL, FUR- THAT THE SELLER IS SELLING THE PROPERTY IN “AS-IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTA- NISHED SOLELY FOR THE PURPOSE OF CONSIDERING THE PURCHASE OF 3480 FLORENCE AVE (THE “PROPERTY”) TIONS OR WARRANTIES OF ANY KIND OR NATURE. IT IS EXPECTED THAT PROSPECTIVE INVESTORS WILL CONDUCT LOCATED IN HUNTINGTON PARK, CALIFORNIA; DESCRIBED HEREIN AND ARE NOT TO BE USED FOR ANY OTHER THEIR OWN INDEPENDENT DUE DILIGENCE CONCERNING THE PROPERTY, INCLUDING SUCH ENGINEERING AND PURPOSE OR TO BE MADE AVAILABLE TO ANY OTHER PERSON WITHOUT THE EXPRESS WRITTEN CONSENT OF JLL. ENVIRONMENTAL INSPECTIONS AS THEY DEEM NECESSARY TO DETERMINE THE CONDITION OF THE PROPERTY THE MATERIAL IS BASED, IN PART, UPON INFORMATION SUPPLIED BY SELLER AND, IN PART, UPON INFORMATION AND THE EXISTENCE OR ABSENCE OF ANY POTENTIALLY HAZARDOUS MATERIALS USED IN THE CONSTRUCTION OR OBTAINED BY JLL FROM SOURCES THEY DEEM TO BE RELIABLE. SUMMARIES CONTAINED HEREIN OF ANY LEGAL MAINTENANCE OF THE PROPERTY. NO REPRESENTATIONS, EXPRESSED OR IMPLIED, ARE MADE AS TO THE FOREGO- DOCUMENTS ARE NOT INTENDED TO BE COMPREHENSIVE STATEMENT OF THE TERMS OF SUCH DOCUMENTS, ING MATTERS BY SELLER, JLL OR ANY OF THEIR OFFICERS, EMPLOYEES, AFFILIATES AND/OR AGENT. INFORMATION BUT RATHER ARE OUTLINES OF SOME OF THE PRINCIPAL PROVISIONS CONTAINED THEREIN. NO WARRANTY OR CONTAINED IN THIS OFFERING MEMORANDUM IS FURTHER GOVERNED BY THE CONFIDENTIALITY AGREEMENT AND REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE BY SELLER, JLL OR ANY OF THEIR RELATED ENTITIES AS TO SHALL NOT BE FORWARDED. THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN. PROSPECTIVE INVESTORS SHOULD MAKE THEIR OWN INVESTIGATIONS, PROJECTIONS AND CONCLUSIONS. INTERESTED BUYERS SHOULD BE AWARE © 2017 JONES LANG LASALLE LLC 9300 TELEPHONE ROAD 8