A Once-In-A-Lifetime Opportunity to Purchase One of Thirteen Apartment Buildings Located Along the World-Renowned Wilshire Corri

Home , 20th Century Studios, Century City, Holmby Park

A Once-in-a-Lifetime Opportunity to Purchase One of Thirteen Apartment Buildings Located Along the World-Renowned Wilshire Corridor on Wilshire Boulevard in Los Angeles, CA Exclusively Listed By:

Brandon Michaels Matthew Luchs Senior Managing Director of Investments First Vice President Investments Senior Director, National Retail Group COO of The Brandon Michaels Group Tel: 818.212.2794 Tel: 818.212.2727 [email protected] [email protected] CA License: 01434685 CA License: 01948233

2 04 14 24 42 Executive Property Area Financials & Summary Overview Overview Comparables

L U O L S C A Y N TR GE UN LES CO La Tour The Diplomat Condos Sterling International Towers

Blair House The Dorchester The Wilshire Ten Five Sixty Comstock Wilshire

10401 Wilshire Building Wilshire Holmby Grand Wilshire Condos Condos Wilshire Marquis Regency Wilshire Condos Regent Wilshire

Wilshire Corridor 4 The Westholme Condos Wilshire Wilshire Summit Manning

The Westford Condos

The Sterling Longford Wilshire Wilshire Blvd Condos The Remington Californian Condoos On Wilshire Wilshire Selby West

Marie Antoinette

5 WESTWOOD

Marie Crown Antoinette Towers Sterling Wilshire The Wilshire House

The California Wilshire Blvd Condos The Westford Condos

Ashton Ave The Wilshire Manning The Argon Wilshire Wilshire Selby Ave Summit

Wellworth Ave 6 7

Executive Summary

A Once-in-a-Lifetime Opportunity to Purchase One ONCE IN of Thirteen Apartment Buildings Located Along the World-Renowned Wilshire Corridor on Wilshire A LIFETIME Boulevard in Los Angeles, CA

he Brandon Michaels Group of 10635 Wilshire Boulevard offers a T Marcus & Millichap has been unique value-add opportunity. Of Opportunity selected to exclusively represent the forty-five total units, there are for sale 10635 Wilshire Boulevard, a currently 10 vacant units and twenty- ON THE WILSHIRE CORRIDOR 45-unit value-add luxury apartment one luxury exempt units. The building building located along the world- totals 58,943 square feet situated on renowned Wilshire Corridor in Los 20,472 square feet of land zoned Angeles, CA. The subject property LAR5. The existing unit mix consists is located on Wilshire Boulevard, just of five studios, twenty one bedroom, east of Manning Avenue and just one bathroom units, and twenty west of Westholme Avenue. Over two bedroom two bathroom units. The Wilshire the last decade, only two multi- The building and several units have House family buildings have sold along undergone extensive renovations the Wilshire Corridor, making this and upgrades. an extremely rare opportunity to acquire a trophy asset in arguably 10635 Wilshire Boulevard is one of the strongest locations in the surrounded by Southern California’s country. most high-end restaurants, retailers, entertainment venues and some of 10635 Wilshire Boulevard is one of the most sought-after real estate in only 13 apartment buildings located the world. This generational purchase along the Wilshire Corridor. The opportunity is ideally located in a location is exceptional, just four sub-market that benefits from its blocks from Westwood Village, one affluent underlying demographics, mile from Holmby Park, one and dense immediate population, and a half miles from Beverly Hills, four high barriers to entry. miles from Bel Air, and less than one mile from the projected Westwood/ UCLA stop along the Metro Purple (D Line) Extension project.

L U O L S C A Y N TR GE UN LES CO The Bermuda Apartments Sterling International Towers Wilshire Westwood Luxury Apartments The Argon Wilshire

Wilshire Summit

10401 Wilshire Building

Sterling Wilshire

1116 Manning Ave

Princess WilshireOne of Only 13 Apartment Corridor Buildings Located Along Apartments the Wilshire Corridor Apartments

8 There are Only 13 Apartment Buildings Located Along the Wilshire Corridor Last Confirmed Address Name Market Sale 1 The Legacy at Westwood 10833 Wilshire Blvd 1996 2 Sterling Wilshire Apartments 10717 Wilshire Blvd 1995 3 Wilshire Victoria 10700 Wilshire Blvd 2015 4 The Wilshire Manning 1116 Manning Ave 1993 5 Princess Apartments 10655 Wilshire Blvd Not Disclosed 6 The Argon Wilshire 10636 Wilshire Blvd 2004 7 10600 Wilshire 10600 Wilshire Blvd 1994 8 Wilshire Margot 10599 Wilshire Blvd Not Disclosed 9 Wilshire Westwood Luxury Apartments 10530 Wilshire Blvd 1997 The Argon Wilshire 10 10401 Wilshire Building 10401 Wilshire Blvd Not Disclosed 11 Sterling International Towers 10390 Wilshire Blvd 1995 Wilshire 12 The Bermuda Apartments 10354 Wilshire Blvd 2014 Summit 13 Wilshire Manor Apartments 10635 Wilshire Blvd On Market

Sterling Wilshire

1116 Manning Ave

Princess Wilshire Blvd Apartments The Legacy at Westwood

9 Condominium Sales Along the Wilshire Corridor Address Price SF Price/SF 1 1200 Club View Dr #1501 $10,000,000 3,813 $2,623 2 1200 Club View Dr #16N $7,900,000 3,813 $2,072 3 1200 Club View Dr #12N $6,218,000 3,813 $1,631 4 1200 Club View Dr #14N $6,200,000 3,813 $1,626 5 1200 Club View Dr #1201 $6,000,000 3,813 $1,574 6 10601 Wilshire Blvd #19C $4,250,000 3,422 $1,242 7 10601 Wilshire Blvd #1204 $4,025,000 2,845 $1,415 8 10580 Wilshire Blvd #23NW $3,985,000 3,203 $1,244 9 10727 Wilshire Blvd #1604 $3,850,000 2,929 $1,314 AVERAGE $5,825,333 3,496 $1,638

10727 WILSHIRE BLVD

Condominium Sales Comparables 10 11

Property Overview

10601 WILSHIRE BLVD

1200 CLUB VIEW DR

10580 WILSHIRE BLVD InvestmentHighlights

One of Only Thirteen Apartment Buildings Located Along the Wilshire Corridor

ONCE-IN-A-LIFETIME PURCHASE OPPORTUNITY OF A VALUE-ADD 45 UNIT LUXURY APARTMENT BUILDING • Forty-five unit luxury apartment building ideally location along the Wilshire Corridor on Wilshire Boulevard • Units average over 1,000 square feet and have undergone significant upgrades and improvements • The building has undergone extensive renovations

WORLD-RENOWNED LOCATION IDEALLY LOCATED ALONG THE WILSHIRE CORRIDOR • Four blocks from one of the largest upscale college towns in California, Westwood Village • One mile from arguably the strongest central business district in metropolitan Los Angeles, Century City • One- and one-half miles from world-famous Beverly Hills, which is home to some of the most sought-after real estate in the world

12 EXCEEDINGLY RARE TROPHY PURCHASE 13 OPPORTUNITY Executive Summary • There are only 13 apartment buildings located along the Wilshire Corridor • Over the last decade, only two multi-family buildings have sold ONE MILE FROM LOS ANGELES’S CENTRAL along the Wilshire Corridor BUSINESS DISTRICT – CENTURY CITY • The vast majority of the high-rises on the Wilshire Corridor • One of Los Angeles’s top business districts, with approximately are condominiums, making 10635 Wilshire Boulevard a unique 10 million square feet of Class-A office space anomaly • Home to a number of dominant employers such as AECOM, MGO, Kirkland & Ellis LLP, and Regus IDEAL LOCATION FOR RENTERS • Westfield Century City, a two-level 1.3 billion square foot • Less than one mile from the projected Westwood/UCLA Metro outdoor mall anchored by Nordstrom, Gelson’s and Macy’s. Purple Line stop, making cross-city transportation easy The center recently underwent a $1 billion renovation, • Walking distance from Westwood Village, a retail district and features 176 shops, 53 eateries, and a 15-screen AMC occupied by upscale national retailers multiplex • Located just one- and one-half miles from the prestigious ONE- AND ONE-HALF MILES FROM ICONIC Beverly Hills BEVERLY HILLS • Rodeo Drive, a high-end retail corridor where buildings have ADJACENT TO THE COUNTRIES STRONGEST been known to sell for north of $19,000 per square foot, and RESIDENTIAL MARKETS lease for over $70 per square foot • Directly adjacent to Holmby Hills, which has an average single • Flocked by tourists and visitors year-round family home price of $3,855,434 • Beverly Hills is home to world renowned hotels such as the • One and one half miles from Beverly Hills, which has an Beverly Wilshire and Beverly Hills Hotel average single family home price of $3,776,383 • Famous restaurants line the city, such as Spago, Il Pasteo, The • Walking distance to LA Country Club Ivy, Il Cielo, and the Terrace • Within close proximity to some of the highest end retailers and DENSE AFFLUENT DEMOGRAPHICS restaurants in the world • There are over 45,300 within one mile of the property, 247,700 within three miles of the property, and 627,300 within five miles of the property. • There are over 21,700 households located within one mile of the property, 110,300 within three miles of the property, and 287,800 within five miles. • Average household income within one mile of the property surpasses $125,600, $136,200 within three miles, and $131,693 within five miles of the property BEVERLY HILLS BEVERLY HILLS GOLDEN TRIANGLE

Wilshire Blvd

L U O L S C A Y N R G NT ELES COU

HOLMBY PARK Beverly Hills 14 15

Executive Summary

Santa Monica Blvd

Wilshire Blvd Summaryof Terms

Address 10635 Wilshire Boulevard Los Angeles, CA, 90024

Price To Be Determined by the Market

Building Size 58,943 SF

Lot Size 20,473 SF

Units 45

Stories 5

Vacant Units 10

Luxury Exempt Units 21

Parking Spaces 47 Covered Parking Spaces

Year Built 1957

APN Number 4360-011-003

Zoning LAR5

16 17

Property Overview

BEL AIR

B E L B -A LU IR C COUNTRY

WESTWOOD

18 HOLMBY HILLS

L U O L S C A Y N R HOLMBY G NT ELES COU PARK

19 Current Ownership has completed extensive improvements, renovations, and upgrades to the property including:

• Demolition and remodeling of the entire lobby, including the • Brand new HVAC units including common area return air front entry door and intercom system • Completion of electrical upgrades and separation of certain • Demolition and rebuilding of the elevator shaft, including units and new panels the double fire rated system • Various structural upgrades, repairs, • Replacement of elevators and remodeling of interior cabs • Significant unit upgrades • Installation of new self-clearing trash chute system, including new doors, fire sprinklers and stainless-steel trash interior • Roof replacement, platforms, gutters and sheet metal walls • Insertion of an electrical inverter system • Installation of new fire alarm systems in all units and common areas throughout the building • Work on ventilation and carbon monoxide censors in the hallways and garage return air • Upgrades to the walls, ceilings, and floors throughout the entire building • Complete remodel of all common area hallways with LED lighting compliant with title 24 • Installation of a new hot water boiler system. The system includes three storage tanks, two boilers, and a new gas line * This is a partial list of improvements completed by current from the street which is compliant with current code ownership • Installation of new doors and windows on the fourth and fifth floors, as well as various windows throughout all units compliant with title 24 Finishes High-Endand Features

20 21 has completed extensive improvements, renovations, and upgrades Property Overview 22 23

Property Overview Westwood Location PrimeAn upscale commercial and residential neighborhood in Los Angeles

The Golden Triangle, Beverly Hills: 2.4 Miles

10635 Wilshire Boulevard is located 10635 Wilshire Boulevard is ideally located Holmby Hills: 2.4 Miles along the world-renowned Wilshire four blocks from Westwood Village, providing Corridor, an approximately one- walkable access to an array of national mile stretch of Wilshire Boulevard in retailers, restaurants, and high-end shops. Westwood, CA comprising a mixture Westwood Village is the second planned of high-rise condominium buildings suburban shopping district worldwide. and apartment buildings just four The district spans 55-acres and is located blocks from Westwood Village, 0.8 immediately south of UCLA. Westwood Village of a mile from the University of opened in 1929 with only 34 businesses in California, Los Angeles, one mile place, and just 10 years later, the district featured 452 businesses. Today, Westwood from Century City, and one and a half Village is home to numerous historical and miles from Beverly Hills, surrounded upscale venues and retailers. The Hammer by some of the most sought after Museum and Fox Theater are popular Bel Air: 4.6 Miles real estate in the world.

24 25

Area Overview destinations for tourists – The Hammer Museum for foot, and lease for over $70 per square foot. Rodeo its innovative artistic exhibitions, and the Fox Theater drive is lined with luxury retailers such as Luis Vuitton, for those who enjoy a piece of history. The district Versace, Saint Laurent, Fendi, Balenciaga, Dolce is home to a number of national retailers such as & Gabbana, Valentino, Tiffany, Bijan, and Cartier. Target, Ralphs, Amazon Locker+, Rite Aid, Trader Famous restaurants line the city, such as Spago, Il Joe’s and Ulta Beauty. Westwood Village is also home Pastaio, The Ivy, Il Cielo, and the Terrace. Beverly to several popular eateries, both large and small. You Hills is also home to world renowned hotels such as can choose from Tocaya Organica, Le Pain Qutidien, the Beverly Wilshire and Beverly Hills Hotel. Barney’s Beanery, Cava, Ministry of Coffee, Sweetfin and more. Popular local eateries include the original 10635 Wilshire Boulevard is surrounded by business, Westwood Village: 0.8 Miles Fat Sal’s, a sandwich shop known for its massive retail, and luxury, the Wilshire Corridor is as comfort-food injected subs, and Diddy Riese, which centrally located within West Los Angeles as it gets. has been serving delicious cookies, brownies, ice Surrounded on the west by Westwood Village, the cream, and their famous ice cream sandwiches since south by Century City, and the east by Beverly Hills, 1983. 10635 Wilshire Boulevard is iconic in its location, and represents a truly exceptional opportunity to The property is located one mile from Century City, purchase a generational asset. one of Los Angeles’s top business districts, with approximately 10 million square feet of Class-A office The unparalleled location features dense affluent space. The district is home to a number of dominant demographics, with an immediate population density employers such as AECOM, MGO, Kirkland & Ellis of over 45,300 within one mile of the property, LLP, and Regus. 10635 Wilshire Boulevard is in an 247,700 within three miles of the property, and ideal location for anyone working out of Century City. 627,300 within five miles of the property. There are In addition to its reputation as a hub for business, over 21,700 households located within one mile Century City is home to Westfield Century City, of the property, 110,300 within three miles of the UCLA: 0.8 Miles a two-level 1.3 billion square foot outdoor mall property, and 287,800 within five miles. Average anchored by Nordstrom, Gelson’s and Macy’s. The household income within one mile of the property center recently underwent a $1 billion renovation, surpasses $125,600, $136,200 within three miles, and and features 176 shops, 53 eateries, and a 15-screen $131,693 within five miles of the property. AMC multiplex.

One and a half miles from 10635 Wilshire Boulevard is Beverly Hills and some of the most sought-after real estate in the country. There are few streets that carry the clout of Rodeo Drive, a high-end retail corridor flocked year-round by tourists, where buildings have been known to sell for north of $19,000 per square

The Landmark: 1.9 Miles RODEO DRIVE 2.4 Miles from the Subject Property

Closeto Popular Neighborhoods Proximity

Westwood is an upscale commercial and residential neighborhood in Los Angeles, bounded by Century City, Sawtelle, Brentwood, and Holmby Hills. It’s best known for being the home of the UCLA campus and the pedestrian-friendly Westwood Village. The neighborhood attracts a diverse crowd of residents, from locals to out-of-towners, students to entertainment professionals, and even celebrities.

BEL AIR 4.6 Miles from the Subject Property BEVERLY HILLS 2.4 Miles from the Subject Property

HOLMBY HILLS 2.4 Miles from the Subject Property

26 27

Area Overview

LOS ANGELES COUNTRY CLUB 1.0 Mile from the Subject Property

BEL-AIR COUNTRY CLUB 2.7 Miles from the Subject Property Beverly Hills The average price of a home in Beverly Hills is $3,766,383, which is over three times the value of the average home in Los Angeles, four and three quarter times higher than the value of the average home 34,362 in California, and twelve times higher than the average home in the United States Population Beverly Hills features some of the most expensive residential homes in the Country. It is home to the infamous “$100-Million Home” also known as Opus. The seven bedroom 22,000 square foot mega $195,720 mansion was originally listed for sale at $100 million. Beverly Hills is also home to the famous Playboy Average Household Income Mansion, which sold for $100 million. There are currently six homes for sale in Beverly Hills asking over $50 million. Most notably is a house $3,766,383 with an undisclosed location asking price of $125 million. Not far behind it is 1011 N Beverly Drive Median Home Price with an asking price of $90 million.

28 29

Area Overview Rodeo Drive Rodeo Drive is a two-mile-long street in Beverly Hills, California, with its southern segment in the City of Los Angeles. Its southern terminus is at Beverwil Drive, and its northern terminus is at its intersection with Sunset Boulevard in Beverly Hills.

From Right to Left: Dolce & Gabbana; Bodega Veneta; Valentino; Saint Laurent; Moncler; Balanciaga; Tom Ford; Rolex; Tory Burch; Cartier

Shops: Tiffany & Co; Versache; Porsche Design; Jimmy Choo; Persol; Breguet From Left to Right: Prada; Gucci; Salvator Ferragamo

30 31

Canon Dr

Brighton Way Beverly Dr

Two Rodeo Drive

Rodeo Dr

Dayton Way

Wilshire Blvd

Camden Dr Bel Air The average price of a home in Bel Air is $3,855,434, which is over three times the value 8,253 of the average home in Los Angeles, four and three quarter times higher than the value Population of the average home in California, and twelve times higher than the average home in the United States. $308,886 Average Household Income Bel Air is known for it’s ritzy mansions, Bel Air Country Club, and Bel-Air Hotel. The lavish neighborhood currently has three homes listed for sale at over $50,000,000. The pricy $3,855,434 homes feature unique amenities such as Koi Ponds, infinity pools, and posh home theaters. Median Home Price

32 33

Area Holmby Hills Overview Holmby Hills shares a zip code with neighboring Bel Air. The neighborhoods share similar 2,985 home values which substantially exceed the city, state, and national averages by several Population multiples. $308,886 Holmby Hills is known for it’s ritzy homes and celebrity residents. The neighborhood has Average Household Income been home to famous stars such as Frank Sinatra, Barbara Streisand, Michael Jackson, and Neil Diamond. One recent notable sale is Candy Spelling’s 594 South Mapelton Drive, a 56,000 mega mansion with thirty foot ceilings, bowling alley, and beauty salon which $3,855,434 sold for $120 million. Median Home Price 0.8 Miles from the Subject Property 34 35

Area Overview

UCLA offers 337 undergraduate and graduate degree programs in a wide range of disciplines,[16] UCLA enrolling about 31,500 undergraduate and 12,800 graduate students.[8] UCLA had 168,000 The University of California, Los applicants for Fall 2021, including transfer Angeles (UCLA) is a public land-grant applicants, making the school the most applied- research university in Los Angeles, to of any American university. California. UCLA is the second-oldest The university is organized into six undergraduate (after UC Berkeley) of the 10-campus colleges, seven professional schools, and University of California system. UCLA four professional health science schools. The receives the most college applications undergraduate colleges are the College of Letters and Science; Samueli School of Engineering; of any university in the United States School of the Arts and Architecture; Herb Alpert and is considered one of the most School of Music; School of Theater, Film and prestigious universities in the world. Television; and School of Nursing.

UCLA is considered one of the country’s Public Ivies. It is ranked among the best universities in Motto Fiat lux (Latin) the world by major college and university rankings. Public Land-Grant Type As of October 2020, 25 Nobel laureates, three Research University Fields Medalists, and five Turing Award winners, Established May 23, 1919 and two Chief Scientists of the U.S. Air Force have been affiliated with UCLA as faculty, researchers, Academic AAU; Pacific Rim Affiliations URA; Space-grant or alumni. Academic Staff 4,016 UCLA student-athletes compete as the Bruins in Administrative 26,139 the Pac-12 Conference. The Bruins have won 129 Staff national championships, including 119 NCAA team Students 45,742 (Fall 2019) championships, more than any other university except Stanford University, whose athletes have Mascot Joe Bruin won 126.UCLA students, coaches, and staff have Campus 467 acres won 251 Olympic medals: 126 gold, 65 silver, and 60 bronze. Century City’s Office Campuses 2.3 Miles from the Subject Property

Century City is a 176-acre (71.2 ha) neighborhood and business district in Los Angeles, California. Located on the Westside to the south of Santa Monica Boulevard around 10 miles (16 km) west of Downtown Los Angeles, Century City is one of the most prominent employment centers in the Los Angeles metropolitan area, and 7 its skyscrapers form a distinctive skyline on the Westside. 2 8 6 The district was developed on the former backlot of film 15 studio 20th Century Studios, and its first building was 3 9 opened in 1963. There are two private schools, but no 16 10 public schools in the neighborhood. Important to the 11 economy are the Westfield Century City shopping 1 12 14 center, business towers, and Fox Studios. 18 4 5 13 19 20

17 36 Development Pipeline Map

Subject Property 8 11 Recently Completed 5

In Development

1 13 7 6 10 4 2 12 3 9

DEVELOPMENT PROJECTS CURRENTLY UNDER CONSTRUCTION PROPERTY NAME DEVELOPER UNITS STORIES START YEAR FINISH YEAR

1 1056 South La Cienega Blvd 1056 S La Cienega Blvd, Los Angeles, CA 90035 Amoroso Companies 114 8 2020 2021 2 11407 Santa Monica Blvd 11407 Santa Monica Blvd, Los Angeles, CA 90025 Wiseman Residential 51 28 2017 2021 3 11701 Santa Monica Blvd 11701 Santa Monica Blvd, Los Angeles, CA 90025 Markwood Enterprises 53 6 2020 2022 4 1855 South Westwood Blvd 1855 S Westwood Blvd, Los Angeles, CA 90025 60 7 2020 2022 5 411-439 South Hamel Rd 411-439 S Hamel Rd, Los Angeles, CA 90048 etco Homes 37 5 2020 2021 6 5935 West Pico Blvd 5935 W Pico Blvd, Los Angeles, CA 90035 CityView 123 35 2020 2022 7 6001 West Pico Blvd 6001 W Pico Blvd, Los Angeles, CA 90035 48 6 2019 2021 8 7951 Beverly Blvd 7951 Beverly Blvd, Los Angeles, CA 90048 Uncommon Development 57 13 2020 2022 9 Archer 12431 Rochester Ave, Los Angeles, CA 90025 Oakmont Capital 50 5 2018 2021 10 Landmark Two 11750 Wilshire Blvd, Los Angeles, CA 90025 Douglas Emmett Inc 376 42 2018 2022 11 NMS La Jolla 6401 Wilshire Blvd, Los Angeles, CA 90048 WS Communities 112 56 2019 2022 12 Sawtelle Terraces 1650 S Sawtelle Blvd, Los Angeles, CA 90025 Nayssan Properties 48 7 2017 2021 13 The Olivia 1556 Hi Point St, Los Angeles, CA 90035 AvalonBay Communities 45 7 2019 2021 AVERAGE 1,174 109 - -

37 Westwood , Los Angeles Demographics

MEDIAN AGE WESTWOOD’S TOTAL POPULATION 53 44% 56% 55,858 MALE FEMALE EDUCATION

9% 16% Less Than Some College or Bachelor’s34% Degree Master’s40% Degree High School Associate’s Degree or Higher

38 39 ECONOMY TOP EMPLOYMENT BY INDUSTRIES Area Overview The economy of Westwood, CA employs 559 people. The largest industries in Westwood, CA are Health Care & Social Assistance (101 people), Public Administration (86 people), and Educational Services Health Care & Social (58 people), and the highest paying industries are Assistance Public Administration Educational Services Public Administration ($56,029), Manufacturing ($45,324), and Total ($34,327). 18.1% 15.4% 10.4%

Accommodation & Food Services Manufacturing 9.1% 8.4%

Area Overview 39 40 41

Area Demographics Overview

$136,242 627,390 287,860 Average HH income Population Households within a 3-mile radius within a 5-mile radius within a 5-mile radius

100,537 185,859 61,495 Owner Occupied Housing Renter Occupied Housing Businesses within a 5-mile radius within 5-mile radius within a 5-mile radius

1-MILE 3-MILE 5-MILE 2021 Population 45,352 247,731 627,390 2021 Households 21,786 110,343 287,860 2021 Average Household Size 2.0 2.1 2.1 Annual Growth 2021-2026 0.2% 0% -0.1% 2021 Median Age 37 38 39.8 2021 Owner Occupied Households 8,395 42,379 100,537 2021 Renter Occupied Households 13,497 67,907 185,859 2021 Average Household Income $125,672 $136,242 $131,693 2021 Median Household Income $93,621 $103,934 $99,159 Businesses 6,119 30,416 61,495 Unit Mix UNIT UNIT TYPE RENT UNIT SF RENT/SF MOVE IN DATE 101* 2 Bedroom, 2 Bathroom $3,300 1275 $2.59 4/1/05 102 1 Bedroom, 1 Bathroom $2,226 975 $2.28 4/15/05 103 2 Bedroom, 2 Bathroom MANAGER'S UNIT 1275 MANAGER'S UNIT 11/1/03 104 Studio $1,256 450 $2.79 1/1/04 105 1 Bedroom, 1 Bathroom $2,322 975 $2.38 12/1/02 106* 2 Bedroom, 2 Bathroom VACANT 1275 VACANT 107* 1 Bedroom, 1 Bathroom $3,000 975 $3.08 9/16/15 108* 2 Bedroom, 2 Bathroom $3,000 1275 $2.35 12/1/15 109 1 Bedroom, 1 Bathroom $2,086 975 $2.14 6/1/96 201* 2 Bedroom, 2 Bathroom VACANT 1275 VACANT 5/1/19 202 1 Bedroom, 1 Bathroom $1,850 975 $1.90 1/13/93 203 2 Bedroom, 2 Bathroom $2,605 1275 $2.04 3/1/94 204 Studio VACANT 450 VACANT 205 1 Bedroom, 1 Bathroom $2,054 975 $2.11 5/1/00 206 2 Bedroom, 2 Bathroom $2,449 1275 $1.92 8/15/14 207 1 Bedroom, 1 Bathroom $2,086 975 $2.14 12/1/95 208* 2 Bedroom, 2 Bathroom VACANT 1275 VACANT 2/15/21 209 1 Bedroom, 1 Bathroom $2,003 975 $2.05 3/15/14 301* 2 Bedroom, 2 Bathroom $3,000 1275 $2.35 4/1/21 302 1 Bedroom, 1 Bathroom $3,150 975 $3.23 8/1/19 303* 2 Bedroom, 2 Bathroom $3,000 1275 $2.35 2/1/16 304 Studio VACANT 450 VACANT 305* 1 Bedroom, 1 Bathroom $1,600 975 $1.64 11/1/16 306 2 Bedroom, 2 Bathroom VACANT 1275 VACANT 307* 1 Bedroom, 1 Bathroom $2,500 975 $2.56 3/1/16 308* 2 Bedroom, 2 Bathroom VACANT 1275 VACANT 7/1/17 309* 1 Bedroom, 1 Bathroom $2,200 975 $2.26 8/1/11 401* 2 Bedroom, 2 Bathroom $2,900 1275 $2.27 5/1/10 402* 1 Bedroom, 1 Bathroom $2,500 975 $2.56 11/9/92 42 43

Financials & Comparables

UNIT UNIT TYPE RENT UNIT SF RENT/SF MOVE IN DATE 403* 2 Bedroom, 2 Bathroom $3,700 1275 $2.90 10/1/20 404 Studio VACANT 450 VACANT 405 1 Bedroom, 1 Bathroom $3,400 975 $3.49 5/1/21 406 2 Bedroom, 2 Bathroom VACANT 1275 VACANT 407 1 Bedroom, 1 Bathroom $2,385 975 $2.45 12/1/17 408* 2 Bedroom, 2 Bathroom $3,500 1275 $2.75 2/1/14 409 1 Bedroom, 1 Bathroom VACANT 975 VACANT 501* 2 Bedroom, 2 Bathroom $2,900 1275 $2.27 3/22/91 502 1 Bedroom, 1 Bathroom VACANT 975 VACANT 503 2 Bedroom, 2 Bathroom $3,800 1275 $2.98 9/1/20 504 Studio $2,600 450 $5.78 11/15/20 505* 1 Bedroom, 1 Bathroom $3,400 975 $3.49 11/1/20 506* 2 Bedroom, 2 Bathroom $3,200 1275 $2.51 1/1/21 507 1 Bedroom, 1 Bathroom $1,880 975 $1.93 7/16/99 508* 2 Bedroom, 2 Bathroom $3,500 1275 $2.75 9/1/04 509* 1 Bedroom, 1 Bathroom $3,000 975 $3.08 5/1/21 *Luxury Exempt Unit Total Rent $88,352

2 Bedroom Units 20 1 Bedroom Units 20 Studio Units 5

Occupied Units 35 74% Vacant Units 12 26% Occupied SF 35,025 74% Vacant SF 12,225 26% Average Rent/SF of Occupied Units $2.52 Renovated Units: 302, 404, 405, 503, 504, 505, 509 Semi-Renovated Units: 301, 506 Gutted or Semi-Gutted Units: 204, 304, 306, 406 Studio Rent Comparables Address Asking Rent Unit SF Avg. Rent/SF/Mon

1 10717 Wilshire Blvd $2,183 562 $3.88

3 10401 Wilshire Blvd $2,635 600 $4.39

AVERAGE $2,409 581 $4.14

1 2

44 45

Financials & One-Bedroom Rent Comparables Comparables Address Asking Rent Unit SF Avg. Rent/SF/Mon

1 10833 Wilshire Blvd $4,389 775 $5.67

2 10700 Wilshire Blvd $6,276 1211 $5.18

3 10599 Wilshire Blvd $5,995 825 $7.27

4 875 Comstock Ave $4,500 1193 $3.77

AVERAGE $5,290 1,001 $5.47

1 2 3 4

2 1 Two-Bedroom Rent Comparables Address Asking Rent Unit SF Avg. Rent/SF/Mon 1 10727 Wilshire Blvd $8,250 1697 $4.86 2 10700 Wilshire Blvd $8,024 1654 $4.85 3 10660 Wilshire Blvd $8,500 2089 $4.07 4 10777 Wilshire Blvd $8,500 1400 $6.07 5 10833 Wilshire Blvd $6,212 1146 $5.42 AVERAGE $7,897 1,597 $5.05

1 2 3 4 5

1 3 2 5 4

46 47

Financials & Comparables Exclusively Listed By: