SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

TWO INDUSTRIAL WAREHOUSE BUILDINGS TOTALING 15,295 SQUARE FEET IDEALLY SITUATED ON 22,652 SQUARE FEET OF LAND IN QUALIFIED OPPORTUNITY ZONE AND A TIER 1 TOC IN THE HIGH-GROWTH MID-CITY SUB-MARKET OF , CA INVESTMENT ADVISORS BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Vaughn Brown Tel: (818) 212-2794 Ben Brownstein Fax: (818) 212-2710 Nicole Cottrell [email protected] Andrew Leff License: CA #01434685 Steven Schechter www.BrandonMichaelsGroup.com Austin Sreden

Website Instagram www.brandonmichaelsgroup.com @brandonmichaelsgroup

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 corpora- tion 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.

SOUTHERN CALIFORNIA'S PREMIER SALES TEAM TABLE OF CONTENTS

PROPERTY OVERVIEW 01

FINANCIAL ANALYSIS 02

COMPARABLES ANALYSIS 03

AREA OVERVIEW 04 01 PROPERTY OVERVIEW 5 HOLLYWOOD EAST HOLLYWOOD CENTRAL LA

LA BREA

MIRACLE MILE

S REDONDO BLVD

W PICO BLVD

VENICE BLVD

S REDONDO BLVD DOWNTOWN LA KOREA TOWN

SANTA MONICA FREEWAY

VINEYARD MID CITY

VENICE BLVD

W. WASHINGTON BLVD S. LA BREA AVE

S REDONDO BLVD WESTWOOD

TWO INDUSTRIAL WAREHOUSE BUILDINGS TOTALING 15,295 SQUARE FEET IDEALLY SITUATED ON 22,652 SQUARE FEET OF LAND IN A QUALIFIED OPPORTUNITY ZONE AND A TIER 1 TOC IN THE HIGH-GROWTH MID-CITY SUB-MARKET OF LOS ANGELES, CA

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market for sale 5111 & 5119 West Washington Boulevard, two industrial warehouse buildings totaling 15,295 square feet ideally situated on 22,652 square feet of land zoned C2-1VL located along Washington Boulevard, just West of South and just South of Venice Boulevard in a Qualified Opportunity Zone in Los Angeles, CA. 5111 & 5119 West Washington Boulevard is well located in the high-demand, densely populated Mid-City sub-market of Los Angeles. This centralized Mid-City location is located within close proximity to transit, Culver City, which is going through an extensive revitalization, , the Westside, the Interstate 10 Freeway, and Los Angeles International Airport.

5111 & 5119 West Washington Boulevard consists of a 12,474 square foot industrial warehouse located at 5111 West Washington Boulevard and a 2,821 square foot industrial warehouse located at 5119 West Washington Boulevard. Both buildings will be delivered vacant at the close of escrow. The warehouses have a unique feel, with high-expansive clear heights and wide-open spaces ideal for a multitude of potential uses. The 5119 building has beautiful wood bow trust ceilings. 5111 West Washington has 18-foot clear heights and two drive in doors measuring 10 x 14. 5119 West Washington also has an 18-foot clear height with one drive in door measuring 10 x 14. The property has a total of 14 parking spaces and can accommodate additional vehicles. Both buildings are masonry construction.

The subject property will be delivered vacant at the close of escrow, making this an ideal opportunity for an Owner-User Buyer looking for a gentrifying Los Angeles location that is experiencing tremendous growth and revitalization or an investor looking for a unique value-add opportunity.

5111 & 5119 West Washington Boulevard is situated on 22,652 square feet of land zoned C2-1VL within a Qualified Opportunity Zone and a Tier 1 Transit Oriented Community (TOC). There is significant development and growth in the immediate area, with thousands of new residential units coming online as well as high end commercial and office space. The growth in the immediate area creates significant upside for this unique Los Angeles location.

8 | 5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 WESTWOOD CENTURY CITY BEVERLY HILLS WEST HOLLYWOOD

VENICE BLVD

S SYCAMORE AVE

S ORANGE DR

W WASHINGTON BLVD S MANSFIELD AVE

S LA BREA AVE

9 MID-CITY IS EXPERIENCING TREMENDOUS GROWTH AND UNDERGOING AN EXTENSIVE REVITALIZATION, TRANSFORMING INTO A HIGH-DEMAND SUB-MARKET THAT IS ATTRACTING AN INFLUX OF RESIDENTS, TRENDY SHOPS AND RESTAURANTS AND SIGNIFICANT NEW DEVELOPMENT

5111 & 5119 West Washington Boulevard is centrally located with the high growth, exploding Mid-City sub-market. The immediate area has a rich history as an epicenter for creativity and commerce. Sitting equidistant between downtown Los Angeles and the Pacific Ocean, the Mid-City district is a region of crossroads, a place of transit through which hundreds of thousands of commuters travel each workday.

The area plays a crucial role as a nexus in the city’s impossibly intricate web of commuting patterns, but it is also a collection of highly diverse neighborhoods that stretches from Crenshaw to Robertson Boulevards, home to more than 50,000 Angelenos. Infrastructure improvements linking downtown and the Westside are making Mid-City extremely appealing. There has been a high demand from residents to enter the area due to its centralized location and easy access to all major cities throughout Los Angeles.

Mid-City has undergone a revitalization of recent, as the area has seen an influx of hip and trendy restaurants, shops and entertainment options enter the sub-market, making this a high-demand area with significant growth projections. Multiple residential developments are slated for the immediate area as demand from a younger demographic has increased.

Total population within one, three, and five miles is 48,192, 380,846, and 1,214,414 respectively. Average household income is over $69,000 within one mile of the subject property and increases to over $86,000 within three miles. Median household income is over $50,000 within one mile and over $58,000 within three miles. The subject property benefits from a very walkable walk score of 77, and median home prices in the immediate area at over $608,000.

10 | 5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 KOREATOWN DOWNTOWN LA

CENTRAL LA

MID CITY

VENICE

VENICE BLVD

W 20TH ST

W. WASHINGTON BLVD S REDONDO BLVD

11 12 | 5111 &5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 INVESTMENT HIGHLIGHTS OF POTENTIAL USES POTENTIALOF USES WAREHOUSESINDUSTRIAL WITHAMULTITUDE • • • • • • Ample ParkingAmple Multiple driveindoors clearheights 18-foot bow trust ceilings Beautiful spaces andwide-open clearheights High expansive feet Two square separate industrial warehouses 15,295 totaling EXCELLENT MID-CITY LOCATION MID-CITY EXCELLENT • • • • entertainment options entertainment and shops, hipandtrendy restaurants, of Influx Freeway, International Angeles andLos Airport the Westside, Downtown the InterstateCity, 10 Angeles, Los Culver totransit, proximity withinCentralized close location tremendous growth experienced hasImmediate and sub-market undergone arevitalization Brea Avenue La South Venice of South andjust Boulevard alongWashington located Ideally West just Boulevard, of DENSE URBAN INFILL LOCATION WITH STRONG 22,652 SQUARE FEET OF LAND IN A QUALIFIED IMMEDIATE DEMOGRAPHICS OPPORTUNITY ZONE AND TIER 1 TOC

• Strong demographics with over 1.2 million people within • 22,652 square feet of land zoned C2-1VL five miles • Ideally located in a Qualified Opportunity Zone • Average household income of over $69,000 within a one- mile radius and a median household income of $50,817 • Significant development in the immediate area • Walk score of 77, making this a very walkable location • Gentrifying immediate sub-market • Young demographic with an average age of 36

• Over 16,000 households within a one-mile radius

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 13 14 | 5111 &5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 PROPERTY HIGHLIGHTS BUILDING SF: BUILDING PRICE: OPPORTUNITY ZONE: OPPORTUNITY TOC: ZONING: APN NUMBER: PARKING: DRIVE INDOORS: HEIGHT: CLEAR RATE: CAP PRO FORMA (LAND): PRICE/SF (BUILDING): PRICE/SF SF: LAND PROPERTY I PROPERTY C2-1VL-CPIO 5119 West Washington x12'h Blvd: 1 -10'w 5111 West Washington x14'h Blvd: 2-10'w 5111 West Washington SF Blvd: 12,474 5119 West SF Washington Blvd: 2,821 MATIONNFOR 14 Surface Spaces Available Surface 14 5067-017-033, 5067-017-017 5067-017-033, Total: SF 15,295 $6,950,000 22,652 SF 22,652 5.53% Tier 1 $454 $307 Yes 18' PRO FORMA CAP RATE CAP PRO FORMA PRICE/SF (BUILDING) PRICE/SF 5.53%

PRICE/SF(LAND) $454 $307 5119 W.5119 Washington Blvd

5111 W. Washington Blvd 5119 W. Washington Blvd 5111 & 5119 W. Washington Blvd

5111 W. Washington Blvd

15 16 | 5111 &5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 PROPERTY DETAILS 5067-017-017 5119 W. Washington Boulevard: 5067-017-033 5111 W. Washington Boulevard: NUMBERS APN SycamoreBoulevard Avenue. andS. W. of corner southeast Washington onthe islocated property The subject SITE

20,000 vehicles perday. vehicles 20,000 Washington Boulevard are over along W.The traffic counts COUNTS TRAFFIC SF. is 22,652 SF. land The square footage total 15,295 is buildingsquare footage The total FOOTAGESSQUARE

a Tier1TOC. Zoneand Opportunity within aQualified C2-1VL-CPIO iszoned The property ZONE ZONING/TOC/OPPORTUNITY are available. spaces parking surface 5119 W. Washington Boulevard: 6 are available. spaces parking surface 5111 W. Washington Boulevard: 8 PARKING 5111 W. Washington Blvd 5111 W. Washington Blvd 5111 W. Washington Blvd

5111 W. Washington Blvd

5119 W. Washington Blvd

17 18 | 5111 &5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 OPPORTUNITY ZONE HIGHLIGHTS Fund investors. earned through Together, the fund. returns after-tax Opportunity boost for can incentives tax these treatment appreciation allfuture for tax-free receive potentially also theycan that gain. that, Beyond on liability their andreduce tax defer theycan Fund, gain intoanOpportunity capital qualifying ZoneProgram, reinvests a aninvestor if Under the Opportunity event. gain, whichisataxable they realize a capital or real estate, such as stocks Whenan appreciated asset, an divests investor andoverthe immediately longterm. incentives gain tax substantialcapital receive can investors Funds, Opportunity through Zones Qualified Opportunity Zoneprogram inQualified andinvesting In followingthe rules Opportunity for exchange of within 30months purchase. of the becompleted buildingmust theof development the from ground uporimproved, building. Whether the buildingisconstructed more invest must inthe the it improvement buildingthan of paidtobuy the it building, an existing Fund in the improvement invests of IfanOpportunity buildings. unused existing improvement of newbuildings andthe of substantial Funds inthe invest construction only can Opportunity Funds. through Opportunity specifically Zones inOpportunity invest must investors benefits, Zoneprogram. To available incentives throughtax exclusively the Opportunity tax these access gains capital access can investors Zones, In inOpportunity investing for exchange communities. identified tohelpspur theof isdesigned Zones development The designation Opportunity of underthe program. acommunity of development that money intothe andtherefore the beinvested amountof can participate, whocan investors eachyear, issued the credits number the of limits number inherently of limits system it credit toannual the Congressional approval authority.tax allocation Because credit subject and/ortax Program Income andLow Housing Tax (LIHTC) Credit Program, areinsupply and more limited such programs, as Tax the New Markets Existing (NMTC) Credit government tofunction. agencies costly, less reliant andless upon Zoneprogram restrictive, isless the Opportunity advantages, tax programs toencourageUnlike designed private existing investment inlow-income areas through andoverthe immediately longterm. both gains incentives tax capital access can investors Zones, Opportunity within Qualified In incommunities investing for exchange US households. aims tostimulate the the $6.1 investment estimated of private unrealized trillion of gains heldby low-income census tracts across the US, thislow-income program the across census US, tracts thousands todeveloping of money taxpayer dedicating Instead of incentives. gain tax capital for in exchange Zone communities private investment in Opportunity Zoneprogram was created tostimulate The Opportunity the investment if held for at least 10years. ifheld at for least investment the if tax gains capital the exclusion from permanent for qualify can investments Zone Opportunity from Fund earned gains Opportunity because That’s Fund investment. Opportunity in their onany appreciation taxes gains pay nocapital to expect can 10years at for least investment • Opportunity Fund program. Opportunity available underthe treatment any for tax qualify 180days Fund to within inorder Opportunity inaQualified beinvested 31, 2026.Gains must December held through investments 2027 for April until earnings those for tax gains capital can defer paying Fund Opportunity a Qualified •

reduced by 15%total. reduced be can liability tax 31,2026,the December to is heldprior aminimumofseven for years Fund investment by 10%.Ifthe Opportunity the in invested principal gain capital deferred on the liability their reduce 31,2026,can December to prior five at for least years investments • Those who invest realized capital gains into gains capital realized whoinvest Those Those who hold their Opportunity Fund Opportunity whoholdtheir Those Those who hold their Opportunity Fund Opportunity whoholdtheir Those California’s 2018 Strategy Tax Benefits of Qualified Opportunity Funds Goal: Build an equitable and sustainable pipeline of investment projects Sale of Gain from Prior- 10% Basis 5% Basis Step- Basis Step Property Sale is Deferred Step-Up on Up on De- -Up to FMV Deferred-Gain ferred-Gain of QOF State InterAgency Local Project Catalytic Community OZ Work Group Predevelopment Foundation Partnerships and and Web Portal Activity Support Roundtables 180 Days Prior QOF QOF QOF Prior to QOF Investment Investment Investment Investment Investment Gain Reinvest- +5 Years +7 Years 10+ Years ed into QOF

Project Preparation, Planning, Public Engagement

No Capital Gains When Opportunity Funds are OZ Project Pipeline: Key Anchors Held for at Least 10 Years

Community Existing State and Local Economic Anchors: Ed’s and Local Project and Med’s, Schools, Ecosystems and Planning Invest- Utilities, Work- YEAR 5 APRIL 15, Strategies 2024 2027 ments force, Entrepre- neurs, etc. Tax on original Pay taxes on capital gain is original deferred reduced by 10% capital gains (minus 15% reduction)

California’s OZ Pipeline State “Dealbook”

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

YEAR 1 YEAR 7 YEAR 10 2019 2026 2029 OP Zone OP Zone OP Zone Rollover gain into Tax on original capital All capital gains taxes gain is reduced by are now eliminated on Funds Funds Funds Opportunity Fund ( defer tax on gain) anothe 5% potential points from (15% total reduction) Opportunity Fund

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 19 02 FINANCIAL ANALYSIS

22 | 5111 &5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 FINANCIAL ANALYSIS PRO FORMAOPERATING DATA RENT ROLL Net Operating Income Expenses Gross Income Effective ChargesNNN Income Lease Scheduled ADDRESS TOTAL 5119 5111 15,295 12,474 2,821 SF PRO FORMA $384,006 $384,006 $127,778 $127,778 $511,784 100% SF % 82% 18% PRO RENT FORMA Electricity Insurance Taxes @1.25% PRO EXPENSES FORMA Trash Management Landscaping Parking Lot SweepingParking Lot TOTAL $32,000.50 $32,000.50 $24,948.00 $24,948.00 $7,052.50 PRO RENT/SF FORMA $2.00 $2.00 $2.50 $2.50 $2.10 PER YEAR 17778 $127,7 $86,875 $86,875 $15,360 $15,360 $5,353 $5,353 $4,589 $4,589 $3,059 $3,059 $4,894 $4,894 $7,648 $8.35/$0.70 LEASE TYPE LEASE PER SF $0.30 $0.30 $0.50 $0.50 $0.35 $0.35 $0.20 $0.20 $5.68 $0.32 $0.32 $1.00 $1.00 NNN NNN - PRICING

PRICE: $6,950,000

BUILDING SF: 15,295 SF

LAND SF: 22,652 SF

PRICE/SF (BUILDING): $454

PRICE/SF (LAND): $307

PRO FORMA CAP RATE: 5.53%

PRO FORMA NOI: $384,006

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 23 03 COMPARABLES ANALYSIS

BUILDING PRICE/SF PRICE/SF SALES ADDRESS PRICE LAND SF ZONING SF (BLDG) (LAND) DATE

5059 W Pico Blvd 1 $2,500,000 3,912 $639.06 5,663 $441.48 C4 3/30/2018 Los Angeles, CA 90019

5060 W Pico Blvd 2 $2,400,000 4,100 $585.37 6,098 $393.55 C4 3/1/2018 Los Angeles, CA 90019

5067 W Washington Blvd 3 $4,050,000 8,976 $451.20 6,098 $664.11 LAC2 7/31/2018 Los Angeles, CA 90016 SALES COMPARABLES

C2-1, 5299 W Washington Blvd 4 $2,600,000 4,881 $532.68 9,435 $275.57 City of 1/24/2018 Los Angeles, CA 90016 L.A.

5444-5458 W Washington CM-1, 5 Blvd $5,400,000 10,021 $538.87 16,753 $322.33 Los 5/13/2019 Los Angeles, CA 90016 Angeles

5635 W Washington Blvd 6 $3,455,000 6,050 $571.07 10,742 $321.64 LACM 8/14/2019 Los Angeles, CA 90016

AVERAGE $3,400,833 6,323 $553.04 9,132 $403.11 - -

26 | 5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 5111 & 5119 W. Washington Blvd

1 5059 W Pico Blvd

1 2 5060 W Pico Blvd 2 3 5067 W Washington Blvd

4 5299 W Washington Blvd 4 3 5 5444-5458 W Washington Blvd 5 6 6 5635 W Washington Blvd

SALES COMPARABLES | PRICE/SF

5111 & 5119 W. WASHINGTON BLVD IS PRICED $553 AVG PRICE/SF (BUILDING) BELOW18% AVG BUILDING SALES COMPARABLES

5111 & 5119 W. WASHINGTON BLVD IS PRICED $403 AVG PRICE/SF (BUILDING) 24%BELOW AVG LAND SALES COMPARABLES

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 27 28 | 5111 &5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 SALES COMPARABLES 3 2 1 Sales Date Sales Zoning Price/SF (Land) Price/SF (Building) SF Land Building SF Price Sales 90019 CA Angeles, Blvd5059 W Pico |Los Sales Date Sales Zoning Price/SF (Land) Price/SF (Building) SF Land Building SF Price Sales WWashington5067 90016 CA Angeles, Blvd |Los Date Sales Zoning Price/SF (Land) Price/SF (Building) SF Land Building SF Price Sales 90019 CA Angeles, Blvd WPico |Los 5060 $2,500,000 $2,500,000 $2,400,000 $2,400,000 $4,050,000 $4,050,000 3/30/2018 7/31/2018 3/1/2018 $639.06 $393.55 $585.37 $585.37 $441.48 $441.48 $451.20 $451.20 $664.11 6,098 6,098 5,663 LAC2 8,976 4,100 3,912 C4 C4 4 5299 W Washington Blvd | Los Angeles, CA 90016 Sales Price $2,600,000 Building SF 4,881 Land SF 9,435 Price/SF (Building) $532.68 Price/SF (Land) $275.57 Zoning C2-1, City of L.A. Sales Date 1/24/2018

5 5444-5458 W Washington Blvd | Los Angeles, CA 90016 Sales Price $5,400,000 Building SF 10,021 Land SF 16,753 Price/SF (Building) $538.87 Price/SF (Land) $322.33 Zoning CM-1, Los Angeles Sales Date 5/13/2019

6 5635 W Washington Blvd | Los Angeles, CA 90016 Sales Price $3,455,000 Building SF 6,050 Land SF 10,742 Price/SF (Building) $571.07 Price/SF (Land) $321.64 Zoning LACM Sales Date 8/14/2019

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 29 RENTABLE RENT/SF/ RENT/SF/ LEASE TIME ON LEASE ADDRESS SF LEASED SF MONTH YEAR START MARKET TYPE

5429 W Washington Blvd 1 5,252 5,252 $1.91 $22.92 Jul 2019 4 Months MG Los Angeles, CA 90016

5324 W Washington Blvd 2 Bldg A 7,820 2,545 $1.95 $23.40 Jan 2019 4 Months NNN Los Angeles, CA 90016 RENT COMPARABLES RENT

AVERAGE 6,536 3,899 $1.93 $23.16 - - -

30 | 5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 5111 & 5119 W. Washington Blvd

1 5429 W Washington Blvd

2 5324 W Washington Blvd

2 1

RENT COMPARABLES | RENT/SF/MONTH

$1.93 AVG RENT/SF/MONTH

$23.16 AVG RENT/SF/YEAR

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 31 04 AREA OVERVIEW

MID-CITY, CENTRAL LOS ANGELES

4.7 Miles Mid-City is a neighborhood in Central Los Angeles, California. 1 Attractions include restaurants and a post office named for singer Ray Charles, who had his 3 5.1 Miles recording studio in Mid-City. The neighborhood hosts eleven public and private schools. 4

AREA OVERVIEW AREA The Crenshaw/LAX Line from north-south is proposed to serve this area.

The 2000 U.S. census counted 52,197 residents in the 3.47-square-mile neighborhood—an average of 15,051 people per square mile, among the highest population densities in Los Angeles County. In 2008, the city estimated that the population had increased to 55,016. The median age for residents was 31, about average for both the city and the county.

8.8 Miles As part of their long-range plans, the Los Angeles County MTA has proposed the Metro Crenshaw/LAX Line, which would place a rail transit station in Mid-City. The proposed rail stop is at the intersection of Pico and San Vicente Boulevards—site of the old Vineyard Junction. That same intersection was a former rail stop of the Red Car lines.

MIRACLE MILE: 2.2 MILES WEST HOLLYWOOD: 4.7 MILES BEVERLY HILLS: 5.1 MILES DOWNTOWN LA: 5.5 MILES WESTWOOD: 9.6 MILES

34 | 5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 NEARBY ATTRACTIONS

1 BEVERLY CENTER 4.7 Miles Beverly Center is Southern California's quintessential fashion and dining destination with over 100 distinctive specialty boutiques and 2 restaurants. Developed and managed by The Taubman Company, Beverly Center provides unparalleled access to millions of visitors annually. Beverly Center offers a wide variety of dynamic in-mall opportunities and advertising formats to maximize branding 3.9 Miles exposure as customers shop. 5.5 Miles 2 THE GROVE The Grove is a popular fashion, shopping, dining and lifestyle destination with the best mix of retail, restaurants and entertainment in Los Angeles. The Grove is anchored by Nordstrom and has flagship stores such as Barnes & Noble and Apple. Other stores in the center include Michael Kors, Crate & Barrel, Nike, Coach, Barneys New York, and American Girl Place.

3 RODEO DRIVE Rodeo Drive is a two-mile-long street, primarily 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 in Beverly Hills. With more than 100 world-renowned stores and hotels comprising its three magnificent blocks within the Golden Triangle, it is easy to become lost in the street's splendor and charm.

4 WESTFIELD CENTURY CITY Westfield Century City, formerly known as Century Square Shopping Center , is a two-level, 1.3 million-square-foot outdoor shopping mall in the Century City commercial district in Los Angeles, California. A property of the Westfield Corporation, the mall is anchored by Nordstrom, Bloomingdale's, Macy's, a Gelson's supermarket, and a 15-screen AMC multiplex.

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 35 DEMOGRAPHICS

28,462 1.59% CENTRAL LA POPULATION ANNUAL POPULATION GROWTH CALIFORNIA AREA OVERVIEW AREA

EDUCATION

17% 21% 18% 9% BACHELOR’S DEGREE HIGH SCHOOL GRADUATE SOME COLLEGE OR ASSOCIATES DEGREE MASTER’S DEGREE OR HIGHER

ECONOMY

The economy of Central, LA employs 13.6k people. The largest industries in Central, LA are Health Care & Social Assistance (1,962 people), Manufacturing (1,806 people), and Retail Trade (1,342 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($115,000), Agriculture, Forestry, Fishing & Hunting, & Mining ($106,488), and Manufacturing ($80,864).

36 | 5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 DEMOGRAPHICS 1 MILE 3 MILES 5 MILES 2019 Total Population: 48,445 381,552 1,217,932 Population Growth 2019-2024 0.09% 1.04% 1.51% Average Age: 36.90 38.40 37.80 2019 Total Households: 16,318 150,082 478,593 $86,476 $58,060 Avg Household Size: 2.90 2.50 2.40 AVERAGE HH INCOME MEDIAN HH INCOME 2019 Owner Occupied Households: 5,250 42,507 117,039 WITHIN 3-M RADIUS WITHIN 3-M RADIUS 2019 Renter Occupied Households: 11,068 107,575 361,554

2019 Median Household Income $50,817 $58,060 $49,950 2019 Average Household Income $69,815 $86,476 $78,292 2019 HOUSEHOLDS BY HOUSEHOLD INCOME <$25,000 4,597 36,264 134,839 117,039 361,554 $25,000 - $50,000 3,455 31,009 104,631 OWNER OCCUPIED HOUSEHOLDS RENTER OCCUPIED HOUSEHOLDS $50,000 - $75,000 2,860 23,664 72,506 WITHIN 5-M RADIUS WITHIN 5-M RADIUS $75,000 - $100,000 1,997 16,069 48,546 $100,000 - $125,000 1,201 12,003 33,974 $125,000 - $150,000 678 7,057 20,481 $150,000 - $200,000 780 9,779 24,678 $200,000+ 749 14,238 38,935 $150,000 - $199,999 1.2% 3.4% 4.0% 1,217,932 62,227 $200,000 - $249,999 0.6% 1.0% 1.4% POPULATION WITHIN 5-M RADIUS BUSINESSES WITHIN A 5-M RADIUS $250,000 + 1.0% 1.8% 2.4%

5111 & 5119 WASHINGTON BOULEVARD, LOS ANGELES, 90016 | 37 SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

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