La Brea 201-217 N La Brea Ave and 119-121 E Regentst 90301 33,790 SF Mixed-Use (Retail & Hotel) - 38,750 SF Prime Land Inglewood, Ca

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the pointe @ Florence - La Brea 201-217 N La Brea Ave and 119-121 E RegentSt 90301 33,790 SF Mixed-Use (Retail & Hotel) - 38,750 SF Prime Land inglewood, ca

Brochure Revision Date - January 29,2016 #09976311 Curtis L. Fralin Fralin Commercial, Inc. Exclusive Listing #01225865 Stanley Bishop 3701 Stocker Street , Suite 410, Los Angeles 90008 #01925848 Julian B. Curry the pointe @ Florence - La Brea 201-217 N La Brea Ave and 119-121 E RegentSt 90301 33,790 SF Mixed-Use (Retail & Hotel) - 38,750 SF Prime Land inglewood, ca

201 n la brea Highlights 217 n la brea

Property Type Mixed-Use (Retail - Hotel) - Two Parcels w/ Separate APNs Property Type Retail # of Units 7 stores & 34 rooms - Upside in Current Rents & Lease Terms # of Units 1 store Year Built 1925 - Prime Downtown Inglewood Location Year Built 1926 Building Size 23,880** sf - Future Vertical Development Potential Building Size 9,910** sf Land Size 15,141 sf - Adjacent to Proposed Mixed-Use Development Land Size 23,609 sf APN 4015-029-004 - Steps to NEW Metro Crenshaw/LAX Light Rail Station APN 4015-029-003 Parking 0 - Major Signalized Corner at Florence Ave. & La Brea Ave. Parking 23* striped spaces Zoning C1 Zoning C1 - 2 Miles From The Forum and Future Rams NFL Stadium **Building Size Approximate. Buyer to Verify Actual Building Size with City of Inglewood *Shared with 201 N La Brea

Fralin Commercial, Inc. EXECUTIVE SUMMARY The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. the pointe @ Florence - La Brea Built in 1925 & 1926, the pointe @ Florence - La Brea is an eclectic mix of street retail shops and efficiency hotel rooms located in Downtown Inglewood, CA. The property is situated at the major signalized hard corner on La Brea Ave just south of Florence Ave and a ten minute drive to the The Forum and future Rams NFL stadium.

Presently, 201 N La Brea Ave offers 7 street fronting retail spaces and 34 hotel rooms on the second floor. The Regent Hotel has been operating for over 30 years. Buyers must check with the City of Inglewood to investigate the grandfathering of the hotel use and what other uses would be permissible. The Furniture Outlet store located at 217 N. La Brea has been in business for over 10 years. They are presently on a month to month lease and will require 90 days’ notice to vacate. Both parcels are contiguous and have separate APN’s. Both properties are being sold as one.

This large, hard-corner, block to block property offers an opportunity to rehab and re-tenant the existing buildings or propose a major ground-up development project. Both properties combined contain approximately 38,750 square feet of land which is zoned C-1. Please confirm with the City of Inglewood that C-1 zoning has no height restriction. Across the street on the SEC of La Brea Ave and Florence Ave, a major mixed-use retail/residential project (Market Gateway) is slated to be developed soon and on the NEC the Crenshaw/LAX Metro light rail station is under construction. the pointe @ Florence - La Brea is an excellent investment opportunity that offers strong future development potential and upside in current rents and lease terms.

CONFIDENTIALITY AGREEMENT InvestmentFralin Commercial, Real Estate Associates Inc. PROPERTY INFORMATION TheThe information information provided provided herein herein is from is from sources sources we we believe believe are are reliable. reliable. While While we we do do not not doubt doubt its itsaccuracy, accuracy, we we have have not not verified verified it andit and make make no representations,no representations, guarantees guarantees or orwarranties warranties about about it. it. Fralin Commercial, Inc. PROPERTY PERSPECTIVES The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Fralin Commercial, Inc. PROPERTY PERSPECTIVES The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Fralin Commercial, Inc. PROPERTY PERSPECTIVES The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Fralin Commercial, Inc. PROPERTY PERSPECTIVES The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Fralin Commercial, Inc. PROPERTY PERSPECTIVES The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Fralin Commercial, Inc. PROPERTY PERSPECTIVES The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Fralin Commercial, Inc. PROPERTY PERSPECTIVES The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. FralinInvestment Commercial, Real Estate Associates Inc. REGIONAL REFERENCE MAP The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. the pointe @ Florence - La Brea

*Subject Site*

D3-Market Gateway Mixed-Use Development

Inglewood & Superior Courthouse

Inglewood City Hall

FralinInvestment Commercial, Real Estate Associates Inc. AERIAL MAP The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. CONFIDENTIALITY AGREEMENT InvestmentFralin Commercial, Real Estate Associates Inc. CRENSHAW/LAX TRANSIT CORRIDOR TheThe information information provided provided herein herein is from is from sources sources we we believe believe are are reliable. reliable. While While we we do do not not doubt doubt its itsaccuracy, accuracy, we we have have not not verified verified it andit and make make no representations,no representations, guarantees guarantees or orwarranties warranties about about it. it. the pointe @ Florence - La Brea

217 N La Brea Ave

201 N La Brea Ave

Fralin Commercial, Inc. PARCEL MAP The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. “City of Champions” inglewood, ca

he City of Inglewood is located in th South Bay region of Los Angeles County. It is believed that the written history of the city can be traced to the original settlers of Great Western Forum Los Angeles in the year 1781. The City of Inglewood was incorporatedT on February 14, 1908. Inglewood has been home to the Hollywood Park Racetrack from 1938 to 2013, one of the premier horse racing venues in the United States. Fosters Freeze, the first Soft Serve ice cream chain in California, was founded by George Foster in 1946 in Inglewood. Inglewood was named an All-American City by the National Civic League in 1989 and yet again recently in 2009. Inglewood is bordered by Ladera Heights/View Park-Windsor Hills to the North, Westchester to the West, Westmont to the East, and Lennox/Hawthorne to the South. With easy access to the 405, 10, and 105 freeways, Inglewood is a centrally located city that provides a gateway to the rest of Los Angeles County.

nglewood is known for providing a business friendly climate with a local government determined to create a bustling economy. With a population of approximately 260,558 in a 3-mile radius of the subject property, Inglewood provides a veryI dense demographic. Average household income within the same 3-mile radius is approximately $65,604, further confirming the strength of the demographics in the City of Inglewood.

Fralin Commercial, Inc. INGLEWOOD CITY INFORMATION The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Hollywood Park Redevelopment Program

Construction already under way at Hollywood Park!

Park Systems 25 ACRES Inglewood, CA. – June 16, 2014 - Construction is officially Civic Sites 4 ACRES under way on the redevelopment of Hollywood Park, site Retail & Entertainment 620,000 SQ. FT. of the storied former thoroughbred racetrack in Southern Offices 75,000 SQ. FT. California. Community Space 10,000 SQ. FT. Casino (Renovated) 120,000 SQ. FT. The first phase of construction includes preparation of the Hotel 300 ROOMS site and Residential 2,995 HOMES demolition of the racetrack and grandstands. Workers are beginning the required environmental remediation, grading and other steps needed before the installation of infrastructure such as streets, utilities, landscaping and parks.

Hollywood Park will be a 238-acre mixed-use community that will include up to 2,995 homes, 620,000 square feet of retail space and 25 acres of parks. A major park to be called Champion Park is slated to be constructed as part of the first For More Information: phase. A card-club casino currently on site is open and will www.hollywoodparklife.com remain in operation during construction. 310.382.9029 [email protected] Hollywood Park is three miles east of Los Angeles International Airport and is just minutes from two of California’s busiest roadways. The site is within a 30-minute commute of more than 3 million jobs.

Fralin Commercial, Inc. INGLEWOOD DEVELOPMENT The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. NFL Stadium Pending Development

Inglewood, CA. – Jan. 12, 2016 - For more than two decades, billionaire developers, corporate titans, Hollywood power-brokers and four Los Angeles mayors tried and Location Inglewood failed to bring the National Football League back to the nation’s second-largest Developer S. Kroenke & Stockbridge CG market. Proposed Capacity 70,240 Seats Date Proposed Jan. 5th 2015 The odyssey ended Tuesday. Stadium Design HKS Inc. NFL owners voted 30-2 to allow the St. Louis Rams to move to Los Angeles for the Ground-Breaking TBD 2016 season and to give the San Diego Chargers a one-year option to join the Rams in Inglewood. The Rams’ home will ultimately be on the site of the old Hollywood Park racetrack in Inglewood in what will be the league’s biggest stadium by square feet, a low-slung, glass-roofed football palace with a projected opening in 2019 and a price tag that could approach $3 billion. Developers envision transforming the 298-acre Inglewood site into a multibillion- dollar entertainment, retail and housing complex, with the privately financed stadium and a performing arts venue as the centerpiece. Chris Meany, development manager for the Hollywood Park Land Co., said he isn’t sure when stadium construction will begin, but “I’m expecting tomorrow to be told not to sleep for a while.” The stadium will have identical locker rooms, offices and owner’s suites for two teams. There will be 70,240 seats and the capacity can be expanded to add 30,000 people in standing-room-only areas for large events. The venue, set 100 feet into the ground and with a 175-foot above-ground profile, and developers hope to host such indoor events as college basketball’s Final Four, NFL’s Rams Stadium Site Rendering the NFL Pro Bowl and scouting combine in addition to conventions and award shows.

Inglewood, CA. – March 26, 2015 - Long awaited development of the D3/Market Street site is about to get underway.

The site consists of 6 separate parcels, approximately 3.99 total acres. The site will border on La Brea Avenue, Florence Avenue, Market Street and Regent Street. Inglewood City Planner Mindy Wilcox presented an overview of the new project, which will incorporate retail space, housing, entertainment, and restaurants in downtown Inglewood. The project will be a welcome addition to Metrolink’s Crenshaw/LAX station, expected to open at Florence and La Brea in 2018.

The proposed project will contain 243 market rate-rental units and 55,000 sq. ft. of new retail. The developer has also proposed collaboration to renovate and eventually reopen the historic Fox Theatre on Market Street. The project is scheduled to begin construction in 2017 and be completed in 2020.

Trader Joes and Tender Greens restaurant are among prospective tenants at the site.

lle ilil e b s a ra /Mo e ssNot ar res Av TypTyp e a d FtFt t d FF Typ se Not A /Sq Comp $ Sq Lea

A 5356-5360 Crenshaw Blvd, Los Angeles $1.82 769 Street front MG 3 yr. lease term (7/15 - 6/18) B 428-436 E. Manchester Blvd., Inglewood $1.10 1,360 street front MG 2 yr. lease term (1/15 - 12/17) C 900-904 N. La Brea, Inglewood $1.65 1,700 Street Front MG 5 yr. lease term (8/14 - 7/19) D 208-212 S. La Brea, Inglewood $0.75 2,500 Street Front MG 3 yr. lease term (5/13 - 5/16) E 701-707 S. La Brea, Inglewood $1.14 1,400 Street Front MG 3 yr. lease term (3/13 - 2/16)

Averages $1.29$1.29$1.29--- Street Front MGMGMG

Subject $0.55$0.55$0.55--- Street Front MGMGMG

Address City 5356-5360 Crenshaw Blvd, Los Angeles Los Angeles, Ca 428-436 E. Manchester Blvd., Inglewood Inglewood, Ca 900-904 N. La Brea, Inglewood Inglewood, Ca 208-212 S. La Brea, Inglewood Inglewood, Ca 701-707 S. La Brea, Inglewood Inglewood, Ca

Fralin Commercial, Inc. LEASE COMPARABLE SUMMARY The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. *Subject Site*

Fralin Commercial, Inc. LEASE COMPARABLE MAP The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. the pointe @ Florence - La Brea (201 & 217 N La Brea Ave, Inglewood CA 90301)

FT. LE T B L A I ICE R ESS E SQ. FT. R PR L R SQ. AP R BU B C DD A PE E ALE E OF ESCROW OMPA A Y S TA CE C OS C EN LOS R PRI C

A 1039-1047 N La Brea Ave 1947 $715,000 5,176 $138.14 4.95% 11/30/2015 B 8629 Crenshaw Blvd 1965 $270,000 756 $357.14 N/A 10/27/2015 C 10400 S Prairie Ave 1935 $1,400,000 5,880 $238.10 N/A 8/25/2015 D 233 W Manchester Blvd 1946 $750,000 3,137 $239.08 N/A 8/14/2015 E 10521 S Inglewood Ave 1959 $580,000 2,274 $255.06 N/A 6/16/2015

AVERAGES 1950 $743,000 3,445 $245.50 4.95% SUBJECT 1925 & 1926 $4,995,000 33,790 $147.82 1.60%

Address City 1039-1047 N La Brea Ave Inglewood, Ca 8629 Crenshaw Blvd Inglewood, Ca 10400 S Prairie Ave Inglewood, Ca 233 W Manchester Blvd Inglewood, Ca 10521 S Inglewood Ave Inglewood, Ca

Fralin Commercial, Inc. SALES COMPARABLE SUMMARY The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. *Subject Site*

Fralin Commercial, Inc. SALES COMPARABLE MAP The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. the pointe @ Florence - La Brea 201 & 217 N La Brea, Inglewood, CA 90301 [email protected] Curtis L. Fralin [email protected] Stanley Bishop [email protected] Julian B. Curry 310.272.7616 3701 Stocker Street , Suite 410, Los Angeles 90008

FINANCIAL INDICATORS: As of 12/31/15 Price: $4,995,000 Down Payment: $4,995,000 ESTIMATED ANNUALIZED EXPENSES: ESTIMATEDESTIMATED ANNUALIZEDANNUALIZED OPERATINGOPERATING DATA:DATA: Down Payment %: 100% Taxes: $62,437 CURRENT MARKETMARKET Insurance: $6,000 Scheduled Gross Income: $201,420 $448,800 Current CAP: 1.6% Utilities: $10,800 Plus CAM Recapture: $0 $33,500 Market CAP: 7% Maint. & Repair: $12,000 Total Income: $201,420 $482,300 Price Per Sq. Ft. (Building): $147.82 Rubbish $4,800 Less Vacancy: 5.0% ($10,071) ($24,115) Price Per Sq. Ft. (Land): $128.90 Management: $14,400 Gross Operating Income: $191,349 $458,185 Avg. Mo. Rent/Net Sq. Ft. $1.31 Parking $1,200 Less Expenses: 55.4% ($111,637) ($111,637) Net Operating Income: $79,712 $346,548 Cash on Cash Return: 1.6% Total Expenses: $111,637 Less Loan Payment 1st: $0 $0 Pre-Tax Cash Flow: $79,712 $346,548

Percentage Return: 1.6%1.6%1.6% 7%7%7% PROPERTY ABSTRACT: Type: Mixed Use Age: 1925 & 1926 Lot Size: 38,750 Bldg. SqFt: 33,790 Parking Spaces: 23

Fralin Commercial, Inc. FINANCIAL ANALYSIS The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. the pointe @ Florence - La Brea (201 & 217 N La Brea Ave, Inglewood CA 90301) As of 12/31/15

E FT. T PE . Y ITE DEPOSIT / SQ SU SQ.FT T TENANT LEASE RA LEASE T REN LEASE START LEASE EXPIRE TERMINATION SECURITY

119 Juice Café 720 $1.32 $950.00 4/1/2015 4/1/2016 MG N/A $1,900.00 121 Computer Repair 800 $0.59 $475.00 5/8/2014 5/1/2016 MG - $1,200.00 201 Furniture Storage 5,000 $0.20 $1,000.00 M-M 12/1/2016 MG 90 days notice $1,500.00 205 Hair Salon 2,750 $0.67 $1,845.00 1/1/1990 1/1/2017 MG N/A $2,400.00 207 Pool Hall 1,500 $1.09 $1,640.00 M-M 1/1/2016 MG N/A $1,025.00 209 Tobacco Shop 1,443 $0.69 $1,000.00 M-M 12/1/2016 MG 90 days notice $2,000.00 211 Market 440 $1.43 $630.00 8/1/1992 4/1/2017 MG 4/1/2016 $1,000.00 213 Regent Hotel**** 8,800 $0.40 $3,495.00 M-M 12/31/2015 MG - $2,015.00 217 Furniture Sales Store 9,910 $0.63 $6,200.00 M-M 12/1/2016 MG 90 days notice $12,000.00 *As of 1/1/16, lease rate is $0 (See Regent Hotel lease addendum dated 1/8/16). As recently as August 2015, hotel lessee had gross monthly rental income of $12,682.64 (with only 26 rooms rented for the full month out of 34 rooms).

Total Building SF** 31,363 **Title Abstract Indicates Total SF For Both Buildings is Approx. 33,790

MONTHLY TOTALS $0.55 $17,235.00

ANNUAL TOTALS $6.59 $206,820.00

The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.

Fralin Commercial, Inc. LEASE SUMMARY The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Unit Type Rent Market As of 12/31/15

201 Furniture Storage $1,000.00 $5,000 205 Hair Salon $1,845.00 $2,000 207 Pool Hall $1,640.00 $2,000 209 Furniture Storage $550.00 $1,100 211 Tobacco Shop $630.00 $1,000 213 Regent Hotel $3,495.00 $8,800 119 Juice Café $950.00 $1,500 121 Computer Repair $475.00 $1,000 217 Furniture Sales Store $6,200.00 $15,000

Total: $16,785 $37,400

Annual Rent: $201,420 $448,800

Fralin Commercial, Inc. RENT ROLL The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. Curtis L. Fralin [email protected] BRE# 09976311

Stanley Bishop [email protected] BRE# 01225865

Julian B. Curry [email protected] BRE# 01925848 310.272.7616 3701 Stocker Street , Suite 410, Los Angeles 90008

Fralin Commercial, Inc. CONTACT INFORMATION The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.