5128 VALLEY BOULEVARD & 2262 BEATIE PLACE LOS ANGELES, CA 90032 Colliers Brokerage |

East Los Angeles Flex Office with Abundant Parking For Sale 5128 VALLEY BOULEVARD & 2262 BEATIE PLACE LOS ANGELES, CA 90032 Colliers Brokerage |

NATHAN PELLOW Executive Vice President License No. 01215721 213 532 3213 [email protected]

PATRICK MOODY Associate License No. 02024230 213 327 3334 [email protected]

Colliers International 865 South Figueroa Street Suite 3500 Los Angeles, CA 90017 www.colliers.com

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers InternationalPage 2 | andColliers /or its licensor(s). International 2018. All rights reserved. 24105128 Beverly Valley Boulevard | Page 3

THE OFFERING > 5128 VALLEY BOULEVARD LOS ANGELES, CA 90032

Colliers International, as exclusive broker, is pleased to announce that we have been retained to represent the owner in a sale of the commercial property located at 5128 Valley Blvd in Los Angeles, CA. 5128 Valley Boulevard contains a two-story, 5,340 square foot office property equipped with a secured gated parking lot that includes roughly 12 parking spaces. The property also includes a 4,500 square foot parcel of land with the potential for an additional 8-10 parking spaces, along with a 910 square foot annex building curently used as an apartment. The property is located within close proximity to Downtown, Lincoln Heights, and Alhambra, which provides easy access to the 710 and 10 freeways. The immediate area is following the path of it’s neighbors, Lincoln Heights, Highland Park, and Alhambra, and becoming a very attractive location for new businesses and developments. 5128 Valley Blvd will be delivered vacant at the close of escrow, which creates a unique owner/user opportunity in the up-and-coming neighborhood, at a much lower price point than other adjacent submarkets.

5128 Valley Boulevard | Page 5 PROPERTY OVERVIEW APN: 5221-003-002 & 5221-003-001

Sales Price $1,800,000 Building | $288 PSF Land | $160 PSF

Year Built | 1940 Zoning | LAC2

5128 Valley Boulevard | Page 6 PLAT MAP

5128 Valley Boulevard | Page 7

OWNER/USER HIGHLIGHTS

Building Highlights

> Owner/User opportunity with future development potential > Layout designed for a wide varity of office flex and warehouse distribution uses > Secured gated parking with excellent on-site parking ratio > High exposure signage opportunity > Selling below replacement cost

Area Highlights

> Close proximity to Downtown LA, the 710 & 10 Freeways > Adjacent to Cal State LA and USC Medical Center > Only 3 miles East of booming Lincoln Heights and DTLA Arts District > Central location for staff without congestion of Downtown

5128 Valley Boulevard | Page 9 OFFICE MARKET INTEL

Summary Statistics | DTLA, Q3 2018 Market Indicators | Relative to prior period Class A Class B All Classes Q3 2018 Forecast Vacancy Rate 12.3% 27.1% 18.8% Vacancy   Change from Q2 ‘18 Net Absorption   -40 -70 -50 (Basis Points) Construction   Net Absorption* +64.7 +97.8 +155.0 Rental Rate   Construction Completions* 0.0 0.0 0.0 Under Construction* 0.0 1,721.3 1,721.3 Asking Rents | DTLA, Q3 2018 Class A Class B Class C All Classes *SF, Thousands Average Asking Rent $43.28 $40.60 $34.10 $41.17 Change from Q2 ‘18 +$0.28 +$0.63 -$0.34 +$0.43 Outlook ($) Downtown L.A. vacancy is expected to contract slightly as positive Y.O.Y. Change (%) +3.2% +2.9% +1.1% +2.5% demand counters new construction deliveries. Interest from out- of-market tenants persists, especially in the media and technology Labor Force | Los Angeles County, August 2018 industries, has helped legitimize Downtown Los Angeles as a competitor to markets such as Hollywood and Silicon Beach. The Total Prof. & Financial signings of Honey and Arizona State this quarter arguably happened Nonfarm Business Activities Services not only due to pricing, but also due to the quality of space and an 12-mo Employment 1.4% 2.3% 0.6% ever-increasing slate of amenities in the market. This combination Growth (%) of factors should lead to continued momentum for Downtown Los 12-mo Actual 62,400 14,300 1,300 Angeles. Employment Change

OFFICE OVERVIEW Downtown Los Angeles Office Market Q3 2018

EXISTING PROPERTIES VACANCY ACTIVITY ABSORPTION CONSTRUCTION RENTS

Leasing Net Net Total Total Leasing Completions Under Weighted Submarket/ Direct Sublease Total Activity Absorption Absorption Bldgs Inventory Vacancy Activity YTD Current Qtr Construction Avg Asking Class Vacancy Vacancy Vacancy Current Qtr Current Qtr YTD SF Prior Qtr SF SF SF Lease Rate SF SF SF

GREATER DOWNTOWN / ARTS DISTRICT B 12 2,880,500 29.4% 0.1% 29.5% 31.3% 171,400 395,800 51,600 88,600 0 1,721,200 $43.23 C 8 592,300 23.5% 1.4% 24.9% 24.3% 4,900 14,800 (3,700) 10,600 0 0 $36.15 SUBTOTAL 20 3,472,800 28.4% 0.3% 28.7% 30.1% 176,300 410,600 47,900 99,200 0 1,721,200 $42.23

MARKET TOTAL A 18 18,470,800 11.7% 0.6% 12.3% 12.7% 106,300 631,100 64,700 464,800 0 0 $43.28 B 48 13,634,000 26.5% 0.6% 27.1% 27.8% 430,400 941,900 97,800 8,100 0 1,721,200 $40.60 C 13 1,555,300 22.6% 0.5% 23.1% 22.7% 53,800 82,400 (7,500) 5,800 0 0 $34.10 TOTAL 79 33,660,100 18.2% 0.6% 18.8% 19.3% 590,500 1,655,400 155,000 478,700 0 1,721,200 $41.17 Note: revisions to the inventory base were made effective Q3 2018, historical data reported here reflect these revisions and may not match data reported inrevious p quarters.

LOCATION MAP

update -5128 VALLEYwaiting BOULEVARD on map

USC University of Southern California

5128 Valley Boulevard | Page 13 FEATURED DEVELOPMENTS

2 1

Lincoln Heights

Ascot Hills Park

Cal State LA

Lincoln Park

Valley Blvd 3

Mission Road

LAC + USC Monterey Park Golf Club

5128 Valley Boulevard | Page 14 1 2 4208 E HUNTINGTON DRIVE 1000 S FREMONT AVENUE The Rosa de Castilla Apartments Villages at the Alhambra The Rosa de Castilla Apartments is a proposed mixed-used affordable The Ratkovich Company is planning a massive development on a 45- housing development in El Sereno. The development consists of a pair acre site in Alhambra. This will be a three-phase development creating of 4-story buildings with 85 residential units, 70 parking spaces, and over 1,000 residential units – with roughly half being for rent and the 2,500 SF of retail space. The development will also include ample open other half for sale. The timeline for this development has not yet been space with a hiking trail and garden along the back hillside. disclosed.

3 4 5151 STATE UNIVERSITY DRIVE 5370 ALHAMBRA AVENUE Cal State LA Expansion HATCH A 1930’s furniture factory is being repurposed as a new space for Cal State LA has proposed a new student housing expansion on the biotech startups. The total square footage of the space is 17,000 SF southeast corner of the schools 174-acre campus. The project would and the initial plan is for 8 different tenants to occupy the property. consist of an 8-story building with 1,500 beds for underclassman. This development is considered the first privately funded biotech The development is also set to include a 4-story parking structure development in Los Angeles. suitable for 1,600 vehicles. 5128 Valley Boulevard | Page 15 SOLD COMPARABLES

13 3 9 10 1 8 7

12 4

11 6

5128 Valley Boulevard | Page 16 # BUILDING PHOTO BUILDING ADDRESS BUILDING SIZE LAND SIZE PRICE PSF SALES PRICE SALES DATE

2209 W Valley Boulevard 1 3,000 5,749 $467 $1,400,000 1/30/2017 Alhambra, CA 91803

4960 S Huntington Drive 2 6,500 15,681 $446 $2,900,000 4/6/2018 Los Angeles, CA 90032

2833 W Valley Boulevard 3 2,406 6,534 $360 $865,000 3/7/2018 Alhambra, CA 91803

3125 N Broadway 4 3,840 7,514 $326 $1,250,000 4/14/2017 Los Angeles, CA 90031

3321 Pasadena Avenue 5 2,404 3,179 $282 $679,000 12/19/2017 Los Angeles, CA 90031

4717 Valley Boulevard 6 4,226 4,791 $280 $1,185,100 9/21/2017 Los Angeles, CA 90032

2866-2870 W Valley Blvd 7 2,090 4,486 $275 $575,000 4/2/2018 Alhambra, CA 91803

5128 Valley Boulevard | Page 17 SOLD COMPARABLES CONTINUED

# BUILDING PHOTO BUILDING ADDRESS BUILDING SIZE LAND SIZE PRICE PSF SALES PRICE SALES DATE

2852 W Valley Boulevard 8 2,583 6,751 $271 $700,000 6/27/2017 Alhambra, CA 91803

2642 Pasadena Avenue 9 2,450 4,791 $265 $650,000 11/29/2017 Los Angeles, CA 90031

2636-2640 Pasadena Ave 10 2,819 2,927 $263 $740,000 7/6/2017 Los Angeles, CA 90031

1846 Sichel Street 11 5,000 7,840 $241 $1,205,000 3/8/2018 Los Angeles, CA 90031

2701 N Broadway 12 18,210 9,147 $233 $4,250,000 1/17/2018 Los Angeles, CA 90031

2652-2660 Pasadena Ave 13 7,932 7,954 $233 $1,850,000 6/29/2017 Los Angeles, CA 90031

Average $303.25

5128 Valley Boulevard | Page 18

5128 VALLEY BOULEVARD & 2262 BEATIE PLACE LOS ANGELES, CA 90032