BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

HIGH PROFILE STREET RETAIL IDEALLY LOCATED IN 816 N. La Cienega Boulevard, Los Angeles, CA 90069 WORLD-RENOWN WEST HOLLYWOOD, CA INVESTMENT ADVISORS: BRANDON MICHAELS SAM LIBEROW Senior Managing Director of Investments First Vice President Investments Senior Director, National Retail Group National Multi-housing Group Tel: (818) 212-2794 Tel: (818) 212-2795 Fax: (818) 212-2710 Fax: (818) 212-2710 [email protected] [email protected] License: CA #01434685 License: CA #01933858 www.BrandonMichaelsGroup.com TEAM MEMBERS TABLE OF CONTENTS Sean Brandt Vaughn Brown Ben Brownstein Nicole Cottrell Steven Schechter Austin Sreden PROPERTY OVERVIEW 01

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 FINANCIAL ANALYSIS 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 02 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 COMPARABLES ANALYSIS Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The 03 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. AREA OVERVIEW BRANDON 04

MICHAELS 16830 Ventura Blvd. Suite 100, Encino, CA 91436 GROUP www.marcusmillichap.com SOUTHERN CALIFORNIA'S PREMIER SALES TEAM 1 PROPERTY OVERVIEW GLOBAL TOURISM DESTINATION GETTING AROUND

West Hollywood is at the cultural and geographical heart of the Los Angeles region, surrounded You can tuck your car away in a hotel garage and stroll to great by must-see hotspots in every direction. restaurants, cafes, bars, nightclubs and shopping. Within the city’s 1.8 square miles, you can people-watch on the Sunset Strip, sightsee on Santa Monica Boulevard, stop at a great • 1.2 million visitors came to West Hollywood last year cafe or restaurant on Melrose Ave. and shop at the gorgeous boutiques of the West Hollywood Design District. It’s easy to • $750 million dollars generated by tourism to our local economy last year sightsee in West Hollywood…all on foot!

• 16,599 jobs supported by tourism in West Hollywood

DINING

From the Sunset Strip to Melrose Avenue, AFFLUENT NEIGHBORHOOD WHY BUY West Hollywood never seems to sleep. There are clubs to be seen, live music to be heard, DEMOGRAPHICS IN and coffee shops to work from. Fuel up with breakfast, brunch, lunch and dinner at a Median age: 39 ● WEST HOLLYWOOD? plethora of celebrity-frequented restaurants so that you can explore the lively neighborhood Average household income within a 1 mile radius: $84,384 ● until the wee hours of the morning.

Population within a 5 mile radius: 832,111 ●

DEVELOPMENT IN WEST HOLLYWOOD WEATHER

Southern California’s persistently pleasant weather means it’s Rare opportunity to purchase in a strong rental market. Significant amount of movement and practically always the best time to visit West Hollywood. It’s turnover in the immediate marketplace, creating an opportunity for new construction to enter the SHOPPING sunny almost 300 days a year and the average high temperature market and position the submarket for the future. Upon completion of surrounding developments Scores of cutting-edge labels can be found in West in many parts of L.A. fluctuates less than 10 degrees through and with continuing improvements to the immediate area, the West Hollyowood rental market Hollywood, from avant-garde brands to casually luxe the year. will experience significant growth and offer outstanding returns for long term investors. clothing makers. Melrose Avenue is renowned throughout the world as one of Los Angeles’ most walkable and unique shopping destinations.

6 7 A WALKABLE DINING AND SHOPPING DISTRICT BETWEEN BEVERLY GROVE AND SUNSET STRIP

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market for sale 816 North La Cienega Boulevard, a 3,927 square foot mixed-use retail and office building located just south of Santa Monica Boulevard and just North of Melrose Avenue in the heart of the highly sought-after neighborhood of West Hollywood, CA. Ideally located along La Cienega Boulevard, this high-profile location benefits from high daily traffic counts along a high-end retail thoroughfare. The subject property offers excellent frontage and visibility, benefiting from 41 feet of frontage along La Cienega Boulevard. 816 N. La Cienega Boulevard, Los Angeles, CA 90069 West Hollywood is at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hot spots and lined with multi-million-dollar residences. Commonly known as WeHo, the neighborhood is among the top destinations in the world, and this irreplaceable location benefits from high daily traffic counts HIGH PROFILE STREET RETAIL north of 35,000 vehicles per day. 816 North La Cienega Boulevard is ideally located in the heart of one of the IDEALLY LOCATED IN WORLD- most famously known locales for celebrities, wealthy residents, and tourists alike. There may be no greater concentration of high-end restaurants, retailers, boutiques, and night life than what is found in this world- RENOWN WEST HOLLYWOOD, CA famous neighborhood.

816 North La Cienega offers the unique opportunity to acquire a high-profile street retail property with flexibility in usages. The ground floor, which consists of approximately 2,000 square feet, is vacant, allowing an Owner-User Buyer to immediately occupy the space will benefiting from the income stream resulting from the second story tenant. There is currently a lease in place for the second story, which is approximately, 1,927 square feet. The interior of the building has been highly upgraded, creating a modern business environment. There are eight parking spaces in the rear of the property.

816 North La Cienega creates a unique opportunity to acquire a well-located mixed-use building in one of Southern California’s best locations. The affluent surrounding demographic boasts an average income of $113,245 within a one-mile radius and a median household income of $84,384. There are over 46,000 people within one mile of the subject property and over 850,000 people within five miles. The subject property boasts a walk score of 88, making this a very walkable location with direct access to transit. 816 N. La Cienega is situated on 4,792 square feet of land zoned C4-1VL, and is located in a tier 3 Transit Oriented Community.

8 9 INVESTMENT HIGHLIGHTS

MELROSE MELROSEAVENUE AVENUE Blue Jam Cafe Kitson Urth Cafe Moniue Lhuillier IDEAL OWNER-USER OR INVESTMENT OPPORTUNITY IRREPLACEABLE LA CIENEGA BOULEVARD LOCATION 816 N. La Cienega Boulevard, Los Angeles, CA 90069 BCBG Maxazria Revolve Clothing Diesel Jonathan Adler Joie Theory 2,000 square foot ground floor retail space is vacant, creating Ideally located on North La Cienega Boulevard, just south of Marc Jacobs Johnny Cupcakes • • Sweet Lady Jane Alexander a unique opportunity for an Owner-User Buyer to immediate Santa Monica Boulevard and just north of Melrose Avenue in NARS McQueen occupy the space and generate income from the second story world famous West Hollywood, CA Ink Sack Tenoversix office tenant • High daily traffic counts north of 35,000 vehicles per day • Eight parking spaces in the rear of the property • Highly walkable location with a walk score of 88 THE GROVE BEVERLY CENTER 4,792 square feet of land zoned C4-1VL Apple • Close proximity to high end restaurants, retailers, boutiques, Bloomingdale's Versace • Athleta Macy's Salvatore Ferragamo Tier 3 TOC and night life option Anthropologie • Prada Piazza Lounge Barnes & Noble Gucci Saint Laurent Paris Banana Republic Fendi Burberry Coach Tiffany & Co Dolce & Gabbana Crate & Barrel Louis Vuitton MCM Fresh GAP ICONIC WEST HOLLYWOOD SUBMARKET AFFLUENT AND DENSE HIGH-END DEMOGRAPHICS Le Labo Topshop Topman Sephora Nordstrom • Major hotspots and destinations in the immediate area, • Average income of $113,245 within a one-mile radius including the world-famous Sunset Strip, Santa Monica Median household income of $84,384 within a one-mile radius Boulevard, Melrose Avenue, and Robertson Boulevard • • There may be no greater concentration of high-end restaurants, • Over 46,000 people within one mile of the subject property and retailers, boutiques, and night life than what is found in this over 850,000 people within five miles world-famous neighborhood • Over 27,000 households within one mile RODEO DRIVE West Hollywood is one of the most famously known locales for Alexandar McQueen Coach • Balenciaga Dior celebrities, wealthy residents, and tourists alive Bottega Veneta Dolce & Gabbana Bulgari Fendi Burberry Gucci Cartier Hermes Chanel Louis Vuitton

10 11 PROPERTY HIGHLIGHTS A HIGH PROFILE STREET RETAIL CENTURY CITY PROPERTY WITH BEVERLY HILLS

816 N. La Cienega Boulevard, Los Angeles, CA 90069 FLEXIBILITY IN USAGES BEVERLY GROVE PROPERTY INFORMATION FINANCIAL INFORMATION WEST HOLLYWOOD WEST PROPERTY TYPE: Storefront Retail PRICE: $4,700,000

BUILDING SF: 3,927 SF PRICE/SF (BUILDING): $1,197

LAND SF: 4,963 SF PRICE/SF (LAND): $947

APN NUMBER: 5529-006-059 CURRENT OCCUPANCY: 49%

ZONING: C4 PRO FORMA CAP RATE: 4.79%

SUMMARY OF TERMS Interest Offered: $1,197 100% fee simple interest in 816 N. La Cienega PRICE/SF (BUILDING) Boulevard, a 3,927 SF retail building located on 4,963

SF of land in Los Angeles, CA 90069. 816 N. La Cienega Boulevard, Los Angeles, CA 90069

Terms of the Sale: $947 LA CIENEGA BOULEVARD Property is being offered on a free and clear basis. PRICE/SF (LAND) Property Tours: WARING AVENUE Prospective purchases are encouraged to visit the site and review all due diligence materials prior to submitting offers. Access to an outline due diligence 4.79% is available portal. All property tours must be PRO FORMA CAP RATE coordinated through the listing team.

12 13 PROPERTY DETAILS

SITE SQUARE FOOTAGE PARKING The subject property is located on La Cienega The total building square footage is 3,927 SF. 8 parking spaces are available; Ratio of Boulevard between Waring Avenue and The total land square footage is 4,963 SF. 2.04/1,000 SF. Willoughby Avenue.

TRAFFIC COUNTS ZONING APN NUMBER The traffic counts along La Cienega Boulevard The zoning is C4. The APN Number is 5529-006-059. are about 34,000 vehicles per day.

3,927 4,963 8 88 34,000 + TOTAL BUILDING SF TOTAL LAND SF PARKING SPACES WALK SCORE TRAFFIC COUNTS ON LA CIENEGA BLVD

THE INTERIOR OF THE SECOND FLOOR HAS BEEN HIGHLY UPGRADED, CREATING A MODERN BUSINESS ENVIRONMENT 14 15 2 FINANCIAL ANALYSIS FINANCIAL ANALYSIS

RENT ROLL PRICING

LEASE TENANT SF SF % LEASE EXPIRATION RENT RENT/SF PRO FORMA RENT PRO FORMA RENT/SF TYPE Vacant 2,000 51% $12,000.00 $6.00 NNN Price $4,700,000 Anthony Textile 1,927 49% 10/31/2022 $5,332.50 $2.77 $6,744.50 $3.50 MG Pro Forma CAP Rate 4.79% TOTAL 3,972 100% - $5,332.50 $18,744.50 $4.77 - Building SF 3,927 SF ANTHONY TEXTILE LEASE SCHEDULE 816 N. La Cienega Boulevard, Los Angeles, CA 90069 11/1/2019 - 10/31/2020 The greater of $5,492.48 or Fair Market Rent Price Per SF (Building) $1,197

11/1/2020 - 10/31/2021 The greater of $5,657.25 or Fair Market Rent Land SF 4,963 SF 11/1/2021 - 10/31/2022 The greater of $5,657.25 or Fair Market Rent Price Per SF (Land) $947

ANNUALIZED OPERATING DATA

INCOME AND EXPENSE CURRENT PRO FORMA EXPENSE BREAKDOWN PER YEAR PER SF Scheduled Lease Income $63,990 $224,934 Taxes @ 1.25% $58,750 $14.96 NNN Charges $224,934 Insurance $3,434 $0.87 Effective Gross Income $243,178 Repairs & Maintenance $1,964 $0.50 Expenses $69,093 $69,093 Reserves $785 $0.20

Net Operating Income -$5,103 $224,934 Management $2,560 $0.65 Gardening $1,600 $0.41

Total $63,468 $17.59/$1.47

18 19 3 COMPARABLES ANALYSIS SALES COMPARABLES

PRICE/SF PRICE/SF # PRICE BUILDING LAND SF ZONING SALES DATE SF (BLDG) (LAND) 816 N La Cienega Blvd

1 638 N Doheny Dr 3 638 N Doheny Dr C2A, West 1 $3,243,000 2,000 3,920 $1,621.50 $827.21 1/3/2019 2 841 N La Cienega Blvd West Hollywood, CA 90069 Hollywood 2 3 8460 Santa Monica Blvd 5 4 501-511 N La Cienega Blvd

841 N La Cienega Blvd C4, Los 2 $5,500,000 3,650 6,024 $1,506.85 $912.96 2/28/2019 1 5 805 N La Cienega Blvd Los Angeles, CA 90069 Angeles 4 816 N. La Cienega Boulevard, Los Angeles, CA 90069

8460 Santa Monica Blvd 3 $4,472,771 4,233 5,663 $1,056.64 $789.85 C2 12/13/2018 West Hollywood, CA 90069 SALES COMPARABLES | PRICE / SF (BLDG)

$1,621.50 501-511 N La Cienega Blvd $1,506.85 4 $10,600,000 15,875 11,326 $667.72 $935.93 WDC2A* 03/29/2019 $1,800.00 West Hollywood, CA 90048 $1,600.00 $1,195.34 $1,195 $1,400.00 $1,056.64 $1,123.97 AVG PRICE/SF (BUILDING) $1,200.00 $1,000.00 $667.72 805 N La Cienega Blvd C4, Los 5 $10,100,000 8,986 11,326 $1,123.97 $891.78 9/12/2017 $800. 00 Los Angeles, CA 90069 Angeles $600. 00 $400. 00 Average $6,783,154 6,949 7,652 $1,195.34 $871.55 - - $200. 00 $872 AVG PRICE/SF (LAND) $0.00 638 N Doheny Dr 841 N La Cienega Blvd 8460 Sa nta Monica 501-511 N La Cienega 805 N La Cienega Blvd Average Blvd Blvd

22 23 RENT COMPARABLES

# RENT/SF/ RENT/SF/ 816 N La Cienega Blvd RENTABLE SF SF LEASED MONTH YEAR LEASE TYPE LEASE START 5 1 930-936 N La Cienega Blvd 930-936 N La Cienega Blvd 1 2,500 1,000 $7.50 $90.00 Full Services Sep 2019 West Hollywood, CA 90069 7 8 2 826 N La Cienega Blvd

3 927 N La Cienega Blvd 826 N La Cienega Blvd 2 5,000 5,000 $5.00 $60.00 Full Services Aug 2019 West Hollywood, CA 90069 4 4 947 N La Cienega Blvd 1 3 6 5 1106-1112 N La Cienega Blvd 927 N La Cienega Blvd Modified 816 N. La Cienega Boulevard, Los Angeles, CA 90069 3 2,850 2,850 $7.00 $84.00 Jul 2019 Los Angeles, CA 90069 Gross 6 926-928 N La Cienega Blvd 2 7 1017 N La Cienega Blvd 947 N La Cienega Blvd 4 3,140 1,100 $2.80 $33.60 +ELEC Mar 2019 West Hollywood, CA 90069 8 1017 N La Cienega Blvd

1106-1112 N La Cienega Blvd RENT COMPARABLES | RENT/SF/MONTH 5 15,367 2,500 $6.00 $72.00 NNN Nov 2018 Los Angeles, CA 90069 $7.50 $7.00 $8.00 926-928 N La Cienega Blvd Modified $6.00 $6.00 6 4,400 2,200 $6.00 $72.00 Oct 2018 $7.00 West Hollywood, CA 90069 Gross $5.00 $5.06 $5.06 $6.00 AVG RENT/SF/MONTH $5.00 $2.80 $3.25 $2.95 1017 N La Cienega Blvd Modified $4.00 7 16,000 1,956 $3.25 $39.00 Apr 2018 West Hollywood, CA 90069 Gross $3.00 $2.00 1017 N La Cienega Blvd Modified $1.00 8 16,000 2,627 $2.95 $35.40 Apr 2018 West Hollywood, CA 90069 Gross $0.00 $60.75 930-936 N La 826 N La 927 N La 947 N La 1106-1112 N 926-928 N La 1017 N La 1017 N La Average AVG RENT/SF/YEAR Cienega Blvd Cienega Blvd Cienega Blvd Cienega Blvd La Cienega Cienega Blvd Cienega Blvd Cienega Blvd AVERAGE 8,157 2,404 $5.06 $60.75 - - Blvd

24 25 4 AREA OVERVIEW AREA OVERVIEW AREA OVERVIEW

MAJOR EMPLOYERS: NEARBY RETAIL: WEST HOLLYWOOD • Cedar Sinai Medical Center • Beverly Center West Hollywood is a trendy area • UCLA • Beverly Connection known for its high-energy nightlife. • Kaiser Permanente Medical center • The Grove The fabled Sunset Strip features • Fox Studios • Farmer’s Market at The Grove Paramount Pictures Melrose Avenue the Chateau Marmont, a swanky • • • Los Angeles County • Beverly Hills Restaurant Row celebrity hideaway, plus comedy • Capitol Records • Rodeo Drive clubs and live music venues. West • ABC • Robertson Boulevard Hollywood is bounded by the city • CBS of Beverly Hills on the west, and on other sides by neighborhoods of the city of Los Angeles: Hollywood POINTS OF INTEREST: PROXIMATE TO: Hills on the north, Hollywood on the east, the Fairfax District on the • LACMA • Downtown Los Angeles southeast, and Beverly Grove on the southwest. • Pacific Design Center • Tri-Cities (Burbank/Glendale/Pasadena) • La Brea Tar Pits • Century City • El Rey Theatre • West Los Angeles ONE OF CALIFORNIA’S MOST • Beverly Hills • Santa Monica ICONIC NEIGHBORHOODS • San Fernando Valley

DINING Sunset Strip Pacific Design Center Beverly Center Farmers Market Beverly Hills From the Sunset Strip to Melrose Avenue, West Hollywood never seems to sleep. There are clubs to be seen, live music to be heard, and coffee shops to work from. Fuel up with breakfast, brunch, lunch and dinner at a plethora of celebrity-frequented restaurants so that you can explore the lively neighborhood until the wee hours of the morning.

SHOPPING Melrose Avenue is one of L.A.’s most famous streets, featuring a myriad of shopping. Melrose runs north of Beverly Boulevard and south of Santa Monica Boulevard. Along its "west end," Melrose Avenue is all about strolling and shopping, so bring dough and plenty of it. The street begins at Santa Monica Boulevard where the cities of Beverly Hills and West Hollywood meet, otherwise known as the intersection of posh and funky.

28 29 AREA OVERVIEW AREA OVERVIEW

LA CIENEGA BOULEVARD & RESTAURANT ROW NEARBY AREAS La Cienega Boulevard is a major north–south arterial road that runs between El Segundo Boulevard in Hawthorne, California on the south • SUNSET STRIP and the Sunset Strip/Sunset Boulevard in West Hollywood to the north. From the heights of swank hotel rooftops like the Mondrian’s SkyBar and the It was named for Rancho Las Cienegas, literally "The Ranch Of The Tower Bar at Sunset Tower Hotel, to the glam-grunge of rock clubs like The Swamps," an area of marshland south of Rancho La Brea. Viper Room and Whisky a Go Go, there’s a setting to suit your style and mood. In addition to clubs with music ranging from indie singer/songwriters La Cienega Boulevard is a surface street and one of the “Westside to major headliners, there are iconic comedy clubs such as The Laugh Factory of Los Angeles” major thoroughfares. Offices for A&E Network, The and the Comedy Store. The Sunset Strip isn’t just rock and roll. Spend the History Channel and the Academy of Motion Picture Arts and Sciences afternoon shopping at Sunset Plaza, which contains more than 20 stores, are located on La Cienega as are the studios of Citadel Broadcasting like Armani Exchange and H&M. Book lovers, don’t miss the iconic Book flagships KABC and KLOS, two of Los Angeles’ biggest radio stations. Soup, L.A.’s largest independent book store, with floor-to-ceiling shelves A portion of La Cienega in and adjacent to Beverly Hills is known as that contain more than 60,000 titles, many of which are limited edition. The “Restaurant Row” for its large number of upscale restaurants including WALKER’S PARADISE store hosts frequent author readings, so check its calendar to meet your Fogo de Chao, The Bazaar by Jose Andres, Morton’s, and the original 88/100 WALKSCORE favorite novelist or hear from up-and-comers. Lawry’s the Prime Rib. • MELROSE AVENUE MAJOR RETAILERS: Melrose Avenue is renowned throughout the world as one of Los Angeles’ most walkable and unique shopping, dining and entertainment destinations. Downtown Melrose encompasses the 22 blocks along Melrose Avenue that stretch from Fairfax to Highland. More than 300 alternative and independent stores offer a wide array of merchandise found nowhere else in the city.

• BEVERLY GROVE Beverly Grove is a bustling shopping and dining district. Named in part for The Grove, a popular outdoor mall that it borders, the area also features the Beverly Center, a slick, 8-story retail behemoth. Fashionistas browse the upscale boutiques along Melrose Avenue and Robertson Drive. Buzzy restaurants include see-and-be-seen classics such as The Ivy, plus high-end sushi spots, vegan cafes and celeb-chef spots.

30 31 31 DEMPOGRAPHICS

1 MILE 3 MILES 5 MILES 36,854 2019 Population 45,397 269,596 832,111 Total Population of West Hollywood, CA. The Median Age is 39.6. 2019 Households 27,404 139,431 364,930

2019 Average Household Size 1.60 1.90 2.20

2019 Median Household 832,111 $113,245 59% 41% $84,384 $76,229 $62,878 MALE FEMALE Income Population within Median HH income within 2019 Average Household 5-m radius 1-m radius EDUCATION $113,245 $109,351 $96,216 Income

2019 Owner Occupied 8,065 37,827 97,792 Households

2019 Renter Occupied 19,339 101,604 267,139 Households 58,519 10% 22% 46% 18% <$25,000 4,343 27,139 83,676 267,139 High School Graduate Some College or Associates Degree Bachelor’s Degree Master’s Degree or Higher Renter Occupied Households Businesses within a 5-m radius $25,000 - $50,000 3,937 21,248 69,605 within 5-m radius

$50,000 - $75,000 3,855 20,512 54,243 BUSINESSES $75,000 - $100,000 4,176 16,600 39,876 West Hollywood is home to innovative industries and a magnet for highly skilled professionals. Companies ranging from retail, tourism and nightlife, $100,000 - $125,000 2,656 12,108 28,958 restaurants, entertainment and media, as well as arts and design are drawn to West Hollywood’s creative workforce as well as its high quality of life. $125,000 - $150,000 1,756 8,013 17,143 TOP EMPLOYERS • Metro • Sunset Marquis • Mondrian Hotel $150,000 - $200,000 2,309 11,551 23,848 $113,245 97,792 • IAC/CityGrid Media • London West Hollywood • Andaz West Hollywood Average HH income within Owner Occupied Households • City of West Hollywood • Standard Hotel • Saddle Ranch Chop House $200,000+ 4,373 22,259 47,583 5-m radius within 5-m radius

32 33 BRANDON MICHAELS SAM LIBEROW BRANDON Senior Managing Director of Investments First Vice President Investments Senior Director, National Retail Group National Multi-housing Group MICHAELS Tel: (818) 212-2794 Tel: (818) 212-2795 GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM Fax: (818) 212-2710 Fax: (818) 212-2710 [email protected] [email protected] License: CA #01434685 License: CA #01933858 www.BrandonMichaelsGroup.com