SOUTHERN 'S PREMIER SALES TEAM

Situated in a QUALIFIED OPPORTUNITY ZONE

8,478 SF of Land Located in a Tier 2 TOC Excellent Hollywood Zoned LAR3 within an Opportunity Zone Location INVESTMENT ADVISORS BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685 www.BrandonMichaelsGroup.com TEAM MEMBERS Sean Brandt Ben Brownstein Nicole Cottrell Andrew Leff Matthew Norona Lauren Sackler Steven Schechter Austin Sreden

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 re- ceiving 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 infor- mation 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 aw 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 contaminat- ing substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the finan- cial 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 be- lieve 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 Mar- cus & Millichap. All rights reserved. NON-ENDORSEMENT NOTICE TABLE OF CONTENTS Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The pres- ence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the pur- pose 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 DE- TAILS. SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, 1 2 3 due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its PROPERTY OVERVIEW FINANCIAL ANALYSIS AREA OVERVIEW investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.) 2 3 PROPERTY OVERVIEW HOLLYWOOD

WESTERN AVE Excellent Hollywood location consisting of 4 multi-family units and a single family residence situated on 8,478 square feet BERNSTEIN HIGH SCHOOL of land ideally located within an Opportunity Zone and a Tier 2 TOC creating a unique opportunity for a developer looking to building in a prime Hollywood location, a value-add investor, or an Owner-User Buyer

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 1315-1317 N Kingsley Avenue, one 1,410 SUNSET BLVD square foot single family residence and one 1,820 square foot property comprised of 4 single rental units located on 8,478 square feet of land. The property is located on Kingsley Drive between Fountain Avenue and De Longpre Avenue, less than two miles from the famous Hollywood Walk of Fame. Situated in a QUALIFIED OPPORTUNITY ZONE The single family residence at 1317 N Kingsley Drive is comprised of 3 bedrooms and 2 bathrooms. Behind the house is storage space, as well as two garage spaces. There are four rental units at 1315 N Kingsley Drive, all units are studio layouts. The property is within walking distance to several national retailers including 99 Cents Only Stores, El Pollo Loco, , , AutoZone, and GameStop. The property is also a short distance from the Dolby Theatre, El Capitan Theatre, Hollywood Walk of Fame, and Capitol Records Building.

The property offers benefits to owner-users, developers, and investors. The single family residence at the front of the property is currently occupied by the owner, but will be vacated upon sale, allowing a potential owner-user to occupy the house, and lease out the rental units. From a development perspective, the property is located within a designated opportunity zone, and future developments may be eligible for applicable tax incentives. The property is also zoned Tier 2 TOC, and may be eligible for density bonuses. For an investor, the property is approximately 57% vacant (including the single family residence, which will be vacated upon sale), allowing the opportunity for an investor to stabilize the property for immediate upside.

1315-1317 N Kingsley Avenue is well located within the bounds of one of the most attractive tourist-destination cities in the state. The subject property is ideally located less than 2 miles from the Hollywood Walk of Fame, which attracts an estimated ten million visitors each year. The property is also located only a few miles from the

Hollywood Sign, which also attracts an estimated ten million visitors each year. FOUNTAIN AVE

8,478 SF 3,320 SF 57% LAR3 YES LAND SF BUILDING SF CURRENT VACANCY ZONING OPPORTUNITY ZONE N KINGSLEY DR

6 7 INVESTMENT HIGHLIGHTS KOREATOWN DOWNTOWN Fantastic Hollywood Location LOS ANGELES • Ideally located within 2 miles of some of the most popular tourist destinations in the state • Located proximate to a number of significant developments, including Amoeba Tower EAST and LOS ANGELES CITY COLLEGE HOLLYWOOD Excellent Opportunity for a Developer, Investor, or Owner-User • The property is located within an Opportunity Zone and is classified as TOC Tier 2, both of which may offer benefits for future development • Immediate upside available through stabilization • The single family residence will be vacant, allowing an owner-user to occupy the Situated in a QUALIFIED OPPORTUNITY ZONE property and earn additional income from the studio units N NORMANDIE AVE Strong Demographics and Population Density N KINGSLEY DR • Over 81,000 people within one mile and over 1,095,000 people within 5 miles of the subject property • Over 443,000 households located within 5 miles of the property • Median household income of $41,133 within one mile and over $52,668 within 3 miles FOUNTAIN AVE of the subject property N HARVARD BLVD Sub-Market Saturated with Developments, Retail Amenities & Tourist Attractions • Close proximity to Crossroads of the World, the Amoeba Tower, and Academy on Vine N KINGSLEY DR • Located near Tender Greens, Chipotle Mexican Grill, Sweetgreen, Trader Joe’s, and • Proximate to the Griffith Observatory and Hollywood Sign, El Capitan Theater, Hollywood Walk of Fame, Universal Studios, and Capitol Records Building

8 9 BARNSDALL ART PARK

SUNSET BLVD

Best known for it’s association with the U.S. Film Industry, Hollywood is positioned as a premier tourist destination, bringing in an estimated ten million tourists each year

1315-1317 N Kingsley Avenue is located within Hollywood, a premier tourist destination best known for it’s association with the U.S. Film Industry. Paramount Pictures, DE LONGPRE AVE Warner Brothers, and were all founded in Hollywood, and today, Hollywood remains home to Paramount Pictures Studios.

Situated in a QUALIFIED OPPORTUNITY ZONE Hollywood is home to several world renowned-tourist attractions, such as the Hollywood Walk of Fame, Universal Studios Hollywood, Hollywood Boulevard, the FOUNTAIN AVE Griffith Observatory and the Hollywood Sign. These attractions bring an estimated ten million tourists to the city each year.

According to the Mapping L.A. project of the Los Angeles Times, Hollywood is flanked by to the north, Los Feliz to the northeast, East Hollywood or Virgil Village to the east, Larchmont and Hancock Park to the south, Fairfax to the southwest, West Hollywood to the west and Hollywood Hills West to the northwest. Hollywood is home to a number of substantial developments. 1315-1317 N Kingsley Avenue is located two miles from the Crossroads of the World development, which is slated to include 950 apartment units, a 308 room hotel, and 190,000 square feet of commercial space. The subject property is also located about two miles from N KINGSLEY DR the upcoming Amoeba Tower, slated to be 28 stories, with 232 residential units, and 7,000 square feet of commercial space. Academy on Vine is about one and a half miles away, a $450 million development with approximately 335,000 square feet of office space (rented by Netflix), and 13,000 square feet of retail space.

The property benefits from excellent demographics within the immediate sub-market, with over 1,095,000 people located within 5 miles of the property. There are over 443,000 households within 5 miles of the property, and median household income ranges from $41,000 to $55,000 within several miles of the property.

HOLLYWOOD HOLLYWOOD & DOWNTOWN WALK OF FAME KOREATOWN HIGHLAND CENTER LOS ANGELES 1.8 MILES 2.6 MILES 2.8 MILES 3.4 MILES 6.4 MILES

10 11 THE OFFERING

1315 N Kingsley Dr 8,478 SF LAR3 Tier 2 Yes 4 Rental Units LAND SF ZONING TOC OPPORTUNITY ZONE 1,410 SF

PROPERTY INFORMATION

1315 N Kingsley Drive ADDRESS: Los Angeles, CA 90027

PRICE: $1,500,000

BUILDING SF: 3,222 SF 1317 N Kingsley Dr LAND SF: 8,478 SF 3 Bedroom House

PRICE/SF (BUILDING): $466 1,812 SF

PRICE/SF (LAND): $177

CURRENT VACANCY: 57%

YEAR BUILT: 1955

APN NUMBER: 5544-036-014

ZONING: LAR3

TOC: Tier 2

OPPORTUNITY ZONE: Yes

12 13 BARNSDALL ART PARK EVENTS

Hollywood

Situated in a QUALIFIED OPPORTUNITY ZONE

LOS ANGELES CITY COLLEGE

Hollywood East Hollywood

14 15 FINANCIAL ANALYSIS FINANCIAL ANALYSIS RENT ROLL PRICING

TENANT SF SF % RENT RENT/SF PRO FORMA RENT/SF PRO FOMRA RENT 1317 N Kingsley 1,410 43.65% Owner Occupied $1.77 $2,500 1315 N Kingsley Drive Address: Los Angeles, CA 90027 1317 N Kingsley #1 455 14.09% $868 $1.91 $2.64 $1,200 1317 N Kingsley #2 455 14.09% $992 $2.18 $2.64 $1,200 Price: $1,500,000 1317 N Kingsley #3 455 14.09% $935 $2.05 $2.64 $1,200 Building SF: 3,230

1317 N Kingsley #4 455 14.09% $2.64 $1,200 Price/SF (Building): $464 TOTAL 3,230 100% $2,795 $0.87 $7,300 Land SF: 8,479 ANNUALIZED OPERATING DATA Price/SF (Land): $177

INCOME AND EXPENSE CURRENT PRO FORMA EXPENSE BREAKDOWN PER YEAR PER SF Current CAP Rate: 0.54%

Scheduled Lease Income $33,540 $87,600 Taxes @ 1.25% $18,750 $5.80 Pro Forma CAP Rate: 4.14% Tenants pay electric $2,036 $2,036 1317 Electric $1,460 $0.45

Effective Gross Income: $35,576 $89,636 1317 Trash $412 $0.13

Expenses $27,526 $27,526 1315 Electric $423 $0.13

Net Operating Income $8,050 $62,110 1315 Trash $2,036 $0.63 Sewer $1,224 $0.38 Doorbells $1,185 $0.37 Water $568 $0.18 TOTAL $27,526 $8.52 / $0.71

Notes: Owner pays water & doorbell. Tenants pay electric/gas.

18 19 AREA OVERVIEW POINTS OF INTEREST

1 HOLLYWOOD ROOSEVELT HOTEL The Hollywood Roosevelt Hotel hosted the first Academy Awards ceremony . It is the oldest Hollywood, the home of movie continually operating hotel in Los Angeles. studios, many of L.A.'s most HOLLYWOOD WALK OF FAME popular and historic tourist 2 destinations, and its world- The Hollywood Walk of Fame immortalizes the entertainment industry’s biggest celebs with famous namesake boulevard. distinctive five-pointed terrazzo-and-brass stars HOLLYWOOD, CA From the Walk of Fame to embedded in the sidewalks of Hollywood Boulevard behind-the-scene tours, and Vine Street. Hollywood is a neighborhood in the central region of Los Angeles, California. Its name has come to be a Hollywood is a true bucket-list shorthand reference for the U.S. film industry and the people associated with it. Many of its studios such 3 UNIVERSAL STUDIOS HOLLYWOOD as Paramount Pictures, Warner Bros., and Universal Pictures were founded there and Paramount still has destination Learn the secrets of moviemaking magic and look its studios there. King Kong straight in the eye as you visit a working back lot during the world-famous studio tour at Hollywood was incorporated as a municipality in 1903. It was consolidated with the city of Los Angeles in Universal Studios Hollywood. Universal Studios 1910, and soon thereafter a prominent film industry emerged, eventually becoming the most recognizable Hollywood is a film studio and theme park. in the world. 61,491 According to the Mapping L.A. project of the Los Angeles Times, Hollywood is flanked by Hollywood 4 HOLLYWOOD BOULEVARD Hills to the north, Los Feliz to the northeast, East Hollywood or Virgil Village to the east, Larchmont and Population in Hollywood CA In addition to the Hollywood Walk of Fame, the Hancock Park to the south, Fairfax to the southwest, West Hollywood to the west and Hollywood Hills famous Hollywood Boulevard is also where you'll West to the northwest. find iconic museums, theaters, and attractions. Visit Hollywood & Highland, home to the Dolby Theatre A larger-than-life symbol of the entertainment business, Hollywood beckons tourists with landmarks like (where the Academy Awards ceremony is held) TCL Chinese Theatre and star-studded Walk of Fame. Highlights include Paramount Pictures, historic $43,998 and the TCL Chinese Theatres as well as super- music venues like the Hollywood Bowl, and Dolby Theatre, home of the Oscars. Scenesters can choose premium retailers like Louis Vuitton and the trendy Median Household Income from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in OHM Nightclub. in Hollywood, CA nearby Thai Town.

23 22 23 HOLLYWOOD & HIGHLAND

Hollywood & Highland is a shopping center and entertainment complex at Hollywood Boulevard and Highland Avenue in the Hollywood district in Los Angeles. The 387,000 SF center also includes TCL Chinese Theatre (formerly Grauman's Chinese Theatre, and Mann's Chinese Theatre) and the Dolby Theatre (formerly known as the Kodak Theatre), home to the Academy Awards. The historic site was once the home of the famed Hollywood Hotel. Located in the heart of Hollywood, along the Hollywood Walk of Fame, it is among the most visited tourist destinations in Los Angeles.

The complex sits just across Hollywood Blvd. from the El Capitan Theatre and offers views of the Hollywood Hills and Hollywood Sign to the north, Santa Monica Mountains to the west and downtown Los Angeles to the east. The centerpiece of the complex is a massive three-story courtyard inspired by the Babylon scene HOLLYWOOD from the D.W. Griffith film Intolerance. The developer of the shopping center built parts of the archway and two pillars with elephant sculptures on the capitals, just UNIVERSAL CITYWALK as seen in the film, to the same full scale. It gives visitors an idea of how large the original set must have been. Popular with both visitors and locals, Universal CityWalk is a busy area located between the parking areas and the theme park, where guests can enjoy a variety of restaurants and shopping opportunities and even take in a movie or two. You'll find a number of popular eating establishments here, such as The , Bubba Gump Shrimp Company, Buca de Beppo, Tony Roma's Ribs, and the Wolfgang Puck Cafe. You'll even find brand-name stores like Skechers, Quiksilver, Hot Topic, Guess, Fossil, Billabong, and Abercrombie and Fitch. Universal CityWalk can be easily reached from Hollywood and Highland by using the Metro Red Line train.

Universal CityWalk is the name shared by the entertainment and retail districts located adjacent to the theme parks of Universal Parks & Resorts. CityWalk began as an expansion of Universal's first park, Universal Studios Hollywood, and serves as an entrance plaza from the parking lots to the theme parks.

Universal CityWalk Hollywood is a three-block entertainment, dining, shopping promenade. It has more than 30 eateries, a 19-screen movie theater featuring IMAX, 7 night spots, indoor skydiving and more than 30 stores.

24 25 DEMOGRAPHICS DEMOGRAPHICS 1 MILE 3 MILES 5 MILES 2020 Total Population: 82,300 479,802 1,093,856 113,358 0.119% Population Growth 2020-2025 (0.17%) 1.00% 0.93% Average Age: 38.70 38.50 38.50 POPULATION ANNUAL POPULATION GROWTH $82,712 $55,158 2020 Total Households: 31,844 187,399 412,638 AVERAGE HH INCOME MEDIAN HH INCOME WITHIN 5-M RADIUS WITHIN 3-M RADIUS EDUCATION Avg Household Size: 2.40 2.30 2.30 2020 Owner Occupied Households: 2,429 32,110 86,304

2020 Renter Occupied Households: 29,306 167,638 355,381

2020 Median Household Income $41,103 $52,483 $55,158

2020 Average Household Income $58,706 $78,350 $82,712 21.47% 18.05% 5.05% 27.53% 2020 HOUSEHOLDS BY HOUSEHOLD INCOME 86,304 355,381 ASSOCIATE DEGREE <$25,000 10,166 50,221 114,039 HIGH SCHOOL GRADUATE SOME COLLEGE BACHELOR’S DEGREE OWNER OCCUPIED HOUSEHOLDS RENTER OCCUPIED HOUSEHOLDS $25,000 - $50,000 8,248 46,242 92,141 WITHIN 5-M RADIUS WITHIN 5-M RADIUS

$50,000 - $75,000 5,291 33,914 68,661

$75,000 - $100,000 3,043 21,542 47,237

$100,000 - $125,000 2,097 14,443 34,955

$125,000 - $150,000 1,070 8,481 20,943

$150,000 - $200,000 885 9,455 25,018

$200,000+ 934 15,450 38,693 1,093,856 69,294 POPULATION WITHIN 5-M RADIUS BUSINESSES WITHIN A 5-M RADIUS

26 27 'S PREMIER SALES TEAM

BRANDON MICHAELS TEAM MEMBERS Situated in a Senior Managing Director of Investments Sean Brandt QUALIFIED OPPORTUNITY ZONE Senior Director, National Retail Group Ben Brownstein Tel: (818) 212-2794 Nicole Cottrell Fax: (818) 212-2710 Andrew Leff [email protected] Matthew Norona Lauren Sackler License: CA #01434685 Steven Schechter www.BrandonMichaelsGroup.com Austin Sreden