Offering Memorandum 955 - 957 E 4Th Street, Long Beach, Ca

OFFERING MEMORANDUM 955 - 957 E 4TH STREET, LONG BEACH, CA

1 NON-ENDORSEMENT NOTICE TABLE OF CONTENTS

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) 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 corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified SECTION 01 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 corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for Investment Overview // Pg. 6 the purpose of providing tenant lessee information about this listing to prospective customers.

SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct SECTION 02 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 Market Comparables // Pg. 26 perform, and cannot conduct, 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 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 SECTION 03 solely on their own projections, analyses, and decision-making. Market Overview // Pg. 36

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

3 SECTION ONE INVESTMENT OVERVIEW

4 5 INVESTMENT OVERVIEW

Marcus and Millichap REIS is pleased to present 955-957 East 4th Street in Long Beach, California. The subject property is a mixed-use property comprising of four separate buildings, containing approximately 4,748 square feet of leasable area and a building pad area of approximately 870 square feet currently used as a common area patio. Three buildings are residential and one building is commercial. The property was originally built in stages from the early 1920’s - 1930’s.

The commercial building is historically known as the Coffee Pot. The Coffee Pot building has a hexagonal front facade structure crowned with an over sized coffee pot on its roof. The building exemplifies the “programmatic” or “themed” fantasy architecture of the past. The current owner renovated and upgraded the residential buildings and common area courtyard as well as the Coffee Pot’s exterior under the watchful supervision of the City of Long Beach and it’s Cultural Heritage Commission.

The owner also recently leased the Coffee Pot to a high-end specialty salon called Salon Benders. The property is currently zoned PD-30 by the City of Long Beach which allows for a rich mixture of uses, including residential, professional, retail, entertainment and other uses. Current Zoning allows for an approximately 28,880 square feet of maximum building area with an eighty (80) foot height limit. Potential Buyer must verify with the City of Long Beach.

An additional upside can be accomplished by re-positioning the property as Air BNB/Short Term Rentals, convert the current residential bungalow buildings to retail/commercial or food-oriented uses or completely redevelop the entire property (except for the Coffee Pot building) into a major mixed-use project.

Please note that the financial Pro Forma assumes developing the building pad area into a new 2 bedroom and 2 bath residence. PROPERTY HIGHLIGHTS

Historic 1930’s Programmatic Architecture Located in the Extended Part of the Popular “Retro Row” District Completely Renovated Exteriors & Upgraded Interiors Eclectic Piazza-Style Common Courtyard Area Additional Upside with Further Re-Positioning and/or Redevelopment of the Property

6 7 955 East 4th Street | Blue Bungalow Building

8 9 955 1/2 East 4th Street | Yellow Bungalow Building

10 11 955 East 4th Street, Units #1 & 2

12 13 957 East 4th Street | Salon Benders

14 15 955 - 957 East 4th Street | Common Area Courtyard

16 17 RENT ROLL DETAIL OPERATING STATEMENT

Income Current Year 2 Per Unit Per SF Multifamily Gross Potential Rent 127,680 131,510 26,302 27.05 Potential Current Rent/ Current Rent Scheduled Scheduled Potential Loss / Gain to Lease (31,679) 24.8% 0 0.0% 0 0.00 Unit Unit Type Square Feet Rent / SF / Month / SF / Month Rent / Month Rent / Month Rent / Month Month Gross Scheduled Rent 96,001 131,510 26,302 27.05 959 1 Bedrooms/1 Bathroom 658 SF $1,700 $2.58 $1,700 $2.58 $1,700 $2.66 Laundry, Garage and Other Income 3,000 3,000 600 0.62 961 1 Bedrooms/1 Bathroom 658 SF $1,750 $2.66 $1,750 $2.66 $1,800 $2.74 Vacancy (2,880) 3.0% (3,945) 3.0% 955 1/2 2 Bedrooms/1 Bathroom 1,240 SF $2,250 $1.81 $2,250 $1.81 $2,325 $1.88 Effective Gross Income $96,121 $130,565 $26,113 $26.85 955 2 Bedrooms/1 Bathroom 1,436 SF $2,300 $1.60 $2,300 $1.60 $2,370 $1.65 Retail 961 1/2 2 Bedroom/2 Bathrooms 870 SF $0 $0.00 $0 $0.00 $2,395 $2.75 Gross Scheduled Rent 24,000 24,000 31.75 Total/Average 4,862 SF $8,000 $1.65 $8,000 $1.65 $10,640 $2.19 Expense Reimbursements 4,876 5,022 6.64 General Vacancy (720) 3.0% (720) 3.0% Effective Gross Income $28,156 $28,302 $37.44 Description of Square % Bldg Lease Rent per Total Rent Changes Changes Operating Tenant Type Suite Feet Share Term Square Feet Per Month On To Expense Combined EGI $124,277 $158,867 $28.28 Reimbursements 6/1/18 to Salon Benders Retail 957 756 SF 13.46% $31.75 $2,000 June 2021 $2,060 NNN Income Current % of CEGI Year 2 % of CEGI Per SF 5/31/23 Total/Average 756 SF Real Estate Taxes 26,800 21.6% 27,336 17.2% 4.87 Insurance 2,620 2.1% 2,700 1.7% 0.48 Utilities 3,631 2.9% 3,740 2.4% 0.67 Management Fee 0 0.0% 0 0.0% 0.00 Repairs & Maintenance 1,600 1.3% 1,648 1.0% 0.29 General & Administrative 400 0.3% 412 0.3% 0.07 Reserves and Miscellaneous 1,200 1.0% 1,236 0.8% 0.22 Total Expenses $36,251 $37,072 $6.60 Expenses as % of Combined EGI 29.2% 23.3% Net Operating Income $88,026 $121,795 $21.68

18 19 PRICING DETAIL

Summary Income Current Year 2 Price $1,675,000 Multifamily Down Payment $775,000 46% Gross Scheduled Rent $96,001 $131,510 # of Apartment Units 5 All Other Income $3,000 $3,000 # of Commercial Suites 1 Vacancy 3.0% ($2,880) 3.0% ($3,945) Price Per SqFt $298.15 Effective Gross Income $96,121 $130,565 Rentable SqFt 5,618 Retail Suites Lot Size (SqFt) 7,113 Gross Scheduled Rent $24,000 $24,000 Approx. Year Built 1932 / 2015 Expense Reimbursements $4,876 $5,022 All Other Income $0 $0 Current Year 2 Vacancy 3.0% ($720) 3.0% ($720) CAP Rate 5.26% 7.27% Effective Gross Income $28,156 $28,302 Cash-on-Cash 3.97% 8.33% Debt Coverage Ratio 1.54 2.13 Combined Effective Gross $124,277 $158,867 Income (CEGI) Financing Terms Less: Expenses ($36,251) ($37,072) Financing 1st Loan Net Operating Income $88,026 $121,795 Loan Amount $900,000 Cash Flow $88,026 $121,795 Loan Type New Debt Service ($57,245) ($57,245) Interest Rate 4.04% Net Cash Flow After Debt Service 3.97% $30,781 8.33% $64,550 Amortization 25 Years Principal Reduction $21,348 $22,227 Year Due 2027 Total Return 6.73% $52,129 11.20% $86,776 Current Pro Forma # Of Suites Type GLA Expenses Current Year 2 Rent Rent 1 Retail 756 $2,000 $2,000 Real Estate Taxes $26,800 $27,336 Insurance $2,620 $2,700 Current Market # Of Units Unit Type SqFt/Unit Rents Rents Utilities - Combined $3,631 $3,740 2 1 Bed/1 Bath 658 $1,725 $1,775 Operating Expenses - Combined $3,200 $3,296 2 2 Bed/ 1 Bath 1338 $2,275 $2,348 Total Expenses $36,251 $37,072 1 2 Bed/2 Bath 870 $0 $2,395 Expenses/SF $6.45 $6.60

20 21 SURROUNDING RETAIL E Anaheim St Pacific Coast Hwy Woodrow Wilson High School Alamitos Ave (3,679 students)

Museum of Latin American Art

E 7th St

E 4th St

THE PIKE OUTLETS 955 – 957 E 4TH STREET

Long Beach Performing Arts Center

22 23 SECTION TWO MARKET COMPARABLES

24 25 SALES COMPARABLES

Total Total Sales Close of Price Year Property Apartment Commercial Cap Rate Price Escrow PSF Built Units Suites 6 955 - 957 E 4th Street $1,800,000 5 1 4.79% TBD $320.40 1932 5 4 1 400 - 404 E 1st Street $2,325,000 3 3 N/A 7/2/2019 $339.12 1902 2 3

1 2 443 - 449 E Broadway $2,900,000 0 11 N/A 8/30/2019 $590.15 1922

3 2204 E Broadway $1,140,000 0 1 N/A 6/6/2019 $453.64 1924

4 1249 E 3rd Street $1,799,000 6 0 4.84% 3/19/2020 $549.15 1923

5 3011 E 4th Street $2,500,000 8 0 4.37% On-Market $390.44 1963

6 463 W 6th Street $1,900,000 8 0 4.75% On-Market $474.88 1923

Average $2,094,000 4 3 4.65% -- $466.23 --

SALES 955 - 957 E 4th Street 4 1249 E 3rd Street

COMPARABLES 1 400 - 404 E 1st Street 5 3011 E 4th Street

2 443 - 449 E Broadway 6 463 W 6th Street

3 2204 E Broadway

26 27 SALES COMPARABLES SALES COMPARABLES

1 2 3 4 5

955 - 957 E 4TH Street | Long Beach, CA 90802 400-404 E. 1ST Street | Long Beach, CA 90802 443 - 449 E Broadway | Long Beach, CA 90802 2204 E Broadway | Long Beach, CA 90803 1249 E 3RD Street | Long Beach, CA 90802 3011 E 4TH Street| Long Beach, CA 90814 Offering Price $1,800,000 Sold Price $2,325,000 Sold Price $2,900,000 Sold Price $1,140,000 Sold Price $1,799,000 Sold Price $2,500,000 Price per SF $320.40 Price per SF $339.12 Price per SF $590.15 Price per SF $453.64 Price per Unit $299,833 Price per Unit $312,500 Cap Rate 4.79% Cap Rate N/A Cap Rate N/A Cap Rate N/A Price per SF $549.15 Price per SF $390.44 Year Built 1932 Year Built 1902 Year Built 1922 Year Built 1924 Cap Rate 4.84% Cap Rate 4.37% Total Apartment Units 5 Total Apartment Units 3 Total Apartment Units 0 Total Apartment Units 0 Year Built 1923 Year Built 1963 Total Commercial Suites 1 Total Commercial Suites 3 Total Commercial Suites 11 Total Commercial Suites 1 Total Apartment Units 6 Total Apartment Units 8 Unit Mix Unit Mix Unit Mix Unit Mix Total Commercial Suites 0 Total Commercial Suites 0 1 Bed/1 Bath 2 1 Bed/1 Bath 3 Retail 4 Retail 1 Unit Mix Unit Mix 2 Bed/1 Bath 2 Retail 3 Office 7 Studio/1 Bath 1 2 Bed/1 Bath 7 2 Bed/2 Bath 1 3 bed/2 Bath 1 Retail 1

28 29 SALES COMPARABLES 6 7

3 8 1 4 2 10 5

463 W 6th Street | Long Beach, CA 90802 9 Sold Price $1,900,000 Price Per Unit $237,500 Price per SF $474.88 Cap Rate 4.75% Year Built 1923 Total Apartment Units 8 Total Commercial Suites 0 Unit Mix Studio/1 Bath 6 2 Bed/1 Bath 2 LEASE 955 - 957 E 4th Street 4 1731 E Broadway 8 2626 Colorado Street

COMPARABLES 1 101 Alamitos Avenue 5 1802 E 1st Street 9 3428 E 1st Street

2 232 Cherry Avenue 6 1401 Loma Avenue 10 2202 E Lowena Drive

3 252 Elm Avenue 7 1390 Bennett

30 31 LEASE COMPARABLES LEASE COMPARABLES

5 6 7 1 2

1802 E 1st Avenue 1401 Loma Avenue 1390 Bennett 955 - 957 E 4th Street 101 Alamitos Avenue 232 Cherry Avenue 8 9 10 Available Asking Year Commercial Leases Total GLA SF Rent/SF Built

1 101 Alamitos Avenue, Long Beach, CA 90802 2,370 SF 2,549 SF $2.50 1947

2 232 Cherry Avenue, Long Beach, CA 90802 4,263 SF 2,714 SF $2.50 1920

3626 Colorado Street 3428 E 1st Street 2202 E Lowena Drive 3 4 Multifamily Leases Type Tenant SF Rent Rent PSF Year Built 1 Bed/1 Bath 2 658 SF $1,725 $2.62 2 Bed/1 Bath 2 $2,275 955 - 957 E 4th Street, Long Beach, CA 90802 2 Bed/2 bath 1 $0 Retail 1 756 SF $2,000 $31.75

5 1802 E 1st Avenue, Long Beach, CA 90802 1 Bed/1 Bath Cottage 1 905 SF $2,400 $2.65 1912 252 Elm Avenue 1732 E Broadway 6 1401 Loma Avenue, Long Beach, CA 90804 2 Bed/1 Bath House 1 1,034 SF $2,595 $2.51 1941 Avg. Rent Retail Leases Type Tenant Avg. SF Monthly PSF 7 1390 Bennett, Long Beach, CA 90804 2 Bed/1 Bath House 1 904 SF $2,495 $2.76 1924 Rent 1 1,200 SF $2,700 $2.25 3626 Colorado Street, Long Beach, CA 90814 1 Bed/1 Bath Flat 1 700 SF $1,795 $2.56 1940 3 252 Elm Avenue, Long Beach, CA 90802 Retail 8 1 456 SF $1,200 $2.63 9 3428 E 1st Street, Long Beach, CA 90803 1 Bed/1 Bath Flat 1 568 SF $1,795 $3.16 1922 4 1732 E Broadway, Long Beach, CA 90802 Retail 1 470 SF $1,245 $2.65

10 2202 E Lowena Drive, Long Beach, CA 90803 1 Bed/1 Bath Cottage 1 500 SF $1,750 $3.50 1919

32 33 SECTION THREE MARKET OVERVIEW

34 35 DOWNTOWN LONG BEACH AREA

Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach is centrally located between Los Angeles and Orange County, making it an ideal location for residents to access both markets, and the city is connected to the region via multiple modes of transportation, including the Metro Blue Line connecting Long Beach to Downtown Los Angeles as well as Southern California’s vast freeway network. The seventh largest city in California with a population of over 490,000, Long Beach is home to a diverse and growing labor pool and offers the amenities of a large city within a clean and safe beachfront community. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.

DESIREABLE COASTAL COMMUNITY

Long Beach offers high quality of life attributes that attract recent college graduates, young couples, affluent professionals, and corporate executives seeking coastal living proximate to leading corporate concentrations. The city’s population has increased 4% since 2010, and it is projected to increase an additional 3.4% in the next five years. Individuals and families seeking a dynamic urban environment are increasingly choosing downtown Long Beach. Downtown Long Beach offers abundant resident-serving amenities and services; is one of the most walkable and bike-friendly neighborhoods in Southern California; enjoys convenient public transit Market (downtown Long Beach is the southern terminus for the Metro Blue Line light rail corridor connection to Overview downtown Los Angeles) and freeway accessibility; and offers easy beach access. 65k 180k 4.3M 37k 10k International City Long Beach Grand SF of Total Office Total Number of Workers in Area - Bank Marathon Prix Inventory Students in Area Average Age of 37 36 37 LONG BEACH A BURGEONING CORE MARKET DOWNTOWN ECONOMIC DEVELOPMENT STRONG UNDERLYING FUNDAMENTALS WILL DRIVE OPERATIONS & GROWTH Downtown Long Beach is home to the highest employment densities in the city, with over Long Beach’s central location and proximity to a diverse labor pool have made the city a logical choice for many California 40,000 jobs. and international businesses. The city is anchored by two world-class ports and a modernized airport, and offers numerous amenities and a well-developed infrastructure including quality office and commercial space, public transit options, and By the numbers: freeway accessibility. Downtown Long Beach acts as the city’s economic and cultural center and is home to over 1,700 businesses, employing approximately 44,000 people. The city’s economy is well diversified, with no single employment 1,700 Businesses Operating in DTLB sector accounting for a majority of the regional workforce. 154 Net New Businesses in 2016 Major Employers Include: 17% Population Growth Since 2010 The City of Long Beach The California State University BRAGG Companies Apparel EPSON MemorialCare Health System BOEING Verizon Molina HealthCare DOWNTOWN PLAN

Approved in January 2012, the Downtown Plan is the updated plan for land use, zoning, and planned development districts in Downtown Long Beach and serves as the land use and design guideline for all future development in the project area. The plan reduces procedural obstacles for development and focuses on growth and organic expansion. Full implementation of the Downtown Plan could Over $2B 2,000 Over 100 1.3M SF increase the density and existing downtown Invested in real Residential units Restaurants in Of ground retail land uses over a 25-year time period by estate transactions built within the last DTLB space allowing up to: & new development 10 years projects since 2013 1.5 million square feet of new office, civic, cultural, and similar uses

Port of Long Beach 344k SF $6.5M $114K 384,000 square feet of new retail One of the largest of retail & Invested into the DTLB has many ports in the world entertainment Pine Avenue refresh wealthy workers 96,000 square feet of restaurants space project who earn an average income of $114k

38 39 RETRO ROW 4TH STREET CORRIDOR

Dubbed “Retro Row,” 4th Street is where the vibrancy and creative spirit of Long Beach lives! Stretching between Cherry and Junipero, the district is home to an exciting group of 40+ independent merchants. Kitchy and hip and always hospitable, 4th Street features vintage & contemporary clothing, furniture & accessories, art, antiques & collectibles, books, roller skates & skate boards as well as a locally owned restaurants, coffee shops and wine bars. We also boast salon and health & fitness services, too. Adding to the retro vibe of the street is the restored 1920’s Art Theatre, which hosts a mix of first-run and art films, live concerts & comedy and other unique events. 4th Street is one of the few designated bike-friendly business districts in the city

“Long Beach is a city defined by its neighborhoods, and one of them is the area around Fourth Street and Cherry Avenue dubbed Retro Row. Anchored by the gloriously redone Art Theater, you’ll find everything from junk stores to places selling $8,000 Hans Wegner Chairs.” - LA TIMES

40 41 RECENTLY COMPLETED DTLB MAJOR MULTI-FAMILY DEVELOPMENT PROJECTS ACTIVE, APPROVED & PROPOSED MULTI-FAMILY DEVELOPMENT PROJECTS

THE LINDEN | 434 E 4TH STREET THE ALAMITOS | 101 ALAMITOS AVENUE HUXTON | 227 ELM AVENUE 442 RESIDENCES | 442 W OCEAN BLVD 135 LINDEN AVENUE 320 ALAMITOS AVENUE SHORELINE GATEWAY | 777 E OCEAN BLVD Seven Story +/- 49,000 sq. ft. Mixed-Use Project Seven-story, mixed-use project Three Story Residential Townhome Project Five Story +/- 64,000 sq. ft. Mixed-Use Project 49 Luxury Apartments with ground level retail/ 136 condominiums w/pedestrian-oriented 40 Luxury Townhomes ranging from 1,242-1,867 216 Luxury Apartments with ground level retail/ New five-story, mixed-use development New seven-story, multifamily development Approved 35-story, 315-residential units restaurant space retail/restaurant space sq. ft. over garages restaurant space 82 residential units above 4,091 square feet of 77-unit market rate apartment complex Retail/restaurant space on the ground level Completed 4th Quarter; 2019 Completed July; 2020 Completed Spring; 2019 Completed 2nd Quarter; 2020 commercial space Groundbreaking late 2018

THE CREST | 207 SEASIDE WAY OCEAN AIRE | 150 W OCEAN BLVD THE PACIFIC | 230 W 3RD STREET AMLI PARK BROADWAY | 245 W BROADWAY

Five Story +/- 182,000 sq. ft. Multi-Family Project Seven Story +/- 160,000 sq. ft. Multi-Family Seven Story +/- 170,000 sq. ft. Mixed-Use Project Seven Story 250,000 sq. ft. Mixed-Use Project Project 102 Luxury Apartments 163 Luxury Apartments with ground level retail/ 222 Luxury Apartments with ground level retail/ BROADWAY BLOCK | 200-256 LONG BEACH BLVD THE ASTER | 125 LONG BEACH BLVD INKWELL | 127-135 BROADWAY 216 Luxury Apartments restaurant space restaurant space Completed 1st Quarter; 2020 Completed Summer Quarter; 2019 Completed 2nd Quarter; 2020 Completed Summer; 2019 Proposed two-building, mixed-use project, Proposed eight-story, mixed-used development Proposed mixed-used development including a 23-story tower and seven-story 218 residential units 172 residential units mid-rise 10,000 square feet of retail space 10,000 square feet of retail space 400 residential units, including 14 affordable units, w/ creative open space & retail space

42 43 FUTURE DTLB MAJOR COMMERCIAL DEVELOPMENT PROJECTS DEMOGRAPHIC SNAPSHOT

Population Households by Expenditure 1 Mile 3 Miles 5 Miles 1 Mile 3 Miles 5 Miles 2022 Projection Total Average Household Retail Expenditure $57,063 $62,372 $68,639 Total Population 66,769 244,002 398,917 Consumer Expenditure Top 10 Categories 2017 Estimate Housing $17,482 $18,968 $20,637 Total Population 65,977 244,194 399,746 Shelter $12,004 $12,968 $13,858

100 E OCEAN BOULEVARD WORLD TRADE CENTER | 600 W BROADWAY LONG BEACH CIVIC CENTER | 411-415 W OCEAN BLVD 2010 Census Transportation $8,561 $9,582 $10,697 Total Population 61,338 231,357 382,160 Food $5,981 $6,521 $7,069 Proposed 30-Story Hotel w/ 429 Rooms Proposed Mixed-Use in Six Buildings of Varying Proposed eight-story, mixed-used development Heights From Six-Stories to 40-Stories w/694 2000 Census Personal Insurance and Pensions $4,717 $5,559 $6,479 50,000-Square Feet of Banquet, Retail & 218 residential units Residential Units Restaurant Space Total Population 62,142 233,810 381,086 Health Care $2,616 $2,930 $3,495 10,000 square feet of retail space 77-unit market rate apartment complex Current Daytime Population Utilities $2,611 $2,850 $3,145 2017 Estimate 64,272 211,855 418,361 Entertainment $2,094 $2,334 $2,640 Apparel $1,829 $2,088 $2,352

Households Household Furnishings & Equipment $1,241 $1,365 $1,563 1 Mile 3 Miles 5 Miles

2022 Projection Households by Income

Total Population 29,684 92,637 148,546 1 Mile 3 Miles 5 Miles 2017 Estimate 2017 Estimate Total Population 28,640 90,884 146,055 $150,000 or More 6.06% 7.53% 11.14% Average Household Size 2.24 2.62 2.66 $100,000 - $149,000 8.08% 10.10% 12.54% 2010 Census $75,000 - $99,999 9.34% 10.22% 11.21% 3RD & PACIFIC | 131 W 3RD STREET QUEEN MARY ISLAND | 1126 QUEENS HWY Total Population 26,309 85,240 138,321 $50,000 - $74,999 15.83% 17.72% 17.65% $35,000 - $49,999 14.83% 14.24% 12.73% Proposed Mixed-Use, High Rise Development 65 Acres of Waterfront Land Surrounding the 2000 Census Iconic Queen Mary Under $35,000 45.85% 40.20% 34.72% 23-Story Tower, 366 Residential Units w/ Retail & Total Population 25,094 83,958 136,340 Commercial Space $250 Million Entertainment Destination & Occupied Units Average Household Income $59,313 $66,710 $80,578 Tourist Attraction Former Successor Agency-Owned Property 2022 Projection 29,684 92,637 148,546 Median Household Income $38,704 $45,294 $53,291 2,400-Foot Long Boardwalk w/ Cafes, Bars & Per Capita Income $26,132 $25,184 $29,807 Eclectic Retail Shops 2017 Estimate 31,275 95,695 152,148 200-Room Hotel & a Grand Outdoor 31,275 44 Amphitheater 45 955 - 957 E 4TH STREET

EXCLUSIVELY LISTED BY

MARTIN PORTER Director National Retail Group Long Beach Office Tel: (562) 257 - 1233 [email protected] License: CA 00861399

KEVIN J. KING Senior Managing Director Investments Long Beach Office Tel: (562) 257 - 1246 [email protected] License: CA 01158184