1600 Wilshire Blvd. Los Angeles, CA

OFFERING MEMORANDUM: Property For Sale DISCLAIMER

This confidential Offering Memorandum (this “Memorandum”) is being its own independent investigations, projections and conclusions regarding the delivered subject to the terms of the Confidentiality Agreement personally or acquisition of the Property without reliance on this Memorandum or any other electronically signed by you (the “Confidentiality Agreement”) and constitutes Evaluation Material. Although additional Evaluation Material, which may include part of the Evaluation Material (as defined in the Confidentiality Agreement). It engineering, environmental or other reports, may be provided to qualified parties is being given to you for the sole purpose of evaluating the possible acquisition as the marketing progresses, prospective purchasers should seek advice from of 1600 Wilshire Boulevard, Los Angeles, CA (the “Property”), and is not to be their own attorneys, accountants, and engineering and environmental experts. used for any other purpose or made available to any other party without the Owner expressly reserves the right, at its sole discretion, to reject any offer to prior written consent of the “Owner” or Voit Real Estate Services (“Broker”). purchase the Property or to terminate any negotiations with any party at any This Memorandum was prepared by the Broker based on information supplied time with or without written notice. Owner shall have no legal commitment or by the Owner and the Broker. It contains selected information about the obligations to any prospective purchaser unless and until a written purchase Property and the real estate market but does not contain all the information and sale agreement has been fully executed, delivered and approved by necessary to evaluate the acquisition of the Property. The financial projections Owner and any conditions to Owner’s obligations therein have been satisfied contained herein (or in any other “Evaluation Material”, including any computer or waived. diskettes or files distributed to you via email from Broker accessible online Owner has retained Broker as its exclusive broker and will be responsible for any through Broker’s website) are for general reference only. They are based on commission due to Broker in connection with a sale of the Property pursuant to assumptions relating to the general economy and local market, among other a separate agreement. Broker is not authorized to make any representation or factors. Accordingly, actual results may vary materially from such projections. agreement on behalf of Owner. Each prospective purchaser will be responsible Various documents have been summarized herein to facilitate your review; for any claims for commissions by any other broker in connection with a sale these summaries are not intended to be a comprehensive statement of the of the Property if such claims arise from acts of such prospective purchaser or terms or a legal analysis of such documents. its broker. While the information contained in this Memorandum and any other Evaluation This Memorandum is the property of the Owner and Broker and may be Material is believed to be reliable, neither Broker nor Owner guarantees its used only by parties approved by the Owner and Broker. No portion of this accuracy or completeness. Because of the foregoing and since the Property Memorandum may be copied or otherwise reproduced or disclosed to anyone will be sold on an “As-Is, Where-Is” basis, a prospective purchaser must make except as permitted under the Confidentiality Agreement.

EXCLUSIVELY OFFERED BY:

STAN KWAK COLIN CARTER Vice President Associate 2400 E. Katella Avenue, Suite 750 Lic #01824776 Lic #02012584 Anaheim, CA 92806 714.935.2327 714.935.2303 714.978.7880 • 714.978.9431 Fax [email protected] [email protected] WWW.VOITCO.COM

EXECUTIVE PROJECT PROPERTY MARKET AREA SUMMARY 4 OVERVIEW 7 DESCRIPTION 12 OVERVIEW17 OVERVIEW 20 DEMOGRAPHICS 23 RENT ROLL 28 EXECUTIVE SUMMARY EXECUTIVE SUMMARY

Voit Real Estate Services is pleased to offer for sale the fee simple ownership of an approximately 26,820 sf freestanding low-rise office/retail building. Property is centrally located near Downtown Los Angeles and Koreatown, two of the hottest areas in Los Angeles County. Frontage on Wilshire Boulevard, one of the busiest thoroughfares of Los Angeles, provides excellent street frontage with a total traffic count of more than 18,614 cars daily (Costar 2015).

1600 Wilshire is located just west of Downtown Los Angeles in the Westlake district minutes from Staples Center, L.A. Live and the Los Angeles Convention Center. The Central Los Angeles office market is strong for owners as lease rates continue to rise and vacancy continues to fall. The project also offers immediate access to three major freeways including the Harbor (110), Santa Monica (10) and Hollywood (101) Freeways as well as convenient access to the Westlake/MacArthur Park Metro Station and Los Angeles International Airport.

5 PROPERTY OVERVIEW PROPERTY OVERVIEW

• Excellent opportunity for Owner/User to occupy entire second and third floors. • The project has undergone extensive interior renovations including new restrooms on the second and third floors. • Diverse mix of office and retail use. • Desirable on-site parking. • Located directly on Wilshire Boulevard, which provides excellent signage, street identity, vehicle circulation and access to many restaurants and retail.

7 Utility/ Power 720 SF

Ste 140 250 SF

Suite 130 & 150 Parking 500 SF 6,090 SF Suite 120 RR 410 SF

Suite 100 Suite 110 1,250 SF 1,200 SF

FLOOR PLAN - 1ST FLOOR 8 Suite 210D Suite 210C Suite 210B Suite 210E 140 SF 155 SF 155 SF 300 SF Suite 200B Suite 200A 520 SF 680 SF

Ste 210A 100 SF

Ste 220 550 SF

Suite 205 233 SF

Suite 230 800 SF Suite 260 750 SF

Roof Deck 3,776 SF Ste 240 720 SF

Suite 250 1,216 SF

FLOOR PLAN - 2ND FLOOR 9 Suite 310 798 SF

Suite 320 757 SF Suite 330 1,093 SF

Suite 300 Suite 300 306 SF RR RR 154 SF

Suite 340 Suite 350 715 SF 521 SF Suite 300 1,787 SF

Suite 300 946 SF

Suite 300 1,350 SF

Suite 300 1,250 SF

FLOOR PLAN - 3RD FLOOR 10 1600 Wilshire Blvd.

AERIAL 11 PROPERTY DESCRIPTION PROPERTY DESCRIPTION

The project features office/retail consisting of three (3) stories and 20 units with flexible sizes ranging from 410 to 3,240 square feet and a 2:1 parking ratio.

Address: 1600 Wilshire Boulevard, Los Angeles, CA 90017

Total Building Area: Approximately 26,830 SF

Parcel Size: Approximately 0.28 Acres for entire project

Year Built: 1962

Total Units: 20 units, including office and retail

Zoning: C4-2 (Commercial)

Parking Ratio: 2:1,000

Assessor Parcel #: 5142-012-024

Unit Size Range: 410 SF to 3,240 SF

13 MARKET OVERVIEW MARKET OVERVIEW

LOS ANGELES 1600 Wilshire consists of a three (3) story, elevator serviced office/retail building located in the Central Los Angeles submarket of Westlake. Presently, the property is in good condition with no apparent deferred maintenance relating to improvements or common areas. Built in 1962, the subject consists of an approximately 26,830 SF, 3-story elevator served office building. The first floor offers ±3,610 SF of retail/office space with ±6,090 SF of parking. The second floor offers ±6,319 SF of office space (with a ±3,776 SF roof deck) and the third offers ±9,677 SF. All three floors are easily divisible to multiple tenants.

1600 Wilshire is located in the residential and commercial neighborhood of Westlake in Central Los Angeles. The project is centrally located at the epicenter of Los Angeles, only 1.2 miles from Staples Center/L.A. Live and 2.6 miles from historic Dodger Stadium. Westlake sits on the outskirts of Koreatown to the West and the downtown financial district to the East. With over 120,000 residents in the 2.72-square-mile neighborhood, Westlake boasts the second-highest density of any community in Los Angeles County, after Koreatown.

Current office inventory in Central Los Angeles is approximately 14,139,700 SF while the entire Greater LA market has 303,594,000 SF for buildings 25,000 SF or larger. Net absorption for the Greater LA office market remains positive for the 11th straight quarter at 3,534,000 SF for 2016. The average asking leasing rate is $2.65 per sf in Central Los Angeles. Current office construction in Central LA is at 610,400 SF while Greater LA has 5,416,400 SF currently under construction.

With 35.8 million square feet, amounting to 18.1% of the total metro inventory, the Downtown submarket is the largest of the twenty-one distinct geographic concentrations that form the Los Angeles office market. Total employment in the Los Angeles metropolitan area increased by 14,100 jobs during the 4th quarter of 2016, while in the dominant office-using industries, employment grew by 7,300. Rental rates in this market have consistently increased for the 12th consecutive quarter with a 6% annual rent growth for the past three years. 15 LOS ANGELES OFFICE OFFICESUBMARKET SUBMARKET SNAPSHOT SNAPSHOT Los Angeles – Located on the southern coast of California, Los # of Buildings 17,631 Vacancy & Availability Rates Angeles County covers 4,084 square miles and includes San LOSPercent ANGELES - ALL SIZES Clemente and Santa Catalina islands. The county is comprised of Market Size (Sq. Ft) 430,872,703 16.0% Located 14.93%on the14.76% southern coast of California, Los Angeles 14.52% 14.50% The city’s expansive metropolitan area is the second-largest 14.59% 14.26% approximately 88 vibrant and diverse cities hosting more than Vacancy Rate 10.61% 15.0% 14.01% County covers 4,084 square miles and includes San 13.85% 13.77% inthe country, with over 18 million people spread over a 244,000 business establishments—the highest concentration in SF Vacant 45,701,995 Clemente14.0% and Santa Catalina islands. The county is land area the size of Maine. Thirty of LA’s suburbs have comprised13.0% of approximately 88 vibrant and diverse cities the state. Availability Rate 13.77% populations of 80,000 or more. Los Angeles is very diverse, hosting12.0% more than 244,000 business establishments—the with people from over 140 countries and the largest Latin- Throughout recent decades, Los Angeles County developed a 59,336,007 SF Available highest concentration in the state. 11.0% American and Asian-American populations of any US city. diverse economic base, supported by a number of Fortune 500 SF Under Construction 4,637,094 11.23% 10.94% 11.07% Throughout10.0% recent decades,10.76% Los Angeles10.68% County developed10.61% companies with headquarters in the area, including Walt Disney, 10.37% SF Delivered in Last 4 Quarters 1,719,507 10.26% 10.09% a 9.0%diverse economic base, supported by a number of Fortune Dole Food Company, Health Net, DirecTV Group, Mattel and 500companies8.0% with headquarters in the area, including Walt many others. Disney, Dole Food Company, Health Net, DirecTV Group, 7.0% The city’s expansive metropolitan area is the second-largest in Mattel and many others. Absorption 6.0% Square Feet the country, with over 18 million people spread over a land area 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 8,000,000 YTD the size of Maine. Thirty of LA’s suburbs have populations of 7,067,7427,164,509 Vacancy Availability 6,807,931 6,909,282 6,726,625LOS6,742,656 ANGELES6,597,075 OFFICE SUBMARKET SNAPSHOT 80,000 or more. Los Angeles is very diverse, with people from 5,680,882 over 140 countries and the largest Latin-American and Asian- 6,000,000 Los Angeles – Located on the southern coast of California,5,198,913 Los RENTAL RATES VACANCY & AVAILABILITY RATES American populations of any US city. Rental Rates Vacancy & Availability Rates Angeles County covers 4,084 square miles and includes San Asking# of Rate Buildings 17,631 Percent $2.90 4,000,000 Clemente and Santa Catalina islands. The county is comprised of Market Size (Sq. Ft) 430,872,703 16.0% $2.77 14.93% 14.76% $2.75 14.52% 14.50% $2.80Vacancy Rate $2.72 10.61% 15.0% 14.59% 14.26% approximately 88 vibrant and diverse cities hosting more than 14.01% 13.85% $2.67 13.77% $2.66 14.0% 244,000 business1,904,909 establishment s—the highest concentration in $2.70SF Vacant $2.62 45,701,995 2,000,000 1,760,132 1,459,3121,463,819 $2.57 13.0% the state. $2.60Availability Rate$2.55 13.77% Market Statistics vs. Previous Year 789,372 887,421 $2.49 12.0% Net Absorption Throughout recent decades, Los Angeles County developed a $2.50SF Available 59,336,007 0 11.0% diverse economic base, supported by a number of Fortune 500 $2.40SF Under Construction 4,637,094 11.23% 10.94% 11.07% (302,137) 10.0% 10.76% 10.68% 10.61% (449,833) companies with headquarters in the area, including Walt Disney, 10.37% $2.30SF Delivered in Last 4 Quarters 1,719,507 10.26% 10.09% 9.0% Lease Rates Dole Food Company, Health Net, DirecTV Group, Mattel and -2,000,000 $2.20 (1,978,035) 8.0% many others. $2.10 7.0% The city’s expansive metropolitan area is the second-largest in Absorption 6.0% Vacancy -4,000,000 Square$2.00 Feet 1Q15 2Q15the country, 3Q15 with 4Q15 over 1Q 1816 million 2Q16 people 3Q16 spread 4Q16 over 1Q17a land area 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 8,000,000 YTD the size of Maine. Thirty of LA’s suburbs have populations of 7,067,7427,164,509 Vacancy Availability Net Absorption Gross Absorption Triple Net (NNN) Average Asking Rates per6,807,931 Month per Sq. Ft. 6,909,282 6,726,6256,742,656 6,597,075 16 80,000 or more. Los Angeles is very diverse, with people from 5,680,882 over 140 countries and the largest Latin-American and Asian- 6,000,000 5,198,913 Rental Rates American populations of any US city. Asking Rate $2.90 4,000,000 $2.77 $2.75 $2.80 $2.72 $2.66 $2.67 $2.70 1,760,132 1,904,909 $2.62 2,000,000 1,459,3121,463,819 $2.57 $2.60 $2.55 887,421 Market Statistics vs. Previous Year 789,372 $2.49 Net Absorption $2.50 0 $2.40 (449,833) (302,137) $2.30 Lease Rates -2,000,000 $2.20 (1,978,035) $2.10

Vacancy -4,000,000 $2.00 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17

Net Absorption Gross Absorption Triple Net (NNN) Average Asking Rates per Month per Sq. Ft. AREA OVERVIEW AREA OVERVIEW

DOWNTOWN LOS ANGELES economically viable. It is the most densely populated district by population in Los Angeles County, with some 120,000 residents Downtown Los Angeles is the central business district of Los in 2.7 square miles. The community is highly diverse and known Angeles, California. The downtown district is home to over for its restaurants and nightlife including the world famous 500,000 jobs. In 1999, the Los Angeles City Council passed an Wiltern Theatre on the corner of Wilshire and Western. adaptive reuse ordinance, making it easier for developers to convert outmoded, vacant office and commercial buildings into LOS ANGELES COUNTY renovated lofts and luxury apartment/condo complexes. The office market downtown has recently migrated west towards With a population of more than eighteen million people, it is Bunker Hill and the Financial District where many corporate the most populous county in the United States, and larger than skyscrapers, hotels, banks, law firms and real estate firms have that of 42 individual U.S. states. It consists of 88 incorporated resided. Downtown is home to many historic landmarks and cities. The county is comprised of over 244,000 businesses event centers including Staples Center, L.A. Live, the Microsoft which is the highest concentration in the state. Today, metro Theatre, Walt Disney Concert Hall, Union Station and the Grand Los Angeles is the nation’s largest manufacturing area and Central Market. the top international trade center in the country. The ports of Los Angeles and Long Beach are the main distribution hub of KOREA TOWN the west coast and a gateway to Asia. Los Angeles county’s 37 departments and $24.2 billion budget provide extensive Koreatown is located in Central Los Angeles, near Eight Street business opportunities to the private sector, both in contracts for and Western Avenue. Known for its high density Korean goods and services. Los Angeles County has a Gross Domestic population, the neighborhood began when the immigrant Product (GDP) of approximately $544 billion, placing it among population from Korea spiked in the 1960s. Named for its the top 20 economies in the world – higher than Switzerland, residents’ heritage, many Koreans found housing in the area Sweden and Saudi Arabia. and began opening businesses. Today, the neighborhood is home to many historic Art Deco buildings with terra cotta facades which have been preserved and still remain

18 RETAIL SITE PLAN 19 DEMOGRAPHICS Demographic and Income Profile

1600 Wilshire Blvd, Los Angeles, CA 90017 Prepared by Esri 1600 Wilshire Blvd, Los Angeles, California, 90017 Latitude: 34.05539 Ring: 1 mile radius Longitude: -118.27026

Summary Census 2010 2016 2021 Population 103,857 107,319 111,072 Households 36,698 38,028 39,434 Families 20,628 21,170 21,848 Average Household Size 2.77 2.76 2.76 Owner Occupied Housing Units 2,239 2,263 2,375 Renter Occupied Housing Units 34,459 35,765 37,059 Median Age 30.6 31.6 32.4 Trends: 2016 - 2021 Annual Rate Area State National Population 0.69% 0.87% 0.84% Households 0.73% 0.79% 0.79% Families 0.63% 0.79% 0.72% Owner HHs 0.97% 0.69% 0.73% Median Household Income 0.42% 2.73% 1.89% 2016 2021 Households by Income Number Percent Number Percent <$15,000 10,487 27.6% 11,333 28.7% $15,000 - $24,999 7,352 19.3% 6,911 17.5% $25,000 - $34,999 5,404 14.2% 5,225 13.2% $35,000 - $49,999 5,471 14.4% 6,058 15.4% $50,000 - $74,999 4,168 11.0% 3,784 9.6% $75,000 - $99,999 1,913 5.0% 2,207 5.6% $100,000 - $149,999 1,888 5.0% 2,215 5.6% $150,000 - $199,999 673 1.8% 867 2.2% $200,000+ 672 1.8% 833 2.1%

Median Household Income $26,673 $27,234 Average Household Income $42,513 $45,794 DEMOGRAPHICSPer Capita Income Demographic and Income Profile$15,818 $16,983 Census 2010 2016 2021 1600 Wilshire Blvd, Los Angeles, CA 90017 Prepared by Esri Population by Age Number Percent Number Percent Number Percent 1600 Wilshire Blvd, Los Angeles, California, 90017 Latitude: 34.05539 0 - 4 7,771 7.5% 7,743 7.2% 8,253 7.4% 1 MILE RADIUS Ring: 1 mile radius Longitude: -118.27026 5 - 9 6,420 6.2% 6,729 6.3% 6,915 6.2% 10 - 14 6,325 6.1% 6,082 5.7% 6,158 5.5% Summary Census 2010 2016 2021 15 - 19 7,755 7.5% 6,926 6.5% 6,302 5.7% Population 103,857 107,319 111,072 20 - 24 10,921 10.5% 10,789 10.1% 9,787 8.8% Households 36,698 38,028 39,434 25 - 34 Demographic and2 1,Inc459ome 20.7%Profile 22,730 21.2% 23,983 21.6% Families 20,628 21,170 21,848 35 - 44 15,304 14.7% 15,880 14.8% 17,012 15.3% Average Household S1ize600 Wilshire Blvd, Los Angeles, CA 90017 2.77 2.76 Prepared by Esri 2.76 45 - 54 11,405 11.0% 11,615 10.8% 12,062 10.9% Owner Occupied Housi16n0g 0Un Wilshireits Blvd, Los Angeles, California, 902,017239 2,263 Latitude: 34.05539 2,375 55 - 64 7,646 7.4% 8,604 8.0% 9,282 8.4% Renter Occupied HousRinging: U 1n itsmile radius 34,459 35,765Longitude: -118.27026 37,059 65 - 74 4,625 4.5% 5,669 5.3% 6,407 5.8% Median Age 30.6 31.6 32.4 75 - 84 2,966 2.9% 3,188 3.0% 3,468 3.1% TrendsT 2016-2021rends: 2016 - 2021 Annual Rate Area State National 85+ 1,260 1.2% 1,363 1.3% 1,444 1.3% Population 0.69% 0.87% 0.84% 2.5 Census 2010 2016 2021 )

t Households 0.73% 0.79% 0.79%

n Race and Ethnicity Number Percent Number Percent Number Percent

e Families 0.63% 0.79% 0.72% c White Alone 33,314 32.1% 33,872 31.6% 35,132 31.6% r 2

e Owner HHs 0.97% 0.69% 0.73%

p Black Alone 5,011 4.8% 4,855 4.5% 4,728 4.3% Median Household Income 0.42% 2.73% 1.89% n

i American Indian Alone 1,725 1.7% 1,718 1.6% 1,723 1.6%

( 1.5

2016 2021

e Asian Alone 16,367 15.8% 17,896 16.7% 19,337 17.4% t Households by Income Number Percent Number Percent a Pacific Islander Alone 175 0.2% 189 0.2% 196 0.2% R 1 <$15,000 10,487 27.6% 11,333 28.7% l Some Other Race Alone 41,796 40.2% 43,107 40.2% 44,121 39.7% a $15,000 - $24,999 7,352 19.3% 6,911 17.5% u Two or More Races 5,469 5.3% 5,681 5.3% Area5,835 5.3% n 0.5 $25,000 - $34,999 5,404 14.2% State5,225 13.2% A n $35,000 - $49,999 5,471 14.4% USA6,058 15.4% Hispanic Origin (Any Race) 74,734 72.0% 76,989 71.7% 79,655 71.7% 0 $50,000 - $74,999 4,168 11.0% 3,784 9.6% Data NoPopulationte: Income is expressed inHouseholds current dollars. Families Owner HHs Median HH Income $75,000 - $99,999 1,913 5.0% 2,207 5.6% Source: $U.1S.00 Ce,0n0s0u s- Bu$1re4a9u,,9 C99ensus 2010 Summary File 1. Esri forecasts for 2016 and 2021. 1,888 5.0% 2,215 5.6% Population$15 by0,0 0Age0 - $199,999 673 1.8% 867 2.2% February 13, 2017 $200,000+ 672 1.8% 833 2.1% 20 ©182016 Esri Page 1 of 6 Median Household Income $26,673 $27,234 16 Average Household Income $42,513 $45,794 14

t Per Capita Income $15,818 $16,983 n

e 12 Census 2010 2016 2021 c r 10 e Population by Age Number Percent Number Percent Number Percent P 8 0 - 4 7,771 7.5% 7,743 7.2% 8,253 7.4% 6 5 - 9 6,420 6.2% 6,729 6.3% 6,915 6.2% 2016 4 10 - 14 6,325 6.1% 6,082 5.7% 6,158 5.5% 2021 2 15 - 19 7,755 7.5% 6,926 6.5% 6,302 5.7% 0 20 - 24 10,921 10.5% 10,789 10.1% 9,787 8.8% 0-425 - 34 5-9 10-14 15-19 20-24 25-34 21,35-44459 45-5420.7% 55-64 65-7422,73075-84 21.2%85+ 23,983 21.6% 35 - 44 15,304 14.7% 15,880 14.8% 17,012 15.3% 2016 Household45 - 54 Income 11,4052016 Population11.0% by Race11,615 10.8% 12,062 10.9% 21 55 - 64 7,64640 7.4% 8,604 8.0% 9,282 8.4% 65 - 74 4,625 4.5% 5,669 5.3% 6,407 5.8% <$15K $15K - $24K 35 75 - 84 27.6% 2,966 2.9% 3,188 3.0% 3,468 3.1% 19.3% 85+ 1,26030 1.2% 1,363 1.3% 1,444 1.3% Census 2010 2016 2021 25

Race and Ethnicity Numbert Percent Number Percent Number Percent n

White Alone 33,314e 32.1% 33,872 31.6% 35,132 31.6% $200K+ c 20 Black Alone 1.8% 5,011r 4.8% 4,855 4.5% 4,728 4.3% e P American Indian Alone $150K - $199K 1,72515 1.7% 1,718 1.6% 1,723 1.6% 1.8% $25K - $34KAsian Alone 16,367 15.8% 17,896 16.7% 19,337 17.4% 14.2% $100K - $149K Pacific Islander Alone 5.0% 17510 0.2% 189 0.2% 196 0.2% Some Other Race Alone $75K - $99K 41,796 40.2% 43,107 40.2% 44,121 39.7% 5.0% 5 Two or More Races 5,469 5.3% 5,681 5.3% 5,835 5.3% $35K - $49K $50K - $74K 14.4% 11.0% 0 Hispanic Origin (Any Race) 74,734 White72.0%Black Am. Ind.76,989Asian 71.7%Pacific Other 79,65Two+ 5 71.7%

Data Note: Income is expressed in current dollars. 2016 Percent Hispanic Origin: 71.7% Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

February 13, 2017

Sourc©e:2 U.01S.6 CeEsnrsius Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Page 1 of 6

February 13, 2017

1600 Wilshire Blvd, Los Angeles, CA 90017 Prepared by Esri 1600 Wilshire Blvd, Los Angeles, California, 90017 Latitude: 34.05539 Ring: 3 mile radius Longitude: -118.27026

Summary Census 2010 2016 2021 Population 547,728 572,256 595,059 Households 192,509 201,797 210,394 Families 105,291 109,164 113,217 Average Household Size 2.68 2.68 2.68 Owner Occupied Housing Units 23,361 22,947 23,689 Renter Occupied Housing Units 169,148 178,850 186,704 Median Age 32.7 33.5 34.4 Trends: 2016 - 2021 Annual Rate Area State National Population 0.78% 0.87% 0.84% Households 0.84% 0.79% 0.79% Families 0.73% 0.79% 0.72% Owner HHs 0.64% 0.69% 0.73% Median Household Income 0.16% 2.73% 1.89% 2016 2021 Households by Income Number Percent Number Percent <$15,000 50,890 25.2% 55,922 26.6% $15,000 - $24,999 32,449 16.1% 31,883 15.2% $25,000 - $34,999 26,787 13.3% 25,741 12.2% $35,000 - $49,999 28,459 14.1% 28,384 13.5% $50,000 - $74,999 26,127 12.9% 23,407 11.1% $75,000 - $99,999 14,534 7.2% 17,204 8.2% $100,000 - $149,999 12,859 6.4% 15,984 7.6% $150,000 - $199,999 4,914 2.4% 6,201 2.9% $200,000+ 4,779 2.4% 5,668 2.7%

Median Household Income $30,860 $31,103 Average Household Income $49,066 $52,788 DEMOGRAPHICSPer Capita Income Demographic and Income Profile$18,449 $19,769 Census 2010 2016 2021 1600 Wilshire Blvd, Los Angeles, CA 90017 Prepared by Esri Population by Age Number Percent Number Percent Number Percent 1600 Wilshire Blvd, Los Angeles, California, 90017 Latitude: 34.05539 0 - 4 33,910 6.2% 34,139 6.0% 36,129 6.1% 3 MILE RADIUS Ring: 3 mile radius Longitude: -118.27026 5 - 9 29,762 5.4% 31,060 5.4% 30,974 5.2% 10 - 14 30,332 5.5% 29,820 5.2% 29,667 5.0% Summary Census 2010 2016 2021 15 - 19 39,931 7.3% 38,143 6.7% 35,153 5.9% Population 547,728 572,256 595,059 20 - 24 56,511 10.3% 58,170 10.2% 55,393 9.3% Households 192,509 201,797 210,394 25 - 34 Demographic and10 6,Inc685ome 19.5%Profile 110,623 19.3% 116,723 19.6% Families 105,291 109,164 113,217 35 - 44 85,126 15.5% 86,733 15.2% 91,421 15.4% Average Household S1ize600 Wilshire Blvd, Los Angeles, CA 90017 2.68 2.68 Prepared by Esri 2.68 45 - 54 68,861 12.6% 71,473 12.5% 72,844 12.2% Owner Occupied Housi16n0g 0Un Wilshireits Blvd, Los Angeles, California, 9023,361017 22,947 Latitude: 34.05539 23,689 55 - 64 47,906 8.7% 54,571 9.5% 59,539 10.0% Renter Occupied HousRinging: U 3n itsmile radius 169,148 178,850Longitude: -118.27026 186,704 65 - 74 26,346 4.8% 33,195 5.8% 39,479 6.6% Median Age 32.7 33.5 34.4 75 - 84 15,852 2.9% 17,129 3.0% 19,975 3.4% TrendsT 2016-2021rends: 2016 - 2021 Annual Rate Area State National 85+ 6,507 1.2% 7,202 1.3% 7,761 1.3% Population 0.78% 0.87% 0.84% 2.5 Census 2010 2016 2021 )

t Households 0.84% 0.79% 0.79%

n Race and Ethnicity Number Percent Number Percent Number Percent

e Families 0.73% 0.79% 0.72% c White Alone 187,015 34.1% 190,823 33.3% 197,229 33.1% r 2

e Owner HHs 0.64% 0.69% 0.73%

p Black Alone 41,876 7.6% 41,567 7.3% 40,941 6.9% Median Household Income 0.16% 2.73% 1.89% n

i American Indian Alone 5,679 1.0% 5,709 1.0% 5,769 1.0%

( 1.5

2016 2021

e Asian Alone 121,425 22.2% 132,206 23.1% 141,972 23.9% t Households by Income Number Percent Number Percent a Pacific Islander Alone 618 0.1% 663 0.1% 680 0.1% R 1 <$15,000 50,890 25.2% 55,922 26.6% l Some Other Race Alone 166,086 30.3% 174,460 30.5% 180,479 30.3% a $15,000 - $24,999 32,449 16.1% 31,883 15.2% u Two or More Races 25,029 4.6% 26,828 4.7% Area27,989 4.7% n 0.5 $25,000 - $34,999 26,787 13.3% State25,741 12.2% A n $35,000 - $49,999 28,459 14.1% USA28,384 13.5% Hispanic Origin (Any Race) 315,434 57.6% 331,086 57.9% 346,753 58.3% 0 $50,000 - $74,999 26,127 12.9% 23,407 11.1% Data NoPopulationte: Income is expressed inHouseholds current dollars. Families Owner HHs Median HH Income $75,000 - $99,999 14,534 7.2% 17,204 8.2% Source: $U.1S.00 Ce,0n0s0u s- Bu$1re4a9u,,9 C99ensus 2010 Summary File 1. Esri forecasts for 2016 and 2021. 12,859 6.4% 15,984 7.6% Population$15 by0,0 0Age0 - $199,999 4,914 2.4% 6,201 2.9% February 13, 2017 $200,000+ 4,779 2.4% 5,668 2.7% 18 ©2016 Esri Page 3 of 6 16 Median Household Income $30,860 $31,103 14 Average Household Income $49,066 $52,788

t 12 Per Capita Income $18,449 $19,769 n

e Census 2010 2016 2021

c 10 r

e Population by Age Number Percent Number Percent Number Percent

P 8 0 - 4 33,910 6.2% 34,139 6.0% 36,129 6.1% 6 5 - 9 29,762 5.4% 31,060 5.4% 30,974 5.2% 2016 4 10 - 14 30,332 5.5% 29,820 5.2% 29,667 5.0% 2021 2 15 - 19 39,931 7.3% 38,143 6.7% 35,153 5.9% 0 20 - 24 56,511 10.3% 58,170 10.2% 55,393 9.3% 0-425 - 34 5-9 10-14 15-19 20-24 25-34106,35-44685 45-5419.5% 55-64 65-74110,62375-84 19.3%85+ 116,723 19.6% 35 - 44 85,126 15.5% 86,733 15.2% 91,421 15.4% 2016 Household45 - 54 Income 68,8612016 Population12.6% by Race71,473 12.5% 72,844 12.2% 22 55 - 64 47,906 8.7% 54,571 9.5% 59,539 10.0% $15K65 - - 7$24K4 26,34630 4.8% 33,195 5.8% 39,479 6.6% 16.1% 75 - 84 <$15K 15,852 2.9% 17,129 3.0% 19,975 3.4% 25.2% 85+ 6,50725 1.2% 7,202 1.3% 7,761 1.3% Census 2010 2016 2021

$25K - $34KRace and Ethnicity Numbert 20 Percent Number Percent Number Percent 13.3% n

White Alone 187,015e 34.1% 190,823 33.3% 197,229 33.1% c Black Alone $200K+ 41,876r 7.6% 41,567 7.3% 40,941 6.9% e 15 American Indian Alone 2.4% 5,679P 1.0% 5,709 1.0% 5,769 1.0% $150K - $199K Asian Alone 2.4% 121,42510 22.2% 132,206 23.1% 141,972 23.9% Pacific Islander Alone $100K - $149K 618 0.1% 663 0.1% 680 0.1% 6.4% $35K -S $49Kome Other Race Alone 166,086 30.3% 174,460 30.5% 180,479 30.3% $75K - $99K 5 14.1% Two or More Races 7.2% 25,029 4.6% 26,828 4.7% 27,989 4.7% $50K - $74K 0 Hispanic Origin (Any 12.9%Race) 315,434 White57.6%Black Am. 331Ind.,086Asian 57.9%Pacific Other 346,753Two+ 58.3%

Data Note: Income is expressed in current dollars. 2016 Percent Hispanic Origin: 57.9% Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

February 13, 2017

1600 Wilshire Blvd, Los Angeles, CA 90017 Prepared by Esri 1600 Wilshire Blvd, Los Angeles, California, 90017 Latitude: 34.05539 Ring: 5 mile radius Longitude: -118.27026

Summary Census 2010 2016 2021 Population 1,207,467 1,255,440 1,301,708 Households 407,686 422,703 438,041 Families 238,758 246,462 254,823 Average Household Size 2.86 2.87 2.87 Owner Occupied Housing Units 84,085 82,152 84,208 Renter Occupied Housing Units 323,601 340,551 353,833 Median Age 32.6 33.3 34.4 Trends: 2016 - 2021 Annual Rate Area State National Population 0.73% 0.87% 0.84% Households 0.72% 0.79% 0.79% Families 0.67% 0.79% 0.72% Owner HHs 0.50% 0.69% 0.73% Median Household Income 0.32% 2.73% 1.89% 2016 2021 Households by Income Number Percent Number Percent <$15,000 93,243 22.1% 101,685 23.2% $15,000 - $24,999 62,904 14.9% 62,086 14.2% $25,000 - $34,999 53,632 12.7% 51,036 11.7% $35,000 - $49,999 58,163 13.8% 54,701 12.5% $50,000 - $74,999 60,298 14.3% 56,433 12.9% $75,000 - $99,999 34,416 8.1% 39,668 9.1% $100,000 - $149,999 33,673 8.0% 40,750 9.3% $150,000 - $199,999 12,472 3.0% 15,594 3.6% $200,000+ 13,900 3.3% 16,087 3.7%

Median Household Income $35,291 $35,856 Average Household Income $56,173 $60,590 DEMOGRAPHICSPer Capita Income Demographic and Income Profile$19,732 $21,178 Census 2010 2016 2021 1600 Wilshire Blvd, Los Angeles, CA 90017 Prepared by Esri Population by Age Number Percent Number Percent Number Percent 1600 Wilshire Blvd, Los Angeles, California, 90017 Latitude: 34.05539 0 - 4 81,999 6.8% 82,615 6.6% 86,122 6.6% 5 MILE RADIUS Ring: 5 mile radius Longitude: -118.27026 5 - 9 73,985 6.1% 76,646 6.1% 74,969 5.8% 10 - 14 75,694 6.3% 74,677 5.9% 74,298 5.7% Summary Census 2010 2016 2021 15 - 19 90,574 7.5% 85,311 6.8% 78,793 6.1% Population 1,207,467 1,255,440 1,301,708 20 - 24 110,190 9.1% 114,802 9.1% 106,770 8.2% Households 407,686 422,703 438,041 25 - 34 Demographic and22 1,Inc758ome 18.4%Profile 231,556 18.4% 244,906 18.8% Families 238,758 246,462 254,823 35 - 44 185,654 15.4% 186,332 14.8% 196,934 15.1% Average Household S1ize600 Wilshire Blvd, Los Angeles, CA 90017 2.86 2.87 Prepared by Esri 2.87 45 - 54 151,489 12.5% 155,108 12.4% 158,367 12.2% Owner Occupied Housi16n0g 0Un Wilshireits Blvd, Los Angeles, California, 9084,085017 82,152 Latitude: 34.05539 84,208 55 - 64 106,770 8.8% 121,464 9.7% 131,743 10.1% Renter Occupied HousRinging: U 5n itsmile radius 323,601 340,551Longitude: -118.27026 353,833 65 - 74 58,734 4.9% 73,433 5.8% 88,041 6.8% Median Age 32.6 33.3 34.4 75 - 84 35,508 2.9% 37,207 3.0% 43,382 3.3% TrendsT 2016-2021rends: 2016 - 2021 Annual Rate Area State National 85+ 15,111 1.3% 16,290 1.3% 17,386 1.3% Population 0.73% 0.87% 0.84% 2.5 Census 2010 2016 2021 )

t Households 0.72% 0.79% 0.79%

n Race and Ethnicity Number Percent Number Percent Number Percent

e Families 0.67% 0.79% 0.72% c White Alone 463,956 38.4% 473,182 37.7% 489,284 37.6% r 2

e Owner HHs 0.50% 0.69% 0.73%

p Black Alone 128,146 10.6% 126,205 10.1% 124,329 9.6% Median Household Income 0.32% 2.73% 1.89% n

i American Indian Alone 11,680 1.0% 11,741 0.9% 11,866 0.9%

( 1.5

2016 2021

e Asian Alone 173,250 14.3% 189,148 15.1% 203,871 15.7% t Households by Income Number Percent Number Percent a Pacific Islander Alone 1,161 0.1% 1,233 0.1% 1,262 0.1% R 1 <$15,000 93,243 22.1% 101,685 23.2% l Some Other Race Alone 375,600 31.1% 396,240 31.6% 410,730 31.6% a $15,000 - $24,999 62,904 14.9% 62,086 14.2% u Two or More Races 53,674 4.4% 57,692 4.6% Area60,366 4.6% n 0.5 $25,000 - $34,999 53,632 12.7% State51,036 11.7% A n $35,000 - $49,999 58,163 13.8% USA54,701 12.5% Hispanic Origin (Any Race) 724,203 60.0% 762,558 60.7% 800,047 61.5% 0 $50,000 - $74,999 60,298 14.3% 56,433 12.9% Data NoPopulationte: Income is expressed inHouseholds current dollars. Families Owner HHs Median HH Income $75,000 - $99,999 34,416 8.1% 39,668 9.1% Source: $U.1S.00 Ce,0n0s0u s- Bu$1re4a9u,,9 C99ensus 2010 Summary File 1. Esri forecasts for 2016 and 2021. 33,673 8.0% 40,750 9.3% Population$15 by0,0 0Age0 - $199,999 12,472 3.0% 15,594 3.6% February 13, 2017 18 $200,000+ 13,900 3.3% 16,087 3.7%

©162016 Esri Page 5 of 6 Median Household Income $35,291 $35,856 14 Average Household Income $56,173 $60,590 12 t Per Capita Income $19,732 $21,178 n

e 10 Census 2010 2016 2021 c r

e 8 Population by Age Number Percent Number Percent Number Percent P 0 - 4 81,999 6.8% 82,615 6.6% 86,122 6.6% 6 5 - 9 73,985 6.1% 76,646 6.1% 74,969 5.8% 2016 4 10 - 14 75,694 6.3% 74,677 5.9% 74,298 5.7% 2021 2 15 - 19 90,574 7.5% 85,311 6.8% 78,793 6.1% 20 - 24 110,190 9.1% 114,802 9.1% 106,770 8.2% 0-425 - 34 5-9 10-14 15-19 20-24 25-34221,35-44758 45-5418.4% 55-64 65-74231,55675-84 18.4%85+ 244,906 18.8% 35 - 44 185,654 15.4% 186,332 14.8% 196,934 15.1% 2016 Household45 - 54 Income 151,4892016 Population12.5% by Race155,108 12.4% 158,367 12.2% 23 55 - 64 106,770 8.8% 121,464 9.7% 131,743 10.1% $15K - $24K 35 65 - 714.9%4 58,734 4.9% 73,433 5.8% 88,041 6.8% 75 - 84 35,508 2.9% 37,207 3.0% 43,382 3.3% <$15K 30 85+ 22.1% 15,111 1.3% 16,290 1.3% 17,386 1.3% $25K - $34K Census 2010 2016 2021 12.7% 25

Race and Ethnicity Numbert Percent Number Percent Number Percent n

White Alone 463,956e 20 38.4% 473,182 37.7% 489,284 37.6% c Black Alone 128,146r 10.6% 126,205 10.1% 124,329 9.6% $200K+ e P American Indian Alone 3.3% 11,68015 1.0% 11,741 0.9% 11,866 0.9% Asian Alone $150K - $199K 173,250 14.3% 189,148 15.1% 203,871 15.7% $35K - $49K 3.0% 10 13.8% Pacific Islander Alone 1,161 0.1% 1,233 0.1% 1,262 0.1% Some Other Race Alone $100K - $149K 375,600 31.1% 396,240 31.6% 410,730 31.6% 8.0% 5 Two or More Races 53,674 4.4% 57,692 4.6% 60,366 4.6% $75K - $99K $50K - $74K 8.1% 14.3% 0 Hispanic Origin (Any Race) 724,203 White60.0%Black Am. 762Ind.,558Asian 60.7%Pacific Other 800,047Two+ 61.5%

Data Note: Income is expressed in current dollars. 2016 Percent Hispanic Origin: 60.7% Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

February 13, 2017

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