TUSCANY on TOPANGA 5353 Topanga Canyon Boulevard Woodland Hills, CA 91364

TUSCANY ON TOPANGA 5353 Topanga Canyon Boulevard Woodland Hills, CA 91364

Colliers International 16830 Ventura Boulevard | Suite J Encino, CA 91436 | United States OFFERING MEMORANDUM colliers.com/greaterlosangeles “Our mission is to provide our clients with proven, personalized service that not only achieves—but exceeds—their investment objectives. Through a spirit of honesty, integrity and ingenuity, our team of brokerage, research and marketing professionals, with expertise in the San Fernando Valley and Tri-Cities markets, aims to maximize returns while safeguarding the best interests of our clients.”

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REZA GHOBADI JOCELYN GARCIA JARED PAPAZIAN TONY SAMEYAH Senior Vice President Client Services Coordinator Associate Associate +1 818 325 4142 +1 818 325 4120 +1 818 325 4145 +1 818 325 4106 [email protected] [email protected] [email protected] [email protected] Lic. 01780045 Lic. 02033155 Lic. 02018676 Lic. 02015965 Table of Contents

Financial Analysis 4-7 Property Overview 8-15 Area Overview 16-19 4 Financial Analysis INVESTMENT SUMMARY

Price $4,150,000 Cap Rate 5.07% # Suites 14 Price/SF $376.01 *RSF 11,037 *Net RSF 9,557 *Lot Size 5,996 *Parking Lot 5,786 APN 2169-017-001 APN Parking Lot 2169-017-025 Zoning LAC2 Year Built 1963 *The square footage information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.

Financing Summary Loan Amount 60% $2,490,000 Down Payment 40% $1,660,000 Loan Type Fixed Interest Rate 4.70% Term 5 Years Monthly Payment $12,914.08 Debt Coverage Ratio 1.36 VALUE CAP RATE PRICE/SF Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is $4,150,000 5.07% $376.01 required to conduct their own due diligence and verification.

Unit SF Current Current Date of Next Security Original Lease/Renewal Lease Utilities $ Annual Rent Unit # Tenants Gross Rent Rent Per SF Increase Deposit Lease Date Date Expiration Paid By Increases

100 & 105 Fitness 2,545 $7,450 $2.93 3/1/2020 7,450 4/1/2012 03/01/19 02/28/22 Tenant Resposibilty 5% increase per year

102 Hair Salon 1,000 $3,695 $3.70 3/1/2020 3,695 3/1/2019 03/01/19 02/28/22 Tenant Resposibilty 5% increase per year

103 Farmers Insurance 700 $1,995 $2.85 N/A N/A 7/1/2018 07/01/18 06/01/21 Full Service 5% increase per year

203 Financial Consultant 157 $395 $2.52 N/A 400 3/1/2002 N/A 01/01/19 Full Service N/A

204 Beauty Eyelash Extensions 335 $995 $2.97 1/1/2020 995 1/1/2019 01/01/19 01/01/20 $50 Reimbursment 5% increase per year

205 Car Leasing & Consulting 280 $650 $2.32 N/A 650 10/1/2018 10/01/18 09/30/19 Full Service N/A

206 Beauty 303 $1,195 $3.94 1/12/2019 1,195 12/1/2018 12/01/18 12/01/20 Full Service 5% increase per year

208 Acupucture 293 $787 $2.69 N/A N/A 7/1/1999 N/A N/A Full Service N/A

209 Social Coaching 465 $1,064 $2.29 6/30/2019 875 11/12/2012 07/01/18 06/30/19 Full Service 4% increase per year

220 Beauty 420 $1,250 $2.98 12/31/2019 1,250 4/1/2012 12/15/18 01/01/21 Full Service 5% increase per year

225 Chiropractic 624 $1,359 $2.18 N/A 1,118 4/1/2015 N/A 03/01/20 Full Service 5% increase per year

226 Park Place Payments LLC 918 $2,600 $2.83 6/10/2020 2,600.00 6/10/2019 N/A 06/10/21 Full Service 5% increase per year

300 Digital Marketing 1,517 $4,000 $2.64 N/A 3,600 5/1/2009 07/01/18 06/30/20 Tenant Responsibility 5% Increase per year

TOTAL 9,557 $27,435 $2.87 $23,828

6 INVESTMENT SUMMARY

Unit SF Current Current Date of Next Security Original Lease/Renewal Lease Utilities $ Annual Rent Annualized Income Unit # Tenants Gross Rent Rent Per SF Increase Deposit Lease Date Date Expiration Paid By Increases Actual % Actual Per SF 100 & 105 Fitness 2,545 $7,450 $2.93 3/1/2020 7,450 4/1/2012 03/01/19 02/28/22 Tenant Resposibilty 5% increase per year Gross Potential Rent $329,220 $29.83

Utility Reimbursment $600 $0.05 102 Hair Salon 1,000 $3,695 $3.70 3/1/2020 3,695 3/1/2019 03/01/19 02/28/22 Tenant Resposibilty 5% increase per year Gross Potential Income $329,820 $29.88 103 Farmers Insurance 700 $1,995 $2.85 N/A N/A 7/1/2018 07/01/18 06/01/21 Full Service 5% increase per year Less Economic Vacancy -5.00% -$16,461 ($1.49)

203 Financial Consultant 157 $395 $2.52 N/A 400 3/1/2002 N/A 01/01/19 Full Service N/A Effective Gross Income $313,359 $28.39 Less Expenses 32.90% $103,103 $9.34 204 Beauty Eyelash Extensions 335 $995 $2.97 1/1/2020 995 1/1/2019 01/01/19 01/01/20 $50 Reimbursment 5% increase per year Net Operating Income: $210,256 $19.05

205 Car Leasing & Consulting 280 $650 $2.32 N/A 650 10/1/2018 10/01/18 09/30/19 Full Service N/A

Annualized Expenses 206 Beauty 303 $1,195 $3.94 1/12/2019 1,195 12/1/2018 12/01/18 12/01/20 Full Service 5% increase per year Actual % Actual PSF Real Estate Taxes Real Estate Taxes 16.55% $51,875 208 Acupucture 293 $787 $2.69 N/A N/A 7/1/1999 N/A N/A Full Service N/A Insurance Insurance 1.29% $4,028

209 Social Coaching 465 $1,064 $2.29 6/30/2019 875 11/12/2012 07/01/18 06/30/19 Full Service 4% increase per year Gas Gas 0.18% $550 Electric & Water Electric & Water (DWP) 3.06% $9,600 (DWP) 220 Beauty 420 $1,250 $2.98 12/31/2019 1,250 4/1/2012 12/15/18 01/01/21 Full Service 5% increase per year Trash Trash 0.85% $2,676 Professional Man- Professional Management 4.00% $12,534 225 Chiropractic 624 $1,359 $2.18 N/A 1,118 4/1/2015 N/A 03/01/20 Full Service 5% increase per year agement Repairs & Mainte- Repairs & Maintenance 4.79% $15,000 226 Park Place Payments LLC 918 $2,600 $2.83 6/10/2020 2,600.00 6/10/2019 N/A 06/10/21 Full Service 5% increase per year nance Elevator Elevator 0.46% $1,440

300 Digital Marketing 1,517 $4,000 $2.64 N/A 3,600 5/1/2009 07/01/18 06/30/20 Tenant Responsibility 5% Increase per year Cleaninng Cleaninng 1.34% $4,200 Landscaping Landscaping 0.38% $1,200 TOTAL 9,557 $27,435 $2.87 $23,828 Total Expenses 32.90% $103,103 $9.34

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, Property Valuation 5353 Topanga Canyon Blvd. Woodland Hills, CA 7 warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2019. All rights reserved. | | Property Overview 8 Property Overview PROPERTY INFORMATION 5353 Topanga Canyon Blvd., Address Tuscany on Topanga is a well maintained 3-story office building Woodland Hills, CA 91364 that is located at 5353 Topanga Canyon Boulevard in the Woodland APN 2169-017-001 & 2169-017-025 Hills area of Los Angeles, CA. The structure was built in 1963 and Year Built 1963 includes a total of approximately 11,037 square feet office building. Number of Floors 3 Upgraded and renovated, 5353 Topanga Canyon Boulevard is Number of Buildings 1 suitable for modern businesses of all types. All of the structure’s *Building Area 11,037 SF common areas were improved in 2012, and all of the commercial units feature attractive contemporary. Efficiency was a major factor *Net RSF 9,557 SF in the design of the office spaces. There are both small and mid- *Lot Area 5,996 SF (0.14 ACRES) size units within 5353 Topanga Canyon Boulevard, with the largest *Parking Lot 5,786 SF units measuring over 1,700 square feet in size. Differing floor plans Zoning LAC2 give tenants a variety of elements. Roof Flat Parking 15 This property features a perfectly landscaped central courtyard and is surrounded by trees on the street-facing sides. Free parking is Elevators Yes available along the street and on the premises, for convenience. HVAC Central A/C Being set on the main street, 5353 Topanga Canyon Boulevard Water & Power LA DWP is set within walking distance of the area’s amenities. Sweeping Gas SoCal Gas Company archways surround much of the ground floor at 5353 Topanga Construction Type Masonry Canyon Boulevard. The building features extended roof lines over Foundation Concrete the first and third floors, both of which are clad in barrel tiles and Current Use Multi-Tenant Office Building feature exposed beams. Street Frontage Topanga Canyon Boulevard Tuscany on Topanga is strategically located just south of Ventura Cross Street Constanso Street Boulevard which is a main retail, office, and entertainment corridor Highway Access 101 Freeway

in San Fernando Valley. Furthermore, the property is mere minutes *The square footage information herein has been obtained from sources deemed away from the Warner Center a major retail, luxury residential reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. complexes, and entertainment center in San Fernando Valley.

• Excellent Woodland Hills/Warner Center Location • Hardwood floors • Balcony - Courtyard • Great Curb Appeal - Corner Lot • 15 Parking Spaces • Elevator • Central A/C & Heat • Easy to Manage • Good Visibility and Access • South of Ventura Boulevard • Mere Minutes Away from the 101 Freeway & Warner Center • 1-mile away from Warner Center Orange Line Station • Short Driving Distance to Westfield Topanga & The Village Shopping Centers • Option to Assume the Existing Loan in the Amount of Approximately $2,000,000 at 4.75 Fixed and Due on April 2023

11 12 13 14 15 TOPANGA CANYON BLVD

VENTURA FWY (US 101)

VENTURA BLVD

Area Overview 16 Area Overview

Amongst the hilly terrain of California, Woodland Hills is a wonderfully scenic and affluent city outside of Los Angeles. Just 26 miles to downtown, residents appreciate access to big city living, tourist attractions, and incredible shopping and dining options. The area isn’t far from popular museums like the Getty and the Hammer Museum, as well as the University of California’s Los Angeles campus.

Though a relatively quiet and family-friendly suburb, Woodland Hills is very populated with busy streets and friendly neighborhoods. Public, charter, and private schools reside in the area, as well as community colleges like Pierce College. With great places to hike, bike, and golf, Woodland Hills is an ideal destination for outdoor recreation and spectacular mountain views. Visit popular community spots like Warner Center Park, Westfield Promenade, or the AMC Theater.

Delicious restaurants, retail shopping, and family-friendly entertainment await you in this mountainous area, not to mention access to nearby sandy beaches in the beautiful city of Malibu. Upscale apartments, condos, and houses are available for rent in one of the most popular suburbs in Southern California!

HOUSEHOLD GROWTH POPULATION GROWTH within a 1 mile radius is expected within a 1 mile radius is expected to reach 3.80% by 2024 to reach 4.01% by 2024

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, Area Overview 5353 Topanga Canyon Blvd. Woodland Hills, CA 17 warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2019. All rights reserved. | | AREA DEMOGRAPHICS

Population 1 mile 3 miles 5 miles Income 1 miles 3 miles 5 miles Total Population 20,816 144,663 349,152 Average Household Income $120,995 $127,526 $115,378 Male 48.24% 49.39% 49.09%

Female 51.76% 50.61% 50.91% Median Household Income $86,559 $90,496 $80,403

Race & Ethnicity 1 mile 3 miles 5 miles Housing 1 mile 3 miles 5 miles White 68.25% 64.49% 60.41% Median Housing Value $699,158 $758,353 $691,336 Black 6.44% 4.65% 4.67% American Indian / Alaska Native 0.39% 0.46% 0.47% Median Year Structure Built 1961 1960 1959 Asian 13.55% 12.21% 12.71% Hawaiian / Pacific Islander 0.14% 0.11% 0.12% Owner Occupied 58.07% 57.90% 57.35% Other 5.35% 12.23% 15.95% Renter Occupied 41.93% 42.10% 42.65% Two or More Races 5.88% 5.85% 5.67%

Top Employers # of Employees AREA EMPLOYMENT 1 Mile 3 Miles 5 Miles Management 1,508 9,711 20,373 Woodland Hills is home to a variety of industries, Office/Administrative Support 1,500 8,861 21,505 including perhaps most notably Management businesses. Sales/Related 1,394 8,725 20,359 Business/Financial Operations 1,011 5,413 11,144 Health Net for example, employs approximately 9,300 Arts/Design/Entertainment/Sports/Media 848 4,111 7,924 people in the area. Other prominent employers in the area Computer/Mathematical 668 3,221 6,221 also include Farmers Insurance Group, Ledgent Finance Personal Care/Service 652 3,864 10,146 & Accounting, Green NRG Company, AIG Insurance, and Education/Training/Library 584 3,655 8,319 Bank of America.. Healthcare Practitioner/Technician 555 3,928 9,130 Food Preparation/Serving Related 299 3,516 9,630

18 Well situated in Woodland Hills, the property offers residents an array of transportation options including local metro rapid bus routes. In addition, the property sits mere minutes from the 101 Freeway and along Topanga Canyon Boulevard.

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, Area Overview 5353 Topanga Canyon Blvd. Woodland Hills, CA 19 warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2019. All rights reserved. | | Colliers International 16830 Ventura Boulevard | Suite J Encino, CA 91436 | United States colliers.com/greaterlosangeles

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved.