FOR SALE PACIFIC OCEAN SANTA MONICA WESTWOOD OAKHURST & 3RD UCLA BEVERLY HILLS & LOS ANGELES, CA CENTURY CITY

BEVERLY WILSHIRE HOTEL BEVERLY HILLS BEVERLY HILLS GOLDEN TRIANGLE SANTA MONICA BLVD.

WILSHIRE BLVD. FUTURE WILSHIRE/RODEO

S. DOHENY DR. N. OAKHURST DR. VICEROY L’ERMITAGE HOTEL

SUBJECT SITE

W. 3RD ST.

BURTON WAY FOUR SEASONS HOTEL LOS ANGELES AT BEVERLY HILLS FOUR SEASONS PRIVATE RESIDENCES LOS ANGELES CONCEPTUAL RENDERING

+0.26 Acre Tier 1 TOC Development Opportunity www.Oakhurst3rd.com Potential For Up to ±35 Residential Units Excellent Infill Location PACIFIC DESIGN HOLLYWOOD CENTER

WEST HOLLYWOOD SANTA MONICA BLVD. CEDARS-SINAI MELROSE AVE. MEDICAL CENTER

THE IVY DAN TANA’S CATCH LA N. ROBERTSON BLVD.

GRACIAS MADRE

BEVERLY BLVD. BRISTOL FARMS RALPHS BEVERLY GROVE S. DOHENY DR.

FOUR SEASONS PRIVATE RESIDENCES N. OAKHURST DR. LOS ANGELES

FOUR SEASONS HOTEL SUBJECT SITE LOS ANGELES AT BEVERLY HILLS

BEVERLY HILLS

W. 3RD ST. BURTON WAY

© 2021 CBRE, Inc. All rights reserved. DOWNTOWN BEVERLY CENTER LOS ANGELES MIRACLE MILE BEVERLY CONNECTION LA BREA TAR PITS AND MUSEUM CEDARS-SINAI LOS ANGELES COUNTY MUSEUM OF ART MEDICAL THE GROVE ACADEMY MUSEUM OF MOTION PICTURES CENTER THE ORIGINAL FARMERS MARKET N. ROBERTSON BLVD. A.O.C.

BEVERLY GROVE FOUR SEASONS HOTEL LOS ANGELES AT FOUR SEASONS BEVERLY HILLS PRIVATE RESIDENCES LOS ANGELES

BURTON WAY SUBJECT SITE

S. DOHENY DR. W. 3RD ST.

N. OAKHURST DR. CONCEPTUAL RENDERING SUBJECT SITE

PACIFIC OCEAN

328 N. Oakhurst Drive, Beverly Hills, CA 5 9116 W. 3rd Street, Los Angeles, CA

Table of Contents

I. Executive II. Property III. IV. Area Summary Overview Comparables Overview Page 8 Page 11 Page 15 Page 20

West Hollywood

Beverly Hills

SUBJECT SITE

The Grove

LAURIE LUSTIG-BOWER KAMRAN PAYDAR Executive Vice President First Vice President +1 310 550 2556 +1 310 550 2529 www.Oakhurst3rd.com [email protected] [email protected] Lic. 00979360 Lic. 01242590

© 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

Layout ID:L04 MapId:8063271 WESTWOOD CENTURY CITY UCLA SANTA MONICA SANTA MONICA BLVD. BEVERLY HILLS GOLDEN TRIANGLE

BEVERLY HILLS CITY HALL

VICEROY L’ERMITAGE HOTEL

BEVERLY HILLS BURTON WAY

N. OAKHURST DR.

W. 3RD ST.

SUBJECT SITE S. DOHENY DR.

OAKHURST & 3RD Executive Summary THE OPPORTUNITY

CBRE, Inc. is pleased to present a rare opportunity to purchase a ±0.26 Acre Tier 1 Transit Oriented Community (TOC) development site to build up to ±35 residential units at the intersection of Oakhurst Drive and West 3rd Street on a corner lot that straddles Beverly Hills and Los Angeles, California. SUBJECT SITE 328 N. Oakhurst Drive and 9116 W. 3rd Street is situated one block west of Doheny Drive and one block north of Burton Way. This ±11,276 square foot corner lot abuts an alley, with ±8,160 square feet of the lot located in the City of Los Angeles and ±3,116 square feet of the lot located in the City of Beverly Hills.

The site is currently improved with a six-unit apartment building. Four of the units will be delivered vacant at the close of escrow.

Oakhurst & 3rd is in the heart of a vibrant urban submarket surrounded by employment centers, restaurants, retail, cultural and recreation venues. Beverly Hills is one of the most celebrated W. 3RD ST. and desired destinations in the world. A name long associated with N. OAKHURST DR. sophistication, glamour and elegance, it is a distinguished city offering the very best in hotels, shopping and dining. An address in Beverly Hills offers residents access to world-class services.

The site boasts great visibility and a “Very Walkable” location with With excellent proximity to the Beverly Hills Golden Triangle, a WalkScore of 88 out of 100. It is walking distance to key local the Beverly Grove neighborhood, West Hollywood, Wilshire employer, Cedars-Sinai Medical Center, a world class hospital with Corridor, as well as Cedars-Sinai Hospital, Oakhurst & 3rd is over 2,000 physicians and 10,000 employees. poised to become the next premier residential address. Nearby commercial and shopping districts include: Beverly Center Oakhurst & 3rd is offered on an UNPRICED basis.

West Third Street www.Oakhurst3rd.com Beverly Hills Golden Triangle The Grove and the Original Farmers Market

328 N. Oakhurst Drive, Beverly Hills, CA 9 9116 W. 3rd Street, Los Angeles, CA INVESTMENT HIGHLIGHTS

Strong Multifamily Demand Drivers

• 95% Submarket Historical Average Occupancy

“Very Walkable” WalkScore of 88 out of 100

Walk to: • Four Seasons Hotel Los Angeles at Beverly Hills • Cedars-Sinai Medical Center • Beverly Center and Beverly Connection • Boutique shops and restaurants along W. 3rd Street • Approximate 13 minute walk to the Golden Triangle of Beverly Hills • ±0.8 mile to the future Wilshire/Rodeo Purple Line Metro Station

Close Proximity to Employment, Commercial Districts, Entertainment and Shopping

Exceptional Demographics: • 2020 Median Housing Value of $1,606,571 (1 mile radius) • Projected 2025 average household income of $166,621 (1 mile radius) • 65.1% of adult population have a bachelor’s, graduate or professional degree (3 mile radius)

328 N. Oakhurst Drive, Beverly Hills, CA 10 9116 W. 3rd Street, Los Angeles, CA SUBJECT SITE

W. 3RD ST.

N. OAKHURST DR.

OAKHURST & 3RD Property Overview PROPERTY INFORMATION

Transit Oriented Address APN Site Area Zoning Community Height Restriction

9116 W. 3rd St. 4335-015-014 ±8,160 SF [Q] R4-1-O Tier 1 None Los Angeles, CA 90048

4 Stories with 328 N. Oakhurst Dr. R4 Multiple 4335-015-013 ±3,116 SF Maximum Height of Beverly Hills, CA 90210 Residential Zone 45 Feet

±11,276 SF Total Lot Size ±0.26 Acre ±149.98 SF along 3rd Street Frontage ± 73.54 SF along Oakhurst Drive

Entitled No

City Council District CD 5 – Councilmember Paul Koretz

328 N. Oakhurst Drive, Beverly Hills, CA 12 9116 W. 3rd Street, Los Angeles, CA Rent Roll Exported On: 04/14/2021 10:17 AM

Properties: 328 N Oakhurst Dr - 328 N Oakhurst Dr Beverly Hills, RENT ROLLUnits: Active As of May As2021 of: 04/14/2021 Include Non-Revenue Units: No Current Improvements: Six Apartment Units (Four Units to be delivered vacant.)

Unit Type Rent Deposit Move-in Notes 328 2+1 $3,009 $5,300 07/01/2015 9116 3+2 $2,600 05/15/2020 Delivered Vacant at COE 9118 3+2 Vacant 9120 2 + 2 Delivered Vacant at COE 9122 1+1 Vacant 9124 2 + 2 $2,572 $2,200 08/01/2013 Total $8,181 $7,500

Existing Building

328 N. Oakhurst Drive, Beverly Hills, CA 13 9116 W. 3rd Street, Los Angeles, CA CONCEPTUAL RENDERING

328 N. Oakhurst Drive, Beverly Hills, CA 14 9116 W. 3rd Street, Los Angeles, CA PACIFIC OCEAN SANTA MONICA WESTWOOD UCLA

CENTURY CITY

BEVERLY WILSHIRE HOTEL BEVERLY HILLS BEVERLY HILLS GOLDEN TRIANGLE SANTA MONICA BLVD.

WILSHIRE BLVD. WHOLE FOODS FUTURE WILSHIRE/RODEO BEVERLY HILLS CITY HALL

VICEROY L’ERMITAGE HOTEL

W. 3RD ST. SUBJECT SITE IL CIELO N. OAKHURST DR. BURTON WAY

FOUR SEASONS FOUR SEASONS HOTEL PRIVATE RESIDENCES S. DOHENY DR. LOS ANGELES LOS ANGELES AT BEVERLY HILLS

OAKHURST & 3RD Comparables MULTIFAMILY RENT SURVEY

Rent Comparables

Subject Site

1 8500 Burton Way

2 105 Doheny

2

1

Layout ID:L01 MapId:8069165 © 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

328 N. Oakhurst Drive, Beverly Hills, CA 16 9116 W. 3rd Street, Los Angeles, CA MULTIFAMILY RENT SURVEY

SELECT RENT COMPARABLES

1 COMPARABLE 1

8500 Burton Way Los Angeles, CA 90048 Year Built: 2012 Units: 87 1+1 PHOTO Occupancy: 83% 100% Phone: 310-274-9898 Owner: Caruso Affiliated Manager: Caruso Affiliated

Type Number of Units Effective Rent Unit Square Feet Rent per SF 1+1 1 Specific Unit $6,000 900 $6.67 1+1+Den 1 Specific Unit $7,450 1,200 $6.21

Amenities:

Floor-to-Ceiling Glass Washer/Dryer - In Unit Hardwood Flooring Vaulted Ceilings Private Balconies

Pictures:

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

328 N. Oakhurst Drive, Beverly Hills, CA 17 9116 W. 3rd Street, Los Angeles, CA MULTIFAMILY RENT SURVEY

SELECT RENT COMPARABLES

2 COMPARABLE 2 105 Doheny 105 S Doheny Dr Los Angeles, CA 90048 2+1.5 Year Built: 2020 25% Units: 35 PHOTO 1+1 Occupancy: 65% (Lease-Up) Phone: 657-223-3748 75% Owner: Rosenblatt Properties Manager: Rosenblatt Properties

Type Number of Units Effective Rent Unit Square Feet Rent per SF 1+1.5 2 $4,500 - $4,700 725 - 800 $6.21 - $5.88 1+1 Den 1 $5,600 1,000 $5.60 2+1.5 1 $6,300 - $6,500 1,250 $5.04 - $5.20

Amenities:

Stainless Steel Aplliances Premium Fixtures Vaulted Ceilings Hardwood Floors Fitness Center

Pictures:

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

328 N. Oakhurst Drive, Beverly Hills, CA 18 9116 W. 3rd Street, Los Angeles, CA LAND SALE COMPARABLES SELECT LAND SALES Criteria: Sites located within 1.5 miles from the Subject Property, up to 1 Acre, mixed-use or multifamily intended uses, sold for $735 PSF + fromCriter ia3/2019: Sites lo tocat e4/2021d within 1.5 miles from the Subject Property, up to 1 Acre, mixed-use or multifamily intended uses, sold for $735 PSF + from 3/2019 to 4/2021 Source:Source: C oCoStar,Star, sort esortedd by pric bye pe pricer squar eper foo tsquare foot

Address City Zip Price SF Price/SF Zoning Sale Date 9200 Wilshire Blvd Beverly Hills 90212-3329 $130,000,000 40,737 $3,191 C3, Beverly Hills 05/08/19 8844 Burton Way Beverly Hills 90211-1724 $27,400,000 26,779 $1,023 BHR4YY 06/21/19 8457 Blackburn Ave Los Angeles 90048-4190 $6,550,000 6,978 $939 R3 12/23/19 129 S Linden Dr Beverly Hills 90212-2208 $16,000,000 21,780 $735 R4P 10/28/19

You© 202 1areCBR Esolely, Inc. The responsibleinformation above forhas beenindependentlyobtained from sources verifying believed reliable. the Whileinfowermationdo not doubt in itsthisaccuracy, Memorandum.we have not verified ANYit and makeRELIANCEno guarantee, ONwarranty IT IS orSOLELYrepresentation AT aboutYOUit.R It OWN is your responsibility RISK. to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

SUBJECT SITE

328 N. Oakhurst Drive, Beverly Hills, CA 19 9116 W. 3rd Street, Los Angeles, CA OAKHURST & 3RD Area Overview LOCATION HIGHLIGHTS

BEVERLY HILLS

The subject property is located at the junction of the City of Los Angeles and Beverly Hills, one of the most celebrated, in-demand destinations in the world. A name long associated with sophistication, glamour and elegance, it is a distinguished city offering the very best in hotels, shopping, dining and service. Incorporated in 1914, Beverly Hills has since attracted waves of movie stars, entertainers and business executives who have sought to live and build their fortunes in this illustrious place of wealth and beauty. The city is a world class destination and attracts 6 million tourists a year from around the globe to shop, dine, and rub shoulders with Hollywood’s elite. Beverly Hills, West Hollywood, and adjacent Bel Air, Westwood and Century City encompass some of the most exclusive, private luxury residences in the world, with home prices among the highest in greater Southern California and the United States.

328 N. Oakhurst Drive, Beverly Hills, CA 21 9116 W. 3rd Street, Los Angeles, CA

BEVERLY HILLS GOLDEN TRIANGLE The Property is about less than a mile away from the “Golden Triangle” of Beverly Hills, California. Bordered by Santa Monica Boulevard to the north, Crescent Drive to the east, and Wilshire Boulevard to the south, the Golden Triangle is a world-renowned shopping destination – an international focal point of the exclusive boutique trade - and is considered to be one of the most RESTAURANTS - FINE DINING prestigious office locations in the world. CANON CLUB MADEO THE PALM BEVERLY HILLS , with its international prestige and CRUSTACEAN MARIPOSA THE POLO LOUNGE reputation, is a premier retail street within the CUT BY WOLFGANG PUCK MASTRO’S STEAKHOUSE URASAWA Golden Triangle. Rodeo Drive boasts a plethora DA PASQUALE MR. CHOW YAZAWA of recognized luxury brands and high fashion retailers including Chanel, Prada, Louis Vuitton, IL PASTAIO OCEAN PRIME Escada, Gucci, Valentino, Armani, Versace, Dior, JEAN GEORGE Cartier and Tiffany. The Rodeo Collection and Two Rodeo Drive are specialty retail centers LUXURY HOTELS situated in this exclusive retail district. MONTAGE BEVERLY HILLS THE PENINSULA HOTEL Known as Department Store Row, the stretch of BEVERLY WILSHIRE MOSAIC HOTEL BEVERLY HLLS Wilshire Boulevard within the Golden Triangle is anchored by the finest in luxury department FOUR SEASONS AT BEVERLY HILLS SIXTY BEVERLY HILLS HOTEL VICEROY L’ERMITAGE stores including Saks Fifth Avenue, Neiman LUXE RODEO DRIVE WALDORF ASTORIA Marcus, and Barneys New York.

The synergy of specialty stores and fine art galleries located along Wilshire Boulevard, Rodeo Drive and the adjacent streets - including Dayton Way and North Beverly Drive - create a world- class, pedestrian friendly, luxury shopping, dining and lifestyle district. BEVERLY GROVE

“Beverly Grove is an upscale neighborhood which borders the independent cities of West Hollywood and Beverly Hills. The neighborhood is best known for the popular West 3rd Street shopping district, as well as the landmark Beverly Center mall complex. Cedars-Sinai, one of the premier hospitals in Southern California, also calls Beverly Grove home.” – UrbanizeLA

WEST THIRD STREET

“With over one hundred destination shops, acclaimed restaurants, and independent specialty stores, West 3rd Street is the most walkable dining and shopping district in Los Angeles. Comprised of six connecting blocks between La Cienega and Fairfax, West 3rd Street is just moments from The Grove, the original Farmer’s Market, the Beverly Center, and The Los Angeles County Museum of Art (LACMA). With public valet service and street parking available every day, West 3rd Street is a prime mid-city resource for men, women, children and pets. Discover established and trendsetting clothing, accessories and optical boutiques, top beauty bars and fitness studios, chic home furnishing, premier art finds, local craft specialties, and the best bars, gourmet cafes, and hidden foodie finds.” - west3rdstreet.com WEST HOLLYWOOD

West Hollywood, referred to locally as WeHo, is a trendy area known for its high-energy nightlife. The fabled Sunset Strip features the Chateau Marmont, a swanky celebrity hideaway, plus comedy clubs and live music venues like the legendary Whiskey a Go Go. Santa Monica Boulevard, awash in rainbow flags, is home to a number of gay bars, dance clubs and shops. WeHo also offers some of the city’s most buzzworthy restaurants. West Hollywood is bordered on the north by the Hollywood Hills, on the east by Hollywood and to the west by Beverly Hills. West Hollywood is known for its extreme density and walkable street grid.

From SoHo House to Chateau Marmont, Sunset Boulevard offers plenty of ways to play, relax and blow off steam. People from around the world flock here to bask in the inimitable character of Hollywood. Known colloquially as WeHo, the city’s hub of entertainment, dining and nightlife is centered on Sunset and Santa Monica Boulevards, with its Avenues of art & design along Melrose, Beverly and La Cienega. West Hollywood is known for its high concentration of high profile retail and entertainment destinations, making it truly the place to see and be seen in Southern California. West Hollywood is famous for its population of both the radical and refined, making it the ideal location for both retail and multi- family housing.

MELROSE

Melrose Avenue is about a six-minute drive from the Property. It is one of LA’s premiere high street shopping districts. The street encompasses a mix of luxury brands such as Marc Jacobs and Theory to mass market stores like Urban Outfitters and Starbucks. Melrose is home to some of the trendiest restaurants and shops in Los Angeles. Melrose is an east-west street located about a mile from Hollywood Boulevard and less than one mile from the world famous The Grove Shopping Center and The Original Farmers Market. The two mile stretch of Melrose is that runs north of Beverly Boulevard and South of Santa Monica Boulevard. It is surrounded by some of the most affluent, high income residential neighborhoods in Los Angeles.

328 N. Oakhurst Drive, Beverly Hills, CA 25 9116 W. 3rd Street, Los Angeles, CA HOLLYWOOD

A larger-than-life symbol of the entertainment business, Hollywood beckons tourists with landmarks like TCL Chinese Theatre and star-studded Walk of Fame. Highlights include Paramount Pictures, historic music venues like the Hollywood Bowl, and Dolby Theatre, home of the Oscars. Scenesters can choose from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in nearby Thai Town.

• Nearby world-class entertainment venues include: The Hollywood Bowl, The Pantages Theater, the Hollywood Palladium, El Capitan Theater, the Fonda Theater, Chinese Theater, and Grauman’s, Egyptian Theater. • Close to an abundance of destination hotels, clubs and nightlife including: W Hotel, Loews Hollywood Hotel, The Hollywood Roosevelt, Good Times at Davey Wayne’s, AVALON Hollywood, Sound Nightclub and Lucky Strike Live. • Proximate to the 101 Freeway and linkage to the Greater Los Angeles freeway system. • Close to Los Angeles International Airport and Bob Hope Airport. • Nearby parks include Runyon Canyon Park, Las Palmas Playground, Yucca Park, Whitley Heights Historic District, De Longpre Park, Barnsdall Art Park and Griffith Park.

328 N. Oakhurst Drive, Beverly Hills, CA 26 9116 W. 3rd Street, Los Angeles, CA DEMOGRAPHIC HIGHLIGHTS

1 Mile

Household Income

2020 Estimate Average $146,429

2025 Estimate Average $166,621

Owner Occupied Housing Values

2020 Median Value $1,606,571

Housing Units (2014-2018)

Housing Units 18,530

Median Year Built 1964

3 Miles

Population

2020 Year Estimate 269,509

Five Year Projection (2025) 272,750

Education (2020 Population 25 and Over)

Bachelor`s Degree 38.5% Graduate or Professional Degree 26.6%

328 N. Oakhurst Drive, Beverly Hills, CA 27 9116 W. 3rd Street, Los Angeles, CA NEARBY EMPLOYMENT CENTERS CENTURY CITY / BEVERLY HILLS 4 minute drive Beverly Hills is one of the most celebrated and in-demand destinations in the world. With an economy near $20 billion annually, Beverly Hills ranks first among mid-to-large sized cities in the United States for retail sales per capita. Century City is considered by many as Los Angeles' premier central business district, given its central Westside location. It is home to a MAJOR AREA EMPLOYERS dense concentration of law firms, talent agencies, and wealth management WITHIN 3 MILES OF SUBJECT PROPERTY firms supporting the entertainment industry, alongside private equity and venture capital firms. Employer # Of Employees CULVER CITY 8 minute drive University of California, Culver City is currently one of the most talked about office areas in 27,489 Los Angeles Los Angeles. In the past few years, the area has experienced impressive tenant demand as well as outsized rent growth. This has spurred elevated construction levels and the pipeline is currently among the fullest of any Cedars-Sinai Medical Center 17,346 submarket in Los Angeles today. Culver City has won several of the mega lease deals announced in Los Angeles and has benefited from the content production arms race underway in the city among the media juggernauts. Twentieth Century Fox 6,000 Amazon, Apple, and HBO have all made sizable commitments to projects under construction. CBS Television City 3,075 HOLLYWOOD 10 minute drive Hollywood is currently going through a rebirth, with a remarkable amount Straight Lander 3,000 of office, residential, hotel, and retail development recently completed or underway. It has become a true live/work/play environment. Netflix, Fox Latin America Hollywood’s largest tenant, leases more than 1.5 million square feet 2,000 Channel Inc of space. Paramount, Viacom, Capitol Records, the Academy of Motion Picture Arts and Sciences, and Technicolor all have sizable presences Kaiser Permanente West as well. Hollywood has seen a significant amount of the metro’s office 4,937 Los Angeles construction in recent years, with over 1.6 million SF of new space delivered since 2015 and another 620,000 SF currently underway

R B Industries Inc 1,263 DOWNTOWN LOS ANGELES 14 minute drive Downtown Los Angeles has over 30.0 million square feet of office space Beverly Hills City Hall 1,100 and nearly 500,000 employees. Downtown has some of the largest employers in the region, including AEG, Aon Corporation, Ernst & Young, KPMG, Gensler, Wells Fargo Bank, Oaktree Capital Management and Aecom 1,001 Spotify. Recently, Warner Music Group relocated its headquarters to the Arts District in Downtown Los Angeles, where Virgin Hyperloop One also has a presence.

328 N. Oakhurst Drive, Beverly Hills, CA 28 9116 W. 3rd Street, Los Angeles, CA TRANSPORTATION LINKAGES

The Property is approximately less than a mile from the future Wilshire/Rodeo Metro Station which will be serviced by the Purple Line. Metro Rail is the rapid transit rail system consisting of six separate lines (the Blue, Red, Purple, Green, Gold and Expo Lines) which cumulatively serve 80 stations throughout Los Angeles County. The Purple Line currently terminates at Wilshire/Western Station in the heart of Koreatown. The currently under construction Purple Line Expansion will eventually extend to West Los Angeles, offering a dependable alternative for commuters traveling between Downtown Los Angeles, Beverly Hills, Century City and Westwood/UCLA. It is anticipated that the Westwood/VA Hospital Metro Station will be operational by 2027.

SUBJECT SITE

Wilshire/ Rodeo

328 N. Oakhurst Drive, Beverly Hills, CA 29 9116 W. 3rd Street, Los Angeles, CA AFFILIATED BUSINESS DISCLOSURE DISCLAIMER CBRE, Inc. operates within a global family of companies with many subsidiaries This Memorandum contains select information pertaining to the Property and and related entities (each an “Affiliate”) engaging in a broad range of commercial the Owner, and does not purport to be all-inclusive or contain all or part of the real estate businesses including, but not limited to, brokerage services, property information which prospective investors may require to evaluate a purchase of and facilities management, valuation, investment fund management and the Property. The information contained in this Memorandum has been obtained development. At times different Affiliates, including CBRE Global Investors, Inc. from sources believed to be reliable, but has not been verified for accuracy, or Trammell Crow Company, may have or represent clients who have competing completeness, or fitness for any particular purpose. All information is presented interests in the same transaction. For example, Affiliates or their clients may “as is” without representation or warranty of any kind. Such information includes have or express an interest in the property described in this Memorandum (the estimates based on forward-looking assumptions relating to the general “Property”), and may be the successful bidder for the Property. Your receipt of economy, market conditions, competition and other factors which are subject this Memorandum constitutes your acknowledgement of that possibility and to uncertainty and may not represent the current or future performance of the your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to Property. All references to acreages, square footages, and other measurements disclose to you such Affiliates’ interest or involvement in the sale or purchase are approximations. This Memorandum describes certain documents, including of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act leases and other materials, in summary form. These summaries may not be in the best interest of their respective client(s), at arms’ length, not in concert, complete nor accurate descriptions of the full agreements referenced. Additional or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will information and an opportunity to inspect the Property may be made available conduct their respective businesses in a manner consistent with the law and to qualified prospective purchasers. You are advised to independently verify all fiduciary duties owed to their respective client(s). the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully CONFIDENTIALITY AGREEMENT investigate the economics of this transaction and Property’s suitability for Your receipt of this Memorandum constitutes your acknowledgement that (i) your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS it is a confidential Memorandum solely for your limited use and benefit in SOLELY AT YOUR OWN RISK. determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will The Owner expressly reserves the right, at its sole discretion, to reject any or all not disclose it or its contents to any third party without the prior written expressions of interest or offers to purchase the Property, and/or to terminate authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) discussions at any time with or without notice to you. All offers, counteroffers, you will not use any part of this Memorandum in any manner detrimental to and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner the Owner or CBRE, Inc. shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

COPYRIGHT NOTICE © 2021 CBRE, Inc. All Rights Reserved.

328 N. Oakhurst Drive, Beverly Hills, CA 30 9116 W. 3rd Street, Los Angeles, CA FOR SALE PACIFIC OCEAN SANTA MONICA WESTWOOD OAKHURST & 3RD UCLA BEVERLY HILLS & LOS ANGELES, CA CENTURY CITY

BEVERLY WILSHIRE HOTEL BEVERLY HILLS BEVERLY HILLS GOLDEN TRIANGLE SANTA MONICA BLVD.

WILSHIRE BLVD. FUTURE WILSHIRE/RODEO BEVERLY HILLS CITY HALL

S. DOHENY DR. N. OAKHURST DR. BURTON WAY VICEROY L’ERMITAGE HOTEL

SUBJECT SITE

LAURIE LUSTIG-BOWER Executive Vice President W. 3RD ST. +1 310 550 2556 [email protected] Lic. 00979360 FOUR SEASONS HOTEL KAMRAN PAYDAR LOS ANGELES AT First Vice President BEVERLY HILLS +1 310 550 2529 FOUR SEASONS [email protected] PRIVATE RESIDENCES Lic. 01242590 LOS ANGELES CONCEPTUAL RENDERING

+0.26 Acre Tier 1 TOC Development Opportunity www.Oakhurst3rd.com Potential For Up to ±35 Residential Units Excellent Infill Location