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6302 N BECK AVE & 11505 SYLVAN ST NORTH , CA OFFERING MEMORANDUM EXCLUSIVELY LISTED BY

DANIEL WITHERS Senior Vice President & Senior Director

DIRECT +1 (818) 923-6107 MOBILE +1 (310) 365-5054 [email protected] Lic No. 01325901 (CA)

| 2 TABLE OF CONTENTS

04

PROPERTY OVERVIEW

12

AREA OVERVIEW

28

FINANCIAL OVERVIEW

3 | PROPERTY OVERVIEW

| 4 THE OPPORTUNITY

Matthews Real Estate Investment Services™ is pleased to offer 6302 N Beck Avenue, an 11-unit multifamily building comprised of two and three-bedroom units, and 11505 Sylvan Street, three- bedroom single-family home in North Hollywood, CA.

Property is not subject to rent control. 6302 N BECK AVE & 11505 SYLVAN ST Built in 2020, the properties showcase contemporary finishes NORTH HOLLYWOOD, CA including vinyl plank flooring, stainless steel microwaves and stoves, and modern kitchens and bathrooms. The apartment units are individually metered for gas and electric and master-metered for water. The single-family home operates on electric only. 6302 N Beck offers secure gated parking with 24 stalls and the 11505 ADDRESS NUMBER OF UNITS Sylvan Street features a two-car garage. 6302 N Beck Ave & 11505 Sylvan St 12 North Hollywood, CA 91606 Located in the heart of North Hollywood, the property is just minutes away from the NOHO Arts District offering tenants access to contemporary theaters, art galleries, cafes, nightlife, art classes, PROPERTY BUILDING SF and shopping. The property’s proximity to the 170/Hollywood Non-Rent Control ± 15,311 SF Freeway provides easy access to surrounding neighborhoods in Los Angeles as well as the 101 & 134 Freeways. Public transportation options include the North Hollywood Metro Station – Red Line YEAR BUILT LOT SIZE which connects the property to the rest of the , 2020 ± 0.49 AC Hollywood, , and Union Station.

**11505 Sylvan St –Owner has taken steps with the City of Los Angeles to complete a lot split which would open up the door for Single Family Residence to be sold individually at a later date. In order to get lot split finalized requires paying Recreation and Park fees. Buyer to confirm with City Planner at (818) 374-5051.**

5 | 6302 N BECK AVE

11505 SYLVAN ST

| 6 7 | | 8 BURBANK

VICTORY/ TUJUNGA 164

11505 SYLVAN ST NORTH HOLLYWOOD, CA

6302 BECK AVE NORTH HOLLYWOOD, CA

9 | CALIFORNIACALIFORNIA

6302 BECK AVE NORTH HOLLYWOOD, CA

11505 SYLVAN ST | 10 NORTH HOLLYWOOD, CA NOHO ARTS DISTRICT

11505 SYLVAN ST NORTH HOLLYWOOD, CA

6302 BECK AVE NORTH HOLLYWOOD, CA

11 | AREA OVERVIEW

| 12 NORTH HOLLYWOOD,

North Hollywood is a neighborhood in the east San Fernando Valley region of the city business legends in their own right. Among those who make NoHo their home are: of Los Angeles. It is home to the NoHo Arts District and the Academy of Television Universal Studios Hollywood, Universal Studios & Music, The Walt Disney Company, Arts & Sciences, and it has seven public and eight private schools. Once a gritty Warner Brothers, DreamWorks SKG, NBC, Litton Industries, Boeing-Rocketdyne suburb, North Hollywood has transformed into the Valley’s go-to cultural hub over Propulsion, and Power, Countrywide Credit, Academy of Television Arts & Sciences, the last decade with an influx of dance studios, art galleries, and acting workshops— Nestle USA, Nickelodeon Animation Studios, CBS Studio Center, Pinkerton, and and still no shortage of strip malls. Wellpoint Health Networks. NoHo’s highly educated workforce, well-developed infrastructure, hospitable climate, business-friendly municipal governments, and For generations, the San Fernando Valley has been the home of legends. Bob Hope, strategic position along the have combined to facilitate the establishment Ron Howard, Gene Autry, Sally Field, Clark Gable, John Wayne, Tom Selleck, and of more than 50,000 small businesses. countless others have called the Valley, home. Today, corporate stars have become

DEMOGRAPHICS

POPULATION 1-MILE 3-MILE 5-MILE 2025 Projection 43,521 306,479 648,076 2020 Estimate 42,848 299,406 632,860 2010 Census 42,275 289,086 610,769 Growth: 2020 to 2025 1.57% 2.36% 2.40% Growth: 2010 to 2020 1.35% 3.57% 3.62%

HOUSEHOLDS 1-MILE 3-MILE 5-MILE 2025 Projection 14,201 113,681 238,003 2020 Estimate 13,937 110,666 232,055 2010 Census 13,642 105,979 223,368 Growth: 2020 to 2025 1.89% 2.72% 2.56% Growth: 2010 to 2020 2.16% 4.42% 3.89%

INCOME 1-MILE 3-MILE 5-MILE 2020 Avg. $68,885 $95,077 $102,935 Household Income

13 | NOHO ARTS DISTRICT

The NoHo Arts District is a community in North Hollywood, Los Angeles, California, that is home to contemporary theaters, art galleries, cafes, and shops. The community is generally bounded by Hatteras Street to the north, Cahuenga Blvd to the east, Tujunga Ave to the west, and Camarillo Street to the south. The area features more than twenty professional theaters, producing new work and classics, diverse art galleries, public art, and professional dance studios. The district also features the largest concentration of music recording venues west of the Mississippi. A Metro Rail station is located here, the of the Red Line, and serves as the terminus of the Metro Orange Line busway. Business and theater owners in the Universal City/North Hollywood Chamber of Commerce established a theater and arts district in 1992 with support from the Los Angeles Department of Cultural Affairs. They chose “NoHo”, a play off the well-known SoHo Arts District neighborhood of . Today, The NoHo Arts District, in conjunction with greater North Hollywood, is being transformed into a regional center, in large part as a result of the construction of Metro Stations for the Red Line and the Orange Line, two lines that have made the neighborhood into a regional hub for the San Fernando Valley. Medium- and high-density developments are being built around the Metro Station, making the Arts District a center of citywide development, with the intent of creating a walkable urban village. North Hollywood’s landscape (and the Art’s District as a result) has been transformed in recent years, with condominium towers (including a fifteen-story building on Lankershim Boulevard being built in the midst of older one-story bungalows and small apartment complexes.

NOHO GROWTH

The theater district includes two new large venues that expand upon existing theaters, the newly redesigned NoHo Arts Center (formerly the American Renegade Theatre) and the redesigned Historical El Portal. They add to the existing 31 theaters located in and around the NoHo Arts District. NoHo Commons, developed by J.H. Snyder Company, is located near the NoHo Arts District’s commercial core and subway station. The $100-million, 292-unit loft apartment project by Snyder was the first segment to be completed of NoHo Commons, part of a “transit village” taking form at the terminus of the Metro Red Line subway and the Orange Line busway. The NoHo Commons construction and development consisted of three phases, complete with the construction of a Laemmle Theatre. Phase III also consisted of the construction of an eight-story office on the corner of Lankershim and Weddington in 2009. The building’s primary tenant is currently the Art Institute of California-Hollywood. NoHo 14, a 180-unit, fourteen-story apartment building, was built in 2004 as one of the first large-scale developments in the neighborhood. Currently, the NoHo Arts District, in conjunction with the Community Redevelopment Agency-Los Angeles, is working on beautification efforts to make the area more appealing to businesses. The current focus is primarily on revamping storefronts on Lankershim Blvd and Magnolia Blvd with Burbank Blvd to follow. North Hollywood plans a mixed-use development at Lankershim and Chandler, surrounding the Metro Red and Orange line terminals. The projects would re-develop 15.6 acres with 1,720,000 square feet of commercial and residential space. The first would be a smaller development with 750 residential units, 40,500 square feet of retail space, and 200,000 square feet of offices. The second would include 1,500 units of housing, 150,000 square feet of retail, and 450,000 square feet of offices (and 5,400 parking spaces). | 14 NOHO WEST

A transformation is underway for this new mixed-use lifestyle center at the current Macy’s site on Laurel Canyon Boulevard at Oxnard Street in North Hollywood. The redevelopment will repurpose the existing Macy’s building to serve office and retail uses, and incorporate a walkable main street retail concept and amenity-rich residential apartments. The design for the site layout weaves the new development into the existing fabric of the neighborhood to include SALE FOUR BLOCKS OF SHOPS, RESTAURANTS AND OFFICES shopping, working and leisure that compliments the active and contemporary NOHO West community. NOHO West will offer expanded retail shopping opportunities around a large open-air plaza, an office building, new residences, and abundant public open spaces. The retail main street may include a mix of regional retailers, restaurants, and cafes, a specialty market and cinema. This anticipated mix of uses will create MIX OF LOCAL AND NATIONAL RETAILERS a unique opportunity to live, work and shop in a walkable, vibrant setting.

A STATE-OF-THE-ART, MULTI-SCREEN MOVIE THEATER WITH FULL-SERVICE DINING AND RESERVED SEATING

OFFICE SPACE OCCUPYING THE RENOVATED MACY’S BUILDING

NOHO WEST SITE PLAN AMENITY-RICH RESIDENTIAL APARTMENT UNITS The proposed site plan is organized around the new central plaza and retail- lined main street connecting Oxnard Street to Laurel Canyon Boulevard, parallel to the freeway. New office space in the renovated Macy’s building and the second story theatre over Building D front the plaza and activate the main street. New amenity-rich residential buildings provide a graceful transition to the surrounding residential neighborhood to the North and East. The edges of the OVER TWO ACRES OF OPEN SPACE project are designed to minimize the impact on the surrounding neighborhood with shorter 3-story building heights, traffic mitigation, and generous landscaped buffer areas. The proposed mix of uses provides existing and new residents of North Hollywood the opportunity to live, work, dine, shop, and play all within a vibrant walkable neighborhood setting. 15 | BOB HOPE ACADEMY OF TELEVISION ARTS & SCIENCES UNIVERSAL STUDIOS HOLLYWOOD

Hollywood Burbank Airport, legally Bob Hope Airport, The Academy of Television Arts & Sciences (ATAS), Universal Studios Hollywood is a film studio and is a public airport 3 miles northwest of downtown also colloquially known as the Television Academy, is theme park in the San Fernando Valley area of Los Burbank, in Los Angeles County, California. The airport a professional honorary organization dedicated to the Angeles County, California. About 70% of the studio serves Downtown Los Angeles and the northern advancement of the television industry in the United lies within the unincorporated county island known area, including Glendale, States. as Universal City while the rest lies within the city Pasadena, and the San Fernando Valley. It is closer to limits of Los Angeles, California. It is one of the oldest Griffith Park, Hollywood, and Downtown Los Angeles Syd Cassyd, the founder, considered television a and most famous Hollywood film studios still in use. than Los Angeles International Airport (LAX), and is the tool for education and envisioned an organization Its official marketing headline is “The Entertainment only airport in the area with a direct rail connection to that would put outside the “flash and glamor” of the Capital of LA”. It was initially created to offer tours of downtown Los Angeles. Non-stop flights mostly serve industry and become an outlet for “serious discussion” the real Universal Studios sets and is the first of many cities in the western United States, while JetBlue and awards the industries “finest achievements”. full-fledged Universal Studios Theme Parks located Airways has daily flights to New York City and Boston. In 2016, producer Hayma Washington was elected across the world. chairman and CEO of the Academy of Arts and Originally the entire airport was within the Burbank Sciences, becoming the first African-American to hold Outside the theme park, a new, all-digital facility near city limits, but the north end of 15/33 has the position. the Universal Pictures backlot was built in an effort to been extended into the city of Los Angeles. merge all of NBCUniversal’s West Coast operations In 2014, alongside its Hall of Fame induction ceremony into one area. As a result, the current home for KNBC, The airport is owned by the Burbank-Glendale- and announced plans to expand its headquarters, the KVEA and NBC News with Telemundo Los Angeles Pasadena Airport Authority and controlled by the organization announced that it had changed its public Bureaus with new digital facility is on the Universal governments of those cities. The Airport Authority brand to the Television Academy, with a new logo lot formerly occupied by Technicolor SA. Universal contracts with TBI Airport Management, Inc. to designed by Siegel + Gale. The new branding was City includes hotels Universal Hilton & Towers, the operate the airport, which has its own police and fire intended to downplay the organization’s antiquated Sheraton Universal Hotel, and Universal CityWalk, departments, the Burbank-Glendale-Pasadena Airport formal name in favor of a more straightforward which offers a collection of shops, restaurants, an Authority Police. Boarding uses portable boarding identity, and features a separating line (typically 18-screen Universal Cinema, and a seven-story IMAX steps or ramps rather than jet bridges. used to separate the organization’s wordmark from a theater. In 2017, the park hosted 9,056,000 guests, simplified image of the Emmy Award statuette) used to ranking it 15th in the world and 9th among North symbolize a screen, and also portrayed as a “portal”. American parks.

| 16 MAJOR STUDIOS

SUBJECT PROPERTY

17 | As home to the world’s major movie studios, the San Fernando Valley is where celebrities live, work, and play. It’s made up of gorgeous suburbs and mini-malls. Major network and movie studios call it home

SAN FERNANDO VALLEY

Southern California’s San Fernando Valley, encompassing the City of Burbank, City of Calabasas, City of Glendale, City of Los Angeles and City of San Fernando.

The San Fernando Valley is an urbanized valley in Los Angeles County, California in the Los Angeles metropolitan area, defined by the mountains of the Transverse Ranges circling it. Comprised of nearly 350 square miles of prime southland real estate, the San Fernando Valley is home to more than 1.8 million residents. About 80 percent of the San Fernando Valley is actually part of the City of Los Angeles, but the Valley also includes other independent cities which are attractive locations for business: Burbank, Calabasas, Glendale, Hidden Hills, and San Fernando.

In addition to the many popular studio tours, historical sites, theaters and museums, the San Fernando Valley offers an incredible array of fine dining, shopping, lodging and recreational opportunities, along with world-class attractions at each of the scenic entrances to our Valley, including the magnificent new , the Hollywood Bowl and the Los Angeles Zoo at the southern entrances; the site of the granddaddy of all college bowl games — the — at the east; the Ronald Reagan Presidential Library at the west; and the tallest, fastest roller coasters in the world at Six Flags Magic Mountain to the north.

MAJOR EMPLOYERS

| 18 ENTERTAINMENT TRANSPORTATION

PARAMOUNT PICTURES LOT HOLLYWOOD BURBANK AIRPORT San Fernando Valley boasts one of the nation’s largest Situated near local communities, business centers, the concentrations of entertainment activity, home to some of the entertainment industry, and recreational facilities, most well-known companies including The Walt Disney Company, Airport (VNY) and Hollywood Burbank Airport (BUR) serve as Warner Brothers Ent., Universal Studios, Paramount Pictures, CBS major economic engines for the San Fernando Valley. Based Studios, DreamWorks, Starz Media, ABC Inc., and Nickelodeon on the most recent data available, these two hubs combine to Animation. Combined, these companies alone employ over generate a $3.8 billion economic impact while supporting over 22,900 workers. Warner Brothers is headquartered at their 142- 22,000 jobs annually. BUR hosted approximately 5.2 million acre studio lot in Burbank, one of the most notable motion picture passengers in 2018, which equates to a 11% increase annually. and television production facilities in the world.

$120 BILLION ±837,000 $3.8 BILLION ±22,000 ECONOMIC IMPACT JOBS SUPPORTED ECONOMIC IMPACT JOBS SUPPORTED

ORANGE LINE EXTENSION

Construction is underway on a $393 million project that will significantly speed up service along the Orange Line bus route. Already among the most popular public transit lines in The Valley, services through the Orange Line are forecast to speed up by 20% with the construction of crossing gates at 35 intersections, helping buses avoid traffic along San Fernando Valley’s busy corridors. Additionally, a pair of aerial bridges will be built at Sepulveda and Van Nuys Boulevard, in addition to new stations above the streets. Construction on all phases of the project are forecast to be completed by 2025 in time for then 2028 Los Angeles Olympics. Decades after completion, Metro plans to convert this line into a light rail corridor that is expected to open by 2057.

19 | N

10

8 6 9 5 13 11 7

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1. UNIVERSAL STUDIOS HOLLYWOOD 1 2. HOLLYWOOD BOULEVARD 3. RODEO DRIVE 4. THE GETTY 5. HOLLYWOOD BURBANK AIRPORT 6. 2 ONE OF LOS ANGELES’ TRUE CULTURAL LANDMARKS AND ONE OF THE COUNTRY’S MOST RESPECTED AND 7. THE GREAT WALL OF LOS ANGELES LARGEST MONUMENTS TO INTER-RACIAL HARMONY 8. VALLEY RELICS MUSEUM 4 9. STARLIGHT BOWL 3 OFFERS A CHOICE OF MORE THAN 170 RETAIL SHOPS, 10. THE SORAYA RESTAURANTS, ENTERTAINMENT VENUES AND LIFESTYLE SERVICES 11. BURBANK TOWN CENTER MALL 12. VENTURA BOULEVARD 13. VILLAGE AT WESTFIELD TOPANGA

| 20 HOLLYWOOD BLVD

LA CULTURAL ICON, WITH MUSEUMS, LANDMARKS AND OTHER HOLLYWOOD ATTRACTIONS THAT CELEBRATE L.A.’S RICH FILM AND ENTERTAINMENT HERITAGE RODEO DRIVE

ONE OF THE MOST FAMOUS STREETS ON THE GLOBE WITH MORE THAN 100 WORLD-RENOWNED STORES

UNIVERSAL STUDIOS HOLLYWOOD

ONE OF THE OLDEST AND MOST FAMOUS HOLLYWOOD FILM STUDIOS “THE ENTERTAINMENT CAPITAL OF LA”

HOLLYWOOD BURBANK AIRPORT

FRIENDLIEST, MOST CONVENIENT AIRPORT FOR FLYING TO OR FROM LOS ANGELES, HOLLYWOOD, AND THE SAN FERNANDO VALLEY

VAN NUYS AIRPORT

RANKS AS ONE OF THE WORLD’S BUSIEST GENERAL AVIATION & AVGS OVER 230,000 THE GETTY CENTER TAKEOFFS AND LANDINGS ANNUALLY THE MAIN BRANCH OF THE WORLD-CLASS MUSEUM MAY LOOK LIKE AN ELEVATED MODERNIST CITY

VALLEY RELICS MUSEUM

BOASTS ITS VAST COLLECTION OF HISTORICAL ARTIFACTS PERTAINING TO THE SAN FERNANDO VALLEY AND SURROUNDING AREAS STARLIGHT BOWL

CONVENIENT LOCATION AND SEATS 3,000 IN CHAIRBACK SEATING AND 2,000 MORE ON THE LAWN FOR A TOTAL CAPACITY OF 5,000

GREAT WALL OF LOS ANGELES

ONE OF LOS ANGELES’ TRUE CULTURAL LANDMARKS AND ONE OF THE COUNTRY’S MOST RESPECTED AND LARGEST MONUMENTS TO INTER-RACIAL HARMONY

BURBANK TOWN CENTER OFFERS A CHOICE OF MORE THAN 170 RETAIL SHOPS, VENTURA BLVD RESTAURANTS, ENTERTAINMENT VENUES AND LIFESTYLE SERVICES RUNNING 18 MILES, VENTURA BLVD IS THE WORLD’S LONGEST AVENUE OF CONTIGUOUS BUSINESSES VILLAGE AT WESTFIELD 2.1 MILLION SF OF RETAIL GLORY & EVERYDAY STOP FOR WOODLAND HILLS LOCALS AND A DESTINATION POINT

THE SORAYA

PERFORMANCE PROGRAM OF ±50 MUSIC, DANCE, THEATER, AND INTERNATIONAL EVENTS 21 | SAN FERNANDO VALLEY DEVELOPMENTS

1 2 3 “24”: THE NEW BRATZ DOLLS HEADQUARTERS WESTFIELD’S MAKEOVER OF WARNER CENTER 21031 WARNER CENTER LANE This office campus will incorporate creative office, residential, and Developer Westfield is planning a major overhaul of the old A planned 24-acre complex in Warner Center could bring about retail space on a 24-property that was once home to a Los Angeles Promenade mall site that will bring 1,400 housing units and two 1,000 apartments and condos, a 24-story hotel, and a trio of 15-story Times printing plant. New structures holding 660 apartments and hotels (with a total of 572 rooms) to the 34-acre site. New streets office buildings to a site near De Soto and Burbank avenues. The ground-floor retail space will be built around the offices, which will and pathways will be built throughout the site, breaking up all of project would transform the Warner Center Corporate Park, which serve as the headquarters for MGA Entertainment. The campus the new buildings. It will also include a central 1-acre public square is now occupied by a collection of low-rise buildings. Developer will also feature considerable resident amenities, including two and parks and courtyards throughout. The developer’s planning Michael Adler of Adler Realty told the Daily News that he expected pools, community gardens, outdoor walking tracks, and an open- to erect the project in phases. The estimated price tag: $1.5 billion. to receive the city’s decision on the plans in roughly six months. air amphitheater.

4 5 6

IZEK SHOMOFF’S REDO OF PANORAMA TOWERS Downtown BURBANK TOWN CENTER THE ICON AT PANORAMA CITY developer Izek Shomof wants to repurpose a 13-story midcentury The Burbank Town Center’s Ikea has moved about 1 mile away, Beverly Hills-based Icon Company plans to tear down three office building designed by Welton Becket. His plan is to and developers Crown Realty and Development Inc. have big commercial buildings, including the shuttered Montgomery Ward, incorporate into housing and retail in the tower and to build an plans for the spot it left behind. They intend to raze the old Ikea at Roscoe Boulevard and Tobias Avenue, to make way for seven outdoor mall and parking structure to complement it. The high-rise and build 765 multi-family units; an additional 70 for-sale units new buildings measuring 584,000 square feet. That space would has been empty since the 1994 Northridge earthquake. Shomof would be built at 800 North San Fernando Boulevard. The rest of hold 423 units of multifamily housing plus 200,000 square feet bought it in 2015, paying $12.5 million. the mall would be thoroughly renovated, with the help of CAPREF of commercial floor area. At the center of all of that? A six-level Manager LLC, to include an open-air plaza and 40,000 square feet parking garage with spaces for 1,690 cars. of new retail space.

| 22 7 8 9 WEDDINGTON GOLF AND TENNIS MAKEOVER 6606 VARIEL AVE 8845 SEPULVEDA BLVD The Weddington family wants to give their golf course a facelift, Not far from the Orange Line’s Canoga Station, developers This North Hills project—with 364 apartments—will replace a and the latest version of the plan includes constructing 200 Evolution Strategic Partners have plans for a residential project former plant nursery with a complex of four buildings ranging in apartments in a 41-foot-tall structure on about a quarter of the site rising seven stories tall. Renderings on Urbanize LA show an height from 45 to 85 feet. Forty-four of the units will be earmarked along the way. E-shaped, 271-unit apartment building. The complex would have a for tenants with low incomes. The project also includes a parking pool and rooftop decks, plus two levels of parking. garage with 557 spots, plus a swimming pool and a dog run.

1 It’s time to stop thinking of the Valley 9 as a sleepy suburb. From Chatsworth to 6 North Hollywood, plans are in the pipeline 4 to make neighborhoods more city-like, meaning denser and maybe more walkable and bikeable and more transit-friendly. 8 2 5 In the coming years, developers will build 3 thousands of new units of housing, create open space, bring in new retailers, and build new offices, creating mini villages 7 within neighborhoods.

23 | LOS ANGELES

Los Angeles officially the City of Los Angeles and often known by its initials 2028 the third time. Downtown L.A. is the largest government center outside L.A., is the most populous city in California; the second most populous city in of Washington, D.C. Los Angeles has the only remaining wooden lighthouse the United States, after New York City; and the third most populous city in North in the state (located in San Pedro’s Fermin Park) and the largest historical America, after Mexico City and New York City. With an estimated population of theater district on the National Register of Historic Places (located Downtown nearly four million people, Los Angeles is the cultural, financial, and commercial on Broadway). center of . The city is known for its Mediterranean climate, Los Angeles is on the leading edge of several growth industries. The Los ethnic diversity, the entertainment industry, and its sprawling metropolis. Angeles metropolitan area, with more than 23,000 art jobs, is the country’s The City of Los Angeles holds many distinctions. L.A. is the entertainment leading artistic center, surpassing the previous champion, New York. In other capital of the world, a cultural mecca boasting more than 100 museums, many words, Los Angeles has both a larger concentration and an absolute number of them world-class, and a paradise of idyllic weather. From tourist attractions of artists than New York. The L.A. five-county area is also a major tech center, like the Walk of Fame’s collection of stars (numbering more than 2,614 and with more than 700,000 people at work in health services/biomedical activities growing by one or two a month) to career opportunities like those presented and 190,000 people in aerospace. Here are some more facts and figures about in the expanding tech industry, Los Angeles is the place to be. It is the only Los Angeles: the city, the county, and the region. city in North America to have hosted the Summer Olympics twice - and by

Los Angeles County employs over A culturally diverse city, with a growing culinary scene, It is the largest and most populous city in the state of 100,000 people alone shopping, museums, and a reputation for being the California and the cultural, financial, and commercial creative center of America. center of Southern California.

| 24 LOS ANGELES ECONOMY

The LA economy is famously and heavily based on the entertainment industry, with a particular focus on television, motion pictures, interactive games, and recorded music - the Hollywood district of Los Angeles and its surrounding areas are known as the “Movie Capital of the United States” due to the region’s extreme commercial and historical importance to the American motion picture industry. Other significant sectors include shipping/ international trade - particularly at the adjacent of Los Angeles and , together comprising the United States’ busiest seaport - as well as aerospace, technology, petroleum, fashion and apparel, and tourism.

L.A. County is an entertainment, manufacturing and international trade behemoth, with a fast-growing high-tech and digital media industry cluster largely centered in West L.A. and, increasingly, in the Hollywood area and beyond. With $807 billion in annual output, Los Angeles County ranks among the world’s largest economies. Its GDP, which would rank No. 19 in the world if it were a standalone nation, is larger than Switzerland and Saudi Arabia, and right behind Netherlands and Turkey, underscoring the magnitude of the region’s economy.

25 | 50 MILLION TOURISM 50 Million People who traveled to Los Angeles last year

Tourism accelerated Los Angeles County’s economic prosperity in 2018 as visitors pumped an all-time high $23.9 billion directly into $22 BILLION the L.A. economy, generating a record $36.6 billion in total economic LA visitors spent $22 billion on hotels, restaurants, shopping, impact. A new economic impact report released today by Los Angeles attractions and more Tourism & Convention Board demonstrates the power of tourism in Los Angeles during National Travel & Tourism Week, an annual event established by Congress and organized by the U.S. Travel Association 525,000 to celebrate the impact of travel. There are 525,000 jobs supported by the Los Angeles tourism industry Tourism supported 534,258 jobs in L.A. County’s Leisure & Hospitality sector, its highest total on record, employing 1 in every 8.5 workers in the county. Reaffirming the strength of the sector, tourism added 9,700 new jobs last year. 8 YEARS LA has celebrated 8 consecutive years of record growth

ATTRACTIONS ARTS & CULTURE

Some of the world’s best-known and most iconic landmarks and With various museums and exhibits, Los Angeles is full of inspiring art and diverse attractions call Los Angeles home: the Hollywood Sign; Griffith cultural experiences. In fact, Los Angeles has more museums and theatres than Observatory; the Getty Center; the Walt Disney Concert Hall at the any other city in the U.S., making it the perfect place to be immersed in arts Music Center in Downtown L.A.; the Hollywood Walk of Fame; the TCL and culture. Los Angeles is home to more than 105 museums, 225 theaters, Chinese Theatre; Space Shuttle Endeavour at the California Science 55 magnificent structures by the world’s top architects and 16 of the world’s Center; the Battleship USS Iowa located at the Port of Los Angeles in most beautiful gardens. It also boasts more than 1,500 theatrical productions San Pedro; Air Force One at the Ronald Reagan Library; and Universal annually. The city also has one of the premier contemporary art museums in Studios Hollywood, with its dynamic immersive experience, The the world, the Broad, located in Downtown L.A., and also one of the largest Wizarding World of Harry Potter™. collections of cars in the nation at the Peterson Automotive Museum.

SPORTS

With famous venues like the Staples Center at L.A. LIVE, home to the NBA’s Los Angeles Lakers and Los Angeles Clippers, NHL’s L.A. Kings, and Dodger’s Stadium, where the Los Angeles Dodgers serve as a main attraction sports fans flock to in L.A. Los Angeles is also home to several esteemed universities that have large sports followings such as USC and UCLA.

| 26 27 | FINANCIAL OVERVIEW

| 28 INVESTMENT SUMMARY

6302 N BECK AVE & 11505 SYLVAN ST, NORTH HOLLYWOOD, CA 91606

Sale Price: $6,150,000 Year Built: 2020

Price/Unit: $512,500 APN: 2335-025-017

Price/Foot: $401.67 Gross Sq. Ft.: 15,311

Cap Rate: 4.10% Average S.F. Per Unit: 1,276

GRM: 16.15 Lot Size (Acres): 0.49

Number of Units: 12 Density: 24

UNIT MIX & SCHEDULED INCOME

TOTAL UNIT AVG. SQUARE CURRENT AVG. RENT CURRENT MONTHLY RENT UNITS MIX FEET

10 2+2 1,086 $2,474 $24,740

1 3+2.5 Townhouse 1,580 $3,000 $3,000

1 3+3.5 SFR 2,517 $4,000 $4,000

Scheduled Monthly Rent: $31,740 Scheduled Yearly Rent: $380,880

29 | ANNUAL OPERATING SUMMARY

CURRENT

Scheduled Gross Income: $380,880 Less Vacancy Reserve: $11,426 3.0% Gross Operating Income: $369,454 Expenses: $117,279 30.8% Net Operating Income: $252,175 Pre-Tax Cash Flow: $252,175 4.10% Total Return Before Taxes: $252,175 4.10% * As a percent of Scheduled Gross Income ** As a percent of Down Payment PRO FORMA ANNUAL OPERATING EXPENSES

PRO FORMA ESTIMATES % OF SGI CURRENT PER UNIT

Property Taxes 1.196% x Sale Price 19.91% $73,557 $6,130 Off-Site Management 4.0% x GOI 4.00% $14,778 $1,232 Insurance $0.24 x GSF 0.97% $3,600 $300 Repairs & Maintenance $500 x Units 1.62% $6,000 $500 Turnover $329 x Units 1.07% $3,948 $329 Landscaping $100 x Units 0.32% $1,200 $100 Pest Control $65 x Units 0.21% $780 $65 Utilities $623 x Units 2.02% $7,476 $623 Trash $295 x Units 0.96% $3,540 $295 Reserves $200 x Units 0.65% $2,400 $200 Total Expenses 31.74% $117,279 $9,773

CURRENT PER UNIT % OF SGI Non-controllable expenses: Taxes, Ins., Reserves: $77,156 $6,430 20.3% Total Expense without Taxes $43,722 $3,643 11.48%

| 30 RENT ROLL

# UNIT MIX RENT S.F RENT/S.F.

1 201 2+2 $2,450 1,161 $2.11

2 202 2+2 $2,490 1,050 $2.37

3 203 2+2 $2,450 1,089 $2.25

4 204 2+2 $2,400 1,089 $2.20

5 205 2+2 $2,450 1,041 $2.35

6 206 3+2.5 $3,000 1,580 $1.90

7 301 2+2 $2,500 1,161 $2.15

8 302 2+2 $2,500 1,050 $2.38

9 303 2+2 $2,500 1,089 $2.30

10 304 2+2 $2,500 1,089 $2.30

11 305 2+2 $2,500 1,041 $2.40

12 SFH 3+3.5 $4,000 2,517 $1.59

Totals 11 $31,740 14,957 $2.12

Averages $2,645 1,246 $2.19

DEBT Hugh Seifert (949) 873-0271 QUOTE [email protected]

Please contact a Barrington Capital agent for financing options.

31 | 6302 N BECK AVE

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2 4 3

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| 32 SALES COMPARABLES

YEAR NUMBER OF PRICE PER PRICE ACTUAL ADDRESS SALE PRICE BUILDING SF GRM SALE DATE BUILT UNITS UNIT PER SF CAP RATE

6302 N Beck Ave & 11505 Sylvan St $6,150,000 2020 15,311 12 $512,500 $401.67 4.10% 16.15 - North Hollywood, CA 91606

1 6002 Klump Ave $3,300,000 2020 8,200 6 $550,000 $402.44 - 13.55 3/31/20 North Hollywood, CA 91606

2 5220 Satsuma Ave $7,550,000 2020 20,975 12 $629,166 $359.95 4.70% 15.00 3/16/20 North Hollywood, CA 91601

3 11048 La Maida St $4,950,000 2003 13,004 10 $495,000 $380.65 3.40% - 8/15/19 North Hollywood, CA 91601

4 11214 Morrison St $3,150,000 2015 7,186 6 $525,000 $438.35 3.93% 17.92 10/18/17 North Hollywood, CA 91601

3 5 5716 Whitsett Ave $6,750,000 2003 19,520 16 $421,875 $345.80 3.38% 17.84 1/19/18 North Hollywood, CA 91607

6 4464 Vista Del Monte Ave $4,790,000 2018 11,749 8 $598,750 $407.69 4.27% 16.61 9/14/18 4 Sherman Oaks, CA 91403

7 4309 Dixie Canyon Ave $8,000,000 2003 17,688 14 $571,429 $452.28 3.50% - 1/8/19 Sherman Oaks, CA 91423

AVERAGES $541,603 $398.17 3.86% 16.18

33 | 6302 N BECK AVE

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| 34 TWO-BEDROOM RENT COMPARABLES

PROPERTY UNITS YEAR BUILT UNIT MIX RENT SF RENT/SF

6302 N Beck Ave 11 2020 2+2 $2,474 1,086 $2.28 North Hollywood, CA

1 11671 Erwin St 10 2020 2+2 $2,799 904 $3.10 North Hollywood, CA

2 11476 Miranda St 30 2003 2+2 $2,195 823 $2.67 North Hollywood, CA

3 5555 Bonner Ave 31 2018 2+2 $2,704 971 $2.78 North Hollywood, CA

4 5555 Bonner Ave 31 2018 2+2 $2,804 971 $2.89 North Hollywood, CA

5 5541 Fulcher Ave 14 1990 2+2 $2,200 1,050 $2.10 North Hollywood, CA

6 5500 Klump Ave 84 2017 2+2 $2,867 980 $2.93 North Hollywood, CA

7 11405 Chandler Blvd 82 2017 2+2 $2,850 901 $3.16 North Hollywood, CA

AVERAGES $2,631 943 $2.80

35 | 2

6302 N BECK AVE

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3

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| 36 THREE-BEDROOM RENT COMPARABLES

PROPERTY UNITS YEAR BUILT UNIT MIX RENT SF RENT/SF

6302 N Beck Ave 11 2020 3+2.5 $3,000 1,580 $1.90 North Hollywood, CA

1 11671 Erwin St 10 2020 3+3 $3,499 1,239 $2.82 North Hollywood, CA

2 6625 Beck Ave 4 2020 3+3 $3,195 1320 $2.42 North Hollywood, CA

3 5753 Case Ave 4 2020 3+2 $2,995 1150 $2.60 North Hollywood, CA

4 5555 Bonner Ave 31 2018 3+2 $3,312 1,229 $2.69 North Hollywood, CA

5 5514 Bonner Ave 34 2017 3+2 $3,495 - - North Hollywood, CA

AVERAGES $3,299 1,235 $2.64

37 | 11505 SYLVAN ST

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| 38 THREE-BEDROOM SINGLE FAMILY HOME RENT COMPARABLES

PROPERTY UNITS YEAR BUILT UNIT MIX RENT SF RENT/SF

11505 Sylvan St 1 2020 3+3.5 $4,000 2,517 $1.59 North Hollywood, CA

1 10936 Otsego St 1 1927 3+2 $3,795 1,585 $2.39 North Hollywood, CA

2 4929 Cartwright Ave 1 1940 3+3 $3,995 1,400 $2.85 North Hollywood, CA

3 4721 Cartwright Ave 1 1932 3+2 $4,650 1,500 $3.10 North Hollywood, CA

4 10809 Hartsook St 1 1938 3+2 $6,200 - - North Hollywood, CA

5 5415 Simpson Ave 1 1948 3+1 $2,950 - - Valley Village, CA

AVERAGES $4,318 1,495 $2.78

39 | CONFIDENTIALITY AGREEMENT & DISCLOSURE

This Offering Memorandum contains select information pertaining to the business and affairs of6302 N Beck Ave & 11505 Sylvan St, North Hollywood, CA (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

| 40 6302 N BECK AVE & 11505 SYLVAN ST NORTH HOLLYWOOD, CA

EXCLUSIVELY LISTED BY

DANIEL WITHERS Senior Vice President & Senior Director

DIRECT +1 (818) 923-6107 MOBILE +1 (310) 365-5054 [email protected] Lic No. 01325901 (CA)