Permit Ready / Fully Entitled for 12 Residential Units

Home , Lankershim Boulevard

PERMIT READY / FULLY ENTITLED FOR 12 RESIDENTIAL UNITS 10352 – 58 Riverside Drive • “Ready To Issue” for Building Permit and MEP • Former Structures Have Been Demolished Toluca Lake, California (Mechanical, Electrical, Plumbing) • Park Fees Paid • Buyer Can Avoid $240,000 New Homeless Mitigation • Tract Map Issued Prior to Close of Escrow Fee by Obtaining Building Permit Before 12/3/19

HOLLYWOOD

101 FREEWAY UNIVERSAL STUDIOS UNIVERSAL CITY WEDDINGTON PARK

LANKERSHIM BLVD LAKESIDE GOLF CLUB

CAHUENGA BLVD

TOLUCA LAKE

SITE

MOORPARK RD

RIVERSIDE DR 134 FREEWAY

LAURIE LUSTIG-BOWER KAMRAN PAYDAR Bids Due: Friday, October 18, 2019 by 5:00 PM Executive Vice President Vice President +1 310 550 2556 +1 310 550 2529 [email protected] [email protected] www.Riverside-Drive.com1 Lic. 00979360 Lic. 01242590 TABLE OF CONTENTS

CONTACT 1 LAURIE LUSTIG-BOWER EXECUTIVE SUMMARY Executive Vice President +1 310 550 2556 [email protected] 2 Lic. 00979360 AREA OVERVIEW

KAMRAN PAYDAR Vice President +1 310 550 2529 3 [email protected] FINANCIALS Lic. 01242590

2 DOWNTOWN LA HOLLYWOOD

UNIVERSAL STUDIOS UNIVERSAL CITY

TOLUCA LAKE LAKESIDE GOLF CLUB

SITE

RIVERSIDE DR CAHUENGA BLVD

134 FREEWAY

MOORPARK WAY

3 GLENDALE

BURBANK WARNER BROS STUDIO

TOLUCA LAKE

TOLUCA WOODS RIVERSIDE DR

SITE

134 FREEWAY

MOORPARK RD

4 SITE

MOORPARK RD

RIVERSIDE DR

5 SITE

PACIFIC OCEAN

6 EXECUTIVE SUMMARY 1

7 THE OPPORTUNITY PARCEL MAP CBRE, Inc., as exclusive agent is pleased to present for sale a prime ±9,322 development site that is fully entitled to build 12 residential units in the desirable Toluca Lake submarket of Los Angeles, California.

Located in the San Fernando Valley at 10352-58 Riverside Drive, the project is permit ready:

• “Ready To Issue” for Building • Former Structures Have Permit and MEP (Mechanical, Been Demolished Electrical, Plumbing) • Park Fees Paid • Buyer Can Avoid $240,000 New • Tract Map Issued Prior to Homeless Mitigation Fee by Close of Escrow Obtaining Building Permit Before 12/3/19

The project is programmed to deliver an attractive mix of two-bedroom, three-bedroom, and penthouse units, along with ample parking and private roof deck space.

Surrounding demographics within a three-mile radius are exceptionally strong with average household income of $131,304 forecasted by 2024. PRICE: Unpriced

Boasting a “Very Walkable” Walk Score of 80, the Property is situated in WEBSITE: www.Riverside-Drive.com an amenity-rich neighborhood. There are 36 restaurants within walking distance of the property, including Catcher in the Rye, Kaboso Japanese Cuisine and Malbec Argentinian Cuisine. 10352 Riverside Drive is close to Lakeside Golf Club (with access to the 6-acre Toluca Lake), Weddington ADDRESS: 10352-58 Riverside Drive Park and North Hollywood Park. Los Angeles, California 91602 SUBMARKET: Toluca Lake The Property is located less than 1.5 miles away from the trendy North ASSESSOR PARCEL NUMBER: 2424-005-001 Hollywood Arts District and to bustling Universal City, and is a short drive to upscale Studio City, Sherman Oaks. Also within convenient driving ESTIMATED LAND AREA: ±9,322 Square Feet; ±0.21 Acres distance are numerous employment centers and dining, shopping, and ZONING: R3-1 entertainment venues including those in Burbank, Glendale, Pasadena, OWNERSHIP INTEREST Fee Simple Warner Center and Downtown Los Angeles. 8 SUMMARY OF ENTITLEMENTS

PROPOSED BUILDING AREA: 22,177 SF PROPOSED UNIT MIX Basement Parking: 7,037 SF # UNITS FLOOR PLAN UNIT SIZE

1st Floor Parking 241 SF 4 3 Bedroom / 3 Bath 1,690 SF Total Parking ±7,278 SF 1 2 Bedroom / 2.5 Bath 1,387 SF PARKING SPACES: 3 3 Bedroom / 2.5 Bath 1,585 SF Automobile 27 Spaces Bicycle 16 Spaces 1 2 Bedroom / 2.5 Bath 1,409 SF

OPEN SPACE PROVIDED: 3 3 Bedroom / 2.5 Bath 1,720 SF Private Open Space 600 SF 12 Total* 19,471 SF Common Open Space- Roof Deck 1,730 SF *Includes 3 Penthouse Units Total Open Space 2,330 SF HEIGHT LIMIT: 45 Feet 4 Story Over BUILDING TYPE: Basement/Parking Building plans and additional information are posted in the CONSTRUCTION TYPE: II-A / I-A data room via www.Riverside-Drive.com.

• “Ready To Issue” for Building Permit and MEP (Mechanical, Electrical, Plumbing) • Buyer Can Avoid $240,000 New Homeless Mitigation Fee by Obtaining Building Permit Before 12/3/19 • Former Structures Have Been Demolished • Park Fees Paid • Tract Map Issued Prior to Close of Escrow 9 SALES COMPARABLES 2

10 SOLD CONDOMINIUM PROPERTIES Criteria: Units located in Toluca Lake, Sherman Oaks, Studio City & Encino, $500+ PSF, sold from 9/13/17 to 9/13/19 Source: MLS, sorted by rice per square foot

Property Address City Br Ba SF Sale Price $/SF Built Sale Date MLS HOA 4466 COLDWATER CANYON AVE #103 STUDIO CITY 1 1 610 $439,000 $720 1988 7/12/2018 18-338984 $338 11847 LAURELWOOD DR #101 STUDIO CITY 2 3 1,467 $995,000 $678 1994 8/12/2019 19-476812 $450 4128 WHITSETT AVE #205 STUDIO CITY 2 2 1,040 $705,000 $678 1988 9/9/2019 19-507730 $434 12045 Guerin Street #PH1 STUDIO CITY 3 3 2,000 $1,350,000 $675 2017 2/23/2018 18-302224 $307 4201 RADFORD AVE #2 STUDIO CITY 2 3 1,056 $697,500 $661 1992 6/20/2019 19-456490 $425 4170 FAIR AVE #PH6 STUDIO CITY 2 2 1,250 $805,000 $644 2006 9/22/2018 18-376954 $340 12045 GUERIN ST #PH3 STUDIO CITY 3 3 1,959 $1,250,000 $638 2017 11/10/2017 17-259532 $307 12045 GUERIN ST #PH4 STUDIO CITY 3 3 1,959 $1,250,000 $638 2017 10/13/2017 17-240016 $307 4660 COLDWATER CANYON AVE #12 STUDIO CITY 1 1 625 $390,000 $624 1974 8/26/2019 19-456600 $242 12045 GUERIN ST #301 STUDIO CITY 0 0 2,000 $1,245,000 $623 2016 9/29/2017 16-177748 $307 4201 RADFORD AVE #5 STUDIO CITY 2 3 1,102 $676,000 $613 1992 11/29/2018 18-396248 $403 4242 STANSBURY AVE #115 SHERMAN OAKS 2 3 1,165 $699,000 $600 1975 7/2 7/2 0 1 8 18-350192 $612 4240 Laurel Canyon BLVD #304 STUDIO CITY 2 3 1,356 $811,000 $598 - 9/27/2018 18-364254 $300 4466 COLDWATER CANYON AVE #204 STUDIO CITY 2 2 1,005 $595,000 $592 1988 7/ 7/2 0 1 8 18-349544 $393 4859 COLDWATER CANYON AVE #10A SHERMAN OAKS 1 1 657 $388,000 $591 1975 2/27/2018 18-300542 $283 4370 TROOST AVE #201 STUDIO CITY 3 2 1,055 $620,900 $589 1984 6/5/2018 18-351694 $355 12045 GUERIN ST #203 STUDIO CITY 3 3 1,960 $1,150,000 $587 2017 1/20/2018 17-240008 $307 12020 GUERIN ST #104 STUDIO CITY 3 3 1,560 $900,000 $577 2009 4/27/2018 18-324528 $415 4200 LAUREL CANYON BLVD #202 STUDIO CITY 2 2 1,240 $715,000 $577 1964 11/22/2017 17-274624 $350 4170 FAIR AVE #PH7 STUDIO CITY 2 2 1,120 $645,000 $576 2006 11/15/2017 17-275866 $340 4128 WHITSETT AVE #109 STUDIO CITY 2 3 1,050 $604,000 $575 1988 10/27/2017 17-277210 $434 11138 AQUA VISTA ST #49 STUDIO CITY 0 1 551 $315,000 $572 1963 4/11/2018 17-297652 $288 12504 WOODBRIDGE ST #304 STUDIO CITY 2 2 1,491 $845,000 $567 2010 9/21/2018 18-376518 $487 4720 PARK ENCINO LN #120 ENCINO 2 3 2,267 $1,283,285 $566 1982 8/20/2018 18-365666 $1,325

11485 MOORPARK ST #2 STUDIO CITY 2 2 884 $500,000 $566 1988 8/1/2018 18-351184 $218 14014 MILBANK ST #2 SHERMAN OAKS 2 3 1,207 $681,000 $564 1980 6/4/2018 18-329372 $325 12060 HOFFMAN ST #101 STUDIO CITY 2 3 1,166 $657,000 $563 1990 4/6/2019 19-438614 $396 4202 WHITSETT AVE #105 STUDIO CITY 2 2 1,200 $673,000 $561 2007 4/29/2019 19-449360 $479 13250 MOORPARK ST #6 SHERMAN OAKS 2 3 991 $555,000 $560 1995 7/11/2019 19-475264 $325 4128 WHITSETT AVE #203 STUDIO CITY 2 2 1,215 $680,000 $560 1988 5/30/2019 19-461832 $434 11913 LAURELWOOD DR #3 STUDIO CITY 2 3 1,279 $715,000 $559 1986 1/2/2019 18-408046 $387 10618 WOODBRIDGE ST #305 TOLUCA LAKE 2 3 1,440 $805,000 $559 2006 3/28/2018 18-322346 $460

You are solely responsible for independently verifying the information in this Memorandum. Any reliance on it is solely at your own risk. 11 SOLD CONDOMINIUM PROPERTIES (CONT). Criteria: Units located in Toluca Lake, Sherman Oaks, Studio City & Encino, $500+ PSF, sold from 9/13/17 to 9/13/19 Source: MLS, sorted by rice per square foot

12603 MOORPARK ST #304 STUDIO CITY 2 2 1,288 $720,000 $559 2001 6/28/2018 18-343716 $500 12026 HOFFMAN ST #301 STUDIO CITY 3 3 1,620 $905,550 $559 2006 8/28/2019 19-489916 $550 12603 MOORPARK ST #307 STUDIO CITY 3 2 1,322 $738,000 $558 2001 9/23/2018 18-370090 $500 4501 CEDROS AVE #315 SHERMAN OAKS 1 1 667 $371,000 $556 1971 12/13/2018 18-404594 $455 4125 W HOOD AVE #102 TOLUCA LAKE 3 3 1,520 $840,000 $553 2005 5/13/2019 19-451046 $250 11640 WOODBRIDGE ST #301 STUDIO CITY 2 2 1,182 $653,000 $552 1978 3/8/2019 19-430640 $497 4832 COLDWATER CANYON AVE #4 SHERMAN OAKS 2 3 1,220 $673,000 $552 2000 3/27/2018 18-313432 $350 4702 PARK ENCINO LN #326 ENCINO 2 2 1,900 $1,048,000 $552 1982 11/27/2018 18-400042 $1,325 4501 CEDROS AVE #233 SHERMAN OAKS 1 1 669 $368,000 $550 1971 10/31/2017 17-267504 $385 15222 1/4 DICKENS ST #1/4 SHERMAN OAKS 2 1 921 $506,000 $549 1948 2/9/2019 19-420654 $384 12067 GUERIN ST #201 STUDIO CITY 2 3 1,383 $750,000 $542 2002 8/29/2018 18-357280 $504 4511 MURIETTA AVE #9 SHERMAN OAKS 2 2 943 $511,000 $542 1986 7/1/2019 19-469082 $395 11155 SUNSHINE TER #101 STUDIO CITY 2 2 1,249 $675,000 $540 1989 5/28/2018 18-318580 $350 4424 WHITSETT AVE #305 STUDIO CITY 2 2 1,370 $740,000 $540 2009 8/15/2018 18-364260 $408 11738 MOORPARK ST #B STUDIO CITY 2 2 1,272 $686,500 $540 1974 5/28/2019 19-453720 $557 14937 DICKENS ST #203 SHERMAN OAKS 2 2 948 $510,000 $538 1987 2/26/2018 18-305796 $367 4524 TUJUNGA AVE #6 STUDIO CITY 1 1 810 $435,000 $537 1978 11/18/2018 18-400618 $340 4342 GENTRY AVE #1 STUDIO CITY 3 3 1,400 $750,000 $536 1971 9/5/2019 19-482034 $298 14960 DICKENS ST #315 SHERMAN OAKS 2 2 1,301 $692,500 $532 1986 10/3/2018 18-372088 $414 12044 HOFFMAN ST #305 STUDIO CITY 3 3 1,552 $826,000 $532 2007 1/11/2018 17-288716 $460 12021 GUERIN ST #203 STUDIO CITY 3 3 1,618 $861,000 $532 2005 7/5/2018 18-337594 $425 11913 LAURELWOOD DR #3 STUDIO CITY 2 3 1,279 $680,000 $532 1986 4/24/2018 18-322900 $387 11507 MOORPARK ST #101 STUDIO CITY 2 2 897 $475,000 $530 1969 7/12/2018 18-346750 $385 12045 GUERIN ST #104 STUDIO CITY 3 3 1,960 $1,035,000 $528 2017 9/26/2017 17-274426 $307 5325 NEWCASTLE AVE #128 ENCINO 0 1 483 $255,000 $528 1971 6/27/2019 19-465050 $261 4400 CARTWRIGHT AVE #302 TOLUCA LAKE 2 2 1,215 $640,000 $527 2002 11/7/2017 17-276708 $430 11635 WOODBRIDGE ST #1 STUDIO CITY 3 3 1,472 $775,000 $526 1985 4/29/2019 19-450482 $430 11138 AQUA VISTA ST #41 STUDIO CITY 2 2 905 $475,000 $525 1963 4/28/2019 19-445958 $369 12416 MOORPARK ST #B STUDIO CITY 3 3 1,598 $837,000 $524 1971 7/2/2018 18-345402 $200 11640 WOODBRIDGE ST #107 STUDIO CITY 2 2 1,167 $610,000 $523 1978 11/21/2018 18-386124 $494 12044 HOFFMAN ST #303 STUDIO CITY 3 3 1,630 $850,000 $521 2007 3/27/2019 19-431572 $499 12938 Valleyheart DR #11 STUDIO CITY 1 1 970 $505,000 $521 1977 12/29/2017 17-294198 $315 11818 MOORPARK ST #O STUDIO CITY 2 2 1,056 $549,000 $520 1974 12/5/2018 18-400560 $545

You are solely responsible for independently verifying the information in this Memorandum. Any reliance on it is solely at your own risk. 12 SOLD CONDOMINIUM PROPERTIES (CONT). Criteria: Units located in Toluca Lake, Sherman Oaks, Studio City & Encino, $500+ PSF, sold from 9/13/17 to 9/13/19 Source: MLS, sorted by rice per square foot

11023 FRUITLAND DR #302 STUDIO CITY 2 3 1,300 $675,000 $519 2010 2/13/2019 19-421028 $421 12060 HOFFMAN ST #206 STUDIO CITY 2 2 1,235 $640,000 $518 1990 5/21/2018 18-319820 $375 12837 MOORPARK ST #213 STUDIO CITY 2 2 1,380 $715,000 $518 2009 5/4/2018 18-327012 $461 4400 CARTWRIGHT AVE #202 TOLUCA LAKE 2 2 1,215 $625,500 $515 2002 2/1/2018 17-296152 $430 10926 MOORPARK ST #2 TOLUCA LAKE 2 3 1,147 $589,000 $514 1988 5/29/2019 19-447016 $320 4859 COLDWATER CANYON AVE #14A SHERMAN OAKS 1 1 653 $335,000 $513 1975 10/27/2017 17-276184 $283 14937 DICKENS ST #104 SHERMAN OAKS 2 2 898 $460,000 $512 1987 7/18/2019 19-463142 $332 11138 AQUA VISTA ST #63 STUDIO CITY 2 2 1,048 $535,000 $510 1963 2/28/2019 19-426374 $383 4400 CARTWRIGHT AVE #102 TOLUCA LAKE 2 2 1,215 $620,000 $510 2002 5/21/2018 18-325058 $430 4237 LONGRIDGE AVE #302 STUDIO CITY 3 3 1,460 $745,000 $510 2007 12/18/2018 18-403098 $330 5325 NEWCASTLE AVE #120 ENCINO 1 1 475 $242,000 $509 1971 10/10/2017 17-266360 $238 12021 GUERIN ST #204 STUDIO CITY 3 3 1,608 $819,000 $509 2005 11/10/2017 17-269834 $425 4501 CEDROS AVE #130 SHERMAN OAKS 1 1 698 $355,000 $509 1971 1/15/2019 18-367830 $456 4371 TROOST AVE STUDIO CITY 2 2 1,959 $995,000 $508 2000 9/3/2018 18-357176 $215 4237 LONGRIDGE AVE #101 STUDIO CITY 3 3 1,480 $750,000 $507 2007 8/27/2019 19-469192 $345 11848 MOORPARK ST #B STUDIO CITY 2 3 1,506 $760,000 $505 1974 6/30/2019 19-461346 $557 11306 MOORPARK ST #12 STUDIO CITY 2 2 1,070 $538,000 $503 1988 8/25/2019 19-474800 $325

You are solely responsible for independently verifying the information in this Memorandum. Any reliance on it is solely at your own risk. 13 CONDOMINIUM LISTINGS ON THE MARKET Criteria: Units located in Toluca Lake, Sherman Oaks, Studio City & Encino, $500+ PSF, Active as of 9/10/2019 Source: MLS, sorted by rice per square foot

Property Address City Br Ba SF Sale Price $/SF Built List Date MLS HOA 15344 WEDDINGTON ST #208 SHERMAN OAKS 1 1 482 $305,000 $633 1965 9/7/2019 19-505516 $238 13308 VALLEYHEART DR #205 SHERMAN OAKS 2 3 1,280 $749,000 $585 2014 8/3/2019 19-491676 $479 4312 TUJUNGA AVE #5 STUDIO CITY 2 3 1,292 $749,000 $580 2003 8/17/2019 19-491708 $380 4401 SEPULVEDA #106 SHERMAN OAKS 1 1 690 $399,000 $578 1988 8/27/2019 19-494738 $299 4230 COLFAX AVE #304 STUDIO CITY 2 2 1,160 $649,900 $560 1989 8/23/2019 19-499450 $425 11044 ACAMA ST #306 STUDIO CITY 2 2 1,308 $719,000 $550 1991 8/1/2019 19-492194 $434 4784 PARK ENCINO LN #203 ENCINO 2 3 1,985 $1,074,000 $541 1981 8/6/2019 19-491706 $1,325 12044 HOFFMAN ST #302 STUDIO CITY 3 3 1,600 $849,000 $531 2007 8/15/2019 19-497388 $499 4771 PARK ENCINO LN #235 ENCINO 2 3 1,985 $1,039,000 $523 1981 7/22/2019 19-448406 $1,325 4328 GENTRY AVE #4 STUDIO CITY 3 3 1,710 $895,000 $523 2005 8/2/2019 19-492646 $420

You are solely responsible for independently verifying the information in this Memorandum. Any reliance on it is solely at your own risk.

14 AREA OVERVIEW 3

15 LOCAL AREA MAP

TOLUCA LAKE

SITE

16 TOLUCA LAKE Toluca Lake is a neighborhood in the city of Los Angeles, within the city of Los Angeles that is generally situated in the southeast portion of the San Fernando Valley. It is bounded on the south by Universal City, on the west by Studio City, on the north by North Hollywood and on the east by the city of Burbank.

The project is located by downtown Toluca Lake one block from Bob Hope’s estate now owned by Steve Ballmer owner of the Clippers.

UNIVERSAL CITY Located about 1.5 miles away from Toluca Lake is Universal City. Covering 415 acres, Universal City is home to one of the major film studios and world- famous destination attractions in the U.S.: Universal Studios Hollywood film studio and theme park and the Universal CityWalk shopping and entertainment center.

Local Grocery Stores Include: Trader Joe’s (Walkable) Vons Ralphs Fresh Fare Grocery Supermarket

Area Restaurants Include: Universal CityWalk Dining Tony’s Deli Baja Fresh JINYA Ramen Bar Arty’s The Coffee Bean & Tea Leaf Dog Haus Umami Burger Porto’s Bakery & Cafe The Counter Aeriloom Bakery Burbank Sharkey’s Woodfired Simplethings Novo Café Mexican Grill Lemonade Seasonal Don Cuco Mexican Patys Restaurant Universal CityWalk Retailers California Cuisine Restaurant Gindi Thai Restaurant CiaoCristina! Classic Italian Red Maple Café – Gelato & and Sushi Food Coffee Bar Chipotle Timmy Nolan’s Irish Tavern Casabel Restaurant Starbucks Coffee and Grill Bob’s Big Boy RAWkin’ Juice Malbec Argentinian Cuisine Kabosu Japanese Cuisine Arde’s Bistro Cinema Summer Canteen Forman’s Whiskey Tavern High-tech 18-plex and 7-story IMAX with Laser theatre 17 TOLUCA LAKE AREA RETAIL

SITE BANK

BANK

18 HOLLYWOOD

Hollywood is a community within the city of Los Angeles that is generally situated in the southeast portion of the San Fernando Valley. It is bounded by the city of Burbank to the east, the Los Angeles city districts of Sun Valley to the north, Van Nuys to the west, and Studio City to the south. Much of the district is older, relatively modest quality apartments, and middle to lower middle class single family residential development.

19 ENTERTAINMENT INDUSTRY

The area has a high historic concentration of movie and TV production. Warner Brothers, CBS, Universal Studios, and Disney are all located either in Burbank just east of North Hollywood or in Universal City and Studio City just to the south. All are major integrated production studios, located in the area for many decades. As a result of the proximity of these industry anchors—and to Hollywood to the south—the area has long been a center of related entertainment-industry companies. Over the past two decades, entertainment production uses have expanded greatly, reflecting the overall growth of the industry in the region.

20 NEARBY STUDIOS

SITE 1

3 2

SITE 1 Walt Disney Studios (8 minute drive) 2 Universal Studios (10 minute drive) 3 CBS Studios (10 minute drive) 4 Warner Brothers Studios (4 minute drive) 21 TOLUCA LAKE AREA EMPLOYERS

BURBANK

SITE

22 TRANSPORTATION Metro Rail & Busway metro.net

The Property benefits from Toluca Lake’s excellent regional transportation access provided by several Chatsworth freeways; the Ventura (U.S. Highway 101) Freeway; Amtrak & Metrolink Nordhoff SAN FERNANDO VALLEY SITE the Golden State (Interstate 5) Freeway; and the Lake Allen Sierra MadreArcadia VillaMonroviaDuarte/CityIrwindale of HopeAzusa DowntownAPU/Citrus College Roscoe Hollywood (State Route 170), and Ventura (134) Memorial Park Sherman Way SAN GABRIEL VALLEY Del Mar Canoga De Soto Pierce CollegeTampa Reseda Balboa Woodley SepulvedaVan NuysWoodmanValley CollegeLaurel Canyon Freeway. Major nearby streets include Laurel North Hollywood Fillmore Universal City/Studio City Los Angeles River Canyon Boulevard, Tujunga Avenue, Lankershim Warner Ctr Hollywood/Highland South Pasadena

Boulevard, Cahuenga Boulevard, Verdugo Avenue, Hollywood/Vine Highland Park

Hollywood/Western Southwest Museum Barham Boulevard, and Olive Avenue. CENTRAL LA Vermont/Sunset Heritage Sq

Vermont/Santa Monica Lincoln/Cypress Two Metro Rail stations are in the immediate Vermont/Beverly Chinatown

PURPLE LINE EXTENSION Wilshire/WesternWilshire/Normandie Union Station vicinity: At Universal City and in North Hollywood. Wilshire/Vermont Amtrak & Metrolink CivicGrandGrandGrandGrand Ctr/Civic Ctr/ParkParkParkPark Metrolink LAX FlyAway LAC+USC MedicalCal State Ctr LA El Monte Westlake/MacArthur Park WESTSIDE North Hollywood is the northern most MetroRail REGIONAL 7th St/Metro Ctr CONNECTOR Pico Pershing Square station, located at Lankershim and Chandler LATTC/Ortho Soto Institute LittleArts Tokyo/ Dist Indiana Atlantic DOWNTOWN Pico/Aliso Maravilla LA Boulevard. The Metro Rail subway terminates here, Mariachi Plaza Rail Station Grand/LATTC East LA Civic Ctr Downtown17th Santa St/SMC Monica26th St/BergamotExpo/BundyExpo/SepulvedaWestwood/RanchoPalms Culver Park CityLa Cienega/JeffersonExpo/La BreaFarmdaleExpo/CrenshawExpo/WesternExpo/VermontExpoPark/USC Transfer EASTSIDE Station BuswayStation extending south, under Lankershim Boulevard 37th St/ San Pedro St USC Busway Street Service UNDER to Universal City, then southeast into Hollywood Jefferson/USC Washington CONSTRUCTION

Slauson Vernon and to Downtown Los Angeles. The site contains Metro Rail Los Angeles River Angeles Los CRENSHAW/ SOUTH LA Slauson LAX LINE Red Line the portal or entry to the subway, 600+ surface North Hollywood to Union Station Manchester Florence PACIFIC OCEAN Purple Line Wilshire/Western to Union Station parking spaces, and a number of bus lanes. Firestone Blue Line Downtown LA to Long Beach Expo Line 103rd St/ Downtown LA to Santa Monica Watts Towers Green Line Willowbrook/ Redondo Beach to Norwalk LAX Shuttle G Rosa Parks The Metro Orange Line was opened to the public Aviation/LAXHawthorne/LennoxCrenshawVermont/Athens Harbor FwyAvalon Long Beach LakewoodBl NorwalkBl Gold Line LAX East Los Angeles to Azusa

Metro Busway on October 29, 2005. The bus line is an express Mariposa Rosecrans Compton Orange Line Chatsworth to North Hollywood El Segundo Harbor Artesia bus service that utilizes a private transit-way Gateway Silver Line Transit Ctr GATEWAY CITIES San Pedro to El Monte Douglas Del Amo Street Service in Downtown LA reserved only for Metro Liner vehicles. The Metro and San Pedro Carson Wardlow Redondo Beach Regional Rail

Orange Line extends east from North Hollywood Willow St Amtrak SOUTH BAY amtrak.com Metrolink to Woodland Hills, starting at Lankershim and Pacific Pacific Coast Hwy metrolinktrains.com Coast Hwy Chandler (across Lankershim from the Metro Rail Anaheim St Airport Shuttle LAX FlyAway Pacific 5th St lawa.org/flyaway station). Av LAX Shuttle (free) lawa.org San Pedro Downtown 1st St Long Beach OCTMAY 2016 2016 SubjectSubject to to Change 17-0753 ©2016 LACMTA ©2016 17-0753

23 Affiliated Business Disclosure DISCLAIMER CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) This Memorandum contains select information pertaining to the engaging in a broad range of commercial real estate businesses Property and the Owner, and does not purport to be all-inclusive or including, but not limited to, brokerage services, property and contain all or part of the information which prospective investors facilities management, valuation, investment fund management may require to evaluate a purchase of the Property. The information and development. At times different Affiliates, including CBRE contained in this Memorandum has been obtained from sources Global Investors, Inc. or Trammell Crow Company, may have believed to be reliable, but has not been verified for accuracy, or represent clients who have competing interests in the completeness, or fitness for any particular purpose. All information same transaction. For example, Affiliates or their clients may is presented “as is” without representation or warranty of any kind. have or express an interest in the property described in this Such information includes estimates based on forward-looking Memorandum (the “Property”), and may be the successful assumptions relating to the general economy, market conditions, bidder for the Property. Your receipt of this Memorandum competition and other factors which are subject to uncertainty and constitutes your acknowledgement of that possibility and may not represent the current or future performance of the Property. your agreement that neither CBRE, Inc. nor any Affiliate has All references to acreages, square footages, and other measurements an obligation to disclose to you such Affiliates’ interest or are approximations. This Memorandum describes certain documents, involvement in the sale or purchase of the Property. In all including leases and other materials, in summary form. These instances, however, CBRE, Inc. and its Affiliates will act in the summaries may not be complete nor accurate descriptions of the full best interest of their respective client(s), at arms’ length, not in agreements referenced. Additional information and an opportunity to concert, or in a manner detrimental to any third party. CBRE, inspect the Property may be made available to qualified prospective Inc. and its Affiliates will conduct their respective businesses in a purchasers. You are advised to independently verify the accuracy manner consistent with the law and all fiduciary duties owed to and completeness of all summaries and information contained their respective client(s). herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s Confidentiality Agreement suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum The Owner expressly reserves the right, at its sole discretion, to reject solely for your limited use and benefit in determining whether any or all expressions of interest or offers to purchase the Property, you desire to express further interest in the acquisition of the and/or to terminate discussions at any time with or without notice Property, (ii) you will hold it in the strictest confidence, (iii) you to you. All offers, counteroffers, and negotiations shall be non- will not disclose it or its contents to any third party without binding and neither CBRE, Inc. nor the Owner shall have any legal the prior written authorization of the owner of the Property commitment or obligation except as set forth in a fully executed, (“Owner”) or CBRE, Inc., and (iv) you will not use any part of definitive purchase and sale agreement delivered by the Owner. this Memorandum in any manner detrimental to the Owner or CBRE, Inc. © 2019 CBRE, Inc. All Rights Reserved. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

24 10352 – 58 Riverside Drive Toluca Lake, California

PERMIT READY / FULLY ENTITLED FOR 12 RESIDENTIAL UNITS

CONTACT LAURIE LUSTIG-BOWER SITE Executive Vice President +1 310 550 2556 laurie.lustig-bower@cbre. com Lic. 00979360

KAMRAN PAYDAR Vice President +1 310 550 2529 [email protected] Lic. 01242590 Bids Due: Friday, October 18, 2019 by 5:00 PM