OFFICE BUILDING FOR SALE

CAHUENGA BOULEVARD WEST LOS ANGELES, CA 90068

FOR MORE INFORMATION, PLEASE CONTACT: Stacy Vierheilig-Fraser [email protected] Senior Managing Director Direct 818.455.8201 Lic. # 00986794 Office 818.455.8200 PROPERTY HIGHLIGHTS & DETAILS

HIGHLIGHTS 2 • Suites individually metered • Parabolic lighting • Maple floors • Elevator • Secured building

DETAILS 3255 Cahuenga Boulevard Address West, Los Angeles, CA 90068 Parcel Number 2429-010-034 Approx. 19,394 SF (per Title) Building Size Three stories Land Size Approx. 11,377.872 SF Terms All Cash or Cash to New Loan Zoning LAC2 Approx. 38 spaces (Some

Parking covered/secured and surface 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA covered) Year Built 1980 (Fully renovated in 2006) TAX MAP FINANCIAL RENT ROLL DETAILS FLOOR AMOUNT SF

First Floor

YSK $4,694.33 2,830 PRICING Secure Data $1,710.00 900 3 Purchase Price: $6,375,000.00

Projected Income ($2.00 MG): $465,456.00 Second Floor - 3% vacancy ($13,963.68) Group 6 $2,625.00 1,500 Adjusted Income $451,492.32 - Expenses: ($46,176.00) Ripe Media $3,335.60 1,905 Taxes @ 1.1% : ($70,125.00) Pike FX $1,355.50 800 NOI: $335,191.32 Natasha $1,200.00 650 CAP Rate: 5.26% Legal Brau $1,280.00 800

Third Floor

JNL $1,870.75 1,070 MONTHLY EXPENSES US Legal $5,450.00 3,453

Insurance $705.00 Yummy Foods $4,000.00 2,134 DWP $950.00 - $1,100.00 World Acceptance $4,240.80 2,232 Phone $72.00

Elevator $175.00 $31,761.48 18,274 Trash $171.00

Janitorial $660.00 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA These materials are based on information and content provided by others which we believe are accurate. No guarantee, Management $800.00 warranty, or representation is made by the Charles Dunn Company or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates Internet $120.00 are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for Gardener $120.00 your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice. COMPARABLES 4 4 5

3 1 7 6 2

3255 CAHUENGA Address RBA Price/SF BOULEVARD WEST

1 315 Arden Avenue 26,560 SF $348.27 2 431 North Brand Boulevard 24,183 SF $413.51 3 11311 Camarillo Street 18,774 SF $406.67 4 2721 West Magnolia Boulevard 13,928 SF $337.45 5 2740 West Magnolia Boulevard 19,732 SF $369.96 6 4323 Riverside Drive 30,000 SF $476.67 7 13412 Ventura Boulevard 19,496 SF $369.31 8 40 East Verdugo Avenue 24,475 SF $408.58 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA AMENITIES 12 MAP 5

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13 5 1 ARCO 2 CorePower Yoga 11 6 3 El Paseo De Cahuenga Park 1 4 GC Marketplace 17 5 Hilton Los Angeles 2 6 In N Out Burger 7 7 Joe’s Falafel 9 8 8 LA Fitness 9 Lofts in Los Angeles 10 10 Mercado Restaurant 11 Panda Express 15 3 4 12 Sheraton Universal 14 13 Southern California Golf Association 14 Starbucks 16 15 Theater West Tilt Hotel Universal Hollywood 16 3255 CAHUENGA 17 Universal City Nissan BOULEVARD WEST 18 18 Universal Gas & Mart Universal Studios Hollywood 19 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA Veggie House AERIAL MAPS 6

HOLLYWOOD FREEWAY

BENNETT DRIVE

CAHUENGA BOULEVARD WEST 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA AERIAL MAPS 7

3255 CAHUENGA BOULEVARD WEST 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA FLOOR PLANS FIRST FLOOR 8 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA FLOOR PLANS SECOND FLOOR 9 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA FLOOR PLANS THIRD FLOOR 10 Front Rear 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA PROPERTY IMAGES 11 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY 12 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY 13 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY 14 MARKET OVERVIEW: LOS ANGELES COUNTY

The County of Los Angeles, whose 4,083 square miles span a variety of landscapes, consists of 88 cities, 140 unincorporated communities, and two islands: San

Clemente Island and Santa Catalina Island. Known for its coastal communities along 70 miles of Pacific Ocean as well as for its eastern county farmland, national and 15

state parks, major rivers, deserts, and mountain ranges, the county is as geographically diverse as its population.

The county seat (also the largest city by population and land area), Los Angeles, boasts a population of over 3.8 million and lends its name to the county. With

a population of over 10 million residents which is steadily increasing, LA County’s job growth in burgeoning industries such as entertainment, technology, and

e-commerce continues to attract residents to its metropolitan hubs despite its higher cost of living. Multifamily markets across the county are highly active, with nearly

half of residents spending 30% or more of their income on housing. The demand for housing in metro areas has spurred increased activity in retail markets as well,

with higher densities of Los Angeles County residents driving up demand for local amenities. 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA MARKET OVERVIEW: LOS ANGELES COUNTY

SNAPSHOT ECONOMY

As the largest and most ethnically diverse county in the United 16 States, the county of Los Angeles has a larger population than 42 US states. With approximately 27% of California’s residents within its borders, it is extremely diverse and represents more than 140 cultures and as many as 224 languages.

Population Size (2015) 10,185,550 Total Land Area 4,083 square miles Median Income $56,404 Median Age 35.5 years LA County is among the world’s 20 largest economies with a Education, ages 25+ GDP of $583.9 billion. More than ten million residents are served No High School Diploma 23.1% Some College 19.6% by the largest local government in the nation, which employs High School Graduate 20.4% Some College + 36.9% 100,000 people and administrates a $26.9 billion budget in 2015. The county is home to the biggest players in the entertainment industry, with six major film studios (Columbia Tri-Star Motion, ETHNIC COMPOSITION Dream Works, Paramount Pictures, Sony Pictures Entertainment, Walt Disney Co and Warner Bros Studio) housed within its borders.

The Ports of Long Beach and Los Angeles--the busiest ports in the nation and the fourth largest by trade volume—contribute to

the county's prominent manufacturing and international trade. 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA In 2014, the Los Angeles County Economic Development WHITE OTHER ASIAN BLACK OR Corporation (LAEDC) reported that the value of two-way trade AFRICAN increased to a new record high of $416.6 billion, with China, Japan, AMERICAN South Korea, Taiwan and Vietnam listed as its top trade partners. LIFE DYNAMIC OF LOS ANGELES 17 COUNTY RESIDENTS 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA AIRPORTS

The county’s main airport, Los Angeles International Airport (LAX), is the sixth largest airport in the US. In 2014, LAX served approximately 70.6 million passengers and handled over 2 million tons of air cargo valued at over $91.6 billion. It ranks fifth nationwide in air cargo tonnage processed. The county’s other commercial airports are Long Beach Municipal Airport, Bob Hope Airport (Burbank), Ontario International Airport, and Palmdale Regional Airport.

SEAPORTS 18 The Ports of Los Angeles and Long Beach play major roles in the nation’s trade industry. The Port of Los Angeles features 24 passenger and cargo terminals and is responsible for billions of dollars in cargo annually. The Port of Long Beach is the second busiest port in the US and its cargo is valued at $180 billion annually, handling a quarter of all cargo moving through west coast ports, and nearly 20% of all cargo nationwide.

TRANSPORTATION TRAIN STATIONS

Located in Downtown Los Angeles, Union Station is the principal railway station in Los Angeles County. It is the largest railroad The Los Angeles County Metropolitan passenger terminal in the Western US and serves as the regional train station for Amtrak, Metrolink, and Metro Rail. Additionally, Transportation Authority, or Metro, is the Los Angeles is a major freight rail hub due to the high volume of imported freight entering through the county’s ports. county agency which plans and coordinates transportation as well as designs, builds, and FREEWAYS operates transportation networks throughout the area. It is primarily known for its Metro Los Angeles is served by one of the most extensive freeway networks in the United States, due to the county’s major military Rail, Metrolink, and Metro Liner (bus) transit presence during World War II and the rapid suburban expansion thereafter. Primary Interstate freeways include the I-10, I-5, I-405, systems which serve LA County and extend I-210, I-605, I-710 and U.S. Route 101; primary local freeways include the 170, 134, 110, 91, 90, and 60. into other areas of California. PUBLIC TRANSPORTATION

The primary regional public transportation agency is the Los Angeles County Metropolitan Transportation Authority (LACMTA), commonly referred to as Metro or MTA. The agency, which operates bus, light rail and subway services, averages 1.45 million transit trips per weekday, making it the third largest transit agency in the United States. Several municipal bus systems run throughout the county. 3255 CAHUENGA BOULEVARD WEST, LOS ANGELES, CA 90068 | CHARLES DUNN COMPANY ANGELES, CA LOS WEST, BOULEVARD 3255 CAHUENGA

LACMTA’s Metro Rail has 73 miles of rail and is the fastest-growing transit system in Los Angeles. Ranked by daily ridership, the Los Angeles subway is the ninth-busiest rapid transit system in the United States. Its current projects include the expansion of the Purple line from Mid-Wilshire to Westwood, and the Expo Line from Culver City to Santa Monica. CAHUENGA BOULEVARD WEST LOS ANGELES, CA 90068

Stacy Vierheilig-Fraser Senior Managing Director Lic. # 00986794

[email protected] Direct 818.455.8201 Office 818.455.8200

These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by the Charles Dunn Company or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including zoning, land use limitations and square footage calculations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice.