1122 VINE STREET hollywood,ca prime redevelopment opportunity in the heart of hollywood

ADAM TISCHER Senior Vice President License No. 01766213 [email protected]

MICK MOODY Associate License No. 01972547 [email protected]

MARK TARCZYNSKI Executive Vice President License No. 01020868 [email protected] CONFIDENTIALITY AGREEMENT

Colliers International Greater Los Angeles, Inc., a Delaware Corporation, dba Colliers Registered Potential Purchaser shall not make any Informational Materials available to, or disclose International (COLLIERS) has been retained by GSA Group, LLC, (Owner) on an exclusive any of the contents thereof, or discuss any transaction involving the Property with any person other basis to act as agent with respect to the potential sale of approximately 20,156 square foot than the Registered Potential Purchaser, unless COLLIERS and Owner have approved, in writing, such building sitting on 42,505 square feet of land located in the County of Los Angeles, California disclosure provided, however, that the Informational Materials may be disclosed to the Registered at 1122 Vine Street aka 6226 Banner Avenue, in the city of Los Angeles, California and as Potential Purchaser’s partners, employees, legal counsel and institutional lenders (Related Parties) described herein with all improvements now or hereafter made on or to the real property who, in the Registered Potential Purchaser’s judgment, need to know such information for the (collectively, the “Property”). Owner has directed that all inquiries and communications with purpose of evaluating the potential purchase of the Property or any interest therein by the Registered respect to the contemplated sale of the Property be directed to COLLIERS. Potential Purchaser.

COLLIERS has available for review certain information concerning the Property which may The Registered Potential Purchaser and such Related Parties shall be informed by COLLIERS of the include brochures, operating statements, financial information and other materials (collectively confidential nature of the Informational Materials and must agree to keep all Information Materials Informational Materials). COLLIERS will not make such Informational Material available to a strictly confidential in accordance to the agreement. The Registered Potential Purchaser understands potential Purchaser until the potential Purchaser has executed a Confidentiality Agreement and acknowledges that COLLIERS and the Owner do not make any representation or warranty as and, thereby, becomes a Registered Potential Purchaser and agrees to be bound by its terms. to the accuracy or completeness of the Informational Materials and that the information used in the Upon receipt of this Offering Memorandum, you further agree to be bound by the terms set preparation of the Informational Materials was furnished to COLLIERS by others and has not been forth herein. COLLIERS is prepared to provide the Informational Materials for the reader of independently verified by COLLIERS or Owner and is not guaranteed as to completeness of accuracy. this Offering Memorandum, or Registered Potential Purchaser’s consideration in connection The potential Purchaser agrees that neither COLLIERS nor the Owner shall have any liability, for with the possible purchase of the Property subject to the following conditions: any reason, to the Registered Potential Purchaser or Related Parties resulting from the use of the Informational Materials. All Informational Materials relating to the Property, which may be furnished to the Registered Potential Purchaser by Owner or COLLIERS shall continue to be the property of the Owner The Registered Potential Purchaser hereby indemnifies and saves harmless COLLIERS and the Owner and COLLIERS. The Informational Materials will be used by the Registered Potential Purchaser and their respective affiliates and successors, and assigns against and from any loss, liability or and may not be copied or duplicated without COLLIERS’s and Owner’s written consent and expense, including attorney’s fees, arising out of any (1) breach of any of the terms of the Agreement must be returned to COLLIERS or Owner immediately upon COLLIERS’s request or when the by the Registered Potential Purchaser or any Related Party, and (2) claim or claims by Registered Registered Potential Purchaser declines to make an offer for the Property or terminates any Potential Purchaser or any of their representatives for commissions, fees and other compensation for discussion or negotiations with respect to the Property. the sale or proposed sale of the Property to the Registered potential Purchaser. Registered Potential Purchaser will be responsible for any and all commissions, fees and other compensation to be paid to the Registered Potential Purchaser’s Broker. 1122 VINE STREET hollywood,ca

SECTION 1 EXECUTIVE SUMMARY 4

SECTION 2 PROPERTY DESCRIPTION 6

SECTION 3 DEVELOPMENT OPPORTUNITY 12

SECTION 4 HOLLYWOOD MARKET OVERVIEW 18 EXECUTIVE SUMMARY SECTION 1

THE OFFERING PROPERTY TOURS Colliers International has been exclusively retained to market 1122 Vine Street Prospective purchasers are required to contact Colliers to arrange a specific located in the heart of the entertainment capital, Hollywood, CA. In this offering time to tour 1122 Vine Street. The registered potential purchaser acknowledges we will present a unique opportunity to acquire a 20,156 square foot stand- that the property has been offered for sale, subject to withdrawal from the alone office buidling sitting on approximately 42,500 square feet of development market, change of offering price, prior sale, or rejection of any offer due to the land with a steady income already in place. The subject property is located less terms thereof, lack of satisfactory credit references, or for any other reason, than a mile from the coveted Sunset/Vine and Hollywood/Vine amenities. whatsoever, without notice. The registered potential purchaser acknowledges that the property is being offered without regard to race, creed, sex, religion, or nation origin. The owner is an intended third party beneficiary of the terms of this agreement.

THE OFFERING PROCEDURE OFFER SUBMISSION

The Registered Potential Purchaser acknowledges that the Property has been Prospective purchasers are to submit offers to Colliers at the address below: offered for sale, subject to withdrawal from the market, change in offering For land redevelopment: For office owner/user sale: price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective Purchaser or for any other ADAM TISCHER NATHAN PELLOW reason, whatsoever, without notice. Senior Vice President Executive Vice President License No. 01766213 License No. 01215721 Registered Prospective Purchasers and their brokers (if any) will be bound by [email protected] [email protected] the terms of the executed Confidentiality Agreement, which were agreed to MICK MOODY PATRICK MOODY prior to the distribution of this information and the Disclaimer contained herein. Associate Associate License No. 01972547 License No. 02024230 Since the ability to close the transaction according to the terms of the purchase [email protected] [email protected] will be of paramount importance to Owner, inclusion of Prospective Purchaser’s past property acquisition history, and financial statements identifying the MARK TARCZYNSKI source of funds for the Property’s purchase, would greatly aid the Owner in Executive Vice President License No. 01020868 evaluating the Prospective Purchaser’s offer. Owner will select the Prospective [email protected] Purchaser it deems most qualified and Prospective Purchaser will immediately be provided a draft Purchase and Sale Agreement for its review and execution.

4 COLLIERS INTERNATIONAL INVESTMENT HIGHLIGHTS

>> Investor, developer, or user opportunity

>> Walking distance to Hollywood amenities

>> Transit-Oriented Communities (TOC)

>> Located less than a mile from the famous Sunset/Vine & Hollywood/ Vine intersections

>> Access to both freeway and bus lines

>> Corner positioning and high exposure signage opportunity on Vine Street

>> Many developments occuring in the immediate area

1122 VINE STREET 5 PROPERTY DESCRIPTION SECTION 2

PROPERTY OVERVIEW

1122 Vine Street, Los Angeles, CA 90038 Address: aka 6226 Banner Avenue

APN: 5534-005-024

Building Size: ±20,156 SF

Year Built: 2005

Stories: 1

Lot Size: ±42,505 SF / 0.98 Acres

Parking: Gated parking lot with 40 surface spaces 1.98/1,000

Zoning: LARD1.5 & LAC2

Current Tenant: Social Security Administration (GSA)

Lease Exp. Date: January 2020

Current Rent: $4.58 PSF / $89,540 per month

Walk Score: 89 (Very Walkable)

Transit Score: 62 (Good Transit)

Bike Score: 76 (Very Bikeable)

6 COLLIERS INTERNATIONAL SITE OVERVIEW CHARACTERISTICS

BANNER AVE.

>> Large corner lot

>> Abundant on-site parking

>> Vine Street address

VINE ST. >> Modern construction

EL CENTRO AVE. >> Easily accessible from the 101 Freeway

SANTA MONICA BLVD.

BANNER AVE. VINE ST.

1122 VINE STREET 7 EXTERIOR & INTERIOR PHOTOS

8 COLLIERS INTERNATIONAL 1122 VINE STREET 9 ZONING OVERVIEW

Hollywood development is governed by City of Los Angeles policies and statutes. The dual-zoned TRANSIT-ORIENTED DEVELOPMENT: property at 1122 Vine Street, split between commercial and residential zoning, must also adhere to Situated within a mile of the Hollywood/Vine Station for the L.A. Metro Red and Purple Lines and even the Hollywood Community Plan, first adopted by the city in 1988 and reinstated in 2014. better proximity to rapid- and regular-service bus lines, the property at 1122 Vine Street qualifies for a “Transit-Oriented Community” (TOC) designation. Designated a “Tier 2” TOC, the property qualifies for the USES PERMITTED BY-RIGHT: below incentives: A “C2” zoning designation for the western end of the property, totaling approximately 17,500 square - 60% increase in maximum permitted number of dwelling units (35% in restricted “RD” zone) feet, permits for uses allowed in the commercial zone. Such uses include but are not limited to: retail, hotel, office, general business, hospitals, restaurants, theaters, parks, playgrounds, broadcasting - 45% increase in FAR or at least 3.25:1 FAR, whichever is greater (limited to 45% in “RD” zone) studios, auto sales, schools, etc. Single- and multifamily dwellings are also permitted in the “R4 - Reduced parking requirements for residential units, not to exceed 1 space per unit Multiple Dwelling Zone,” provided all regulations of the aforementioned commercial zone are met. - 20% reduction in nonresidential parking requirement - 30% reduction in required depth or width The eastern end of the property, totaling nearly 25,000 square feet, is designated “RD1.5” or a “Restricted Density Multiple Dwelling Zone.” The residential zone permits for single- and multifamily Such incentives require Tier 2 TOC developments incorporate into the unit mix either: dwellings with limited height allowances. - 9% extremely low-income households; - 12% very low-income households; or According to The Zoning Administrator’s letter dated 4/24/2003 The City will permit the continued maintenance and use of the surface parking and commercial use on the residentially-zoned portion - 21% lower income households. of the project site (i.e. Lots Nos. 17-20 of the above described property) once the U.S. General Services Administration vacates the property. HEIGHT AND DENSITY: An underlying designation of “C2-1D” for a portion of the site, considered a “Highway Oriented Commercial” PARKING REQUIREMENTS: zone within the Hollywood Community Plan, allows by-right density based on the Los Angeles Municipal Requirements for office developments larger than 7,500 square feet mandate one space per 1,000 Code’s definition of floor area ratio. The “1D” designation limits the western portion of the site to a by-right square feet. Requirements for hotel developments mandate one parking space for each of the first density of 1.5:1 FAR. Meanwhile, the designation of “RD1.5-1XL” for the eastern portion of the site limits by- 30 guestrooms, half a space for each of the next 30 guestrooms and a third of a space for any right development to 30 feet, two stories or a 3:1 FAR. remaining guestrooms. Requirements for residential uses mandate one parking space per unit, up to and including three habitable rooms, or 1.5 spaces for larger units. Projects that incorporate affordable housing may be eligible for parking reductions.

10 COLLIERS INTERNATIONAL AFFORDABLE HOUSING LINKAGE FEE: The Affordable Housing Linkage Fee Ordinance (AHLF), recently passed to finance the demand for Notable deductions and credits: affordable housing in Los Angeles, would require a developer to pay a fee in lieu of providing affordable - Fee may be reduced by amount previously paid or expected if a development project is the housing within a project. These fees, which are divided between residential and nonresidential uses, result of a change in use from commercial or industrial to residential. For example, the fee for a differ from one area to the next. Hollywood is considered a “High Market” for nonresidential uses, with Hollywood conversion from commercial ($5/SF) to residential ($12/SF) would total only $7/SF. a fee of $5 per square foot, and a “Medium High Market” for residential uses, with a fee of $12 per - Mixed-use buildings may exclude 15,000 square feet of nonresidential use from the floor area square foot. As of December 2017, these fees were expected to be phased out incrementally over an calculation used to determine the fee. 18-month period. - Floor area gained via provision of a public benefit payment (i.e. TFAR) may be excluded from the calculation used to determine the fee. Incremental implementation: * Please refer to the Affordable Housing Linkage Fee Ordinance via hcidla.lacity.org for more information. - No fee for projects submitted before May 13, 2018 - 1/3 fee for projects submitted between May 14, 2018 and December 13, 2018 - 2/3 fee for projects submitted between December 14, 2018 and May 11, 2019 - Full fee for projects submitted on or after May 12, 2019

1122 VINE STREET 11 DEVELOPMENT OPPORTUNITY SECTION 3 DEVELOPMENT PIPELINE 7 6 8 Estimated Number Address Developer SF 3 4 Completion of Units 7 42 37 39 UNDER CONSTRUCTION 21 20 14 1 1311 N Cahuenga Blvd Cal Coast Development Corp. 240,000 2019 369 13 3 10 12 5842 Carlton Way - 24,498 2019 21 11 18 2 41 3 1846 N Cherokee Ave The Madison Group 17,500 2019 20 19 2 5 20 18 1338 Gordon St Chandler Pratt & Partners 50,000 2018 44 29 4 17 1 5 733-743 N Gramercy Pl Ketter Construction 26,000 2018 11 16 35 32 31 11 6 1840 N Highland Ave LRA Property Management 95,000 2018 118 36 33 34 13 12 16 7 1751 N Las Palmas Ave - 26,000 2018 24 15 30 8 753 Lillian Way - 8,000 2018 8 38 6 17 9 1119 N McCadden Pl Los Angeles LGBT Center 100,000 2019 135 4 1 14 10 6677 W Santa Monica Blvd DS Ventures LLC 628,800 2019 695 11 5925-5939 W Sunset Blvd CIM Group LP 263,000 2018 305 15 9 12 6200 W Sunset Blvd The Hanover Company 243,315 2018 270 13 6250 W Sunset Blvd Essex Property Trust, Inc. 150,084 2019 200 2 9 14 1310 Tamarind Ave Strategic Legacy Investment Group 35,000 2019 32 28 10 27 15 1432-1436 Tamarind Ave Strategic Legacy Investment Group 30,000 2019 21 16 1446 Tamarind Ave - 40,000 2018 44 17 1335 N Vine St Kilroy Realty Corporation 215,799 2019 250 18 6200 Hollywood Blvd The Clarett Group 487,350 2018 513 19 19 904 N La Brea Ave CIM Group LP 143,707 2018 169 40 23 20 6775 Selma Ave Mill Creek Residential Trust LLC 147,834 2019 248 8 UNDER CONSTRUCTION: 3,497 5 22 26 25 24

12 COLLIERS INTERNATIONAL Estimated Number Estimated Number Address Developer SF Address Developer SF Completion of Units Completion of Units PROPOSED 1 1546 N Argyle Ave Mill Creek Residential Trust LLC 280,000 2023 276 22 723 Lillian Way - 5,600 2019 7 2 1130 N Beachwood Dr - 15,000 2019 15 23 836 N Mccadden Pl The 4Corners Group 10,000 2018 4 3 1715 N Bronson Ave Pristine Properties LLC 79,161 2020 86 24 5570 Melrose Ave Crescent Capital Partners 43,078 2019 54 4 1826 Canyon Dr ROM Investments, Inc. 6,000 2019 5 25 6535 W Melrose Ave Hakim Holdings, LLC 22,000 2019 19 5 5717 W Carlton Way Tov Equities Llc 15,000 2019 20 26 7000 W Melrose Ave Tiger West Capital LLC 67,000 2020 40 6 5627 Fernwood Ave PATH Ventures 36,568 2019 60 27 5601-5667 Santa Monica Blvd CIM Group LP 900,000 2020 375 7 6561 Franklin Ave - 7,338 2019 8 28 6901 Santa Monica Blvd Onni Group 218,316 2020 231 8 6550 W Franklin Ave Thomas Safran & Associates 53,370 2019 68 29 6675 Selma Ave Harridge Development 65,000 2022 78 9 1233 N Highland Ave - 82,830 2020 72 30 1375 St. Andrews Pl Future Land International LLC 192,273 2019 185 10 5750 Hollywood Blvd Cambra Realty 272,229 2020 161 31 6007 Sunset Blvd - 45,000 2019 63 11 6436 Hollywood Blvd LeFrak 278,892 2021 260 32 6215 Sunset Blvd Crescent Heights 600,000 2021 731 12 5600 W Hollywood Blvd CFF Construction Corp. 35,000 2019 32 33 6630 Sunset Blvd A.J. Khair Construction 40,000 2020 35 13 6100 W Hollywood Blvd The Hanover Company 198,720 2023 220 34 6400 W Sunset Blvd Goldstein Planting Investments 245,000 2021 232 14 1743-1747 Hudson Ave - 24,000 2019 24 35 6665-6713 W Sunset Blvd Harridge Development 369,000 2022 489 15 5608 W LA Mirada Ave - 10,000 2020 13 36 6701 W Sunset Blvd - 150,000 2020 100 16 1501-1573 N Las Palmas Ave Harridge Development 219,000 2022 190 37 1769 N Sycamore Ave The Roberts Companies 65,000 2020 65 17 1501-1573 N Las Palmas Ave Harridge Development 64,500 2022 70 38 1360 Vine St Onni Group 475,433 2021 429 18 1555 N Las Palmas Ave Harridge Development 134,000 2022 123 39 1750 Vine St Millennium Partners Mgmt, LLC 485,000 2024 1005 19 1601-1647 N Las Palmas Ave R.W. Selby & Company, Inc. 92,000 2020 86 40 846-850 Wilcox Ave Wiseman Development, Inc. 25,000 2020 23 20 1718 N Las Palmas Ave Champion Real Estate Company 169,531 2019 224 41 1637 N Wilcox Ave Thomas Safran & Associates 85,000 2020 72 21 1749 N Las Palmas Ave Denley Investment & Management Co. 75,000 2019 70 42 6220 Yucca St Champion Real Estate Company 243,085 2020 210 PROPOSED: 6,530

1122 VINE STREET 13 LAND SALE COMPS

8 1 7

9

5

4 10

6

2 3

LAND - SALES COMPS # ADDRESS BUYER ZONING SALE DATE LAND SF SALE PRICE PSF (LAND) 1122 Vine Street N/A LARD1.5, LAC2 N/A 42,505 N/A N/A 1 5607 Carlton Way N/A R4 6/19/2018 17,184 $6,250,000 $364 2 5570 Melrose Ave Crescent Capital Partners R3, C2 4/12/2018 18,722 $7,000,000 $374 3 4918-4920 Melrose Pan-Brothers Assoc. C2 3/5/2018 13,491 $4,500,000 $334 4 7424-7426 Santa Monica Blvd Craig Knight WDC2A 2/9/2018 12,494 $5,100,000 $408 5 5817-5823 Lexington Ave 4D Development R3 12/30/2017 15,000 $3,600,000 $240 6 911 N. Orange Drive CIM Group MR1 12/20/2017 29,714 $15,500,000 $522 7 4900 Hollywood Blvd LaTerra Development C2, RD1.5(entitled) 11/7/2017 66,802 $21,750,000 $326 8 4773 Hollywood Blvd Pacer Communities C2, RD1.5 11/2/2017 28,493 $7,000,000 $246 9 6254-6262 De Longpre Ave Onni C4, C2, R4, R3 6/2/2017 89,526 $40,000,000 $447 10 1040 N. La Brea Ave 1040 La Brea LA LLC WDC2A 3/31/2017 19,179 $7,750,000 $404 Average PSF: $366.29

14 COLLIERS INTERNATIONAL MULTIFAMILY RENTAL OVERVIEW

Widely known as the glamorous and historic home of the film industry, Though multifamily markets across Los Angeles are growing in response Hollywood is perhaps most recognized these days for its world-renown to a housing shortage in the region, Hollywood specifically is expecting theaters, multilevel shopping centers and a wealth of production studios. some of the greatest inventory growth in the city, behind only Downtown Crowds vying for a glimpse of celebrity form daily along the Walk of Fame Los Angeles. Furthermore, the market boasts one of the best occupancy and at the Hollywood & Highland Center, which sit at the neighborhood’s rates of any Los Angeles area with an average of 96.4% occupancy over core. But behind the scenes, residents of the prominent 3.5-mile the past five years. With more than 16 higher education institutions in neighborhood enjoy energetic walkable streets lined with eateries, galleries Hollywood, including many devoted to the arts, Hollywood is a market and an eclectic array of apartment communities, from small decades old flush with demand from student renters and young professionals. Such duplexes to shiny new residential towers with hundreds of units. robust demand has helped boost asking rents, which have grown by an average of 8.6% over the past three years and are forecasted to continue growing at the highest rate in Los Angeles for the next five years.

1122 VINE STREET 15 MULTIFAMILY RENTAL COMPS

HOLLYWOOD PROPER RESIDENCES THE CAMDEN 1550 North El Centro Avenue 1540 Vine Street Los Angeles, CA 90028 Hollywood, CA 90028

PROPERTY PROPERTY Year Built Units Year Built Units 2016 200 2016 287

AMENITIES & NOTES AMENITIES & NOTES Controlled Access, Fitness Center, Business Center, Clubhouse, Controlled Access, Fitness Center, Clubhouse, 1 Swimming Pool, 1 Swimming Pool, Rental Office - Stand Alone 1 Spa, Rental Office - Stand Alone Total Parking - 250 Spaces Total Parking - 750 Spaces Parking Type - Above Ground & Subterranean Parking Type - Above Ground & Subterranean

UNIT UNIT RENT UNIT UNIT RENT TYPE COUNT SIZE RENT PSF TYPE COUNT SIZE RENT PSF 9 752 - - 43 526 $2,488 $4.73 9 753 - - 21 585 $2,558 $4.37 9 795 $4,022 $5.06 Studio 5 590 $2,619 $4.44 9 797 - - 5 645 $2,911 $4.51 18 816 - - 4 744 $3,143 $4.22 1 Bed + 1 Bath 17 830 $4,776 $5.75 11 579 $2,804 $4.84 18 847 $5,028 $5.94 4 660 $3,016 $4.57 9 984 $4,827 $4.91 34 671 $2,935 $4.37 18 996 $5,229 $5.25 4 683 $3,116 $4.56 18 1,053 $5,430 $5.16 47 707 $3,167 $4.48 8 1.082 - - 1 Bed 10 719 $3,126 $4.35 9 1,204 - - 4 731 $2,935 $4.02 9 1,220 $5,861 $4.80 25 732 $2,945 $4.02 9 1,303 $6,705 $5.15 2 Bed + 1 3/4 Bath 1 843 $3,307 $3.92 9 1,307 - - 1 908 $3,398 $3.74 9 1,333 - - 3 1,092 $4,113 $3.77 9 1,402 - - 5 1,104 $4,228 $3.83 Penthouse 4 1,114 $4,438 $3.98 1 Bed + 2 1/2 Bath 1 2,281 $22,597 $9.91 3 1,115 $4,494 $4.03 3 Bed + 2 3/4 Bath 1 2,172 - - 5 1,131 $4,879 $4.31 2 Bed + 2 Bath 1 2,405 - - 15 1,133 $4,890 $4.32 3 Bed + 3 1/2 Bath 1 2,582 $28,167 $10.91 5 1,141 $4,622 $4.05 TOTAL/AVERAGE 200 1,028 $5,569 $5.53 10 1,189 $4,412 $3.71 8 1,191 $4,482 $3.76 10 1,207 $4,025 $3.33 TOTAL/AVERAGE 287 768 $3,254 $4.24

16 COLLIERS INTERNATIONAL THE LC METWEST ON SUNSET 710 North El Centro Avenue 5837 West Sunset Boulevard Los Angeles, CA 90028 Los Angeles, CA 90028

PROPERTY PROPERTY Year Built Units Year Built Units 2015 84 2016 79

AMENITIES & NOTES AMENITIES & NOTES Controlled Access, Fitness Center, Clubhouse, 1 Spa, Business Controlled Access, Fitness Center, Clubhouse, 1 Swimming Pool, Center, Media Room 1 Spa, Rental Office - Stand Alone Total Parking - 139 Spaces Total Parking - 217 Spaces Parking Type - Subterranean Parking Type - Above Ground & Subterranean

UNIT UNIT RENT TYPE UNIT UNIT RENT RENT TYPE COUNT SIZE RENT PSF COUNT SIZE PSF Studio 18 650 $2,537 $3.90 24 528 $2,014 $3.81 Studio 1 554 $2,042 $3.69 1 Bed 13 878 $3,041 $3.46 5 630 $2,488 $3.95

1 Bed/Den 1 1,195 $3,041 $2.89 1 602 $2,426 $4.03 2 Bed +1 Bath 2 957 $3,372 $3.52 2 647 $2,417 $3.74 1 Bed 1 665 $2,598 $3.91 2 Bed + 1 1/2 Bath 8 1,340 $4,303 $3.21 10 668 $2,465 $3.69 5 692 $2,540 $3.67 2 Bed + 2 Bath 37 1,052 $3,739 $3.55 4 904 $3,046 $3.37 9 940 $3,091 $3.29 2 Bed + 2 1/2 Bath 3 1,371 $4,353 $3.18 4 941 $3,623 $3.85 2 Bed + 2 Bath 3 Bed + 3 Bath 2 1,535 $4,600 $3.00 5 947 $3,567 $3.77 7 952 $3,664 $3.85 TOTAL/AVERAGE 84 989 $3,457 $3.50 1 953 $3,602 $3.78

TOTAL/AVERAGE 79 725 $2,678 $3.69

* Source: Yardi Matrix

1122 VINE STREET 17 HOLLYWOOD MARKET OVERVIEW SECTION 4 DEMOGRAPHICS

• 200% population increase between 2000 to 2015 • Median income = $77,752 • Median age = 40.2 RESIDENTIAL • 54% male and 46% female • 2,500 resident population prior to 2000, and an estimated population of 15,325 by 2022

• $4.8 billion invested and announced since 2000 • $2.2 billion in completed projects • $1 billion in projects under construction CONSTRUCTION • $1.6 billion in projects in the pipeline • 2 million SF of office space with 700k under construction, and 1.2 million in development • Office space in Hollywood will double by 2020

• 1.3 million riders annually on Hollywood/Highland Metro • 1 million riders annually on Hollywood/Vine metro • 6.1 million unique visitors annually TOURISM • 6,700 hotel rooms by 2020, and increase of over 49% from 2000 • Hotels have an average occupancy of 81.6% -- exceeding the county average by 5%

TRADE AREA • 44% are 18-34 years old • 40% report income between $50-150k per year DEMOGRAPHICS • 325,000 total population in trade area

• 16 post-secondary schools EDUCATION • Over 7,500 students * Source: 2017 Hollywood Property Owners Alliance (HPOA) 18 COLLIERS INTERNATIONAL HOLLYWOOD’S DEVELOPING TENANT BASE

COMPANY NAME SF COMPANY NAME SF Social Security Administration 20,156 27 Raleigh Studios 25,000 1 Netflix 323,272 28 Fender - Gower 24,710 2 Viacom Inc 169,325 29 Panavision 24,000 12 3 Technicolor USA, Inc 114,960 30 iO Film 23,808 17 8 4 WeWork 113,466 31 United States Postal Service 23,678

5 22 40 5 Trailer Park 103,000 32 Los Angeles County Mental Hlth 23,400 14 25 6 Nickelodeon 95,826 33 Pooch Hotel Inc 20,544 31 29 4 2 28 7 KTLA 94,205 34 Sae Institute-Tech Los Angeles 19,661 44 37 7 15 8 Capitol Records 92,391 35 Time Zone Entertainment 18,000 46 20 41 19 38 6 11 13 3 16 50 1 9 Academy of Motion Pictures 88,500 36 Will.I.Am Productions 17,842 30 10 SIM Group 87,124 37 Film L.A 17,785

9 11 NeueHouse 75,000 38 JPMorgan Chase Bank 16,882 24 39 12 Spaces 60,834 39 Examination Management Services 16,250 32 13 Buzzfeed Inc 42,184 40 Equinox Fitness 16,230

43 35 14 Los Angeles LGBT Center 40,800 41 The Party Staff, Inc. 16,100 42 34 26 15 Sunset Bronson Studios 40,755 42 Regen Projects 15,995 48 10 16 BLT COMMUNICATIONS, LLC 40,120 43 Efilm LLC 15,400 17 AMDA Inc 40,000 44 Oxford Road 14,935 33 21 23 18 18 Serendipity Labs 36,000 45 Otto Nemenz International, Inc. 14,808 45 19 Studio Instrument Rentals, Inc. 35,000 46 Native Instruments Inc 14,732 36 20 The L.A. Recording School 33,284 47 Here Be Dragons 13,363 21 Chrome Hearts 33,000 48 The Record Plant, Inc. 13,000 27 47 22 Touchstone Television 30,711 49 Royal Thai Consulate-General 13,000 49 23 Formosa Group 30,000 50 Tax Credit Co. 12,898 24 Encore Hollywood 29,046 25 Legend 3D 27,930 26 Pacific Title & Art Studio 26,000

1122 VINE STREET 19 3

LOCAL AMENITIES 4 5 9

HOTELS/RESIDENCES SCHOOLS 8 1 Hampton Inn & Suites 1 The Los Angeles Film School 1 2 Rodeway Inn 2 Stratford School 3 17 3 W Hollywood The Episcopal School of Los 14 12 3 2 4 13 4 Dream Hollywood Angeles 11 4 Gnomon School of Visual Effects 5 Hollywood Off Vine Apartments 15 6 The Micropolitan 5 Vine Street Elementary School 6 Larchmont Charter School 7 Broadstone Candara 3 Hubert Howe Bancroft Middle 8 The Camden Apartments 7 2 School 2 9 1600 VINE 1 UTILITIES FOOD/BAR/NIGHTLIFE 1 Mobil 1 Cactus Taquerias #1 8 2 76 2 Taco Bell 6 7 3 UPS Dropoff 3 The Three Clubs 5 4 Bank of America 4 Yoshinoya 2 5 Wells Fargo 5 Hunter and Charlie's 2 6 Office Depot 6 Buenos Tacos 1 7 Sassafras Saloon 10 1 3 ACTIVE DEVELOPMENT 8 El Pollo Loco 6 3 1 1 Rise Hollywood - 369 Units 9 Starbucks 2 1 16 2 The Academy - 250 Units 4 10 Nat's Thai Food 5 3 Onni's Hollywood Tower - 429 Units 11 Chipotle 6 4 12 Tender Greens STUDIOS/THEATERS 13 Denny's 1 The Complex Theaters Hollywood 14 Warwick 2 Arclight Hollywood 1 15 Le Jardin 5 3 Cinema Properties CP4 7 16 Black 4 Paramount Pictures 17 Sugarfish 5 Raleigh Studios 6 Sunset La Palmas Studios 6 PARKS & GREEN SPACE 1 Hollywood Recreation Center 2 2 De Longpre Park 6 7 9 3 4

5

20 COLLIERS INTERNATIONAL TRANSPORTATION

Hollywood is well connected to the Greater Los Angeles area via various modes of public transportation. The Los Angeles Metro service operates the Red Line light rail, as well as several local and rapid busway TRANSIT-ORIENTED DEVELOPMENT - TIER 2 1122 Vine Street is situated within a mile of the Hollywood/Vine Station for the L.A. Metro Red and routes that run through Hollywood. Meanwhile the Los Angeles Department of Transit also provides qualifies for a Tier 2 “Transit-Oriented Community” (TOC) designation. several local DASH routes that serve the area. metro.net Metro Rail & Busway EFFECTIVE JULY 1, 2017 LOS ANGELES METRO RAIL HODASHLLYWOOD | BUS LINES A PARTIR DEL 1 DE JULIO, 2017

New Hampshire Ave 170 ve Beachwood Dr Las Palmas A Immaculate Heart

B ve High School A

Senior Center ine St stop Franklin Ave C V T Chatsworth temporarily Amtrak & Metrolink

removed Argyle 07/19/17

ve Russell Ave Wilcox Capitol ve Nordhoff ve SAN FERNANDO VALLEY Lake Allen Sierra MadreArcadia VillaMonroviaDuarte/CityIrwindale of HopeAzusa DowntownAPU/Citrus College A Records T A Yucca St Roscoe Yucca St ve 101 Melbourne Ave

Memorial Park A okee

SAN GABRIEL VALLEY ve Sherman Way estern

Edgemont Ave

ve

Cahuenga Blvd

an Ness A

Del Mar Ivar T

W

Whitley St Wilton Pl

Hollywood Blvd V r Canoga De Soto Pierce CollegeTampa Reseda Balboa Woodley SepulvedaVan NuysWoodmanValley CollegeLaurel Canyon Che Prospect Ave North Hollywood Hollywood Frwy

Fillmore ve Universal City/Studio City ve Barnsdall

Los Angeles River ews

A ve Warner Ctr Crossroads Pantages A

A Park South Pasadena ve Hollywood/Highland o T of the Theater A Selma Ave d Blvd

World don St Barnsdall Ave

Hollywood/Vine Highland Park Kaiser Maubert

Las Palmas A A

1122 VINE ST. CBS Normandie

Go r

Hollywood/Western Hollywood Bronson Los Angeles

Serrano r Saint And T

Southwest Museum Argyle r

El Cent Sunset Blvd r CENTRAL LA High School Sunset Blvd Harva Medical Vermont/Sunset Center Childrens Heritage Sq Social Security T De Longpre Ave Hollywood Hospital Office Central Area Vermont/Santa Monica Lincoln/Cypress De Longpre Ave Le Conte Presbyterian Neighborhood Post Fernwood Ave Middle School Office Hospital DeLongpre City Hall Fountain Ave Vermont/Beverly Chinatown E

ve Park A PURPLE LINE EXTENSION Wilshire/WesternWilshire/Normandie Union Station Fountain Ave T Wilshire/Vermont Amtrak & Metrolink CivicGrandGrandGrandGrand Ctr/Civic Ctr/ParkParkParkPark Metrolink ve

LAX FlyAway ve

LAC+USC MedicalCal State Ctr LA El Monte Serrano A ve Lexington St

Westlake/MacArthur Park ve A

A Convalescent WESTSIDE REGIONAL ve

CONNECTOR A

7th St/Metro Ctr ve Center

d St ine St

Pico Pershing A V Square Soto ermont

LATTC/Ortho don St

V

Berendo St

an Ness A Institute LittleArts Tokyo/ Dist Indiana Atlantic Gower St

DOWNTOWN Maravilla V

Pico/Aliso Hollywood Bronson

Cole

Wilcox

Las Palmas A

Sewa r

Highland Santa Monica Blvd

Beachwood Dr r LA Go Mariachi Plaza Rail Station Rec Center 2 Grand/LATTC East LA Civic Ctr D

Transfer Hobart Blvd Downtown17th Santa St/SMC Monica26th St/BergamotExpo/BundyExpo/SepulvedaWestwood/RanchoPalms Culver Park CityLa Cienega/JeffersonExpo/La BreaFarmdaleExpo/CrenshawExpo/WesternExpo/VermontExpoPark/USC Cahuenga Blvd 1122 VINE ST. EASTSIDE Station BuswayStation * Source: LADOT - www.ladottransit.com 37th St/ San Pedro St USC Busway Street Service UNDER Jefferson/USC Washington CONSTRUCTION DASH Hollywood - Clockwise Commuter Express Routes 422 & 423 Slauson Vernon Route (Ruta en el Sentido de las Metro Rail Red Line Metro Rail Manecillas del Reloj) SOUTH LA River Angeles Los CRENSHAW/ Slauson Bus Stop (Parada de Autobús) LAX LINE Red Line North Hollywood to Union Station DASH Hollywood - Manchester Florence Multiple Route Stop Purple Line Counterclockwise Route (Ruta en Wilshire/Western to Union Station (Parada de Rutas Múltiples) Firestone Blue Line el Sentido Opuesto de las Downtown LA to Long Beach Expo Line Manecillas del Reloj) Points of Interest (Puntos de Interés) 103rd St/ Downtown LA to Santa Monica Watts Towers Green Line DASH Hollywood/Wilshire Route A Time Point (Punto Clave de Horario) Willowbrook/ Redondo Beach to Norwalk LAX Shuttle G Rosa Parks Aviation/LAXHawthorne/LennoxCrenshawVermont/Athens Harbor FwyAvalon Long Beach LakewoodBl NorwalkBl Gold Line LAX East Los Angeles to Azusa DASH Los Feliz Route Transfer Point (Punto de Transbordo) T City of Los Angeles Metro Busway Mariposa Rosecrans Compton DASH Beachwood Canyon Route Metro Rail Station & Entrance Department of Transportation Orange Line Chatsworth to North Hollywood (Estación y Entrada de Metro) El Segundo Harbor Artesia (213, 310, 323 or/o 818) 808-2273 Gateway Silver Line Transit Ctr GATEWAY CITIES San Pedro to El Monte www.ladottransit.com Del Amo Street Service in Downtown LA Douglas and San Pedro

Carson Wardlow Redondo Beach Regional Rail

Willow St Amtrak SOUTH BAY amtrak.com Metrolink Pacific Pacific Coast Hwy metrolinktrains.com Coast Hwy Anaheim St Airport Shuttle

LAX FlyAway Pacific 5th St lawa.org/flyaway Av LAX Shuttle (free) * Source: Metro.net lawa.org San Pedro Downtown 1st St Long Beach 1122 VINE STREET 21 OCTMAY 2016 2016 SubjectSubject to to Change 17-0753 ©2016 LACMTA ©2016 17-0753 1122 VINE STREET hollywood,ca

ADAM TISCHER MICK MOODY MARK TARCZYNSKI COLLIERS INTERNATIONAL Senior Vice President Associate Executive Vice President 865 South Figueroa Street License No. 01766213 License No. 01972547 License No. 01020868 Suite 3500 [email protected] [email protected] [email protected] Los Angeles, CA 90017