Sec Wilshire Blvd. and Barrington Ave

WESTSIDE LOS ANGELES MIXED-USE DEVELOPMENT OPPORTUNITY SUITABLE FOR RESIDENTIAL, SENIOR HOUSING, HOSPITALITY, OFFICE AND RETAIL ±188,000 F.A.R. SQUARE FEET UTILIZING TOC TIER 3 BENEFITS : NO HEIGHT LIMIT BY RIGHT

PACIFIC OCEAN Los Angeles International Airport

SANTA MONICA

S BARRINGTON AVE BRENTWOOD WILSHIRE BLVD 11680 SITE WILSHIRE BLVD.

SEC WILSHIRE BLVD. AND BARRINGTON AVE.

LAURIE LUSTIG-BOWER KADIE PRESLEY WILSON Executive Vice President First Vice President Lic. 00979360 Lic. 01476551 +1 310 550 2556 +1 310 550 2575 [email protected] [email protected]

OFFER DUE DATE: Thursday, July 1, 2021 by 5:00 PM WWW.11680WILSHIRE.COM 2 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

MALIBU

PACIFIC OCEAN WHOLE FOODS MARKET SANTA MONICA PACIFIC PALASADES

SAN VICENTE BLVD BRENTWOOD

The Palace Seafood

WILSHIRE BLVD 11680 SITE WILSHIRE BLVD.

S BARRINGTON AVE

© 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. 3 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

LAX

SILICON BEACH CULVER CITY MARINA DEL REY

SANTA MONICA PROPOSED WHOLE AIRPORT FOODS WEST LOS ANGELES MARKET

SANTA MONICA BLVD

S BARRINGTON AVE

FEDERAL AVE

BARRY AVE 11680 WILSHIRE BLVD. BANDERA

SITE

WILSHIRE BLVD

The Palace Seafood 4 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

BEVERLY HILLS CENTURY CITY DOWNTOWN LOS ANGELES

WHOLE FOODS MARKET

WESTWOOD

WILSHIRE BLVD WEST LOS ANGELES WILSHIRE/VA HOSPITAL METRO STATION (2027 EXPECTED OPENING) BRENTWOOD THEATRE FEDERAL AVE

WILSHIRE BLVD

BARRY AVE 11680 WILSHIRE BLVD.

BRENTWOOD SITE

BANDERA S BARRINGTON AVE 5 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

LAX MARINA DEL REY PACIFIC OCEAN

SILICON BEACH SANTA MONICA SANTA MONICA AIRPORT

S BARRINGTON AVE

BARRY AVE 11680 WILSHIRE BLVD. The Palace Seafood

WILSHIRE BLVD

SITE

BRENTWOOD WHOLE FOODS MARKET

11680 WILSHIRE BLVD. EXECUTIVE RENT AND SALES AREA SUMMARY COMPARABLES OVERVIEW 1 2 3

LAURIE LUSTIG-BOWER KADIE PRESLEY WILSON Executive Vice President First Vice President Lic. 00979360 Lic. 01476551

+1 310 550 2556 +1 310 550 2575 [email protected] [email protected]

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

Layout ID:L04 MapId:7781801 WWW.11680WILSHIRE.COM 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025 1 EXECUTIVE SUMMARY 9 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025 THE OFFERING

CBRE, Inc., as exclusive advisor, is pleased to present a high profile, mixed-use development site at the southeast corner of Wilshire Boulevard and Barrington Avenue in the highly coveted Brentwood submarket. This dynamic, pedestrian-friendly site is zoned [Q]C2-2-CDO “General Commercial” and is not restricted to a height limit. Utilizing Los Angeles’ Transit Oriented Communities (TOC) ordinance, 11680 Wilshire Boulevard, as a TOC Tier 3 property, is suitable for the development of approximately ±188,000 floor area ratio (FAR) square feet. The TOC Tier 3 benefits also make 11680 Wilshire Boulevard eligible for the development of up to ±97 residential units. Additionally, the property’s zoning allows for a variety of development possibilities “by right.” It may be developed for residential, senior housing, retail, hotel, office or any combination of these product types. With all of the options, some ground floor retail would be required.

Located on Wilshire Boulevard, approximately 3.5 miles from the Pacific Ocean, this development opportunity is an almost half acre site with excellent visibility on one of Los Angeles’ most prominent thoroughfares. The prime location adjoins some of Los Angeles’ most sought after sub-markets. Situated west of the 405 freeway with a coveted Wilshire Boulevard address, the property is at the southern gateway to Brentwood, an affluent neighborhood, home to some of the most expensive residences, as well as the chicest restaurants and shops in Los Angeles’ Westside.

The City of Santa Monica lies just blocks to the west of the subject site and offers a plethora of retail and cultural amenities, and is an employment hub for nearly 290,000 daytime employees. Due east of the subject property is Westwood, home to UCLA and the numerous retail shops comprising Westwood Village.

In 2027 the Los Angeles Metro Rail is expected to begin rail service operations at the Westwood/VA Hospital Purple Line Metro Station. Located half a mile from 11680 Wilshire Boulevard, the Purple Line will offer a dependable alternative for commuters traveling between Downtown Los Angeles, Beverly Hills, Century City and Westwood/ UCLA. The Expo Line Station at Bundy is approximately 1.6 miles from 11680 Wilshire and connects Santa Monica Beach with Culver City, USC and Downtown Los Angeles.

11680 Wilshire Boulevard is offered on an UNPRICED basis. CONCEPTUAL RENDERING Offers are due Thursday, July 1, 2021 by 5:00 PM www.11680Wilshire.com 10 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

Proximity to the major Los Angeles employments hubs of West Los Angeles, Santa Monica, INVESTMENT Silicon Beach (Santa Monica, Venice, Marina del Rey, Playa del Rey & Playa Vista), Century HIGHLIGHTS City, Beverly Hills, Culver City, South Bay and Downtown Los Angeles TOC Tier 3 Site Short walk to numerous Minutes to Santa Easy access to Almost 9:1 FAR Brentwood shops and Monica, Westwood, the 405 and No Height Limit restaurants on San Century City and 10 Freeways by right Vicente Boulevard Beverly Hills

PACIFIC OCEAN SILICON BEACH VENICE

SANTA MONICA

S BARRINGTON AVE BRENTWOOD

The Palace Seafood

WILSHIRE BLVD

11680 WILSHIRE BLVD. SITE 11 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

PROPERTY SUMMARY

11680 Wilshire Boulevard Los Property Address Angeles, CA 90025

APN 4263-011-036

± 20,970 SF Lot Area ± 0.48 Acres ±94 Feet along Wilshire Blvd Frontage ±161 Feet along Barrington Ave [Q]C2-2-CDO Zoning General Commercial

Entitled No

Transit Oriented Community TOC-Tier 3

City Council District CD 11 – Mike Bonin

POTENTIAL DEVELOPMENT SCENARIO FOR RESIDENTIAL AND RETAIL

BASE FAR BY RIGHT: EST. TOTAL RESIDENTIAL Q CONDITION: 6:1 UNITS (BASE): Off-Site Signs, Pole Signs, Mural Signs, and Supergraphic Displays, as Market Rate: ±55 defined in the Los Angeles Municipal Code, are prohibited. However, it FAR (UTILIZING TOC TIER 3 should be noted that there is already an existing pole sign located on the BENEFITS): EST. TOTAL UNITS property. Almost 9:1 (UTILIZING TOC TIER 3 BENEFITS): CDO: APPROXIMATE F.A.R. SF Total Units: ±97 The West Wilshire Boulevard Community Design Overlay provides (UTILIZING TOC TIER 3 Market Rate: ±87 guidance and direction in the design of buildings and storefronts that will BENEFITS): Very Low Income: ±10 enhance the appearance of the street. Its guidelines and standards offer ±188,000 SF direction for infill development, addressing such concerns as site planning, HEIGHT LIMIT: pedestrian-oriented building design, location and design of parking Unlimited, by right structures and surface parking, landscaping, and signage.

For more information about the Q Condition and the CDO please visit: http://cityplanning.lacity.org/complan/othrplan/oparea/wwilshirecdo_candq. htm 12 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

ELDERCARE ORDINANCE AND TRANSIT ORIENTED COMMUNITIES GUIDELINES

ELDERCARE ORDINANCE: TRANSIT ORIENTED COMMUNITIES GUIDELINES: The City of Los Angeles has enacted an ordinance that outlines The planning department of the City of Los Angeles has development standards and creates a more defined process for developed guidelines based upon the passage of Measure JJJ applications for projects that include Alzheimer’s/Dementia Care in November of 2016. The Transit Oriented Communities (TOC) Housing, Assisted Living Care Housing and Senior Independent program is designed to increase affordable housing by providing Housing. The Eldercare Ordinance, among other things, defines incentives. Based upon the accessibility to public transit, a the reduced parking requirements for and process to get relief property may fall within an “Affordable Housing Incentive from the use, area or height provisions of the underlying zoning Area Tier” providing additional Residential Density and Floor for the property. As a result, a “blank slate” for the development Area, among other potential incentives for the construction of envelope exists allowing for increased density and floor area on affordable housing. 11680 Wilshire Boulevard qualifies for Tier 3 the property. incentives, allowing for up to 70% additional dwelling units and up to 45% increase in Floor Area in exchange for 10% of total units being restricted, affordable units. 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025 2 RENT AND SALES COMPARABLES 14 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

SOLD CONDOMINIUM COMPARABLES Criteria: Select condominium sales located in the general area from Brentwood to Century City, sold for $1,150/SF or more, January 1, 2020 to February 5, 2021 Souce: TheMLS; sorted by price per square foot

Address Zip Bed Bath SF Sale Price $/SF Year Blt Sale Date MLS 2025 Avenue of the Stars #1602 90067 2 3 1,717 $4,775,000 $2,781 1965 12/01/20 19-501392 2025 Avenue of the Stars #1609 90067 2 3 1,913 $5,100,000 $2,666 1965 12/15/20 18-411538 1200 Club View Dr #1600 90024 3 4 4,158 $9,400,000 $2,261 2009 01/10/20 19-479336 1 W Century Dr#28A 90067 3 5 4,450 $9,650,000 $2,169 2010 03/24/20 19-521908 2025 Avenue of the Stars #204 90067 1 2 1,330 $2,850,000 $2,143 1965 01/29/21 19-534966 1200 Club View Dr #901 90024 3 4 3,813 $6,300,000 $1,652 2009 10/13/20 19-481338 10776 Wilshire Blvd #1102 90024 3 5 3,535 $5,520,000 $1,562 2010 03/13/20 20-542674 1200 Club View Dr #700 90024 3 4 4,158 $6,400,000 $1,539 2009 08/27/20 19-502276 1 W Century Dr #23B 90067 3 4 3,560 $5,400,000 $1,517 2010 08/12/20 20-603564 1 W Century Dr #9A 90067 4 6 4,560 $6,850,000 $1,502 2010 10/22/20 20-639014 10102 Empyrean Way #301 90067 3 4 3,242 $4,750,000 $1,465 1979 12/24/20 20-587164 1200 Club View Dr #801 90024 3 4 3,858 $5,600,000 $1,452 2009 02/03/20 19-470954 10777 Wilshire BLVD #703 90024 2 3 1,568 $2,200,000 $1,403 2018 04/07/20 19-464322 1 W Century Dr #14D 90067 2 3 2,500 $3,495,000 $1,398 2010 02/05/21 21-680126 1200 Club View DR #4NE 90024 2 2 1,740 $2,295,000 $1,319 2009 04/17/20 19-538428 10800 Wilshire Blvd #1004 90024 3 4 3,280 $4,300,000 $1,311 2005 02/25/20 20-551392 1 W Century Dr #26D 90067 2 3 2,520 $3,213,000 $1,275 2010 11/17/20 20-599346 10777 Wilshire BLVD #704 90024 1 2 1,110 $1,385,000 $1,248 2018 03/03/20 20-557810 1 W Century Dr #8B 90067 2 3 3,440 $4,290,000 $1,247 2010 01/08/21 20-599818 10580 Wilshire Blvd #23NW 90024 2 4 3,203 $3,958,000 $1,236 1991 09/18/20 20-558460 10100 Empyrean Way #203 90067 2 3 2,334 $2,850,000 $1,221 1979 09/16/20 20-614572 10777 Wilshire Blvd #602 90024 1 2 1,043 $1,250,000 $1,198 2018 07/20/20 20-586362 2220 Avenue of the Stars #2102 90067 2 2 1,339 $1,599,000 $1,194 1964 04/15/20 20-549366 2220 Avenue Of The Stars #2503 90067 2 2 1,334 $1,585,375 $1,188 1964 01/29/21 20-660750 10777 Wilshire Blvd #608 90024 1 2 1,059 $1,250,000 $1,180 2018 12/08/20 20-611662 10580 Wilshire Blvd #25S 90024 3 4 3,325 $3,900,000 $1,173 1991 09/30/20 20-592560 15 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025 CONDOMINIUMS CURRENTLY ON THE MARKET (ACTIVE) Criteria: Select condominiums located in the general area from Brentwood to Century City, over 1,200 SF listed for $1,200 psf + As of February 2021 Source: TheMLS; sorted by list price per square foot Address Zip Bd Ba SF List Price L$/SF Year Blt MLS 211 Elm Court #31A 90067 3 5 3,954 $13,000,000 $3,288 Q4 2021 21-681878 1200 Club View Dr #PH19 90024 3 6 7,950 $23,000,000 $2,893 2009 20-618912 10601 Wilshire Blvd #19E 90024 5 7 7,000 $19,750,000 $2,821 1982 20-647842 211 Elm Court #37C 90067 2 3 2,537 $6,600,000 $2,602 Q4 2021 19-466762 211 Elm Court #35C 90067 2 3 2,521 $6,500,000 $2,578 Q4 2021 19-436726 2025 Avenue Of The Stars #1604 90067 2 3 1,756 $4,500,000 $2,563 1965 20-642088 211 Elm Court #27C 90067 2 3 2,521 $6,350,000 $2,519 Q4 2021 21-679966 1 W Century Dr #35B 90067 3 5 3,430 $8,450,000 $2,464 2010 20-637398 211 Elm Court #21A 90067 3 4 3,320 $8,100,000 $2,440 Q4 2021 21-681866 1 W CENTURY DR #PH36B 90067 3 5 6,180 $14,950,000 $2,419 2010 20-615032 211 Elm Court #19A 90067 3 4 3,320 $7,995,000 $2,408 Q4 2021 20-555778 211 Elm Court #19C 90067 2 3 2,940 $7,050,000 $2,398 Q4 2021 20-559882 211 Elm Court #26B 90067 2 3 2,281 $5,450,000 $2,389 Q4 2021 21-690148 211 Elm Court #19B 90067 2 3 2,495 $5,955,000 $2,387 Q4 2021 20-555456 1200 CLUB VIEW DR #1001 90024 3 4 3,813 $9,058,000 $2,376 2009 19-479052 211 Elm Court #18C 90067 2 3 2,940 $6,875,000 $2,338 Q4 2021 21-679974 211 Elm Court #22B 90067 2 3 2,495 $5,775,000 $2,315 Q4 2021 19-481444 1200 Club View Dr #9S 90024 3 4 4,020 $9,200,000 $2,289 2009 21-677934 2025 Avenue Of The Stars #1401 90067 3 4 2,560 $5,700,000 $2,227 1965 18-342670 211 Elm Court #17B 90067 2 3 2,495 $5,525,000 $2,214 Q4 2021 19-536292 2025 Avenue Of The Stars #1403 90067 2 3 1,942 $4,275,000 $2,201 1965 20-642138 2025 Avenue Of The Stars #1216 90067 3 3 2,450 $5,330,000 $2,176 1965 20-642046 2025 Avenue Of The Stars #1201 90067 3 4 2,560 $5,500,000 $2,148 1965 18-332038 1200 Club View Dr #402 90024 2 2 1,762 $3,773,000 $2,141 2009 20-660184 211 Elm Court #15E 90067 2 3 1,723 $3,600,000 $2,089 Q4 2021 21-685128 211 Elm Court #11A 90067 2 3 2,139 $4,350,000 $2,034 Q4 2021 21-688690 211 Elm Court #15B 90067 2 3 1,813 $3,650,000 $2,013 Q4 2021 19-499778 211 Elm Court #15D 90067 2 3 1,840 $3,700,000 $2,011 Q4 2021 20-652008 1200 Club View Dr #600 90024 3 4 4,158 $8,296,000 $1,995 2009 20-660926 2025 Avenue Of The Stars #206 90067 2 3 1,537 $3,054,000 $1,987 1965 19-418592 CONTINUED ON NEXT PAGE 16 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

CONDOMINIUMS CURRENTLY ON THE MARKET (ACTIVE) CONTINUED Criteria: Select condominiums located in the general area from Brentwood to Century City, over 1,200 SF listed for $1,200 psf + As of February 2021 Source: TheMLS; sorted by list price per square foot

Address Zip Bd Ba SF List Price L$/SF Year Blt MLS 211 Elm Court #11e 90067 2 3 1,723 $3,400,000 $1,973 Q4 2021 20-638998 2025 Avenue Of The Stars #207 90067 2 3 1,555 $3,066,000 $1,972 1965 19-418596 211 Elm Court #10A 90067 2 3 2,139 $4,200,000 $1,964 Q4 2021 19-447644 1 W Century Dr #28B 90067 3 5 3,581 $6,500,000 $1,815 2010 20-659564 211 Elm Court #6B 90067 2 3 1,806 $3,275,000 $1,813 Q4 2021 21-690150 211 Elm Court #4B 90067 2 3 1,806 $3,175,000 $1,758 Q4 2021 19-490562 211 Elm Court #3B 90067 2 3 1,806 $3,150,000 $1,744 Q4 2021 20-595720 10601 Wilshire Blvd #PHW 90024 3 6 5,770 $9,980,000 $1,730 1982 20-595680 10800 Wilshire Blvd #1701 90024 4 5 5,280 $8,995,000 $1,704 2005 20-602674 1200 Club View Dr #11S 90024 2 4 4,158 $6,995,000 $1,682 2009 20-627328 211 Elm Court #8D 90067 2 3 1,830 $3,025,000 $1,653 Q4 2021 20-603396 1 W Century Dr #4D 90067 2 3 2,450 $3,999,000 $1,632 2010 21-688156 1 W Century Dr #27D 90067 2 3 2,520 $3,995,000 $1,585 2010 21-680198 1 Century Dr #6AB 90067 6 8 8,100 $12,750,000 $1,574 2010 20-649816 1 W Century Dr #11c 90067 3 4 3,280 $4,950,000 $1,509 2010 21-690794 10601 Wilshire #1204 90024 3 4 3,082 $4,495,000 $1,458 1982 21-675230 1 W Century Dr #18C 90067 3 4 3,280 $4,750,000 $1,448 2010 20-660912 10800 Wilshire Blvd #1303 90024 3 4 3,280 $4,750,000 $1,448 2005 20-661952 10580 Wilshire Blvd #6SD 90024 2 3 2,084 $2,995,000 $1,437 1991 21-679156 1 W Century Dr #11A 90067 2 4 3,510 $4,999,000 $1,424 2010 20-575022 10380 Wilshire Blvd #1804 90024 3 3 3,190 $4,500,000 $1,411 1990 21-677640 1 W Century Dr #34D 90067 2 3 2,250 $3,150,000 $1,400 2010 20-591930 1 W Century Dr #9B 90067 2 3 3,430 $4,695,000 $1,369 2010 21-681500 10380 Wilshire Blvd #1704 90024 3 4 3,190 $4,295,000 $1,346 1990 20-670374 2220 Avenue Of The Stars #902 90067 2 2 1,633 $2,195,000 $1,344 1964 21-675308 1 W Century Dr #6C 90067 2 3 2,790 $3,695,000 $1,324 2010 21-684704 10777 Wilshire #601 90024 3 4 2,534 $3,288,000 $1,298 2018 20-652330 2222 Avenue Of The Stars #2706 90067 2 2 1,650 $2,050,000 $1,242 1964 20-671984 10800 Wilshire Blvd #304 90024 3 4 3,270 $3,995,000 $1,222 2005 20-629582 2220 Avenue Of The Stars #PH2802 90067 3 3 2,741 $3,289,200 $1,200 1964 20-605316 Rent Comparables

17 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

RENT COMPARABLES MAP

1 2 3 4 5

11680 Wilshire Blvd Ten Thousand 1221 Ocean Avenue 8500 Burton Way Vision on Wilshire Argyle House

Hollywood

3 1 4 Mid-Wilshire Century City

Brentwood

Layout ID:L01 MapId:7955719 © 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. 18 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

RENT COMPARABLES

283 Units Completed Date November, 2017 1 TEN THOUSAND 10000 Santa Monica Blvd Improvements Rating A+ Los Angeles, CA 90067 Location Rating A+ (310) 556-0001 Occupancy 90.5%

Amenities Controlled Access, Fitness Center, Clubhouse, Tennis Court, 2 Swimming Pools, 1 Spa, Rental Office - Stand Alone, Total Parking - 566 Spaces, Parking Type - Subterranean, Private Balcony/Patio, Construction Type - Steel Frame, Above Standard Ceiling Height

Size Unit Type Unit (SqFt) Actual Rent Unit Description Count Unit Total SqFt Two Bedroom/Two and One Half Bath 1,512 $9,372 $6.20 Two Bedroom/Two and One Half Bath 1,537 $10,293 $6.70 Two Bedroom/Two and One Half Bath 1,550 $11,253 $7.26 Two Bedroom/Two and One Half Bath 1,577 $9,519 $6.04 Two Bedroom/Two and One Half Bath 1,600 $9,856 $6.16 Two Bedroom/Two and One Half Bath 1,605 $11,851 $7.38 Two Bedroom/Two and One Half Bath 1,619 $12,193 $7.53 Two Bedroom/Two and One Half Bath 1,636 $12,404 $7.58 Penthouse - Two Bedroom/Den/Two and One Half Bath 2,050 $18,059 $8.81 Penthouse - Two Bedroom/Den/Two and One Half Bath 2,091 $19,887 $9.51 Penthouse - Two Bedroom/Den/Two and One Half Bath 2,103 $23,310 $11.08 Penthouse - Two Bedroom/Den/Two and One Half Bath 2,114 $23,864 $11.29 Penthouse - Two Bedroom/Den/Two and One Half Bath 2,123 $25,273 $11.90 Penthouse - Two Bedroom/Den/Two and One Half Bath 2,153 $25,749 $11.96 Penthouse - Three Bedroom/Three and One Half Bath 2,001 $19,713 $9.85 Penthouse - Three Bedroom/Three and One Half Bath 2,113 $26,106 $12.35 Penthouse - Four Bedroom/Four and One Half Bath 3,255 $32,146 $9.88 Total/Average 283 19 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

RENT COMPARABLES CONTINUED

1221 OCEAN AVENUE 120 Units Completed Date January, 1971 2 1221 Ocean Avenue Improvements Rating A Santa Monica, CA 90401 Location Rating A+ (323) 255-12216 Occupancy 88.3%

Amenities Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand Alone Parking - Total Parking - 254 Spaces, Covered Parking Available, Parking Type - Subterranean

Unit Type Unit Size (SqFt) Actual Rent Unit Description Count % of Total Unit Total Total SqFt One Bedroom 28 23.33% 1,082 30,296 $10,387 $9.60 One Bedroom/Den/Two Bath 1 0.83% 2,282 2,282 $16,040 $7.03 Two Bedroom/Two Bath 28 23.33% 1,480 41,440 $11,697 $7.90 Two Bedroom/Two Bath 28 23.33% 1,747 48,916 $13,655 $7.82 Two Bedroom/Two Bath 1 0.83% 1,763 1,763 $15,547 $8.82 Two Bedroom/Den/Two Bath 28 26.33% 1,809 50,652 $16,174 $8.94 Penthouse - Two Bedroom/Two Bath 2 1.67% 1,670 3,340 $26,139 $15.65 Penthouse - Two Bedroom/Two Bath 2 1.67% 2,228 4,456 $27.490 $12.34 Penthouse - Three Bedroom/Den/Three Bath 2 1.67% 2,320 4,640 $35,498 $15.30

Total/Average 120 100% 1,565 187,785 $13,862 $8.86

8500 BURTON WAY 87 Units Completed Date October, 2012 3 8500 Burton Way Improvements Rating A+ Los Angeles, CA 90048 Location Rating A- (213) 247-9898 Occupancy 85.1%

Amenities Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand Alone Parking - Total Parking - 223 Spaces, Covered Parking Available, Parking Type - Multi-Level Structure

Unit Type Unit Size (SqFt) Actual Rent Unit Description Count % of Total Unit Total Total SqFt One Bedroom 29 33.33% 900 26,100 $5,700 $6.33 One Bedroom/Den 20 22.99% 1,200 24,000 $6,400 $5.33 Two Bedroom/Two Bath 22 25.29% 1,600 35,200 $11,000 $6.88 Two Bedroom/Den/Two Bath 15 17.24% 1,800 27,000 $15,000 $8.33 Penthouse - Three Bedroom/Four and One 1 1.15% 4,000 4,000 $45,000 $11.25 Half Bath Total/Average 87 100% 1,337 116,300 $9,256 $6.92 20 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

RENT COMPARABLES CONTINUED

VISION ON WILSHIRE 150 Units Completed Date November, 2018 4 6245 Wilshire Blvd Improvements Rating A Los Angeles, CA 90048 Location Rating B+ (323) 673-1796 Occupancy 94%

Amenities Controlled Access, Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand Alone, Total Parking - 432 Spaces, Covered Parking Is Available For An Additional $100 - 150 Per Month, Parking Type - Multi-Level Structure, Private Balcony/Patio, Construction Type - Steel Frame, Above Standard Ceiling Height

Unit Type Unit Size (SqFt) Actual Rent Unit Description Count % of Total Unit Total Total SqFt Studio 44 29.33% 557 24,508 $2,670 $4.79 One Bedroom 53 35.33% 853 45,183 $4,779 $5.61 One Bedroom/Den 11 7.33% 869 9,559 $4,264 $4.91 Two Bedroom/One and Three Quarter Bath 11 7.33% 1,288 14,168 $5,433 $4.22 Two Bedroom/Two and One Half Bath 21 14.00% 1,367 28,703 $7,193 $5.26 Penthouse - Two Bedroom/One and Three Quarter Bath 4 2.67% 1,822 7,286 $12,746 $7.00 Penthouse - Two Bedroom/Den/One and Three Quarter 4 2.67% 1,942 7,766 $12,645 $6.51 Bath Penthouse - Three Bedroom/Two Bath 2 1.33% 2,925 5,850 $14,898 $5.09 Total/Average 150 100% 953 143,023 $5,066 $5.31 114 Units Completed Date August, 2018 5 ARGYLE HOUSE 1755 Argyle Avenue Improvements Rating A Los Angeles, CA 90028 Location Rating B- (213) 533-9223 Occupancy 82.5%

Amenities Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand Alone, Total Parking - 201 Spaces, Parking Type - Multi-Level Structure, Private Balcony/Patio, Construction Type - Steel Frame, Above Standard Ceiling Height Unit Type Unit Size (SqFt) Actual Rent Unit Description Count % of Total Unit Total Total SqFt Studio 13 11.40% 502 6,526 $3,573 $7.12 One Bedroom/Alcove 13 11.40%" 568 7,384 $4,016 $7.07 One Bedroom 63 55.26% 869 54,742 $4,831 $5.56 Two Bedroom/Two Bath 24 21.05% 1,266 30,376 $7,282 $5.75 Penthouse - Three Bedroom/Two Bath 1 0.88% 2,193 2,193 $18,813 $8.58 Total/Average 114 100% 888 101,221 $5,233 $5.89 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025 3 AREA OVERVIEW 22 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

BRENTWOOD

11680 Wilshire Boulevard is situated west of the 405 Santa Monica Freeway (10), and the Hollywood Freeway freeway, where West Los Angeles meets Brentwood. (101). These freeways provide access to greater Los Located at the intersection of Wilshire Boulevard and Angeles, Orange County, San Diego, the Inland Empire, Barrington Avenue, the property enjoys convenient Ventura, Santa Barbara and northern California. access to a variety of surrounding retail, restaurants and other amenities. This affluent neighborhood with an Los Angeles International Airport and Santa Monica average household income of over $150,000 features Municipal Airport (for private aircraft) are located an abundance of upscale retail stemming from the within convenient driving distance south of Brentwood; intersection of San Vicente Boulevard and Barrington Van Nuys Airport and Burbank Bob Hope International Avenue. Located further north on Barrington Avenue Airport are within a 30-minute drive to the north. and directly south of Sunset Boulevard is Brentwood Village, which features an additional collection of shops In general, the Brentwood area benefits from its and restaurants in Brentwood. proximity to the Pacific Ocean, which is approximately 3.5 miles from 11680 Wilshire Boulevard. This location The nearby areas of West Los Angeles, Santa Monica, provides more favorable weather conditions than inland Westwood, the Wilshire Corridor and Century City are areas and, thus, increases both the residential and within minutes of the property and can be accessed commercial desirability of the area. Accessibility to the via the surrounding major thoroughfares of Wilshire area will increase with the completion of Phase 3 of Boulevard and Santa Monica Boulevard. the Metro Purple Line Expansion, which will provide a new metro station just east of the property at the VA Brentwood is connected to the greater Los Angeles Hospital. The anticipated opening of the Metro Purple basin and beyond via the San Diego Freeway (405), the Wilshire/VA Hospital Station is 2027. 23 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

RETAIL DESTINATIONS

11680 Wilshire Boulevard is surrounded to the east and west by Los Angeles’ most popular shopping areas including the Brentwood Shopping District on San Vicente Boulevard, Brentwood Village, Westwood Village, Montana Avenue, Third Street Promenade, Santa Monica Place, Abbot Kinney, Westfield Century City Mall and Rodeo Drive.

BRENTWOOD SHOPPING DISTRICT Located less than half a mile from 11680 Wilshire Boulevard is the intersection of Barrington Avenue and San Vicente Boulevard, the epicenter of the upscale Brentwood Shopping District. Notable tenants include Soul Cycle, Dry Bar, Tavern, Toscana, Coral Tree Cafe, California Pizza Kitchen, Katsuya, SUGARFISH by Sushi Nozawa, Baltaire, Barney’s Gourmet Hamburgers, Pizzana, Vincenti, Alfred’s Coffee, Whole Foods Market, Yogurtland, Susie Cakes, Starbucks and Coffee Bean & Tea Leaf.

BRENTWOOD VILLAGE Located further north on Barrington Avenue and directly south of Sunset Boulevard is Brentwood Village, whish features an additional collection of shops and restaurants in Brentwood. Popular tenants include Peppone, Starbucks, Burn 60, Belwood Bakery Cafe, Casa De Campo, Soom Soom Fresh Mediterranean, Kreation Organic Juicery, Divino, Ballacures and Baja Restaurant and Lounge. WHOLE FOODS MARKET

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WESTSIDE SUBWAY EXPANSION

11680 Wilshire Boulevard is half a mile from the future Westwood/VA Hospital Purple Line Metro Station.

Metro Rail is Los Angeles’ rapid transit rail system consisting of six separate lines (the Blue, Red, Purple, Green, Gold and Expo Lines) which cumulatively serve 93 stations throughout Los Angeles County.

The Purple Line presently terminates at the Wilshire/Western Station in the heart of Koreatown. The currently under construction Purple Line Expansion will eventually extend to West Los Angeles, offering a dependable alternative for commuters traveling between Downtown Los Angeles, Beverly Hills, Century City and Westwood/UCLA. It is anticipated that the Westwood/VA Hospital Metro Station will be operational by 2027.

11680 Wilshire is also ±1.6 miles to the Expo/Bundy Aqua Line Metro Station, connecting Santa Monica to West Los Angeles, Culver City, USC and Downtown Los Angeles. In 2021 Metro Rail will open their Crenshaw/LAX Transit Corridor Line, connecting the Expo Aqua Line to Los Angeles International Airport.

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WHOLE FOODS MARKET BEL AIR

BRENTWOOD

S BARRINGTON AVE WILSHIRE BLVD

The Palace Seafood

WILSHIRE BLVD WILSHIRE/VA HOSPITAL METRO STATION SITE (2027 EXPECTED OPENING) SAN VICENTE BLVD BARRY AVE

11680 WILSHIRE BLVD. 27 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

SANTA MONICA

Santa Monica is located blocks west of 11680 Wilshire Boulevard. It is centered on three miles of wide, sandy white beaches making it the ultimate beach destination in Southern California for residents and visitors alike.

Attracting over 7,000,000 visitors annually, the City of Santa Monica averages more than 300 days of sunshine a year and offers some of the best sunsets on the West Coast. Known as a walkable and bike-friendly town, Santa Monica is densely packed with a variety of retail shops, restaurants, as well as other attractions like the Santa Monica Pier, Third Street Promenade, Montana Avenue and more.

Santa Monica attracts a daytime workforce of over 290,000 people due to a large concentration of media and entertainment companies, inhabiting more than five million square feet of Class A and creative office space. 28 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025 WESTWOOD UNIVERSITY OF

Westwood is located just east of 11680 Wilshire Boulevard CALIFORNIA LOS and is home to UCLA, which has an enrollment of approximately 44,589 students Westwood Village, the ANGELES (UCLA) popular shopping district in Westwood, includes tenants such as Whole Foods, Target, Trader Joe’s, Urban Outfitters, Bordering the northern edge of Westwood Village is UCLA, Starbucks, CVS, Chipotle and more. the largest university in Los Angeles County based on student enrollment. UCLA is a public research university Along Wilshire Boulevard, bounded by Sepulveda to the and is the most applied to school in the country, with west and Beverly Glen to the east, are 12 office buildings 108,877 freshman and 25,955 transfer applications for comprising 3.6 million square feet of gross leasable area, Fall 2020. Total undergraduate enrollment for Fall 2020 housing nearly 10,000 jobs. This submarket is home to was 21,950 students. The school is considered a flagship prestigious employers including Showtime, Northern Trust, campus in the UC system. In fall 2020, the enrollment KB Home, Triton Pacific Capital Partners, Pardee Homes, was approximately 44,589 students (undergraduate and Oppenheimer and Occidental Petroleum. graduate combined). Additionally, UCLA employs a staff of approximately 42,000 people. 29 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

WESTWOOD VILLAGE Bordering the UCLA campus, Westwood Village centers on a 1920s Mediterranean-style shopping precinct, now home to chain boutiques, coffee shops, and casual eateries. The acclaimed Geffen Playhouse presents new plays and classics, while theaters include the 1931 Regency Village Theatre, with its distinctive Spanish-inspired tower, a favorite location for movie premieres. Exhibitions at the nearby Hammer Museum range from old masters to contemporary art.

SHOPS IN WESTWOOD VILLAGE INCLUDE

WHOLE FOODS MARKET

UCLA CAMPUS STORE

RESTAURANTS AND EATERIES IN WESTWOOD VILLAGE INCLUDE 30 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

WEST LOS ANGELES CENTURY CITY

The Westside of Los Angeles, including Century City and The neighborhood of Century City was developed on Culver City, is home to over 600,000 employees. 20th Century property used by 20th Century Fox for making motion Fox, MGM and Sony Pictures, three of the largest movie pictures, and its first building was opened in 1963. Since studios in the world, are all located on the Westside. Legal, then Century City has become a prominent business financial, entertainment, hospitality, medical, professional and community comprised of major industry sectors retail services firms occupy approximately 10 million square including legal, financial, entertainment, hospitality, feet of Class A office space in Century City alone. Beats medical, professional and retail services, which occupy Audio, National Public Radio West, the NFL Network and approximately 10 million square feet of Class A office space. Sony Pictures Entertainment, which employs around 6,000 At the heart of Century City is the Westfield Century City employees, are all headquartered in Culver City. UCLA (the Mall, which features an AMC Theater, and is anchored by seventh largest employer in Southern California), Providence St. Bloomingdales, Macy’s and Gelson’s Supermarket. John’s Medical Center, Cedars-Sinai Medical Center and Kaiser Foundation Hospital are located on the Westside as well. 31 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

BEVERLY HILLS

Beverly Hills is one of the most celebrated and in-demand destinations in the world. Beverly Hills contains some of the most exclusive, private luxury residences, with home prices among the highest in greater Los Angeles and the United States. With an economy near $20 billion annually, Beverly Hills ranks first among mid-to-large sized cities in the United States for retail sales per capita. Some of Los Angeles’s largest private equity and venture capital firms are located in Beverly Hills. Additionally, the professional, business services and entertainment related industries create a significant positive financial impact in the city. Also, there are numerous smaller agencies, law firms, producers and directors with offices in Beverly Hills. 32 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025

SILICON BEACH

“Silicon Beach” is located just minutes from 11680 Wilshire Boulevard. This area, spanning through Santa Monica, Venice, Marina del Rey and Playa Vista has become the center of Los Angeles’ tech awakening. Silicon Beach is home to established giants Google and Apple, and is also where some 5,000 startup ventures have taken root. Other Notable companies that are located in Silicon Beach include Facebook, Microsoft, YouTube, Electronic Arts, Sony Playstation, Fox Sports, SNAP, Hulu, Postmates, Belkin, TBWA\Chiat\Day, Riot Games, The Rubicon Project and Deutsch. Additionally, there are numerous prominent tech, brand & media companies who are shopping for large amounts of office space in Silicon Beach. 33 11680 WILSHIRE BLVD. LOS ANGELES, CA 90025 DEMOGRAPHIC BRIEF

11680 WILSHIRE BLVD DEMOGRAPHICS (within a 3-mile radius)

PLACE OF WORK 3 MILES

2020 Businesses 25,124

2020 Employees 307,104

POPULATION

2020 Population - Current Year Estimate 243,022

2025 Population - Five Year Projection 250,311

EDUCATION

Bachelor’s, Graduate, or Professional Degree 71.1%

HOUSEHOLD INCOME

$200,000 and Over 22.6%

NAME LATITUDE LONGITUDE 2020 Average Household Income $150,247

11680 WILSHIRE BLVD 34.0495757037599 -118.460659382234

©2021 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Esri ProjectID:704118TRAFFIC COUNTS 2025 Average Household Income $167,637

Street Name Cross Street Traffic Count HOUSING VALUE

Wilshire Blvd S Barrington Ave 38,250 $2,000,000 and Over 32.1%

Wilshire Blvd San Vicente Blvd 46,514 2020 Median Value of Owner Occ. Housing Units $1,419,257

Wilshire Blvd Stoner Ave 38,258 2020 Average Value of Owner Occ. Housing Units $1,491,954 AFFILIATED BUSINESS DISCLOSURE DISCLAIMER CBRE, Inc. operates within a global family of companies This Memorandum contains select information pertaining with many subsidiaries and related entities (each an to the Property and the Owner, and does not purport to be “Affiliate”) engaging in a broad range of commercial real all-inclusive or contain all or part of the information which estate businesses including, but not limited to, brokerage prospective investors may require to evaluate a purchase of services, property and facilities management, valuation, the Property. The information contained in this Memorandum investment fund management and development. At times has been obtained from sources believed to be reliable, but different Affiliates, including CBRE Global Investors, Inc. has not been verified for accuracy, completeness, or fitness or Trammell Crow Company, may have or represent clients for any particular purpose. All information is presented “as who have competing interests in the same transaction. For is” without representation or warranty of any kind. Such example, Affiliates or their clients may have or express an information includes estimates based on forward-looking interest in the property described in this Memorandum assumptions relating to the general economy, market conditions, (the “Property”), and may be the successful bidder for the competition and other factors which are subject to uncertainty Property. Your receipt of this Memorandum constitutes and may not represent the current or future performance of your acknowledgement of that possibility and your the Property. All references to acreages, square footages, and agreement that neither CBRE, Inc. nor any Affiliate has other measurements are approximations. This Memorandum an obligation to disclose to you such Affiliates’ interest describes certain documents, including leases and other or involvement in the sale or purchase of the Property. In materials, in summary form. These summaries may not be all instances, however, CBRE, Inc. and its Affiliates will act complete nor accurate descriptions of the full agreements in the best interest of their respective client(s), at arms’ referenced. Additional information and an opportunity to length, not in concert, or in a manner detrimental to any inspect the Property may be made available to qualified third party. CBRE, Inc. and its Affiliates will conduct their prospective purchasers. You are advised to independently respective businesses in a manner consistent with the law verify the accuracy and completeness of all summaries and and all fiduciary duties owed to their respective client(s). information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics CONFIDENTIALITY AGREEMENT of this transaction and Property’s suitability for your needs. Your receipt of this Memorandum constitutes your ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS acknowledgement that (i) it is a confidential Memorandum SOLELY AT YOUR OWN RISK. solely for your limited use and benefit in determining whether you desire to express further interest in the The Owner expressly reserves the right, at its sole discretion, to acquisition of the Property, (ii) you will hold it in the reject any or all expressions of interest or offers to purchase the strictest confidence, (iii) you will not disclose it or its Property, and/or to terminate discussions at any time with or contents to any third party without the prior written without notice to you. All offers, counteroffers, and negotiations authorization of the owner of the Property (“Owner”) shall be non-binding and neither CBRE, Inc. nor the Owner shall or CBRE, Inc., and (iv) you will not use any part of this have any legal commitment or obligation except as set forth in a Memorandum in any manner detrimental to the Owner or fully executed, definitive purchase and sale agreement delivered CBRE, Inc. by the Owner.

If after reviewing this Memorandum, you have no further Copyright Notice interest in purchasing the Property, kindly return it to CBRE, Inc. © 2021 CBRE, Inc. All Rights Reserved. LAURIE LUSTIG-BOWER KADIE PRESLEY WILSON Executive Vice President First Vice President Lic. 00979360 Lic. 01476551 +1 310 550 2556 310.550.2575 [email protected] [email protected]

PACIFIC OCEAN Los Angeles International Airport

SANTA MONICA

S BARRINGTON AVE

WILSHIRE BLVD BRENTWOOD 11680 SITE WILSHIRE BLVD.

OFFER DUE DATE: WWW.11680WILSHIRE.COM Thursday, July 1, 2021 by 5:00 PM