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COLE AVENUE LOS ANGELES, CA 90038

BRANDON MICHAELS A 2,800 SF OFFICE BUILDING IDEALLY LOCATED GROUP IN THE HEART OF , CA SOUTHERN 'S PREMIER SALES TEAM INVESTMENT ADVISORS

BRANDON MICHAELS ANDREW LEFF Senior Managing Director of Investments First Vice President Investments Senior Director, National Retail Group Director, National Retail Group Tel: (818) 212-2794 Tel: (818) 212-2815 Fax: (818) 212-2710 Fax: (818) 212-2710 [email protected] [email protected] License: CA #01434685 License: CA #01865688 www.BrandonMichaelsGroup.com www.BrandonMichaelsGroup.com

CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial con- dition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the informa- tion contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee iden- tified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)

BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM 1 2 3 PROPERTY OVERVIEW SALES COMPARABLES AREA OVERVIEW 01 PROPERTY OVERVIEW

HOLLYWOOD

COLE AVE

WILCOX AVE

SANTA MONICA BLVD

6 INVESTMENT HIGHLIGHTS

Highly Improved / Turn-Key Office Building

Total Interior Remodel / New Flooring / New Roof / Multiple Skylights Throughout

Flexible Floor Plan for One or More Tenants / Gated Secure Parking Lot

Hollywood Media District / State Enterprise Zone / Opportunity Zone

Neighbors Include Paramount, RED Studios, Raleigh Studios, Television Center, MILK Studios and more

COLE AVE Distance To: 0.9 MILE Sunset Gower Studios CAHUENGA BLVD 1.0 MILE Hollywood Palladium

1.1 MILES

1.2 MILES Hollywood & Vine

1.6 MILES Hollywood TCL Theatre

1.9 MILES Hollywood & Highland

7.6 MILES

7 The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market 953 Cole Avenue, ideally located one parcel south of the southwest corner of Cole Avenue and Romaine Street in the heart of Hollywood, California.

953 Cole Avenue consists of a 2,800 square-foot single-story office building situated on a 6,308 square-foot lot, offering unlimited potential for an array of creative uses. This architecturally significant COLE AVENUE building has undergone a major remodel including high grit polish concrete floors throughout and LOS ANGELES, CA 90038 a brand new roof with ~10 strategically placed skylights creating a bright, flexible floor-plan. The property can be utilized by a single tenant or multiple units, with front and rear private access and a gated parking lot for 8+ vehicles.

953 Cole Avenue is situated within the Hollywood Media District as well as a Los Angeles State Enterprise Zone, offering a variety of benefits to a new owner such as potential tax incentives and revised parking requirements (Buyer to verify). The property is zoned LAMR1 and falls within Tier 1 of the TOC as well as a qualified Opportunity Zone.

Hollywood is experiencing explosive growth and is home to some of the world’s most prominent entertainment and production companies such as Netflix, Viacom, Live Nation, CNN, and many others. 953 Cole Avenue is situated minutes from , RED Studios, Television Center, Sunset Las Palmas Studios, Raleigh Stuiods, and many other industry hubs.

953 Cole Avenue is ideal for any owner-user or investor seeking a turn-key asset in prime Hollywood.

8 MID WILSHIRE DTLA

COLE AVE

ROMAINE ST

9 PROPERTY HIGHLIGHTS

ADDRESS 953 Cole Avenue Los Angeles, CA 90038 DTLA PRICE $2,650,000

BUILDING SF 2,800 SF

PRICE/SF (BUILDING) $946

LAND SF 6,308 SF

PRICE/SF (LAND) $420 Television YEAR BUILT 1961 Center

PARKING 10 spaces with stacking

ZONING MR1-1-SN (Los Angeles State Enterprise Zone)

TOC Tier 1

APN NUMBER 5533-021-002

Note: Please Contact Broker for Details on Current Rent Roll

10 DTLA

COLE AVE ROMAINE ST

11 PROPERTY SITE The subject property is located near the intersection of Cole Avenue and DETAILS Romaine Street. SQUARE FOOTAGES The total building square footage is 2,800 SF. The total land square footage is 6,308 SF.

YEAR BUILT The subject property was built in 1961.

PARKING 10 parking spaces are available. The parking ratio is 3.79 per 1,000 SF.

ZONING The zoning of the subject property is MR1-1-SN (Los Angeles State Enterprise Zone).

TOC The subject property is located within a Tier 1 TOC .

APN NUMBER The APN number is 5533-021-002.

12 Front

Parking Area

Driveway

13 INTERIOR PHOTOS

14 15 02 SALES COMPARABLES

SALES COMPARABLES

ADDRESS PRICE BUILDING SF LAND SF PRICE/SF(BLDG) SALES DATE

6422 Selma Avenue 1 $9,000,000.00 6,609 6,622 $1,361.78 11/30/18 Los Angeles, CA 90028

6507 De Longpre Avenue 2 $4,100,000.00 4,320 7,405 $949.07 5/8/18 Los Angeles, CA 90028

5735 3 $8,625,000.00 8,596 11,482 $1,003.37 3/9/20 Los Angeles, CA 90038

1111 North Las Palmas 4 Avenue $5,200,000.00 4,634 8,886 $1,122.14 1/7/20 Los Angeles, CA 90038

729-733 Seward Street 5 $23,413,500.00 21,350 32,883 $1,096.65 2/24/20 Los Angeles, CA 90038

1463 Tamarind Avenue 6 $4,165,000.00 4,364 8,407 $954.40 5/24/19 Los Angeles, CA 90028

424 North Larchmont 7 Boulevard $3,525,000.00 3,840 5,663 $917.97 3/11/20 Los Angeles, CA 90004

AVERAGE $8,289,785.71 7,673 11,621 $1,057.91 -

18 953 Cole Ave

1 1 6422 Selma Ave 6 2 2 6507 De Longpre Ave

3 5735 Melrose Ave 4 4 1111 North Las Palmas Ave

5 729-733 Seward St 5 3 6 1463 Tamarind Ave

7 7 424 North Larchmont Blvd

SALES COMPARABLES | PRICE/SF

$1,058 AVG PRICE/SF

7,673 AVG BUILDING SF

19 03 AREA OVERVIEW

Hollywood, the home of movie studios, many of L.A.'s most popular and historic tourist destinations, and its world- famous namesake boulevard. HOLLYWOOD, CA From the Walk of Fame to Hollywood is a neighborhood in the central region of Los Angeles, California. Its name has come to be a behind-the-scene tours, shorthand reference for the U.S. industry and the people associated with it. Many of its studios such Hollywood is a true bucket-list as Paramount Pictures, Warner Bros., and Universal Pictures were founded there and Paramount still has destination its studios there.

Hollywood was incorporated as a municipality in 1903. It was consolidated with the city of Los Angeles in 1910, and soon thereafter a prominent film industry emerged, eventually becoming the most recognizable in the world.

According to the Mapping L.A. project of the Los Angeles Times, Hollywood is flanked by Hollywood 8,450 Hills to the north, Los Feliz to the northeast, East Hollywood or Virgil Village to the east, Larchmont and Population in Hollywood CA Hancock Park to the south, Fairfax to the southwest, West Hollywood to the west and West to the northwest.

A larger-than-life symbol of the entertainment business, Hollywood beckons tourists with landmarks like TCL Chinese Theatre and star-studded Walk of Fame. Highlights include Paramount Pictures, historic $136,131 music venues like the , and , home of the Oscars. Scenesters can choose from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in Median Household Income nearby Thai Town. in Westlake Village, CA

22 POINTS OF INTEREST

1 HOLLYWOOD ROOSEVELT HOTEL The Hollywood Roosevelt Hotel hosted the first Academy Awards ceremony . It is the oldest continually operating hotel in Los Angeles.

2 HOLLYWOOD WALK OF FAME The Hollywood Walk of Fame immortalizes the entertainment industry’s biggest celebs with distinctive five-pointed terrazzo-and-brass stars embedded in the sidewalks of and Vine Street.

3 UNIVERSAL STUDIOS HOLLYWOOD Learn the secrets of moviemaking magic and look King Kong straight in the eye as you visit a working back lot during the world-famous studio tour at Universal Studios Hollywood. Universal Studios Hollywood is a film studio and theme park.

4 HOLLYWOOD BOULEVARD In addition to the Hollywood Walk of Fame, the famous Hollywood Boulevard is also where you'll find iconic museums, theaters, and attractions. Visit Hollywood & Highland, home to the Dolby Theatre (where the Academy Awards ceremony is held) and the TCL Chinese Theatres as well as super- premium retailers like Louis Vuitton and the trendy OHM Nightclub.

23 HOLLYWOOD & HIGHLAND

Hollywood & Highland is a shopping center and entertainment complex at Hollywood Boulevard and Highland Avenue in the Hollywood district in Los Angeles. The 387,000 SF center also includes TCL Chinese Theatre (formerly Grauman's Chinese Theatre, and Mann's Chinese Theatre) and the Dolby Theatre (formerly known as the Kodak Theatre), home to the Academy Awards. The historic site was once the home of the famed Hollywood Hotel. Located in the heart of Hollywood, along the Hollywood Walk of Fame, it is among the most visited tourist destinations in Los Angeles.

The complex sits just across Hollywood Blvd. from the El Capitan Theatre and offers views of the Hollywood Hills and to the north, Santa Monica Mountains to the west and downtown Los Angeles to the east. The centerpiece of the complex is a massive three-story courtyard inspired by the Babylon scene from the D.W. Griffith film Intolerance. The developer of the shopping center built parts of the archway and two pillars with elephant sculptures on the capitals, just as seen in the film, to the same full scale. It gives visitors an idea of how large the original set must have been.

24 HOLLYWOOD UNIVERSAL CITYWALK

Popular with both visitors and locals, Universal CityWalk is a busy area located between the parking areas and the theme park, where guests can enjoy a variety of restaurants and shopping opportunities and even take in a movie or two. You'll find a number of popular eating establishments here, such as The Hard Rock Cafe, Bubba Gump Shrimp Company, Buca de Beppo, Tony Roma's Ribs, and the Wolfgang Puck Cafe. You'll even find brand-name stores like Skechers, Quiksilver, Hot Topic, Guess, Fossil, Billabong, and Abercrombie and Fitch. Universal CityWalk can be easily reached from Hollywood and Highland by using the Metro Red Line train.

Universal CityWalk is the name shared by the entertainment and retail districts located adjacent to the theme parks of Universal Parks & Resorts. CityWalk began as an expansion of Universal's first park, Universal Studios Hollywood, and serves as an entrance plaza from the parking lots to the theme parks.

Universal CityWalk Hollywood is a three-block entertainment, dining, shopping promenade. It has more than 30 eateries, a 19-screen movie theater featuring IMAX, 7 night spots, indoor skydiving and more than 30 stores.

25 DEMOGRAPHICS

61,491 Total Population of the Neighborhood of Hollywood, Los Angeles 54% 46% Male Female EDUCATION

21% 18% 5% 28% Some High School Some College Associate Degree Bachelor’s Degree

DEVELOPMENTS

More than 1,200 hotel rooms were added to a large section of Hollywood from 2001 to 2016, and, in a similar time period, residential development increased 261 percent. It’s estimated that approximately 4,000 more units in the works. On top of all of that, a report prepared for the Hollywood Property Owners Alliance and Central Hollywood Coalition predicts that office space will balloon by 67 percent by 2021.

26 RADIUS QUICK STATS 1 MILE 3 MILES 5 MILES

2020 Total Population: 47,127 469,432 1,037,458

Population Growth 2020-2025: 2.15% 0.93% 0.67% Average Age: 38.70 38.90 38.30 1,037,458 $88,057 2020 Total Households: 22,225 210,556 423,890 Population within 5-m radius Average HH income within 5-m radius Avg Household Size: 2.00 2.10 2.40

2020 Owner Occupied Households: 3,418 36,213 92,453

2020 Renter Occupied Households: 18,807 174,343 331,438

2020 HOUSEHOLDS BY HOUSEHOLD INCOME

<$25,000 5,692 47,465 101,342 $25,000 - $50,000 4,105 44,845 87,312 92,453 331,438 $50,000 - $75,000 3,557 35,158 66,681 Owner Occupied Households Renter Occupied Households $75,000 - $100,000 2,639 22,969 45,691 within 5-m radius within 5-m radius

$100,000 - $125,000 1,734 16,798 33,694

$125,000 - $150,000 1,066 10,266 20,594

$150,000 - $200,000 1,119 12,410 24,546

$200,000+ 2,314 20,643 44,030

2020 Median Household Income $58,199 $59,249 $58,656 $59,249 63,236 2020 Average Household Income $86,841 $87,357 $88,057 Median HH income within Businesses within a 5-m 3-m radius radius

27 COLE AVENUE LOS ANGELES, CA 90038

BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM