OFFERING MEMORANDUM 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 MARKETING PACKAGE 3055-3057 Hollycrest Drive OVERVIEW Los Angeles, CA 90068

3055-3057 Hollycrest Drive LOS ANGELES CA 90068

5 BEAUTIFUL SPANISH STYLE UNITS IN HOLLYWOOD HILLS

www.CONCORD-RE.com | [email protected] | 310.551.0660 OFFERING MEMORANDUM 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 MARKETING PACKAGE 3055-3057 Hollycrest Drive OVERVIEW Los Angeles, CA 90068

Our mission LOCATION PRESENTEDBY Location Overview Market Aerial Kenny Stevens New Developments Managing Partner / Senior Vice President PROPERTY SUMMARY BRE# 01090251 Property Highlights 310.551.0660 Ext. 141 direct Property Details Property Location Aerial Photo [email protected] Parcel Orientation Photography FINANCIALS Financial Overview Rent Roll

COMPARABLES Sales Comps Rent Comps

www.CONCORD-RE.com | [email protected] | 310.551.0660 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212 ABOUT US 3055-3057 Hollycrest Drive Los Angeles, CA 90068

Our world has changed and so has the business of real estate. It’s not enough to work with a typical real estate company. At Concord, we think of ourselves as your partner - one who can bring every aspect of your portfolio together under one roof, combining corporatecapabilities with a family feel.

Concord is the evolution of real estate. We’re changing the game and moving above and beyond what you’ve come to expect. This is real estate unified; next-level services that seamlessly connect the dots so you don’t have to. From acquisition to management to construction to the disposition, Concord is elevating your experience every step of the way.

OUR CLIENTS ENTRUST US WITH SO MANY ASPECTS OF THEIR REAL ESTATE LIFE. OUR MISSION IS TO DUTIFULLY GUIDE THEM, CREATE VALUE AND ACT IN HARMONY WITH THEIR BEST INTEREST.

WE PARTNER WITH YOU EVERY STEP OF THE WAY TO ELEVATE YOUR REAL ESTATE EXPERIENCE a different kind of real estate partner. LOCATION 3055-3057 Hollycrest Drive LOS ANGELES CA 90068

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. LOCATION 3055-3057 Hollycrest Drive LOCATION OVERVIEW Los Angeles, CA 90068

HOLLYWOOD HILLS

The Hollywood Hills are the area young money and celebrity are drawn to more than any other neighborhood in Los Angeles. The proximity to the best shopping, dining, and nightlife on the Westside of Los Angeles combined with breathtaking views and a sense of privacy explain the draw for young Hollywood and celebrities from industries such as music and sports. Neighborhoods in Hollywood Hills West include the Bird Streets, Doheny Estates, Sunset Plaza, Outpost Estates, Whitley Heights, Laurel Canyon, Nichols Canyon, Mt. Olympus, and Hollywood Heights. Neighborhoods within Hollywood Hills East include Beachwood Canyon, Lake Hollywood, Lake Hollywood Estates, Hollywoodland, Hollywood Dell, Franklin Village, Hollywood Knolls, and Hollywood Manor. LOCATION 3055-3057 Hollycrest Drive LOCATION OVERVIEW Los Angeles, CA 90068

3055-3057 Hollycrest Drive - The heart of Hollywood is 2.2 miles to the south, Studio City is 2.5 miles north west, Universal Studios and Universal City Walk are less than a mile away, and 1.9 Miles from Warner Bros Studio in Burbank. Some of the best hiking and biking trails, public golf, and picnic areas in Los Angeles are 3.5 miles east of the property in Griffith Park. The property is 1.5 miles away from the famous Runyon Canyon Park. The Hollywood Bowl, one of the most prominent concert venues in the city, is 1.6 miles south. Trendy Franklin Village, just 2.5 miles to the southeast, is lined with street-side cafes, coffee shops, bars, and retail stores. The famous Hollywood Forever Cemetery, home to outdoor film screenings, is just 4.5 miles south. The property’s location near The 101 Hollywood Freeway allows for quick and easy access to numerous parts of Greater Los Angeles. Additionally, 3055 Hollycrest Drive is located just minutes from Universal City Metro station, connecting Hollywood with Downtown/Chinatown to the southeast and Hollywood, Universal City and North Hollywood to the northwest. LOCATION 3055-3057 Hollycrest Drive MARKET AERIAL Los Angeles, CA 90068

Hollywood Sign Studio City

3055 Hollycrest Dr

101

Griffith Observatory Beachwood

Hollywood Bowl Canyon PROPERTY SUMMARY 3055-3057 Hollycrest Drive LOS ANGELES CA 90068

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY HIGHLIGHTS Los Angeles, CA 90068

5 BEAUTIFUL SPANISH STYLE UNITS IN HOLLYWOOD HILLS (2NC)

* Conveniently located in the hills between Hollywood & Studio City. * Close to major Studios in Universal City, Burbank &Hollywood * Surrounded by multi-million dollar single family homes * Roof, plumbing and electrical have all been upgraded in the last 7 years * (1) 2+1 with private patio, (2) large 1+1 and (2) large NC studios * The 2-bed and large 1-bed units have full-size washer/dryer and front+rear entry * 2 Units can be delivered Vacant at COE * Hardwood floors, arched doorways, unique built-ins * 4 garages create additional income potential * Abundant street parking in addition to the 4 garages * Beautifully landscaped and maintained

BEAUTIFUL SPANISH STYLE 5 UNITS IN HOLLYWOOD HILLS PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY DETAILS Los Angeles, CA 90068

PROPERTY DETAILS Units (1) 2+1 with private patio, (2) large 1+1, (2) NC Studio Major Intersection Hollycrest Dr & Cahuenga Blvd Market Hollywood Hills APN 5579-039-009 Zoning Type LARD1.5 Building Size 3,151 square feet PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY AERIAL Los Angeles, CA 90068

3055-3057 Hollycrest Dr PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY PHOTOS Los Angeles, CA 90068 PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY PHOTOS Los Angeles, CA 90068 PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY PHOTOS Los Angeles, CA 90068 PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY PHOTOS Los Angeles, CA 90068 PROPERTY SUMMARY 3055-3057 Hollycrest Drive PROPERTY PHOTOS Los Angeles, CA 90068 FINANCIALS 3055-3057 Hollycrest Drive LOS ANGELES CA 90068

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. FINANCIALS 3055-3057 Hollycrest Drive FINANCIAL OVERVIEW Los Angeles, CA 90068 FINANCIALS 3055-3057 Hollycrest Drive RENT ROLL Los Angeles, CA 90068 COMPARABLES 3055-3057 Hollycrest Drive LOS ANGELES CA 90068

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. COMPARABLES 3055-3057 Hollycrest Drive SALES COMPS Los Angeles, CA 90068

3055 Hollycrest Dr

Sales Comps 3339 Primera Ave 2069 Paramount Dr 1743 Courtney Ave 1954 Hillcrest Rd COMPARABLES 3055-3057 Hollycrest Drive SALES COMPS Los Angeles, CA 90068

3055-3057 Hollycrest Dr, Los Angeles, CA 90068 3339 Primera Ave, Los Angeles, CA 90068 Listed for $1,595,000 Sale Price $1,744,050 # of Units 5 COE 10/25/16 Building SF 3,151 # of Units 4 Price/SF $506 Building SF 3,561 Price/Unit $319,000 Price/SF $489.76 Cap Rate 4.47% Price/Unit $436,013 GRM 14.17 Year Built 1956 UNITS UNIT TYPE Year Built UNITS UNIT TYPE 1 2 Bed/1 Bath 1 3 Bed/2 Bath 2 1 Bed/1 Bath 3 1 Bed/1 Bath 2 NC Studio 1 2069 Paramount Dr, Los Angeles, CA 90068 1743 Courtney Ave, Los Angeles, CA 90046 Sale Price $1,840,000 Sale Price $1,761,175 COE 11/30/16 COE 10/20/16 # of Units 3 # of Units 3 Building SF 2,849 Building SF 94,280 Price/SF $645.84 Price/SF $411.49 Price/Unit $613,333 Price/Unit $587,058 Year Built 1955 Year Built 1926 UNITS UNIT TYPE UNITS UNIT TYPE 2 3 Bed/3 Bath 1 3 Bed/2.5 Bath 1 1 Bed/1 Bath 1 2 Bed/1 Bath 1 1 Bed/1 Bath 1954 Hillcrest Rd, Los Angeles, CA 90068 Sale Price $4,700,000 COE 11/30/16 # of Units 11 Building SF 9,067 Price/SF $518.36 Price/Unit $427,273 Year Built 1938 UNITS UNIT TYPE 11 1 Bed/1 Bath COMPARABLES 3055-3057 Hollycrest Drive RENT COMPS Los Angeles, CA 90068

3055 Hollycrest Dr

Rent Comps 6728 Hillpark Dr 29 Navy St 3143 Hollycrest Dr 40 Clubhouse Ave 3389 Bennett Dr # 22 1403 Innes Place

8 COMPARABLES 3055-3057 Hollycrest Drive RENT COMPS Los Angeles, CA 90068

3055-3057 Hollycrest Dr, Los Angeles, CA 90068 6728 Hillpark Drive, Los Angeles, CA 90068

RENT $2,895 RENT $2,999 UNIT TYPE 2 + 1 UNIT TYPE 2+1 RENT $1,688 - $2,195 UNIT SIZE 963 SF UNIT TYPE 1 + 1

3143 Hollycrest Drive #2, Los Angeles, CA 90068 3389 Bennett Drive #22, Los Angeles, CA 90068

RENT $2,225 RENT $3,395 UNIT TYPE 1 + 1 UNIT TYPE 2 + 2 UNIT SIZE 750 SF UNIT SIZE 1,500 SF KENNY STEVENS BRE# 01090251 D: 310-551-0660 Ext. 141 [email protected]

www.CONCORD-RE.com | [email protected] | 310.551.0660 OFFERING MEMORANDUM 449 South Beverly Drive, First Floor, Beverly Hills, CA 90212