Creative Owner/User

Home , Cahuenga Boulevard, Hollywood Hills, Studio Universal, Ventura Boulevard

CREATIVE OWNER/USER

3450 Cahuenga Boulevard, Los Angeles CA 90068 DISCLAIMER

The material contained herein is confidential and is presented strictly the Property’s or its operations’ compliance with applicable codes, laws, as information for the exclusive use of the prospective purchaser. regulations, statutes, ordinances, covenants, conditions and restrictions Acceptance of this offering by the prospective purchaser constitutes of any governmental, quasi-governmental entity or any other person or an agreement not to divulge, share or distribute the information to any entity, (vi) the quality of any labor and materials, (viii) the compliance of other party, except legal counsel and financial advisors, without the Property with any environmental protection, pollution or land use laws, specific written authorization of the Seller or Lee & Associates. rules regulations, orders or requirements including but not limited to those pertaining to the handling, generating, storing or disposing of any The materials herein have been obtained from sources believed to hazardous materials, and (ix) except as expressly provided otherwise in be reliable. Nevertheless, the Seller nor Lee & Associates make no an executed contract of sale, the condition of title and the nature, status warranties or representations, expressed or implied, concerning and extent of any right-of-way, lease, right of redemption, possession, the accuracy or completeness of this information. This document is lien, encumbrance, license, reservation, covenant, condition restriction submitted subject to errors, omissions, changes in price; rental, market and any other matter affecting the title. Although Seller’s predecessors or otherwise and withdrawal without notice. may have performed work, or contracted for work performed by third No broker or agent, other than Lee & Associates Seller’s exclusive parties in connection with the Property, the Seller, and its agents shall representative, is authorized to present this investment opportunity. not be responsible to Buyer or any successor on account of any errors or omissions or construction defects of such predecessors and/or third Interested buyers should be aware that the owner (the “Seller”) of parties. the property known as 3450 Cahuenga Boulevard, Los Angeles CA 90068 (“Property”) is selling the property in “AS IS” CONDITION The Seller reserves the right to withdraw the property being marketed WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES at any time without notice, to reject all offers, and to accept any offer OF ANY KIND OR NATURE, EXCEPT WARRANTY OF TITLE. Prior to without regard to the relative price and terms of any other offer. Any and/or after contracting to purchase as appropriate, Buyer will be given offer to buy must be: (i) presented in the form of a non-binding letter a reasonable opportunity to inspect and investigate the Property and of intent, (ii) incorporated in a formal written contract of purchase and all improvements thereon, either independently or through agents of sale to be prepared by or on behalf of the Seller and executed by both Buyer’s choosing. parties; and (iii) approved by Seller, and such other parties who may have an interest in the Property. Neither the prospective Buyer nor Buyer shall not be entitled to, and should not, rely on the Seller, or its Seller shall be bound until execution of the contract of purchase and agents as the (i) the quality, nature, adequacy and physical condition sale, which contract shall supersede prior discussions and constitute the of the Property including, but not limited to the structural element, sole agreement of the parties. foundation, roof, appurtenances, access, landscaping, parking facilities and the electrical, HVAC, plumbing, sewage, and utility systems, facilities The Seller shall not be responsible for the payment of any commission, and appliances. (ii) the quality, nature adequacy and physical condition finder’s fee or other form of compensation to Buyer’s broker other than of soils and geology and the existence of ground water, (iii) the existence, as set forth in Seller’s commission agreement with Lee & Associates-LA quality, nature adequacy and physical condition of utilities serving the North/Ventura, Inc. Property, (iv) the development potential of the Property, its habitability, SELLER AND ITS AGENTS MAKE NO REPRESENTATIONS OR merchantability, or fitness, suitability or adequacy of the Property for any WARRANTIES AS TO THE ACCURACY OR COMPLETENESS OF SUCH particular purpose, (v) the zoning or the legal status of the Property, (vi) INFORMATION.

| 2 | THIRTY FOUR FIFTY WEST THE OPPORTUNITY

FOR MORE INFORMATION PLEASE CONTACT:

SCOTT ROMICK Principal/Managing Director 818.933.0305 [email protected] BRE # 01323527

DARREN CASAMASSIMA Principal 818.933.0303 [email protected] BRE # 01425638 Lee & Associates®-LA North/Ventura, Inc. Corporate ID #01191898 A Member of the Lee & Associates Group of Companies 15250 Ventura Boulevard, Suite 100 Sherman Oaks, CA 91403 818.986.9800 Main | 818.933.0405 Fax EXECUTIVE SUMMARY

Lee & Associates, as exclusive commercial brokerage, is pleased to announce that we have been retained to represent the owner in the sale of a specific number of unique owner-user opportunities in one of the most unique real estate assets in this market – THIRTY FOUR FIFTY WEST. The campus consists of individual private separate entry commercial condominiums with the special added benefit of being designated “Live/ Work”. Designed and developed ahead of its time, THIRTY FOUR FIFTY WEST embodies everything that businesses and tenants look for in today’s office market…..a productive workplace environment with emphasis on light, space and contemporary design. With high-quality construction of only 10 years old that is unparalleled in this market of properties that average over 60 years old. THIRTY FOUR FIFTY WEST community is complete with lush tree-lined streets and outdoor amenity spaces for tenants use such as BBQ and lounge area with fireplace, ping pong table, dog walk, valet parking etc.

The campus lies at the crossroads between the East Valley Media and Entertainment area and Hollywood, central to all of the main Film and TV studios, new and old mediums. Occupiers walk to a variety of great amenities including restaurants, bars, gyms, an outdoor park and so much more. With immediate multiple freeway access points and roads to all major destinations in the surrounding areas, THIRTY FOUR FIFTY WEST is an ideal location for many types of businesses who want to be close to their clients.

| 4 | THIRTY FOUR FIFTY WEST PROPERTY DESCRIPTION

The community includes:

Individual units with separate private entrance

Units range from 1,921 sf to over 6,000 sf CONNECTED Each unit is designed with top-tier finishes OUTDOOR SPACE

• 12-foot ceilings at the ground level

• Expansive second floor work area with 18-foot exposed beam high ceilings GAME • Third floor allows for privacy as well as viewing FACILITIES of the main space

• Ground floor for studio space, work area, parking or a mix of all

• Walls are concrete filled concrete block which PROXIMITY TO AMENITIES allows for excellent sound attenuation

• Operable windows

• All units have 2 usable private balconies.

• Most units have private yards CENTRAL LOCATION See the Opportunity List on page 18

CREATIVE CULTURE

| 5 | THIRTY FOUR FIFTY WEST PROPERTY HIGHLIGHTS

THIRTY FOUR FIFTY WEST is a unique Burbank, Universal City, North Hollywood, Studio development that enjoys a superb location in the City and Hollywood are well known for their heart of the entertainment and media corridor large concentration of media and entertainment employers covering the full spectrum of Each unit floor plan is distinctively unique animation, film, television, radio, music labels featuring three story units with exposed concrete and media with more studio production square block walls, beams and wood floors blending the footage than any place in the world. creative industrial loft feel with the bright and breezy vibe of Southern California. Close to the Universal Studio lot, Metro station to catch the Red Line South to Hollywood and Tenants of THIRTY FOUR FIFTY WEST can walk DTLA or north to North Hollywood. Bus #237 just to restaurants, coffee houses, theatres, music outside the property. Freeway access one block venues, gyms and parks within a safe and from the northbound 101 freeway on/off ramp pedestrian friendly neighborhood. and .4 miles from the southbound on/off ramp.

A sought after street, Tenants have immediate Community Amenities access within 5 minutes walking distance to over 15 food and drink establishments as wells as a Community private streets popular LA Fitness facility and public park. Private Lounge areas with BBQ and eating areas

The location also is just down the street from Game area Universal Studios and the retail mix of the CityWalk and NBC/Comcast headquarters as Dog walk well as a short drive to Warner Brothers, Disney, Valet visitor parking CBS and Burbank Studios on the Valley side and a multitude of media companies a couple miles Secured entry gates away in Hollywood. Excellent views of the surrounding Hollywood Hills

| 6 | THIRTY FOUR FIFTY WEST WHY THIRTY FOUR FIFTY WEST? WHY NOW?

One of the easiest properties to own Be a part of an energetic and safe community • Move in ready, low maintenance, lower ownership costs • A fantastic mix of entertainment and creative businesses and management New Construction / Better Construction The Creative design style is in demand • Built just 10 years ago vs average age of similar sized single • Majority of businesses/tenants want a creative, tenant user assets in area of over 60 years old. Reduces contemporary look and feel for their workplace upfront costs to renovate, update and repair the property • Creative campus and office communities are one of the top • High end quality improvements of finishes, walls, doors, trends for users windows etc.

Optionality for small businesses Faster and easier purchase, escrow and due diligence • Will accommodate small users that can’t find a building process properly sized for their own use No new construction planned in near future • Units of 1,921 and 2,361 sq. ft. with ability to combine units for over 6,000 sq. ft.

Priced lower than comps • The average purchase price is $532 per sq. ft. compared to $629 psf for similar sized single tenant properties sold in the past three years in the area….and with much less improvements required in comparison • Time to buy - prices per sq. ft. have risen for the past 5 years and forecast to continue (Costar Reports)

Commercial office market continues strong • Studio/Universal Cities office ask rents have gone up ±4.1% YTD with forecast of 4.1% for the next 12 months (Costar Reports). Stop paying rent and not be in control. Time to invest in your future.

| 7 | THIRTY FOUR FIFTY WEST PROPERTY OVERVIEW

Zoning: LAC2-1VL Year Built: 2008 Fire Alarm: Heat detectors and smoke/CO alarm horn/ strobes, Hardwired-powered smoke/carbon monoxide Unit Construction Specs detectors with battery back-up. Windows: High end double-pane, both fixed and operable units. Foundation / Substructure: Concrete slab-on-grade with perimeter and interior footings under load bearing Flooring: All living areas except bathroom are finished structures with clear coated strip hardwood floors. European porcelain tile and natural stone for bathroom floors and Superstructure: Steel moment frames - Reinforced walls. concrete filled concrete masonry unit (CMU) load bearing walls with metal deck on steel beams and joists Walls: Mix of painted gypsum board or unfinished concrete block. Façade: Reinforced concrete masonry units (CMU) with metal framed curtain wall with prefinished metal panels Doors: High end solid core contemporary metal clad doors Building Services

Roof Type: Flat, 60-ml mechanically-fastened, single-ply Electric: LA City Department of Water and Power. Unit thermoset thermoplastic membrane subpanels 225 amps, single-phase, 3-wire distribution.

HVAC Systems: Rooftop packaged heat pump units (4T) Water: LA City Department of Water and Power used for ambient air Optional split system units used to 50-gallon natural gas-fired hot water heaters cool garage spaces Gas: Southern California Gas Company with individual Balconies: Aluminum-framed glass patio door with 2x unit meters gas feeds kitchen and rooftop mounted composite Trex decking. mechanical systems

Fire Suppression: Wet-pipe sprinkler system, flush- Sanitary Sewer: City of Los Angeles mounted and concealed Telecom Services: Spectrum Fiber; Spectrum Cable

| 8 | THIRTY FOUR FIFTY WEST AERIAL VIEW

| 9 | THIRTY FOUR FIFTY WEST PLOT MAP

| 10 | THIRTY FOUR FIFTY WEST SITE PLAN

LEASED INVESTMENTS*

OWNER/USER AVAILABLE

IN ESCROW

*Any unit can be made vacant and available for an Owner/User

| 11 | THIRTY FOUR FIFTY WEST UNIT A FLOOR PLANS | 2,361 SQ. FT.

FOURTH LEVEL

YARD THIRD LEVEL OUTDOOR DECK

GARAGE/ GROUND FLOOR C-PARKING SECOND LEVEL

C-PARKING PARKING

BALCONY

| 12 | THIRTY FOUR FIFTY WEST UNIT B FLOOR PLANS | 1,921 SQ. FT.

LOFT

YARD

C-PARKING FOURTH LEVEL

GARAGE/ GROUND FLOOR

SECOND LEVEL PARKING THIRD LEVEL BALCONY

BALCONY

| 13 | THIRTY FOUR FIFTY WEST UNIT BR FLOOR PLANS | 1,904 SQ. FT.

FOURTH LEVEL

YARD THIRD LEVEL SECOND LEVEL

C-PARKING

BALCONY GARAGE/ GROUND FLOOR

PARKING BALCONY

| 14 | THIRTY FOUR FIFTY WEST PURCHASE OPTIONS

THIRTY FOUR FIFTY WEST is a fantastic opportunity for those companies that have been looking for small building to purchase for their own use.

UNIT SIZE PRICE

405 1,921 SF $990,000

601 1,921 SF $1,035,000

604 2,361 SF $1,300,000

609 2,361 SF $1,300,000

610 2,361 SF $1,365,000

*Other options may be available. Please call Broker for the master list and to discuss how we can accommodate your needs.

| 15 | THIRTY FOUR FIFTY WEST OWNER-USER ANALYSIS

OWN vs. RENT ANALYSIS: Enclave 3450 Cahuenga (1,921 SF) Broker contacts: Lee & Associates - Scott Romick (818-933-0305, [email protected]) SBA/CDC/Bank Financing: Patty Griffin Globa (805-689-7974, [email protected]) Sasha Globa, California Statewide CDC (818-419-2360, [email protected])

Sample Property Size - SF: 1,921 SF 1,921 SF

LEASE SCENARIO BUY SCENARIO per SF Amount per SF Amount Financial Options Contacts: Lease Assumptions: Purchase Assumptions: Rent per month $5,763 Building $528 $1,015,000 Improvements $0 $0 Rent per SF MG $3.00 Total $528 $1,015,000 CDC/SBA 504 Loan

Start-up Costs: Start-up Costs: Prepaid rent and security deposit (2 mo.'s total) $11,526 Borrower cash down payment 10% $101,500 Lessee TI costs, net of lessor TI allowance ** $0 $0 Estimated fees on 1st mortgage ** $2,537 Est. appraisal, enviromental, other fees ** $6,100 Total startup costs $11,526 Total startup costs $110,137

Gross Monthly Costs: Gross Monthly Costs: Rent payment $3.00 $5,763 Mortgage payment * $2.52 $4,843 SASHA GLOBA Lease operating costs ** (including common area) $0.51 $970 Ownership operating costs ** $1.07 $2,052 President Gross monthly cash requirement $3.51 $6,733 Gross monthly cash requirement $3.59 $6,895 SBA Premier Certified Lender Lease Benefits: Ownership Benefits - excl. appreciation: (800) 982-9192 Depreciation tax benefit at 21% tax rate $0 $0 Depreciation tax benefit at 21% tax rate $0.20 $377 [email protected] Approx. monthly principal paydown portion (equity) $0 $0 Approx. monthly principal paydown portion (equity) $1.07 $2,047 Tax benefit on rent deduction at 21% tax rate $0.63 $1,210 Tax benefit on interest deduction at 21% tax rate $0.31 $587 Tax benefit on operating costs at 21% tax rate $0.11 $204 Tax benefit on operating costs at 21% tax rate $0.22 $431 PATTY GRIFFIN GLOBA $0.00 $0 Lease income $0.00 $0 Senior Loan Officer $0 $0 Interest on startup cost difference (net of 21% tax) -$0.10 -$195 (805) 689-7974 $0.74 $1,414 $1.69 $3,248 [email protected] NET COST after lease benefits $2.77 $5,319 NET COST after ownership benefits excl. appreciation $1.90 $3,647

Est. appreciation benefit, per month $0.00 $0 Est. appreciation benefit, per month: $0.88 $1,692 Bank 1st Trust Deed

NET COST after lease benefits $2.77 $5,319 NET COST after ownership benefits incl. appreciation $1.02 $1,955

Projected rent cost in Year 10:

Net rent cost (after tax benefits at 21% rate) $3.31 $6,350 JOSH WARNER Assumed annual rent escalation 3.0% GROWTH IN PROPERTY VALUE & OWNER EQUITY: Assistant Senior Vice President (818) 291-6227 Assumed annual appreciation rate of 2.0% Borrower down payment (10%) $101,500 [email protected]

Property Value Loan Balance Owner Equity

Year 5 $1,120,642 $806,264 $314,378 Year 10 $1,237,279 $659,134 $578,145 Year 15 $1,366,056 $480,513 $885,544 * see financing assumptions in next section. Year 25 $1,665,215 $0 $1,665,215 ** see inputs section below for assumptions.

Disclaimer: This sample analysis is based on a series of assumptions, including loan interest rates and annual appreciation rates, and is meant only to be illustrative in nature. The analysis is not a guarantee of any actual results of any loan or purchase transaction or ownership of any real property, all of which are subject to risks, uncertainties and assumptions that are difficult to predict and beyond our control. No warranties or representations, express or implied, are made as to the accuracy of the information contained herein, and same is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, withdrawal without notice, prior sale, lease or financing. We include projections, opinions, assumptions or estimates for example only, and they may not represent future performance of the property. You and your financial and legal advisors should conduct your own evaluation of the property and transaction economics.

| 16 | THIRTY FOUR FIFTY WEST OWNER-USER ANALYSIS

OWN vs. RENT ANALYSIS: Enclave 3450 Cahuenga (2,361 SF) Broker contacts: Lee & Associates - Scott Romick (818-933-0305, [email protected]) SBA/CDC/Bank Financing: Patty Griffin Globa (805-689-7974, [email protected]) Sasha Globa, California Statewide CDC (818-419-2360, [email protected])

Sample Property Size - SF: 2,361 SF 2,361 SF

LEASE SCENARIO BUY SCENARIO per SF Amount per SF Amount Financial Options Contacts: Lease Assumptions: Purchase Assumptions: Rent per month $7,083 Building $551 $1,300,000 Improvements $0 $0 Rent per SF MG $3.00 Total $551 $1,300,000 CDC/SBA 504 Loan

Start-up Costs: Start-up Costs: Prepaid rent and security deposit (2 mo.'s total) $14,166 Borrower cash down payment 10% $130,000 Lessee TI costs, net of lessor TI allowance ** $0 $0 Estimated fees on 1st mortgage ** $3,250 Est. appraisal, enviromental, other fees ** $6,100 Total startup costs $14,166 Total startup costs $139,350

Gross Monthly Costs: Gross Monthly Costs: Rent payment $3.00 $7,083 Mortgage payment * $2.63 $6,198 SASHA GLOBA Lease operating costs ** (including common area) $0.47 $1,102 Ownership operating costs ** $1.05 $2,480 President Gross monthly cash requirement $3.47 $8,185 Gross monthly cash requirement $3.68 $8,679 SBA Premier Certified Lender Lease Benefits: Ownership Benefits - excl. appreciation: (800) 982-9192 Depreciation tax benefit at 21% tax rate $0 $0 Depreciation tax benefit at 21% tax rate $0.20 $483 [email protected] Approx. monthly principal paydown portion (equity) $0 $0 Approx. monthly principal paydown portion (equity) $1.11 $2,619 Tax benefit on rent deduction at 21% tax rate $0.63 $1,487 Tax benefit on interest deduction at 21% tax rate $0.32 $752 Tax benefit on operating costs at 21% tax rate $0.10 $231 Tax benefit on operating costs at 21% tax rate $0.22 $521 PATTY GRIFFIN GLOBA $0.00 $0 Lease income $0.00 $0 Senior Loan Officer $0 $0 Interest on startup cost difference (net of 21% tax) -$0.10 -$247 (805) 689-7974 $0.73 $1,719 $1.75 $4,128 [email protected] NET COST after lease benefits $2.74 $6,466 NET COST after ownership benefits excl. appreciation $1.93 $4,551

Est. appreciation benefit, per month $0.00 $0 Est. appreciation benefit, per month: $0.92 $2,167 Bank 1st Trust Deed

NET COST after lease benefits $2.74 $6,466 NET COST after ownership benefits incl. appreciation $1.01 $2,384

Projected rent cost in Year 10:

Net rent cost (after tax benefits at 21% rate) $3.31 $7,805 JOSH WARNER Assumed annual rent escalation 3.0% GROWTH IN PROPERTY VALUE & OWNER EQUITY: Assistant Senior Vice President (818) 291-6227 Assumed annual appreciation rate of 2.0% Borrower down payment (10%) $130,000 [email protected]

Property Value Loan Balance Owner Equity

Year 5 $1,435,305 $1,031,850 $403,455 Year 10 $1,584,693 $843,560 $741,132 Year 15 $1,749,629 $614,965 $1,134,664 * see financing assumptions in next section. Year 25 $2,132,788 $0 $2,132,788 ** see inputs section below for assumptions.

| 17 | THIRTY FOUR FIFTY WEST AMENITIES

| 18 | THIRTY FOUR FIFTY WEST AREA DEMOGRAPHICS

POPULATION Studio City: 48,533 Burbank: 107,702 Hollywood: 90,322

MEDIAN AGE Studio City: 38 Burbank: 41.7 Hollywood: 34.8

EDUCATION | 4-YEAR COLLEGE DEGREE Studio City: 49.4% Burbank: 29.0% Hollywood: 30.0%

MEDIAN HOUSEHOLD INCOME Studio City: $108,632 Burbank: $67,317 Hollywood: $41,307

MEDIAN HOME PRICE Studio City: $1,900,000 Burbank: $710,000 - $1,154,000 Hollywood: $949,000

RENT VS. OWN Studio City: 55.9% vs. 44.1% Burbank: 56.4% vs. 43.6% Hollywood: 92.4% vs. 7.6%

| 19 | THIRTY FOUR FIFTY WEST LOCATOR MAP

| 20 | THIRTY FOUR FIFTY WEST DRIVING DISTANCE MAP

| 21 | THIRTY FOUR FIFTY WEST TRANSIT MAP

| 22 | THIRTY FOUR FIFTY WEST LOCAL AMENITIES

ENTERTAINMENT/ 12. NBC Universal Building 7. In ‘n Out Burger Bubba Gump Shrimp Co. Subway • Taco Bell MEDIA COMPANIES 13. Universal Studios 8. Miceli’s Buca di Beppo • Cinnabon The Crepe Cafe 1. Extasy Recording Studio 14. Universal City Walk 9. Poquito Mas Dongpo Kitchen Tony Roma’s • Vivo Italian Kitchen 2. DG Entertainment Good Neighbor Hard Rock Cafe Wasabi at CityWalk 3. Creature Effects SOCIAL Vegetable It’s Sugar • Jamba Juice 4. Joke Productions (DINING & GYM) 10. Panda Express Margaritaville OTHER Abominable Pictures 1. Kalye Hits 11. Spitz Studio City Johnny Rockets 1. Hilton L.A./Universal City Panasonic Tokyo Cube 12. Carls Jr. Karl Strauss Brewing Co. 2. Sheraton Universal Extreme Reach 2. Veggie House 13. The Baked Potato KFC Express EPS-Cineworks 3. Starbucks 14. Fatburger Pizza Hut Express M METRO STATION 5. Added Value Marketing Breakroom Bar Fernandas NY Pizza Ludobird • Menchie’s 1. Metro Station 6. Moving Art Pictures and Cafe Subway Mini Monster Universal City/Studio City 7. Atlas Digital Kaban Persian Restaurant 15. Solo Spin Panda Express 8. LA Studios Cold Pressed Juice Bar 16. LA Fitness Pink’s Famous Hot Dogs SUBJECT PROPERTY 9. Digital Film Tree 4. nrGIZE 17. Ricky’s Boxing Gym Pizza Hut Express • Poke Bar 3450 Cahuenga Blvd. 10. KPFK 90.7 FM 5. Mercado 18. Universal City Walk: Samba Brazilian Steakhouse Los Angeles, CA 11. Media Storage Group 6. Joe’s Falafel Ben and Jerry’s • Blaze Pizza Smashburger • Starbucks

| 23 | THIRTY FOUR FIFTY WEST AREA AMENITIES

| 24 | THIRTY FOUR FIFTY WEST MARKET AREA & OVERVIEW MARKET AREA & OVERVIEW

Lodged squarely in the Cahuenga Pass, THIRTY FOUR FIFTY WEST is at the center of a triangle that connects Hollywood with Studio City and the Burbank Media District. The Cahuenga Pass has served as a connector for Hollywood for over a century – filmmaker Cecil B DeMille rented a wood cabin there in 1914 and rode daily to his studio on horseback with a revolver on his hip – and today, it continues that tradition, putting just about every entertainment and media-related business within a stone’s throw of the property. Industry workers and residents can travel to any of these distinct Los Angeles submarkets in a mere five minutes, conceivably meeting with a screenwriter at Studio City’s CBS Studios, a production designer in Burbank and financial partners in Hollywood all before lunch. Burbank, Media Capital of the World Nearby in Burbank’s Media District are Walt Disney Company, Warner Brothers, Cartoon Network and Clear Channel Communications along with 700 media-related companies such as special effects, digital houses and production studios.

| 26 | THIRTY FOUR FIFTY WEST MARKET AREA & OVERVIEW

The entertainment and media industries account for 30 percent and No. 20 “Best Neighborhoods for Millennials.” StreetAdvisor. of Burbank’s 150,000 workforce population, creating not only an com ranks Studio City the No. 3 Best Neighborhood in L.A.” industry cluster for anyone setting up shop at THIRTY FOUR FIFTY Universal City and a Working Studio WEST, but also offering a market for anyone selling residential condos at the property. Just down the road Universal City beckons tourists to one of the premier Los Angeles theme parks in the world. Less visible are Studio City, Where the Stars Seek Privacy the teams of industry professionals who spend their days at the Though smaller, the Studio City submarket is similarly characterized working studios and sound stages that share the same campus. by media and entertainment tenants and residents. It was here on a Universal Studios Hollywood pretty much comprises all of Universal 20-acre campus that Mac Sennett set up a film studio in the 1920s. City, and its growth has been so explosive in recent years that Hilton The campus later became CBS Studio Center, the centerpiece of Los Angeles/Universal City is planning a 15-story tower expansion the Studio City real estate development. and Sheraton Universal is planning to construct a 31-story,551- Today Studio City is still a community for the entertainment industry, room addition. albeit those that prefer a more private and low-key lifestyle. It’s not Walk to Amenities unusual to see the likes of Selma Blair, Selena Gomez, Vanessa Hudgens or Katherine McPhee darting in or out of Studio City’s The immediate surrounding area of THIRTY FOUR FIFTY WEST main commercial street, Ventura Boulevard, to a local spa or offers a host of food and drink establishments, an LA Fitness facility workout class. and a public park, all within a safe, pedestrian friendly environment. At the same time, the property offers easy access to the Ventura/ Studio City’s stretch of Ventura Boulevard is peppered with Hollywood (101) Freeway and the Universal City Metro Red Line boutiques such as William B + Friends for women’s apparel, stop. Architexture for home furnishings and lifestyle store mag.pi, along with chain stores including The Gap, Sephora and Urban Outfitters. There are pilates studios, yoga studios and barre studios and restaurants serving everything from sushi to organic farm fresh fare. The Studio City Farmers Market, held each Sunday on a street just off Ventura Boulevard, was named “Most Kid Friendly Farmers Market” by Los Angeles magazine for its petting zoo, pony rides, inflatable slides and other attractions for kids. These amenities, along with a luxury community of hillside homes with a median price of $1.6 million, have earned Studio City the No. 9 ranking (of 113) in Niche’s Best Neighborhoods to Live in L.A.

| 27 | THIRTY FOUR FIFTY WEST SOME PROJECT AREA NEIGHBORS

#thirsty #shops #restaurants #nightlife

The Hollywood Hills project area offers a The Hollywood Hills project area offers a Casual and upscale, many of these From jazz to salsa, there is sophisticated array of pubs and cocktail sophisticated array of pubs and cocktail eateries also offer special events like something for every taste. Many of lounges for the upscale clientele that live lounges for the upscale clientele that live wine nights where bottles are served these popular night spots also serve and work in the area. and work in the area. half off. dinner. ArchiteXture Mercado Hollywood Ca del Sole The Baked Potato 3787 Cahuenga Blvd 3413 Cahuenga Blvd W 12232 Ventura Blvd 4100 Cahuenga Blvd Jazz fusion and yes, baked potatoes More than 70 tequila options. Custom furniture & one-of-a-kind Garden patio and happy Need we say more? accessories hour all night long The Gray Tavern Smoke House 10964 Ventura Blvd 4016,4420 Lakeside Dr Cocktails with fresh juices For meat lovers and star and custom ingredients gazers Hotel Cafe 1623 1/2 N Cahuenga Blvd Laurel Tavern Vege-ta-ble This way to discover a singer-songwriter 11938 Ventura Blvd Stacey Todd Boutique 3711 Cahuenga Blvd W Craft beer on tap 13025 Ventura Blvd Comfy plant-based Isabel Marant, Phillip Lim and organic Black Market Liquor Bar more Sugarfish by Sushi 11915 Ventura Blvd Nozawa Craft cocktails + 5 Kinds 11288 Ventura Blvd of Bloody Marys “Trust Me” menu Firefly Calleen Cordero 11720 Ventura Blvd Mister O’s Joe’s Falafel Lounge or dine till the wee hours 11838 Ventura Blvd 13019 Ventura Blvd 3535 Cahuenga Blvd W Wine Wednesdays and Handmade No pretense Mediterranean more The Six Chow House 12650 Ventura Blvd #entertainment Share with six Rain Bar & Lounge 12215 Ventura Blvd Salsa si! Universal Studios Bookstar Pace Restaurant 12136 Ventura Blvd 2100 Laurel Canyon Blvd City Walk Artful organics 1000 Universal City Yes Virginia there is a Plaza bookstore and it’s housed in Miceli’s Three blocks of movies, food, shops, dancing, and if an old movie theater that’s not enough, indoor skydiving. 3655 Cahuenga Blvd Bring on the singing waiters #Hotels #sushi row Spitz 3737 Cahuenga Blvd Mediterranean street food Sheraton Universal Ventura Boulevard in Studio City Asanebo The Sushi House Dai Chan 333 Universal Hollywood Dr is ground zero for some of the 11941 Ventura Blvd 11388 Ventura Blvd 11288 Ventura Blvd Good Neighbor best sushi restaurants in L.A. So Nomura Kazu Sushi Katsu-ya Hilton Los Angeles/Universal City 3701 Cahuenga Blvd 555 Universal Hollywood Dr much so that it’s been dubbed 14622 Ventura Blvd 11440 Ventura Blvd 11680 Ventura Blvd Bring the family for break- Sushi Row. Iroha Sushi Daiwa Sushi Sugarfish fast & lunch BLVD Hotel & Spa 12953 Ventura Blvd 12415 Ventura Blvd 1128 Ventura Blvd 10730 Ventura Blvd

Neighbors Neighbors Neighbors

| 28 | THIRTY FOUR FIFTY WEST FOR MORE INFORMATION PLEASE CONTACT:

SCOTT ROMICK Principal/Managing Director 818.933.0305 [email protected] BRE # 01323527

DARREN CASAMASSIMA Principal 818.933.0303 [email protected] BRE # 01425638

Lee & Associates®-LA North/Ventura, Inc. Corporate ID #01191898 A Member of the Lee & Associates Group of Companies 15250 Ventura Boulevard, Suite 100 Sherman Oaks, CA 91403 818.986.9800 Main | 818.933.0405 Fax

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.