351 - 353 S LA BREA AVE.O F F E R I N G M E M O R A N D U M

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TABLE OF CONTENTS

EXECUTIVE SUMMARY 3

PROPERTY IMAGES & PLAT MAP

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MARKET OVERVIEW 6

DISCLAIMER 7

CONTACT INFORMATION 8

PRESENTED BY

Paloma Realty Partners, Inc. as exclusive advisor is pleased to present the unique opportunity to acquire an asset in one of the most robustly transformational neighborhoods in Los Angeles. This two-story mixed use property is ideally located at the epicenter of the Purple Line extension of Wilshire / La Brea. This is truly a one-of-a-kind trophy asset with reputable tenants and room for NOI improvement.

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EXECUTIVE SUMMARY - OFFERING DESCRIPTION351-353 S La Brea is a very unique property offering 6,240 SF of building space, situated on 4,203 SF lot. The properties are located in walking distance to The Grove and are within a half-mile of the newly projected Metro Purple Line extension at Wilshire / La Brea. The property is in close proximity to the La Brea Tar Pits, Petersen Auto Museum, El Rey Theater, major hospitals and schools. The subject property as a whole is yielding approximately $179,712 per year in net revenue. With the right tenants in place at a respectable purchase price, the new owner will be in an outstanding position for strong long-term cash flow.

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PROPERTY DETAILS

ADDRESS 351-353 South La Brea Ave, Los Angeles CA 90036

CONSTRUCTION MasonryLOT SF 4,203 SF (0.10 Acres) (40’ x 105’) TOTAL BUILDING SF / STORIES 6,400 SF / 2 Stories

FIRST FLOOR Office/Retail SECOND FLOOR Residential/OfficePARKING 4 Free Surface (6.4/1,000sf)PARCEL NUMBER 5508-001-013ZONING LAC2BUILDING FAR 1.49WALK / TRANSIT SCORE 91 / 60 (only to improve)YEAR BUILT 1929

OFFERING TERMS

PURCHASE PRICE UndisclosedOCCUPANCY 100%IN-PLACE NOI $179,712PRO-FORMA NOI (AT MARKET RATE RENTS)

$224,640

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CURRENT TENANTSVienna Woods Inc.Paint and SipSeeds of Life

EveleighTwo Apartments

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MARKET OVERVIEW - MIRACLE MILEWith service beginning at Union Station in DTLA and currently extending to the Wilshire and Western intersection, the Purple Line of the Los Angeles Metro Light Rail system serves the most densely populated districts in all of LA. The case studies for how neighborhoods have been positively affected due to newly constructed Metro stations are abundant. Koreatown and Mid Wilshire have been transformed into one of the most highly desirable development targets in the Greater LA Basin. Over the next decade, the ripple effect on neighborhoods, both commercial and residential, due to newly constructed stations at La Brea, Fairfax, and La Cienega will continue to be the influx of investment and development activity.

As a transitional submarket between Beverly Hills and Mid Cities, Miracle Mile has been home to some of the world’s most prominent entertainment companies and cultural destinations around. LACMA, La Brea Tar Pits, The Academy Awards Museum, and the Petersen Automobile museum bring both local and international tourists while office complexes such as Wilshire Courtyard and Museum Square have housed the likes of SBE, SAG/AFTRA, The Hollywood Reporter, and Edelman.

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STATISTICS WITHIN 1 MILE OF PROPERTY

POPULATION41,427 (‘18-’23: +2.6%)

HOUSEHOLDS19,996

AVERAGE AGE37.4

MEDIAN HOUSEHOLD INCOME$81,554

DAYTIME EMPLOYEES28,923

This presentation has been prepared by Paloma Realty Partners, Inc. (“PRP”) on the basis of information obtained from PRP’s client (the “Owner”) and other public sources, as of the specified date. Neither PRP nor the Owner undertake any duty or obligation to update the information. Neither PRP nor the Owner makes or gives any representation, warranty or guarantee, whether express or implied, that the information contained in this presentation or otherwise supplied to the recipient, at any time by or on behalf of PRP or the Owner whether in writing or not, relating to the offering discussed herein is complete or accurate or that it has been or will be audited or independently verified, or that reasonable care has been taken in compiling, preparing or furnishing the information. This presentation provides a guide only and it is not intended to be exhaustive and, in particular, does not contain disclosure of any of the risks associated with the opportunity. This presentation is not to be construed as investment, tax or legal advice in relation to the relevant subject matter. You must seek your own legal or other professional advice. This presentation contains statements that are forward-looking statements. These forward-looking statements, which are subject to numerous risks, uncertainties and assumptions, include projections of future financial performance, anticipated growth strategies and anticipated trends in the business. These statements are only predictions based on current expectations and projections about future events, subject to change due to actual results, level of activity, performance or achievements. Any estimate or forecast contained in this presentation is not a promise or representation by PRP or the Owner as to future matters and nothing contained in the information should be relied upon as a representation as to future matters. The projections based on financial and other pro forma data set forth in this presentation were not prepared with a view toward compliance with U.S. Generally Accepted Accounting Principles or any other published standards. Projections and other pro forma data are derived from estimates, as of the date of this presentation, based on certain hypothetical assumptions, which are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Independent estimates about the future benefits of the opportunity and pro forma data should be developed by investors before any decision is made on whether or not to invest in the opportunity and investors should not rely on the projections and pro forma data contained herein. Summaries of any documents about the opportunity discussed herein are not intended to be comprehensive or all inclusive, but rather only outline some of the provisions contained therein and are qualified in their entirety by the actual document to which they relate. This presentation does not constitute an offer or invitation to make an investment, in any form, in the opportunity discussed herein. It has been prepared to obtain indications of interest about an investment to be made which will only be made upon the basis of the negotiations and executions of full investment documentation. This is not an offer of an investment opportunity in any jurisdiction where it is prohibited or where a pre-filing or other action is required. You understand that the information is confidential and is furnished solely for the purpose of your review in connection with the opportunity discussed herein. You further understand that the information is not to be used for any other purpose or made available to any other person without the express written consent of PRP. This offering is subject to prior placement and withdrawal, cancellation or modification without notice.

DISCLAIMER

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