O F F E R I N G M E M O R A N D U M

6302 N BECK AVE & 11505 SYLVAN STNORTH HOLLYWOOD, CA

C l i c k H e r e T o V i e w V i d e o

EXCLUSIVELY LISTED BY

DANIEL WITHERSSenior Vice President & Senior Director

DIRECT +1 (818) 923-6107MOBILE +1 (310) 365-5054daniel.withers@matthews.comLic No. 01325901 (CA)

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TABLE OF CONTENTS

04PROPERTYOVERVIEW

12AREA

OVERVIEW

28FINANCIALOVERVIEW

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PROPERTYOVERVIEW

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Matthews Real Estate Investment Services™ is pleased to offer 6302 N Beck Avenue, an 11-unit multifamily building comprised of two and three-bedroom units, and 11505 Sylvan Street, three-bedroom single-family home in North Hollywood, CA.

Property is not subject to Los Angeles rent control.

Built in 2020, the properties showcase contemporary finishes including vinyl plank flooring, stainless steel microwaves and stoves, and modern kitchens and bathrooms. The apartment units are individually metered for gas and electric and master-metered for water. The single-family home operates on electric only. 6302 N Beck offers secure gated parking with 24 stalls and the 11505 Sylvan Street features a two-car garage.

Located in the heart of North Hollywood, the property is just minutes away from the NOHO Arts District offering tenants access to contemporary theaters, art galleries, cafes, nightlife, art classes, and shopping. The property’s proximity to the 170/Hollywood Freeway provides easy access to surrounding neighborhoods in Los Angeles as well as the 101 & 134 Freeways. Public transportation options include the North Hollywood Metro Station – Red Line which connects the property to the rest of the San Fernando Valley, Hollywood, Downtown Los Angeles, and Union Station.

**11505 Sylvan St –Owner has taken steps with the City of Los Angeles to complete a lot split which would open up the door for Single Family Residence to be sold individually at a later date. In order to get lot split finalized requires paying Recreation and Park fees. Buyer to confirm with City Planner at (818) 374-5051.**

THE OPPORTUNITY

ADDRESS6302 N Beck Ave & 11505 Sylvan StNorth Hollywood, CA 91606

PROPERTY Non-Rent Control

YEAR BUILT 2020

BUILDING SF ± 15,311 SF

LOT SIZE ± 0.49 AC

NUMBER OF UNITS 12

6302 N BECK AVE & 11505 SYLVAN STNORTH HOLLYWOOD, CA

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6302 N BECK AVE

11505 SYLVAN ST

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V I C T O R Y /T U J U N G A 1 6 4

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CALIFORNIACALIFORNIA

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AREAOVERVIEW

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North Hollywood is a neighborhood in the east San Fernando Valley region of the city of Los Angeles. It is home to the NoHo Arts District and the Academy of Television Arts & Sciences, and it has seven public and eight private schools. Once a gritty suburb, North Hollywood has transformed into the Valley’s go-to cultural hub over the last decade with an influx of dance studios, art galleries, and acting workshops—and still no shortage of strip malls.

For generations, the San Fernando Valley has been the home of legends. Bob Hope, Ron Howard, Gene Autry, Sally Field, Clark Gable, John Wayne, Tom Selleck, and countless others have called the Valley, home. Today, corporate stars have become

business legends in their own right. Among those who make NoHo their home are: Universal Studios Hollywood, Universal Studios & Music, The Walt Disney Company, Warner Brothers, DreamWorks SKG, NBC, Litton Industries, Boeing-Rocketdyne Propulsion, and Power, Countrywide Credit, Academy of Television Arts & Sciences, Nestle USA, Nickelodeon Animation Studios, CBS Studio Center, Pinkerton, and Wellpoint Health Networks. NoHo’s highly educated workforce, well-developed infrastructure, hospitable climate, business-friendly municipal governments, and strategic position along the Pacific Rim have combined to facilitate the establishment of more than 50,000 small businesses.

NORTH HOLLYWOOD, CALIFORNIA

INCOME 1-MILE 3-MILE 5-MILE

2020 Avg. Household Income

$68,885 $95,077 $102,935

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

2025 Projection 14,201 113,681 238,003

2020 Estimate 13,937 110,666 232,055

2010 Census 13,642 105,979 223,368

Growth: 2020 to 2025 1.89% 2.72% 2.56%

Growth: 2010 to 2020 2.16% 4.42% 3.89%

POPULATION 1-MILE 3-MILE 5-MILE

2025 Projection 43,521 306,479 648,076

2020 Estimate 42,848 299,406 632,860

2010 Census 42,275 289,086 610,769

Growth: 2020 to 2025 1.57% 2.36% 2.40%

Growth: 2010 to 2020 1.35% 3.57% 3.62%

DEMOGRAPHICS

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The NoHo Arts District is a community in North Hollywood, Los Angeles, California, that is home to contemporary theaters, art galleries, cafes, and shops. The community is generally bounded by Hatteras Street to the north, Cahuenga Blvd to the east, Tujunga Ave to the west, and Camarillo Street to the south. The area features more than twenty professional theaters, producing new work and classics, diverse art galleries, public art, and professional dance studios. The district also features the largest concentration of music recording venues west of the Mississippi. A Metro Rail station is located here, the North Hollywood station of the Red Line, and serves as the terminus of the Metro Orange Line busway.

Business and theater owners in the Universal City/North Hollywood Chamber of Commerce established a theater and arts district in 1992 with support from the Los Angeles Department of Cultural Affairs. They chose “NoHo”, a play off the well-known SoHo Arts District neighborhood of New York City.

Today, The NoHo Arts District, in conjunction with greater North Hollywood, is being transformed into a regional center, in large part as a result of the construction of Metro Stations for the Red Line and the Orange Line, two lines that have made the neighborhood into a regional hub for the San Fernando Valley. Medium- and high-density developments are being built around the Metro Station, making the Arts District a center of citywide development, with the intent of creating a walkable urban village. North Hollywood’s landscape (and the Art’s District as a result) has been transformed in recent years, with condominium towers (including a fifteen-story building on Lankershim Boulevard being built in the midst of older one-story bungalows and small apartment complexes.

The theater district includes two new large venues that expand upon existing theaters, the newly redesigned NoHo Arts Center (formerly the American Renegade Theatre) and the redesigned Historical El Portal. They add to the existing 31 theaters located in and around the NoHo Arts District. NoHo Commons, developed by J.H. Snyder Company, is located near the NoHo Arts District’s commercial core and subway station. The $100-million, 292-unit loft apartment project by Snyder was the first segment to be completed of NoHo Commons, part of a “transit village” taking form at the terminus of the Metro Red Line subway and the Orange Line busway. The NoHo Commons construction and development consisted of three phases, complete with the construction of a Laemmle Theatre. Phase III also consisted of the construction of an eight-story office on the corner of Lankershim and Weddington in 2009. The building’s primary tenant is currently the Art Institute of California-Hollywood. NoHo 14, a 180-unit, fourteen-story apartment building, was built in 2004 as one of the first large-scale developments in the neighborhood.

Currently, the NoHo Arts District, in conjunction with the Community Redevelopment Agency-Los Angeles, is working on beautification efforts to make the area more appealing to businesses. The current focus is primarily on revamping storefronts on Lankershim Blvd and Magnolia Blvd with Burbank Blvd to follow.

North Hollywood plans a mixed-use development at Lankershim and Chandler, surrounding the Metro Red and Orange line terminals. The projects would re-develop 15.6 acres with 1,720,000 square feet of commercial and residential space. The first would be a smaller development with 750 residential units, 40,500 square feet of retail space, and 200,000 square feet of offices. The second would include 1,500 units of housing, 150,000 square feet of retail, and 450,000 square feet of offices (and 5,400 parking spaces).

NOHO ARTS DISTRICT

NOHO GROWTH

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A transformation is underway for this new mixed-use lifestyle center at the current Macy’s site on Laurel Canyon Boulevard at Oxnard Street in North Hollywood. The redevelopment will repurpose the existing Macy’s building to serve office and retail uses, and incorporate a walkable main street retail concept and amenity-rich residential apartments. The design for the site layout weaves the new development into the existing fabric of the neighborhood to include shopping, working and leisure that compliments the active and contemporary NOHO West community.

NOHO West will offer expanded retail shopping opportunities around a large open-air plaza, an office building, new residences, and abundant public open spaces. The retail main street may include a mix of regional retailers, restaurants, and cafes, a specialty market and cinema. This anticipated mix of uses will create a unique opportunity to live, work and shop in a walkable, vibrant setting.

The proposed site plan is organized around the new central plaza and retail-lined main street connecting Oxnard Street to Laurel Canyon Boulevard, parallel to the freeway. New office space in the renovated Macy’s building and the second story theatre over Building D front the plaza and activate the main street. New amenity-rich residential buildings provide a graceful transition to the surrounding residential neighborhood to the North and East. The edges of the project are designed to minimize the impact on the surrounding neighborhood with shorter 3-story building heights, traffic mitigation, and generous landscaped buffer areas. The proposed mix of uses provides existing and new residents of North Hollywood the opportunity to live, work, dine, shop, and play all within a vibrant walkable neighborhood setting.

FOUR BLOCKS OF SHOPS, RESTAURANTS AND OFFICES

MIX OF LOCAL AND NATIONAL RETAILERS

A STATE-OF-THE-ART, MULTI-SCREEN MOVIE THEATER WITH FULL-SERVICE DINING AND RESERVED SEATING

OFFICE SPACE OCCUPYING THE RENOVATED MACY’S BUILDING

AMENITY-RICH RESIDENTIAL APARTMENT UNITS

OVER TWO ACRES OF OPEN SPACE

S A L E

NOHO WEST

NOHO WEST SITE PLAN

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Hollywood Burbank Airport, legally Bob Hope Airport, is a public airport 3 miles northwest of downtown Burbank, in Los Angeles County, California. The airport serves Downtown Los Angeles and the northern Greater Los Angeles area, including Glendale, Pasadena, and the San Fernando Valley. It is closer to Griffith Park, Hollywood, and Downtown Los Angeles than Los Angeles International Airport (LAX), and is the only airport in the area with a direct rail connection to downtown Los Angeles. Non-stop flights mostly serve cities in the western United States, while JetBlue Airways has daily flights to New York City and Boston.

Originally the entire airport was within the Burbank city limits, but the north end of Runway 15/33 has been extended into the city of Los Angeles.

The airport is owned by the Burbank-Glendale-Pasadena Airport Authority and controlled by the governments of those cities. The Airport Authority contracts with TBI Airport Management, Inc. to operate the airport, which has its own police and fire departments, the Burbank-Glendale-Pasadena Airport Authority Police. Boarding uses portable boarding steps or ramps rather than jet bridges.

BOB HOPE AIRPORT

The Academy of Television Arts & Sciences (ATAS), also colloquially known as the Television Academy, is a professional honorary organization dedicated to the advancement of the television industry in the United States.

Syd Cassyd, the founder, considered television a tool for education and envisioned an organization that would put outside the “flash and glamor” of the industry and become an outlet for “serious discussion” and awards the industries “finest achievements”. In 2016, producer Hayma Washington was elected chairman and CEO of the Academy of Arts and Sciences, becoming the first African-American to hold the position.

In 2014, alongside its Hall of Fame induction ceremony and announced plans to expand its headquarters, the organization announced that it had changed its public brand to the Television Academy, with a new logo designed by Siegel + Gale. The new branding was intended to downplay the organization’s antiquated formal name in favor of a more straightforward identity, and features a separating line (typically used to separate the organization’s wordmark from a simplified image of the Emmy Award statuette) used to symbolize a screen, and also portrayed as a “portal”.

ACADEMY OF TELEVISION ARTS & SCIENCES

Universal Studios Hollywood is a film studio and theme park in the San Fernando Valley area of Los Angeles County, California. About 70% of the studio lies within the unincorporated county island known as Universal City while the rest lies within the city limits of Los Angeles, California. It is one of the oldest and most famous Hollywood film studios still in use. Its official marketing headline is “The Entertainment Capital of LA”. It was initially created to offer tours of the real Universal Studios sets and is the first of many full-fledged Universal Studios Theme Parks located across the world.

Outside the theme park, a new, all-digital facility near the Universal Pictures backlot was built in an effort to merge all of NBCUniversal’s West Coast operations into one area. As a result, the current home for KNBC, KVEA and NBC News with Telemundo Los Angeles Bureaus with new digital facility is on the Universal lot formerly occupied by Technicolor SA. Universal City includes hotels Universal Hilton & Towers, the Sheraton Universal Hotel, and Universal CityWalk, which offers a collection of shops, restaurants, an 18-screen Universal Cinema, and a seven-story IMAX theater. In 2017, the park hosted 9,056,000 guests, ranking it 15th in the world and 9th among North American parks.

UNIVERSAL STUDIOS HOLLYWOOD

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S U B J E C T P R O P E R T Y

MAJOR STUDIOS

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Southern California’s San Fernando Valley, encompassing the City of Burbank, City of Calabasas, City of Glendale, City of Los Angeles and City of San Fernando.

The San Fernando Valley is an urbanized valley in Los Angeles County, California in the Los Angeles metropolitan area, defined by the mountains of the Transverse Ranges circling it. Comprised of nearly 350 square miles of prime southland real estate, the San Fernando Valley is home to more than 1.8 million residents. About 80 percent of the San Fernando Valley is actually part of the City of Los Angeles, but the Valley also includes other independent cities which are attractive locations for business: Burbank, Calabasas, Glendale, Hidden Hills, and San Fernando.

In addition to the many popular studio tours, historical sites, theaters and museums, the San Fernando Valley offers an incredible array of fine dining, shopping, lodging and recreational opportunities, along with world-class attractions at each of the scenic entrances to our Valley, including the magnificent new Getty Center, the Hollywood Bowl and the Los Angeles Zoo at the southern entrances; the site of the granddaddy of all college bowl games — the Rose Bowl — at the east; the Ronald Reagan Presidential Library at the west; and the tallest, fastest roller coasters in the world at Six Flags Magic Mountain to the north.

SAN FERNANDO VALLEY

As home to the world’s major movie studios, the San Fernando Valley is where celebrities live, work, and play. It’s made up of gorgeous suburbs and mini-malls. Major network and movie

studios call it home

MAJOR EMPLOYERS

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ENTERTAINMENTPARAMOUNT PICTURES LOTSan Fernando Valley boasts one of the nation’s largest concentrations of entertainment activity, home to some of the most well-known companies including The Walt Disney Company, Warner Brothers Ent., Universal Studios, Paramount Pictures, CBS Studios, DreamWorks, Starz Media, ABC Inc., and Nickelodeon Animation. Combined, these companies alone employ over 22,900 workers. Warner Brothers is headquartered at their 142-acre studio lot in Burbank, one of the most notable motion picture and television production facilities in the world.

$120 BILL IONECONOMIC IMPACT

±837,000JOBS SUPPORTED

TRANSPORTATIONHOLLYWOOD BURBANK AIRPORTSituated near local communities, business centers, the entertainment industry, and recreational facilities, Van Nuys Airport (VNY) and Hollywood Burbank Airport (BUR) serve as major economic engines for the San Fernando Valley. Based on the most recent data available, these two hubs combine to generate a $3.8 billion economic impact while supporting over 22,000 jobs annually. BUR hosted approximately 5.2 million passengers in 2018, which equates to a 11% increase annually.

$3.8 B ILL IONECONOMIC IMPACT

±22,000JOBS SUPPORTED

ORANGE LINE EXTENSIONConstruction is underway on a $393 million project that will significantly speed up service along the Orange Line bus route. Already among the most popular public transit lines in The Valley, services through the Orange Line are forecast to speed up by 20% with the construction of crossing gates at 35 intersections, helping buses avoid traffic along San Fernando Valley’s busy corridors. Additionally, a pair of aerial bridges will be built at Sepulveda and Van Nuys Boulevard, in addition to new stations above the streets. Construction on all phases of the project are forecast to be completed by 2025 in time for then 2028 Los Angeles Olympics. Decades after completion, Metro plans to convert this line into a light rail corridor that is expected to open by 2057.

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1. UNIVERSAL STUDIOS HOLLYWOOD

2. HOLLYWOOD BOULEVARD

3. RODEO DRIVE

4. THE GETTY

5. HOLLYWOOD BURBANK AIRPORT

6. VAN NUYS AIRPORT

7. THE GREAT WALL OF LOS ANGELES

8. VALLEY RELICS MUSEUM

9. STARLIGHT BOWL

10. THE SORAYA

11. BURBANK TOWN CENTER MALL

12. VENTURA BOULEVARD

13. VILLAGE AT WESTFIELD TOPANGA

ONE OF LOS ANGELES’ TRUE CULTURAL LANDMARKSAND ONE OF THE COUNTRY’S MOST RESPECTED AND

LARGEST MONUMENTS TO INTER-RACIAL HARMONY

OFFERS A CHOICE OF MORE THAN 170 RETAIL SHOPS, RESTAURANTS, ENTERTAINMENT VENUES AND LIFESTYLE SERVICES

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ONE OF THE OLDEST AND MOST FAMOUS HOLLYWOOD FILM STUDIOS “THE ENTERTAINMENT CAPITAL OF LA”

UNIVERSAL STUDIOS HOLLYWOOD

LA CULTURAL ICON, WITH MUSEUMS, LANDMARKS AND OTHER HOLLYWOOD ATTRACTIONS THAT CELEBRATE L.A.’S RICH FILM AND ENTERTAINMENT HERITAGE

HOLLYWOOD BLVD

ONE OF THE MOST FAMOUS STREETS ON THE GLOBE WITH MORE THAN 100 WORLD-RENOWNED STORES

RODEO DRIVE

FRIENDLIEST, MOST CONVENIENT AIRPORT FOR FLYING TO OR FROM LOS ANGELES, HOLLYWOOD, AND THE SAN FERNANDO VALLEY

HOLLYWOOD BURBANK AIRPORT

THE MAIN BRANCH OF THE WORLD-CLASS MUSEUM MAY LOOK LIKE AN ELEVATED MODERNIST CITY

THE GETTY CENTERRANKS AS ONE OF THE WORLD’S BUSIEST GENERAL

AVIATION AIRPORTS & AVGS OVER 230,000TAKEOFFS AND LANDINGS ANNUALLY

VAN NUYS AIRPORT

ONE OF LOS ANGELES’ TRUE CULTURAL LANDMARKSAND ONE OF THE COUNTRY’S MOST RESPECTED AND

LARGEST MONUMENTS TO INTER-RACIAL HARMONY

GREAT WALL OF LOS ANGELES

BOASTS ITS VAST COLLECTION OF HISTORICALARTIFACTS PERTAINING TO THE SAN FERNANDO

VALLEY AND SURROUNDING AREAS

VALLEY RELICS MUSEUM

CONVENIENT LOCATION AND SEATS 3,000 IN CHAIRBACK SEATING AND 2,000 MORE ON THE LAWN

FOR A TOTAL CAPACITY OF 5,000

STARLIGHT BOWL

PERFORMANCE PROGRAM OF ±50 MUSIC, DANCE, THEATER, AND INTERNATIONAL EVENTS

THE SORAYA

OFFERS A CHOICE OF MORE THAN 170 RETAIL SHOPS, RESTAURANTS, ENTERTAINMENT VENUES AND LIFESTYLE SERVICES

BURBANK TOWN CENTER

RUNNING 18 MILES, VENTURA BLVD IS THE WORLD’S LONGEST AVENUE OF CONTIGUOUS BUSINESSES

VENTURA BLVD

2.1 MILLION SF OF RETAIL GLORY & EVERYDAY STOP FOR WOODLAND HILLS

LOCALS AND A DESTINATION POINT

VILLAGE AT WESTFIELD

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SAN FERNANDO VALLEY DEVELOPMENTS

“24”: THE NEW BRATZ DOLLS HEADQUARTERSThis office campus will incorporate creative office, residential, and retail space on a 24-property that was once home to a Los Angeles Times printing plant. New structures holding 660 apartments and ground-floor retail space will be built around the offices, which will serve as the headquarters for MGA Entertainment. The campus will also feature considerable resident amenities, including two pools, community gardens, outdoor walking tracks, and an open-air amphitheater.

WESTFIELD’S MAKEOVER OF WARNER CENTERDeveloper Westfield is planning a major overhaul of the old Promenade mall site that will bring 1,400 housing units and two hotels (with a total of 572 rooms) to the 34-acre site. New streets and pathways will be built throughout the site, breaking up all of the new buildings. It will also include a central 1-acre public square and parks and courtyards throughout. The developer’s planning to erect the project in phases. The estimated price tag: $1.5 billion.

21031 WARNER CENTER LANEA planned 24-acre complex in Warner Center could bring about 1,000 apartments and condos, a 24-story hotel, and a trio of 15-story office buildings to a site near De Soto and Burbank avenues. The project would transform the Warner Center Corporate Park, which is now occupied by a collection of low-rise buildings. Developer Michael Adler of Adler Realty told the Daily News that he expected to receive the city’s decision on the plans in roughly six months.

IZEK SHOMOFF’S REDO OF PANORAMA TOWERS Downtown developer Izek Shomof wants to repurpose a 13-story midcentury office building designed by Welton Becket. His plan is to incorporate into housing and retail in the tower and to build an outdoor mall and parking structure to complement it. The high-rise has been empty since the 1994 Northridge earthquake. Shomof bought it in 2015, paying $12.5 million.

BURBANK TOWN CENTERThe Burbank Town Center’s Ikea has moved about 1 mile away, and developers Crown Realty and Development Inc. have big plans for the spot it left behind. They intend to raze the old Ikea and build 765 multi-family units; an additional 70 for-sale units would be built at 800 North San Fernando Boulevard. The rest of the mall would be thoroughly renovated, with the help of CAPREF Manager LLC, to include an open-air plaza and 40,000 square feet of new retail space.

THE ICON AT PANORAMA CITYBeverly Hills-based Icon Company plans to tear down three commercial buildings, including the shuttered Montgomery Ward, at Roscoe Boulevard and Tobias Avenue, to make way for seven new buildings measuring 584,000 square feet. That space would hold 423 units of multifamily housing plus 200,000 square feet of commercial floor area. At the center of all of that? A six-level parking garage with spaces for 1,690 cars.

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WEDDINGTON GOLF AND TENNIS MAKEOVERThe Weddington family wants to give their golf course a facelift, and the latest version of the plan includes constructing 200 apartments in a 41-foot-tall structure on about a quarter of the site along the way.

6606 VARIEL AVENot far from the Orange Line’s Canoga Station, developers Evolution Strategic Partners have plans for a residential project rising seven stories tall. Renderings on Urbanize LA show an E-shaped, 271-unit apartment building. The complex would have a pool and rooftop decks, plus two levels of parking.

8845 SEPULVEDA BLVDThis North Hills project—with 364 apartments—will replace a former plant nursery with a complex of four buildings ranging in height from 45 to 85 feet. Forty-four of the units will be earmarked for tenants with low incomes. The project also includes a parking garage with 557 spots, plus a swimming pool and a dog run.

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It’s time to stop thinking of the Valley as a sleepy suburb. From Chatsworth to North Hollywood, plans are in the pipeline to make neighborhoods more city-like, meaning denser and maybe more walkable and bikeable and more transit-friendly.

In the coming years, developers will build thousands of new units of housing, create open space, bring in new retailers, and build new offices, creating mini villages within neighborhoods.

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Los Angeles officially the City of Los Angeles and often known by its initials L.A., is the most populous city in California; the second most populous city in the United States, after New York City; and the third most populous city in North America, after Mexico City and New York City. With an estimated population of nearly four million people, Los Angeles is the cultural, financial, and commercial center of Southern California. The city is known for its Mediterranean climate, ethnic diversity, the entertainment industry, and its sprawling metropolis.

The City of Los Angeles holds many distinctions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, many of them world-class, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportunities like those presented in the expanding tech industry, Los Angeles is the place to be. It is the only city in North America to have hosted the Summer Olympics twice - and by

2028 the third time. Downtown L.A. is the largest government center outside of Washington, D.C. Los Angeles has the only remaining wooden lighthouse in the state (located in San Pedro’s Fermin Park) and the largest historical theater district on the National Register of Historic Places (located Downtown on Broadway).

Los Angeles is on the leading edge of several growth industries. The Los Angeles metropolitan area, with more than 23,000 art jobs, is the country’s leading artistic center, surpassing the previous champion, New York. In other words, Los Angeles has both a larger concentration and an absolute number of artists than New York. The L.A. five-county area is also a major tech center, with more than 700,000 people at work in health services/biomedical activities and 190,000 people in aerospace. Here are some more facts and figures about Los Angeles: the city, the county, and the region.

It is the largest and most populous city in the state of

California and the cultural, financial, and commercial

center of Southern California.

Los Angeles County employs over

100,000 people alone

A culturally diverse city, with a growing culinary scene,

shopping, museums, and a reputation for being the

creative center of America.

LOS ANGELES

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LOS ANGELES ECONOMYThe LA economy is famously and heavily based on the entertainment industry, with a particular focus on television, motion pictures, interactive games, and recorded music - the Hollywood district of Los Angeles and its surrounding areas are known as the “Movie Capital of the United States” due to the region’s extreme commercial and historical importance to the American motion picture industry. Other significant sectors include shipping/ international trade - particularly at the adjacent Port of Los Angeles and Port of Long Beach, together comprising the United States’ busiest seaport - as well as aerospace, technology, petroleum, fashion and apparel, and tourism.

L.A. County is an entertainment, manufacturing and international trade behemoth, with a fast-growing high-tech and digital media industry cluster largely centered in West L.A. and, increasingly, in the Hollywood area and beyond. With $807 billion in annual output, Los Angeles County ranks among the world’s largest economies. Its GDP, which would rank No. 19 in the world if it were a standalone nation, is larger than Switzerland and Saudi Arabia, and right behind Netherlands and Turkey, underscoring the magnitude of the region’s economy.

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Some of the world’s best-known and most iconic landmarks and attractions call Los Angeles home: the Hollywood Sign; Griffith Observatory; the Getty Center; the Walt Disney Concert Hall at the Music Center in Downtown L.A.; the Hollywood Walk of Fame; the TCL Chinese Theatre; Space Shuttle Endeavour at the California Science Center; the Battleship USS Iowa located at the Port of Los Angeles in San Pedro; Air Force One at the Ronald Reagan Library; and Universal Studios Hollywood, with its dynamic immersive experience, The Wizarding World of Harry Potter™.

Tourism accelerated Los Angeles County’s economic prosperity in 2018 as visitors pumped an all-time high $23.9 billion directly into the L.A. economy, generating a record $36.6 billion in total economic impact. A new economic impact report released today by Los Angeles Tourism & Convention Board demonstrates the power of tourism in Los Angeles during National Travel & Tourism Week, an annual event established by Congress and organized by the U.S. Travel Association to celebrate the impact of travel.

Tourism supported 534,258 jobs in L.A. County’s Leisure & Hospitality sector, its highest total on record, employing 1 in every 8.5 workers in the county. Reaffirming the strength of the sector, tourism added 9,700 new jobs last year.

50 MILLION 50 Million People who traveled to Los Angeles last year

$22 BILLION LA visitors spent $22 billion on hotels, restaurants, shopping, attractions and more

525,000 There are 525,000 jobs supported by the Los Angeles tourism industry

8 YEARS LA has celebrated 8 consecutive years of record growth

With various museums and exhibits, Los Angeles is full of inspiring art and diverse cultural experiences. In fact, Los Angeles has more museums and theatres than any other city in the U.S., making it the perfect place to be immersed in arts and culture. Los Angeles is home to more than 105 museums, 225 theaters, 55 magnificent structures by the world’s top architects and 16 of the world’s most beautiful gardens. It also boasts more than 1,500 theatrical productions annually. The city also has one of the premier contemporary art museums in the world, the Broad, located in Downtown L.A., and also one of the largest collections of cars in the nation at the Peterson Automotive Museum.

With famous venues like the Staples Center at L.A. LIVE, home to the NBA’s Los Angeles Lakers and Los Angeles Clippers, NHL’s L.A. Kings, and Dodger’s Stadium, where the Los Angeles Dodgers serve as a main attraction sports fans flock to in L.A. Los Angeles is also home to several esteemed universities that have large sports followings such as USC and UCLA.

TOURISM

ATTRACTIONS

SPORTS

ARTS & CULTURE

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FINANCIALOVERVIEW

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6302 N BECK AVE & 11505 SYLVAN ST, NORTH HOLLYWOOD, CA 91606

Sale Price: $6,400,000 Year Built: 2020

Price/Unit: $533,333 APN: 2335-025-017

Price/Foot: $418.00 Gross Sq. Ft.: 15,311

Cap Rate: 3.88% Average S.F. Per Unit: 1,276

GRM: 16.65 Lot Size (Acres): 0.49

Number of Units: 12 Density: 24

INVESTMENT SUMMARY

TOTALUNITS

UNIT MIX

AVG. SQUARE FEET

CURRENT AVG. RENT CURRENT MONTHLY RENT

10 2+2 1,086 $2,465 $24,650

1 3+2.5 Townhouse 1,580 $3,000 $3,000

1 3+3.5 SFR 2,517 $4,000 $4,000

Scheduled Monthly Rent: $31,650

Scheduled Yearly Rent: $379,800

UNIT MIX & SCHEDULED INCOME

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CURRENT

Scheduled Gross Income: $379,800

Less Vacancy Reserve: $11,394 3.0%

Gross Operating Income: $368,406

Expenses: $120,227 31.7%

Net Operating Income: $248,179

Pre-Tax Cash Flow: $248,179 3.88%

Total Return Before Taxes: $248,179 3.88%

* As a percent of Scheduled Gross Income

** As a percent of Down Payment

ANNUAL OPERATING SUMMARY

PRO FORMA ESTIMATES % OF SGI CURRENT PER UNIT

Property Taxes 1.196% x Sale Price 20.78% $76,547 $6,379

Off-Site Management 4.0% x GOI 4.00% $14,736 $1,228

Insurance $0.24 x GSF 0.98% $3,600 $300

Repairs & Maintenance $500 x Units 1.63% $6,000 $500

Turnover $329 x Units 1.07% $3,948 $329

Landscaping $100 x Units 0.33% $1,200 $100

Pest Control $65 x Units 0.21% $780 $65

Utilities $623 x Units 2.03% $7,476 $623

Trash $295 x Units 0.96% $3,540 $295

Reserves $200 x Units 0.65% $2,400 $200

Total Expenses 32.63% $120,227 $10,019

CURRENT PER UNIT % OF SGI

Non-controllable expenses: Taxes, Ins., Reserves: $80,147 $6,679 21.1%

Total Expense without Taxes $43,680 $3,640 11.50%

PRO FORMA ANNUAL OPERATING EXPENSES

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RENT ROLL# UNIT MIX RENT S.F RENT/S.F.

1 201 2+2 $2,450 1,161 $2.11

2 202 2+2 $2,450 1,050 $2.33

3 203 2+2 $2,400 1,089 $2.20

4 204 2+2 $2,400 1,089 $2.20

5 205 2+2 $2,450 1,041 $2.35

6 206 3+2.5 Townhouse $3,000 1,580 $1.90

7 301 2+2 $2,500 1,161 $2.15

8 302 2+2 $2,500 1,050 $2.38

9 303 2+2 $2,500 1,089 $2.30

10 304 2+2 $2,500 1,089 $2.30

11 305 2+2 $2,500 1,041 $2.40

12 SFH 3+3.5 SFR $4,000 2,517 $1.59

Totals 11 $31,650 14,957 $2.12

Averages $2,638 1,246 $2.18

Loan quote provided by Barrington Capital based on market conditions at this time. Actual rates and terms will vary based on market conditions at closing.

Hugh Seifert(949) 873-0271hugh.seifert@barringtoncapcorp.com

DEBTQUOTE

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SALES COMPARABLES

ADDRESS SALE PRICEYEAR BUILT

BUILDING SFNUMBER OF

UNITS PRICE PER

UNIT PRICE PER SF

ACTUAL CAP RATE

GRM SALE DATE

6302 N Beck Ave & 11505 Sylvan StNorth Hollywood, CA 91606

$6,400,000 2020 15,311 12 $533,333 $418.00 3.88% 16.85 -

6002 Klump AveNorth Hollywood, CA 91606

$3,300,000 2020 8,200 6 $550,000 $402.44 - 13.55 3/31/20

5220 Satsuma AveNorth Hollywood, CA 91601

$7,550,000 2020 20,975 12 $629,166 $359.95 4.70% 15.00 3/16/20

11048 La Maida StNorth Hollywood, CA 91601

$4,950,000 2003 13,004 10 $495,000 $380.65 3.40% - 8/15/19

11214 Morrison StNorth Hollywood, CA 91601

$3,150,000 2015 7,186 6 $525,000 $438.35 3.93% 17.92 10/18/17

5716 Whitsett AveNorth Hollywood, CA 91607

$6,750,000 2003 19,520 16 $421,875 $345.80 3.38% 17.84 1/19/18

4464 Vista Del Monte AveSherman Oaks, CA 91403

$4,790,000 2018 11,749 8 $598,750 $407.69 4.27% 16.61 9/14/18

4309 Dixie Canyon AveSherman Oaks, CA 91423

$8,000,000 2003 17,688 14 $571,429 $452.28 3.50% - 1/8/19

AVERAGES $541,603 $398.17 3.86% 16.18

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TWO-BEDROOM RENT COMPARABLES

PROPERTY UNITS YEAR BUILT UNIT MIX RENT SF RENT/SF

6302 N Beck AveNorth Hollywood, CA

11 2020 2+2 $2,465 1,086 $2.27

11671 Erwin St North Hollywood, CA

10 2020 2+2 $2,799 904 $3.10

11476 Miranda St North Hollywood, CA

30 2003 2+2 $2,195 823 $2.67

5555 Bonner Ave North Hollywood, CA

31 2018 2+2 $2,704 971 $2.78

5555 Bonner Ave North Hollywood, CA

31 2018 2+2 $2,804 971 $2.89

5541 Fulcher Ave North Hollywood, CA

14 1990 2+2 $2,200 1,050 $2.10

5500 Klump Ave North Hollywood, CA

84 2017 2+2 $2,867 980 $2.93

11405 Chandler Blvd North Hollywood, CA

82 2017 2+2 $2,850 901 $3.16

AVERAGES $2,631 943 $2.80

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THREE-BEDROOM RENT COMPARABLES

PROPERTY UNITS YEAR BUILT UNIT MIX RENT SF RENT/SF

6302 N Beck AveNorth Hollywood, CA

11 2020 3+2.5 $3,000 1,580 $1.90

11671 Erwin St North Hollywood, CA

10 2020 3+3 $3,499 1,239 $2.82

6625 Beck Ave North Hollywood, CA

4 2020 3+3 $3,195 1320 $2.42

5753 Case Ave North Hollywood, CA

4 2020 3+2 $2,995 1150 $2.60

5555 Bonner Ave North Hollywood, CA

31 2018 3+2 $3,312 1,229 $2.69

5514 Bonner Ave North Hollywood, CA

34 2017 3+2 $3,495 - -

AVERAGES $3,299 1,235 $2.64

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THREE-BEDROOM SINGLE FAMILY HOME RENT COMPARABLES

PROPERTY UNITS YEAR BUILT UNIT MIX RENT SF RENT/SF

11505 Sylvan StNorth Hollywood, CA

1 2020 3+3.5 $4,000 2,517 $1.59

10936 Otsego St North Hollywood, CA

1 1927 3+2 $3,795 1,585 $2.39

4929 Cartwright Ave North Hollywood, CA

1 1940 3+3 $3,995 1,400 $2.85

4721 Cartwright AveNorth Hollywood, CA

1 1932 3+2 $4,650 1,500 $3.10

10809 Hartsook St North Hollywood, CA

1 1938 3+2 $6,200 - -

5415 Simpson Ave Valley Village, CA

1 1948 3+1 $2,950 - -

AVERAGES $4,318 1,495 $2.78

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CONFIDENTIALITY AGREEMENT & DISCLOSUREThis Offering Memorandum contains select information pertaining to the business and affairs of 6302 N Beck Ave & 11505 Sylvan St, North Hollywood, CA (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner

detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

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EXCLUSIVELY LISTED BY

DANIEL WITHERSSenior Vice President & Senior Director

DIRECT +1 (818) 923-6107MOBILE +1 (310) 365-5054

daniel.withers@matthews.comLic No. 01325901 (CA)

6302 N BECK AVE & 11505 SYLVAN STNORTH HOLLYWOOD, CA