WEST HOLLYWOOD

BEVERLY HILLS

La Cienega Blvd.8538 COLGATE

W 3rd Street

8-Unit Value-Add Opportunity Adjacent To Beverly Hills & West Hollywood

8534-8538COLGATE Avenue, Los Angeles, CA

W. 3RD STREET

CONFIDENTIALITY & CONDITIONSThis is a confidential Brochure intended solely for your limited use and benefit in determining whether you desire to express any further interest in the purchase of the Property.

This Brochure was prepared by Cushman & Wakefield, Inc. (“Cushman & Wakefield”) and has been reviewed by representatives of Ownership. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that prospective purchasers may desire. It should be noted that all information provided is for general reference purposes only in that they are based on assumptions relating to the general economy, competition, and other factors beyond the control of Ownership and, therefore, are subject to material variation. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. Neither Ownership nor Cushman & Wakefield nor any of their respective officers, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this Brochure or any of its contents, and no legal commitments or obligations shall arise by reason of this Brochure or its contents.

It is essential that all parties to real estate transactions be aware of the health, liability and economic impact of environmental factors on real estate. Cushman & Wakefield does not conduct investigations or analyses of environmental matters and, accordingly, urges its clients to retain qualified environmental professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, PCB’s and other contaminants or petro chemical products stored in underground tanks) or other undesirable materials or conditions are present at the Property and, if so, whether any health danger or other liability exists. Such substances may have been used in the construction or operation of buildings or may be present as a result of previous activities at the Property.

Various laws and regulations have been enacted at the federal, state and local levels dealing with the use, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances. Depending upon past, current, and proposed uses of the Property, it may be prudent to retain an environmental expert to conduct a site investigation and/or building inspection. If such substances exist or are contemplated to be used at the Property, special governmental approvals or permits may be required. In addition, the cost of removal and disposal of such materials may be substantial. Consequently, legal counsel and technical experts should be consulted where these substances are or may be present.

Ownership and Cushman & Wakefield expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice. Ownership shall have no legal commitment or obligation to any entity reviewing this Brochure or making an offer to purchase the Property unless and until a written commitment to purchase the Property has been fully executed, delivered, and approved by Ownership and any conditions to Ownership’s obligations thereunder have been satisfied or waived.

By receipt of this Brochure, you agree that this Brochure and its contents are of a confidential nature, that you hold and treat it in the strictest confidence, and that you will not disclose this Brochure or any of its contents to any other entity without the prior written authorization of Ownership nor will you use this Brochure or any of its contents in any fashion or manner detrimental to the interest of Ownership or Cushman & Wakefield. The terms and conditions stated in this section will relate to all of the sections of the Brochure as if stated independently therein. Photocopying or other duplication is not authorized.

EXCLUSIVEAGENTS

MORGAN T. JACKSON+1 213 955 6452morgan.jackson@cushwake.comLic. #01966658

MANFRED W. SCHAUB+1 213 955 5128manfred.schaub@cushwake.comLic. #01262271

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4E X EC U T I V E S U M M A RY

07T H E P R O P E R T Y

20F I N A N C I A L OV E RV I E W

8534-8538 COLGATE 3

EXECUTIVE SUMMARYCushman & Wakefield of California, Inc., as exclusive advisor, is pleased to present the value-add opportunity to acquire 8534-8538 Colgate Avenue (the “Property") – an 8-unit apartment community in Los Angeles.

The Property is located at the confluence of Los Angeles’ most premier and desirable rental submarkets – Beverly Hills, West Hollywood, and Mid-City West.

Originally constructed in 1958, the building is situated on a 6,502-square foot parcel and consists of one two-story structure above covered parking and garages. The Property contains six 1-bedroom units and two 2-bedroom units, with eight designated parking spaces.

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INVESTMENT HIGHLIGHTSPRIME LOS ANGELES LOCATIONNestled between Beverly Hills, La Cienega’s Restaurant Row / Design Corridor, and West Hollywood, the Property is located amongst LA’s premier submarkets.

VALUE-ADD OPPORTUNITYOpportunity to implement a renovation program of unit interiors, exterior façade, and landscaping.

STRONG AREA DEMOGRAPHICS & EMPLOYMENTThe Property is walking distance to Cedars-Sinai Medical Center and is surrounded by high-wage paying employment centers.

GREAT WALKABILITY Adjacent to Trader Joe’s, the SLS Hotel, and the Beverly Center, the Property boasts a WalkScore of 93. It is a 5-minute walk to Los Angeles’ trendy 3rd Street, lined with lifestyle retailers, restaurants, and nightlife.

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THE PROPERTY

8 U N I T S

1958Y E A R B U I LT

1B U I L D I N G

7,534 SFB U I L D I N G S I Z E

8PA R K I N G S PAC E S

6,502 SFLOT S I Z E

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AT THE CENTER OF LOS ANGELES’ MOST DESIRED NEIGHBORHOODSLocated at the confluence of Beverly Hills, West Hollywood, the 3rd Street District, and La Cienega’s “Restaurant Row,” the Property offers residents a quintessential Los Angeles experience.

Just one block from the Property, 3rd Street is an upscale yet eclectic hub of indie boutiques and trendy restaurants. West Hollywood is the cultural and geographical heart of Los Angeles, with fashionable shops, chic restaurants, and hotels catering to some of the world’s most affluent.

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8538 COLGATE

San Vicente Blvd

Burton Way

W 3rd Street

Santa Monica Blvd

Los Angeles Country ClubUCLA

Beverly BlvdW

ilshire

Blvd

CENTURY CITY

WEST HOLLYWOOD

WEST LA

BEVERLY HILLS

LOS ANGELES

GOLDEN TRIANGLE

La Cienega Blvd.

8534-8538 COLGATE 9

DOWNTOWN LA MEDIA MILE

La Cienega Blvd.San Vicente Blvd.

SURROUNDED BY HIGH-WAGE PAYING EMPLOYERSThe Property is surrounded by one of the most dynamic office markets in the country, including Culver City, Century City, Beverly Hills, West Hollywood, and Hollywood. Los Angeles is experiencing unparalleled job growth as the convergence of technology and entertainment media continues.

Recognized as the entertainment capital of the world, Los Angeles is benefiting from the expanding presence of Netflix, Google, Amazon, Apple, Facebook, and Hulu.

DISTANCE TO JOB CENTERS

BEVERLY HILLS 0.5 miles

WEST HOLLYWOOD 1.1 miles

CULVER CITY 3.0 miles

CENTURY CITY 3.2 miles

HOLLYWOOD 3.8 miles

DOWNTOWN LA 7.7 miles

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8538 COLGATE

MEDIA MILE

CULVER CITY

La Cienega Blvd.

8534-8538 COLGATE 11

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8538 COLGATE

ADJACENT TO CEDARS-SINAI MEDICAL CENTERThe Property is situated across the street from Cedars-Sinai Medical Center, one of the largest hospitals in the U.S., with 2,100 physicians, 2,800 nurses,

and thousands of other healthcare professionals and staff.

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LOS ANGELES AT YOUR DOORSTEPOne of the Property’s greatest assets is its proximity to world-renowned retail, cultural, and entertainment amenities.

The Property is adjacent to Trader Joe’s and the SLS Hotel, and is a 5-minute walk to the Beverly Center and the Beverly Connection, with luxury and lifestyle retailers such as Bloomingdales, Gucci, Macy’s, Prada, Saint Laurent, Burberry, Fendi, Ferragamo, Nordstrom Rack, Saks Off 5th, and Target.

Trendy 3rd Street is home to LA staples such as Kreation Kafe, The Coffee Bean & Tea Leaf, Joan’s on Third, Toca Madera, and Sweetgreen.

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8538 COLGATE

W. 3RD STREET

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PROPERTY OVERVIEW

PROPERTY ADDRESS 8534-8538 Colgate Avenue, Los Angeles, CA 90048

BUILDING SIZE (SF) 7,534

LOT SIZE (SF) 6,502

UNITS 8

UNIT MIX 6 - 1 Bedroom / 1 Bath2 - 2 Bedroom / 2 Bath

PARKING 8

APN 4334-019-009

YEAR BUILT 1958

ZONING R3-1-O

2 Private Garages

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Exterior

Parking Unrenovated Unit

Exterior Patio

THE PROPERTY

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RENT ROLL

UNIT # UNIT TYPE IN PLACECURRENT RENT

MARKET RENT MARKET RENT

8534-1 2/2 $2,179 $3,487

8534-2 1/1 $1,745 $2,792

8534-3 2/2 $2,395 $3,832

8534-4 1/1 $1,492 $2,388

8538-1 1/1 $1,568 $2,509

8538-2 1/1 $1,507 $2,411

8538-3 1/1 $1,612 $2,580

8538-4 1/1 $1,697 $2,715

MONTHLY RENTAL INCOME: $14,196 $22,714

SCHEDULED ANNUAL INCOME: $170,351 $272,562

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SITE PLAN & PARKING

UNIT # UNIT TYPE IN PLACECURRENT RENT

MARKET RENT MARKET RENT

8534-1 2/2 $2,179 $3,487

8534-2 1/1 $1,745 $2,792

8534-3 2/2 $2,395 $3,832

8534-4 1/1 $1,492 $2,388

8538-1 1/1 $1,568 $2,509

8538-2 1/1 $1,507 $2,411

8538-3 1/1 $1,612 $2,580

8538-4 1/1 $1,697 $2,715

MONTHLY RENTAL INCOME: $14,196 $22,714

SCHEDULED ANNUAL INCOME: $170,351 $272,562

8534-8538 COLGATE 19

FINANCIAL OVERVIEW

8538 COLGATE

$3,600,000SALE PRICE

$450,000PRICE/UNIT

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SUMMARY OF TERMS

ADDRESS: 8534-8538 Colgate Avenue, Los Angeles, CA 90048

LIST PRICE: $3,600,000

PRICE/UNIT: $450,000

INTEREST OFFERED: 100% fee simple interest in an 8-unit apartment community located at 8534-8538 Colgate Avenue, Los Angeles, CA 90048.

TERMS OF SALE: The Property is being offered free and clear of any debt.

PROPERTY VISITATION AND COMMUNICATIONS: Cushman & Wakefield, Inc. invites you to learn more about the Property by reviewing this Brochure and touring the community. Please contact C&W to arrange a site visit. Please address all communications, inquiries, and requests to the C&W Team, as representatives of the Seller.

OFFER SUBMISSION: Please direct offers to Cushman & Wakefield. C&W requests that offers be submitted in the form of a non-binding Letter of Intent, identifying the significant terms and conditions of the bidder’s offer including, but not limited to, the following: 1) asset pricing, 2) earnest money deposits, 3) due diligence and closing time frames, and 4) a description of the debt and equity structure. The Seller retains the right to modify the sale process at any time.

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PROFORMA

INCOME ACTUAL / IN-PLACE RENTS AT MARKET

TOTAL PER UNIT TOTAL PER UNIT

RENTAL REVENUES $170,351 $5,323 $272,562 $34,070

OTHER INCOME $4,450 $139 $4,450 $556

GROSS POTENTIAL INCOME $174,801 $21,850 $277,012 $34,627

ESTIMATED EXPENSES

INSURANCE $3,781 $118 $3,781 $118

PROPERTY TAXES $34,272 $4,284 $34,272 $4,284

MANAGEMENT (OFF SITE) $8,592 $1,074 $8,592 $1,074

UTILITIES $16,712 $522 $16,712 $522

REPAIR & MAINTENANCE $22,852 $714 $22,852 $714

TOTAL OPERATING EXPENSES $86,209 $10,776 $86,209 $10,776

NET OPERATING INCOME $88,592 $11,074 $190,803 $23,850

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INCOME ACTUAL / IN-PLACE RENTS AT MARKET

TOTAL PER UNIT TOTAL PER UNIT

RENTAL REVENUES $170,351 $5,323 $272,562 $34,070

OTHER INCOME $4,450 $139 $4,450 $556

GROSS POTENTIAL INCOME $174,801 $21,850 $277,012 $34,627

ESTIMATED EXPENSES

INSURANCE $3,781 $118 $3,781 $118

PROPERTY TAXES $34,272 $4,284 $34,272 $4,284

MANAGEMENT (OFF SITE) $8,592 $1,074 $8,592 $1,074

UTILITIES $16,712 $522 $16,712 $522

REPAIR & MAINTENANCE $22,852 $714 $22,852 $714

TOTAL OPERATING EXPENSES $86,209 $10,776 $86,209 $10,776

NET OPERATING INCOME $88,592 $11,074 $190,803 $23,850

8534-8538 COLGATE 23

PROPERTY ADDRESS 1117 S Bedford St, Los Angeles

1489 S Canfield Ave, Los Angeles

1480 S Canfield Ave, Los Angeles

YEAR BUILT 1961 1964 1964

PRICE $6,625,000 $7,230,000 $7,310,000

SOLD DATE April 2019 June 2018 Nov 2017

# OF UNITS 15 15 15

$/ UNIT $441,667 $482,000 $487,333

CAP RATE Not Available 2.80% 3.10%

SALE COMPARABLES

1 2 3

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3

1

2

8538 COLGATE

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EXCLUSIVEAGENTS 8534-8538

COLGATE Avenue, Los Angeles, CAMORGAN T. JACKSON+1 213 955 6452morgan.jackson@cushwake.comLic. #01966658

MANFRED W. SCHAUB+1 213 955 5128manfred.schaub@cushwake.comLic. #01262271