HELLOSATURN

A F U L LY- E N T I T L E D 4 5 - U N I T L U X U R Y D E V E L O P M E N T

O P P O R T U N I T Y

render and design by m-rad inc.

render and design by m-rad inc.

A remarkable luxury multi-family development opportunity in one of Los Angeles’ most popular and vibrate neighborhoods, Mid-Wilshire, mere blocks from world-class museums, parks and retail shopping.

JLL is pleased to have exclusively listed Hello Saturn, a fully entitled 45 unit luxury multi-family development opportunity in the heart of one of Los Angeles’ hottest neighborhoods, Faircrest Heights.

1500, 1510 & 1512 S. HI POINT STREET

&

5914 SATURN STREET

1500 Hi POinT LOT

Hi POinT sT

SUMMARYThis exclusive offering consists of an assemblage of four lots totaling +/-26,544 and fully entitled plans for a 45 unit luxury apartment building totaling +/- 81,429 square feet at the SE intersection of S. Hi Point and Saturn Street.

Plans for the site include parking for 82 cars, and a mix of six 1-bedroom units and 39 2-bedroom units, six of which with private patio space.

Units to range in size from 714 to 867 for the 1-bedrooms, and 812 to 1,288 SF for the 2 bedrooms. Per Zillow, the median rent in the 90035 zip code is $3,898 and will continue to rise.

The median sales price per square foot in 90035 is $781, which proves both the strength of the market and property values in the area.

D ISCLAIMERThe information contained in this Investment Offering Memorandum is confidential and is provided for the sole purpose of allowing persons to evaluate whether there is interest in proceeding with further discussions with the owner regarding a possible transaction with respect to the subject property (the “Property”). The information contained herein shall not be photo-copied or disclosed to any other party and shall not be sed for any other purpose. If the person receiving this Investment Offering Memorandum does not choose to pursue such a transaction, this Investment Offering Memorandum shall be returned to Jones Lang LaSalle.

1500 Hi POinT LOT

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Site Area 26,544 SF

Building Area, inc. Parking 81,429 SF

Building Area 56,284 SF

Topography Level at street grade

Description 1500 Hi Point at 5914 S Saturn St.

Parking 82 spaces

Proposed Height 46 feet

Units 45; up to 58 units - TOC Tier 3

Parcel Shape Rectangular

Site Improvements Landscaping, paved sidewalks, yard lighting, drainage

APN 5068-018,001, 5068-018-002, 5068-018-003, 5068-018-004

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Mid-Wilshire is one of Los Angeles’ fastest-growing neighborhoods, driven in large part by the centrality of the neighborhood geographically as well

as the high volume nearby attractions, parks, and retail development.

Los Angeles County Museum of Art, the Page Museum, Hancock Park, and the La Brea Tar Pits all call Mid-

Wilshire home, as well as residents looking to populate one of Los Angeles’ hottest

neighborhoods.

MARKET OVERVIEW

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- MUSEUMS - HOSPITALS - RESTAURANTS - FITNESS CLUBS- HELLO SATURN - 10 MIN DRIVE

MIRACLE MILEOriginally hailed as America’s “Champs-Élysées,” the Miracle Mile region of Mid-City is famed for its historical desirability as a transportation-oriented regional development, with long west-east roadways alleviating lengthy commutes and capturing traffic from the affluent West to Downtown Los Angeles.

MUSEUM ROWWith LACMA, Peterson Automotive Museum, A+D Museum, the La Brea Tar Pits, the Page Museum, and soon, the Academy Museum of Motion Picture Arts and Sciences at the corner of Wilshire and Fairfax, Miracle Mile is home to an incredible diversity of celebrated cultural institutions that offer a major draw across the entire Los Angeles market.

DENSITY & MASS TRANSITThe proximity of the Purple Line subway gestures towards the future of Los Angeles’ transportation culture, with the development of Wilshire Blvd’s transit capacity offering a major draw to nearby landowners. The future Wilshire & La Brea and Wilshire & Fairfax subway stations, opening in just a few years, will dramatically increase the desirability of the surrounding real estate and Los Angeles’ transportation future crystallizes around this neighborhood.

DEVELOPMENT ACTIV ITY

Active developments in and around Mid-Wilshire / Miracle Mile continue to transform this region into one of Los Angeles’ most desired neighborhoods. Nearby development activity includes:

6245 Wilshire Blvd, Los Angeles, 90048 The approximately 243-foot-tall building will feature 158 residential units, 7,000 square feet of retail space and podium parking for 423 vehicles. UDR’s 18 story building at

the NE corner of Wilshire and Crescent Heights.

3321 La Cienega Blvd, Los Angeles, 90016Carmel Partners is developing 1,218 residential units and 300,000 sf of mixed-use retail and office on an 11.19 acre site nearby.

CUMULUSVISION ON WILSHIRE

950 S. Fairfax Avenue, LA 90036 The five-story development, located at the intersection of Fairfax Avenue and San Vicente Boulevard, will feature 149 rental apartments above 4,300 square feet of street-fronting commercial space. The low-rise complex will employ renewable energy and reduce water use through photovoltaic panels, green roofs, low-flow plumbings and a greywater system. The Vinz is designed with a mixture of townhomes and traditional apartments, supplemented by communal spaces including an outdoor pool and roof decks.

9070 Venice Blvd, Culver City, 90232Ivy Station is located adjacent to the Metro Expo Line at the intersections of Venice, Washington and National Boulevards. The 500,000 sf development will include 200,000 sf of office 200 apartments, 55,000 sf of retail and a 148 room boutique hotel.

THE FINZIVY STATION

UNDER CONSTRUCTION & COMPLETED

Project Name Developer# Of Units

Estimated Completion

1 Ivy Station Lowe Enterprises Real Estate Group 200 2019

2 3838 California Landmark Group 86 2018

3 The Roy Anejo Development 92 2018

4 Cobalt Greystar 135 2018

5 The Vision on Wilshire UDR 158 2018

6 The Vinz on Fairfax Alliance Realty Partners 149 2018

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10 Culver City

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PLANNED

Project Name Developer # Of UnitsEstimated

Completion7 Cumulus Carmel Partners 1218 2020

8 Rise on Adams 4DW Development 72 N/A

9 10375 Washington Blvd Bastion Development Corporation

108 2018

10 3664-3688 Overland Ave

Claude & Sharon Bruni 187 2020

1,585

MID-WILSHIRE OVERVIEWAS OF MAY 2018

2018 Estimated Population 29,020Housing Units in 2018 15,4792018 Average Household Income $115,7822023 Projected Average Household Income $119,006Median Home Value (90035) $1,404,372Median Rent (90035) $3,898

AS OF MAY 2018

2018 Estimated Population 10,137,9152023 Projected Population 10,375,6572000 Census Population 9,519,135Housing Units in 2018 3,520,8112018 Estimated Average Household Income $88,9722023 Projected Average Household Income $90,444

LOS ANGELES COUNTY OVERVIEW

MID-WILSHIRE DEMOGRAPHICS

Technology

Professional / Management

Real Estate

23% Healthcare & Education

Retail

Industrial

14% Arts / Entertainment

Other

20%

7%

10%

10%6%

10%

Mid-Wilshire features a range of professional multi-family dwelling targets, including a large concentration of healthcare and professional/managerial white collar workers.

Source: Census 2018 Q1 Estimates

Technology

EMPLOYERSAs the heart of Los Angeles, Mid-Wilshire is home to a number of international corporations and major employers. Below are a select few:

COMPANY EMPLOYEES BUSINESS

Kaiser Permanente, W. LA 4,000 Healthcare / HospitalCBS 3,600 EntertainmentMagic Johnson Enterprises 2,200 InvestmentsFox Latin America 2,000 EntertainmentWestlake Financial 1,140 FinancialAecom 1,000 EngineeringNBC Universal 800 EntertainmentKNX 800 EntertainmentBeverly Wilshire 770 Hotel Creative Artists Agency 700 Entertainment / Staffing

Hello Saturn is ideally located to draw upon professional, high-income residents seeking a new real estate development in the bustling heart of Los Angeles.

MID-WILSHIRE MARKET TRENDS

RENTS ARE RIS ING AND VACANCY RATES ARE FALLING

$3.00

$2.50

$2.00

6%

3%

1.5%

4.5%

2013 2014 2015 2016 2017 2018

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Mid-Wilshire’s real estate market is currently characterized by intense demand with low availability of multi-family inventory. Consequently, occupancy rates in the 90035 zip code have fallen consistently over the past 5 quarters, and asking rent per square foot continues to rise steeply.

Source: Zillow

- RENT / SF

- OCCUPANCY

200

-100

400

2013 2014 2015 2016 2017 2018

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

100

300

500

- Deliveries units

- Net absorption units

MID-WILSHIRE MARKET TRENDS

The 90035 zip code of Mid-Wilshire is struggling to keep pace with market demand in terms of positive net absorption as well, with a decreasing trend in net absorption units with only 6 delivered units in the past year alone.

Source: Zillow

render and design by m-rad inc.

UNIT PROJECTIONS

Unit Unit Type SF Private Patio Market Rent ($4 / SF)

101 1 Bed + 1 Bath 728 $2,912

102 2 bed + 2 Bath 905 $3,620

103 2 Bed + 2 Bath 820 $3,280

104 2 Bed + 2 Bath 974 $3,896

105 2 Bed + 2 Bath 966 $3,864

106 2 Bed + 2 Bath 979 $3,916

107 2 Bed + 2 Bath 1,259 85 $5,036

108 2 Bed + 2 Bath 1,288 87 $5,152

109 2 Bed + 2 Bath 1,133 102 $4,532

110 2 Bed + 2 Bath 1,111 131 $4,444

111 2 bed + 2 bath 1,271 210 $5,084

201 1 Bed + 1 Bath 867 $3,468

202 2 Bed + 2 Bath 920 $3,680

203 2 Bed + 2 Bath 842 $3,368

204 2 Bed + 2 Bath 1,008 $4,032

205 2 Bed + 2 Bath 980 $3,920

206 2 Bed + 2 Bath 1,111 $4,444

Hello Saturn will deliver 45 luxury units, as detailed below:

UNIT PROJECTIONS

Unit Unit Type SF Private Patio Market Rent ($4 / SF)

207 2 Bed + 2 Bath 1,096 $4,384

208 1 Bed + 1 Bath 794 $3,176

209 2 Bed + 2 Bath 1,228 $4,912

210 2 Bed + 2 Bath 1,160 $4,640

211 2 Bed + 2 Bath 968 $3,872

212 2 Bed + 2 Bath 1,282 $5,128

301 1 Bed + 1 Bath 792 $3,168

302 2 Bed + 2 Bath 884 $3,536

303 2 Bed + 2 Bath 785 $3,140

304 2 Bed + 2 Bath 945 $3,780

305 2 Bed + 2 Bath 991 $3,964

306 2 Bed + 2 Bath 1,110 $4,440

307 2 Bed + 2 Bath 1,035 $4,140

308 1 Bed + 1 Bath 714 $2,856

309 2 Bed + 2 Bath 812 $3,248

310 2 bed + 2 Bath 862 $3,448

311 2 bed + 2 Bath 783 $3,132

render and design by m-rad inc.

render and design by m-rad inc.

UNIT PROJECTIONS

Unit Unit Type SF Private Patio Market Rent ($4 / SF)

312 2 Bed + 2 Bath 1,043 $4,172

401 1 Bed + 1 Bath 784 $3,136

402 2 bed + 2 Bath 884 $3,536

403 2 bed + 2 Bath 790 $3,160

404 2 Bed + 2 Bath 947 $3,788

405 2 bed + 2 Bath 986 $3,944

406 2 Bed + 2 Bath 1,121 $4,484

407 2 Bed + 2 Bath 905 $3,620

408 2 Bed + 2 Bath 857 $3,428

409 2 Bed + 2 Bath 979 $3,916

410 2 Bed + 2 Bath 897 $3,588

TOTAL 43,596 $174,384

ANNUAL $2,092,608

14x Gross $29,296,792

$651,039 / unit

DANA S. BRODYSenior Vice PresidentT +1 213 239 6210M +1 310 849 8151dana.brody@am.jll.comLicense # 01429001

BRENTWOOD11620 Wilshire Blvd., Ste 1150Los Angeles, California 90025T +1 310 472 4424

CENTURY CITY2049 Century Park East, Ste 2750Los Angeles, California 90025T +1 310 595 3660

CHICAGO — AMERICA’S HQ200 East Randolph DriveChicago, Illinois 60601T +1 312 782 5800

LONDON — WORLD HQ22 Hanover SquareLondon — West End WIS IJAT +44 20 7493 6040

M I D - W I L S H I R E

E X C L U S I V E LY L I S T E D B Y :

HELLO SATURN

ROB MCRITCHIESenior Vice PresidentT +1 213 239 6038M +1 213 624 8600rob.mcritchie@am.jll.comLicense # 01210337

BRENDAN MCARTHUR Senior Vice PresidentT +1 213 239 6134F 312 601 1708brendan.mcarthur@am.jll.comLicense # 01185335