LARGE RECTANGULAR CORNER LOT ✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯

Occupying approximately 1 acre of potential development site (C2-1-SN), the Fountain Vine Plaza sits at the SW corner of Fountain & Vine, across the street from the Academy of Motion Pictures Pickford Center and within one block of three large real estate developments. Comprising 1.3MM sf and over 1,000 new residential units: “THE RISE”, “NETFLIX ON VINE” & “ONNI TOWER” are expected to be completed by 2020/2021.

QOZ, AR, TOC TIER 3 AND HOC The FV Plaza is located in a Qualified Opportunity Zone (QOZ) census tract, an Adaptive Reuse Incentive Area (AR) a Transit Oriented Community (TOC) Tier 3 and on a CRA/LA Highway Oriented Commercial (HOC) parcel.

PRE-DEVELOPMENT INCOME This property type is experiencing a very high occupancy rate particularly in the Hollywood area. Additionally, significant increases in rental rates are expected alongside a changing skyline. In short, this property affords a developer the benefit of a stable in-place cash flow during the pre-development phase.

UBER-HOT DEVELOPMENT SITE Due to all the new construction surrounding this site, significant increases in property and land values are being experienced. NETFLIX recently signed on a new deal for 355,000 sf at its namesake “NETFLIX ON VINE”. One short block away from this site! Don’t miss out on this development opportunity!

📊 INCOME & EXPENSES Gross Rental Income* $1,253,779 Rental Vacancy** -$17,553 Net Rental Income $1,236,226 Parking Operations NOI $50,000 Gross Operating Income $1,286,226 Operating Expenses*** -$375,000 Net Operating Income $911,226 * GRI as of Q2, 2019. Market rate on vacancy(s). ** Estimated at 1.4% per CoStar through 2019. *** Includes $105,562 in Property Taxes.

$21,575,000. PRICE IS FIRM

PRINCIPALS ONLY PLEASE Al Alvarez

✆ 310-645-4000 oir2000@aol.com

THE FOUNTAIN VINE PLAZA IN THE HEART OF THE HOLLYWOOD DEVELOPMENT BOOM

1253 N VINE ST HOLLYWOOD, CA 90038

✯✯✯ QUALIFIED OPPORTUNITY ZONE ✯✯✯ All information provided herein is from sources deemed reliable. No representation is made as to its accuracy and is subject to errors.

FOUNTAIN VINE PLAZA

NETFLIX ON VINE Under Construction

THE RISE Under Construction

ONNI TOWER Planned

PRIME INVESTMENT AND DEVELOPMENT OPPORTUNITY LOCATED IN THE HEART OF THE HOLLYWOOD DEVELOPMENT BOOM!

https://www.youtube.com/watch?v=6cO8E8Hlt5M&feature=youtu.be

MOST RECENT PODIUM STYLE RESIDENTIAL PROJECTS SOLD IN THE HOLLYWOOD AREA 1411 N HIGHLAND AVE 5550 HOLLYWOOD BLVD

PROPERTY NAME YEAR BUILT UNITS SALE DATE PRICE PRICE/UNIT PRICE/SF THE HIGHLAND 2016 76 7/24/2018 $52,000,000 $684,210 $763

THE 5550 2017 280 10/12/2018 $148,000,000 $528,571 $715

TOTALS ……………………………………………… 356 ……………………………. $200,000,000 …….. $561,180 …………… $739

HARD TO FIND LARGE RECTANGULAR CORNER LOT ON VINE STREET IN HOLLYWOOD IDEAL FOR A RESIDENTIAL AND RETAIL MIXED USE OVER PARKING PODIUM

GODFREY HOTEL Under Construction

COMPARABLE SITES SOLD IN THE VICINITY OF THE SUBJECT

✯✯✯✯✯ INVESTMENT SUMMARY ✯✯✯✯✯ STABLE RENTAL INCOME IN PLACE - Neighborhood Centers such as this one are sought after by smart investors

because of the nature of their Tenant Mix. They tend to be populated by Restaurants, Coffeehouses, Nail and Hair Salons, Yoga, Chiropractors, Dental and Medical Offices, Pharmacies, Insurance and Accounting Offices, etc., all of which are service oriented and hence impervious to the formidable competition of Internet based retailers. As a result, this property type, unlike large malls and regional Centers, is experiencing a very high occupancy rate particularly in the Hollywood sub market.

GREAT UPSIDE INCOME POTENTIAL - Due to the rapidly changing skyline surrounding this property, rapid and significant increases in market rental rates are expected. One needs to look no further than to the subject’s average monthly Base Rent of $2.25sf to realize the extent of this property’s upside income potential.

GREAT UPSIDE DEVELOPMENT POTENTIAL - Fantastic corner lot location on uber-hot Vine Street. Ideal for the construction of a podium type residential/retail mix use building. One short block away from “NETFLIX ON VINE”!

COMP ADDRESS SALE PRICE SALE DATE BUILDING SF

PRICE BUILDING SF LAND SF PRICE LAND SF

1 6332-6350 FOUNTAIN AVE $18,550,000 02/28/19 29,046 $638.64 30,086 $616.57

2 1348 VINE ST $4,760,618 06/02/17 6,133 $776.23 6,760 $704.23

3 1330 VINE ST $18,416,293 06/02/17 23,436 $785.81 27,747 $663.72

4 1400 CAHUENGA BLVD $16,500,000 08/18/16 11,845 $1,392.99 20,207 $816.53

TOTALS $58,226,911 VARIOUS 70,460 $826.38 84,800 $686.64

SUBJECT 1253 VINE ST 33,362 39,232 to 43,747

THE RISE

https://www.youtube.com/watch?v=6cO8E8Hlt5M&feature=youtu.be

NETFLIX ON VINE ONNI

TOWER

GODFREY HOTEL

SUBJECT

COMP 1 ⬇

COMPS 2-3 ➜

COMP 4 ➜