± 2 0 , 6 3 2 A C R E C 2 L O T W I T H A T O TA L O F 1 8 , 9 0 0 S F O F C O M M E R C I A L S P A C E

629 WESTERN AVENUE | LOS ANGELES, CA 90004SIX29

WESTERN

WESTERN AVENUE

HANCOCK PARK

HOLLYWOOD

KOREATOWN

WEST HOLLYWOOD

MELROSE AVENUE

SIX29

WESTERN

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±6,000 SF OF COMMERCIAL SPACE ON ±6,857 SF OF LAC2 LAND

Prime Owner/User | Western Avenue

OFFERING SUMMARY

Price: $3,100,000

Address: 629 N Western Avenue Los Angeles, CA 90004

APNs: 5522-010-017

Total Improvements: ± 6,000 * ±3,000 Ground Floor and ±3,000 Second Story

Total Lot Size: ± 6,857

Zoning: LAC2-1

*Disclaimer: Buyer to verify the information with the City of Los Angeles

WESTERN AVENUE

CLINTON STREET

HANCOCK PARKMID-WILSHIRE

THE GROVE WEST HOLLYWOOD HOLLYWOOD

MELROSE AVENUE

SIX29

WESTERN

2 OFFERING MEMORANDUM

Price: $3,100,000

Address: 629 N Western AvenueLos Angeles, CA 90004

APNs: 5522-010-017

Total Improvements: ± 6,000* ±3,000 Ground Floor and ±3,000 Second Story

Total Lot Size: ± 6,857

Zoning: LAC2-1

3629 WESTERN AVENUE

PROPERTY OVERVIEW

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6 PROPERTY OVERVIEW

PARCEL MAP

ZONING INFORMATION

JURISDICTIONAL INFORMATION

Zone: C2-1

General Plan: General Commercial

Adaptive Reuse Incentive Area:

Wilshire Center/Koreatown Community Redevelopment Project Area

Community Plan Area: Wilshire

Area Planning Commission: Central

Neighborhood Council: Wilshire Center-Koreatown

Council District: CD4 - David E. Ryu

629 WESTERN AVENUE 7

±50

FT

± 137 FT

WES

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8 OFFERING MEMORANDUM

FLOOR PLAN629 N Western Ave

An approximately 6,000 square foot, two-story, brick frame building built in 1923. The ground floor is comprised of approximately 3,000 square feet retail or showroom space, with another 3,000 square feet of second story office space. Bothdownstairs and upstairs have exposed brick walls with the second floor having exposed beamed ceiling and access to the rear of the building which has an open patio space, great for entertaining.

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2ND FLOOR±2,632 SF 1ST FLOOR

±2,880 SF WES

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ROLL-UP DOORINGRESS / EGRESS

FOR TRUCK LOADING

48’48’

60’

48’48’

59’

59’

629 N. WESTERN AVE.

This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. 7

Investment Opportunity: 619-629 N. Western Ave., Los Angeles, CA 90004

9629 WESTERN AVENUE

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10 PROPERTY OVERVIEW

629 WESTERN AVENUE 11

NEIGHBORHOOD OVERVIEW

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12 OFFERING MEMORANDUM

SIX29 WESTERN IS LOCATED SOUTH OF HOLLYWOOD, BETWEEN KOREATOWN AND THE HISTORIC AND AFFLUENT RESIDENTIAL NEIGHBORHOOD, HANCOCK PARK. SIX29 WESTERN IS LOCATED SOUTH OF HOLLYWOOD, BETWEEN KOREATOWN AND THE HISTORIC AND AFFLUENT RESIDENTIAL NEIGHBORHOOD, HANCOCK PARK.

HOLLYWOOD

HANCOCK PARK

KOREATOWN

WESTLAKE

SILVERLAKE

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METRO RAIL RED LINE

METRO RAIL PURPLE LINE

METRO RAPID BUS: LINE 757

TO H

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TO UNION STATION

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Koreatown: The gentrification of Koreatown continues to drive high-end development and boost rents in lower-tier inventory. Modern apartments are springing up along the Wilshire Boulevard corridor and development is starting to push into the southern portions of this formerly run-down section of LA. New projects are competing with supply in the established Westside submarkets and up-and coming Downtown for high-income renters. This is one of LA’s hotspots for new residential construction, with around 2,200 units under construction; so, some supply driven vacancy volatility is to be expected. Rent growth remains healthy given the elevated supply pressures, although gains are most pronounced in the lower-tier, 1 & 2 Star properties that comprise the majority of Koreatown’s inventory. This continues to be a popular submarket for multifamily investors. Total 2017 sales volume exceeded 2016 figures, bucking a general slowing trend across LA, and much of that momentum carried over into the first half of 2018.

Top Attractions in the Area

• Line Hotel• The Aroma Golf Range• Wilshire Boulevard Temple• Dodger Stadium• The Wiltern• Pantages Theater• Staples Center• Grammy Museum• Paramount Pictures Studio• Griffith Observatory and Park• Hollywood Bowl

Top Retail Attractions in the Area

• Koreatown Plaza• The Grove• City Center on 6th• Assi Plaza• LA Live

Hancock Park: Grand residential homes, tree-lined streets and a close-knit community makes Hancock Park a not-so-hidden gem in Los Angeles County, California. The affluent neighborhood is located close to quaint and charming areas like Larchmont Village and Wilshire Park, where there’s a plethora of trendy boutiques and dining options just a couple minutes’ walk away. Hancock Park’s central location is a prime location for those that want quiet living in a sophisticated atmosphere, but close enough to other parts of the city for entertainment, jobs and nightlife. Many families and affluent individuals make up the residents who call Hancock Park home.

1 Mile 3 Miles 5 Miles

2017 Population - Current Year Estimate 83,828 578,969 1,103,960

2017 Median Age 35.5 35.9 35.8

2017 Average Household Income $56,066 $68,654 $72,872

Daytime Workers 22,219 248,102 732,902 58.1%

2017 Occupied Housing Units 29,547 236,441 439,517

2017 Renter Occupied Housing Units 25,836 (81.9%) 203,802 (79.5%) 355,084 (74.4%)

Hollywood: A larger-than-life symbol of the entertainment business, Hollywood beckons tourists with landmarks like TCL Chinese Theatre and star-studded Walk of Fame. Highlights include Paramount Pictures, historic music venues like the Hollywood Bowl, and Dolby Theatre, home of the Oscars. Scenesters can choose from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in nearby Thai Town. Nearby world-class entertainment venues include: The Hollywood Bowl, The Pantages Theater, the Hollywood Palladium, El Capitan Theater, the Fonda Theater, Chinese Theater, and Grauman’s Egyptian Theater. Hollywood is close to an abundance of destination hotels, clubs and nightlife including: W Hotel, Lowe’s Hollywood Hotel, The Hollywood Roosevelt, Good Times at Davey Wayne’s, AVALON Hollywood, Sound Nightclub and Lucky Strick Live and is proximate to the 101 Freeway with linkage to the Greater Los Angeles freeway system.

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KOREATOWNKoreatown, in the heart of Los Angeles County, is home to many bars and casual 24/7 dining places that make it a buzzing neighborhood for late-night scene and younger demographics. There are Korean BBQ restaurants with tabletop grills, karaoke joints, hip speakeasies and flashy clubs, as well as the landmark Wiltern Theatre, an art deco music venue. K-town’s dense mix of historic buildings and contemporary complexes also features traditional spas, boba tea cafes and specialty grocery stores.

DRIVING DISTANCEParamount Pictures Studios, 101 Freeway, City of Hollywood 1 Mile

Chapman Plaza (The Heart of Koreatown) & Sunset Gower Studios 2 Miles

Hollywood & Highland, Capitol Records 3 miles

Downtown Los Angeles 5 Miles

Burbank Airport 15 Miles

(Downtown)

HOLLYWOOD BOWL

SUNSET GOWER STUDIOS

CHAPMAN PLAZA

15629 WESTERN AVENUE

Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality AgreementYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DisclaimerThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

Copyright Notice

© 2018 CBRE, Inc. All Rights Reserved.

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© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners.

Fred AframianLic. 01748185+1 818 693 4241fred.aframian@cbre.com

Joyce GoldsteinLic. 1903737+1 818 907 4641joyce.goldstein@cbre.com

Natalie SalazarLic. 02011729+1 818 502 6792natalie.salazar@cbre.com

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