A 47-Home, Newly Completed, Boutique Multi-Housing Investment Opportunity

Hollywood, California

Holliday GP Corp. (“HFF”), California Bureau of Real Estate License #01385740.

HFF, as exclusive advisor, is pleased to present for the first time ever, Vues on Gordon (the “Property”); a newly constructed, 47-home stabilized Class-A boutique multi-housing investment opportunity located in the highly amenitized and job saturated Hollywood neighborhood of Los Angeles. Completed in 2018 and currently 100% leased, Vues on Gordon boasts elegantly designed interior finishes, and a modern and thoughtfully amenitized living experience. Vues on Gordon’s unparalleled Hollywood location is designated “Very Walkable” (82 Walk Score) offering tenants access to an array of world-class shopping, dining and entertainment destinations without needing a vehicle. Hollywood’s distinction as the entertainment capital of the world has evolved to make a home for the blossoming tech and media industries and solidified itself as one of Southern California’s top employment centers.

With a limited supply pipeline beyond projects currently under construction, and a population expected to grow by nearly 3% over the next 5-years, Vues on Gordon offers investors an opportunity to acquire a premier, boutique urban infill asset that is poised to benefit from heightened demand and continued public and private investment, and development of Hollywood for years to come.

The Opportunity

2HFF

UNIT MIX

51% 24 HOMES

9% 4 HOMES

40% 19 HOMES

TWO BEDROOMS

THREE BEDROOMS ONE BEDROOMS

PROPERTY ADDRESS1558 GORDON STREET

LOS ANGELES, CA 90028

YEAR COMPLETED2018

BUILDING TYPE4 STORIES RESIDENTIAL OVER 2-LEVEL

SUBTERRANEAN PARKING GARAGE

AVERAGE RESIDENT ANNUAL SALARY$176,000 (20% AVERAGE RENT TO INCOME)

TOTAL RESIDENTIAL RSF±39,690 SF (±844 AVG. SF)

SITE SIZE±0.48 ACRES | ±21,048 SF

NUMBER OF APARTMENT HOMES47 HOMES

(43 MARKET RATE; 4 VERY LOW INCOME)

OCCUPANCY98% OCCUPIED | 100% LEASED

PARKING42 SINGLE SPACES 32 TANDEM SPACES

74 TOTAL SPACES (±1.57/HOME)

3HFF

Boutique Luxury Living – Where Luxury & Elegance Meet Sophistication

Vues on Gordon offers meticulously designed one, two, and three-bedroom apartment homes averaging ±844 square feet in a vibrant boutique community with the perfect balance of amenitized and intimate living. Home interiors are decorated with high-end cabinetry, quartz countertops, GE stainless steel appliances, vented washer and dryers, luxury plank flooring, plush carpeting in bedrooms, recessed lighting, Nest thermostats, USB charging ports, custom window treatments, and backlit vanities. In addition to the luxurious interior finishes, residents of the Property enjoy state-of-the-art community amenities such as a fully amenitized roof top deck with stunning views of the Hollywood Hills and the Hollywood sign, a beautifully landscaped courtyard with a fountain and BBQ grills, co-working creative space, bike storage, and reserved subterranean garage parking.

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Transit-Oriented Development in the Heart of Hollywood

Vues on Gordon benefits from an outstanding transit-oriented location, as the Property is located just steps away from the Metro Red Line Hollywood & Vine Station (0.5 miles away) and the 101 Freeway (0.3 miles away), both of which provide tenants convenient access to all major employment centers throughout Los Angeles. Moreover, the Property’s location in the heart of Hollywood allows for convenient access to a robust amenity base in the area including the W Hotel, the Dream Hotel, ArcLight Cinemas, Pantages Theater, Hollywood Bowl, amongst many others.

15-MINUTE WALK FROM

HOLLYWOOD / VINE METRO RED LINE STATION

5HFF

Thriving Creative Employers Expanding Corporate Footprint in Hollywood

Vues on Gordon’s central location is bolstered by the growing entertainment industry in Hollywood with iconic companies including Netflix, Viacom, Fender, Sunset Bronson and Sunset Gower Studios, and Paramount continuing to expand and invest in the area. Netflix in particular has made one of the largest investments in Hollywood, as it will occupy an impressive ±1.1MM SF of office space in Hollywood once they occupy all of their already committed space. Netflix currently occupies office space at ICON (±514,500 SF) and CUE (±92,000 SF), employing over 1,500 individuals, and recently announced it will be expanding their footprint by leasing the entire 13-story EPIC building on Sunset (±275,000 SF; 2020 Completion) and all available office space at Kilroy’s Academy on Vine mixed-use development (±355,000 SF; 2020 Completion), all of which are within walking distance from Vues on Gordon. Not only do tenants have access to 77,900 jobs within Hollywood, but also within a 30-minute drive there are over 911,200 jobs, many of which are located in the Miracle Mile, Wilshire District, West Hollywood and Downtown Los Angeles employment centers.

“ The entertainment industry is in the first inning of a content explosion”

EMPLOYMENT CENTER # OF JOBS SF of Office

DISTANCE FROM

SUBJECT

Hollywood/Miracle Mile/Wilshire District 256,000 31 million sq. ft. ±1.0 miles

West Hollywood 25,100 7.4 million sq. ft. ±3.0 miles

Beverly Hills 17,000 11.2 million sq. ft. ±5.5 miles

Glendale 95,000 12 million sq. ft. ±5.5 miles

Downtown Los Angeles 500,000 73 million sq. ft. ±7.0 miles

Century City 24,000 11.1 million sq. ft. ±7.5 miles

Pasadena 72,000 7.5 million sq. ft. ±14.5 miles

TOTAL : 989,100 153.2 million sq. ft.

6HFF

Revival of Hollywood

In recent years, Hollywood has benefitted from a major urban revitalization. Since 2009, more than $5 billion in public and private capital has been invested for residential, commercial, entertainment, and retail developments throughout Hollywood. The continued improvement in overall Hollywood infrastructure has resulted in strong growth in the residential and office market along with a surging tourism industry. Furthermore, inventory for office space is on track to reach 7.5 million square feet over the next five years, a 15% increase based on the current inventory. This construction boom coupled with the strengthening economic drivers has made Hollywood one of the top real estate markets in Southern California.

“ The entertainment industry is in the first inning of a content explosion”

7HFF

Exceptional Location Footsteps Away from World-Class Entertainment

Within walking distance of Vues on Gordon are numerous world-renowned restaurant and entertainment hotspots. The ease of access to a variety of amenities and attractions makes Hollywood a suitable environment for an unlimited scope of interests and a true live/work/play urban center. Residents at Vues on Gordon enjoy the best that Hollywood has to offer in employment, dining, shopping, and culture all within an easy stroll.

Delphine

Sugarfish

Tatsu Ramen

Stout Burgers & Beers

Trejo’s Cantina

APL Restaurant

Murakami Sushi

Paley

The Highlight Room

Avenue

Tao

Beauty & Essex

Warwick

Mama Shelter

Hollywood Bowl

Pantages Theatre

Equinox Hollywood

LA Fitness

CorePower Yoga

Orangetheory Fitness

Barry’s Bootcamp

Wild Card Boxing

Gold’s Gym

Runyon Canyon

NEARBY RESTAURANTS

NEARBY NIGHTLIFE

JOBS ATTRACTION EDUCATION

NEARBY FITNESS/RECREATION

Downtown Los Angeles

±73MM SF of Office ±500,000 Jobs

±6.5 Miles Away

Hollywood/Miracle Mile/Wilshire District ±31MM SF of Office

±256,000 Jobs±1,900,000 SF

Hollywood Forever Cemetery

±606,500 SF

±94,300 SF

±275,000 SF (EPIC Development; 2020

Completion)

±115,000 SF

Emerson College

SUNSET BOULEVARD

HAROLD WAY

10 MINUTE WALK

15 MINUTE WALK

8HFF

Century City ±11MM SF of Office

±24,000 Jobs ±8.0 Miles Away

West Hollywood ±7.4MM SF of Office

±25,100 Jobs ±3.5 Miles Away

±93,000 SF

±23,000 SF

The Fonda Theatre

±211,000 SF

Hollywood Palladium

±45,000 SF

The Los Angeles Film School

±113,000 SF

Ripley’s Believe it or Not!

±4,600 SF

±38,000 SF

Hollywood Wax Museum

±196,800 SF

±92,400 SF

HOLLYWOOD BO

ULEVARD

N. GOWER STREET

CARLTON WAY

METRO RED LINEHOLLYWOOD / VINE STATION

Hollywood Pantages Theatre

“VERY WALKABLE”82 WALK SCORE

WALKABLE TO

15-MINUTE WALK

HOLLYWOOD / VINE METRO RED LINE STATION

3% PROJECTED POPULATION GROWTH OVER NEXT 5 YEARS Source: Spotlight Demographics

1MM SF OF OFFICE SPACE TO BE ADDED OVER NEXT 5 YEARS Source: CoStar

$881,100 MEDIAN HOME VALUE(12.1% YOY INCREASE) Source: Zillow

2.8MM SF OF OFFICE

1.0MM SF OF RETAIL

±355,000 SF (Academy on Vine Development; 2020

Completion)

Source: CoStar

9HFF

Minimal Competing Supply and Increasing Barriers to Entry

Despite approximately ±2,000 apartment homes expected to be completed in 2019 and an additional ±750 homes to be completed in 2020, multi-housing development is expected to rapidly decline with no additional homes approved for construction scheduled to deliver after 2020. Seemingly never ending construction cost increases (7.6% in Los Angeles in 2018, the highest of any MSA), alongside new and recently raised municipal fees are increasing the barriers to entry in this highly desirable submarket, insulating the current inventory from future over-supply. The City of Los Angeles has implemented restrictive affordable housing measures and development fees that have dampened planned multi-housing construction throughout Los Angeles. Measure “JJJ”, Linkage Fees, and increased Quimby Fees are all cost-increasing measures that have created a challenging local economic climate for prospective multi-housing developers. Recent Class A builds such as Vues on Gordon will see outsized benefits from these policies.

Apartment Homes Under Construction

0

500

1,000

1,500

2,000

2,500

±2,000 HOMES to be completed

±750 HOMES to be completed

0 HOMES to be completed

2019 2020 2021Source: CoStar10

HFF

11HFF

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

CHARLES HALLADAYSenior Managing Director 415.276.6085 challaday@hfflp.com CA License #01756300

STEVEN PASKOVERDirector 310.407.2134 spaskover@hfflp.com CA License #01936051

ALEXANDRA CANIGLIADirector 310.407.2122 acaniglia@hfflp.com CA License #01994543

NICK LAVINAssociate 310.407.2125 nlavin@hfflp.com CA License #02081747

BLAKE A. ROGERSManaging Director 310.407.2138 brogers@hfflp.com CA License #01866591

Financing ContactsInvestment Contacts

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