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No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. NAI Capital CA DRE #01990696

7366 SANTA MONICA BOULEVARDW E S T H O L LY W O O D , C A 9 0 0 4 6

NAI Capital - Pasadena 225 South Lake Avenue Suite 1170 Pasadena, CA 91101www.naicapital.com

Exclusive Contacts:

TABLE OF CONTENTS

SECTION 1 EXECUTIVE SUMMARY Investment SummaryInvestment HighlightsProperty Summary Property Photos

SECTION 2CURRENT FINANCIAL OVERVIEW Sales Comps

SECTION 3 AREA OVERVIEW About West Hollywood

Maps

Demographics

Businesses in West Hollywood

4Q 2018 West Hollywood Retail Market Highlights

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SECTION 1 EXECUTIVE SUMMARY

Investment Summary

Investment Highlights

Property Summary

Property Photos

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7366 Santa Monica Boulevard is a freestanding, single-story building erected in 1930

and renovated in 2008. The building measures approximately 2,791 SF and sits on

approximately 4,996 SF of land. The skylight and expansive window line along the front

and side of the building offer an abundant amount of natural light. The property features

polished concrete floors, front showroom area, private office, large work area, and an

ADA accessible restroom. Up to nine (9) parking spaces on-site are included in the

gated, secure parking lot behind the building.

Offering Summary

Property Information

Price $2,600,000

Price per Square Foot: $931

Approximate Build Size: 2,791 SF

Approximate Land Size: 4,996 SF

Property Type: Freestanding Retail

Year Built: 1930

Year of Renovation: 2008

Construction: Wood frame and stucco

APN: 5531 021 017

Zoning: CC1

Parking: Up to nine (9) on-site and gated

Property Address: 7366 Santa Monica Boulevard, West Hollywood, CA 90046 Southeast corner of Santa Monica Boulevard and Martel Avenue between La Brea Avenue to the east and Fairfax Avenue to the west.

Building Size: The building contains approximately 2,791 SF on one (1) level

Year of Construction: 1930

Year of Renovation: 2008

Land Area: Approximately 4,996 SF with 40’ fronting Santa Monica Boulevard by 125’ fronting Martel Avenue to a 20’ city-owned alley.

Restroom: One (1) ADA accessible restroom

HVAC: Two (2) Central HVAC units located on the roof.

Security: Security system includes contacts on exterior doors plus interior motion detectors.

Parking: Up to nine (9) parking spaces on-site in a surface lot behind the building. Abundant metered street parking on Santa Monica Boulevard and Martel Avenue.

Zoning: CC1

Santa Monica Blvd

Property Description

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The property is located on of one of the busiest east-west arterial

thoroughfares in Los Angeles. The area is fast becoming a dense residential

and commercial neighborhood with several new mixed-use developments

as well as numerous production studios, many within walking distance.

Some notable neighbors include Whole Foods, Trader Joe’s, Best Buy,

Target, plus an abundance of restaurants, nightclubs and boutique retail

stores. The property lies directly across the street from Plummer Park.

West Hollywood is a top travel destination among the entertainment

industry, celebrities, super-affluent residents and tourists. The area’s stylish

hotels attract the well-traveled with their dedication to providing premium

services and personalized experiences. This scene is densely packed

into 1.9 walkable square miles, including a vast culinary landscape. The

Sunset Strip features renowned nightlife, designer flagships lining The

West Hollywood Design District, celebrity hot spots, global annual events,

premier spas and fitness centers, entertainment and much more. The area

is considered highly desirable for tenants looking to lease office, retail and

apartments due to the demand far exceeding available inventory, pushing

rental prices to new highs.

58Transit Score®

(Good Transit)

Property Location

63Bike Score®

(Bikeable)

Santa Monica Blvd

N M

arte

l Ave

N Vis

ta S

t

97Walk Score® (Walker’s Paradise)

Traffic Counts

46kSanta Monica Blvd

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Photos

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Photos

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SECTION 2 CURRENT FINANCIAL OVERVIEW

Sales Comps

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7366 SANTA MONICA BOULEVARD, WEST HOLLYWOOD

Address 7366 Santa Monica Blvd 8460 Santa Monica Blvd 638 N. Doheny Dr 8036 W. 3rd Street 7715 Santa Monica Blvd

City West Hollywood West Hollywood West Hollywood Los Angeles West Hollywood

Floors 1 1 1 1 1

Built 1930 1938 1940 1946 1920

Bldg SF 2,791 4,233 2,000 2,203 2,532

Land SF 4,996 5,663 4,051 4,404 5,053

Date of Sale N/A Dec 2018 Jan 2019 Feb 2018 Jan 2018

Sale Price $2,600,000 $4,472,771 $3,243,000 $2,474,000 $2,256,000

Price PSF Bldg $931 $1,056 $1,621 $1,123 $891

Price PSF Land $520 $789 $800 $561 $446

Notes Subject property Investment sale Vacant at time of sale Off market sale Property in poor condition

Sales Comparables

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SECTION 3 AREA OVERVIEW

About West Hollywood

Maps

Demographics

Businesses in West Hollywood

4Q 2018 West Hollywood Retail Market Highlights

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West HollywoodL O S A N G E L E S , C A

S U M M A R Y

West Hollywood, the city commonly referred to as WeHo, consists

of 1.9 walkable square miles between Beverly Hills and Hollywood.

The city was incorporated into Los Angeles County in 1984 and

enjoys a stellar reputation as one of the most prominent LGBT

communities in the world.

West Hollywood encompasses the famous Sunset Strip, which

extends for roughly 1.5 miles from the city’s eastern border at

La Brea Avenue to its western border at Doheney Drive. The

Strip offers an array of entertainment from intimate music venues

to nightclubs, restaurants, and high-end boutiques. These

establishments create a vibrant atmosphere filled with neon lights,

crowds, cruisers, and onlookers.

This area is a top travel destination among entertainment industry

professionals, international jet setters and the global LGBT

community. Hotels such as The Charlie Hotel, La Peer Hotel, Petit

Ermitage, and Sunset Marquis attract thousands of visitors from

tourists to film crews. West Hollywood’s Design District is another

local hot spot that serves as a cultural destination for art, fashion,

shopping and dining.

West Hollywood

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Maps

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Parcel Maps

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West Hollywood Highlights

City Size 1.9 square miles

Density 19,915 psm

Population 37,572

Average Daytime Population 54,437

Average Household Income $103,975

Median Age 39.1

Total Households 25,148

Total Housing Units 25,148

19,774 Renter-Occupied Housing Units

5,374 Owner-Occupied Housing Units

990 Vacant Housing Units

Demographics

Household Income Distribution

$200,000 or More

$150,000 to $199,999

$125,000 to $149,999

$100,000 to $124,999

$75,000 to $99,999

$50,000 to $74,999

$35,000 to $49,999

$25,000 to $34,999

$15,000 to $24,999

$10,000 to $14,999

Under $10,000

Household Income Distribution

$200,000 or More

$150,000 to $199,999

$125,000 to $149,999

$100,000 to $124,999

$75,000 to $99,999

$50,000 to $74,999

$35,000 to $49,999

$25,000 to $34,999

$15,000 to $24,999

$10,000 to $14,999

Under $10,000

Households by Income

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Businesses in West Hollywood

Businesses in West Hollywood

4,260 Total Businesses

45,970 Total Employees

3.8% Unemployment Rate*

$1.83B Total Annual Household Expenditures

$857M Total Annual Retail Expenditures

$6,050 Total Monthly Household Expenditures

$2,841 Total Monthly Retail Expenditures

Principal Employers Number of Employees

Los Angeles County Metropolitan Transportation Authority 520

Target Corp. 289

CityGrid Media/Inter Active Corp 288

City of West Hollywood 236

Mondrian 215

Sunset Marquis 200

1 OAK LA 200

Laz Parking 200

Pavilions 180

The London West Hollywood 172

Andaz West Hollywood 167

Sunset Tower Hotel 159

Whole Foods Market 153

Oprah Winfrey Network 150

Ralphs 141

Hollywood Standard LLC 140

Compass 128

The Jeremy Hotel 120

Best Buy 100

Saddle Ranch Restaurant 95

Source: NAI Capital Research; City of West Hollywood

Corporate Logos

*2017

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4Q 2018 West Hollywood Retail Market Highlights

Retail Market Trends

4Q 18 3Q 18 4Q 17

Asking Rent (Price/SF) * $5.99 $5.95 $5.72

Vacancy (%) 4.7% 5.1% 4.0%

Lease Volume (SF) 17,172 63,395 42,258

Under Construction (SF) 49,672 49,672 67,855

Deliveries (SF) 0 22,455 0

Sources: NAI Capital Research, CoStar *Rents reflect building sizes 5,000 SF or higher

1.0%

2.0%

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$3.00

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$8.00

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Vacant (%) Asking Rent (Price/SF)

1.0%

2.0%

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4.0%

5.0%

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$3.00

$4.00

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Vacant (%) Asking Rent (Price/SF)

$0.00

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

2010 2011 2012 2013 2014 2015 2016 2017 2018

Sold Price/SF

$0.00

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

2010 2011 2012 2013 2014 2015 2016 2017 2018

Sold Price/SF

Retail Market Average Asking Rent & Vacancy Rate

West Hollywood Retail Market Average Sales Price/SF

Source: NAI Capital Research, CoStar

No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. NAI Capital CA DRE #01990696

Exclusive Contacts:

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