Owner-User Office Building Opportunity

Alex Galuz President

22837 Ventura Boulevard Woodland Hills, CA 91364

22837 Ventura BoulevardOFFICE BUILDING IN WOODL AND HILLS

DISCL AIMER

The information contained herein has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must independently verify the information and bears all risks for any accuracies. Expenses are estimates.

LISTED BY

ALEX GALUZPresident(310) 466-0888 cell(818) 222-5040 office(818) 222-5041 faxalex@crescentrealtyla.comCA License: 01291486

Crescent Realty21241 Ventura Blvd #290Woodland Hills, CA 91364www.cresentrealtyla.com

Table of Contents

1 2 3INVESTMENT

OVERVIE WFINANCIAL OVERVIE W

SALES COMPAR ABLES

22837 Ventura Boulevard • Investment Overview

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Investment Overview

SUMMARY

Fantastic opportunity to own a beautiful office building on Ventura Bou-levard near Calabasas. Incredible street presence and signage visibility of 3 stories above 1 lever subterranean parking.

The top floor unit of 7,000 square feet is available to an owner-user. The top floor has high ceilings, two private restrooms, glass enclosed con-ference room, direct entrance elevator, large reception area and config-uration to get up to 30 offices! The first floor has tenant through 2023.The second floor offices are mostly month to month and may be vacat-ed for owner-user needs.

This building is right in the path of the “REIMAGINE VENTURA” pathway that makes Ventura Boulevard between Royer Avenue and Sale Avenue a walkable neighborhood street scene.

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$4,995,000 17,027 $293.36 1984LIST PRICE GROSS SF PRICE/SF YEAR BUILT

Owner-User Prime Ventura Boulevard Office Building with 6,000 SF PH Unit Available for New Owner Immediately

2nd Floor Available for Owner-User– If Needed

Fantastic Street Signage and Street Presence

Reimagine Ventura Pathway

Updated in 2010

INVESTMENT HIGHLIGHTS

22837 Ventura Boulevard • Investment Overview

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22837 Ventura Blvd

22837 Ventura Boulevard

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22837 Ventura Boulevard • Investment Overview

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WOODL AND HILLS

Woodland Hills is an upscale neighborhood located on the edge of the Santa Monica Mountains in the San Fernando Valley of northern Los Angeles. It’s lush, green and a great place to hike, bike, enjoy nature and update your wardrobe. Whether your interest is shopping or the outdoors, Woodland Hills has activities and attractions that can provide a fun, entertaining experience. On Ventura Boulevard there are lively bars and gastropubs with delicious food and live music, making Woodland Hills a unique, vibrant destination in the Valley.

67 66 15WALK SCORE BIKE SCORE MINUTES

Somewhat Walkable – Some errands can be accomplished on foot.

Bikeable – Flat as a pancake, minimal bike lanes.

To Thousand Oaks

LOCATION SCORES

LOCATION OVERVIE W

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Financial Overview

INVESTMENT SUMMARY

Price $4,995,000

Down Payment -

Property Type Class B Office

Assessor’s Parcel Number 2042-017-034

Year Built 1983

Zoning LAC4

Parking 33 Spaces*

Approx. Lot Size 0.21 AC

Approx. Gross Square Feet 17,027

Price per Gross SF $293.36

NOI - Current $113,851.84

NOI - Market $233,231.00

*10 parking spaces on the street level garage; 20 spaces in the subterranean garage and 3 spaces in the back of the building off the alley

PROPERT Y

Ingress/Egress Ventura Blvd and Rear Alley

Cross Street Ventura Blvd Between Royer Ave and Fallbrook Ave

Highway Access 101 Freeway

Construction -

Stories 3

Fire Sprinklers -

22837 Ventura Boulevard • Financial Overview

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Financial Overview

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RENT ROLL

UNIT TENANT STATUS UNITSIZE

CURRENTRENT

MARKETRENT DEPOSIT LEASE

FROMLEASETO MOVE-IN

100 Advanced Engineering & Consulting Current 2,725 $4,347.28 $5,450.00 $7,500.00 11/15/2013 5/31/2023 11/15/2013

200 Learning Dynamics Current 995 $1,504.49 $1,990.00 $1,260.00 5/1/2013 4/30/2021 5/1/2013

201 Mark Kaufman Properties Current 1,545 $2,400.00 $3,090.00 $2,250.00 12/1/2018 11/30/2020 8/1/2012

202 Yakir  Y. Cohen Current 1,340 $1,400.00 $2,680.00 $1,300.00 4/16/2018 MTM 4/16/2018

203 Nassirzadeh Investments, Inc. Current 940 $1,350.00 $1,880.00 $1,095.00 5/1/2013 10/31/2019 (MTM) 5/1/2013

204 Andranik Tarakchian Current 1,745 $2,000.00 $3,490.00 $1,800.00 11/1/2017 MTM 11/1/2017

205 OWNER - Guarachi Wine Current 585 $1,170.00 7/7/2011

300 (Entire Floor) OWNER - Guarachi Wine Partners Inc. Current 7,152 $12,167.40 $14,304.00 7/7/2011

17,027 $25,169.17 $34,054.00 $15,205.00

22837 Ventura Boulevard • Financial Overview

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PROFIT & LOSS – JANUARY THROUGH DECEMBER 2018

INCOME CURRENT MARKET

Rental Income $289,268.84 $408,648.00

Gross Income $289,268.84 $408,648.00

Total Expenses $175,417 $175,417

Net Operating Income $113,851.84 $233,231.00

EXPENSES CURRENT MARKET

Real Estate Taxes $63,117 $63,117

Cleaning $20,000 $20,000

Utilities $49,000 $49,000

Trash $5,000 $5,000

Management $13,000 $13,000

Leasing Fees $6,000 $6,000

Insurance $8,500 $8,500

Elevator         $3,000 $3,000

Repairs $6,000 $6,000

Fire Alarm $1,800 $1,800

Total Expenses $175,417 $175,417

Expense/NRSF $9.70 $9.70

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22837 Ventura Boulevard • Sales Comparables

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Sales Comparables

ADDRESS SALE DATE

SALE PRICE

YEAR BUILT

BUILDINGTYPE

GROSS SF

PRICE/ SF

NO. OF TENANTS

22837 Ventura BoulevardWoodland Hills, CA 91364 - $4,995,000 1984 Class B Office 17,027 $293.36 7

1 22041 Clarendon StreetWoodland Hills, CA 91367 8/27/2018 $3,120,000 1978 Class B Office 6,020 $518.27 4

2 5311 Topanga Canyon BoulevardWoodland Hills, CA 91364 5/22/2018 $3,835,000 1985 Class B Office 16,390 $233.98 7

3 19935 Ventura BoulevardWoodland Hills, CA 91364 5/1/2018 $4,950,000 1982 Class B Office 18,285 $270.71 10

4 20631 Ventura BoulevardWoodland Hills, CA 91364 3/6/2019 $5,400,000 1982 Class B Office 22,966 $235.13 19

5 22141 Ventura BoulevardWoodland Hills, CA 91364 9/10/2019 $5,872,000 1987 Class B Office 20,557 $285.67 10

6 22466 Ventura BoulevardWoodland Hills, CA 91364 4/5/2019 $2,170,000 1992 Class C Office 4,492 $483.08 1

Total/Average $337.81

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22837 Ventura BoulevardOFFICE BUILDING IN WOODL AND HILLS

LISTED BY

ALEX GALUZPresident(310) 466-0888 cell(818) 222-5040 office(818) 222-5041 faxalex@crescentrealtyla.comCA License: 01291486

Crescent Realty21241 Ventura Blvd #290Woodland Hills, CA 91364www.cresentrealtyla.com