DANIELLE HOSTON WRIGHSTERC: 323.639.0332 | O: 818.432.1695 | Danielle@Hostonassociates.comCalBRE #01378037

• Located in the heart of the Industrial District• Incredible development potential (M2 Zoning)• Three (3) separate parcels - 9,285 RSF, 14,609 lot SF• A filming location with significant income• Can live/work legally (certified artist in residence ordinance)

OFFERING MEMORANDUM606 E. 6TH STREET | LOS ANGELES | CA 90021

EXCLUSIVELY LISTED CARTER SCHMITT

C: 424.281.9049 | carters@kw.comCalBRE #02013496

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

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EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and in-vestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or in-creased to that level. Parties must evaluate any applicable contractu-al and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax at-torney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Studio City in compliance with all applicable fair housing and equal opportunity laws.

CONFIDENTIALITY & DISCLAIMER

DANIELLE HOSTON WRIGHSTER C: 323.639.0332 | O: 818.432.1695 | Danielle@Hostonassociates.com | CalBRE #01378037 CARTER SCHMITTC: 424.281.9049 | carters@kw.com | CalBRE #02013496

1.) PROPERTY INFORMATION Property Location Map & Descr ipt ion

Plat Map

Property Photos

2.) PROPERTY ANALYSIS Sales Comparables

M2 Zoning Information

ZIMAS ReportsNFO

3.) FUTURE DEVELOPMENT 6 th Street Viaduct Rendering

Notable Development Projects

Art ic les

CONTENTS

DANIELLE HOSTON WRIGHSTER C: 323.639.0332 | O: 818.432.1695 | Danielle@Hostonassociates.com | CalBRE #01378037 CARTER SCHMITTC: 424.281.9049 | carters@kw.com | CalBRE #02013496

PROPERTY INFORMATION

Carter Schmitt & Danielle Hoston Wrighster (Hoston & Associates, Inc) are pleased to present this exclusively listed investment opportunity lo-cated at 606 E 6th Street, Los Angeles, CA 90021. The subject property is comprised of three (3) parcels on a corner lot in close proximity to the Weingart Center & many new notable developments. The property is zoned M2, and the certified ordinance for the building is artist in resi-dence (rare), which allows occupants to live AND work there legally.

The current structure has long been regarded as a highly sought after neighborhood standout. The building was formerly a church which was converted into an artist loft and has undeniable charm and character with exposed brick, skylights, high ceilings, and original hardwood floors. The main level has 4 bedrooms, a kitchen, plus an abundance of live/work spaces that continues upstairs into the giant wide-open loft. The property includes a very large, finished basement with its own 2 bed-rooms, 1 bath plus separate entrance accessed from the electronically gated parking lots. The property has been used as the primary residence of the seller and was rented out periodically as a filming location that generated exceptional income over 15 years.

The property being located directly on 6th Street is significant because it is approximately 1/2 mile from the highly anticipated $482 million dollar 6th Street Viaduct. Sixth Street is anticipated to the be the new “corridor to Downtown” due to the construction of the largest bridge project in the history of Los Angeles. Preliminary plans include a $22M,12-acre park that will connect Boyle Heights to the Arts District (DTLA) through green space under the bridge. Additionally, the recent growth of DTLA has caused an explosion in value and opportunity in the Arts District. The Industrial District is posi-tioned to experience a similar boom with the flurry of recent sales and many future development projects in the works.

The seller has offered this property off market for $4,285,000... CALL TODAY!

PROPERTY LOCATION - MAP & DESCRIPTION

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606 E. 6TH STREET | LOS ANGELES | CA 90021

PLAT MAP

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606 E. 6TH STREET | LOS ANGELES | CA 90021

PROPERTY PHOTOS - EXTERIOR

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606 E. 6TH STREET | LOS ANGELES | CA 90021

PROPERTY PHOTOS - EXTERIOR

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606 E. 6TH STREET | LOS ANGELES | CA 90021

PROPERTY PHOTOS - UPPER LEVEL

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606 E. 6TH STREET | LOS ANGELES | CA 90021

PROPERTY PHOTOS - GROUND LEVEL

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606 E. 6TH STREET | LOS ANGELES | CA 90021

PROPERTY PHOTOS - BASEMENT

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606 E. 6TH STREET | LOS ANGELES | CA 90021

PROPERTY ANALYSIS

SALES COMPARABLES MAP (M2 ZONING)

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606 E. 6TH STREET | LOS ANGELES | CA 90021

C

ADDRESS:YEAR BUILT:

SF:LOT SIZE SF:

SALE:PP/LOT SF:

COE:

1107 E. 7th St , Los Angeles, CA 90021197613,823 SF20,767 SF$4,800,000$231.1411/16/17

ADDRESS:YEAR BUILT:

SF:LOT SIZE SF:

SALE:PP/LOT SF:

COE:

506 Stanford Ave, Los Angeles, CA 90013196910,24910,725$3,000,000$279.7211/13/17

A

B

ADDRESS:YEAR BUILT:

SF:LOT SIZE SF:

SALE:PP/LOT SF:

COE:

760 Crocker St , Angeles, CA 9002319608,910 SF11,006 SF$3,525,000$320.28 6/01/17

SALES COMPARABLES MAP (M2 ZONING)

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606 E. 6TH STREET | LOS ANGELES | CA 90021

ADDRESS:YEAR BUILT:

SF:LOT SIZE SF:

SALE:PP/LOT SF:

COE:

519 7th St , Los Angeles, CA 9001419847,919 SF11,367 SF$3,000,000$263.924/19/17

ADDRESS:YEAR BUILT:

SF:TOTAL LOT

SALE:PP/LOT SF:

COE:

519, 531, 535 Towne Ave, Los Angeles, CA 900211971 - 19772,750 SF, 8,654 SF, 2,725 SF19,219 SF$4,150,000$215.931/13/17

ED

E

SALES COMPARABLES (M2 ZONING)

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606 E. 6TH STREET | LOS ANGELES | CA 90021

**For ful l Z IMAS package,please emai l us di rect ly at info@hostonassociates.com

ZIMAS REPORTS

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606 E. 6TH STREET | LOS ANGELES | CA 90021

FUTURE DEVELOPMENT

6TH STREET VIADUCT RENDERING

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For more information: www.sixthstreetviaduct.org

6TH STREET VIADUCT INFORMATION

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FUTURE DEVELOPMENTS

FUTURE DEVELOPMENTS

THE ROW(0.5 MILES FROM 606 E 6th St)

• The 30-acre industrial complex, highlighted by its trio of hulking 98-year-old warehouses, is being rebranded by owner Atlas Capital Group as ROW DTLA, a two-million-square-foot campus consisting of creative offices, green spaces, shops and restaurants.

• Plans call for approximately 1.3-million square feet of office space capable of housing as many as 20,000 employees. Each building offers 70,000-square-foot floor plates, featuring high ceilings, sandblasted walls and restored windows.

• For ROW DTLA’s 200,000 square feet of ground-floor commercial space the developers are targeting an eclectic mixture of restaurant op-tions, as well as “over 100 of the most progressive luxury brands, avant-garde fashion designs and unique merchants.”

• Additional features include more than 20,000 square feet of event space, over 30,000 square feet of art display space, and approximately five acres of landscaped open space.Future tenants will be served by a 10-story, 5,000-car parking garage which was recently completed on the southern edge of the property.

Link to article: https://urbanize.la/post/adidas-open-office-row-dtla

FUTURE DEVELOPMENTS

508 E. 4th (0.3 MILES FROM 606 E 6th St)

• The proposed seven-story building, which first emerged this past February, would rise at 508 E. 4th Street, replacing the Hart Hotel.

• The completed development, designed by Togawa Smith Martin, would create 40 apartments.

• The project was approved by the Los Angeles City Planning Commission under the city’s Priority Housing Program, which offers streamlined processing for developments that meet certain afford-ability thresholds.

Link to article: https://urbanize.la/post/649-lofts-prepping-construction-7th-wall

WEINGART CENTER (Across the street from 606 E 6th St)

•The proposed developments, filed with the Department of City Planning this past February, would rise on two sites near the intersection of 6th and San Pedro Street, replacing a City-owned parking lot and a cluster of small commercial buildings already owned by the non-profit organization. A full buildout of the projects could generate more than 1,000 units of permanent supportive and affordable housing.

• Renderings from San Diego-based Joseph Wong Design Associates portray two contempo-rary high-rise structures, rising 19 stories in height. Each features open-air decks at multiple points, as well as ground-floor commercial space.

• Per the Weingart Center website, the initial phase of the project would consist of 278 rental units - 80 percent of which would be set aside as permanent supportive housing, and the re-maining 20 percent of which would be traditional affordable housing. The 210,000-square-foot building would feature one-228 efficiency units and 50 one-bedroom units, in addition to on-site supportive services, a multipurpose area, fitness facilities and green space.

•Completion of an initial phase is anticipated in 2021, according to the project website.Link to article: https://urbanize.la/post/first-glimpse-weingart-centers-proposed-towers

FUTURE DEVELOPMENTS

THE 649 LOFTS(0.3 MILES FROM 606 E 6th St)

• The proposed $27-million development, known as the 649 Lofts, is slated for an approximately .34-acre property at the northwest corner of 7th and Wall Streets. Plans call for a seven-story building, greeting 54 studio apartments geared toward formerly homeless and other at-risk in-dividuals, as well as one manager’s unit.

• Plans also call for 25,000 square feet of ground-floor commercial space, as well as parking for 25 vehicles.Link to article: https://urbanize.la/post/649-lofts-prepping-construction-7th-wall

7TH & MAPLE (0.4 MILES FROM 606 E 6th St)

• The 33-story tower proposed for the southwest corner of Seventh and Maple streets is remarkable for the area. Its neat facade features dark concrete and swaths of industrial-look windows that glass in 452 apartments.

• There’s a pool deck on the sixth floor and retail space on the ground level. A patterned steel screen hides several floors of the aboveground parking podium. A paseo runs along the rear of the complex, connecting Seventh Street to Santee Court. This tower would reshape the neighborhood from entirely commercial into one with a mix of uses and a multitude new residents.

• This project received the go-ahead from the City Planning Commission and now heads to the City Council.Link to article: https://therealdeal.com/la/2017/09/15/fashion-district-could-see-its-first-high-rise/

660 STANFORD(0.2 MILES FROM 606 E 6th St)

Recently filed environmental documents with the Department of City Planning describe the sev-en-story building that would replace the three-story, 50-unit Lamp Lodge at 660 S. Stanford Ave.

The new project would create 81 with 16 parking stalls and 91 bicycle parking spots.Link to article: http://www.ladowntownnews.com/development/more-details-on-a-planned-seven-story-affordable-housing-building/article_3acb0038-cfb8-11e7-9360-2b335f867676.html

FUTURE DEVELOPMENTS

5TH & TOWNE (0.2 MILES FROM 606 E 6th St)

• Plans were filed Thursday with the city to build a 14-story building with 150 afford-able units (plus one manager’s unit) in an approximately 77,000-square-foot build-ing. The planned building would rise on 5th Street, between Towne Avenue and Crocker Street.

• Urbanize LA notes there are two buildings on the site now operating as residential right now. They were converted in the 1990s by Skid Row Housing Trust.

Link to article: https://la.curbed.com/2017/1/27/14418704/150-affordable-units-skid-row

SP7(0.1 MILES FROM 606 E 6th St)

• A presentation to the Downtown Los Angeles Neighborhood Council’s Planning and Land Use Com-mittee has unveiled renderings for SP7, Skid Row Housing Trust’s latest ground-up development in the Industrial District.

• Named for its location at the corner of 7th and San Pedro Streets, the project would be highlighted by a seven-story building featuring 81 apartments and various residential amenities. Plans also call for the rehabilitating 19 existing residential units in a nearby building.

• Santa Monica-based KFA, a frequent collaborator with Skid Row Housing Trust, is designing SP7 as a contemporary building with energy efficient features to achieve LEED certification.Link to article: https://urbanize.la/post/skid-row-housing-trusts-latest-development-unveiled

6TH & CENTRAL(0.4 MILES FROM 606 E 6TH St)

Industrial District’s proposed 6th at Central development via a document from the Down-town Los Angeles Neighborhood Council.

•The project calls for the construction of an eight-story mixed-use building at the current site of the Triangle Plaza shopping center. The mid-rise structure would feature 236 studio, one- and two-bedroom apartments above 12,000 square feet of ground floor commercial space. Plans also call for amenities such as a community room, a courtyard and a 305-car garage.

• Designing the residential-retail complex, which is highlighted by a facade opening along Central Avenue. Plans call for exterior material such as smooth plaster, wood and metal panels.Link to article: https://urbanize.la/post/fresh-renderings-6th-central

FUTURE DEVELOPMENTS

EFFICIENT CITY APARTMENTS(0.2 MILES FROM 606 E 6th St)

Century-old buildings Century-old buildings to become mixed-use development.• A document from the Downtown Los Angeles Neighborhood Council (DLANC)’s Planning and Land Use Committee has revealed new details about a proposed development which would convert a series of buildings in Skid Row into high-density housing.

• The project, described as the “Efficient City Apartments,” would span between four buildings at 721, 801, 809 and 813 E. 5th Street.

• Designs for David Lawrence Gray Architects call for a total of 160 residential units above slightly over 10,000 square feet of retail space and parking accommodations for 32 automobiles and 40 bicycles.

The project would provide so-called micro-units, also known as efficiency apartments.

• The project, described as the “Efficient City Apartments,” would span between four build-ings at 721, 801, 809 and 813 E. 5th Street.

• Designs for David Lawrence Gray Architects call for a total of 160 residential units above slightly over 10,000 square feet of retail space and parking accommodations for 32 auto-mobiles and 40 bicycles.The project would provide so-called micro-units, also known as efficiency apartments. Link to article: https://urbanize.la/post/micro-apartments-proposed-skid-row

ARTICLE - LA DOWNTOWN NEWS

These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Keller Williams Realty/KW Commercial or its personnel, and all interested parties must independently verify its accuracy and completeness.

DANIELLE HOSTON WRIGHSTER C: 323.639.0332 | O: 818.432.1695Danielle@Hostonassociates.com

CalBRE #01378037

CARTER SCHMITTC: 424.281.9049 | carters@kw.com

CalBRE #02013496

4061 LAUREL CANYON BLVD | STUDIO CITY | CA 91604