1901 S Hoover St
Los Angeles, CA 90007

Located between Downtown and Koreatown adjacent to the Wilshire Business District and University Southern California Campus, Pico-Union is one of the top four most dense submarkets in Los Angeles. The population in Los Angeles is projected to grow 38% (Bloomberg) between 2017 and 2025 with the greater Los Angeles area including Pico-Union being the densest urban area in the US. This projected growth is evident by the current market rate and affordable apartment projects recently completed and under construction (see attached Exhibit of a sampling of these new multi-family projects, page 15). Pico-Union and Koreatown has very low per capita retail daily needs and services and the businesses that are fortunate enough to operate in the trade area are typically under-sized with old format operations, further highlighting this rare Investment opportunity.