City of Los Angeles - City Clerk Internet Site

City of Los Angeles - City Clerk Internet Site

BOARD OF BUILDING AND SAFETY COMMISSIONERS City of Los Angeles CALIFORNIA DEPARTMENT OF BUILDING AND SAFETY VAN AMBATIELOS E. FELICIA BRANNON / V...

12MB Sizes 0 Downloads 0 Views

Recommend Documents

°1~(~ - City Clerk Internet Site - City of Los Angeles
Dec 2, 2013 - 17. 607 HUNTLEY DR, WEST HOLLYWOOD, CA 90069-5006. TSU IRENE TRUST. NAGY IVAN. 4337-014-056. LOS ANGELES,

5i#j - City Clerk Internet Site - City of Los Angeles
May 31, 2016 - Began broadcast career at KPCC in news department headed by Larry ... host many TV shows, including shows

City of Los Angeles - City Clerk Internet Site
Jun 15, 2016 - herebyGRANT(s)to Charles Arthur Ballard and Kathryn Joy Ballard, ... the following real property in the c

DBS - City Clerk Internet Site - City of Los Angeles
Mar 11, 2016 - Building and Safety (the “Department”) investigated and identified code violations at: 323 East 93rd

adopted - City Clerk Internet Site - City of Los Angeles
Stein, co-Founder, Sire Records Groups for his Leadership and success in the music ... Seymour Stein born I 942, Brookly

protest - City Clerk Internet Site - City of Los Angeles
May 14, 2008 - among Century City Inc, S. Jon Kreedman and Century Towers Assn. dated Feb.16, 1973. Copies of these agre

Notice - City Clerk Internet Site - City of Los Angeles
Dec 29, 2016 - yards of earth from the project site located at 1561 North Blue Jay Way, ... Los Angeles, CA 90012, In ad

parking distr. - City Clerk Internet Site - City of Los Angeles
Oct 6, 2010 - PPD No. 40. Due to a moratorium, staff from Los Angeles Department of Transportation held an informal meet

budget & finance - City Clerk Internet Site - City of Los Angeles
Aug 4, 2014 - Occupation/profession: Special Assistant, Office of Community Planning ... Community Stabilization Trust f

BOARD OF

BUILDING AND SAFETY COMMISSIONERS

City of Los Angeles CALIFORNIA DEPARTMENT OF

BUILDING AND SAFETY VAN AMBATIELOS E. FELICIA BRANNON

/

VICE PRESIDENT

JOSELYN GEAGA-ROSENTHAL GEORGE HOVAGUIMIAN JAVIER NUNEZ

201 NORTH FIGUEROA STREET LOS ANGELES, CA 90012

Sr

PRESIDENT

a'-xu*

FRANK M. BUSH

ERIC GARCETTI MAYOR

GENERAL MANAGER

OSAMA YOUNAN, P.E. EXECUTIVE OFFICER

May 26, 2017

Council District: # 1

Honorable Council of the City of Los Angeles Room 395, City Hall JOB ADDRESS: 1543 WEST OLYMPIC BLVD., LOS ANGELES, CA ASSESSORS PARCEL NO. (APN): 5137-003-024 On December 12, 2016, pursuant to the authority granted by Section 91.103 of the Los Angel es Municipal Code, the Department of Building and Safety (the “Department”) investigated and identified code violations at: 1543 West Olympic Blvd., Los Angeles, California, (the “Property”). A copy of the title report which includes a full legal description of the property is attached as Exhibit A. Pursuant to Section 98.0421, the property owner was issued an order on December 12, 2016, to pay a code violation inspection fee after violations were identified and verified upon inspection. The code violation inspection fees imposed by the Department are as follows: Description Code Violation Investigation Fee System Development Surcharge System Development Surcharge late Fee Late Charge/Collection Fee (250%) Title Report Fee

$

Grand Total

$

Amount 336.00 20.16 50.40 840.00 42.00 1,288.56

Pursuant to the authority granted by Section 7.35.3 of the Los Angeles Administrative Code, it is proposed a lien for a total sum of $1,288.56 recorded against the property. It is requested that the Honorable City Council of the City of Los Angeles (the “City Council”) designate the time and place protest can be heard concerning this matter, as set forth in Sections 7.35.3 and 7.35.5 of the Los Angeles Administrative Code. It is further requested that the City Council instruct the Department to deposit to Dept 08, Fund 48R, Balance Sheet Account 2200, any payment received against this lien in the amount of $1,288.56 on the referenced property. A copy of the title report which includes a full legal description of the property is attached as Exhibit A. A list of all the names and addresses of owners and all interested parties entitled to notice is included (Exhibit B). Also attached is a report which includes the current fair market value of the property including all encumbrances of record on the property as of the date of the report (Exhibit C).

DEPARTMENT OF BUILDING AND SAFETY

Stev/tbngele (J V u ' v Chief; Resource Management Bureau ATTEST: HOLLY L. WOLCOTT, CITY CLERK Lien confirmed by City Council on: BY: DEPUTY

EXHIBIT A

I n2-Re nJ

■>'

- f %j&b: ! ilth/e

-
te* Solution

5711 W. SLAUSONAVE., SUITE 170 CULVER CITY, CA 90230 Phone 310-649-2020 310-649-0030 Fax

Property Title Report Work Order No. T14172 Dated as of: 04/19/2017

Preparedfor: City ofLos Angeles SCHEDULE A (Reported Property Information) APN#: 5137-003-024

Property Address: 1543 W OLYMPIC BLVD

'S City: Los Angeles

County: Los Angeles

VESTING INFORMA TION Type ofDocument: GRANT DEED Grantee: UNION & GRATTAN PROPERTIES LLC Grantor: OLYMPIC TOWN LLC Recorded: 09/12/2016 Deed Date: 08/25/2016 InstrNo. : 16-1092214 MAILING ADDRESS: UNION & GRATTAN PROPERTIES LLC 1321 SBERENDO START B LOS ANGELES CA 90006 SCHEDULER LEGAL DESCRIPTION Lot: 17 Block: B Tract No: 158 Abbreviated Description: LOT: 17 BLK:B CITY:REGION/CLUSTER: 23/23628 SUBD.MRS FITZGERALD TRA CT TRU.158 LOT COM A T MOST E COR OF LOT 17 BLK B MRS FITZGERALD’S TRACT TH SW ON NW LINE OFGRA TTAN STAND NW ON NE LINE OF OLYMPIC BLVD IMP1-OFF, !UNlT,66536SF,YB:1966.5STY;IMP2=OFF,58644SF,YB: 1964,5STY.City/Mum/Twp: REGION/CLUSTER: 23/23628

MORTGAGES/LIENS Type of Document: DEED OF TRUST SECURITY AGREEMENT ASSIGNMENT OF LEASES Document #: 16-1092215 Recording Date: 09/12/2016 Loan Amount: $18,055,000 Lender Name: IBORROW FINANCE LOAN FUND LLP Borrowers Name: UNION & GRATTAN PROPERTIES LLC MAILING ADDRESS: MUCH SHELIST PC 191 NORTH WACKER DR. STE 1800 CHICAGO, IL 60606 Type of Document: NOTICE OF DEFAULT Document#: 17-0169799 Recording Date: 02/10/2017 MAILING ADDRESS: FIDELITY NATIONAL TITLE COMPANY 11000 OLSON DR# 101, RANCHO CORDOVA, CA 95670

/ ■*

RECORDED AT THE REQUEST CF CHICAGO TITLE COMPANY 20161092214 RECORDING REQUESTED BY AND WHEN RECORDED MAIL THIS DEED AND, UNLESS OTHERWISE SHOWN BELOW, MAIL TAX STATEMENTS TO:

UNION & GRATTAN PROPERTIES, LLC 1321 S. Berendo Ave., Unit B Los Angeles, CA 90006

k

///io/tf4__________________________

S’/31-063- Q'Z'1/

w

THIS SPACE ABOVE FOR RECORDER’S USE

GRANT DEED

THAT DOCUMENTARY THE UNDERSIGNED GRANTOR DECLAi TRANSFER TAX IS $27,500.00 COUNTY $112,500.00 CITY, COMPUTED ON FULL VALUE OF PROPERTY CONVEYED. FOR A VALUABLE CONSIDERATION, RECEIPT OF WHICH IS HEREBY ACKNOWLEDGED, OLYMPIC TOWN, LLC, a California limited liability company (“Grantor”), hereby grants to UNION & GRATTAN PROPERTIES, LLC, a California limited liability company (“Grantee”), that certain real property in the City of Los Angeles, County of Los Angeles, State of California, more particularly described in Exhibit “A” attached hereto and made a part hereof (the “Property”). TOGETHER WITH all rights of ways, easements, rights, privileges and appurtenances thereto or in any way appertaining, all improvements thereon and all the estate, right, title, interest and claim, either at law or in equity, of Grantor in the said Property. This Deed and the conveyance hereinabove set forth is executed by Grantor and accepted by Grantee subject to nondelinquent taxes and assessments shown on the assessor’s tax rolls as

of the date hereof, all covenants, conditions, restriction, reservations, right, rights of way, easements, encumbrances, title matters of record, the rights of tenants in possession and any matters which could be ascertained by a proper inspection or survey of such Property. Dated:

August 25, 2016

Signature follows on the next page

1?

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF CALIFORNIA

)

) COUNTY OF LOS ANGELES

ss:

)

On August 25 , 2016, before me, Tom G. Cho________ Notary Public, Jin Woo Lee-an3~Mlkyung Lee ________ , who personally appeared proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument, I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct, WITNESS my hand and official seal.

12 Z

l [SEAL]

tom g. cho Commission # 2070316 Notary Public ■ California z Las Angeles County j

I

Signature of Notary Public

( -«i .


IN WITNESS WHEREOF, Grantor has caused this Grant Deed to be executed by its representative thereunto duly authorized as of the day and year first above written. SELLER:

OLYMPIC TOWN, LLC, a California limited liability company By: Name: Its:

Jin Woo Lee Managing Member ! I /

Name: Mikvuftg Its: ~ Mafraging Member

RECORDER MEMO. This COPY is NOT an OFFICIAL RECORD.

.

RECORDED AT THE REQUEST CF CHICAG&TITLE COMPANY

RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO:

Much Shelist, P.C.. 191 North Wacker Drive, Suite 1800 Chicago, Illinois 60606.1615 Attention; Michael D. Buistein l)I($0 / bfria

Stli- 0V3-01Y DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING (California) by

UNION & GRATTAN PROPERTIES, LLC, a California limited liability company, as Trustor,

to CHICAGO TITLE COMPANY, as Trustee,

RECORDER MEMO: This COPY is NOT an OFFICIAL RECORD

for the benefit of IBORROW FINANCE LOAN FUND I, L.P., a Delaware limited partnership, as Beneficiary THIS INSTRUMENT CONSTITUTES A FIXTURE FILING AND IS TO BE INDEXED IN THE REAL PROPERTY RECORDS. ATTENTION COUNTY RECORDER: THIS INSTRUMENT IS INTENDED TO BE EFFECTIVE AS A FINANCING STATEMENT FUED AS A FIXTURE FILING PURSUANT TO SECTION 9-501 OF THE CALIFORNIA COMMERCIAL CODE. PORTIONS OF THE GOODS COMPOSING A PART OF THE REAL ESTATE PROPERTY ARE OR ARE TO BECOME FIXTURES RELATED TO THE REAL ESTATE DESCRIBED IN EXHIBIT "A" HERETO. THIS INSTRUMENT IS TO BE FILED FOR RECORD IN THE RECORDS OF THE COUNTY WHERE DEEDS OF TRUST ON REAL PROPERTY ARE RECORDED AND SHOULD BE INDEXED AS BOTH A DEED OF TRUST AND AS A FINANCING STATEMENT COVERING FIXTURES. THE ADDRESSES OF TRUSTOR (DEBTOR) AND BENEFICIARY (SECURED PARTY) ARE SPECIFIED IN PARAGRAPH 23 OF THIS INSTRUMENT.

NOTICE: SOME OF THE OBLIGATIONS SECURED HEREBY PROVIDE FOR PERIODIC INCREASES AND/OR DECREASES IN THE APPLICABLE INTEREST RATE.

6958736

RECORDER MEMO: This COPY is NOT an OFFICIAL RECORD 1

A

DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING THIS DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING (“Deed of Trust”) is made as of August 24, 2016 (the “Effective Date”! by UNION & GRATTAN PROPERTIES, LLC, a California limited liability compauy (“Trustor”), to CHICAGO TITLE COMPANY (“Trustee”) for the use and benefit of IBORROW FINANCE LOAN FUND I, L.P., a Delaware limited partnership (“Beneficiary”):

RECITALS: Beneficiary has agreed to loan to Trustor the principal amount of EIGHTEEN (A) MILLION FIFTY-FIVE THOUSAND AND NO/100 DOLLARS ($18,055,000.00) (“Loan”). The Loan shall be evidenced by a certain Promissory Note of even date herewith (as amended, restated or replaced from time to time, “Note”) made by Tnistor payable to Beneficiary in the original principal amount of the Loan and due on August 24, 2017. subject to extension as provided in the Note (“Maturity Date”), except as may be accelerated pursuant to the terms hereof or of the Note or any other Loan Document (as defined in the Note). A condition precedent to Beneficiary's extension of the Loan to Trustor is the execution and delivery by Tnistor of this Deed of Trust.

(B)

RECORDER MEMO; This COPY is NOT an OFFICIAL RECORD

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Tnistor agrees as follows: In order to secure the payment of the indebtedness hereinafter referred to and the perfonnance of the obligations, covenants, agreements, warranties and undertakings of Trustor hereinafter described, Trustor hereby GRANTS, BARGAINS, SELLS, CONVEYS, TRANSFERS, ASSIGNS, MORTGAGES, WARRANTS AND SETS OVER to Trustee for the benefit of Beneficiary, its successors and assigns, and grauts to Beneficiary a security interest in, (he following described property, rights and interest (referred collectively herein as “Premises") all of which property, rights and interest are hereby granted and pledged primarily and on parity with the real estate (as defined below) and not secondarily:

THE REAL ESTATE located in the County of Los Angeles, State of California and legally described on Exhibit A attached hereto and made a part hereof (“Real Estate”); TOGETHER WITH all improvements of every nature whatsoever now or hereafter situated on the Real Estate, and all fixtures and personal property of every nature whatsoever now or hereafter owned by Trustor and located on, or used in connection with the Real Estate or the improvements thereon, or in connection with any construction thereon, including all extensions, additions, improvements, betterments, renewals, substitutions and replacements to any of the foregoing and all of the right, title and interest of Trustor in and to any such personal property or fixtures together with the benefit of any deposits or payments now or hereafter made on such personal property or fixtures by Tnistor or on its behalf (“Improvements”); TOGETHER WITH all easements, rights of way, gores of real estate, sheets, ways, alleys, passages, sewer lights, waters, water courses, water rights and powers, mineral rights, air c.

'QhHXMy ^YVo\\ A OocO <6 6958736

2

RECORDER MEMO: This COPY is NOT an OFFICIAL RECORD.

IN WITNESS WHEREOF, Tnistor has executed and delivered this DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING as of the Effective Date.

UNION & GRATTAN PROPERTIES, LLC, a California limited liability company I

By: Print: Chul Heay Shin Its: Manager

RECORDER MEMO: This COPY is NOT an OFFICIAL RECORD

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, 01 validity of that document. ____

STATE OF CALIFORNIA

)

COUNTY OF LOS ANGELES

)SS )

j a Notary Public, ,2016, before me, On August personally appeared Chul Ilenv Shin, who proved to me on the basis of satisfactory evidence to be the person(s) whose nanie(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signatures) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. M TOM G. CHO *■**[ WITNESS my hand and official seal. Commission #207031$ | Notary Public - California I I Los Angeles County My Comm.ExjilresjuM^ninj^ u (Seal) Signature

6958736

Recording Requested By and When Recorded Wait to:

FIDELITY NATIONAL TITLE COMPANY 11000 Olson Drive, Suite 101 Rancho Cordova, CA 95670

Trustee Sale No: 17-00040-2 Loan No: Olympic Office 1 APN Number: 5137-003-024

NOTICE OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST IMPORTANT NOTICE IF YOUR PROPERTY IS IN FORECLOSURE BECAUSE YOU ARE BEHIND IN YOUR PAYMENTS, IT MAY BE SOLD WITHOUT ANY COURT ACTION, and you

may have the legal right to bring your account in good standing by paying all of your past due payments plus permitted costs and expenses within the time permitted by law for reinstatement of your account, which is normally five business days prior to the date set for the sale of your property. No sale date may be set until approximately 90 days from die date this notice of default may be recorded (which date of recordation appears on this notice). This amount is $945,087.04 as of February 7, 2017, and will increase until your account becomes current. While your property is in foreclosure, you stiil must pay other obligations (such as insurance and taxes) required by your note and deed of trust or mortgage, if you fail to make future payments on the loan, pay taxes on the property, provide insurance on the property, or pay other obligations as required in the note and deed of trust or mortgage, the beneficiary or mortgagee may insist that you do so in order to reinstate your account in good standing, in addition, the beneficiary or mortgagee may require as a condition to reinstatement that you provide reliable written evidence that you paid all senior liens, property taxes, and hazard insurance premiums. Upon your written request, the beneficiary or mortgagee will give you a written itemization of the entire amount you must pay. You may not have to pay the entire unpaid portion of your account, even though full payment was demanded, but you must pay ail amounts in default at the time payment is made. However, you and your beneficiary or mortgagee may mutually agree In writing prior to the time the notice of sale is posted (which may not be earlier than three months after this notice of default is recorded) to, among other things, (1) provide additional time in which to cure the default by transfer of the property or otherwise; or (2) establish a schedule of payments in order to cure your default; or both (1) and (2).

Beneficiary hereby elects to conduct a unified foreclosure sale pursuant to the provisions of California Commercial Code Section 9604(a)(1)(B) and to include in the nonjudicial foreclosure of the estate described in this Notice of Default and Election to Sell Under Deed of Trust all of the personal property and fixtures described in the Deed of Trust and in any other instruments in favor of beneficiary. Beneficiary reserves the right to revoke its election as to some or all of said personal property and/or fixtures, or to add additional personal property and/or fixtures to the election herein expressed, at beneficiary's sole election, from time to time and at any time until the consummation of the trustee's sale to be conducted pursuant to the Deed of Trust and this Notice of Default and Election to Sell Under Deed of Trust, and that By reason thereof, the Beneficiary has declared and does hereby declare all sums secured thereby immediately due and payable and has elected and does hereby elect to cause the Trust Property to be sold to satisfy the obligations secured thereby. Date: February 9,2017 FIDELITY NATIONAL TITLE COMPANY, Trustee /

Jenny Ta;

, AtitfiorlWd Signor //

17-00040.2

EXHIBIT B ASSIGNED INSPECTOR: MEL KHACHATORIAN Date: May 26,2017 JOB ADDRESS: 1543 WEST OLYMPIC BLVD., LOS ANGELES, CA ASSESSORS PARCEL NO. (APN): 5137-003-024 Last Full Title: 04/19/2017

Last Update to Title:

LIST OF OWNERS AND INTERESTED PARTIES

1).

2).

3).

UNION & GRATTAN PROPERTIES LLC 1321 S BERENDO ST APT B LOS ANGELES, CA 90006-4487

CAPACITY: OWNER

MUCH SFIELIST PC 191 NORTH WACKER DR STE 1800 CHICAGO, IL 60606

CAPACITY: INTERESTED PARTIES

FIDELITY NATIONAL TITLE CO 11000 OLSON DR #101 RANCHO CORDOVA, CA 95670

CAPACITY: INTERESTED PARTIES

RealQuest.com ® - Report

EXHIBIT C

Property Detail Repo rf i « ♦ ''i Core

For Property Located At

1543 W OLYMPIC BLVD, LOS ANGELES, CA 90015-3807

Ci

Owner Information Owner Name: Mailing Address: Vesting Codes:

Bldg Card: 000 of 002

UNION & GRATTAN PROPERTIES LLC 1321 S BERENDO ST #B, LOS ANGELES CA 90006-4487 C013 II CO

Location Information Legal Description:

LOT COM AT MOST E COR OF LOT 17 BLK B MRS FITZGERALD'S TRACT TH SW ON NW LINE OF GRATTAN ST AND NW ON NE LINE OF OLYMPIC BLVD AND NE AND FOLLOWING UNION AVE TO NE LOTS 2,3,4 AND 5 TR NO 158 LOS ANGELES, CA APN: 5137-003-024

County: Census Tract / Block: Township-Range-Sect: Legal Book/Page: Legal Lot: Legal Block: Market Area: Neighbor Code:

Alternate APN: Subdivision: Map Reference: Tract#: School District: School District Name: Munic/Township:

2100.10/1 17 B C42

158 44-B3 / 158 LOS ANGELES

Owner Transfer Information Recording/Sale Date: Sale Price: Document#:

I

Deed Type: 1st Mtg Document#:

09/12/2016/08/25/2016 $25,000,000 FULL

1st Mtg Amount/Type: 1st Mtg Int. Rate/Type: 1st Mtg Document#: 2nd Mtg Amount/Type: 2nd Mtg Int. Rate/Type: Price Per SqFt: Multi/Split Sale:

Last Market Sale information Recording/Sale Date: Sale Price: Sale Type: Document #: Deed Type: Transfer Document #: New Construction: Title Company: Lender: Seller Name:

1092214 GRANT DEED

$18,055,000/

I 1092215 / /

$199.71

CHICAGO TITLE CO. 114709 OLYMPIC TOWN LLC

Prior Sale Information Prior Rec/Sale Date: Prior Sale Price: Prior Doc Number: Prior Deed Type:

05/01/2000 / $3,150,030

652893

Prior Lender: Prior 1st Mtg Amt/Type: Prior 1st Mtg Rate/Type:

MISCELLANEOUS FIN

$1,600,0001 com I ADJ

GRANT DEED

Property Characteristics Year Built/Eft: Gross Area: Building Area: Tot Adj Area: Above Grade: # of Stories: Other Improvements:

1964/ 125,180 125,180

Total Rooms/Offices Total Restrooms: Roof Type: Roof Material: Construction: Foundation: Exterior wall: Basement Area:

Garage Area: Garage Capacity: Parking Spaces: Heat Type: Air Cond: Pool: Quality: Condition:

POOL

Site Information Zoning: Lot Area: Land Use: Site Influence:

LAC2 48,829 OFFICE BUILDING

x 144

County Use: State Use: Water Type: Building Class:

OFFICE BLDG (1705)

Lot Width/Depth: Commercial Units: Sewer Type:

1.12

Assessed Year: Improved %: Tax Year:

2016 57% 2016

Property Tax: Tax Area: Tax Exemption:

$86,869.30 12706

Tax Information Total Value: Land Value: Improvement Value: Total Taxable Value:

$6,621,613 $2,856,382 $3,765,231 $6,621,613

http://proclassic.realquest.com/jsp/report.jsp?&client=&action=confirm&type=getreport&r... 5/23/2017

RealQuest.com ® - Report

Page 1 of 1

t

Comparable Summary For Property Located At

Core

1543 W OLYMPIC BLVD, LOS ANGELES, CA 90015-3807 10 Comparable(s) found. (Click on the address to view more property information) ► View Report

► Configure Display Fields

P Modify Comparable Search Criteria

Summary Statistics For Selected Properties: 10 Subject Property

Low

..... High......

Average

$25,000,000

$25,000,000

$115,597,500

Sale Price Bldg/Living Area

125,180

106,921

$583,000,000 142,235

Price/Sqft

$199.71

$199.71

$5,452.62

$1,004.17

1964

Year Built Lot Area Bedrooms Bathrooms/Restrooms Stories Total Value Distance From Subject

122,486

1925

1991

1968

48,829

10,447

258,091

54,030

0 0 0.00

0 0

0 0

0 0

9.00

14.00

11.67

$6,621,613

$6,621,613

$29,763,564

0.00

0.83

$84,883,109 19.97

7.73

*= user supplied for search only

0 * F

Address

Subject Property 1543 W OLYMPIC BLVD Comparables

Sale Price Yr Bit Bed Baths/Restrooms(Full) Last Recording Bld/Liv Lot Area Dist

$25,000,000 1964

09/12/2016

125,180 48,829

0.0

1543 W OLYMPIC BLVD

$25,000,000 1964

09/12/2016

125,180 48,829

0.0

Vi 2

807 W 7TH ST

$42,875,000 1926

04/26/2017

109,966 10,447

0.83

ivj 3

888 W 6TH ST

$54,100,000 1973

09/30/2016

111,277 16,260

0.87

4

234 W 1ST ST

$105,000,000 1972

09/27/2016

142,235 19,543

1.63

1000 CORPORATE CENTER DR

$81,000,000 1983

04/03/2017

119,883 258,091

6.39

6601 CENTER DRW $583,000,000 1991

11/16/2016

106,921

55,897

8.4

2411 W OLIVE AVE

$52,500,000 1990

01/20/2017

119,895 38,572

8.41

200 S LOS ROBLES AVE

$46,000,000 1988

02/17/2017

129,680 43,831

9.92

233 WILSHIRE BLVD $139,500,000 1976

09/28/2016

126,282 37,542 13.14

04/26/2017

133,545 11,283 19.97

IY| 1

H,

k. 5

a

6

kl 7 |Y 8

g a

10

.

110 PINE AVE

$27,000,000 1925

http://proclassic.realquest.com/jsp/report.jsp?&client=&action=confirm&type=getreport&r... 5/23/2017

Page 1 of 4

RealQuest.com ® - Report

Comparable Sales Report

<4 Core

For Property Located At

1543 W OLYMPIC BLVD, LOS ANGELES, CA 90015-3807 10 Comparable(s) Selected.

Report Date: 05/23/2017

Summary Statistics: Subject

Low

High

Average

$25,000,000

$25,000,000

$583,000,000

$115,597,500

Bldg/Living Area

125,180

106,921

142,235

122,486

Price/Sqft

$199.71

$199.71

$5,452.62

$1,004.17

Year Built

1964

1925

1991

1968

48,829

10,447

258,091

54,030

Bedrooms

0

0

0

0

Bathrooms/Restrooms

0

0

0

0

0.00

9.00

14.00

11.67

$6,621,613

$6,621,613

$84,883,109

$29,763,564

0.00

0.83

19.97

7.73

Sale Price

Lot Area

Stories Total Value Distance From Subject *= user supplied for search only

http://proclassic.realquest.com/jsp/report.jsp?type=getreport&client:=&action=confirm&re...

5/23/2017

Page 2 of 4

RealQuest.com ® - Report

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

Distance From Subject: 0.0 (miles)

1 1543 W OLYMPIC BLVD, LOS ANGELES, CA 90015-3807 UNION & GRATTAN PROPERTIES LLC OLYMPIC TOWN LLC 44-B3 / 5137-003-024 Map Reference: 2100.10 LOS ANGELES, CA Census Tract: LAC2 Zoning: 158 Prior Rec Date: 05/01/2000 09/12/2016 08/25/2016 Prior Sale Date: Prior Sale Price: $3,150,030 $25,000,000 Prior Sale Type: FULL 1092214 Acres: 1.12 48,829 $18,055,000 Lot Area: $6,621,613 OFFICE BUILDING

# of Stories: Park Area/Cap#:

Lot Area: # of Stories: Park Area/Cap#:

44-C3 / 2077.10 LAC2 06/19/2012 06/18/2012 $28,500,000 FULL 0.24 10,447 12.00

3 888 W 6TH ST, LOS ANGELES, CA 90017-2703 LIVINGSTONE LA LLC SOMERSET WEST PARTNERS LLC 44-C3 / Map Reference: 5144-007-401 2077.10 LOS ANGELES, CA Census Tract: ORDSSURV Zoning: LAC2 09/30/2016 Prior Rec Date: 10/01/2004 Prior Sale Date; 09/27/2004 09/27/2016 $54,100,000 Prior Sale Price: $25,300,000 Prior Sale Type: FULL 0.37 1200145 Acres: $31,000,000 Lot Area: 16,260 14.00 $29,790,708 # of Stories:

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document#: 1st Mtg Amt: Total Value: Land Use:

4 234 W 1ST ST, LOS ANGELES, CA 90012 ONNI TIMES SQUARE LP CA-LOS ANGELES TIMES SQUARE LL 5149-001-007 Map Reference: Census Tract: LOS ANGELES, CA TIMES SQUARE Zoning: Prior Rec Date: 09/27/2016 09/26/2016 Prior Sale Date: Prior Sale Price: $105,000,000 FULL Prior Sale Type: 1175048 Acres: $15,603,538 OFFICE BUILDING

POOL

Park Area/Cap#:

Lot Area: # of Stories: Park Area/Cap#:

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

109,966

1926/1933 CENTRAL CONCRETE

/

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1 st Mtg Amt: Total Value: Land Use:

$100,000,000

1964/

Distance From Subject: 0.83 (miles)

807 W 7TH ST, LOS ANGELES, CA 90017 EIGHT ELEVEN WEST SEVENTH STRE LA FINE ARTS BUILDING LLC 5144-008-008 Map Reference: LOS ANGELES, CA Census Tract: 1289 Zoning: 04/26/2017 Prior Rec Date: 04/26/2017 Prior Sale Date: $42,875,000 Prior Sale Price: FULL Prior Sale Type: 459589 Acres:

OFFICE BUILDING

125,180

/

2

$28,530,000 OFFICE BUILDING

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

Distance From Subject: 0.87 (miles)

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat;

111,277

1973/1973 CENTRAL TILE

/ 92

Distance From Subject: 1.63 (miles)

44-D3 / 2074.00 LAC2 04/30/2008 04/28/2008 $74,553,000 FULL 0.45 19,543

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

142,235

1972/1972

/

http://proclassic.realquest.com/jsp/report.jsp?type=getreport&client=&action=confirm&re...

5/23/2017

Page 3 of 4

RealQuest.com ® - Report

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document#: 1st Mtg Amt: Total Value: Land Use:

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

S

Distance From Subject: 6.39 (miles)

1000 CORPORATE CENTER DR, MONTEREY PARK, CA 91754-7600 OMNINET LACC LLC/OMNINET LACC TUCSON LLC LOS ANGELES CORP CENTER LLC 45-E2 / Building Area: 5237-022-018 Map Reference: LOS ANGELES, CA 4820.01 Total Rooms/Offices: Census Tract: MPOP* 42611 Zoning: Total Restrooms: 04/03/2017 Prior Rec Date: 08/02/2007 Yr Built/Eff: 03/31/2017 Air Cond: Prior Sale Date: 07/06/2007 Prior Sale Price: $125,000,000 Pool: $81,000,000 FULL FULL Prior Sale Type: Roof Mat: 5.92 361951 Acres: $58,725 $20,180,577 OFFICE BUILDING

Lot Area: # of Stories: Park Area/Cap#:

/

Distance From Subject: 8.4 (miles)

6601 CENTER DRW, LOS ANGELES, CA 90045-1582 BRE HH PROPERTY OWNER LLC HINES REIT WEST LA PORTFOLIO L 4104-001-033 Map Reference: 50-C5 / 2760.00 LOS ANGELES, CA Census Tract: 49299 Zoning: LAC2 Prior Rec Date: 01/16/2014 11/16/2016 11/10/2016 Prior Sale Date: 01/15/2014 $583,000,000 Prior Sale Price: $27,000,000 FULL FULL Prior Sale Type: 1434643 Acres: 1.28 55,897 $372,250,000 Lot Area: # of Stories: $27,959,435 OFFICE BUILDING Park Area/Cap#: /

7 2411 W OLIVE AVE, BURBANK, CA 91506-2629 BURBANK INCOME PARTNERS LLC BUENA VISTA PLAZA LP 24-C2 / 2444-002-033 Map Reference: 3117.00 LOS ANGELES, CA Census Tract: 03659 Zoning: 5245 01/20/2017 Prior Rec Date: 07/28/2005 01/18/2017 Prior Sale Date: 07/19/2005 $52,500,000 Prior Sale Price: $32,950,000 FULL Prior Sale Type: 82233 Acres: 0.89 38,572 $250,000,000 Lot Area: OFFICE BUILDING

# of Stories: Park Area/Cap#:

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

106,921

1991 /1992

Distance From Subject: 8.41 (miles)

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

119,895

1990/1990

/

Distance From Subject: 9.92 (miles)

8 200 S LOS ROBLES AVE, PASADENA, CA 91101-2479 JBJA HOLDINGS LLC BANNER LOS ROBLES CORP 27-A4 / 5734-010-086 Map Reference: Census Tract: 4636.01 LOS ANGELES, CA Zoning: PSCBIXBY 02/17/2017 Prior Rec Date: 11/18/2004 02/16/2017 Prior Sale Date: 11/18/2004 Prior Sale Price: $46,000,000 FULL Prior Sale Type: N 198477 Acres: 1.01 $23,000,000 Lot Area: 43,831 $40,750,678 OFFICE BUILDING

1983/1983

258,091

6

$31,769,368

119,883

# of Stories: Park Area/Cap#:

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

129,680

1988 /1988

/

http://proclassic.realquest.coni/jsp/report.jsp ?type=:getreport&client=&action=confirm&re...

5/23/2017

Page 4 of 4

RealQuest.com ® - Report

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

Comp #: Address: Owner Name: Seller Name: APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

9 233 WILSHIRE BLVD, SANTA MONICA, CA 90401-1205 DE PACIFIC 233 LLC CA-SEARISE OFFICE TOWER LP Map Reference: 4292-021-022 40-F6 / 7014.02 LOS ANGELES, CA Census Tract: Zoning: SMC3-R3A* SANTA MONICA 10/01/1996 09/28/2016 Prior Rec Date: 09/27/2016 Prior Sale Date: $139,500,000 Prior Sale Price: FULL Prior Sale Type: 1183464 Acres: 0.86 37,542 $146,000,000 Lot Area: $84,883,109 OFFICE BUILDING

# of Stories: Park Area/Cap#:

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

126,282

1976/1976

9.00 / 411

10

Distance From Subject: 19.97 (miles)

110 PINE AVE, LONG BEACH, CA 90802-4430 PINE STREET LONG BEACH LLC GRAND PACIFIC 7-28 LLC 7280-027-011 Map Reference: LOS ANGELES, CA Census Tract: LONG BEACH Zoning: 04/26/2017 Prior Rec Date: 04/20/2017 Prior Sale Date: Prior Sale Price: $27,000,000 FULL Prior Sale Type: 462789 Acres: $16,200,000 Lot Area: $11,546,618 # of Stories: OFFICE BUILDING

Distance From Subject: 13.14 (miles)

Park Area/Cap#:

75-C6 / 5760.01 LBPD30 11/13/2012 11/07/2012 $8,300,000 FULL 0.26

Building Area: Total Rooms/Offices: Total Restrooms: Yr Built/Eff: Air Cond: Pool: Roof Mat:

133,545

1925/1926

11,283 /

I

http://proclassic.realquest.com/jsp/report.jsp?type=getreport&client=&action=eonfirrn&re...

5/23/2017

EXHIBIT D ASSIGNED INSPECTOR: MEL KHACHATORIAN JOB ADDRESS: 1543 WEST OLYMPIC BLVD., LOS ANGELES, CA ASSESSORS PARCEL NO. (APN): 5137-003-024

Date: May 26,2017

CASE#: 745379 ORDER NO: A-4239679 EFFECTIVE DATE OF ORDER TO COMPLY: December 12,2016 COMPLIANCE EXPECTED DATE: January 11,2017 DATE COMPLIANCE OBTAINED: No Compliance to Date

LIST OF IDENTIFIED COPE VIOLATIONS (ORDER TO COMPLY) VIOLATIONS: SEE ATTACHED ORDER # A-4239679

T*

City of Los Angeles

BOARD OF

BUILDING AND SAFETY COMMISSIONERS

CALIFORNIA

201 NORTH FIGUEROA STREET LOS ANGELES, CA 00012

VANAMBATELOS PRESIDENT

4



'«K

E. FELICIA BRANNON

DEPARTMENT OF

BUILDING AND SAFETY

FRANK M. BUSH GENERAL MANAGER

VICE-PRESIDENT

JOSELYN GEAGA-ROSENTHAL GEORGE HOVAGUtMIAN

OSAMA YOUNAN, P.E. EXECUTIVE OFFICER

ERIC GARCETTI

JAVIER NUNEZ

MAYOR

SUBSTANDARD ORDER r.. i

UNION & GRATTAN PROP, LLC C/O HEESOK PARK 1321 S. BERENDO AVE. UNIT "B" LOS ANGELES, CA 90006 OWNER OF SITE ADDRESS:

CASE #: 745379 ORDER#: A-4239679 EFFECTIVE DATE: December 12, 2016 COMPLIANCE DATE: January 11,2017

1543 W OLYMPIC BLVD

ASSESSORS PARCEL NO.: 5137-003-024 ZONE: C2; Commercial Zone An inspection has revealed that the property (Site Address) listed above is in violation of the Los Angeles Municipal Code (L.A.M.C.) sections listed below. You are hereby ordered to correct the violation(s) and contact the inspector listed in the signature block at the end of this document for a compliance inspection by the compliance date listed above. The inspection has revealed that the property is in violation of the Los Angeles Municipal Code as follows: As a result of an inspection of the property (Site Address) listed above, this office has determined the building(s) to be SUBSTANDARD as pursuant to the provisions of Division 89 of Article 1 of Chapter IX of the Los Angeles Municipal Code (L.A.M.C.), You are therefore ordered to secure all required permits and begin the necessary work to eliminate the following code violations within 30 days from the effective date of this order. All necessary work shall be completed within 90 days from the effective date of this order. If the necessary permits are not obtained or the required work is not physically commenced within 45 days from the effective date of this order, the Department of Building and Safety may order the owner to cause the building(s) to be vacated. VIOLATION (S): 1. The 5-story commercial building has interior and exterior damage due to a fire. You are therefore ordered to:

Obtain required permits and call for inspection prior to concealing any repairs.

Code Section(s) in Violation:

91.106.1.1, 91.103.1, 12.21A.l.(a), 91.8902,14 ofthe L.A.M.C

NOTE: A certificate has been filed with the County Recorder noting the above substandard condition.

As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services and activities.

oeFARmBH’

»uni*s«s and sum

CODE ENFORCEMENT BUREAU For routine City business and non-emergency services: Call 3-1-1 www.ladbs.org

Page 1 of 2

NON-COMPLIANCE FEE WARNING: i\

h,i

YOU ARE IN VIOLATION OF THE L .A.M.C. IT IS YOUR RESPONSIBILITY TO CORRECT THE VIOLATION (S) AND CONTACT THE INSPECTOR LISTED BELOW TO ARRANGE FOR A COMPLIANCE INSPECTION BEFORE THE NON-COMPLIANCE FEE IS IMPOSED. Failure to correct the violations and arrange for the compliance inspection within 15 day from the Compliance Date, will result in imposition of the fee noted below. A proposed noncompliance fee in the amount of $660.00 may be imposed for failure to comply with the order within 15 days after the compliance date specified in the order or unless an appeal or request for slight modification is filed within 15 days of the compliance date. If an appeal or request for slight modification is not filed within 15 days of the compliance date or extensions granted therefrom, the determination of the department to impose and collect a non-compliance fee shall be final. Section 98.0411 L.A.M.C.

L

fc

NOTE:

FAILURE TO PAY THE NON -COMPLIANCE FEE WITHIN 30 DAYS AFTER THE DATE OF MAILING THE INVOICE, MAY RESULT IN A LATE CHARGE OF TWO (2) TIMES THE NON-COMPLIANCE FEE PLUS A 50 PERCENT COLLECTION FEE FOR A TOTAL OF $2,310.00.

Any person who fails to pay the non-compliance fee, late charge and collection fee shall also pay interest. Interest shall be calculated at the rate of one percent per month.

PENALTY WARNING : Any person who violates or causes or permits another person to violate any provision of the Los Angeles Municipal Code (L.A.M.C.) is guilty of a misdemeanor which is punishable by a fine of not more than $1000.00 and/or six (6) months imprisonment for each violation. Section 11.00 (m) L.A.M.C.

INVESTIGATION FEE REQUIRED: Whenever any work has been commenced without authorization by a permit or application for inspection, and which violates provisions of Articles 1 through 8 of Chapter IX of the Los Angeles Municipal Code (L.A.M.C.), and if no order has been issued by the department or a court of law requiring said work to proceed, a special investigation fee which shall be double the amount charged for an application for inspection, license or permit fee, but not less than $400.00 , shall be collected on each permit, license or application for inspection. Section 98.0402 (a) L.A.M.C.

APPEAL PROCEDURES: There is an appeal procedure established in this city whereby the Department of Building and Safety and the Board of Building and Safety Commissioners have the authority to hear and determine err or abuse of discretion, or requests for slight modification of the requirements contained in this order when appropriate fees have been paid. Section 98.0403.1 and 98.0403.2 L.A.M.C.

NOTICE: Relocation assistance may be required if a tenant is evicted in order to comply with an order from a governmental agency. (LAMC 151.09.A.11 & 163.00 to 163.07) For information, call the Los Angeles Housing + Community Investment Department (HCIDLA) at (866) 557-RENT (7368) or go to: http://hcidla.lacity.org , If you have any questions or require any additional information please feel free to contact me at (213)252-3938. lay through Thursday. Office hours are 7:00 a/n. to 3:30 p,

Date:

Inspector : MEL KHACHATOURIAN 221 N. FIGUEROA ST. SUITE 1100 LOS ANGELES, CA 90012 (213)252-3938

December 03. 2016

7" The undersigned mailed this notice by regular mail, postage prepaid to the addressee on this day, '

DEC 05 2016

[email protected]

REVIEWED BY

To the address as shown on the last equalized assessment roil. Initialed by PC

As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services and activities.

ELAADBS DSPAR1MCNT OFBUUPtNC AND SAFETY

CODE ENFORCEMENT BUREAU For routine City business and non-emergency services: Call 3-1-1 www.ladbs.org

Page 2 of2