It’s a rare property…

The property has sweeping views both of downtown and of Laurel Canyon. The property is right off Laurel Canyon Boulevard, across from the famous Canyon Country Store.

…in a community setting…

The property is zoned Residential, RE40 and is a prime location, right in Laurel Canyon.

…with plenty of land options.

Khatri International is an engineering firm in California working on projects locally and around the world. They have come up with two land use suggestions for interested property owners. View detailed documents for land use options. But, if you are the new owner, you can pick one of these options or choose to do something else with the property. Your options are endless!

Comparable Value Estimation

Comparable Values based on existing listings and recent sales:

Item   Subject Property   Comparable 1 Property Address   Laurel Canyon Blvd Los Angeles, CA 90046   2425 Mount Olympus Los Angeles, CA 90046 APN   5567-029-032   5565-020-034 Proximity to Subject   N/A   0.4 Miles NE Gross Lot Size - Acres   11.9   6.07 Sales/List Price     $25,000,000 Close Date     Active Location   Good   Good Site Usable - s.f.   425,000   200,000 $19,125,000 Price Per Usable s.f.     $125 View   Hills/Roof/City Lights   Hills/Roof/City Lights Gross Lot Size - s.f.   520,542   264,409 $256,113 Price Per Gross s.f.     $95 Other     Existing Structure $(6,000,000) Net Adjustments     $13,381,133 Indicated Value to Subject - Total Price     $38,381,133 Indicated Value to Subject - Price per acre     $3,225,305

Item   Subject Property   Comparable 2 Property Address   Laurel Canyon Blvd Los Angeles, CA 90046   8787 Lookout Mountain Avenue Los Angeles, CA 90046 APN   5567-029-032   Proximity to Subject   N/A   0.27 Miles NW Gross Lot Size - Acres   11.9   2.56 Sales/List Price     $2,450,000 Close Date     Active Location   Good   Good Site Usable - s.f.   425,000   55,757 $31,385,698 Price Per Usable s.f.     $44 View   Hills/Roof/City Lights   Hills/Roof/City Lights Gross Lot Size - s.f.   520,542   111,513 $409,029 Price Per Gross s.f.     $22 Other     Power Lines $1,000,000 Net Adjustments     $32,794,727 Indicated Value to Subject - Total Price     $35,244,727 Indicated Value to Subject - Price per acre     $2,961,742

Item   Subject Property   Comparable 3 Property Address   Laurel Canyon Blvd Los Angeles, CA 90046   780 Tortuoso Way Los Angeles CA, 90077 APN   5567-029-032   Proximity to Subject   N/A   4.46 Miles SW Gross Lot Size - Acres   11.9   10.52 Sales/List Price     $59,500,000 Close Date     Active Location   Good   Very Good/Gated $(21,000,000) Site Usable - s.f.   425,000   458,251 $(2,826,335) Price Per Usable s.f.     $130 View   Hills/Roof/City Lights   Hills/Roof/City Lights Gross Lot Size - s.f.   520,542   458,251 $62,291 Price Per Gross s.f.     $130 Other     Net Adjustments     $(23,764,044) Indicated Value to Subject - Total Price     $35,735,956 Indicated Value to Subject - Price per acre     $3,003,022

Item   Subject Property   Comparable 4 Property Address   Laurel Canyon Blvd Los Angeles, CA 90046   Los Angeles, CA 90068 APN   5567-029-032   5577-016-002 Proximity to Subject   N/A   2.01 Miles NE Gross Lot Size - Acres   11.9   4.26 Sales/List Price     $10,497,950 Close Date     Active Location   Good   Poor-overlooks 101 $1,000,000 Site Usable - s.f.   425,000   148,452 $23,506,580 Price Per Usable s.f.     $71 View   Hills/Roof/City Lights   Hills/Roof/City Lights Gross Lot Size - s.f.   520,542   185,565 $334,977 Price Per Gross s.f.     $57 Other     Net Adjustments     $24,841,557 Indicated Value to Subject - Total Price     $35,339,507 Indicated Value to Subject - Price per acre     $2,969,706

Item   Subject Property   Comparable 5 Property Address   Laurel Canyon Blvd Los Angeles, CA 90046   1777 Summit Ridge DR Beverly Hills, CA 90210 APN   5567-029-032   Proximity to Subject   N/A   1.75 Miles SW Gross Lot Size - Acres   11.9   3.87 Sales/List Price     $5,750,000 Close Date     12/12/2007 Location   Good   Good Site Usable - s.f.   425,000   134,861 $24,661,815 Price Per Usable s.f.     $43 View   Hills/Roof/City Lights   Canyon/City Lights/Ocean $(1,000,000) Gross Lot Size - s.f.   520,542   168,577 $351,965 Price Per Gross s.f.     $34 Other     Net Adjustments     $24,013,780 Indicated Value to Subject - Total Price     $29,763,780 Indicated Value to Subject - Price per acre     $2,501,158

Item   Subject Property   Comparable 6 Property Address   Laurel Canyon Blvd Los Angeles, CA 90046   1040 ANGELO DR Los Angeles CA, 90210 APN   5567-029-032   4358-011-008 Proximity to Subject   N/A   3.57 Miles SW Gross Lot Size - Acres   11.9   7.76 Sales/List Price     $27,030,000 Close Date     02/03/2006 Location   Good   Very Good $(6,000,000) Site Usable - s.f.   425,000   270,261 $13,152,815 Price Per Usable s.f.     $100 View   Hills/Roof/City Lights   Hills $1,000,000 Gross Lot Size - s.f.   520,542   337,826 $182,716 Price Per Gross s.f.     $80 Other     Net Adjustments     $8,335,531 Indicated Value to Subject - Total Price     $35,365,531 Indicated Value to Subject - Price per acre     $2,971,893

Calculation Factors:

• $85 per s.f. adjustment for usable (this is the avg price per Usable s.f. for these 6 comparables)
•   $1 per s.f. adjustment for gross
•   $1 million for each location and gated

General adjustment factors:

• Adjustments to usable s.f. were made using the avg s.f. list and sale price of usable s.f. for these 6 comparables specifically
• All properties were vacant land with the exception of #1 which had single residence
• Comparables #1 and #2 fall within the generally accepted 1 mile comparable radius and therefore are most indicative of value for subject
• All comparable are within at least a 5 mile radius

Comparable specific adjustments factors:

• Comp #1 - The existing structure was adjusted at $1,000 per s.f. which incorporates both construction costs and entire on-site improvement costs
• Comp #2 - Inferior views with overhead power lines and exceedingly steep slopes
• Comp #3 - Superior location and topography in Beverly Hills adjusted $21M
• Comp #4 - Inferior views overlooking busy Hwy 101 in Hollywood Hills East
• Comp #5 - Superior ocean views (note…distressed seller discounted sale was not adjusted for)
• Comp #6 - Superior location - located in most desirable area of Beverly Hills with surrounding large estates

The author and its affiliates represent that the information provided is true, correct, and accurate to the best of their ability. Any information that is discussed such as prices and projections, are merely estimates. Due to the unique nature of subject property and the limited availability of comparable properties, each person shall be independently responsible for determining the value themselves. The author and its affiliates do not assume any liability either expressed or implied for such numbers, estimates or projections.