BOARD OF City of Los Angeles 201 NORTH FIGUEROA STREET LOS ANGELES, CA...

City of Los AngelesBOARD OFBUILDING AND SAFETY

COMMISSIONERSDEPARTMENT OF

BUILDING AND SAFETY201 NORTH FIGUEROA STREET

LOS ANGELES, CA 90012

CALIFORNIA

VAN AMBATIELOSPRESIDENT

E. FELICIA BRANNONVICE PRESIDENT

RAYMOND S. CHAN, C.E., S.E.GENERAL MANAGER

ERIC GARCETTI MAYOR FRANK BUSH

EXECUTIVE OFFICERJOSELYN GEAGA-ROSENTHAL

GEORGE HOVAGUIMIAN JAVIER NUNEZ

Council District: # 14July 24, 2015

Honorable Council of the City of Los Angeles Room 395, City Hall

JOB ADDRESS: 501 SOUTH BROADWAY, LOS ANGELES, CA(AKA: 312 WEST 5th STREET, LOS ANGELES, CA)

ASSESSORS PARCEL NO. (APN): 5149-033-016

On August 01, 2013, pursuant to the authority granted by Section 91.103 of the Los Angeles Municipal Code, the Department of Building and Safety (the “Department”) investigated and identified code violations at: 501 South Broadway, (aka: 312 West 5th Street), 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.

Following the Department’s investigation an order or orders to comply were issued to the property owner and all interested parties. Pursuant to Section 98.0411(a) the order warned that “a proposed noncompliance fee 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 slight modification is filed within 15 days after the compliance date.” The owners failed to comply within the time prescribed by ordinance. The Department imposed non-compliance fee as follows:

DescriptionNon-Compliance Code Enforcement fee Late Charge/Collection fee (250%) Accumulated Interest (1 %/month)Title Report fee

Amount$ 550,00

1,375.00 265.17

42,00$ 2.232.17Grand Total

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 $2,232.17 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 $2,232.17 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

Chief, Resource Management BureauATTEST: HOLLY WOLCOTT, CITY CLERK

Lien confirmed by City Council on:

BY:DEPUTY

EXHIBIT A

•*> s

~ Soil ??t i-:! r > ? \ iitive Rea' OitaTf ■j » >

5711 W. SLAUSONAVE., SUITE 170 CULVER CITY, CA 90230

Phone 310-649-2020 310-649-0030 Fax

Property Title ReportPreparedfor: City of Los AngelesWork Order No. T11336

Dated as of: 05/09/2015SCHEDULE A

(Reported Property Information)

#: 5149-033-106

City: Los Angeles County: Los AngelesProperty A ddress: 501 S BROAD WA Y

VESTING INFORMA TION Type of Document: Grant Deed Grantee: 5th st Loft LLC Grantor: Harpro LLC Deed Date: 11/8/2004 lnstr No. : 04 2948493

Mailing Address: 5th St Loft LLC,600 SSPG S WFFICE LOS ANGELES CA 90014

Mailing Address: 5th St Loft LLC,4371 WinnetkaAve Woodland Hills, CA 91364

Recorded: 11/15/2004

SCHEDULE BLEGAL DESCRIPTIONThe following described property: Situated in the City and County of Los Angeles, State of California:

Parcel 1: Part of Lot Five (5) in Block Fourteen (14) ofOrd's survey, as per map of said survey recorded in Book 53, Page 66 EtSeq., miscellaneous records of said County, more particularly described Parcel 2: Those portions of Lot 4 and 5 in Block 14 of Ord's survey, in the City of Los Angeles, County of Los Angeles, State of California, as per map recorded in Book 53 Pages 66, Et Seq., of Miscellaneous records, in the office of the County recorder ofsaid County, described(A) That portion of lot 5 in block 14 of ord's survey, in said city, county and state, as per map recorded in book 53, pages 66 et seq., of miscellaneous records of said county(B) That portion of lot 5 in block 14 of ord's survey, in said city, county and state, as per map recorded in book 53, page 66, et seq., of miscellaneous records off said county(C) that portion of lot 4 in block 14 oford's survey, in said city, county and state, as per map recorded in book 53 pages 66, et seq., of miscellaneous records of said county

Assessor's Parcel No: 5149-033-106

INTUITIVE REAL ESTA TE SOL UTIONS 5711 W. SLAUSONAVE., SUITE 170

CULVER CITY, CA 90230 Phone 310-649-2020 310-649-0030 Fax

Work Order No. T11336SCHEDULE B (Continued)

MORTGA GES/LIENSType ofDocument: A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby Amount: $5,000,000.00 Dated: 2/27/2009 Trustor : 5th st Loft LLC, a California limited liability company Trustee : Stewart Title of California, Inc.Beneficiary: Preferred Bank Recorded: 3/4/2009 InstrNo. -.20090303209

Mailing Addres : Preferred Bank, 601 South Figueroa Street, 29th Floor, Los Angeles, California 90017

Mailing Address : Stewart Title of California, Inc., 525 N. Brand Blvd., Glendale, CA 91203

An agreement to modify the terms and provisions of said security instrument as therein providedInstrNo. : 20111642598Recorded: 12/6/2011

Mailing Address: Preferred Bank, 1801 Century Park East, Suite 100 Los Angeles, CA 90067

An agreement to modify the terms and provisions of said security instrument as therein provided Recorded: 6/22/2012 InstrNo. : 20120932087

Mailing Address: Preferred Bank, 1801 Century Park East, Suite 100 Los Angeles, CA 90067

2 | P a g e

11/15/M—STEWART TITLE«

, o'RECORDING REQUESTED BY

04 2948493when recorded mail to AND MAIL TAX STATEMENTS TO

MAM£ 5th St Loft LLC

ADDRESS 4371 Wlnnetka Ave Woodland Hills

CITYSTATES ZIP CA 91384

GRANT DEED- o 3 $-6/ oAPN NOTITLE ORDER NO ESCROW NO

THE UNDERSIGNED GRANTOR(s) DECLARE(s)DOCUMENTARY TRANSFER TAX IS $ Otgvarantar and guaraffiga are the same entity) CITY TAX $ 0

/

d computed or lull value ol property conveyed, or computed on lull value les3 value of liens or encumbrances remaining al time of sale. □ Unincorporated area 12 City of Los Angeles _,and

FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,HARPRO LLC

hereby GRANT(s) to 5th st Loft LLC

<■the following described real property in the County of State of California

SEE EXHIBIT A Uc

U^j-----i^tII- iz ofDated.

STATE OF CALIFORNI COUNTY OF LOJ

}‘j&rlQt&S- }SS

te insert name and 1RaruTshy

personally known tc/nthe within Instrument and acknowledged to me that he/shofthey executed the same in his/heWtheir authorized capaaty(ies), and lhat by his/her/lheir signature(s) on the instrument the person(s). or the entity upon behalf of which tha parson(s) acted.executed the instrument

VfeJcL. NCrfoi-v^ PtlLI^before meON(he title of tha officer), personally appeared

me {or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to

WITNESS my hand and official seal

SianaturaC^^X/Vy^ ' ""

MtDIANE WaCH

Commission # 1403999 t Notary PuUc • CaBomk)

Lot Angeles County My Comm Expires Mar6,2007

Created By: Rajesh.Muniraj Printed: 5/11/2015 8:20:41 AM 1STPage 2 of 5Order: 19604807 Doc: CALOSA:2004 02948493

% ’ *

REi o:

J. David Larsen, Esq.McKenna Long & Aldridge LLP 444 South Flower St, 8th Floor Los Angeles, CA 90071-2901

APN: (Space above line for Recorder’s use only)

DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING

5™ ST LOFT LLC,a California limited liability company (Trustor)

to

STEWART TITLE OF CALIFORNIA, INC.

(Trustee)

for the benefit of

PREFERRED BANK

(Lender)

LOCATION OF PROPERTY:

Street Address: 312 W. 5th Street, Los Angeles, CA ___ _________ County: Los Angeles_____________

Tins DOCUMENT SECURES A PROMISSORY NOTE WHICH MAY CONTAIN PROVISIONS FOR ADJUSTMENTS IN THE INTEREST RATE AND PAYMENT

AMOUNTS AND/OR A BALLOON PAYMENT

LA 17346338_5

Order: 19604807 Doc: CALOSA:2009 00303209 Page 3 of 29 Created By: Rajesh.Muniraj Printed: 5/11/2015 8:26:16 AM 1ST

4DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY

AGREEMENT AND FIXTURE FILING

This DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (hereafter referred to as "Deed of Trust") made February 27, 2009 by and among 5™ ST LOFT LLC, a California limited liability company, whose address is 312 W. 5th Street, Unit Office, Los Angeles, CA 90013, Attention: Mr. Barry Shy ("Trustor"), STEWART TITLE OF CALIFORNIA, INC., whose address is 525 N. Brand Blvd., Glendale, CA 91203 (“Trustee”), and the owner and holder of the Note (as defined below), PREFERRED BANK, whose address is 601 South Figueroa Street, 29th Floor, Los Angeles, California 90017, Attention: John E. Nixon ("Lender").

WITNESSETH:iTo secure payment and performance of obligations under that certain Line of Credit Loan

Agreement (the "Loan Agreement") dated of even date herewith made by Trustor and Lender, that certain Promissory Note (the “Note”) dated of even date herewith, in the maximum principal amount of $5,000,000.00, made by Trustor in favor of Lender, this Deed of Trust, any present or future letters of credit issued by Lender for the account of Trustor and the other Loan Documents (as defined in the Loan Agreement), and any renewals, extensions, novations, or modifications of the foregoing (collectively, the "Obligations"), and in consideration of these premises and for other consideration, Trustor does grant and convey unto Trustee, as trustee for Lender and Lender’s successors and assigns, in trust, WITH POWER OF SALE, all of Trustor's right, title and interest now owned or hereafter acquired in and to each of the following (collectively, the "Property"): (i) all those certain tracts of land in the City of Los Angeles, County of Los Angeles, State of California described in Exhibit A attached hereto and made part hereof (the "Land"); (ii) all buildings and improvements now or hereafter erected on the Land; (iii) all fixtures, furniture, equipment, machinery, books and records, and other personal property attached to the Land or any buildings or improvements situated thereon; and (iv) all estates, leases, rights, tenements, hereditaments, privileges, rents, issues, profits, lease termination payments, tenant security deposits, easements, and appurtenances of any kind benefiting the Land; all means of access to and from the Land, whether public or private; and all water and mineral rights. Nothing herein obligates Lender to provide credit in excess of the Obligations.

TO HAVE AND TO HOLD the Property and all the estate, right, title and interest, in law and in equity, of Trustor in and to the Property unto Trustee, its successors and assigns, for the benefit of Lender and Lender’s successors and assigns, forever.

PROVIDED, HOWEVER, that if all Obligations are limely paid and performed, this Deed of Trust and the estate hereby created shall cease and be null, void, and canceled of record at the request and expense of Trustor, and if an Event of Default (as hereinafter defined) occurs, Trustee is authorized to foreclose and sell the Property under power of sale or by judicial proceeding according to applicable law and as provided herein.

A.

B.

C.

Trustor WARRANTS AND REPRESENTS that Trustor has fee simple title to the land, is lawfully seized and possessed of the Property, that Trustor has the legal right to assign andD.

Page 2

LA 17346338 5

Order: 19604807 Doc: CALOSA:2009 00303209 Created By: Rajesh.Muniraj Printed: 5/11/2015 8:26:16 AM 1STPage 4 of 29

k?IN WITNESS WHEREOF, Trustor has signed and delivered this instrument as of the day

and year first above written.

TRUSTOR:

5™ ST LOFT LLC, a California limited liability company

By:Barry Shy,lManag<

I

By; —/XMoti Shai, Independent Trustee and Trustee of the BR Shy Irrevocable Trust u/d/t dated December 1,1997 memorialized by a document dated January 2,1998

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LA 17346338 5


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dState of CAU^Hhit A )

County of AfS rC&t)

On £, ^■ooj before me,. Mh&LA'iArtt. Nof/tltf fli6U^ _(insert name andtitle of the officer), personally appeared CffY4*b KtnTi <f(A)_______, who provedto 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 bis/her/their authorized capacity(ies), and that byitrs/ber/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 hantjjnd official seal.

Signature l*

1MM&AYANG

(Seal)I ttctiry -CtttfomU I

la* C*unty *ai.ffmwryrwil

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i

Page 2

LA 17346338 5

Created By: Rajesh.Muniraj Printed: 5/11/2015 8:26:16 AM 1STOrder: 19604807 Doc: CALOSA:2009 00303209 Page 27 of 29

rp6?

RECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO:

PREFERRED BANK1801 Century Park East, Suite 100Los Angeles, CA 90067Attention; Sara Mendez, Vice President

Assessor’s Parcel Nos.

SPACE ABOVE FOR RECORDER’S USE ONLY

nvmytfsDSyoiyMEMORANDUM OF EXTENSION AGREEMENT AND MODIFICATION OF

VANCELOAN DOCUMENTS AND NOTICE OF ADDITION

THIS MEMORANDUM OF EXTENSION AGREEMENT AND MODIFICATION OF LOAN DOCUMENTS AND NOTICE ADDITIONAL ADVANCE (“Memorandum”) is entered into as of the ^ day oTSepte'mber, 2011, by and among 5th ST LOFT LLC, a California limited liability company (“Borrower”), BARRY SHY, an individual (“Shy”), and Moti Shai, as Independent Trustee and Trustee of the BR Shy Irrevocable Trust u/d/t dated December 1, 1997, memorialized by a document dated January 2, 1998 (“Shy Trust” and together with Shy, at times hereinafter, individually and collectively, “Guarantor”), on the one hand, and PREFERRED BANK, a California banking corporation (“Lender”), on the other hand. On or about February 27, 2009, Lender extended a revolving line of credit (the “Loan”) to Borrower, pursuant to that certain Line of Credit Loan Agreement dated February 27, 2009, executed by Borrower and Lender (the “Loan Agreement”). In connection therewith, Borrower executed that certain Promissory Note dated February 27, 2009, in the original maximum principal amount of $5,000,000.00 (the “Note”), in favor of Lender, which Note is secured by a lien on that certain real property (the “Property”), more particularly described in Exhibit “A” attached hereto and incorporated herein by this reference, pursuant to that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated February 27, 2009, executed by Borrower in favor of Lender and recorded on March 4, 2009, as Document No. 2009-0303209 of the Official Records of Los Angeles County, California (the “Deed of Trust”). Lender, Borrower and Guarantor have entered into that certain Extension Agreement and Modification of Loan Documents and Notice of Additional Advance dated as of even date herewith (the “Agreement”).

l

This memorandum is intended to make a matter of public record the execution of the Agreement by Lender, Borrower and Guarantor, which Agreement provides for, among other things, (i) an extension of the Maturity Date of the Loan to March 5, 2012, with an additional option to extend the Loan to March 5, 2013, and an additional option to further extend the Loan to March 5, 2014, subject to certain terms and conditions set forth in the Agreement, (ii) an additional advance under the Note in the maximum principal amount of $2,500,000.00, such that the total aggregate principal amount of the

1891349.1

Created By: Rajesh.Muniraj Printed: 5/11/2015 8:26:17 AM 1STOrder: 19604807 Doc: CALOSA:2011 01642598 Page 2 of 7

20111642598

Loan and the principal face amount of the Note shall be increased from $5,000,000.00 to ' $7,500,000.00, and (in) certain other modifications and/or amendments to the terms and

conditions of the Loan Agreement, Note, and Deed of Trust, among other documents, as more particularly set forth in the Agreement. Reference is made to the Agreement.for the full particulars thereof.

This Memorandum may be executed and delivered in two or more coimteiparts, each of which, when so executed and delivered, shall be an original, and such counterparts together shall constitute but one and the same instrument and agreement, and this Memorandum shall not be binding on any party until all parties have executed it.

3i

[SIGNATURE PAGE FOLLOWS]

i

2891349.1


4IN WITNESS WHEREOF, this Memorandum is executed by Lender, Borrower

and Guarantor as of the day and year first above written.

BORROWER:

5 H ST LOFT LLC, a California limited liability company

By:XMName:

Its:

GUARANTOR:

BARRY SHY, an individualPlease see attached

CA Notarial Certificate for Notarization.Moti Shai, as Independent Trustee and

Trustee of the BR Shy Irrevocable Trust u/d/t dated December 1,1997, memorialized by a document dated January 2,1998

LENDER:

PREFERRED BANK, a California banking corporation

By:Nafne;Its:

[ALL SIGNATURES MUST BE ACKNOWLEDGED]

891349.1 3

Order: 19604807 Doc: CALOSA:20U 01642598 Page 4 of 7 Created By: Rajesh.Muniraj Printed: 5/11/2015 8:26:17 AM 1ST

$

)STATE OF CALIFORNIA

fa\&£UES) ss)COUNTY OF

On 1 1 ,beforeme.Mllhft^ «----- raNotaryPublic, personally appeared M0TX- . - ■ , who proved to me onthe basis of satisfactory evidence to be the person^ whose namely is/ah^subscribed the within instrument, and acknowledged to me that he/shVtheyêxecuted the same in his/lihf/tlibir authorized capacity(hs^), and that by his/h^(/theKsignature(ôn the instrument the person^pr the entity upon behalf of which the person(Sâcted, executed the instrument.

.to

1 certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is trup-and correct.

WITNESS mVhand arfcfofficial seal. r MUtHIAHNACHWPPAN j COMM. #1827742 n

*33 NOTARY PUBUC-CAUFORNWw W7/ LOS ANGELES county z ijy My Commission Empires ■*^________ January 8, JOI3

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STATE OF CALIFORNIA )) ss

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I originOn , before me Notary'

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WITNESS and official seal.r MUTHIAH NACHIAFPAN I

COMM. » 1827742 NOTAHY PUBLIC* CALIFORNIA^#

LOS ANGELES COUNTY Z My Commission Expir«$

January 9. 2013 f

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4891349.1


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>STATE OF CALIFORNIA

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, a Notary, who proved to me on I


WITNESS my hand and official seal. *ELEANE PANG '

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Notary Public jxftjbgy toe Angstn County £ mrZZrn Comi"- j»n 25. 20141

STATE OF CALIFORNIA )) ss

COUNTY OF )

On before me, ________, a Notaryj, who 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.

Public, personally appeared


WITNESS my hand and official seal.

Notary Public

891349.1 5


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IRECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO:

*20120932087*

PREFERRED BANK ISO! Century Park East, Suite 100 Los Angeles. CA 90067 Attention: Sara Mendez. Vice Presidenti

Assessor’s Parcel Nos.\A*

SPACE ABOVE FOR RECORDER'S .USE ONLY

MEMORANDUM Of EXTENSION AGREEMENT AND MODIFICATION OF LOAN DOCUMENTS AND NOTICE OF ADDITIONAL ADVANCE

l THIS MEMORANDUM OF EXTENSION AGREEMENT AND MODIFICATION OF LOAN DOCUMENTS AND NOTICE OF ADDITIONAL ADVANCE (“Memorandum") is entered into as of the '2?rity day of March,. 2012, by and among 5f" ST LOFT LLC, a California limited liability company (“Borrower’), BARRY SHY, an individual (“Shy’), and Moti Shai, as Independent Trustee and Trustee of the BR Shy Irrevocable Trust u/d/t dated December 1, 1997, memorialized by a document dated January 2,1998 (“Shy Trust” and together with Shy, at times hereinafter, individually and collectively, “Guarantor”), on the one hand, and'PREFERRED BANK, a California banking corporation (“Lender”), on the other hand. On or about February 27, 2009, Lender extended a revolving line of credit (the “Loan”) to Borrower, pursuant to that certain Line of Credit Loan Agreement dated February 27, 2009. executed by Borrower and Lender (the 'Loan Agreement”). In connection therewith, Borrower executed that certain Promissory Note dated February 27,2009, in the original maximum principal amount of $5,000,000,00 (the “Note”), in favor of Lender, which Note is secured by a lien on that certaia real property (the “Property”), more particularly described in Exhibit “A” attached hereto and incorporated herein by this reference, pursuant to that certain Deed of Trust, Assignment of Leases and Rents. Security Agreement and Fixture Filing dated February' 27,.2009, executed by Borrower in favor of Lender and recorded on March 4, 2009, as Document No: 2009-0303209 of the Official Records of Los Angeles County, California (the “Deed qfTrust”). Lender, Borrower and Guarantor have entered into that certain Extension Agreement and Modification of Loan Documents and Notice of Additional Advance dated as of even date herewith (the Agreement”).ss

This memorandum is intended to make a matter of public record the execution of the Agreement by Lender, Borrower and Guarantor, which Agreement provides for an extension of the Maturity Date of the Loan to March 5, .2013, as more particularly set forth in the Agreement. Reference is made to the Agreement for the full particulars (hereof. _______________________ ,

RECORDER'S MEMOLEOBLE COPY ATTACHED HERETO

9»!l426.1 I

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20120932087

IN WITNESS WHEREOF, this Memorandum is executed by Lender, Borrower and Guarantor as of the day and year first above written.

BORROWER:

3th ST LOFT LLC, a Cali fomia limited liability company

Name:Us: WVyegykj

GUARANTOR:

By:-sly

BARRY SLfY an individual

AMoti Shaij as Independent Trustee and.Trustee of the BR Shy Irrevocable Trust u/d/t dated December l, 1997, memorialized by a document dated January 2,1998

LENDER:

PREFERRED BANK, a Cali fomia flanking corporation

By:Namybs: *Jk

(ALL SIGNATURES MUST BE ACKNOWLEDGED]

«m«u 3

Order: 19604807 Doc: CALO5A:2012 00932087 Created By: Rajesh.Muniraj Printed: 5/11/2015 8:26:17 AM 1STPage 4 of 13

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STATE OF CALIFORNIA) ss

COUNTY

Qnlltti APffJL. £nr.ft- , before me, RoOr^V Public, personally appeared PA ft A-V

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D. SaumaaI , a Notary, who proved to me on

the basis ofsati.sfectory evidence to be the person^whose name(^J is/we subscribed to the within instrument, and acknowledged to me that he/sheAhey executed the same in hjs/hertthdr authorized capacity#©*}, and thafby liis/hetAhcrr signature^ on the instrument the person^ or,the entity upon behalf of which the person^) acted, execuied 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 Land and official:seal.i

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M iJlittiffleaflOn ________ ________ , before me. _Public, personally appeared MPUl C.•MtTthe basis of satisfactory evidence to be the person^) whose name(^ is/are subscribed to the within instrument, and acknowledged to me that heMe/they executed the Same in his/h&r/iiWr authorized capaeiytte), and that by his/ifef/tlftjjr signature^ on the instrument the person^, or the entity upon behalf of which the person^ acted, executed

.a Notary , who prbved to me on

the instrument.

t certify under PENALTY OH PERJURY undfer the laws of the State of California that the foregoing paragraph is true and correct-

hand and official seal.

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COMM If 1527742 ANOTABVPUBLiC.CAUFOaNIAM LOS ANGELES COUNTY Z

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the basis of satisfactory evidence to be the person^ whose Rame(sJ is/awwsubscribed to the wilhin instrument, and acknowledged to me that HeJshcZihey executed the-same in his/her/lheir authorized capacity(ies). and thatby his/biwAbeir signature^ on the instrument the person(s). or the entity upon behalf of which the personfs.) acted, executed the instrument.

f certify under PENALTY OF PERJURY under the Jaws of the State-of California that the foregoing- paragraph is.true and correct.

WITNESS my hand and. official seal.^

COUNTY OF ).■r C

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ANl STEPHAN .... |Commissfon # 1825900 INotary Public. CatlfornU |

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5 PSNotary Public

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On j before me; _______ , a Notary, who proved to me on

the basis of satisfactory evidence d be the person(s) whose .name(s) i s/are subscribed to the within instrument, and acknowledged to inc that he/she/tbey executed the same in hi$/her/their authorized capacity(ies). and that by his/her/their signature^) on the instrument the personfs), or the entity upon behalfoF which the personfs),acted, executed the instrument.

Public, personally appeared

I certify under PENALTY OF PERJURY under the laws ofthc State of California that the foregqing paragraph is true and correct.

WITNESS my hand and official seal-

Notary Public

5S8M2 6:t


RECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO:

PREFERRED BANK1801 Century Park East, Suite 100Los Angeles, CA 90067Attention: Sara Mendez, Vice President

Assessor’s Parcel Nos.

SPACE ABOVE FOR RECORDER’S USE ONLY

MEMORANDUM OF EXTENSION AGREEMENT AND MODIFICATION OF LOAN DOCUMENTS AND NOTICE OF ADDITIONAL ADVANCE

THIS MEMORANDUM OF EXTENSION AGREEMENT AND MODIFICATION OF LOAN DOCUMENTS AND NOTICE OF ADDITIONAL ADVANCE (‘‘Memorandum”) is entered into as of the day of March, 2012, by and among 5th ST LOFT LLC, a California limited liability company (“Borrower”), BARRY SHY, an individual (“Shy”), and Moti Shai, as Independent Trustee and Trustee of the BR Shy Irrevocable Trust u/d/t dated December 1, 1997, memorialized by a document dated January 2,1998 (“Shy Trust” and together with Shy, at times hereinafter, individually and collectively, “Guarantor”), on the one hand, and PREFERRED BANK, a California banking corporation (“Lender”), on the other hand. On or about February 27, 2009, Lender extended a revolving line of credit (the “Loan”) to Borrower, pursuant to that certain Line of Credit Loan Agreement dated February 27, 2009, executed by Borrower and Lender (the “Loan Agreement”). In connection therewith, Borrower executed that certain Promissory Note dated February 27, 2009, in the original maximum principal amount of $5,000,000.00 (the “Note”), in favor of Lender, which Note is secured by a lien on that certain real property (the “Property”), more particularly described in Exhibit “A” attached hereto and incorporated herein by this reference, pursuant to that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated February 27,2009, executed by Borrower in favor of Lender and recorded on March 4, 2009, as Document No. 2009-0303209 of the Official Records of Los Angeles County, California (the “Deed of Trust”). Lender, Borrower and Guarantor have entered into that certain Extension Agreement and Modification of Loan Documents and Notice of Additional Advance dated as of even date herewith (the “Agreement”).

This memorandum is intended to make a matter of public record the execution of the Agreement by Lender, Borrower and Guarantor, which Agreement provides for an extension of the Maturity Date of the Loan to March 5, 2013, as more particularly set forth in the Agreement. Reference is made to the Agreement for the full particulars thereof.

l9W26.I


EXHIBIT B

ASSIGNED INSPECTOR: RUBEN REYES JOB ADDRESS: 501 SOUTH BROADWAY, LOS ANGELES, CA

(AKA: 312 WEST 5th STREET, LOS ANGELES, CA) ASSESSORS PARCEL NO. (APN): 5149-033-016

Date: July 24,2015

Last Full Title: 05/09/2015 Last Update to Title:

LIST OF OWNERS AND INTERESTED PARTIES

5th ST. LOFT, LLC 600 S. SPRING ST.LOS ANGELES, CA 90014

1).

CAPACITY: OWNER

5th ST. LOFT, LLC 4371 WINNETKA AVE. WOODLAND HILLS, CA 91364

2).

CAPACITY: OWNER

3). PREFERRED BANK601 S. FIGUEROA ST, 29th FLOORLOS ANGELES, CA 90017 CAPACITY: INTERESTED PARTIES

4). PREFERRED BANK1801 CENTURY PARK EAST, SUITE 100 LOS ANGELES, CA 90067 CAPACITY: INTERESTED PARTIES

7/22/2015 RealQuest.com ® - Report EXHIBIT CProperty Detail Report

For Property Located At:312 W 5TH ST 1UC, LOS ANGELES, CA 90013-1900

CoreLogicRealGuest Professional

Owner InformationOwner Name:Mailing Address:Vesting Codes:Location Information

Legal Description:County:Census Tract / Block: Township-Range-Sect:Legal Book/Page:Legal Lot:Legal Block:

, Market Area:Neighbor Code:Owner Transfer InformationRecording/Sale Date:Sale Price:Document#:Last Market Sale Information

Recording/Sale Date:Sale Price:Sale Type:- Document#:Deed Type:Transfer Document#:New Construction:Title Company:Lender:Seller Name:Prior Sale Information

Prior Rec/Sale Date:Prior Sale Price:Prior Doc Number:Prior Deed Type:Property Characteristics

Gross Area:Living Area:Tot Adj Area:Above Grade:Total Rooms:Bedrooms:Bath(F/H):Year Built/Eff:Fireplace:# of Stories:Other Improvements:Site Information

Zoning:Lot Area:Land Use:Site Influence:Tax InformationTotal Value:Land Value:Improvement Value:Total Taxable Value:

I5TH ST LOFT LLC4371 WINNETKA AVE, WOODLAND HILLS CA 91364-4607 C010II

TR=54120 LOT 1 CONDO UNIT 1UC (AIRSPACE AND 1/281 INT IN COMMON AREA)APN:Alternate APN:Subdivision:Map Reference:Tract#:School District:School District Name:Munic/Township:

LOS ANGELES, CA 2073.01 /2

5149-033-016

541201305-52 /1 54120

LOS ANGELESC42 i

/ Deed Type:1st Mtg Document#:

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

///

//

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

//

Parking Type: Garage Area: Garage Capacity: Parking Spaces: Basement Area: Finish BsmntArea: Basement Type: RoofType: Foundation:Roof Material:

Construction: Heat Type: Exterior wall: Porch Type: Patio Type: Pool: AirCond: Style:Quality:Condition:

/II

CONDOMINIUM (010C)LAC527,285CONDOMINIUM

Acres:Lot Width/Depth: Res/Comm Units:

County Use: State Use: Water Type: Sewer Type:

0.63x286/3

Assessed Year: Improved %: Tax Year:

Property Tax: Tax Area:Tax Exemption:

13264

> CoreLogicRealQuest Professional

Comparable Sales ReportFor Property Located At

312 W 5TH ST 1 UC, LOS ANGELES, CA 90013-1900

20 Comparable(s) Selected.http://proclassic.real quest.com/jsp/report.jsp?&client=&action=confirm&type=getreport&recordno=0&reportoptions=0&1437599743529&1437599743529

Report Date: 07/22/2015

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7/22/2015 RealQuest.com ® - Report

Summary Statistics:

Subject Low High

$750,000

Average

Sale Price $0 $291,000 $459,575

Bldg/Living Area

Price/Sqft

0 510 1,260 771

$0.00 $421.69 $774.39 $595.91

Year Built 0 1912 1923 1917

Lot Area 27,285 27,285 30,787 29,036

Bedrooms 0 1 2 1

Bathrooms/Restrooms 0 1 2 1

Stories 0.00 0.00 0.00 0.00

$0Total Value $61,000 $147,707$230,000

Distance From Subject 0.00 0.14 0.14 0.14

*= user supplied for search only

Comp #:1 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:

Distance From SubjecLO.O (miles)312 W5THST 505, LOS ANGELES, CA 90013-1746 MELGUN TOM GREWAL ISVINDER S 5149-002-015 LOS ANGELES, CA 54120 12/17/2014 12/11/2014 $360,000 FULL 1370458 $288,000 $190,000 CONDOMINIUM

/Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories: Park Area/Cap#:

Living Area: Total Rooms: Bedrooms: Bath(F/H):Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Parking:

6702073.01LAC507/18/200706/14/2007$339,000FULL

11 /1923 /1978

0.63 /27,285

/

Comp#:2 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:

Distance From Subject:0.0 (miles)312 W 5TH ST 1006, LOS ANGELES, CA 90013-1756 MAR KARI YEP BENJAMIN 5149-002-146 LOS ANGELES, CA 54120 03/20/2015 02/24/2015 $385,000 FULL 304011 $346,500 $210,594 CONDOMINIUM

/Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:


8002073.01LAC511/10/200911/02/2009$200,000FULL

11 /1923 / 1978

0.63 /27,285

/

Comp #:3 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:

Distance From SubjecLO.O (miles)312 W5TH ST 805, LOS ANGELES, CA 90013-1750 PAVRI BURJISS K TAKAKI RONALD 5149-002-093 LOS ANGELES, CA 54120 06/12/2015 05/28/2015 $380,000 FULL 696791 $342,000 $190,000 CONDOMINIUM

Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:

/ 670Living Area: Total Rooms: Bedrooms: Bath (F/H):Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Parking:

2073.01LAC509/08/200807/23/2008$250,000FULL

11 /1923/1978

0.63 /27,285

/

Comp #:4 Address:Owner Name: HELMY ABOLHASSAN

MORALES EDUARDO 6149-033-043 LOS ANGELES, CA

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Distance From SubjecLO.O (miles)312 W 5TH ST 216, LOS ANGELES, CA 90013-1742

Seller Name: APN:County:

Map Reference: Census Tract:

/ Living Area: 670Total Rooms:2073.01

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7/22/2015 RealQuest.com ® - ReportSubdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:

5412011/21/201410/13/2014$320,000FULL1256458$256,000$140,635CONDOMINIUM

LAC510/23/201210/12/2012$140,000FULL

1Bedrooms:Bath(F/H):Yr Built/Eff:Air Cond:Style:Fireplace:Pool;Roof Mat: Parking:

1 /1923/1978

0.63 /27,285

/

Comp #:5 Address: Owner Name: Seller Name: APN:County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document#: 1st Mtg Ami: Total Value: Land Use:

Distance From SubjecLO.O (miles)312 W 5TH ST 814, LOS ANGELES, CA 90013-1750 CHUN YOUNG I & NANCY D PACIFIC MANAGEMENT PARTNERS LL 5149-002-102 LOS ANGELES, CA 54120 03/04/2015 01/29/2015 $425,000 FULL 232872 $311,250 $215,861 CONDOMINIUM


/ Living Area: Total Rooms: Bedrooms: Bath(F/H):Yr Built/Eff: Air Cond: Style; Fireplace: Pool:Roof Mat: Parking:

8902073.01LAC506/08/200604/20/2006$530,000FULL

11 /

1923/1978

0.63 /27,285

/

Comp #:6 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 SubjecLO.O (miles)312 W 5TH ST 617, LOS ANGELES, CA 90013-1747 MCCLINTOCK CHRISTOPHER DAURIA ANDREA 51494)02-053 LOS ANGELES, CA 54120 12/31/2014 11/17/2014 $380,000 FULL 1428555 $342,000 $210,000 CONDOMINIUM


/ 770Living Area: Total Rooms: Bedrooms: Bath(F/H):Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Parking:

2073.01LAC507/23/200806/26/200B$255,000FULL

11 /1923 /1978

0.63 /27,285

/

Comp #:7 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 SubjecLO.O (miles)312 W 5TH ST 517, LOS ANGELES, CA 90013-1746 BONIN EDWARD H ROBERTS RICHARD 5149-002-027 LOS ANGELES, CA 54120 01/29/2015 01/05/2015 $375,000 FULL 105058 $300,000 $210,000 CONDOMINIUM


/ Living Area: Total Rooms: Bedrooms: Bath(F/H):Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Parking:

7702073.01 LAC 506/11/2008 05/12/2008 $260,000 FULL

11 /1923/1978

0.63 /27,285

/

Comp #:8 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:

Distance From SubjecLO.O (miles)312 W5THST 608, LOS ANGELES, CA 90013-1747 KAN STEVEN W RICCIO KRISTINA 5149-002-044 LOS ANGELES, CA 54120 06/04/2015 05/05/2015 $291,000 FULL 653631 $261,900 $152,681 CONDOMINIUM


/ 610Living Area. Total Rooms: Bedrooms: Bath(F/H):Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Parking:

2073.01LAC504/09/2010 03/26/2010 $145,000 FULL

11 /1923/1978

/0.6327,285

/

Distance From SubjecLO.O (miles)Comp #:9 Address:Owner Name: JAVIDZAD MATIN

MACDONALD DUNCAN & BERNICE 5149-002-169 LOS ANGELES, CA 54120

312 W5TH ST 1103, LOS ANGELES, CA 90013-1754

Seller Name: APN:County:Subdivision:

/Map Reference: Census Tract: Zoning:

Living Area: Total Rooms: Bedrooms:

8302073.01LAC5 1

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7/22/2015 RealQuest.com ® - ReportRec Date: Sate Date: Sale Price: Sale Type: Document#: 1 st Mtg Amt: Total Value: Land Use:

04/23/201503/18/2015$350,000FULL454199$280,000$230,000CONDOMINIUM

Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:

01/08/201010/19/2009$250,000FULL

Bath(F/H): Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Parking:

1 /1923/1978

0.63 /27,285

/


Distance From SubjecLO.O (miles)312 W5THST1109, LOS ANGELES, CA 90013-1755 Yl MICHAEL & HELEN VO ANH 5149-002-175 LOS ANGELES, CA 54120 12/10/2014 10/16/2014 $310,000 FULL 1336803 $130,000 $166,369 CONDOMINIUM



6502073.01LACS10/27/200910/05/2009$158,000FULL

l11 /1923 /1978

0.63 /27,285

/


Distance From Subjects.14 (miles)460 S SPRING ST 1014, LOS ANGELES, CA 90013-2006 BLEDSOE NEAL A HELEEM KENTON J 5149-023-180 LOS ANGELES, CA 63018 04/10/2015 02/24/2015 $635,000 FULL 397715 $335,000 $97,000 CONDOMINIUM

Map Reference- Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:


8202073.02LAC406/15/2009 05/22/2009 $400,000 FULL

>1 /1912/1985CENTRAL

0.71 /30,787

/

Comp #:12 Address: Owner Name: Seiler Name: APN:County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document #:1 st Mtg Amt: Total Value: Land Use:

Distance From Subjects.14 (miles)460 S SPRING ST 601, LOS ANGELES, CA 90013-2031 BOLTNOTT JAMES W/WONG KEITH BENSON R A LIVING TRUST 5149-023-098 LOS ANGELES, CA 63013 12/30/2014 10/27/2014 $495,000 FULL 1419045

Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type; Acres:Lot Area:# of Stories:Park Area/Cap#:


7202073.02LAC407/23/201007/16/2010$370,000FULL

11 /1912/1985CENTRAL

0.71 /30,787

$86,000CONDOMINIUM /


Distance From Subject:0.14 (miles)460 S SPRING ST 216, LOS ANGELES, CA 90013-2030 KING TRUSTTUNCAYDIN MARTIN & AMIE H 5149-023-041 LOS ANGELES, CA 63018 05/12/2015 03/24/2015 $535,000 FULL 546630 $150,000 $162,000 CONDOMINIUM



8902073.02LAC407/02/201206/05/2012$380,000FULL

1 /1912/1985CENTRAL

0.71 /30,787

/

Comp #:14 Address;Owner Name: KOHLMANN JUSTINE Seller Name:APN:County:Subdivision:Rec Date:

Distance From Subjects. 14 (miles)460 S SPRING ST 1105, LOS ANGELES, CA 90013-2006

NG MINNA 5149-023-188 LOS ANGELES, CA 63018 12/03/2014

Map Reference: Census Tract: Zoning:Prior Rec Date:

/ Living Area: 1,260Total Rooms: Bedrooms: 2Bath(F/H): 2 /

2073.02LAC402/15/2013

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http://pr

RealQuest.com ® - Report7/22/2015Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:

Sale Date: Sale Price: Sale Type: Document #: 1st Mtg Amt: Total Value: Land Use:

11/18/2014$750,000FULL1300812

01/16/2013$625,000FULL

Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Parking:

1912/1985CENTRAL

/0.7130,787


Distance From SubjecLO.14 (miles)Comp #:15 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:

460 S SPRING ST 712, LOS ANGELES, CA 90013-2032 CAMMACK MARK/LOMBARD ANNE MORALES VICTOR 51494)23-127 LOS ANGELES, CA 63018 05/14/2015 04/17/2015 $649,000 FULL 560049 $500,000 $102,000 CONDOMINIUM


/ Living Area: Total Rooms: Bedrooms: Bath(F/H):Yr Built/Eff: Air Cond: Style: Fireplace: Pool:Roof Mat: Paiking:

8602073.02LAC402/28/201101/19/2011$395,000FULL

22/1912/1985CENTRAL

/0.7130,787

/

Distance From Subject:0.14 (miles)Comp #:16 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:

460 S SPRING ST 518, LOS ANGELES, CA 90013-2031 TUCKER TYLER J MITCHELL TIMOTHY M 51494)23-097 LOS ANGELES, CA 63018 11/25/2014 11/19/2014 $485,000 FULL 1264680 $242,500 $82,000 CONDOMINIUM


690Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:

2073.02LAC411/13/200910/14/2009$310,000FULL

11 /1912/1985CENTRAL

0.71 /30,787

/

Distance From Subjects.14 (miles)Comp #:17 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:

460 S SPRING ST 811, LOS ANGELES, CA 90013-2033 SEDLACEK DEVON/ROBERTSON SCOTT MARTIN YVES A & EDA 51494)23-143 LOS ANGELES, CA 63018 05/29/2015 05/15/2015 $601,000 FULL 628002 $450,750 $116,000 CONDOMINIUM


810Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:

/2073.02LAC409/03/201006/09/2010$360,000FULL

11 /1912/1985 CENTRAL

/0.7130,787

/

Distance From Subject:0.14 (miles)Comp #:18 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:

460 S SPRING ST 908, LOS ANGELES, CA 90013-2033 KING TRUST NITAO SUSAN M 51494)23-157 LOS ANGELES, CA 63018 03/26/2015 03/06/2015 $385,500 FULL 328064



5102073.02LAC409/09/200907/10/2009$239,000FULL

1 /1912/1985CENTRAL

/0.7130,787


Distance From Subject:0.14 (miles)Comp #:19 Address:Owner Name: RABINOVITCH NICOLAS Seller Name:APN:County:Subdivision:Rec Date:Sale Date:

460 S SPRING ST 911, LOS ANGELES, CA 90013-2033

JIM JANET P C51494)23-160LOS ANGELES, CA6301803/20/201502/06/2015

Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date:

/ Living Area: Total Rooms: Bedrooms: Bath(F/H):Yr Built/Eff:

8102073.02LAC411/23/200909/10/2009

11 /1912/1985

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7/22/2015 RealQuest.com ® - ReportSale Price: Sale Type: Document #: 1 st Mtg Amt: Total Value: Land Use:

$600,000FULL302398$537,000$96,000CONDOMINIUM

Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories:Park Area/Cap#:

$355,000FULL

Air Cond:Style:Fireplace:Pool:Roof Mat:Parking:

CENTRAL

0.71 /30,787

/

Comp #:20 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 Subjects.14 (miles)460 S SPRING ST 1102, LOS ANGELES, CA 90013-2006 DONG AARON P/LAI SUET GERTNER BENJAMIN J 5149-023-185 LOS ANGELES, CA 63018 03/24/2015 03/19/2015 $480,000 FULL 317104 $360,000 $86,000 CONDOMINIUM

Map Reference: Census Tract: Zoning:Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres:Lot Area:# of Stories: Park Area/Cap#:


7202073.02LAC404/23/201003/16/2010$380,000FULL

11 /1912/1985CENTRAL

0.71 /30,787

/

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EXHIBIT D

ASSIGNED INSPECTOR: RUBEN REYES JOB ADDRESS. 501 SOUTH BROADWAY, LOS ANGELES, CA

(AKA: 312 WEST 5™ STREET, LOS ANGELES, CA) ASSESSORS PARCEL NO. (APN): 5149-033-016

Date: July 24,2015

CASE#: 504316 ORDER NO: A-3283488

EFFECTIVE DATE OF ORDER TO COMPLY: July 02, 2013 COMPLIANCE EXPECTED DATE: August 01, 2013 DATE COMPLIANCE OBTAINED: April 01,2015

LIST OF IDENTIFIED CODE VIOLATIONS(ORDER TO COMPLY)

VIOLATIONS:

SEE ATTACHED ORDER # A-3283488

M0 City of Los AngelesBOARD OF

BUILDING AND SAFETY COMMISSIONERS

MDEPARTMENT OF

BUILDING AND SAFETY201 NORTH FIGUEROA STREET

LOS ANGELES, CA 90012

M CALIFORNIA00 HELENAJUBANY

PRESIDENT

VAN AMBATIELOSVICE-PRESIDENT

E. FELICIA BRANNON VICTOR H. CUEVAS SEPANDSAMZADEH

RAYMOND S. CHAN, C.E., S.E.SUPERINTENDENT OF BUILDING

INTERIM GENERAL MANAGER

ro0I.,a

■|:» ERIC GARCETTI MAYOR05

I'O ORDER TO COMPLY

JUL 0 9 2013

UiI'O

CASE#: 504316 ORjDER #: A-3283488

EFFECTIVE DATE: July 02,2013 COMPLIANCE DATE: August 01, 2013

5TH ST LOFTLLC 312 W 5TH ST APT 201 LOS ANGELES, CA 90013

EG

OWNER OFSITE ADDRESS: 501 S BROADWAYASSESSORS PARCEL NO,: 5149-033-027 ZONE: C5; 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:VIOLATION(S):

1. The 7-Eleven store is in need of general maintenance and repair due to an automobole accident.

1) Obtain required permits before starting repairs. 2)Cal! for inspection before covering any work.

91.8104, 91.103.1, 12.21 A. 1 .(a) of the L.A.M.C.

You are therefore ordered to:

Code Section(s) in Violation:

NON-COMPLIANCE FEE WARNING:

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 $550.00 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.

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 $1,925.00.Any person who fails to pay the non-compliance fee, late chage and collection fee shall also pay interest. Interest shall be calculated at the rate of one percent per month.

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

www.ladbs.orgLA (f» DBS

Page 1 of 2DEPARTMENT OF BUILDING AND SAFETY

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PENALTY WARNING:Any person who violates or causes or permits another person to violate any provision of the LosAngeles 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 31.00 (m) 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.

If you have any questions or require any additional information please feel free to contact me at (213)252-3051.Office hours are 7:00 a.m. to 3:30 p.m. Monday through Thursday.

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_ 'formInspector: Date: July 02. 2013

TOM WILLIS3550 WILSH1RE BLVD. SUITE 1800 LOS ANGELES, CA 90010 (213)252-3051 Tom [email protected]

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

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Page 2 of 2EPAATMEMT OF &U8LDOM AND SARTTV

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