1801 SOUTH HIGHLAND AVENUE - LoopNet · 1801 South highland avenue loS angeleS, Ca 90019 investment HigHligHts Great Unit Mix – Almost Entirely Four-, Three-, and Two-Bedroom Units

1801 SOUTH HIGHLAND AVENUELOS ANGELES, CA 90019

Real Estate Investment Sales t Financing t Research t Advisory Services

L O S A N G E L E S C O U N T Y M U L T I F A M I L Y

Confidentiality and disClaimer

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorse by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said cor-poration of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant

lessee information about this listing to prospective customers.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information

about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

EXCLUSIVELY LISTED:

Offices Throughout the U.S and Canada

www.MarcusMillichap.com


Rick E. RaymundoSenior Managing Director Investments

Senior Director, National Multi Housing Group

515 South Flower Street Suite 500Los Angeles, CA 90071(213) 943-1855 Direct

(213) 943-1961 Fax(818) 219-6146 Mobile

[email protected]

Andres DiazAssociate Member

National Multi Housing Group


(213) 943-1961 Fax(323) 376-2469 Mobile

[email protected]

L O S A N G E L E S C O U N T Y M U L T I F A M I L Y

table of Contents

SECTION 1 INVESTMENT OVERVIEW

SECTION 2 PRICING AND FINANCIAL ANALYSIS

SECTION 3 PROPERTY DESCRIPTION

SECTION 4 RECENT SALES

SECTION 5 RENT COMPARABLES

SECTION 6 DEMOGRAPHIC ANALYSIS

INVESTMENT OVERVIEW

The OfferingMarcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment property at 1801 South Highland Avenue in the highly sought-after Mid-City district of Los Angeles, CA . The property boasts a diverse unit mix of 1 one-bedroom/one-bathroom unit, 2 two-bedroom/one-bathroom units, 1 three-bedroom/one-bathroom unit, and 1 four-bedroom/two-bathroom unit, all within a 5,174 square foot building situated on a corner lot. Within the past year, the property has been extensively upgraded throughout. Exterior and common area improvements include new landscaping, new exterior paint, and new light fixtures.

Select individual units were repositioned via high-end amenities such as in-unit washer/dryers, new kitchen cabinets with quartz countertops and glass backsplashes, new stainless steel appliances, new ceramic tile and wood laminate flooring, and new drywall with updated paint. Improving both energy efficiency and general tenant comfort are the new double pane windows, new energy efficient light fixtures, upgraded plumbing fixtures and pipes, and new copper wiring.

These rehabbed units not only allow for an immediate increase in income, but also provide a blueprint for a future owner to apply to the remaining units in an attempt to add value to the property. Offering a potential additional income stream, the building features garage parking for two vehicles with possible room for two to three more vehicles in open spaces.

Situated in the desirable Mid City neighborhood of Los Angeles, a submarket experiencing tremendous growth and revitalization, several of the neighboring buildings having recently been remodeled. Midtown Crossing, a 330,000 square foot urban retail center that was completed by CIM Group in 2012 is within walking distance of the property, providing tenants with excellent new dining, retail, and fitness opportunities. An astute investor will be able to replicate and implement a thorough interior renovation program similar to other units in the building in order to take advantage of the approximately 22 percent upside in rental income.

1801 South highland avenueloS angeleS, Ca 90019

investment HigHligHts

Great Unit Mix – Almost Entirely Four-, Three-, and Two-Bedroom Units

Spacious Units – Approximately 5,174 Rentable Square Feet (Per Assessor’s Records) Spread Over Five Units

Select Units Feature In-Unit Washer/Dryers, New Quartz Countertops, New Kitchen Cabinets, New Flooring

Strong Mid-City Location – Just South of Miracle Mile, Pico-Robertson

Offered at an Attractive 4.50 Percent CAP Rate and 14.98 GRM Based on Current Income

Approximately 22 Percent Upside in Rents

New Exterior Paint, New Landscaping, Partial Copper Plumbing

Separately Metered for Gas & Electricity

Walk Score of 88: Walking Distance to Midtown Crossing

investment overview

This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Y0140982

1801 soutH HigHland avenuelos angeles, Ca 90019

$1,920,000 $384,000 $371.09PRICE PRICE PER UNIT PRICE PER SQUARE FOOT

4.50% 14.98CURRENT CAP RATE CURRENT GRM

5 1928 5,174 6,244UNITS YEAR BUILT RENTABLE SF LOT SIZE


VITAL DATA

CAP Rate – Current 4.50%

GIM – Current 14.98

Net Operating Income – Current $86,448

Total Return – Current 5.78% / $40,503

CAP Rate – Pro Forma 6.12%

GIM – Pro Forma 11.89

Net Operating Income – Pro Forma $117,570

Total Return – Pro Forma 10.22% / $71,625

THE OFFERING

Property Address1801 South Highland Avenue

Los Angeles, CA 90019

Price $1,920,000

Down Payment 37% / $700,800

Price/Unit $384,000

Price/SF $371.09

Number of Units 5

Rentable Square Feet 5,174

Number of Buildings 1

Number of Stories 2

Year Built 1928

Lot Size 6,244

Offering Summary

DEMOGRAPHICS

1-Mile 3-Miles 5-Miles

2014 Total Population 52,033 414,509 1,233,160

2019 Total Population 52,347 418,479 1,243,195

2014 Total Households 18,635 163,738 490,542

2019 Total Households

18,850 166,301 498,697

Median Household Income $39,363 $42,132 $39,034

Per Capital Income(Based on total Population) $21,383 $28,438 $27,452

Average (Mean) Household Income $58,988 $71,489 $68,064

MAJOR EMPLOYERS

Company Local Employees

Southern California / Hawa Regulator 13,116

U S C 8,434

Team One 5,000

Mental Health California Department 4,000

Paramount Pictures 3,511

Sony Pictures Entertainment 3,500

Project Boat Holdings LLC 3,174

Farmers Insurance 3,126

California Hospital Medical Center 3,005

SBE 3,002

Department of Public Works - Bureau of Sanitation 3,000

Fire Dept-Station 61 3,000

UNIT MIX

No. ofUnits

UnitType

Approximate Square Feet

1 1 Bdr 1 Bath 700

2 2 Bdr 1 Bath 900

1 3 Bdr 1 Bath 1,000

1 4 Bdr 2 Bath 1,200

5 Total 5,174

investment overview

investment overview

TranSiT and PedeSTrian OrienTed

TRANSIT SCORE64

“GOOD TRANSIT”Many nearby public

transportation options.

BIKE SCORE78

“VERY BIKEABLE”Flat as a pancake,

excellent bike lanes.

WALK SCORE

88“VERY WALABLE”

Most errands can be

accomplished on foot.


PRICING AND FINANCIAL ANALYSIS

PriCing & finanCial analysis

unit mix

NO. OF UNITS

UNIT TYPE

APPROX. SF

CURRENT RENTS

RENT/SF

MONTHLY INCOME

PRO FORMA RENTS

RENT/SF

MONTHLY INCOME

1 1 Bdr 1 Bath 700 $1,082 $1.55 $1,082 $1,650 $2.36 $1,650

2 2 Bdr 1 Bath 900 $1,389 - $2,195 $1.99 $3,584 $2,195 $2.44 $4,390

1 3 Bdr 1 Bath 1,000 $2,022 $2.02 $2,022 $2,995 $3.00 $2,995

1 4 Bdr 2 Bath 1,200 $3,995 $3.33 $3,995 $3,995 $3.33 $3,995

5 TOTAL 5,174 $10,683 $13,030

rent roll

UNIT NUMBER UNIT TYPE RENT/SF UNIT SF CURRENT RENT

1801 1 Bdr 1 Bath * $1.55 700 $1,082

1801 1/2 4 Bdr 2 Bath $3.33 1,200 $3,995

1801 3/4 2 Bdr 1 Bath $2.44 900 $2,195

1803 2 Bdr 1 Bath * $1.54 900 $1,389

1803 1/2 3 Bdr 1 Bath * $2.02 1,000 $2,022

TOTAL VACANT $0

5 TOTAL OCCUPIED 4,700 $10,683

5 TOTAL 4,700 $10,683

* Section 8 Tenant



inCome & exPensesINCOME CURRENT PER UNIT PRO FORMA PER UNIT

GROSS POTENTIAL RENT $128,196 $25,639 $156,360 $31,272

Other Income

Parking $5,100 $1,020

Total Income $5,100 $1,020

GROSS POTENTIAL INCOME $128,196 $25,639 $161,460 $32,292

Vacancy/Collection Allowance (GPR) 3.0% / $3,846 $769 3.0% / $4,691 $938

EFFECTIVE GROSS INCOME $124,350 $24,870 $156,769 $31,354

EXPENSES CURRENT PER UNIT PRO FORMA PER UNIT

Real Estate Taxes (1.1918%) $22,883 $4,577 $22,883 $4,577

Insurance $2,070 $414 $2,070 $414

Utilities $3,700 $740 $3,700 $740

Landscaping $1,200 $240 $1,200 $240

Repairs & Maintenance $3,000 $600 $3,000 $600

Management Fee 4.0% / $4,974 $995 4.0% / $6,271 $1,254

Pest Control $75 $15 $75 $15

TOTAL EXPENSES $37,902 $7,580 $39,199 $7,840

Expenses per SF $7.33 $7.58

% of EGI 30.5% 25.0%

NET OPERATING INCOME $86,448 $17,290 $117,570 $23,514



finanCial overview

PROPERTY DETAILS

Location 1801 South Highland AvenueLos Angeles, CA 90019

Price $1,920,000

Down Payment 37% / $700,800

Number of Units 5

Price/Unit $384,000


Price/SF $371.09

CAP Rate-Current 4.50%

CAP Rate - Pro Forma 6.12%

GIM - Current 14.98

GIM - Pro Forma 11.89

Year Built / Renovated 1928

Lot Size 6,244

Type of Ownership Fee Simple

FINANCING

First Trust Deed

Loan Amount $1,219,200

Interest Rate 3.8%

Amortization 30 Years

Loan information is time sensitive and subject to change. Contact your local Marcus & Millichap Capital Corporation Representative.

Annualized Operating DataIncome CURRENT PRO FORMAGross Potential Rent $128,196 $156,360

Other Income $5,100

Gross Potential Income $128,196 $161,460

Less: Vacancy / Deductions (GPR) 3.0% / $3,846 3.0% / $4,691

Effective Gross Income $124,350 $156,769

Less: Expenses $37,902 $39,199

Net Operating Income $86,448 $117,570

Net Cash Flow Before Debt Service $86,448 $117,570

Debt Service $68,171 $68,171

Debt Coverage Ratio 1.27 1.72

Net Cash Flow After Debt Service 2.61% / $18,277 7.05% / $49,399

Principal Reduction $22,226 $22,226

Total Return 5.78% / $40,503 10.22% / $71,625

Expenses CURRENT PRO FORMA

Real Estate Taxes $22,883 $22,883

Insurance $2,070 $2,070

Utilities $3,700 $3,700

Landscaping $1,200 $1,200

Repairs & Maintenance $3,000 $3,000

Management Fee $4,974 $6,271

Pest Control $75 $75

Total Expenses $37,902 $39,199

Expenses / Unit $7,580 $7,840

Expenses / SF $7.33 $7.58

% of EGI 30.48% 25.00%


PROPERTY DESCRIPTION

regional maP

1801 South Highland Avenue

ProPerty desCriPtion


loCal maP





aerial PHoto



ProPerty summary

THE OFFERING

Property Address1801 South Highland Avenue

Los Angeles, CA 90019

Assessor’s Parcel Number 5067-013-001

Zoning LARD1.5

SITE DESCRIPTION

Number of Units 5

Number of Buildings 1

Number of Stories 2

Year Built 1928


Lot Size 6,244

Type of Ownership Fee Simple

UTILITIES

Electric Separately Metered

Gas Separately Metered

CONSTRUCTION

Framing Wood Frame

Exterior Stucco

Parking Surface Concrete

Roof Flat








RECENT SALES

reCent sales

1)2)3)4)5)6)7)8)

1801 South Highland Avenue1341 South Burnside Avenue5881 Saturn Street5000 San Vicente Boulevard1201 S Orange Grove Avenue5801 Packard Street1426 S Orange Grove Avenue1415 S Sierra Bonita Avenue1817 S Highland Avenue

RECENT SALES1801 South Highland AvenueLOS ANGELES, CA

THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus &Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.

RECENT SALES MAPreCent sales maP

5

4

6

7

321

RECENT SALES


1) 1341 South Burnside Avenue

2) 5881 Saturn Street

3) 5000 San Vicente Boulevard

4) 1201 South Orange Grove Avenue

5) 5801 Packard Street

6) 1426 South Orange Grove Avenue

7) 1415 South Sierra Bonita Avenue

8) 1817 South Highland Avenue8


reCent sales

0.00

0.40

0.80

1.20

1.60

2.00

2.40

2.80

3.20

3.60

4.00

4.40

Subject 5881SaturnStreet

1201South

OrangeGrove

Avenue

5801PackardStreet

1426South

OrangeGrove

Avenue

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00


5801PackardStreet

1426South

OrangeGrove

Avenue



0.00

40.00

80.00

120.00

160.00

200.00

240.00

280.00

320.00

360.00

400.00

Subject 1341South

BurnsideAvenue

5881SaturnStreet

5000San

VicenteBoulevard

1201South

OrangeGrove

Avenue

5801PackardStreet

1426South

OrangeGrove

Avenue

1415SouthSierraBonita

Avenue

1817South

HighlandAvenue

0

40,000

80,000

120,000

160,000

200,000

240,000

280,000

320,000

360,000

400,000

Subject 1341South

BurnsideAvenue

5881SaturnStreet

5000San

VicenteBoulevard

1201South

OrangeGrove

Avenue

5801PackardStreet

1426South

OrangeGrove

Avenue


Avenue

1817South

HighlandAvenue



0.00

40.00

80.00

120.00

160.00

200.00

240.00

280.00

320.00

360.00

400.00

Subject 1341South

BurnsideAvenue

5881SaturnStreet

5000San

VicenteBoulevard

1201South

OrangeGrove

Avenue

5801PackardStreet

1426South

OrangeGrove

Avenue


Avenue

1817South

HighlandAvenue

0

40,000

80,000

120,000

160,000

200,000

240,000

280,000

320,000

360,000

400,000

Subject 1341South

BurnsideAvenue

5881SaturnStreet

5000San

VicenteBoulevard

1201South

OrangeGrove

Avenue

5801PackardStreet

1426South

OrangeGrove

Avenue


Avenue

1817South

HighlandAvenue



0.00

0.40

0.80

1.20

1.60

2.00

2.40

2.80

3.20

3.60

4.00

4.40


1201South

OrangeGrove

Avenue

5801PackardStreet

1426South

OrangeGrove

Avenue

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00


5801PackardStreet

1426South

OrangeGrove

Avenue



average CaP rate

average GRM average PriCe Per unit

average PriCe Per square foot

Subject

Subject

Subject

Avg $339.20

Subject

Avg 3.90%

Avg 15.43

Avg $283,736


reCent sales

1341 South Burnside AvenueLos Angeles, CA 90019

Close of Escrow 08/10/2017

Total No. of Units 8

Year Built 1955

Rentable SF 7,169

Lot Size 6,869

Sales Price $2,900,000

Price/Unit $362,500

Price/SF $404.52

NO. OF UNITS UNIT TYPE

8 2 Bdr 1 Bath

1

1801 South Highland AvenueLos Angeles, CA 90019

Close of Escrow Subject Property


Year Built 1928

Rentable SF 5,174

Lot Size 6,244


Price/Unit $384,000

Price/SF $371.09

CAP Rate 4.50%

GRM 14.98


1 1 Bdr 1 Bath

2 2 Bdr 1 Bath

1 2 Bdr 1 Bath

1 4 Bdr 2 Bath


reCent sales

5000 San Vicente BoulevardLos Angeles, CA 90019



Year Built 1950

Rentable SF 6,588

Lot Size 11,121


Price/Unit $293,750

Price/SF $356.71


6 1 Bdr 1 Bath

2 2 Bdr 1 Bath

3

5881 Saturn StreetLos Angeles, CA 90019



Year Built 1956

Rentable SF 6,971

Lot Size 7,126


Price/Unit $275,000

Price/SF $315.59

CAP Rate 4.52%

GRM 12.68


5 1 Bdr 1 Bath

2 2 Bdr 1 Bath

1 3 Bdr 1 Bath

2


reCent sales

5801 Packard StreetLos Angeles, CA 90019



Year Built 1963

Rentable SF 8,300

Lot Size 7,270


Price/Unit $275,000

Price/SF $265.06

CAP Rate 3.90%

GRM 14.92


4 1 Bdr 1 Bath

4 2 Bdr 2 Bath

5

1201 South Orange Grove AvenueLos Angeles, CA 90019



Year Built 1929

Rentable SF 5,225

Lot Size 8,320


Price/Unit $330,000

Price/SF $315.79

CAP Rate 4.19%


2 1 Bdr 1 Bath

2 2 Bdr 1 Bath

1 2 Bdr 1.5 Bath

4


reCent sales

1415 South Sierra Bonita AvenueLos Angeles, CA 90019



Year Built 1931

Rentable SF 4,334

Lot Size 6,299


Price/Unit $286,667

Price/SF $396.86


6 1 Bdr 1 Bath

7

1426 South Orange Grove AvenueLos Angeles, CA 90019



Year Built 1962

Rentable SF 9,157

Lot Size 9,435


Price/Unit $213,636

Price/SF $256.63

CAP Rate 4.05%

GRM 14.86


1 Single

6 1 Bdr 1 Bath

4 2 Bdr 2 Bath

6


reCent sales




Year Built 1947

Rentable SF 3,479

Lot Size 6,242


Price/Unit $233,333

Price/SF $402.41


1 Single

5 1 Bdr 1 Bath

8


RENT COMPARABLES

rent ComParables

rent ComParables maP

4

3

2

1

RENT COMPARABLES


1) 4702 West 17th Street

2) 1831 South Sycamore Drive

3) 1700 South Highland Avenue

4) 1411 Ellsmere Avenue


0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Subject 4702West17th

Street

1411EllsmereAvenue

RENT COMPARABLES1801 South Highland AvenueLOS ANGELES, CA


2 Bdr 3 Bdr

0

300

600

900

1,200

1,500

1,800

2,100

2,400

2,700

3,000


Street

1831South

SycamoreDrive

1700South

HighlandAvenue

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800


Street

1411EllsmereAvenue

RENT COMPARABLES1801 South Highland AvenueLOS ANGELES, CA


2 Bdr 3 Bdr

0

300

600

900

1,200

1,500

1,800

2,100

2,400

2,700

3,000


Street

1831South

SycamoreDrive

1700South

HighlandAvenue

average rents - 1 bedroom units

average rents - 2 & 3 bedroom units

Subject

Subject

rent ComParables

Avg $1,700

Avg $2,245

Avg $3,100


rent ComParables



Year Built 1928

1

UNIT TYPE SF RENT RENT/SF

1 Bdr 1 Bath 700 $1,082 $1.55

2 Bdr 1 Bath 900 $1,389 - $2,195 $1.99

3 Bdr 1 Bath 1,000 $2,022 $2.02

4 Bdr 2 Bath 1,200 $3,995 $3.33

TOTAL/AVG. 5,174 $2,223 $2.06

4702 West 17th StreetLos Angeles, CA 90019


Year Built 1964

AmenitiesProperty features walk-in closets, vaulted ceilings, wood flooring, ceiling fans, and on-site laundry.


1 Bdr 1 Bath 790 $1,650 $2.09

2 Bdr 1 Bath 810 $2,195 $2.71

2 Bdr 2 Bath 825 $2,395 $2.90

TOTAL/AVG. $2,080


rent ComParables

AmenitiesProperty features wood flooring, ceiling fans, garage parking, and on-site laundry.

1831 South Sycamore DriveLos Angeles, CA 90019


Year Built 1924


2 Bdr 1 Bath 2 Bdr 1 Bath $2,195 $2.44

TOTAL/AVG. $2,195



Year Built 2017

AmenitiesProperty features laminate flooring, central air/heat, high ceilings, shaker cabinets, quartz countertops, marble tile backsplashes,


3 Bdr 2 Bath 1,242 $3,100 $2.50

TOTAL/AVG. $3,100

32


rent ComParables

AmenitiesProperty features wood flooring, Caesarstone countertops, custom cabinetry, subway tile backsplashes, stainless steel appliances,

1411 Ellsmere AvenueLos Angeles, CA 90019


Year Built 1959


1 Bdr 1 Bath 700 $1,750 $2.50

TOTAL/AVG. $1,750

4


DEMOGRAPHIC ANALYSIS

demograPHiC analysis

demograPHiC rePort

Population 1 MILE 3 MILES 5 MILES Income 1 MILE 3 MILES 5 MILES

2010 POPULATION 50,092 403,063 1,203,526 $0 $14,999 18.4% 18.3% 20.1%

2010 POPULATION 50,612 402,061 1,191,949 $15,000 $24,999 13.4% 13.4% 14.4%

2014 POPULATION 52,033 414,509 1,233,160 $25,000 $34,999 13.0% 11.2% 11.5%

2019 POPULATION 52,347 418,479 1,243,195 $35,000 $49,999 16.1% 13.7% 13.5%

$50,000 $74,999 16.2% 15.8% 15.0%

Households 1 MILE 3 MILES 5 MILES $75,000 $99,999 8.5% 8.9% 8.2%

2000 HOUSEHOLDS 17,716 155,221 461,451 $100,000 $124,999 5.4% 6.1% 5.8%

2010 HOUSEHOLDS 17,828 156,353 466,766 $125,000 $149,999 3.2% 3.4% 3.1%

2014 HOUSEHOLDS 18,635 163,738 490,542 $150,000 $199,999 3.1% 4.0% 3.5%

2019 HOUSEHOLDS 18,850 166,301 498,697 $200,000 $249,999 0.9% 1.8% 1.7%

$250,000 + 1.8% 3.4% 3.3%

2014 AVERAGE HOUSEHOLD SIZE 2.76 2.50 2.45

2014 MEDIAN HOUSEHOLD INCOME $39,363 $42,132 $39,034

2014 DAYTIME POPULATION 7,421 150,336 557,566 2014 PER CAPITAL $21,383 $28,438 $27,452

2000 OWNER OCCUPIED HOUSING UNITS 29.70% 26.67% 23.27% 2014 AVERAGE HOUSEHOLD INCOME $58,988 $71,489 $68,064

2000 RENTER OCCUPIED HOUSING UNITS 64.25% 68.52% 71.78%

2000 VACANT 6.05% 4.81% 4.96%

2014 OWNER OCCUPIED HOUSING UNITS 30.70% 26.65% 23.45%


2014 VACANT 3.56% 3.01% 3.09% Demographic data © 2012 by Experian.

2019 OWNER OCCUPIED HOUSING UNITS 30.66% 26.49% 23.35%


2019 VACANT 3.22% 2.86% 2.97%


demograPHiC summary


POPULATION

In 2014, the population in your selected geography is 1,233,160. The popula-tion has changed by 2.46% since 2000. It is estimated that the population in your area will be 1,243,195 five years from now, which represents a change of 0.81% from the current year. The current population is 49.79% male and 50.20% female. The median age of the population in your area is 34.7, compare this to the Entire US average which is 37.3. The population density in your area is 15,698.77 people per square mile.

HOUSEHOLDS

There are currently 490,542 households in your selected geography. The num-ber of households has changed by 6.30% since 2000. It is estimated that the number of households in your area will be 498,696 five years from now, which represents a change of 1.66% from the current year. The average household size in your area is 2.45 persons.

INCOME

In 2014, the median household income for your selected geography is $39,034, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 26.98% since 2000. It is esti-mated that the median household income in your area will be $44,748 five years from now, which represents a change of 14.64% from the current year.

The current year per capita income in your area is $27,452, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $68,064, compare this to the Entire US average which is $74,533.

RACE & ETHNICITY

The current year racial makeup of your selected area is as follows: 41.79% White, 15.79% Black, 0.11% Native American and 13.69%Asian/Pacific Is-lander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 43.73% of the current year population in your selected area. Compare this to the Entire US average of 17.13%.

HOUSING

In 2000, there were 112,955 owner occupied housing units in your area and there were 348,495 renter occupied housing units in your area. The median rent at the time was $598.

EMPLOYMENT

In 2014, there are 557,565 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 60.52% of employ-ees are employed in white-collar occupations in this geography, and 39.48% are employed in blue-collar occupations. In 2014, unemployment in this area is 9.80%. In 2000, the average time traveled to work was 32.3 minutes.

geography: 5 mileS

Demographic data © 2012 by Experian


Number of people living in a given area per square mile.

Demographic data © 2012 by Experian.

DEMOGRAPHIC ANALYSIS1801 South Highland AvenueLOS ANGELES, CA


POPULATION DENSITY

PoPulation density



The number of people employed in a given area per square mile.




EMPLOYMENT DENSITY

emPloyment density



Average income of all the people 15 years and older occupying a single housing unit.




AVERAGE HOUSEHOLD INCOME

average HouseHold inCome



Index of the relative risk of crime in a given area.

Crime data © 2012 by Applied Geographic Solutions.



TOTAL CRIME RISK

total Crime risk



traffiC Counts

Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.



TRAFFIC COUNTS

* Traffic Count Estimate



Rick E. RaymundoSenior Managing Director Investments

Senior Director, National Multi Housing Group


(213) 943-1961 Fax(818) 219-6146 Mobile

[email protected]

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Offices Throughout the U.S and Canadawww.MarcusMillichap.com


L O S A N G E L E S C O U N T Y M U L T I F A M I L Y Andres DiazAssociate Member

National Multi Housing Group


(213) 943-1961 Fax(323) 376-2469 Mobile

[email protected]

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1801 SOUTH HIGHLAND AVENUE - LoopNet · 1801 South highland avenue loS angeleS, Ca 90019 investment HigHligHts Great Unit Mix – Almost Entirely Four-, Three-, and Two-Bedroom Units