EME MANSFIELD - LoopNet · 01 25 09 39 17 EXECUTIVE SUMMARY SECTION 1 ... EME Mansfield is just a...
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EME MANSFIELD A 30-UNIT STABILIZED INVESTMENT OPPORTUNITY Offering Memorandum
Transcript of EME MANSFIELD - LoopNet · 01 25 09 39 17 EXECUTIVE SUMMARY SECTION 1 ... EME Mansfield is just a...
EME MANSFIELDA 30-UNIT STABILIZED INVESTMENT OPPORTUNITY
Offering Memorandum
NON-ENDORSEMENT & DISCLAIMER NOTICE
CONFIDENTIALITY & DISCLAIMERThe 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICEMarcus & 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.
EME MANSFIELDA 3 0 - U N I T S TA B I L I Z E D I N V E S T M E N T O P P O R T U N I T Y
O F F I C E S T H R O U G H O U T T H E U . S . & C A N A D A
WWW.MARCUSMILLICHAP.COM
NEEMA AHADIANSenior Vice President Investments
West Los Angeles OfficeCell 310.739.2130
Direct [email protected]
License CA 01346750
LEO LATERZASenior Associate
West Los Angeles OfficeCell 310.703.7724
Direct [email protected]
License CA 01861324
EXCLUSIVELY LISTED BY
YEAR BUILT:1973 / 2017
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EXECUTIVE SUMMARYSECTION 1 Investment Overview • Investment HighlightsSummary of Terms
COMPARABLE PROPERTIESSECTION 4 Sales Comparables • Rent Comparables
PROPERTY DESCRIPTIONSECTION 2 Property Details • Regional Map • Property PhotosMarket Aerial
MARKET OVERVIEWSECTION 5 Location Overview • Location Highlights Demographics
FINANCIAL ANALYSISSECTION 3 Pricing Details • Operating Data • Rent Roll SummaryOperating Statement • Cash Flow
TABLE OF CONTENTS
EXCLUSIVELY LISTED BY:
EME MANSFIELDA 3 0 - U N I T S TA B I L I Z E D I N V E S T M E N T O P P O R T U N I T Y
$0,000FINANCIAL HIGHLIGHT HERE
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, 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. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate
Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACTIVITY ID Z0380331
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EME MANSFIELD
EXECUTIVESUMMARY
OFFERING HIGHLIGHTS
1420 North Mansfield Avenue, Los Angeles, CA 90028
OFFERING PRICE
$12,000,000CAP RATE
4.09%
VITAL DATA
Price $12,000,000
Price/SF $425.71
Cap Rate 4.09%
Price/SF $425.71
Gross Square Feet 28,188
Year Built 1973 / 2017
EME MANSFIELDA 3 0 - U N I T S T A B I L I Z E D I N V E S T M E N T O P P O R T U N I T Y
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THE CURRENT POPULATION WITHIN 1 MILE IS 54.05% MALE
AND 45.95% FEMALE.
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INVESTMENT OVERVIEWEME Mansfield is a 30-unit stabilized investment opportunity located at 1420 Mansfield Avenue in the Hollywood
neighborhood of Los Angeles, California. Hollywood is a prime rental submarket of Los Angeles, known for excellent rent
growth and high occupancy rates. The asset features a good unit mix of 13 one-bedroom/one-bathroom, 14 two-bedroom/
one-bathroom, and three two-bedroom/two-bathroom apartments.
Ownership has completed extensive interior and exterior renovations that included the
complete renovation of 25 units and a roof that was replaced in 2017 as well as new
vertical plumbing. The stabilized asset is currently achieving strong cash-on-cash yields
and is being offered with attractive in-place debt. Investors will have the option to as-
sume in-place financing (3.91 percent with 60 percent loan-to-value fixed until 2023).
The property is well located in a residential pocket in Hollywood, one block south of
Sunset Boulevard and one block west of Highland Avenue. EME Mansfield ranks as a
walker’s paradise, with an impressive Walk Score of 94 because of its location in the
heart of Hollywood and close proximity to major entertainment, shopping, and dining
destinations. The apartment complex is within a 15- to 30-minute drive to employment
centers in West Hollywood, Beverly Hills, Miracle Mile, and Downtown Los Angeles. Fur-
thermore, EME Mansfield is just a 10-minute walk from the Hollywood/Highland Station
along the Metro Red Line, which connects Hollywood to the San Fernando Valley and
Downtown Los Angeles.
30-UNIT STABILIZED
INVESTMENT OPPORTUNITY
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► 30-unit stabilized investment opportunity in the prime Hollywood
apartment rental submarket
► Extensive interior and exterior renovations
► New roof
► New cooper plumbing
► Fully parked (48 spaces)
► Leasing office
► Strong cash-on-cash yields with attractive in-place debt
► Impressive 94 Walk Score with close proximity to major entertainment,
shopping, and dining destinations
► Easy access to nearby employment centers in West Hollywood, Beverly
Hills, Miracle Mile, Downtown Los Angeles
► 10-minute walk to Hollywood/Highland Station along the Metro Red Line
CLOSE PROXIMITY TO MAJOR ENTERTAINMENT,
SHOPPING, AND DINING DESTINATIONS
10-MINUTE WALK TO HOLLYWOOD/HIGHLAND
STATION ALONG THE METRO RED LINE
EXTENSIVE INTERIOR AND
EXTERIOR RENOVATIONS
INVESTMENT HIGHLIGHTS
EME MANSFIELD
SUMMARY OF TERMS
INTEREST OFFEREDMarcus & Millichap has been selected to exclusively market for sale EME Mansfield, a 30-unit multifamily property in the prime
location of Hollywood, California.
TERMS OF SALEEME Mansfield is offered is offered at $12,000,000 based on a capitalization rate of 4.09%. The net operating income figures for
the Property assume a fiscal year starting 2018. Historical operating documentation, third party reports and Argus model can be
found in the online document data portal.
PROPERTY TOURSProspective purchasers are encouraged to visit the subject property prior to submitting offers. However, all property tours must be
arranged with the Marcus & Millichap listing agents. Please do not contact the tenants, on-site management or staff without prior
approval. Property tours must be arranged with the Marcus & Millichap listing agents. At no time shall the tenants, on-site man-
agement or staff be contacted without prior approval.
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AVERAGE EFFECTIVE RENTS FOR MULTIFAMILY APARTMENTS IN 2017
IN THE HOLLYWOOD SUBMARKET WERE ABOUT 14 PERCENT HIGHER
THAN IN THE LOS ANGELES MSA.
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000PROPERTY HIGHLIGHT HERE
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, 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. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate
Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACTIVITY ID Z0380331
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PROPERTYDESCRIPTION
BREA
LA HABRA
FULLERTON
PLACENTIA
BUENAPARK
ANAHEIM
ORANGE
CYPRESSVILLAPARK
STANTON
GARDENGROVEROSSMOOR
SEALBEACH
SANTAANA
WESTMINSTER
HUNTINGTONBEACH
TUSTIN
FOUNTAINVALLEY
SIMIVALLEY
SANTACLARITA
LOS ANGELES
SANFERNANDO
GLENDALE
NORTHRIDGELA
CRESCENTA
PASADENA
LA CANADAFLINTRIDGE
BURBANK
ALTADENA
DUARTE
MONROVIA
GLENDORAARCADIA
SIERRAMADRE
HIDDENHILLS
WESTLAKE
THOUSANDOAKS
NEWBURY PARK
CAMARILLO
OXNARD
VENTURA
OJAI
AGOURAHILLS
SANDIMAS
AZUSA
SANMARINO
SOUTHPASADENA TEMPLE
CITYSANGABRIEL
BEVERLYHILLS ALHAMBRA COVINABALDWIN
PARK
CHARTEROAK
EL MONTE
WESTHOLLYWOOD HOLLYWOOD
ROSEMEADMONTEREY
PARK
WALNUTEAST LOSANGELES
LA PUENTESANTA
MONICAMONTEBELLO
DIAMONDBAR
CULVERCITY
HACIENDAHEIGHTS
POINTDUME PICO
RIVERA
WHITTIERROWLANDHEIGHTS
BELL
MAYWOOD
HUNTINGTONPARK
MARINADEL REY
INGLEWOODBELL
GARDENS
DOWNEY
SOUTHGATEWESTMONT SOUTH
WHITTIERLYNWOOD
HAWTHORNENORWALK
EL SEGUNDO WILLOWBROOK
LA MIRADA
COMPTONPARAMOUNTGARDENA
BELLFLOWERMANHATTAN
BEACH LAWNDALE
REDONDOBEACH
CERRITOS
TORRANCE
CARSON
LONGBEACH
HERMOSABEACH
LOMITA
RANCHO PALOSVERDES
WESTCOVINA
55
55
73
118
118118
23
14
170
101
101
101
101
101
101
101
134134
2
2
110
30
60
60
72
72
57
57
90
42
91
19
19
9191
103
47
22 22
39
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3990
14290
1
1 2
2
1
1
126
126
126
33
1
1
2
2
118118
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27
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1
1
107
1
1
5
5
405
405
405
5
5
5
5
210
210
210
210
210
210
405
405
605
605
10
10
710110
110
110
710
10
105
10
PROPERTY DETAILS
EME MANSFIELD
Property Address 1420 N. Mansfield Ave., Los Angeles, CA 90028
Number of Units 30
Number of Buildings 1
Number of Stories 3
Year Built 1973 / 2017
Gross SF 28,188 SF
Type of Ownership Fee Simple
Parking 48 Spaces
Plumbing Mostly Copper
Appliances Electric
Roof New – 2017
GROSS SF
28,188
PARKING SPACES
48
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BREA
LA HABRA
FULLERTON
PLACENTIA
BUENAPARK
ANAHEIM
ORANGE
CYPRESSVILLAPARK
STANTON
GARDENGROVEROSSMOOR
SEALBEACH
SANTAANA
WESTMINSTER
HUNTINGTONBEACH
TUSTIN
FOUNTAINVALLEY
SIMIVALLEY
SANTACLARITA
LOS ANGELES
SANFERNANDO
GLENDALE
NORTHRIDGELA
CRESCENTA
PASADENA
LA CANADAFLINTRIDGE
BURBANK
ALTADENA
DUARTE
MONROVIA
GLENDORAARCADIA
SIERRAMADRE
HIDDENHILLS
WESTLAKE
THOUSANDOAKS
NEWBURY PARK
CAMARILLO
OXNARD
VENTURA
OJAI
AGOURAHILLS
SANDIMAS
AZUSA
SANMARINO
SOUTHPASADENA TEMPLE
CITYSANGABRIEL
BEVERLYHILLS ALHAMBRA COVINABALDWIN
PARK
CHARTEROAK
EL MONTE
WESTHOLLYWOOD HOLLYWOOD
ROSEMEADMONTEREY
PARK
WALNUTEAST LOSANGELES
LA PUENTESANTA
MONICAMONTEBELLO
DIAMONDBAR
CULVERCITY
HACIENDAHEIGHTS
POINTDUME PICO
RIVERA
WHITTIERROWLANDHEIGHTS
BELL
MAYWOOD
HUNTINGTONPARK
MARINADEL REY
INGLEWOODBELL
GARDENS
DOWNEY
SOUTHGATEWESTMONT SOUTH
WHITTIERLYNWOOD
HAWTHORNENORWALK
EL SEGUNDO WILLOWBROOK
LA MIRADA
COMPTONPARAMOUNTGARDENA
BELLFLOWERMANHATTAN
BEACH LAWNDALE
REDONDOBEACH
CERRITOS
TORRANCE
CARSON
LONGBEACH
HERMOSABEACH
LOMITA
RANCHO PALOSVERDES
WESTCOVINA
55
55
73
118
118118
23
14
170
101
101
101
101
101
101
101
134134
2
2
110
30
60
60
72
72
57
57
90
42
91
19
19
9191
103
47
22 22
39
39
3990
14290
1
1 2
2
1
1
126
126
126
33
1
1
2
2
118118
39
27
27
1
1
107
1
1
5
5
405
405
405
5
5
5
5
210
210
210
210
210
210
405
405
605
605
10
10
710110
110
110
710
10
105
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LOCAL ATTRACTIONS
1. The Library Bar
2. Club DV8 & OHM Nightclub
3. Sound Nightclub
4. Playhouse Hollywood
5. Boulevard3
6. The Room Hollywood
7. Lure Nightclub
8. The Argyle
9. Good Times at Davey Wayne’s
10. Avalon Hollywood
1. Runyon Canyon Park
2. TCL Chinese Theatre
3. El Capitan Theatre
4. Hollywood Bowl
5. Ripley’s Believe It or Not
6. Hollywood Wax Museum
7. Guinness World Records Museum
8. Egyptian Theatre
9. ArcLight Hollywood
10. Hollywood Palladium
1. Ralph’s
2. Ross Dress for Less
3. Off Broadway Shoe Warehouse
4. Ralphs
5. Target, Best Buy, GameStop
6. Staples
7. Urban Outfitters
8. Walgreens
9. Bed Bath & Beyond
10. Trader Joe’s
NIGHTLIFE
ENTERTAINMENT
SHOPPING
101
101
22
Sunset Blvd
N G
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N V
an
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ss Ave
N W
ilton
Pl
N W
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rn A
ve
Vin
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Ca
hu
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Blvd
N H
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N L
a B
rea
Ave
N F
airfa
x Ave
N C
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t He
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ts Blvd
La
Cie
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ga
Blvd
Fountain Ave
Melrose Ave
Hollywood Blvd
Franklin Ave
HOLLYWOODHILLS
HOLLYWOOD
WESTHOLLYWOOD
SUNSET STRIP
FAIRFAX
La
urel Ca
nyon Blv
d
Mull holland dr
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Sunset Blvd
N G
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N V
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ss Ave
N W
ilton
Pl
N W
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rn A
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Vin
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Ca
hu
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ga
Blvd
N H
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lan
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N L
a B
rea
Ave
N F
airfa
x Ave
N C
resc
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t He
igh
ts Blvd
La
Cie
ne
ga
Blvd
Fountain Ave
Melrose Ave
Hollywood Blvd
Franklin Ave
HOLLYWOODHILLS
HOLLYWOOD
WESTHOLLYWOOD
SUNSET STRIP
FAIRFAX
La
urel Ca
nyon Blv
d
Mull holland dr
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1
6
6
6
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4
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N MANSFIELD AVENUE
SUNSET BOULEVARD
N HIGHLAND AVENUE
HOLLYWOOD SIGN
EL CAPITAN THEATRE
EME MANSFIELD
0.00% 0.00%CAP RATE PRO FORMA CAP RATE
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, 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. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate
Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACTIVITY ID Z0380331
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EME MANSFIELD
FINANCIALANALYSIS
PRICING DETAILS
Financing included as assumable debt - 3 years I/O beginning January 2018. Loan information is subject to change. Contact your Marcus and Millichap Capital Corporation representative.
PRICE $12,000,000
Down Payment 39.375% $4,725,000
Number of Units 30
Price Per Unit $400,000
Rentable SqFt 28,188
Price Per SqFt $425.71
Year Built 1973 / 2017
RETURNS CURRENT MARKET
Cap Rate 4.09% 4.84%
GRM 15.51 13.99
Cash-on-Cash 4.37% 6.26%
Debt Coverage Ratio 1.73 2.04
Finanacing 1st Loan
Loan Amount $7,275,000
Loan Type New
Interest Type 3.91%
Amortizaion 30 Years
Year Due 2023
# OF UNITS UNIT TYPE SQFT/UNIT SCHEDULED RENTS MARKET RENTS
13 1 Bed + 1 Bath 793 $1,700 $2,186
14 2 Bed + 1 Bath 838 $2,531 $2,496
3 2 Bed + 2 Bath 978 $2,312 $2,698
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OPERATING DATAINCOME CURRENT MARKET STABILIZATION
Gross Scheduled Rent $773,514 $857,580
Less: Vacancy/Deductions 3.0% $34,005 3.0% $25,727
Total Effective Rental Income $739,508 $831,853
Other Income $3,000 $3,000
Effective Gross Income $742,508 $831,853
Less: Expenses 33.9% $251,360 30.5% $254,487
Net Operating Income $491,148 $580,260
Cash Flow $491,148 $580,260
Debt Service $284,453 $286,212
Net Cash Flow After Debt Service 4.37% $206,696 6.22% $295,808
Principal Reduction $0 $0
Total Return 4.37% $206,696 6.26% $295,808
EXPENSES CURRENT MARKET STABILIZATION
Real Estate Taxes $142,800 $142,800
Insurance $7,440 $7,440
Utilities - Electric & Gas $10,126 $10,126
Utilities - Water & Sewer $11,336 $11,336
Utilities - Phones, Cable & Internet $2,071 $2,071
Trash Removal $8,977 $8,977
Repairs & Maintenance $15,000 $15,000
Contract Services $2,940 $2,940
Marketing & Advertising $750 $750
Payroll $11,332 $11,332
Turnover $2,250 $2,250
RSO/LAHD-SCEP + LLC Fees $2,850 $2,850
Operating Reserves $7,500 $7,500
Management Fee $25,988 $29,220
Total Expenses $251,360 $254,592
Expenses/Unit $8,379 $8,486
Expenses/SF $10.06 $10.19
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INCOME CURRENT MARKET NOTES PER UNIT PER SF
Gross Potential Rent 857,580 857,580 28,586 34.33
Loss / Gain to Lease (84,066) 9.8% 0 0 0.00
Gross Scheduled Rent 773,514 857,580 28,586 43.33
Physical Vacancy (23,205) 3.0% (25,727) 3.0% (858) (1.03)
Economic Vacancy
Non-Revenue Units (10,800) 0 [1] 0 0.00
Total Vacancy ($34,005) 3.0% ($25,727) 3.0% ($858) ($1)
Economic Occupancy 95.60% 97.00%
Effective Rental Income 739,508 831,853 27,728 33.30
Laundry 3,000 3,000 [2] 100 0.12
Total Other Income $3,000 $3,000 $100 $0.12
Effective Gross Income $742,508 $834,853 $27,828 $33.42
OPERATING EXPENSES CURRENT MARKET NOTES PER UNIT PER SF
Real Estate Taxes 142,800 142,800 [3] 4,760 5.72
Insurance 7,440 7,440 [4] 248 0.03
Utilities - Electric & Gas 10,126 10,126 [5] 338 0.41
Utilities - Water & Sewer 11,336 11,336 [6] 378 0.45
Utilities - Phone, Cable & Internet 2,071 2,071 [7] 69 0.08
Trash Removal 8,977 8,977 [8] 299 0.36
Repairs & Maintenance 15,000 15,000 [9] 500 0.60
Contract Services 2,940 2,940 [10] 98 0.12
Marketing & Advertising 750 750 [11] 25 0.03
Payroll 11,332 11,332 [12] 378 0.45
Turnover 2,250 2,250 [13] 75 0.09
RSO/LAHD-SCEP + LLC Fees 2,850 2,850 [14] 95 0.11
Operating Reserves 7,500 7,500 [15] 250 0.30
Management Fee 25,988 3.5% 29,220 3.5% 970 1.17
Total Expenses $251,360 $254,592 $8,483 $10.19
Expenses as % of EGR 33.9% 30.5%
Net Operating Income $491,148 $580,260 $19,246 $23.23
OPERATING STATEMENT
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NOTES TO OPERATING DATA
2 Bed + 2 Bath13%
1 Bed + 1 Bath44%
2 Bed + 1 Bath43%1. On-site management estimated at $900 per month credited towards manager’s, rent
2. Estimated at $250/mo
3. Using Tax Rate of 1.19%
4. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
5. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
6. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
7. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
8. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
9. Repair & Maintenance estimated at $500 per unit per year
10. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
11. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
12. Payroll expenses include Gross Salaries, Payroll Taxes, and Workers Comp
Insurance. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
13. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
14. Based on current P&L Statement (Jan 2018-Apr 2018) Annualized
15. Operating Reserves: Estimated using industry underwriting average of $250 per
unit per year
RENT ROLL SUMMARYSCHEDULED POTENTIAL
UNIT TYPE# OF
UNITSAVG SQ
FEETRENTAL RANGE
AVG RENT
MONTHLYINCOME
AVG RENT
MONTHLYINCOME
1Bed/1Bath 13 793 $882 - $2,230 $1,700 $22,094 $2,186 $28,420
2Bed/1Bath 14 835 $2,350 - $2,645 $2,531 $35,430 $2,496 $34,950
2Bed/2Bath 3 978 $1,485 - $2,800 $2,312 $6,935 $2,698 $8,095
Totals/Weighted Averages 30 940 $2,149 $64,459 $2,382 $71,465
Gross Annualized Rents $773,514 $857,580
UNIT DISTRIBUTION
UNIT RENT
$3,000
$2,500
$2,000
$1,500
$1,000
$500
0
1 Bed + 1 Bath 2 Bed + 1 Bath
UNIT TYPE
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2 Bed + 2 Bath
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RENT ROLL
UNIT UNIT TYPE RENT/MONTH SQUARE FOOTAGE
101 2Bed/1Bath $2,445.00 799
102 2Bed/1Bath $2,445.00 884
103 1Bed/1Bath $983.45 787
104 1Bed/1Bath $962.85 782
105 2Bed/1Bath $2,350.00 875
106 2Bed/1Bath $2,400.00 773
107 2Bed/2Bath $2,650.00 978
108 1Bed/1Bath $2,150.00 802
109 1Bed/1Bath $962.85 775
110 2Bed/1Bath $2,395.00 873
201 2Bed/1Bath $2,585.00 799
202 2Bed/1Bath $2,600.00 884
203 1Bed/1Bath $2,150.00 787
204 1Bed/1Bath $2,030.00 782
205 2Bed/1Bath $2,550.00 875
206 2Bed/1Bath $2,445.00 773
207 2Bed/2Bath $1,485.26 978
208 1Bed/1Bath $2,150.00 802
209 1Bed/1Bath $2,150.00 775
210 2Bed/1Bath $2,635.00 873
301 2Bed/1Bath $2,645.00 799
302 2Bed/1Bath $2,645.00 884
303 1Bed/1Bath $1,053.47 787
304 1Bed/1Bath $2,195.00 782
305 1Bed/1Bath $881.61 875
306 2Bed/1Bath $2,595.00 773
307 2Bed/2Bath $2,800.00 978
308 1Bed/1Bath $2,195.00 802
309 1Bed/1Bath $2,230.00 775
310 2Bed/1Bath $2,695.00 873
Totals $64,459.00 24,984
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$000,000PRICE PER UNIT
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, 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. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate
Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACTIVITY ID Z0380331
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COMPARABLEPROPERTIES
5
PROPERTY NAME SALES PRICEYEAR BUILT
CAP RATE
PRICE/SF
EME MANSFIELD - 1420 N. Mansfield Ave., Los Angeles, CA 90028 $12,000,000 1973/2017 4.09% $425.71
1 1216 Crescent Heights Blvd., West Hollywood, CA 90046 $6,500,000 1950 3.58% $403.43
2 1425 Crescent Heights Blvd., West Hollywood, CA 90046 $8,900,000 1959 N/A $282.43
3 7705 Hampton Ave., Los Angeles, CA 90046 $11,050,000 1963 3.09% $377.89
4 1533 N. Martel Ave., Los Angeles, CA 90046 $15,600,000 1974 2.88% $368.79
5 444-446 N. Oakhurst Dr., Beverly Hills, CA 90210 $10,100,000 1940 1.96% $803.69
6 526 N. Orlando Ave., Los Angeles, CA 90048 $8,250,000 1964 N/A $353.68
SALES COMPARABLES – SUMMARYTHE BIRDSSTREETS
SUNSET STRIP
WESTHOLLYWOOD
WEST
NORMTRIANGLE
TRI-WEST MELROSE
FAIRFAX
HOLLYWOOD
BEVERLY GROVE
N L
aure
l Ave
De Longpre Ave
Sie
rra D
r
Sunset Blvd
N O
live D
r
N F
lore
s St
N S
weetze
r Ave
Have
nhurst D
r
Foutain Ave
Sunset Blvd
N O
akh
urst D
r
Dicks St
Norma Pl
Palm
Ave
Larra
bee S
t
Hanco
ck A
ve
N W
Kno
ll Dr
Hollyway Dr
N D
oheny D
r
Rangely Ave
Dorrington Ave
Ashcroft Ave
Rosewood Ave
Alden Dr
N O
akh
urst D
r
N P
alm
Dr
N M
ap
le D
r
Beverly Blvd
Orland
o A
ve
N N
ilkea D
r
N L
a Jo
lla A
ve
N H
arp
er A
ve
N S
weeatze
r Ave
N F
lore
ss St
N K
ing
s Rd
N O
rland
o A
ve
N C
roft A
ve
Burton Way
N O
rang
e G
rove
Ave
Beverly Blvd
W 4th St
Clinton St
La C
ieneg
a B
lvd
Oakwood AveOakwood Ave
N C
itrus A
ve
N O
rang
e D
r
N D
etro
it St
N F
ulle
r Ave
N M
arte
l Ave
N V
ista S
t
N G
ard
ner S
t
S P
oin
setti P
l S A
lta V
ista B
lvd
W 1st StW 1st St
Rosewood Ave Rosewood Ave Rosewood Ave
GREATERWILSHIRE /HANCOCK
N O
gd
en D
r
W 1st St W 1st St
N V
ista S
t
N G
ard
ner S
t
N A
lta V
ista B
lvdS
Alta
Vista
Blvd
N D
etro
it St
N D
etro
it St
N V
ista S
t
N G
ard
ner S
t
S L
a B
rea A
ve
N C
itrus A
ve
N O
rang
e D
r
N H
ighla
nd
Ave
Clinton St Clinton St Clinton St
N Ju
ne st
N C
hero
kee A
ve
N M
ans�e
ld A
ve
N S
ycam
ore
Ave
N F
orm
osa
Ave
N S
ierra
Bo
nita
Ave
N C
urso
n A
ve
N S
tanle
y Ave
Melrose AveMelrose Pl
Waring Ave Waring Ave Waring Ave Waring Ave
Willoughby AveWilloughby AveWilloughby Ave
Waring Ave
Romaine St Romaine St Romaine St Romaine St
N C
itrus A
ve
N L
a B
rea A
ve
N M
ans�
eld
Ave
Wilc
ox A
ve
Lillia
n W
ay
N L
a Jo
lla A
ve
N H
arp
er A
ve
N S
weeatze
r Ave
N K
ing
s Rd
N O
rland
o A
ve
N S
ierra
Bo
nita
Ave
N C
urso
n A
ve
N S
tanle
y Ave
WestHollywood
N G
enese
e A
ve
N O
gd
en D
r
N G
ard
ner S
t
N P
oin
setta
Pl
N S
ierra
Bo
nita
Ave
N S
pauld
ing
Ave
N F
airfa
c A
ve
N L
as P
alm
asa
Ave
Sew
ard
St
N H
ud
son A
ve
Co
le A
ve
Vin
e S
t
Barton Ave
N R
oss
mo
re A
ve
N M
arte
l Ave
N A
lta V
ista
Blv
d
N F
orm
osa
Ave
N F
orm
osa
Ave
N P
oin
setta
Pl
N F
ulle
r Ave
N F
ulle
r Ave
N M
ans�e
ld A
ve
N H
ighla
nd
Ave
Wilc
ox A
ve
Co
le P
l
Sew
ard
St
N F
airfa
c A
ve
Fountain Ave
Cre
scent H
eig
hts B
oule
vard
De Longpre Ave
Hampton Ave
Lexington Ave
Norton Ave
N H
ayw
orth
Ave
N L
aure
l Ave
Selma Ave
N C
urso
n A
ve
N S
tanle
y Ave
Co
urtn
ey A
ve
Franklin Ave
Sunset Blvd
Santa Monica Blvd
Fountain Ave
Lexington Ave
Hollywood Blvd Hollywood Blvd
Hollywood / Vine
Selma Ave Cassil P
l
Ivar A
ve
Hillside Ave
Yucca St
Schra
der B
lvd
2
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THE BIRDSSTREETS
SUNSET STRIP
WESTHOLLYWOOD
WEST
NORMTRIANGLE
TRI-WEST MELROSE
FAIRFAX
HOLLYWOOD
BEVERLY GROVE
N L
aure
l Ave
De Longpre Ave
Sie
rra D
r
Sunset Blvd
N O
live D
r
N F
lore
s St
N S
weetze
r Ave
Have
nhurst D
r
Foutain Ave
Sunset Blvd
N O
akh
urst D
r
Dicks St
Norma Pl
Palm
Ave
Larra
bee S
t
Hanco
ck A
ve
N W
Kno
ll Dr
Hollyway Dr
N D
oheny D
r
Rangely Ave
Dorrington Ave
Ashcroft Ave
Rosewood Ave
Alden Dr
N O
akh
urst D
r
N P
alm
Dr
N M
ap
le D
r
Beverly Blvd
Orland
o A
ve
N N
ilkea D
r
N L
a Jo
lla A
ve
N H
arp
er A
ve
N S
weeatze
r Ave
N F
lore
ss St
N K
ing
s Rd
N O
rland
o A
ve
N C
roft A
ve
Burton Way
N O
rang
e G
rove
Ave
Beverly Blvd
W 4th St
Clinton St
La C
ieneg
a B
lvd
Oakwood AveOakwood Ave
N C
itrus A
ve
N O
rang
e D
r
N D
etro
it St
N F
ulle
r Ave
N M
arte
l Ave
N V
ista S
t
N G
ard
ner S
t
S P
oin
setti P
l S A
lta V
ista B
lvd
W 1st StW 1st St
Rosewood Ave Rosewood Ave Rosewood Ave
GREATERWILSHIRE /HANCOCK
N O
gd
en D
r
W 1st St W 1st St
N V
ista S
t
N G
ard
ner S
t
N A
lta V
ista B
lvdS
Alta
Vista
Blvd
N D
etro
it St
N D
etro
it St
N V
ista S
t
N G
ard
ner S
t
S L
a B
rea A
ve
N C
itrus A
ve
N O
rang
e D
r
N H
ighla
nd
Ave
Clinton St Clinton St Clinton St
N Ju
ne st
N C
hero
kee A
ve
N M
ans�e
ld A
ve
N S
ycam
ore
Ave
N F
orm
osa
Ave
N S
ierra
Bo
nita
Ave
N C
urso
n A
ve
N S
tanle
y Ave
Melrose AveMelrose Pl
Waring Ave Waring Ave Waring Ave Waring Ave
Willoughby AveWilloughby AveWilloughby Ave
Waring Ave
Romaine St Romaine St Romaine St Romaine St
N C
itrus A
ve
N L
a B
rea A
ve
N M
ans�
eld
Ave
Wilc
ox A
ve
Lillia
n W
ay
N L
a Jo
lla A
ve
N H
arp
er A
ve
N S
weeatze
r Ave
N K
ing
s Rd
N O
rland
o A
ve
N S
ierra
Bo
nita
Ave
N C
urso
n A
ve
N S
tanle
y Ave
WestHollywood
N G
enese
e A
ve
N O
gd
en D
r
N G
ard
ner S
t
N P
oin
setta
Pl
N S
ierra
Bo
nita
Ave
N S
pauld
ing
Ave
N F
airfa
c A
ve
N L
as P
alm
asa
Ave
Sew
ard
St
N H
ud
son A
ve
Co
le A
ve
Vin
e S
t
Barton Ave
N R
oss
mo
re A
ve
N M
arte
l Ave
N A
lta V
ista
Blv
d
N F
orm
osa
Ave
N F
orm
osa
Ave
N P
oin
setta
Pl
N F
ulle
r Ave
N F
ulle
r Ave
N M
ans�e
ld A
ve
N H
ighla
nd
Ave
Wilc
ox A
ve
Co
le P
l
Sew
ard
St
N F
airfa
c A
ve
Fountain Ave
Cre
scent H
eig
hts B
oule
vard
De Longpre Ave
Hampton Ave
Lexington Ave
Norton Ave
N H
ayw
orth
Ave
N L
aure
l Ave
Selma Ave
N C
urso
n A
ve
N S
tanle
y Ave
Co
urtn
ey A
ve
Franklin Ave
Sunset Blvd
Santa Monica Blvd
Fountain Ave
Lexington Ave
Hollywood Blvd Hollywood Blvd
Hollywood / Vine
Selma Ave Cassil P
l
Ivar A
ve
Hillside Ave
Yucca St
Schra
der B
lvd
2
6
4
1
2
3
EME MANSFIELD
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1216 CRESCENT HEIGHTS BLVD.West Hollywood, CA 90046
1420 N. MANSFIELD AVE.Los Angeles, CA 90028
1
SALES COMPARABLES
SALES PRICE $12,000,000
Sale Date N/A
Year Built 1973 / 2017
Cap Rate 4.09%
Price Per SF $425.71
SALES PRICE $6,500,000
Sale Date 03/01/2016
Year Built 1950
Cap Rate 3.58%
Price Per SF $403.43
ADDITIONAL INFO
Number of Units 30
Building SF 28,188 SF
Price/Unit $400,000
ADDITIONAL INFO
Number of Units 19
Building SF 16,112 SF
Price/Unit $342,105
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7705 HAMPTON AVE.Los Angeles, CA 90046
1425 CRESCENT HEIGHTS BLVD.West Hollywood, CA 90046
32
SALES PRICE $8,900,000
Sale Date 09/17/2015
Year Built 1959
Cap Rate N/A
Price Per SF $282.43
SALES PRICE $11,050,000
Sale Date 12/28/2017
Year Built 1963
Cap Rate 3.09%
Price Per SF $377.89
ADDITIONAL INFO
Number of Units 24
Building SF 31,512 SF
Price/Unit $370,833
ADDITIONAL INFO
Number of Units 30
Building SF 29,241 SF
Price/Unit $368,333
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444-446 N. OAKHURST DR.Beverly Hills, CA 90210
1533 N. MARTEL AVE.Los Angeles, CA 90028
54
SALES COMPARABLES
SALES PRICE $15,600,000
Sale Date 12/20/2016
Year Built 1974
Cap Rate 2.88%
Price Per SF $368.79
SALES PRICE $10,100,000
Sale Date 06/18/2015
Year Built 1940
Cap Rate 1.96%
Price Per SF $803.69
ADDITIONAL INFO
Number of Units 39
Building SF 42,300 SF
Price/Unit $400,000
ADDITIONAL INFO
Number of Units 22
Building SF 12,567 SF
Price/Unit $459,091
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526 N. ORLANDO AVE.Los Angeles, CA 90048
6
SALES PRICE $8,250,000
Sale Date 03/17/2015
Year Built 1964
Cap Rate N/A
Price Per SF $353.68
ADDITIONAL INFO
Number of Units 19
Building SF 23,326 SF
Price/Unit $434,211
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LEASE COMPARABLES – OVERVIEW
PROPERTY NAMENO. OF UNITS
PRICE SF PRICE/SF
EME MANSFIELD - 1420 N. Mansfield Ave. Los Angeles, CA 90028 30 $2,149 N/A N/A
1 1460 Mansfield Ave. Los Angeles, CA 90028 38 $2,250 966 $2.33
2 1318 N. Mansfield Ave. Los Angeles, CA 90028 32$2,295$2,795
700900
$3.28$3.11
3 1320 N Alta Vista Blvd. Los Angeles, CA 90046 16 $2,850 850 $3.35
4 7125 Delonpre Ave. Los Angeles, CA 90046 48$2,025$2,280
800950
$2.53$2.40
5 7230 Franklin Ave. Los Angeles, CA 90028 80$2,395$2,495$2,995
750825905
$3.19$3.02$3.31
6 7020 Lanewood Ave. Los Angeles, CA 90028 48 $2,700 1,250 $2.16
7 1839 Grace Ave. Los Angeles, CA 90028 12 $2,850 1,175 $2.43
8 1851 Ivar Ave. Los Angeles, CA 90028 45 $2,420 N/A N/A
101
101
22
Sunset Blvd
N G
ow
er S
t
N V
an
Ne
ss Ave
N W
ilton
Pl
N W
este
rn A
ve
Vin
e S
t
Ca
hu
en
ga
Blvd
N H
igh
lan
d A
ve
N L
a B
rea
Ave
N F
airfa
x Ave
N C
resc
en
t He
igh
ts Blvd
La
Cie
ne
ga
Blvd
Fountain Ave
Melrose Ave
Hollywood Blvd
Franklin Ave
HOLLYWOODHILLS
HOLLYWOOD
WESTHOLLYWOOD
SUNSET STRIP
FAIRFAX
La
urel Ca
nyon Blv
d
Mull holland dr
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101
101
22
Sunset Blvd
N G
ow
er S
t
N V
an
Ne
ss Ave
N W
ilton
Pl
N W
este
rn A
ve
Vin
e S
t
Ca
hu
en
ga
Blvd
N H
igh
lan
d A
ve
N L
a B
rea
Ave
N F
airfa
x Ave
N C
resc
en
t He
igh
ts Blvd
La
Cie
ne
ga
Blvd
Fountain Ave
Melrose Ave
Hollywood Blvd
Franklin Ave
HOLLYWOODHILLS
HOLLYWOOD
WESTHOLLYWOOD
SUNSET STRIP
FAIRFAX
La
urel Ca
nyon Blv
d
Mull holland dr
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8
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EME MANSFIELD
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LEASE COMPARABLES
1460 MANSFIELD AVE.Los Angeles, CA 90028
1
38 TOTAL UNITS
1989 YEAR BUILT
AMENITIES
Unit: Central Air, Open Floor Kitchen, Fireplace, Skylight, Fridge/Stove/Dishwasher, Cats Ok, Dogs Not Allowed Property: On-Site Laundry, Intercom-Access Building, Parking (extra space only $50/month when available), and Elevator
UNIT TYPE SQFT RENT RENT/SF
2+1.5 966 $2,250 $2.33
32 TOTAL UNITS
1988 YEAR BUILT
AMENITIES
Unit: Air Conditioning, Cats Allowed, Ceiling Fan, Dishwasher, Flooring: Carpet, Heating: Electric, Microwave Oven, Oven, Patio Balcony, Range, Refrigerator Property: Attached Garage, Garbage Disposal, Security: Controlled Access, Underground Garage
1318 N. MANSFIELD AVE.Los Angeles, CA 90028
2
UNIT TYPE SQFT RENT RENT/SF
1+1 700 $2,295 $3.28
2+2 900 $2,795 $3.11
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16 TOTAL UNITS
1939 YEAR BUILT
AMENITIES
Unit: Oversized closet that could double as small office, Fireplace mantel, Original tile in kitchen and bathrooms, Cats and Dogs allowed. Water included in rent Property: Garage, Shared laundry , Two furnished decks (shared)
1320 N. ALTA VISTA BLVD.Los Angeles, CA 90046
3
UNIT TYPE SQFT RENT RENT/SF
1+1 850 $2,850 $3.35
7125 DELONPRE AVE.Los Angeles, CA 90046
4
48 TOTAL UNITS
1987 YEAR BUILT
AMENITIES
Unit: Air Conditioning, Dishwasher, Fireplace, Microwave Oven, Remodeled Bathrooms*, Some Utilities Included*, Walk-In Closets* Property: Courtyard, Elevator, Fitness Center, Gated Parking, Laundry: Shared,On-Site Management, Security Cameras, Security: Gated Entry, and Walk-In Closets*
UNIT TYPE SQFT RENT RENT/SF
1+1 800 $2,025 $2.53
2+2 950 $2,280 $2.40
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LEASE COMPARABLES
7230 FRANKLIN AVE.Los Angeles, CA 90028
5
80 TOTAL UNITS
1974 YEAR BUILT
AMENITIES
Unit: Gourmet kitchen with stainless appliances, large balconies, gas fire places (select units), flat screen TVs (select units), central AC. Large closets, in suite washer and dryer Property: Large gym, outdoor pool and spa, and business center.
UNIT TYPE SQFT RENT RENT/SF
1+1 750 $2,395 $3.19
1+1 + Den 825 $2,495 $3.02
2+1 905 $2,995 $3.31
48 TOTAL UNITS
1987 YEAR BUILT
AMENITIES
Unit: New wood floors, new stone counter-tops, upgraded appliances and and fixtures and new draperies. Featuring 2 Fireplaces and 2 large walk-in closets. Owner pays for gas, water, hot water, sewer, and trash removal. Two dedicated parking spots included.
7020 LANEWOOD AVE.Los Angeles, CA 90028
6
UNIT TYPE SQFT RENT RENT/SF
2+2 1250 $2,700 $2.16
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45 TOTAL UNITS
12 TOTAL UNITS
1930 YEAR BUILT
1927 YEAR BUILT
AMENITIESUnit: 24 Hour Maintenance, All Paid Utilities, Availability 24 Hours, Ceiling Fan, Gas Range, Hardwood Flooring, Refrigerator, Spacious Walk-In Closet, Stove.
AMENITIES
Unit:Wood Burning fireplace, Hardwood Floors, new flooring in both Bathrooms, Kitchen, and Dining Room. You have 10 foot ceilings, Crown Molding, Double-sided Kitchen Stainless sink, Dishwasher, new Range and Microwave built-in, big Refrigerator, a Separate Dining room. Property: One parking space and remote control entry. On-site laundry.
1851 IVAR AVE.Los Angeles, CA 90028
1839 GRACE AVE.Los Angeles, CA 90028
77
UNIT TYPE SQFT RENT RENT/SF
1+1 N/A $2,420 N/A
UNIT TYPE SQFT RENT RENT/SF
2+2 1175 $2,850 $2.43
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000,000TOTAL POPULATION WITHIN 5-MILE RADIUS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, 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. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate
Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACTIVITY ID Z0380331
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EME MANSFIELD
MARKETOVERVIEW
LOCATION OVERVIEWLocated just northwest of Downtown Los Angeles, EME Mansfield is in the heart of
Hollywood, the renowned “entertainment capital of the world.” This iconic neighbor-
hood was the original movie capital of the world and has grown into a bustling entertain-
ment district with world-class shopping, dining, and tourist attractions as well. In recent
years developers have transformed the area into a mixed-use community for people to
live, work, and play.
Entertainment Capital of the World
The history of movie production in Hollywood dates back to the early 1900s, exemplified
by landmarks such as the Egyptian and Chinese Theaters. While many studios have re-
located to neighboring communities such as Studio City and Burbank, the neighborhood
remains a primary location for pre- and post-production processes. Today, Hollywood is
renowned for its tourist attractions, which draw more than 25 million visitors annually.
The famed Sunset and Hollywood boulevards offer visitors an endless array of entertain-
ment and historic destinations, including the Hollywood and Highland complex, the El
Capitan Theatre, the Pantages Theatre, the Hollywood Walk of Fame, and a variety of
trendy restaurants and nightclubs. Other attractions in the area feature the Hollywood
Bowl, Runyon Canyon, and the Griffith Observatory. Many of these destinations are within walking distance of EME Mansfield, which ranks
as a walker’s paradise with an impressive Walk Score of 94.
Proximity to Public Transportation
One of the catalysts behind Hollywood’s resurgence as a global destination was the opening of the Metro Red Line subway that connected
the San Fernando Valley and Downtown Los Angeles in 1999. Stations along the Red Line were paramount in Hollywood’s revitalization,
leading to transit oriented developments such as the Hollywood and Highland complex and mixed-use projects near Hollywood Boulevard
and Vine. The Hollywood and Highland station along the subway line is only a 10-minute walk from EME Mansfield. The Red Line had an
estimated ridership of more than 140,000 in 2017, the most of any rail line in Los Angeles.
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EME MANSFIELDA 3 0 - U N I T S T A B I L I Z E D I N V E S T M E N T O P P O R T U N I T Y
LOCATION HIGHLIGHTS
► Entertainment capital of the world, with famed entertainment,
shopping, and retail destinations in close proximity to EME
Mansfield—Walk Score of 94
► Notable landmarks and destinations include TCL Chinese Theatre,
Hollywood & Highland, the Pantages Theatre, and the Hollywood Bowl
► Hollywood attracts more than 25 million visitors annually
► Metro Red Line subway has been a catalyst for growth, connecting
Hollywood to San Fernando Valley and Downtown Los Angeles
► Development activity highlighted by mixed-use apartment complexes
and luxury hotels
► New job opportunities as corporations move to recently completed
office developments
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RUNYON CANYON
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HOLLYWOOD HILLS
RUNYON CANYON
WESTHOLLYWOOD
HOLLYWOOD BOULEVARD
SUNSET BOULEVARD
FAIRFAX AVENUE
DOWNTOWN HOLLYWOOD
EME MANSFIELD
FOUNTAIN AVENUE
HOLLYWOOD HIGH SCHOOL
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DEMOGRAPHICS HIGHLIGHTS
952,339
$88,672 408,123
TOTAL POPULATION WITHIN 5-MILES
AVERAGE HOUSEHOLD INCOME WITHIN 5-MILES
TOTAL HOUSEHOLDS WITHIN 5-MILES
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POPULATION 1 MILE 3 MILES 5 MILES
2022 ProjectionTotal Population
56,445 359,481 955,820
2017 EstimateTotal Population
56,359 357,247 952,339
2010 CensusTotal Population
51,544 335,125 903,454
2000 CensusTotal Population
55,393 348,832 926,925
Daytime PopulationsTotal Population
72,712 380,911 953,454
HOUSEHOLDS 1 MILE 3 MILES 5 MILES
2022 ProjectionTotal Households
33,471 177,524 415,670
2017 EstimateTotal Households Average (Mean) Household Size
32,8531.7
174,1852.01
408,1232.29
2010 CensusTotal Households
29,749 161,669 383,315
2000 CensusTotal Households
29,831 161,795 380,939
Growth 2015 - 2020 1.88% 1.92% 1.85%
HOUSING UNITS 1 MILE 3 MILES 5 MILES
Occupied Units
2022 Projection 33,471 177,524 415,670
2017 Estimate 34,223 180,430 423,757
Owner Occupied 3,675 35,254 92,265
Renter Occupied 29,177 138,931 315,858
Vacant 1,370 6,245 15,634
Persons In Units
2017 Estimate Total
Occupied Units32,853 174,185 408,123
1 Person Units 54.58% 45.20% 38.54%
2 Person Units 31.18% 30.82% 29.52%
3 Person Units 8.08% 11.22% 13.25%
4 Person Units 3.89% 7.37% 9.76%
5 Person Units 1.34% 3.11% 4.79%
6+ Person Units 0.93% 2.27% 4.14%
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
2017 Estimate
$200,000 or More 5.67% 9.29% 8.33%
$150,000 - $199,000 3.79% 5.18% 4.92%
$100,000 - $149,000 9.93% 12.01% 11.22%
$75,000 - $99,999 9.51% 10.27% 9.87%
$50,000 - $74,999 16.57% 16.00% 15.78%
$35,000 - $49,999 12.64% 11.68% 12.40%
$25,000 - $34,999 9.57% 8.99% 10.08%
$15,000 - $24,999 11.44% 11.09% 12.14%
Under $15,000 20.87% 15.49% 15.25%
Average Household Income $73,952 $94,015 $88,672
Median Household Income $43,744 $54,005 $50,175
Per Capita Income $43,621 $46,184 $38,282
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
Population By Age
2017 Estimate Total Population 56,359 357,247 952,339
Under 20 9.33% 14.79% 18.96%
20 - 34 Years 38.19% 29.69% 27.57%
35 - 39 Years 10.51% 9.55% 8.75%
40 - 49 Years 15.37% 15.89% 15.13%
50 - 64 Years 14.60% 17.43% 17.35%
Age 65+ 11.98% 12.65% 12.26%
Median Age 36.06 37.8 36.9
Population 25+ by Education Level
2017 Estimate Population Age 25+ 46,289 280,692 707,427
Elementary (0-8) 3.52% 5.28% 9.10%
Some High School (9-11) 4.16% 5.60% 7.58%
High School Graduate (12) 12.21% 14.26% 16.70%
Some College (13-15) 20.14% 17.53% 17.14%
Associate Degree Only 7.06% 5.78% 5.51%
Bachelors Degree Only 37.43% 34.52% 28.35%
Graduate Degree 14.17% 14.96% 12.81%
Population by Gender
2017 Estimate Total Population 56,359 357,247 952,339
Male Population 54.05% 51.45% 50.58%
Female Population 45.95% 48.55% 49.42%
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EME MANSFIELD
E X C L U S I V E LY L I S T E D B Y
NEEMA AHADIANSenior V ice President InvestmentsWest Los Angeles Off iceCel l 310.739.2130 Direct 310.909.5444neema.ahadian@marcusmil l ichap.comLicense CA 01346750
LEO LATERZASenior AssociateWest Los Angeles Off iceCel l 310.703.7724 Direct 310.909.2372leonardo. laterza@marcusmil l ichap.comLicense CA 01861324
