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712 East Walnut Street • Pasadena, CA 91101

Market Positioning and Pricing Analysis

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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and 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 andshould 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, unverifiedinformation 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 duediligence 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, thefuture 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 orasbestos, 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 anytenant'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 bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify 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.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary,especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence onbehalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus &Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage otherprofessionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro formafinancial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections,analyses, and decision-making.

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 orname 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.

THE ENCOREPasadena, CAACT ID ZAB0120677

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E X C L U S I V E L Y L I S T E D B Y :

Gayle Factor

First Vice President InvestmentsDirector - National Multi Housing GroupEncino OfficeTel: (818) 212-2756Fax: (818) [email protected]: CA 01066258

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TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Property Photos

Property Description

Regional Map

Local Map

Aerial Photo

FINANCIAL ANALYSIS 02

Rent Roll Summary

Rent Roll Detail

Rent Roll Summary Commercial

Operating Statement

Pricing Detail

Acquisition Financing

MARKET COMPARABLES 03

Sales Comparables

Rent Comparables

MARKET OVERVIEW 04

Demographic Analysis

4

5

INVESTMENT

OVERVIEW

#

EXECUTIVE SUMMARY

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES

Jet Propulsion Laboratory 6,000

Operations/Risk Group 5,315

Jacobs Engineering Company 4,000

Caltech 3,517

Hudson Gardens 3,400

Blue Chip Stamps 3,074

Saint Elizabeth Church 2,800

Stater Bros Holdings Inc 2,115

Huntington Memorial Hospital 2,105

Feihe International Inc 1,932

Pasadena City College 1,600

Parsons Wtr Infrastructure Inc 1,522

DEMOGRAPHICS

3-Miles

2019 Estimate Pop 192,251

2010 Census Pop 182,518

2019 Estimate HH 76,936

2010 Census HH 71,995

Median HH Income $82,121

Per Capita Income $51,576

Average HH Income $127,899

VITAL DATA

CURRENT PROFORMA

Price $17,450,000 CAP Rate 3.88% 3.97%

Down Payment 100% / $17,450,000 Net Operating Income $677,859 $692,486

Multifamily – Approx. Gross SqFt 32,178

Commercial – Approx. Rentable SqFt 2,915

Price/Unit $581,667

Price/SF $497.25

Year Built 2004

6

UNIT MIX

UNIT COUNT

UNIT TYPEAPPROX.AVG. SF

CURRENT AVG. RENTS

AVG. RENTS/SF

MONTHLY INCOME

POTENTIAL RENTS

AVG. RENTS/SF

MONTHLYINCOME

21 Two-Bed/Two-Bath 1,068 $2,748 $2.57 $57,718 $2,779 $2.60 $58,358

7 Three-Bed/Two-Bath 1,379 $3,171 $2.30 $22,195 $3,257 $2.36 $22,800

SUITE COUNT

TYPE TOTAL GLA CURRENT RENT RANGECURRENT MONTHLY

INCOMEPRO FORMA

MONTHLY INCOME

2 Commercial/Retail 2,915 $3,399 - $3,825 $7,224 $7,288

Total square footage of 35,093 sq. ft. based on public record. Aggregate unit square footage of 34,999 sq. ft. based on the Seller's rent roll. Buyer to confirm accuracy of aggregate unit square footage.

PROPERTY PHOTO

7

PROPERTY PHOTOS

8

PROPERTY PHOTOS

9

OFFERING SUMMARY

Built 2004

Prime Pasadena Location, located in the Playhouse District of Pasadena and minutes

away from Old Town Pasadena

Great Unit Mix

In-Unit Washer/Dryer and most of the apartments have a balcony

24 out of the 28 apartments have been renovated

Located a few blocks away from restaurants, shops and entertainment on Colorado

Boulevard

INVESTMENT HIGHLIGHTS

INVESTMENT OVERVIEW

The Encore is an irreplaceable 28-unit apartment building plus two commercial/retail units on the ground floor located at 712 East Walnut Street, Pasadena, CA 91101.

The property was built in 2004 and is located on the southwest corner of East Walnut Street and North Oak Knoll Avenue, in the Playhouse District of Pasadena. The

Encore is located a few blocks away from restaurants, shops and entertainment on Colorado Boulevard and minutes away from Old Town Pasadena.

The unit mix consists of 21 two-bedroom/two-bathroom units, 7 three-bedroom/two-bathroom units and two commercial/retail units. Per the Seller, 24 out of the 28

apartments have been renovated with stainless steel appliances, vinyl plank flooring in the kitchen, bathrooms, living room and hallways and carpet in the bedrooms and

closets, 4 inch baseboards, paint, fixtures, quartz counter tops in the kitchen and the bathrooms, shaker style cabinets with pulls and newer side by side washer and

dryer. All of the apartments have in-unit washer/dryer and most of the apartments have a balcony. The building has an elevator, central air and heat, gated parking and an

interior courtyard. Per the Seller, the exterior of the building has newer paint. There are 64 parking spaces, 42 single spaces (residential), 6 tandem (residential), 8 (retail),

and 2 handicap.

Two of the Below-Market-Rate (BMR) tenants will terminate in May 2025 giving the new owner significant upside upon expiration. Buyer to verify which Below-Market-Rate

(BMR) tenants terminate in 2025.

There is a Condo Tract Map on the property. (Buyer to verify)

Properties like The Encore don’t come around for sale that often in a prime location of Pasadena.

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REGIONAL MAP

11

LOCAL MAP

12

AERIAL PHOTO

13

Subject Property

Old Town Pasadena

AERIAL PHOTO

14

15

FINANCIAL

ANALYSIS

FINANCIAL ANALYSISRENT ROLL SUMMARY

16

As of June 2020

Multifamily Scheduled Potential

# of

Approx.

Avg Sq Rental Average Average Monthly Average Average Monthly

Unit Type Units Feet Range Rent Rent / SF Income Rent Rent / SF Income

Two-Bed/Two-Bath 19 1,063 $2,650 - $3,250 $2,916 $2.74 $55,410 $2,950 $2.77 $56,050

Two-Bed/Two-Bath BMR 2 1,116 $1,058 - $1,250 $1,154 $1.03 $2,308 $1,154 $1.03 $2,308

Three-Bed/Two-Bath 6 1,388 $3,325 - $3,450 $3,399 $2.45 $20,395 $3,500 $2.52 $21,000

Three-Bed/Two-Bath BMR 1 1,322 $1,800 - $1,800 $1,800 $1.36 $1,800 $1,800 $1.36 $1,800

Totals/Weighted Averages 28 1,146 $2,854 $2.49 $79,913 $2,899 $2.53 $81,158

Gross Annualized Rents $958,956 $973,896


The unit rent graph is based on the market rate units and does not include the BMR units.

FINANCIAL ANALYSIS

17

RENT ROLL DETAILAs of June 2020

Current Current Scheduled Scheduled Potential Potential

Approx.

Square Rent / Rent / SF/ Rent / Rent / SF/ Rent / Rent/ SF/

Unit Unit Type Feet Month Month Month Month Month Month

201 Two-Bed/Two-Bath BMR 1,064 $1,250 $1.17 $1,250 $1.17 $1,250 $1.17

202 Two-Bed/Two-Bath 1,110 $2,795 $2.52 $2,795 $2.52 $2,950 $2.66

203 Two-Bed/Two-Bath BMR 1,168 $1,058 $0.91 $1,058 $0.91 $1,058 $0.91

204 Two-Bed/Two-Bath 954 $2,815 $2.95 $2,815 $2.95 $2,950 $3.09

205 Three-Bed/Two-Bath 1,322 $3,325 $2.52 $3,325 $2.52 $3,500 $2.65

206 Two-Bed/Two-Bath 1,014 $2,795 $2.76 $2,795 $2.76 $2,950 $2.91

207 Two-Bed/Two-Bath 1,014 $3,050 $3.01 $3,050 $3.01 $2,950 $2.91

301 Two-Bed/Two-Bath 1,064 $2,995 $2.81 $2,995 $2.81 $2,950 $2.77

302 Two-Bed/Two-Bath 1,110 $3,050 $2.75 $3,050 $2.75 $2,950 $2.66

303 Two-Bed/Two-Bath 1,168 $2,995 $2.56 $2,995 $2.56 $2,950 $2.53


305 Three-Bed/Two-Bath BMR 1,322 $1,800 $1.36 $1,800 $1.36 $1,800 $1.36

306 Two-Bed/Two-Bath 1,014 $2,995 $2.95 $2,995 $2.95 $2,950 $2.91

307 Two-Bed/Two-Bath Vacant 1,014 Projected $2,950 $2.91 $2,950 $2.91 $2,950 $2.91

401 Two-Bed/Two-Bath 1,064 $2,975 $2.80 $2,975 $2.80 $2,950 $2.77

402 Two-Bed/Two-Bath 1,110 $2,650 $2.39 $2,650 $2.39 $2,950 $2.66

403 Two-Bed/Two-Bath 1,168 $2,875 $2.46 $2,875 $2.46 $2,950 $2.53



406 Two-Bed/Two-Bath 1,014 $2,875 $2.84 $2,875 $2.84 $2,950 $2.91

407 Two-Bed/Two-Bath 1,014 $2,750 $2.71 $2,750 $2.71 $2,950 $2.91

501 Two-Bed/Two-Bath Manager 1,064 $3,250 $3.05 $3,250 $3.05 $2,950 $2.77

502 Two-Bed/Two-Bath Vacant 1,110 Projected $2,950 $2.66 $2,950 $2.66 $2,950 $2.66

503 Two-Bed/Two-Bath 1,168 $2,900 $2.48 $2,900 $2.48 $2,950 $2.53



506 Two-Bed/Two-Bath 1,014 $2,895 $2.86 $2,895 $2.86 $2,950 $2.91

507 Two-Bed/Two-Bath 1,014 $2,850 $2.81 $2,850 $2.81 $2,950 $2.91

Total **Approx.

Square Feet: 32,084

$79,913 $2.49 $79,913 $2.49 $81,158 $2.53

*Two of the BMR tenants terminate in May 2025. Buyer to verify which BMR tenants terminate in May 2025.

**Total square footage of 35,093 sq. ft. based on public record. Aggregate unit square footage of 34,999 sq. ft. based on the seller's rent roll. Buyer to confirm accuracy of aggregate unit square footage.

FINANCIAL ANALYSIS

18

RENT ROLL SUMMARY

As of June 2020

Commercial %

Approx.

Square BldgRent per

Total Rent

Tenant Name TypeSuite

Feet ShareLease Term Sq. Ft. Per Month

Bisous Bisous De Beaute Commercial/Retail 722 1,540 4.39% 03/01/2020 to 02/28/2026 $29.81 $3,825

OsteoStrong Commercial/Retail 704 1,375 3.92% 05/01/2019 to 07/31/2024 $29.66 $3,399

Total 2 2,915 $7,224

Occupancy Commercial/Retail: 100.00%

Total Annualized Rent 2 $86,688


FINANCIAL ANALYSISOPERATING STATEMENT

19

Please Note:*These expenses are estimated.Real Estate Taxes are estimated.

FINANCIAL ANALYSISPRICING DETAIL

20

Summary Operating Data

Price $17,450,000

Down Payment $17,450,000 100% Income Current ProForma

# of Apartment Units 28 Multifamily

# of Commercial Suites 2 Gross Scheduled Rent $958,956 $973,896

Price Per Unit $581,667

Price Per SqFt $497.25 RUBS, Parking, Storage, Pet Fee $23,493 $23,493

Lot Size 15,481 Vacancy 3.0% ($28,769) 3.0% ($29,217)

Multifamily – Approx. Gross SqFt 32,178 Effective Gross Income $953,681 $968,172

Commercial – Approx. Rentable SqFt 2,915

Approx. Year Built 2004 Commercial/Retail

Gross Scheduled Rent $86,688 $87,456

Current ProForma Expense Reimbursements $0 $0

CAP Rate 3.88% 3.97% CAM $17,250 $17,250

Cash-on-Cash 3.88% 3.97% Vacancy 3.0% ($2,601) 3.0% ($2,624)

Debt Coverage Ratio 0.00 0.00 Effective Gross Income $101,337 $102,082

Financing 1st Loan Combined Effective Gross Income (CEGI) $1,055,018 $1,070,255

Loan Amount $0 Less: Expenses ($377,159) ($377,769)

Loan Type New Loan Net Operating Income $677,859 $692,486

Loan information is subject to change. Contact your Marcus & Millichap Capital Corporation representative.

# Of Suites Type GLA Current Rent Pro Forma Rent

2 Commercial /Retail 2,915 $7,224 $7,288

Expenses Current ProForma

Real Estate Taxes $184,275 $184,275

# Of Units Unit Type Approx. SqFt/Unit Current Rents Market Rents Insurance $11,148 $11,148

21 Two-Bed/Two-Bath 1,068 $2,748 $2,779 Utilities - Combined $42,204 $42,204

7 Three-Bed/Two-Bath 1,379 $3,171 $3,257 Operating Expenses - Combined $139,533 $140,142

Total Expenses $377,159 $377,769

Expenses/SF $11.72 $11.74

Please Note:*Some of the expenses are estimated.Real Estate Taxes are estimated.


MARCUS & MILLICHAP ADVANTAGE

MARCUS & MILLICHAP CAPITAL

CORPORATION CAPABILITIES

MMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and terms.

We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options.

Our dedicated, knowledgeable experts understand the challenges of financingand work tirelessly to resolve all potential issues for the benefit of our clients.

Optimum financing solutions to

enhance value

Enhanced control through

investor qualification support


MMCC’s ability to qualify

investor finance contingencies


MMCC’s ability to monitor

investor/due diligence and

underwriting to ensure timely,

predictable closings


quickly identifying potential

debt/equity sources,

processing, and closing

buyer’s finance alternatives

WHY MMCC?

National platform

operating

within the firm’s

brokerage offices

$ 7.18 billion

total national

volume in 2019

Access to

more capital

sources than

any other firm

in the industry

Closed 1,994

debt and equity

financings

in 2019

21

22

MARKET

COMPARABLES

SALES COMPARABLES MAP

23

THE ENCORE

(SUBJECT)

Doran Street Lofts

4309 Dixie Canyon Avenue

11048 La Maida Street

5727 La Mirada Avenue

Orange 12

The Metropolitan at Larchmont Village

SALES COMPARABLES

1

2

3

4

5

6

24

PROPERTY NAME

SALES COMPARABLES

Avg. 3.83%

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

The encore DoranStreetLofts

4309 DixieCanyonAvenue

11048 LaMaidaStreet

5727 LaMiradaAvenue

Orange 12 TheMetropolitanat Larchmont

Village

Average Cap Rate

Avg. $474.93

$0.00

$60.00

$120.00

$180.00

$240.00

$300.00

$360.00

$420.00

$480.00

$540.00

$600.00

The encore DoranStreetLofts

4309 DixieCanyonAvenue

11048 LaMaidaStreet

5727 LaMiradaAvenue

Orange 12 TheMetropolitanat Larchmont

Village

Average Price Per Square Foot

SALES COMPARABLES SALES COMPS AVG

PROPERTY NAME

MARKETING TEAMSALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


25

SALES COMPARABLES

Units Type

Offering Price $17,450,000 21 Two-Bed Two-Bath

Price/Unit $581,667 7Three-Bed Two-

Bath

Price/SF $497.25 2 Commercial/Retail

CAP Rate 3.88%

Year Built 2004

Total Apartment Units 28

Total Commercial/Retail 2

THE ENCORE712 East Walnut Street, Pasadena, CA, 91101

Units Type

Close Of Escrow 1/16/2020 5 1 Bdr 1.5 Bath

Sales Price $12,600,000 5 2 Bdr 2 Bath

Price/Unit $630,000 10 2 Bdr 2.5 Bath

Price/SF $416.53

CAP Rate 3.70%

Year Built 2007

Total No. of Units 20

1

NOTESThe subject property was 90% leased at the time of sale. The property contains no deferred maintenance. Each unit has been condo out; therefore, each unit has a separate parcel number.

DORAN STREET LOFTS730 West Doran Street, Glendale, CA, 91203

Units Type

Close Of Escrow 1/8/2019 13 2 Bdr 2 Bath


Price/Unit $571,429

Price/SF $452.28

CAP Rate 3.50%

GRM 17.62

Year Built 2003


2

NOTESThere were no vacancies at the time of sale. No deferred maintenance was reported. 14 units, individual condo units.

4309 DIXIE CANYON AVENUE4309 Dixie Canyon Avenue, Sherman Oaks, CA, 91423

PROPERTY NAME


rentpropertyname1


rentpropertyname1


rentpropertyname1


26

SALES COMPARABLES

Tenants Type

Close Of Escrow 8/15/2019 10 2 Bdr 2.5 Bath

Sales Price $4,950,000

Price/Unit $495,000

Price/SF $380.65

CAP Rate 3.4%

Year Built 2003

Total No. Units 10

3

NOTES

The building was 100% occupied.

11048 LA MAIDA STREET 11048 La Maida Street , North Hollywood , CA, 91601

Tenants Type



Price/Unit $632,143 2 3 Bdr 3 Bath

Price/SF $430.07

CAP Rate 4.32%

Year Built 2018

Total No. Units 28

4

NOTESThe subject property was fully leased at the time of sale. No deferred maintenance.

5727 LA MIRADA AVENUE5727 La Mirada Avenue, Los Angeles, CA, 90038

Tenants Type




Price/SF $586.66

CAP Rate 4.12%

Year Built 2018

Total No. Units 12

5

NOTESThere was 1 unit vacant at the close of sale, previously occupied below market rent. Seller permitted an increased density bonus. There was one affordable unit.

ORANGE 121306 North Orange Drive, Los Angeles, CA, 90028

PROPERTY NAME


rentpropertyname1


rentpropertyname1


rentpropertyname1


27

SALES COMPARABLES

Tenants Type




Price/SF $583.36

CAP Rate 3.92%

Year Built 2017

Total No. Units 34

6

NOTES

There are three affordable units, 2 1+1 and 1 2+2.

THE METROPOLITAN AT LARCHMONT VILLAGE5825 Camerford Avenue, Los Angeles, CA, 90038

8 RENT COMPARABLES MAP

THE ENCORE

(SUBJECT)

Pasadena Gateway Villas

City Place

The Hudson

Theo

The Andalucia

Trio Apartments

Avalon Pasadena

4

7

8

9

11

20

12

14

15

16

17

13

18

10

4

7

1

2

3

5

6

28

PROPERTY NAME

RENT COMPARABLES

29

AVERAGE RENT - MULTIFAMILY

Avg. $3,561

$0

$400

$800

$1,200

$1,600

$2,000

$2,400

$2,800

$3,200

$3,600

$4,000

The encore PasadenaGateway

Villas

City Place The Hudson Theo TheAndalucia

TrioApartments

AvalonPasadena

3 Bedroom

Avg. $3,200

$0

$400

$800

$1,200

$1,600

$2,000

$2,400

$2,800

$3,200

$3,600

$4,000

The encore PasadenaGateway

Villas

City Place The Hudson Theo TheAndalucia

TrioApartments

AvalonPasadena

2 Bedroom

PROPERTY NAME

MARKETING TEAMRENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


30

Type TenantApprox.Avg. SF

Avg. Monthly Rent

Rent/SF

Two-Bed Two-Bath 21 1,068 $2,748 $2.57Three-Bed Two-Bath 7 1,379 $3,171 $2.30

Total/Avg. 28 1,146 $2,854 $2.49

Retail 2 1,457 $3,612 $29.74

THE ENCORE712 East Walnut Street, Pasadena, CA, 91101

Type Monthly Rent

2 Bdr 2 Bath $2,600-$2,892

3 Bdr 2 Bath $3,456

Year Built 2002


1

PASADENA GATEWAY VILLAS290 North Hudson Avenue, Pasadena, CA, 91101

Type Monthly Rent

2 Bdr 2 Bath $3,330-$3,410

3 Bdr 2 Bath $3,540-$3,790

Year Built 2001


2

CITY PLACE801 East Walnut Street, Pasadena, CA, 91101


PROPERTY NAME


rentpropertyname1


rentpropertyname1


rentpropertyname1


31

3

THE HUDSON177 North Hudson Avenue, Pasadena, CA, 91101

4

THEO289 North El Molino Avenue, Pasadena, CA, 91101

5

THE ANDALUCIA686 East Union Street, Pasadena, CA, 91101

Type Monthly Rent

2 Bdr 2 Bath $3,107-$3,664

Year Built 2017


Type Monthly Rent

2 Bdr 2 Bath $3,200-$3,925

Year Built 2020


Type Monthly Rent

2 Bdr 2 Bath $3,150-$3,525

Year Built 2015


PROPERTY NAME


rentpropertyname1


rentpropertyname1


rentpropertyname1


32

6

TRIO APARTMENTS44 North Madison Avenue, Pasadena, CA, 91101

7

AVALON PASADENA25 South Oak Knoll Avenue, Pasadena, CA, 91101

Type Monthly Rent

2 Bdr 2 Bath $2,733-$3,165

Year Built 2006


Type Monthly Rent

2 Bdr 2 Bath $3,050

Year Built 2004


33

MARKET

OVERVIEW

PROPERTY NAME

MARKETING TEAMDEMOGRAPHICS

Source: © 2019 Experian

Created on July 2020

POPULATION 3 Miles 2024 Projection

Total Population 196,669

2019 Estimate


2010 Census


2000 Census


Daytime Population

2019 Estimate 233,996

HOUSEHOLDS 3 Miles 2024 Projection

Total Households 79,227

2019 Estimate


Average (Mean) Household Size 2.44

2010 Census


2000 Census


Growth 2015-2020 2.98%

HOUSING UNITS 3 Miles Occupied Units

2024 Projection 79,227

2019 Estimate 80,319

Owner Occupied 35,195

Renter Occupied 41,741

Vacant 3,383

Persons In Units

2019 Estimate Total Occupied Units 76,936

1 Person Units 32.86%





6+ Person Units 4.59%

HOUSEHOLDS BY INCOME 3 Miles 2019 Estimate

$200,000 or More 14.98%

$150,000 - $199,000 9.58%

$100,000 - $149,000 17.01%

$75,000 - $99,999 12.28%

$50,000 - $74,999 15.06%

$35,000 - $49,999 8.01%

$25,000 - $34,999 5.93%

$15,000 - $24,999 6.41%

Under $15,000 10.75%

Average Household Income $127,899

Median Household Income $82,121

Per Capita Income $51,576

POPULATION PROFILE 3 Miles Population By Age

2019 Estimate Total Population 192,251

Under 20 21.04%

20 to 34 Years 22.17%

35 to 39 Years 7.44%

40 to 49 Years 13.92%

50 to 64 Years 19.65%

Age 65+ 15.80%

Median Age 39.56

Population 25+ by Education Level

2019 Estimate Population Age 25+ 140,878

Elementary (0-8) 5.71%

Some High School (9-11) 5.18%

High School Graduate (12) 13.42%

Some College (13-15) 15.67%

Associate Degree Only 6.79%

Bachelors Degree Only 27.95%

Graduate Degree 23.39%

Population by Gender

2019 Estimate Total Population 192,251

Male Population 48.46%

Female Population 51.54%

34

Income

In 2019, the median household income for your selected geography is$63,256, compare this to the US average which is currently $60,811.The median household income for your area has changed by 73.64%since 2000. It is estimated that the median household income in yourarea will be $74,757 five years from now, which represents a changeof 18.18% from the current year.

The current year per capita income in your area is $41,221, comparethis to the US average, which is $33,623. The current year averagehousehold income in your area is $87,802, compare this to the USaverage which is $87,636.

Population

In 2019, the population in your selected geography is 48,129. Thepopulation has changed by 15.00% since 2000. It is estimated thatthe population in your area will be 49,512.00 five years from now,which represents a change of 2.87% from the current year. Thecurrent population is 49.38% male and 50.62% female. The medianage of the population in your area is 34.55, compare this to the USaverage which is 38.08. The population density in your area is15,317.37 people per square mile.

Households

There are currently 22,451 households in your selected geography.The number of households has changed by 23.91% since 2000. It isestimated that the number of households in your area will be 23,251five years from now, which represents a change of 3.56% from thecurrent year. The average household size in your area is 2.08 persons.

Employment

In 2019, there are 59,606 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that69.09% of employees are employed in white-collar occupations inthis geography, and 30.67% are employed in blue-collar occupations.In 2019, unemployment in this area is 5.71%. In 2000, the averagetime traveled to work was 29.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:48.18% White, 8.56% Black, 0.08% Native American and 21.26%Asian/Pacific Islander. Compare these to US averages which are:70.07% White, 12.87% Black, 0.19% Native American and 5.66%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.

People of Hispanic origin make up 37.08% of the current yearpopulation in your selected area. Compare this to the US average of18.17%.

PROPERTY NAME

MARKETING TEAM

Housing

The median housing value in your area was $508,295 in 2019,compare this to the US average of $212,058. In 2000, there were3,585 owner occupied housing units in your area and there were14,534 renter occupied housing units in your area. The median rent atthe time was $660.

Source: © 2019 Experian

DEMOGRAPHICS

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www.MarcusMillichap.com

Gayle Factor

First Vice President Investments

Director - National Multi Housing Group

Encino Office

Tel: (818) 212-2756

Fax: (818) 212-2710

[email protected]

License: CA 01066258

E X C L U S I V E L Y L I S T E D B Y :

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