Mayberry Estates Apartment Homes - Jesse Lee Mayberry St Hemet CA-OMP.pdfCompany Local Employees ... Has remaining balance of $700, 000. ... 2 2 Bedroom 1 Bath 750 $735 - $870 $1.07

HEMET, CA

Mayberry EstatesApartment Homes

OFFERING MEMORANDUM

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.

HEMET, CA

Mayberry Estates Apartment Homes

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.

NON-ENDORSEMENT NOTICE

Section 1 PRICING AND FINANCIAL ANALYSIS

Section 2 PROPERTY DESCRIPTION

Section 3 RECENT SALES

Section 4 ON MARKET COMPARABLES

Section 5 RENT COMPARABLES

Section 6 DEMOGRAPHIC ANALYSIS

TABLE OF CONTENTS


Mayberry Estates ApartmentHomes

HEMET, CA

PRICING AND FINANCIAL ANALYSIS

Price $1,120,000

Down Payment 30% / $336,000

Price/Unit $93,333

Price/Square Feet $128.74

Number of Units 12

Rentable Square Feet 8,700

Number of Buildings Four

Number of Stories Two

Year Built 1989

Lot Size 0.40 Acres

Vital DataCAP Rate - Current 6.09%

GRM - Current 11.12

Net Operating Income - Current $68,186

Net Cash Flow After Debt Service - Current 6.9% / $23,271

Total Return - Current 11.0% / $37,077

CAP Rate - Pro Forma 6.09%

GRM - Pro Forma 10.41

Net Operating Income - Pro Forma $68,223

Net Cash Flow After Debt Service - Pro Forma 6.9% / $23,308

Total Return - Pro Forma 11.0% / $37,114

Unit Mix

No. of

Units

Unit

Type

Approx.

Square Feet

2 Studio 1 Bath 500

4 1 Bedroom 1 Bath 675



12 Total 8,700

Major Employers

Company Local

Employees

Soboba Casino 900

Edelbrock Foundry Corporation 691

Walmart 650

Stater Bros. Markets 375

Deutsch Industrial Products 312

Yucaipa Companies LLC 304

Freedom Properties 300

Defense Aerospace Operations 297

Noli Indian School 275

Mt. San Jacinto College Foundation 266

Marine Corps Jrotc 228

Walgreens 224

Demographics

1


Mayberry Estates Apartment HomesHEMET, CA

One-

Mile

Three-

Miles

Five-

Miles

2014 Total

Population

20,390 100,075 160,584

2019 Total

Population

20,565 107,758 175,759

2014 Total

Households

8,304 36,958 56,431

2019 Total

Households

8,359 39,199 60,993

Median HH Income $27,427 $33,480 $36,797

Per Capita Income

(based on Total

Population)

$16,561 $17,863 $18,550

Average (Mean) HH

Income

$40,296 $48,014 $52,382

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0080281 Marcus &Millichap. All rights reserved.

OFFERING SUMMARY

Assumable loan. Has remaining balance of $700, 000. Interest Rate is 3.7%. Seven years remaining on the loan.

Existing Financing

Loan Type Other

Proposed Financing

First Trust Deed

Loan Amount $784,000

Loan Type Proposed New

Interest Rate 4.0%

Amortization 30 Years

Debt Coverage Ratio 1.52

2




FINANCING

Studio: 17%

1 Bedroom: 33%

Bedroom: 50%

No. of

Units

Unit

Type

Approx.

Square FeetCurrent Rents

Rent/

SF

Monthly

Income

Pro Forma

Rents

Rent/

SF

Monthly

Income

2 Studio 1 Bath 500 $550 - $595 $1.15 $1,145 $595 $1.19 $1,190

4 1 Bedroom 1 Bath 675 $600 - $695 $0.96 $2,570 $695 $1.03 $2,780

2 2 Bedroom 1 Bath 750 $735 - $870 $1.07 $1,605 $800 $1.07 $1,600

4 2 Bedroom 2 Bath 875 $700 - $850 $0.89 $3,070 $850 $0.97 $3,400

12 TOTAL 8,700 $8,390 $8,970

Unit Mix Unit Rent and Rent/Square Feet

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$0

$100

$200

$300

$400

$500

$600

$700

$800

Studio 1 Bedroom 2 Bedroom 2 Bedroom

3




UNIT MIX

Income Current Per Unit Pro Forma Per Unit

GROSS POTENTIAL RENT $100,680 $8,390 $107,640 $8,970

Other Income

Laundry Income $2,820 $235 $2,820 $235

Garage Income $1,200 $100 $1,200 $100

Total Other Income $4,020 $335 $4,020 $335

GROSS POTENTIAL INCOME $104,700 $8,725 $111,660 $9,305

Vacancy/Collection Allowance (GPR) 5.0% / $5,034 $420 5.0% / $5,382 $449

EFFECTIVE GROSS INCOME $99,666 $8,306 $106,278 $8,857

Expenses

Real Estate Taxes (1.1918%) $13,348 $1,112 $13,348 $1,112

Insurance $1,925 $160 $1,925 $160

Utilities (1) $10,022 $835 $10,022 $835

Contract Services (2) $2,100 $175 $2,100 $175

Repairs and Maintenance (3) $2,425 $202 $6,000 $500

Marketing and Promotion $675 $56 $675 $56

On-Site Payroll $0 $0 $0 $0

Legal and Accounting $985 $82 $985 $82

Reserves & Replacements (4) $0 $0 $3,000 $250

TOTAL EXPENSES $31,480 $2,623 $38,055 $3,171

Expenses Per Square Foot $3.62 $4.37

Percent of EGI 31.6% 35.8%

NET OPERATING INCOME $68,186 $5,682 $68,223 $5,685

(1) Utilities include gas, water/sewer, electricity and trash.

(2) Contract services include landscaping and pest control.

(3) Pro Forma Repairs and Maintenance is estimated at $500 per unit.

(4) Pro Forma Reserves and Replacements are estimated at $250 per unit.

Total Number of Units: 12

Total Rentable Area: 8,700 Square

Feet

4




INCOME & EXPENSES

No. of

Units

Unit

Type

Approx.

Square Feet

Current Rents Rent/

SF

Monthly

Income

Pro Forma

Rents

Rent/

SF

Monthly

Income

2 Studio 1 Bath 500 $550 - $595 $1.15 $1,145 $595 $1.19 $1,190

4 1 Bedroom 1 Bath 675 $600 - $695 $0.96 $2,570 $695 $1.03 $2,780

2 2 Bedroom 1 Bath 750 $735 - $870 $1.07 $1,605 $800 $1.07 $1,600

4 2 Bedroom 2 Bath 875 $700 - $850 $0.89 $3,070 $850 $0.97 $3,400

12 Total/Wtd. Avg. 8,700 $8,390 $8,970

FIRST TRUST DEED

Loan Amount $784,000

Loan Type Proposed New

Interest Rate 4.0%

Amortization 30 Years

Annualized Operating Data

Income Current Pro Forma

Gross Potential Rent $100,680 $107,640

Other Income $4,020 $4,020

Gross Potential Income $104,700 $111,660

Less: Vacancy/Deductions (GPR) 5.0% / $5,034 5.0% / $5,382

Effective Gross Income $99,666 $106,278

Less: Expenses $31,480 $38,055

Net Operating Income $68,186 $68,223

Net Cash Flow Before Debt Service $68,186 $68,223

Debt Service $44,915 $44,915

Debt Coverage Ratio 1.52 1.52

Net Cash Flow After Debt Service 6.9% / $23,271 6.9% / $23,308

Principal Reduction $13,807 $13,807

Total Return 11.0% / $37,077 11.0% / $37,114

781-791 Mayberry Avenue

Hemet, CA 92543

Price $1,120,000

Down Payment 30% / $336,000

Number of Units 12

Price/Unit $93,333


Price/Square Feet $128.74

CAP Rate - Current 6.09%

CAP Rate- Pro Forma 6.09%

GRM - Current 11.12

GRM- Pro Forma 10.41

Year Built 1989

Lot Size 0.40 Acres

Type of Ownership Fee Simple

Location

Financing Expenses

Real Estate Taxes $13,348 $13,348

Insurance $1,925 $1,925

Utilities (1) $10,022 $10,022

Contract Services (2) $2,100 $2,100

Repairs and Maintenance (3) $2,425 $6,000

Marketing and Promotion $675 $675

On-Site Payroll $0 $0

Legal and Accounting $985 $985

Reserves & Replacements (4) $0 $3,000

Total Expenses $31,480 $38,055

Expenses/unit $2,623 $3,171

Expenses/SF $3.62 $4.37

Percent of EGI 31.59% 35.81%

Scheduled Income

Loan information is time sensitive and subject to

change. Contact your local Marcus & Millichap

Capital Corporation representative.

5




FINANCIAL OVERVIEW

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HEMET, CA

PROPERTY DESCRIPTION

Mayberry Estates Apartment Homes is a 12 unit apartment community located in Hemet, California. Built in 1989, the property is situated on a .4 acre lot and consists of four buildings. Mayberry Estates Apartment Homes offer resident studio, one, and two bedroom floor plans. The property is well amenitized featuring a controlled access security gate and an on-site laundry facility. Additionally, the property offers its residents open and covered parking spaces and central heating and air conditioning. The kitchens are equipped with gas stoves and units have a balcony accessed by a sliding patio door. The kitchen and bathroom areas have tile flooring, with carpet in the living-room and bedrooms. Gas and electricity are individually metered and paid for by the residents. Water, trash and sewer are paid for by the property owner. Each unit has an individual hot water heater. There is one centrally located laundry room with two washers and two dryers, which are owned and operated by the owner. The Mayberry Estates Apartment Homes presents the opportunity to acquire a true turnkey apartment building in the strengthening Hemet market.

Hemet is located in the San Jacinto Valley in Riverside County, off of Interstate 215 where California State Routes 74 and 79 converge, 42 miles southeast of Riverside. Hemet covers a total area of 27.847 square miles, about half of the valley, which it shares with the neighboring city of San Jacinto. The population was 78,657 at the 2010 census. The area's proximity to employment centers such as Corona, Riverside and San Bernardino, its relatively rural character and affordability make it a more attractive location for working-class families than other areas of Southern California.

According to Marcus & Millichap's research department, job growth across the metro will sustain demand for apartment units in the Hemet/Perris/Lake Elsinore submarket through the end of this year. The region relies heavily on warehousing and distribution and rising port activity in Los Angeles and Long Beach is generating requirements for warehouse space and additional manpower in the Inland Empire.

Investment Highlights

■ Trophy Asset - 1989 Construction

■ Secure Gated Access

■ Spacious On-Site Laundry Facility

■ Central Air Conditioning and Forced Heating

■ Off Street Covered Parking

■ Strong, Diversified Unit Mix

■ 100 Percent Occupied and Easy to Manage

7




INVESTMENT OVERVIEW

The Offering

Property Mayberry Estates Apartment Homes

Property Address 781-791 Mayberry Avenue

Hemet, CA 92543

Assessor's Parcel Number 446-104-034

Zoning R3

Site Description

Number of Units 12

Number of Buildings Four

Number of Stories Two

Year Built 1989


Lot Size 0.40 Acres

Type of Ownership Fee Simple

Density 30 per Acre

Parking Garages and Carports

Parking Ratio 1.5 per Unit

Utilities

Water Paid by Landlord

Electric Paid by Tenant

Gas Paid by Tenant

Construction

Foundation Concrete Slab

Framing Wood

Exterior Stucco

Parking Surface Cement

Roof Flat Mansard

Mechanical

HVAC Central Air Conditioning and Forced Heating

8




PROPERTY SUMMARY

Common Area Amenities

Unit Amenities

■ Spacious Community Landry Facility

■ Garages and Carport Parking

■ Secure Gated Access

■ Central Air Conditioning and Forced Heating

■ Private Patios and Balconies

■ Well Managed and Well Kept Interiors

9




AMENITIES

10




PROPERTY PHOTOS

11




PROPERTY PHOTOS

Local Map Regional Map

12




AREA MAPS

13




AERIAL PHOTO


HEMET, CA

RECENT SALES

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Subject Echo

Creek

Apartments

Graciella

Court

Average GRM

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Subject Echo

Creek

Apartments

Graciella

Court

Average Cap Rate

15

RECENT SALES



CAP RATE AND GRM

Average Price per Square Foot

Average Price per Unit

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Subject Echo

Creek

Apartments

Graciella

Court

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Subject Echo

Creek

Apartments

Graciella

Court

16

RECENT SALES



PRICE PER SF AND PRICE PER UNIT

1)

2)


Echo Creek Apartments

Graciella Court

17

RECENT SALES



RECENT SALES MAP

No. of Units: 9 Units Unit Type

Year Built: 2006 9 2 Bdr 2.5 Bath

Sale Price: $1,075,000

Price/Unit: $119,444

Price/SF: $86.35

CAP Rate: 4.53%

GRM: 9.53

Echo Creek Apartments

200-296 East Thornton Avenue

Hemet, CA 92543



Sale Price: $2,319,500 4 2 Bdr 1.5 Bath

Price/Unit: $72,484 16 2 Bdr 2 Bath

Price/SF: $68.37 4 3 Bdr 2 Bath

CAP Rate: 6.95%

GRM: 7.52

Close of Escrow: 6/19/2014

Close of Escrow: 5/29/2015



Hemet, CA 92543


Year Built: 1989 2 Studio 1 Bath

Sale Price: $1,120,000 4 1 Bedroom 1 Bath

Price/Unit: $93,333 2 2 Bedroom 1 Bath

Price/Square $128.74 4 2 Bedroom 2 Bath

CAP Rate: 6.09%

GRM: 11.12

Subject Property

1

2 Graciella Court

602-659 Graciella Court

San Jacinto, CA 92583

18

RECENT SALES



RECENT SALES


HEMET, CA

ON MARKET COMPARABLES

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0.50

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1.50

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2.50

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3.50

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4.50

5.00

5.50

6.00

Subject LaPaloma

Apartments

FranklinTerrace

Average GRM

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Subject LaPaloma

Apartments

FranklinTerrace

20

Average Cap Rate




CAP RATE AND GRM

Average Price per Square Foot

Average Price per Unit

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Subject LaPaloma

Apartments

FranklinTerrace

0

10,000

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60,000

70,000

80,000

90,000

100,000

Subject LaPaloma

Apartments

FranklinTerrace

21




PRICE PER SF AND PRICE PER UNIT

1)

2)


La Paloma Apartments

Franklin Terrace

22




ON MARKET COMPARABLES MAP



List Price: $4,700,000

Price/Unit: $78,333

Price/SF: $87.00

CAP Rate: 5.65%

GRM: 8.52

La Paloma Apartments

43235 Hacienda Street

Hemet, CA 92544

Franklin Terrace

200 North Yale Street

Hemet, CA 92544


Year Built: 1975 3 1 Bdr 1 Bath

List Price: $1,525,000 16 2 Bdr 2 Bath

Price/Unit: $72,619 2 3 Bdr 2 Bath

Price/SF: $67.63

CAP Rate: 6.26%

GRM: 7.95

Status: On Market

Status: On Market



Hemet, CA 92543


Year Built: 1989 2 Studio 1 Bath

Sale Price: $1,120,000 4 1 Bedroom 1 Bath

Price/Unit: $93,333 2 2 Bedroom 1 Bath

Price/Square $128.74 4 2 Bedroom 2 Bath

CAP Rate: 6.09%

GRM: 11.12

Subject Property

1

2

23






HEMET, CA

RENT COMPARABLES

Average Occupancy

0

10

20

30

40

50

60

70

80

90

100

Subject VillaDorado

Apartments

HaciendaApartments

AndaluciaApartments

CasaGrande

Apartments

602-626CarsonStreet

ColumbiaCourtyard

MayberryColony

1 Bdr Studio

0

200

400

600

800

1,000

1,200

Subject VillaDorado

Apartments

HaciendaApartments

AndaluciaApartments

CasaGrande

Apartments

602-626CarsonStreet

MayberryColony

Average Rents - Studio and 1 Bedroom

25

RENT COMPARABLES



OCCUPANCY AND AVERAGE RENTS

2 Bdr 3 Bdr

0

200

400

600

800

1,000

Subject VillaDorado

Apartments

HaciendaApartments

AndaluciaApartments

CasaGrande

Apartments

602-626CarsonStreet

ColumbiaCourtyard

MayberryColony

Average Rents - 2 and 3 Bedrooms

26

RENT COMPARABLES



AVERAGE RENTS

1)

2)

3)

4)

5)

6)

7)


Villa Dorado Apartments

Hacienda Apartments

Andalucia Apartments

Casa Grande Apartments

602-626 Carson Street

Columbia Courtyard

Mayberry Colony

27

RENT COMPARABLES



RENT COMPARABLES MAP

Subject Property

1

No. of Units 12

Occupancy: 95%

Year Built: 1989



Hemet, CA 92543

No. of Units 21

Occupancy: 100%

Year Built: 1975

No. of Units 21

Occupancy: 97%

Year Built: 1979

Villa Dorado Apartments

43275 Hacienda Street

Hemet, CA 92544

Hacienda Apartments

25615 New Chicago Avenue

Hemet, CA 92544

Unit Type Units SF Rent Rent/SF

1 Bdr 1 Bath 2 850 $700 $0.82

2 Bdr 2 Bath 17 1,150 $785 $0.68

3 Bdr 2 Bath 2 1,250 $900 $0.72

Total/Wtd. Avg. 21 $795 $0.70


1 Bdr 1 Bath 2 850 $695 $0.82

2 Bdr 2 Bath 17 1,150 $750 $0.65

3 Bdr 2 Bath 2 1,200 $900 $0.75

Total/Wtd. Avg. 21 $781 $0.67

28

2

RENT COMPARABLES




Studio 1 Bath 2 500 $550 - $595 $1.15

1 Bedroom 1 Bath 4 675 $600 - $695 $0.96

2 Bedroom 1 Bath 2 750 $735 - $870 $1.07

2 Bedroom 2 Bath 4 875 $700 - $850 $0.89

Total/Avg. 12 8,700 $699 $0.96

RENT COMPARABLES

No. of Units 21

Occupancy: 100%

Year Built/Renovated: 1975

Andalucia Apartments

25616 Andalucia Drive

Hemet, CA 92544

No. of Units 21

Occupancy: 95%


No. of Units 24

Occupancy: 95%

Year Built/Renovated: N/A

Casa Grande Apartments

25585 New Chicago Avenue

Hemet, CA 92544



Hemet, CA 92543


1 Bdr 1 Bath 2 850 $695 $0.82

2 Bdr 2 Bath 17 1,100 $825 $0.75

3 Bdr 2 Bath 2 1,400 $950 $0.68

Total/Wtd. Avg. 21 $823 $0.75


1 Bdr 1 Bath 2 850 $1,150 $1.35

2 Bdr 2 Bath 17 1,150 $775 $0.67

3 Bdr 2 Bath 2 1,250 $925 $0.74

Total/Wtd. Avg. 21 $950 $0.73


1 Bdr 1 Bath 12 750 $625 $0.83

2 Bdr 1 Bath 12 900 $725 $0.81

Total/Wtd. Avg. 24 $675 $0.82

5

4

29

RENT COMPARABLES


3


RENT COMPARABLES

No. of Units 23

Occupancy: 91%


Columbia Courtyard

157 North Columbia Street

Hemet, CA 92544


2 Bdr 1 Bath 21 750 $825 $1.10

3 Bdr 2 Bath 2 1,175 $1,100 $0.94

Total/Wtd. Avg. 23 $962 $1.08

7

30

RENT COMPARABLES


6


RENT COMPARABLES

No. of Units 88

Occupancy: 97%


Mayberry Colony

40389 Mayberry Avenue

Hemet, CA 92544


1 Bdr 1 Bath 11 790 $670 $0.85

2 Bdr 1 Bath 34 912 $725 - $755 $0.81

2 Bdr 2 Bath 43 1,012 $775 - $825 $0.79

Total/ Avg. 88 $736 $0.82

13

31

RENT COMPARABLES

12



RENT COMPARABLES


HEMET, CA

DEMOGRAPHIC ANALYSIS

1 Mile 3 Miles 5 Miles

2000 Population 18,115 73,750 110,264

2010 Population 19,214 94,667 151,980

2014 Population 20,390 100,075 160,584

2019 Population 20,565 107,758 175,759

2000 Households 7,895 30,438 43,315

2010 Households 7,733 34,618 52,895

2014 Households 8,304 36,958 56,431

2019 Households 8,359 39,199 60,993

2014 Average Household Size 2.44 2.71 2.83

2014 Daytime Population 5,862 20,786 25,686

2000 Owner Occupied Housing Units 53.00% 56.55% 60.02%

2000 Renter Occupied Housing Units 33.93% 30.54% 27.93%

2000 Vacant 13.07% 12.91% 12.05%



2014 Vacant 8.59% 8.45% 8.27%



2019 Vacant 7.98% 7.52% 7.54%

$ 0 - $14,999 24.8% 19.1% 17.6%

$ 15,000 - $24,999 21.1% 18.7% 17.2%

$ 25,000 - $34,999 15.0% 14.0% 13.1%

$ 35,000 - $49,999 15.9% 16.0% 15.5%

$ 50,000 - $74,999 11.8% 15.5% 16.3%

$ 75,000 - $99,999 6.5% 8.0% 9.3%

$100,000 - $124,999 2.4% 4.2% 5.3%

$125,000 - $149,999 0.7% 1.5% 2.1%

$150,000 - $199,999 0.6% 1.5% 2.0%

$200,000 - $249,999 0.5% 0.6% 0.7%

$250,000 + 0.8% 0.9% 1.0%

2014 Median Household Income $27,427 $33,480 $36,797

2014 Per Capita Income $16,561 $17,863 $18,550

2014 Average Household Income $40,296 $48,014 $52,382

Demographic data © 2012 by Experian.

33




DEMOGRAPHIC REPORT

Geography: Five Miles

Population

In 2014, the population in your selected geography is 160,584. The population has changed by 45.63% since 2000. It is estimated

that the population in your area will be 175,759 five years from now, which represents a change of 9.44% from the current year. The

current population is 47.96% male and 52.03% female. The median age of the population in your area is 35.5, compare this to the

Entire US average which is 37.3. The population density in your area is 2,044.45 people per square mile.

Households

There are currently 56,431 households in your selected geography. The number of households has changed by 30.27% since 2000.

It is estimated that the number of households in your area will be 60,993 five years from now, which represents a change of 8.08%

from the current year. The average household size in your area is 2.82 persons.

Income

In 2014, the median household income for your selected geography is $36,797, compare this to the Entire US average which is

currently $51,972. The median household income for your area has changed by 22.81% since 2000. It is estimated that the median

household income in your area will be $41,453 five years from now, which represents a change of 12.65% from the current year.

The current year per capita income in your area is $18,550, compare this to the Entire US average, which is $28,599. The current

year average household income in your area is $52,382, compare this to the Entire US average which is $74,533.

Race and Ethnicity

The current year racial makeup of your selected area is as follows: 64.65% White, 5.87% Black, 0.30% Native American and 2.77%

Asian/Pacific Islander. 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 42.49% of the current year

population in your selected area. Compare this to the Entire US average of 17.13%.

Housing

In 2000, there were 29,560 owner occupied housing units in your area and there were 13,755 renter occupied housing units in your

area. The median rent at the time was $483.

Employment

In 2014, there are 25,685 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed

that 49.65% of employees are employed in white-collar occupations in this geography, and 50.49% are employed in blue-collar

occupations. In 2014, unemployment in this area is 11.36%. In 2000, the average time traveled to work was 35.0 minutes.


34




SUMMARY REPORT

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


35




POPULATION DENSITY

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


36




EMPLOYMENT DENSITY

Average income of all the people 15 years and older occupying a

single housing unit.


37




AVERAGE HOUSEHOLD INCOME

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

38




TRAFFIC COUNTS

* Traffic Count Estimate

HEMET, CA

OFFERING MEMORANDUM


Offices Throughout the U.S. and Canada

www.MarcusMillichap.com

Exclusively Listed By:

Andrew IrvineAssociate

Associate Member, National Multi Housing GroupOntario Office

License: CA: 01927162Tel: (909) 456-3400Fax: (909) 456-3410

[email protected]/AndrewIrvine

Documents

Mayberry Estates Apartment Homes - Jesse Lee Mayberry St Hemet CA-OMP.pdfCompany Local Employees ... Has remaining balance of $700, 000. ... 2 2 Bedroom 1 Bath 750 $735 - $870 $1.07