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1235-39 NORTH DETROIT STREETWEST HOLLYWOOD, CA 90046
L O S A N G E L E S C O U N T Y M U L T I F A M I L Y
Real estate Investment sales t FInancIng t ReseaRch t advIsoRy seRvIces
OFFERING MEMORANDUM
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICE
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorse by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said cor-poration of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant
lessee information about this listing to prospective customers.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information
about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Confidentiality and disClaimer
Offices Throughout the U.S. and Canadawww.MarcusMillichap.com
Real estate Investment sales t FInancIng t ReseaRch t advIsoRy seRvIces
L O S A N G E L E S C O U N T Y M U L T I F A M I L Y
Rick E. RaymundoSenior Managing Director Investments
Senior Director, National Multi Housing Group
515 South Flower Street Suite 500Los Angeles, CA 90071(213) 943-1855 Direct
(213) 943-1961 Fax(818) 219-6146 Mobile
Anthony Rodriguez, MBAAssociate Member
National Multi Housing Group
515 South Flower Street Suite 500Los Angeles, CA 90071(213) 943-1851 Direct
(213) 943-1961 Fax(949) 343-0202 Mobile
EXCLUSIVELY LISTED BY:
table oF contents
Section 1 INVESTMENT OVERVIEW
Section 2 PRICING AND FINANCIAL ANALYSIS
Section 3 PROPERTY DESCRIPTION
Section 4 RECENT SALES
Section 5 RENT COMPARABLES
Section 6 DEMOGRAPHIC ANALYSIS
Investment oveRvIew
1235-39 North Detroit Street, West Hollywood, CA 90046
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359 2
The Offering
Marcus & Millichap is pleased to announce the sale of 1235-1239 North Detroit Street, a multifamily property situated in the prestigious and vibrant city of West Hollywood, adjacent to both Beverly Hills and Hollywood. Located near the intersection of Santa Monica Boulevard and La Brea Avenue, the property contains three separate buildings on a 12,999 square foot parcel. The asset includes 18 apartment units, plus an additional four non-conforming units, as well as on-site laundry facilities to provide an extra stream of income for the new owner.
The property is in close proximity to both the Sunset Strip and Hollywood and Highland, offering tenants numerous options in terms of popular restaurants, bars, clubs, and shopping. Tenants can enjoy a short, two-block walk to the West Hollywood Gateway shopping center on Santa Monica Boulevard, which is anchored by both Target and Best Buy, the first big box retailers ever within the City of West Hollywood. Directly across the street from the property is a Ralphs Supermarket. In addition to boasting a Walk Score of 91, which is very high for the Los Angeles area, the building affords tenants convenient vehicular access to the The Grove and The Beverly Center.
Current rents sit approximately 24 percent below market level, without even accounting for additional potential income earned by the non-conforming units. All three buildings were recently painted, helping to decrease deferred maintenance expenses for the new owner. A quiet terrace is tucked into the rear corner of the property, providing a relaxing space for tenants to relax and/or socialize.
invesTmenT highlighTs
Dubbed a “Walker’s Paradise” With a Walk Score of 91 -- Blocks from Trader Joe’s, Sprouts, Across Street from Ralphs Supermarket
Large 12,999 Square Foot Lot Zoned WDR3C -- Currently Contains Three Separate Buildings and 18 Open Parking Spaces
Significant Rent Upside -- Current Rents Approximately 24 Percent Below Market Level in West Hollywood
Short Drive to The Grove, The Beverly Center, Sunset Strip, and Beverly Hills
Less Than One Mile From the Epicenter of Hollywood, Hollywood Boulevard & Highland Avenue
Additional Income Stream Provided by On-Site Laundry Facilities
New Exterior Paint
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359 3
Prime West Hollywood Location - Near Corner of Santa Monica Boulevard and La Brea Avenue
No Seismic Retrofit Requirements (Buyer to Verify)
Two Blocks from West Hollywood Gateway -- First Big Box Retailers Ever in City of West Hollywood (Target, Best Buy)
Offering summaryTHE OFFERING
Property Address1235-39 North Detroit Street
West Hollywood, CA 90046
Price $4,800,000
Down Payment 100% / $4,800,000
Price/ Legal Unit $266,667
Price/SF $583.66
Number of Units 18 + 4*
Rentable Square Feet 8,224
Year Built 1940
Lot Size 12,999
VITAL DATACAP Rate – Current 4.02%
CAP Rate – Current (Legal Units Only) 3.41%
GIM – Current 14.68
GIM – Current (Legal Units Only) 17.34
Net Operating Income – Current $192,720
Total Return – Current 4.0% / $192,720
CAP Rate – Pro Forma 5.09%
GIM – Pro Forma 12.56
Net Operating Income – Pro Forma $244,156
Total Return – Pro Forma 5.1% / $244,156
4This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
lOcaTiOn highlighTs
5
WEST HOLLYWOOD
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
6
TRANSITSCORE
BIKESCORE
65
68
“GOOD TRANSIT”Many nearby public
transportation options
“BIKEABLE”Flat as a pancake, some
bike lanes
WALKSCORE91
“WALKER’S PARADISE”Daily errands do not
require a car
Demographics1-Mile 3-Miles 5-Miles
2014 Total Population 54,823 353,533 917,013
2019 Total Population 54,780 355,909 923,381
2014 Total Households 31,531 174,377 395,965
2019 Total Households 31,862 177,217 402,070
Median Household Income $40,204 $46,323 $43,031
Per Capital Income(Based on total Population) $38,848 $41,200 $33,898
Average (Mean) Household Income $67,108 $82,848 $77,859
Major Employers
Company Local Employees
Disney 14,991
Southern California / Hawa Reg 13,000
Walt Disney Company 8,833
Victory Studio 5,000
Mental Health California Dept 4,000
Paramount Pictures 3,511
Project Boat Holdings LLC 3,174
Farmers Insurance 3,122
SBE 3,002
Fire Dept-Station 61 3,000
Platinum Equity 2,575
Fire Insurance Exchange 2,300
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
PRIcIng and FInancIal analysIs
1235-39 North Detroit Street, West Hollywood, CA 90046
UnIt mIx
NO. OF UNITS
UNIT TYPE
APPROX. SF
CURRENT RENTS
RENT/SF
MONTHLY INCOME
PRO FORMA RENTS
RENT/SF
MONTHLY INCOME
18 Single 400 $735 - $1,525 $2.83 $22,847 $1,525 $3.81 $27,450
4 Bachelor Non-Conforming 250 $785 - $1,500 $4.57 $4,189 $785 - $1,500 $4.57 $4,189
18 + 4* TOTAL 8,224 $27,036 $31,639
Bachelor: 18%
Single: 82%
No. ofUnits
UnitType
Approx.Square
Feet
CurrentRents
Rent/SF
MonthlyIncome Pro Forma Rents Rent/
SFMonthlyIncome
18 Single 400 $735 - $1,525 $2.83 $22,847 $1,525 $3.81 $27,450
4 Bachelor Non-Conforming 250 $785 - $1,500 $4.57 $4,189 $785 - $1,500 $4.57 $4,189
18 + 4* TOTAL 8,224 $27,036 $31,639
* Non-Conforming
Unit Mix Unit Rent & Rent/SF
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$0
$200
$400
$600
$800
$1,000
$1,200
Single Bachelor
PRICING AND FINANCIAL ANALYSIS1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
UNIT MIX
UnIt mIx UnIt Rent & Rent/sF
Single
82% Single
18% Bachelor
PRIcIng & FInancIal analysIs
* Non-Conforming
8
Bachelor
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
PRIcIng & FInancIal analysIs
9
Income & exPenses
INCOME CURRENT PER UNIT PRO FORMA PER UNIT
GROSS POTENTIAL RENT $324,432 $18,024 $379,668 $21,093
Other Income
Laundry Income $2,640 $147 $2,640 $147
$2,640 $147 $2,640 $147
GROSS POTENTIAL INCOME $327,072 $18,171 $382,308 $21,239
Vacancy/Collection Allowance (GPR) 3.0% / $9,733 $541 3.0% / $11,390 $633
EFFECTIVE GROSS INCOME $317,339 $17,630 $370,918 $20,607
EXPENSES CURRENT PER UNIT PRO FORMA PER UNIT
Real Estate Taxes (1.1717%) $56,242 $3,125 $56,242 $3,125
Insurance $4,000 $222 $4,000 $222
Utilities $9,085 $505 $9,085 $505
Trash $1,898 $105 $1,898 $105
Repairs & Maintenance $11,000 $611 $11,000 $611
Unit Turnover $5,500 $306 $5,500 $306
On-Site Payroll $18,000 $1,000 $18,000 $1,000
Management Fee 4.0% / $12,694 $705 4.0% / $14,837 $824
Reserves & Replacements $4,400 $244 $4,400 $244
Landscaping $1,800 $100 $1,800 $100
TOTAL EXPENSES $124,619 $6,923 $126,762 $7,042
Expenses per SF $15.15 $15.41
% of EGI 39.3% 34.2%
NET OPERATING INCOME $192,720 $10,707 $244,156 $13,564
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Rent Roll
UNIT NUMBER UNIT TYPE UNIT SF CURRENT RENT RENT/SF
1235-1 Single Vacant 400 $1,525 $3.81
1235-2 Single 400 $788 $1.97
1235-3 Single 400 $1,500 $3.75
1235-4 Single 400 $1,183 $2.96
** 1235-5 Bachelor Non-Conforming 250 $1,500 $6.00
1235-6 Bachelor Non-Conforming 250 $904 $3.62
1235-7 Bachelor Non-Conforming 250 $785 $3.14
1235-8 Bachelor Non-Conforming 250 $1,000 $4.00
1237-1 Single 400 $1,234 $3.09
1237-2 Single 400 $1,319 $3.30
1237-3 Single Vacant 400 $1,525 $3.81
1237-4 Single 400 $1,057 $2.64
1237-5 Single 400 $735 $1.84
1237-6 Single 400 $1,495 $3.74
1237-7 Single 400 $1,425 $3.56
1237-8 Single 400 $1,031 $2.58
1239-1 Single 400 $1,475 $3.69
1239-2 Single 400 $1,400 $3.50
1239-3 Single 400 $1,450 $3.63
1239-4 Single 400 $1,128 $2.82
1239-5 Single 400 $1,525 $3.81
1239-6 Single 400 $1,052 $2.63
2 TOTAL VACANT 800 $3,050
20 TOTAL OCCUPIED 7,400 $23,986
22 TOTAL 8,200 $27,036
PRIcIng & FInancIal analysIs
**Manager’s Unit
10This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
FInancIal oveRvIew
PROPERTY DETAILS
Location1235-39 North Detroit Street
West Hollywood, CA 90046
Price $4,800,000
Down Payment 100% / $4,800,000
Number of Units 18 + 4*
Price/Legal Unit $266,667
Rentable Square Feet 8,224
Price/SF $583.66
CAP Rate-Current 4.02%
CAP Rate-Current (Legal Units Only) 3.41%
CAP Rate - Pro Forma 5.09%
GIM - Current 14.68
GIM - Current (Legal Units Only) 17.34
GIM - Pro Forma 12.56
Year Built / Renovated 1940
Lot Size 12,999
Type of Ownership Fee Simple
Annualized Operating DataIncome CURRENT PRO FORMA
Gross Potential Rent $324,432 $379,668
Other Income $2,640 $2,640
Gross Potential Income $327,072 $382,308
Less: Vacancy / Deductions (GPR) 3.0% / $9,733 3.0% / $11,390
Effective Gross Income $317,339 $370,918
Less: Expenses $124,619 $126,762
Net Operating Income $192,720 $244,156
Net Cash Flow Before Debt Service $192,720 $244,156
Expenses CURRENT PRO FORMA
Real Estate Taxes $56,242 $56,242
Insurance $4,000 $4,000
Utilities $9,085 $9,085
Trash $1,898 $1,898
Repairs & Maintenance $11,000 $11,000
Unit Turnover $5,500 $5,500
On-Site Payroll $18,000 $18,000
Management Fee $12,694 $14,837
Reserves & Replacements $4,400 $4,400
Landscaping $1,800 $1,800
Total Expenses $124,619 $126,762
Expenses / Unit $6,923 $7,042
Expenses / SF $15.15 $15.41
% of EGI 39.27% 34.18%
PRIcIng & FInancIal analysIs
* Non-Conforming
11This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
PRIcIng & FInancIal analysIs
18+4*UNITS
1940YEAR BUILT
8,224RENTABLE SF
12,999LOT SIZE
$4,800,000PRICE
$266,667PRICE PER LEGAL UNIT
$583.66PRICE PER SQUARE FOOT
3.41%CAP RATE- CURRENT (LEGAL UNITS ONLY)
5.09%CAP RATE - PRO FORMA
4.02%CAP RATE- CURRENT
1235-39 NORTH DETROIT STREETwest hollywood, ca 90046
* Non-Conforming
12
12.56GIM- PRO FORMA
14.68GIM - CURRENT
17.34GIM - CURRENT (LEGAL UNITS ONLY)
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
PRoPeRty descRIPtIon
1235-39 North Detroit Street, West Hollywood, CA 90046
RegIonal maP
1235-39 North Detroit Street
PRoPeRty descRIPtIon
14This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
local maP
1235-39 North Detroit Street
PRoPeRty descRIPtIon
15This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
aeRIal Photo
PRoPeRty descRIPtIon
16This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
PRoPeRty sUmmaRy
THE OFFERING
Property Address1235-39 North Detroit Street
West Hollywood, CA 90046
Assessor’s Parcel Number 5531-008-007
Zoning WDR3C
SITE DESCRIPTION
Number of Units 18 + 4*
Number of Buildings 3
Number of Stories 2
Year Built 1940
Rentable Square Feet 8,224
Lot Size 12,999
Type of Ownership Fee Simple
Parking 18 Open Parking Spaces
UTILITIES
Electric Separately Metered
Gas Separately Metered
CONSTRUCTION
Framing Wood
Exterior Stucco
Parking Surface Asphalt
Roof Flat
PRoPeRty descRIPtIon
* Non-Conforming
17This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
PRoPeRty descRIPtIon
PRoPeRty Photos
18This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Recent sales
1235-39 North Detroit Street, West Hollywood, CA 90046
1)2)3)4)5)6)7)8)9)
10)
1235-39 N Detroit Street1280 N Laurel Avenue821 Westmount Drive1114 N Kings Road1330 N Martel Avenue1400 N Gardner Street1042 N Crescent Heights Boulevard6565 W Fountain Avenue6871 Franklin Avenue7006 Lanewood Avenue7714-20 Hampton Avenue
15
RECENT SALES1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
RECENT SALES MAPRecent sales maP
1400 North Gardner Street
6871 Franklin Avenue
7006 Lanewood Avenue
6565 West Fountain Avenue
7714-20 Hampton Avenue
1114 North Kings Road
3
5
1235-39 North Detroit Street
Recent sales
9
4
6
2
7
8
1
1280 North Laurel Avenue
1042 North Crescent Heights Boulevard
821 Westmount Drive
20
10 1330 North Martel Avenue
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
0.00
0.40
0.80
1.20
1.60
2.00
2.40
2.80
3.20
3.60
4.00
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
7006Lanewood
Avenue
7714-20HamptonAvenue
Average GRM
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
7006Lanewood
Avenue
7714-20HamptonAvenue
Average Cap Rate
RECENT SALES1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
CAP RATE AND GRM Average Price per Square Foot
Average Price per Unit
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
500.00
550.00
600.00
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
1042N
CrescentHeights
Boulevard
6565W
FountainAvenue
6871FranklinAvenue
7006Lanewood
Avenue
7714-20HamptonAvenue
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000
320,000
360,000
400,000
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
1042N
CrescentHeights
Boulevard
6565W
FountainAvenue
6871FranklinAvenue
7006Lanewood
Avenue
7714-20HamptonAvenue
14
RECENT SALES1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
PRICE PER SF AND PRICE PER UNIT
Average Price per Square Foot
Average Price per Unit
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
500.00
550.00
600.00
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
1042N
CrescentHeights
Boulevard
6565W
FountainAvenue
6871FranklinAvenue
7006Lanewood
Avenue
7714-20HamptonAvenue
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000
320,000
360,000
400,000
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
1042N
CrescentHeights
Boulevard
6565W
FountainAvenue
6871FranklinAvenue
7006Lanewood
Avenue
7714-20HamptonAvenue
14
RECENT SALES1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
PRICE PER SF AND PRICE PER UNIT
0.00
0.40
0.80
1.20
1.60
2.00
2.40
2.80
3.20
3.60
4.00
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
7006Lanewood
Avenue
7714-20HamptonAvenue
Average GRM
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
Subject 1280N
LaurelAvenue
821Westmount
Drive
1114N
KingsRoad
1330N
MartelAvenue
1400N
GardnerStreet
7006Lanewood
Avenue
7714-20HamptonAvenue
Average Cap Rate
RECENT SALES1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
CAP RATE AND GRM
aveRage caP Rate
aveRage GRM aveRage PRIce PeR UnIt
aveRage PRIce PeR sqUaRe Foot
SubjectSubject
Avg 17.89
Avg $414.84
Avg $302,191
Avg 3.14%
Subject
Recent sales
21
Subject
1280NorthLaurel
Avenue
1114NorthKingsRoad
1330NorthMartelAvenue
1400North
GardnerStreet
1280NorthLaurel
Avenue
1114NorthKingsRoad
1330NorthMartelAvenue
1400North
GardnerStreet
1400North
GardnerStreet
1330NorthMartelAvenue
1114NorthKingsRoad
1280NorthLaurel
Avenue
1042North
CrescentHeights
Boulevard
6565West
FountainAvenue
1280NorthLaurel
Avenue
1114NorthKingsRoad
1330NorthMartelAvenue
1400North
GardnerStreet
1042North
CrescentHeights
Boulevard
6565West
FountainAvenue
821Westmount
Drive
821Westmount
Drive
821Westmount
Drive
821Westmount
Drive
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
1235-39 North Detroit StreetWest Hollywood, CA 90046
Subject Property
Total No. of Units: 22
Year Built: 1940
Rentable SF: 8,224
Lot Size: 12,999
Sales Price: $4,800,000
Price/Legal Unit: $266,667
Price/SF: $583.66
CAP Rate: 4.02% (All Units)
GRM: 14.68 (All Units)
NO. OF UNITS UNIT TYPE
18 Single
4 Bachelor Non-Conforming
Recent sales
sales comPaRables
22
1280 North Laurel AvenueWest Hollywood, CA 90046
Close of Escrow: 04/27/2017
Total No. of Units: 25
Year Built: 1950
Rentable SF: 18,392
Lot Size: 19,580
Sales Price: $8,050,000
Price/Unit: $322,000
Price/SF: $437.69
CAP Rate: 3.85%
GRM: 16.01
NO. OF UNITS UNIT TYPE
3 Studio
22 1 Bdr 1 Bath
1
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Recent sales
sales comPaRables
23
821 Westmount DriveWest Hollywood, CA 90069
Close of Escrow: 03/01/2018
Total No. of Units: 9
Year Built: 1958
Rentable SF: 6,367
Lot Size: 6,675
Sales Price: $2,700,000
Price/Unit: $300,000
Price/SF: $403.83
CAP Rate: 3.25%
GRM: 17.05
NO. OF UNITS UNIT TYPE
8 1 Bdr 1 Bath
1 2 Bdr 2 Bath
2
1114 North Kings RoadWest Hollywood, CA 90069
Close of Escrow: 12/27/2017
Total No. of Units: 12
Year Built: 1972
Rentable SF: 9,044
Lot Size: 8,276
Sales Price: $4,101,000
Price/Unit: $341,750
Price/SF: $453.45
CAP Rate: 3.27%
GRM: 18.23
NO. OF UNITS UNIT TYPE
12 1 Bdr 1 Bath
3
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
1330 North Martel AvenueHollywood, CA 90046Close of Escrow: 08/30/2017
Total No. of Units: 18
Year Built: 1968
Rentable SF: 13,746
Lot Size: 13,504
Sales Price: $5,100,000
Price/Unit: $283,333
Price/SF: $371.02
CAP Rate: 3.25%
GRM: 16.74
NO. OF UNITS UNIT TYPE
2 Single
11 1 Bdr 1 Bath
1 2 Bdr 1.5 Bath
3 2 Bdr 1.75 Bath
1 3 Bdr 1.75 Bath
4
Recent sales
sales comPaRables
24
1400 North Gardner StreetHollywood, CA 90046Close of Escrow: 10/06/2017
Total No. of Units: 20
Year Built: 1954
Rentable SF: 13,193
Lot Size: 14,963
Sales Price: $5,850,000
Price/Unit: $292,500
Price/SF: $443.42
CAP Rate: 3.21%
GRM: 17.22
NO. OF UNITS UNIT TYPE
16 1 Bdr 1 Bath
4 2 Bdr 1 Bath
5
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
1042 North Crescent Heights BoulevardWest Hollywood, CA 90046
Close of Escrow: 04/03/2018
Total No. of Units: 8
Year Built: 1922
Rentable SF: 6,230
Lot Size: 13,068
Sales Price: $3,288,000
Price/Unit: $411,000
Price/SF: $527.77
NO. OF UNITS UNIT TYPE
7 1 Bdr 1 Bath
1 2 Bdr 1 Bath
6
Recent sales
sales comPaRables
25
6565 West Fountain AvenueLos Angeles, CA 90028Close of Escrow: 09/01/2017
Total No. of Units: 42
Year Built: 1962
Rentable SF: 29,304
Lot Size: 27,983
Sales Price: $10,750,000
Price/Unit: $255,952
Price/SF: $366.84
NO. OF UNITS UNIT TYPE
42 1 Bdr 1 Bath
7
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Recent sales
6871 Franklin AvenueLos Angeles, CA 90028Close of Escrow: 12/19/2017
Total No. of Units: 30
Year Built: 1958
Rentable SF: 18,155
Lot Size: 15,246
Sales Price: $8,625,000
Price/Unit: $287,500
Price/SF: $475.08
NO. OF UNITS UNIT TYPE
2 Single
28 1 Bdr 1 Bath
8
sales comPaRables
26
7006 Lanewood AvenueLos Angeles, CA 90028Close of Escrow: 11/29/2017
Total No. of Units: 18
Year Built: 1958
Rentable SF: 12,306
Lot Size: 10,006
Sales Price: $4,470,000
Price/Unit: $248,333
Price/SF: $363.24
CAP Rate: 2.90%
GRM: 19.04
NO. OF UNITS UNIT TYPE
4 Single
14 1 Bdr 1 Bath
9
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Recent sales
sales comPaRables
27
7714-20 Hampton AvenueWest Hollywood, CA 90046
Close of Escrow: 04/27/2017
Total No. of Units: 22
Year Built: 1965
Rentable SF: 20,094
Lot Size: 16,326
Sales Price: $6,150,000
Price/Unit: $279,545
Price/SF: $306.06
CAP Rate: 2.23%
GRM: 20.94
NO. OF UNITS UNIT TYPE
2 Single
15 1 Bdr 1 Bath
5 2 Bdr 2 Bath
10
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
sales comPaRable sUmmaRy
ADDRESS CLOSE OF ESCROW
NO. OF UNITS
YEAR BUILT
SALES PRICE
PRICEPER UNIT
PRICEPER SF CAP RATE GRM
11280 North Laurel AvenueWest Hollywood, CA 90046 04/27/2017 25 1950 $8,050,000 $322,000 $437.69 3.85% 16.01
2821 Westmount Drive
West Hollywood, CA 90069 03/01/2018 9 1958 $2,700,000 $300,000 $403.83 3.25% 17.05
31114 North Kings Road
West Hollywood, CA 90069 12/27/2017 12 1972 $4,101,000 $341,750 $453.45 3.27% 18.23
41330 North Martel Avenue
Hollywood, CA 90046 08/30/2017 18 1968 $5,100,000 $283,333 $371.02 3.25% 16.74
51400 North Gardner Street
Hollywood, CA 90046 10/06/2017 20 1954 $5,850,000 $292,500 $443.42 3.21% 17.22
61042 North Crescent Heights Boulevard
West Hollywood, CA 90046 04/03/2018 8 1922 $3,288,000 $411,000 $527.77 -- --
76565 West Fountain Avenue
Los Angeles, CA 90028 09/01/2017 42 1962 $10,750,000 $255,952 $366.84 -- --
86871 Franklin Avenue
Los Angeles, CA 90028 12/19/2017 30 1958 $8,625,000 $287,500 $475.08 -- --
97006 Lanewood AvenueLos Angeles, CA 90028 11/29/2017 18 1958 $4,470,000 $248,333 $363.24 2.90% 19.04
107714-20 Hampton AvenueWest Hollywood, CA 90046 04/27/2017 22 1965 $6,150,000 $279,545 $306.06 2.23% 20.94
AVERAGES 20 1957 $5,908,400 $302.91 $414.84 3.14% 17.89
* 1235-39 North Detroit StreetWest Hollywood, CA 90046
Subject Property 18+4 1940 $4,800,000 $266,667 $583.66
4.02% ALL UNITS
3.41% LEGAL UNITS
14.68 ALL UNITS
17.34 LEGAL UNITS
28This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Rent comPaRables
1235-39 North Detroit Street, West Hollywood, CA 90046
1)2)3)4)5)
1235-39 N Detroit Street1001 N Gardner Street1334 N Laurel Avenue1227 N Harper Avenue1314 N Vista Street1422 N Martel Avenue
23
RENT COMPARABLES1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
RENT COMPARABLES MAPRent comPaRable maP
1314 North Vista Street
1227 North Harper Avenue
1235-39 North Detroit Street
1001 North Gardner Street
1422 North Martel Avenue
Rent comPaRables
1334 North Laurel Avenue5
2 4
1
3
30This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
average renTs - BachelOr/single
Bachelor Single
0
200
400
600
800
1,000
1,200
1,400
1,600
Subject 1001N
GardnerStreet
1334N
LaurelAvenue
1227N
HarperAvenue
1314N
VistaStreet
1422N
MartelAvenue
Average Rents - Bachelor/Single and
RENT COMPARABLES1235-39 N Detroit StreetWEST HOLLYWOOD, CA
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 mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap RealEstate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
OCCUPANCY AND AVERAGE RENTS
Subject
Rent comPaRables
Avg $1,627
31
1001NorthGarnerStreet
1334NorthLaurel
Avenue
1227NorthHarperAvenue
1314NorthVistaStreet
1422NorthMartelAvenue
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
AmenitiesProperty features a breakfast nook, mirrored closet doors, and on-site laundry.
1235-39 North Detroit StreetWest Hollywood, CA 90046
Total No. of Units 18 + 4*
Year Built 1940
1
1001 North Gardner StreetWest Hollywood, CA 90046
Total No. of Units 18
Year Built 1960
UNIT TYPE SF RENT RENT/SF
Single 520 $1,595 $3.07
TOTAL/WTD. AVG. $1,595
UNIT TYPE SF RENT RENT/SF
Single 400 $735 - $1,525 $2.83
Bachelor Non-Conforming 250 $785 - $1,500 $4.57
TOTAL/WTD. AVG. 8,224 $1,136 $3.19
Rent comPaRables
Rent comPaRables
* Non-Conforming
32This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
AmenitiesProperty features tile flooring, granite countertops, and on-site laundry.
1334 North Laurel AvenueWest Hollywood, CA 90046
Total No. of Units 13
Year Built 1927
2
UNIT TYPE SF RENT RENT/SF
Single 500 $1,695 $3.39
TOTAL/WTD. AVG. $1,695
Rent comPaRables
Rent comPaRables
33
1227 North Harper AvenueWest Hollywood, CA 90046
Total No. of Units 21
Year Built 1955
3
UNIT TYPE SF RENT RENT/SF
Single 480 $1,599 $3.33
TOTAL/WTD. AVG. $1,599
AmenitiesProperty features a swimming pool, dedicated parking space, carpet flooring, and paid electricity.
This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
AmenitiesProperty features walk-in closet, balcony, new tile flooring, and on-site laundry.
1422 North Martel AvenueHollywood, CA 90046
Total No. of Units 9
Year Built 1988
5
UNIT TYPE SF RENT RENT/SF
Single 512 $1,650 $3.22
TOTAL/WTD. AVG. $1,650
AmenitiesProperty features washer/dryer hookups, porcelain tile flooring, recessed lighting, walk-in closet, crown moulding, and a BBQ area.
1314 North Vista StreetHollywood, CA 90046
Total No. of Units 5
Year Built 1914
UNIT TYPE SF RENT RENT/SF
Single 500 $1,595 $3.19
TOTAL/WTD. AVG. $1,595
4
Rent comPaRables
Rent comPaRables
34This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
demogRaPhIc analysIs
1235-39 North Detroit Street, West Hollywood, CA 90046
demogRaPhIc RePoRt
Population 1 MILE 3 MILES 5 MILES Income 1 MILE 3 MILES 5 MILES
2010 POPULATION 56,343 350,858 909,205 $0 $14,999 20.7% 17.4% 17.8%
2010 POPULATION 51,899 338,276 884,097 $15,000 $24,999 12.3% 12.2% 13.5%
2014 POPULATION 54,823 353,533 917,013 $25,000 $34,999 12.1% 10.4% 11.1%
2019 POPULATION 54,780 355,909 923,381 $35,000 $49,999 13.5% 12.5% 13.3%
$50,000 $74,999 16.6% 15.7% 15.2%
Households 1 MILE 3 MILES 5 MILES $75,000 $99,999 8.4% 9.2% 8.6%
2000 HOUSEHOLDS 30,056 164,764 374,732 $100,000 $124,999 5.6% 6.9% 6.3%
2010 HOUSEHOLDS 29,510 164,451 375,884 $125,000 $149,999 3.2% 3.9% 3.6%
2014 HOUSEHOLDS 31,531 174,377 395,965 $150,000 $199,999 2.8% 4.3% 3.9%
2019 HOUSEHOLDS 31,862 177,217 402,070 $200,000 $249,999 1.6% 2.4% 2.2%
$250,000 + 3.2% 5.0% 4.5%
2014 AVERAGE HOUSEHOLD SIZE 1.71 1.99 2.28
2014 MEDIAN HOUSEHOLD INCOME $40,204 $46,323 $43,031
2014 DAYTIME POPULATION 26,547 166,712 428,373 2014 PER CAPITAL $38,848 $41,200 $33,898
2000 OWNER OCCUPIED HOUSING UNITS 12.52% 21.21% 22.81% 2014 AVERAGE HOUSEHOLD INCOME $67,108 $82,848 $77,859
2000 RENTER OCCUPIED HOUSING UNITS 83.86% 74.58% 72.60%
2000 VACANT 3.62% 4.21% 4.59%
2014 OWNER OCCUPIED HOUSING UNITS 13.32% 21.59% 23.25%
2014 RENTER OCCUPIED HOUSING UNITS 86.68% 78.41% 76.75%
2014 VACANT 1.18% 2.78% 3.13% Demographic data © 2012 by Experian.
2019 OWNER OCCUPIED HOUSING UNITS 13.35% 21.58% 23.20%
2019 RENTER OCCUPIED HOUSING UNITS 86.65% 78.42% 76.80%
2019 VACANT 0.98% 2.74% 3.06%
demogRaPhIc analysIs
36This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
demogRaPhIc sUmmaRy
POPULATION
In 2014, the population in your selected geography is 917,013. The population has changed by 0.85% since 2000. It is estimated that the population in your area will be 923,381 five years from now, which represents a change of 0.69% from the current year. The current population is 50.59% male and 49.40% fe-male. The median age of the population in your area is 36.4, compare this to the Entire US average which is 37.3. The population density in your area is 11,673.92 people per square mile.
HOUSEHOLDS
There are currently 395,964 households in your selected geography. The num-ber of households has changed by 5.66% since 2000. It is estimated that the number of households in your area will be 402,069 five years from now, which represents a change of 1.54% from the current year. The average household size in your area is 2.28 persons.
INCOME
In 2014, the median household income for your selected geography is $43,030, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 30.97% since 2000. It is esti-mated that the median household income in your area will be $50,037 five years from now, which represents a change of 16.28% from the current year.
The current year per capita income in your area is $33,897, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $77,859, compare this to the Entire US average which is $74,533.
RACE & ETHNICITY
The current year racial makeup of your selected area is as follows: 51.48% White, 8.10% Black, 0.10% Native American and 15.74%Asian/Pacific Island-er. 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 38.49% of the current year population in your selected area. Compare this to the Entire US average of 17.13%.
HOUSING
In 2000, there were 89,579 owner occupied housing units in your area and there were 285,152 renter occupied housing units in your area. The median rent at the time was $618.
EMPLOYMENT
In 2014, there are 428,372 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 64.08% of employ-ees are employed in white-collar occupations in this geography, and 35.84% are employed in blue-collar occupations. In 2014, unemployment in this area is 10.10%. In 2000, the average time traveled to work was 31.9 minutes.
GeoGraphy: 5 miles
demogRaPhIc analysIs
37This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Number of people living in a given area per square mile.
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS1235-39 N Detroit StreetWEST HOLLYWOOD, CA
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
POPULATION DENSITY
PoPUlatIon densIty
demogRaPhIc analysIs
38This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
The number of people employed in a given area per square mile.
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS1235-39 N Detroit StreetWEST HOLLYWOOD, CA
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
EMPLOYMENT DENSITY
emPloyment densIty
demogRaPhIc analysIs
39This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Average income of all the people 15 years and older occupying a single housing unit.
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS1235-39 N Detroit StreetWEST HOLLYWOOD, CA
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
AVERAGE HOUSEHOLD INCOME
aveRage hoUsehold Income
demogRaPhIc analysIs
40This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Index of the relative risk of crime in a given area.
Crime data © 2012 by Applied Geographic Solutions.
DEMOGRAPHIC ANALYSIS1235-39 N Detroit StreetWEST HOLLYWOOD, CA
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
TOTAL CRIME RISK
total cRIme RIsk
demogRaPhIc analysIs
41
tRaFFIc coUnts
Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
DEMOGRAPHIC ANALYSIS1235-39 N Detroit StreetWEST HOLLYWOOD, CA
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
TRAFFIC COUNTS
* Traffic Count Estimate
demogRaPhIc analysIs
42This Information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Z0140359
Rick E. RaymundoSenior Managing Director Investments
Senior Director, National Multi Housing Group
515 South Flower Street Suite 500Los Angeles, CA 90071(213) 943-1855 Direct
(213) 943-1961 Fax(818) 219-6146 Mobile
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L O S A N G E L E S C O U N T Y M U L T I F A M I L Y
EXCLUSIVELY LISTED BY:
Anthony Rodriguez, MBAAssociate Member
National Multi Housing Group
515 South Flower Street Suite 500Los Angeles, CA 90071(213) 943-1851 Direct
(213) 943-1961 Fax(949) 343-0202 Mobile