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Listed -10 Unit Apartment Building - Los Angeles CA
Citation preview
May 21, 2008
fax (310) 802-2560
Prepared for:Holbrook Investments, LLC
Presented by:Scott Rosenberg
Investment Associate
tel. (310) 802-2550
2615 Cullen StreetLos Angeles, CA 90034
Apartment
23740 Hawthorne Boulevard
Torrance, CA 90505
Table of Contents
1. Subject Property ProfileAerial PhotoParcel Map
2. Operating InformationIncome & Expense AnalysisPricing Analysis and Opinion of Value
3. Rent Roll
4. Sales Comparables Individual Comparable Property ProfilesSummary of Comparable SalesSales Comparables Map
5. Area InformationDemographics
6. Marketing StrategyMarketing Plan and Timeline
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
2615 Cullen Street, Los Angeles, CA 90034Property Profile
Property Address: 2615 Cullen StreetLos Angeles, CA 90034
Assessor Parcel #: 5065-006-019
Units: 10
Year Built: 1959
Building Size: 6,227
Lot Size: 7,231
Zoning: LAR3
Construction: Wood Frame
Roof Type: pitched
Parking: 8 (2 garage/6 carport)
Amenities
Investment Highlights
● Desirable and unique location - "Culver Arts District"● Alley acces with covered parking● Excellent unit mix● True upside potential
Scott Rosenberg, Investment Associate
Unit Amenities
Common Area Amenities
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Refrigerator
Dishwasher
FireplaceBalcony/Patio
Cable Ready/DSL
Stove
Central A/C
FurnishedWasher/Dryer
Disposal
Utilities Paid
Wall A/C
Pool
Spa
ClubhouseLaundry Room
Elevator
Fitness Center
BBQ Area
SundeckSecured Entry
Secured Parking
Sauna
Playground
2615 Cullen Street, Los Angeles, CA 90034Aerial Map
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034Parcel Map
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Investment Characteristics
Unit Mix & Rent Schedule
# of Units Type
Monthly Income Avg. Rents
Market Rent
Monthly Income
2 Single $ 630 - 928 1,558$ 779$ 950$ 1,900$ 4 1 + 1 $ 648 - 1,200 3,816$ 954$ 1,250$ 5,000$ 4 2 + 1 $ 1,106 - 1,419 5,009$ 1,252$ 1,450$ 5,800$
Garage 250$ 1,000$
10 10,633$ 1,038$ 13,700$
Income & Expenses
Price: $ 1,400,000 Current ProformaDown: $ 330,919 Annualized AnnualizedLoan Amount: $ 1,069,081 Scheduled Gross Income 127,596$ 164,400$
Laundry Income 1,800$ 1,800$ Price / Unit: $ 140,000Price/ Sq Foot $ 224.83 Total Scheduled Gross Income 129,396$ 166,200$ Price/ Sq Ft Land $ 193.61 Vacancy Rate 3% 3,828$ 4,932$ GRM: 10.82Cap Rate: 5.96% Effective Operating Income 125,568$ 161,268$ Cap Rate(Proforma): 8.51%
Expenses % SGINo. of Units: 10 16,800$ 13.0% 16,800$ Year Built: 1959 New Insurance Quote 3,500$ 2.7% 3,500$ Square Footage: 6,227 Utilities 5,750$ 4.4% 5,750$ Lot Size: 7,231 1,200$ 0.9% 1,200$ Construction Type: Wood Frame Off Site Management Fees 6,470$ 5.0% 6,470$ Zoning: LAR3 -$ 0.0% -$ Roof Type: pitched Repairs & Maintenance 5,000$ 3.9% 5,000$ Parking: 8 (2 garage/6 carport) Landscaping 960$ 0.7% 960$ Type: Apartment Complex Reserves for Replacement 2,500$ 1.9% 2,500$
Parcel No.: 5065-006-019Total Expenses 42,180$ 32.6% 42,180$
Per Unit 4,218$ 4,218$ Per Foot 6.77$ 6.77$
Net Operating Income 83,388$ 119,088$
Direct Line: Less: Debt Service 69,490$ 69,490$ Direct Fax:email: Pre-Tax Cash Flow 13,898$ 49,598$
310-802-2560
NOTES: Figures are estimates only and based on industry standards. These numbers should be adequate considering the recent renovations and upgrades to the property. Property taxes are based on a reassessment at the current tax rate.
ReMax Commercial Realty and Agent makes no warranty or representation about the content of this brochure. It is your responsibility to indendependtly confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for
Property Taxes
Rubbish
23740 Hawthorne Boulevard, Torrance, CA 90505 tel. (310) 802-2550 fax (310) 802-2560
Broker Contact
Scott Rosenberg
2615 Cullen Street, Los Angeles, CA 90034
310-802-2550
Subject Photo
Property Profile
Current Rent
Pricing Summary
On Site Management
Rent Roll
Unit # Unit TypeCurrent
Rent IncreasePro Forma
Rent
1 1 + 1 $984 4% Oct $1,2502 2 + 1 $1,248 3% April $1,4503 2 + 1 $1,236 4% Oct $1,4504 Single $928 3% May $9505 1 + 1 $648 3% May $1,2506 2 + 1 $1,106 3% March $1,4507 2 + 1 $1,419 4% Nov $1,4508 Single $630 3% April $9509 1 + 1 $1,200 4% July $1,25010 1 + 1 $984 3% April $1,250
Garage $250 $1,000
$10,633 $13,700
Scott Rosenberg, Investment Associate
2615 Cullen Street, Los Angeles, CA 90034
TOTALS:
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Subject Sale Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 10 GRM: 10.82Price: $1,400,000 Cap Rate: 5.96%Down Payment: $330,919Price Per Unit: $140,000 S 2Price Per Sq. Ft: $224.83 1+1 4Year Built: 1959 2+1 4Construction: Wood Frame 2+1.5 0Building Sq. Ft.: 6,227 2+2 0Land Area Sq. Ft.: 7,231 3+1 0Zoning: LAR3 3+2 0
3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
$4,218
$6.77
Subject
$3,828
$42,180
$129,396
$83,388
$1,069,081
90034
Unit Mix:
2615 Cullen Street
Vital Data
CommentsIn comparing the subject property’s indices to that of comparable properties that haverecently sold or are currently on the market, the subject property is priced in accordancewith current market valuation indices.
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 8 GRM: 12.41Price: $1,200,000 Cap Rate: 5.24%Down Payment: $475,000Price Per Unit: $150,000 S 0Price Per Sq. Ft: $213.75 1+1 6Year Built: 1958 2+1 2Construction: Woodframe/Stucco 2+1.5 0Building Sq. Ft.: 5,614 2+2 0Land Area Sq. Ft.: 7,492 3+1 0Zoning: R3 3+2 0Close of Escrow: 12-Mar-08 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Comments
3110 Livonia Avenue
$5.51
Unit Mix:39%
$62,861
90034
Vital Data
Income and expenses estimated based on sales data provided.
$30,946
$3,868
Comparable 1
$96,708
$2,901
$725,000
2615 Cullen Street, Los Angeles, CA 90034Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 7 GRM: 12.43Price: $1,450,000 Cap Rate: 5.19%Down Payment: $614,479Price Per Unit: $207,143 S 1Price Per Sq. Ft: $224.63 1+1 0Year Built: 1965 2+1 0Construction: Woodframe/Stucco 2+1.5 4Building Sq. Ft.: 6,455 2+2 0Land Area Sq. Ft.: 7,928 3+1 0Zoning: R3 3+2 2Close of Escrow: In Contract 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Comments
$5,425
$5.88
$75,196
$1,260,000
$116,652
$3,482
$37,974
42% Unit Mix:
3732 Westwood Boulevard90034
Vital Data
Comparable 2
Income and expenses estimated based on sales data provided.
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 13 GRM: 12.22Price: $1,850,000 Cap Rate: 4.87%Down Payment: $798,494Price Per Unit: $142,308 S 0Price Per Sq. Ft: $235.94 1+1 13Year Built: 1969 2+1 0Construction: Wood Frame 2+1.5 0Building Sq. Ft.: 7,841 2+2 0Land Area Sq. Ft.: 9,213 3+1 0Zoning: LAR3 3+2 0Close of Escrow: In Contract 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Comparable 3
$151,380
$4,511
$56,834
$4,372
$7.25
$90,035
Unit Mix:
$1,051,506
3910 Beethoven St90066
CommentsIncome and expenses are estimated based on data provided. This transaction is undercontract. Final sales price is confidential.
Vital Data
43%
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 10 GRM: 13.02Price: $1,280,000 Cap Rate: 4.99%Down Payment: $512,000Price Per Unit: $128,000 S 0Price Per Sq. Ft: $221.99 1+1 10Year Built: 1961 2+1 0Construction: Woodframe/Stucco 2+1.5 0Building Sq. Ft.: 5,766 2+2 0Land Area Sq. Ft.: 7,623 3+1 0Zoning: R3-1 3+2 0Close of Escrow: 19-Feb-08 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Comparable 4
$98,300
$2,949
$31,456
$3,146
$5.46
$63,895
$768,000
4110 Inglewood Blvd90066
Vital Data
40% Unit Mix:
CommentsIncome and expenses are estimated based on sales data provided.
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 7 GRM: 12.90Price: $1,150,000 Cap Rate: 5.04%Down Payment: $407,000Price Per Unit: $164,286 S 0Price Per Sq. Ft: $196.01 1+1 7Year Built: 1957 2+1 0Construction: Woodframe/Stucco 2+1.5 0Building Sq. Ft.: 5,867 2+2 0Land Area Sq. Ft.: 7,971 3+1.5 0Zoning: R4-1 3+2 0Close of Escrow: 08-May-08 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
CommentsIncome and expenses are estimated based on sales data provided.
$57,858
$743,000
3757 Westwood Blvd
Comparable 5
$89,150
Vital Data
90034
$2,764
$28,528
$4,075
$4.86
35% Unit Mix:
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 11 GRM: 12.93Price: $1,739,500 Cap Rate: 5.03%Down Payment: $1,739,500Price Per Unit: $158,136 S 0Price Per Sq. Ft: $231.07 1+1 10Year Built: 1957 2+1 1Construction: Woodframe/Stucco 2+1.5 0Building Sq. Ft.: 7,528 2+2 0Land Area Sq. Ft.: 7,362 3+1 0Zoning: R4 3+2 0Close of Escrow: 16-May-08 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Comparable 6
$134,496
$4,034
$43,038
$3,913
$5.72
$87,424
$0
10475 National Blvd
Income and expenses are estimated based on sales data provided.
90034
Vital Data
Comments
100% Unit Mix:
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 20 GRM: 14.39Price: $2,850,000 Cap Rate: 4.31%Down Payment: $1,257,500Price Per Unit: $142,500 S 0Price Per Sq. Ft: $193.01 1+1 16Year Built: 1954 2+1 4Construction: Woodframe/Stucco 2+1.5 0Building Sq. Ft.: 14,766 2+2 0Land Area Sq. Ft.: 16,553 3+1 0Zoning: R3 3+2 0Close of Escrow: 05-Aug-08 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Income and expenses estimated based on sales data provided.Comments
44% Unit Mix:
90034
Vital Data
3565 S. Sepulveda blvd
$198,000
$5,940
$1,592,500
$69,300
$3,465
$4.69
$122,760
Comparable 7
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
Income:
3% Vacancy
Expenses:
Expenses/Unit:
Expenses/Sq.Ft.:
NOI:
Financing:
Units: 8 GRM: 12.77Price: $1,245,000 Cap Rate: 4.86%Down Payment: $617,500Price Per Unit: $155,625 S 8Price Per Sq. Ft: $208.05 1+1 0Year Built: 1957 2+1 0Construction: Woodframe/Stucco 2+1.5 0Building Sq. Ft.: 5,984 2+2 0Land Area Sq. Ft.: 7,100 3+1 0Zoning: R3-1 3+2 0Close of Escrow: 26-Aug-08 3+3 0
Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
CommentsIncome and expenses are estimated based on sales data provided.
50% Unit Mix:
12757 Mitchell Ave90066
Vital Data
$4,266
$5.70
$60,450
$627,500
$97,500
$2,925
$34,125
Comparable 8
2615 Cullen Street, Los Angeles, CA 90034
Comp # Address Zip Code Units Age Sale Price $/Unit $/Foot GRM Cap Rate COE1 3110 Livonia Avenue 90034 8 1958 1,200,000$ 150,000$ 213.75$ 12.41 5.24% 12-Mar-082 3732 Westwood Boulevard 90034 7 1965 1,450,000$ 207,143$ 224.63$ 12.43 5.19% In Contract3 3910 Beethoven St 90066 13 1969 1,850,000$ 142,308$ 235.94$ 12.22 4.87% In Contract4 4110 Inglewood Blvd 90066 10 1961 1,280,000$ 128,000$ 221.99$ 13.02 4.99% 19-Feb-085 3757 Westwood Blvd 90034 7 1957 1,150,000$ 164,286$ 196.01$ 12.90 5.04% 8-May-086 10475 National Blvd 90034 11 1957 1,739,500$ 158,136$ 231.07$ 12.93 5.03% 16-May-087 3565 S. Sepulveda blvd 90034 20 1954 2,850,000$ $142,500 193.01$ 14.39 4.31% 5-Aug-088 12757 Mitchell Ave 90066 8 1957 1,245,000$ $155,625 $208.05 12.77 4.86% 26-Aug-08
Average 11 1960 1,595,563$ 156,000$ 215.56$ 12.88 4.94%Subject 2615 Cullen Street 90034 10 1959 $1,400,000 $140,000 $224.83 10.82 5.96%
Scott Rosenberg, Investment Associate23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Summary of Comparable Sales
2615 Cullen Street, Los Angeles, CA 90034
Scott Rosenberg, Investment Associate23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Summary of Comparable Sales
$213.
75
$224
.63
$235.
94
$221.
99
$196
.01
$231.
07
$193
.01
$208
.05
$215.
56
$224.8
3
$50.00
$150.00
$250.00
$350.00
$450.00
1 2 3 4 5 6 7 8
Average
Subject
$/Foot
$150
,000 $2
07,14
3
$142
,308
$128
,000
$164
,286
$158
,136
$142,5
00
$155,6
25
$156
,000
$140,0
00
$-
$100,000
$200,000
$300,000
$400,000
$500,000
1 2 3 4 5 6 7 8
Avera
ge
Subjec
t
$/Unit
2615 Cullen Street, Los Angeles, CA 90034
Scott Rosenberg, Investment Associate23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Summary of Comparable Sales
12.41
12.43
12.22 13.
0212.
9012.
9314.
39
12.77 12.
88
10.82
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
1 2 3 4 5 6 7 8
Avera
ge
Subjec
t
GRM
5.24% 5.1
9%
4.87%
4.99%
5.04%
5.03%
4.31% 4.8
6%4.9
4%5.9
6%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
1 2 3 4 5 6 7 8
Average
Subjec
t
Cap Rate
2615 Cullen Street, Los Angeles, CA 90034
Subject 2615 Cullen Street 900341 3110 Livonia Avenue 900342 3732 Westwood Boulevard 900343 3910 Beethoven St 900664 4110 Inglewood Blvd 900665 3757 Westwood Blvd 900346 10475 National Blvd 900347 3565 S. Sepulveda blvd 900348 12757 Mitchell Ave 90066
Scott Rosenberg, Investment Associate
Sales Comparables Map
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Demographic Profile ExpandedCensus, Estimates & Projections
January 2009
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Lon: -118.377084 / Lat: 34.033898
©2009 Sites USA, Chandler, Arizona, 480-491-1112
2615 Cullen Street1.00 Mile 3.00 Miles 5.00 Miles
Los Angeles, CAPopulation
Estimated Population (2008) 35,988 331,521 968,665
Census Population (1990) 34,514 303,614 894,472
Census Population (2000) 35,260 318,167 930,323
Projected Population (2013) 36,328 338,086 989,499
Forecasted Population (2018) 36,907 349,034 1,022,344
Historical Annual Growth 1990 to 2000 746 0.2 % 14,554 0.5 % 35,850 0.4 %
Historical Annual Growth 2000 to 2008 728 0.2 % 13,354 0.5 % 38,342 0.4 %
Projected Annual Growth 2008 to 2013 340 0.2 % 6,564 0.4 % 20,835 0.4 %
Est. Population Density (2008) 11,488.11 psm 11,777.70 psm 12,393.80 psm
Trade Area Size 3.13 sq mi 28.15 sq mi 78.16 sq mi
HouseholdsEstimated Households (2008) 11,902 138,719 387,411
Census Households (1990) 12,070 133,322 370,554
Census Households (2000) 12,154 138,199 386,424
Projected Households (2013) 11,748 138,503 387,484
Forecasted Households (2018) 11,509 138,558 387,902
Households with Children (2008) 4,681 39.3 % 36,075 26.0 % 101,536 26.2 %
Average Household Size 3.02 2.39 2.50
Average Household IncomeEst. Average Household Income (2008) 61,027 80,709 79,845
Proj. Average Household Income (2013) $70,323 $92,837 $91,463
Average Family Income (2008) $67,980 $98,844 $96,289
Median Household IncomeEst. Median Household Income (2008) $46,648 $57,149 $56,157
Proj. Median Household Income (2013) $51,562 $63,466 $62,341
Median Family Income (2008) $52,691 $73,498 $72,432
Per Capita IncomeEst. Per Capita Income (2008) $20,847 $34,397 $32,905
Proj. Per Capita Income (2013) $23,436 $38,678 $36,816
Per Capita Income Est. 5 year change $2,588.68 -11.0 %$4,280.70 -11.1 %$3,910.49 -10.6 %
Other IncomeEst. Disposable Income (2008) $39,556 $47,353 $46,602
Proj. Disposable Income (2013) $43,423 $52,001 $51,189
Disposable Income Est. 5 year change $3,867.19 9.8 %$4,648.23 9.8 %$4,586.55 9.8 %
Est. Average Household Net Worth (2008) $414,659 $516,838 $498,685
Daytime DemosTotal Number of Businesses (2008) 1,909 24,390 58,230
Total Number of Employees (2008) 21,269 228,378 564,838
Company Headqtrs: Businesses (2008) 7 0.4 % 136 0.6 % 323 0.6 %
Company Headqtrs: Employees (2008) 447 2.1 % 12,899 5.6 % 27,901 4.9 %
Unemployment Rate (2008) 4.71 % 3.96 % 4.40 %
Employee Population Per Business 11.1 to 1 9.4 to 1 9.7 to 1
Residential Population per Business 18.9 to 1 13.6 to 1 16.6 to 1Demographic Source: Applied Geographic Solutions / TIGER Geography
Page 1 of 5
Demographic Profile ExpandedCensus, Estimates & Projections
January 2009
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Lon: -118.377084 / Lat: 34.033898
©2009 Sites USA, Chandler, Arizona, 480-491-1112
2615 Cullen Street1.00 Mile 3.00 Miles 5.00 Miles
Los Angeles, CARace & Ethnicity
White (2008) 12,016 33.4 % 148,917 44.9 % 420,839 43.4 %
Black or African American (2008) 8,414 23.4 % 71,347 21.5 % 176,662 18.2 %
American Indian & Alaska Native (2008) 129 0.4 % 971 0.3 % 3,097 0.3 %
Asian (2008) 2,662 7.4 % 37,425 11.3 % 128,322 13.2 %
Hawaiin & Pacific Islander (2008) 153 0.4 % 725 0.2 % 2,014 0.2 %
Other Race (2008) 10,276 28.6 % 49,792 15.0 % 176,583 18.2 %
Multi Race (2008) 2,338 6.5 % 22,343 6.7 % 61,146 6.3 %
Not Hispanic or Latino Population (2008) 18,122 50.4 % 233,794 70.5 % 637,121 65.8 %
Hispanic or Latino Population (2008) 17,866 49.6 % 97,727 29.5 % 331,543 34.2 %
Not of Hispanic Origin Population (1990) 22,993 66.6 % 247,873 81.6 % 672,626 75.2 %
Hispanic Origin Population (1990) 11,521 33.4 % 55,741 18.4 % 221,846 24.8 %
Not Hispanic or Latino Population (2000) 19,175 54.4 % 241,601 75.9 % 658,837 70.8 %
Hispanic or Latino Population (2000) 16,085 45.6 % 76,566 24.1 % 271,485 29.2 %
Not Hispanic or Latino Population (2013) 17,472 48.1 % 228,029 67.4 % 622,331 62.9 %
Hispanic or Latino Population (2013) 18,856 51.9 % 110,056 32.6 % 367,169 37.1 %
Hist. Hispanic Ann Growth (1990 to 2008) 6,345 3.7 % 41,986 5.0 % 109,697 3.3 %
Proj. Hispanic Ann Growth (2008 to 2013) 990 1.1 % 12,329 2.5 % 35,625 2.1 %
AgeAge 0 to 4 yrs (2008) 2,557 7.1 % 19,762 6.0 % 57,714 6.0 %
Age 5 to 9 yrs (2008) 2,640 7.3 % 19,553 5.9 % 57,166 5.9 %
Age 10 to 14 yrs (2008) 2,769 7.7 % 20,088 6.1 % 58,215 6.0 %
Age 15 to 19 yrs (2008) 2,612 7.3 % 19,710 5.9 % 62,258 6.4 %
Age 20 to 24 yrs (2008) 2,766 7.7 % 23,374 7.1 % 76,983 7.9 %
Age 25 to 29 yrs (2008) 2,703 7.5 % 26,614 8.0 % 78,446 8.1 %
Age 30 to 34 yrs (2008) 2,649 7.4 % 26,287 7.9 % 76,986 7.9 %
Age 35 to 39 yrs (2008) 2,812 7.8 % 26,137 7.9 % 76,334 7.9 %
Age 40 to 44 yrs (2008) 2,745 7.6 % 25,462 7.7 % 73,770 7.6 %
Age 45 to 49 yrs (2008) 2,653 7.4 % 24,603 7.4 % 70,418 7.3 %
Age 50 to 54 yrs (2008) 2,331 6.5 % 22,807 6.9 % 64,657 6.7 %
Age 55 to 59 yrs (2008) 1,990 5.5 % 19,271 5.8 % 54,438 5.6 %
Age 60 to 64 yrs (2008) 1,509 4.2 % 15,060 4.5 % 43,613 4.5 %
Population age 65-74 (2008) 1,700 4.7 % 19,852 6.0 % 57,355 5.9 %
Population age 75-84 (2008) 1,066 3.0 % 15,022 4.5 % 40,344 4.2 %
Population age 85+ (2008) 483 1.3 % 7,918 2.4 % 19,970 2.1 %
Median Age (2008) 32.7 yrs 36.2 yrs 35.3 yrs
Gender Age DistributionPopulation Female (2008) 18,557 51.6 % 174,975 52.8 % 497,036 51.3 %
Age 0 to 19 yrs (2008) 5,181 27.9 % 39,325 22.5 % 116,109 23.4 %
Age 20 to 64 yrs (2008) 11,434 61.6 % 109,904 62.8 % 311,579 62.7 %
Age 65 yrs plus (2008) 1,942 10.5 % 25,747 14.7 % 69,348 14.0 %
Median Age Females (2008) 34.3 Yrs 37.6 Yrs 36.7 Yrs
Population Male (2008) 17,431 48.4 % 156,546 47.2 % 471,629 48.7 %
Age 0 to 19 yrs (2008) 5,398 31.0 % 39,788 25.4 % 119,244 25.3 %
Age 20 to 64 yrs (2008) 10,725 61.5 % 99,713 63.7 % 304,065 64.5 %
Age 65 yrs plus (2008) 1,307 7.5 % 17,046 10.9 % 48,320 10.2 %
Median Age Males (2008) 31.2 yrs 34.7 yrs 34.0 yrs
Demographic Source: Applied Geographic Solutions / TIGER Geography
Page 2 of 5
Demographic Profile ExpandedCensus, Estimates & Projections
January 2009
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Lon: -118.377084 / Lat: 34.033898
©2009 Sites USA, Chandler, Arizona, 480-491-1112
2615 Cullen Street1.00 Mile 3.00 Miles 5.00 Miles
Los Angeles, CAHousehold Income Distribution
HH Income $200,000 or More (2008) 392 3.3 % 9,440 6.8 % 26,882 6.9 %
HH Income $150,000 to 199,999 (2008) 401 3.4 % 6,626 4.8 % 16,611 4.3 %
HH Income $100,000 to 149,999 (2008) 1,086 9.1 % 15,744 11.3 % 40,599 10.5 %
HH Income $75,000 to 99,999(2008) 1,168 9.8 % 14,940 10.8 % 37,639 9.7 %
HH Income $50,000 to 74,999(2008) 1,936 16.3 % 24,025 17.3 % 62,463 16.1 %
HH Income $35,000 to 49,999(2008) 1,974 16.6 % 19,272 13.9 % 53,945 13.9 %
HH Income $25,000 to 34,999(2008) 1,551 13.0 % 14,193 10.2 % 41,344 10.7 %
HH Income $15,000 to 24,999(2008) 1,453 12.2 % 13,824 10.0 % 42,732 11.0 %
HH Income $0 to 14,999 (2008) 1,941 16.3 % 20,655 14.9 % 65,195 16.8 %
HH Income $35000+ (2008) 6,957 58.5 % 90,048 64.9 % 238,139 61.5 %
HH Income $75000+ (2008) 3,047 25.6 % 46,750 33.7 % 121,730 31.4 %
HousingTotal Housing Units (2008) 12,627 147,646 412,684
Housing Units Occupied (2008) 11,902 94.3 % 138,719 94.0 % 387,411 93.9 %
Housing Units, Owner Occupied (2008) 4,847 38.4 % 47,329 32.1 % 131,369 31.8 %
Housing Units, Renter Occupied (2008) 7,055 55.9 % 91,390 61.9 % 256,042 62.0 %
Housing Units, Vacant (2008) 725 5.7 % 8,927 6.0 % 25,274 6.1 %
Median Years in Residence (2008) 3 yrs 3 yrs 3 yrs
Marital StatusNever Married (2008) 10,699 38.2 % 104,865 38.6 % 322,227 40.5 %
Now Married (2008) 11,295 40.4 % 102,667 37.8 % 291,145 36.6 %
Separated (2008) 2,009 7.2 % 17,250 6.3 % 58,355 7.3 %
Widowed (2008) 1,335 4.8 % 17,619 6.5 % 47,445 6.0 %
Divorced (2008) 2,640 9.4 % 29,324 10.8 % 76,469 9.6 %
Household TypePopulation Family (2008) 30,546 84.9 % 244,088 73.6 % 702,871 72.6 %
Population Non-Family (2008) 5,260 14.6 % 84,336 25.4 % 246,845 25.5 %
Population Group Qtrs (2008) 181 0.5 % 3,097 0.9 % 18,948 2.0 %
Family Household (2008) 7,803 65.6 % 70,631 50.9 % 197,381 50.9 %
Married Couple Family With Kids (2008) 2,623 54.1 % 20,695 43.7 % 59,060 45.0 %
Average Family Household Size (2008) 3.91 3.46 3.56
Non-Family Household (2008) 4,099 34.4 % 68,088 49.1 % 190,029 49.1 %
Household Size1 Person Household (2008) 3,236 27.2 % 55,299 39.9 % 151,073 39.0 %
2 Person Households (2008) 2,592 21.8 % 33,632 24.2 % 91,511 23.6 %
3 Person Households (2008) 1,654 13.9 % 16,162 11.7 % 44,873 11.6 %
4 Person Households (2008) 1,986 16.7 % 17,246 12.4 % 49,255 12.7 %
5 Person Households (2008) 1,171 9.8 % 8,700 6.3 % 25,810 6.7 %
6+ Person Households (2008) 1,263 10.6 % 7,680 5.5 % 24,888 6.4 %
Household VehiclesTotal Vehicles Available (2008) 20,514 242,536 668,507
Household: 0 Vehicles Available (2008) 1,186 5.8 % 13,381 5.5 % 41,221 6.2 %
Household: 1 Vehicles Available (2008) 4,560 22.2 % 59,609 24.6 % 166,205 24.9 %
Household: 2+ Vehicles Available (2008) 6,157 30.0 % 65,729 27.1 % 179,984 26.9 %
Average Vehicles Per Household (2008) 2 2 2
Demographic Source: Applied Geographic Solutions / TIGER Geography
Page 3 of 5
Demographic Profile ExpandedCensus, Estimates & Projections
January 2009
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Lon: -118.377084 / Lat: 34.033898
©2009 Sites USA, Chandler, Arizona, 480-491-1112
2615 Cullen Street1.00 Mile 3.00 Miles 5.00 Miles
Los Angeles, CALabor Force
Est. Labor: Population Age 16+ (2008) 27,504 267,723 784,160
Est. Civilian Employed (2008) 17,004 61.8 % 169,581 63.3 % 484,889 61.8 %
Est. Civilian Unemployed (2008) 1,294 4.7 % 10,590 4.0 % 34,540 4.4 %
Est. In Armed Forces (2008) 16 0.1 % 55 0.0 % 199 0.0 %
Est. Not in Labor Force (2008) 9,190 33.4 % 87,497 32.7 % 264,533 33.7 %
Occupation (2000)Occupation: Population 16+ 15,036 150,982 429,367
Mgmt, Business, & Financial Operations 1,691 11.2 % 25,206 16.7 % 65,818 15.3 %
Professional and Related 2,784 18.5 % 43,163 28.6 % 117,501 27.4 %
Service 3,022 20.1 % 20,488 13.6 % 67,726 15.8 %
Sales and Office 4,576 30.4 % 44,582 29.5 % 118,671 27.6 %
Farming, Fishing, and Forestry 10 0.1 % 60 0.0 % 362 0.1 %
Construction, Extraction, & Maintenance 1,289 8.6 % 6,683 4.4 % 21,557 5.0 %
Production, Transport, & Material Moving 1,663 11.1 % 10,799 7.2 % 37,731 8.8 %
Percent White Collar Workers 60.2 % 74.8 % 70.3 %
Percent Blue Collar Workers 39.8 % 25.2 % 29.7 %
Consumer Expenditure (in Thousands)Total Household Expenditure (2008) $589,827 $8,306,061 $22,978,885
Total Non-Retail Expenditures (2008) $339 57.5 % $4,780 57.5 % $13,217 57.5 %
Total Retail Expenditures (2008) $251 42.5 % $3,526 42.5 % $9,762 42.5 %
Apparel (2008) $29 4.9 % $403 4.9 % $1,116 4.9 %
Contributions (2008) $21 3.6 % $330 4.0 % $920 4.0 %
Education (2008) $14 2.4 % $219 2.6 % $611 2.7 %
Entertainment (2008) $33 5.5 % $463 5.6 % $1,280 5.6 %
Food And Beverages (2008) $92 15.6 % $1,261 15.2 % $3,491 15.2 %
Furnishings And Equipment (2008) $25 4.3 % $365 4.4 % $1,007 4.4 %
Gifts (2008) $15 2.6 % $230 2.8 % $639 2.8 %
Health Care (2008) $36 6.2 % $495 6.0 % $1,372 6.0 %
Household Operations (2008) $21 3.5 % $307 3.7 % $851 3.7 %
Miscellaneous Expenses (2008) $10 1.7 % $138 1.7 % $380 1.7 %
Personal Care (2008) $9 1.5 % $120 1.4 % $332 1.4 %
Personal Insurance (2008) $6 1.0 % $88 1.1 % $246 1.1 %
Reading (2008) $2 0.3 % $27 0.3 % $76 0.3 %
Shelter (2008) $114 19.3 % $1,612 19.4 % $4,463 19.4 %
Tobacco (2008) $4 0.7 % $52 0.6 % $143 0.6 %
Transportation (2008) $117 19.9 % $1,621 19.5 % $4,462 19.4 %
Utilities (2008) $42 7.2 % $574 6.9 % $1,590 6.9 %
Educational AttainmentAdult Population (25 Years+)(2008) 22,642 229,034 656,329
Elementary (0 to 8)(2008) 3,221 14.2 % 19,045 8.3 % 68,287 10.4 %
Some High School (9 to 11)(2008) 2,348 10.4 % 16,533 7.2 % 51,728 7.9 %
High School Graduate (12)(2008) 5,552 24.5 % 47,877 20.9 % 140,042 21.3 %
Some College (13 to 16)(2008) 4,159 18.4 % 39,236 17.1 % 108,196 16.5 %
Associate Degree Only(2008) 1,467 6.5 % 15,196 6.6 % 42,043 6.4 %
Bachelor Degree Only(2008) 3,934 17.4 % 57,542 25.1 % 158,119 24.1 %
Graduate Degree(2008) 1,960 8.7 % 33,605 14.7 % 87,915 13.4 %
Demographic Source: Applied Geographic Solutions / TIGER Geography
Page 4 of 5
Demographic Profile ExpandedCensus, Estimates & Projections
January 2009
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Lon: -118.377084 / Lat: 34.033898
©2009 Sites USA, Chandler, Arizona, 480-491-1112
2615 Cullen Street1.00 Mile 3.00 Miles 5.00 Miles
Los Angeles, CAUnits In Structure
1 Detached Unit (2000) 5,016 39.6 % 38,655 26.7 % 112,600 27.8 %
1 Attached Unit (2000) 785 6.2 % 7,030 4.9 % 19,493 4.8 %
2 to 4 Units (2000) 2,480 19.6 % 23,180 16.0 % 53,059 13.1 %
5 to 9 Units (2000) 2,147 17.0 % 23,764 16.4 % 60,078 14.8 %
10 to 19 Units (2000) 1,533 12.1 % 19,874 13.7 % 59,222 14.6 %
20 to 49 Units (2000) 645 5.1 % 17,642 12.2 % 55,938 13.8 %
50 or more Units (2000) 57 0.5 % 14,215 9.8 % 43,464 10.7 %
Mobile Home or Trailer (2000) 0 195 646
Other Structure (2000) 0 16 76
Homes Built By YearHomes Built 1999 to 2000 24 0.2 % 495 0.3 % 1,453 0.4 %
Homes Built 1995 to 1998 94 0.7 % 1,934 1.3 % 5,349 1.3 %
Homes Built 1990 to 1994 187 1.5 % 4,107 2.8 % 13,178 3.3 %
Homes Built 1980 to 1989 652 5.1 % 11,870 8.2 % 37,313 9.2 %
Homes Built 1970 to 1979 1,086 8.6 % 18,451 12.8 % 56,229 13.9 %
Homes Built 1960 to 1969 1,885 14.9 % 20,697 14.3 % 63,244 15.6 %
Homes Built 1950 to 1959 2,980 23.5 % 28,078 19.4 % 73,579 18.2 %
Homes Built Before 1949 5,755 45.4 % 58,938 40.8 % 154,231 38.1 %
Home Values (2000)Home Values $1,000,000+ 14 0.3 % 813 2.5 % 5,819 6.4 %
Home Values $500,000-$999,999 131 3.3 % 6,986 21.5 % 15,257 16.8 %
Home Values $400,000-$499,999 227 5.8 % 3,940 12.1 % 10,192 11.2 %
Home Values $300,000-$399,999 716 18.1 % 6,200 19.1 % 16,547 18.3 %
Home Values $200,000-$299,999 1,347 34.1 % 6,725 20.7 % 17,878 19.7 %
Home Values $150,000-$199,999 804 20.4 % 4,326 13.3 % 12,580 13.9 %
Home Values $100,000-$149,999 539 13.7 % 2,638 8.1 % 9,392 10.4 %
Home Values $70,000-$99,999 118 3.0 % 550 1.7 % 1,717 1.9 %
Home Values $50,000-$69,999 13 0.3 % 108 0.3 % 359 0.4 %
Home Values $25,000-$49,999 34 0.9 % 182 0.6 % 674 0.7 %
Home Values $0-$24,999 4 0.1 % 52 0.2 % 249 0.3 %
Owner Occupied Median Home Value $245,470 $376,455 $400,521
Renter Occupied Median Rent $646 $784 $739
Transportation to Work (2000)Drive to Work Alone 10,224 67.9 % 109,456 72.5 % 294,997 68.7 %
Drive to Work in Carpool 2,500 16.6 % 17,192 11.4 % 50,345 11.7 %
Travel to Work - Public Transportation 1,348 9.0 % 11,240 7.4 % 40,431 9.4 %
Drive to Work Motorcycle 28 0.2 % 316 0.2 % 735 0.2 %
Walk or Bicycle to Work 451 3.0 % 4,522 3.0 % 19,626 4.6 %
Other Means 55 0.4 % 808 0.5 % 2,456 0.6 %
Work at Home 450 3.0 % 7,513 5.0 % 20,979 4.9 %
Travel Time (2000)Travel to Work in 14 Minutes or Less 2,399 16.4 % 27,874 19.4 % 79,638 19.5 %
Travel to Work in 15 to 29 Minutes 6,054 41.5 % 58,759 40.9 % 154,833 37.9 %
Travel to Work in 30 to 59 Minutes 4,926 33.7 % 47,138 32.8 % 142,623 34.9 %
Travel to Work in 60 Minutes or More 1,227 8.4 % 9,763 6.8 % 31,495 7.7 %
Average Travel Time to Work 26 mins 25 mins 26 mins
Demographic Source: Applied Geographic Solutions / TIGER Geography
Page 5 of 5
This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Demographic Source: Applied Geographic Solutions / TIGER Geography 2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved.
Logos are fo
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ay be trad
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2615 Cullen StreetLos Angeles, CA
Current Year Estimated Median Age January, 2009
Lat:34.0
3390 Lo
n:-1
18.3
7708
This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Demographic Source: Applied Geographic Solutions / TIGER Geography 2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved.
Logos are fo
r iden
tification p
urp
oses o
nly an
d m
ay be trad
emarks o
f their resp
ective com
pan
ies.
2615 Cullen StreetLos Angeles, CA
Current Year Estimated Median Household Income
January, 2009
Lat:34.0
3390 Lo
n:-1
18.3
7708