LOS ANGELES - LoopNet...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

LOS ANGELES

32

CONFIDENTIALITY AND DISCLAIMER

Martin D. AgnewFirst Vice President Investments ENCINO Tel: (818) 212-2744Fax: (818) [email protected] License: CA 01339034

Ryan R-SerlingSenior AssociateENCINOTel: (818) 212-2725Fax: (818) [email protected] License: CA 01920619

Investment Sales:

OFFICES THROUGHOUT THE U.S. & CANADAwww.marcusmillichap.com

exclusively listed by: 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.

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) 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 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.

NON-ENDORSEMENT NOTICE

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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Aram GarikianAssociateENCINOTel: (818) 212-2669Fax: (818) [email protected] License: CA 02048363

54

Marcus & Millichap is thrilled to present 405 Towne Ave as

a quality, creative office/industrial/retail owner-user or

investment opportunity in the heart of the new and improved

North Sea Neighborhood of DTLA.

Located just 2 blocks from Little Tokyo & the Arts District, this

building is a diamond in the rough. It features dramatic, heavily

built pour-in-place concrete pillars, typical of early 20th century

brutalist architecture, giving the building tremendous upside

in terms of creative space. In addition, the building is fully

functional, with an elevator that services all three levels.

405 Towne Avenue offers a unique opportunity for an investor

to purchase a property in a truly transforming, and hidden

neighborhood within Downtown LA. The property is perfectly

positioned to capitalize on the little-known secret of The North

Sea Neighborhood, the tremendous commercial potency of

Central Los Angeles, the creative revitalization of Downtown LA,

and the surging values in the Arts District.

The property will be delivered vacant at close of escrow, allowing

the buyer to either occupy the space, or convert it to a leased

investment. 405 Towne’s two most outstanding features are its

abundance of natural light and developing location.

405 TOWNE AVELos Angeles, CA

Offering Summary

PRICE $3,600,000

Rentable Building Area 16,500 SF

1st Floor/Price Per SF 5,500 SF / $300.00 SF

2nd Floor/Price Per SF 5,500 SF / $279.54 SF

Basement/Price Per SF 5,500 SF / $75.00 SF

Price/SF $218.18

Year Built 1925

Lot Size 5,488 SF / 0.13 Acres

405 TOWNE AVE

SITE DESCRIPTION

Heavy Power 400a/ 277-480v/ 3p/ 4w

Clear Height 8’5” Basement - 11’5 2nd Fl - 15’5” 1st Fl

Loading 1 Drive-In Loading Door

Number of Levels 3

PARCEL

APN 5147-009-019

Zoning M2-2D

Highly Functional Building with Freight Elevator Access on Every Level

Centrally located in the New & Improved North Sea Neighborhood

Enormous Windows on all 4 Sides of the Building

Tremendous Amount of Natural Light

Brand New, Refreshing Landscaping in Sidewalk Cut-Out

Fully Sprinklered Basement

Three Retail Storefronts

3 Block Walk from Little Tokyo & the Arts District High Ceilings

Free Un-Metered Street Parking

Delivered Vacant and Ready for Move-in

Ideal For:-Numerous Creative Uses (Upon City Approval)-Conventional Warehouse/Office/Retail

76

405 TOWNE AVEFLOOR PLANS

2ND FLOOR

BASEMENT

1ST FLOOR

ELEVATOR

ELEVATOR

ELEVATOR

EMERGENCY STAIRCASE

EMERGENCY STAIRCASE

EMERGENCY STAIRCASE

STAIRS

STAIRS

STAIRS

12’

12’

3’3’

3’

12’

100’+_

55’+_

55’+_

55’+_

17’

648 SF OFFICE W/ MEZZ

17’

17’

17’17’

STAIRS

15’ 5” CLEAR+_

11’ 5” CLEAR+_

8’ 5” CLEAR+_

RR

RR

RR

8’ X 10’

10’ X 12’

98

Map

le Av

e

S Sa

n Pe

dro

St

S Br

oadw

ay

S Gr

and

Ave

S Hi

ll St

S M

ain S

tW Jefferson BlvdW Adams Blvd

E Washington Blvd

E Olympic Blvd

E Washington Blvd

Hoop

er A

ve

Mat

eo S

t

S Sa

nta

Fe A

ve

Soto

St

Soto

St

E 8th St

Whittier Blvd

Santa M

onica Fw

y

Harbor

Fwy

Sant

a An

a Fw

y

E 4th St

E 4th St

S Al

amed

a St

W 7th St

Wilshire Blvd

W 6th St

W 2nd St

S Al

vara

do S

t

E 6th StE 8th St

E 1st St

Downtown

MacArthur Park

FASHIONDISTRICT

SOUTHPARK

ARTS DISTRICT

FINANCIAL DISTRICT

HIST

ORIC

COR

E

CIVICCENTER

LITTLETOKYO

CHINATOWN

Los Angeles River

NORTHSEA

110

10

10

10

10

10

5

5

110

6060

110

101

101

101

405 TOWNE AVEDISTRICT NEIGHBORHOODS

8

1110

During the 1920’s, a relatively unknown, approximately twenty-acre northern section in the sprawling Los Angeles Industrial District was home to a concentrated number of businesses with names like American Fish, Holly Seafood and Central Fish & Oyster Company. With mottos like “If it swims, we have it!”, many of these family-operated companies were owned by Japanese, Italian and Irish immigrants who specialized in commercial fishing, processing, distribution and cross-pacific imports. Their smokehouses and cold storage facilities provided to local restaurants, hotels, airports, grocery stores, and civic institutions throughout Southern California.

In the late 1970’s, economic migration pushed the greater Industrial District near the brink of urban decay. Yet, dozens of these original seafood businesses remained and continued to operate, only hidden behind secure walls and fences. Sadly, their colorful, oceanic history faded while façades and sidewalks gradually fell into various states of disrepair.

In 2017, a close group of neighbors, including a handful of the 100 year-old seafood companies still owned by the original founders’ families, came together to reclaim their neighborhood’s lost identity as “The North Sea.” They’ve launched a self-funded, beautification program involving thematic murals, sidewalk landscaping, a variety of sculptural interventions, and lots and lots of elbow grease. Their mission is to restore a sense of place and community pride. They hope you enjoy our results! Please come visit them soon!

405 TOWNE AVE

NEIGHBORS:

Alaska Seafood

American Knitting

Game Source

Homeless Healthcare

Kansas Marine

Little Space Gallery

Los Angeles Fish

Company

Marvimon Productions

Mutual Trading

On-Line Seafood

One Potato

Rodriguez Seafood

Sea Marx Seafood

Umeya Rice Cake

Wild Fish

Yemetz Family Farm

www.northseadtla.net

1110

12

MarvimonProductions

Valentine and The Grass Room

Little Space

Gallerywith beer and wine

garden Coming Soon

LittLe Space GaLLeryLITTLE SPACE GALLERY, 603 EAST 4TH STREET, LOS ANGELES, CA, 90013

Founded by glassblower and sculptor Flynn Helper in 2016, the Little Space venue offers nearly 5,000 sq/ft of creative space, and a soon to come beer and wine garden.

“Little Space breaks the blue-chip norm of contemporary art in order to present some of the most innovative artists and musicians to the LA area. Little Space strives to share the narratives of creative artists, both emerging and seasoned. In other words: we work to keep the LA art scene at the top of its game.”

MarviMon productionSMARVIMON, 616 E 4TH ST, LOS ANGELES, CA 90013“We reinvent neglected, overlooked properties by adding love, plants and water. Original materials, objects and light are mixed in with the old in unexpected ways. Our experimental designs are informed by each site’s history both real and imagined.”

“Valentine, and The Grass Room are the two newest DTLA venues. Located in the blossoming North Sea Neighborhood, just around the corner from Millwick, directly across the street from Flora Chang and connected at the hip with each other, both are officially open to private events, courtyard wedding ceremonies and receptions, exhibitions and productions.”

“Flora Chang is an intimate gathering space for up to 30 guests, plus staff, perfect for private parties, rehearsal dinners, photo-shoots and more. It’s also a showroom/gallery for artworks, handmade objects and other far out stuff available at florachangshop.”

e. 4th Street

tow

ne

av

e

Sta

nfo

rd a

ve

S centraL a

ve

MarvimonProductionsFlora Chang

www.littlespacegallery.com

www.marvimon.com12 13

1514

E 4TH ST

E 4TH ST

E 4TH ST

E 3RD ST

S CEN

TRAL

AVE

TOWNE AVE

STANFORD A

VEGLADY

S AVE

E 6TH ST

6TH ST

KOHLER ST

7TH ST

S HEW

ITT ST

E 5TH ST

PALMETTO ST

PALMETTO ST

S SANTA

FE AVE7TH ST

TRACTIO

N AV

E

WILLOW SE ST

S ALAM

EDA S

T

10 5 13

12

14

69

4

11

1

3

7

8

15

16

17

18

19

20

21

22

2324

25

26

27

2

NEW DEVELOPMENTS Proposed—Four towers,

994 residential units, and 100K SF of commercial space.

THE ROWATLAS CAPITAL

LITTLE TOKYO GALLERIA

2110 BAYSTUDIO ONE ELEVEN

330 ALAMEDA

6th STREET VIADUCTCITY OF LOS ANGELES

MARVIMON

527 COLYTON

6 AMSUNCAL

520 MATEO

670 MESQUITGALLO/V.E. ESQUITIES

PRODUCE LA

SOHO HOUSESOHO HOUSE

COCA COLA

HOUSING

1.3 Million SF partially-open project with 6 buildings

comprised of creative office, 100 retailers, and

15 restaurants.

Proposed—186 live-work apartments, 22K SF retail

space, 400+ parking spaces.

1.8-acre campus-style development, 110 live-work

units as well as creative offices and ground-floor shops

and restaurants.

Existing—New-era, cozy event space made to

accommodate 750 people.

Under construction - Anticipated opening in 2020, replacement for 6th St bridge with 12 acres of park space,

bicycle and pedestrian paths.

15-acre 58-story mixed-use complex with 1,305

apartments, 431 condos, 412 hotel rooms, offices, shops, and restaurants.

Proposed—13-story structure with 310 live-work and

retail space.

Proposed—Up to 30 stories high. 800,000 SF creative

office space, 250 rental units, 2 hotels, shops, & restaurants.

All along the LA River.

13-story mixed use with 600 live-work,

60k SF retail and office, and 990 parking spots.

The next location of the private club/ hotel,

“Soho Warehouse” is an adaptive re-use project of an

existing 6-story building.

Proposed—5-story mixed use structure adjacent to 670 MESQUIT, with standalone

parking for 300 cars.

Proposed—7-story building to replace the Hart Hotel

at 508 E. 4th Street with 40 apartments.

Existing—123K SF creative office with rooftop penthouse

and restaurant.

1

8

2

9

3

10

4

11

5

12

6

13

7

14

Proposed—8-story mixed-use with 220 live-work units, 70K commercial space

plus amenities.

ALAMEDA HOTEL PROJECT

1100 E 5th

641

SANTA FE BUSINESS CENTER

DIAMOND WALNUTTHE HILLCREST COMPANY

AMP LOFTSGREYSTAR

405 S. HEWITT

INDUSTRIAL

940 E. 4th STREET

2143 VIOLETONNI GROUP

676 S. MATEO

E. 3rd STREETLEGENDARY

668 S ALAMEDAAVALON BAY

Conversion of 44K SF warehouse to 66-unit condo hotel with ground floor retail.

A 4-story office building with 200 car garage.

Proposed—12-story mixed-use with 140 live-work lofts, 7K SF creative office, and

4-level underground garage.

Currently under construction 7-story building with

320 live-work units with 20,000 SF retail space and

390 parking spaces.

Former headquarters for California Walnut Growers Association converted into

creative office with retail and 57 live-work condos.

A 5-story, 346 unit, 482K SF mixed-use building.

11-story building with 225K SF of office about

500+ spot garage.

The Canadian development group filed plans to construct a 13-story mixed-use building with 509 live-work units with 76 set aside as affordable.

93 live-work units, 11 low-income apartments,

20K SF retail.

This nearly complete, $215-million project is

comprised of 472 apartments, 20K+ SF retail, and 922 parking spots.

Proposed—8-story mixed use project with 185 live-work

units & 30K+ SF of amenities & commercial space.

Proposed 7-story: 475 live-work units,

46,450 SF of commercial space. Expected completion 2022.

15

22

16

23

17

24

18

25

19

26

20

27

21

405 TOWNE AVE

NeighborhoodDevelopments

1716

S Los

Ang

eles S

t

Map

le Av

e

S Sa

n Pe

dro

St

Venice Blvd

S Br

oadw

ay

S Gr

and

Ave

S Hi

ll St

S M

ain S

tW Jefferson BlvdW Adams Blvd

E Washington Blvd

E Olympic Blvd

E Washington Blvd

Hoop

er A

ve

Mat

eo S

t

S Sa

nta

Fe A

ve

Soto

St

Soto

St

E 8th St

Whittier Blvd

Santa M

onica Fw

y

Harbor

Fwy

Sant

a An

a Fw

y

E 4th St

E 4th St

S Al

amed

a St

S Figu

eroa

St

S Oliv

e St S S

pring

St

S Flow

er St

W 8th St

W 7th St

Wilshire Blvd

W 6th St

W 2nd St

W 1st St

S Al

vara

do S

t

W 6th St

E 6th St

E 9th StE 8th St

E 3rd St

E 1st St

E 1st St

Alpine St

N Vignes St

Los Angeles

Downtown

FashionDistrict

Arts District

Financial District

Boyle Heights

MacArthur Park

E 4thSt

E 5th St

S San

Ped

ro St

S Cen

tral A

ve

10

1010

10

10

110

5

60

101

101

5

60

101

110

110

1

5

9

3

7

11

24

20

16

13

18

2

6

10

15

4

8

12

22

21

17

14

1923

UPTOWN PUP

ARTS DISTRICT BREWERY

TOKYO MARKET PLACE

GOOD LIVER

MARVIMON

WURSTKUCHE

STUMPTOWN

JAPANESE VILLAGE PLAZA

IRON TRIANGLE BREWERY

DAILY DOSE

TONY’S SALOON

ER BAR

CHURCH & STATE

LITTLE BEAR

NANCY’S FANCY

PIZZANISTA

ANGEL CITY BREWERY

URBAN RADISH

ARTIST & CRAFTSMAN

BREAD LOUNGE

BESTIA

POUR HAUS

BASECOAT

LITTLE SPACE GALLERYNEIGHBORHOOD

AMENITIES

1

6

11

16

21

2

7

12

17

22

3

8

13

18

23

4

9

14

19

24

5

10

15

20

three BLockS froMthe dtLa artS diStrict

towne avee 4

th St

16

1918

405 TOWNE AVESALES COMPARABLES MAP

$0.00

$40.00

$80.00

$120.00

$160.00

$200.00

$240.00

$280.00

$320.00

$360.00

$400.00

401E 7th St

519E 7th St

1107E 7th St

760Crocker St

506Stanford

Ave

722 TowneAve

714 TowneAve

531-535 STowne Ave

Average Price Per Square Foot

SALES COMPARABLES SALES COMPS AVG

405 TOWNE AVE(SUBJECT)

401 E 7th St

519 E 7th St

1107 E 7th St

760 Crocker St

506 Stanford Ave

722 Tow ne Ave

714 Tow ne Ave

531-535 S Tow ne Ave

SALES COMPARABLES

1

2

3

4

5

7

8

6

2120

405 TOWNE AVESALES COMPARABLES SALES COMPARABLES

SALES COMPARABLES

6

Close of Escrow 8/8/2017

Sales Price $1,982,776

Rentable SF 9,240

Price/SF $214.59

Year Built 1923

722 TOWNE AVE722 Towne Ave, Los Angeles, CA, 90021

7



Rentable SF 5,500

Price/SF $214.59

Year Built 1925

Power 100-200a/ 120-240v


8


Day s On Market 109


Rentable SF 21,500

Price/SF $193.02

Year Built 1965

Power 600a/ 277-480v 3p 4w

Percentage of Of f ice 19.10%

531-535 S TOWNE AVE531-535 S Towne Ave, Los Angeles, CA, 90013

SALES COMPARABLES


1



Rentable SF 13,809

Price/SF $351.22

Year Built 1979

Power 600a/ 120-208v

Clear Height 16'


401 E 7TH ST401 E 7th St, Los Angeles, CA, 90014

2


Day s On Market 180


Rentable SF 7,919

Price/SF $378.84

Year Built 1984

Power 20a/ 240v

Clear Height 17'


519 E 7TH ST519 E 7th St, Los Angeles, CA, 90014

Asking Price $3,600,000

Rentable SF 16,500

Price/SF $218.18

Year Built 1925

Power 400a/ 277-480v 3p 4w

Clear Height 8.5’-15.5’

Zoning M2-2D

2322

SALES COMPARABLES

SALES COMPARABLES

6



Rentable SF 9,240

Price/SF $214.59

Year Built 1923


7



Rentable SF 5,500

Price/SF $214.59

Year Built 1925

Power 100-200a/ 120-240v


8


Day s On Market 109


Rentable SF 21,500

Price/SF $193.02

Year Built 1965

Power 600a/ 277-480v 3p 4w


531-535 S TOWNE AVE531-535 S Towne Ave, Los Angeles, CA, 90013

2524

405 TOWNE AVEMARKET OVERVIEW MARKET OVERVIEW

OVERVIEWGREATER DOWNTOWN LOS ANGELES

DOWNTOWN RENAISSANCEThe dow ntown area is undergoing a major renaissance due to the light rail and mixed-use projects such as L.A. Live attracting businesses and residents.

RAPID HOUSEHOLD GROWTHHousehold formation w ill increase briskly during the next f ive years at a level above the national rate.

ROBUST HEALTH SECTORHealthcare provides a large number of jobs in the dow ntown area, employing thousands of w orkers and supported by public healthcare initiatives.

Greater Dow ntown Los Angeles consists of the Downtown, Mid-Wilshire

and Hollyw ood submarkets. The continued revitalization of the market

will boost population gains. The population base of 820,000 people w ill

expand as more than 10,600 citizens are added over the next f ive

years, f illing new residential projects. Downtown houses numerous

corporations, retail and entertainment venues that draw commuters into

the city daily.

Major employers in the market include Farmers Insurance, Kaiser Permanente, Paramount Pictures, Deloitte, Ernst & Young, University of Southern California and Transamerica Insurance.

Building conversions and mixed-use developments that include housing are bringing residents back into the area. Young, urban professionals desiring shorter commutes and dow nsizing households seeking to live near amenities are absorbing these units.

A w ell-educated population provides companies w ith a skilled w orkforce. Roughly 38 percent of people age 25 and older hold a bachelor’s degree; among those residents, 11 percent also have earned a graduate or professional degree.

DEMOGRAPHICS

ECONOMY

METRO HIGHLIGHTS

* Forecast Sources: Marcus & Millichap Research Serv ices; BLS; Bureau of Economic Analy sis; Experian; Fortune; Moody ’s Analy tics; U.S. Census Bureau

820K2017

POPULATION:

348K2017

HOUSEHOLDS:

36.32017

MEDIAN AGE:

$42,500 2017 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:37.8

U.S. Median:$56,3003.6%

Growth2017-2022*:

1.3%Growth

2017-2022*:

LOS ANGELES METRO AREA

Investors Compete With Owner-Users to DeployCapital Amid Tight Environment

Downtown redevelopment prompting industrial tightness as displaced tenants locate new spaces. The LosAngeles industrial market is fostering an incredibly tight market as tenants are displaced to make room fornew multifamily developments. The pace of construction amid the renovation of downtown properties intocondo, apartment and mixed-use projects remains elevated, fostering demand for modern spaces withinproximity of rail yards and twin ports. Builders have begun to respond to vacancy near the lowest levels everrecorded, pushing supply growth to the highest amount since 2007. Although construction will more thandouble 2016, vacancy will only modestly tick up as net absorption more than doubles. As a result oftremendous competition for existing spaces, particularly among owner-users, a high-single-digit pace of rentgrowth over the coming year will be achievable.

Tight operations, low relative yields spur investor allocations. Amid an environment of rising prices forindustrial properties, owner-users and investors alike have been acquiring assets throughout Los Angeles.Abundant commercial credit, even as interest rates have risen recently, are sponsoring a search for greatercash yields, pushing cap rates to the low-5 percent range countywide. Industrial properties in marqueesubmarkets such as the city of Industry, Inglewood and Pomona will exchange ownership well below theaverage first-year return, typically in the low- to mid-4 percent band. Owner-users remain the most activeacquirers, prompting upticks in prices per square foot and overall transaction prices due to their willingness topay up for quality product in the right locations. As a result, many private investors are elevating offers todeploy capital amid intense competition.

* ForecastSource: CoStar Group, Inc..

2726

405 TOWNE AVEMARKET OVERVIEW DEMOGRAPHICS

POPULA TION 1 Miles 3 Miles 5 Miles 2022 Projection

Total Population 39,381 464,125 1,248,079 2017 Estimate

Total Population 34,244 459,018 1,250,851 2010 Census

Total Population 30,526 434,100 1,193,519 2000 Census

Total Population 21,974 427,938 1,195,192 Daytime Population

2017 Estimate 179,302 667,891 1,306,991HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2022 Projection

Total Households 22,176 151,842 396,246 2017 Estimate

Total Households 18,422 143,187 384,189Average (Mean) Household Size 1.41 2.95 3.10

2010 CensusTotal Households 16,012 133,937 364,673

2000 CensusTotal Households 10,232 119,188 346,720

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2017 Estimate

$200,000 or More 3.44% 2.17% 2.62%$150,000 - $199,000 3.63% 2.05% 2.38%$100,000 - $149,000 8.50% 6.31% 7.31%$75,000 - $99,999 6.20% 6.74% 7.97%$50,000 - $74,999 8.39% 12.86% 15.04%$35,000 - $49,999 7.23% 12.95% 14.43%$25,000 - $34,999 5.26% 12.87% 12.92%$15,000 - $24,999 11.40% 17.67% 16.23%Under $15,000 45.95% 26.38% 21.11%

Average Household Income $52,518 $49,087 $54,826Median Household Income $17,729 $29,643 $34,797Per Capita Income $37,008 $16,454 $17,423POPULA TION PROFILE 1 Miles 3 Miles 5 Miles Population By Age

2017 Estimate Total Population 34,244 459,018 1,250,851Under 20 5.59% 25.79% 26.78%20 to 34 Years 28.90% 29.71% 27.46%35 to 39 Years 9.27% 7.77% 7.72%40 to 49 Years 17.18% 13.06% 13.46%50 to 64 Years 22.98% 14.26% 15.08%Age 65+ 16.08% 9.41% 9.48%Median Age 43.68 31.88 32.50

Population 25+ by Education Level2017 Estimate Population Age 25+ 30,301 293,716 804,498Elementary (0-8) 6.36% 22.94% 21.09%Some High School (9-11) 13.91% 15.86% 15.04%High School Graduate (12) 18.52% 20.20% 20.95%Some College (13-15) 18.83% 12.84% 14.11%Associate Degree Only 5.57% 4.12% 4.37%Bachelors Degree Only 21.37% 12.85% 13.78%Graduate Degree 11.31% 4.71% 5.07%

Time Travel to WorkAverage Travel Time in Minutes 30 33 34

LOS ANGELES METRO AREA

2017 Market Forecast

Robust rent growth, tight vacancy and the nation’s busiest ports boost LosAngeles to third place.

Local firms will add 35,400 new workers this year, expanding payrolls by 0.8percent. Last year, 90,900 jobs were created, a 2.1 percent growth rate.

Exceptional market strength is translating into new construction, which reachthe highest pace since 2007 at 6.6 million square feet of industrial space. In2016,2.4 million square feet came to market.

The biggest supply increase in over a decade will trigger a 30-basis-point risein the metro vacancy rate to 2.4 percent. In the prior four quarters, vacancyrose 10 basis points as supplyoutpaced net absorption.

The average asking rent will advance 8.6 percent to $10.23 per square foot astenant competition pushes up prices in core industrial submarkets.

Value-add properties in outlying submarkets will attract greater selling pricesas tight operations in proximity to the ports sponsor more tenants to moveoutward.

* Forecast** Trailing 12 months through 1Q 2017Source: CoStar Group, Inc.

NII Rank3

Employmentup 0.8%

Construction6.6 million sq. ft.

Vacancyup 30 bps

Rentup 8.6%

Investment

2928

405 TOWNE AVE

IncomeIn 2017, the median household income for your selected geography is$17,729, compare this to the US average which is currently $56,286.The median household income for your area has changed by 84.04%since 2000. It is estimated that the median household income in yourarea will be $22,437 five years from now, which represents a changeof 26.56% from the current year.

The current year per capita income in your area is $37,008, comparethis to the US average, which is $30,982. The current year averagehousehold income in your area is $52,518, compare this to the USaverage which is $81,217.

PopulationIn 2017, the population in your selected geography is 34,244. Thepopulation has changed by 55.84% since 2000. It is estimated that thepopulation in your area will be 39,381.00 five years from now, whichrepresents a change of 15.00% from the current year. The currentpopulation is 63.99% male and 36.01% female. The median age of thepopulation in your area is 43.68, compare this to the US averagewhich is 37.83. The population density in your area is 10,898.68people per square mile.

HouseholdsThere are currently 18,422 households in your selected geography.The number of households has changed by 80.04% since 2000. It isestimated that the number of households in your area will be 22,176five years from now, which represents a change of 20.38% from thecurrent year. The average household size in your area is 1.41persons.

EmploymentIn 2017, there are 132,519 employees in your selected area, this isalso known as the daytime population. The 2000 Census revealed that55.73% of employees are employed in white-collar occupations in thisgeography, and 41.59% are employed in blue-collar occupations. In2017, unemployment in this area is 13.60%. In 2000, the average timetraveled to work was 30.00 minutes.

Race and EthnicityThe current year racial makeup of your selected area is as follows:36.10% White, 23.84% Black, 0.13% Native American and 23.01%Asian/Pacific Islander. Compare these to US averages which are:70.42% White, 12.85% Black, 0.19% Native American and 5.53%Asian/Pacific Islander. People of Hispanic origin are countedindependentlyof race.

People of Hispanic origin make up 24.92% of the current yearpopulation in your selected area. Compare this to the US average of17.88%.

HousingThe median housing value in your area was $428,317 in 2017,compare this to the US average of $193,953. In 2000, there were 518owner occupied housing units in your area and there were 9,714renter occupied housing units in your area. The median rent at thetime was $316.

Source: © 2017 Experian

DEMOGRAPHICS

Presented by:

OFFICES THROUGHOUT THE U.S. & CANADAwww.marcusmillichap.com

Martin D. AgnewFirst Vice President Investments ENCINOTel: (818) 212-2744Fax: (818) [email protected] License: CA 01339034

Ryan R-SerlingSenior AssociateENCINOTel: (818) 212-2725Fax: (818) [email protected] License: CA 01920619

Aram GarikianAssociateENCINOTel: (818) 212-2669Fax: (818) [email protected] License: CA 02048363

Documents

LOS ANGELES - LoopNet...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