MULTIFAMILY INVESTMENT OPPORTUNITY 803 E VILLA STREET€¦ · center featuring Arclight Cinemas, West Elm, DSW, Yard House, and additional restaurants is a short drive from the building

803 E VILLA STREETMULTIFAMILY INVESTMENT OPPORTUNITY

PASADENA, CALIFORNIA 91101

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

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

C O N F I D E N T I A L I T Y & D I S C L A I M E RThe 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. Marcus & Millichap is a service mark

of Marcus & Millichap Real Estate Investment Services, Inc.

© 2020 Marcus & Millichap. All rights reserved.

N O N - E N D O R S E M E N T N O T I C EMarcus & 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.

Activity ID: XXXXXX

A L L P R O P E R T Y S H O W I N G S A R E B Y A P P O I N T M E N T O N L Y .P L E A S E C O N S U L T Y O U R M A R C U S & M I L L I C H A P A G E N T F O R M O R E D E T A I L S .

Exclusively Listed By:

A NATIONALLY RECOGNIZED APARTMENT BROKERAGE TEAM

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

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

Real estate Investment sales t FInancIng t ReseaRch t advIsoRy seRvIces

Rick E. RaymundoSenior Managing Director Investments

Executive Director, National Multi Housing Group

515 South Flower Street Suite 500Los Angeles, CA 90071

(213) 943-1855 Direct(818) 219-6146 Mobile

(213) 943-1961 [email protected]

www.RaymundoInvestments.com

Oscar DiazSenior Associate Member

National Multi Housing Group


(213) 943-1884 Direct(213) 999-2124 Mobile


Lillian Lakes Associate Member



(213) 943-1854 Direct(404) 734-4044 Mobile


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

Table of ConTenTs

803 E Villa StreetPasadena, CAlifornia 91101

INVESTMENT OVERVIEW803 e villa Street, PaSadena, ca 91101

Section 1

Marcus & Millichap is pleased to announce the sale of 803 E Villa Street, a 5-unit multifamily property on a spacious

13,221 square foot lot in Pasadena, CA. The Craftsman-style property sits just three blocks from the Pasadena

Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more

vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new

investor the potential to capitalize on the approximately 76% rent upside.

Originally constructed in 1905, the building features many of the character accents often associated with iconic

Pasadena Craftsman-style properties, including decorative windows, a covered front porch, overhanging eaves,

exposed beams, fireplaces, and a pitched roof. There is ample parking, including individual garages, and the building

is not on the seismic retrofit list (Buyer to verify).

Tenants are within easy walking distance of the Metro Gold Line, with the Lake Avenue station just one block away.

The Hat, known for its “World Famous Pastrami” sandwiches, is just three parcels east of the building, while retail

destinations along Lake Avenue and Colorado Boulevard are conveniently close. The Paseo, an outdoor shopping

center featuring Arclight Cinemas, West Elm, DSW, Yard House, and additional restaurants is a short drive from the

building.

inveStment overview

INVESTMENT OVERVIEW6

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 approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2020 Marcus & Millichap Activity ID: XXXXXXXX

803 E Villa Street, Pasadena, CA 91101


7INVESTMENT OVERVIEW

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 approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2020 Marcus & Millichap Activity ID: XXXXXXXX

Higher Allowable Rent Increases

Significant Value-Add Potential – Current Rents are Approximately 76% Below Market Rates

Excellent Pasadena Location – One Mile to Old Town Pasadena, Three Blocks to Playhouse District

Attractive Price per Square Foot Compared to Similar Recent Sales

Average Single Family Home Sales Price Exceeds $1,267,000 in Pasadena in Past Year

Potential Development Opportunity – Large 13,221 Square Foot Lot.

One Block from Lake Avenue Metro Gold Line Station and the 210 Freeway

Not on Seismic Retrofit List (Buyer to Verify)


inveStment highlightS

PRICE PER UNIT PRICE PRICE PER SQUARE FOOT

$300,000 $1,500,000 $446.43

oFFering highlightS

INVESTMENT OVERVIEW8

CAP RATE - CURRENT GIM - CURRENT

2.21% 22.91

THE OFFERING

Property Address803 E Villa Street

Pasadena, CA 91101Price $1,500,000

Down Payment 100% / $1,500,000

Price/Unit $300,000

Price/SF $446.43

Number of Units 5

Rentable Square Feet 3,360

Number of Buildings 1

Number of Stories 2

Year Built 1905

Lot Size 13,220

VITAL DATACAP Rate - Current 2.21%GIM - Current 22.91

Net Operating Income - Current $33,098

Total Return - Current 2.2% / $33,098

CAP Rate - Pro Forma 5.31%GIM - Pro Forma 12.99

Net Operating Income - Pro Forma $79,640

Total Return - Pro Forma 5.3% / $79,640


9INVESTMENT OVERVIEW

UNIT MIXNO. OF UNITS

UNITTYPE

APPROX. SF

1 Studio 1 Bath 500

3 1 Bedroom 1 Bath 620

1 2 Bedroom 1.75 Bath 1,000

5 TOTAL 3,360

THE OFFERINGProperty Address: 803 E Villa Street

Pasadena, CA 91101Assessor’s Parcel Number: 5731-018-018

Zoning: PSR1

SITE DESCRIPTIONNumber of Units: 5

Number of Buildings: 1Number of Stories: 2

Year Built / Renovated: 1905Rentable Square Feet: 3,360

Lot Size: 13,220Type of Ownership: Fee Simple

UTILITIESElectric: Separately Metered

Gas: Separately Metered

CONSTRUCTIONFraming: Wood FrameExterior: Stucco

Parking Surface: ConcreteRoof: Pitched

ProPerty Summary

OFFERING PRICE:

$1,500,000

PROPERTY TOURS:Prospective purchasers are encouraged to drive by the subject property prior to submitting offers. Please do not contact the management company without prior approval. All property tours must be coordinated through the listing agents.


location highlightS

87“Very Walkable”

Most errands can be accomplished on foot.

WALK SCORE

“Good TransiT”Many nearby public

transportation options.

66TRANSIT SCORE

“Very bikeable”Biking is convenient

for most trip.

87BIKE SCORE

INVESTMENT OVERVIEW10 803 E Villa Street, Pasadena, CA 91101

PRICING & FINANCIAL ANALYSISSection 2

803 e villa Street, PaSadena, ca 91101

PRICING & FINANCIAL ANALYSIS12

NO. OF UNITS

UNIT TYPE

APPROX. SF

CURRENT RENTS

RENT/SF

MONTHLY INCOME

PRO FORMA RENTS

RENT/SF

MONTHLY INCOME

1 Studio 1 Bath 500 $780 $1.56 $780 $1,595 $3.19 $1,595

3 1 Bedroom 1 Bath 620 $900 - $1,250 $1.73 $3,375 $1,900 $3.06 $5,700

1 2 Bedroom 1.75 Bath 1,000 $1,300 $1.30 $1,300 $2,325 $2.33 $2,325

5 TOTAL 3,360 $5,455 $9,620

Studio: 20%2B1.75B: 20%

1B1B: 60%

No. ofUnits

UnitType

Approx.Square Feet Current Rents Rent/

SFMonthlyIncome

Pro FormaRents

Rent/SF

MonthlyIncome

1 Studio 1 Bath 500 $780 $1.56 $780 $1,595 $3.19 $1,595

3 1 Bdr 1 Bath 620 $900 - $1,250 $1.73 $3,375 $1,900 $3.06 $5,700

1 2 Bdr 1.75 Bath 1,000 $1,300 $1.30 $1,300 $2,325 $2.33 $2,325

5 TOTAL 3,360 $5,455 $9,620

Unit Mix Unit Rent & Rent/SF

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

$0

$200

$400

$600

$800

$1,000

$1,200

Studio 1B1B 2B1.75B

3

PRICING AND FINANCIAL ANALYSIS803 E Villa StreetPASADENA, 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. © 2020 Marcus & Millichap. All rights reserved.

UNIT MIX

UNIT MIX UNIT RENT & RENT/SF

1 Bedroom 1 Bath

Studio 1 Bath

20% Studio 1 Bath

60% 2 Bedroom

2 Bath

20% 2 Bedroom 1.75 Bath

2 Bedroom 1.75 Bath


unit mix

INCOME CURRENT PER UNIT PRO FORMA PER UNIT

GROSS POTENTIAL INCOME $65,460 $13,092 $115,440 $23,088

Vacancy/Collection Allowance (GPR) 3.0% / $1,964 $393 3.0% / $3,463 $693

EFFECTIVE GROSS INCOME $63,496 $12,699 $111,977 $22,395

EXPENSES CURRENT PER UNIT PRO FORMA PER UNIT

Real Estate Taxes (1.0560%) $15,840 $3,168 $15,840 $3,168

Insurance $1,344 $269 $1,344 $269

Utilities $1,974 $395 $1,974 $395

Landscaping $1,200 $240 $1,200 $240

Repairs & Maintenance $2,500 $500 $2,500 $500

Unit Turnover $1,000 $200 $1,000 $200

Management Fee 4.0% / $2,540 $508 4.0% / $4,479 $896

Reserves & Replacements $1,000 $200 $1,000 $200

Trash $3,000 $600 $3,000 $600

TOTAL EXPENSES $30,398 $6,080 $32,337 $6,467

Expenses per SF $9.05 $9.62

% of EGI 47.9% 28.9%

NET OPERATING INCOME $33,098 $6,620 $79,640 $15,928

13PRICING & FINANCIAL ANALYSIS803 E Villa Street, Pasadena, CA 91101

income & exPenSeS


UNIT NUMBER UNIT TYPE UNIT SF CURRENT RENT RENT/SF

1 2 Bdr 1.75 Bath 1,000 $1,300 $1.30

2 1 Bdr 1 Bath 620 $1,250 $2.02

3 1 Bdr 1 Bath 620 $1,225 $1.98

4 1 Bdr 1 Bath 620 $900 $1.45

5 Studio 1 Bath 500 $780 $1.56

TOTAL VACANT $0

5 TOTAL OCCUPIED 3,360 $5,455

5 TOTAL 3,360 $5,455

rent roll


PROPERTY DETAILS

Location 803 E Villa StreetPasadena, CA 91101

Price $1,500,000

Down Payment 100% / $1,500,000

Number of Units 5

Price/Unit $300,000

Rentable Square Feet 3,360

Price/SF $446.43

CAP Rate - Current 2.21%

CAP Rate - Pro Forma 5.31%

GIM - Current 22.91

GIM - Pro Forma 12.99

Year Built 1905

Lot Size 13,220

Type of Ownership Fee Simple

Annualized Operating DataIncome CURRENT PRO FORMAGross Potential Rent $65,460 $115,440

Gross Potential Income $65,460 $115,440

Less: Vacancy / Deductions (GPR) 3.0% / $1,964 3.0% / $3,463

Effective Gross Income $63,496 $111,977

Less: Expenses $30,398 $32,337

Net Operating Income $33,098 $79,640

Net Cash Flow Before Debt Service $33,098 $79,640

Expenses CURRENT PRO FORMAReal Estate Taxes $15,840 $15,840

Insurance $1,344 $1,344

Utilities $1,974 $1,974

Landscaping $1,200 $1,200

Repairs & Maintenance $2,500 $2,500

Unit Turnover $1,000 $1,000

Management Fee $2,540 $4,479

Reserves & Replacements $1,000 $1,000

Trash $3,000 $3,000

Total Expenses $31,523 $33,462

Expenses / Unit $6,305 $6,692

Expenses / SF $9.38 $9.96

% of EGI 49.65% 29.88%

15PRICING & FINANCIAL ANALYSIS803 E Villa Street, Pasadena, CA 91101

Financial overview


$300,000 $1,500,000 $446.43PRICE PER UNIT PRICE PRICE PER SQUARE FOOT

5 1905 3,360 13,220UNITS YEAR BUILT RENTABLE SQUARE FEET LOT SIZE

2.21% 22.91 5.31% 12.99CAP RATE - CURRENT GRM - CURRENT CAP RATE - PRO FORMA GRM - PRO FORMA

803 E Villa StrEEt, PaSadEna, Ca 91101


PROPERTY DESCRIPTIONSection 3


PROPERTY DESCRIPTION18

803 E Villa Street


regional maP

19PROPERTY DESCRIPTION

803 E Villa Street


local maP

803 E Villa Street


aerial Photo


THE OFFERING

Property Address803 E Villa Street

Pasadena, CA 91101Assessor’s Parcel Number 5731-018-018Zoning PSR1

SITE DESCRIPTIONNumber of Units 5Number of Buildings 1Number of Stories 2Year Built 1905Rentable Square Feet 3,360Lot Size 13,220Type of Ownership Fee Simple

UTILITIESElectric Separately MeteredGas Separately Metered

CONSTRUCTIONFraming Wood FrameExterior StuccoParking Surface ConcreteRoof Pitched


ProPerty Summary

21PROPERTY DESCRIPTION


ProPerty PhotoS


SALES COMPARABLESSection 4


727 E Orange Grove Boulevard

157 N Allen Avenue

4

803 E Villa Street

1

3

696 Mira Monte

84-88 N Catalina Avenue

2


SaleS comParable maP

SALES COMPARABLES24

0.00

0.40

0.80

1.20

1.60

2.00

2.40

2.80

3.20

3.60

4.00

Subject 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

Average GRM

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

20.00

22.00

Subject 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

Average Cap Rate

11

RECENT SALES803 E Villa StreetPASADENA, CA


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 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

0

40,000

80,000

120,000

160,000

200,000

240,000

280,000

320,000

360,000

400,000

440,000

Subject 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

12



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 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

0

40,000

80,000

120,000

160,000

200,000

240,000

280,000

320,000

360,000

400,000

440,000

Subject 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

12



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 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

Average GRM

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

20.00

22.00

Subject 727E

OrangeGrove

Boulevard

157N

AllenAvenue

696Mira

Monte

84-88N

CatalinaAvenue

Average Cap Rate

11



CAP RATE AND GRM

average Price Per Square Foot

Subject

average caP rate

average grm average Price Per unit

Subject Subject

Subject

Avg 17.01 Avg $340,789

Avg 3.99%Avg $522.38

803 E Villa Street, Pasadena, CA 91101 25SALES COMPARABLES

727 E Orange Grove BoulevardPasadena, CA 91104

Close of Escrow: 11/25/2019Total No. of Units: 7

Year Built: 1949Rentable SF: 4,381

Lot Size: 16,553Sale Price: $2,050,000Price/Unit: $292,857

Price/SF: $467.93CAP Rate: 4.11%

GRM: 16.52

NO. OF UNITS UNIT TYPE

6 1 Bdr 1 Bath1 2 Bdr 2 Bath

1

803 E Villa StreetPasadena, CA 91101

Subject PropertyTotal No. of Units: 5




GIM: 22.91


1 Studio 1 Bath3 1 Bdr 1 Bath1 2 Bdr 1.75 Bath

803 E Villa Street, Pasadena, CA 91101SALES COMPARABLES26

157 N Allen AvenuePasadena, CA 91106





GRM: 16.08


6 Studio 1 Bath1 2 Bdr 2 Bath

2

696 Mira MontePasadena, CA 91101





GRM: 16.98


8 1 Bdr 1 Bath

3

803 E Villa Street, Pasadena, CA 91101 27SALES COMPARABLES

84-88 N Catalina AvenuePasadena, CA 91106





GRM: 18.46


5 1 Bdr 1 Bath1 2 Bdr 1 Bath

4

803 E Villa Street, Pasadena, CA 91101SALES COMPARABLES28

RENT COMPARABLESSection 5


148 N Catalina Avenue

95 N Michigan Avenue

570 N Los Robles Avenue

803 E Villa Street

1

4

2

135 N Holliston Avenue5

211 S El Molino Avenue

3


rent comParable maP

RENT COMPARABLES30

1 Bdr Studio

0

300

600

900

1,200

1,500

1,800

Subject 211SEl

MolinoAvenue

95N

MichiganAvenue

135N

HollistonAvenue

570N

LosRoblesAvenue

Average Rents - Studio and 1 Bedroom

16

RENT COMPARABLES803 E Villa StreetPASADENA, CA


OCCUPANCY AND AVERAGE RENTS

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

Subject 570N

LosRoblesAvenue

148N

CatalinaAvenue

Average Rents - 2 Bedrooms

17

RENT COMPARABLES803 E Villa StreetPASADENA, CA


AVERAGE RENTS

Subject

average rentS - Studio and 1 bedroom unitS

average rentS - 2 bedroom unitS

Subject

Avg $1,930

Avg $2,363

Avg $1,650

803 E Villa Street, Pasadena, CA 91101 RENT COMPARABLES 31

803 E Villa StreetPasadena, CA 91101

Total No. of Units: 5Year Built: 1905

1

211 S El Molino AvenuePasadena, CA 91101

Total No. of Units 12Year Built 1929

UNIT TYPE SF RENT RENT/SFStudio 1 Bath 550 $1,650 $3.00

TOTAL/WTD. AVG. $1,650

UNIT TYPE SF RENT RENT/SFStudio 1 Bath 500 $780 $1.561 Bdr 1 Bath 620 $900 - $1,250 $1.732 Bdr 1.75 Bath 1,000 $1,300 $1.30TOTAL/AVG. 3,360 $1,052 $1.62

803 E Villa Street, Pasadena, CA 91101RENT COMPARABLES32

95 N Michigan AvenuePasadena, CA 91106


135 N Holliston AvenuePasadena, CA 91106

Total No. of Units: 10Year Built: 1953

2 3

UNIT TYPE SF RENT RENT/SF1 Bdr 1 Bath 650 $1,895 $2.92


UNIT TYPE SF RENT RENT/SF1 Bdr 1 Bath 700 $1,995 $2.85


803 E Villa Street, Pasadena, CA 91101 RENT COMPARABLES 33

570 N Los Robles AvenuePasadena, CA 91101


148 N Catalina AvenuePasadena, CA 91106


4 5

UNIT TYPE SF RENT RENT/SF2 Bdr 2 Bath 1,100 $2,400 $2.18


UNIT TYPE SF RENT RENT/SF2 Bdr 1.75 Bath 1,000 $2,325 $2.331 Bdr 1 Bath 780 $1,900 $2.44


803 E Villa Street, Pasadena, CA 91101RENT COMPARABLES34

DEMOGRAPHIC ANALYSISSection 6


DEMOGRAPHIC ANALYSIS36

Demographic data © by Experian.Demographic data © by Experian.Demographic data © by Experian.

POPULATION 1 MILE 3 MILES 5 MILES 2023 Owner Occupied Housing Units 21.9% 45.7% 49.2%2000 Population 43,565 176,347 438,795 2023 Renter Occupied Housing Units 78.1% 54.4% 50.8%2010 Population 42,982 180,010 442,446 2023 Vacant 5.3% 3.6% 3.0%2018 Population 45,116 188,361 459,6342023 Population 46,836 192,180 465,341 INCOME 1 MILE 3 MILES 5 MILES

$0 $14,999 17.2% 10.9% 10.0%

HOUSEHOLDS 1 MILE 3 MILES 5 MILES $15,000 $24,999 8.2% 6.7% 7.5%2000 Households 17,456 67,203 158,295 $25,000 $34,999 8.1% 6.0% 6.8%2010 Households 18,217 70,760 163,188 $35,000 $49,999 10.3% 8.8% 9.7%2018 Households 19,426 75,039 171,507 $50,000 $74,999 16.4% 15.0% 15.7%2023 Households 20,547 77,711 175,870 $75,000 $99,999 13.4% 12.7% 12.6%2018 Average HH Size 2.298400 2.446300 2.637000 $100,000 $124,999 8.6% 9.5% 9.8%

$125,000 $149,999 5.1% 7.0% 6.7%2018 Daytime Population 62,482 224,686 446,323 $150,000 $199,999 6.8% 9.5% 8.9%

$200,000 $249,999 2.1% 5.2% 4.7%2000 Median Contract Rent $633 $688 $680 $250,000 + 3.7% 8.8% 7.7%

2000 Owner Occupied Housing Units 22.6% 47.3% 49.6% Median HH Income $59,345 $79,723 $75,6142000 Renter Occupied Housing Units 73.1% 48.7% 46.7% Per Capita Income $36,369 $49,509 $43,6032000 Vacant 4.2% 4.1% 3.8% Average HH Income $83,842 $123,287 $116,060

2010 Owner Occupied Housing Units 25.1% 48.4% 51.6%2010 Renter Occupied Housing Units 74.9% 51.6% 48.4%2010 Vacant 8.7% 6.8% 5.9%

2018 Owner Occupied Housing Units 22.6% 46.4% 49.7%2018 Renter Occupied Housing Units 77.4% 53.6% 50.3%2018 Vacant 5.1% 3.6% 3.0% Demographic data © by Experian.

de m o g r a P h i c re P o r t


37DEMOGRAPHIC ANALYSIS

Demographic data © by Experian.

radiuS: 5 mileS

POPULATIONIn 2018, the population in your selected geography is 459,634. The population has changed by 4.75% since 2000. It is estimated that the population in your area will be 465,341 five years from now, which represents a change of 1.24% from the current year.

The current population is 48.10% male and 51.90% female. The median age of the population in your area is 40.5, compare this to the Entire US average which is 38.0. The population density in your area is 5,851.24 people per square mile.

HOUSEHOLDSThere are currently 171,507 households in your selected geography. The number of households has changed by 8.35% since 2000. It is estimated that the number of households in your area will be 175,870 five years from now, which represents a change of 2.54% from the current year. The average household size in your area is 2.64 persons.

INCOMEIn 2018, the median household income for your selected geography is $75,614, compare this to the Entire US average which is currently $58,754. The median household income for your area has changed by 55.39% since 2000. It is estimated that the median household income in your area will be $89,741 five years from now, which represents a change of 18.68% from the current year.

The current year per capita income in your area is $43,603, compare this to the Entire US average, which is $32,356. The current year average household income in your area is $116,060, compare this to the Entire US average which is $84,609.

RACE & ETHNICITYThe current year racial makeup of your selected area is as follows: 46.51% White, 6.50% Black, 0.09% Native American and 27.67% Asian/Pacific Islander. Compare these to Entire US% averages which are: 70.20% White, 12.89% Black, 0.19% Native American and 5.59% Asian/Pacific Islander.

The current year per capita income in your area is $43,603, compare this to the Entire US average, which is $32,356. The current year average household income in your area is $116,060, compare this to the Entire US average which is $84,609.

HOUSINGIn 2000, there were 81,522 owner occupied housing units in your area and there were 76,772 renter occupied housing units in your area. The median rent at the time was $680.

EMPLOYMENTIn 2018, there are 196,687 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 71.87% of employees are employed in white-collar occupations in this geography, and 28.17% are employed in blue-collar occupations. In 2018, unemployment in this area is 4.17%. In 2000, the average time traveled to work was 31.4 minutes.


demograPhic Summary


DEMOGRAPHIC ANALYSIS38

803 E villa StPasadena, CA

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Geography CentroidTraffic Point

Street Cross Street Traffic Count Year Distance * Direction *E Villa St N Lake Ave 10,350 2003 0.02 SW

Santa Barbara St N Lake Ave 1,054 1997 0.08 NW

N Lake Ave Santa Barbara St 23,950 2003 0.09 NE

N Lake Ave E Villa St 35,773 2013 0.12 SE

E Villa St N Lake Ave 8,610 2003 0.13 E


Employment Density


Employment Density

Theme Low HighLow less than 45.5Below Average 45.5 295Average 295 1,925Above Average 1,925 12,375High 12,375 or more


Median Household Income


Median Household IncomeTheme Low HighLow less than $31,000Below Average $31,000 $52,000Average $52,000 $85,000Above Average $85,000 $142,500High $142,500 or more


Population Density


Population Density

Theme Low HighLow less than 385Below Average 385 2,050Average 2,050 10,875Above Average 10,875 58,000High 58,000 or more


PoPulation denSity

3823 Wisconsin StreetLos Angeles, Ca

Population Density


Population Density

Theme Low HighLow less than 385Below Average 385 2,050Average 2,050 10,875Above Average 10,875 58,000High 58,000 or more

319 E 53rd StreetLos Angeles, Ca

Employment Density


Employment Density

Theme Low HighLow less than 45.5Below Average 45.5 295Average 295 1,925Above Average 1,925 12,375High 12,375 or more

319 E 53rd StreetLos Angeles, Ca

Median Household Income


Median Household IncomeTheme Low HighLow less than $31,000Below Average $31,000 $52,000Average $52,000 $85,000Above Average $85,000 $142,500High $142,500 or more

average houSehold income

emPloyment denSity

traFFic countS


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

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

Exclusively Listed By:


A NATIONALLY RECOGNIZED APARTMENT BROKERAGE TEAM

Oscar DiazSenior Associate Member


(213) 943-1884 Direct(213) 999-2124 Mobile


Lillian Lakes Associate Member


(213) 943-1854 Direct(404) 734-4044 Mobile


Rick E. RaymundoSenior Managing Director Investments

Executive Director, National Multi Housing Group

(213) 943-1855 Direct(818) 219-6146 Mobile


www.RaymundoInvestments.com

Documents

MULTIFAMILY INVESTMENT OPPORTUNITY 803 E VILLA STREET€¦ · center featuring Arclight Cinemas, West Elm, DSW, Yard House, and additional restaurants is a short drive from the building