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7972 NORTON AVENUEWEST HOLLYWOOD, CA 90046
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
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
Exclusively Listed:
Real Estate Investment Sales t Financing t Research t Advisory Services
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
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to announce the sale of 7972 Norton Avenue, a 9-unit multifamily property located in the desirable and trendy community of West Hollywood, California, just three blocks from the Sunset Strip. Situated one block north of Santa Monica Boulevard, near its intersection with Crescent Heights Boulevard, the property is in close proximity to several popular restaurants, bars, and clubs along the most famous stretch of Sunset Boulevard. In addition to boasting a Walk Score of 95, which is extremely high for the Los Angeles area, the building affords tenants convenient vehicular access to the The Grove and The Beverly Center.
Constructed in 1958, the two-story building rests atop semi-subterranean parking for 10 vehicles. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 66% in rent upside. This income is supplemented by the landlord-owned on-site laundry facilities, while expenses are limited by the presence of partial copper plumbing and a newer water heater.
Select units feature fully renovated kitchens with new countertops, cabinets, and tile backsplashes, new wood flooring, crown moulding, remodeled bathrooms, updated sliding closet doors, ceiling fans, and balconies, but the potential remains for a new owner to upgrade the remaining interiors in order to enhance the rental income.
the offering
7972 NortoN AveNueWest HollyWood, CA 90046
investment highlights
Desirable West Hollywood Location Just Three Blocks from the Sunset Strip
Excellent Reposition Opportunity with Potentially Over 66% Rent Upside
Attractive Price per Unit and Price per Square Foot Compared to Recent Comparable Sales
Walking Distance to Trendy Boutiques, Restaurants, Bars, and Clubs that Line Fairfax, Melrose, and Santa Monica
Short Drive to The Grove, The Sunset Strip, Beverly Center, Whole Foods, Target, and Trader Joe’s
Extremely High Walk Score of 95 Allows Tenants to Complete Most Daily Errands on Foot
On-Site Parking for All Units
Available as Portfolio Sale with 1033 North Genesee Avenue, West Hollywood, CA 90046
investment overview
loCation highlights
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: Y0140730
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: Y0140730
Vital Data
CAP Rate – Current 3.12%
GIM – Current 18.81
Net Operating Income – Current $88,259
Total Return – Current 3.1% / $88,259
CAP Rate – Pro Forma 6.37%
GIM – Pro Forma 11.36
Net Operating Income – Pro Forma $180,068
Total Return – Pro Forma 6.4% / $180,068
The Offering
Property Address7972 Norton Avenue
West Hollywood, CA 90046
Price $2,825,000
Down Payment 100% / $2,825,000
Price/Unit $313,889
Price/SF $377.47
Number of Units 9
Rentable Square Feet 7,484
Number of Buildings 1
Number of Stories 3
Year Built 1958
Lot Size 7,461
Demographics
1-Mile 3-Miles 5-Miles
2014 Total Population 50,848 278,100 834,448
2019 Total Population 50,980 280,814 841,227
2014 Total Households 31,461 146,692 375,084
2019 Total Households
31,790 149,107 381,210
Median Household Income $50,710 $53,917 $46,935
Per Capital Income(Based on total Population) $51,002 $50,426 $38,808
Average (Mean) Household Income $82,114 $95,102 $85,653
Major Employers
Company Local Employees
Disney 14,991
Southern California / Hawa Reg 13,000
Walt Disney Company 8,333
UCLA Medical 8,000
Victory Studio 5,000
Mental Health California Dept 4,000
Paramount Pictures 3,511
Project Boat Holdings LLC 3,174
Farmers Insurance 3,119
SBE 3,002
Fire Dept-Station 61 3,000
Platinum Equity 2,575
Unit MixNo. ofUnits
UnitType
Approximate Square Feet
7 1 Bdr 1 Bath 750
2 2 Bdr 2 Bath 1,000
Total 7,484
offering summary
investment overview
In addition to a variety of restaurants and shops within a block on Santa Monica Boulevard and along
Fairfax Avenue, tenants are just a 10 minute walk away from the world famous Sunset Strip. Within a
short drive are The Beverly Center, The Grove, and Beverly Hills.
transit and Pedestrian oriented
TRANSITSCORE
BIKESCORE60 65
“GOOD TRANSIT”Many nearby public transpor-
tation options.
“BIKEABLE”Flat as a pancake, minimal
bike lanes.
WALKSCORE95
“WALKER’S PARADISE”Daily errands do not require
a car.
investment 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 appoximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap Activity ID: Y0140730
$2,825,000 5554-013-016PRICE Assessor’s Parcel Number
$313,889 WDR4PRICE PER UNIT ZONING
$377.47 9PRICE PER SQUARE FOOT Number of Units
$88,259 1958NET OPERATING INCOME Year Built/Renovated
3.12% 7,484CURRENT CAP RATE Rentable Square Feet
18.81 7,461CURRENT GIM Lot Size
7972 norton avenue, 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: Y0140730
investment overview
PRICING AND FINANCIAL ANALYSIS
unit mixNO. OF UNITS
UNIT TYPE APPROX. SF
CURRENTRENTS
RENT/SF
MONTHLY INCOME
PRO FORMA RENTS
RENT/SF
MONTHLY INCOME
7 1 Bdr 1 Bath 750 $700 - $1,914 $1.72 $7,892 $2,145 $2.86 $15,015
2 2 Bdr 2 Bath 1,000 $2,123 - $2,374 $2.25 $4,497 $2,795 $2.80 $5,590
9 TOTAL: 7,484 $12,389 $20,605
rent rollUNIT NUMBER UNIT TYPE UNIT SF CURRENT RENT RENT/SF
Unit 1 1 Bdr 1 Bath 750 $1,812 $2.42
Unit 2 1 Bdr 1 Bath 750 $859 $1.15
Unit 3 2 Bdr 2 Bath 1,000 $2,123 $2.12
Unit 4 1 Bdr 1 Bath 750 $1,914 $2.55
Unit 5 2 Bdr 2 Bath 1,000 $2,374 $2.37
Unit 6 1 Bdr 1 Bath 750 $760 $1.01
Unit 7 1 Bdr 1 Bath 750 $924 $1.23
Unit 8 1 Bdr 1 Bath 750 $923 $1.23
Unit 9 1 Bdr 1 Bath 750 $700 $0.93
TOTAL Vacant $0
9 TOTAL Occupied 7,250 $12,389
9 TOTAL 7,250 $12,389
PriCing & finanCial analysis
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: Y0140730
inCome & exPenses
INCOME Current Per Unit Pro forma Per Unit
GROSS POTENTIAL RENT $148,668 $16,519 $247,260 $27,473
Other Income
Laundry Income $1,488 $165 $1,488 $165
GROSS POTENTIAL INCOME $150,156 $16,684 $248,748 $27,639
Vacancy/Collection Allowance (GPR) 3.0% / $4,460 $496 3.0% / $7,418 $824
EFFECTIVE GROSS INCOME $145,696 $16,188 $241,330 $26,814
EXPENSES Current Per Unit Pro Forma Per Unit
Real Estate Taxes (1.1792%) $33,312 $3,701 $33,312 $3,701
Insurance $3,689 $410 $3,689 $410
Utilities $2,895 $322 $2,895 $322
Rubbish $1,138 $126 $1,138 $126
Repairs & Maintenance $4,500 $500 $4,500 $500
Unit Turnover $2,250 $250 $2,250 $250
Management Fee 4.0% / $5,828 $648 4.0% / $9,653 $1,073
General & Administrative $1,125 $125 $1,125 $125
Reserves & Replacements $1,800 $200 $1,800 $200
Landscaping $900 $100 $900 $100
TOTAL EXPENSES $57,437 $6,382 $61,262 $6,807
Expenses per SF $7.67 $8.19
% of EGI 39.4% 25.4%
NET OPERATING INCOME $88,259 $9,807 $180,068 $20,008
PriCing & finanCial analysis
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: Y0140730
finanCial overview
Property Details
Location 7972 Norton Avenue West Hollywood, CA 90046
Price $2,825,000
Down Payment 100% / $2,825,000
Number of Units 9
Price/Unit $313,889
Rentable Square Feet 7,484
Price/SF $377.47
CAP Rate-Current 3.12%
CAP Rate - Pro Forma 6.37%
GIM - Current 18.81
GIM - Pro Forma 11.36
Year Built / Renovated 1958
Lot Size 7,461
Type of Ownership Fee Simple
Annualized Operating DataIncome Current Pro FormaGross Potential Rent $148,668 $247,260
Other Income $1,488 $1,488
Gross Potential Income $150,156 $248,748
Less: Vacancy / Deductions (GPR) 3.0% / $4,460 3.0% / $7,418
Effective Gross Income $145,696 $241,330
Less: Expenses $57,437 $61,262
Net Operating Income $88,259 $180,068
Expenses Current Pro FormaReal Estate Taxes $33,312 $33,312
Insurance $3,689 $3,689
Utilities $2,895 $2,895
Rubbish $1,138 $1,138
Repairs & Maintenance $4,500 $4,500
Unit Turnover $2,250 $2,250
Management Fee $5,828 $9,653
General & Administrative $1,125 $1,125
Reserves & Replacements $1,800 $1,800
Landscaping $900 $900
Total Expenses $57,437 $61,262
Expenses / Unit $6,382 $6,807
Expenses / SF $7.67 $8.19
% of EGI 39.42% 25.39%
Scheduled Income
NO. OF UNITS
UNIT TYPE APPROX. SF
CURRENTRENTS
RENT/SF
MONTHLY INCOME
PRO FORMA RENTS
RENT/SF
MONTHLY INCOME
7 1 Bdr 1 Bath 750 $700 - $1,914 $1.72 $7,892 $2,145 $2.86 $15,015
2 2 Bdr 2 Bath 1,000 $2,123 - $2,374 $2.25 $4,497 $2,795 $2.80 $5,590
9 TOTAL: 7,484 $12,389 $20,605
PriCing & finanCial analysis
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: Y0140730
PROPERTY DESCRIPTION
regional maP
Local Map Regional Map
PROPERTY DESCRIPTION7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
AREA MAPS
7972 Norton Avenue
ProPerty desCriPtion
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: Y0140730
loCal maP
Local Map Regional Map
PROPERTY DESCRIPTION7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
AREA MAPS
7972 Norton Avenue
ProPerty desCriPtion
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: Y0140730
aerial Photo
ProPerty desCriPtion
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: Y0140730
ProPerty summary
The Offering
Property Address7972 Norton Avenue
West Hollywood, CA 90046
Assessor’s Parcel Number 5554-013-016
Zoning WDR4
Site DescriptionNumber of Units 9
Number of Buildings 1
Number of Stories 3
Year Built 1958
Rentable Square Feet 7,484
Lot Size 7,461
Type of Ownership Fee Simple
Parking 10 Spaces
UtilitiesElectric Separately Metered
Gas Separately Metered
ConstructionFraming Wood Frame
Exterior Stucco
Parking Surface Concrete
Roof Pitched
ProPerty desCriPtion
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: Y0140730
ProPerty desCriPtion
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: Y0140730
ProPerty desCriPtion
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: Y0140730
ProPerty desCriPtion
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: Y0140730
reCent sales maP
1)2)3)4)5)6)7)8)9)
7972 Norton Avenue1036 N Genesee Avenue7714-20 Hampton Avenue1280 N Laurel Avenue8208 Norton Avenue633-37 N Hayworth Avenue7969 Norton Avenue1205 N Hayworth Avenue1218 N Laurel Avenue525 N Hayworth Avenue
RECENT SALES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
RECENT SALES MAP
5
4 78
9
32
1
Recent Sales
7972 Norton Avenue
1) 1036 N Genesee Avenue
2) 7714-20 Hampton Avenue
3) 1280 N Laurel Avenue
4) 8208 Norton Avenue
5) 633-37 N Hayworth Avenue
6) 7969 Norton Avenue
7) 1205 N Hayworth Avenue
8) 1218 N Laurel Avenue
9) 525 N Hayworth Avenue
6
reCent sales
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: Y0140730
average CaP rate
average GRM average PriCe Per unit
average PriCe Per square foot
0.00
0.40
0.80
1.20
1.60
2.00
2.40
2.80
3.20
3.60
4.00
Subject 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
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 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
8208NortonAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
RECENT SALES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
0.00
40.00
80.00
120.00
160.00
200.00
240.00
280.00
320.00
360.00
400.00
440.00
Subject 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
8208NortonAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
525N
HayworthAvenue
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000
320,000
360,000
400,000
Subject 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
8208NortonAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
525N
HayworthAvenue
RECENT SALES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
0.00
40.00
80.00
120.00
160.00
200.00
240.00
280.00
320.00
360.00
400.00
440.00
Subject 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
8208NortonAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
525N
HayworthAvenue
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000
320,000
360,000
400,000
Subject 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
8208NortonAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
525N
HayworthAvenue
RECENT SALES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
0.00
0.40
0.80
1.20
1.60
2.00
2.40
2.80
3.20
3.60
4.00
Subject 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
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 1036N
GeneseeAvenue
7714-20HamptonAvenue
1280N
LaurelAvenue
8208NortonAvenue
633-37N
HayworthAvenue
7969NortonAvenue
1205N
HayworthAvenue
1218N
LaurelAvenue
RECENT SALES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
SubjectSubject
SubjectSubject
Avg $382.52
Avg $324,309
Avg 3.16%
Avg 18.95
3.12
%
2.97
%
2.23
%
3.85
%
2.81
%
3.72
%
3.32
%
3.25
%
18.8
1
19.6
0
20.9
4
16.0
1
19.3
0
21.4
9
17.4
3
17.9
7
18.8
5
$377
.47
$354
.09
$306
.06
$437
.69
$372
.55
$412
.43
$397
.08
$346
.99
$405
.91
$409
.91
$313
,889
$290
,000
$279
,545
$322
,000
$330
,000
$313
,333
$373
,333
$337
,000
$312
,500
$361
,071
reCent sales
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: Y0140730
7972 Norton AvenueWest Hollywood, CA 90046
Subject Property
Total No. of Units 9
Year Built 1958
Sales Price $2,825,000
Price/Unit $313,889
Price/SF $377.47
Rentable SF 7,484
Lot Size 7,461
CAP Rate 3.12%
GRM 18.81
NO. OF UNITS UNIT TYPE
7 1 Bdr 1 Bath
2 2 Bdr 2 Bath
1036 N Genesee AvenueWest Hollywood, CA 90046
Close of Escrow 05/19/2017
Total No. of Units 10
Year Built 1960
Sales Price $2,900,000
Price/Unit $290,000
Price/SF $354.09
Rentable SF 8,190
Lot Size 6,565
CAP Rate 2.97%
GRM 19.60
NO. OF UNITS UNIT TYPE
8 1 Bdr 1 Bath
2 2 Bdr 2 Bath
1
7714-20 Hampton AvenueWest Hollywood, CA 90046
Close of Escrow 04/27/2017
Total No. of Units 22
Year Built 1965
Sales Price $6,150,000
Price/Unit $279,545
Price/SF $306.06
Rentable SF 20,094
Lot Size 16,325
CAP Rate 2.23%
GRM 20.94
NO. OF UNITS UNIT TYPE
2 Single
15 1 Bdr 1 Bath
5 2 Bdr 2 Bath
2
reCent sales
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: Y0140730
1280 N Laurel AvenueWest Hollywood, CA 90046
Close of Escrow 04/27/2017
Total No. of Units 25
Year Built 1950
Sales Price $8,050,000
Price/Unit $322,000
Price/SF $437.69
Rentable SF 18,392
Lot Size 19,201
CAP Rate 3.85%
GRM 16.01
NO. OF UNITS UNIT TYPE
3 Studio
22 1 Bdr 1 Bath
3
8208 Norton AvenueWest Hollywood, CA 90046
Close of Escrow 07/01/2016
Total No. of Units 9
Year Built 1956
Sales Price $2,970,000
Price/Unit $330,000
Price/SF $372.55
Rentable SF 7,972
Lot Size 7,497
GRM 19.30
NO. OF UNITS UNIT TYPE
6 1 Bdr 1 Bath
3 2 Bdr 1 Bath
633-37 N Hayworth AvenueWest Hollywood, CA 90048
Close of Escrow 08/31/2016
Total No. of Units 15
Year Built 1958
Sales Price $4,700,000
Price/Unit $313,333
Price/SF $412.43
Rentable SF 5,761
Lot Size 6,608
CAP Rate 2.81%
GRM 21.49
NO. OF UNITS UNIT TYPE
13 1 Bdr 1 Bath
1 1 Bdr 2 Bath
1 2 Bdr 2 Bath
54
reCent sales
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: Y0140730
1205 N Hayworth AvenueWest Hollywood, CA 90046
Close of Escrow 06/07/2017
Total No. of Units 10
Year Built 1954
Sales Price $3,370,000
Price/Unit $337,000
Price/SF $346.99
Rentable SF 9,712
Lot Size 9,688
CAP Rate 3.32%
GRM 17.97
NO. OF UNITS UNIT TYPE
6 1 Bdr 1 Bath
4 2 Bdr 2 Bath
7
1218 N Laurel AvenueWest Hollywood, CA 90046
Close of Escrow 01/24/2017
Total No. of Units 16
Year Built 1954
Sales Price $5,000,000
Price/Unit $312,500
Price/SF $405.91
Rentable SF 12,318
Lot Size 15,599
CAP Rate 3.25%
GRM 18.85
NO. OF UNITS UNIT TYPE
9 1 Bdr 1 Bath
6 2 Bdr 1 Bath
1 2 Bdr 2 Bath
8
7969 Norton AvenueWest Hollywood, CA 90046
Close of Escrow 01/26/2017
Total No. of Units 15
Year Built 1956
Sales Price $5,600,000
Price/Unit $373,333
Price/SF $397.08
Rentable SF 14,103
Lot Size 15,055
CAP Rate 3.72%
GRM 17.43
NO. OF UNITS UNIT TYPE
1 Single
4 1 Bdr 1 Bath
2 2 Bdr 1 Bath
6 2 Bdr 1.5 Bath
1 2 Bdr 1.5 Bath Twnhs
1 3 Bdr 1.5 Bath Twnhs
6
reCent sales
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: Y0140730
525 N Hayworth AvenueWest Hollywood, CA 90048
Close of Escrow 10/20/2016
Total No. of Units 7
Year Built 1966
Sales Price $2,527,500
Price/Unit $361,071
Price/SF $409.91
Rentable SF 6,166
Lot Size 6,610
NO. OF UNITS UNIT TYPE
5 1 Bdr 1 Bath
1 2 Bdr 1 Bath
1 3 Bdr 2 Bath
9
reCent sales
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: Y0140730
sales ComParable summaryADDRESS CLOSE OF
ESCROW UNIT TYPE YEAR BUILT
NO. OF UNITS
BLDG SIZE
LOT SIZE
SALES PRICE
PRICE/ UNIT
PRICE/ SF
CAP RATE GRM
11036 N Genesee Avenue
West Hollywood, CA 90046 05/19/20178 -
2 -
1 Bdr 1 Bath
2 Bdr 2 Bath1960 10 8,190 6,565 $2,900,000 $290,000 $354.09 2.97% 19.60
27714-20 Hampton AvenueWest Hollywood, CA 90046 04/27/2017
2 -
15 -
5 -
Single
1 Bdr 1 Bath
2 Bdr 2 Bath
1965 22 20,094 16,325 $6,150,000 $279,545 $306.06 2.23% 20.94
31280 N Laurel Avenue
West Hollywood, CA 90046 04/27/20173 -
22 -
Studio
1 Bdr 1 Bath1950 25 18,392 19,201 $8,050,000 $322,000 $437.69 3.85% 16.01
48208 Norton Avenue
West Hollywood, CA 90046 07/01/20166 -
3 -
1 Bdr 1 Bath
2 Bdr 1 Bath1956 9 7,972 7,497 $2,970,000 $330,000 $372.55 -- 19.30
5633-37 N Hayworth Avenue West Hollywood, CA 90048 08/31/2016
13 -
1 -
1 -
1 Bdr 1 Bath
1 Bdr 2 Bath
2 Bdr 2 Bath
1958 15 5,761 6,608 $4,700,000 $313,333 $412.43 2.81% 21.49
67969 Norton Avenue
West Hollywood, CA 90046 01/26/2017
1 -
4 -
2 -
6 -
1 -
1 -
Single
1 Bdr 1 Bath
2 Bdr 1 Bath
2 Bdr 1.5 Bath
2 Bdr 1.5 Bath Twnhs
3 Bdr 1.5 Bath Twnhs
1956 15 14,103 15,055 $5,600,000 $373,333 $397.08 3.72% 17.43
71205 N Hayworth Avenue
West Hollywood, CA 90046 06/07/20176 -
4 -
1 Bdr 1 Bath
2 Bdr 2 Bath 1954 10 9,712 9,688 $3,370,000 $337,000 $346.99 3.32% 17.97
81218 N Laurel Avenue
West Hollywood, CA 90046 01/24/2017
9 -
6 -
1 -
1 Bdr 1 Bath
2 Bdr 1 Bath
2 Bdr 2 Bath
1954 16 12,318 15,599 $5,000,000 $312,500 $405.91 3.25% 18.85
9525 N Hayworth Avenue
West Hollywood, CA 90048 10/20/2016
5 -
1 -
1 -
1 Bdr 1 Bath
2 Bdr 1 Bath
3 Bdr 2 Bath
1966 7 6,166 6,610 $2,527,500 $361,071 $409.91 -- --
AVERAGES 1958 14 11,412 11,461 $4,585,278 $324,309 $382.52 3.16% 18.95
* 7972 Norton Avenue West Hollywood, CA 90046
Subject Property
7 -
2 -
1 Bdr 1 Bath
2 Bdr 2 Bath1958 9 7,484 7,461 $2,825,000 $313,889 $377.47 3.12% 18.81
reCent sales
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: Y0140730
RENT COMPARABLES
rent ComParables maP
1)2)3)4)5)6)
7972 Norton Avenue7969 Norton Avenue1031 N Orange Grove Avenue904 N Gardner Street1216 N Crescent Heights Boulevard1237 N Orange Grove Avenue1016 N Laurel Avenue
RENT COMPARABLES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
RENT COMPARABLES MAP
4
6
3
2
1
Rent Comparables
7972 Norton Avenue
1) 7969 Norton Avenue
2) 1031 N Orange Grove Avenue
3) 904 N Gardner Street
4) 1216 N Crescent Heights Boulevard
5) 1237 N Orange Grove Avenue
6) 1016 N Laurel Avenue
5
rent ComParables
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average rents - 1 bedroom units
0
300
600
900
1,200
1,500
1,800
2,100
2,400
Subject 904N
GardnerStreet
1237N
OrangeGrove
Avenue
1016N
LaurelAvenue
RENT COMPARABLES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
OCCUPANCY AND AVERAGE RENTS
0
300
600
900
1,200
1,500
1,800
2,100
2,400
2,700
3,000
Subject 7969NortonAvenue
1031N
OrangeGrove
Avenue
1216N
CrescentHeights
Boulevard
RENT COMPARABLES7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
average rents - 2 bedroom units
Avg $2,382
Avg $2,957
Subject
$700
- $
1,91
4
$2,4
95
$2,4
50
$2,2
00
$2,1
23 -
$2,
374
$2,9
95
$2,8
95
$2,9
80
rent ComParables
Subject
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: Y0140730
7972 Norton AvenueWest Hollywood, CA 90046
Total No. of Units 9
Year Built / Renovated 1958
UNIT TYPE UNITS SF RENT RENT/SF
1 Bdr 1 Bath 7 750 $700 - $1,914 $1.72
2 Bdr 2 Bath 2 1,000 $2,123 - $2,374 $2.25
TOTAL/AVG. 9 7,484 $1,778 $1.66
7969 Norton AvenueWest Hollywood, CA 90046
Total No. of Units 15
Year Built / Renovated 1956
UNIT TYPE SF RENT RENT/SF
2 Bdr 1 Bath 1,000 $2,995 $3.00
TOTAL/AVG. $2,995
1
AmenitiesProperty features wood flooring, on-site laundry, and a swimming pool.
rent ComParables
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: Y0140730
1031 N Orange Grove AvenueWest Hollywood, CA 90046
Total No. of Units 7
Year Built / Renovated 1989
UNIT TYPE SF RENT RENT/SF
2 Bdr 2 Bath 970 $2,895 $2.98
TOTAL/AVG. $2,895
904 N Gardner StreetWest Hollywood, CA 90046
Total No. of Units 7
Year Built / Renovated 1956
UNIT TYPE SF RENT RENT/SF
1 Bdr 1 Bath 725 $2,495 $3.44
TOTAL/AVG. $2,495
32
AmenitiesProperty features stainless steel appliances, wood flooring, balconies, and on-site laundry.
AmenitiesProperty features wood flooring, Caesarstone countertops, tile backsplashes, stainless steel appliances, balconies, and on-site laundry.
rent ComParables
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: Y0140730
1216 N Crescent Heights BoulevardWest Hollywood, CA 90046
Total No. of Units 19
Year Built / Renovated 1950
UNIT TYPE SF RENT RENT/SF
2 Bdr 1 Bath 945 $2,980 $3.15
TOTAL/AVG. $2,980
1237 N Orange Grove AvenueWest Hollywood, CA 90046
Total No. of Units 8
Year Built 1926
UNIT TYPE SF RENT RENT/SF
1 Bdr 1 Bath 670 $2,450 $3.66
TOTAL/AVG. $2,450
54
AmenitiesProperty features wood flooring, stainless steel appliances, and on-site laundry.
AmenitiesProperty features wood flooring, quartz countertops, recessed lighting, stainless steel applianc-es, and in-unit laundry.
rent ComParables
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: Y0140730
1016 N Laurel AvenueWest Hollywood, CA 90046
Total No. of Units 10
Year Built / Renovated 1963
UNIT TYPE SF RENT RENT/SF
1 Bdr 1 Bath 700 $2,200 $3.14
TOTAL/AVG. $2,200
6
AmenitiesProperty features wood flooring, ceiling fans, and on-site laundry.
rent ComParables
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: Y0140730
rent ComParable summary
ADDRESS UNIT TYPE NO. OF UNITS
YEAR BUILT / REN-OVATED AVG SF MARKET RENTS RENT PER SF
17969 Norton Avenue
West Hollywood, CA 90046 2 Bdr 1 Bath 15 1956 1,000 $2,995 $3.00
21031 N Orange Grove AvenueWest Hollywood, CA 90046 2 Bdr 2 Bath 7 1989 970 $2,895 $2.98
3904 N Gardner Street
West Hollywood, CA 90046 1 Bdr 1 Bath 7 1956 725 $2,495 $3.44
41216 N Crescent Heights Boulevard
West Hollywood, CA 90046 2 Bdr 1 Bath 19 1950 945 $2,980 $3.15
51237 N Orange Grove AvenueWest Hollywood, CA 90046 1 Bdr 1 Bath 8 1926 670 $2,450 $3.66
61016 N Laurel Avenue
West Hollywood, CA 90046 1 Bdr 1 Bath 10 1963 700 $2,200 $3.14
AVERAGES1 Bedroom Unit2 Bedroom Unit
814
19481965
698972
$2,382$2,957
$3.41$3.04
* 7972 Norton Avenue
West Hollywood, CA 90046
1 Bdr 1 Bath
2 Bdr 2 Bath9 1958
750
1,000
$700 - $1,914
$2,123 - $2,374
$1.72
$2.25
rent ComParables
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: Y0140730
DEMOGRAPHIC ANALYSIS
demograPhiC rePort
Population 1 MILE 3 MILES 5 MILES Income 1 MILE 3 MILES 5 MILES
2010 POPULATION 57,346 296,514 863,370 $0 $14,999 17.3% 16.0% 17.1%
2010 POPULATION 53,244 290,731 842,045 $15,000 $24,999 10.3% 10.6% 12.7%
2014 POPULATION 56,383 304,258 874,176 $25,000 $34,999 10.2% 9.5% 10.6%
2019 POPULATION 56,494 306,957 881,103 $35,000 $49,999 12.6% 12.2% 13.1%
$50,000 $74,999 16.9% 16.0% 15.3%
Households 1 MILE 3 MILES 5 MILES $75,000 $99,999 10.8% 9.8% 8.9%
2000 HOUSEHOLDS 33,423 148,348 365,918 $100,000 $124,999 8.0% 7.6% 6.6%
2010 HOUSEHOLDS 31,889 147,987 367,214 $125,000 $149,999 4.2% 4.4% 3.8%
2014 HOUSEHOLDS 34,084 157,043 387,104 $150,000 $199,999 4.3% 5.0% 4.2%
2019 HOUSEHOLDS 34,428 159,559 393,282 $200,000 $249,999 1.9% 2.8% 2.5%
$250,000 + 3.7% 6.0% 5.2%
2014 AVERAGE HOUSEHOLD SIZE 1.64 1.92 2.23
2014 MEDIAN HOUSEHOLD INCOME $49,461 $52,237 $45,491
2014 DAYTIME POPULATION 21,503 186,810 431,471 2014 PER CAPITAL $47,308 $47,566 $37,212
2000 OWNER OCCUPIED HOUSING UNITS 16.51% 24.09% 24.58% 2014 AVERAGE HOUSEHOLD INCOME $77,848 $91,646 $83,341
2000 RENTER OCCUPIED HOUSING UNITS 80.01% 71.57% 70.91%
2000 VACANT 3.48% 4.34% 4.51%
2014 OWNER OCCUPIED HOUSING UNITS 16.62% 24.41% 25.10%
2014 RENTER OCCUPIED HOUSING UNITS 83.38% 75.59% 74.90%
2014 VACANT 1.17% 3.06% 3.08% Demographic data © 2012 by Experian.
2019 OWNER OCCUPIED HOUSING UNITS 16.65% 24.34% 25.07%
2019 RENTER OCCUPIED HOUSING UNITS 83.35% 75.66% 74.93%
2019 VACANT 0.97% 3.05% 3.01%
demograPhiC analysis
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: Y0140730
demograPhiC summary
POPULATION
In 2014, the population in your selected geography is 874,175. The population has changed by 1.25% since 2000. It is estimated that the population in your area will be 881,102 five years from now, which represents a change of 0.79% from the current year. The current population is 50.10% male and 49.89% female. The median age of the population in your area is 36.9, compare this to the Entire US average which is 37.3. The population density in your area is 11,128.59 people per square mile.
HOUSEHOLDS
There are currently 387,103 households in your selected geography. The num-ber of households has changed by 5.78% since 2000. It is estimated that the number of households in your area will be 393,282 five years from now, which represents a change of 1.59% from the current year. The average household size in your area is 2.22 persons.
INCOME
In 2014, the median household income for your selected geography is $45,491, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 31.59% since 2000. It is estimated that the median household income in your area will be $53,690 five years from now, which represents a change of 18.02% from the current year.
The current year per capita income in your area is $37,211, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $83,341, 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: 53.46% White, 8.75% Black, 0.10% Native American and 15.71% 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 34.08% of the current year population in your selected area. Compare this to the Entire US average of 17.13%.
HOUSING
In 2000, there were 94,204 owner occupied housing units in your area and there were 271,713 renter occupied housing units in your area. The median rent at the time was $639.
EMPLOYMENT
In 2014, there are 431,471 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 67.04% of em-ployees are employed in white-collar occupations in this geography, and 32.90% are employed in blue-collar occupations. In 2014, unemployment in this area is 9.82%. In 2000, the average time traveled to work was 31.5 minutes.
GeoGrApHy: 5 miles
demograPhiC analysis
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PoPulation density
Number of people living in a given area per square mile.
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
POPULATION DENSITY
demograPhiC analysis
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emPloyment density
The number of people employed in a given area per square mile.
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
EMPLOYMENT DENSITY
demograPhiC analysis
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average household inCome
Average income of all the people 15 years and older occupying a single housing unit.
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS7972 Norton AvenueWEST 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. © 2017 Marcus & Millichap. All rights reserved.
AVERAGE HOUSEHOLD INCOME
demograPhiC analysis
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traffiC Counts
Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
DEMOGRAPHIC ANALYSIS7972 Norton AvenueWEST HOLLYWOOD, CA
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* Traffic Count Estimate
TRAFFIC COUNTS
demograPhiC analysis
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Exclusively Listed By:
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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