UnBrandedEdited 523 W6thStreet OM 10 29 19€¦ · Local Map Aerial Photo FINANCIAL ANALYSIS 02 Rent Roll Summary Rent Roll Detail Operating Statement Notes Pricing Detail Acquisition

Offering Memorandum

523 W 6TH STREET

ANTIOCH, CA 94509

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

Confidentiality and DisclaimerThe 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 andshould 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, unverifiedinformation 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 duediligence 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, thefuture 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 orasbestos, 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 anytenant'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 bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & 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 orname 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.

523 W 6TH STAntioch, CAACT ID Z0020573

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TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Regional Map

Local Map

Aerial Photo

FINANCIAL ANALYSIS 02Rent Roll Summary

Rent Roll Detail

Operating Statement

Notes

Pricing Detail

Acquisition Financing

MARKET COMPARABLES 03Sales Comparables

Rent Comparables

MARKET OVERVIEW 04Market Analysis

Demographic Analysis

523 W 6TH ST

3

523 W 6TH ST

4

INVESTMENT

OVERVIEW

523 W 6TH ST

#

EXECUTIVE SUMMARY

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES

Diamond Ridge Healthcare Ctr 2,973

Sutter Health 916

Walmart 600

Qg Printing II Corp 519

City of Pittsburg 402

Cop Neighborhood Center 400

Los Medanos College 400

Department of Public Works 350

Montrose Envmtl Group Inc 322

Antioch Unified School Dst 289

MI Pueblo Newco LLC 281

Pittsburg High School 263

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2018 Estimate Pop 15,206 72,153 168,916

2010 Census Pop 14,158 67,048 154,581

2018 Estimate HH 5,189 24,019 53,708

2010 Census HH 4,795 22,214 49,067

Median HH Income $42,679 $60,012 $70,129

Per Capita Income $21,891 $27,218 $29,537

Average HH Income $63,216 $81,358 $92,599

UNIT MIX

NUMBEROF UNITS

UNIT TYPEAPPROX.SQUARE FEET

3 Two Bedroom 984

3 Total 2,952

VITAL DATA

Price $865,000 CURRENT YEAR 1

Down Payment 30% / $259,500 CAP Rate 5.18% 5.40%

Loan Amount $605,500 GRM 13.85 13.37

Loan Type Proposed NewNet Operating Income

$44,813 $46,685

Interest Rate / Amortization 3.25% / 30 YearsNet Cash Flow After Debt Service

5.08% / $13,191 5.80% / $15,063

Price/Unit $288,333 Total Return 9.75% / $25,314 10.63% / $27,585

Price/SF $293.02

Number of Units 3

Rentable Square Feet 2,952

Year Built 1987

Lot Size 0.12 acre(s)

5

523 W 6TH ST

OFFERING SUMMARY

Commanding corner location with attractive landscaping and new exterior paint

Common area laundry & enclosed garages with second tandem spot in driveway

Individual hot water heaters & separately metered for gas and electricity

Many newer appliances

Wall-to-wall carpeting, newer flooring & air conditioning

Private patio for Unit C

INVESTMENT HIGHLIGHTS

523 West 6th Street commands a great corner location at the intersection of West 6th Street and G Street and is located conveniently near City Services which is just a short walk from downtown Antioch. Tenants enjoy the close proximity to Somersville Road in Antioch with retail shopping including Target, Lowe's Home Improvement Center, Best Buy and Ross Dress for Less. Also, in close proximity are schools, Contra Loma Regional Park, public transportation, the Contra Costa Fairgrounds, and a plethora of retail and entertainment centers in nearby Brentwood, CA just a few minutes to the east.

The subject property exterior and all three apartment home interiors are highly renovated. The property was painted in 2017 and benefits from a low maintenance pitched composite roof, attractive landscaping, large enclosed backyard and patio for unit #B, and a large three car garage with individual roll up doors for each tenant. Each unit has its own individual apartment entrance, features newer appliances, newer flooring, new countertops, new interior paint, garbage disposals, and dishwashers. Tenants enjoy the spacious garages which can be used for parking or storage, with an additional second parking space (tandem in front of each private garage space). The garage also houses common coin operated laundry, with one washer (newer speed queen) and one dryer. All units are separately metered for electricity and gas with the owner paying common area water, garbage, and the common area PG&E (laundry & exterior lights).

INVESTMENT OVERVIEW

6

#

OFFERING SUMMARY

The city of Antioch is located in eastern Contra Costa County and is at the crossroads linking the San Francisco/East Bay region with Sacramento and the Central Valley. Located approximately 44 miles east of San Francisco and 21 miles northeast of Walnut Creek, Antioch has a rapidly growing population of 111,535 residents (as of 2019). Antioch benefits from tremendous rental demand as the tight vacancy market of nearby Concord, Walnut Creek, and Central Contra Costa pushes tenants into nearby cities. The recently opened Hillcrest BART terminal allows Antioch tenants to easily commute to major job centers with ease. The major employers in Antioch and Pittsburg include the Antioch Unified School District, Pittsburg Unified School District, Sutter Delta Medical Center, Kaiser Permanente, Wal-Mart, USS-POSCO Industries, and Los MedanosCommunity College.

East Contra Costa is currently in the middle of a dramatic population explosion as renters flee the outrageously priced, San Francisco, Oakland, and Central Contra Costa rental markets. This is reflected in the current vacancy rate which hovers near all time lows. The low vacancy translates to steady rent growth and an increasing trend in income collected. The City of Antioch is positively influenced from being sandwiched between nearby Sacramento, Oakland and San Francisco markets and remains very affordable in comparison to the surrounding cities. With increasing population and very little multifamily construction planned, Antioch should continue to experience very low vacancy rates and increased rents into the foreseeable future. These factors should ensure a new owner excellent rental upside and future appreciation.

77

LOCATION OVERVIEW

*All square footage is estimated, neither Seller nor Broker/Agent make any guarantee or representation as to accuracy of square footage. Buyer assumes all responsibility to measure and determine actual square footage.

523 W 6TH ST

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OFFERING SUMMARY

BART’s new East Bay extension to Antioch is already rocketing off the charts.

Opened at a cost of $525 million, the 10-mile link from Pittsburg to Antioch isaveraging 3,800 weekday riders — well above the 2,800 BART initially estimated.“And there likely would be even more riders, but there’s no room in the parking lot,”said BART Board Director Joel Keller, whose east Contra Costa County districtincludes the new station.

The 1,006-slot parking lot, which already is being restriped to allow for more thanthree dozen extra vehicles, is usually filled by 5:55 a.m.

BART “underestimated the parking,” said Antioch Mayor Sean Wright. As a result,riders are parking all day on neighborhood streets.

Now the transit agency is moving to add 700 parking spaces on seven acres it ownsadjacent to the station. But if that doesn’t do the trick, it could reopen the long-standing debate among BART directors over whether building more parking is thebest way to promote the use of public transit.

Keller said he “fully supports” getting commuters out of their cars, but in this case,there isn’t adequate bus service in the area.

“Wouldn’t it be better to divert people off the roads and onto transit rather than havethem continue driving to the urban core?” Keller asked.

88*SOURCE: https://www.sfchronicle.com/bayarea/matier-ross/article/BART-extension-to-Antioch-so-popular-there-s-no-13110697.php

BART’s New Antioch Station is Very Popular

523 W 6TH ST

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OFFERING SUMMARY

ANTIOCH — The long-awaited Bay Point-to-Antioch BART extension rolled into full-time service, giving traffic-weary commuters in East Contra Costa a reason to hope.

The service, which provides a rail link from Antioch and Pittsburg to the Bay Point/Pittsburg station and trains headed west, cost $525 million and took nine years from BART board approval to the launch.

The extension is expected to ease traffic on often congested Highway 4. If filled to capacity, the train cars will remove from the roadway the equivalent of one lane of traffic during peak commute hours, BART officials said.

Commuters had gotten a little relief even before the new rail extension opened for business, as the busy highway was widened to eight lanes between Loveridge Road in Pittsburg to just west of Highway 160 in Antioch. But even that couldn’t help the morning commute, where even a minor fender bender can bring cars to a near standstill. On some days, traveling Highway 4 between Antioch and Bay Point, which takes just 10 minutes on the BART extension, can take an hour.

Kimbra Brazeal, 29, boarded the train at the Railroad Avenue station, headed to Concord. “Railroad gets pretty backed up just trying to get onto Highway 4,” she said, “so I can imagine how much better this is going to be.”

99*SOURCE: https://www.mercurynews.com/2018/05/26/antioch-bart-extension-rolls-with-rave-reviews-on-first-day-of-service/

The long- awaited extension is expected to ease heavy traffic on Highway 4

523 W 6TH ST

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OFFERING SUMMARY

The 10 Bay Area cities with the fastest housing appreciation over the past fiveyears are located across the region and aren't traditionally the most sought-aftercommunities.

Yet they’ve all have seen their housing prices grow by more than 15 percent overthe time period, according to data from real estate company Trulia.

While the communities may not be marquee-level names, they are often some ofthe most affordable communities in the region. Cities like Richmond, Pittsburg andAntioch have seen some of the highest increases regionally yet still have medianhome prices under $500,000.

Bay Area cities have the fastest appreciating home prices.

Most are in Eastern Contra Costa County and Southern Alameda County and havea few key characteristics in common, including a working-class pedigree and ahigher proportion of the population that are minorities.

Trulia Chief Economist Ralph McLaughlin said the recent housing appreciation inthese communities makes sense when considering some of these areas are stillshaking off the aftershocks of the Great Recession.

“The big picture here is that the more affordable areas are the ones that have seenthe most price appreciation,” McLaughlin said. “Those areas were the ones thatwere hit the hardest by the housing crash, and working-class homeowners werethe ones most disproportionately affected by the housing foreclosure crisis.”

A vast majority of the cities with the greatest housing appreciation are in the EastBay.

1010*SOURCE: San Francisco Business Times; By Kevin Truong – Multimedia producer, San Francisco Business Times

East Bay Business News: Bay Area Cities Where Prices Have Risen the Most

523 W 6TH ST

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OFFERING SUMMARY

So who are the homebuyers driving up prices? McLaughlin said for the most part they come from two groups: Those looking to re-enter the housing marketafter foreclosure during the Great Recession and first-time homebuyers.

“These are the bastions of affordability in the Bay Area, and when push comes to shove, buyers are going to go to the markets that they can afford to buy,”McLaughlin said.

Contra Costa County Supervisor John Gioia, who represents Richmond and San Pablo, said that he’s seen a domino effect as housing prices have pushedfamilies out of major population centers and further into the East Bay.

“The story we’re hearing on the ground confirms the data,” Gioia said. “People are being priced out of West Contra Costa because of rising rents and homeprices.”

McLaughlin said that he expects housing prices to continue appreciating in these cities, corresponding to greater wealth for longtime homeowners, but alsoincreased competition for an increasingly scarce inventory

1111

East Bay Business News: Bay Area Cities Where Prices Have Risen the Most

*SOURCE: San Francisco Business Times; By Kevin Truong – Multimedia producer, San Francisco Business Times

Antioch Marina Antioch Downtown

523 W 6TH ST

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OFFERING SUMMARY

1212

Judith Prieve from East Bay Times states that Antioch has been Bay Area’s best kept secret for quite a while. Recently, the city spent $236,000 on a marketing plan working towards changing the perception of how some people see Antioch. Their slogan is “Opportunity Lives Here.” Antioch is a great place to expand businesses because of the reverse commute. Additionally, this city is the perfect midpoint from San Francisco, Sacramento, and Central Valley. There is so much positivity happening in Antioch such as the new BART, improved Highway 4, and AMTRACK service.

*SOURCE: https://www.eastbaytimes.com/2019/04/04/antioch-launches-marketing-campaign-to-attract-business-improve-image/

East Bay Times – Antioch Launches Marketing Campaign to Attract & Improve Image

523 W 6TH ST

523 W 6TH ST

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OFFERING SUMMARY

1313*SOURCE: CoStar Analytics. Based on survey of 151 apartment properties in Antioch.

CITY OF ANTIOCH EFFECTIVE RENT PER SF

523 W 6TH ST

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OFFERING SUMMARY

1414

CITY OF ANTIOCH VACANY RATE

*SOURCE: CoStar Analytics. Based on survey of 151 apartment properties in Antioch.

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523 W 6th STREET UNIT A INTERIORS

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UNIT A INTERIORS523 W 6th STREET

#19

UNIT B INTERIORS523 W 6th STREET

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523 W 6th STREET UNIT B INTERIORS

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523 W 6th STREET UNIT B INTERIORS

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523 W 6th STREET UNIT C INTERIORS

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523 W 6th STREET UNIT C INTERIORS

REGIONAL MAP

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LOCAL MAP

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AERIAL PHOTO

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SUBJECT PROPERTY

W 6TH STREET

W 7TH STREET

*This product is for informational purposes and may not have been prepared for or be suitable for legal, engineering, or surveying purposes. It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries.

LOCATION AERIAL

523 W 6TH ST

27

SUBJECT PROPERTY

CONTRA COSTA COUNTY FAIR

GROUNDS

CENTURY PLAZA SHOPPING CENTER &

SOMERSVILLE TOWNE CENTER


LOCATION AERIAL

523 W 6TH ST

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SUBJECT PROPERTY

ANTIOCH HIGH

SCHOOL

ANTIOCH MIDDLE SCHOOL

PARK MIDDLE SCHOOL CROSSINGS SHOPPING CENTER


523 W 6TH ST

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FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS

523 WEST 6TH, ANTIOCH, CA

RENT ROLL SUMMARY

30

FINANCIAL ANALYSIS


31

RENT ROLL DETAIL

FINANCIAL ANALYSIS


OPERATING STATEMENT

32

FINANCIAL ANALYSIS


NOTES

33

FINANCIAL ANALYSIS


PRICING DETAIL

34

523 W 6TH ST

35

MARKET

COMPARABLES

523 W 6TH ST

SALES COMPARABLES MAP

36

523 W 6TH ST(SUBJECT)

1616 G St

9 S Lake Dr

2513 Jenifer Ct

2509 Jenifer Ct

2703 Stapleton Dr

1105 E St

236 Chestnut St

55 Marin Ave

78 W 11th St

3796 Harbor St

1530 Somers St

247 Ramona St

501 W 11th St

128 E 7th St

SALES COMPARABLES

1

2

3

4

5

7

8

13

14

6

9

10

11

12

37

Avg. $316.03

$0.00

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

$350.00

$400.00

$450.00

$500.00

523W 6th St

1616 G St 9 S Lake Dr 2513Jenifer Ct

2509Jenifer Ct

2703Stapleton

Dr

1105 E St 236Chestnut St

55 MarinAve

78 W 11thSt

3796Harbor St

1530Somers St

247Ramona St

501W 11th St

128E 7th St

PROPERTY NAME523 W 6TH ST

SALES COMPARABLES

Average Price Per Square Foot

SALES COMPARABLES SALES COMPS AVG

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

SALES COMPARABLES

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SALES COMPARABLES

Units Unit Type

Offering Price: $865,000 3 Two Bdr

Price/Unit: $288,333

Price/SF: $293.02

CAP Rate: 5.56%

GRM: 13.14

Total No. of Units: 3

Year Built: 1987

Underwriting Criteria

Income $66,033 Expenses $17,910

NOI $48,123 Vacancy ($987)

523 W 6TH ST523 W 6th St, Antioch, CA, 94509

1

Close Of Escrow: 5/1/2019

Sales Price: $800,000


Price/SF: $294.55

CAP Rate: 6.00%


Year Built: 1959

1616 G ST1616 G St, Antioch, CA, 94509


Sales Price: $1,100,000


Price/SF: $282.05


Year Built: 1966

2

9 S LAKE DR9 S Lake Dr, Antioch, CA, 94509

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

SALES COMPARABLES

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SALES COMPARABLES




Price/SF: $296.78


Year Built: 1979

3

2513 JENIFER CT2513 Jenifer Ct, Antioch, CA, 94509

4




Price/SF: $354.57


Year Built: 1978

2509 JENIFER CT 2509 Jenifer Ct, Antioch, CA, 94509




Price/SF: $336.54


Year Built: 1978

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2703 STAPLETON DR2703 Stapleton Dr, Antioch, CA, 94509

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

SALES COMPARABLES

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SALES COMPARABLES




Price/SF: $283.19


Year Built: 1956

6

1105 E ST1105 E St, Antioch, CA, 94509

7




Price/SF: $310.94


Year Built: 1935

236 CHESTNUT ST 236 Chestnut St , Brentwood, CA, 94513




Price/SF: $288.02


Year Built: 1965

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55 MARIN AVE55 Marin Ave, Bay Point, CA, 94565

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

SALES COMPARABLES

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SALES COMPARABLES




Price/SF: $280.30


Year Built: 2018

9

78 W 11TH ST78 W 11th St, Pittsburg, CA, 94565

10




Price/SF: $285.15


Year Built: 1977

3796 HARBOR ST 3796 Harbor St , Pittsburg, CA, 94565




Price/SF: $286.16


Year Built: 1950

11

1530 SOMERS ST1530 Somers St, Pittsburg, CA, 94565

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

SALES COMPARABLES

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SALES COMPARABLES




Price/SF: $322.71


Year Built: 1951

12

247 RAMONA ST247 Ramona St, Pittsburg, CA, 94565

13




Price/SF: $341.95


Year Built: 1959

501 W 11TH ST501 W 11th St, Antioch , CA, 94509




Price/SF: $461.54


Year Built: 1938

14

128 E 7TH ST128 E 7th St, Antioch, CA, 94509

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523 W 6TH ST

RENT COMPARABLES MAP

523 W 6TH ST(SUBJECT)

Lakeshore Apartments

Mira Vista Hills

Almond Knolls

Diamond Hillside

Baywoods Apartments

1500 Sycamore Dr

4

7

8

9

11

20

12

14

15

16

17

13

18

10

4

1

2

3

5

6

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PROPERTY NAME523 W 6TH ST

RENT COMPARABLES

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AVERAGE RENT - MULTIFAMILY

Avg. $2,168

$0

$300

$600

$900

$1,200

$1,500

$1,800

$2,100

$2,400

$2,700

$3,000

523W 6th St

LakeshoreApartments

Mira VistaHills

AlmondKnolls

DiamondHillside

BaywoodsApartments

1500Sycamore Dr

2 Bedroom

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

RENT COMPARABLES

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YEAR BUILT: 1987

rentpropertyname1rentpropertyaddress1

Unit Type Units SF Rent Rent/SF

Two Bdr 3 984 $1,828 $1.86

Total/Avg. 3 984 $1,828 $1.86

523 W 6TH ST523 W 6th St, Antioch, CA, 94509

OCCUPANCY: 94% | YEAR BUILT: 1989

1

NOTES

Unit amenities include balcony,dishwasher, disposal, and heating. Site amenities include clubhouse, laundry facilities, playground, pool, spa, and storage units.


2 Bdr 2 Bath 212 940 $2,030 $2.16

Total/Avg. 212 940 $2,030 $2.16

LAKESHORE APARTMENTS600 Wilbur Ave, Antioch, CA, 94509

2

OCCUPANCY: 94% | YEAR BUILT: 1986

NOTES

Unit amenities include air conditioning, balcony, storage space, walk-in closets, washer/dryer, and window coverings.. Site amenities include clubhouse, controlled access, courtesy patrol, fitness center, gated, laundry facilities, maintenance on site, package service, picnic area, pool, property manager on site, sauna, and spa.


2 Bdr 1 Bath 64 885 $2,604 $2.94

Total/Avg. 64 885 $2,604 $2.94

MIRA VISTA HILLS2201 San Jose Dr, Antioch, CA, 94509

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

RENT COMPARABLES

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YEAR BUILT: 2019

3


2 Bdr 2 Bath 58 985 $2,340 $2.38

Total/Avg. 58 985 $2,340 $2.38

NOTES

Unit amenities include storage space, views, walk in closet, window coverage, heating, and air conditioning. Site amenities include gated, grill, picnic area, balcony, patio, package service, controlled access, property manager on site, bike storage, and video patrol.

ALMOND KNOLLS10 Worrell Rd, Antioch, CA, 9450

YEAR BUILT: 1985

4

NOTES

Unit amenities include air conditioning, ceiling fans, views, and washer/dryer hookup. Site Amenities include controlled access, courtyard, fitness center, gated, laundry service, maintenance on site, package service, playground, pool, and tennis court.


2 Bdr 2 Bath 146 986 $1,986 $2.01

Total/Avg. 146 986 $1,986 $2.01

DIAMOND HILLSIDE2205 E Leland Rd, Pittsburg, CA, 94565

5

YEAR BUILT: 1985

NOTES

Unit amenities include air conditioning, balcony, dishwasher, disposal, storage space, and vaulted ceiling. Site amenities include fitness center, gated, laundry facilities, property manager on site, and spa.


2 Bdr 2 Bath 75 791 $1,895 $2.40

Total/Avg. 75 791 $1,895 $2.40

BAYWOODS APARTMENTS2005 San Jose Dr, Antioch, CA, 94509

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

RENT COMPARABLES

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YEAR BUILT: 1977

6


2 Bdr 1 Bath 4 910 $2,150 $2.36

Total/Avg. 4 910 $2,150 $2.36

NOTES

Unit amenities include storage space. Site amenities include laundry facilities.

1500 SYCAMORE DR1500 Sycamore Dr, Antioch, CA, 94509

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

DEMOGRAPHICS

Source: © 2018 Experian

Created on October 2019

POPULATION 1 Miles 3 Miles 5 Miles

2023 Projection

Total Population 15,070 72,158 175,713

2018 Estimate


2010 Census


2000 Census


Daytime Population

2018 Estimate 19,441 56,013 123,802

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

2023 Projection

Total Households 5,243 24,539 57,015

2018 Estimate


Average (Mean) Household Size 2.82 2.93 3.09

2010 Census


2000 Census


Growth 2015-2020 1.04% 2.16% 6.16%

HOUSING UNITS 1 Miles 3 Miles 5 Miles

Occupied Units

2023 Projection 5,243 24,539 57,015

2018 Estimate 5,456 24,589 54,965

Owner Occupied 1,678 13,052 31,278

Renter Occupied 3,511 10,967 22,430

Vacant 267 571 1,257

Persons In Units

2018 Estimate Total Occupied Units 5,189 24,019 53,708

1 Person Units 25.84% 21.85% 19.62%

2 Person Units 27.25% 28.28% 26.28%

3 Person Units 17.11% 17.59% 17.86%

4 Person Units 13.76% 15.27% 16.68%

5 Person Units 8.23% 8.95% 10.05%

6+ Person Units 7.82% 8.06% 9.51%

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

2018 Estimate

$200,000 or More 3.75% 4.63% 5.88%

$150,000 - $199,000 1.83% 5.39% 7.25%

$100,000 - $149,000 6.79% 15.52% 19.23%

$75,000 - $99,999 11.91% 13.92% 14.51%

$50,000 - $74,999 18.82% 18.64% 17.36%

$35,000 - $49,999 14.42% 11.73% 10.10%

$25,000 - $34,999 14.46% 9.39% 7.95%

$15,000 - $24,999 12.72% 9.45% 8.17%

Under $15,000 15.31% 11.34% 9.54%

Average Household Income $63,216 $81,358 $92,599

Median Household Income $42,679 $60,012 $70,129

Per Capita Income $21,891 $27,218 $29,537

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population By Age

2018 Estimate Total Population 15,206 72,153 168,916

Under 20 29.40% 27.01% 28.18%

20 to 34 Years 26.38% 22.90% 22.52%

35 to 39 Years 7.19% 6.54% 6.66%

40 to 49 Years 12.27% 12.54% 13.25%

50 to 64 Years 15.66% 18.90% 18.66%

Age 65+ 9.10% 12.11% 10.73%

Median Age 31.66 35.07 34.50

Population 25+ by Education Level

2018 Estimate Population Age 25+ 9,550 47,269 108,504

Elementary (0-8) 8.94% 5.97% 5.94%

Some High School (9-11) 11.51% 8.10% 7.62%

High School Graduate (12) 38.79% 30.77% 27.76%

Some College (13-15) 25.24% 29.33% 29.55%

Associate Degree Only 4.92% 7.62% 8.62%

Bachelors Degree Only 5.17% 11.81% 13.82%

Graduate Degree 3.66% 4.63% 4.86%

Population by Gender

2018 Estimate Total Population 15,206 72,153 168,916

Male Population 49.11% 48.69% 48.55%

Female Population 50.89% 51.31% 51.45%

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Income

In 2018, the median household income for your selected geography is$42,679, compare this to the US average which is currently $58,754.The median household income for your area has changed by 25.11%since 2000. It is estimated that the median household income in yourarea will be $45,226 five years from now, which represents a changeof 5.97% from the current year.

The current year per capita income in your area is $21,891, comparethis to the US average, which is $32,356. The current year averagehousehold income in your area is $63,216, compare this to the USaverage which is $84,609.

Population

In 2018, the population in your selected geography is 15,206. Thepopulation has changed by 7.36% since 2000. It is estimated that thepopulation in your area will be 15,070.00 five years from now, whichrepresents a change of -0.89% from the current year. The currentpopulation is 49.11% male and 50.89% female. The median age ofthe population in your area is 31.66, compare this to the US averagewhich is 37.95. The population density in your area is 4,835.11 peopleper square mile.

Households

There are currently 5,189 households in your selected geography. Thenumber of households has changed by 4.72% since 2000. It isestimated that the number of households in your area will be 5,243five years from now, which represents a change of 1.04% from thecurrent year. The average household size in your area is 2.82 persons.

Employment

In 2018, there are 4,928 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that49.24% of employees are employed in white-collar occupations inthis geography, and 50.65% are employed in blue-collar occupations.In 2018, unemployment in this area is 5.85%. In 2000, the averagetime traveled to work was 37.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:50.61% White, 13.91% Black, 0.99% Native American and 2.94%Asian/Pacific Islander. Compare these to US averages which are:70.20% White, 12.89% Black, 0.19% Native American and 5.59%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.

People of Hispanic origin make up 47.66% of the current yearpopulation in your selected area. Compare this to the US average of18.01%.

PROPERTY NAME

MARKETING TEAM

523 W 6TH ST

Housing

The median housing value in your area was $213,364 in 2018,compare this to the US average of $201,842. In 2000, there were2,028 owner occupied housing units in your area and there were2,927 renter occupied housing units in your area. The median rent atthe time was $644.

Source: © 2018 Experian

DEMOGRAPHICS

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523 W 6TH ST

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Documents

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