PANORAMA CITY, CA
14715 Blythe Street
OFFERING MEMORANDUM
CONFIDENTIALITY AND DISCLAIMER
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.
PANORAMA CITY, CA
14715 Blythe Street
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.
NON-ENDORSEMENT NOTICE
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 RECENT SALES
Section 4 RENT COMPARABLES
Section 5 DEMOGRAPHIC ANALYSIS
Section 6 MARCUS & MILLICHAP ADVANTAGE
TABLE OF CONTENTS
14715 Blythe Street
14715 Blythe StreetPANORAMA CITY, CA
PRICING AND FINANCIAL ANALYSIS
Price $575,000
Down Payment 100% / $575,000
Price/Unit $143,750
Price/SF $193.60
Number of Units 4
Rentable Square Feet 2,970
Number of Buildings 1
Number of Stories 2
Year Built 1953
Lot Size 7500
Vital Data
CAP Rate - Current 5.01%
GRM - Current 12.09
Net Operating Income - Current $28,831
Total Return - Current 5.0% / $28,831
CAP Rate - Pro Forma 7.91%
GRM - Pro Forma 8.87
Net Operating Income - Pro Forma $45,486
Total Return - Pro Forma 7.9% / $45,486
Unit Mix
No. of
Units
Unit
Type
Approx.
Square Feet
4 2 Bdr 1 Bath 725
4 Total 2,970
Major Employers
Company Local
Employees
Kaiser Permanente 3,875
Sizzler 3,186
Fire Dept-Station 98 3,000
Los Angeles Unified School Dst 1,942
V P H 1,600
Providence Holy Cross Med Ctr 1,360
Providence Health System 1,200
Penny Lane Centers 1,123
Water & Power Dept 999
City of Los Angeles 986
Target 917
Verizon 906
Demographics
1
PRICING AND FINANCIAL ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
1-Mile 3-Miles 5-Miles
2014 Total
Population
48,940 336,356 762,663
2019 Total
Population
50,017 341,355 775,235
2014 Total
Households
13,395 97,849 241,499
2019 Total
Households
13,692 99,629 246,394
Median HH Income $36,157 $41,868 $48,048
Per Capita Income
(based on Total
Population)
$14,039 $17,892 $22,872
Average (Mean) HH
Income
$50,865 $60,976 $71,800
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
OFFERING SUMMARY
2B1B: 100%
No. of
Units
Unit
Type
Approx.
Square Feet
Current
Rents
Rent/
SF
Monthly
Income
Pro Forma
Rents
Rent/
SF
Monthly
Income
4 2 Bdr 1 Bath 725 $782 - $1,200 $1.37 $3,964 $1,350 $1.81 $5,400
4 TOTAL 2,970 $3,964 $5,400
Unit Mix Unit Rent & Rent/SF
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
2B1B
2
PRICING AND FINANCIAL ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
UNIT MIX
Unit
Number
Unit
Type
Unit
SF
Current
Rent
Rent/
SF
Asking
Rent
Rent/
SF
Parking
1 2 Bdr 1 Bath 725 $1,200 $1.66 $1,350 $1.86 carport
2 2 Bdr 1 Bath 725 $1,200 $1.66 $1,350 $1.86 carport
3 2 Bdr 1 Bath 725 $782 $1.08 $1,350 $1.86 carport
4 2 Bdr 1 Bath 725 $782 $1.08 $1,350 $1.86 carport
TOTAL VACANT $0 $0
4 TOTAL OCCUPIED 2,900 $3,964 $5,400
4 TOTAL 2,900 $3,964 $5,400
3
PRICING AND FINANCIAL ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
RENT ROLL
Income Current Per Unit Pro Forma Per Unit
GROSS POTENTIAL INCOME $47,568 $11,892 $64,800 $16,200
Vacancy/Collection Allowance (GPR) 3.0% / $1,427 $357 3.0% / $1,944 $486
EFFECTIVE GROSS INCOME $46,141 $11,535 $62,856 $15,714
Expenses
Real Estate Taxes (1.2180%) $7,004 $1,751 $7,004 $1,751
Insurance $1,056 $264 $1,056 $264
Utilities $3,600 $900 $3,600 $900
Repairs & Maintenance $2,300 $575 $2,300 $575
Reserves & Replacements $1,250 $313 $1,250 $313
Trash $1,200 $300 $1,200 $300
Pest $300 $75 $360 $90
Gardener $600 $150 $600 $150
TOTAL EXPENSES $17,310 $4,328 $17,370 $4,343
Expenses per SF $5.83 $5.85
% of EGI 37.5% 27.6%
NET OPERATING INCOME $28,831 $7,208 $45,486 $11,372
Total Number of Units: 4
Total Rentable Area: 2,970 SF
4
PRICING AND FINANCIAL ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
INCOME & EXPENSES
No. of
Units
Unit
Type
Approx.
Square
Feet
Current
Rents
Rent/
SF
Monthly
Income
Pro
Forma
Rents
Rent/
SF
Monthly
Income
4 2 Bdr 1 Bath 725 $782 - $1,200 $1.37 $3,964 $1,350 $1.81 $5,400
4 Total/Wtd. Avg. 2,970 $3,964 $5,400
Annualized Operating Data
Income Current Pro Forma
Gross Potential Rent $47,568 $64,800
Gross Potential Income $47,568 $64,800
Less: Vacancy/Deductions (GPR) 3.0% / $1,427 3.0% / $1,944
Effective Gross Income $46,141 $62,856
Less: Expenses $17,310 $17,370
Net Operating Income $28,831 $45,486
Net Cash Flow Before Debt Service $28,831 $45,486
14715 Blythe Street
Panorama City, CA 91402
Price $575,000
Down Payment 100% / $575,000
Number of Units 4
Price/Unit $143,750
Rentable Square Feet 2,970
Price/SF $193.60
CAP Rate - Current 5.01%
CAP Rate- Pro Forma 7.91%
GRM - Current 12.09
GRM- Pro Forma 8.87
Year Built 1953
Lot Size 7500
Type of Ownership Fee Simple
Location
Expenses
Real Estate Taxes $7,004 $7,004
Insurance $1,056 $1,056
Utilities $3,600 $3,600
Repairs & Maintenance $2,300 $2,300
Reserves & Replacements $1,250 $1,250
Trash $1,200 $1,200
Pest $300 $360
Gardener $600 $600
Total Expenses $17,310 $17,370
Expenses/unit $4,328 $4,343
Expenses/SF $5.83 $5.85
% of EGI 37.52% 27.63%
Scheduled Income
5
PRICING AND FINANCIAL ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
FINANCIAL OVERVIEW
14715 Blythe StreetPANORAMA CITY, CA
PROPERTY DESCRIPTION
14715 Blythe is a multi-family investment opportunity. Great opportunity for a first time buyer and is approved for residential financing.
This property consists of four-units that sit adjacent to another four-unit property and share a driveway but each possess their own APN. This property is zoned R3 and combined 18 units can be built on this land.
Both properties were built in 1953 and each are two-bedroom/one-bath units.
They can be purchased together or seperately.
These buildings are located in Panorama City, California.
Walking distance to Blythe Street Park and Turningpoint Christian Church. Near by schools are Panorama High, Cal Burke High School, and Valley Region Elementary School.
Near by resturants include La Sirenita Mexican Resturant, Western Bagel, Fatburger, Carnitas Michoacan, and El Taco Llama.
Investment Highlights
■ Over 10 Percent Upside in Rents
■ Value Added
■ Gated Entry
■ Newer Roof
■ Copper Plumbing
■ Carports
7
PROPERTY DESCRIPTION
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
INVESTMENT OVERVIEW
The Offering
Property Address 14715 Blythe Street
Panorama City, CA 91402
Assessor's Parcel Number 2210-020-018
Zoning LAR3
Site Description
Number of Units 4
Number of Buildings 1
Number of Stories 2
Year Built 1953
Rentable Square Feet 2,970
Lot Size 7500
Type of Ownership Fee Simple
Parking Yes
Landscaping Minimal
Topography Flat
Utilities
Water Owner
Phone Tenant
Electric Tenant
Gas Tenant
Construction
Foundation Raised
Framing Wood
Exterior Stucco
Parking Surface Pavement
Roof Pitched
Mechanical
HVAC Air Conditioners/Wall Heating
Wiring Copper
Fire Protection Smoke Detectors
8
PROPERTY DESCRIPTION
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
PROPERTY SUMMARY
Local Map Regional Map
9
PROPERTY DESCRIPTION
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
AREA MAPS
10
PROPERTY DESCRIPTION
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
AERIAL PHOTO
11
PROPERTY DESCRIPTION
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
SITE PLAN
14715 Blythe StreetPANORAMA CITY, CA
RECENT SALES
Average Price per Square Foot
Average Price per Unit
0.00
30.00
60.00
90.00
120.00
150.00
180.00
210.00
240.00
Subject 7911
Willis
Avenue
14257
Roscoe
Boulevard
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
Subject 7911
Willis
Avenue
14257
Roscoe
Boulevard
13
RECENT SALES
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
PRICE PER SF AND PRICE PER UNIT
1)
2)
14715 Blythe Street
7911 Willis Avenue
14257 Roscoe Boulevard
14
RECENT SALES
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
RECENT SALES MAP
No. of Units: 4 Units Unit Type
Year Built: 1951 4 2 Bdr 1 Bath
Sale Price: $829,000
Price/Unit: $207,250
Price/SF: $258.09
7911 Willis Avenue
Panorama City, CA 91402
No. of Units: 5 Units Unit Type
Year Built: 1960 4 1 Bdr 1 Bath
Sale Price: $727,500 1 2 Bdr 1 Bath
Price/Unit: $145,500
Price/SF: $215.87Close of Escrow: 6/9/15
Close of Escrow: 1/27/15
14715 Blythe Street
Panorama City, CA 91402
No. of Units: 4 Units Unit Type
Year Built: 1953 4 2 Bdr 1 Bath
Sale Price: $575,000
Price/Unit: $143,750
Price/SF: $193.60
CAP Rate: 5.01%
GRM: 12.09
Subject Property
1
214257 Roscoe Boulevard
Panorama City, CA 91402
15
RECENT SALES
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
RECENT SALES
Close of Escrow:
No. of Units: Units Unit Type
Year Built:
Sale Price:
Price/Unit:
Price/SF:
CAP Rate:
GRM:
Comments
No. of Units: Units Unit Type
Year Built:
Sale Price:
Price/Unit:
Price/SF:
CAP Rate:
Comments
No. of Units: Units Unit Type
Year Built:
Sale Price:
Price/Unit:
Price/SF:
CAP Rate:
GRM:
Comments
Close of Escrow:
Close of Escrow:
3
4
5
16
RECENT SALES
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
RECENT SALES
14715 Blythe StreetPANORAMA CITY, CA
RENT COMPARABLES
0
200
400
600
800
1,000
1,200
1,400
Subject 7911Willis
Avenue
14102Roscoe
Boulevard
8605-8609CedrosAvenue
8734TobiasAvenue
Average Rents - 2 Bedrooms
18
RENT COMPARABLES
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
AVERAGE RENTS
1)
2)
3)
4)
14715 Blythe Street
7911 Willis Avenue
14102 Roscoe Boulevard
8605-8609 Cedros Avenue
8734 Tobias Avenue
19
RENT COMPARABLES
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
RENT COMPARABLES MAP
Subject Property
1
No. of Units 4
Year Built: 1953
14715 Blythe Street
Panorama City, CA 91402
Year Built: 1960
Year Built: 1951
7911 Willis Avenue
Panorama City, CA 91402
14102 Roscoe Boulevard
Panorama City, CA 91402
Unit Type SF Rent Rent/SF
2 Bdr 1 Bath 674 $1,250 $1.85
Total/Wtd. Avg. $1,250
Unit Type SF Rent Rent/SF
2 Bdr 1 Bath 850 $1,152 $1.36
Total/Wtd. Avg. $1,152
2
20
RENT COMPARABLES
14715 Blythe StreetPANORAMA CITY, CA
Unit Type Units SF Rent Rent/SF
2 Bdr 1 Bath 4 725 $782 - $1,200 $1.37
Total/Avg. 4 2,970 $991 $1.33
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
RENT COMPARABLES
Year Built/Renovated: 1976
8605-8609 Cedros Avenue
Panorama City, CA 91402
Year Built/Renovated: 1963
8734 Tobias Avenue
Panorama City, CA 91402
Unit Type SF Rent Rent/SF
2 Bdr 1 Bath 712 $1,350 $1.90
Total/Wtd. Avg. $1,350 $1.90
Unit Type SF Rent Rent/SF
2 Bdr 1 Bath 904 $1,250 $1.38
Total/Wtd. Avg. $1,250
5
4
21
RENT COMPARABLES
3
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
RENT COMPARABLES
14715 Blythe StreetPANORAMA CITY, CA
DEMOGRAPHIC ANALYSIS
1 Mile 3 Miles 5 Miles
2000 Population 50,912 318,147 715,439
2010 Population 47,726 328,492 743,082
2014 Population 48,940 336,356 762,663
2019 Population 50,017 341,355 775,235
2000 Households 14,073 93,063 228,201
2010 Households 12,946 94,555 232,595
2014 Households 13,395 97,849 241,499
2019 Households 13,692 99,629 246,394
2014 Average Household Size 3.62 3.39 3.10
2014 Daytime Population 14,012 95,957 238,825
2000 Owner Occupied Housing Units 27.70% 38.63% 43.11%
2000 Renter Occupied Housing Units 69.56% 58.29% 53.61%
2000 Vacant 2.74% 3.08% 3.28%
2014 Owner Occupied Housing Units 26.22% 38.35% 42.48%
2014 Renter Occupied Housing Units 73.78% 61.65% 57.52%
2014 Vacant 3.14% 2.42% 2.11%
2019 Owner Occupied Housing Units 25.80% 38.27% 42.32%
2019 Renter Occupied Housing Units 74.20% 61.73% 57.68%
2019 Vacant 3.22% 2.40% 2.06%
$ 0 - $14,999 16.7% 14.8% 12.9%
$ 15,000 - $24,999 16.6% 14.4% 12.4%
$ 25,000 - $34,999 15.2% 13.0% 11.6%
$ 35,000 - $49,999 16.2% 15.4% 14.8%
$ 50,000 - $74,999 16.2% 16.9% 17.6%
$ 75,000 - $99,999 9.3% 10.5% 11.2%
$100,000 - $124,999 5.0% 6.2% 7.5%
$125,000 - $149,999 1.6% 3.3% 4.0%
$150,000 - $199,999 1.6% 2.9% 4.0%
$200,000 - $249,999 0.5% 1.0% 1.5%
$250,000 + 1.1% 1.6% 2.6%
2014 Median Household Income $36,157 $41,868 $48,048
2014 Per Capita Income $14,039 $17,892 $22,872
2014 Average Household Income $50,865 $60,976 $71,800
Demographic data © 2012 by Experian.
23
DEMOGRAPHIC ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
DEMOGRAPHIC REPORT
Geography: 5 miles
Population
In 2014, the population in your selected geography is 762,662. The population has changed by 6.60% since 2000. It is estimated
that the population in your area will be 775,234 five years from now, which represents a change of 1.64% from the current year. The
current population is 49.89% male and 50.10% female. The median age of the population in your area is 33.8, compare this to the
Entire US average which is 37.3. The population density in your area is 9,708.72 people per square mile.
Households
There are currently 241,499 households in your selected geography. The number of households has changed by 5.82% since 2000.
It is estimated that the number of households in your area will be 246,393 five years from now, which represents a change of 2.02%
from the current year. The average household size in your area is 3.10 persons.
Income
In 2014, the median household income for your selected geography is $48,047, compare this to the Entire US average which is
currently $51,972. The median household income for your area has changed by 22.38% since 2000. It is estimated that the median
household income in your area will be $57,193 five years from now, which represents a change of 19.03% from the current year.
The current year per capita income in your area is $22,872, compare this to the Entire US average, which is $28,599. The current
year average household income in your area is $71,800, 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: 53.76% White, 4.14% Black, 0.13% Native American and 9.27%
Asian/Pacific Islander. 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 57.66% of the current year
population in your selected area. Compare this to the Entire US average of 17.13%.
Housing
In 2000, there were 101,720 owner occupied housing units in your area and there were 126,480 renter occupied housing units in
your area. The median rent at the time was $627.
Employment
In 2014, there are 238,825 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 57.48% of employees are employed in white-collar occupations in this geography, and 42.40% are employed in blue-collar
occupations. In 2014, unemployment in this area is 10.20%. In 2000, the average time traveled to work was 32.2 minutes.
Demographic data © 2012 by Experian.
24
DEMOGRAPHIC ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
SUMMARY REPORT
Number of people living in a given area per square mile.
Demographic data © 2012 by Experian.
25
DEMOGRAPHIC ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
POPULATION DENSITY
The number of people employed in a given area per square mile.
Demographic data © 2012 by Experian.
26
DEMOGRAPHIC ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
EMPLOYMENT DENSITY
Average income of all the people 15 years and older occupying a
single housing unit.
Demographic data © 2012 by Experian.
27
DEMOGRAPHIC ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
AVERAGE HOUSEHOLD INCOME
Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
28
DEMOGRAPHIC ANALYSIS
14715 Blythe StreetPANORAMA CITY, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
* Traffic Count Estimate
TRAFFIC COUNTS
14715 Blythe StreetPANORAMA CITY, CA
MARCUS & MILLICHAP ADVANTAGE
Capital Markets Experts
Our national team of experienced professionals provides financing for a full suite of investment property types inevery market. Whether sourcing national, regional or local capital, our specialists are highly skilled at structuring afull range of customized solutions to meet owner and investor needs.
MMCC has financing options available for the property being marketed. Loan terms are subject to the qualifications of the sponsor and are time sensitive.
Dedicated to Providing the Best Debt and Equity Solutions
Marcus & Millichap Capital Corporation’s (MMCC) focus is to provide debt and equity solutions for commercialreal estate property investors. In 2013, MMCC arranged $2.7 billion in financing for a wide range of investmentproperties nationwide.
Additional Closings of Interest
A Selection of National Multifamily Financing Engagements
Garden Apartment
Passaic, NJ
$5,000,000
Bank
Garden Apartment
Bothell, WA
$10,500,000
Life Insurance Co.
Garden Apartment
Riverside, CA
$26,000,000
Commercial Bank
For more information, contact:
Beaverton, OR $3,733,000 Agency Refinance
Everett, WA $8,680,000 Commercial Bank Refinance
Mesa, AZ $2,567,500 Commercial Bank Refinance
San Diego, CA $1,320,000 Credit Union Acquisition
30
Mid-Rise Apartment
Hendersonville, TN
$7,000,000
Agency
MARCUS & MILLICHAP ADVANTAGE
14715 Blythe StreetPANORAMA CITY, CA
Eric AbergelAssociateEncino(818) [email protected]: CA 01908134
Sharone SabarVice President Capital MarketsEncino(818) [email protected]: CA 01707625
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 W0120811 Marcus &Millichap. All rights reserved.
Danny AbergelVice President Capital MarketsEncino(818) [email protected]: CA 01797904
OUR ADVANTAGE
PANORAMA CITY, CA
OFFERING MEMORANDUM
14715 Blythe Street
Offices Throughout the U.S. and Canada
www.MarcusMillichap.com