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2615 Cullen Mkt Pkg

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Listed -10 Unit Apartment Building - Los Angeles CA

Listed -10 Unit Apartment Building - Los Angeles CA

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  • 1. 2615 Cullen Street Los Angeles, CA 90034 Apartment Prepared for: Holbrook Investments, LLC Presented by: Scott Rosenberg Investment Associate 23740 Hawthorne Boulevard Torrance, CA 90505 tel. (310) 802-2550 fax (310) 802-2560 May 21, 2008
  • 2. 2615 Cullen Street, Los Angeles, CA 90034 Table of Contents 1. Subject Property Profile Aerial Photo Parcel Map 2. Operating Information Income & Expense Analysis Pricing Analysis and Opinion of Value 3. Rent Roll 4. Sales Comparables Individual Comparable Property Profiles Summary of Comparable Sales Sales Comparables Map 5. Area Information Demographics 6. Marketing Strategy Marketing Plan and Timeline Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 3. 2615 Cullen Street, Los Angeles, CA 90034 Property Profile Property Address: 2615 Cullen Street Los Angeles, CA 90034 Assessor Parcel #: 5065-006-019 Units: 10 Year Built: 1959 Building Size: 6,227 Lot Size: 7,231 Zoning: LAR3 Construction: Wood Frame Roof Type: pitched Parking: 8 (2 garage/6 carport) Amenities Unit Amenities Refrigerator Disposal Central A/C Cable Ready/DSL Dishwasher Washer/Dryer Wall A/C Furnished Fireplace Stove Balcony/Patio Utilities Paid Common Area Amenities Pool Secured Parking BBQ Area Elevator Spa Secured Entry Playground Sundeck Clubhouse Fitness Center Laundry Room Sauna Investment Highlights ● Desirable and unique location - quot;Culver Arts Districtquot; ● Alley acces with covered parking ● Excellent unit mix ● True upside potential Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 4. 2615 Cullen Street, Los Angeles, CA 90034 Aerial Map Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 5. 2615 Cullen Street, Los Angeles, CA 90034 Parcel Map Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 6. 2615 Cullen Street, Los Angeles, CA 90034 Investment Characteristics Subject Photo Unit Mix & Rent Schedule # of Monthly Market Monthly Units Type Income Avg. Rents Rent Income Current Rent 2 Single $ 630 - 928 $ 1,558 $ 779 $ 950 $ 1,900 4 1+1 $ 648 - 1,200 $ 3,816 $ 954 $1,250 $ 5,000 4 2+1 $ 1,106 - 1,419 $ 5,009 $ 1,252 $1,450 $ 5,800 Garage $ 250 $ 1,000 10 $ 10,633 $ 1,038 $ 13,700 Pricing Summary Income & Expenses Price: $ 1,400,000 Current Proforma Down: $ 330,919 Annualized Annualized Loan Amount: $ 1,069,081 Scheduled Gross Income $ 127,596 $ 164,400 Laundry Income $ 1,800 $ 1,800 Price / Unit: $ 140,000 Price/ Sq Foot $ 224.83 Total Scheduled Gross Income $ 129,396 $ 166,200 Price/ Sq Ft Land $ 193.61 Vacancy Rate 3% $ 3,828 $ 4,932 GRM: 10.82 Cap Rate: 5.96% Effective Operating Income $ 125,568 $ 161,268 Cap Rate(Proforma): 8.51% Property Profile Expenses % SGI Property Taxes No. of Units: 10 $ 16,800 13.0% $ 16,800 New Insurance Quote Year Built: 1959 $ 3,500 2.7% $ 3,500 Utilities Square Footage: 6,227 $ 5,750 4.4% $ 5,750 Rubbish Lot Size: 7,231 $ 1,200 0.9% $ 1,200 Off Site Management Fees Construction Type: Wood Frame $ 6,470 5.0% $ 6,470 On Site Management Zoning: LAR3 $ - 0.0% $ - Repairs & Maintenance Roof Type: pitched $ 5,000 3.9% $ 5,000 Landscaping Parking: 8 (2 garage/6 carport) $ 960 0.7% $ 960 Reserves for Replacement Type: Apartment Complex $ 2,500 1.9% $ 2,500 Parcel No.: 5065-006-019 Total Expenses $ 42,180 32.6% $ 42,180 Per Unit $ 4,218 $ 4,218 Broker Contact Per Foot $ 6.77 $ 6.77 Scott Rosenberg Net Operating Income $ 83,388 $ 119,088 310-802-2550 Direct Line: Less: Debt Service $ 69,490 $ 69,490 310-802-2560 Direct Fax: srosenberg@remaxcir.com email: Pre-Tax Cash Flow $ 13,898 $ 49,598 NOTES: Figures are estimates only and based on industry standards. These numbers should be adequate considering the recent renovations and upgrades to the property. Property taxes are based on a reassessment at the current tax rate. 23740 Hawthorne Boulevard, Torrance, CA 90505 tel. (310) 802-2550 fax (310) 802-2560 ReMax Commercial Realty and Agent makes no warranty or representation about the content of this brochure. It is your responsibility to indendependtly confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for
  • 7. 2615 Cullen Street, Los Angeles, CA 90034 Rent Roll Current Pro Forma Unit # Unit Type Rent Increase Rent 1 1+1 $984 4% Oct $1,250 2 2+1 $1,248 3% April $1,450 3 2+1 $1,236 4% Oct $1,450 4 Single $928 3% May $950 5 1+1 $648 3% May $1,250 6 2+1 $1,106 3% March $1,450 7 2+1 $1,419 4% Nov $1,450 8 Single $630 3% April $950 9 1+1 $1,200 4% July $1,250 10 1+1 $984 3% April $1,250 Garage $250 $1,000 $10,633 $13,700 TOTALS: Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 8. 2615 Cullen Street, Los Angeles, CA 90034 Subject Sale Profile Subject $129,396 Income: $3,828 3% Vacancy $42,180 Expenses: $4,218 Expenses/Unit: $6.77 Expenses/Sq.Ft.: $83,388 NOI: $1,069,081 Financing: 2615 Cullen Street 90034 Vital Data Units: 10 GRM: 10.82 Price: $1,400,000 Cap Rate: 5.96% Unit Mix: Down Payment: $330,919 Price Per Unit: $140,000 S 2 Price Per Sq. Ft: $224.83 1+1 4 Year Built: 1959 2+1 4 Construction: Wood Frame 2+1.5 0 Building Sq. Ft.: 6,227 2+2 0 Land Area Sq. Ft.: 7,231 3+1 0 Zoning: LAR3 3+2 0 3+3 0 Comments In comparing the subject property’s indices to that of comparable properties that have recently sold or are currently on the market, the subject property is priced in accordance with current market valuation indices. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 9. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 1 $96,708 Income: $2,901 3% Vacancy $30,946 Expenses: $3,868 Expenses/Unit: $5.51 Expenses/Sq.Ft.: $62,861 NOI: $725,000 Financing: 3110 Livonia Avenue 90034 Vital Data Units: 8 GRM: 12.41 Price: $1,200,000 Cap Rate: 5.24% Down Payment: $475,000 39% Unit Mix: Price Per Unit: $150,000 S 0 Price Per Sq. Ft: $213.75 1+1 6 Year Built: 1958 2+1 2 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,614 2+2 0 Land Area Sq. Ft.: 7,492 3+1 0 Zoning: R3 3+2 0 Close of Escrow: 12-Mar-08 3+3 0 Comments Income and expenses estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 10. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 2 $116,652 Income: $3,482 3% Vacancy $37,974 Expenses: $5,425 Expenses/Unit: $5.88 Expenses/Sq.Ft.: $75,196 NOI: $1,260,000 Financing: 3732 Westwood Boulevard 90034 Vital Data Units: 7 GRM: 12.43 Price: $1,450,000 Cap Rate: 5.19% Down Payment: $614,479 42% Unit Mix: Price Per Unit: $207,143 S 1 Price Per Sq. Ft: $224.63 1+1 0 Year Built: 1965 2+1 0 Construction: Woodframe/Stucco 2+1.5 4 Building Sq. Ft.: 6,455 2+2 0 Land Area Sq. Ft.: 7,928 3+1 0 Zoning: R3 3+2 2 Close of Escrow: In Contract 3+3 0 Comments Income and expenses estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 11. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 3 $151,380 Income: $4,511 3% Vacancy $56,834 Expenses: $4,372 Expenses/Unit: $7.25 Expenses/Sq.Ft.: $90,035 NOI: $1,051,506 Financing: 3910 Beethoven St 90066 Vital Data Units: 13 GRM: 12.22 Price: $1,850,000 Cap Rate: 4.87% Down Payment: $798,494 43% Unit Mix: Price Per Unit: $142,308 S 0 Price Per Sq. Ft: $235.94 1+1 13 Year Built: 1969 2+1 0 Construction: Wood Frame 2+1.5 0 Building Sq. Ft.: 7,841 2+2 0 Land Area Sq. Ft.: 9,213 3+1 0 Zoning: LAR3 3+2 0 Close of Escrow: In Contract 3+3 0 Comments Income and expenses are estimated based on data provided. This transaction is under contract. Final sales price is confidential. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 12. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 4 $98,300 Income: $2,949 3% Vacancy $31,456 Expenses: $3,146 Expenses/Unit: $5.46 Expenses/Sq.Ft.: $63,895 NOI: $768,000 Financing: 4110 Inglewood Blvd 90066 Vital Data Units: 10 GRM: 13.02 Price: $1,280,000 Cap Rate: 4.99% Down Payment: $512,000 40% Unit Mix: Price Per Unit: $128,000 S 0 Price Per Sq. Ft: $221.99 1+1 10 Year Built: 1961 2+1 0 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,766 2+2 0 Land Area Sq. Ft.: 7,623 3+1 0 Zoning: R3-1 3+2 0 Close of Escrow: 19-Feb-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 13. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 5 $89,150 Income: $2,764 3% Vacancy $28,528 Expenses: $4,075 Expenses/Unit: $4.86 Expenses/Sq.Ft.: $57,858 NOI: $743,000 Financing: 3757 Westwood Blvd 90034 Vital Data Units: 7 GRM: 12.90 Price: $1,150,000 Cap Rate: 5.04% Down Payment: $407,000 35% Unit Mix: Price Per Unit: $164,286 S 0 Price Per Sq. Ft: $196.01 1+1 7 Year Built: 1957 2+1 0 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,867 2+2 0 Land Area Sq. Ft.: 7,971 3+1.5 0 Zoning: R4-1 3+2 0 Close of Escrow: 08-May-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 14. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 6 $134,496 Income: $4,034 3% Vacancy $43,038 Expenses: $3,913 Expenses/Unit: $5.72 Expenses/Sq.Ft.: $87,424 NOI: $0 Financing: 10475 National Blvd 90034 Vital Data Units: 11 GRM: 12.93 Price: $1,739,500 Cap Rate: 5.03% Down Payment: $1,739,500 100% Unit Mix: Price Per Unit: $158,136 S 0 Price Per Sq. Ft: $231.07 1+1 10 Year Built: 1957 2+1 1 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 7,528 2+2 0 Land Area Sq. Ft.: 7,362 3+1 0 Zoning: R4 3+2 0 Close of Escrow: 16-May-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 15. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 7 $198,000 Income: $5,940 3% Vacancy $69,300 Expenses: $3,465 Expenses/Unit: $4.69 Expenses/Sq.Ft.: $122,760 NOI: $1,592,500 Financing: 3565 S. Sepulveda blvd 90034 Vital Data Units: 20 GRM: 14.39 Price: $2,850,000 Cap Rate: 4.31% Down Payment: $1,257,500 44% Unit Mix: Price Per Unit: $142,500 S 0 Price Per Sq. Ft: $193.01 1+1 16 Year Built: 1954 2+1 4 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 14,766 2+2 0 Land Area Sq. Ft.: 16,553 3+1 0 Zoning: R3 3+2 0 Close of Escrow: 05-Aug-08 3+3 0 Comments Income and expenses estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 16. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 8 $97,500 Income: $2,925 3% Vacancy $34,125 Expenses: $4,266 Expenses/Unit: $5.70 Expenses/Sq.Ft.: $60,450 NOI: $627,500 Financing: 12757 Mitchell Ave 90066 Vital Data Units: 8 GRM: 12.77 Price: $1,245,000 Cap Rate: 4.86% Down Payment: $617,500 50% Unit Mix: Price Per Unit: $155,625 S 8 Price Per Sq. Ft: $208.05 1+1 0 Year Built: 1957 2+1 0 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,984 2+2 0 Land Area Sq. Ft.: 7,100 3+1 0 Zoning: R3-1 3+2 0 Close of Escrow: 26-Aug-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 17. 2615 Cullen Street, Los Angeles, CA 90034 Summary of Comparable Sales Comp # Address Zip Code Units Age Sale Price $/Unit $/Foot GRM Cap Rate COE 1 3110 Livonia Avenue 90034 8 1958 $ 1,200,000 $ 150,000 $ 213.75 12.41 5.24% 12-Mar-08 2 3732 Westwood Boulevard 90034 7 1965 $ 1,450,000 $ 207,143 $ 224.63 12.43 5.19% In Contract 3 3910 Beethoven St 90066 13 1969 $ 1,850,000 $ 142,308 $ 235.94 12.22 4.87% In Contract 4 4110 Inglewood Blvd 90066 10 1961 $ 1,280,000 $ 128,000 $ 221.99 13.02 4.99% 19-Feb-08 5 3757 Westwood Blvd 90034 7 1957 $ 1,150,000 $ 164,286 $ 196.01 12.90 5.04% 8-May-08 6 10475 National Blvd 90034 11 1957 $ 1,739,500 $ 158,136 $ 231.07 12.93 5.03% 16-May-08 7 3565 S. Sepulveda blvd 90034 20 1954 $ 2,850,000 $142,500 $ 193.01 14.39 4.31% 5-Aug-08 8 12757 Mitchell Ave 90066 8 1957 $ 1,245,000 $155,625 $208.05 12.77 4.86% 26-Aug-08 Average 11 1960 $ 1,595,563 $ 156,000 $ 215.56 12.88 4.94% Subject 2615 Cullen Street 90034 10 1959 $1,400,000 $140,000 $224.83 10.82 5.96% Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 18. 2615 Cullen Street, Los Angeles, CA 90034 Summary of Comparable Sales $/Foot $450.00 .94 . 07 3 $350.00 3 .99 .6 6 .8 .75 5 35 24 .5 31 1 .0 1 24 21 .0 $2 .0 15 13 $2 $2 08 $2 96 $2 93 $2 $2 $2 $1 $1 $250.00 $150.00 $50.00 ge t 6 4 8 5 1 7 3 2 ec ra bj ve Su A $/Unit $500,000 $400,000 3 ,14 07 $300,000 6 $2 136 28 0 0 25 00 08 00 0 00 4, ,6 8, ,50 0 6, 2,3 $16 0, ,0 00 55 $15 $15 42 40 $15 $1 $14 8, $1 $1 $12 $200,000 $100,000 $- ge 1 3 2 7 6 4 8 5 t ec ra bj ve Su A Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 19. 2615 Cullen Street, Los Angeles, CA 90034 Summary of Comparable Sales GRM 20.00 .39 18.00 14 02 90 88 93 77 43 41 13. 12. 22 12. 12. 12. 12. 12. 16.00 12. 2 .8 10 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 ge 3 t 7 2 6 4 8 1 5 ec ra bj ve Su A Cap Rate 10.00% 9.00% 8.00% %6 5.9 % % % % % % % 9 7.00% % 4 4 5.1 3 99 5.2 94 87 86 5.0 5.0 31% 4. 4. 4. 4. 6.00% 4. 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% ge 3 2 5 7 6 1 8 4 t ec ra bj ve Su A Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 20. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparables Map Subject 2615 Cullen Street 90034 1 3110 Livonia Avenue 90034 2 3732 Westwood Boulevard 90034 3 3910 Beethoven St 90066 4 4110 Inglewood Blvd 90066 5 3757 Westwood Blvd 90034 6 10475 National Blvd 90034 7 3565 S. Sepulveda blvd 90034 8 12757 Mitchell Ave 90066 Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 21. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Population Estimated Population (2008) 35,988 331,521 968,665 Census Population (1990) 34,514 303,614 894,472 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. Census Population (2000) 35,260 318,167 930,323 Projected Population (2013) 36,328 338,086 989,499 Forecasted Population (2018) 36,907 349,034 1,022,344 Historical Annual Growth 1990 to 2000 746 0.2 % 14,554 0.5 % 35,850 0.4 % Historical Annual Growth 2000 to 2008 728 0.2 % 13,354 0.5 % 38,342 0.4 % Projected Annual Growth 2008 to 2013 340 0.2 % 6,564 0.4 % 20,835 0.4 % Est. Population Density (2008) 11,488.11 psm 11,777.70 psm 12,393.80 psm Trade Area Size 3.13 sq mi 28.15 sq mi 78.16 sq mi Households Estimated Households (2008) 11,902 138,719 387,411 Census Households (1990) 12,070 133,322 370,554 Census Households (2000) 12,154 138,199 386,424 Projected Households (2013) 11,748 138,503 387,484 Forecasted Households (2018) 11,509 138,558 387,902 Households with Children (2008) 4,681 39.3 % 36,075 26.0 % 101,536 26.2 % Average Household Size 3.02 2.39 2.50 Average Household Income Est. Average Household Income (2008) 61,027 80,709 79,845 Proj. Average Household Income (2013) $70,323 $92,837 $91,463 Average Family Income (2008) $67,980 $98,844 $96,289 Median Household Income Est. Median Household Income (2008) $46,648 $57,149 $56,157 Proj. Median Household Income (2013) $51,562 $63,466 $62,341 Median Family Income (2008) $52,691 $73,498 $72,432 Per Capita Income Est. Per Capita Income (2008) $20,847 $34,397 $32,905 Proj. Per Capita Income (2013) $23,436 $38,678 $36,816 Per Capita Income Est. 5 year change $2,588.68 -11.0 %$4,280.70 -11.1 %$3,910.49 -10.6 % Other Income Est. Disposable Income (2008) $39,556 $47,353 $46,602 Proj. Disposable Income (2013) $43,423 $52,001 $51,189 Disposable Income Est. 5 year change $3,867.19 9.8 %$4,648.23 9.8 %$4,586.55 9.8 % Est. Average Household Net Worth (2008) $414,659 $516,838 $498,685 Daytime Demos Total Number of Businesses (2008) 1,909 24,390 58,230 Total Number of Employees (2008) 21,269 228,378 564,838 Company Headqtrs: Businesses (2008) 7 0.4 % 136 0.6 % 323 0.6 % Company Headqtrs: Employees (2008) 447 2.1 % 12,899 5.6 % 27,901 4.9 % Unemployment Rate (2008) 4.71 % 3.96 % 4.40 % Employee Population Per Business 11.1 to 1 9.4 to 1 9.7 to 1 Residential Population per Business 18.9 to 1 13.6 to 1 16.6 to 1 Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 1 of 5
  • 22. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Race & Ethnicity White (2008) 12,016 33.4 % 148,917 44.9 % 420,839 43.4 % Black or African American (2008) 8,414 23.4 % 71,347 21.5 % 176,662 18.2 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. American Indian & Alaska Native (2008) 129 0.4 % 971 0.3 % 3,097 0.3 % Asian (2008) 2,662 7.4 % 37,425 11.3 % 128,322 13.2 % Hawaiin & Pacific Islander (2008) 153 0.4 % 725 0.2 % 2,014 0.2 % Other Race (2008) 10,276 28.6 % 49,792 15.0 % 176,583 18.2 % Multi Race (2008) 2,338 6.5 % 22,343 6.7 % 61,146 6.3 % Not Hispanic or Latino Population (2008) 18,122 50.4 % 233,794 70.5 % 637,121 65.8 % Hispanic or Latino Population (2008) 17,866 49.6 % 97,727 29.5 % 331,543 34.2 % Not of Hispanic Origin Population (1990) 22,993 66.6 % 247,873 81.6 % 672,626 75.2 % Hispanic Origin Population (1990) 11,521 33.4 % 55,741 18.4 % 221,846 24.8 % Not Hispanic or Latino Population (2000) 19,175 54.4 % 241,601 75.9 % 658,837 70.8 % Hispanic or Latino Population (2000) 16,085 45.6 % 76,566 24.1 % 271,485 29.2 % Not Hispanic or Latino Population (2013) 17,472 48.1 % 228,029 67.4 % 622,331 62.9 % Hispanic or Latino Population (2013) 18,856 51.9 % 110,056 32.6 % 367,169 37.1 % Hist. Hispanic Ann Growth (1990 to 2008) 6,345 3.7 % 41,986 5.0 % 109,697 3.3 % Proj. Hispanic Ann Growth (2008 to 2013) 990 1.1 % 12,329 2.5 % 35,625 2.1 % Age Age 0 to 4 yrs (2008) 2,557 7.1 % 19,762 6.0 % 57,714 6.0 % Age 5 to 9 yrs (2008) 2,640 7.3 % 19,553 5.9 % 57,166 5.9 % Age 10 to 14 yrs (2008) 2,769 7.7 % 20,088 6.1 % 58,215 6.0 % Age 15 to 19 yrs (2008) 2,612 7.3 % 19,710 5.9 % 62,258 6.4 % Age 20 to 24 yrs (2008) 2,766 7.7 % 23,374 7.1 % 76,983 7.9 % Age 25 to 29 yrs (2008) 2,703 7.5 % 26,614 8.0 % 78,446 8.1 % Age 30 to 34 yrs (2008) 2,649 7.4 % 26,287 7.9 % 76,986 7.9 % Age 35 to 39 yrs (2008) 2,812 7.8 % 26,137 7.9 % 76,334 7.9 % Age 40 to 44 yrs (2008) 2,745 7.6 % 25,462 7.7 % 73,770 7.6 % Age 45 to 49 yrs (2008) 2,653 7.4 % 24,603 7.4 % 70,418 7.3 % Age 50 to 54 yrs (2008) 2,331 6.5 % 22,807 6.9 % 64,657 6.7 % Age 55 to 59 yrs (2008) 1,990 5.5 % 19,271 5.8 % 54,438 5.6 % Age 60 to 64 yrs (2008) 1,509 4.2 % 15,060 4.5 % 43,613 4.5 % Population age 65-74 (2008) 1,700 4.7 % 19,852 6.0 % 57,355 5.9 % Population age 75-84 (2008) 1,066 3.0 % 15,022 4.5 % 40,344 4.2 % Population age 85+ (2008) 483 1.3 % 7,918 2.4 % 19,970 2.1 % Median Age (2008) 32.7 yrs 36.2 yrs 35.3 yrs Gender Age Distribution Population Female (2008) 18,557 51.6 % 174,975 52.8 % 497,036 51.3 % Age 0 to 19 yrs (2008) 5,181 27.9 % 39,325 22.5 % 116,109 23.4 % Age 20 to 64 yrs (2008) 11,434 61.6 % 109,904 62.8 % 311,579 62.7 % Age 65 yrs plus (2008) 1,942 10.5 % 25,747 14.7 % 69,348 14.0 % Median Age Females (2008) 34.3 Yrs 37.6 Yrs 36.7 Yrs Population Male (2008) 17,431 48.4 % 156,546 47.2 % 471,629 48.7 % Age 0 to 19 yrs (2008) 5,398 31.0 % 39,788 25.4 % 119,244 25.3 % Age 20 to 64 yrs (2008) 10,725 61.5 % 99,713 63.7 % 304,065 64.5 % Age 65 yrs plus (2008) 1,307 7.5 % 17,046 10.9 % 48,320 10.2 % Median Age Males (2008) 31.2 yrs 34.7 yrs 34.0 yrs Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 2 of 5
  • 23. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Household Income Distribution HH Income $200,000 or More (2008) 392 3.3 % 9,440 6.8 % 26,882 6.9 % HH Income $150,000 to 199,999 (2008) 401 3.4 % 6,626 4.8 % 16,611 4.3 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. HH Income $100,000 to 149,999 (2008) 1,086 9.1 % 15,744 11.3 % 40,599 10.5 % HH Income $75,000 to 99,999(2008) 1,168 9.8 % 14,940 10.8 % 37,639 9.7 % HH Income $50,000 to 74,999(2008) 1,936 16.3 % 24,025 17.3 % 62,463 16.1 % HH Income $35,000 to 49,999(2008) 1,974 16.6 % 19,272 13.9 % 53,945 13.9 % HH Income $25,000 to 34,999(2008) 1,551 13.0 % 14,193 10.2 % 41,344 10.7 % HH Income $15,000 to 24,999(2008) 1,453 12.2 % 13,824 10.0 % 42,732 11.0 % HH Income $0 to 14,999 (2008) 1,941 16.3 % 20,655 14.9 % 65,195 16.8 % HH Income $35000+ (2008) 6,957 58.5 % 90,048 64.9 % 238,139 61.5 % HH Income $75000+ (2008) 3,047 25.6 % 46,750 33.7 % 121,730 31.4 % Housing Total Housing Units (2008) 12,627 147,646 412,684 Housing Units Occupied (2008) 11,902 94.3 % 138,719 94.0 % 387,411 93.9 % Housing Units, Owner Occupied (2008) 4,847 38.4 % 47,329 32.1 % 131,369 31.8 % Housing Units, Renter Occupied (2008) 7,055 55.9 % 91,390 61.9 % 256,042 62.0 % Housing Units, Vacant (2008) 725 5.7 % 8,927 6.0 % 25,274 6.1 % Median Years in Residence (2008) 3 yrs 3 yrs 3 yrs Marital Status Never Married (2008) 10,699 38.2 % 104,865 38.6 % 322,227 40.5 % Now Married (2008) 11,295 40.4 % 102,667 37.8 % 291,145 36.6 % Separated (2008) 2,009 7.2 % 17,250 6.3 % 58,355 7.3 % Widowed (2008) 1,335 4.8 % 17,619 6.5 % 47,445 6.0 % Divorced (2008) 2,640 9.4 % 29,324 10.8 % 76,469 9.6 % Household Type Population Family (2008) 30,546 84.9 % 244,088 73.6 % 702,871 72.6 % Population Non-Family (2008) 5,260 14.6 % 84,336 25.4 % 246,845 25.5 % Population Group Qtrs (2008) 181 0.5 % 3,097 0.9 % 18,948 2.0 % Family Household (2008) 7,803 65.6 % 70,631 50.9 % 197,381 50.9 % Married Couple Family With Kids (2008) 2,623 54.1 % 20,695 43.7 % 59,060 45.0 % Average Family Household Size (2008) 3.91 3.46 3.56 Non-Family Household (2008) 4,099 34.4 % 68,088 49.1 % 190,029 49.1 % Household Size 1 Person Household (2008) 3,236 27.2 % 55,299 39.9 % 151,073 39.0 % 2 Person Households (2008) 2,592 21.8 % 33,632 24.2 % 91,511 23.6 % 3 Person Households (2008) 1,654 13.9 % 16,162 11.7 % 44,873 11.6 % 4 Person Households (2008) 1,986 16.7 % 17,246 12.4 % 49,255 12.7 % 5 Person Households (2008) 1,171 9.8 % 8,700 6.3 % 25,810 6.7 % 6+ Person Households (2008) 1,263 10.6 % 7,680 5.5 % 24,888 6.4 % Household Vehicles Total Vehicles Available (2008) 20,514 242,536 668,507 Household: 0 Vehicles Available (2008) 1,186 5.8 % 13,381 5.5 % 41,221 6.2 % Household: 1 Vehicles Available (2008) 4,560 22.2 % 59,609 24.6 % 166,205 24.9 % Household: 2+ Vehicles Available (2008) 6,157 30.0 % 65,729 27.1 % 179,984 26.9 % Average Vehicles Per Household (2008) 2 2 2 Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 3 of 5
  • 24. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Labor Force Est. Labor: Population Age 16+ (2008) 27,504 267,723 784,160 Est. Civilian Employed (2008) 17,004 61.8 % 169,581 63.3 % 484,889 61.8 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. Est. Civilian Unemployed (2008) 1,294 4.7 % 10,590 4.0 % 34,540 4.4 % Est. In Armed Forces (2008) 16 0.1 % 55 0.0 % 199 0.0 % Est. Not in Labor Force (2008) 9,190 33.4 % 87,497 32.7 % 264,533 33.7 % Occupation (2000) Occupation: Population 16+ 15,036 150,982 429,367 Mgmt, Business, & Financial Operations 1,691 11.2 % 25,206 16.7 % 65,818 15.3 % Professional and Related 2,784 18.5 % 43,163 28.6 % 117,501 27.4 % Service 3,022 20.1 % 20,488 13.6 % 67,726 15.8 % Sales and Office 4,576 30.4 % 44,582 29.5 % 118,671 27.6 % Farming, Fishing, and Forestry 10 0.1 % 60 0.0 % 362 0.1 % Construction, Extraction, & Maintenance 1,289 8.6 % 6,683 4.4 % 21,557 5.0 % Production, Transport, & Material Moving 1,663 11.1 % 10,799 7.2 % 37,731 8.8 % Percent White Collar Workers 60.2 % 74.8 % 70.3 % Percent Blue Collar Workers 39.8 % 25.2 % 29.7 % Consumer Expenditure (in Thousands) Total Household Expenditure (2008) $589,827 $8,306,061 $22,978,885 Total Non-Retail Expenditures (2008) $339 57.5 % $4,780 57.5 % $13,217 57.5 % Total Retail Expenditures (2008) $251 42.5 % $3,526 42.5 % $9,762 42.5 % Apparel (2008) $29 4.9 % $403 4.9 % $1,116 4.9 % Contributions (2008) $21 3.6 % $330 4.0 % $920 4.0 % Education (2008) $14 2.4 % $219 2.6 % $611 2.7 % Entertainment (2008) $33 5.5 % $463 5.6 % $1,280 5.6 % Food And Beverages (2008) $92 15.6 % $1,261 15.2 % $3,491 15.2 % Furnishings And Equipment (2008) $25 4.3 % $365 4.4 % $1,007 4.4 % Gifts (2008) $15 2.6 % $230 2.8 % $639 2.8 % Health Care (2008) $36 6.2 % $495 6.0 % $1,372 6.0 % Household Operations (2008) $21 3.5 % $307 3.7 % $851 3.7 % Miscellaneous Expenses (2008) $10 1.7 % $138 1.7 % $380 1.7 % Personal Care (2008) $9 1.5 % $120 1.4 % $332 1.4 % Personal Insurance (2008) $6 1.0 % $88 1.1 % $246 1.1 % Reading (2008) $2 0.3 % $27 0.3 % $76 0.3 % Shelter (2008) $114 19.3 % $1,612 19.4 % $4,463 19.4 % Tobacco (2008) $4 0.7 % $52 0.6 % $143 0.6 % Transportation (2008) $117 19.9 % $1,621 19.5 % $4,462 19.4 % Utilities (2008) $42 7.2 % $574 6.9 % $1,590 6.9 % Educational Attainment Adult Population (25 Years+)(2008) 22,642 229,034 656,329 Elementary (0 to 8)(2008) 3,221 14.2 % 19,045 8.3 % 68,287 10.4 % Some High School (9 to 11)(2008) 2,348 10.4 % 16,533 7.2 % 51,728 7.9 % High School Graduate (12)(2008) 5,552 24.5 % 47,877 20.9 % 140,042 21.3 % Some College (13 to 16)(2008) 4,159 18.4 % 39,236 17.1 % 108,196 16.5 % Associate Degree Only(2008) 1,467 6.5 % 15,196 6.6 % 42,043 6.4 % Bachelor Degree Only(2008) 3,934 17.4 % 57,542 25.1 % 158,119 24.1 % Graduate Degree(2008) 1,960 8.7 % 33,605 14.7 % 87,915 13.4 % Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 4 of 5
  • 25. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Units In Structure 1 Detached Unit (2000) 5,016 39.6 % 38,655 26.7 % 112,600 27.8 % 1 Attached Unit (2000) 785 6.2 % 7,030 4.9 % 19,493 4.8 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. 2 to 4 Units (2000) 2,480 19.6 % 23,180 16.0 % 53,059 13.1 % 5 to 9 Units (2000) 2,147 17.0 % 23,764 16.4 % 60,078 14.8 % 10 to 19 Units (2000) 1,533 12.1 % 19,874 13.7 % 59,222 14.6 % 20 to 49 Units (2000) 645 5.1 % 17,642 12.2 % 55,938 13.8 % 50 or more Units (2000) 57 0.5 % 14,215 9.8 % 43,464 10.7 % Mobile Home or Trailer (2000) 0 195 646 Other Structure (2000) 0 16 76 Homes Built By Year Homes Built 1999 to 2000 24 0.2 % 495 0.3 % 1,453 0.4 % Homes Built 1995 to 1998 94 0.7 % 1,934 1.3 % 5,349 1.3 % Homes Built 1990 to 1994 187 1.5 % 4,107 2.8 % 13,178 3.3 % Homes Built 1980 to 1989 652 5.1 % 11,870 8.2 % 37,313 9.2 % Homes Built 1970 to 1979 1,086 8.6 % 18,451 12.8 % 56,229 13.9 % Homes Built 1960 to 1969 1,885 14.9 % 20,697 14.3 % 63,244 15.6 % Homes Built 1950 to 1959 2,980 23.5 % 28,078 19.4 % 73,579 18.2 % Homes Built Before 1949 5,755 45.4 % 58,938 40.8 % 154,231 38.1 % Home Values (2000) Home Values $1,000,000+ 14 0.3 % 813 2.5 % 5,819 6.4 % Home Values $500,000-$999,999 131 3.3 % 6,986 21.5 % 15,257 16.8 % Home Values $400,000-$499,999 227 5.8 % 3,940 12.1 % 10,192 11.2 % Home Values $300,000-$399,999 716 18.1 % 6,200 19.1 % 16,547 18.3 % Home Values $200,000-$299,999 1,347 34.1 % 6,725 20.7 % 17,878 19.7 % Home Values $150,000-$199,999 804 20.4 % 4,326 13.3 % 12,580 13.9 % Home Values $100,000-$149,999 539 13.7 % 2,638 8.1 % 9,392 10.4 % Home Values $70,000-$99,999 118 3.0 % 550 1.7 % 1,717 1.9 % Home Values $50,000-$69,999 13 0.3 % 108 0.3 % 359 0.4 % Home Values $25,000-$49,999 34 0.9 % 182 0.6 % 674 0.7 % Home Values $0-$24,999 4 0.1 % 52 0.2 % 249 0.3 % Owner Occupied Median Home Value $245,470 $376,455 $400,521 Renter Occupied Median Rent $646 $784 $739 Transportation to Work (2000) Drive to Work Alone 10,224 67.9 % 109,456 72.5 % 294,997 68.7 % Drive to Work in Carpool 2,500 16.6 % 17,192 11.4 % 50,345 11.7 % Travel to Work - Public Transportation 1,348 9.0 % 11,240 7.4 % 40,431 9.4 % Drive to Work Motorcycle 28 0.2 % 316 0.2 % 735 0.2 % Walk or Bicycle to Work 451 3.0 % 4,522 3.0 % 19,626 4.6 % Other Means 55 0.4 % 808 0.5 % 2,456 0.6 % Work at Home 450 3.0 % 7,513 5.0 % 20,979 4.9 % Travel Time (2000) Travel to Work in 14 Minutes or Less 2,399 16.4 % 27,874 19.4 % 79,638 19.5 % Travel to Work in 15 to 29 Minutes 6,054 41.5 % 58,759 40.9 % 154,833 37.9 % Travel to Work in 30 to 59 Minutes 4,926 33.7 % 47,138 32.8 % 142,623 34.9 % Travel to Work in 60 Minutes or More 1,227 8.4 % 9,763 6.8 % 31,495 7.7 % Average Travel Time to Work 26 mins 25 mins 26 mins Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 5 of 5
  • 26. Lat:34.03390 Lon:-118.37708 Logos are for identification purposes only and may be trademarks of their respective companies. Demographic Source: Applied Geographic Solutions / TIGER Geography 2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved. 2615 Cullen Street Los Angeles, CA Current Year Estimated Median Age January, 2009 This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  • 27. Lat:34.03390 Lon:-118.37708 Logos are for identification purposes only and may be trademarks of their respective companies. Demographic Source: Applied Geographic Solutions / TIGER Geography 2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved. 2615 Cullen Street Los Angeles, CA Current Year Estimated Median Household Income January, 2009 This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

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