10911 BLOOMFIELD ST10911 Bloomfield St • West Toluca Lake, CA 91602
Offering Memorandum
1
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 and
should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable;
however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of
the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 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 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.
10911 BLOOMFIELD ST
West Toluca Lake, CA
ACT ID ZAA0121114
2
TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01Offering Summary
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
10911 BLOOMFIELD ST
3
10911 BLOOMFIELD ST
4
INVESTMENT
OVERVIEW
10911 BLOOMFIELD ST
#
EXECUTIVE SUMMARY
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES
Disney 11,696
Yf Art Holdings Gp LLC 10,600
Walt Disney Company 8,177
Ticketmaster Entertainment LLC 4,390
Mtv Networks 3,646
Victory Studio 2,963
Providence Holy Cross 2,930
Andrews International Inc 2,254
Providence St Joseph Med Ctr 2,087
Mann Theaters 2,000
PROVIDENCE HOLY CROSS FOUNDATI
2,000
Universal City Studios Prod 2,000
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2018 Estimate Pop 33,847 207,352 637,322
2010 Census Pop 31,015 195,685 600,511
2018 Estimate HH 17,982 93,438 280,665
2010 Census HH 16,319 86,954 260,544
Median HH Income $72,118 $71,347 $64,052
Per Capita Income $59,053 $51,517 $46,117
Average HH Income $111,136 $114,109 $104,286
UNIT MIX
NUMBEROF UNITS
UNIT TYPEAPPROX.SQUARE FEET
3 Studio + 1
2 1+1
3 2+2
1 3+2
9 Total 7,056
VITAL DATA
Price $2,700,000 CURRENT POTENTIAL
Down Payment 100% / $2,700,000 CAP Rate 3.1% 5.03%
Loan Type All Cash GRM 17.67 12.93
Price/Unit $300,000Net Operating Income
$83,693 $135,810
Price/SF $382.65Net Cash Flow After Debt Service
3.10% / $83,693 5.03% / $135,810
Total Return 3.10% / $83,693 5.03% / $135,810
5
10911 BLOOMFIELD ST
OFFERING SUMMARY
▪ Prime West Toluca Lake Location
▪ Built in 1986
▪ Very Low Rents - Over 40% Upside
▪ Desirable Unit Mix of Studio, One, Two and Three Bedroom Units
▪ Four Tandem Garages & Six Open Parking Spaces
▪ Universal Studios, Universal CityWalk, Warner Brothers Studios Nearby
INVESTMENT HIGHLIGHTS
Marcus & Millichap is proud to present a 9 unit apartment building in a prime West Toluca Lake Location. The property has an excellent unit mix of Three Studio/One Bath
Units , Two One Bedroom/One Bath Unit, Three Two Bedroom/Two Bath Units and One Three Bedroom/Two Bath Units. Built in 1986, the property is not subject to LA City
rent control. (Property is subject to California's Tenant Protection Act, AB 1482)
With a "Very Walkable" Walkscore of 73, residents have easy access to all the dining, shopping, entertainment options that Toluca Lake has to offer. In addition to the walk-
able amenities of the area, there are major employment and entertainment centers close by such as Universal Studios, Universal CityWalk, Warner Brothers Studios and
Lakeside Golf Club. Centrally located near the 101, 170 and 134 freeways, residents also have easy access to other desirable locations such as Studio City, NoHo Arts
District, Hollywood, Glendale and Burbank.
This is an excellent value-add opportunity in a very desirable West Toluca Lake Location.
INVESTMENT OVERVIEW
6
10911 BLOOMFIELD ST
PROPERTY SUMMARY
OFFERING SUMMARY
PROPOSED FINANCING
First Trust Deed
Loan Type All Cash
Debt Coverage Ratio
THE OFFERING
Property 10911 Bloomfield St
Price $2,700,000
Property Address 10911 Bloomfield St, North Hollywood, CA
Assessors Parcel Number 2423-014-020
Zoning Lar3
SITE DESCRIPTION
Year Built/Renovated 1986
Rentable Square Feet 7,056
Lot Size 0.21 acre(s)
Type of Ownership Fee Simple
7
10911 BLOOMFIELD ST
8
FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
10911 BLOOMFIELD ST
RENT ROLL SUMMARY
9
FINANCIAL ANALYSIS
10911 BLOOMFIELD ST
10
RENT ROLL DETAIL
Note: Unit 4 is scheduled to move out end of February 2020.
FINANCIAL ANALYSIS
10911 BLOOMFIELD ST
OPERATING STATEMENT
11
FINANCIAL ANALYSIS
10911 BLOOMFIELD ST
PRICING DETAIL
12
MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIES
MMCC—our fully integrated, dedicated financing arm—is committed to
providing superior capital market expertise, precisely managed execution, and
unparalleled access to capital sources providing the most competitive rates and
terms.
We leverage our prominent capital market relationships with commercial banks,
life insurance companies, CMBS, private and public debt/equity funds, Fannie
Mae, Freddie Mac and HUD to provide our clients with the greatest range of
financing options.
Our dedicated, knowledgeable experts understand the challenges of financing
and work tirelessly to resolve all potential issues to the benefit of our clients.
National platform
operating
within the firm’s
brokerage offices
$6.24 billion
total national
volume in 2018
Access to more
capital sources
than any other
firm in the
industry
Optimum financing solutions to
enhance value
Our ability to enhance buyer
pool by expanding finance
options
Our ability to enhance
seller control
• Through buyer
qualification support
• Our ability to manage buyers
finance expectations
• Ability to monitor and
manage buyer/lender progress,
insuring timely,
predictable closings
• By relying on a world class
set of debt/equity sources
and presenting a tightly
underwritten credit file
WHY MMCC?
Closed 1,678
debt and equity
financings
in 2018
ACQUISITION FINANCING
10911 BLOOMFIELD ST
13
10911 BLOOMFIELD ST
14
MARKET
COMPARABLES
10911 BLOOMFIELD ST
SALES COMPARABLES MAP
15
10911 BLOOMFIELD ST
(SUBJECT)
4142-4152 Cahuenga Blvd
15480 Moorpark St
11230 Camarillo St
10753 Blix St
14805 MAGNOLIA BLVD
4100 Whitsett Ave
Chandler Blvd Llc
SALES COMPARABLES
1
2
3
4
5
7
6
16
PROPERTY NAME10911 BLOOMFIELD ST
SALES COMPARABLES
Avg. 3.37%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
10911Bloomfield
St
4142-4152Cahuenga
Blvd
15480Moorpark St
11230Camarillo
St
10753Blix St
14805MAGNOLIA
BLVD
4100Whitsett
Ave
ChandlerBlvd Llc
Average Cap Rate
Avg. 17.30
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
10911Bloomfield
St
4142-4152Cahuenga
Blvd
15480Moorpark St
11230Camarillo
St
10753Blix St
14805MAGNOLIA
BLVD
4100Whitsett
Ave
ChandlerBlvd Llc
Average GRM
SALES COMPARABLES SALES COMPS AVG
17
PROPERTY NAME10911 BLOOMFIELD ST
SALES COMPARABLES
Avg. $377.24
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
$300.00
$350.00
$400.00
$450.00
$500.00
10911Bloomfield
St
4142-4152Cahuenga
Blvd
15480Moorpark St
11230Camarillo
St
10753Blix St
14805MAGNOLIA
BLVD
4100Whitsett
Ave
ChandlerBlvd Llc
Average Price Per Square Foot
Avg. $337,067
$0
$40,000
$80,000
$120,000
$160,000
$200,000
$240,000
$280,000
$320,000
$360,000
$400,000
10911Bloomfield
St
4142-4152Cahuenga
Blvd
15480Moorpark St
11230Camarillo
St
10753Blix St
14805MAGNOLIA
BLVD
4100Whitsett
Ave
ChandlerBlvd Llc
Average Price Per Unit
SALES COMPARABLES SALES COMPS AVG
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
18
SALES COMPARABLES
Units Unit Type
Offering Price: $2,700,000 3 Studio + 1
Price/Unit: $300,000 2 1+1
Price/SF: $382.65 3 2+2
CAP Rate: 3.10% 1 3+2
GRM: 17.67
Total No. of Units: 9
Underwriting Criteria
Income $149,327 Expenses $65,634
NOI $83,693 Vacancy ($4,585)
10911 BLOOMFIELD ST10911 Bloomfield St, West Toluca Lake, CA, 91602
1
Units Unit Type
Close Of Escrow: 12/27/2019 4 1 Bdr 1 Bath
Sales Price: $3,615,000 2 2 Bdr 1 Bath
Price/Unit: $361,500 4 2 Bdr 1 Bath
Price/SF: $406.00
CAP Rate: 3.03%
GRM: 18.71
Total No. of Units: 10
Year Built: 1948
NOTES
Subject to LA City Rent Control
4142-4152 CAHUENGA BLVD4142 Cahuenga Blvd, Toluca Lake, CA, 91602
Close Of Escrow: 11/5/2019
Sales Price: $2,695,000
Price/Unit: $299,444
Price/SF: $414.30
Total No. of Units: 9
Year Built: 1958
2
NOTES
Subject to LA City Rent Control
15480 MOORPARK ST15480 Moorpark St, Sherman Oaks, CA, 91403
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
19
SALES COMPARABLES
Units Unit Type
Close Of Escrow: 2/22/2019 4 Studio 1 Bath
Sales Price: $6,600,000 4 Studio 1 Bath Loft
Price/Unit: $275,000 7 1 Bdr 1 Bath
Price/SF: $338.93 4 1 Bdr 1 Bath Loft
CAP Rate: 2.86% 1 2 Bdr 2 Bath
GRM: 18.38 4 2 Bdr 2 Bath Loft
Total No. of Units: 24
Year Built: 1984
3
11230 CAMARILLO ST11230 Camarillo St, North Hollywood, CA, 91602
4
Units Unit Type
Close Of Escrow: 11/27/2018 3 1 Bdr 1 Bath
Sales Price: $3,520,000 5 2 Bdr 2 Bath
Price/Unit: $391,111 1 3 Bdr 2 Bath
Price/SF: $342.75
CAP Rate: 3.39%
GRM: 17.32
Total No. of Units: 9
Year Built: 1990
10753 BLIX ST10753 Blix St, North Hollywood, CA, 91602
Units Unit Type
Close Of Escrow: 11/30/2018 8 Studio 1 Bath
Sales Price: $8,850,000 8 1 Bdr 1 Bath
Price/Unit: $368,750 8 2 Bdr 2 Bath
Price/SF: $403.56
CAP Rate: 3.78%
GRM: 16.33
Total No. of Units: 24
Year Built: 1984
5
14805 MAGNOLIA BLVD14805 Magnolia Blvd, Sherman Oaks, CA, 91403
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
20
SALES COMPARABLES
Units Unit Type
Close Of Escrow: 8/15/2019 6 1 Bdr 1 Bath
Sales Price: $5,395,000 10 2 Bdr 2 Bath
Price/Unit: $359,667
Price/SF: $370.10
CAP Rate: 2.87%
GRM: 17.16
Total No. of Units: 15
Year Built: 1986
6
4100 WHITSETT AVE4100 Whitsett Ave, North Hollywood, CA, 91604
7
Units Unit Type
Close Of Escrow: 8/23/2019 8 1 Bdr 1 Bath
Sales Price: $3,040,000 2 2 Bdr 2 Bath
Price/Unit: $304,000
Price/SF: $365.03
CAP Rate: 4.28%
GRM: 15.90
Total No. of Units: 10
Year Built: 1978
CHANDLER BLVD LLC12207 Chandler Blvd, Valley Village, CA, 91607
8
10911 BLOOMFIELD ST
RENT COMPARABLES MAP
10911 BLOOMFIELD ST
(SUBJECT)
10922 Bloomfield St
10841 Hortense St
10860 Blix St
11123 Aqua Vista St
10926 Hortense St
10459 Riverside Dr
10742 Sarah St
4
7
8
9
11
20
12
14
15
16
17
13
18
10
4
7
1
2
3
5
6
21
PROPERTY NAME10911 BLOOMFIELD ST
RENT COMPARABLES
22
AVERAGE RENT - MULTIFAMILY
Avg. $
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
10911Bloomfield
St
10922Bloomfield
St
10841Hortense St
10860Blix St
11123 AquaVista St
10926Hortense St
10459Riverside
Dr
10742Sarah St
3 Bedroom
Avg. $1,557
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
10911Bloomfield
St
10922Bloomfield
St
10841Hortense St
10860Blix St
11123 AquaVista St
10926Hortense St
10459Riverside
Dr
10742Sarah St
Studios
Avg. $1,885
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
10911Bloomfield
St
10922Bloomfield
St
10841Hortense St
10860Blix St
11123 AquaVista St
10926Hortense St
10459Riverside
Dr
10742Sarah St
1 Bedroom
Avg. $2,328
$0
$300
$600
$900
$1,200
$1,500
$1,800
$2,100
$2,400
$2,700
$3,000
10911Bloomfield
St
10922Bloomfield
St
10841Hortense St
10860Blix St
11123 AquaVista St
10926Hortense St
10459Riverside
Dr
10742Sarah St
2 Bedroom
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
RENT COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
23
rentpropertyname1rentpropertyaddress1
Unit Type Units SF Rent Rent/SF
Studio + 1 3 $1,087 $0.00
1+1 2 $1,408 $0.00
2+2 3 $1,678 $0.00
3+2 1 $1,625 $0.00
Total/Avg. 9 $1,415
10911 BLOOMFIELD ST10911 Bloomfield St, West Toluca Lake, CA, 91602
YEAR BUILT: 1987
1
Unit Type Units SF Rent Rent/SF
Studio 1 Bath 1 $1,600
1 Bdr 1 Bath 1 $1,800
Total/Avg. 2 $1,700
10922 BLOOMFIELD ST10922 Bloomfield St, North Hollywood, CA, 91602
2
YEAR BUILT: 1964
Unit Type Units SF Rent Rent/SF
2 Bdr 1 Bath 1 865 $2,195 $2.54
Total/Avg. 1 865 $2,195 $2.54
10841 HORTENSE ST10841 Hortense St, North Hollywood, CA, 91602
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
RENT COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
24
YEAR BUILT: 1964
3
Unit Type Units SF Rent Rent/SF
2 Bdr 1 Bath 1 1,100 $2,390 $2.17
Total/Avg. 1 1,100 $2,390 $2.17
10860 BLIX ST10860 Blix St, North Hollywood, CA, 91602
YEAR BUILT: 1976
4
Unit Type Units SF Rent Rent/SF
Studio 1 Bath 2 $1,675
1 Bdr 1 Bath 2 $1,855
Total/Avg. 4 $1,765
11123 AQUA VISTA ST11123 Aqua Vista St, North Hollywood, CA, 91602
5
YEAR BUILT: 1957
Unit Type Units SF Rent Rent/SF
Studio 1 Bath 1 $1,395
Total/Avg. 1 $1,395
10926 HORTENSE ST10926 Hortense St, North Hollywood, CA, 91602
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
RENT COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
25
YEAR BUILT: 1956
6
Unit Type Units SF Rent Rent/SF
2 Bdr 1 Bath 900 $2,400 $2.67
Total/Avg. $2,400
10459 RIVERSIDE DR10459 Riverside Dr, Toluca Lake, CA, 91602
YEAR BUILT: 1950
7
Unit Type Units SF Rent Rent/SF
1 Bdr 1 Bath 800 $2,000 $2.50
Total/Avg. $2,000
10742 SARAH ST10742 Sarah St, North Hollywood, CA, 91602
10911 BLOOMFIELD ST
26
MARKET
OVERVIEW
MARKET OVERVIEW
OVERVIEWSAN FERNANDO VALLEY
DIVERSE ECONOMYWhile the entertainment industry underpins the economy, other economic drivers include aerospace, insurance and healthcare.
EDUCATED WORKFORCERoughly 36 percent of San Fernando Valley residents who are age 25 and older hold a bachelor’s degree and 13 percent also obtained a graduate or professional degree.
GROWTHPopulation and household growth will increase faster than other large metros in Southern California, generating a demand for housing, and goods and services.
Approximately 2.5 million people reside in the San Fernando Valley,
which includes the submarkets of Northridge-Northwest San Fernando
Valley, Van Nuys-Northeast San Fernando Valley, Woodland Hills,
Burbank-Glendale-Pasadena and Sherman Oaks-North Hollywood-
Encino. The area’s population is expected to increase by 36,000
residents through 2023. Many people are attracted by the region’s more
affordable home prices.
▪ Known for its entertainment industry, the Valley boasts more than 100 soundstages. Entertainment
giants calling the Valley home include Walt Disney Co., Universal Studios, Warner Brothers,
DreamWorks and Paramount Ranch.
▪ Aerospace giants Boeing and Northrop Grumman as well as 21st Century Insurance generate
numerous well-paying jobs.
▪ Healthcare is also a major source of employment and providers here include Kaiser Permanente and
Providence Health & Services. As a result of its large concentration of high salaries and successful
companies, household incomes are above the national average.
DEMOGRAPHICS
1
ECONOMY
METRO HIGHLIGHTS
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
10911 BLOOMFIELD ST
2.5M
2018POPULATION:
875K
2018HOUSEHOLDS:
38.9
2018MEDIAN AGE:
$69,800
2018 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
38.0U.S. Median:
$58,8002.6%
Growth2018-2023*:
1.4%
Growth2018-2023*:
10911 BLOOMFIELD ST
28
LOS ANGELES METRO AREA
High Cost of Homeownership Sustains Rental Demand;
Investors Target Locales With Higher Return Thresholds
Tight conditions preserved amid wave of supply additions. In each of the previous three years rental
demand in Los Angeles outpaced elevated levels of construction activity, compressing vacancy to a cycle-low
level entering 2020. Limited unit availability occurs at an opportune time, as the county’s rental inventory will
swell by an additional 14,000 units this year, the third-largest total among major U.S. metros. While core Los
Angeles continues to record the largest influx of new apartments, deliveries are more evenly distributed
between Downtown Los Angeles, Mid-Wilshire and Hollywood than in previous years. Elsewhere, the San
Fernando Valley will record a large increase of new units, welcoming more than 4,000 rentals, 40 percent of
which are in Woodland Hills. Throughout the county, projects in lease-up will benefit from steep home prices
and income growth, but concessions usage will increase as developers seek to achieve stabilization in under
a year. With solid demand drivers in place, the overall impact of cycle-high delivery volume will be moderate,
with metro vacancy rising to 4 percent.
New legislation forces investors to adjust expectations. Robust renter demand for lower-cost apartments
will fuel buyer competition for properties near major freeways and employment hubs this year. While the
implementation of statewide rent control could alter returns on Class C investments following a span of
sizable rental rate gains in this tranche, tight conditions should allow for steady, yet more subdued, increases
moving forward. In-county investors and regional 1031-exchange buyers should be most active, eyeing
Koreatown, South Bay and the San Gabriel Valley, where pricing below $200,000 per unit and 5 percent-plus
cap rates can be found. Hollywood, Mid-Wilshire and the San Fernando Valley represent additional targets for
these buyers; however, yields beyond the mid-4 percent band will be harder to obtain as asset values in
these locales rise.
* Estimate; ** Forecast
Sources: Marcus & Millichap Research Services; BLS; CoStar Group, Inc.
10911 BLOOMFIELD ST
29
LOS ANGELES METRO AREA
2020 Market Forecast
After expanding payrolls by 50,000 positions last year, metro employers
bolster staffs by 40,600 workers in 2020.
Delivery volume rises by more than 5,200 units on a year-over-year basis,
increasing Los Angeles’ rental stock by 1.3 percent.
Supply additions outpace rental demand for the first time in four years,
elevating metro vacancy to 4.0 percent. Still, more than 6,800 units will be
absorbed.
Increased concessions usage and rent control will slightly slow the mean
rental growth this year, with the average effective rent reaching $2,380 per
month.
Home to a cohort of higher-earning residents who are choosing to not
purchase a home, Silicon Beach remains a target for buyers willing to deploy
more than $500,000 per unit for Class C assets.
* Estimate; ** Forecast
Sources: CoStar Group, Inc.; RealPage, Inc.; Real Capital Analytics
Employment
up 0.9%
Construction
14,100 units
Vacancy
up 60 bps
Rent
up 3.0%
Investment
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
DEMOGRAPHICS
Source: © 2019 Experian
Created on February 2020
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2023 Projection
Total Population 34,670 210,300 642,280
▪ 2018 Estimate
Total Population 33,847 207,352 637,322
▪ 2010 Census
Total Population 31,015 195,685 600,511
▪ 2000 Census
Total Population 29,635 189,331 601,796
▪ Daytime Population
2018 Estimate 29,304 222,151 684,844
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2023 Projection
Total Households 18,503 95,595 285,895
▪ 2018 Estimate
Total Households 17,982 93,438 280,665
Average (Mean) Household Size 1.86 2.21 2.25
▪ 2010 Census
Total Households 16,319 86,954 260,544
▪ 2000 Census
Total Households 16,068 84,653 258,826
Growth 2015-2020 2.90% 2.31% 1.86%
HOUSING UNITS 1 Miles 3 Miles 5 Miles
▪ Occupied Units
2023 Projection 18,503 95,595 285,895
2018 Estimate 18,595 96,680 290,791
Owner Occupied 4,387 34,507 88,652
Renter Occupied 13,595 58,931 192,012
Vacant 613 3,242 10,126
▪ Persons In Units
2018 Estimate Total Occupied Units 17,982 93,438 280,665
1 Person Units 45.23% 37.06% 38.51%
2 Person Units 35.03% 32.61% 30.71%
3 Person Units 11.57% 13.93% 13.04%
4 Person Units 5.85% 9.95% 9.90%
5 Person Units 1.61% 3.83% 4.34%
6+ Person Units 0.71% 2.62% 3.50%
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2018 Estimate
$200,000 or More 11.04% 12.20% 10.44%
$150,000 - $199,000 6.05% 7.06% 6.42%
$100,000 - $149,000 15.40% 15.40% 14.31%
$75,000 - $99,999 15.48% 13.10% 12.05%
$50,000 - $74,999 18.14% 16.80% 16.24%
$35,000 - $49,999 10.42% 10.46% 11.15%
$25,000 - $34,999 7.86% 7.28% 7.94%
$15,000 - $24,999 7.12% 8.10% 9.46%
Under $15,000 8.50% 9.61% 12.01%
Average Household Income $111,136 $114,109 $104,286
Median Household Income $72,118 $71,347 $64,052
Per Capita Income $59,053 $51,517 $46,117
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population By Age
2018 Estimate Total Population 33,847 207,352 637,322
Under 20 12.74% 18.20% 17.99%
20 to 34 Years 32.12% 25.09% 26.06%
35 to 39 Years 10.87% 8.73% 8.61%
40 to 49 Years 16.51% 15.94% 15.33%
50 to 64 Years 17.62% 19.17% 18.56%
Age 65+ 10.16% 12.88% 13.44%
Median Age 37.23 38.80 38.39
▪ Population 25+ by Education Level
2018 Estimate Population Age 25+ 27,671 157,947 483,606
Elementary (0-8) 1.15% 3.73% 5.66%
Some High School (9-11) 2.96% 4.89% 5.77%
High School Graduate (12) 12.49% 15.54% 16.57%
Some College (13-15) 21.57% 21.56% 19.68%
Associate Degree Only 6.93% 7.38% 7.18%
Bachelors Degree Only 39.98% 31.62% 29.97%
Graduate Degree 14.51% 14.29% 13.20%
▪ Population by Gender
2018 Estimate Total Population 33,847 207,352 637,322
Male Population 50.46% 50.05% 50.65%
Female Population 49.54% 49.95% 49.35%
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Income
In 2019, the median household income for your selected geography is
$72,118, compare this to the US average which is currently $58,754.
The median household income for your area has changed by 62.14%
since 2000. It is estimated that the median household income in your
area will be $84,509 five years from now, which represents a change
of 17.18% from the current year.
The current year per capita income in your area is $59,053, compare
this to the US average, which is $32,356. The current year average
household income in your area is $111,136, compare this to the US
average which is $84,609.
Population
In 2019, the population in your selected geography is 33,847. The
population has changed by 14.21% since 2000. It is estimated that the
population in your area will be 34,670.00 five years from now, which
represents a change of 2.43% from the current year. The current
population is 50.46% male and 49.54% female. The median age of the
population in your area is 37.23, compare this to the US average
which is 37.95. The population density in your area is 10,772.01
people per square mile.
Households
There are currently 17,982 households in your selected geography.
The number of households has changed by 11.91% since 2000. It is
estimated that the number of households in your area will be 18,503
five years from now, which represents a change of 2.90% from the
current year. The average household size in your area is 1.86
persons.
Employment
In 2019, there are 11,948 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
81.13% of employees are employed in white-collar occupations in this
geography, and 18.70% are employed in blue-collar occupations. In
2019, unemployment in this area is 6.34%. In 2000, the average time
traveled to work was 31.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
72.09% White, 7.39% Black, 0.09% Native American and 8.55%
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 counted
independently of race.
People of Hispanic origin make up 17.81% of the current year
population in your selected area. Compare this to the US average of
18.01%.
PROPERTY NAME
MARKETING TEAM
10911 BLOOMFIELD ST
Housing
The median housing value in your area was $706,970 in 2019,
compare this to the US average of $201,842. In 2000, there were
4,122 owner occupied housing units in your area and there were
11,946 renter occupied housing units in your area. The median rent at
the time was $738.
Source: © 2019 Experian
DEMOGRAPHICS
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10911 BLOOMFIELD ST
DEMOGRAPHICS
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