1040 N SIERRA BONITA AVEWest Hollywood, CA
Offering Memorandum
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. © 2016
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.
1040 N SIERRA BONITA AVE
West Hollywood, CA
ACT ID Y0120310
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 03Comparables
Rent Comparables
MARKET OVERVIEW 04
Market Analysis
Demographic Analysis
1040 N SIERRA BONITA AVE
1040 N SIERRA BONITA AVE
4
INVESTMENT
OVERVIEW
1040 N SIERRA BONITA AVE
#
EXECUTIVE SUMMARY
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES
Disney 15,190
Southern California / Hawa Reg 13,000
Fcp Voteco LLC 12,224
Walt Disney Company 8,333
Auge International 6,000
Smart & Final Holdings LLC 5,910
Anschutz Film Group 5,002
Victory Studio 5,000
Earth Technology Corp USA 4,655
Cardiac Noninvasive Laboratory 4,604
Ticketmaster Entertainment LLC 4,390
Califrnia Dept State Hospitals 4,000
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2016 Estimate Pop 59,902 337,799 904,024
2010 Census Pop 54,059 316,378 860,366
2016 Estimate HH 35,806 170,142 395,896
2010 Census HH 31,986 157,376 371,760
Median HH Income $52,192 $54,779 $48,272
Per Capita Income $50,112 $48,946 $39,108
Average HH Income $83,425 $96,605 $88,678
UNIT MIX
NUMBEROF UNITS
UNIT TYPEAPPROX.SQUARE FEET
1 Single / 1 Bathroom
2 1 Bedroom / 1 Bathroom
2 2 Bedroom / 2 Bathroom
1 3 Bedroom / 2 Bathroom
6 Total 5,665
VITAL DATA
Price $1,835,000 CURRENT PRO FORMA
Down Payment 60% / $1,101,000 CAP Rate 3.18% 6.63%
Loan Amount $734,000 GRM 17.37 10.88
Loan Type Proposed NewNet Operating Income
$58,263 $121,616
Interest Rate / Amortization 4.00% / 30 YearsNet Cash Flow After Debt Service
5.29% / $58,263 11.05% / $121,616
Price/Unit $305,833 Total Return 5.29% / $58,263 12.27% / $135,069
Price/SF $323.92
Number of Units 6
Rentable Square Feet 5,665
Year Built 1957
Lot Size 0.15 acre(s)
5
1040 N SIERRA BONITA AVE
#
OFFERING SUMMARY
▪ Location, Location, Location!
▪ First Time on the Market in Over 40 Years!
▪ Excellent Unit Mix.
▪ Tremendous Upside in Rents.
▪ 6 Carport Parking Spaces.
INVESTMENT HIGHLIGHTS
Marcus & Millichap is pleased to exclusively represent for sale 1040 Sierra Bonita Avenue, a 6-unit apartment building in Prime West Hollywood, one of Los Angeles's
most sought out neighborhoods.
Built in 1957, this two-story building consists of one single, two one-bedroom/one-bathroom, two two-bedroom/two-bathroom, and one three bedroom/two bathroom
units. On-site laundry facilities are available to tenants, as well as 6 carport parking spaces.
On the market for the first time in over 40 years, this is a rare opportunity to acquire an investment opportunity in one of LA's strongest sub-markets. The upside in rents
are tremendous, and can be achieved through property upgrades. Just steps from Santa Monica Blvd, shopping, dinning, and nightlife are at your door step. This
property can be the pride of ownership investment for any portfolio.
INVESTMENT OVERVIEW
6
1040 N SIERRA BONITA AVE
#
OFFERING SUMMARY
PROPERTY OVERVIEW
Marcus & Millichap is pleased to exclusively represent for sale 1040 Sierra Bonita Avenue, a 6-unit apartment
building in Prime West Hollywood, one of Los Angeles's most sought out neighborhoods.
Built in 1957, this two-story building consists of one single, two one-bedroom/one-bathroom, two two-
bedroom/two-bathroom, and one three bedroom/two bathroom units. On-site laundry facilities are available to
tenants, as well as 6 carport parking spaces.
On the market for the first time in over 40 years, this is a rare opportunity to acquire an investment opportunity in
one of LA's strongest sub-markets. The upside in rents are tremendous, and can be achieved through property
upgrades. Just steps from Santa Monica Blvd, shopping, dinning, and nightlife are at your door step. This
property can be the pride of ownership investment for any portfolio.
7
▪ Off Street Parking
Common Area Amenities
▪ Laundry Facilities
▪ Spacious Floor Plans
Unit Amenities
▪ In Wall AC Units
1040 N SIERRA BONITA AVE
#
PROPERTY SUMMARY
OFFERING SUMMARY
PROPOSED FINANCING
First Trust Deed
Loan Amount $734,000
Loan Type Proposed New
Interest Rate 4.00%
Amortization 30 Years
Loan Term 5 Years
Loan to Value 40%
Debt Coverage Ratio
EXISTING FINANCING
Loan Type Conventional
THE OFFERING
Property 1040 N Sierra Bonita Ave
Price $1,835,000
Property Address 1040 N Sierra Bonita Ave,West Hollywood,CA
Assessors Parcel Number 5530-019-008
Zoning Wdr3c*
SITE DESCRIPTION
Number of Units 6
Year Built/Renovated 1957
Rentable Square Feet 5665
Lot Size 0.15 acre(s)
8
REGIONAL MAP
1040 N SIERRA BONITA AVE
9
LOCAL MAP
1040 N SIERRA BONITA AVE
10
AERIAL PHOTO
1040 N SIERRA BONITA AVE
11
1040 N SIERRA BONITA AVE
12
FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
1040 N SIERRA BONITA AVE
RENT ROLL SUMMARY
13
FINANCIAL ANALYSIS
1040 N SIERRA BONITA AVE
14
RENT ROLL DETAIL
FINANCIAL ANALYSIS
1040 N SIERRA BONITA AVE
OPERATING STATEMENT
15
FINANCIAL ANALYSIS
1040 N SIERRA BONITA AVE
NOTES
16
FINANCIAL ANALYSIS
1040 N SIERRA BONITA AVE
PRICING DETAIL
17
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
$4.9 billion
total national
volume in 2015
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 1,601
debt and equity
financings
in 2015
ACQUISITION FINANCING
1040 N SIERRA BONITA AVE
18
1040 N SIERRA BONITA AVE
19
MARKET
COMPARABLES
8
1040 N SIERRA BONITA AVE
SALES COMPARABLES MAP
20
1040 N SIERRA BONITA AVE
(SUBJECT)
1024 N Sierra Bonita Ave
1233 N Orange Grove Ave
7631 Norton Ave
914 N Hayworth Ave
1047 N Stanley Ave
SALES COMPARABLES
1
2
3
4
5
PROPERTY NAME1040 N SIERRA BONITA AVE
COMPARABLES
21
Avg. $410
$0
$60
$120
$180
$240
$300
$360
$420
$480
$540
$600
1040 N
Sierra
Bonita Ave
1024 N
Sierra
Bonita Ave
1233 N
Orange
Grove Ave
7631
Norton Ave
914 N
Hayworth
Ave
1047 N
Stanley Ave
Average Price Per Square Foot
Avg. $290,649
$0
$40,000
$80,000
$120,000
$160,000
$200,000
$240,000
$280,000
$320,000
$360,000
$400,000
1040 N
Sierra
Bonita Ave
1024 N
Sierra
Bonita Ave
1233 N
Orange
Grove Ave
7631
Norton Ave
914 N
Hayworth
Ave
1047 N
Stanley Ave
Average Price Per Unit
Avg. 17.92
0
2
4
6
8
11
13
15
17
19
21
1040 N
Sierra
Bonita Ave
1024 N
Sierra
Bonita Ave
1233 N
Orange
Grove Ave
7631
Norton Ave
914 N
Hayworth
Ave
1047 N
Stanley Ave
Average GRM
Avg. 3.40%
0
0
1
1
2
2
2
3
3
4
4
1040 N
Sierra
Bonita Ave
1024 N
Sierra
Bonita Ave
1233 N
Orange
Grove Ave
7631
Norton Ave
914 N
Hayworth
Ave
1047 N
Stanley Ave
Average Cap Rate
SALES COMPARABLES SALES COMPS AVG
PROPERTY NAME
MARKETING TEAM
1040 N SIERRA BONITA AVE
COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
22
SALES COMPARABLES
rentpropertyaddress1
673 VISTA ISLE DRIVE
673 VISTA ISLE DRIVE, SUNRISE, FL, 33325
1040 N SIERRA BONITA AVE1040 N SIERRA BONITA AVE, WEST HOLLYWOOD, CA,
90046
Units Unit Type
Offering Price: $1,835,000 1 Single 1 Bath
Price/Unit: $305,833 2 1 Bdr 1 Bath
Price/SF: $323.92 2 2 Bdr 2 Bath
CAP Rate: 3.18% 1 3 Bdr 2 Bath
GRM: 17.37
Total No. of Units: 6
Year Built: 1957
Underwriting Criteria
Income $106,548 Expenses $48,285
NOI $58,263
1024 N SIERRA BONITA AVE, WEST HOLLYWOOD, CA, 90046
1024 N SIERRA BONITA AVE
1
Units Unit Type
Close Of Escrow: 10/27/2016 8 1 Bdr 0 Bath
Sales Price: $2,560,000 1 2 Bdr 0 Bath
Price/Unit: $284,444
Price/SF: $389.00
CAP Rate: 3.25%
GRM: 20.0
Total No. of Units: 9
Year Built: 1956
Underwriting Criteria
Income $128,000 Expenses $44,800
NOI $83,200
1233 N ORANGE GROVE AVE, WEST HOLLYWOOD, CA,
90046
1233 N ORANGE GROVE AVE
Units Unit Type
Close Of Escrow: 6/10/2016 1 Studio 0 Bath
Days On Market: 233 6 1 Bdr 0 Bath
Sales Price: $2,663,000 3 2 Bdr 0 Bath
Price/Unit: $266,300
Price/SF: $353.00
CAP Rate: 3.29%
GRM: 18.27
Total No. of Units: 10
Year Built: 1956
Underwriting Criteria
NOI $87,612
2
PROPERTY NAME
MARKETING TEAM
1040 N SIERRA BONITA AVE
COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
23
SALES COMPARABLES
Units Unit Type
Close Of Escrow: 6/9/2016 6 1 Bdr 0 Bath
Days On Market: 86 4 2 Bdr 0 Bath
Sales Price: $3,000,000
Price/Unit: $300,000
Price/SF: $350.00
CAP Rate: 3.13%
Total No. of Units: 10
Year Built: 1961
Underwriting Criteria
NOI $94,043
7631 NORTON AVE
3
7631 NORTON AVE, WEST HOLLYWOOD, CA, 90046 914 N HAYWORTH AVE, WEST HOLLYWOOD, CA, 90046
914 N HAYWORTH AVE
4
Units Unit Type
Close Of Escrow: 11/28/2016 1 Studio 0 Bath
Days On Market: 174 3 1 Bdr 0 Bath
Sales Price: $1,525,000 1 2 Bdr 0 Bath
Price/Unit: $305,000
Price/SF: $578.00
CAP Rate: 3.68%
GRM: 16.64
Total No. of Units: 5
Year Built: 1924
Underwriting Criteria
Income $91,647
NOI $56,120
1047 N STANLEY AVE, WEST HOLLYWOOD, CA, 90046
1047 N STANLEY AVE
Units Unit Type
Close Of Escrow: 11/17/2016 8 1 Bdr 0 Bath
Days On Market: 93 2 2 Bdr 0 Bath
Sales Price: $2,975,000
Price/Unit: $297,500
Price/SF: $379.00
CAP Rate: 3.65%
GRM: 16.75
Total No. of Units: 10
Year Built: 1959
Underwriting Criteria
NOI $102,018
5
8
1040 N SIERRA BONITA AVE
RENT COMPARABLES MAP
1040 N SIERRA BONITA AVE
(SUBJECT)
1047 Stanley Avenue
4
7
8
9
11
20
12
14
15
16
17
13
18
10
1
24
PROPERTY NAME1040 N SIERRA BONITA AVE
COMPARABLES
25
AVERAGE OCCUPANCY
Avg. 100.00%
0
10
20
30
40
50
60
70
80
90
100
1040 N
Sierra
Bonita Ave
1047
Stanley
Avenue
PROPERTY NAME1040 N SIERRA BONITA AVE
COMPARABLES
26
AVERAGE RENT - MULTIFAMILY
Avg. $2,150
$0
$300
$600
$900
$1,200
$1,500
$1,800
$2,100
$2,400
$2,700
$3,000
1040 N
Sierra
Bonita Ave
1047
Stanley
Avenue
1 Bedroom
Avg. $2,750
$0
$300
$600
$900
$1,200
$1,500
$1,800
$2,100
$2,400
$2,700
$3,000
1040 N
Sierra
Bonita Ave
1047
Stanley
Avenue
2 Bedroom
Avg. $
$0
$300
$600
$900
$1,200
$1,500
$1,800
$2,100
$2,400
$2,700
$3,000
1040 N
Sierra
Bonita Ave
1047
Stanley
Avenue
3 Bedroom
PROPERTY NAME
MARKETING TEAM
1040 N SIERRA BONITA AVE
RENT COMPARABLES
1040 N SIERRA BONITA AVE
1040 N SIERRA BONITA AVE, WEST HOLLYWOOD, CA, 90046
1040 N SIERRA BONITA AVE
1040 N SIERRA BONITA AVE, WEST HOLLYWOOD, CA, 90046
1040 N SIERRA BONITA AVE
1040 N SIERRA BONITA AVE, WEST HOLLYWOOD, CA, 90046
27
YEAR BUILT: 1957
1040 N SIERRA BONITA AVE1040 N SIERRA BONITA AVE, WEST HOLLYWOOD, CA,
90046
Unit Type Units SF Rent Rent/SF
Single 1 Bath 1 $736.00 $0.00
1 Bdr 1 Bath 2 $1,375.00 $0.00
2 Bdr 2 Bath 2 $1,411.50 $0.00
3 Bdr 2 Bath 1 $2,495.00 $0.00
Total/Avg. 6
1047 STANLEY AVENUE1047 STANLEY AVE, WEST HOLLYWOOD, CA, 90046
OCCUPANCY: 100% | YEAR BUILT: 1959
1
Unit Type Units SF Rent Rent/SF
1 Bdr 1 Bath 1 $2,150
2 Bdr 2 Bath 1 $2,750
Total/Avg. 2 $2,450
1040 N SIERRA BONITA AVE
28
MARKET
OVERVIEW
MARKET OVERVIEW
Greater Downtown Los Angeles consists of the Downtown Los Angeles, Mid-Wilshire and Hollywood submarkets. The area’s population of 876,500 residents is expected to
grow by 1.6 percent over the next five years. The number of households will increase by 3.1 percent during this period, with more than 10,000 additions, due in part to new
apartment and condo construction.
The downtown area is undergoing a major renaissance, and businesses and residents are once again seeking space. The downturn in the technology sector forced many
businesses that were paying a premium in West Los Angeles to relocate to more affordable locations downtown. Gensler’s move from the Google Campus to the City
National Bank Building is an example. In the past few years, low interest rates spurred a plethora of new projects and renovations in the area. Businesses in Greater
Downtown employ 486,500 workers, including roughly 218,600 in the services sectors. There are 86,900 people on the payroll in the public administration sector, and retail
trade accounts for approximately 65,300 jobs.
Healthcare provides jobs for almost 27,500 people, many of which are in hospitals. Legal services are also a major presence, employing 22,300 residents. The business
services sector accounts for almost 49,000 local hires. Other large employers include Ernst & Young and Paramount Pictures.
Building conversions remain popular in the downtown area, with older office buildings being re-built into upscale apartments and condos. Young, urban professionals
desiring shorter commutes are absorbing these units.
MAJOR EMPLOYERS
University of Southern California
Farmer’s Insurance
Kaiser Permanente
St. Vincent Medical Center
Transamerica Insurance Corp.
California State University
Paramount Pictures Corp.
State of California
Deloitte
Ernst & YoungSources: Marcus & Millichap Research Services;
U.S. Census Bureau; Experian
GREATER DOWNTOWN LOS ANGELES
SHARE OF TOTAL EMPLOYMENTDOWNTOWN EMPLOYMENT: 486,500
Services 45%
Public Administration 18%
Retail Trade 13%
Finance, Insurance & Real Estate 8%
Manufacturing 5%
Transportation, Communications & Utilities 4%
Construction 1%
Unclassified 5%
The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or
reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.
1040 N SIERRA BONITA AVE
29
MARKET OVERVIEW
1040 N SIERRA BONITA AVE
30
LOS ANGELES METRO AREA
Downtown Revitalization in Full Swing;
Housing Demand Remains Robust
Soaring home prices channel rising demand toward apartments. An upswing of development, spurred
by the renovation of downtown Los Angeles, produced the largest supply injection in more than two
decades. However, an improving labor market and the high cost of single-family housing generated surging
demand for rentals, bringing vacancy to a new cycle low. While development will remain elevated,
construction is declining outside of the urban core submarkets in the Greater Downtown Los Angeles area,
spurring broad declines in vacancy. Job growth, while slower than previous years of the current business
cycle, remains highly supportive of additional household formation as well. As a result, the metro vacancy
rate will contract further as new households predominantly choose rentals. While a tighter operating
environment will support additional growth in the average effective rent, performance will be dictated by
local drivers in individual submarkets. Robust corporate worker demand in the Westside Cities and South
Bay will accelerate rent gains, while being offset by rising vacancy in supply-laden Downtown Los Angeles.
Investors seek out vintage complexes as valuations in the core rise. Following several years of sizable
appreciation in asset values, investors are becoming more tactical. The sharp increase in new apartment
supply at the high end of the market has refocused participants on Class B and C offerings with upside
potential through renovation. Although these opportunities have dwindled due to high demand, particularly
in Downtown Los Angeles, neighborhoods with older construction such as the South Bay and the Westside
Cities still offer some prospects. Meanwhile, yield-oriented investors are boosting allocations in the San
Fernando Valley, where the highest cap rates in the metro are found. Metrowide, initial returns on closed
transactions will range from the low-4 to high-4 percent band, depending on asset quality and location.
*Estimate ** Forecast
Sources: Marcus & Millichap Research Services; BLS; CoStar Group, Inc.
MARKET OVERVIEW
1040 N SIERRA BONITA AVE
31
LOS ANGELES METRO AREA
2017 Market Forecast
Advancing faster than any other market, Los Angeles fills the top spot with
strong rental demand and limited development restraining vacancy.
Los Angeles organizations will hire 50,000 workers this year, expanding
payrolls by 1.1 percent. Last year, 75,000 jobs were created.
Focusing on the Downtown Los Angeles submarkets, developers will
complete 10,900 units in 2017, a marginal decrease from the 12,900
brought online last year.
A slower pace of development and steady job growth will contract the
vacancy rate 30 basis points to 2.6 percent. In the prior year, vacancy fell
10 basis points.
Declining vacancy will trigger a 5.4 percent rise in the average effective rent
to $2,095 per month during 2017. The average effective rent advanced 5.0
percent in the previous four quarters.
Markets outside of the Greater Downtown Los Angeles area will record
sharp slowdowns in deliveries, motivating buyers to deploy capital for fully
occupied Class B and C properties.
* Estimate ** Forecast
Sources: Marcus & Millichap Research Services; CoStar Group, Inc.;
Real Capital Analytics
NMI Rank
1, up 10 places
Employment
up 1.1%
Construction
10,900 units
Vacancy
down 30 bps
Rent
up 5.4%
Investment
PROPERTY NAME
MARKETING TEAM
1040 N SIERRA BONITA AVE
DEMOGRAPHICS
Source: © 2016 Experian
Created on March 2017
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2021 Projection
Total Population 60,002 340,811 911,108
▪ 2016 Estimate
Total Population 59,902 337,799 904,024
▪ 2010 Census
Total Population 54,059 316,378 860,366
▪ 2000 Census
Total Population 57,159 327,057 884,030
▪ Daytime Population
2016 Estimate 61,526 384,921 928,414
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2021 Projection
Total Households 36,195 173,025 402,225
▪ 2016 Estimate
Total Households 35,806 170,142 395,896
Average (Mean) Household Size 1.65 1.96 2.25
▪ 2010 Census
Total Households 31,986 157,376 371,760
▪ 2000 Census
Total Households 32,509 158,495 370,799
Growth 2015-2020 1.09% 1.69% 1.60%
HOUSING UNITS 1 Miles 3 Miles 5 Miles
▪ Occupied Units
2021 Projection 36,195 173,025 402,225
2016 Estimate 36,347 176,058 409,965
Owner Occupied 5,468 40,209 97,220
Renter Occupied 30,338 129,933 298,676
Vacant 540 5,916 14,068
▪ Persons In Units
2016 Estimate Total Occupied Units 35,806 170,142 395,896
1 Person Units 54.02% 46.21% 39.28%
2 Person Units 33.82% 31.36% 29.86%
3 Person Units 7.72% 10.91% 13.06%
4 Person Units 2.92% 6.90% 9.52%
5 Person Units 0.81% 2.77% 4.56%
6+ Person Units 0.70% 1.86% 3.73%
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2016 Estimate
$200,000 or More 6.73% 9.75% 8.61%
$150,000 - $199,000 5.12% 5.71% 4.80%
$100,000 - $149,000 11.39% 11.68% 10.53%
$75,000 - $99,999 11.36% 10.31% 9.38%
$50,000 - $74,999 17.03% 15.88% 15.43%
$35,000 - $49,999 12.04% 11.61% 12.47%
$25,000 - $34,999 9.32% 9.32% 10.41%
$15,000 - $24,999 9.46% 10.22% 12.10%
Under $15,000 17.55% 15.54% 16.29%
Average Household Income $83,425 $96,605 $88,678
Median Household Income $52,192 $54,779 $48,272
Per Capita Income $50,112 $48,946 $39,108
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population By Age
2016 Estimate Total Population 59,902 337,799 904,024
Under 20 8.01% 14.41% 18.80%
20 to 34 Years 36.34% 29.46% 27.32%
35 to 39 Years 11.18% 9.47% 8.60%
40 to 49 Years 16.37% 15.99% 15.21%
50 to 64 Years 15.06% 17.39% 17.51%
Age 65+ 13.05% 13.25% 12.56%
Median Age 37.36 38.15 37.17
▪ Population 25+ by Education Level
2016 Estimate Population Age 25+ 51,005 266,378 671,406
Elementary (0-8) 1.57% 4.42% 8.38%
Some High School (9-11) 2.50% 4.52% 7.13%
High School Graduate (12) 10.93% 13.13% 16.30%
Some College (13-15) 19.13% 17.91% 17.38%
Associate Degree Only 7.24% 5.83% 5.59%
Bachelors Degree Only 41.78% 35.87% 28.97%
Graduate Degree 15.73% 16.66% 13.72%
▪ Population by Gender
2016 Estimate Total Population 59,902 337,799 904,024
Male Population 52.40% 50.93% 50.17%
Female Population 47.60% 49.07% 49.83%
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Income
In 2016, the median household income for your selected geography is
$52,192, compare this to the US average which is currently $54,505.
The median household income for your area has changed by 47.65%
since 2000. It is estimated that the median household income in your
area will be $63,638 five years from now, which represents a change
of 21.93% from the current year.
The current year per capita income in your area is $50,112, compare
this to the US average, which is $29,962. The current year average
household income in your area is $83,425, compare this to the US
average which is $78,425.
Population
In 2016, the population in your selected geography is 59,902. The
population has changed by 4.80% since 2000. It is estimated that the
population in your area will be 60,002.00 five years from now, which
represents a change of 0.17% from the current year. The current
population is 52.40% male and 47.60% female. The median age of
the population in your area is 37.36, compare this to the US average
which is 37.68. The population density in your area is 19,064.29
people per square mile.
Households
There are currently 35,806 households in your selected geography.
The number of households has changed by 10.14% since 2000. It is
estimated that the number of households in your area will be 36,195
five years from now, which represents a change of 1.09% from the
current year. The average household size in your area is 1.65 persons.
Employment
In 2016, there are 27,052 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
78.15% of employees are employed in white-collar occupations in
this geography, and 21.94% are employed in blue-collar occupations.
In 2016, unemployment in this area is 7.46%. In 2000, the average
time traveled to work was 30.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
81.53% White, 3.73% Black, 0.09% Native American and 6.21%
Asian/Pacific Islander. Compare these to US averages which are:
70.77% White, 12.80% Black, 0.19% Native American and 5.36%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 12.00% of the current year
population in your selected area. Compare this to the US average of
17.65%.
PROPERTY NAME
MARKETING TEAM
1040 N SIERRA BONITA AVE
Housing
The median housing value in your area was $704,130 in 2016,
compare this to the US average of $187,181. In 2000, there were
4,995 owner occupied housing units in your area and there were
27,514 renter occupied housing units in your area. The median rent at
the time was $732.
Source: © 2016 Experian
DEMOGRAPHICS
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