1673 whitwood lane - loopnet
TRANSCRIPT
Offering Memorandum
1673 WHITWOOD LANECampbell, CA 95008
• Completely Renovated Interiors• Private Garage Parking• Individual Washer & Dryer• New Roof, Exterior Paint, Copper
Piping and Electrical
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.
1673 Whitwood Lane
Campbell, CA
ACT ID ZAA0010836
E X C L U S I V E L Y L I S T E D B Y
Fred Rubio IIIVice President Investments
Associate Member – National Multi Housing Group
Palo Alto Office
Tel: (650) 391-1734
Fax: (650) 391-1710
License: CA 01984041
Mitchell Zurich
Senior Vice President Investments
Senior Director - National Multi Housing Group
Palo Alto Office
Tel: (650) 391-1824
Fax: (650) 391-1710
License: CA 01870648
Table Of Contents
SECTION
INVESTMENT OVERVIEW 01
FINANCIAL ANALYSIS 02
MARKET COMPARABLES 03
MARKET OVERVIEW 04
1673 Whitwood Lane
5
INVESTMENT OVERVIEW
1673 Whitwood Lane
1673 Whitwood Lane
#
EXECUTIVE SUMMARY
OFFERING SUMMARY
6
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES
Agilent Technologies Inc 5,558
Seagate Technology Hdd Hldgs 3,000
Stanford Cancer Center S Bay 2,523
Apple 2,189
Netflix Inc 2,166
Auto World Car Wash LLC 1,597
Safeway 1,291
HOSPITAL COPORATION OF AMERICA
1,200
Sanmina Corporation 1,200
Footh-De Anza Commun Colleg Di 1,163
Santa Clara Valley Medical Ctr 1,083
Harker School 1,070
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2018 Estimate Pop 25,695 199,250 482,459
2010 Census Pop 24,932 190,519 456,367
2018 Estimate HH 9,408 76,531 185,882
2010 Census HH 8,985 71,809 172,364
Median HH Income $125,287 $118,188 $120,928
Per Capita Income $59,760 $63,849 $65,274
Average HH Income $163,021 $165,932 $168,951
VITAL DATA
Price $2,250,000 CURRENT PROFORMA
Down Payment 100% / $2,250,000 CAP Rate 2.33% 4.08%
Loan Type All Cash GRM 23.95 17.09
Price/Unit $562,500Net Operating Income
$52,483 $91,889
Price/SF $692.31Net Cash Flow After Debt Service
2.33% / $52,483 4.08% / $91,889
Number of Units 4 Total Return 2.33% / $52,483 4.08% / $91,889
Rentable Square Feet 3,250
Year Built 1962
Lot Size 0.2 acre(s)
UNIT MIX
NUMBEROF UNITS
UNIT TYPEAPPROX.SQUARE FEET
2 2BR/2BA 906
2 1BR/1BA 719
4 Total 3,250
Offering Summary
▪ Superior Unit Mix: 2BR/2BA & 1BR/1BA Units
▪ Superb Unit Amenities: Private Attached Garages, In-Unit Laundry, Private Yards
▪ Excellent Proximity to the South Bay's Major Employers and Thoroughfares
▪ Low Density Neighborhood consisting predominantly of single family homes
▪ Major Capital Improvements: New Roofs, Fresh Exterior Paint, Copper Piping &
Wire
INVESTMENT HIGHLIGHTS
1673 Whitwood Lane, located in Campbell, offers an investor the opportunity to purchase a four-unit apartment building in a fundamentally strong South Bay sub-market.
The buildings boast an exceptional unit mix of two two-bedroom/two-bath units (906 SF) and two one-bedroom/one-bath (719 SF) units. Each unit contains a private
enclosed garage along with their own personal in-unit washer and dryer. The building has received a new roof and has all copper supply piping, all copper branch circuit
wiring and renovated interiors.
The City of Campbell, a highly desirable suburban town with a population of roughly 42,000, is located in the heart of the Silicon Valley. It is one of the most desirable sub-
markets in the South Bay due to its central location and suburb like neighborhoods. It borders three other premier South Bay cities including Los Gatos, Saratoga and
Cupertino, home to many of Silicon Valleys most successful entrepreneurs and notable employers. The Properties sit near the crossroads of Campbell Avenue and San
Tomas Aquino Road adjacent to the Kirkwood Plaza shopping center which includes many retail services and restaurants, including Nob Hill Foods, Walgreens and
Starbucks. The location boasts excellent proximity to Westgate Center, a shopping center containing over 600,000 square feet of retail and restaurant tenants. Downtown
Campbell boasts a vibrant and lively setting with many popular bars and restaurants and is less than 3 miles away. The Properties provide easy access to the major
thoroughfares of the South Bay including Saratoga & Campbell Avenues in addition to Highway 17, Highway 85 and Interstate 280.
1779 Bucknall Rd is located in the heart of Silicon Valley and offers immediate access to an extremely dense concentration of employment. Within a ten mile radius of the
Property, there exist roughly 764,000 jobs, all of which can be accessed in under a 30-minute commute. EBays headquarters is located four miles northeast of the Property
and Netflixs headquarters is located four miles south. Netflix is one of the Bay Areas largest employers and is in the top 50 for largest companies in the U.S. by market cap.
Apples new spaceship headquarters in Cupertino is located five miles north and is expected to house approximately 13,000 workers.
INVESTMENT OVERVIEW
7
1673 Whitwood Lane
1
MARKET OVERVIEW
50, 62, 72, 84, 96, 108 KIM LOUISE DRIVE
8
School & Employment Overview
The subject property is in the Moreland School District.
Moreland is highly rated and very desirable for
residents of the South Bay. Gussie M. Baker
Elementary is located only a few blocks from the
subject property and ranks an impressive 9/10 on test
scores. The assigned Moreland School District schools
specific to the Properties include Gussie M. Baker
Elementary School (7), Moreland Middle School (7) and
Westmont High School (8).
EXCELLENT SCHOOL DISTRICT
The subject property is located in the heart of Silicon Valley and offers
immediate access to an extremely dense concentration of employment. EBay’s
headquarters is located four miles northeast of the Property and Netflix’s
headquarters is located four miles south. Netflix is one of the Bay Area’s largest
employers and is in the top 50 for largest companies in the U.S. by market cap.
Apple’s “spaceship” headquarters in Cupertino is located five miles north. Santa
Clara, just over six miles north, provides office space for NVidia, Ericsson, and
Intel, all of which are top 10 employers of the Bay Area. Sunnyvale, eight miles
northwest, is home to numerous employers including, Yahoo, AMD, and
Lockheed Martin. Downtown San Jose, less than nine miles to the northeast,
houses major offices for PwC, Adobe, and Ernst and Young, amongst many
others. And San Jose’s Golden Triangle, located roughly 10 miles northeast,
provides over 32M square feet of office and R&D space with notable employers
including Google, Cisco, Oracle, and Samsung. Lastly, Google’s Mountain View
headquarters is located 11 miles northwest.
STRONG LOCAL EMPLOYMENT
1673 Whitwood Lane
Aerial Map
9
1673 Whitwood Lane
REGIONAL MAP
1673 Whitwood Lane
10
LOCAL MAP
1673 Whitwood Lane
11
12
FINANCIAL ANALYSIS
1673 Whitwood Lane
FINANCIAL ANALYSIS
1673 Whitwood Lane
OPERATING STATEMENT
13
Notes to Operating Statement:1. Utility Bill-Back is estimated at 50% recapture of the utility expenses, trash removal & sewer paid by tenant.2. Real Estate Tax is based off of current tax rate.3. Insurance is estimated at $300 per unit.4. Special Assessments is based off of current tax bill.5. Water is based off of 2018-19 water bills.6. PG&E is an average based off of 2018 invoices.7. Trash Removal is $84.15 per unit on a quarterly basis.8. Repairs & Maintenance is estimated at $650 per unit.9. Landscaping is estimated at $120 per month.
FINANCIAL ANALYSIS
1673 Whitwood Lane
PRICING DETAIL
14
15
MARKET COMPARABLES
1673 Whitwood Lane
SALES COMPARABLES MAP
16
Subject Property
644 Belladonna Court
505 Hope Ter
235 Washington St
62 Kim Louise Drive
105 Fulton St
117 Winslow Ct
SALES COMPARABLES
1
2
3
4
5
6
1673 Whitwood Lane
17
PROPERTY NAME
SALES COMPARABLES
Avg. $650.19
$0.00
$70.00
$140.00
$210.00
$280.00
$350.00
$420.00
$490.00
$560.00
$630.00
$700.00
644Belladonna
Court
505 HopeTer
235Washington
St
62 KimLouiseDrive
105Fulton St
117Winslow Ct
Average Price Per Square Foot
Avg. $587,711
$0
$70,000
$140,000
$210,000
$280,000
$350,000
$420,000
$490,000
$560,000
$630,000
$700,000
644Belladonna
Court
505 HopeTer
235Washington
St
62 KimLouiseDrive
105Fulton St
117Winslow Ct
Average Price Per Unit
SALES COMPARABLES SALES COMPS AVG
1673 Whitwood Lane
PROPERTY NAME
MARKETING TEAMSALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
18
SALES COMPARABLES
Units Unit Type
Close Of Escrow: 10/3/2018 1 3 Bdr 2 Bath
Sales Price: $2,680,000 2 2 Bdr 2 Bath
Price/Unit: $670,000 1 1 Bdr 1 Bath
Price/SF: $642.53
CAP Rate: 4.17%
GRM: 16.88
Total No. of Units: 4
Year Built: 1969
1
NOTES
The 3bdr/2ba Masters unit has a huge kitchen and living room with
fireplace, garage parking, and private patio. All units were completely
renovated with double-pane windows, granite and quartz counters, new
appliances stainless and black, indirect efficiency lighting, and wood and
bamboo flooring. Three of the units were completely furnished.
644 BELLADONNA COURT644 Belladonna Ct, Sunnyvale, CA, 94086
2
Units Unit Type
Close Of Escrow: 11/21/2018 1 3 Bdr 2 Bath
Sales Price: $2,350,000 2 2 Bdr 1.5 Bath
Price/Unit: $587,500 1 1 Bdr 1 Bath
Price/SF: $583.27
CAP Rate: 2.12%
GRM: 23.98
Total No. of Units: 4
Year Built: 1977
NOTES
Large 3 bedroom/2 bathrooms unit with a wood-burning fireplace and a
large private patio with a 2-car garage.
505 HOPE TER505 Hope Ter, Sunnyvale, CA, 94087
Units Unit Type
Close Of Escrow: 10/19/2018 1 3 Bdr 2 Bath
Sales Price: $2,300,063 2 2 Bdr 1.5 Bath
Price/Unit: $575,016 1 2 Bdr 2 Bath
Price/SF: $600.38
CAP Rate: 2.13%
GRM: 26.80
Total No. of Units: 4
Year Built: 1973
3
NOTES
Each unit has kitchen w eating area appliance's inc including refrigerators,
dishwashers, stoves and ovens all units have fireplaces and air
conditioning. Each unit has enclosed garage with storage.
235 WASHINGTON ST235 Washington St, Santa Clara, CA, 95050
1673 Whitwood Lane
PROPERTY NAME
MARKETING TEAMSALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
19
SALES COMPARABLES
Units Unit Type
Close Of Escrow: 6/8/2018 1 3 Bdr 2 Bath
Sales Price: $2,300,000 2 2 Bdr 1 Bath
Price/Unit: $575,000 1 2 Bdr 2 Bath
Price/SF: $684.73
CAP Rate: 2.38%
GRM: 24.23
Total No. of Units: 4
Year Built: 1961
4
62 KIM LOUISE DRIVE62 Kim Louise Dr, Campbell, CA, 95008
5
Units Unit Type
Close Of Escrow: 9/7/2018 2 1 Bdr 1 Bath
Sales Price: $2,225,000 1 3 Bdr 2 Bath
Price/Unit: $556,250 1 2 Bdr 2 Bath
Price/SF: $697.93
CAP Rate: 4.16%
GRM: 16.82
Total No. of Units: 4
Year Built: 1961
105 FULTON ST105 Fulton St, Campbell, CA, 95008
Units Unit Type
Close Of Escrow: 5/15/2019 2 2 Bdr 1 Bath
Sales Price: $2,250,000 2 1 Bdr 1 Bath
Price/Unit: $562,500
Price/SF: $692.31
CAP Rate: 3.47%
GRM: 18.58
Total No. of Units: 4
Year Built: 1962
6
117 WINSLOW CT 117 Winslow Ct , Campbell, CA, 95008
1673 Whitwood Lane
20
MARKET OVERVIEW
1673 Whitwood Lane
MARKET OVERVIEWOVERVIEW
1
Known to the world as Silicon Valley, the San Jose metro is located at
the southern end of the San Francisco Bay and encompasses Santa
Clara and San Benito counties. A large portion of the area’s 1,315
square miles is unincorporated ranch and farmland. The metro contains
more than 2 million inhabitants in 15 cities. More than half of the
region’s residents reside in the city of San Jose. It is the metro’s largest
city with more than 1 million residents, followed by Sunnyvale and
Santa Clara. Venture capital funds received in the 1990s helped to turn
the area into the world’s most prominent technology hub, a distinction
that remains today.
MARKET OVERVIEW
METRO HIGHLIGHTS
PREMIER HIGH-TECH CENTER
Silicon Valley’s dense concentration of high-tech jobs is
world renowned, attracting a variety of large employers
and startups.
HIGH INCOMES
Well-paying jobs in the tech sector contribute to a
median annual household income level that is almost
double the U.S. median.
HIGHLY EDUCATED WORKFORCE
Nearly half of all residents age 25 and older have
obtained at least a bachelor’s degree, well above the
U.S. average.
50, 62, 72, 84, 96, 108 KIM LOUISE DRIVE
42
Market Overview
1673 Whitwood Lane
ECONOMY▪ The San Jose employment base contains more than 1 million workers, ranking the metro as
one of the 30 largest job markets in the nation.
▪ There are various Fortune 500 companies headquartered in San Jose MSA, including Intel,
Cisco Systems, Apple Inc., eBay and Google Inc.
▪ The area’s many institutions of higher learning, including Stanford, San Jose State and
Santa Clara University, support these companies by graduating thousands of engineering
and computer science students.
SHARE OF 2017 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Cisco Systems
County of Santa Clara
Adobe Systems Inc
Hewlett-Packard Co.
City of San Jose
Intel Corp
eBay
US Veterans Medical Center
San Jose State University
Apple* Forecast
2
MANUFACTURING
15%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+OTHER SERVICES
2%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
12%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
7%INFORMATION
21%
5%
9% 10% 3%
15%
50, 62, 72, 84, 96, 108 KIM LOUISE DRIVE
Market Overview
43
1673 Whitwood Lane
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
▪ The metro is expected to add approximately 36,000 people through 2022 and
during this time more than 25,000 households will be formed.
▪ High home prices contribute to a homeownership rate of 56 percent, which is
below the national rate of 64 percent.
▪ Nearly 47 percent of residents age 25 and older hold a bachelor’s degree,
including 21 percent who have also obtained a graduate or professional degree.
The San Jose metro has an enviable combination of major universities that produces a
highly educated workforce, cutting-edge firms and exceptional affluence. Residents can
visit a plethora of museums including the San Jose Museum of Art and the Tech
Museum of Innovation. Santa Clara County is home to performing arts companies and
hosts the San Jose Jazz Festival. The San Francisco 49ers play their home games at
Levi’s Stadium and the San Jose Sharks hockey team plays at the SAP Center. Other
sports venues include the San Jose Municipal Stadium and Buck Shaw Stadium. The
metro is a brief drive away from San Francisco and some of the world’s finest wine-
producing regions, notably the Napa, Sonoma and Alexander valleys.
QUALITY OF LIFE
3
2017 Population by Age
0-4 YEARS
6%5-19 YEARS
19%20-24 YEARS
6%25-44 YEARS
30%45-64 YEARS
26%65+ YEARS
12%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
50, 62, 72, 84, 96, 108 KIM LOUISE DRIVE
37.1
2017MEDIAN AGE:
U.S. Median:
37.8
$105,300
2017 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$56,300
2M
2017POPULATION:
Growth2017-2022*:
1.8%
678K
2017HOUSEHOLDS:
3.7%
Growth2017-2022*:
Market Overview
44
1673 Whitwood Lane
PROPERTY NAME
MARKETING TEAMDemographics
Source: © 2017 Experian
Created on March 2018
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Population 28,025 209,013 509,874
▪ 2017 Estimate
Total Population 27,606 206,747 503,457
▪ 2010 Census
Total Population 26,501 196,550 473,635
▪ 2000 Census
Total Population 27,310 190,960 455,245
▪ Daytime Population
2017 Estimate 18,284 181,410 490,403
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Households 10,349 81,321 196,503
▪ 2017 Estimate
Total Households 10,083 79,649 192,292
Average (Mean) Household Size 2.71 2.56 2.57
▪ 2010 Census
Total Households 9,620 75,032 179,049
▪ 2000 Census
Total Households 9,990 73,406 174,562
Growth 2015-2020 2.64% 2.10% 2.19%
HOUSING UNITS 1 Miles 3 Miles 5 Miles
▪ Occupied Units
2022 Projection 10,349 81,321 196,503
2017 Estimate 10,102 79,926 193,424
Owner Occupied 5,941 42,576 107,661
Renter Occupied 4,142 37,073 84,631
Vacant 19 278 1,132
▪ Persons In Units
2017 Estimate Total Occupied Units 10,083 79,649 192,292
1 Person Units 22.93% 26.61% 26.19%
2 Person Units 29.26% 30.82% 30.80%
3 Person Units 18.96% 17.41% 17.58%
4 Person Units 18.01% 15.89% 16.31%
5 Person Units 7.00% 5.85% 5.79%
6+ Person Units 3.84% 3.41% 3.33%
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2017 Estimate
$200,000 or More 17.94% 20.16% 21.33%
$150,000 - $199,000 14.47% 12.60% 13.72%
$100,000 - $149,000 21.20% 20.39% 20.76%
$75,000 - $99,999 10.82% 10.55% 9.56%
$50,000 - $74,999 12.49% 11.69% 11.43%
$35,000 - $49,999 8.66% 8.21% 7.56%
$25,000 - $34,999 4.70% 5.15% 4.85%
$15,000 - $24,999 4.55% 4.90% 4.88%
Under $15,000 5.16% 6.35% 5.91%
Average Household Income $144,483 $151,338 $157,024
Median Household Income $108,147 $106,943 $112,402
Per Capita Income $52,824 $58,434 $60,179
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population By Age
2017 Estimate Total Population 27,606 206,747 503,457
Under 20 24.45% 23.70% 24.14%
20 to 34 Years 18.09% 19.95% 19.11%
35 to 39 Years 7.30% 7.09% 7.01%
40 to 49 Years 16.04% 15.47% 15.55%
50 to 64 Years 21.13% 20.10% 20.28%
Age 65+ 13.00% 13.68% 13.87%
Median Age 40.10 39.49 39.80
▪ Population 25+ by Education Level
2017 Estimate Population Age 25+ 19,379 146,612 354,032
Elementary (0-8) 2.40% 2.43% 2.31%
Some High School (9-11) 3.97% 3.91% 3.90%
High School Graduate (12) 14.16% 13.73% 12.98%
Some College (13-15) 21.59% 17.87% 17.38%
Associate Degree Only 10.59% 7.85% 7.21%
Bachelors Degree Only 27.49% 29.78% 30.48%
Graduate Degree 18.58% 23.47% 24.73%
▪ Population by Gender
2017 Estimate Total Population 27,606 206,747 503,457
Male Population 49.74% 49.52% 49.58%
Female Population 50.26% 50.48% 50.42%
24
1673 Whitwood Lane
Income
In 2017, the median household income for your selected geography is
$108,147, compare this to the US average which is currently $56,286.
The median household income for your area has changed by 47.57%
since 2000. It is estimated that the median household income in your
area will be $133,111 five years from now, which represents a change
of 23.08% from the current year.
The current year per capita income in your area is $52,824, compare
this to the US average, which is $30,982. The current year average
household income in your area is $144,483, compare this to the US
average which is $81,217.
Population
In 2017, the population in your selected geography is 27,606. The
population has changed by 1.08% since 2000. It is estimated that the
population in your area will be 28,025.00 five years from now, which
represents a change of 1.52% from the current year. The current
population is 49.74% male and 50.26% female. The median age of the
population in your area is 40.10, compare this to the US average
which is 37.83. The population density in your area is 8,779.68 people
per square mile.
Households
There are currently 10,083 households in your selected geography.
The number of households has changed by 0.93% since 2000. It is
estimated that the number of households in your area will be 10,349
five years from now, which represents a change of 2.64% from the
current year. The average household size in your area is 2.71
persons.
Employment
In 2017, there are 5,750 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
73.52% of employees are employed in white-collar occupations in this
geography, and 26.54% are employed in blue-collar occupations. In
2017, unemployment in this area is 3.29%. In 2000, the average time
traveled to work was 27.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
56.50% White, 3.12% Black, 0.35% Native American and 27.03%
Asian/Pacific Islander. Compare these to US averages which are:
70.42% White, 12.85% Black, 0.19% Native American and 5.53%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 16.61% of the current year
population in your selected area. Compare this to the US average of
17.88%.
PROPERTY NAME
MARKETING TEAM
Housing
The median housing value in your area was $789,599 in 2017,
compare this to the US average of $193,953. In 2000, there were
5,766 owner occupied housing units in your area and there were 4,224
renter occupied housing units in your area. The median rent at the
time was $1,053.
Source: © 2017 Experian
Demographics
25
1673 Whitwood Lane
www.MarcusMillichap.com
Mitchell Zurich
Senior Vice President Investments
Senior Director - National Multi Housing Group
Palo Alto Office
Tel: (650) 391-1824
Fax: (650) 391-1710
License: CA 01870648
Fred Rubio III
Vice President Investments
Associate Member - National Multi Housing Group
Palo Alto Office
Tel: (650) 391-1734
Fax: (650) 391-1710
License: CA 01984041
P R E S E N T E D B Y
26