offering memorandum - loopnet...mtv networks 3,646 victory studio 2,963 providence holy cross 2,930...

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


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


rentpropertyname1


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


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


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


rentpropertyname1


rentpropertyname1


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/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


Year Built: 1984

3

11230 CAMARILLO ST11230 Camarillo St, North Hollywood, CA, 91602

4

Units Unit Type




Price/SF: $342.75

CAP Rate: 3.39%

GRM: 17.32


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



Price/SF: $403.56

CAP Rate: 3.78%

GRM: 16.33


Year Built: 1984

5

14805 MAGNOLIA BLVD14805 Magnolia Blvd, Sherman Oaks, CA, 91403

PROPERTY NAME

MARKETING TEAM

10911 BLOOMFIELD ST

SALES COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


20

SALES COMPARABLES

Units Unit Type




Price/SF: $370.10

CAP Rate: 2.87%

GRM: 17.16


Year Built: 1986

6

4100 WHITSETT AVE4100 Whitsett Ave, North Hollywood, CA, 91604

7

Units Unit Type




Price/SF: $365.03

CAP Rate: 4.28%

GRM: 15.90


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


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


rentpropertyname1


rentpropertyname1


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


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


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


rentpropertyname1


rentpropertyname1


24

YEAR BUILT: 1964

3


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



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



Total/Avg. 1 $1,395

10926 HORTENSE ST10926 Hortense St, North Hollywood, CA, 91602

PROPERTY NAME

MARKETING TEAM

10911 BLOOMFIELD ST

RENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


25

YEAR BUILT: 1956

6


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


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


▪ 2010 Census


▪ 2000 Census


▪ 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


Average (Mean) Household Size 1.86 2.21 2.25

▪ 2010 Census


▪ 2000 Census


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%

30

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

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10911 BLOOMFIELD ST

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