property - investcore commercial

Exclusively Offered By:

Ed Colson Jr., CCIM 619.546.0121 [email protected] Lic #01382996 | TX Lic #635820

InvestCoreCommercial.com

Historic Professional Office Building836 Washington Street, San Diego, CA 92103

PROPERTY

WASHIN

GTON STREET -

30,821 C

PD

163

163

130,000 CPD

H I L L CRES T

Founded in 1890

410 average daily patients, 199,444

patient visits annually

$108M community benefit annually

UNIVERSITY AVENUE - 25,845 CPD

2 | Historic Professional Office Building - San Diego, CA

InvestCore Commercial presents this Offering which

has been prepared by InvestCore Commercial for use

by a limited number of parties and does not purport

to provide a necessarily complete summary of the

Property or any of the documents related thereto, nor

does it purport to be all-inclusive or to contain all of

the information which prospective investors may need

or desire. All projections have been developed by

InvestCore Commercial, the Owner, and designated

sources and are based upon assumptions relating to

the general economy, competition, and other factors

beyond the control of the Owner and, therefore, are

subject to variation. No representation is made by

InvestCore Commercial or Owner as to the accuracy or

completeness of the information contained herein, and

nothing contained herein is, or shall be relied on as, a

promise or representation as to the future performance

of the Property. Although the information contained

herein is believed to be correct, Owner and its employees

disclaim any responsibility for inaccuracies and expect

prospective purchasers to exercise independent due

diligence in verifying all such information. Further,

InvestCore Commercial, Owner, and its employees

disclaim any and all liability for representations and

warranties, expressed and implied, contained in, or for

omission from, this Investment Offering or any other

written or oral communication transmitted or made

available to the recipient. This Offering does not constitute

a representation that there has been no change in the

business or affairs of the Property or the Owner since

the date of preparation of the package. Analysis and

verification of the information contained in this package

is solely the responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the

Property will be made available upon written request to

interested and qualified prospective investors.

Owner and InvestCore Commercial each expressly

reserve the right, at their sole discretion, to reject any

and all expressions of interest or offers regarding the

Property and/or terminate discussions with any entity

at any time with or without notice. Owner shall have no

legal commitment or obligation to any entity reviewing

this Offering or making an offer to purchase the Property

unless and until a written agreement for the purchase

of the Property has been fully executed, delivered,

and approved by Owner and its legal counsel, and any

conditions to Owner’s obligations thereunder have

been satisfied or waived. InvestCore Commercial is not

authorized to make any representations or agreements

on behalf of Owner.

This Offering and the contents, except such information

which is a matter of public record or is provided in sources

available to the public (such contents as so limited herein

are called the “Contents”), are of a confidential nature.

By accepting the package, you agree (i) to hold and

treat it in the strictest confidence, (ii) not to photocopy or

duplicate it, (iii) not to disclose the package or any of the

contents to any other entity (except to outside advisors

retained by you, if necessary, for your determination of

whether or not to make a proposal and from whom you

have obtained an agreement of confidentiality) without

the prior written authorization of Owner or InvestCore

Commercial, (iv) not use the package or any of the

contents in any fashion or manner detrimental to the

interest of Owner or InvestCore Commercial, and (v) to

return it to InvestCore Commercial immediately upon

request of InvestCore Commercial or Owner.

If you have no further interest in the Property, please

return this Investment Offering forthwith.

OFFERING STATEMENT / DISCLAIMER

InvestCore Commercial, Inc. 3910 W. Point Loma Blvd, Suite B

San Diego, CA 92110

TABLE OF CONTENTS

INVESTMENT SUMMARY 4

Executive Summary

Income and Expense Property and Investment Highlights

PROPERTY DESCRIPTION 9

Subject Property Photos

Site Plan

Photos

Street Map Aerials Sale and Lease Comparables

AREA OVERVIEW 21

About Hillcrest Demographics



INVESTMENT SUMMARY

WASHINGTON S

TREET - 30,8

21 CPD

SUBJECT PROPERTY


Address: 836 Washington Street, San Diego, CA 92103

Building Size: ~1,108 SF

Land Size: ~4,000 SF

Existing Occupancy: 100%

Year Built / Remodeled: 1920 / 1980 / 2000

Assessor’s Parcel Number:

444-560-30-00

Zoning: CC (Commercial—Community) – City of San Diego

Historical Designation:The property is designated a Historical Site by the City of San Diego and State of California.

EXECUTIVE SUMMARY

INVESTMENT SUMMARY

OFFERING PRICE

Price: $665,000

Price PSF: $600


INVESTMENT SUMMARY

Tenants: TBD

Rent Commencement: ~January 1, 2019

Lease Expirations: ~December 31, 2021

Lease Term: 3 Years

Options: Two Five-Year Options

Lease Type: Modified NNN

Rent Increases: 3% Annually

Landlord Respondsibilities:

Landlord shall pay Taxes, Insurance, CAM’s and Utilities direct and reimbursed 100% by Tenants

Net Operating Income: $45,428

Proposed New Tenants*

Number of Tenants: 2

Lease Expirations: Month-to-Month

Options: None

Lease Type: Modified Gross

Landlord Respondsibilities:

Landlord is responsible for Property Taxes and Insurance; CAM’s are included and reimbursed in the rent.

Net Operating Income: $29,022

Existing Tenants*

*DO NOT DISTURB EXISTING TENANTS

PROFORMA RETURN

Cap Rate: 6.83%

Price: $665,000

INVESTMENT ACQUISITION SCENARIO

* Please refer to the Financial Analysis section for an Income and Expense breakdown on Page 7 for more details on existing and proforma assumptions** NOI based upon new leases at market rents and terms. Existing NOI is approximately $29,022.


INVESTMENT SUMMARY

INCOME AND EXPENSEEXISTING PROFORMA

Monthly Annual Monthly Annual

INCOME

Rent $2,900 $34,800 $3,785.67 $45,428

Expense Reimbursements

Property Taxes $- $- $261 $3,128

Insurance $- $- $95 $1,140

CAM’s $- $- $158 $1,900

GROSS INCOME $2,900 $34,800 $4,300 $51,596

EXPENSES

Property Taxes (1) $(261) $(3,128) $(261) $(3,128)

Insurance $(200) $(2,400) $(95) $(1,140)

CAM’s

HVAC $(21) $(250) $(8) $(100)

Landscaping $- $- $- $-

Repairs & Maintenance $- $- $- $-

Utilities (2) $- $- $(150) $(1,800)

Other?

Total CAM’s $(21) $(250) $(158) $(1,900)

TOTAL EXPENSES $(482) $(5,778) $(514) $(6,168)

NET INCOME $2,419 $29,022 $3,786 $45,428

1. Property taxes to be reassessed upon sale, but benefit from a reduction due to the Mills Act (historical designation). Actual amount to be confirmed by buyer. 2. One meter on the property, so Utilities paid for by LL and included into rent 3. Existing leases currently on a month to month basis. The NOI can be increased by increasing rents to market and signing new NNN leases.


PROPERTY AND INVESTMENT HIGHLIGHTS

Centrally Located in San Diego

• San Diego International Airport: 3.7 miles

• Gaslamp Quarter (Downtown San Diego): 3 miles

• San Diego Convention Center: 3.7 miles

• San Diego State University: 7.5 miles

• US/Mexico Border: 19.0 miles

Strong Demographics

• Densely populated area of San Diego with 549,161 people in the 5-mile radius

• Average household incomes in the immediate trade area of $85,299

High Traffic Counts

• Highway 163: 130,000 cars per day

• Washington Street: 30,821 cars per day

Access to Multiple Freeways

• The subject property benefits from its ideal location off Highway 163, a major North/South freeway that feeds to Interstates 8,5, 805, 15 and Highway 52.

Attractive Location Near Heart of Hillcrest

• The property is just 4 blocks east of 5th Avenue, the main retail thoroughfare, including 24 Hour Fitness, Urban Outfitters, Starbucks, Rite Aid, Walgreens, Snooze Restaurant, Lemonade, Landmark Cinemas and many other popular restaurants/shops.

Rare Professional Office Opportunity for Owner / User

• Ability for lawyer, doctor, real estate office or many other professionals to own their office building.

• Benefit from the appreciation and wealth creation from owning the underlying real estate.

• Attractive SBA financing available – see enclosed Section with loan scenarios and debt quotes through Wells Fargo.

Proximity to Major Regional Hospital - Medical Office Potential

• Scripps Mercy Hospital, one of the largest and most prominent in San Diego County, is only a few blocks west of the property supporting a number of private medical offices in the immediate surrounding trade area.

Low Price Point for Investor or Owner/User

• Rare opportunity to invest in San Diego office building under $1M.

INVESTMENT SUMMARY


PROPERTY DESCRIPTION


SUBJECT PROPERTY PHOTOS



FLOOR PLAN


(E) 3

06

0 D

H.

(E) 2660 DH.

(E) 1630CMT.

(E) 1630CMT.

(E) 3

06

0 D

H.

(E) 3

06

0 D

H.

(E) 1630

CM

T.

(E) 1630

CM

T.

(E) 3

04

6 D

H.

(E) 2030 CMT.

(E) 2030

CM

T.

(E) 2

660

DH.(E) 2660 DH.

(E) 3

06

0 D

H. (E) 3

06

0 D

H.

(E) 3060 DH. (E) 3060 DH.

(E) 3060 DH. (E) 3060 DH.

(E) 3060 DH. (E) 3060 DH.

(E) 2870

(E) 2868

(E) 2870

(E) 2869

(E) 2668

(E) 2668

(E) 2667

(E) 3066

(E) 2668

(E) 3060 DH. (E) 3060 DH.

(E) 2666

(E) 2

86

3 P

KT.

(E) 2

86

3 P

KT.

(E) ENTRY (E) OFFICE 1

(E) H

ALLW

AY

(E) WATER HEATER30 GAL. N. GAS. TYP.

(E) 2468

(E) PORCH ROOF OVERHANG (EAVES).

DOWN:3 STEPS,4 RISES.

(+30-1/2")

(E) STORAGE (E) ROOF OVERHANG (EAVES).

(9' 6" HI CEILING)

(E) OFFICE 2(9' 6" HI CEILING)

(E) OFFICE 4(7' 7-1/4" HI CEILING)




(7' 7-1/4" HI CEILING)

(9' 6

" H

I CE

ILIN

G)


(E) RESTROOM

(E) GAS METER

(E) BREAKER PANEL:(100 AMP MAIN.)

(E) COVERED PORCH(WOOD FLOORING)

(E) 4X4 POSTS (X2):SUPPORTING PORCH ROOFABOVE, AND WITH WOODGUARD RAILING BETWEEN.

(E) CABINET WITHI.C./D.S.L. WITHIN.

(CONDITIONED SPACE)

(E) CUSTOM WOOD PANELEDWALL/PARTITION (FLR. TO CLG.):W/ TWO 2863 OPPOSING POCKETDRS., AND THREE FX. GLAZING ABOVEAND ON CENTER (31028/6028/31028).

(E) F.P.(E) HEARTH

(E) STAIRWELL SOFFIT.

DOWN:15 STEPS, 16 RISESTO FIRST FLOOR.(8-1/2" RU, 7-1/2" RI)

(E) 37-1/2" HI WOODGUARDRAIL.

(E) HORIZONTAL H.V.A.C. CHASE:LOCATED BELOW REAR WINDOWS.

(E) LINE OF FIRST FLOOR BELOW.


(E) H.V.A.C. CHASE.

(E) SOFFIT: W/ RECESSEDLIGHTING B/T THE SOFFITAND HEADER.

(E) ROOF OVERHANG (EAVES).


(E) 2814 FX.:ABOVE DOOR.

A/C

(E) A/C AND DUCTINGTO THE HVAC CHASE.

(E) 21068

(E) 21068

(E) 2

43

0 C

MT.

(E) 2

43

0 C

MT.

(E) 2

1068

(E) 2

1068

(E) STORAGE

(E) STORAGE

DOWN:7 STEPS, 8 RISES.(9" RU, 7-1/2" RI)

(E) 6' HI WOOD FENCE.


4' HI WOOD FENCE.

(E) WATER METER

(E) SIDEWALK

(E) DRIVEWAY

(E) CURB

(BRICK SURFACE)

(E) C.M.U. RETAINING WALL.

DOWN

(E) 2nd FLOOR PLAN

NOTES & OBSERVATIONS:

TWO BRONZE PLAQUES: On the exteriorwall, and to left of front door reads as follows:(1) "This property has been placed on the National Register of Historical Places by U.S. Department of the Interior."(2) "Historical Site No. 134, 1896, San Diego"

UTILITIES: - WATER HEATER: Its rating label was covered up by the earthquake strapping, and therefore was not determinable.

INTERIOR: - DOORS: (1) All varied in height, they were annotated to the next higher nearest whole inch. (2) Two front entry doors: The one that enters the hallway was meas. for width and height, the other going to office-1 was meas. for width but not height. Being of the same style as the other, it was also annotated at a 7/0. - OFFICES: Were annotated as 1, 2, 3, etc. on the drawing, although, they were actually labeled as A, B, C, etc. on the doors, however, that was not written down. Therefore they annotated numerically.-WALLS: Varied in thickness from 3.5"

to 11.0". See note on office-2 wall/partition. -STORAGE ROOM: Attached to the house has a floor register, and is a "conditioned" space.

EXTERIOR:RIGHT SIDE: STORAGE SHEDS (X2): In the drive way, both were locked shut, but appeared to be of studded construction, and therefore rendered as such.BACK: - FENCE LINE: Is near top of one of three retaining walls that are located behind the fence line. There are three tiered levels behind the rear fence line. The rendered stairs go down to the first tier. Whereas the bottom tier has another storage shed with dimensions of 97" wide x 190" long.FRONT: - SIDEWALK AND CURB: May have a slight curve to them, but was rendered straight. - ROAD: Is four lanes with additional parallel parking on each side. The road also has a small curbed divider b/t east and west bound traffic. The centerline rendered was to the center of the curbed divider. - MARKERS: None were found.LEFTSIDE: -A/C: Its associated ducting was rendered which goes underneath and up into the hvac chase. ALSO: See note on 2nd flr. "horizontal chase".

(E) WASHINGTON STREET

(E) 3

06

0 D

H.

(E) 2660 DH.

(E) 1630CMT.

(E) 1630CMT.

(E) 3

06

0 D

H.

(E) 3

06

0 D

H.

(E) 1630

CM

T.

(E) 1630

CM

T.

(E) 3

04

6 D

H.

(E) 2030 CMT.

(E) 2030

CM

T.

(E) 2

660

DH.(E) 2660 DH.

(E) 3

06

0 D

H. (E) 3

06

0 D

H.

(E) 3060 DH. (E) 3060 DH.

(E) 3060 DH. (E) 3060 DH.

(E) 3060 DH. (E) 3060 DH.

(E) 2870

(E) 2868

(E) 2870

(E) 2869

(E) 2668

(E) 2668

(E) 2667

(E) 3066

(E) 2668

(E) 3060 DH. (E) 3060 DH.

(E) 2666

(E) 2

86

3 P

KT.

(E) 2

86

3 P

KT.

(E) ENTRY (E) OFFICE 1

(E) H

ALLW

AY

(E) WATER HEATER30 GAL. N. GAS. TYP.

(E) 2468

(E) PORCH ROOF OVERHANG (EAVES).

DOWN:3 STEPS,4 RISES.

(+30-1/2")

(E) STORAGE (E) ROOF OVERHANG (EAVES).

(9' 6" HI CEILING)







(9' 6

" H

I CE

ILIN

G)


(E) RESTROOM

(E) GAS METER

(E) BREAKER PANEL:(100 AMP MAIN.)

(E) COVERED PORCH(WOOD FLOORING)

(E) 4X4 POSTS (X2):SUPPORTING PORCH ROOFABOVE, AND WITH WOODGUARD RAILING BETWEEN.

(E) CABINET WITHI.C./D.S.L. WITHIN.

(CONDITIONED SPACE)

(E) CUSTOM WOOD PANELEDWALL/PARTITION (FLR. TO CLG.):W/ TWO 2863 OPPOSING POCKETDRS., AND THREE FX. GLAZING ABOVEAND ON CENTER (31028/6028/31028).

(E) F.P.(E) HEARTH

(E) STAIRWELL SOFFIT.

DOWN:15 STEPS, 16 RISESTO FIRST FLOOR.(8-1/2" RU, 7-1/2" RI)

(E) 37-1/2" HI WOODGUARDRAIL.

(E) HORIZONTAL H.V.A.C. CHASE:LOCATED BELOW REAR WINDOWS.



(E) H.V.A.C. CHASE.

(E) SOFFIT: W/ RECESSEDLIGHTING B/T THE SOFFITAND HEADER.



(E) 2814 FX.:ABOVE DOOR.

A/C

(E) A/C AND DUCTINGTO THE HVAC CHASE.

(E) 21068

(E) 21068

(E) 2

43

0 C

MT.

(E) 2

43

0 C

MT.

(E) 2

1068

(E) 2

1068

(E) STORAGE

(E) STORAGE

DOWN:7 STEPS, 8 RISES.(9" RU, 7-1/2" RI)



4' HI WOOD FENCE.

(E) WATER METER

(E) SIDEWALK

(E) DRIVEWAY

(E) CURB

(BRICK SURFACE)

(E) C.M.U. RETAINING WALL.

DOWN

(E) 2nd FLOOR PLAN

NOTES & OBSERVATIONS:

TWO BRONZE PLAQUES: On the exteriorwall, and to left of front door reads as follows:(1) "This property has been placed on the National Register of Historical Places by U.S. Department of the Interior."(2) "Historical Site No. 134, 1896, San Diego"

UTILITIES: - WATER HEATER: Its rating label was covered up by the earthquake strapping, and therefore was not determinable.

INTERIOR: - DOORS: (1) All varied in height, they were annotated to the next higher nearest whole inch. (2) Two front entry doors: The one that enters the hallway was meas. for width and height, the other going to office-1 was meas. for width but not height. Being of the same style as the other, it was also annotated at a 7/0. - OFFICES: Were annotated as 1, 2, 3, etc. on the drawing, although, they were actually labeled as A, B, C, etc. on the doors, however, that was not written down. Therefore they annotated numerically.-WALLS: Varied in thickness from 3.5"

to 11.0". See note on office-2 wall/partition. -STORAGE ROOM: Attached to the house has a floor register, and is a "conditioned" space.

EXTERIOR:RIGHT SIDE: STORAGE SHEDS (X2): In the drive way, both were locked shut, but appeared to be of studded construction, and therefore rendered as such.BACK: - FENCE LINE: Is near top of one of three retaining walls that are located behind the fence line. There are three tiered levels behind the rear fence line. The rendered stairs go down to the first tier. Whereas the bottom tier has another storage shed with dimensions of 97" wide x 190" long.FRONT: - SIDEWALK AND CURB: May have a slight curve to them, but was rendered straight. - ROAD: Is four lanes with additional parallel parking on each side. The road also has a small curbed divider b/t east and west bound traffic. The centerline rendered was to the center of the curbed divider. - MARKERS: None were found.LEFTSIDE: -A/C: Its associated ducting was rendered which goes underneath and up into the hvac chase. ALSO: See note on 2nd flr. "horizontal chase".

(E) WASHINGTON STREET

First Floor Second Floor


PHOTOS - DOWNSTAIRS INTERIOR


Hallway

Bathroom

Break Room Office A

Office C Office B


PHOTOS - UPSTAIRS INTERIOR


Office D Upstairs Great Room E


PHOTOS - STORAGE


Driveway Storage - Exterior Outdoor Storage - Interior

Driveway Storage - Interior Outdoor Storage - Exterior



STREET MAP



AERIAL - NORTH OF PROPERTY

Riverwalk Golf Club

Old Town San Diego

8

163

Fashion Valley Mall

Westfield Mission Valley

210,000 CPD

130

,00

0 C

PD

Totel Enrollment: 8,905 Students

199,444 Annual Patient Visits2,700 Employees1,200 Physicians

PROPERTY



AERIAL - SOUTH OF PROPERTY

San Diego International Airport

Over 20 million travelers per year

Downtown

Hillcrest

Petco Park

Coronado

8210,000 CPD

23

5,6

00

CP

D

Approximately 4 million visitors annually

PROPERTY



AERIAL - TRADE AREA

WASHINGTON ST. 30,821 CPD

UNIVERSITY AVE.

9T

H A

VE

.

8T

H A

VE

.

5T

H A

VE

.

4T

H A

VE

.

3R

D A

VE

.

163

130,0

00

CP

D

PROPERTY

H I L L CRES T



SALE COMPARABLES

Property Address City State Sale Date Sale Price Bldg SF Price Per SF Land Area SF PropertyType Year Built836 Washington Street (Subject) San Diego CA Available $665,000 1,108 $600 4,000 Office 19203975 Front St San Diego CA 5/1/18 $880,000 1,450 $607 4,791 Office 19202200 El Cajon Blvd San Diego CA 3/23/18 $900,000 950 $947 2,247 Retail4247 Hamilton St San Diego CA 2/1/18 $650,000 958 $679 1,742 Office 1941222 W Washington St San Diego CA 11/29/17 $979,000 1,016 $964 Retail3853 8th Ave San Diego CA 3/24/17 $600,000 1,066 $563 3,624 Retail 20083265 India St San Diego CA 11/30/16 $1,100,000 993 $1,108 5,000 Retail1144 30th St San Diego CA 9/7/16 $1,084,000 1,441 $752 14,000 Specialty 20112260 El Cajon Blvd San Diego CA 9/2/16 $775,000 1,089 $712 5,000 Retail 19234153 1st Ave San Diego CA 3/17/16 $767,500 1,421 $540 3,998 Office 19203627 30th St San Diego CA Available $1,190,000 1,350 $881 4,791 Office 19133019 Polk Ave San Diego CA Available $975,000 1,170 $833 3,484 Office 19482540 Congress St San Diego CA Available $875,000 1,170 $748 5,000 Retail 1919329 Pennsylvania Ave San Diego CA In Escrow $649,000 1,066 $609 2,199 Office 1907

AVERAGE $878,808 1,165 $765 4,656

1

2

3

4

5

6

1

23

4

5

6

7

8

9

10

7

8

9

10

11

12

13

1112

13



LEASE COMPARABLES

Property Address City State Zip Code Property Type Lease Start Date Rentable Area (SF) Rent PSF Taxes PSF LEASE COMPS

836 Washington Street (Subject) San Diego CA 92103 Office / Retail Class B 8/1/18 1,108 $41.00 $2.82 273 B Street San Diego CA 92102 Office Class C 2/1/18 1,000 $36.00 $9.85 4610 30th Street San Diego CA 92116 Office Class C 4/1/17 1,134 $42.33 $2.47 3425 5th Avenue San Diego CA 92103 Office/ Retail Class B 4/1/17 1,050 $42.00 N/A 3242 - 3246 Adams Avenue San Diego CA 92116 Office Class C 4/1/17 517 $43.20 $5.34 3242 - 3246 Adams Avenue San Diego CA 92116 Office Class C 1/1/17 469 $46.08 $5.34

AVERAGE $41.92

1

2

3

4

5

SUBJECT PROPERTY

1

2

3

4

5


AREA OVERVIEW

WASHIN

GTON STREET -

30,821 C

PD


AREA OVERVIEW

Located on the coast of the Pacific Ocean in Southern California, San Diego is widely known as “America’s Finest City.” Famous for its miles and miles of white-sand beaches and amazing weather, the city offers an abundance of fun attractions for visitors of all ages.

Boasting a citywide population of more than 1.3 million and more than 3 million residents countywide, San Diego is California’s second largest city and the United States’ eighth largest. San Diego County is made up of 18 incorporate cities and towns along with other charismatic neighborhoods and communities, such as Carlsbad, Coronado, Del Mar, Downtown San Diego’s Gaslamp Quarter, Point Loma, Chula Vista, Old Town, La Jolla, and North Park.

Another attraction of San Diego is its immediacy to Mexico. Because they share an international border, Tijuana

and San Diego are grouped together as an international metropolitan area. Many visitors make their way south to enjoy luxury spas, beachfront resorts, golf courses, multicultural festivals and celebrations, colorful neighborhoods, and the nightlife.

San Diego’s economy primarily evolves are military, tourism, research and manufacturing, and biotechnology. San Diego has been heavily involved in military and defense since the days of World War II, and it currently hosts the largest naval fleet in the world. Tourism is also a major industry in the city. Annually, the city hosts more than 30 million visitors. The city is also home to several major producers of wireless cellular technology, such as Qualcomm and LG Electronics. Because of UCSD and other research institutions, biotechnology & life science has made a large presence in the county. There are more than 400 biotechnology companies in the region alone.

ABOUT SAN DIEGO


AREA OVERVIEW

DEMOGRAPHICSExecutive SummaryHistoric Office Bldg. Prepared By Ed Colson Jr., CCIM836 Washington St, San Diego, California, 92103 Latitude: 32.75040Rings: 1, 3, 5 mile radii Longitude: -117.15662

1 mile 3 miles 5 milesPopulation

2000 Population 29,031 208,011 497,3062010 Population 29,902 218,763 512,3412017 Population 32,329 238,659 549,1612022 Population 34,031 251,085 573,9812000-2010 Annual Rate 0.30% 0.51% 0.30%2010-2017 Annual Rate 1.08% 1.21% 0.96%2017-2022 Annual Rate 1.03% 1.02% 0.89%2017 Male Population 52.0% 53.0% 52.2%2017 Female Population 48.0% 47.0% 47.8%2017 Median Age 39.2 35.8 33.8

In the identified area, the current year population is 549,161. In 2010, the Census count in the area was 512,341. The rate of change since 2010 was 0.96% annually. The five-year projection for the population in the area is 573,981 representing a change of 0.89% annually from 2017 to 2022. Currently, the population is 52.2% male and 47.8% female.

Median Age

The median age in this area is 39.2, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 75.1% 62.7% 56.9%2017 Black Alone 4.7% 7.5% 8.7%2017 American Indian/Alaska Native Alone 0.6% 0.8% 0.8%2017 Asian Alone 7.4% 8.9% 10.2%2017 Pacific Islander Alone 0.4% 0.4% 0.4%2017 Other Race 6.6% 14.1% 17.4%2017 Two or More Races 5.1% 5.6% 5.5%2017 Hispanic Origin (Any Race) 19.9% 31.6% 36.5%

Persons of Hispanic origin represent 36.5% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 81.6 in the identified area, compared to 64.0 for the U.S. as a whole.

Households2000 Households 17,646 92,441 190,1952010 Households 17,915 103,657 202,3682017 Total Households 19,254 113,607 217,3902022 Total Households 20,227 119,976 227,8062000-2010 Annual Rate 0.15% 1.15% 0.62%2010-2017 Annual Rate 1.00% 1.27% 0.99%2017-2022 Annual Rate 0.99% 1.10% 0.94%2017 Average Household Size 1.64 1.97 2.37

The household count in this area has changed from 202,368 in 2010 to 217,390 in the current year, a change of 0.99% annually. The five-year projection of households is 227,806, a change of 0.94% annually from the current year total. Average household size is currently 2.37, compared to 2.37 in the year 2010. The number of families in the current year is 105,971 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

February 15, 2018

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AREA OVERVIEW

DEMOGRAPHICSExecutive SummaryHistoric Office Bldg. Prepared By Ed Colson Jr., CCIM836 Washington St, San Diego, California, 92103 Latitude: 32.75040Rings: 1, 3, 5 mile radii Longitude: -117.15662

1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $61,093 $55,304 $53,6142022 Median Household Income $75,772 $65,422 $60,3742017-2022 Annual Rate 4.40% 3.42% 2.40%

Average Household Income

2017 Average Household Income $85,299 $81,297 $78,7622022 Average Household Income $103,411 $97,286 $92,0892017-2022 Annual Rate 3.93% 3.66% 3.18%

Per Capita Income2017 Per Capita Income $50,947 $39,966 $32,9002022 Per Capita Income $61,445 $47,583 $38,2022017-2022 Annual Rate 3.82% 3.55% 3.03%

Households by IncomeCurrent median household income is $53,614 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $60,374 in five years, compared to $62,316 for all U.S. households

Current average household income is $78,762 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $92,089 in five years, compared to $91,585 for all U.S. households

Current per capita income is $32,900 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $38,202 in five years, compared to $34,828 for all U.S. households Housing

2000 Total Housing Units 18,310 97,109 198,6902000 Owner Occupied Housing Units 4,181 25,678 66,5482000 Renter Occupied Housing Units 13,465 66,763 123,6472000 Vacant Housing Units 664 4,668 8,495

2010 Total Housing Units 19,116 113,914 219,3452010 Owner Occupied Housing Units 4,680 30,956 70,7072010 Renter Occupied Housing Units 13,235 72,701 131,6612010 Vacant Housing Units 1,201 10,257 16,977



Currently, 30.9% of the 232,629 housing units in the area are owner occupied; 62.5%, renter occupied; and 6.6% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 219,345 housing units in the area - 32.2% owner occupied, 60.0% renter occupied, and 7.7% vacant. The annual rate of change in housing units since 2010 is 2.65%. Median home value in the area is $489,145, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 3.62% annually to $584,252.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

February 15, 2018

©2018 Esri Page 2 of 2

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