55 Residential Units | Prime Koreatown

Multifamily
Investment
Offering
Presented By:
Janet D. Neman
Senior Managing Director
License # 01069127
jneman@charlesdunn.com
Direct: (310) 996-2210
Charles Dunn Company
License # 01201641
1925 Century Park East, Suite 2350
Los Angeles, CA 90067
Direct: (310) 312-1800
Fax: (310) 312-1801
www.charlesdunn.com
55 Residential Units | Prime Koreatown
3715 West 1st Street, Los Angeles, CA 90004
1
3715 West 1st Street, Los Angeles, CA 90004
Confidentiality Agreement
This is a confidential Memorandum intended
solely for your limited use and benefit in
determining whether you desire to express further
interest in the acquisition of the Property.
PRESENTED BY:
JANET D. NEMAN
Senior Managing Director
License # 01069127
jneman@charlesdunn.com
Direct: 310.996.2210
CHARLES DUNN COMPANY
License # 01201641
1925 Century Park East, Suite 2350
Los Angeles, CA 90067
Direct: (310) 312-1800
Fax: (310) 312-1801
DISCLOSURE: Listing Agent, Janet Neman has a
beneficial interest in the Property and will benefit
financially as a principal and broker in the sale of
the Property.
This Memorandum contains selected information
pertaining to the Property and does not purport to
be a representation of the state of affairs of the
Property or the owner of the Property (the
“Owner”), to be all-inclusive or to contain all or
part of the information which prospective
investors may require to evaluate a purchase of
real property. All financial projections and
information are provided for general reference
purposes only and are based on assumptions
relating to the general economy, market
conditions, competition and other factors beyond
the control of the Owner and Charles Dunn
Company, Inc. Therefore, all projections,
assumptions and other information provided and
made herein are subject to material variation. All
references to acreages, square footages, and
other measurements are approximations.
Additional information and an opportunity to
inspect the Property will be made available to
interested and qualified prospective purchasers.
In this Memorandum, certain documents,
including leases and other materials, are
described in summary form. These summaries do
not purport to be complete nor necessarily
accurate descriptions of the full agreements
referenced. Interested parties are expected to
review all such summaries and other documents
of whatever nature independently and not rely on
the contents of this Memorandum in any manner.
Neither the Owner nor Charles Dunn Company,
Inc, nor any of their respective directors, officers,
Affiliates or representatives make any
representation or warranty, expressed or implied,
as to the accuracy or completeness of this
Memorandum or any of its contents, and no legal
commitment or obligation shall arise by reason of
your receipt of this Memorandum or use of its
contents; and you are to rely solely on your
investigations and inspections of the Property in
evaluating a possible purchase of the Property.
The Owner expressly reserves the right, at its
sole discretion, to reject any or all expressions of
interest or offers to purchase the Property, and/or
to terminate discussions with any entity at any
time with or without notice which may arise as a
result of review of this Memorandum. The Owner
shall have no legal commitment or obligation to
any entity reviewing this Memorandum or making
an offer to purchase the Property unless and until
written agreement(s) for the purchase of the
Property have been fully executed, delivered and
approved by the Owner and any conditions to the
Owner’s obligations therein have been satisfied
or waived.
By receipt of this Memorandum, you agree that
this Memorandum and its contents are of a
confidential nature, that you will hold and treat it
in the strictest confidence and that you will not
disclose this Memorandum or any of its contents
to any other entity without the prior written
authorization of the Owner or Charles Dunn
Company, Inc. You also agree that you will not
use this Memorandum or any of its contents in
any manner detrimental to the interest of the
Owner or Charles Dunn Company, Inc.
If after reviewing this Memorandum, you have no
further interest in purchasing the Property, kindly
return this Memorandum to Charles Dunn
Company, Inc.
3715 West 1st Street, Los Angeles, CA 90004
Table of Contents
4
7
13
Portfolio
Overview
Financial
Overview
Property
Photos
5
Executive
Summary
8
Financial Overview
14
Exterior Photos
9
Rent Roll
15
Common Areas
10
16
Unit Renovation
6
The Offering
Property
Maps
11
Regional &
Neighborhood
Map
19
Market
Overview
20
Market Overview
24
Demographics
25
Contact
Information
26
Contact
Information
12
Plat & Aerial Maps
These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by the Charles Dunn Company or its personnel, and all interested
parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified
property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale,
change in price, or withdrawal from the market without notice. Charles Dunn Company 800 West 6th Street, 5th Fl, Los Angeles, CA 90017 Lic. # 01201641
4
Property Overview
3715 West 1st Street, Los Angeles, CA 90004
5
Executive Summary
Charles Dunn Company has been exclusively retained by the owner in connection with
the sale of 3715 West 1st Street, a 55-unit apartment building located in the Koreatown
neighborhood of Los Angeles. The offering represents an opportunity to acquire a 1927
art-deco building that has minimal deferred maintenance. The Subject Property has
recently undergone extensive interior renovations, including complete renovation to
approximately 36% of the units. This offering provides an excellent opportunity for an
investor to acquire a vintage building with strong cash flow and the potential to further
increase the income.
Property Address
3715 W. 1st Street
Los Angeles, CA 90004
Price
$7,395,000
No. of Units
55
Unit Mix
34 Singles
1 (Junior 1+1)
20 (1+1)
Year Built
1927
Construction
Reinforced Brick
Building Area
40,183 ± Sq. Ft.
Lot Size
11,250 ± Sq. Ft
Utilities
Master metered gas/electric
Master metered water
Parking
Street Parking Only
Zoning
LAR-3
APN
5518-027-010
Price Per Unit
$134,455
Price Per Square Foot
$184.03
Gross Rent Multiplier
11.02
Capitalization Rate
5.53%
Market Gross Rent Multiplier
9.08
Market Capitalization Rate
7.35%
These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by the Charles Dunn Company or its personnel, and all interested
parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified
property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale,
change in price, or withdrawal from the market without notice. Charles Dunn Company 800 West 6th Street, 5th Fl, Los Angeles, CA 90017 Lic. # 01201641
3715 West 1st Street, Los Angeles, CA 90004
The Offering
6
3715 West 1st Street is a six-story, multi-family property originally constructed in 1927.
In just the past year, the Property has undergone extensive capital improvements. The
exterior has been upgraded with new landscaping. The front door has been replaced
and a new intercom installed to provide secured access into the property. Every floor
of the building’s common areas have been renovated, including new paint, new
flooring, and new energy-efficient LED lighting. The lobby of 1st Street is lite with grand
chandeliers and accessorized with contemporary art and furniture to give the lobby a
mood-enhancing look.
In addition to the exterior and common area renovations, 20 residential units have
been remodeled with new kitchens featuring modern tile, granite countertops,
extravagant mosaic backsplashes, new energy efficient appliances, and new flooring.
The interior decorators took a classic approach when renovating these units, utilizing
the calming color scheme of blue and grey to create a tranquil home environment.
The Property features an elevator and laundry room for the convenience of the
residents. Additionally, the Property is mastered metered for all utilities.
The Property is located in the high-demand rental market of Koreatown, a desirable
and centrally located neighborhood in Los Angeles. Koreatown has been revitalized in
recent years with a tremendous amount of new development and the strengthening of
its dining, shopping and entertainment amenities. 3715 West 1st Street offers
impressive-renovated units in an area where there is a strong demand for modern
renovated units.
The Property is located on the north side of 1st Street, north of Wilshire Boulevard and
south of Beverly Boulevard. It is walking distance to the Beverly / Vermont metro red
line stop, as well as the Virgil Middle School and Frank Del Olmo Elementary School.
The Property has been operating as 55 units. The Seller believes that the certificate of
occupancy is also for at least 55 units; buyer to verify during diligence. Buyer solely
relies on its own investigation.
These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by the Charles Dunn Company or its personnel, and all interested parties
must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property.
Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale,
change in price, or withdrawal from the market without notice.
Financial Overview
3715 West 1st Street, Los Angeles, CA 90004
8
Financial Overview
Investment Summary
Projected Annual Operating Summary
Price
$7,395,000
Number of Residential Units
55
Year Built
1927
Monthly Rental Income
Monthly Laundry Income
Monthly Gross Income
Current
Market
$55,688
$67,555
$256
$350
$55,944
$67,905
Gross Sq. Ft.
40,183 ± Sq. Ft.
Scheduled Gross Income
$671,328
$814,860
Lot Size (Sq. Ft.)
11,250 ± Sq. Ft
Less Vacancy Reserve (3%)
($20,140)
($24,446)
Gross Operating Income
$651,188
$790,414
Price per Unit
$134,455
Price per Sq. Ft.
$184.03
Current GRM
11.02
Estimated Proforma Expenses
Current Cap Rate
5.53%
Property Taxes (1.25% of Sales Price)
$92,438
$92,438
Off-Site Management (3%)
$20,140
$24,446
On-Site Manager
$13,188
$13,188
$4,040
$4,040
Utilities
$75,000
$75,000
$22,000
$22,000
Market GRM
9.08
Market Cap Rate
7.35%
Insurance
Unit & Income Summary
No. Units
Unit Type
Average
Current
Average
Market
Repairs & Maintenance
34
Single / 1 Bath
$900
$30,616
$1,150
$39,095
Landscaping
$2,880
$2,880
1
Junior 1 Bed / 1 Bath
$1,295
$1,295
$1,295
$1,295
Trash Removal
$3,575
$3,575
Taxes & Registration Fees
$3,730
$3,730
20
1 Bed / 1 Bath
$1,189
$23,777
$1,358
$27,165
Alarm & Fire Monitoring
$1,680
$1,680
Elevator Inspection & Repair
$1,320
$1,320
Pest Control
$2,330
$2,330
$242,321
$246,627
Scheduled Monthly Rent
$55,688
$67,555
$256
$350
Monthly Gross Income
$55,944
$67,905
% of Scheduled Rent:
36.10%
30.27%
Scheduled Annual Income
$671,328
$814,860
Per SF:
$6.03
$6.14
Per Unit:
$4,405.83
$4,484.12
$408,867
$543,788
($296,561)
($296,561)
Estimated Laundry Income
Total Estimated Proforma Expenses
Net Operating Income
Proposed Financing
Loan Payments:
Loan Amount:
Down Payment:
Debt Coverage:
30%
$5,176,500
Interest Rate:
4.00%
$2,218,500
Amortization:
30
1.38
Monthly
Payment:
$24,713.40
Pre-Tax Cash Flow:
5.06%
Plus Principal Red. (Yr. 1):
Total Pre-Tax Return:
$112,307
11.14%
$91,160
9.17%
$203,467
$247,227
$91,160
15.25%
$338,387
3715 West 1st Street, Los Angeles, CA 90004
9
Rent Roll (as of August 2014)
Unit
Unit Type
Current Rent
Market Rent
Notes
Unit
Unit Type
Current Rent
Market Rent
101
Junior 1+1
$1,295.00
$1,295.00
Renovated
404
Single
$899.00
$1,150.00
102
Single
$797.23
$1,150.00
405
1+1
$1,395.00
$1,395.00
103
Single
$1,195.00
$1,195.00
406
Single
$899.00
$1,150.00
104
Single
$995.00
$1,150.00
407
1+1
$1,395.00
$1,395.00
105
Single
$660.98
$1,150.00
408
Single
$899.00
$1,150.00
201
1+1
$842.36
$1,395.00
409
Single
$899.00
$1,150.00
202
Single
$648.38
$1,150.00
410
1+1
$859.95
$1,395.00
203
Single
$925.00
$1,150.00
501
1+1
$853.91
$1,395.00
204
Single
$671.21
$1,150.00
502
Single
$1,150.00
$1,150.00
205
1+1
$997.50
$1,150.00
503
Single
$669.06
$1,150.00
206
Single
$1,100.00
$1,100.00
504
Single
$668.59
$1,150.00
207
1+1
$971.25
$1,395.00
505
1+1
$1,395.00
$1,395.00
208
Single
$1,150.00
$1,150.00
506
Single
$950.00
$1,150.00
209
Single
$637.09
$1,150.00
507
1+1
$1,395.00
210
1+1
$1,099.00
Manager’s Unit
$1,395.00
$1,395.00
301
1+1
$1,395.00
Renovated
508
Single
$943.95
$1,395.00
$1,150.00
302
Single
$925.00
$1,150.00
509
Single
$1,150.00
$1,150.00
Renovated
303
Single
$1,150.00
$1,150.00
510
1+1
$1,395.00
$1,395.00
Renovated
304
Single
$686.18
$1,150.00
601
1+1
$1,395.00
$1,395.00
Renovated
305
1+1
$1,164.04
$1,150.00
602
Single
$761.25
$1,150.00
306
Single
$654.41
$1,150.00
603
Single
$834.75
$1,150.00
307
1+1
$1,153.95
$1,150.00
604
Single
$1,150.00
$1,150.00
Renovated
308
Single
$899.00
$1,150.00
605
1+1
$1,395.00
$1,395.00
Renovated
309
Single
$899.00
$1,150.00
606
Single
$1,150.00
$1,150.00
Renovated
310
1+1
$1,395.00
$1,395.00
607
1+1
$1,395.00
$1,395.00
Renovated
401
1+1
$939.75
$1,395.00
608
Single
$899.00
$1,150.00
402
Single
$761.25
$1,150.00
609
Single
$1,100.00
$1,150.00
403
Single
$838.95
$1,150.00
610
1+1
$945.00
$1,395.00
Total:
$55,687.99
$67,555.00
Annual Total:
$668,255.88
$810,660.00
Renovated
Renovated
Renovated
Renovated
Renovated
Notes
Renovated
Renovated
Renovated
Renovated
Renovated
Renovated
Property Maps
3715 West 1st Street, Los Angeles, CA 90004
Regional and Neighborhood Maps
11
3715 West 1st Street, Los Angeles, CA 90004
Plat and Aerial Maps
12
Property Photos
3715 West 1st Street, Los Angeles, CA 90004
Exterior Photographs
14
3715 West 1st Street, Los Angeles, CA 90004
Common Areas
15
3715 West 1st Street, Los Angeles, CA 90004
16
Unit Renovations
3715 West 1st Street has recently undergone extensive renovation, including:
Common Areas
• Energy efficient LED lighting
• Glass aluminum door and intercom system
• HD cameras with night vision
• New washers and dryers
• New landscaping
• New paint to exterior of building and fire escape
• New emergency exit lighting with battery backup
Renovated Units
• New laminate flooring in living rooms/bedrooms
• New ceramic tile in kitchen floors and bathrooms floors and shower
• All fixtures and hardware replaced including energy efficient lighting
• Quartz countertops in kitchen with glass tile backsplash
• New energy efficient appliances including stove, microwave and refrigerator
• New garbage disposals and upgraded plumbing in kitchen
• Outlets in kitchen and bathrooms upgrade to GFCI
3715 West 1st Street, Los Angeles, CA 90004
Unit Renovations
17
3715 West 1st Street, Los Angeles, CA 90004
Unit Renovations
18
Market Overview
3715 West 1st Street, Los Angeles, CA 90004
20
Market Overview
Los Angeles County
The county seat (also the largest city by
population and land area), Los Angeles, boasts
The County of Los Angeles, whose 4,083
a population of over 3.8 million and lends its
square miles span a variety of landscapes,
name to the county. With a population of over 10
consists of 88 cities, 140 unincorporated
million residents which is steadily increasing, LA
communities, and two islands: San Clemente County’s job growth in burgeoning industries
Island and Santa Catalina Island. Known for its such as entertainment, technology, and ecoastal communities along 70 miles of Pacific commerce continues to attract residents to its
Ocean as well as for its eastern county
metropolitan hubs despite its higher cost of
farmland, national and state parks, major
living. Multifamily markets across the county are
rivers, deserts, and mountain ranges, the
highly active, with nearly half of residents
county is as geographically diverse as its
spending 30% or more of their income on
population.
housing. The demand for housing in metro areas
has spurred increased activity in retail markets
Largest Cities
as well, with higher densities of Los Angeles
County residents driving up demand for local
in Los Angeles County
amenities.
City
As the largest and most ethnically diverse
county in the United States, the county has a
larger population than 42 US states. With
approximately 27% of California’s residents
within its borders, it is extremely diverse and
represents more than 140 cultures and as
many as 224 languages.
Population Size (2013)
10,026,800
Area
4,083 square miles
Median Income
$58,004
Median Age
34.8
Population
Los Angeles
3,863,839
Long Beach
467,646
Santa Clarita
204,951
Glendale
193,652
Lancaster
158,630
Palmdale
154,535
Pomona
150,942
Torrance
146,860
Pasadena
140,020
Education (25+)
No High School Diploma...23.6%
High School Graduate.......20.8%
Some College....................19.3%
College Degree+...............36.4%
Ethnic Composition
50.3%
27.3%
13.7% 8.7%
Asian
Other
Source: Los Angeles Almanac
White
Black or
African
American
3715 West 1st Street, Los Angeles, CA 90004
21
Market Overview
Los Angeles County
Economy
Additionally, LA County is among the world’s
20 largest economies with a GDP of $583.9
billion. More than ten million residents are
served by the largest local government in the
nation, which employs 103,000 people and
administrates a $26.1 billion budget. The
county is home to the biggest players in the
entertainment industry, with six major film
studios (Columbia Tri-Star Motion, Dream
Works, Paramount Pictures, Sony Pictures
Entertainment, Walt Disney Co and Warner
Bros Studio) housed within its borders.
The Ports of Long Beach and Los Angeles-the busiest ports in the nation and the fourth
largest by trade volume—contribute to the
county's prominent manufacturing and
international trade. In 2012, the Los Angeles
Area Chamber of Commerce reported that
Los Angeles’ foreign trade surpassed $400
billion, with China, Japan, South Korea,
Taiwan and Thailand listed as its top trade
partners.
Top Ten Employers in Los Angeles County
Rank
1
2
3
4
5
6
7
8
9
10
Employer
City
Employees
UCLA Health System
UCLA
Los Angeles County Sheriff
Nestle USA
Cedars-Sinai Medical Center
Los Angeles Police Department
LAC+USC Medical Center
Warner Bros Studio
Choice Fence Co
Specair
Los Angeles
Los Angeles
Monterey Park
Glendale
West Hollywood
Los Angeles
Los Angeles
Burbank
Monterey Park
Gardena
35,543
27,489
20,000
20,000
10,000
9,000
8,000
8,000
7,628
6,050
Source: Infogroup (2014)
Los Angeles County
Employment by Sector
15% 14% 14% 14%
Professional &
Business Services
Retail Trade &
Consumer
Services
Education &
Health
Services
11% 10% 7%
0
Leisure &
Hospitality
Government
5% 5% 5%
Construction, Information Finance Wholesale
Manufacturing Transportation,
Utilities, Natural
Resources
3715 West 1st Street, Los Angeles, CA 90004
22
Market Overview
Los Angeles County
Seaports. The Ports of Los Angeles and Long Beach play major roles in the nation’s
trade industry. The Port of Los Angeles features 24 passenger and cargo terminals
and is responsible for billions of dollars’ in cargo annually. The Port of Long Beach is
the second busiest port in the US and its cargo is valued at $180 billion annually,
handling a quarter of all cargo moving through west coast ports, and nearly 20% of all
cargo nationwide.
Transportation
The Los Angeles County Metropolitan Transportation Authority, or Metro, is the county
agency which plans and coordinates transportation, as well as designs, builds, and
operates transportation networks throughout the area. It is primarily known for its Metro
Rail, Metrolink, and Metro Liner (bus) transit systems which serve LA County and
extend into other areas of California.
LAX
80
6
63M+
stations
rail lines
Passengers served
annually
4
Train Stations. Located in Downtown Los Angeles, Union Station is the principal
railway station in LA County. It is the largest railroad passenger terminal in the Western
US and serves as the regional train station for Amtrak, Metrolink, and Metro Rail.
Additionally, Los Angeles is a major freight rail hub due to the high volume of imported
freight entering through the county’s ports.
357,277
Airports. The county’s main airport, Los Angeles International Airport (LAX), is the sixth
largest airport in the US. In 2012, LAX served approximately 63.7 million passengers
and handled 1.9 million tons of air cargo valued at over $86.9 billion. It ranks 14th
worldwide and 5th nationwide in air cargo tonnage processed. The county’s other
commercial airports are Long Beach Municipal Airport, Bob Hope Airport in Burbank,
Ontario International Airport, and Palmdale Regional Airport.
Port of Long Beach:
25% west coast market share
Port of Los Angeles:
38.4% west coast market share
Together, $466+ billion in cargo handled annually
airports serving
LA County
daily ridership
3715 West 1st Street, Los Angeles, CA 90004
23
Market Overview
Koreatown
Koreatown is a neighborhood in the MidWilshire district of Los Angeles, centered
near Eighth Street and Western Avenue but
with disputed borders. With a population of
about 113,000 covering approximately 2.7
square miles, the Los Angeles Times reports
the neighborhood as the most densely
populated district in Los Angeles County.
It is highly diverse, with two-thirds of
residents born outside of the US, and a
neighborhood culture historically specific to
its Korean-background population. More
recently there has been increasing
interaction between Koreans and Latinos as
approximately half (47.9%) of the population
is Hispanic.
The neighborhood is in the midst of a
construction boom that has helped fuel the
influx of new residents priced out from
nearby Los Feliz and West Hollywood.
Koreatown is known for its many commercial
and residential mid- and high-rise towers, its
rich collection of pre-1940 brick colonial
revival buildings, Asian high-fashion
boutiques, and the largest concentration
of nightclubs and 24-hour businesses
and restaurants in Southern California.
Transportation
Metro operates two subway lines – the Red
Line, which runs from North Hollywood to
Downtown Los Angeles along Vermont
Avenue, and the Purple Line, which runs
along Wilshire Boulevard, both of which run
near or through Koreatown. The
neighborhood is served by the Purple Line
Wilshire/Normandie station.
Shopping
A different cultural experience can be felt
immediately just by stepping into one of
Koreatown’s shopping centers. A variety of
fashion, jewelry, electronics, cosmetics,
gifts and other goods can be found—many
of them imported directly from Korea.
Noteworthy shopping areas include
Koreatown Galleria, Koreatown Plaza, and
Sin Sae Kae Department Store.
Nightlife
The local scene in Koreatown is unlike any
other seen in Los Angeles. With over 1,100
night-time establishments including numerous
bars, clubs, restaurants, spas, karaoke studios,
dancehalls, theaters, pool halls, coffeehouses,
Hookah Lounges and internet parlors, the
neighborhood maintains the feel of a miniSeoul. Though not well known to non-residents
and understandably skipped by tourists due to
the close proximity to Hollywood, Koreatown is
the nearest to a 24-hour district in Los Angeles,
and has the highest concentration of nightclubs
and restaurants in Southern California
Festivals
Koreatown holds several festivals each year.
The Korean Festival and Parade, held along
Olympic Boulevard, marches to the Seoul
Peace Park. The Wilshire Center Business
Improvement District (WCBID) holds its annual
Earth Day/Carefree Day Festival every April 22
along Wilshire Boulevard, while the City of Los
Angeles holds Earth Day Expo along Wilshire
Boulevard every June. Additionally, the Thai
Consulate holds an Indonesian Festival every
August at Mariposa Avenue and Wilshire
Boulevard, with Festival Navideno de la Calle
8—the largest toy drive festival in the United
States—encompasses several blocks around
8th Street and Normandie Avenue during early
December every year.
Population (2013)
113,909
Population Change
-7.0% (2000 to 2013)
Area
2.7 square miles
Median Income
$34,794
Median Age
34.1
Education (25+)
No High School
Diploma....29.3%
High School
Graduate...............22.7%
Some
College............................14.6%
College Degree+ ..............33.4%
3715 West 1st Street, Los Angeles, CA 90004
24
Demographics
3715 West 1st Street
Los Angeles, CA 90004
Population Trend
2000 Total Population
2010 Total Population
2013 Total Population
2018 Total Population
Households Trend
2000 Total Households
2010 Total Households
2013 Total Households
2018 Total Households
Population Change Trend
2000 to 2010 Population Change
2000 to 2013 Population Change
2010 to 2018 Population Change
2013 to 2018 Population Change
Household Change Trend
2000 to 2010 Household Change
2000 to 2013 Household Change
2010 to 2018 Household Change
2013 to 2018 Household Change
2013 Race
White alone
Black or African American alone
American Indian and Alaska Native alone
Asian alone
Native Hawaiian and OPI alone
Some Other Race alone
Two or More Races
Average household size
Total Daytime Population
Total Employee Population
Total Daytime at Home Population
Total Employee Population (% of Daytime
Population)
Total Daytime at Home Population
(% of Daytime Population)
3715 West 1st Street
Los Angeles, CA 90004
1 Mile
Ring
2 Mile
Ring
3 Mile
Ring
116,811
108,612
109,824
109,203
382,733
357,133
358,799
357,917
609,143
583,844
588,825
595,225
41,383
41,063
40,288
39,976
130,606
131,586
128,585
127,892
217,554
225,283
221,351
224,040
-7.0%
-6.0%
.5%
-.6%
-6.7%
-6.3%
.2%
-.2%
-4.2%
-3.3%
1.9%
1.1%
-.8%
-2.6%
-2.6%
-.8%
.8%
-1.5%
-2.8%
-.5%
3.6%
1.7%
-.6%
1.2%
28.4%
4.5%
.8%
33.9%
.1%
27.9%
4.4%
35.1%
4.0%
1.0%
24.9%
.1%
30.2%
4.7%
40.1%
5.5%
.9%
21.5%
.1%
27.2%
4.6%
2.7
2.7
2.6
88,996
32,858
56,138
303,268
115,750
187,518
612,054
300,499
311,555
36.9%
38.2%
49.1%
63.1%
61.8%
50.9%
2013 Income
Per Capita Income
Household Income: Median
Household Income: Average
Less than $10,000
$10,000 to $14,999
$15,000 to $19,999
$20,000 to $24,999
$25,000 to $29,999
$30,000 to $34,999
$35,000 to $39,999
$40,000 to $44,999
$45,000 to $49,999
$50,000 to $59,999
$60,000 to $74,999
$75,000 to $99,999
$100,000 to $124,999
$125,000 to $149,999
$150,000 to $199,999
$200,000 or more
EDUCATION
2013 Educational Detail
% No Schooling Completed
% Nursery School to 4th Grade
% 5th and 6th Grade
% 7th and 8th Grade
% 9th Grade
% 10th Grade
% 11th Grade
% 12th Grade No Diploma
% High School Graduate, GED, or Alternative
% Some College <1 Year
% Some College 1+ Years No Degree
% Associate's Degree
% Bachelor's Degree
% Master's Degree
% Professional School Degree
% Doctorate Degree
1 Mile
Ring
2 Mile
Ring
3 Mile
Ring
$17,170
$35,692
$46,497
9.0%
9.2%
8.5%
7.1%
7.5%
7.6%
7.0%
5.5%
4.5%
8.3%
9.2%
7.7%
3.9%
2.0%
1.9%
.9%
$17,465
$34,579
$47,835
9.0%
10.5%
9.0%
7.4%
7.5%
7.2%
6.8%
4.9%
4.2%
8.0%
8.2%
7.5%
3.7%
2.1%
2.0%
1.9%
$20,500
$36,333
$53,516
9.9%
10.3%
8.5%
6.9%
6.5%
6.4%
5.9%
4.7%
3.9%
7.6%
8.0%
7.9%
4.7%
2.8%
2.8%
3.3%
3.9%
3.7%
8.0%
2.6%
5.4%
1.8%
2.0%
2.3%
21.3%
3.5%
12.1%
5.7%
21.7%
4.3%
1.3%
.4%
4.6%
4.7%
9.5%
3.1%
5.5%
2.1%
2.0%
2.7%
21.1%
3.1%
11.2%
5.2%
19.2%
4.3%
1.2%
.5%
4.4%
4.1%
8.3%
2.9%
4.7%
1.9%
1.9%
2.8%
19.7%
3.2%
11.6%
5.2%
21.0%
5.6%
1.9%
.7%
Contact Information
Contact Information
Janet D. Neman
Senior Managing Director
License # 01069127
jneman@charlesdunn.com
Direct: (310)9 96-2210
Fax: (310) 312-1801
Charles Dunn Company
License # 01201641
1925 Century Park East, Suite 2350
Los Angeles, CA 90067
Direct: (310) 312-1800
Fax: (310) 312-801
www.charlesdunn.com
These materials are based on information and content provided by others which we believe are accurate.
No guarantee, warranty or representation is made by the Charles Dunn Company or its personnel, and all
interested parties must independently verify its accuracy and completeness. As well, any projections,
assumptions, opinion, or estimates are used for example only and do not represent the current or future
performance of the identified property. Your tax, financial, legal and toxic substance advisors should
conduct a careful investigation of the property and its suitability for your needs, including land use
limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the
market without notice.