OFFERING MEMORANDUM Whittier, CA 90605 CA Whittier, Dr Christine 14316 NON-ENDORSEMENT & DISCLAIMER NOTICE

CONFIDENTIALITY & DISCLAIMER The 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. © 2021 Marcus & Millichap. All rights reserved.

THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2021 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICE Marcus & 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.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.

Activity ID #ZAC1030086

OFFICES THROUGHOUT THE U.S. AND CANADA marcusmillichap.com EXCLUSIVELY LISTED BY

Kevin J. King Senior Managing Director Investments Office: Long Beach Direct: 562.257.1246 [email protected]

Kyle R. Blair Associate Office: South Bay Direct: 562.257.1259 [email protected] DISCLAIMER

Any rent or income information in this offering memorandum, with the exception of actual, historical rent collections, represent good faith projections of potential future rent only, and Marcus & Millichap makes no representations as to whether such rent may actually be attainable. Local, state, and federal laws regarding restrictions on rent increases may make these projections impossible, and Buyer and its advisors should conduct their own investigation to determine whether such rent increases are legally permitted and reasonably attainable. TABLE OF CONTENTS

S E C T I O N 1 Executive Summary 7

S E C T I O N 2 Property Information 13

S E C T I O N 3 Financial Analysis 19

S E C T I O N 4 Sale Comparables 25

S E C T I O N 5 Market Overview 35

S E C T I O N 1 Executive Summary

OFFERING SUMMARY

INVESTMENT HIGHLIGHTS 8 | EXECUTIVE SUMMARY OFFERING SUMMARY

Listing Price Cap Rate # of Units $1,495,000 3.65% 6

FINANCIAL Listing Price $1,495,000

Down Payment 31% / $463,450

NOI $54,612

Cap Rate 3.65%

Total Return 1.78%

Price/SF $440.09

Rent/SF $2.28

Price/Unit $249,167

OPERATIONAL Gross SF 3,397 SF

# of Units 6

Lot Size 0.21 Acres (9,204 SF)

Year Built 1955

EXECUTIVE SUMMARY | 9 1 0 | EXECUTIVE SUMMARY 14316 CHRISTINE DR Whittier, CA 90605

INVESTMENT OVERVIEW Marcus & Millichap is pleased to present a 6-unit apartment building located in Whittier, California. Built in 1955, the subject property consists of 3,397 rentable square feet spread throughout a 9,204 square foot lot. The buildings consist of a total of four 1-bedroom / 1-bathroom units and two 2-bedroom / 1-bathroom units. It has a pitched roof and contains eight parking spots. Owners enjoy the high demand for rentals in a city in Southern California. Tenants enjoy living in the Michigan Park neighborhood where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of Whittier continues to progress forward and is currently experiencing major redevelopment. The city is currently evaluating a proposed plan that would allow for the potential development in the city of more than 6,000 new housing units over the next 25 years. Whittier sustains its ability to attract renters due to its strong economy and quality of life.

INVESTMENT HIGHLIGHTS GREAT RENTAL MARKET, VACANCY BELOW 3%

LOCATED IN THE HEART OF MICHIGAN PARK, ONE OF THE MOST DESIRABLE AREAS OF EAST WHITTIER: MEDIAN RENT 31% HIGHER THAN WHITTIER AVERAGE

WHITTWOOD TOWN CENTER AND THE QUAD AT WHITTIER SHOPPING MALL, WITHIN 1 MILE RADIUS

OCEAN VIEW ELEMENTARY, EAST WHITTIER MIDDLE SCHOOL, AND LA SERNA HIGHSCHOOL DISTRICT

MICHIGAN PARK NEIGHBORHOOD MEDIAN INCOME: $86,618

E X E C U T I V E S U M M A RY | 1 1

S E C T I O N 2 Property Information

REGIONAL MAP

L O C A L M A P

A E R I A L M A P REGIONAL MAP // 14316 Christine Dr

Whittier, CA

1 4 | PROPERTY INFORMATION 14316 Christine Dr // LOCAL MAP

PROPERTY INFORMATION | 1 5 AERIAL MAP // 14316 Christine Dr

1 6 | PROPERTY INFORMATION PROPERTY INFORMATION | 1 7

S E C T I O N 3 Financial Analysis

FINANCIAL DETAILS FINANCIAL DETAILS // 14316 Christine Dr

As of June,2021

CURRENT CURRENT POTENTIAL POTENTIAL Rent / Rent / SF/ Rent / Rent/ SF/ UNIT UNIT TYPE Month Month Month Month 1 1 Bed/ 1 Bath $1,096 $0.00 $1,250 $0.00 2 1 Bed/ 1 Bath $1,096 $0.00 $1,250 $0.00 3 1 Bed/ 1 Bath $1,096 $0.00 $1,250 $0.00 4 1 Bed/ 1 Bath $1,113 $0.00 $1,250 $0.00 5 2 Bed/ 1 Bath $1,487 $0.00 $1,750 $0.00 6 2 Bed/ 1 Bath $1,873 $0.00 $1,750 $0.00 Total Square Feet: 3,397 $7,761 $2.28 $8,500 $2.50

2 0 | FINANCIAL ANALYSIS 14316 Christine Dr // FINANCIAL DETAILS

Current POTENTIAL # OF AVG SQ RENTAL Average Average Monthly AVERAGE AVERAGE MONTHLY UNIT TYPE UNITS FEET RANGE Rent Rent / SF Income RENT RENT / SF INCOME

1 Bed/ 1 Bath 4 N/A $1,096 - $1,113 $1,100 N/A $4,401 $1,250 N/A $5,000 2 Bed/ 1 Bath 2 N/A $1,487 - $1,873 $1,680 N/A $3,360 $1,750 N/A $3,500 TOTALS/WEIGHTED AVERAGES 6 566 $1,294 $2.28 $7,761 $1,417 $2.50 $54,805

GROSS ANNUALIZED RENTS $93,132 $102,000

Unit Distribution Unit Rent $2,000 $1.00 SF

$0.80 SF Rent perSF/Month $1,500 2 Bedroom/ 1 Bath $0.60 SF 33% $1,000 $0.40 SF

Rent per Month Rent $500 $0.20 SF

1 Bedroom/ 1 Bath $0 $0.00 SF 67% 1 Bedroom/ 1 Bath 2 Bedroom/ 1 Bath Unit Type

Rent Rent SF

FINANCIAL ANALYSIS | 2 1 FINANCIAL DETAILS // 14316 Christine Dr

INCOME Current Year 1 NOTES PER UNIT PER SF Rental Income Gross Current Rent 93,132 102,000 17,000 30.03 Physical Vacancy (2,794) 3.0% (3,060) 3.0% (510) (0.90) TOTAL VACANCY ($2,794) 3.0% ($3,060) 3.0% ($510) ($1) EFFECTIVE GROSS INCOME $90,338 $98,940 $16,490 $29.13

EXPENSES Current Year 1 NOTES PER UNIT PER SF Real Estate Taxes 18,688 18,688 3,115 5.50 Insurance 1,851 1,851 309 0.54 Utilities 4,305 4,305 718 1.27 Pest 190 190 32 0.06 Repairs & Maintenance 3,175 3,175 529 0.93 Landscaping 1,800 1,800 300 0.53 Off-Site Management 4,517 4,947 825 1.46 Operating Reserves 1,200 1,200 200 0.35 TOTAL EXPENSES $35,726 $36,156 $6,026 $10.64 EXPENSES AS % OF EGI 39.5% 36.5% NET OPERATING INCOME $54,612 $62,784 $10,464 $18.48 Notes and assumptions to the above analysis are on the following page.

2 2 | FINANCIAL ANALYSIS 14316 Christine Dr // FINANCIAL DETAILS

SUMMARY OPERATING DATA Price $1,495,000 Down Payment $466,000 31% Number of Units 6 INCOME Current Year 1 Price Per Unit $249,167 Gross Scheduled Rent $93,132 $102,000 Price Per SqFt $440.09 Less: Vacancy/Deductions 3.0% $2,794 3.0% $3,060 Gross SqFt 3,397 Total Effective Rental Income $90,338 $98,940 Lot Size 0.21 Acres Other Income $0 $0 Approx. Year Built 1955 Effective Gross Income $90,338 $98,940 Less: Expenses 39.5% $35,726 36.5% $36,156 Net Operating Income $54,612 $62,784 RETURNS Current Year 1 Reno Cash Flow $54,612 $62,784 CAP Rate 3.65% 4.20% 0.00% Debt Service $46,305 $46,305 GRM 16.05 14.66 0.00 Net Cash Flow After Debt Service 1.78% $8,307 3.54% $16,479 Cash-on-Cash 1.78% 3.54% 0.00% Principal Reduction $0 $0 Debt Coverage Ratio 1.18 1.36 0.00 TOTAL RETURN 1.78% $8,307 3.54% $16,479

FINANCING 1st Loan EXPENSES Current Year 1 Loan Amount $1,029,000 Real Estate Taxes $18,688 $18,688 Loan Type Assumed Insurance $1,851 $1,851 Interest Rate 4.50% Utilities $4,305 $4,305 Year Due 2026 Pest $190 $190 Loan information is subject to change. Contact your Marcus & Millichap Capital Corporation representative. Repairs & Maintenance $3,175 $3,175 Landscaping $1,800 $1,800 # OF UNITS UNIT TYPE SQFT/UNIT SCHEDULED RENTS MARKET RENTS Off-Site Management $4,517 $4,947 4 1 Bedroom/ 1 Bath 0 $1,100 $1,250 Operating Reserves $1,200 $1,200 2 2 Bedroom/ 1 Bath 0 $1,680 $1,750 TOTAL EXPENSES $35,726 $36,156 0 Expenses/Unit $5,954 $6,026 0 Expenses/SF $10.52 $10.64 0

IRR Year IRR Unlevered IRR Levered 5 0.00% 0.00% 7 0.00% 0.00% 10 -8.95% 0.00%

FINANCIAL ANALYSIS | 2 3

S E C T I O N 4 Sale Comparables

SALE COMPS MAP

SALES COMPS GRAPHS

SALE COMPS SUMMARY

S A L E C O M P S SALE COMPS MAP

14316 Christine Dr

1 7312 Newlin Ave

2 8921 La Puebla Ave

3 7757 Comstock Ave

4 14030 Dicky St

5 7615 Bright Ave

6 10134 Scott Ave

2 6 | SALE COMPARABLES 14316 Christine Dr // SALES COMPS GRAPHS

Average Price/SF Average CAP Rate $500.00 6.00% $440.09 $450.00 5.03% 5.00% 4.57% $400.00 4.43% 4.43% $359.71 4.25% $338.24 4.10% 4.47% $350.00 $326.92 $330.33 $298.38 4.00% 3.65% $300.00 $327.29

$250.00 3.00%

$/Unit $197.38 $200.00 2.00% $150.00

$100.00 1.00% $50.00 8921 La 8921Puebla 7312 Newlin Dicky14030 Scott10134 Subject 7757Comstock 7616Bright 7312 Newlin 8921Puebla La Dicky14030 Subject 7757Comstock 7616Bright Scott10134 $0.00 0.00%

Average Price/Unit Average GRM

$300,000 $283,333 18.00 16.81 16.05 $249,167 16.00 15.21 $250,000 $235,625 14.22 14.17 $14.55 $220,000 14.00 13.15 $211,111 $202,857 12.23 $200,000 $219,942 12.00

10.00 $150,000 $137,500

$/Unit 8.00

$100,000 6.00

4.00 $50,000 2.00 7312 Newlin7312 La 8921Puebla Dicky14030 Newlin7312 La 8921Puebla Dicky14030 7757 Comstock 7616 Bright Scott10134 7757 Comstock 7616 Bright Scott10134 Subject Subject $0 0.00

SALE COMPARABLES | 2 7 SALE COMPS SUMMARY // 14316 Christine Dr

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF LOT SIZE PRICE/UNIT CAP RATE # OF UNITS CLOSE

14316 Christine Dr $1,495,000 3,397 SF $440.09 0.21 AC $249,167 3.65% 6 On Market Whittier, CA 90605

SALE COMPARABLES PRICE BLDG SF PRICE/SF LOT SIZE PRICE/UNIT CAP RATE # OF UNITS CLOSE

7312 Newlin Ave 1 $1,700,000 5,200 SF $326.92 0.16 AC $283,333 5.03% 6 01/25/2021 Whittier, CA 90602

8921 La Puebla Ave 2 $1,900,000 5,282 SF $359.71 0.2 AC $211,111 4.25% 9 11/05/2020 Whittier, CA 90605

7757 Comstock Ave 3 $1,885,000 5,573 SF $338.24 0.16 AC $235,625 4.43% 8 11/04/2020 Whittier, CA 90602

14030 Dicky St 4 $1,100,000 5,573 SF $197.38 0.16 AC $137,500 4.43% 8 11/04/2020 Whittier, CA 90605

7615 Bright Ave 5 $1,420,000 4,759 SF $298.38 0.16 AC $202,857 4.10% 7 04/08/2021 Whittier, CA 90602

10134 Scott Ave 6 $2,200,000 6,660 SF $330.33 0.27 AC $220,000 4.57% 10 02/03/2021 Whittier, CA 90603

AVERAGES $1,700,833 5,508 SF $308.49 0.19 AC $215,071 4.47% 8 -

2 8 | SALE COMPARABLES 14316 Christine Dr // SALE COMPS

14316 Christine Dr 1 7312 Newlin Ave Whittier, CA 90605 Whittier, CA 90602

Listing Price: $1,495,000 Price/SF: $440.09 Sale Price: $1,700,000 Price/SF: $326.92

Property Type: Multifamily GRM: 16.05 Property Type: Multifamily GRM: 12.23

NOI: $54,612 Cap Rate: 3.65% NOI: $85,549 Cap Rate: 5.03%

Year Built: 1955 COE: On Market Year Built: 1973 COE: 01/25/2021

Number Of Units: 6 Lot Size: 0.21 Acres Number Of Units: 6 Lot Size: 0.16 Acres

Price/Unit: $249,167 Total SF: 3,397 SF Price/Unit: $283,333 Total SF: 5,200 SF

UNIT TYPE # UNITS % OF UNIT TYPE # UNITS % OF

1 Bed/ 1 Bath 4 66.7 1 bedroom/1 bath 1 16.7 2 Bed/ 1 Bath 2 33.3 2 bedroom/1 bath 3 50 2 bedroom/2 bath 2 33.3 TOTAL/AVG 6 100% TOTAL/AVG 6 100%

SALE COMPARABLES | 2 9 SALE COMPS // 14316 Christine Dr

2 8921 La Puebla Ave 3 7757 Comstock Ave Whittier, CA 90605 Whittier, CA 90602

Sale Price: $1,900,000 Price/SF: $359.71 Sale Price: $1,885,000 Price/SF: $338.24

Property Type: Multifamily GRM: 16.81 Property Type: Multifamily GRM: 14.22

NOI: - Cap Rate: 4.25% NOI: $83,618 Cap Rate: 4.43%

Year Built: 1959 COE: 11/05/2020 Year Built: 1965 COE: 11/04/2020

Number Of Units: 9 Lot Size: 0.2 Acres Number Of Units: 8 Lot Size: 0.16 Acres

Price/Unit: $211,111 Total SF: 5,282 SF Price/Unit: $235,625 Total SF: 5,573 SF

UNIT TYPE # UNITS % OF UNIT TYPE # UNITS % OF

Studio/1 bath 1 11.1 1 bedroom/1 bath 6 75 1 bedroom/1 bath 8 88.9 2 bedroom/1 bath 1 12.5 3 bedroom/2 bath 1 12.5 TOTAL/AVG 9 100% TOTAL/AVG 8 100%

3 0 | SALE COMPARABLES 14316 Christine Dr // SALE COMPS

4 14030 Dicky St 5 7615 Bright Ave Whittier, CA 90605 Whittier, CA 90602

Sale Price: $1,100,000 Price/SF: $197.38 Sale Price: $1,420,000 Price/SF: $298.38

Property Type: Multifamily GRM: 14.17 Property Type: Multifamily GRM: 15.21

NOI: $83,618 Cap Rate: 4.43% NOI: $58,220 Cap Rate: 4.10%

Year Built: 1956 COE: 11/04/2020 Year Built: 1971 COE: 04/08/2021

Number Of Units: 8 Lot Size: 0.16 Acres Number Of Units: 7 Lot Size: 0.16 Acres

Price/Unit: $137,500 Total SF: 5,573 SF Price/Unit: $202,857 Total SF: 4,759 SF

UNIT TYPE # UNITS % OF UNIT TYPE # UNITS % OF

1 bedroom/1 bath 4 80 1 bedroom/1 bath 6 85.7 2 bedroom/1 bath 1 20 3 bedroom/2 bath 1 14.3

TOTAL/AVG 5 100% TOTAL/AVG 7 100%

SALE COMPARABLES | 3 1 SALE COMPS // 14316 Christine Dr

6 10134 Scott Ave Whittier, CA 90603

Sale Price: $2,200,000 Price/SF: $330.33

Property Type: Multifamily GRM: 13.15

NOI: $100,540 Cap Rate: 4.57%

Year Built: 1958 COE: 02/03/2021

Number Of Units: 10 Lot Size: 0.27 Acres

Price/Unit: $220,000 Total SF: 6,660 SF

UNIT TYPE # UNITS % OF

1 bedroom/ 1 bath 8 80 2 bedroom 1 bath 2 20

TOTAL/AVG 10 100%

3 2 | SALE COMPARABLES SALE COMPARABLES | 3 3

S E C T I O N 5 Market Overview

MARKET OVERVIEW

DEMOGRAPHICS MARKET OVERVIEW // 14316 Christine Dr

LOS ANGELES

The Los Angeles-Long Beach metro is located entirely within Los Angeles County, covering 4,751 square miles. The county encompasses 88 incorporated cities and numerous unincorporated areas. It is bordered on the east by San Bernardino County, on the north by Kern and Ventura counties, on the west by the Pacific Ocean and on the south by Orange County. The area is home to roughly 10.2 million residents. The city of Los Angeles accounts for nearly 4 million people. The Los Angeles coastline stretches along 81 miles of world-famous beaches. The Santa Monica and San Gabriel mountains are located in the county, with the highest point at Mount San Antonio reaching more than 10,000 feet.

METRO HIGHLIGHTS

ECONOMIC CENTER Los Angeles is the entertainment capital of the world as well as a leading international trade and manufacturing center.

VAST INFRASTRUCTURE NETWORK The region has well-established and interconnected transportation systems by road, rail and waterways, allowing access to most of the world’s markets.

JOB AND POPULATION GROWTH A desirable climate and proximity to the ocean and recreational opportunities lure companies and residents to the metro.

3 6 | MARKET OVERVIEW 14316 Christine Dr // MARKET OVERVIEW

TRANSPORTATION

. The Port of Los Angeles and the Port of Long Beach are the largest and busiest ports in the nation. . Various interstate routes make the area accessible nationwide, including 5, 10, 15, 110, 210, 215, 405 and 710. . Amtrak and Metrolink provide passenger rail service. Freight rail lines servicing the county include Union Pacific and BNSF. . The expanding light-rail network provides increased access to in-town travel. . LAX is one of the busiest U.S. airports. Other commercial airports serving the county include Long Beach, Burbank and Palmdale. . The 20-mile railroad express line Alameda Corridor facilitates nearby port activity, connecting the two local ports to the transcontinental rail network east of downtown.

PORTS PROVIDE SERVED BY MILES 3M 4 150 JOBS NATIONWIDE COMMERCIAL AIRPORTS TO THE IN THE COUNTY MEXICAN BORDER

MORE THAN MILLION TEU CONTAINERS ARE SHIPPED THROUGH THE PORTS OF LOS ANGELES AND LONG BEACH 17 ANNUALLY, RANKING THEM FIRST AND SECOND IN THE NATION.

MARKET OVERVIEW | 3 7 MARKET OVERVIEW // 14316 Christine Dr

ECONOMY

. The motion picture/entertainment industry is one of the most high- MAJOR AREA EMPLOYERS profile sectors of the economy. Kaiser Permanente . The GMP (Gross Metropolitan Product) is expected to grow at a slower pace than the U.S. rate in this year. Northrop Grumman Corp. . Eleven Fortune 500 companies are currently headquartered in the The Boeing Co. metro. Kroger Co. . A significant aerospace presence exists in the South Bay, led by Cedars-Sinai Medical Center employers that include Boeing, Northrop Grumman, Raytheon University of Southern California Technologies Corp. and SpaceX. Target Corp. . Employers in a variety of industries provide approximately 4.2 million Amazon jobs in the county. The Home Depot . The two ports make the area a major player in transportation and the Providence Health & Services global shipping trade. * Estimate, ** Forecast

SHARE OF 2020 TOTAL EMPLOYMENT

8% 14% 13% 9% 5% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

19% 4% + 19% 5% 3% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

3 8 | MARKET OVERVIEW 14316 Christine Dr // MARKET OVERVIEW

DEMOGRAPHICS QUICK FACTS

. The population of roughly 10.2 million people makes Los Angeles the most populous metropolitan area in the U.S. 2020 2020 2020 2020 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: . More than 200,000 new residents are expected through 2025; these 10.2M 3.4M 36.8 $69,300 gains will translate into nearly 85,000 households formed during Growth Growth U.S. Median: U.S. Median: the same five-year period. 2020-2025*: 2020-2025*: 2.0% 2.5% 38.2 $63,000 . A median home price that is twice that of the nation has resulted in a homeownership rate of 46 percent in 2020; this is well below the national level of 64 percent. . Nearly 31 percent of residents age 25 and older have attained at least a bachelor’s degree. Roughly 11 percent also hold a graduate or professional degree.

* Forecast

MARKET OVERVIEW | 3 9 MARKET OVERVIEW // 14316 Christine Dr

QUALITY OF LIFE SPORTS

The Los Angeles region enjoys pleasant weather, with sunshine throughout the year. Bounded by mountains and the Pacific Ocean, the temperature rarely rises above 85 degrees or falls below 40 degrees, and rainfall is minimal. It is possible to swim in the ocean and ski on the mountains on the same day.

There are almost 60 institutes of higher learning in the county, including three campuses of the University of California and seven campuses of California State University. Private institutions such as Caltech, the Claremont Colleges, Occidental College and the University of Southern California, along with a number of community colleges, are also included in this count. EDUCATION

Several professional and college teams are located in the area. Cultural venues include Walt Disney Concert Hall, Dorothy Chandler Pavilion, the Hollywood Bowl, Warner Bros. Studios, Huntington Library, the Museum of Art and the Natural History Museum of Los Angeles County.

$700,000 100+ 81 MEDIAN HOME PRICE MUSEUMS MILES OF SHORELINE ARTS & ENTERTAINMENT

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

4 0 | MARKET OVERVIEW 14316 Christine Dr //DEMOGRAPHICS

POPULATION 1 Mile 3 Miles 5 Miles HOUSEHOLDS BY INCOME 1 Mile 3 Miles 5 Miles 2025 Projection 2020 Estimate Total Population 20,688 166,227 454,859 $200,000 or More 9.6% 6.6% 7.2% 2020 Estimate $150,000-$199,999 10.4% 9.0% 8.9% Total Population 20,556 164,655 449,566 $100,000-$149,999 24.1% 20.8% 20.5% 2010 Census $75,000-$99,999 16.3% 14.9% 15.4% Total Population 20,411 162,060 441,328 $50,000-$74,999 15.2% 16.9% 17.3% 2000 Census $35,000-$49,999 8.7% 10.4% 10.3% Total Population 19,514 158,335 432,896 $25,000-$34,999 5.2% 7.3% 6.8% Daytime Population $15,000-$24,999 5.2% 7.1% 6.7% 2020 Estimate 16,843 136,803 410,995 Under $15,000 5.4% 6.9% 6.8% HOUSEHOLDS 1 Mile 3 Miles 5 Miles Average Household Income $114,444 $99,240 $101,801 2025 Projection Median Household Income $90,747 $76,910 $78,128 Total Households 6,688 51,400 136,004 Per Capita Income $37,051 $30,890 $30,660 2020 Estimate POPULATION PROFILE 1 Mile 3 Miles 5 Miles Total Households 6,636 50,808 134,063 Population By Age Average (Mean) Household Size 3.1 3.2 3.3 2020 Estimate Total Population 20,556 164,655 449,566 2010 Census Under 20 26.7% 26.0% 25.3% Total Households 6,513 49,540 130,144 20 to 34 Years 19.4% 21.8% 21.7% 2000 Census 35 to 39 Years 6.3% 6.8% 6.6% Total Households 6,505 49,194 129,334 40 to 49 Years 14.2% 13.3% 13.0% Growth 2020-2025 0.8% 1.2% 1.4% 50 to 64 Years 20.2% 18.5% 18.6% HOUSING UNITS 1 Mile 3 Miles 5 Miles Age 65+ 13.2% 13.7% 14.9% Occupied Units Median Age 38.1 36.6 37.3 2025 Projection 6,872 53,217 140,545 Population 25+ by Education Level 2020 Estimate 6,815 52,546 138,369 2020 Estimate Population Age 25+ 13,653 109,947 302,944 Owner Occupied 5,007 31,164 88,171 Elementary (0-8) 4.7% 8.7% 9.7% Renter Occupied 1,629 19,644 45,892 Some High School (9-11) 7.0% 8.3% 8.6% Vacant 179 1,738 4,307 High School Graduate (12) 23.5% 27.4% 27.2% Persons in Units Some College (13-15) 27.7% 25.0% 23.1% 2020 Estimate Total Occupied Units 6,636 50,808 134,063 Associate Degree Only 9.8% 8.2% 8.1% 1 Person Units 18.2% 19.0% 17.8% Bachelor's Degree Only 16.1% 14.9% 16.1% 2 Person Units 26.5% 25.1% 24.4% Graduate Degree 11.0% 7.5% 7.2% 3 Person Units 18.0% 17.1% 17.2% Population by Gender 4 Person Units 19.1% 17.5% 17.5% 2020 Estimate Total Population 20,556 164,655 449,566 5 Person Units 10.7% 10.6% 11.0% Male Population 48.2% 48.9% 48.8% 6+ Person Units 7.6% 10.8% 12.1% Female Population 51.8% 51.1% 51.2%

MARKET OVERVIEW | 4 1 DEMOGRAPHICS// 14316 Christine Dr

POPULATION EMPLOYMENT In 2020, the population in your selected geography is 449,566. The In 2020, 209,343 people in your selected area were employed. population has changed by 3.9 percent since 2000. It is estimated The 2000 Census revealed that 62.2 percent of employees are in that the population in your area will be 454,859 five years from now, white-collar occupations in this geography, and 37.8 percent are in which represents a change of 1.2 percent from the current year. The blue-collar occupations. In 2020, unemployment in this area was current population is 48.8 percent male and 51.2 percent female. The 4.0 percent. In 2000, the average time traveled to work was 26.8 median age of the population in your area is 37.3, compared with the minutes. U.S. average, which is 38.2. The population density in your area is 5,723 people per square mile.

HOUSEHOLDS HOUSING There are currently 134,063 households in your selected geography. The median housing value in your area was $519,371 in 2020, The number of households has changed by 3.7 percent since 2000. It compared with the U.S. median of $221,068. In 2000, there were is estimated that the number of households in your area will be 87,157 owner-occupied housing units and 42,177 renter-occupied 136,004 five years from now, which represents a change of 1.4 housing units in your area. The median rent at the time was $704. percent from the current year. The average household size in your area is 3.3 people.

INCOME EDUCATION In 2020, the median household income for your selected geography The selected area in 2020 had a lower level of educational is $78,128, compared with the U.S. average, which is currently attainment when compared with the U.S averages. Only 7.2 $62,990.The median household income for your area has changed by percent of the selected area’s residents had earned a graduate 54.1 percent since 2000. It is estimated that the median household degree compared with the national average of 11.8 percent, and income in your area will be $89,464 five years from now, which 16.1 percent completed a bachelor’s degree, compared with the represents a change of 14.5 percent from the current year. national average of 19.2 percent.

The current year per capita income in your area is $30,660, The number of area residents with an associate degree was lower compared with the U.S. average, which is $34,935. The current year's than the nation’s at 8.1 percent vs. 8.3 percent, respectively. average household income in your area is $101,801, compared with the U.S. average, which is $90,941. The area had fewer high-school graduates, 27.2 percent vs. 27.4 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 23.1 percent in the selected area compared with the 20.7 percent in the U.S.

4 2 | MARKET OVERVIEW 14316 Christine Dr //DEMOGRAPHICS

MARKET OVERVIEW | 4 3 EXCLUSIVELY LISTED BY

Kevin J. King Senior Managing Director Investments Office: Long Beach Direct: 562.257.1246 [email protected]

Kyle R. Blair Associate Office: South Bay Direct: 562.257.1259 [email protected]