CROWNE PLAZA LOS ANGELES HARBOR 601 S Palos Verdes St

CROWNE PLAZA LOS ANGELES HARBOR 601 S Palos Verdes St. San Pedro, CA 90731

Offering Memorandum 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. © 2018 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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. CROWNE PLAZA LOS ANGELES HARBOR 601 S PALOS VERDES ST • SAN PEDRO, CA 90731 EXCLUSIVELY LISTED BY HK & Lee Advisors

NELSON LEE HENRI KESSLER STANLEY WANG Senior Associate Broker Licensed Real Estate Salesperson Director Manhattan Office Manhattan Office Los Angeles Office Cell (917) 885-0894 Cell (310) 691-0775 Cell (586) 668-1114 Office (646) 805-1497 Office (646) 805-1427 Office (213) 943-1970 [email protected] [email protected] [email protected] License NY 10301215040 License NY 10401288939 License CA 02055241

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TABLE OF CONTENTS

EXECUTIVE SUMMARY COMPARABLE PROPERTIES SECTION 1 SECTION 4 Offering Highlights • Property Highlights • Property Details Sales Comparable • Market Competitors 5 Investment Highlights • Floor Plans • Regional Map 34 City Overview • Market Drivers • Local Map • Property Photo

NEIGHBORHOOD OPPORTUNITY MARKET OVERVIEW SECTION 5 SECTION 2 Local Attractions • LA Waterfront Redevelopment South Bay - Long Beach Overview • Metro Highlights 21 Downtown Development Project 40 Economy • California • Local Attraction • Demographics

FINANCIAL ANALYSIS SECTION 3 28 STR • Historical P&L • 5 Year Pro Forma

EXCLUSIVELY LISTED BY: EXECUTIVE SUMMARY

SUMMARY / EXECUTIVE CROWNE PLAZA LOS ANGELES HARBOR 601 S Palos Verdes St, San Pedro, CA 90731 CROWNE PLAZA LOS ANGELES HARBOR

5 0 44 1 6% 2 10.8 05 Acres . $163,934 1990/2016 2 173,135 SF

OFFERING PRICE NGELES HARBOR S ANGELES LO 40,000,000 $ PLAZA te Size ooms otal Square Footage tories i ear Built/Renovated 601 S PALOS VERDES ST • SAN PEDRO, CA 90731 VERDES 601 S PALOS CROWNE CROWNE OFFERING HIGHLIGHTS OFFERING T S S Y Pro Forma Cap Rate VITAL DATA R Price/Key

CROWNE PLAZA LOS ANGELES HARBOR EXECUTIVE // EXECUTIVE SUMMARY SUMMARY 6 T PROPERTY HIGHLIGHT

• UNIQUE OCEAN VIEW

• 4 MINUTE WALK TO THE OCEAN, ONLY ONE BLOCK FROM PACIFIC OCEAN AND PORT OF LOS ANGELES

• HIGH BARRIER TO ENTRY LOCATION

• 30 MINUTES AWAY FROM DOWNTOWN LA, LAX, DISNEYLAND AND OTHER MAJOR LA DESTINATIONS

• WITHIN A 5-MILE RADIUS OF LOCAL ATTRACTIONS; POINT FERMIN LIGHTHOUSE, FORT MACARTHUR, CABRILLO MARINE AQUARIUM, PORT OF LOS ANGELES WATERFRONT RED CAR LINE, USS IOWA, AND WATERFRONT PARK

• POPULAR LOCAL RESTAURANTS; THE WHALE & ALE AND RAFFAELLO RISTORANTE ARE WITHIN WALKING CROWNE PLAZA L OS ANGELES HAR BOR / EXECUTI VE SUMMAR Y DISTANCES

• CLOSE PROXIMITY TO SPACEX NEW ROCKET MANUFACTURING FACILITY, ALTA SEA AND SAN PEDRO PUBLIC MARKET 7 44 0 9696 3535 32 01099 0 144 100 244 244 268 1 3 9,635 SF 25,635 SF 17,000 SF

& Outdoor Pool Area

eting Space eting Me

d d r r rdd r

a a a a eeting Space and and M t t d tan d tan

SS SS Suites Suites al Parking Space al Parking ing Enterprise Parking Enterprise PARKING TYPE UNIT TYPEUNIT TYPE MEETING SPACE Total Number of Rooms Tot Total Enclosed Total Total Guest Parking Guest , Banquet Meeting Total K Queen Queen PROPERTY DETAILS PROPERTY

CROWNE PLAZA LOS ANGELES HARBOR EXECUTIVE // EXECUTIVE SUMMARY SUMMARY 8 / EXECUTI VE SUMMAR Y

INVESTMENT HIGHLIGHTS

• UNENCUMBERED BY MANAGEMENT

• ACCORDING TO APPROVED GOVERNMENT PLAN, $3 BILLION IS TO BE INVESTED IN SAN PEDRO WITHIN THE NEXT 10 YEARS (MAYOR GARCETTI, 2016) CROWNE PLAZA L OS ANGELES HAR BOR • SAN PEDRO – THE BUSIEST PASSENGER PORT OF CALL ON THE WEST COAST AND COMBINED WITH NEARBY PORT OF LONG BEACH, IT’S THE 9th BUSIEST PORT IN THE WORLD

9 FLOOR PLANS CROWNE PLAZA LOS ANGELES HARBOR / EXECUTIVE SUMMARY

3rd - 4th Floor

1st Floor 5th - 9th Floors

2nd Floor 10th Floor 10 Los Angeles

LAX

San Pedro Regional Long Beach

Map CROWNE PLAZA L OS ANGELES HAR BOR / EXECUTI VE SUMMAR Y

11 FOR

-TECH ONLY WILL THIS PEDRO AREA. LANDSCAPE ALWAYS BEHIND OF ON ALWAYS BEHIND ; INCLUDING USES, REPLACING THEM WITH HIGH UNIVERSITIES, DEVELOPERS, INVESTORS AND SCHOOL UNIVERSITIES, DEVELOPERS, INVESTORS S, INE MARINE RESEARCH, PUBLIC EDUCATION AND SUSTAINABLE INE MARINE RESEARCH, PUBLIC EDUCATION FACILITY ACROSS THE HARBOR WITH 700 EMPLOYEES. NOT FACILITY ACROSS THE HARBOR WITH S, AND PUBLIC LINE DESIGNER JAMES CORNER; WILL ADD RESTAURANTS, SHOP H T OF THE OLD PORTS O’ CALL VILLAGE DESIGNED BY RAPT T OF THE OLD PORTS O’ CALL VILLAGE NEW 19-ACRE IFE FOR THE LOS ANGELES WATERFRONT COMMUNITIES. IFE FOR THE LOS ANGELES WATERFRONT REDEVELOP EXISTING WATERFRONT WAREHO REDEVELOP EXISTING WATERFRONT IVALENT UNITS (THE 20’ STEEL BOX LOADED ONTO A TRAILER YOU ARE 20’ STEEL BOX LOADED ONTO IVALENT UNITS (THE AT A THE BFR DRIVERS IMPROVE THE QUALITY OF L RO PUBLIC MARKET (SPPM) GENSLER IS DEVELOPING A 35-ACRE COMPLEX THAT WILL COMB GENSLER IS DEVELOPING A 35-ACRE THE 150 MILLION DOLLAR REDEVELOPMEN HIG ARCHITECTURE BY WORLD RENOWNED SPACES TO ENERGY. $150 MILLION COMPLEX WILL SAN BRING ADDED SERVICES TO THE AREA, IT WILL BRING CONTRACTORS DOING BUSINESS WITH SPACEX TO THE RESEARCH EQUIPMENT THAT WILL BRING VISITING TOURISTS, RESEARCHE RESEARCH EQUIPMENT THAT WILL CHILDREN. SPACEX WILL BE BUILDING THE HARBOR ANGELES. PORT OF LOS AND HOME TO THE LOS ANGELES MILES FROM DOWNTOWN TWENTY-TWO (22) PEDRO IS

o o o N BUSINESSES TO LOCATE HERE. OTHER BUSINESSES TO LOCATE THREE HIGH-PROFILE PROJECTS WILL BENEFIT THE COMMUNITY FOR YEARS TO COME, AND SERVE AS INCUBATORS YEARS COMMUNITY FOR PROJECTS WILL BENEFIT THE THE FREEWAY.) THREE HIGH-PROFILE SA PORT IS THE LOS ANGELES. THE DOWNTOWN AND FREEWAYS TO ALL MAJOR LINKING THE CITY IN SAN PEDRO ORIGINATES FREEWAY A OF SOUTHERN CALIFORNIA AND BEEN AN ECONOMIC ENGINE AMERICA. THE PORT HAS ALWAYS LEADING TRADE GATEWAY OF NORTH WORLD WITH $280 BILLION OF GOODS THE NINTH-BUSIEST HARBOR IN THE THE NATIONAL ECONOMY. IT IS MAJOR CONTRIBUTOR TO HISTORY, TIME IN THE PORT’S 100-YEAR THAN IN ANY CARGO IN 2017 GIVEN YEAR. THE PORT MOVED MORE FLOWING THROUGH IN ANY FOOT EQU RACKING UP 9,343,195 TWENTY MARKET AREA INTRO: SAN PEDRO SAN INTRO: AREA ALTASEA SAN PED SPACEX ROCKET AND VESSELS MANUFACTURING FACILITY SPACEX ROCKET AND VESSELS • • • •

CROWNE PLAZA LOS ANGELES HARBOR EXECUTIVE // EXECUTIVE SUMMARY SUMMARY 12 Local Map

Crowne Plaza LA Harbor

San Pedro Public Market The Ratkovitch Company AltaSea 550 Palos Verdes Street 35-acre ocean exploration 375-unit apartment building business incubator campus completing 2020

SpaceX Rocket and Shipbuilding Factory CROWNE PLAZA L OS ANGELES HAR BOR / EXECUTI VE SUMMAR Y

13 CROWNE PLAZA LOS ANGELES HARBORPROPERTY // EXECUTIVE PHOTO SUMMARY 14 15 CROWNE PLAZA LOS ANGELES HARBOR // EXECUTIVE SUMMARY CROWNE PLAZA LOS ANGELES HARBORPROPERTY // EXECUTIVE PHOTO SUMMARY 16 17 CROWNE PLAZA LOS ANGELES HARBOR // EXECUTIVE SUMMARY SUITES OVER 17,000 SQUARE FEET OF FLEXIBLE MEETING & FUNCTION EST ROOMS, INCLUDING 39 SUITES OVER 17,000 SQUARE U G

4 4 REFRIGERATORS IN EVERY GUEST HIGH SPEED INTERNET ACCESS, REFRIGERATORS COMPLIMENTARY AMENITIES INCLUDE AVAILABLE ON-SITE GUEST LAUNDRY FACILITY VALET AND SELF PARKING AVAILABLE BLU BAR AND RESTAURANT THREE MILES FROM LONG BEACH 2 SPACE THAT CAN ACCOMMODATE UP TO 450 PEOPLE SPACE THAT CAN ACCOMMODATE CENTER -OF-THE-ART BUSINESS AND FITNESS ROOM AND USE OF THE STATE PROPERTY HIGHLIGHTS • • • • •

CROWNE PLAZA LOS ANGELES HARBORPROPERTY // EXECUTIVE PHOTO SUMMARY 18 19 CROWNE PLAZA LOS ANGELES HARBOR // EXECUTIVE SUMMARY XCTV SUMMARY EXECUTIVE HARBOR / ANGELES LOS PLAZA CROWNE RPRYPHOT O PROPERTY

s 20 NEIGHBORHOOD NEIGHBORHOOD OPPORTUNITY

OPPORTUNITY //

CROWNE PLAZA LOS ANGELES HARBOR 601 S Palos Verdes St, San Pedro, CA 90731 CROWNE PLAZA LOS ANGELES HARBOR

21 the Iowa armored 1943, and USS in cabin, the is include visits to see artifact Roosevelt's commissioned

main Daily tours originally President was museum's room,

The ward battleship The officers Museum. ship, Iowa battleships. Navy

USS of U.S. The a class berthing, mess decks, helicopter deck, and other areas. The ship is located at the on Iowa locates the caliber) of away ship (16"/50 walk

lead guns 5-minute TTRACTIONS A LOCAL largest bridge, missile decks, enlisted ailable. parking spaces av Center and has over 2,100 Los Angeles World Cruise A (BB-61), served during World War II, the Korean War, and through the Cold War. LOS ANGELES MUSEUM - BATTLESHIP USS IOWA USS - BATTLESHIP MUSEUM ANGELES LOS

CROWNE PLAZA LOS ANGELES HARBOR ///NEIGHBORHOOD NEIGHBORHOOD OPPORTUNITY OPPORTUNIT 22 NEIGHBORHOOD OPPORTUNITY //

LA WATERFRONT PARK & FOUNDATION Only 0.2 mile from Crowne Plaza Los Angeles Harbor, the LA Waterfront is the ideal place to be for outdoor fun and events against the stunning backdrop of the Port of Los Angeles. With several waterfront development projects located in the harbor communities of San Pedro and Wilmington, there is no shortage of treasures waiting to be discovered along the LA Waterfront.

CABRILLO BEACH & MARINA A 10-minute ride away from Crowne Plaza Los Angeles Harbor, locates the Cabrillo Beach, which is the most popular for swimming, wading, and sunbathing, while the exposed outer beach attracts more surfers. Attractions such as the Cabrillo Marine Aquarium, the Carbrillo Coastal Trail, the fishing pier and the small boat launch ramp CROWNE PLAZA LOS ANGELES HARBOR help make Cabrillo Beach a very popular destination. 23 The LA Waterfront consists of a series of waterfront development and community enhancement projects enhancement and community development of waterfront of a series Waterfront consists The LA San in the harbor communities of of Los Angeles property than 400 acres of existing Port blanketing more to decade, and there is still more dramatically over the last This area has changed Pedro and Wilmington. that provide additional open to supporting projects of Los Angeles remains committed come. The Port public access. space and encourage TERFRONT REDEVELOPMENT WATERFRONT LA

CROWNE PLAZA LOS ANGELES HARBOR //NEIGHBORHOOD NEIGHBORHOOD OPPORTUNITY OPPORTUNITY 24 PORTS O’ CALL VILLAGE REDEVELOPMENT/SAN PEDRO PUBLIC MARKET

The redevelopment Plans for San Pedro Public Market include 16 acres of restaurants, shopping, fresh markets, office space and a waterfront promenade with ample outdoor space and an open-air amphi-theater for live entertainment. Construction began in 2017 at project cost of $150 million, paid by the developer, LA NEIGHBORHOOD OPPORTUNITY Waterfront Alliance (The Ratkovich Company and Jerico // Development). The San Pedro Public Market is expected to open WILMINGTON in 2020. WATERFRONT PEDESTRIAN BRIDGE

The project would involve constructing a new bridge over an existing depressed rail yard, with renderings showing a new cable-stayed pedestrian bridge crossing the gap. The nine-acre Wilmington Waterfront project will be located at the end of this path abutting the harbor. CROWNE PLAZA LOS ANGELES HARBOR 25 a sold events. was full- a Pappy’s, special street

be open will and

to Centre also and plan that and Sixth entertainment beer at year craft lot last catering, with for late venue million restaurant

Pappy’s Seafood Restaurant 5,000-square-foot $1.6 spectrum seafood for The 3. be rise a new real - to a a nty ild high houses bu Cou with downtown at about to Councilman s th ’ planned glass Vue City rary Pedro continues project Carmel San nit is expected is u Angeles - 1.8-acre site 1.8-acre near 47 contempo story Los a he Courthouse. is 16- Street. by T

revitalization . Street th the

One Fifth 16 . of lson W district Ne June waterfront Nelson arts 255 . design on One at

the and ls Pedro f Supervisors, Vancouver, Washington-based Vancouver, Supervisors, f unveiled 533-537 o andoned San Pedro San andoned

away

at San Pedro Courthouse San Buscaino Ne ab mirror ate firm Holland Partner Group Group Partner Holland firm ate llowing a unanimous vote by the Los Angeles Los the by vote unanimous a llowing e xed-use development on the on development xed-use Fo The mi Board est the block shopping Jo built will project 2. 1. DOWNTOWN DEVELOPMENT PROJECT DEVELOPMENT DOWNTOWN

CROWNE PLAZA LOS ANGELES HARBOR //NEIGHBORHOOD NEIGHBORHOOD OPPORTUNITY OPPORTUNITY 26 NEIGHBORHOOD OPPORTUNITY

6. La Terra Apartments // LaTerra Development plans to reposition the project by re-entitling 4. Palos VerdeApar tment the site for 24 fee-simple homes under the popular City of Los Angeles Small Lot Ordinance. The homes are planned to Beverly Hills real estate investment firm Omninet Capital, have direct access garages, and rooftop decks providing LLC submitted plans for a residential-retail complex at valuable private outdoor open space, taking advantage of views 550-560 S. Palos Verdes Street. The project, which would of the harbor and the magnificent Vincent Thomas San Pedro Bridge. span across 2.5-acres, consists of a six-story structure that would offer 404 residential units above 5,200 square feet of ground-floor retail space.

5. Port Town Brewery Since Fall 2017, Port Town Brewing Company has been operating a production brewery and tap room, as well as offering brewery tours, beer to go and occasional special events. The group behind the project are owners of San Pedro Brewing Company, the oldest operating brewery in the City of Los Angeles. CROWNE PLAZA LOS ANGELES HARBOR 27 CROWNE PLAZA LOS ANGELES HARB OR //

MARKET OVERVIEW

CROWNE PLAZA LOS ANGELES HARBOR 601 S Palos Verdes St, San Pedro, CA 90731 MARKET OVERVIEW MARKET OVERVIEW

40s 41 CROWNE PLAZA LOS ANGELES HARBO // MARKET OVERVIEW ds Los a grow of to househol boasts Port of the projected region half is The just Airport, and a large rental market. BEACH allow Beach. G million

N generating values 1.3 Long International

LO of

home, home

Port AY- Angeles their High the Los approximately

own of PORT ACTIVITY are the two busiest The ports of Los Angeles and Long Beach in the trade, ports in the nation, underpinning employment transportation and utilities sector. LABOR POOL EDUCATED High educational attainment supports hiring in the business services and healthcare sectors. residents Roughly 23 percent of LOCATION STRATEGIC Los Angeles International Airport and two port facilities provide an ideal location for e-commerce and logistics companies. to and 2022.

includes afford Angeles OVERVIEW County Angeles Los southwestern of area Beach Bay-Long South The contains 21 miles of coastline between Long Beach and El Segundo and SOUTH B SOUTH to through population METRO HIGHLIGHTS

CROWNE PLAZA LOS ANGELES HARB ORMARKET // MARKET OVERVIEW OVERVIEW 42 ECONOMY

► The area’s economy historically relied on the aerospace industry and defense-related technologies, including vices firms and corporate headquarters. Significant operations are held by American Honda Motor Co., BP, Snapchat and Mattel.

► Widespread diversification in recent years has produced a large contingent of professional and business services firms and corporate headquarters. Significant operations are held by American Honda Motor Co., BP, Snapchat and Mattel.

► A growing population base and public healthcare have supported growth in the education and healthcare MARKET OVERVIEW sector thanks to both public and private employers.

DEMOGRAPHICS

2017 2017 2017 2017 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 1.3M 487K 38.1 $70,000 Growth Growth U.S. Median: U.S. Median: 2017-2022*: 2017-2022*: 0.5% 2% 37.8 $56,300 CROWNE PLAZA LOS ANGELES HARB O /

43 er Cruise Center

Cruise Center Cruise Convention Cent

iles from site iles from site Miles from site M 8 M

ong Beach Trump National Golf Course L Port of LA World Long Beach 5.7 10 10. 0.8 Miles from site Crafted at the Port of LA Port at the Crafted 1.2 Miles from site Pappy's Seafood 0.1 Miles from site ► ► ► ► ► ► inal torante is Aquarium R

a MacArthur Museum MacArthur Iow

g Beach Raffaello Neil's Pasta & Seafood Grill Pasta Neil's 0.02 Miles from site The Whale & Ale 0.01 Miles from site 0.5 Miles from site S Miles from site Miles from site Miles from site S ong Beach, Ca - Queen Mary Bus Stop Bus Ca - Queen Mary ong Beach, PARKS & RECREATION PARKS TRANSPORTATION Downtown Long Beach Station Downtown L Fort Catalina Express Cruise Term U The LA Maritime Museum The LA Maritime Lon 2.5 Miles from site 10 0.8 Miles from site 0.2 9.8 RETAIL & RESTAURANTS RETAIL ► ► ► ► ► ► ► ► ► ► LOCAL ATTRACTIONS LOCAL

CROWNE PLAZA LOS ANGELES HARB ORMARKET // MARKET OVERVIEW OVERVIEW 44 CALIFORNIA Supply Wave Meets Hotel Accommodation Needs From Tourism and Business

California hotels’ occupancy, ADR and RevPAR continue to improve this year. Southern California drives performance for the region, with San Diego and Orange County reporting the highest growth rates in

RevPAR and ADR, respectively, last year. San Diego tourism continues to benefit from profitable convention activity. San Diego Comic-Con aloneadds around 58,000 hotel room nights per year, with an estimated economic impact of $143 million. In 2018, Los Angeles will open 3,880 new rooms, the most of any city in MARKET OVERVIEW the state, experiencing a temporary drop in occupancy as a result. This measure will recover over time as the local economy remains healthy and the number of annual visitors stays strong. Tourism for LA increased 2 percent in 2017, aided by 11 new nonstop international routes into Los Angeles

International Airport that make it easier for these travelers to add Southern California entertainment venues to their schedule.

Investment landscape characterized by private investors seeking independent hotels in

Southern California. Positive hotel performance fuels investor demand for Golden State hotels, evidenced by an increase in transaction velocity last year across all chain scales. Overall, independent hospitality operations represented 43 percent of the deal pool. Regardless of classification, hotels located in the Inland Empire and in Los Angeles continue to be the most sought after by buyers. Orange County and San Diego also reported a higher number of trades, as region-leading increases in ADR and RevPAR drew investors’ attention. Non-institutional buyers from the state are active in each of these four markets, seeking older vintage assets with fewer than 100 rooms. Yields for such properties skew higher than the regional average of mid-7 percent, offering greater initial first-year returns in top-tier markets. CROWNE PLAZA LOS ANGELES HARB O /

45 / US

in in the to

units this San Pedro $426,997 was housing Compare San Pedro Area is as follows: San Pedro Area, this is also occupied of Hispanic origin are counted San Pedro Area Pedro San renter in San Pedro Area. in People of Hispanic origin make up 69.80% of the 7,606 value median rent at the time was $564. owner occupied housing units in and 5.53% 12.85% Black, 0.19% Native American were 7.99% Black, 0.65% Native American and 4.64% Asian population housing Area. The year were 1,956 median Housing The Area and there San Pedro of $193,953. In 2000, 2017, compare this to the US average there independently of race. current average of 17.88%. Asian/Pacific Islander. People The current year racial makeup of 48.08% White, US averages which are: Pacific Islander. Compare these to 70.42% White, Race and Ethnicity Employment this geography, and 54.73% are employed in blue-collar occupations. area is 10.32%. In 2000, the average In 2017, unemployment in this was 28.00 minutes. time traveled to work known as the daytime population. The 2000 Census revealed that 44.87% of employees are employed in white-collar occupations in In 2017, there are 12,005 employees in

by be the the The Area Area now,

which 7,917, 3.67% current will median Area is that $1 $50,364, household of Area. The this to from is year. The is The changed Pedro San Pedro San Pedro from now,

Pedro years has estimated change in median current is female. a

five It $30,982. the San Pedro Area

Area 32,095. The Area is 217. the Pedro Area is density in

San Pedro Area that 2000. is 33.32, compare 50.39%

32,440 from

San in Pedro represents which and be in since San Pedro population 1.07% households will which be $35,801 five years income estimated male for of of The 61 households in San average, 11.65% is income will

now, San Pedro Area The average household size in by It capital US in 49.61% 37.83. income number

change from is per the a the US average which is $81, the 2000. changed San Pedro Area to years people per square mile. year

that in San Pedro Area has this to compare this to the US average which is currently $56,286. The since household in the population the current year.

average household current of Households 11,467 five 15.68% since 2000. It is number of households has changed by estimated from There are currently 11,0 is 2.80 persons. Income Population population is 10,215.34 San the population in In 2017, population US average which is which represents age current population median $32,528, for San In 2017, the median household income compare this 29.76% represents a change of 10.06% from the current year. The year compare income DEMOGRAPHICS

CROWNE PLAZA LOS ANGELES HARB ORMARKET // MARKET OVERVIEW OVERVIEW 4546 DEMOGRAPHICS

POPULATION 1 Mile 3 Miles 5 Miles HOUSEHOLDS BY INCOME 1 Mile 3 Miles 5 Miles §2022 Projection §2017 Estimate Total Population 32,440 108,933 215,061 $200,000 or More 1.84% 7.12% 7.40% §2017 Estimate $150,000 - $199,000 1.80% 6.96% 6.39% Total Population 32,095 108,298 214,504 $100,000 - $149,000 6.76% 14.57% 14.30% §2010 Census $75,000 - $99,999 8.31% 11.53% 11.77% Total Population 30,318 103,852 206,477 $50,000 - $74,999 15.78% 16.78% 17.71% §2000 Census $35,000 - $49,999 12.51% 10.68% 11.40% Total Population 28,747 103,289 203,458 $25,000 - $34,999 13.56% 9.82% 9.81% §Daytime Population $15,000 - $24,999 17.69% 11.13% 10.40% MARKET OVERVIEW 2017 Estimate 23,888 145,687 240,421 Under $15,000 21.75% 11.42% 10.81% HOUSEHOLDS 1 Mile 3 Miles 5 Miles Average Household Income $50,364 $89,993 $91,433 §2022 Projection Median Household Income $32,528 $59,351 $60,173 Total Households 11,467 40,408 74,911 Per Capita Income $17,917 $33,438 $31,646 §2017 Estimate POPULATION PROFILE 1 Mile 3 Miles 5 Miles Total Households 11,061 39,675 73,568 §Population 25+ by Education Level Average (Mean) Household Size 2.80 2.66 2.85 2017 Estimate Population Age 25+ 20,386 74,035 144,047 §2010 Census Elementary (0-8) 16.78% 9.56% 10.35% Total Households 10,412 37,785 70,370 Some High School (9-11) 15.28% 9.88% 10.50% §2000 Census High School Graduate (12) 25.44% 21.79% 22.40% Total Households 9,562 37,387 69,184 Some College (13-15) 19.47% 22.34% 21.21% HOUSING UNITS 1 Mile 3 Miles 5 Miles Associate Degree Only 6.81% 7.96% 7.48% §Occupied Units Bachelors Degree Only 9.55% 16.79% 16.32% 2022 Projection 11,467 40,408 74,911 Graduate Degree 2.73% 9.41% 9.18% 2017 Estimate 11,653 41,141 75,658 Created on April 2018 CROWNE PLAZA LOS ANGELES HARB O /

47 CROWNE PLAZA LOS ANGELES HARBOR EXCLU SIVE L Y LIS TED BY H K & Lee Advisors

Activ ity ID: Z0330792