OFFERING MEMORANDUM he 833 TW. Duarte Rd, 833 Arcadia CA 91007 Exclusively Listed by: Han Widjaja Chen, CCIM - President President | Dir 626.594.4900 [email protected] 833 WEST DUARTE, ARCADIA

Table of Contents The Growth Investment Group SECTION 01. EXECUTIVE SUMMARY Han Widjaja Chen, CCIM Leo Shaw Summary & Highlights President Vice President Dir 626.594.4900 | Fax 626.316.7551 Dir 626.716.6968 Aerial Photos [email protected] [email protected] Area Amenities Broker License No. 01749321 Broker License No. 01879962 Local Map Justin McCardle Spencer Rands Regional Map Vice President Vice President Parcel Map Dir 909.486.2069 Dir 949.303.0290 Property Photos [email protected] [email protected] License No. 01895720 Broker License No. 01388490 SECTION 02. FINANCIALS Matthew Guerra Arin Gharibian Financial Analysis Broker Associate Senior Associate Rent Roll Dir 626.898.9740 Dir 310.919.6655 [email protected] [email protected] Tenant and Lease Summary License No. 02022646 License No. 01946372 Sales Comparable Jeanelle Mountford Marc Schwartz Broker Associate Senior Associate SECTION 03. MARKET OVERVIEW Dir 626.898.9710 [email protected] City of Pasadena [email protected] License No. 01515007 Demographics License No. 01737872 Ryan Yip Jackelyn Sutanto Broker Associate Marketing Associate Dir. 626.898.7290 Dir. 626.594.4901 [email protected] [email protected] DISCLAIMER AND CONFIDENTIALITY AGREEMENT: License No. 02087685 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: 833 W DUARTE RD. ARCADIA, CA 91007 (“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 Owner or the Property, to be all-inclusive or to con- tain all or part of the information that 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 Growth Investment Group. 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. Neither the Owner nor Growth Investment Group, 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. 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 Growth Investment Group. 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 Growth Investment Group. 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. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Growth Investment Group.

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 2 01. EXECUTIVE SUMMARY 833 WEST DUARTE, ARCADIA SUMMARY Investment & Property Highlights

Subject Property: 833 West Duarte Ave. • Superb location in a highly desirable city of Arcadia; located Arcadia, CA within Arcadia Unified School District Year Built: 1960 • Superb amenities - Across the street from 2 major shopping centers (99 Ranch Market in President Square, and ARCADIA Building Area: 8,838 SF HUB with Vons, Burlington Factory, and LA fitness as the major tenants), walking distance to retail stores on Baldwin Ave Lot Size: 16,481 SF • Centrally located with access to all amenities City of Arcadia Assessor’s parcel number: 5783-005-035 has to offer (Santa Anita Mall, , schools, library, retail stores, etc.) Number of Units: 12 • High barriers to entry market with very limited inventory for Zoning: R3 apartment investment • Superb Demographics with over $97,900 average HH income Parking: 15 within 1-mile radius Unit Mix: 9 x 1Bed + 1Bath • Good unit mix with rental upside potential; Non rent 1 x 2Bed + 1Bath controlled 1 x 2Bed + 2Bath • Minutes away from multiple new developments (townhomes, 1 x 3Bed + 3Bath condominiums and multimillion dollars single family residential) Walk Score: 79 out of 100 • Large lot size with ample parking; Recently filled in pool converted into a central courtyard Price: $3,900,000 • Each unit is separately metered for gas and electricity, Price Per Unit: $325,000 individual water heater • Double pane windows throughout, Windows A/C, laundry CAP Rate Actual/Proforma: 3.71% / 4.71% facility, secured parking area GRM Actual/Proforma: 17.75 / 15.00 • Some units have been upgraded with hardwood floor, This information has been secured from sources we believe to be reliable, but we granite kitchen countertops with new cabinets make no representations or warranties, expressed 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.

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 4 833 WEST DUARTE, ARCADIA

Aerial Photos

San Gabriel Mountains LA ARBORETUM WESTFIELD SANTA ANITA SANTA ANITA RACE TRACK METHODIST HOSPITAL

ARCADIA HIGHSCHOOL FWY 210

Baldwin Ave

Duarte Rd

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 5 833 WEST DUARTE, ARCADIA

Aerial Photos

DAISO VONS

KOKUMI Baldwin Ave

LA FITNESS

Duarte Rd 99 RANCHAU79

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 6 833 WEST DUARTE, ARCADIA

Aerial Photos

San Gabriel Mountains

OLD TOWN PASADENA FWY 210 LOS ANGELES ARBORETUM WESTFIELD SANTA ANITA MALL SANTA ANITA RACE TRACK

Duarte Rd

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 7 833 WEST DUARTE, ARCADIA

EXECUTIVE SUMMARY and nine (9) x 1bedroom+1bathroom (* ±566 square feet). One unit The Growth Investment Group is proud to offer THE 833, a 12-unit has a private patio area (sundeck) above carport. apartment in the City of Arcadia, . This offering presents a rare opportunity to investors to acquire a strategically located, The property is separately metered for electricity and gas, windows value-add apartment in the City of Arcadia, CA; one of the A/C, wall heater, and individual water heater. There are total of 15 strongest and healthiest sub-market in West area. parking spaces which are provided by 2 detached carports in the Known for its high barriers to entry and low inventory for multifamily back (12 carport spaces) and 3 open spaces parking in the front investment offering has made this city one of the most desirable of the building. The property’s recent capital improvements are locations for multifamily investment. dual pane windows throughout in every unit and filled in swimming pool. Several units have been partially upgraded with new kitchen THE 833 is situated on a large 16,481 square feet lot and was built in cabinets; granite kitchen countertops, tiled bathroom, and Pergo 1960. It is a garden style two-story apartment with center courtyard laminate flooring. (seller recently filled in the swimming pool). The property offers excellent unit mix with one (1) large x 3bedroom+3bathroom (* ±1,475 square feet), one (1) x 2bedroom+2bathroom (* ±1,023 square feet), one (1) x 2bedroom+1bathroom (* ±669 square feet),

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 8 833 WEST DUARTE, ARCADIA

Location Amenities and Access

The property is centrally located at the heart of the City of Baldwin Stocker Elementary, etc.), Westfield Santa Anita Mall Arcadia. The city was recently featured as “Chinese Beverly Hills” (a regional indoor with national retailers such as by (December 3, 2014) due to its strong pull , JC Penney, Macy’s, and Forever 21), L.A. County for foreign (Chinese) money in its thriving residential (single family Arboretum and Botanic Garden, Arcadia Public Library, and all house) real estate market. This property is located within the amenities the City of Arcadia has to offer. prestigious Arcadia Unified School District where 4 of the schools It is also minutes away from Santa Anita Park, a thoroughbred were in the top 25 of 2013 L.A. County Highest API Scores. horse racetrack that offers some of the prominent racing events in It is located right across the street from two (2) major shopping the U.S. during winter and spring. centers in the area; ARCADIA HUB Shopping Center, a Methodist Hospital is minutes away on Huntington Drive. The ±256,000sqft power center anchored by national retailers such property also offers excellent access to three major freeways in as Vons, LA Fitness, Burlington Coat Factory, Starbucks, Panda the area (FWY 10, FWY 210, and FWY 605) providing superb access Express, Subway and moms and pops retail stores; and PRESIDENT to other parts of Greater Los Angeles area. SQUARE Shopping Center, a community shopping center anchored by 99 Ranch Market (a popular Asian supermarket chain) and multiple restaurants. It is surrounded by multiple residential townhouses on its west and east sides.

It is strategically located within minutes away to several public schools (Holy Avenue Elementary, Camino Grove Elementary,

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 9 833 WEST DUARTE, ARCADIA

Local Map

SANTA ANITA PARK LOS ANGELES ARBORETUM

L E G E N D (BASED ON DRIVING) DOWNTOWN ARCADIA - to 99 Ranch Market, Vons, LA Fitness, other stores 0 miles < 1 minute walk WESTFIELD SANTA ANITA MALL

- to Westfield Santa Anita, 0.9mile <15 minutes walk 833 West Duarte Ave Arcadia, CA - to LA Arboretum, 1.5 miles ~5 minutes by car

- to Arcadia High School, ARCADIA HIGH <1.5 miles <5 minutes by SCHOOL car PRESIDENT SQUARE - to Din Tai Fung, Sinbala and other restaurants <0.3 miles <6 minutes walk

METHODIST HOSPITAL

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 10 833 WEST DUARTE, ARCADIA

AREA AMENITIES

Westfield Distance from The 833: 10 minute walk, Distance from The 833: 5 minute drive 0.5 miles 626 Night Market 1.7 miles Santa Anita Mall This mecca of fashion, fitness, decor, and 626 Night Market is a large-scale night electronics also has an exceptional food market located in the 626 area code court, frequent special events, and a kid’s region of San Gabriel Valley, northeast play area. of Los Angeles. Its events are held monthly during the summer each year

Distance from The 833: 7 minute drive, Distance from The 833: 5 minute drive, Los Angeles County 2 miles Santa Anita 1.7 miles Arboretum Racetrack “The arboretum is a must see if you’re in Santa Anita Park is a Thoroughbred the area. From the lake to the Queen Anne racetrack in Arcadia, California.It offers Cottage ) to the Hugo Reid Adobe,the some of the prominent horse racing plants ,etc ,etc oh and the peafowl. events in the United States during early There have been hundreds of things filmed fall, winter and in spring here over the decades. Everything from Fantasy Island to Anaconda and a lot in between. There’s a lot of history,beauty and photo opps here that make it worth the trip.” - Trip Advisor

Distance from The 833: 7 minute drive, Distance from The 833: 15 minute drive, Downtown Arcadia 2.5 miles Eaton Canyon 5.5 miles

Downtown Arcadia, Calif., is the heart Eaton Canyon is a 190-acre zoological, (and soul) of an eclectic, family-friendly botanical, and geological nature preserve city. You’ll find places to eat, drink, situated at the base of the beautiful San shop, play and discover. All within one Gabriel Mountains. Visitors can enjoy its pedestrian-friendly central district. hiking trails, equestrian trails with a staging area, picnic areas, seasonal stream, rocks and minerals, various natural habitats, native plants, and wildlife.

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 11 833 WEST DUARTE, ARCADIA

AREA AMENITIES Distance from The 833: 20 minute Distance from The 833: 10 minute drive, 3.8 Downtown Pasadena drive, 7 miles Santa Anita miles Golf Course Downtown Pasadena California is the With a superb view of the towering San central business district of Pasadena, Gabriel mountains, Santa Anita Golf California. It is centered on Fair Oaks Course provides a unique and memorable Avenue and Colorado Boulevard atmosphere for any gathering. Professional and is divided into three distinct staff, convenient location, and plenty neighborhoods: , the of free parking make the facilities an Civic Center, and Monk Hill. excellent venue in a majestic setting. Originally part of the Lucky Baldwin Ranch, Downtown Pasadena is known for its and later an Army Balloon School Facility, historical buildings that have been Santa Anita is one of the finest public golf preserved throughout the years. courses in Los Angeles County. They also specialize in one-of-a-kind weddings, banquets, and special events with 2700 ft2 of elegant indoor space.

Distance from The 833: 16 minute Old Town Pasadena Distance from The 833: 20 minute drive, Rose Bowl Stadium drive, 7 miles 7.5 miles The world-famous Rose Bowl Old Pasadena, often referred to as Old Stadium in Pasadena has hosted Town Pasadena or just Old Town, is the five Super Bowls, gold medal original commercial center of Pasadena. matches for two Summer Olympics, two FIFA World Cup Finals, superstar The area was also an artistic center, the concerts and the annual Rose Bowl home to Andy Warhol’s west coast debut, Game for which it’s named. the Pasadena Museum of Modern Art (one of the earliest modern art museums Sports Illustrated has named Rose in the country, now the Norton Simon Bowl Stadium the number one Museum), and before that a center of venue in college sports and one suffragist and pacifist movements, and of the Top 20 Venues of the 20th other liberal causes. Century.

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 12 SANSAN GABRIELGABRIEL

833 WEST DUARTE, ARCADIA SANTA CLARITA Regional Map

NORTHRIDGE

BURBANK VAN NUYS AIRPORT VAN NUYS BURBANK AIRPORT GLENDALE PASADENA RANCHO MONROVIA CUCAMONGA ENCINO UPLAND GLENDORA SAN BERNARDINO STUDIO ARCADIA CITY BALDWIN PARK FONTANA BEVERLY POMONA ONTARIO HILLS DOWNTOWN ONTARIO LOS ANGELES INT'L AIRPORT CITY OF CHINO SANTA INDUSTRY MONICA MIRA CULVER LOMA RIVERSIDE CITY DIAMOND BAR MARINA LOS ANGELES CO. S A N B E R N A R D I N O C O U N T DEL REY SANTA FE O R A N G E C O U N T Y SPRINGS BREA LAX EL SEGUNDO CORONA MANHAManhTTatANtan NORWALK Y BEABeCHach FULLERTON

HERMOSA R IV E R S ID E C O U N T Y BEACH LONG ANAHEIM TORRANCE BEACH AIRPORT

GARDEN PALOS GROVE ORANGE VERDES SANTA LONG ANA SAN BEACH PEDRO PORT OF LONG PORT OF BEACH PAGE 13 HAN WIDJAJA CHEN 626.594.4900 [email protected] ANGELES COSTA JOHN MESA WAYNE HUNTINGTON AIRPORT BEACH IRVINE

NEWPORT BEACH BEACH LAGUNA NIGUEL

DANA POINT SAN CLEMENTE

CAMP PENDLETON 833 WEST DUARTE, ARCADIA

Parcel Map

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 14 833 WEST DUARTE, ARCADIA

Property Photos

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGEPAGE 1515 833 WEST DUARTE, ARCADIA

Property Photos

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGEPAGE 1616 02. FINANCIALS 833 WEST DUARTE, ARCADIA Financial Analysis

Investment Overview Unit Mix and Rent Schedule Proforma Total Price $ 3,900,000 Units Type Current Rent Total Rent Rent Proforma Price Per Unit $ 325,000 1 3B + 3B $ 2,050 $ 2,050 $ 2,300 $ 2,300 Price Per SF $ 441 1 2B + 2B $ 1,780 $ 1,780 $ 2,050 $ 2,050 Cap Rate 3.71% 1 2B + 1B $ 1,596 $ 1,596 $ 1,950 $ 1,950 GRM 17.75 9 1B + 1B $ 1,424 $ 12,820 $ 1,700 $ 15,300 Proforma CAP Rate 4.71% 12 $ 18,246 $ 21,600 Proforma GRM 15.00 Income Current Proforma Property Information Annual Gross Rent $ 18,246 per month$ 218,952 $ 259,200 Building Size 8,838 Laundry Income $ 65 per month $ 780 $ 780 Lot Size 16,481 Gross Scheduled Income $ 219,732 $ 259,980 Number of Units 12 Vacancy Factor 3.00% $ (6,592) $ (7,799) Year Built 1960 Effective Gross Income $ 213,140 $ 252,181 Parcel(s) 5783-005-035 Zoning R3 Expenses Current Proforma Parking 15 spaces Operating Expenses (Current/Potential) New Property Taxes 1.070789% $ 41,761 $ 41,761 per assessor Proposed Financing Direct Assessment $ 2,944 $ 2,944 per assessor Down Payment $1,755,450 Insurance $ 0.51 per SF $ 4,497 $ 4,497 actual 2019 Approximate Loan Amount $2,145,550 Electricity $89.70 per month$ 1,076 $ 1,076 actual 2019 Interest Rate 3.550% Gas $21.63 per month $ 260 $ 260 actual 2019 Loan To Value 55.0% Water $266.37 per month$ 3,196 $ 3,196 actual 2019 Annual Debt Service $117,388 Waste management $196.31 per month$ 2,356 $ 2,356 actual 2019 Debt Coverage Ratio 1.23 Repairs & Maintenance $306.45 per month$ 3,677 $ 3,677 actual 2019 Year-1 Net Cash-Flow $27,323 Pest Control $51.92 per month $ 623 $ 623 actual 2019 Year-1 Principal Reduction $40,827 Gardening $136.13 per month$ 1,634 $ 1,634 actual 2019 Year-1 Cash-On-Cash Return $68,150 Off‐site management 3% of EGI $ 6,394 $ 6,394 new estimate Year-1 Cash-On-Cash Return 3.88% Total Operating Expenses 32% of EGI $ 68,418 $ 68,418

Loan Type New loan, 5-year Expenses Per Unit $ 5,701 $ 5,701 fixed, 30-year Expenses Per SF $ 7.74 $ 7.74 amortization

Current Proforma Net Operating Income $ 144,722 $ 183,763

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 18 833 WEST DUARTE, ARCADIA

Rent Roll Last Rent Increase Unit Unit Type Current Rent Proforma Rent Remark Date

1 1B + 1B $ 1,500 $ 1,700 new tenant, 1yr lease

2 1B + 1B $ 1,280 $ 1,700 mtm

3 1B + 1B $ 1,429 $ 1,700 mtm 2/1/2020 1-yr lease, concession: 4 1B + 1B $ 1,500 $ 1,700 13th month free rent 5 2B + 2B $ 1,780 $ 2,050 mtm 2/1/2020

6 1B + 1B $ 1,402 $ 1,700 mtm 2/1/2020

7 2B + 1B $ 1,596 $ 1,950 mtm 2/1/2020

8 1B + 1B $ 1,600 $ 1,700 new tenant, 1yr lease

9 1B + 1B $ 1,402 $ 1,700 mtm 2/1/2020

10 1B + 1B $ 1,402 $ 1,700 mtm

11 3B + 3B $ 2,050 $ 2,300 mtm 2/1/2020

12 1B + 1B $ 1,305 $ 1,700 mtm 2/1/2020

TOTAL $ 18,246 $ 21,600

UNITS TYPE Average Rent Min Rent Max Rent Proforma Rent

1 3B + 3B $ 2,050 $ 2,050 $ 2,050 $ 2,300 1 2B + 2B $ 1,780 $ 1,780 $ 1,780 $ 2,050 1 2B + 1B $ 1,596 $ 1,596 $ 1,596 $ 1,950 9 1B + 1B $ 1,424 $ 1,424 $ 1,424 $ 1,700

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 19 03. AREA OVERVIEW

01.03. 833 WEST DUARTE, ARCADIA Market Overview: City of Arcadia Arcadia is a city in Los Angeles County, California, United States city. In 2005, the Westfield Santa Anita completed its first phase located about 13 miles (21 km) northeast of downtown Los Ange- of expansion featuring a new food court, Sport Chalet, Dave & les in the San Gabriel Valley and at the base of the San Gabriel Busters, numerous smaller retailers, various full-service eateries Mountains. It is the site of the Santa Anita Park racetrack and in an area known as Restaurant Square, and a 16-screen home to the Los Angeles County Arboretum and Botanic Gar- AMC Theatres. In 2008, expansion of the mall continued as the den. Promenade outdoor structure was completed, with new high- end retailers such as Coach and Talbots. Arcadia’s Upper Rancho neighborhood was ranked the 23rd richest neighborhood in by Business Insider in The proposal by Caruso Affiliated and Magna Entertainment to 2014, with a mean household income of $310,779. build a second large shopping mall adjacent to Westfield Santa Anita on the grounds of the Santa Anita Park racetrack will not In 2010, Bloomberg Businessweek named Arcadia as one of the be coming into fruition anytime soon. The controversial project, “Best Places to Raise Your Kids” for the second year in a row. known as “The Shops at Santa Anita”, had prompted heated debate among some residents in the community and enormous Economy spending by corporate interests in favor and against the Arcadia’s economy is driven by wholesale trade, retail trade, project. If the second mall had been built, the combined size manufacturing, health care and social assistance, arts, of the two malls will make Arcadia the largest retail shopping entertainment, and recreation. Revenue from the Santa Anita district in Los Angeles County. “The Shops at Santa Anita”, which Racetrack has long supported capital improvements for the require City Council approval, would have included signature City of Arcadia, resulting in the City having very little bonded retail, restaurants, and landscaping featuring a large decorative indebtedness. water display, all situated in what is the race track’s southern parking area, severely curtailing race track parking property. The Westfield Santa Anita mall is a major shopping center in the

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 21 833 WEST DUARTE, ARCADIA

Market Overview: City of Arcadia Education the No Child Left Behind program, Academic Performance Index For primary and secondary education the city is served by the (API), and Adequate Yearly Progress (AYP). The requirements Arcadia Unified School District. Reading scores for the AUSD are are many and strict, and are based on such areas as a strong 76.6% higher than the state average and math scores are 67.9% curriculum, solid library media services, professional teachers, and higher than the state average. It is estimated that 88% of Arcadia counseling programs at all grade levels. In 2010, BusinessWeek students are at public schools and 12% in private and/or parochial ranked Arcadia as the best place to raise children in the state of institutions. California for the second year in a row, citing the city’s excellent school system as one of the factors in addition to the low crime Arcadia Unified School District has one highly ranked and rate. prestigious high school, Arcadia High School. It is among the few public high schools in California to receive a distinguished The Academic Performance Index measures the academic GreatSchools Rating of 10 out of 10. There are three middle performance and growth of schools on a variety of points. schools, and six elementary schools, two which are winners in the Arcadia High School scored 890, making it the highest performing United States Department of Education’s Blue Ribbon Schools large high school in California. In 2010, Arcadia High had 29 program. Approximately five percent of California schools are National Merit Award finalists. Arcadia is also home to the two- awarded this honor each year following a rigorous selection time National Championship boys cross-country team (2010 and process. Eligibility is based on federal and state criteria including 2012).

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 22 833 WEST DUARTE, ARCADIA

Market Overview

ARCADIA POPULATION AND HOUSING TRENDS

In 2017, Arcadia, CA had a population of 58.2k people with a median age of 43.9 and a median household income of $90,666. Between 2016 and 2017 the population of Arcadia, CA grew from 57,755 to 58,156, a 0.694% increase and its median household income grew from $83,958 to $90,666, a 7.99% increase.

The population of Arcadia, CA is 61.2% Asian Alone, 22.3% White Alone, and 11.7% Hispanic or Latino. N/A% of the people in Arcadia, CA speak a non-English language, and 82.8% are U.S. citizens.

The median property value in Arcadia, CA is $994,400, and the homeownership rate is 60.2%. Most people in Arcadia, CA commute by Drove Alone, and the average commute time is 28.9 minutes. The average car ownership in Arcadia, CA is 2 cars per household.

HOUSING & LIVING RENT vs OWN The median property value in Arcadia, CA was In 2017, 60.2% of the housing units in Arcadia, CA $994,400 in 2017, which is 4.57 times larger than the were occupied by their owner. This percentage national average of $217,600. grew from the previous year’s rate of 59.4%.

In 2017, the median household income of the In 2017, the median property value in Arcadia, 19.4k households in Arcadia, CA grew to $90,666 CA grew to to $994,400 from the previous year’s from the previous year’s value of $83,958. value of $920,700.

Arcadia, CA is home to a population of 58.2k people, from which 82.8% are citizens. As of 2017, 49% of Arcadia, CA residents were born outside of the country (28.5k people).

HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 23 Demographic and Income Profile

833 W Duarte Rd, Arcadia, California, 91007 2 Prepared by Esri 833 WEST DUARTE, ARCADIA833 W Duarte Rd, Arcadia, California, 91007 Latitude: 34.12555 Ring: 1 mile radius Longitude: -118.05856

DemographicSummary & Income Profile (1 mileCe radius)nsus 2010 2019 2024 Population 30,003 31,141 31,485 Households 11,229 11,433 11,488 Families 7,876 8,054 8,118 Average Household Size 2.66 2.71 2.73 Owner Occupied Housing Units 5,304 5,135 5,260 Renter Occupied Housing Units 5,925 6,298 6,228 Median Age 41.3 43.3 44.0 Trends: 2019 - 2024 Annual Rate Area State National Population 0.22% 0.67% 0.77% Households 0.10% 0.62% 0.75% Families 0.16% 0.62% 0.68% Owner HHs 0.48% 0.79% 0.92% Median Household Income 3.39% 2.99% 2.70% 2019 2024 Households by Income Number Percent Number Percent <$15,000 1,125 9.8% 951 8.3% $15,000 - $24,999 739 6.5% 603 5.2% $25,000 - $34,999 763 6.7% 625 5.4% $35,000 - $49,999 1,095 9.6% 916 8.0% $50,000 - $74,999 1,948 17.0% 1,782 15.5% $75,000 - $99,999 1,421 12.4% 1,366 11.9% $100,000 - $149,999 2,173 19.0% 2,343 20.4% $150,000 - $199,999 1,165 10.2% 1,522 13.2% $200,000+ 1,004 8.8% 1,380 12.0%

Median Household Income $75,620 $89,319 Average Household Income $97,915 $116,382 Per Capita Income $35,971 $42,473 Census 2010 2019 2024 Population by Age Number Percent Number Percent Number Percent 0 - 4 1,459 4.9% 1,356 4.4% 1,365 4.3% 5 - 9 1,619 5.4% 1,453 4.7% 1,392 4.4% 10 - 14 1,926 6.4% 1,681 5.4% 1,548 4.9% 15 - 19 2,063 6.9% 1,767 5.7% 1,621 5.1% 20 - 24 1,625 5.4% 1,917 6.2% 1,707 5.4% 25 - 34 3,479 11.6% 4,143 13.3% 4,416 14.0% 35 - 44 4,652 15.5% 3,889 12.5% 4,098 13.0% 45 - 54 4,874 16.2% 4,639 14.9% 4,182 13.3% 55 - 64 3,630 12.1% 4,395 14.1% 4,509 14.3% 65 - 74 2,181 7.3% 3,137 10.1% 3,554 11.3% 75 - 84 1,538 5.1% 1,766 5.7% 2,070 6.6% 85+ 956 3.2% 997 3.2% 1,023 3.2% Census 2010 2019 2024 HAN WIDJAJARace aCHENnd Eth n ic i t y 626.594.4900 [email protected] Percent Number Percent Number Percent PAGE 24 White Alone 9,530 31.8% 8,780 28.2% 8,348 26.5% Black Alone 495 1.6% 466 1.5% 444 1.4% American Indian Alone 130 0.4% 127 0.4% 127 0.4% Asian Alone 17,470 58.2% 19,217 61.7% 19,989 63.5% Pacific Islander Alone 12 0.0% 12 0.0% 12 0.0% Some Other Race Alone 1,505 5.0% 1,588 5.1% 1,600 5.1% Two or More Races 861 2.9% 952 3.1% 966 3.1%

Hispanic Origin (Any Race) 4,341 14.5% 4,547 14.6% 4,648 14.8% Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.

September 16, 2019

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