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2615 Cullen Street
Los Angeles, CA 90034
      Apartment




       Prepared for:
 Holbrook Investments, LLC



      Presented by:
     Scott Rosenberg
   Investment Associate




 23740 Hawthorne Boulevard
     Torrance, CA 90505
      tel. (310) 802-2550
      fax (310) 802-2560

       May 21, 2008
2615 Cullen Street, Los Angeles, CA 90034
Table of Contents


                        1. Subject
                             Property Profile
                             Aerial Photo
                             Parcel Map

                        2. Operating Information
                             Income & Expense Analysis
                             Pricing Analysis and Opinion of Value

                        3. Rent Roll
                        4. Sales Comparables
                             Individual Comparable Property Profiles
                             Summary of Comparable Sales
                             Sales Comparables Map

                        5.   Area Information
                             Demographics

                        6. Marketing Strategy
                             Marketing Plan and Timeline




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Property Profile
Property Address:                  2615 Cullen Street
                                   Los Angeles, CA 90034

Assessor Parcel #:                 5065-006-019

Units:                             10

Year Built:                        1959

Building Size:                     6,227

Lot Size:                          7,231

Zoning:                            LAR3

Construction:                      Wood Frame

Roof Type:                         pitched

Parking:                           8 (2 garage/6 carport)

Amenities

                                               Unit Amenities
   Refrigerator              Disposal                    Central A/C             Cable Ready/DSL

   Dishwasher                Washer/Dryer                Wall A/C                Furnished

                                                         Fireplace
   Stove                     Balcony/Patio                                       Utilities Paid

                                           Common Area Amenities
   Pool                      Secured Parking             BBQ Area                Elevator

   Spa                       Secured Entry               Playground              Sundeck

                                                         Clubhouse
   Fitness Center            Laundry Room                                        Sauna


Investment Highlights
  ●   Desirable and unique location - quot;Culver Arts Districtquot;
  ●   Alley acces with covered parking
  ●   Excellent unit mix
  ●   True upside potential




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Aerial Map




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Parcel Map




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
                                                                                              Investment Characteristics
Subject Photo                                                                                 Unit Mix & Rent Schedule
                                                                                               # of                                                                            Monthly                                                Market            Monthly
                                                                                              Units   Type                                                                     Income             Avg. Rents                           Rent             Income
                                                                                                                     Current Rent



                                                                                                  2           Single                          $ 630 - 928                    $        1,558        $          779                      $ 950          $          1,900
                                                                                                  4            1+1                            $ 648 - 1,200 $                         3,816        $          954                      $1,250         $          5,000
                                                                                                  4            2+1                            $ 1,106 - 1,419 $                       5,009        $       1,252                       $1,450         $          5,800
                                                                                                             Garage                                                          $           250                                                          $          1,000


                                                                                                 10                                                                          $      10,633         $       1,038                                      $         13,700


Pricing Summary                                                                               Income & Expenses
Price:                                  $ 1,400,000                                                                                                                              Current                                                               Proforma
Down:                                   $ 330,919                                                                                                                           Annualized                                                                Annualized
Loan Amount:                            $ 1,069,081                                           Scheduled Gross Income                                                         $ 127,596                                                                $ 164,400
                                                                                                         Laundry Income                                                      $        1,800                                                           $          1,800
Price / Unit:                           $ 140,000
Price/ Sq Foot                          $ 224.83                                              Total Scheduled Gross Income                                                   $ 129,396                                                                $ 166,200
Price/ Sq Ft Land                       $ 193.61                                                         Vacancy Rate                                 3%                     $        3,828                                                           $          4,932
GRM:                                        10.82
Cap Rate:                                   5.96%                                             Effective Operating Income                                                     $ 125,568                                                                $ 161,268
Cap Rate(Proforma):                         8.51%


Property Profile                                                                              Expenses                                                                                            % SGI
                                                                                                         Property Taxes
No. of Units:                               10                                                                                                                               $      16,800            13.0%                                           $         16,800
                                                                                                         New Insurance Quote
Year Built:                                 1959                                                                                                                             $        3,500                  2.7%                                     $          3,500
                                                                                                         Utilities
Square Footage:                             6,227                                                                                                                            $        5,750                  4.4%                                     $          5,750
                                                                                                         Rubbish
Lot Size:                                   7,231                                                                                                                            $        1,200                  0.9%                                     $          1,200
                                                                                                         Off Site Management Fees
Construction Type:                          Wood Frame                                                                                                                       $        6,470                  5.0%                                     $          6,470
                                                                                                         On Site Management
Zoning:                                     LAR3                                                                                                                             $                -              0.0%                                     $              -
                                                                                                         Repairs & Maintenance
Roof Type:                                  pitched                                                                                                                          $        5,000                  3.9%                                     $          5,000
                                                                                                         Landscaping
Parking:                                    8 (2 garage/6 carport)                                                                                                           $          960                  0.7%                                     $            960
                                                                                                         Reserves for Replacement
Type:                                       Apartment Complex                                                                                                                $        2,500                  1.9%                                     $          2,500
Parcel No.:                                 5065-006-019
                                                                                                         Total Expenses                                                      $      42,180                 32.6%                                      $         42,180


                                                                                                                                                  Per Unit                   $        4,218                                                           $          4,218
Broker Contact                                                                                                                                    Per Foot                   $          6.77                                                          $           6.77

Scott Rosenberg                                                                               Net Operating Income                                                           $      83,388                                                            $ 119,088


                                        310-802-2550
Direct Line:                                                                                             Less: Debt Service                                                  $      69,490                                                            $         69,490
                                        310-802-2560
Direct Fax:
                                         srosenberg@remaxcir.com
email:                                                                                                   Pre-Tax Cash Flow                                                   $      13,898                                                            $         49,598




                                                                                              NOTES: Figures are estimates only and based on industry standards. These numbers should be adequate considering the recent renovations and upgrades to the property. Property
                                                                                                                                                        taxes are based on a reassessment at the current tax rate.



                                                           23740 Hawthorne Boulevard, Torrance, CA 90505 tel. (310) 802-2550 fax (310) 802-2560



ReMax Commercial Realty and Agent makes no warranty or representation about the content of this brochure. It is your responsibility to indendependtly confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for
2615 Cullen Street, Los Angeles, CA 90034
Rent Roll
                                                       Current                       Pro Forma
  Unit #          Unit Type                             Rent             Increase       Rent

       1              1+1                                $984             4% Oct       $1,250
       2              2+1                               $1,248           3% April      $1,450
       3              2+1                               $1,236            4% Oct       $1,450
      4              Single                              $928            3% May         $950
       5              1+1                                $648            3% May        $1,250
      6               2+1                               $1,106          3% March       $1,450
       7              2+1                               $1,419           4% Nov        $1,450
      8              Single                              $630            3% April       $950
       9              1+1                               $1,200            4% July      $1,250
      10              1+1                                $984            3% April      $1,250
                     Garage                              $250                          $1,000

                                                        $10,633                       $13,700
                       TOTALS:




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Subject Sale Profile
                                                Subject


                                                                                            $129,396
                                                                                Income:
                                                                                            $3,828
                                                                        3%      Vacancy
                                                                                            $42,180
                                                                              Expenses:
                                                                                            $4,218
                                                                         Expenses/Unit:
                                                                                            $6.77
                                                                       Expenses/Sq.Ft.:
                                                                                            $83,388
                                                                                     NOI:
                                                                                            $1,069,081
                                                                              Financing:



                                           2615 Cullen Street
                                                 90034

                                                Vital Data
     Units:                       10                            GRM:                10.82
     Price:                       $1,400,000                    Cap Rate:         5.96%
                                                                                  Unit Mix:
     Down Payment:                $330,919
     Price Per Unit:              $140,000                                        S         2
     Price Per Sq. Ft:            $224.83                                        1+1        4
     Year Built:                  1959                                           2+1        4
     Construction:                Wood Frame                                    2+1.5       0
     Building Sq. Ft.:            6,227                                          2+2        0
     Land Area Sq. Ft.:           7,231                                          3+1        0
     Zoning:                      LAR3                                           3+2        0
                                                                                 3+3        0

                                            Comments
     In comparing the subject property’s indices to that of comparable properties that have
     recently sold or are currently on the market, the subject property is priced in accordance
     with current market valuation indices.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 1


                                                                                            $96,708
                                                                                Income:
                                                                                            $2,901
                                                                        3%      Vacancy
                                                                                            $30,946
                                                                              Expenses:
                                                                                            $3,868
                                                                         Expenses/Unit:
                                                                                            $5.51
                                                                       Expenses/Sq.Ft.:
                                                                                            $62,861
                                                                                     NOI:
                                                                                            $725,000
                                                                              Financing:



                                          3110 Livonia Avenue
                                                  90034

                                                Vital Data
     Units:                       8                           GRM:                  12.41
     Price:                       $1,200,000                  Cap Rate:           5.24%
     Down Payment:                $475,000     39%                                Unit Mix:
     Price Per Unit:              $150,000                                        S         0
     Price Per Sq. Ft:            $213.75                                        1+1        6
     Year Built:                  1958                                           2+1        2
     Construction:                Woodframe/Stucco                              2+1.5       0
     Building Sq. Ft.:            5,614                                          2+2        0
     Land Area Sq. Ft.:           7,492                                          3+1        0
     Zoning:                      R3                                             3+2        0
     Close of Escrow:             12-Mar-08                                      3+3        0

                                          Comments
     Income and expenses estimated based on sales data provided.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 2


                                                                                            $116,652
                                                                                Income:
                                                                                            $3,482
                                                                        3%      Vacancy
                                                                                            $37,974
                                                                              Expenses:
                                                                                            $5,425
                                                                         Expenses/Unit:
                                                                                            $5.88
                                                                       Expenses/Sq.Ft.:
                                                                                            $75,196
                                                                                     NOI:
                                                                                            $1,260,000
                                                                              Financing:



                                       3732 Westwood Boulevard
                                                90034

                                              Vital Data
     Units:                       7                           GRM:                  12.43
     Price:                       $1,450,000                  Cap Rate:            5.19%
     Down Payment:                $614,479       42%                              Unit Mix:
     Price Per Unit:              $207,143                                        S         1
     Price Per Sq. Ft:            $224.63                                        1+1        0
     Year Built:                  1965                                           2+1        0
     Construction:                Woodframe/Stucco                              2+1.5       4
     Building Sq. Ft.:            6,455                                          2+2        0
     Land Area Sq. Ft.:           7,928                                          3+1        0
     Zoning:                      R3                                             3+2        2
     Close of Escrow:             In Contract                                    3+3        0

                                          Comments
     Income and expenses estimated based on sales data provided.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 3


                                                                                            $151,380
                                                                                Income:
                                                                                            $4,511
                                                                        3%      Vacancy
                                                                                            $56,834
                                                                              Expenses:
                                                                                            $4,372
                                                                         Expenses/Unit:
                                                                                            $7.25
                                                                       Expenses/Sq.Ft.:
                                                                                            $90,035
                                                                                     NOI:
                                                                                            $1,051,506
                                                                              Financing:



                                           3910 Beethoven St
                                                 90066

                                                Vital Data
     Units:                       13                           GRM:                 12.22
     Price:                       $1,850,000                   Cap Rate:          4.87%
     Down Payment:                $798,494          43%                           Unit Mix:
     Price Per Unit:              $142,308                                        S         0
     Price Per Sq. Ft:            $235.94                                        1+1       13
     Year Built:                  1969                                           2+1        0
     Construction:                Wood Frame                                    2+1.5       0
     Building Sq. Ft.:            7,841                                          2+2        0
     Land Area Sq. Ft.:           9,213                                          3+1        0
     Zoning:                      LAR3                                           3+2        0
     Close of Escrow:             In Contract                                    3+3        0

                                               Comments
     Income and expenses are estimated based on data provided. This transaction is under
     contract. Final sales price is confidential.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 4


                                                                                            $98,300
                                                                                Income:
                                                                                            $2,949
                                                                        3%      Vacancy
                                                                                            $31,456
                                                                              Expenses:
                                                                                            $3,146
                                                                         Expenses/Unit:
                                                                                            $5.46
                                                                       Expenses/Sq.Ft.:
                                                                                            $63,895
                                                                                     NOI:
                                                                                            $768,000
                                                                              Financing:



                                          4110 Inglewood Blvd
                                                 90066

                                                Vital Data
     Units:                       10                          GRM:                  13.02
     Price:                       $1,280,000                  Cap Rate:           4.99%
     Down Payment:                $512,000     40%                                Unit Mix:
     Price Per Unit:              $128,000                                        S         0
     Price Per Sq. Ft:            $221.99                                        1+1       10
     Year Built:                  1961                                           2+1        0
     Construction:                Woodframe/Stucco                              2+1.5       0
     Building Sq. Ft.:            5,766                                          2+2        0
     Land Area Sq. Ft.:           7,623                                          3+1        0
     Zoning:                      R3-1                                           3+2        0
     Close of Escrow:             19-Feb-08                                      3+3        0

                                           Comments
     Income and expenses are estimated based on sales data provided.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 5


                                                                                            $89,150
                                                                                Income:
                                                                                            $2,764
                                                                        3%      Vacancy
                                                                                            $28,528
                                                                              Expenses:
                                                                                            $4,075
                                                                         Expenses/Unit:
                                                                                            $4.86
                                                                       Expenses/Sq.Ft.:
                                                                                            $57,858
                                                                                     NOI:
                                                                                            $743,000
                                                                              Financing:



                                          3757 Westwood Blvd
                                                90034

                                                Vital Data
     Units:                       7                           GRM:                  12.90
     Price:                       $1,150,000                  Cap Rate:           5.04%
     Down Payment:                $407,000     35%                                Unit Mix:
     Price Per Unit:              $164,286                                        S         0
     Price Per Sq. Ft:            $196.01                                        1+1        7
     Year Built:                  1957                                           2+1        0
     Construction:                Woodframe/Stucco                              2+1.5       0
     Building Sq. Ft.:            5,867                                          2+2        0
     Land Area Sq. Ft.:           7,971                                         3+1.5       0
     Zoning:                      R4-1                                           3+2        0
     Close of Escrow:             08-May-08                                      3+3        0

                                           Comments
     Income and expenses are estimated based on sales data provided.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 6


                                                                                            $134,496
                                                                                Income:
                                                                                            $4,034
                                                                        3%      Vacancy
                                                                                            $43,038
                                                                              Expenses:
                                                                                            $3,913
                                                                         Expenses/Unit:
                                                                                            $5.72
                                                                       Expenses/Sq.Ft.:
                                                                                            $87,424
                                                                                     NOI:
                                                                                            $0
                                                                              Financing:



                                          10475 National Blvd
                                                 90034

                                                Vital Data
     Units:                       11                          GRM:                  12.93
     Price:                       $1,739,500                  Cap Rate:           5.03%
     Down Payment:                $1,739,500   100%                               Unit Mix:
     Price Per Unit:              $158,136                                        S         0
     Price Per Sq. Ft:            $231.07                                        1+1       10
     Year Built:                  1957                                           2+1        1
     Construction:                Woodframe/Stucco                              2+1.5       0
     Building Sq. Ft.:            7,528                                          2+2        0
     Land Area Sq. Ft.:           7,362                                          3+1        0
     Zoning:                      R4                                             3+2        0
     Close of Escrow:             16-May-08                                      3+3        0

                                           Comments
     Income and expenses are estimated based on sales data provided.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 7


                                                                                            $198,000
                                                                                Income:
                                                                                            $5,940
                                                                        3%      Vacancy
                                                                                            $69,300
                                                                              Expenses:
                                                                                            $3,465
                                                                         Expenses/Unit:
                                                                                            $4.69
                                                                       Expenses/Sq.Ft.:
                                                                                            $122,760
                                                                                     NOI:
                                                                                            $1,592,500
                                                                              Financing:



                                         3565 S. Sepulveda blvd
                                                  90034

                                                Vital Data
     Units:                       20                          GRM:                  14.39
     Price:                       $2,850,000                  Cap Rate:            4.31%
     Down Payment:                $1,257,500   44%                                Unit Mix:
     Price Per Unit:              $142,500                                        S         0
     Price Per Sq. Ft:            $193.01                                        1+1       16
     Year Built:                  1954                                           2+1        4
     Construction:                Woodframe/Stucco                              2+1.5       0
     Building Sq. Ft.:            14,766                                         2+2        0
     Land Area Sq. Ft.:           16,553                                         3+1        0
     Zoning:                      R3                                             3+2        0
     Close of Escrow:             05-Aug-08                                      3+3        0

                                          Comments
     Income and expenses estimated based on sales data provided.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparable Property Profile
                                             Comparable 8


                                                                                            $97,500
                                                                                Income:
                                                                                            $2,925
                                                                        3%      Vacancy
                                                                                            $34,125
                                                                              Expenses:
                                                                                            $4,266
                                                                         Expenses/Unit:
                                                                                            $5.70
                                                                       Expenses/Sq.Ft.:
                                                                                            $60,450
                                                                                     NOI:
                                                                                            $627,500
                                                                              Financing:



                                           12757 Mitchell Ave
                                                 90066

                                                Vital Data
     Units:                       8                           GRM:                  12.77
     Price:                       $1,245,000                  Cap Rate:           4.86%
     Down Payment:                $617,500     50%                                 Unit Mix:
     Price Per Unit:              $155,625                                        S          8
     Price Per Sq. Ft:            $208.05                                        1+1         0
     Year Built:                  1957                                           2+1         0
     Construction:                Woodframe/Stucco                              2+1.5        0
     Building Sq. Ft.:            5,984                                          2+2         0
     Land Area Sq. Ft.:           7,100                                          3+1         0
     Zoning:                      R3-1                                           3+2         0
     Close of Escrow:             26-Aug-08                                      3+3         0

                                           Comments
     Income and expenses are estimated based on sales data provided.




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Summary of Comparable Sales
Comp #                Address                Zip Code      Units     Age         Sale Price          $/Unit         $/Foot    GRM Cap Rate       COE
   1      3110 Livonia Avenue                  90034          8      1958    $       1,200,000     $ 150,000       $ 213.75   12.41   5.24%    12-Mar-08
   2      3732 Westwood Boulevard              90034          7      1965    $       1,450,000     $ 207,143       $ 224.63   12.43   5.19%   In Contract
   3      3910 Beethoven St                    90066         13      1969    $       1,850,000     $ 142,308       $ 235.94   12.22   4.87%   In Contract
   4      4110 Inglewood Blvd                  90066         10      1961    $       1,280,000     $ 128,000       $ 221.99   13.02   4.99%     19-Feb-08
   5      3757 Westwood Blvd                   90034          7      1957    $        1,150,000    $ 164,286       $ 196.01   12.90   5.04%     8-May-08
   6      10475 National Blvd                  90034         11      1957    $        1,739,500    $     158,136   $ 231.07   12.93   5.03%    16-May-08
   7      3565 S. Sepulveda blvd               90034         20      1954    $       2,850,000      $142,500       $ 193.01   14.39   4.31%     5-Aug-08
   8      12757 Mitchell Ave                   90066          8      1957    $        1,245,000      $155,625       $208.05   12.77   4.86%    26-Aug-08
Average                                                      11      1960    $         1,595,563   $ 156,000       $ 215.56   12.88   4.94%
Subject   2615 Cullen Street                   90034         10      1959        $1,400,000         $140,000        $224.83   10.82   5.96%




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Summary of Comparable Sales

                                                                         $/Foot




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Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Summary of Comparable Sales
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Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
2615 Cullen Street, Los Angeles, CA 90034
Sales Comparables Map




Subject       2615 Cullen Street              90034
   1          3110 Livonia Avenue             90034
   2          3732 Westwood Boulevard         90034
   3          3910 Beethoven St               90066
  4           4110 Inglewood Blvd             90066
   5          3757 Westwood Blvd              90034
  6           10475 National Blvd             90034
  7           3565 S. Sepulveda blvd          90034
  8           12757 Mitchell Ave              90066




Scott Rosenberg, Investment Associate
23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
Demographic Profile Expanded
Census, Estimates & Projections


Lon: -118.377084 / Lat: 34.033898                                    January 2009

2615 Cullen Street
                                                                              1.00 Mile                 3.00 Miles               5.00 Miles
Los Angeles, CA
Population
  Estimated Population (2008)                                                  35,988                   331,521                  968,665
  Census Population (1990)                                                     34,514                   303,614                  894,472




                                                                                                                                                         This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  Census Population (2000)                                                     35,260                   318,167                  930,323
  Projected Population (2013)                                                  36,328                   338,086                  989,499
  Forecasted Population (2018)                                                 36,907                   349,034                 1,022,344
  Historical Annual Growth 1990 to 2000                                             746       0.2 %      14,554       0.5 %       35,850       0.4 %
  Historical Annual Growth 2000 to 2008                                             728       0.2 %      13,354       0.5 %       38,342       0.4 %
  Projected Annual Growth 2008 to 2013                                              340       0.2 %       6,564       0.4 %       20,835       0.4 %
  Est. Population Density (2008)                                            11,488.11 psm              11,777.70 psm            12,393.80 psm
  Trade Area Size                                                                   3.13 sq mi            28.15 sq mi              78.16 sq mi
Households
  Estimated Households (2008)                                                  11,902                   138,719                  387,411
  Census Households (1990)                                                     12,070                   133,322                  370,554
  Census Households (2000)                                                     12,154                   138,199                  386,424
  Projected Households (2013)                                                  11,748                   138,503                  387,484
  Forecasted Households (2018)                                                 11,509                   138,558                  387,902
  Households with Children (2008)                                               4,681       39.3 %       36,075      26.0 %      101,536      26.2 %
  Average Household Size                                                            3.02                    2.39                     2.50
Average Household Income
  Est. Average Household Income (2008)                                         61,027                    80,709                   79,845
  Proj. Average Household Income (2013)                                       $70,323                   $92,837                  $91,463
  Average Family Income (2008)                                                $67,980                   $98,844                  $96,289
Median Household Income
  Est. Median Household Income (2008)                                         $46,648                   $57,149                  $56,157
  Proj. Median Household Income (2013)                                        $51,562                   $63,466                  $62,341
  Median Family Income (2008)                                                 $52,691                   $73,498                  $72,432
Per Capita Income
  Est. Per Capita Income (2008)                                               $20,847                   $34,397                  $32,905
  Proj. Per Capita Income (2013)                                              $23,436                   $38,678                  $36,816
  Per Capita Income Est. 5 year change                                      $2,588.68      -11.0 %$4,280.70          -11.1 %$3,910.49 -10.6 %
Other Income
  Est. Disposable Income (2008)                                               $39,556                   $47,353                  $46,602
  Proj. Disposable Income (2013)                                              $43,423                   $52,001                  $51,189
  Disposable Income Est. 5 year change                                      $3,867.19         9.8 %$4,648.23          9.8 %$4,586.55           9.8 %
  Est. Average Household Net Worth (2008)                                    $414,659                  $516,838                 $498,685
Daytime Demos
  Total Number of Businesses (2008)                                             1,909                    24,390                   58,230
  Total Number of Employees (2008)                                             21,269                   228,378                  564,838
  Company Headqtrs: Businesses (2008)                                                 7       0.4 %         136       0.6 %          323       0.6 %
  Company Headqtrs: Employees (2008)                                                447       2.1 %      12,899       5.6 %       27,901       4.9 %
  Unemployment Rate (2008)                                                                  4.71 %                   3.96 %                   4.40 %
  Employee Population Per Business                                                         11.1 to 1                 9.4 to 1                 9.7 to 1
  Residential Population per Business                                                      18.9 to 1               13.6 to 1                16.6 to 1
Demographic Source: Applied Geographic Solutions / TIGER Geography




©2009 Sites USA, Chandler, Arizona, 480-491-1112                                                                                     Page 1 of 5
Demographic Profile Expanded
Census, Estimates & Projections


Lon: -118.377084 / Lat: 34.033898                                    January 2009

2615 Cullen Street
                                                                              1.00 Mile            3.00 Miles            5.00 Miles
Los Angeles, CA
Race & Ethnicity
  White (2008)                                                                 12,016     33.4 %   148,917      44.9 %   420,839      43.4 %
  Black or African American (2008)                                              8,414     23.4 %    71,347      21.5 %   176,662      18.2 %




                                                                                                                                               This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  American Indian & Alaska Native (2008)                                            129    0.4 %       971       0.3 %     3,097       0.3 %
  Asian (2008)                                                                  2,662      7.4 %    37,425      11.3 %   128,322      13.2 %
  Hawaiin & Pacific Islander (2008)                                                 153    0.4 %       725       0.2 %     2,014       0.2 %
  Other Race (2008)                                                            10,276     28.6 %    49,792      15.0 %   176,583      18.2 %
  Multi Race (2008)                                                             2,338      6.5 %    22,343       6.7 %    61,146       6.3 %
  Not Hispanic or Latino Population (2008)                                     18,122     50.4 %   233,794      70.5 %   637,121      65.8 %
  Hispanic or Latino Population (2008)                                         17,866     49.6 %    97,727      29.5 %   331,543      34.2 %
  Not of Hispanic Origin Population (1990)                                     22,993     66.6 %   247,873      81.6 %   672,626      75.2 %
  Hispanic Origin Population (1990)                                            11,521     33.4 %    55,741      18.4 %   221,846      24.8 %
  Not Hispanic or Latino Population (2000)                                     19,175     54.4 %   241,601      75.9 %   658,837      70.8 %
  Hispanic or Latino Population (2000)                                         16,085     45.6 %    76,566      24.1 %   271,485      29.2 %
  Not Hispanic or Latino Population (2013)                                     17,472     48.1 %   228,029      67.4 %   622,331      62.9 %
  Hispanic or Latino Population (2013)                                         18,856     51.9 %   110,056      32.6 %   367,169      37.1 %
  Hist. Hispanic Ann Growth (1990 to 2008)                                      6,345      3.7 %    41,986       5.0 %   109,697       3.3 %
  Proj. Hispanic Ann Growth (2008 to 2013)                                          990    1.1 %    12,329       2.5 %    35,625       2.1 %
Age
  Age 0 to 4 yrs (2008)                                                         2,557      7.1 %    19,762       6.0 %    57,714       6.0 %
  Age 5 to 9 yrs (2008)                                                         2,640      7.3 %    19,553       5.9 %    57,166       5.9 %
  Age 10 to 14 yrs (2008)                                                       2,769      7.7 %    20,088       6.1 %    58,215       6.0 %
  Age 15 to 19 yrs (2008)                                                       2,612      7.3 %    19,710       5.9 %    62,258       6.4 %
  Age 20 to 24 yrs (2008)                                                       2,766      7.7 %    23,374       7.1 %    76,983       7.9 %
  Age 25 to 29 yrs (2008)                                                       2,703      7.5 %    26,614       8.0 %    78,446       8.1 %
  Age 30 to 34 yrs (2008)                                                       2,649      7.4 %    26,287       7.9 %    76,986       7.9 %
  Age 35 to 39 yrs (2008)                                                       2,812      7.8 %    26,137       7.9 %    76,334       7.9 %
  Age 40 to 44 yrs (2008)                                                       2,745      7.6 %    25,462       7.7 %    73,770       7.6 %
  Age 45 to 49 yrs (2008)                                                       2,653      7.4 %    24,603       7.4 %    70,418       7.3 %
  Age 50 to 54 yrs (2008)                                                       2,331      6.5 %    22,807       6.9 %    64,657       6.7 %
  Age 55 to 59 yrs (2008)                                                       1,990      5.5 %    19,271       5.8 %    54,438       5.6 %
  Age 60 to 64 yrs (2008)                                                       1,509      4.2 %    15,060       4.5 %    43,613       4.5 %
  Population age 65-74 (2008)                                                   1,700      4.7 %    19,852       6.0 %    57,355       5.9 %
  Population age 75-84 (2008)                                                   1,066      3.0 %    15,022       4.5 %    40,344       4.2 %
  Population age 85+ (2008)                                                         483    1.3 %     7,918       2.4 %    19,970       2.1 %
  Median Age (2008)                                                                 32.7 yrs           36.2 yrs              35.3 yrs
Gender Age Distribution
  Population Female (2008)                                                     18,557     51.6 %   174,975      52.8 %   497,036      51.3 %
  Age 0 to 19 yrs (2008)                                                        5,181     27.9 %    39,325      22.5 %   116,109      23.4 %
  Age 20 to 64 yrs (2008)                                                      11,434     61.6 %   109,904      62.8 %   311,579      62.7 %
  Age 65 yrs plus (2008)                                                        1,942     10.5 %    25,747      14.7 %    69,348      14.0 %
  Median Age Females (2008)                                                         34.3 Yrs           37.6 Yrs              36.7 Yrs
  Population Male (2008)                                                       17,431     48.4 %   156,546      47.2 %   471,629      48.7 %
  Age 0 to 19 yrs (2008)                                                        5,398     31.0 %    39,788      25.4 %   119,244      25.3 %
  Age 20 to 64 yrs (2008)                                                      10,725     61.5 %    99,713      63.7 %   304,065      64.5 %
  Age 65 yrs plus (2008)                                                        1,307      7.5 %    17,046      10.9 %    48,320      10.2 %
  Median Age Males (2008)                                                           31.2 yrs           34.7 yrs              34.0 yrs
Demographic Source: Applied Geographic Solutions / TIGER Geography

©2009 Sites USA, Chandler, Arizona, 480-491-1112                                                                             Page 2 of 5
Demographic Profile Expanded
Census, Estimates & Projections


Lon: -118.377084 / Lat: 34.033898                                    January 2009

2615 Cullen Street
                                                                              1.00 Mile             3.00 Miles            5.00 Miles
Los Angeles, CA
Household Income Distribution
  HH Income $200,000 or More (2008)                                                 392     3.3 %     9,440       6.8 %    26,882       6.9 %
  HH Income $150,000 to 199,999 (2008)                                              401     3.4 %     6,626       4.8 %    16,611       4.3 %




                                                                                                                                                This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  HH Income $100,000 to 149,999 (2008)                                          1,086       9.1 %    15,744      11.3 %    40,599      10.5 %
  HH Income $75,000 to 99,999(2008)                                             1,168       9.8 %    14,940      10.8 %    37,639       9.7 %
  HH Income $50,000 to 74,999(2008)                                             1,936      16.3 %    24,025      17.3 %    62,463      16.1 %
  HH Income $35,000 to 49,999(2008)                                             1,974      16.6 %    19,272      13.9 %    53,945      13.9 %
  HH Income $25,000 to 34,999(2008)                                             1,551      13.0 %    14,193      10.2 %    41,344      10.7 %
  HH Income $15,000 to 24,999(2008)                                             1,453      12.2 %    13,824      10.0 %    42,732      11.0 %
  HH Income $0 to 14,999 (2008)                                                 1,941      16.3 %    20,655      14.9 %    65,195      16.8 %
  HH Income $35000+ (2008)                                                      6,957      58.5 %    90,048      64.9 %   238,139      61.5 %
  HH Income $75000+ (2008)                                                      3,047      25.6 %    46,750      33.7 %   121,730      31.4 %
Housing
  Total Housing Units (2008)                                                   12,627               147,646               412,684
  Housing Units Occupied (2008)                                                11,902      94.3 %   138,719      94.0 %   387,411      93.9 %
  Housing Units, Owner Occupied (2008)                                          4,847      38.4 %    47,329      32.1 %   131,369      31.8 %
  Housing Units, Renter Occupied (2008)                                         7,055      55.9 %    91,390      61.9 %   256,042      62.0 %
  Housing Units, Vacant (2008)                                                      725     5.7 %     8,927       6.0 %    25,274       6.1 %
  Median Years in Residence (2008)                                                    3 yrs                3 yrs                 3 yrs
Marital Status
  Never Married (2008)                                                         10,699      38.2 %   104,865      38.6 %   322,227      40.5 %
  Now Married (2008)                                                           11,295      40.4 %   102,667      37.8 %   291,145      36.6 %
  Separated (2008)                                                              2,009       7.2 %    17,250       6.3 %    58,355       7.3 %
  Widowed (2008)                                                                1,335       4.8 %    17,619       6.5 %    47,445       6.0 %
  Divorced (2008)                                                               2,640       9.4 %    29,324      10.8 %    76,469       9.6 %
Household Type
  Population Family (2008)                                                     30,546      84.9 %   244,088      73.6 %   702,871      72.6 %
  Population Non-Family (2008)                                                  5,260      14.6 %    84,336      25.4 %   246,845      25.5 %
  Population Group Qtrs (2008)                                                      181     0.5 %     3,097       0.9 %    18,948       2.0 %
  Family Household (2008)                                                       7,803      65.6 %    70,631      50.9 %   197,381      50.9 %
  Married Couple Family With Kids (2008)                                        2,623      54.1 %    20,695      43.7 %    59,060      45.0 %
  Average Family Household Size (2008)                                              3.91                3.46                  3.56
  Non-Family Household (2008)                                                   4,099      34.4 %    68,088      49.1 %   190,029      49.1 %
Household Size
  1 Person Household (2008)                                                     3,236      27.2 %    55,299      39.9 %   151,073      39.0 %
  2 Person Households (2008)                                                    2,592      21.8 %    33,632      24.2 %    91,511      23.6 %
  3 Person Households (2008)                                                    1,654      13.9 %    16,162      11.7 %    44,873      11.6 %
  4 Person Households (2008)                                                    1,986      16.7 %    17,246      12.4 %    49,255      12.7 %
  5 Person Households (2008)                                                    1,171       9.8 %     8,700       6.3 %    25,810       6.7 %
  6+ Person Households (2008)                                                   1,263      10.6 %     7,680       5.5 %    24,888       6.4 %
Household Vehicles
  Total Vehicles Available (2008)                                              20,514               242,536               668,507
  Household: 0 Vehicles Available (2008)                                        1,186       5.8 %    13,381       5.5 %    41,221       6.2 %
  Household: 1 Vehicles Available (2008)                                        4,560      22.2 %    59,609      24.6 %   166,205      24.9 %
  Household: 2+ Vehicles Available (2008)                                       6,157      30.0 %    65,729      27.1 %   179,984      26.9 %
  Average Vehicles Per Household (2008)                                               2                    2                     2
Demographic Source: Applied Geographic Solutions / TIGER Geography



©2009 Sites USA, Chandler, Arizona, 480-491-1112                                                                              Page 3 of 5
Demographic Profile Expanded
Census, Estimates & Projections


Lon: -118.377084 / Lat: 34.033898                                    January 2009

2615 Cullen Street
                                                                              1.00 Mile            3.00 Miles            5.00 Miles
Los Angeles, CA
Labor Force
  Est. Labor: Population Age 16+ (2008)                                        27,504              267,723               784,160
  Est. Civilian Employed (2008)                                                17,004     61.8 %   169,581      63.3 %   484,889      61.8 %




                                                                                                                                               This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  Est. Civilian Unemployed (2008)                                               1,294      4.7 %    10,590       4.0 %    34,540       4.4 %
  Est. In Armed Forces (2008)                                                        16    0.1 %         55      0.0 %       199       0.0 %
  Est. Not in Labor Force (2008)                                                9,190     33.4 %    87,497      32.7 %   264,533      33.7 %
Occupation (2000)
  Occupation: Population 16+                                                   15,036              150,982               429,367
  Mgmt, Business, & Financial Operations                                        1,691     11.2 %    25,206      16.7 %    65,818      15.3 %
  Professional and Related                                                      2,784     18.5 %    43,163      28.6 %   117,501      27.4 %
  Service                                                                       3,022     20.1 %    20,488      13.6 %    67,726      15.8 %
  Sales and Office                                                              4,576     30.4 %    44,582      29.5 %   118,671      27.6 %
  Farming, Fishing, and Forestry                                                     10    0.1 %         60      0.0 %       362       0.1 %
  Construction, Extraction, & Maintenance                                       1,289      8.6 %     6,683       4.4 %    21,557       5.0 %
  Production, Transport, & Material Moving                                      1,663     11.1 %    10,799       7.2 %    37,731       8.8 %
  Percent White Collar Workers                                                            60.2 %                74.8 %                70.3 %
  Percent Blue Collar Workers                                                             39.8 %                25.2 %                29.7 %
Consumer Expenditure (in Thousands)
  Total Household Expenditure (2008)                                         $589,827          $8,306,061          $22,978,885
  Total Non-Retail Expenditures (2008)                                           $339     57.5 %    $4,780      57.5 %   $13,217      57.5 %
  Total Retail Expenditures (2008)                                               $251     42.5 %    $3,526      42.5 %    $9,762      42.5 %
  Apparel (2008)                                                                    $29    4.9 %      $403       4.9 %    $1,116       4.9 %
  Contributions (2008)                                                              $21    3.6 %      $330       4.0 %      $920       4.0 %
  Education (2008)                                                                  $14    2.4 %      $219       2.6 %      $611       2.7 %
  Entertainment (2008)                                                              $33    5.5 %      $463       5.6 %    $1,280       5.6 %
  Food And Beverages (2008)                                                         $92   15.6 %    $1,261      15.2 %    $3,491      15.2 %
  Furnishings And Equipment (2008)                                                  $25    4.3 %      $365       4.4 %    $1,007       4.4 %
  Gifts (2008)                                                                      $15    2.6 %      $230       2.8 %      $639       2.8 %
  Health Care (2008)                                                                $36    6.2 %      $495       6.0 %    $1,372       6.0 %
  Household Operations (2008)                                                       $21    3.5 %      $307       3.7 %      $851       3.7 %
  Miscellaneous Expenses (2008)                                                     $10    1.7 %      $138       1.7 %      $380       1.7 %
  Personal Care (2008)                                                               $9    1.5 %      $120       1.4 %      $332       1.4 %
  Personal Insurance (2008)                                                          $6    1.0 %       $88       1.1 %      $246       1.1 %
  Reading (2008)                                                                     $2    0.3 %       $27       0.3 %       $76       0.3 %
  Shelter (2008)                                                                 $114     19.3 %    $1,612      19.4 %    $4,463      19.4 %
  Tobacco (2008)                                                                     $4    0.7 %       $52       0.6 %      $143       0.6 %
  Transportation (2008)                                                          $117     19.9 %    $1,621      19.5 %    $4,462      19.4 %
  Utilities (2008)                                                                  $42    7.2 %      $574       6.9 %    $1,590       6.9 %
Educational Attainment
  Adult Population (25 Years+)(2008)                                           22,642              229,034               656,329
  Elementary (0 to 8)(2008)                                                     3,221     14.2 %    19,045       8.3 %    68,287      10.4 %
  Some High School (9 to 11)(2008)                                              2,348     10.4 %    16,533       7.2 %    51,728       7.9 %
  High School Graduate (12)(2008)                                               5,552     24.5 %    47,877      20.9 %   140,042      21.3 %
  Some College (13 to 16)(2008)                                                 4,159     18.4 %    39,236      17.1 %   108,196      16.5 %
  Associate Degree Only(2008)                                                   1,467      6.5 %    15,196       6.6 %    42,043       6.4 %
  Bachelor Degree Only(2008)                                                    3,934     17.4 %    57,542      25.1 %   158,119      24.1 %
  Graduate Degree(2008)                                                         1,960      8.7 %    33,605      14.7 %    87,915      13.4 %
Demographic Source: Applied Geographic Solutions / TIGER Geography

©2009 Sites USA, Chandler, Arizona, 480-491-1112                                                                             Page 4 of 5
Demographic Profile Expanded
Census, Estimates & Projections


Lon: -118.377084 / Lat: 34.033898                                    January 2009

2615 Cullen Street
                                                                              1.00 Mile            3.00 Miles            5.00 Miles
Los Angeles, CA
Units In Structure
  1 Detached Unit (2000)                                                        5,016     39.6 %     38,655     26.7 %    112,600     27.8 %
  1 Attached Unit (2000)                                                            785    6.2 %      7,030      4.9 %     19,493      4.8 %




                                                                                                                                               This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  2 to 4 Units (2000)                                                           2,480     19.6 %     23,180     16.0 %     53,059     13.1 %
  5 to 9 Units (2000)                                                           2,147     17.0 %     23,764     16.4 %     60,078     14.8 %
  10 to 19 Units (2000)                                                         1,533     12.1 %     19,874     13.7 %     59,222     14.6 %
  20 to 49 Units (2000)                                                             645    5.1 %     17,642     12.2 %     55,938     13.8 %
  50 or more Units (2000)                                                            57    0.5 %     14,215      9.8 %     43,464     10.7 %
  Mobile Home or Trailer (2000)                                                       0                195                   646
  Other Structure (2000)                                                              0                  16                    76
Homes Built By Year
  Homes Built 1999 to 2000                                                           24    0.2 %       495       0.3 %      1,453      0.4 %
  Homes Built 1995 to 1998                                                           94    0.7 %      1,934      1.3 %      5,349      1.3 %
  Homes Built 1990 to 1994                                                          187    1.5 %      4,107      2.8 %     13,178      3.3 %
  Homes Built 1980 to 1989                                                          652    5.1 %     11,870      8.2 %     37,313      9.2 %
  Homes Built 1970 to 1979                                                      1,086      8.6 %     18,451     12.8 %     56,229     13.9 %
  Homes Built 1960 to 1969                                                      1,885     14.9 %     20,697     14.3 %     63,244     15.6 %
  Homes Built 1950 to 1959                                                      2,980     23.5 %     28,078     19.4 %     73,579     18.2 %
  Homes Built Before 1949                                                       5,755     45.4 %     58,938     40.8 %    154,231     38.1 %
Home Values (2000)
  Home Values $1,000,000+                                                            14    0.3 %       813       2.5 %      5,819      6.4 %
  Home Values $500,000-$999,999                                                     131    3.3 %      6,986     21.5 %     15,257     16.8 %
  Home Values $400,000-$499,999                                                     227    5.8 %      3,940     12.1 %     10,192     11.2 %
  Home Values $300,000-$399,999                                                     716   18.1 %      6,200     19.1 %     16,547     18.3 %
  Home Values $200,000-$299,999                                                 1,347     34.1 %      6,725     20.7 %     17,878     19.7 %
  Home Values $150,000-$199,999                                                     804   20.4 %      4,326     13.3 %     12,580     13.9 %
  Home Values $100,000-$149,999                                                     539   13.7 %      2,638      8.1 %      9,392     10.4 %
  Home Values $70,000-$99,999                                                       118    3.0 %       550       1.7 %      1,717      1.9 %
  Home Values $50,000-$69,999                                                        13    0.3 %       108       0.3 %       359       0.4 %
  Home Values $25,000-$49,999                                                        34    0.9 %       182       0.6 %       674       0.7 %
  Home Values $0-$24,999                                                              4    0.1 %         52      0.2 %       249       0.3 %
  Owner Occupied Median Home Value                                           $245,470              $376,455              $400,521
  Renter Occupied Median Rent                                                    $646                 $784                  $739
Transportation to Work (2000)
  Drive to Work Alone                                                          10,224     67.9 %    109,456     72.5 %    294,997     68.7 %
  Drive to Work in Carpool                                                      2,500     16.6 %     17,192     11.4 %     50,345     11.7 %
  Travel to Work - Public Transportation                                        1,348      9.0 %     11,240      7.4 %     40,431      9.4 %
  Drive to Work Motorcycle                                                           28    0.2 %       316       0.2 %       735       0.2 %
  Walk or Bicycle to Work                                                           451    3.0 %      4,522      3.0 %     19,626      4.6 %
  Other Means                                                                        55    0.4 %       808       0.5 %      2,456      0.6 %
  Work at Home                                                                      450    3.0 %      7,513      5.0 %     20,979      4.9 %
Travel Time (2000)
  Travel to Work in 14 Minutes or Less                                          2,399     16.4 %     27,874     19.4 %     79,638     19.5 %
  Travel to Work in 15 to 29 Minutes                                            6,054     41.5 %     58,759     40.9 %    154,833     37.9 %
  Travel to Work in 30 to 59 Minutes                                            4,926     33.7 %     47,138     32.8 %    142,623     34.9 %
  Travel to Work in 60 Minutes or More                                          1,227      8.4 %      9,763      6.8 %     31,495      7.7 %
  Average Travel Time to Work                                                        26 mins             25 mins               26 mins
Demographic Source: Applied Geographic Solutions / TIGER Geography

©2009 Sites USA, Chandler, Arizona, 480-491-1112                                                                             Page 5 of 5
Lat:34.03390 Lon:-118.37708
                                                                                                                                                                                                                Logos are for identification purposes only and may be trademarks of their respective companies.
Demographic Source: Applied Geographic Solutions / TIGER Geography                                                                     2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved.




                                                                         2615 Cullen Street
                                                                          Los Angeles, CA
                                                                           Current Year Estimated
                                                                                Median Age
                                                                                        January, 2009




                     This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Lat:34.03390 Lon:-118.37708
                                                                                                                                                                                                                Logos are for identification purposes only and may be trademarks of their respective companies.
Demographic Source: Applied Geographic Solutions / TIGER Geography                                                                     2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved.




                                                                         2615 Cullen Street
                                                                          Los Angeles, CA
                                                                        Current Year Estimated
                                                                       Median Household Income
                                                                                        January, 2009




                     This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

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2615 Cullen Mkt Pkg

  • 1. 2615 Cullen Street Los Angeles, CA 90034 Apartment Prepared for: Holbrook Investments, LLC Presented by: Scott Rosenberg Investment Associate 23740 Hawthorne Boulevard Torrance, CA 90505 tel. (310) 802-2550 fax (310) 802-2560 May 21, 2008
  • 2. 2615 Cullen Street, Los Angeles, CA 90034 Table of Contents 1. Subject Property Profile Aerial Photo Parcel Map 2. Operating Information Income & Expense Analysis Pricing Analysis and Opinion of Value 3. Rent Roll 4. Sales Comparables Individual Comparable Property Profiles Summary of Comparable Sales Sales Comparables Map 5. Area Information Demographics 6. Marketing Strategy Marketing Plan and Timeline Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 3. 2615 Cullen Street, Los Angeles, CA 90034 Property Profile Property Address: 2615 Cullen Street Los Angeles, CA 90034 Assessor Parcel #: 5065-006-019 Units: 10 Year Built: 1959 Building Size: 6,227 Lot Size: 7,231 Zoning: LAR3 Construction: Wood Frame Roof Type: pitched Parking: 8 (2 garage/6 carport) Amenities Unit Amenities Refrigerator Disposal Central A/C Cable Ready/DSL Dishwasher Washer/Dryer Wall A/C Furnished Fireplace Stove Balcony/Patio Utilities Paid Common Area Amenities Pool Secured Parking BBQ Area Elevator Spa Secured Entry Playground Sundeck Clubhouse Fitness Center Laundry Room Sauna Investment Highlights ● Desirable and unique location - quot;Culver Arts Districtquot; ● Alley acces with covered parking ● Excellent unit mix ● True upside potential Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 4. 2615 Cullen Street, Los Angeles, CA 90034 Aerial Map Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 5. 2615 Cullen Street, Los Angeles, CA 90034 Parcel Map Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 6. 2615 Cullen Street, Los Angeles, CA 90034 Investment Characteristics Subject Photo Unit Mix & Rent Schedule # of Monthly Market Monthly Units Type Income Avg. Rents Rent Income Current Rent 2 Single $ 630 - 928 $ 1,558 $ 779 $ 950 $ 1,900 4 1+1 $ 648 - 1,200 $ 3,816 $ 954 $1,250 $ 5,000 4 2+1 $ 1,106 - 1,419 $ 5,009 $ 1,252 $1,450 $ 5,800 Garage $ 250 $ 1,000 10 $ 10,633 $ 1,038 $ 13,700 Pricing Summary Income & Expenses Price: $ 1,400,000 Current Proforma Down: $ 330,919 Annualized Annualized Loan Amount: $ 1,069,081 Scheduled Gross Income $ 127,596 $ 164,400 Laundry Income $ 1,800 $ 1,800 Price / Unit: $ 140,000 Price/ Sq Foot $ 224.83 Total Scheduled Gross Income $ 129,396 $ 166,200 Price/ Sq Ft Land $ 193.61 Vacancy Rate 3% $ 3,828 $ 4,932 GRM: 10.82 Cap Rate: 5.96% Effective Operating Income $ 125,568 $ 161,268 Cap Rate(Proforma): 8.51% Property Profile Expenses % SGI Property Taxes No. of Units: 10 $ 16,800 13.0% $ 16,800 New Insurance Quote Year Built: 1959 $ 3,500 2.7% $ 3,500 Utilities Square Footage: 6,227 $ 5,750 4.4% $ 5,750 Rubbish Lot Size: 7,231 $ 1,200 0.9% $ 1,200 Off Site Management Fees Construction Type: Wood Frame $ 6,470 5.0% $ 6,470 On Site Management Zoning: LAR3 $ - 0.0% $ - Repairs & Maintenance Roof Type: pitched $ 5,000 3.9% $ 5,000 Landscaping Parking: 8 (2 garage/6 carport) $ 960 0.7% $ 960 Reserves for Replacement Type: Apartment Complex $ 2,500 1.9% $ 2,500 Parcel No.: 5065-006-019 Total Expenses $ 42,180 32.6% $ 42,180 Per Unit $ 4,218 $ 4,218 Broker Contact Per Foot $ 6.77 $ 6.77 Scott Rosenberg Net Operating Income $ 83,388 $ 119,088 310-802-2550 Direct Line: Less: Debt Service $ 69,490 $ 69,490 310-802-2560 Direct Fax: srosenberg@remaxcir.com email: Pre-Tax Cash Flow $ 13,898 $ 49,598 NOTES: Figures are estimates only and based on industry standards. These numbers should be adequate considering the recent renovations and upgrades to the property. Property taxes are based on a reassessment at the current tax rate. 23740 Hawthorne Boulevard, Torrance, CA 90505 tel. (310) 802-2550 fax (310) 802-2560 ReMax Commercial Realty and Agent makes no warranty or representation about the content of this brochure. It is your responsibility to indendependtly confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for
  • 7. 2615 Cullen Street, Los Angeles, CA 90034 Rent Roll Current Pro Forma Unit # Unit Type Rent Increase Rent 1 1+1 $984 4% Oct $1,250 2 2+1 $1,248 3% April $1,450 3 2+1 $1,236 4% Oct $1,450 4 Single $928 3% May $950 5 1+1 $648 3% May $1,250 6 2+1 $1,106 3% March $1,450 7 2+1 $1,419 4% Nov $1,450 8 Single $630 3% April $950 9 1+1 $1,200 4% July $1,250 10 1+1 $984 3% April $1,250 Garage $250 $1,000 $10,633 $13,700 TOTALS: Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 8. 2615 Cullen Street, Los Angeles, CA 90034 Subject Sale Profile Subject $129,396 Income: $3,828 3% Vacancy $42,180 Expenses: $4,218 Expenses/Unit: $6.77 Expenses/Sq.Ft.: $83,388 NOI: $1,069,081 Financing: 2615 Cullen Street 90034 Vital Data Units: 10 GRM: 10.82 Price: $1,400,000 Cap Rate: 5.96% Unit Mix: Down Payment: $330,919 Price Per Unit: $140,000 S 2 Price Per Sq. Ft: $224.83 1+1 4 Year Built: 1959 2+1 4 Construction: Wood Frame 2+1.5 0 Building Sq. Ft.: 6,227 2+2 0 Land Area Sq. Ft.: 7,231 3+1 0 Zoning: LAR3 3+2 0 3+3 0 Comments In comparing the subject property’s indices to that of comparable properties that have recently sold or are currently on the market, the subject property is priced in accordance with current market valuation indices. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 9. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 1 $96,708 Income: $2,901 3% Vacancy $30,946 Expenses: $3,868 Expenses/Unit: $5.51 Expenses/Sq.Ft.: $62,861 NOI: $725,000 Financing: 3110 Livonia Avenue 90034 Vital Data Units: 8 GRM: 12.41 Price: $1,200,000 Cap Rate: 5.24% Down Payment: $475,000 39% Unit Mix: Price Per Unit: $150,000 S 0 Price Per Sq. Ft: $213.75 1+1 6 Year Built: 1958 2+1 2 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,614 2+2 0 Land Area Sq. Ft.: 7,492 3+1 0 Zoning: R3 3+2 0 Close of Escrow: 12-Mar-08 3+3 0 Comments Income and expenses estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 10. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 2 $116,652 Income: $3,482 3% Vacancy $37,974 Expenses: $5,425 Expenses/Unit: $5.88 Expenses/Sq.Ft.: $75,196 NOI: $1,260,000 Financing: 3732 Westwood Boulevard 90034 Vital Data Units: 7 GRM: 12.43 Price: $1,450,000 Cap Rate: 5.19% Down Payment: $614,479 42% Unit Mix: Price Per Unit: $207,143 S 1 Price Per Sq. Ft: $224.63 1+1 0 Year Built: 1965 2+1 0 Construction: Woodframe/Stucco 2+1.5 4 Building Sq. Ft.: 6,455 2+2 0 Land Area Sq. Ft.: 7,928 3+1 0 Zoning: R3 3+2 2 Close of Escrow: In Contract 3+3 0 Comments Income and expenses estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 11. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 3 $151,380 Income: $4,511 3% Vacancy $56,834 Expenses: $4,372 Expenses/Unit: $7.25 Expenses/Sq.Ft.: $90,035 NOI: $1,051,506 Financing: 3910 Beethoven St 90066 Vital Data Units: 13 GRM: 12.22 Price: $1,850,000 Cap Rate: 4.87% Down Payment: $798,494 43% Unit Mix: Price Per Unit: $142,308 S 0 Price Per Sq. Ft: $235.94 1+1 13 Year Built: 1969 2+1 0 Construction: Wood Frame 2+1.5 0 Building Sq. Ft.: 7,841 2+2 0 Land Area Sq. Ft.: 9,213 3+1 0 Zoning: LAR3 3+2 0 Close of Escrow: In Contract 3+3 0 Comments Income and expenses are estimated based on data provided. This transaction is under contract. Final sales price is confidential. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 12. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 4 $98,300 Income: $2,949 3% Vacancy $31,456 Expenses: $3,146 Expenses/Unit: $5.46 Expenses/Sq.Ft.: $63,895 NOI: $768,000 Financing: 4110 Inglewood Blvd 90066 Vital Data Units: 10 GRM: 13.02 Price: $1,280,000 Cap Rate: 4.99% Down Payment: $512,000 40% Unit Mix: Price Per Unit: $128,000 S 0 Price Per Sq. Ft: $221.99 1+1 10 Year Built: 1961 2+1 0 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,766 2+2 0 Land Area Sq. Ft.: 7,623 3+1 0 Zoning: R3-1 3+2 0 Close of Escrow: 19-Feb-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 13. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 5 $89,150 Income: $2,764 3% Vacancy $28,528 Expenses: $4,075 Expenses/Unit: $4.86 Expenses/Sq.Ft.: $57,858 NOI: $743,000 Financing: 3757 Westwood Blvd 90034 Vital Data Units: 7 GRM: 12.90 Price: $1,150,000 Cap Rate: 5.04% Down Payment: $407,000 35% Unit Mix: Price Per Unit: $164,286 S 0 Price Per Sq. Ft: $196.01 1+1 7 Year Built: 1957 2+1 0 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,867 2+2 0 Land Area Sq. Ft.: 7,971 3+1.5 0 Zoning: R4-1 3+2 0 Close of Escrow: 08-May-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 14. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 6 $134,496 Income: $4,034 3% Vacancy $43,038 Expenses: $3,913 Expenses/Unit: $5.72 Expenses/Sq.Ft.: $87,424 NOI: $0 Financing: 10475 National Blvd 90034 Vital Data Units: 11 GRM: 12.93 Price: $1,739,500 Cap Rate: 5.03% Down Payment: $1,739,500 100% Unit Mix: Price Per Unit: $158,136 S 0 Price Per Sq. Ft: $231.07 1+1 10 Year Built: 1957 2+1 1 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 7,528 2+2 0 Land Area Sq. Ft.: 7,362 3+1 0 Zoning: R4 3+2 0 Close of Escrow: 16-May-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 15. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 7 $198,000 Income: $5,940 3% Vacancy $69,300 Expenses: $3,465 Expenses/Unit: $4.69 Expenses/Sq.Ft.: $122,760 NOI: $1,592,500 Financing: 3565 S. Sepulveda blvd 90034 Vital Data Units: 20 GRM: 14.39 Price: $2,850,000 Cap Rate: 4.31% Down Payment: $1,257,500 44% Unit Mix: Price Per Unit: $142,500 S 0 Price Per Sq. Ft: $193.01 1+1 16 Year Built: 1954 2+1 4 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 14,766 2+2 0 Land Area Sq. Ft.: 16,553 3+1 0 Zoning: R3 3+2 0 Close of Escrow: 05-Aug-08 3+3 0 Comments Income and expenses estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 16. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparable Property Profile Comparable 8 $97,500 Income: $2,925 3% Vacancy $34,125 Expenses: $4,266 Expenses/Unit: $5.70 Expenses/Sq.Ft.: $60,450 NOI: $627,500 Financing: 12757 Mitchell Ave 90066 Vital Data Units: 8 GRM: 12.77 Price: $1,245,000 Cap Rate: 4.86% Down Payment: $617,500 50% Unit Mix: Price Per Unit: $155,625 S 8 Price Per Sq. Ft: $208.05 1+1 0 Year Built: 1957 2+1 0 Construction: Woodframe/Stucco 2+1.5 0 Building Sq. Ft.: 5,984 2+2 0 Land Area Sq. Ft.: 7,100 3+1 0 Zoning: R3-1 3+2 0 Close of Escrow: 26-Aug-08 3+3 0 Comments Income and expenses are estimated based on sales data provided. Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 17. 2615 Cullen Street, Los Angeles, CA 90034 Summary of Comparable Sales Comp # Address Zip Code Units Age Sale Price $/Unit $/Foot GRM Cap Rate COE 1 3110 Livonia Avenue 90034 8 1958 $ 1,200,000 $ 150,000 $ 213.75 12.41 5.24% 12-Mar-08 2 3732 Westwood Boulevard 90034 7 1965 $ 1,450,000 $ 207,143 $ 224.63 12.43 5.19% In Contract 3 3910 Beethoven St 90066 13 1969 $ 1,850,000 $ 142,308 $ 235.94 12.22 4.87% In Contract 4 4110 Inglewood Blvd 90066 10 1961 $ 1,280,000 $ 128,000 $ 221.99 13.02 4.99% 19-Feb-08 5 3757 Westwood Blvd 90034 7 1957 $ 1,150,000 $ 164,286 $ 196.01 12.90 5.04% 8-May-08 6 10475 National Blvd 90034 11 1957 $ 1,739,500 $ 158,136 $ 231.07 12.93 5.03% 16-May-08 7 3565 S. Sepulveda blvd 90034 20 1954 $ 2,850,000 $142,500 $ 193.01 14.39 4.31% 5-Aug-08 8 12757 Mitchell Ave 90066 8 1957 $ 1,245,000 $155,625 $208.05 12.77 4.86% 26-Aug-08 Average 11 1960 $ 1,595,563 $ 156,000 $ 215.56 12.88 4.94% Subject 2615 Cullen Street 90034 10 1959 $1,400,000 $140,000 $224.83 10.82 5.96% Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 18. 2615 Cullen Street, Los Angeles, CA 90034 Summary of Comparable Sales $/Foot $450.00 .94 . 07 3 $350.00 3 .99 .6 6 .8 .75 5 35 24 .5 31 1 .0 1 24 21 .0 $2 .0 15 13 $2 $2 08 $2 96 $2 93 $2 $2 $2 $1 $1 $250.00 $150.00 $50.00 ge t 6 4 8 5 1 7 3 2 ec ra bj ve Su A $/Unit $500,000 $400,000 3 ,14 07 $300,000 6 $2 136 28 0 0 25 00 08 00 0 00 4, ,6 8, ,50 0 6, 2,3 $16 0, ,0 00 55 $15 $15 42 40 $15 $1 $14 8, $1 $1 $12 $200,000 $100,000 $- ge 1 3 2 7 6 4 8 5 t ec ra bj ve Su A Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 19. 2615 Cullen Street, Los Angeles, CA 90034 Summary of Comparable Sales GRM 20.00 .39 18.00 14 02 90 88 93 77 43 41 13. 12. 22 12. 12. 12. 12. 12. 16.00 12. 2 .8 10 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 ge 3 t 7 2 6 4 8 1 5 ec ra bj ve Su A Cap Rate 10.00% 9.00% 8.00% %6 5.9 % % % % % % % 9 7.00% % 4 4 5.1 3 99 5.2 94 87 86 5.0 5.0 31% 4. 4. 4. 4. 6.00% 4. 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% ge 3 2 5 7 6 1 8 4 t ec ra bj ve Su A Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 20. 2615 Cullen Street, Los Angeles, CA 90034 Sales Comparables Map Subject 2615 Cullen Street 90034 1 3110 Livonia Avenue 90034 2 3732 Westwood Boulevard 90034 3 3910 Beethoven St 90066 4 4110 Inglewood Blvd 90066 5 3757 Westwood Blvd 90034 6 10475 National Blvd 90034 7 3565 S. Sepulveda blvd 90034 8 12757 Mitchell Ave 90066 Scott Rosenberg, Investment Associate 23740 Hawthorne Boulevard, Torrance, CA 90505 Ph (310) 802-2550 Fax (310) 802-2560
  • 21. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Population Estimated Population (2008) 35,988 331,521 968,665 Census Population (1990) 34,514 303,614 894,472 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. Census Population (2000) 35,260 318,167 930,323 Projected Population (2013) 36,328 338,086 989,499 Forecasted Population (2018) 36,907 349,034 1,022,344 Historical Annual Growth 1990 to 2000 746 0.2 % 14,554 0.5 % 35,850 0.4 % Historical Annual Growth 2000 to 2008 728 0.2 % 13,354 0.5 % 38,342 0.4 % Projected Annual Growth 2008 to 2013 340 0.2 % 6,564 0.4 % 20,835 0.4 % Est. Population Density (2008) 11,488.11 psm 11,777.70 psm 12,393.80 psm Trade Area Size 3.13 sq mi 28.15 sq mi 78.16 sq mi Households Estimated Households (2008) 11,902 138,719 387,411 Census Households (1990) 12,070 133,322 370,554 Census Households (2000) 12,154 138,199 386,424 Projected Households (2013) 11,748 138,503 387,484 Forecasted Households (2018) 11,509 138,558 387,902 Households with Children (2008) 4,681 39.3 % 36,075 26.0 % 101,536 26.2 % Average Household Size 3.02 2.39 2.50 Average Household Income Est. Average Household Income (2008) 61,027 80,709 79,845 Proj. Average Household Income (2013) $70,323 $92,837 $91,463 Average Family Income (2008) $67,980 $98,844 $96,289 Median Household Income Est. Median Household Income (2008) $46,648 $57,149 $56,157 Proj. Median Household Income (2013) $51,562 $63,466 $62,341 Median Family Income (2008) $52,691 $73,498 $72,432 Per Capita Income Est. Per Capita Income (2008) $20,847 $34,397 $32,905 Proj. Per Capita Income (2013) $23,436 $38,678 $36,816 Per Capita Income Est. 5 year change $2,588.68 -11.0 %$4,280.70 -11.1 %$3,910.49 -10.6 % Other Income Est. Disposable Income (2008) $39,556 $47,353 $46,602 Proj. Disposable Income (2013) $43,423 $52,001 $51,189 Disposable Income Est. 5 year change $3,867.19 9.8 %$4,648.23 9.8 %$4,586.55 9.8 % Est. Average Household Net Worth (2008) $414,659 $516,838 $498,685 Daytime Demos Total Number of Businesses (2008) 1,909 24,390 58,230 Total Number of Employees (2008) 21,269 228,378 564,838 Company Headqtrs: Businesses (2008) 7 0.4 % 136 0.6 % 323 0.6 % Company Headqtrs: Employees (2008) 447 2.1 % 12,899 5.6 % 27,901 4.9 % Unemployment Rate (2008) 4.71 % 3.96 % 4.40 % Employee Population Per Business 11.1 to 1 9.4 to 1 9.7 to 1 Residential Population per Business 18.9 to 1 13.6 to 1 16.6 to 1 Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 1 of 5
  • 22. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Race & Ethnicity White (2008) 12,016 33.4 % 148,917 44.9 % 420,839 43.4 % Black or African American (2008) 8,414 23.4 % 71,347 21.5 % 176,662 18.2 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. American Indian & Alaska Native (2008) 129 0.4 % 971 0.3 % 3,097 0.3 % Asian (2008) 2,662 7.4 % 37,425 11.3 % 128,322 13.2 % Hawaiin & Pacific Islander (2008) 153 0.4 % 725 0.2 % 2,014 0.2 % Other Race (2008) 10,276 28.6 % 49,792 15.0 % 176,583 18.2 % Multi Race (2008) 2,338 6.5 % 22,343 6.7 % 61,146 6.3 % Not Hispanic or Latino Population (2008) 18,122 50.4 % 233,794 70.5 % 637,121 65.8 % Hispanic or Latino Population (2008) 17,866 49.6 % 97,727 29.5 % 331,543 34.2 % Not of Hispanic Origin Population (1990) 22,993 66.6 % 247,873 81.6 % 672,626 75.2 % Hispanic Origin Population (1990) 11,521 33.4 % 55,741 18.4 % 221,846 24.8 % Not Hispanic or Latino Population (2000) 19,175 54.4 % 241,601 75.9 % 658,837 70.8 % Hispanic or Latino Population (2000) 16,085 45.6 % 76,566 24.1 % 271,485 29.2 % Not Hispanic or Latino Population (2013) 17,472 48.1 % 228,029 67.4 % 622,331 62.9 % Hispanic or Latino Population (2013) 18,856 51.9 % 110,056 32.6 % 367,169 37.1 % Hist. Hispanic Ann Growth (1990 to 2008) 6,345 3.7 % 41,986 5.0 % 109,697 3.3 % Proj. Hispanic Ann Growth (2008 to 2013) 990 1.1 % 12,329 2.5 % 35,625 2.1 % Age Age 0 to 4 yrs (2008) 2,557 7.1 % 19,762 6.0 % 57,714 6.0 % Age 5 to 9 yrs (2008) 2,640 7.3 % 19,553 5.9 % 57,166 5.9 % Age 10 to 14 yrs (2008) 2,769 7.7 % 20,088 6.1 % 58,215 6.0 % Age 15 to 19 yrs (2008) 2,612 7.3 % 19,710 5.9 % 62,258 6.4 % Age 20 to 24 yrs (2008) 2,766 7.7 % 23,374 7.1 % 76,983 7.9 % Age 25 to 29 yrs (2008) 2,703 7.5 % 26,614 8.0 % 78,446 8.1 % Age 30 to 34 yrs (2008) 2,649 7.4 % 26,287 7.9 % 76,986 7.9 % Age 35 to 39 yrs (2008) 2,812 7.8 % 26,137 7.9 % 76,334 7.9 % Age 40 to 44 yrs (2008) 2,745 7.6 % 25,462 7.7 % 73,770 7.6 % Age 45 to 49 yrs (2008) 2,653 7.4 % 24,603 7.4 % 70,418 7.3 % Age 50 to 54 yrs (2008) 2,331 6.5 % 22,807 6.9 % 64,657 6.7 % Age 55 to 59 yrs (2008) 1,990 5.5 % 19,271 5.8 % 54,438 5.6 % Age 60 to 64 yrs (2008) 1,509 4.2 % 15,060 4.5 % 43,613 4.5 % Population age 65-74 (2008) 1,700 4.7 % 19,852 6.0 % 57,355 5.9 % Population age 75-84 (2008) 1,066 3.0 % 15,022 4.5 % 40,344 4.2 % Population age 85+ (2008) 483 1.3 % 7,918 2.4 % 19,970 2.1 % Median Age (2008) 32.7 yrs 36.2 yrs 35.3 yrs Gender Age Distribution Population Female (2008) 18,557 51.6 % 174,975 52.8 % 497,036 51.3 % Age 0 to 19 yrs (2008) 5,181 27.9 % 39,325 22.5 % 116,109 23.4 % Age 20 to 64 yrs (2008) 11,434 61.6 % 109,904 62.8 % 311,579 62.7 % Age 65 yrs plus (2008) 1,942 10.5 % 25,747 14.7 % 69,348 14.0 % Median Age Females (2008) 34.3 Yrs 37.6 Yrs 36.7 Yrs Population Male (2008) 17,431 48.4 % 156,546 47.2 % 471,629 48.7 % Age 0 to 19 yrs (2008) 5,398 31.0 % 39,788 25.4 % 119,244 25.3 % Age 20 to 64 yrs (2008) 10,725 61.5 % 99,713 63.7 % 304,065 64.5 % Age 65 yrs plus (2008) 1,307 7.5 % 17,046 10.9 % 48,320 10.2 % Median Age Males (2008) 31.2 yrs 34.7 yrs 34.0 yrs Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 2 of 5
  • 23. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Household Income Distribution HH Income $200,000 or More (2008) 392 3.3 % 9,440 6.8 % 26,882 6.9 % HH Income $150,000 to 199,999 (2008) 401 3.4 % 6,626 4.8 % 16,611 4.3 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. HH Income $100,000 to 149,999 (2008) 1,086 9.1 % 15,744 11.3 % 40,599 10.5 % HH Income $75,000 to 99,999(2008) 1,168 9.8 % 14,940 10.8 % 37,639 9.7 % HH Income $50,000 to 74,999(2008) 1,936 16.3 % 24,025 17.3 % 62,463 16.1 % HH Income $35,000 to 49,999(2008) 1,974 16.6 % 19,272 13.9 % 53,945 13.9 % HH Income $25,000 to 34,999(2008) 1,551 13.0 % 14,193 10.2 % 41,344 10.7 % HH Income $15,000 to 24,999(2008) 1,453 12.2 % 13,824 10.0 % 42,732 11.0 % HH Income $0 to 14,999 (2008) 1,941 16.3 % 20,655 14.9 % 65,195 16.8 % HH Income $35000+ (2008) 6,957 58.5 % 90,048 64.9 % 238,139 61.5 % HH Income $75000+ (2008) 3,047 25.6 % 46,750 33.7 % 121,730 31.4 % Housing Total Housing Units (2008) 12,627 147,646 412,684 Housing Units Occupied (2008) 11,902 94.3 % 138,719 94.0 % 387,411 93.9 % Housing Units, Owner Occupied (2008) 4,847 38.4 % 47,329 32.1 % 131,369 31.8 % Housing Units, Renter Occupied (2008) 7,055 55.9 % 91,390 61.9 % 256,042 62.0 % Housing Units, Vacant (2008) 725 5.7 % 8,927 6.0 % 25,274 6.1 % Median Years in Residence (2008) 3 yrs 3 yrs 3 yrs Marital Status Never Married (2008) 10,699 38.2 % 104,865 38.6 % 322,227 40.5 % Now Married (2008) 11,295 40.4 % 102,667 37.8 % 291,145 36.6 % Separated (2008) 2,009 7.2 % 17,250 6.3 % 58,355 7.3 % Widowed (2008) 1,335 4.8 % 17,619 6.5 % 47,445 6.0 % Divorced (2008) 2,640 9.4 % 29,324 10.8 % 76,469 9.6 % Household Type Population Family (2008) 30,546 84.9 % 244,088 73.6 % 702,871 72.6 % Population Non-Family (2008) 5,260 14.6 % 84,336 25.4 % 246,845 25.5 % Population Group Qtrs (2008) 181 0.5 % 3,097 0.9 % 18,948 2.0 % Family Household (2008) 7,803 65.6 % 70,631 50.9 % 197,381 50.9 % Married Couple Family With Kids (2008) 2,623 54.1 % 20,695 43.7 % 59,060 45.0 % Average Family Household Size (2008) 3.91 3.46 3.56 Non-Family Household (2008) 4,099 34.4 % 68,088 49.1 % 190,029 49.1 % Household Size 1 Person Household (2008) 3,236 27.2 % 55,299 39.9 % 151,073 39.0 % 2 Person Households (2008) 2,592 21.8 % 33,632 24.2 % 91,511 23.6 % 3 Person Households (2008) 1,654 13.9 % 16,162 11.7 % 44,873 11.6 % 4 Person Households (2008) 1,986 16.7 % 17,246 12.4 % 49,255 12.7 % 5 Person Households (2008) 1,171 9.8 % 8,700 6.3 % 25,810 6.7 % 6+ Person Households (2008) 1,263 10.6 % 7,680 5.5 % 24,888 6.4 % Household Vehicles Total Vehicles Available (2008) 20,514 242,536 668,507 Household: 0 Vehicles Available (2008) 1,186 5.8 % 13,381 5.5 % 41,221 6.2 % Household: 1 Vehicles Available (2008) 4,560 22.2 % 59,609 24.6 % 166,205 24.9 % Household: 2+ Vehicles Available (2008) 6,157 30.0 % 65,729 27.1 % 179,984 26.9 % Average Vehicles Per Household (2008) 2 2 2 Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 3 of 5
  • 24. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Labor Force Est. Labor: Population Age 16+ (2008) 27,504 267,723 784,160 Est. Civilian Employed (2008) 17,004 61.8 % 169,581 63.3 % 484,889 61.8 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. Est. Civilian Unemployed (2008) 1,294 4.7 % 10,590 4.0 % 34,540 4.4 % Est. In Armed Forces (2008) 16 0.1 % 55 0.0 % 199 0.0 % Est. Not in Labor Force (2008) 9,190 33.4 % 87,497 32.7 % 264,533 33.7 % Occupation (2000) Occupation: Population 16+ 15,036 150,982 429,367 Mgmt, Business, & Financial Operations 1,691 11.2 % 25,206 16.7 % 65,818 15.3 % Professional and Related 2,784 18.5 % 43,163 28.6 % 117,501 27.4 % Service 3,022 20.1 % 20,488 13.6 % 67,726 15.8 % Sales and Office 4,576 30.4 % 44,582 29.5 % 118,671 27.6 % Farming, Fishing, and Forestry 10 0.1 % 60 0.0 % 362 0.1 % Construction, Extraction, & Maintenance 1,289 8.6 % 6,683 4.4 % 21,557 5.0 % Production, Transport, & Material Moving 1,663 11.1 % 10,799 7.2 % 37,731 8.8 % Percent White Collar Workers 60.2 % 74.8 % 70.3 % Percent Blue Collar Workers 39.8 % 25.2 % 29.7 % Consumer Expenditure (in Thousands) Total Household Expenditure (2008) $589,827 $8,306,061 $22,978,885 Total Non-Retail Expenditures (2008) $339 57.5 % $4,780 57.5 % $13,217 57.5 % Total Retail Expenditures (2008) $251 42.5 % $3,526 42.5 % $9,762 42.5 % Apparel (2008) $29 4.9 % $403 4.9 % $1,116 4.9 % Contributions (2008) $21 3.6 % $330 4.0 % $920 4.0 % Education (2008) $14 2.4 % $219 2.6 % $611 2.7 % Entertainment (2008) $33 5.5 % $463 5.6 % $1,280 5.6 % Food And Beverages (2008) $92 15.6 % $1,261 15.2 % $3,491 15.2 % Furnishings And Equipment (2008) $25 4.3 % $365 4.4 % $1,007 4.4 % Gifts (2008) $15 2.6 % $230 2.8 % $639 2.8 % Health Care (2008) $36 6.2 % $495 6.0 % $1,372 6.0 % Household Operations (2008) $21 3.5 % $307 3.7 % $851 3.7 % Miscellaneous Expenses (2008) $10 1.7 % $138 1.7 % $380 1.7 % Personal Care (2008) $9 1.5 % $120 1.4 % $332 1.4 % Personal Insurance (2008) $6 1.0 % $88 1.1 % $246 1.1 % Reading (2008) $2 0.3 % $27 0.3 % $76 0.3 % Shelter (2008) $114 19.3 % $1,612 19.4 % $4,463 19.4 % Tobacco (2008) $4 0.7 % $52 0.6 % $143 0.6 % Transportation (2008) $117 19.9 % $1,621 19.5 % $4,462 19.4 % Utilities (2008) $42 7.2 % $574 6.9 % $1,590 6.9 % Educational Attainment Adult Population (25 Years+)(2008) 22,642 229,034 656,329 Elementary (0 to 8)(2008) 3,221 14.2 % 19,045 8.3 % 68,287 10.4 % Some High School (9 to 11)(2008) 2,348 10.4 % 16,533 7.2 % 51,728 7.9 % High School Graduate (12)(2008) 5,552 24.5 % 47,877 20.9 % 140,042 21.3 % Some College (13 to 16)(2008) 4,159 18.4 % 39,236 17.1 % 108,196 16.5 % Associate Degree Only(2008) 1,467 6.5 % 15,196 6.6 % 42,043 6.4 % Bachelor Degree Only(2008) 3,934 17.4 % 57,542 25.1 % 158,119 24.1 % Graduate Degree(2008) 1,960 8.7 % 33,605 14.7 % 87,915 13.4 % Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 4 of 5
  • 25. Demographic Profile Expanded Census, Estimates & Projections Lon: -118.377084 / Lat: 34.033898 January 2009 2615 Cullen Street 1.00 Mile 3.00 Miles 5.00 Miles Los Angeles, CA Units In Structure 1 Detached Unit (2000) 5,016 39.6 % 38,655 26.7 % 112,600 27.8 % 1 Attached Unit (2000) 785 6.2 % 7,030 4.9 % 19,493 4.8 % This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. 2 to 4 Units (2000) 2,480 19.6 % 23,180 16.0 % 53,059 13.1 % 5 to 9 Units (2000) 2,147 17.0 % 23,764 16.4 % 60,078 14.8 % 10 to 19 Units (2000) 1,533 12.1 % 19,874 13.7 % 59,222 14.6 % 20 to 49 Units (2000) 645 5.1 % 17,642 12.2 % 55,938 13.8 % 50 or more Units (2000) 57 0.5 % 14,215 9.8 % 43,464 10.7 % Mobile Home or Trailer (2000) 0 195 646 Other Structure (2000) 0 16 76 Homes Built By Year Homes Built 1999 to 2000 24 0.2 % 495 0.3 % 1,453 0.4 % Homes Built 1995 to 1998 94 0.7 % 1,934 1.3 % 5,349 1.3 % Homes Built 1990 to 1994 187 1.5 % 4,107 2.8 % 13,178 3.3 % Homes Built 1980 to 1989 652 5.1 % 11,870 8.2 % 37,313 9.2 % Homes Built 1970 to 1979 1,086 8.6 % 18,451 12.8 % 56,229 13.9 % Homes Built 1960 to 1969 1,885 14.9 % 20,697 14.3 % 63,244 15.6 % Homes Built 1950 to 1959 2,980 23.5 % 28,078 19.4 % 73,579 18.2 % Homes Built Before 1949 5,755 45.4 % 58,938 40.8 % 154,231 38.1 % Home Values (2000) Home Values $1,000,000+ 14 0.3 % 813 2.5 % 5,819 6.4 % Home Values $500,000-$999,999 131 3.3 % 6,986 21.5 % 15,257 16.8 % Home Values $400,000-$499,999 227 5.8 % 3,940 12.1 % 10,192 11.2 % Home Values $300,000-$399,999 716 18.1 % 6,200 19.1 % 16,547 18.3 % Home Values $200,000-$299,999 1,347 34.1 % 6,725 20.7 % 17,878 19.7 % Home Values $150,000-$199,999 804 20.4 % 4,326 13.3 % 12,580 13.9 % Home Values $100,000-$149,999 539 13.7 % 2,638 8.1 % 9,392 10.4 % Home Values $70,000-$99,999 118 3.0 % 550 1.7 % 1,717 1.9 % Home Values $50,000-$69,999 13 0.3 % 108 0.3 % 359 0.4 % Home Values $25,000-$49,999 34 0.9 % 182 0.6 % 674 0.7 % Home Values $0-$24,999 4 0.1 % 52 0.2 % 249 0.3 % Owner Occupied Median Home Value $245,470 $376,455 $400,521 Renter Occupied Median Rent $646 $784 $739 Transportation to Work (2000) Drive to Work Alone 10,224 67.9 % 109,456 72.5 % 294,997 68.7 % Drive to Work in Carpool 2,500 16.6 % 17,192 11.4 % 50,345 11.7 % Travel to Work - Public Transportation 1,348 9.0 % 11,240 7.4 % 40,431 9.4 % Drive to Work Motorcycle 28 0.2 % 316 0.2 % 735 0.2 % Walk or Bicycle to Work 451 3.0 % 4,522 3.0 % 19,626 4.6 % Other Means 55 0.4 % 808 0.5 % 2,456 0.6 % Work at Home 450 3.0 % 7,513 5.0 % 20,979 4.9 % Travel Time (2000) Travel to Work in 14 Minutes or Less 2,399 16.4 % 27,874 19.4 % 79,638 19.5 % Travel to Work in 15 to 29 Minutes 6,054 41.5 % 58,759 40.9 % 154,833 37.9 % Travel to Work in 30 to 59 Minutes 4,926 33.7 % 47,138 32.8 % 142,623 34.9 % Travel to Work in 60 Minutes or More 1,227 8.4 % 9,763 6.8 % 31,495 7.7 % Average Travel Time to Work 26 mins 25 mins 26 mins Demographic Source: Applied Geographic Solutions / TIGER Geography ©2009 Sites USA, Chandler, Arizona, 480-491-1112 Page 5 of 5
  • 26. Lat:34.03390 Lon:-118.37708 Logos are for identification purposes only and may be trademarks of their respective companies. Demographic Source: Applied Geographic Solutions / TIGER Geography 2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved. 2615 Cullen Street Los Angeles, CA Current Year Estimated Median Age January, 2009 This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  • 27. Lat:34.03390 Lon:-118.37708 Logos are for identification purposes only and may be trademarks of their respective companies. Demographic Source: Applied Geographic Solutions / TIGER Geography 2006 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved. 2615 Cullen Street Los Angeles, CA Current Year Estimated Median Household Income January, 2009 This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.