GRAMERCY HOLLYWOOD Hollywood, CA · 2018-07-25 · Major Renovation 2017 & 2018 Soft-Story Retrofit...

Warren BerzackNational Director

Lic. #01329015

(818) [email protected]

TURN-KEY INVESTMENT IN PRIME HOLLYWOOD

21 OF 28 UNITS COMPLETELY RENOVATED

20%+ RENTAL UPSIDE REMAINING

ACHIEVING PROJECTED MARKET RENTS WITHOUT CONCESSIONS

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GRAMERCY HOLLYWOOD 1836 N. Gramercy Place § Hollywood, CA

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

G R A M E R C Y H O L L Y W O O D

1836 N. Gramercy Pl. § Hollywood, CA

DISCLAIMER

Th is Off ering Memorandum (the “Memorandum”) has been prepared by the Owner and by Broker to

provide a general overview of the Property solely to assist the recipient in deciding whether to proceed with

further analysis of the Property. Th is Memorandum may not be distributed, reproduced or used without the

express written consent of the Company, for any purpose other than as a general overview of the Property

or by any person or entity other than the person to whom this Memorandum has been delivered. While the

information contained herein is believed to be accurate and reliable, neither the Company nor Broker makes

any representation or warranty (express or implied) as to the accuracy or completeness of such information.

Only those representations and warranties contained in a defi nitive purchase and sale agreement, if any, shall

have any legal eff ect. In no event will the Company, its management or Broker make any representations

or warranties regarding this Memorandum or the projections herein in any such defi nitive agreement. In

furnishing this Memorandum, the Company reserves the right to amend and replace the Memorandum

at any time and undertakes no obligation to provide the recipient with access to additional information.

Nothing contained in this Memorandum is, or should be relied upon as, a promise or representation as to the

future. Th e proforma and estimated fi nancial information contained herein, if any, were prepared expressly

for use herein and are based on certain assumptions and management’s analysis of information available at

the time this Memorandum was prepared. No warranty is provided as to the accuracy and completeness

of this information. Th is Memorandum does not and, if hereaft er supplemented, will not contain all of

the information that may be required to evaluate the Property. Prospective purchasers are responsible for

conducting their own investigation and analysis of the business, data and property described herein in making

an investment decision regarding the Property.




PROPERTY

Address: 1836 N. Gramercy Place Hollywood, CA 90028

# of Units: 28

Year Built: 1964 / 2018

Lot Size: 20,038 sq. ft .

Building Size: 19,665 sq. ft (Gross Rentable)

PRICING

Price: $12,995,000

Cost per Unit: $464,107

Cost per Sq. Ft.: $661

Gross Rent Multiplier: 17.57

Potential Rent Multiplier: 14.77

Current Capitalization Rate: 3.54%

Potential Capitalization Rate: 4.59%

INVESTMENT OFFERING

Gramercy HollywoodApartment Homes




ASSET INTRODUCTION

Gramercy Hollywood is an ultra-slick, modern, recently renovated apartment community with top of the line amenities in a coveted location within Hollywood, California. Set on a 20,038 square foot lot, this attractive

19,665 gross rentable square foot property is craft ed with structural simplicity, sleek fi nishes and clean lines. Originally built in 1964, the property off ers open fl oor plans, exquisite attention to detail and an unbeatable location with superb freeway and bus access. 21 of the total 28 units have been fully renovated and are successfully achieving top rents for the market. Th e remaining 7 unrenovated units present a 20%+ upside in rents. Th e unit mix includes 5 two-bedroom units, 17 one-bedroom units and 6 studios, for a total current scheduled monthly income of $60,411.

With world-class shopping and dining, red carpet movie premieres, celebrated live theatre and over 70 brand-name retailers in the immediate area, the property’s location off ers endless possibilities. It lies in close proximity to many local hotspots and iconic landmarks, including the Hollywood Walk of Fame, El Capitan Th eatre, Dolby Th eatre (home of the Academy Awards®) and TCL Chinese Th eatre (formerly Grauman’s). Th e property also sits less than two miles from the major Hollywood & Highland entertainment center of Los Angeles.




ASSET HIGHLIGHTS

Package Concierge

Controlled Access

In-home Washer & Dryer

Balconies in Select Units

Tuck Under Parking

Pool & Courtyard

Luxury Off erings

Quality Investment

Blocks from 101 Freeway

Nearby to Public Transportation

Minutes from Trader Joe’s, Starbucks, Th e Home Depot, Bed Bath & Beyond and a myriad of other retail off erings

Stellar Location

Major Renovations (2017 & 2018)

Soft -Story Retrofi t Completed

New Electrical, Air Conditioning & Plumbing

Turn-key Investment Opportunity




PROPERTY AMENITIES

Gramercy Hollywood off ers a modern style of living, from its airy, open-plan design to top-of-the-line appliances and hardware. Its location features easy access to all the dining, shopping and entertainment of the Hollywood area.

Swimming Pool

Balconies in Select Units

Tuck Under Parking

Controlled Access

Resort Style Courtyard

32 Parking Spaces

Access to major bus lines and not far from the Metro Red Line

Package Concierge




UNIT AMENITIES

Stainless Steel Appliance Package

Air Conditioning/Heat

Recessed Lighting

Dishwashers & Microwaves

Wood Style Flooring

In-Home Washers and Dryers

Quartz Countertops

Custom-Tiled Baths

Subway-Tiled Backsplashes

Private Balconies in Select Units

Walk-in Closets in Select Units




ADDITIONAL PROPERTY PHOTOS




FLOOR PLANS

Studio Floor Plans




FLOOR PLANS

1 Bedroom / 1 Bath Floor Plans




2 Bedroom / 2 Bath Floor Plans

FLOOR PLANS




PROPERTY

Address: 1836 N. Gramercy Place Hollywood, CA 90028

# of Units: 28

Renovated Units: 21

Year Built: 1964/2018

Lot Size: 20,038 sq. ft .

Building Size: 19,665 sq. ft . (Gross Rentable)

Number of Stories: 2

Unit Size: Studio 474 ft .(Averages) 1+1 692 ft . 1+1 w/ balc. 726 ft . 2+2 890 ft . 2+2 w/ balc. 991 ft .

SITE

Parcel Site: 5544-003-046

Zoning: R3-1

Parking: 32 Spaces

PRICING

Price: $12,995,000

Cost per Unit: $464,107

Cost per Sq. Ft.: $661

Current Cap Rate: 3.54%

Potential Cap Rate: 4.59%

Percentage Upside: 20%+

EXECUTIVE SUMMARY

Gramercy HollywoodApartment Homes




MULTIFAMILY INVESTMENT INFORMATION SHEET

PROPERTY NAME NUMBER OF UNITS 28

ADDRESS BUILDING SIZE (SQ. FT.) 19,665

CITY, STATE, ZIP LOT SIZE (SQ. FT.) 20,038

PRICE COST PER UNIT $464,107

YEAR BUILT / RENO. COST PER SQFT $660.82

Major Renovation 2017 & 2018 Soft-Story Retrofit Complete Turn Key Investment Plus Value Add Opportunity 32 Parking Spaces 21 of 28 Units Completely Renovated Resort Style Pool Area Package Concierge

RENTAL INFORMATIONNO. UNITS BDRMS BATHS AVG. SQ. FT. AVG. RENT Rent Per Ft. RENT Monthly Income

6 Studio 1 474 $1,824 $4.22 $1,999 $11,9948 1 1 692 $2,058 $3.61 $2,500 $20,0009 1 1 726 With Patio $2,122 $3.65 $2,650 $23,8502 2 2 890 With Patio $3,100 $3.48 $3,100 $6,2003 2 2 991 With Patio $2,567 $3.28 $3,250 $9,750

Scheduled Monthly Income: $71,794

ANNUAL PROPERTY OPERATING DATACURRENT INCOME/YEAR

AS % GOI AS % GOI AS % GOIScheduled Gross Income $724,926 98.01% $861,528 97.95% Taxes (Est. 1.20%) $155,940 21.08%Resort Fee ($50/un/month) $12,600 1.70% $16,800 1.91% Insurance ($300/un) $8,400 1.14%Pet Fee $2,100 0.28% $1,200 0.14% Utilities ($75/un/mo) $25,200 3.41%Gross Operating Income $739,626 CURRENT MARKET $879,528 Repairs/Maintanence ($500/un) $14,000 1.89%Vacancy Reserve $22,189 3.00% $26,386 3.00% Off-Site Management $29,585 4.00%Effective Gross Income $717,437 17.57 14.77 $853,142 Landscaping ($150/mo) $1,800 0.24%Expenses $257,196 34.77% $257,196 29.24% Pest Control ($50/mo) $600 0.08%Net Operating Income $460,242 62.23% 3.54% 4.59% $595,946 67.76% Trash ($614.30/mo) $7,372 1.00%Debt Service $383,566 $383,566 Pool ($150/mo) $1,800 0.24%Pre-Tax Cash Flow $76,676 1.18% 3.27% $212,381 Miscellaneous($100/un) $2,800 0.38%Principal Reduction $109,272 $109,272 Telephone ($50/mo) $600 0.08%Return on Equity $185,948 2.86% 4.95% $321,653 On-Site Management: $7,200 0.97%

License/Permits $1,899 0.26% MORTGAGE FINANCING INFORMATION

Loan Amount $6,497,500 Monthly Loan Payment $31,964Down Payment $6,497,500 50% Annual Loan Payment $383,566 TOTAL EXPENSES $257,196 34.77%5-Year Fixed Rate 4.25% Year 1 Interest Amount (approx.) $274,294Amortization Period (Yrs) 30 Year 1 Principal Paydown (approx.) $109,272 Expense / NRSF

Expense / Unit

$10,944$16,468$19,098

Monthly Income

Hollywood (Los Angeles), CA 90028

Exquisite Attention to Detail New Electrical, Plumbing, AC, Electric Meters, etc.

$6,200$7,701

$12,995,000

[email protected] Lic. #01329015

GRM

$13.08

ESTIMATED ANNUAL EXPENSES

1964 / 2018

1836 N Gramercy Place

Return On Equity

Current Income Market Income

$60,411

$9,186

Lee Associates - LA North/Ventura, Inc.

Warren Berzack 818.933.0350

15250 Ventura Boulevard, Suite 100 | Sherman Oaks, CA 91403

Gramercy Hollywood

INVESTMENT HIGHLIGHTS

Cash on Cash

CAP Rate

MARKET INCOME/YEAR

f f f

Note: The average rents are a blended average between the lower paying tenants and the market rate




RENT ROLL

Unit Type Square Feet Patio Rent Resort Fee Pet Fee Total Current Rent Market Status

1 1+1 728 188 SF $800 $800 $2,650 Potential Future Renovation2 1+1 704 N/A $2,500 $50 $2,550 $2,500 Leased, No Concessions3 0+1 500 N/A $650 $650 $1,999 Potential Future Renovation4 0+1 502 N/A $1,999 $50 $50 $2,099 $1,999 Leased, No Concessions5 1+1 710 N/A $2,500 $50 $2,550 $2,500 Leased, No Concessions6 1+1 670 47 SF $2,650 $50 $2,700 $2,650 Available7 0+1 420 N/A $1,999 $50 $2,049 $1,999 Leased, No Concessions8 1+1 767 55 SF $2,650 $50 $2,700 $2,650 Leased, No Concessions9 2+2 992 55 SF $3,250 $50 $50 $3,350 $3,250 Leased, No Concessions

10 1+1 679 N/A $2,500 $50 $2,550 $2,500 Leased, No Concessions11 1+1 673 N/A $2,600 $50 $2,650 $2,600 Leased, No Concessions12 1+1 732 60 SF $2,650 $50 $25 $2,725 $2,650 Leased, No Concessions

12A 2+2 890 48 SF $3,100 $50 $3,150 $3,100 Leased, No Concessions14 1+1 742 78 SF $3,100 $50 $25 $3,175 $2,650 Leased, No Concessions15 1+1 728 188 SF $788 $788 $2,650 Potential Future Renovation16 1+1 704 N/A $2,500 $50 $2,550 $2,500 Leased, No Concessions17 0+1 500 N/A $1,999 $50 $2,049 $1,999 Leased, No Concessions18 0+1 502 N/A $1,999 $50 $2,049 $1,999 Leased, No Concessions19 1+1 710 N/A $2,500 $50 $2,550 $2,500 Leased, No Concessions20 1+1 670 47 SF $2,650 $50 $2,700 $2,650 Leased, No Concessions21 0+1 420 N/A $1,999 $50 $2,049 $1,999 Leased, No Concessions22 1+1 767 55 SF $1,160 $1,160 $2,650 Potential Future Renovation23 2+2 992 55 SF $1,201 $1,201 $3,250 Potential Future Renovation24 1+1 679 N/A $749.50 $750 $2,500 Potential Future Renovation25 1+1 673 N/A $618 $618 $2,500 Potential Future Renovation26 1+1 732 60 SF $2,650 $50 $25 $2,725 $2,650 Leased, No Concessions27 2+2 890 48 SF $3,100 $50 $3,150 $3,100 Leased, No Concessions28 2+2 989 78 SF $3,250 $50 $3,300 $3,250 Leased, No Concessions

Total: 19665 $60,112 $1,050 $175 $61,337 $71,894

Annualized: $721,338 $12,600 $2,100 $736,038 $862,728




RENT COMPARABLES

Property Name/Address Year Built Unit Type Unit Sq.Ft. Rental Amount Rent Per Foot

Hollywood Tower Built 1929 0+1 670 $2,100 $3.13

6200 Franklin Ave. Renovated 2010 1+1 850 $2,425 $2.85

Hollywood, CA 90028 2+2 955 $3,300 $3.46

Hollywood View Towers Built 2005 1+1 749 $2,146 $2.87

5724 Hollywood Blvd. 2+2 1080 $2,595 $2.40

Hollywood, CA 90028

The Carlton at Hollywood Built 2014 2+2 1024 $3,025 $2.95

5845 Carlton Way

Hollywood, CA 90028

The Way Built 1957 0+1 600 $1,795 $2.99

5427 Carlton Way Renovated 2017

Hollywood, CA 90028

The 5550 Built 2017 0+1 480 $2,100 $4.38

5550 Hollywood Blvd. 1+1 625 $2,715 $4.34

Hollywood, CA 90028 2+2 1025 $3,500 $3.41

La Belle at Hollywood Tower Built 2010 0+1 684 $2,286 $3.34

6138 Franklin Ave. 1+1 810 $2,882 $3.56

Hollywood, CA 90028 2+2 1108 $3,995 $3.61

Kenmore View Apartments Built 1987 0+1 575 $1,995 $3.47

1840 N Kenmore Ave. Renovated 2017 1+1 750 $2,595 $3.46

Hollywood, CA 90027 2+2 875 $3,095 $3.54

Vues on Gordon Built 2018 1+1 644 $2,600 $4.04

1558 Gordon St. 2+2 967 $3,850 $3.98

Hollywood, CA 90028

Easttown Built 2017 0+1 563 $2,300 $4.09

6210 Hollywood Blvd. 1+1 685 $2,364 $3.45

Hollywood, CA 90028 2+2 1036 $3,116 $3.01

Hollywood Proper Residences Built 2016 1+1 816 $4,400 $5.39

1550 N El Centro Ave. 1+1 996 $5,700 $5.72

Hollywood, CA 90028 1+1 1053 $4,900 $4.65

Argyle House Built 2018 0+1 504 $3,395 $6.74

1755 Argyle Avenue 1+1 677 $4,400 $6.50

Hollywood, CA 90028 2+2 1236 $6,250 $5.06

0+1 474 $1,999 $4.22

1+1 692 $2,500 $3.61

SUBJECT 1+1 w/ Patio 726 $2,650 $3.65

2+2 w/ Patio 890 $3,100 $3.48

2+2 w/ Patio 991 $3,250 $3.28




LOCATION INFORMATION

Gramercy Hollywood is located along the eastern side of N. Gramercy Place between Franklin Avenue to the north and Hollywood Boulevard to the south. N. Western Avenue lies east and N. Wilton Place and the 101 Freeway lie west.

Blocks from 101 Freeway

Close to schools, churches and parks

Nearby to Public Transportation

Minutes from Trader Joe’s, Starbucks, Th e Home Depot, Bed Bath & Beyond, In-N-Out Burger and a myriad of other retail off erings

Hollywood is situated at the foot of the Hollywood Hills and is among the most densely populated neighborhoods in all of Los Angeles. Th e city off ers convenient transportation via the Metro and numerous bus routes, schools, top-rated dining and shopping and endless recreational off erings.




LOCAL AREA INFORMATION: HOLLYWOOD

Situated at the foot of the Hollywood Hills, the city of Hollywood is among the most densely populated neighborhoods in all of Los Angeles, due to its numerous amenities and its close proximity to many employers. Th e city is located centrally to West Hollywood, Century City and downtown Los Angeles, and off ers convenient transportation via the Metro and numerous bus routes.

AREA ATTRACTIONS & HIGHLIGHTS:

• Area Amenities... Outdoors enthusiasts fl ock to Runyon Canyon for its hiking trails and views. For nightlife, there is the Dolby Th eatre and Hollywood Bowl and the iconic music venues along the Sunset Strip including the Troubador, Whiskey a Go Go and many more.

• Shopping... Numerous shopping destinations abound including Hollywood & Highland, Th e Grove and the Farmer’s Market as well as the trendy boutiques and art galleries that line La Brea Avenue.

• Employers... Th e center of the entertainment industry, Hollywood houses Paramount Studios as well as CBS Television City and numerous smaller production and post-production companies and recording studios.

• Area Attractions... Home to the Academy Awards, Hollywood also houses Madame Tussaud’s Wax Museum, the Hollywood Walk of Fame and the Chinese Th eatre, among many landmarks.




GREATER AREA INFORMATION: ECONOMICS




GREATER AREA INFORMATION: DEVELOPMENT & INVESTMENT




GREATER AREA INFORMATION: RESIDENTIAL




GREATER AREA INFORMATION: HOLLYWOOD

Fundamentals

Occupancy in Hollywood is running at nearly 96 percent as demand to be in what Millennials consider the heart of Los Angeles continues unabated. As a result, rents are climbing.

Asking rent growth rose 8.8 percent on an annualized basis as of Q3 2017.

Consequently, most experts are predicting that occupancy will continue to be high despite the additional inventory in the pipeline.

Th e 10 largest multifamily projects already underway or proposed will add 5,410 units to the Hollywood market.

“Developers have big Hollywood dreams, and their target audience is millennials. Several multifamily projects are slated to hit the Hollywood market over the next few years as young creative professionals clamor for apartments in the thriving new media hub.”

--Th e Real Deal




GREATER AREA INFORMATION: HOLLYWOOD

New & Noteworthy Developments

Argyle House: Th e 18-Story, 114-unit property completed in 2018 is Related Companies’ newest property, which combines classic glamour with modern opulence to create a strikingly sophisticated atmosphere. A boutique collection of luxury apartments from Related, designed by LARGE Architecture and with stunning interiors by acclaimed Marmol Radziner.

Hollywood Proper Residences: Set in Hollywood’s nexus of Columbia Square, step into 22 stories, 200 units of furnished and unfurnished Residences and Penthouses fi nished with best-in-class materials, panoramic views, and a rigorous WELL building certifi cation that’s the country’s fi rst of its kind. Completed in 2016.

Micro-Apartments: Although these ultra small units have not yet taken hold in Los Angeles, largely due to parking issues, micro units are now on tap in the Hollywood submarket. Cal Coast Development has begun demolition for a $110,000,000 development, Th e Rise-Hollywood. Th e project will include 369 units including about 30 micro units as well as one, two- and three-bedroom apartments and live-work units.

Just Announced: Champion Real Estate Company has just acquired a site near Capitol Records in Hollywood with plans to construct a 20-unit apartment building, a hotel and retail space. M Capital Partners will develop an 860-unit luxury apartment building next to the Lombardi House, which it also owns.

Rising High: It’s been three years coming, but Kilroy Realty began moving dirt for Academy Square at the end of 2017. Just as high rises have become standard in downtown Los Angeles, Kilroy’s project, which will include 250 apartment units, will rise 23 stories. Higher still, a just-announced plan by GPI Capital on the site of Amoeba Music will rise 28 stories.




DEMOGRAPHICS REPORT

1 mile(s) 3 mile(s) 5 mile(s)

2017B Demographics:

Q4 2017 Employees 25,262 140,037 597,684Q4 2017 Establishments* 2,405 16,825 60,650 Total Population 60,432 357,967 1,028,157Total Households 27,754 161,948 431,938Female Population 29,155 174,260 507,311 % Female 48.2% 48.7% 49.3%Male Population 31,277 183,707 520,846 % Male 51.8% 51.3% 50.7%Population Density (per Sq. Mi.) 19,406.14 12,665.38 13,068.41 Employed Civilian Population 16+Total 31,565 196,943 535,489 White Collar 59.6% 63.1% 60.4% Blue Collar 40.4% 36.9% 39.6% Seasonal Population by Quarter:Q4 2014 375 2,654 7,502Q1 2015 410 2,760 7,581Q2 2015 442 2,967 8,237Q3 2015 482 3,188 8,859Q4 2015 506 3,330 9,081Q1 2016 528 3,490 9,343Q2 2016 549 3,653 9,703Q3 2016 485 3,244 8,371Q4 2016 488 3,273 8,429 Age:Age 0 - 4 4.0% 4.7% 5.4%Age 5 - 14 6.7% 7.9% 8.9%Age 15 - 19 4.3% 4.0% 4.5%Age 20 - 24 7.7% 7.0% 7.0%Age 25 - 34 22.4% 22.3% 20.8%Age 35 - 44 16.5% 17.7% 16.6%Age 45 - 54 13.6% 13.8% 13.6%

Age 55 - 64 11.5% 10.8% 10.9%




DEMOGRAPHICS REPORT


Age 65 - 74 7.0% 6.5% 6.8%Age 75 - 84 4.3% 3.6% 3.7%Age 85 + 1.8% 1.7% 1.9%Median Age 37.6 37.1 36.9 Housing UnitsTotal Housing Units 29,224 167,657 448,391 Occupied Housing Units 94.3% 96.3% 96.1% Vacant Housing Units 5.7% 3.7% 3.9% Housing Units by TenureTotal Households in Tenure 27,754 161,948 431,938Owner Occupied Housing Units 3,327 28,306 87,664 Owner Occupied free and clear 25.1% 24.1% 24.4% Owner Occupied with a mortgage or loan 74.9% 75.9% 75.6%Renter Occupied Housing Units 24,428 133,643 344,275 Race and EthnicityAmerican Indian, Eskimo, Aleut 0.6% 0.6% 0.7%Asian 10.5% 20.0% 18.7%Black 4.8% 4.1% 5.4%Hawaiian/Pacific Islander 0.1% 0.1% 0.1%White 61.9% 52.9% 50.5%Other 17.1% 17.5% 19.7%Multi-Race 5.1% 4.7% 4.9% Hispanic Ethnicity 36.0% 36.6% 40.5%Not of Hispanic Ethnicity 63.1% 63.4% 59.7% Race of HispanicsHispanics 21,944 131,002 415,493American Indian 1.0% 1.2% 1.4%Asian 0.4% 0.6% 0.5%Black 0.9% 0.9% 1.0%Hawaiian/Pacific Islander 0.1% 0.1% 0.1%White 44.7% 43.5% 42.7%Other 46.4% 47.0% 47.9%Multi-Race 6.4% 6.6% 6.5% Race of Non HispanicsNon Hispanics 38,489 226,965 612,663American Indian 0.3% 0.3% 0.3%




DEMOGRAPHICS REPORT


Asian 16.2% 31.3% 31.1%Black 7.0% 5.9% 8.5%Hawaiian/Pacific Islander 0.1% 0.1% 0.1%White 71.6% 58.3% 55.7%Other 0.5% 0.5% 0.5%Multi-Race 4.3% 3.6% 3.9% Marital Status:Age 15 + Population 53,930 312,702 881,147Divorced 8.9% 8.6% 8.5%Never Married 52.7% 52.1% 49.4%Now Married 33.0% 34.9% 37.3% Now Married - Separated 2.6% 2.6% 2.7%Widowed 5.5% 4.5% 4.8% Educational Attainment:Total Population Age 25+ 46,640 273,271 762,880Grade K - 8 7.9% 7.4% 10.1%Grade 9 - 12 7.9% 7.2% 8.2%High School Graduate 17.3% 16.1% 17.5%Associates Degree 6.1% 6.0% 5.8%Bachelor's Degree 28.8% 30.7% 27.0%Graduate Degree 10.6% 12.3% 11.3%Some College, No Degree 18.1% 17.6% 16.8%No Schooling Completed 3.2% 2.8% 3.3% Household Income:Income $ 0 - $9,999 12.0% 8.9% 8.6%Income $ 10,000 - $14,999 10.8% 7.8% 7.6%Income $ 15,000 - $24,999 15.1% 12.8% 13.0%Income $ 25,000 - $34,999 10.2% 10.4% 10.4%Income $ 35,000 - $49,999 12.3% 13.1% 12.7%Income $ 50,000 - $74,999 15.5% 16.2% 15.9%Income $ 75,000 - $99,999 7.7% 9.6% 9.8%Income $100,000 - $124,999 5.3% 6.6% 6.8%Income $125,000 - $149,999 3.1% 3.7% 3.9%Income $150,000 + 8.2% 10.9% 11.3% Average Household Income $67,698 $79,806 $80,762Median Household Income $37,206 $45,895 $46,852Per Capita Income $31,863 $36,449 $34,269

GRAMERCY HOLLYWOOD Hollywood, CA · 2018-07-25 · Major Renovation 2017 & 2018 Soft-Story Retrofit...

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