for sale $2,600,000 pacific crest · for sale $2,600,000 pacific crest 5235 southeast lambert...

For Sale $2,600,000 Pacific Crest5235 Southeast Lambert Street

Portland, OR 97206

Cap Rate: 5.94% G.R.M. 12.07

Year Built: 1966 Units: 16

Cole RoffmanPrincipal Broker971279[email protected]

Amy RoffmanBroker503887[email protected]

7460 SW Canyon DrivePortland, Oregon 97225

PROPERTY HIGHLIGHTS

Excellent location neighboring the hot Woodstock Strip, near ReedCollege, with close proximity to Downtown Portland

●

Property features a new roof, newer exterior paint, vinyl windows,copper plumbing, onsite laundry facilities, newly sealed/stripedparking lot, separate entrance for garbage collection, security cameras,exterior building fire alarm

●

Sixteen (16) units comprised of eight (8) 850 sqft. 2bed 1bath units,seven (7) 750 sqft. 1bed 1bath units, and one (1) 650 sqft. 1bed 1bath unit

●

15 Units feature upgraded interiors which include new appliances,flooring, some cabinets, counter tops, and fixtures. Remaining unit hasnewer appliances

●

Upside for a new owner in turnover rents and through implementationof a utility reimbursement program

●

Investment Overview

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PROPERTY SUMMARYPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Property SummaryCounty Multnomah

Year Built 1966

Purchase Price $2,600,000

Units 16

Price Per Unit $162,500

Unit Mix (8) 1/1 & (8) 2/1

Cap Rate 5.90%

Rentable Sq. Ft. 12,700

Price Per Sq. Ft. $201.55

APN R144746

Zoning R2/CM1

Lot Size 21,450 Sq. Ft.

Floors 2

Construction Type Reinforced Concrete

Roof Built Up *2018

Foundation Concrete

Windows Vinyl

Parking Lot Asphalt *2018

Parking Ratio 1.63

Laundry Onsite

Property OverviewOriginally built in 1966; this copper plumbed reinforced concrete buildingfeatures extensive recent capital improvements include new sealcoat andstriping on the parking lot, new roof, vinyl windows, new appliances, newcounter tops, new flooring, and new fixtures. The exterior has been recentlypainted and is in excellent condition. The subject propertyconsists of a desirable mix of eight (8) One Bed One Bath and eight (8) TwoBed One Bath units.There is ample parking and residents have secureaccess to laundry facilities available onsite. Residents also have access to anoutdoor barbecue and picnic area.

Location OverviewPacific Crest Apartments feature a close in east side location whichneighbors the hot Woodstock Strip, is near Reed College, and is in closeproximity to Downtown Portland. Public Transportation is available via a shorttwo block walk to Busline 71. Residents enjoy a bike score of 78 and all thebenefits that excellent access to bicycle infrastructure entails including veryconvenient access to the Brentwood Darlington Community Center, ErrolHeights City Park, and Hazeltine Park nearby.

PROPERTY DESCRIPTIONPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Pacific Crest Apartments | DescriptionPacific Crest Apartments feature a close in east side location which neighbors the hot WoodstockStrip, is near Reed College, and is in close proximity to Downtown Portland. Public Transportation isavailable via a short two block walk to Busline 71. Residents enjoy a bike score of 78 and all thebenefits that excellent access to bicycle infrastructure entails including very convenient access to theBrentwood Darlington Community Center, Errol Heights City Park, and Hazeltine Park nearby.

Originally built in 1966; extensive recent capital improvements include new sealcoat and striping on theparking lot, new roof, vinyl windows, new appliances, new counter tops, new flooring, and new fixtures.The exterior has been recently painted and is in excellent condition. The subject propertyconsists of a desirable mix of eight (8) One Bed One Bath and eight (8) Two Bed One Bath units.Thereis ample parking and residents have secure access to laundry facilities available onsite. Residents alsohave access to an outdoor barbecue and picnic area.

A new Investor will find that there is potential for significant upside on unit turnover through setting newrents, through implementing a utility reimbursement program, and should experience continued growthand stability as the submarket continues to develop.

Pricing & FinancialAnalysis

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UNIT MIX REPORTPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly

7 1+1 750 $1,014 $7,095 $1,085 $7,595

1 1+1 B 650 $955 $955 $995 $995

8 2+1 850 $1,206 $9,650 $1,295 $10,360

16 12,700 $17,700 $18,950

UNIT MIX UNIT MIX SQUARE FEET

● 1+1

● 1+1 B

● 2+1

● 1+1

● 1+1 B

● 2+1

UNIT MIX INCOME UNIT MIX MARKET INCOME

● 1+1

● 1+1 B

● 2+1

● 1+1

● 1+1 B

● 2+1

PRO FORMA SUMMARYPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

INCOME

Description Actual Per Unit Pro Forma Per Unit

Gross Potential Rent $212,400 $13,275 $227,400 $14,213

Less: Vacancy ($6,372) ($398) ($6,822) ($426)

+ Misc. Income $2,988 $187 $13,080 $818

Effective Gross Income $209,016 $13,063 $233,658 $14,604

OPERATING EXPENSES

Description Actual Per Unit Pro Forma Per Unit

Property Management Fee $6,462 $404 $7,959 $497

Office/Administration $600 $38 $600 $38

Advertising $0 $0 $250 $16

Building Insurance $3,422 $214 $3,500 $219

Landscaping $2,134 $133 $3,000 $188

Maintenance $3,155 $197 $3,500 $219

Repairs $3,761 $235 $6,000 $375

Reserves $4,000 $250 $4,000 $250

2018 Taxes Real Estate $17,355 $1,085 $17,875 $1,117

Trash Removal $2,817 $176 $2,901 $181

Utility Electricity $942 $59 $990 $62

Utility Water & Sewer $9,880 $618 $10,176 $636

TOTAL EXPENSES ($54,528) ($3,408) ($60,751) ($3,797)

NET OPERATING INCOME $154,488 $9,655 $172,907 $10,807

PRO FORMA SUMMARYPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

UNIT MIX & MONTHLY SCHEDULED

Type Units Actual Total Pro Forma Total

1+1 7 $1,014 $7,095 $1,085 $7,595

1+1 B 1 $955 $955 $995 $995

2+1 8 $1,206 $9,650 $1,295 $10,360

TOTALS 16 $17,700 $18,950

ANNUALIZED INCOME

Description Actual Pro Forma

Gross Potential Rent $212,400 $227,400

Less: Vacancy ($6,372) ($6,822)

+ Misc. Income $2,988 $13,080

Effective Gross Income $209,016 $233,658

Less: Expenses ($54,528) ($60,751)

Net Operating Income $154,488 $172,907

Debt Service ($79,958) ($79,958)

Net Cash Flow after Debt Service $74,530 $92,949

+ Principal Reduction $26,069 $26,069

TOTAL RETURN $100,599 $119,018

ANNUALIZED EXPENSES

Description Actual Pro Forma

Property Management Fee $6,462 $7,959

Office/Administration $600 $600

Advertising $0 $250

Building Insurance $3,422 $3,500

Landscaping $2,134 $3,000

Maintenance $3,155 $3,500

Repairs $3,761 $6,000

Reserves $4,000 $4,000

2018 Taxes Real Estate $17,355 $17,875

Trash Removal $2,817 $2,901

Utility Electricity $942 $990

Utility Water & Sewer $9,880 $10,176

TOTAL EXPENSES $54,528 $60,751

EXPENSES PER RSF $4.29 $4.78

EXPENSES PER UNIT $3,408 $3,797

*Pro Forma Misc. Income: Pet Rent $10/NonADA ($160/m) + Utility Fee $45/1Bed + $55/2Bed($800/m)

INVESTMENT SUMMARY

PRICE $2,600,000

Year Built 1966

Units 16

Price/Unit $162,500

RSF 12,700

Price/RSF $204.72

Lot Size 21,450 sf

Floors 2

APN R144746

Cap Rate 5.94%

Pro Forma Cap

Rate6.65%

GRM 12.07

Pro Forma GRM: 10.81

FINANCING SUMMARY

LOAN AMOUNT $1,430,000

Down Payment $1,170,000

Loan Type Fixed

Interest Rate 3.8%

Term 30 years

Monthly Payment $6,663

DCR 1.93

UNIT RENT ROLLPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Unit Description Approx. Sq. Ft. Current Rent Pro Forma Rent Comments

A 1+1 B 650 $955 $995

A1 1+1 750 $1,085 $1,085

A2 1+1 750 $1,015 $1,085

A3 1+1 750 $1,015 $1,085

A4 2+1 850 $1,265 $1,295 Vacant

A5 2+1 850 $1,220 $1,295

A6 2+1 850 $1,265 $1,295

A7 2+1 850 $1,245 $1,295

B 1+1 750 $995 $1,085

B1 1+1 750 $1,025 $1,085

B2 1+1 750 $965 $1,085

B3 1+1 750 $995 $1,085

B4 2+1 850 $1,195 $1,295

B5 2+1 850 $1,220 $1,295

B6 2+1 850 $1,120 $1,295

B7 2+1 850 $1,120 $1,295

CUMULATIVE ANALYSISPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Description Year 1 Year 2 Year 3 Year 4 Year 5

Equity (appreciation) $130,000 $266,500 $409,825 $560,316 $718,332

Equity (loan reduction) $26,069 $53,146 $81,271 $110,483 $140,824

CASH FLOW (a/t) $74,530 $157,807 $250,294 $352,477 $464,867

Totals To Date $230,599 $477,453 $741,390 $1,023,276 $1,324,023

Invested Capital ($1,184,300) ($1,184,300) ($1,184,300) ($1,184,300) ($1,184,300)

ROIC To Date 19.47% 40.32% 62.60% 86.40% 111.80%

* a/t = after taxes; ROIC = Return On Invested Capital

Property Photos

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Building Front Building Rear

Laundry Room Entrance Storage and Picnic Area

Seal Coated and Striped Parking Lot New Roof

PROPERTY PHOTOSPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

Two Bedroom Unit Kitchen Remodel A Two Bedroom Unit Bathroom Remodel

Two Bedroom Unit Kitchen Remodel B One Bedroom Unit Bathroom Remodel

One Bedroom Unit Kitchen Remodel Bedroom


Mailbox Laundry Room

Separate Garbage Driveway & Enclosure Signage


Maps and Aerials

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LOCATION MAPPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

REGIONAL MAPPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

AERIAL MAPPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

BUSINESS MAPPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

Comparables

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RENT COMPARABLES CHARTSPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Subject 1 2 3 4 5 6 7 8 9 A B C D E F G

10%

20%

30%

40%

50%

60%

70%

80%

90%

100% Avg.

97.313

Occupancy

Two Bedroom One Bath Two Bedroom Two Bath One Bedroom One Bath Three Bedroom One Bath

$140

$280

$420

$560

$700

$840

$980

$1,120

$1,260

$1,400

$1,256

$1,378

$1,090

$1,275

Average Rent per Unit Type

RENT COMPARABLESPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



S

Pacific Crest Apartments5235 Southeast Lambert Street, Portland, OR 97206

Avg Rent/rsf $1.39RSF 12,700Occupancy 100%Units 16Year Built 1966

# Units Unit Type Avg Rent7 1+1 $1,014

1 1+1 B $955

8 2+1 $1,206

NotesSealed and Restriped Parking Lot, New Roof, and Vinyl Windows. Units recently renovated with Appliances, Flooring,Fixtures, Cabinets, and Countertops. Onsite Laundry.

1

Ridgewood Apartments58065810 SE Ogden St, Portland, OR 97206


# Units Unit Type Avg Rent14 Two Bedroom One $9861 Two Bedroom Two $1,150

NotesSome new appliances and flooring. W&D Hookups. Decks/Patios.

2

Holgate Ten4065 SE Holgate Blvd, Portland, OR 97202


# Units Unit Type Avg Rent10 One Bedroom One $1,050

NotesUnits in above average interior condition though not fully renovated. Recently painted exterior.




3

4202 SE 58th Avenue4202 SE 58th Avenue, Portland, OR 97206


# Units Unit Type Avg Rent12 Two Bedroom One $1,300

4

Henry 1552135331 SE Henry Street, Portland, OR 97206


# Units Unit Type Avg Rent13 Two Bedroom One $1,1952 Three Bedroom One $1,275

NotesWater Bill back. W&D hookups.

5

The Arletta5214 SE 72nd Avenue, Portland, OR 97206


# Units Unit Type Avg Rent12 Two Bedroom One $1,45056 One Bedroom One $1,130

NotesW&D in Unit.




6

Triangle Terrace5625 SE Gladstone, Portland, OR 97206



10 One Bedroom One $1,095

Notes$75 Bill back. Onsite Laundry. Full renovation 2008.

7

Rose Place Apartments74247434 SE Henry St, Portland, OR 97206


# Units Unit Type Avg Rent10 Two Bedroom One $1,2504 One Bedroom One $900

NotesOnsite Laundry. No Parking.

8

7123 SE Powell7123 SE Powell Blvd, Portland, OR 97206



NotesWasher/Dryer Hookup




9

7010 SE Rhone Street7010 SE Rhone Street, Portland, OR 97206



A

5912 SE Gladstone St5912 SE Gladstone St, Portland, OR 97206


# Units Unit Type Avg Rent2 One Bedroom One $9753 Two Bedroom One $1,262

B

2758 SE 52nd Ave2758 SE 52nd Avenue, Portland, OR 97206



NotesWater, Sewer, and Garbage Included.




C

Chelsea Manor4039 SE Holgate Blvd, Portland, OR 97202


# Units Unit Type Avg Rent2 One Bedroom One $985

18 Two Bedroom One $1,109

NotesOff Street Parking. Well Maintained.

D

Cedar Breaks Apartments4032 SE Holgate Blvd, Portland, OR 97202


# Units Unit Type Avg Rent8 Two Bedroom One $1,3952 Two Bedroom Two $1,345

NotesGood interior condition. Two Townhouse Style Units. Vinyl Windows, Newer Roof, Onsite Laundry.

E

3454 SE Cora Dr3454 SE Cora Dr, Portland, OR 97202


# Units Unit Type Avg Rent1 One Bedroom One $9003 Two Bedroom One $1,3052 Two Bedroom Two $1,525

NotesExcellent Condition. Large Units. Similar Location.




F

3420 SE 58th Ave,3420 SE 58th Avenue, Portland, OR 97206



NotesSingle Level Courtyard Style 4Plex Buildings.

G

3408 SE 55th Ave3408 SE 55th Avenue, Portland, OR 97206



NotesSingle Level 5 Unit Building. Similar Neighborhood.




S 5235 Southeast Lambert StreetPortland, OR, 97206

1 58065810 SE Ogden StPortland, OR, 97206

2 4065 SE Holgate BlvdPortland, OR, 97202

3 4202 SE 58th AvenuePortland, OR, 97206

4 52135331 SE Henry StreetPortland, OR, 97206

5 5214 SE 72nd AvenuePortland, OR, 97206

6 5625 SE GladstonePortland, OR, 97206

7 74247434 SE Henry StPortland, OR, 97206

8 7123 SE Powell BlvdPortland, OR, 97206

9 7010 SE Rhone StreetPortland, OR, 97206

A 5912 SE Gladstone StPortland, OR, 97206

B 2758 SE 52nd AvenuePortland, OR, 97206

C 4039 SE Holgate BlvdPortland, OR, 97202

D 4032 SE Holgate BlvdPortland, OR, 97202

E 3454 SE Cora DrPortland, OR, 97202

F 3420 SE 58th AvenuePortland, OR, 97206

G 3408 SE 55th AvenuePortland, OR, 97206

RECENT SALE COMPARABLESPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Subject 1 2 3 4 5

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

Avg.

5.146

Cap Rate

Subject 2 3 4 5

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

Avg.

12.875

Gross Rent Multiplier




Subject 1 2 3 4 5

$21,000

$42,000

$63,000

$84,000

$105,000

$126,000

$147,000

$168,000

$189,000

$210,000

Avg.

$159,170

Price per Unit

Subject 1 2 3 4 5

$28

$56

$84

$112

$140

$168

$196

$224

$252

$280

Avg.

$200.85

Price per Sq. Ft.




S


Sale Price $2,600,000Units 16Price / Unit $162,500Price/SqFt $204.72Lot Size 21,450Cap Rate 5.94%GRM 12.07Year Built 1966

# Units Unit Type7 1+11 1+1 B8 2+1


1

Cedar Breaks Apartments4032 SE Holgate Blvd, Portland, OR 97202

Sale Price $1,775,000Units 10Price / Unit $177,500Price/SqFt $277.08Lot Size 9,990Cap Rate 6.1%Year Built 1973Sale Date 4/7/2017DaysOnMarket 270

# Units Unit Type8 2 Bedroom / 1 Bath2 2 Bedroom / 2 Bath

NotesGood interior condition. Two Townhouse Style Units. Vinyl Windows, Newer Roof, Onsite Laundry.

2

Holgate Ten4065 SE Holgate Blvd, Portland, OR 97202

Sale Price $1,400,000Units 10Price / Unit $140,000Price/SqFt $217.12Lot Size 9,500Cap Rate 4.31%GRM 14.0Year Built 1966Sale Date 7/12/2017

# Units Unit Type10 1 Bedroom / 1 Bath

NotesUnits in above average interior condition though not fully renovated. Recently painted exterior.




3

Ridgewood Apartments58065810 SE Ogden St, Portland, OR 97206

Sale Price $2,010,000Units 15Price / Unit $134,000Price/SqFt $163.39Lot Size 39,564Cap Rate 5.61%GRM 11.6Year Built 1972Sale Date 1/11/2018


NotesSome new appliances and flooring. W&D Hookups. Decks/Patios.

4

5912 SE Gladstone St5912 SE Gladstone St, Portland, OR 97206

Sale Price $703,000Units 5Price / Unit $140,600Price/SqFt $156.22Lot Size 8,000Cap Rate 5.41%GRM 11.1Year Built 1974Sale Date 7/30/2018


5

3454 SE Cora Dr3454 SE Cora Dr, Portland, OR 97202

Sale Price $1,222,500Units 6Price / Unit $203,750Price/SqFt $190.42Lot Size 12,400Cap Rate 4.3%GRM 14.8Year Built 1972Sale Date 3/30/2018DaysOnMarket 98

# Units Unit Type1 1 Bedroom / 1 Bath3 2 Bedroom / 1 Bath2 2 Bedroom / 2 Bath

NotesExcellent Condition. Large Units. Similar Location.




S 5235 Southeast Lambert StreetPortland, OR, 97206$2,600,000

1 4032 SE Holgate BlvdPortland, OR, 97202$1,775,000


3 58065810 SE Ogden StPortland, OR, 97206$2,010,000

4 5912 SE Gladstone StPortland, OR, 97206$703,000

5 3454 SE Cora DrPortland, OR, 97202$1,222,500

IN ESCROW COMPARABLESPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



Subject 1

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

Avg.

4.87

Cap Rate

Subject 1

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

Avg.

14.1

Gross Rent Multiplier




Subject 1

$19,000

$38,000

$57,000

$76,000

$95,000

$114,000

$133,000

$152,000

$171,000

$190,000Avg.

$180,000

Price per Unit

Subject 1

$24

$48

$72

$96

$120

$144

$168

$192

$216

$240 Avg.

$237.66

Price per Sq. Ft.




S


Sale Price $2,600,000Units 16Price / Unit $162,500Price/SqFt $204.72Lot Size 21,450Cap Rate 5.94%GRM 12.07Year Built 1966

# Units Unit Type7 1+11 1+1 B8 2+1


1

Chelsea Manor4039 SE Holgate Blvd, Portland, OR 97202

Asking Price $3,600,000Units 20Price / Unit $180,000Price/SqFt $237.66Lot Size 19,945Cap Rate 4.87%GRM 14.1Year Built 1977Sale Date In EscrowDaysOnMarket 8

# Units Unit Type2 1 Bedroom / 1 Bath

18 2 Bedroom / 1 Bath

NotesOff Street Parking. Well Maintained.




S 5235 Southeast Lambert StreetPortland, OR, 97206$2,600,000


Demographics

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DEMOGRAPHICSPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206

Population 1 Mile 3 Mile 5 Mile

Male 9,847 76,174 198,816

Female 10,080 78,623 205,911

Total Population 19,927 154,797 404,727

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 04 1,029 8,122 20,540

Ages 59 1,295 9,924 24,741

Ages 1014 1,216 8,915 22,351

Ages 1519 1,190 8,478 21,713

Ages 2024 1,224 8,780 22,361

Ages 2529 1,199 9,353 23,961

Ages 3034 1,232 10,189 26,432

Ages 3539 1,269 11,271 29,357

Ages 4044 1,415 12,147 31,373

Ages 4549 1,560 12,468 32,106

Ages 5054 1,560 11,933 31,209

Ages 5559 1,477 11,052 29,389

Ages 6064 1,256 9,418 25,710

Ages 6569 986 7,443 20,630

Ages 7074 722 5,381 15,029

Ages 7579 475 3,584 10,228

Ages 8084 310 2,218 6,485

Ages 85+ 512 4,121 11,112

Race Characteristics 1 Mile 3 Mile 5 Mile

Non Hispanic White 17,773 130,895 345,147

Population Black 136 2,567 7,833

Population Am In/AK Nat 61 444 1,014

Household Income 1 Mile 3 Mile 5 Mile

Median $52,760 $45,700 $49,831

< $10000 389 4,535 13,360

$10000$14999 347 4,015 9,960

$15000$19999 312 3,358 8,607

$20000$24999 433 3,715 9,262

$25000$29999 368 3,299 8,783

$30000$34999 431 3,897 8,984

$35000$39999 418 3,807 8,377

$40000$44999 354 3,552 8,792

$45000$49999 414 3,062 7,943

$50000$60000 870 5,721 14,633

$60000$74000 1,097 7,579 18,676

$75000$99999 1,041 8,126 21,266

$100000$124999 444 4,206 12,575

$125000$149999 306 1,884 6,411

$150000$199999 288 1,800 6,180

> $200000 272 1,319 6,317

Housing 1 Mile 3 Mile 5 Mile

Total Units 8,549 71,095 187,062

Occupied 8,108 67,388 175,844

Owner Occupied 5,997 37,708 94,934

Renter Occupied 2,111 29,680 80,910

Vacant 441 3,707 11,218


Population 1 Mile 3 Mile 5 Mile

Male 9,847 (49.42 %) 76,174 (49.21 %) 198,816 (49.12 %)

Female 10,080 (50.58 %) 78,623 (50.79 %) 205,911 (50.88 %)

Total Population 19,927 154,797 404,727

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 17,773 130,895 345,147

Population Black 136 2,567 7,833

Population Am In/Ak Nat 61 444 1,014

Housing 1 Mile 3 Mile 5 Mile

Housing Units 8,549 71,095 187,062

Occupied Units 8,108 67,388 175,844

Owner Occupied Units 5,997 37,708 94,934

Renter Occupied Units 2,111 29,680 80,910

Vacant Units 441 3,707 11,218


Household Income 1 Mile 3 Mile 5 Mile

Median Income $52,760 $45,700 $49,831

Less than $10,000 389 4,535 13,360

$10,000 $14,999 347 4,015 9,960

$15,000 $19,999 312 3,358 8,607

$20,000 $24,999 433 3,715 9,262

$25,000 $29,999 368 3,299 8,783

$30,000 $34,999 431 3,897 8,984

$35,000 $39,999 418 3,807 8,377

$40,000 $44,999 354 3,552 8,792

$45,000 $49,999 414 3,062 7,943

$50,000 $59,999 870 5,721 14,633

$60,000 $74,999 1,097 7,579 18,676

$75,000 $99,999 1,041 8,126 21,266

$100,000 $124,999 444 4,206 12,575

$125,000 $149,999 306 1,884 6,411

$150,000 $199,999 288 1,800 6,180

Greater than $200,000 272 1,319 6,317

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 04 1,029 (5.16 %) 8,122 (5.25 %) 20,540 (5.08 %)

Ages 59 1,295 (6.50 %) 9,924 (6.41 %) 24,741 (6.11 %)

Ages 1014 1,216 (6.10 %) 8,915 (5.76 %) 22,351 (6.11 %)

Ages 1519 1,190 (5.97 %) 8,478 (5.48 %) 21,713 (5.36 %)

Ages 2024 1,224 (6.14 %) 8,780 (5.67 %) 22,361 (5.52 %)

Ages 2529 1,199 (6.02 %) 9,353 (6.04 %) 23,961 (5.92 %)

Ages 3034 1,232 (6.18 %) 10,189 (6.58 %) 26,432 (6.53 %)

Ages 3539 1,269 (6.37 %) 11,271 (7.28 %) 29,357 (7.25 %)

Ages 4044 1,415 (7.10 %) 12,147 (7.85 %) 31,373 (7.75 %)

Ages 4549 1,560 (7.83 %) 12,468 (8.05 %) 32,106 (7.93 %)

Ages 5054 1,560 (7.83 %) 11,933 (7.71 %) 31,209 (7.71 %)

Ages 5559 1,477 (7.41 %) 11,052 (7.14 %) 29,389 (7.26 %)

Ages 6064 1,256 (6.30 %) 9,418 (6.08 %) 25,710 (6.35 %)

Ages 6569 986 (4.95 %) 7,443 (4.81 %) 20,630 (5.10 %)

Ages 7074 722 (3.62 %) 5,381 (3.48 %) 15,029 (3.71 %)

Ages 7579 475 (2.38 %) 3,584 (2.32 %) 10,228 (2.53 %)

Ages 8084 310 (1.56 %) 2,218 (1.43 %) 6,485 (1.60 %)

Ages 85+ 512 (2.57 %) 4,121 (2.66 %) 11,112 (2.75 %)

Disclaimer

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DISCLAIMERPacific Crest Apartments5235 Southeast Lambert Street | Portland, OR 97206



The information in this document has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs

for sale $2,600,000 pacific crest · for sale $2,600,000 pacific crest 5235 southeast lambert...

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