Exhibit J.1
Summary
California State University, Monterey Bay AB 990 Analysis for the CSU One-Bedroom Apartment Rental Market Data
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Campus Number of Properties Radius from Campus Average Building Age Average 1-Bedroom Vacancy Weighted Average 1- Bedroom Vacancy Average 1-Bedroom Rent Weighted Average 1- Bedroom Rent Average 1-Bedroom Rent Per SF 5-Year Historical Rent Growth
Apartment Building San Pablo by the Sea Apartments Thorndike Apartments Lewis Apartments Villa Nova Apartments Villa Nova Apartments Monterey Townhouse Casanova Grove Goldcrest Apartments Siesta Village Apartments Marina Crescent Marina Beach Apartments Marina Cypress Apartments City Center Plaza Seabreeze Apartments The Shoreline at Monterey Bay Marina Del Sol Apartments Palm Apartments Villa Ramona Marina Apartments Driftwood Apartments Reservation Estates Apartments -
Monterey Bay 30 5 Miles 45 4.3% 3.9% $1,409 $1,413 $2.19 36%
Building Information Address 944-966 Amador Ave 1881 Baker St 268 Carmel Ave 666 Casanova Ave 696 Casanova Ave 724 Casanova Ave 730 Casanova Ave 740 Casanova Ave 825 Casanova Ave 930 Casanova Ave 204 Cosky Dr 205 Cosky Dr 3114 Crescent Ave 3270 Del Monte Blvd 3306 Del Monte Blvd 1530-1534 Fremont Blvd 3094 Lake Dr 3124 Lake Dr 1203 Ord Grove Ave 180 Palm Ave 210 Palm Ave 1132-1136 Phoenix Ave 455 Ramona Ave 295 Reservation Rd 321 Reservation Rd 366 Reservation Rd 1091 Sonoma Ave 3050 Sunset Ave 956-966 Trinity Ave Average:
Units Year Built 1968 1964 1963 1973 1975 1965 1960 1967 1978 1973 1984 1987 1987 1979 1977 1977 1961 1973 1985 1973 1973
Vacancy 6.3% 3.3% 0.0% 5.1% 3.3% 5.2% 3.7% 8.7% 8.2% 3.2% 3.0% 7.4% 1.8% 1.8% 5.0% 2.7% 10.3% 3.3% 8.3% 0.9% 4.4% 5.0% 7.9% 7.0% 3.3% 2.0% 5.0% 0.0% 0.0% 4.3%
Total 32 121 22 35 72 31 30 30 90 76 44 39 60 110 70 33 74 86 12 108 50 18 58 40 30 84 2 24 24 52
1-Bedroom 16 30 22 35 35 31 4 10 52 36 44 10 60 62 40 32 34 82 12 54 39 18 11 14 5 42 2 16 12 30
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
1-Bedroom Average Rates Rental Rate Square Feet $ 1,107 650 $ 1,500 600 $ 1,414 750 $ 1,430 725 $ 1,440 725 $ 1,384 676 $ 1,787 775 $ 1,774 700 $ 1,819 680 $ 1,605 600 $ 1,044 750 $ 1,049 750 $ 1,501 589 $ 1,425 420 $ 1,560 700 $ 1,496 515 $ 1,595 565 $ 1,453 578 $ 1,516 750 $ 1,451 620 $ 1,400 600 $ 1,395 580 $ 1,545 700 $ 1,414 700 $ 1,397 700 $ 998 600 $ 978 600 $ 1,138 750 $ 1,247 700 1,409 657 $
Rent/SF 1.70 2.50 1.89 1.97 1.99 2.05 2.31 2.53 2.68 2.68 1.39 1.40 2.55 3.39 2.23 2.90 2.82 2.51 2.02 2.34 2.33 2.41 2.21 2.02 2.00 1.66 1.63 1.52 1.78 2.19
5-Year Historical Rental Rates
Source from CoStar - January 2018
Exhibit J.1
California State University, Monterey Bay AB 990 Analysis for the CSU One-Bedroom Apartment Rental Market Data
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 18 19 20 21 22 23 24 25 26 27 28 29 30
Return to: Table of Content
Campus Number of Properties Radius from Campus Average Building Age Average 1-Bedroom Vacancy Weighted Average 1- Bedroom Vacancy Average 1-Bedroom Rent Weighted Average 1- Bedroom Rent Average 1-Bedroom Rent Per SF 5-Year Historical Rent Growth
Apartment Building San Pablo by the Sea Apartments Thorndike Apartments Lewis Apartments Villa Nova Apartments Villa Nova Apartments Monterey Townhouse Casanova Grove Goldcrest Apartments Siesta Village Apartments Marina Crescent Marina Beach Apartments Marina Cypress Apartments City Center Plaza Seabreeze Apartments The Shoreline at Monterey Bay Marina Del Sol Apartments Palm Apartments Villa Ramona Marina Apartments Driftwood Apartments Reservation Estates Apartments -
Monterey Bay 30 5 Miles 45 4.3% 3.9% $1,409 $1,413 $2.19 36%
Building Information Address 944-966 Amador Ave 1881 Baker St 268 Carmel Ave 666 Casanova Ave 696 Casanova Ave 724 Casanova Ave 730 Casanova Ave 740 Casanova Ave 825 Casanova Ave 930 Casanova Ave 204 Cosky Dr 205 Cosky Dr 3114 Crescent Ave 3270 Del Monte Blvd 3306 Del Monte Blvd 1530-1534 Fremont Blvd 3094 Lake Dr 3124 Lake Dr 1203 Ord Grove Ave 180 Palm Ave 210 Palm Ave 1132-1136 Phoenix Ave 455 Ramona Ave 295 Reservation Rd 321 Reservation Rd 366 Reservation Rd 1091 Sonoma Ave 3050 Sunset Ave 956-966 Trinity Ave Average:
Units Year Built 1968 1964 1963 1973 1975 1965 1960 1967 1978 1973 1984 1987 1987 1979 1977 1977 1961 1973 1985 1973 1973
Vacancy 6.3% 3.3% 0.0% 5.1% 3.3% 5.2% 3.7% 8.7% 8.2% 3.2% 3.0% 7.4% 1.8% 1.8% 5.0% 2.7% 10.3% 3.3% 8.3% 0.9% 4.4% 5.0% 7.9% 7.0% 3.3% 2.0% 5.0% 0.0% 0.0% 4.3%
Total 32 121 22 35 72 31 30 30 90 76 44 39 60 110 70 33 74 86 12 108 50 18 58 40 30 84 2 24 24 52
1-Bedroom 16 30 22 35 35 31 4 10 52 36 44 10 60 62 40 32 34 82 12 54 39 18 11 14 5 42 2 16 12 30
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
1-Bedroom Average Rates Rental Rate Square Feet $ 1,107 650 $ 1,500 600 $ 1,414 750 $ 1,430 725 $ 1,440 725 $ 1,384 676 $ 1,787 775 $ 1,774 700 $ 1,819 680 $ 1,605 600 $ 1,044 750 $ 1,049 750 $ 1,501 589 $ 1,425 420 $ 1,560 700 $ 1,496 515 $ 1,595 565 $ 1,453 578 $ 1,516 750 $ 1,451 620 $ 1,400 600 $ 1,395 580 $ 1,545 700 $ 1,414 700 $ 1,397 700 $ 998 600 $ 978 600 $ 1,138 750 $ 1,247 700 1,409 657 $
Rent/SF 1.70 2.50 1.89 1.97 1.99 2.05 2.31 2.53 2.68 2.68 1.39 1.40 2.55 3.39 2.23 2.90 2.82 2.51 2.02 2.34 2.33 2.41 2.21 2.02 2.00 1.66 1.63 1.52 1.78 2.19
5-Year Historical Rental Rates
Source from CoStar - January 2018
Exhibit J.1
