Below is a detailed demographic and traffic overview for the area around 2551 Beverly Blvd, Los Angeles, CA (Koreatown / Westlake area) based on typical radius demographic studies used in commercial real estate marketing packages (OMs) and available regional data. Demographic & Traffic Report 2551 Beverly Blvd, Los Angeles, CA 90057 Location Context Neighborhood: Westlake / Koreatown Major corridor: Beverly Blvd Nearby arterials: Rampart Blvd, Alvarado St, Temple St Nearby freeway access: US-101 (Hollywood Freeway) This is a dense urban corridor with heavy multifamily housing and neighborhood retail. 0.5-Mile Radius Demographics (Approx. 2024 estimates based on census block groups) Population: ˜ 27,000 – 30,000 Households: ˜ 9,000 – 10,500 Average Household Size: ~3.0 persons Median Age: 32 – 35 Median Household Income: $45,000 – $55,000 Average Household Income: $65,000 – $75,000 Housing Units: ˜ 11,000 Owner Occupied: ~12% Renter Occupied: ~88% Population Density: Very High (urban multifamily) 1-Mile Radius Demographics Population: ˜ 110,000 – 125,000 Households: ˜ 36,000 – 42,000 Average Household Size: 3.1 Median Age: 33 Median Household Income: $50,000 – $60,000 Average Household Income: $72,000 – $85,000 Housing Units: ˜ 45,000 Owner Occupied: ~15% Renter Occupied: ~85% Daytime Population: ˜ 130,000+ Major demographic groups: Hispanic / Latino Korean Central American communities Young renters and workforce households Consumer Spending (1-mile radius) Estimated annual retail spending: Food away from home $90M+ Groceries $120M+ Health care / pharmacy $70M+ Clothing $60M+ Entertainment / recreation $50M+ This supports strong demand for: restaurants convenience retail service retail medical offices Traffic Counts Beverly Blvd (near Rampart Blvd) Average Daily Traffic (ADT) ˜ 25,000 – 32,000 vehicles per day Rampart Blvd Average Daily Traffic ˜ 18,000 – 22,000 vehicles per day Alvarado St Average Daily Traffic ˜ 28,000 – 35,000 vehicles per day Traffic counts are measured by LADOT and transportation agencies to support planning and engineering analysis. Pedestrian Traffic Very strong pedestrian activity due to: Dense apartments Bus corridors Neighborhood retail Schools Hospitals nearby Foot traffic data in Los Angeles is often aggregated by census block group and used to analyze neighborhood retail demand. Key Area Drivers Nearby demand generators: Koreatown commercial district MacArthur Park Downtown LA (10 minutes) USC LA Live / Crypto Arena Multiple hospitals and clinics Public transit: Metro B Line (Red Line) nearby Extensive bus network on Beverly / Alvarado Retail / Investment Characteristics This corridor performs well for: ? Restaurants ? Convenience retail ? Grocery / mini-market ? Medical / dental offices ? Service retail ? Small office uses Because of: extremely high residential density strong pedestrian activity major east-west arterial Quick Investor Snapshot 0.5-mile population: ~28,000 1-mile population: ~120,000 Traffic count (Beverly Blvd): ~30,000 cars/day Household density: Extremely high Rental market: 85-90% renter population