9 UNIT APARTMENT BUILDING 2 BEDROOM. List Price: $915,000

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1 1121 EAST PASADENA STREET POMONA, CA ONLY $101,000/UNIT AND $112/SQ FT-WELL BELOW REPLACEMENT COST GREAT UNIT MIX-8 AND 1 STUDIO APARTMENT WASHER AND DRYER HOOK-UPS IN ALL THE ALMOST 1,000 SQ FT -SOME HAVE AN EXTRA BONUS ROOM PRIVATE BACKYARDS AND PATIOS ON EACH UNIT -LOTS OF PRIVACY 7 GARAGES-2 CARPORTS AND PLENTY OF PARKING-EASY ACCESS 6 OF THE HAVE BEEN RECENTLY COMPLETELY REMODELED ENORMOUS PARCEL-ALMOST 17,000 SQUARE FEET OF LAND

2 OFFERING SUMMARY Purchase Price Rentable SF Price Per SF Lot Size Year Built Number of Units Price/Unit Type of Ownership Unit Mix Parcel Number Lot Dimensions Use Code $915,000 8,149 sq ft $112/ft 16,954 sq ft (1 possible non-conforming unit) $101,667 Fee Simple 8: 2 bed 1bath 1: Studio X 188 Apartments

3 Rent Roll Unit Number / / / / /2 Unit Size (approx) 400 square feet Type Studio Rent $929 $900 $450 $875 $925 $995 $975 $850 $825 Total Income: $7,724 Expenses Property Taxes: $12,902 (based on purchase price) Property Insurance: $3,000 Utilities & Water: $6,542 Pest Control: $150 Landscaping: $770 Vacancy (3%): $2, Repair/Replacement/Maintenance: $5,000 Off-Site Management: $5,567 Reserves & Miscellaneous: $2,500 Total Expenses: $39, Value Indicators Gross Income: $92,688 Net Income: $53, CAP Rate: 5.84% GRM: 9.87 Note: Actual expenses seem to be unusually high. Specifically management, maintenance and insurance expenses. A full audit has not been performed to determine why expenses are this high. It is broker s opinion that an experienced owner will be able to streamline operations and significantly reduce operating expenses.

4 INVESTMENT OVERVIEW For sale is an incredible 9 unit apartment complex located at 1121 East Pasadena Street in Pomona California. This great property is spread throughout 3 separate buildings on a sprawling parcel totaling almost 17,000 square feet. The superior unit mix consists of 8 oversized 2 bedroom units and 1 studio unit (note: studio may not be conforming, buyer to verify). The 2 bedroom units are almost 1,000 square feet, which is well above average for that size apartment. Each unit offers a spacious floor plan, good sized bedrooms, and plenty of windows for natural light. Each 2 bedroom unit is equipped with washer/dryer hook-ups, which is very attractive to tenants and a huge selling point when renting the units. The property has 7 garages in a completely separate building, which is accessible from the rear of the property, along with 2 car-ports and some open parking spaces. Currently the garages are not being rented separately which offers an opportunity for a new owner to increase rental income. The tenants enjoy private fenced yards and patios with the top floor units having large balconies. There are several large open green areas throughout the grounds which are perfect for picnics, BBQ s, and a play area for children. This is a perfect investment opportunity for a new apartment buyer or a great addition to a seasoned investor s portfolio. There is tremendous up-side potential by stabilizing operating expenses that currently seem to be excessively high and increasing rents to a uniform level across the complex. A savvy hands-on investor can turn this apartment project into an efficient source of cash flow through revamping the management operations and some cosmetic upgrades.

5 PROPERTY PHOTOS

6 PROPERTY PHOTOS

7 TYPICAL FLOOR PLAN 9ft Backyard 45ft 5ft 10ft 9ft Kitchen 8ft Bathroom Bedroom 11ft 12ft Living Room Bedroom 11ft Entrance 16ft 15ft * Measurements not exact and not drawn to scale

8 PLAT MAP

9 AERIAL PHOTO