5 Fabulous Units in North Park

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1 Presents 5 Fabulous Units in North Park Fantastic 2BR, 1.5BA Single Family Home PLUS 4 1BR,1BA Units with Garages for all!! 3503 Florida St. & Myrtle Ave. $ 1,985,000 Location, Location, Location Prime North Park / Borders Hillcrest Balboa Park Spectacular Complete Remodel for SFR approximately $100,000 done in 2014 New Custom Kitchen, New Baths, New Deck, Zen Garden, etc SFR has separate oversized double car garage, separate large yard with Redwood Deck, Hardwood floors, fireplace, separate office nook, etc - See futher details 2 Duplexes with 4 Garages all 1BR/1BA Units. One Duplex has 2 first floor units. Second Duplex contains 4 Garages with 2 1BR/1BA Units above Total 4 Units Pitched Roofs on all 4 Buildings Separate Water Heaters for all units low expenses for owner 2 Separate Water Meters SFR pays their own Water/Sewer Unit #2018 had complete remodel including new custom kitchen, bath, windows, etc see Improvements and Property Features All units are end units with no one to the top, bottom, or one side of you All Garages have separate entry doors as well Oversized Corner Lot with Plentiful Street Parking Fabulous, Fabulous Location Walking Distance to Balboa Park, Morley Field Parks, Disc Golf, San Diego Zoo, Naval Hospital, and Much More. Minutes to Hillcrest, Whole Foods, Trader Joe s and all other shopping. Close to Freeway 163, I-8 Freeway and I-5 Freeway. ******** 3503 FLORIDA ST. 2BR,1.5BA SFR w/ Oversized 2Car Garage 2014 & 2016 Myrtle Ave. Duplex Two 1BR,1BA Units 2018 & 2020 Myrtle Ave. Duplex Two 1BR,1BA Units

2 Property Summary Address: 3503 Florida Street San Diego, CA Sales Price: $ 1,985,000 Price per unit: $ 397,000 # of Units: 5 Year Built: 1964 Effective Year Built, 4 Unit Apartment SFR Age - Unknown Building Size: 3,279 SF Estimated - Buyer to verify Current GRM: Projected GRM: Cost/Sq.Ft.: $ Map Code: 1269-C6 Parcel No Parcel Size: Parking Info: 9,378 SF 5 garage spaces (4 Single, 1 Double) MLS # Current CAP: 3.54 Projected CAP: 4.08

3 Unit Mix & Income Unit# Unit Type Total Rent Current Projected Est.SF Unit Info br/1.5ba SFR w/porch $ 3,150 $ 3,295 1,279 SF Detached Double Garage, Redwood Deck, Yard, W/D Hookups, Recent Major Remodel BR, 1BA $ 1,695 $ 1, SF Single Garage, Downstairs, Separate Water Heater BR, 1BA $ 1,700 $ 1, SF Single Garage, Downstairs, Separate Water Heater BR, 1BA $ 1,700 $ 1, SF Single Garage, Upstairs, Separate Water Heater. Complete Major Remodel BR, 1BA $ 1,325 $ 1, SF Single Garage, Upstairs, Separate Water Heater Total Monthly Rent $ 9,570 $10,475 Total Annual Rent $114,840 $125,700 Units has NOT been measured for square footage. Total square foot on property profile indicates 3,279 SF. Buyer to verify ALL information, including square footage, age, etc prior to close of escrow.

4 Estimated Expenses Taxes: $ 22,827 (based on 1.15% of Sales Price) Property Insurance: $ 2,109 (Actual) Gas/Electric: $ 198 (Actual) Water & Sewer: $ 1,690 (Actual) Trash: $ - Repairs/Maintenance (5%) of GSI $ 5,750 (Estimate) Professional Mgmt. $ 5,627 (Estimate) Landscaping: $ 2,710 (Actual) Pest Control: $ 384 (Actual) Advertising: $ - Miscellaneous: $ 1,000 (Actual) Total Expenses: $ 42,295 Financial Proforma ACTUAL MARKET Gross Scheduled Income (GSI) 114, ,700 Vacancy (2.5% Estimate) (2,297) (2,514) Gross Operating Income (GOI): $112,543 $123,186 Total Expenses (42,295) (42,295) Net Operating Income (NOI): $70,248 $80,891 Existing Assumable 1st 4.14% 43,697 43,697 Cash Flow (Downpayment $1,275,000) 26,551 37,194 Cash on Cash Return 2.08% 2.92% Currently, property has Chase 1st Loan approx. 4.14% fixed thru Feb.1,2020, payments are $3,641.41/month. New Loan available from Chase of approximately $900,000, 5 year fixed rate of 4.45% (as of Feb. 1, 2018)

5 Improvements and Property Details Unit 2018 Was Remodeled in 2017 All seven windows were replaced with new white vinyl, dual pane, low energy windows and quality blinds New Travertine Tile in Kitchen and Bath Living Room and Bedroom had new Vinyl Plank Flooring New Walnut Kitchen Cabinets New White Rose Granite Countertops New Stainless Streel Double Sink with Plumbing Materials plus new Brushed Nickel Faucet New Toilet and Vanity Mirror. Also New Bathroom Ceramic Sink with Brushed Nickel Faucet. New Track Lighting and upgraded Electrical Switches, Plates and Outlets Dual Color Tone New Front Screen Door New Travertine Tile Surround Stainless Steel Refrigerator and Oven/Stove New BTU Furnace Total Cost approximately $23,000 plus Stunning Remodel has all new Travertine and Vinyl Plank Flooring

6 Improvements and Property Details Single Family House 3503 Florida Street House was completely remodeled in 2014 of remodel was approximately $100,000 Hardwood Floors refinished New Kitchen Designer Shaker White Cabinets with Quartz Countertops Both Full Bath and Half Bath completely remodeled featuring SACKS tile White Subway Tile Glass Shower Door New High Quality Windows Brick Surround Working Fireplace, gas line was brought in All new Kitchen Aid Appliances including Stove, Refrigerator, Dishwasher, Microwave and Wine Cooler Separate Office Nook off from Kitchen New Window Coverings New Redwood Deck Oversized Double Car Garage with Washer/Dryer Hookups French Doors leading to Redwood Deck with Zen Garden and Yard Custom Tile Floors in Kitchen and Baths Plus Other Custom Features

7 Other Features 4 Garages One Single Car Garage for each 1BR unit Oversized 2 Car Garage for SFR Nice Courtyard between duplex building Low Maintenance Landscaping Large Lot of 9,378 Sq.Ft. Second Courtyard for the Duplexes. This courtyard is on another level that is accessed via a gate and stairs. Can be enhanced further with outdoor furniture, table, chairs, BBQ for small get togethers. Open to your imagination, but could easily be improved further Unit 2016 gets reimbursed $15 per month was electricity for duplex outside lights Two Lemon Trees, Several Palm Trees Assumable Financing of 4.14% or get a new loan New Financing Available with Chase of approx % (quote as of 2/1/2018) 4 (Four) Separate Buildings Outstanding Location in North Park, Borders, Hillcrest and Balboa Park, close to Naval Hospital Fantastic Owner Occupant Opportunity and/or Investment Property