LOUISIANA ST FOR SALE MULTIFAMILY LOUISIANA ST, San Diego, CA 92104

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1 , San Diego, CA SALE OVERVIEW SALE PRICE: $1,225,000 NUMBER OF UNITS: 4 PROPERTY DESCRIPTION This building is comprised of a desirable mix of two 2 bedrooms 1 bath, one 1 bedroom 1 bath and a studio all the are units fully occupied. One two car garage in the back of the building. This investment would be ideal for the investor seeking to acquire a long-term investment in the Heart of North Park. NOI: $45,137 - Newly renovated units LOT SIZE: BUILDING SIZE: Approx. 3,492 SF Approx. 2,166 SF - Short Walk to Parks and Urban Landscapes - Upside in Rents - Great Unit Mix YEAR BUILT: 1970

2 DISCLAIMER 4 UNITS SAN DIEGO, CA The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN. Neither the SVN nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. All SVN Offices Independently Owned & Operated.

3 FOR SALE MULTIFAMILY, San Diego, CA BRE # All SVN Offices Independently Owned & Operated.

4 , San Diego, CA POPULATION 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION 13,841 41,571 72,126 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES TOTAL HOUSEHOLDS 7,456 22,428 38,178 # OF PERSONS PER HH AVERAGE HH INCOME $52,917 $59,000 $61,926 AVERAGE HOUSE VALUE $435,267 $493,698 $483,083

5 , San Diego, CA LOCATION OVERVIEW SVN Asset y Group is pleased to present the highly desirable apartment complex of 4177 Louisiana St. Located in the neighborhood of North Park, this building lies in one of the most desirable zip codes in San Diego. Nestled in the heart of North Park in close proximity to Downtown, Balboa Park, Beaches centrally located in America's finest City. Surrounded by urban landscape and parks, this newly renovated complex which was completely redone from ceiling to floor.

6 , San Diego, CA 92104

7 , San Diego, CA 92104

8 , San Diego, CA UNIT NUMBER UNIT BED UNIT BATH CURRENT RENT CURRENT RENT (PER SF) MARKET RENT MARKET RENT/SF $1,995 $2, $1,595 $1, $1,095 $1, $1,095 $1,195 Totals/Averages $5,780 $6,715

9 , San Diego, CA INVESTMENT OVERVIEW CURRENT YEAR 1 Price $1,225,000 $1,225,000 Price per Unit $306,250 $306,250 GRM CAP Rate 3.7% 4.5% Cash-on-Cash Return (yr 1) 1.38 % 3.16 % Total Return (yr 1) $19,474 $29,535 Debt Coverage Ratio OPERATING DATA CURRENT YEAR 1 Gross Scheduled Income $69,360 $79,320 Other Income $900 $900 Total Scheduled Income $70,260 $80,220 Vacancy Cost $0 $2,406 Gross Income $69,360 $77,813 Operating Expenses $24,222 $22,222 Net Operating Income $45,137 $55,591 Pre-Tax Cash Flow $7,838 $17,723 FINANCING DATA CURRENT YEAR 1 Down Payment $570,000 $560,000 Loan Amount $655,000 $665,000 Debt Service $37,299 $37,868 Debt Service Monthly $3,108 $3,155 Principal Reduction (yr 1) $11,635 $11,812

10 , San Diego, CA INCOME SUMMARY YEAR 1 PER UNIT CURRENT PER UNIT Rental Income - - $69,360 $17,340 Market Rental Income $79,320 $19, GROSS INCOME $79,320 $19,830 $69,360 $17,340 EXPENSE SUMMARY YEAR 1 PER UNIT CURRENT PER UNIT Real Estate Taxes - - $14,328 $3,582 Insurance - - $1,000 $250 Utilities/Water - - $5,035 $1,258 Repairs & Maintenance - - $3,292 $823 Pest Control - - $192 $48 Landscaping $175 $43 $175 $43 Miscellaneous $200 $50 $200 $50 Real Estate Taxes $14,328 $3, Insurance $1,000 $ Utitlies/Water $3,035 $ Reapirs & Maintenance $3,292 $ Pest Control $192 $ GROSS EXPENSES $22,222 $5,555 $24,222 $6,055 NET OPERATING INCOME $55,591 $13,897 $45,137 $11,284