745 AVALON COURT SAN DIEGO, CA Jim Taylor BRE# Managing Director BRE #

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1 745 AVALON COURT 745 AVALON COURT SAN DIEGO, CA 9109 Jim Taylor BRE# Managing Director BRE # Shelly Bird BRE# Senior Advisor/Manager of Operations BRE # SVN Asset Advisory Group 4849 Ronson t, Suite 16, San Diego, CA 9111 OFFERING MEMORANDUM

2 Executive Summary OFFERING SUMMARY Sale Price: $1,400,000 Number Of Units: Cap Rate:.0% NOI: $,608 Lot Size: 0.05 Acres A.P.N. # Tax Records Year Built: 1939 Approx. Building Size: 960 PROPERTY AND LOCATION OVERVIEWVIEW This prime South Mission Beach duplex is conveniently located on the tip of the South Mission Beach peninsula situated between the Pacific Ocean and Mission Bay sand. Property is walking distance to Belmont Park and only minutes to downtown Pacific Beach, Ocean Beach and SeaWorld. The property consists of two one bed/one bath units and one nonconforming studio unit, and is perfectly situated on one of the area's best beach courts located steps to ocean and bay sand.avalon t is the perfect investment opportunity for vacation rental investors, residential and second home buyers, or developers looking for long term rental or vacation rental income. One bed vacation rentals lease for approximately for $175 per night in the peak season and $ per night in the off season. To achieve maximum return investors could consider a nine month rental from Sept thru May then take advantage of peak season vacation rental rates. Furnished units could likely increase monthly rent to $1,600 with restored garage for on-site parking. Repositioning could possibly achieve over $30,000 in vacation rental income in peak summer months. PROPERTY HIGHLIGHTS High Demand South Mission Beach Location Zoning: Submarket: R-: Minor Multiple South Mission Beach Steps to Ocean and Bay Sand Huge Vacation Rental Upside Seller May Finance 745 AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page

3 Unit Mix Summary UNIT TYPE COUNT RENT MARKET RENT 1 Bed/1 Bath 1 $1,500 $1,600 1 Bed/1 Bath 1 $1,390 $1,600 Nonconforming Studio 1 $1,00 Totals/Averages 3 $4,090 $3, AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 3

4 Financial Summary INVESTMENT OVERVIEWVIEW ESTIMATEDTED Price $1,400,000 Price per Unit $700,000 GRM 8.5 CAP Rate.0% Cash-on-Cash Return (yr 1) 1.61 % Total Return (yr 1) $,608 OPERATING DATA ESTIMATEDTED Gross Scheduled Income $49,080 Total Scheduled Income $49,080 Vacancy Cost $1,47 Gross Income $47,608 Operating Expenses $5,000 Net Operating Income $,608 Pre-Tax Cash Flow $, AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 4

5 Additional Photos 745 AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 5

6 Additional Photos 745 AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 6

7 Regional Map 745 Avalon t 745 AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 7

8 Location Maps 745 Avalon t 745 AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 8

9 Sale Comps Summary SUBJE SUBJECT CT PROPER PROPERT TY PRICE PRICE/UNIT # OF UNITS 745 A Av valon C ourtt 745 Avalon t $1,400,000 $700,000 SALE C COMPS OMPS PRICE PRICE/UNIT # OF UNITS CL CLOSE OSE Balboa C ourtt Duple Duplex x 7-74 Balboa t $1,800,000 $900,000 08/08/016 De Dev von C ourtt Devon t $1,90,000 $960,000 03/31/017 Venic enice ec ourtt Venice t $1,475,000 $737,500 11/14/016 Aller Allertton C ourtt 8 Allerton t $1,849,500 $94,750 On Market Sa San nl Luis uis R Re ey Plac Place e 804 San Luis Rey Place $1,95,000 $96,500 On Market Do Dov ver C ourtt Dover t $,350,000 $1,175,000 On Market PRICE PRICE/UNIT # OF UNITS CL CLOSE OSE $1,886,583 $943,91 6 Totals/A tals/av ver erages ages 745 AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 9

10 Sale Comps Map SUBJECT PROPERTY 745 Avalon t BALBOA A COURT DUPLEX Balboa t DEVON COURT Devon t VENICE COURT Venice t ALLERTON COURT 4 8 Allerton t SAN LUIS REY PLACE San Luis Rey Place DOVER COURT Dover t 745 AVALON COURT 745 AVALON COURT, SAN DIEGO, CA 9109 SVN Asset Advisory Group Page 10