$1,850, /2 Villa Terrace, San Diego, CA /2 Villa Terrace, San Diego, CA

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Building Your Wealth Through 3734-3738 1/2 Villa Terrace, 92104 Norm Root, Senior Associate CalBRE #00591659 Direct: 619.725.3662 Building Your Wealth Through Email: NormRoot@aciapartments.

1 Building Your Wealth Through /2 Villa Terrace, Norm Root, Senior Associate CalBRE # Direct: Building Your Wealth Through Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 1 $1,850,000

2 TABLE OF CONTENTS TABLE OF CONTENTS PROPERTY OVERVIEW THE PROPERTY 3 INVESTMENT SUMMARY 5 COMPARABLE PROPERTIES RENTAL SURVEY 6 LOCATION OVERVIEW REGIONAL MAP 8 LOCAL 3D AERIAL MAP 9 NEIGHBORHOOD DESCRIPTION Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 2

THE PROPERTY PROPERTY OVERVIEW PROPERTY ADDRESS 3734-38 1/2 Villa Terrace 92104 ASSESSOR PARCEL NO.

3 THE PROPERTY PROPERTY OVERVIEW PROPERTY ADDRESS /2 Villa Terrace ASSESSOR PARCEL NO YEAR BUILT: Various LOT SQFT: 6237 BUILDING SQFT: 3,395 # OF UNITS: 5 UNIT MIX: Front House - 2 BR/1 BA Apartment 2 BR/ 1 BA Duplex - 1 BR/1 BA Back House - 1 BR/ 1 BA /2 Villa Terrace is located in the trendy North Park neighborhood. The subject property includes three structures on a 6,237 square foot lot. The front home is a two bedroom one bath with an attached garage. The rear of the complex is comprised of a duplex containing two 1 bedroom/ 1 bathroom units and a separate two bedroom/ one bathroom apartment. There is also a one bedroom one bathroom house located off the alley. The property has a total of 3,395 rentable square feet. PROPERTY HIGHLIGHTS Great Curbside Appeal On Site Laundry Front home has attached garage, hardwood floors, fireplace and separate dining room UNIT HIGHLIGHTS Spacious Units Quiet Complex Tenant common area Walk-in closets Pride of Ownership 2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 3

Building Your Wealth Through PROPERTY OVERVIEW

This information has been secured from sources we

representations or warranties, expressed or

References to square footage are approximate.

4 Building Your Wealth Through PROPERTY OVERVIEW PROPERTY PHOTOS 2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 4

5 INVESTMENT SUMMARY PROPERTY OVERVIEW 2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 5

PROPERTY Building Your Wealth Through RENTAL SURVEY COMPARABLE PROPERTIES ADDRESS YEAR BUILT # UNITS UNIT MIX RENT $

68 92104 Hardwood floors, Laundry on site, Private parking space.

08 92104 Fenced yard, hard wod floors, additional storage, street parking 3 4070 30th St 1939 7 1 Bed 1 Bath $1,450 600

72 House 92104 Small patio, additional living area, refinished wood floors, included storage shed 6 2867 Meade Ave 1930

27 House 92116 Fenced yard, off street parking for 2, laundry in unit RENTAL AVERAGES UNIT MIX 1 Bed 1 Bath 2 Bed 1 Bath

6 PROPERTY Building Your Wealth Through RENTAL SURVEY COMPARABLE PROPERTIES ADDRESS YEAR BUILT # UNITS UNIT MIX RENT $ SqFt $/SqFT FEATURES North Park Way Bed 1 Bath $1, $ Hardwood floors, Laundry on site, Private parking space. Busy street Lincoln Ave Bed 1 Bath $1, $ Fenced yard, hard wod floors, additional storage, street parking th St Bed 1 Bath $1, $ cottage style, refinished counter tops, parking included Hamilton St bed 1 bath $2, $2.87 House W/D onsite. Large attached deck and yard, wood floors, no parking onsite Howard Ave 1927 House 2 Bed 1 Bath $2, $2.72 House Small patio, additional living area, refinished wood floors, included storage shed Meade Ave 1930 House 2 Bed 1 Bath $2, $3.27 House Fenced yard, off street parking for 2, laundry in unit RENTAL AVERAGES UNIT MIX 1 Bed 1 Bath 2 Bed 1 Bath House RENT $ SqFt $/SqFT $1, $2.39 $2, $2.95 RENTAL PROJECTIONS 2 Bed 1 Bath & Garage $2, $ Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 6

RENTAL SURVEY MAP COMPARABLE PROPERTIES 4 6 MAP LEGEND 1 3151-69 North Park Way 2

5 2 3 1 2016 Apartment Consultants, Inc.

no representations or warranties, expressed or implied, as to the accuracy of the

7 RENTAL SURVEY MAP COMPARABLE PROPERTIES 4 6 MAP LEGEND North Park Way Lincoln Ave th St Hamilton St Howard Ave Meade Ave Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 7

8 REGIONAL MAP LOCATION OVERVIEW MISSION VALLEY 8 Minutes 2.8 Miles Villa Terrace DOWNTOWN 18 Minutes 4.7 Miles AIRPORT 14 Minutes 5.9 Miles BEACH 18 Minutes 8.7 Miles 2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 8

3D LOCAL AERIAL MAP LOCATION OVERVIEW 3734-38 Villa Terrace Landis St Pershing Ave Villa Terrace Granada St Utah St 28th St 29th St 30th St University Ave Located in the

This property is a prime asset for investors and owner occupants alike. 2016 Apartment Consultants, Inc.

9 3D LOCAL AERIAL MAP LOCATION OVERVIEW Villa Terrace Landis St Pershing Ave Villa Terrace Granada St Utah St 28th St 29th St 30th St University Ave Located in the historic community of North Park, walking distance to Balboa Park and the downtown North Park area. This property is a prime asset for investors and owner occupants alike Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 9

NEIGHBORHOOD DESCRIPTION LOCATION OVERVIEW Centralized in San Diego s Heart North Park is located on the northern edge of Balboa Park, just three miles from Downtown and eight miles east of Pacific

It is one of San Diego s most centralized neighborhoods providing close proximity to the major highways which can take you directly to many of the San Diego attractions including: Pacific Beach,

A Place to Celebrate since 1915 Stretching over 1,200 acres in the midst of the hustle of Downtown San Diego, Balboa Park is an urban cultural park with an extensive history.

The location provides also easy access to a number of tasty offering including fancy dining at The Prado restaurant, decadent brew at Panama 66, and fast fun food at the snack carts.

Plenty to Do, Plenty to See North Park is a dense community with roughly 11,000 residents per square mile.

10 NEIGHBORHOOD DESCRIPTION LOCATION OVERVIEW Centralized in San Diego s Heart North Park is located on the northern edge of Balboa Park, just three miles from Downtown and eight miles east of Pacific Beach. North Park is on of San Diego s most sprawling urban neighborhoods with a population of approximately 38,000. It is one of San Diego s most centralized neighborhoods providing close proximity to the major highways which can take you directly to many of the San Diego attractions including: Pacific Beach, Mission Beach, La Jolla Shores, Downtown, and Qualcomm Stadium. A Place to Celebrate since 1915 Stretching over 1,200 acres in the midst of the hustle of Downtown San Diego, Balboa Park is an urban cultural park with an extensive history. Originally designed to host spot the Panama-California Exposition the park s many museums have developed it into center for the arts, sciences, and education. The location provides also easy access to a number of tasty offering including fancy dining at The Prado restaurant, decadent brew at Panama 66, and fast fun food at the snack carts. Enjoy these tasty treats while observing the artistic designs of the buildings and art installments. Plenty to Do, Plenty to See North Park is a dense community with roughly 11,000 residents per square mile. This neighborhood provides a vibrant and artsy central business district filled with a mix of office buildings, retail stores, farmers markets, locally owned coffee shops, food trucks, restaurants, bars and nightclubs. This neighborhood also provides residential like buildings with dense apartments and old Craftsman-style bungalows. There is a strong sense of community among residents of North Park who maintain their tree lined streets and canyon cul-de-sacs Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 10

2635 Camino Del Rio South, Suite 300 92108 Phone: 619.299.3000 Fax: 619.295.3737 Website: http://aciapartments.com Norm Root Senior Associate CalBRE # 00591659 619.725.3662 NormRoot@aciapartments.

Since 1982, we have specialized in apartment and investment property transactions, and maintained a solid performance despite changing economic cycles.

11 2635 Camino Del Rio South, Suite Phone: Fax: Website: Norm Root Senior Associate CalBRE # NormRoot@aciapartments.com Apartment Consultants Inc. (ACI) is the most successful income property brokerage firm in San Diego County. Since 1982, we have specialized in apartment and investment property transactions, and maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county that s more properties than the number two and number three firms combined. Whether you re new to apartment investing or an experienced investor looking to upgrade your portfolio, ACI is the right choice to achieve your long-term investment goals Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 11

4533 NORTH AVENUE, SAN DIEGO, CA 92116

TABLE OF CONTENTS 4533 NORTH AVENUE, SAN DIEGO, CA 92116 TABLE OF CONTENTS PROPERTY OVERVIEW 3 PROPERTY LOCATION 4 NEIGHBORHOOD DESCRIPTION 6 COMPARABLE SALES 7 RENTAL SURVEY 9 APARTMENT INVESTMENT INFORMATION