5 Houses 1 Parcel El Cajon 609 South Orange Ave, San Diego 92020

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5 Houses 1 Parcel El Cajon, San Diego 92020 Arby

com Building Your Wealth Through 2018 Apartment

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or warranties, expressed or implied, as to the accuracy

1 5 Houses 1 Parcel El Cajon, San Diego Arby Eivazian Arbyaci@gmail.com Building Your Wealth Through 2018 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

3 Identical 2 Bed 1 Bath ~800 SqFt Houses View from South Orange Ave PROPERTY OVERVIEW PROFORMA DETAILS # Units Address City State Zip Yr Built (Aprx.) Lot Size 5 609 S.

2 3 Identical 2 Bed 1 Bath ~800 SqFt Houses View from South Orange Ave PROPERTY OVERVIEW PROFORMA DETAILS # Units Address City State Zip Yr Built (Aprx.) Lot Size S.Orange Ave San Diego CA ,422 GRM CAP Rate % Rentable Price Market Market $ / Unit $ / Sq Ft Sq Ft $1,650, % $330,000 $ , 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

3 3 Identical 2 Bed 1 Bath ~800 SqFt Houses View from South Orange Ave 2018 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

4 3 bed 2bath House, view from Chamberlain Ave 3 bed 2bath House, view towards Chamberlain Ave 2018 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

PROPERTY OVERVIEW THIS OPPORTUNITY 609, 615, 617 S. Orange Ave + 131, 133 Chamberlain is located in El Cajon. This sough out after area of San Diego boasts an array of restaurants and shop.

This 23,422ft 2 lot consists of five detached homes with private yards with a unit mix of: one (1) 3 bedroom 2 bathroom units, (4) 2 bedroom 1 bathroom units.

These homes are updated and possess a lot of character, when it comes to the interior: French doors, doublepanewindows, and crown molding. STATS: - 5 Units - 16.18 Gross Rents - 3.

5 PROPERTY OVERVIEW THIS OPPORTUNITY 609, 615, 617 S. Orange Ave + 131, 133 Chamberlain is located in El Cajon. This sough out after area of San Diego boasts an array of restaurants and shop. This asset is located just shy south of the 8 freeway and one block over from main street. This 23,422ft 2 lot consists of five detached homes with private yards with a unit mix of: one (1) 3 bedroom 2 bathroom units, (4) 2 bedroom 1 bathroom units. A recent rent survey suggests an increase of monthly income through the property. These homes are updated and possess a lot of character, when it comes to the interior: French doors, doublepanewindows, and crown molding. STATS: - 5 Units Gross Rents CAP HIGHLIGHTS FEATURES: - Washers & Dryers in unit - No Shared Walls - Private yards LOCATION: - Near major highways and one block over from main street - Near an array of restaurants and shops 2018 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

AREA OVERVIEW EL CAJON El Cajon, just 15 miles from downtown San Diego, is a medium sized diverse business community that

This area has grown over the years from a sleepy farming town into a dynamic metropolitan area while still retaining its unique

The community of El Cajon offers convenient access to several major retailers, a plethora of shops and restaurants, bus lines,

It is a community that has a great deal of revitalization community cooperation projects to continue for a bright future.

6 AREA OVERVIEW EL CAJON El Cajon, just 15 miles from downtown San Diego, is a medium sized diverse business community that includes a downtown which bills itself as East County s Cultural Zone and is graced with rolling hills and breathtaking views. This area has grown over the years from a sleepy farming town into a dynamic metropolitan area while still retaining its unique character and spectacular natural beauty. The community of El Cajon offers convenient access to several major retailers, a plethora of shops and restaurants, bus lines, hospitals, and schools. It is a community that has a great deal of revitalization community cooperation projects to continue for a bright future 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

PROPERTY OVERVIEW 3 Bed 2 Bath House 1,500 Sqft House Massive back &

hardwood flooring/ Spanish Tile flooring Crown molding Windows/door

This information has been secured from sources we believe to be

implied, as to the accuracy of the information.

7 PROPERTY OVERVIEW 3 Bed 2 Bath House 1,500 Sqft House Massive back & front Large French doors to the back yard Dual pane windows Original hardwood flooring/ Spanish Tile flooring Crown molding Windows/door trim 2018 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

PROPERTY OVERVIEW 2 Bed 1 Bath Houses (view from alley) There are 4 detached 2 Bed and 1 bath houses.

Plenty of off & on street parking 3 houses sub-metered for water Individual meters for gas & electric All houses have private

This information has been secured from sources we believe to be reliable, but we make no representations or warranties,

8 PROPERTY OVERVIEW 2 Bed 1 Bath Houses (view from alley) There are 4 detached 2 Bed and 1 bath houses. 3 of them are identical, one includes a detached garage. All include a private fenced of backyard. Plenty of off & on street parking 3 houses sub-metered for water Individual meters for gas & electric All houses have private fenced off backyards One house includes a detached garage Washer & Dryers Air Conditioning 2018 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

RENTAL SURVEY 2 Bedroom Rent Survey 3 # 4127 IDAHO STREET ADDRESS ZIP YR BUILD TOTAL UNITS UNIT TYPE UNIT

$1.89 1979 Average # of Units 188 2 S Lincoln 92020 1985 32 2BR/1.5BA $1,500 805 $1.

Sunshine Ave 92020 1978 25 2BR/1BA $1,500 900 $1.72 $1.

Mollison Ave 92020 1976 40 2BR/1BA $1,750 725 $2.41 852.

609 92020 1955 5 S. Orange St 3BR/2BA $2,500 1491 $1.68 2BR/1BA $1,500 792 $1.89 $1.

9 RENTAL SURVEY 2 Bedroom Rent Survey 3 # 4127 IDAHO STREET ADDRESS ZIP YR BUILD TOTAL UNITS UNIT TYPE UNIT RENT $ UNIT SqFt RENT/SqFT AVERAGES Average Year Built Graves Ave BR/1BA $1, $ Average # of Units S Lincoln BR/1.5BA $1, $ Dominguez Way BR/1.5BA $1, S. Sunshine Ave BR/1BA $1, $1.72 $1.67 Average Rent $ $1,608 Average Unit Size (ft 2 ) S. Mollison Ave BR/1BA $1, $ ft 2 SUBJECT PROPERTY ZIP YR TOTAL UNIT TYPE UNIT RENT $ UNIT SqFt Rent/SqFT Average Rent Size (ft 2 ) S S. Orange St 3BR/2BA $2, $1.68 2BR/1BA $1, $1.89 $ 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

RENTAL SURVEY MAP MAP LEGEND S. 609 S. Orange Ave 1. 594 Graves Ave 2. 188 S. Lincoln 3. 441 Dominguez Way 4. 961 S. Sunshine Ave 5. 806 S.

10 RENTAL SURVEY MAP MAP LEGEND S. 609 S. Orange Ave Graves Ave S. Lincoln Dominguez Way S. Sunshine Ave S. Mollison Average Year Built Average # of Units Average Rent $ Average Unit Size (ft 2 ) Average Rent Size (ft 2 ) $1, ft 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. 10

RENTAL SURVEY 3 Bedroom Rent Survey 3 # 4127 IDAHO STREET ADDRESS ZIP YR BUILD TOTAL UNITS UNIT TYPE UNIT

1125 $2.22 1974 Average # of Units 2 892 Grant Ave 92020 1951 1 3BR/2BA $2,450 1142 $2.

26 Average Rent $ $2537 4 255 Vermont Ct 92020 2017 103 3BR/2.5BA $2,750 1816 $1.

95 1293 ft 2 SUBJECT PROPERTY ZIP YR TOTAL UNIT TYPE UNIT RENT $ UNIT SqFt Rent/SqFT Average Rent Size

11 RENTAL SURVEY 3 Bedroom Rent Survey 3 # 4127 IDAHO STREET ADDRESS ZIP YR BUILD TOTAL UNITS UNIT TYPE UNIT RENT $ UNIT SqFt RENT/SqFT AVERAGES Average Year Built Graves Ave BR/2BA $2, $ Average # of Units Grant Ave BR/2BA $2, $ Taft Ave BR/2BA $2, $2.26 Average Rent $ $ Vermont Ct BR/2.5BA $2, $1.51 Average Unit Size (ft 2 ) Gardner St BR/2BA $2, $ ft 2 SUBJECT PROPERTY ZIP YR TOTAL UNIT TYPE UNIT RENT $ UNIT SqFt Rent/SqFT Average Rent Size (ft 2 ) S 609 S. Orange St BR/2BA $2,500 2BR/1BA $1, $1.68 $1.89 $ 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

RENTAL SURVEY MAP MAP LEGEND S. 609 S. Orange Ave 1. 1237 Graves Ave 2. 892 Grant Ave 3. 746 Taft Ave 4. 255 Vermont Ct 5.

12 RENTAL SURVEY MAP MAP LEGEND S. 609 S. Orange Ave Graves Ave Grant Ave Taft Ave Vermont Ct Gardner St Average Year Built Average # of Units Average Rent $ Average Unit Size (ft 2 ) Average Rent Size (ft 2 ) $2, ft 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. 12

Sales within.75 mile since Apr, 2018 2018 Apartment Consultants, Inc.

13 Sales within.75 mile since Apr, 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. 13

3 BED 2 BATH SALES COMPARABLES AVERAGES Sales Price COMPARABLE S 1 2 3 4 5 ADDRESS 609 S Orange

92020 92020 92020 92020 YR BUILT 1955 1959 1975 1960 1977 1959 UNITS 5 1 1 1 1 1 PRICE

$490,000 $535,000 $485,000 BLDG/SF 4,887 1,792 1,610 1,225 1,432 1,276 $/SF $337.63 $273.

09 UNIT MIX 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA

CAP RATE % (Actual) 3.94 N/A N/A N/A N/A N/A GRM (Actual) 16.

30 Cap Rate N/A GRM N/A 2018 Apartment Consultants, Inc.

14 3 BED 2 BATH SALES COMPARABLES AVERAGES Sales Price COMPARABLE S ADDRESS 609 S Orange Ave 851 Taft Ave 833 W Chase Ave 231 Meadow Crest Dr 1347 Wagner Dr 650 Herbert St YR BUILT UNITS PRICE $1,650,000 $490,000 $490,000 $490,000 $535,000 $485,000 PRICE/UNIT $330,000 $490,000 $490,000 $490,000 $535,000 $485,000 BLDG/SF 4,887 1,792 1,610 1,225 1,432 1,276 $/SF $ $ $ $ $ $ UNIT MIX 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 4 2 BR / 1 BA $498,000 Bldg Ft 2 1,467ft 2 SALE DATE N/A 3/28/18 5/21/18 5/9/18 4/30/18 4/20/18 CAP RATE % (Actual) 3.94 N/A N/A N/A N/A N/A GRM (Actual) N/A N/A N/A N/A N/A Price / Sq Ft $ Cap Rate N/A GRM N/A 2018 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. 14

3 BED 2 BATH ACTIVE COMPARABLES AVERAGES Sales Price COMPARABLE S 1 2 3 4 5 ADDRESS 609 S Orange

92020 92020 92020 92020 92020 YR BUILT 1955 1950 1954 1979 1957 1955 UNITS 5 1 1 1 1 1 PRICE

$529,000 $549,900 $500,000 BLDG/SF 4,887 1,030 1,631 1,330 1,406 1,552 $/SF $337.63 $499.90 $315.

16 UNIT MIX 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA

34 Cap Rate N/A GRM N/A 2018 Apartment Consultants, Inc.

15 3 BED 2 BATH ACTIVE COMPARABLES AVERAGES Sales Price COMPARABLE S ADDRESS 609 S Orange Ave 148 Garfield Ave 362 Carter St 1296 Helix View Dr 953 Wakefield Ct 236 Pallette St YR BUILT UNITS PRICE $1,650,000 $514,900 $515,000 $529,000 $549,900 $500,000 PRICE/UNIT $330,000 $514,900 $515,000 $529,000 $549,900 $500,000 BLDG/SF 4,887 1,030 1,631 1,330 1,406 1,552 $/SF $ $ $ $ $ $ UNIT MIX 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 1 3 BR / 2 BA 4 2 BR / 1 BA $521,760 Bldg Ft 2 1,390ft 2 LIST DATE N/A 5/23/18 4/14/18 4/7/18 5/6/18 5/10/18 CAP RATE % (Actual) 3.94 N/A N/A N/A N/A N/A GRM (Actual) N/A N/A N/A N/A N/A Price / Sq Ft $ Cap Rate N/A GRM N/A 2018 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. 15

2 BED 1 BATH SALES COMPARABLES AVERAGES Sales Price COMPARABLE S 1 2 3 4 5 ADDRESS

Orange Ave 326 E Camden Ave 525 Jefferson Ave 637 Jefferson Avenue 2282 Tampa Ave

1951 UNITS 5 1 1 1 1 1 PRICE $1,650,000 $390,000 $395,000 $415,000 $418,000

4,887 775 1,062 846 1,060 819 $/SF 337.6304481 $503.23 $371.94 $490.54 $394.

65 UNIT MIX 1 3 BR / 2 BA 2 2 BR / 1 BA 1 2 BR / 1 BA 1 2 BR / 1 BA 1 2 BR / 1 BA

3/14/18 4/13/18 3/9/18 3/19/18 CAP RATE % (Actual) 3.

16 2 BED 1 BATH SALES COMPARABLES AVERAGES Sales Price COMPARABLE S ADDRESS 609 S.Orange Ave 326 E Camden Ave 525 Jefferson Ave 637 Jefferson Avenue 2282 Tampa Ave 105 Southern YR BUILT UNITS PRICE $1,650,000 $390,000 $395,000 $415,000 $418,000 $374,000 PRICE/UNIT $330,000 $390,000 $395,000 $415,000 $418,000 $374,000 BLDG/SF 4, , , $/SF $ $ $ $ $ UNIT MIX 1 3 BR / 2 BA 2 2 BR / 1 BA 1 2 BR / 1 BA 1 2 BR / 1 BA 1 2 BR / 1 BA 1 2 BR / 1 BA 4 1 BR / 1 BA $398,400 Bldg Ft ft 2 SOLD DATE N/A 4/20/18 3/14/18 4/13/18 3/9/18 3/19/18 CAP RATE % (Actual) 3.94 N/A N/A N/A N/A N/A GRM (Actual) N/A N/A N/A N/A N/A Price / Sq Ft $ Cap Rate N/A GRM N/A 2018 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. 16

17 EXECUTIVE SUMMARY # Units Address City State Zip Yr Built (Aprx.) Lot Size S. Orange Ave El Cajon CA ,422 GRM CAP Rate % Price Current Market Current Market $ / Unit $ / Sq Ft Sq Ft $1,650, % 4.41% $330,000 $ ,887 Estimated Average Monthly Income Analysis Estimated Operating Expenses No. Floor Plan Avg Unit SF Rent Total Market Total Actual Proforma 1 3 Bedroom 2 Bathroom $2,500 $2,500 $2,600 $2,600 Wrt & Swr $4,000 Wrt & Swr $4, Bedroom 1 Bathroom $1,500 $1,500 $1,650 $1,650 Landscaping $0 Landscaping $0 1 2 Bedroom 1 Bathroom $1,500 $1,500 $1,650 $1,650 Trash $0 Trash $0 1 2 Bedroom 1 Bathroom $1,500 $1,500 $1,650 $1,650 Maintenance $2,500 Maintenance $2, Bedroom 1 Bathroom $1,500 $1,500 $1,650 $1,650 Insurance $2,978 Insurance $2,978 4 Actual $8,500 Market $9,200 Rentable Taxes $19,388 Taxes $19,388 Management $5,100 $5,520 Garage Income $0 $0 Total $33,966 Total $34,386 Laundry Income $0 $0 Other Income $0 $0 Total Per Est Sq Ft: $6.95 Total Per Est Sq Ft: $7.04 Total Monthly Other Income $0 $0 Total Per Unit: $6,793 Total Per Unit: $6,877 Total Per GSI: 33% Total Per GSI: 31% Total Rental & Other Income $8,500 $9,200 Annual Operating Proforma Actual Proforma Gross Rental Income $102,000 $110,400 Plus Other Income $0 $0 Gross Scheduled Income $102,000 $110,400 Less: Vacancy Factor 3% $3,060 $3,312 Gross Operating Income $98,940 $107,088 Financing Information Less: Operating Expenses $33,966 $34,386 Down Payment 45% Amount $742,500 Net Operating Income $64,975 $72,703 Interest Rate 4.50% # of Years Amortized Over 30 Less: First TD Payments ($55,178) ($55,178) Proposed Loan 0 Amount $907,500 Loan Points 0% Pre-Tax Cash Flow $9,796 $17,524 Other Loan Costs $0 Cash On Cash Return 1.32% 2.36% Debt Coverage Ratio Current 1.18 Market 1.32 Principal Reduction $14,640 $14,640 Total Potential Return 3.3% 4.3% Contact Information Acquisition Costs $0 $0 Financing Costs $0 $0 Name: Arby Eivazian CalBRE# Down Payment $742,500 $742,500 Phone: arbyaci@gmail.com Total 1st Year Cost $742,500 $742, Camino Del Rio South #300, San Diego, CA, 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 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. 17

Arby Eivazian BRE: #1094883 (619) 990-4435 ArbyACI@gmail.com http://aciapartments.com/team/arby-eivazian ACI 2635 Camino Del Rio South, Suite 300 San Diego, CA 92108 619.299.3000 Fax: 619.295.

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

three firms combined. you re new to apartment investing oran experienced investorlooking to upgrade your portfolio, ACI is the right choice to achieve your long-term investment 2018 Apartment goals.

18 Arby Eivazian BRE: # (619) ACI 2635 Camino Del Rio South, Suite 300 San Diego, CA Fax: 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 two and number three firms combined. you re new to apartment investing oran experienced investorlooking to upgrade your portfolio, ACI is the right choice to achieve your long-term investment 2018 Apartment goals. 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. 18

8 Units, All 2 Bed 1 Bath th St, San Diego, 92105

8 Units, All 2 Bed 1 Bath th St, San Diego, 92105 8 Units, All 2 Bed 1 Bath 3867 50 th St, San Diego, 92105 Arby Eivazian 619-990-4436 Arbyaci@gmail.com Building Your Wealth Through 2018 Apartment Consultants, Inc. This information has been secured from