Ventura Ave. Ventura, CA 93001

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1 0 66 Ventura Ave. Ventura, CA 900 For Sale 9-Unit Mixed-Use Asset More than / acre with excellent frontage and two parking lots. Offered at $,00,000.

2 property brief Offered at $,00,000 CAP: 6.7% NOI: $97,98 Excellent opportunity to purchase a well located value add mixed use property in Ventura. This building sits on over a half acre with excellent street store frontage and two large parking lots. The building s first floor is composed of 6 commercial spaces, each with their own bathroom. The second floor residential portion of the building consists two separately accessed sections. One second floor residential section consists of 9 rooms with communal bathrooms and common showers. The additional section consists of () studio apartments and () one-bedroom, one-bath units each complete with their own bathrooms. Both residential sections have private front and rear access. There is garage storage and a high bay roll up garage. The building is ideally located near shops, parks and freeway access. Contact Listing Agents for details. Units 9 Total Unit Mix (9) Rooms; () Studios; () BD/BA; (6) Retail Spaces Price/Unit $8,05 Lot Size ±9,69 SF Price/SF Land $08/SF APN Zoning Multi Unit 5+ Year Built 99 Parking On-Site Parking

3 N. VENTURA AVE. location E. VINCE ST.

4 Hwy. N. Olive St. N. Ventura Ave N. Ventura Ave. Area Amenities Domino s Pizza Taqueria Cuernavaca Sheridan Way Elementary School Bell Arts Factory 5 Avenue Library 6 Taqueria Tepatitlan 7 Birch Fabrics West Park & West Park Playground Ventura Botanical Gardens Art City Gallery & Studios Rite Aid Mission Plaza Shopping Center Patagonia Anacapa Brewing Company Rite Aid 9 0 San Buenaventura Mission E. Main St Century 0 Cinemas The Majestic Ventura Theater Starbucks Lure Fish House Capriccio 9 Figueroa Street Mall Shopping Center Plaza Park 0 Rocket Fizz Ventura West Ventura Urgent Care

5 property photos

6 Executive Summary # Units: 9 Price: $,00,000 Price/Unit: $8,05 NOI: $97,98 GRM: 8.9 CAP Rate: 6.7% Lot Size: 9,69 SF Price/Lot SF: $08/SF Building Size: ±,568 SF Zoning Multi Unit 5 + APN Year Built 99 income analysis Unit Mix & Rent Schedules Current Rent Level Rent # Units Mix Est. SF Rent/Unit Monthly Income Rent/Unit Monthly Income 9 0/0 Room $550 $650 $,850 $650 $,50 0/ 50 $700 $,50 $,50 $,50 $,800 / $900 $,800 $,00 $,00 Garage/Storage $00 $500 $00 $500 6 Retail $900 $,50 $5,900 $,000 $6,000 Monthly Rental Income: $,500 $5,050 Monthly Laundry Income: $0 $0 Potential Gross Monthly Income: $,500 $5,050 Potential Gross Annual Income: $0,000 $0,600 Less: Vacancy & Collection Loss: % $6,080 % Rent Upside $6,8 Effective Gross Economic Income: $85,90.6% $0,776 Calculations Current Level EOI: $85,90 $0,776 Annual Exp.: $88,5 $89,6 NOI: $97,98 $,50 GRM: CAP Rate: 6.7% 6.70% Annual Expenses Current Current % GOI Market % GOI Market Real Estate Taxes:.07% $,0 8.9% 8.6% $,0 Advertising: Est. $50 0.% 0.% $50 Insurance: Act. $0,0.6%.5% $0,0 Utilities: Act. $5,06.0%.% $5,06 Electric Act. $,675 $,675 Water Act. $,58 $,58 Trash Act. $,8 $,8 Gas Act. $,676 $,676 Maint/Repairs: Est. $700/Unit $7,00 7.% 6.8% $7,00 Cleaning Staff & Cleaning Supplies: Act. $6,00.%.0% $6,00 Off-site Management: Est. % $5,7 %.0% $6,5 On-site Management/Workers Act. $,.%.0% $, Pest Control: Act. $,5 0.6% 0.6% $,5 Legal & Accounting: Act. $,50 0.% 0.% $,50 Reserves: Est. $00/Unit $5,600.0%.9% $5,600 Annual Expenses Per Unit $,8 $,85 Annual Expenses $88,5 8.8% 6.9% $89,6

7 comparable properties residential rentals 0 N. Ventura Ave. 5 5 Property Address Date Unit Mix Rent 0-66 N. Ventura Ave., Ventura Subject Property Rooms; 0 Studios; () BD/BA $550 $,050; $700 $,50; $ W. Mission Ave., Ventura 8/8/08 Studio $995 8 E. Ramona St. Ventura 8/7/08 BD/BA $,00 El Medio St., Ventura 7/6/08 BD/BA $,50 55 N. Ventura Ave., Ventura 7/5/08 BD/BA $,5 95 Poinsettia Pl., Ventura 7//08 BD/BA $,50

8 comparable properties retail/office leases 0 N. Ventura Ave. Property Address Date of Lease Commencement Comparable SF Rent Lease Expiration 0 N. Ventura Ave., Ventura Subject Property $900 $,50 5 E. Main St., Ventura //07,87 SF $.7/Mo. (NNN) //0 88 N. Oak St., A, Ventura Active,8 SF $.9/Mo. (NNN) Minimum 5-Year Lease 69 E. Main St., A, Ventura Active 550 SF $.55/Mo. (NNN) 5 Year Lease Preferred 8 N. Brent St., Ste. 0, Ventura Active,000 SF $.55/Mo. (NNN) -Year Lease

9 comparable properties Apartment sales/mixed-use ventura 0 N. Ventura Ave. BEACH/SEAWARD AVE Property Address Sold Date Sales Price No. of Units Unit Mix CAP $ Per Unit 0 N. Ventura Ave., Ventura Subject Property $,00,000 9 () BD/BA; (9) Rooms; () Studios; (6) Retail 6.5% $8,05 5 S. Hemlock St., Ventura 8/7/07 $,00,000 0 (8) BD/BA; () BD/BA.9% $0, S. Seaward Ave., Ventura 8/6/08 $,575,000 0 () Studios; (6) Commercial $57, Woodland St., Ventura 5/8/08 $,70,000 (9) BD/.75BA; () BD/.75BA.% $7, Poli St., Ventura Pending $,00,000 () BD/BA; () BD/BA.0% $66,667

10 comparable properties Apartment sales/mixed-use ventura Cont. 0 N. Ventura Ave. BEACH/SEAWARD AVE Property Address Sold Date Sales Price No. of Units Unit Mix CAP $ Per Unit N. Ventura Ave., Ventura Subject Property $,00,000 9 () BD/BA; (9) Rooms; () Studios; (6) Retail 6.5% $8,05 6 Main St., Ventura Active $,00,000 (0) Rooms; () Retail Hotel 85 E. Main St., Ventura Active $99,000 Air BnB - Current Commercial 7 Main St., Ventura Active $,950,000,90 SF Commercial 5% Commercial

11 Located midway between Santa Barbara and Malibu along the Pacific Ocean, the city of Ventura is acclaimed for its coastal character and livability. Residents and visitors enjoy miles of beaches, diverse parks, Lake Casitas, a revitalized downtown, Mission San Buenaventura, the Ventura Pier, and a wonderful harbor featuring the Channel Islands National Parks Museum. It boasts a backdrop of foothills and scenic vistas of the Pacific Ocean, Point Mugu, and the Channel Islands. With its warm Mediterranean climate, Ventura offers surfing, sailing and endless water recreation, golfing, hiking, and a rich history with proximity to both Los Angeles and Santa Barbara. market overview Ventura, California More than 7,000 prime government contractors, engineers, acquisition professionals, military operators and scientists reside in Greater Ventura. Some of the most innovative corporations in the world are headquartered within the county, including, Amgen, Haas Automation, Teledyne Technology and Semtech. The area is dedicated to job growth particularly in the fields of defense, energy and aerospace technology. 5 Best Beach Towns in the West!

12 Ventura county Ventura County includes the Oxnard-Thousand Oaks-Ventura MSA and covers roughly,00 square miles bordered by the Pacific Ocean to the west ( miles of beautiful coastline!), Santa Barbara County and the Los Padres National Forest to the north, and Los Angeles County to the east and south. At just under 850,000 residents, the county is the th largest in the state and serves as a leading agricultural producer perhaps best known for its strawberries and lemons. Still, the county also maintains a diverse economy which includes tourism and hospitality, technology, higher education, retail and distribution and manufacturing. Most Desirable Place to Live in America 05, United States Department of Agriculture # The 0 Best Places to Live Now Men s Journal 05 Best Travel Destinations in California Leisurelink.com 05 0 Best Places to See Aquatic Life Channel Islands National Park USA Today 06