10 Beautiful Garden Apartments Casa De Sol Apartments 2344 East 17 th Street Oakland, CA Below Market Price: $2,380,000

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1 Introducing 10 Beautiful Garden Apartments Casa De Sol Apartments 2344 East 17 th Street Oakland, CA Below Market Price: $2,380,000 Located in the Nation s Fastest Growing Rental Market Market Cash on Cash 6.3% Market Cap Rate 6%; Existing Cap Rate 3.5% 30%+ or $56,172 Upside in Annual Rents Market GRM- 12.6; Existing GRM Clear Section 1 and Section 2 Pest Clearances Hot and Thriving Fruitvale Neighborhood Great Add Value Investment No Deferred Maintenance Strong Rent Upside! Trouble Free Income, Management and Tenants Great Investment Short or Long Term High Growth City Influencing Great Appreciation Potential For more information about this fabulous opportunity: Please call Fred Lewis at (209) Visit info@hotdealsoakland.com

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4 Casa De Sol Apartments 2344 East 17 th Street Oakland, CA Price: $2,380,000 Down Payment: $675,000 Capitalization Rate: 3.5% Market Cap Rate: 6% Gross Rent Multiplier: Market GRM: Cost per Unit: $238,000 Market Cash on Cash: 6.3% Complex Description: Assessor s parcel Numbers Beautiful Ten (10) Unit Apartment Building : (1) studio apartment (5) one bedroom apartments (4) two bedroom apartments. The property has undergone a light renovation. This property is a 10 Minute bus ride from Bart and close to major bus lines. The building is just 3 miles from beautiful downtown Oakland. Casa De Sol Apartments is well Maintained with low expenses and excellent income. This property has a state of the art controlled access system with laundry Facilities and digital security cameras. Casa De Sol Apartments is located close to shopping centers, produce stores and restaurants nearby. The sewer lateral has been completed. The beautiful ten unit building totaling 5,970 square feet is located in the Fruitvale District. The landscape of Oakland s Foothill neighborhood is almost entirely residential, with practically no commercial activity mixed in. The homes in the community represent a broad range of budgets and architectural styles, from modern efficiency designs to beautiful Victorian and Queen Anne-styled houses, often on the same street. Complex Potential: There is $56,172 or 30% immediate annual upside in the rents. The apartment community has many shorter term tenancies, that upon turnover, may be rented at full market rents with cosmetic improvements to maximize rental return. In addition, as the longer term tenancies turn over, the increased return will also be substantial. Units are separately metered for gas & electric and the property has 10 parking spaces are covered. Complex Location: Casa De Sol is located in the Harrington Neighborhood of the Fruitvale District in Oakland. Fruitvale is a neighborhood in east Oakland, located about two miles southeast of Lake Merritt and is home to Oakland's largest Latino population, with Latinos comprising 49.5% of Fruitvale's population. The property is located 6 miles from downtown Oakland and 14 miles from San Francisco. The property is located just West of I-880 and near transportation, Oakland International Airport and the Fruitvale BART Station. In 2004, the Unity Council opened the Fruitvale Transit Village. The "Fruitvale Village" has become a model of transit oriented development, showcasing a mixture of retail and housing integrated with public transportation. Multiple public schools in the immediate area provide parents with convenient options for sending their kids to a school that s close to home. A narrow sliver of the neighborhood follows Fruitvale Avenue up toward the Diamond District, with many houses near MacArthur Freeway enjoying easy access to the unique shopping and dining in this area. The building is well maintained with low expenses and an excellent annual gross income. The above income and expenses are only estimates. Although the information contained herein is deemed reliable, no representations of any kind, expressed or implied, are being made as to the accuracy of such information. All of the data in this prospectus are estimates and approximations to include square footage. Any prospective purchaser and their tax and legal advisor should carefully verify all information contained herein and conduct an independent investigation. Seller bears no liability of any errors, inaccuracies or omissions.

5 2344 East 17 th Street Oakland, CA Complex Description (continued): Nearby schools include Agnes Memorial Christian Academy, Youth Employment Partnership Charter School and Garfield Elementary School. The closest grocery stores are Sath Bunthan, A & A Corner Market and El Ranchito Market. Nearby coffee shops include McDonald's, Sticky Rice Cafe and Swanky Kitchen Rental. Nearby restaurants include Wei Wang House, Jack in the Box and Cenaduria Y Tortas Jugos El Tio Juan E 17th St is near Garfield Park, Josie de la Cruz Park and San Antonio Park. There are good bike lanes and the terrain is flat as a pancake Pest clearance: There is a clear Section 1 and Section 2 Pest Clearance on the subject property. The building is clean as a whistle. Hottest Apartment Market in the Country: The Bay Area continues to lead the nation s apartment market in rent growth. According to MPF Research, during the first quarter of 2015, Oakland saw year-over-year rent growth of 14.1%, followed by San Jose at 13.1%, and San Francisco ranked 5 th at 10.6%. Compelling Multifamily Fundamentals: There are high barriers to entry and few large sites for development in the Downtown Oakland region. Vacancy rates in the area remain at historic lows below 3%, and rental rates throughout this sub-market continue to increase. While shipping is still a major part of the local economy, Oakland is home to the corporate headquarters for everything from established consumer brands to younger tech businesses. The cultural diversity of the city is vast, meaning that it s easy to find art, food, and people from every corner of the world by just walking down the street. Services: Medical facilities are located approximately 10 minutes from Casa Del Sol at the Highland Hospital and Kaiser Hospital which is less than five minutes drive away. Ambulance, police and fire services are all less than 3 minutes call time away. Shopping is available along MacArthur Boulevard, where there is a variety of convenience stores, drug stores and supermarkets. This is one of central Oakland s most active shopping corridors. Eastmont Mall is also only 10 minutes from the Center. Transportation is readily available from AC transit bus lines, which stop along 35 th Avenue and MacArthur Boulevard. BART is located only five minutes from the project. Commission: Owner is a principal and not a broker. A selling commission of 3% will be paid for the procurement and actual consummation of the transaction. A higher commission can be negotiated if multiple brokers are involved. Two 30 day extensions need to be included in the agreement as seller is completing a 1031 exchange. The above income and expenses are only estimates. Although the information contained herein is deemed reliable, no representations of any kind, expressed or implied, are being made as to the accuracy of such information. All of the data in this prospectus are estimates and approximations to include square footage. Any prospective purchaser and their tax and legal advisor should carefully verify all information contained herein and conduct an independent investigation. Seller bears no liability of any errors, inaccuracies or omissions.

6 About Oakland, California Oakland is the seventh largest city in the state of California with a population of 400,000 people and covers 54 square miles. Oakland has had a rent increase of 11.6% with a vacancy rate of 1.7%. The current median monthly rent for Oakland is $2, Oakland s rent increase has been partially fueled by renters priced out of the San Francisco rental market. Oakland is a major West Coast port, and there are nearly 200,000 jobs related to marine cargo transport. These jobs range from minimum wage hourly positions to Transportation Storage and Distribution Managers who earn an annual average salary of $91,520. Forbes Magazine listed Oakland as one of the Top 10 Places for business and employment. The city is home to several major corporations including Matson, Kaiser Permanente and Clorox, as well as corporate headquarters for national retailers like Dreyer s and Cost Plus World Market. Tech companies such as Ask.com and Pandora Radio are located in Oakland, and in recent years many start-up high tech and green energy companies have found a home in the downtown neighborhoods of Uptown, City Center, Jack London Square and Lake Merritt Financial District. The Port of Oakland is one of the five largest container ports in North America and one of the top 20 worldwide. Oakland is the only city in California with three professional sports teams: the Oakland Raiders, the Oakland Athletics, and the Golden State Warriors. Recently ranked by Movoto.com, Oakland is one of the most exciting cities in America on its roster of the The 10 Most Exciting Cities in America. According to the New York Times. Oakland ranked as the 5 th most desirable destination to visit this year in The 45 Places to Go. In the past decade, Oakland has ranked among the top cities for business in Forbes and other publications. As part of the ninth largest regional economy in the United States with a Gross Regional Product exceeding $200 billion, Oakland boasts a strong and diverse business environment. This diversity allows Oakland to remain stable even during economic downturns. The Gross Metropolitan Product (GMP) for Oakland ranks in the top 20 metropolitan economies in the United States and among the top 60 in the world. Oakland s GMP ranks higher than the GMP for San Jose, St. Louis, Sacramento, Pittsburgh and Cleveland and also exceeds the Gross National Product of Hungary, Columbia, Singapore and the Philippines. Oakland s GMP also eclipses the Gross State Product of Nevada, Oklahoma and Kansas. In recent years, Oakland has gained national recognition as a travel destination. In 2012, Oakland was named the top North American city to visit, highlighting its growing number of sophisticated restaurants and bars, top music venues, and increasing nightlife appeal. Oakland also took the No. 16 spot in America s Coolest Cities, ranked by metrics like entertainment options and recreational opportunities per capita, etc. In 2013, Oakland topped the No. 1 spot in America s Most Exciting Cities, notably having the most movie theaters, theater companies, and museums per square mile. In America s Most Hipster Cities, Oakland took the No. 5 spot, cited for luring San Francisco hippies into the city. Since owner has not owned property stabilized for more than 1 year, the above income and expenses are only estimates. Although the information contained herein is deemed reliable, no representations of any kind, expressed or implied, are being made as to the accuracy of such information. All of the data in this prospectus are estimates and approximations to include square footage. Any prospective purchaser and their tax and legal advisor should carefully verify all information contained herein and conduct an independent investigation. Seller bears no liability of any errors, inaccuracies or omissions.

7 Annual Property Operating Data PURPOSE: Property Analysis PRICE: $ 2,380,000 NAME: Casa De Sol Apartments DOWN PAYMENT: $ 895,000 LOCATION: 2344 East 17 th Street Oakland, CA TYPE OF PROPERTY: (10) Unit Apartment Building ASSESSED APPRAISED VALUES LAND: $ 530,000 IMPROVEMENTS: $ 1,800,000 PERSONAL PROPERTY: $ 50,000 TOTAL $ 2,380,000 PROPOSED: 1ST 70% LTV 4% 30 years $7,087 Monthly Payment EXISTING MARKET GROSS RENTAL INCOME $ 135,888 $ 194,460 Laundry $ 1,200 $ 1,200 TOTAL GROSS OPERATING INCOME $ 137,088 $ 195,660 LESS OPERATING EXPENSES Vacancy 3% $ 4, $ 5,833 Property Insurance $ 4,053 $ 4,053 Real Estate Taxes 1.4% $ 27,930 $ 27,930 Repairs & Maintenance $ 3,600 $ 3,600 Business Tax $ 1,049 $ 1,049 Rap Fee $ 680 $ 680 SERVICES Rubbish $ 7,411 $ 7,411 UTILITIES Electric & Gas $ 3,177 $ 3,177 Water & Sewer $ 6,027 $ 6,027 TOTAL OPERATING EXPENSES (40% Expenses) NET OPERATING INCOME LESS: TOTAL ANNUAL DEBT SERVICE CASH FLOW $ 53,927 $ 53,927 $ 83,161 $ 141,733 $ 85,068 $ 85,068 $ (1,901) $ 56,665 The information contained herein is deemed reliable, no representations of any kind, expressed or implied, are being made as to the accuracy of such information. All of the data in this prospectus are estimates and approximations to include square footage. Any prospective purchaser and their tax and legal advisor should carefully verify all information contained herein and conduct an independent investigation. Seller bears no liability of any errors, inaccuracies or omissions.

8 10 Unit Apartment Building 2344 East 17 th Street Summary Rent Roll Casa De Sol Property Address: 2344 East 17th Street Oakland, CA Unit Unit Current Market # Mix Rent Rent 1 1/1 $1,032 $1,495 2 S/1 $703 $1, /1 $973 $1, /1 $757 $1, /1 $1,247 $1, /1 $1,795 $1, /1 $1,240 $1, /1 $1,495 $1, /1 $955 $1, /1 $1,027 $1,795 Laundry $100 $ Units $11,324 $16,005 $135,888 $192,060 The above income and expenses are only estimates. Although the information contained herein is deemed reliable, no representations of any kind, expressed or implied, are being made as to the accuracy of such information. All of the data in this prospectus are estimates and approximations to include square footage. Any prospective purchaser and their tax and legal advisor should carefully verify all information contained herein and conduct an independent investigation. Seller bears no liability of any errors, inaccuracies or omissions.

9 Sales Comparables Subject Property Address # of Units Unit Mix Sales Price Cost Per Unit GRM CAP Close of Escrow 2344 East 17th Street Oakland, CA East 18th Street Oakland, CA /1 5-1/1 4-2/1 $2,380,000 $238, % Active 1-2/1 1-1/ /1 $1,600,000 $400, % Active th Street Oakland, CA /1.5 1 studio $2,496,000 $312, % Active East 17th Street Oakland,CA $899,000 $299,667 Active 2117 East 15th Street Oakland, CA /1 $1,950,000 $267, % 1/10/ Foothill Blvd. Oakland, CA /1 $1,288,888 $257, % Active 5320 Foothill Blvd. Oakland, CA / /1 1-3/1 $1,725,000 $245, % Active 1609 East 15th Street Oakland,CA /2 2-2/1 $695,000 $231, % Active East 18th Street Oakland, CA /1 6-2/1 $4,629,000 $220, % Active 3405 Diamond Avenue Oakland, CA /1 2-2/1 $1,995,000 $199, % Active Foothill Blvd. Oakland, CA /1 2-2/1 2-commercial $995,000 $199, % Active 6614 Bancroft Avenue Oakland, CA /1 11/1 $575,000 $191, % Active 2600 International Blvd Oakland, CA studios $3,670,000 $191, % SOLD Although the information contained herein is deemed reliable, no representations of any kind, expressed or implied, are being made as to the accuracy of such information. All of the data in this prospectus are estimates and approximations to include square footage. Any prospective purchaser and their tax and legal advisor should carefully verify all information contained herein and conduct an independent investigation. Seller bears no liability of any errors, inaccuracies or omissions.

10 Rent Comparables Surveyed Property Studio 1 Bedrooms 2 Bedrooms 2344 East 17th Street Oakland, CA $703 $ $ rd Avenue. Oakland CA $ 1, th Avenue. Oakland CA $ 1, th Avenue. Oakland CA $ 1, th Avenue. Oakland CA $ 1, Prentiss Street. Oakland CA $ 2, rd Avenue. Oakland CA $ 1, E. 16th Street #310A. Oakland CA $ 1, High Street #301. Oakland CA $ 1, th Avenue #105. Oakland CA $ 1, High Street. Oakland CA $ 1, E. 18th Street. Oakland CA $ 1, th Avenue #14. Oakland CA $ 1, E. 16th Street #2. Oakland CA $ 1, E. 17th Street. Oakland CA $ 2, E. 16th Street. Oakland CA $ 1, th Avenue #A. Oakland CA $ 2, th Avenue #2. Oakland CA $ 1, San Carlos Avenue. Oakland CA $ 2, Congress Avenue. Oakland CA $ 2, San Leandro Street #3. Oakland CA $ 2, Foothill Boulevard #3. Oakland CA $ 1, Since owner has not owned property stabilized for more than 1 year, the above income and expenses are only estimates. Although the information contained herein is deemed reliable, no representations of any kind, expressed or implied, are being made as to the accuracy of such information. All of the data in this prospectus are estimates and approximations to include square footage. Any prospective purchaser and their tax and legal advisor should carefully verify all information contained herein and conduct an independent investigation. Seller bears no liability of any errors, inaccuracies or omissions.

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