Park Place. A d v i s o r s, I n c. P P A EXCLUSIVELY OFFERED FOR SALE. San Andreas Mobile Home Park 607 Mountain Ranch Road San Andreas, CA 95249

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1 A d v i s o r s, I n c. EXCLUSIVELY OFFERED FOR SALE 607 Mountain Ranch Road San Andreas, CA Space All Age Mobile Home Park with a Single Family Home 19 Park Owned Homes ~ $1,490,000 ~ 9.38% Cap Rate Christopher D. Busby 5176 Covenant Court Loomis, CA 95650

2 A d v i s o r s, I n c. CONFIDENTIALITY STATEMENT This Confidential Memorandum and Investment Offering ( Memorandum ) has been prepared by Park Place Advisors, Inc. (Owner s Exclusive Agent) to assist you in determining your level of interest in acquiring the ( the Property ). The Memorandum is solely for informational purposes and does not purport to be all-inclusive regarding the information needed to make a purchase decision. No representation or warranty is made by Owner, Owner s Exclusive Agent, or any of their officers, employees or agents, expressed or implied, as to the accuracy or completeness of the contents of this Memorandum. Although the information contained herein is believed to be correct, a prospective purchaser s due diligence should include independent verification of all such information as the Owner, Owner s Exclusive Agent, their employees or agents make no representation as to its accuracy or completeness. No legal commitment or obligation shall arise by reason of the Memorandum or its contents. Any representation, warranty or other statement made by Owner shall be given only to the ultimate purchaser and then only in a separate written document(s) which makes specific reference to the undertaking or representation being made or assumed. This Memorandum is subject to prior placement, errors, omissions, changes, withdrawal or cancellation without prior notice. Owner exclusively reserves the right, at its sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Owner s Exclusive Agent is not authorized to make any representations or agreements on behalf of Owner. This Memorandum and its contents, except such information which is a matter of public record, are of a confidential nature and are the property of the Owner s Exclusive Agent. By accepting a copy of the Memorandum, you agree to treat the information herein in strict confidence and you agree not to photocopy or duplicate it or disclose it or its contents to third parties, except for outside advisors retained by you to assist you in your evaluation, without the prior written consent of the Owner or Owner s Exclusive Agent.

3 A d v i s o r s I n c. Total Purchase Price: $ 1,490,000 Total Down Payment: $ 450, Mountain Ranch Road San Andreas, CA Space All Age Mobile Home and Single Family Home 19 Park Owned Homes New Financing : $ 1,040,000 Five yr fixed at 4.6% due in fifteen, twenty five year amortization, debt service is $5,840 per month-debt Service $70,080 Total NOI: $ 139,767 Cap Rate: 9.38% Total Cash Flow: $ 69,687 Price Per Space: $ 64,783 Total Cash on Cash: 15,49% Description: Utilities: Rent: Rent Control: is located in the beautiful Central California foothill gold country. With historic highway 49 just steps from the community residents enjoy the rich heritage of California history. The community consists of 22 all age mobile home spaces with 19 of those being park owned. The residents enjoy a true pride of ownership community, easy access to downtown amenities and an on-site laundry facility. FEMA has provided 2 homes in the park for housing to fire victims from last summer. Those are each rented for $1,000 per month with the park paying utilities. The owner has worked very hard to bring the park back to life and has done a great job bringing in newer homes and even building some park models on site. The park is on city water and sewer with electric service provided by PG & E which is sub metered. Residents are billed directly for propane. Phone and cable services are offered by local providers. Water, sewer and garbage are billed at $35 per space per month. Rent is $450. Mobile home rentals range from $100 to $550. The community consists of fifteen single wide, five double wide homes and two park models with a single family home. There is no Rent Control in the City of San Andreas or County of Calaveras. This information has been secured from sources we believe to be reliable, but we make no warranties or representation, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risks for inaccuracies.

4 A d v i s o r s, I n c. New Owner Income & Expenses Mobile Home Park Park Owned Home Inventory Income Income 1 Gross Space Rent 131,100 1 Home Rent 59,340 2 Single Family Home 10,500 Total 59,340 3 Electric 11,176 1 Water/Sewer/Garbage 9,240 Expenses 3 Laundry Property Taxes 1,900 3 Late Fees Maintenance 2,850 Total 162,627 Total 4,750 Expenses NOI 54,590 4 Property Taxes 17,689 3 Insurance 3,372 5 Maintenance & Repair 11,630 Footnotes 3 Garbage 1,580 1 Annualized January 2016 rent roll, 3 Electric 10,872 included in marketing package 6 Propane Annualized Single Family Home that rents 3 Water/Sewer 24,826 for $875 per month 3 Bank Charges Actual Billing Service Estimated at % of purchase price 7 Legal 385 plus $600 for special assessments for 8 Office Expenses 250 solid waste 3 License & Permits Total 2015 maintenance & repair was 9 FEMA Home Utilities 4,800 $14,480. Estimated at $2,850 was for Total 77,450 park owned homes and $11,630 for park expenses. NOI 85,177 6 Park expense for personal use 7 For an eviction 8 Estimated 9 Spaces 15 and 23 are owned by FEMA NOI of Park & Inventory Homes 139,767 and each space rents for $1,000 flat fee. Apply 9.38% cap rate 1,490,000 Owner estimates each home expenses to be $200 per month Total Value of Park and Homes 1,490, Owner estimates an average of $100 personal property tax on 19 park owned homes per year This information has been secured from sources we believe to be reliable, but we make no warranties or representation, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risks for inaccuracies

5 A d v i s o r s I n c. 607 Mountain Ranch Road San Andreas, CA January 2016 Rent Roll Space Ownership Rent House Rent Total W, S & G* 2 POH POH POH POH POH POH POH POH POH ** RES POH POH POH FEMA 1, POH *** POH POH POH POH POH POH FEMA 1, Total $ 10,925 $ 4,945 $15,870 $ 770 Single Family Home rents for $875 per month, $10,500 annualizes *Water, Sewer & Garbage **Resident Owned Home ***Owner is currently the resident of this home and indicated space rent will be $450 and home rental should be $550 as per market POH - Park Owned Home, RES Resident Owned, FEMA FEMA owned homes This information has been secured from sources we believe to be reliable, but we make no warranties or representation, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risks for inaccuracies.

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