$1,575,000 TELEGRAPH CORNER 3207 TELEGRAPH, OAKLAND 6 UNITS. H Corner Commercial Unit H Huge Penthouse Flat H 8% Total Return Day One

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1 TELEGRAPH CORNER 3207 TELEGRAPH, OAKLAND OFFERED AT $1,575,000 6 UNITS H Corner Commercial Unit H Huge Penthouse Flat H 8% Total Return Day One Nick Myerhoff BRE# bayapartmentbroker@gmail.com Blog: YouTube: BayApartmentBroker Facebook: BayApartmentBroker Nick Myerhoff, Owner Broker, CNE Myerhoff & Associates, Inc. 909 Marina Village Parkway #182 Alameda, CA 94501

2 PROPERTY FEATURES AND DESCRIPTION FOR SALE $1.575M PROPERTY DESCRIPTION Telegraph Corner is a fantastic sixunit, mixeduse property situated in the Pill Hill neighborhood of Oakland, California. This gorgeous Victorian gem consists of two studios, two 1bedroom units, a massive fullfloor 2bedroom penthouse, and a groundfloor commercial unit. All of the residential units but the penthouse have been remodeled with granite countertops and new appliances, designer tile, new fixtures, and refinished hardwood or pergo floors. Much of the interior has original period detailing, coved ceilings, and lightfilled rooms. The stately Victorian structure sprawls across an oversized corner lot and is graced with original redwood siding shingles and a circular turret. There is gated parking for 5 cars as well as a private yard. H 5% Cap Rate H Excellent Value at $284/sqft 3207 TELEGRAPH H Outstanding Pill Hill Location H New Kitchens and Baths H Gated Parking for 5 Cars H Walk to Bart WALKER S PARADISE EXCELLENT TRANSIT BIKER S PARADISE Daily errands do not require a car. Transit is convenient for most trips. Flat as pancake, excellent bike lanes. FEATURES & CONDITION The subject property has been substantially renovated inside and out. Much of the original siding has been restored, new dual pane windows installed, new asphalt in the parking area and security gating all around. The commercial tenant has a new Metro PCS store which has revitalized and anchored the corner storefront. I have to admire the way you work Nick. You are very concise and thorough Andonis Torres, San Francisco I felt that Nick had our best interest in mind throughout the transaction. Roger B. Oakland You seem to have more energy and just work harder than the other brokers Lillie Jue, El Cerrito TELEGRAPH CORNER, OAKLAND MYERHOFF & ASSOCIATES 2

3 PROPERTY LOCATION AND SITE SURVEY PROPERTY LOCATION Located in the Pill Hill neighborhood of Oakland, California just 5 blocks from the new MaCarthur BART transit village. Walking distance to Uptown, Fox, and Paramount theaters and numerous restaurants and bars. The location is firstrate and extremely desirable for tenants and high income professionals working in San Francisco. This property is perfect for a first time buyer, owner operator, or an investor looking for cash flow. EMERYVILLE 3207 TELEGRAPH KAISER < TO SF 580 FREEWAY SCHOOL SOUL FOOD 3207 TELEGRAPH GROCERY UNIVER SITY HOSPITAL FARM MARKET 980 FREEWAY JACK LONDON SQUARE DOWNTOWN OAKLAND LAKE MERRITT 880 FREEWAY ALAMEDA 3207 TELEGRAPH AVE, OAKLAND, CA Type: Mixed Use APN: Block: 2043, Lot 1 Residential Units: 5 Commercial Units: 1 Zoning: CC2 Community Commercial Density: 550 Sq.Ft. Year built: 1941 Construction: Wood frame Foundation: Meters: Roof: Square Feet: 5,536 Lot Size: 5,000 No of Stories: 3 Concrete 5 electric, 2 gas, 1 water Composite shingle 2014 PARTIAL CAPITAL IMPROVEMENT LIST New kitchens and bathrooms and complete renovation of interior of 4 of the 6 units. Most units have new doublepane windows and laminate or refinished hardwood floors. New plumbing, electric, and new tankless water heaters. New asphalt side yard and electric gated parking. New paint inside and new roof in Master key system and private landscaped yard. TELEGRAPH CORNER, OAKLAND MYERHOFF & ASSOCIATES 3

4 COMPS th St SOLD Oakland, CA /16/2017 (96 days on mkt) Bldg Type: $3,500,000 Confirmed Year Built/Age: $ RetailStorefront Retail/Residential 14,000 SF Pro Forma Cap Parcel No: Comp ID: Sale Conditions: High Vacancy Property Broadway SOLD Oakland, CA /30/2016 (163 days on mkt) Bldg Type: $4,570,000 Confirmed Year Built/Age: $ Class C Office Built 1940 Age: 76 12,600 SF Pro Forma Cap 6.00% Parcel No: Comp ID: Sale Conditions: 1031 Exchange College Ave SOLD Oakland, CA /26/2017 Bldg Type: $1,225,000 Year Built/Age: $ RetailStorefront Retail/Residential 3,970 SF Pro Forma Cap Parcel No: Comp ID: Sale Conditions: Partial Interest Transfer (50.00%) Research Status: Research Complete Franklin St SOLD Oakland, CA /23/2016 (267 days on mkt) Bldg Type: $2,950,000 Confirmed Year Built/Age: $ Class C Office Built 1925 Age: 91 18,670 SF Pro Forma Cap Parcel No: % Comp ID: Sale Conditions: Deferred Maintenance Martin Luther King Jr Way SOLD Oakland, CA /02/2016 Bldg Type: RetailStorefront Retail/Residential $980,000 Year Built/Age: Built 1920 Age: 96 $ ,480 SF Pro Forma Cap Parcel No: Comp ID: Sale Conditions: Research Status: Sycamore St SOLD Oakland, CA /20/2016 (147 days on mkt) Bldg Type: RetailStorefront Retail/Residential $3,960,000 Confirmed Year Built/Age: Built 1920 Age: 96 $ ,500 SF Pro Forma Cap Comp ID: Parcel No: Sale Conditions: TELEGRAPH CORNER, OAKLAND MYERHOFF & ASSOCIATES 4

5 PROPERTY PRICING AND FINANCIAL ANALYSIS ANNUALIZED PROFORMA FINANCIALS Current Market Rental Income $117,036 $148,200 Parking $1,800 $7,500 Scheduled Gross Income $118,836 $155,700 $3,565 $4,671 Effective Gross Income $115,271 $151,029 Less Operating Expenses Property Taxes ($21,105) ($21,105) Special assessments ($4,824) ($4,824) License ($1,521) ($1,927) Insurance ($3,231) ($3,231) EBMUD ($1,650) ($1,650) Garbage ($1,716) ($1,716) Gas & Electric ($456) ($456) Total Operating Expenses ($34,503) ($34,909) Net Operating Income $80,768 $116,120 Exp. % of EGI 30% 23% Exp. per unit $5,751 $5,818 Purchase Price $1,575,000 $1,575,000 Down 35% ($551,250) ($551,250) New 1st 3.65% $1,023,750 $1,023,750 NOI $80,768 $116,120 Annual Debt Service ($56,148) ($56,148) Cash Flow $24,620 $59,972 RENT ROLL Unit Unit Type SqFt Current Market 3207 Tel. 2BR 1,311 $1,260 $2, Tel. Lg Studio 600 $1,375 $1, nd St 1 bd 1 ba 650 $1,789 $1, nd St Small 1bd 475 $1,495 $1, nd St Studio sm 341 $1,395 $1, Tel. Commercial 2,185 $2,439 $2,900 TOTAL 5,562 $9,753 $12,350 Parking 3205 $75 $125 Parking 502 $75 $125 Parking 504 $125 Parking 506 $125 Parking 3207 $125 TOTAL PARKING $150 $625 Expense and Loan Notes: Property taxes est. new at 1.34% Special assessments 3 year average License est. on current gross rents Insurance actual 2017 EBMUD actual 2017 annualized WM actual 2017 annualized PG&E 2017 annualized *Expenses are unusually low due to commercial tenant *Loan assumes 3.65% 5 year fixed, 30 year amortization *Loan quote provided by Will Craun Opus Bank PROFORMA VALUE INDICATORS Current Market Cap Rate 5.13% 7.37% GRM Price/Unit $262,500 $262,500 Price/Sq. Ft. $280 $280 Cash on Cash 4.47% 10.88% Principal Pay down yr 1 $19,300 $19,300 Combined Return $43,920 $79,272 Total Return 7.97% 14.38% THE OPPORTUNITY The subject property offers a new owner the opportunity to buy into one of the hottest real estate markets worldwide in a rapidly globalizing city. For the past three years, Oakland has consistently ranked in the top 5 for appreciation and rent growth within the U.S. Oakland is home to the Warriors, the Raiders, and the A s, and is a port city with an international airport and an extremely diverse job force. There is a housing crisis that will continue to ensure high rent demand in this submarket, particularly due to the proximity to BART. TELEGRAPH CORNER, OAKLAND MYERHOFF & ASSOCIATES 5

6 PROPERTY PHOTO GALLERY Nick Myerhoff BRE# Nick Myerhoff has been helping investors manage and grow their commercial real estate portfolios for over fifteen years. He has completed numerous complex transactions including condoconversions in San Francisco, REO and distressed sales in Oakland, 1031 exchanges and broken condo transfers. Nick also owns and manages his own portfolio of investment properties of nearly 100 units, primarily in Oakland. A vast network of lenders, managers, and contractors along with a stellar team of virtual assistants and private consultants make Nick an excellent resource for Real Estate investors in the Bay Area. Please give him a call at about this and other properties, off market, that are available now. Phone: bayapartmentbroker@gmail.com Blog: BayApartmentBroker DISCLAIMER The information contained herein is proprietary, strictly confidential and to be used for marketing purposes only. Buyers are advised to conduct their own investigations and not rely solely upon any information contained herein. Myerhoff & Associates, Inc. and the Sellers make no express or implied representation or warranty as to the accuracy or completeness of any of the information contained herein. This Confidential Offering Memorandum may not be photocopied, reproduced, or distributed to others at any time without the prior written consent of Myerhoff & Associates, Inc. TELEGRAPH CORNER, OAKLAND MYERHOFF & ASSOCIATES 6