THE OASIS 30 RESIDENTIAL UNITS 60 YARDS TO THE BEACH LOCATED 4 4 BLOCKS NORTH OF OF GARNET AV. IN IN PACIFIC BEACH 1
THE OASIS LIC. 00589584 +1 858-459-1913 GEEMC8@GMAIL.COM 2
Offering Overview We are pleased to offer the fee interest in The Oasis, an exceptionally well located investment opportunity 60 yards to the beach and 4 blocks north of Garnet Av. in Pacific Beach, a premier coastal community in San Diego. With some ocean views, the property is comprised of 30 units that have operated at 99% occupancy over the last 5 years. As 7 newly renovated interiors have demonstrated, there are immediate opportunities to increase returns through interior renovation or short term rentals. Discover the fact that rental rates are different west of Mission Blvd. thanks to proximity to the ocean and Garnet Av. nightlife. This opportunity is unique because there is no other apartment community of this size west of Mission in central Pacific Beach. Mission Blvd 3
Investment Highlights Premier Pacific Beach Investment Property Ideally Located at the Beach 60 Steps to Arguably the Best Beach in San Diego, Restaurants, Shopping and Entertainment Fully Occupied Residential Featuring Some Ocean Views. Immediate Rental Upside and Ideal location for High Value Add Renovation Excellent Short Term or Vacation Rental Potential, Surrounded by Hotels 7 Apartments are All New and Fully Furnished 5 other Apartments have New Kitchens 1 other Apartment has a New Bathroom 2 other Apartments have New Granite and are Fully Furnished Huge Fully Landscaped Central Courtyard with Spa Laundry Room with Owned Machines 14 Rented Carports Located on a Quiet Side Street All Tenants are on Leases All have High Security Deposits No Unlawful Detainers in 10 Years All Rents Under Market Tenants often rent these units sight unseen The property has proven recession proof since the 1990 s 4
HOTEL THE OASIS HOTEL HOTEL HOTEL 5
Investment Summary PRICE: $13,370,000 ACREAGE:.44 Ac. ADDRESS: 633 MISSOURI ST, SAN DIEGO, CA PARCEL NUMBER: 415-522-05 NUMBER OF UNITS: 30 ASSESSOR SQUARE FOOTAGE: ~19,000 LAND OCCUPANCY: 99% OVER THE LAST 6 YEARS ASSESSOR SQUARE FOOTAGE: ~15,746 BLDG 6
SCHEDULED INCOME
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THE LEGALITIES This Memorandum contains selected informadon pertaining to the Property and does not purport to be a representadon of the state of affairs of the Property or the owner of the Property (the Owner ), to be all-inclusive or to contain all or part of the informadon which prospecdve investors may require to evaluate a purchase of real property. All financial projecdons and informadon are provided for general reference purposes only and are based on assumpdons reladng to the general economy, market condidons, compeddon and other factors beyond the control of the Owner. Therefore, all projecdons, assumpdons and other informadon provided and made herein are subject to material variadon. All references to acreages, square footages, and other measurements are approximadons. AddiDonal informadon and an opportunity to inspect the Property will be made available to interested and qualified prospecdve purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descripdons of the full agreements referenced. Interested pardes are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Owner does not make any representadon or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligadon shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your invesdgadons and inspecdons of the Property in evaluadng a possible purchase of the real property. The Owner expressly reserved the right, at its sole discredon, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any endty at any Dme with or without nodce which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligadon to any endty reviewing this Memorandum or making an offer to purchase the Property unless and undl wri[en agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any condidons to the Owner s obligadons therein have been sadsfied or waived. It is your responsibility to independently confirm accuracy and completeness of all informadon provided. Any projecdons, opinions, assumpdons or esdmates used are for example only and do not represent the current or future performance of the property. The value of this transacdon to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent invesdgadon of the property to determine to your sadsfacdon the suitability of the property for your needs. Please do not go on the property or speak with any resident without being accompanied by seller s representadve. 16