TUSCANIA APARTMENTS. Residential Offering. Price: $6,300, Units Ventura, California

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1 TUSCANIA APARTMENTS 35 Units, California Residential Offering Tuscania Apartments Price: $6,300, Carmen Drive, Suite 100 Camarillo, California Phone: (805) Fax: (805)

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3 Pro Forma Income and Expenses UNIT MIX & PROFORMA RENT SCHEDULE UNITS TYPE MARKET RENT MONTHLY RENT ANNUAL RENT 9 OCEAN VIEW 2+1 $1, $12, $145, $1, $ $124, $1, $20, $243,000 $42, $513, INCOME Scheduled Annual Market Rent: Less Vacancy/Loss to Lease - 3%: Net Rental Income: Plus Laundry Income: Total Operating Income: $513, $ 15, $498, $ 4,075,.00 $502, EXPENSES Pier Administrative Advertising Payroll Repairs & Maintenance $500/u Management Fee 3.0% Utilities Contracted Services Real Estate Taxes (based on purchase price) Insurance Replacement Reserve $200/u Total Operating Expenses 36% Per Unit $ 5, $ 6, $ 18, $ 17, $ 14, $ 31, $ 2, $ 69, $ 8, $ 7, $ 180, $ 5, Net Operating Income $322, Price: Price/Unit: Proforma Cap Rate: $6,300, $ 180, %

4 AMENITIES Tuscania Apartments COMMON AREA AMENITIES Attractive Courtyard with New Furniture & Fountain Water-Conservative Xeriscape Landscaping Walking Distance to Downtown Shops, Beaches, Banks 3/4 mile to Pier and California Street Walk to Middle School and Elementary School Ocean Views from some units Attractive Courtyard Free Wireless Internet One, and Two-Bedroom Apartment Homes Vertical Blinds & Ceiling Fans New Signage 2007 New Doors & Jams 2007 New Landscaping & Irrigation 2007 Card Access Security Gates 2007 New Plumbing Fixtures 2007 New Door Hardware-2007 To View the Property. To schedule a tour of the property, please contact Barton Stern at (805) or at bstern@venturainvestmentco.com. Notes The seller places high importance on a buyer s motivation, qualifications and proposed contingency periods. The information in this package is believed to be accurate, but cannot be confirmed by the seller. A buyer will need to independently confirm its opinion of value, market information, and any other projections, assumptions or determinations.

5 Floor Plans Bedroom Dining Room TUSCANIA APARTMENTS ONE BEDROOM Sink Stove Bath Living Room Tub Living Room Fridge Dining Room Stove Kitchen TUSCANIA APARTMENTS TWO BEDROOM Bath Sink Bedroom Bedroom

6 , California Area Maps Tuscania Apartments are shown at the end markers. Tuscania Apts. Tuscania Apts.

7 101 FREEWAY VENTURA PIER TUSCANIA APARTMENTS

8 Comparable Rental Properties SUBJECT PROPERTY NAME ADDRESS CITY DEPOSIT B C Tuscania Apt Homes None 248 S. Hemlock 104 Crimea $ D E Channel Vista Apts Harbor View Apts 275. Kalorama 1375 Poli St. St F Buena Vista None Buena Vista 1268 Meta $1375-$1475 $1,100 Same as rent Same as rent TOTAL UNITS MOVE IN COST Rent+ Sec Dep 10 Rent + Sec Dep 1 BEDROOM SIZE (SQ. FT.) RENT $1,125 RENT/ (SQ.FT.) TWO B/R 1 BTH SIZE (SQ. FT.) RENT RENT/ (SQ.FT.) 30 rent+sec.d Rent+Sec Dep Rent+Sec Dep rent +Sec.Dep ep NA NA $1,275 $1,295-$1,325 $1,000 $2.14 $1.96 $2.16/$1.89 $ $1,350 $ $1,350 $ ,100 $1,500 $ ,000 $1,450 $1.56/$ $1,250 $1.64/$ $1,225 $1.36

9 Tuscania Apartments Important Information This brochure has been prepared to provide preliminary information to prospective purchasers and to establish an initial level of interest in the aforementioned properties. This brochure does not purport to present all relevant and/or material information regarding the subject property and should not be considered as a replacement for a thorough investigation. In particular, neither Investment Co., the owner nor the seller makes warranty or representation with respect as to the subject property, it s condition or it s financial records. The information contained in this brochure has been obtained from sources we believe to be reliable; however, the seller has not conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. The subject property is being offered for sale in an as-is, where-is basis. There are no reserves for replacement/ capitol improvements that are to be conveyed to the prospective purchaser. The prospective purchaser is strongly encouraged to conduct a thorough due diligence. Please contact Carrie Bethurem for additional information and to schedule a time to view the property, which is by appointment only. (805) cbethurem@venturainvestmentco.com