MARK MORGAN ACI (619) DRE# TH STREET SAN DIEGO, CA AN 8 UNIT MULTI FAMILY INVESTMENT OPPORTUNITY

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1 MARK MORGAN ACI (619) DRE# TH STREET SAN DIEGO, CA AN 8 UNIT MULTI FAMILY INVESTMENT OPPORTUNITY

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4 EXTERIOR IMPROVEMENTS New Poured Concrete Parking Area (front) New Drought Tolerant Lanscaping New Contemporary Redwood Façade New Poured Concrete Entry Monument New Redwood Fencing New 3-toned Exterior Paint New Security Entrance System Complete Roof Repair New Rain Gutters New Stainless Steel Bullet Lighting New Stainless Steel Address Numbers EX XTERIOR R & COM MMON AREA IM MPROVE MENTS New Exterior Tile Landings COMMON AREA IMPROVEMENTS New Stainless Steel BBQ New Metal Bike Rack Refurbished Laundry Room All New Laundry Equipment (owned) New Water Heater Updated Recirculation Lines

5 INTERIOR IMPROVEMENTS New Custom Entry Doors New Wood Laminate Floors Throughout New Wall Heaters New Contemporary Ceiling Fans New 2-Toned Designer Paint New Baseboards New Window Treatments New Light Fixtures INTERIOR IMPROVEMENTS - KITCHENS New Custom Cabinets and Hardware New GE Stainless Steel Refrigerators New GE Stainless Steel Range/Ovens e New GE Stainless Steel Dishwashers New GE Stainless Steel Microwaves New White Quartz Countertops INT IM TERIOR PROVE R IMPRO MENTS OVEMEN NTS + KIT TCHEN New Stainless Undermount Sinks New Light Fixtures New Contemporary Faucet Hardware

6 INTERIOR IMPROVEMENTS - BATHROOMS New Showers/Tubs New Shower/Tub Hardware New Glass Shower Doors New Tile Shower Surrounds New Tile Floors New Contemporary Vanities New Modern Light Fixtures New Sink Faucets New Toilets New Mirrors New White Stone Vanity Tops New Designer esg e Paint INT TERIOR R IMPRO OVEMEN NTS - BA ATHROOMS

7 # Units Address City Zip Year Built Parcel Size th St. San Diego ,251 sf $/Square Foot Gross Sq. Ft. GRM CAP Rate Price $/Unit (Approx.) (Approx.) Current Market Current Market $2,095,000 $261,875 $ , % 5.1% Income Detail # Units Type Rent Total Current Estimated Annual Operating Expenses 3 1Br/1Ba $1,395 $4,185 Advertising $0 Management (Off Site) $7, Br/1Ba $1,695 $8,475 Gas /El Electric $1,920 Management t(on Site) $0 Water / Sewer $5,760 Administrative $100 Landscaping $960 Miscellaneous $500 Laundry, Pet Fees, Late Fees & Misc Inc. $100 Insurance $2,100 Supplies $0 Total Monthly Income $12,760 Trash $1,380 Pool $0 Market Licenses & Fees $150 Pest Control $450 Maintenance $3,500 Taxes $23, Br/1Ba $1,450 $4, Br/1Ba $1,750 $8,750 Total Annual Operating Expenses $47,220 INVEST MENT SUMMAR RY Expenses Per: Est. Sq. Ft. $8.14 Laundry, Pet Fees, Late Fees & Misc Inc. $100 Unit $5,903 Total Monthly Income $13,200 % of GSI 30.8% Estimated Annual Operating Proforma Financing Summary Current Market Gross Scheduled Income $153,120 $158,400 Proposed Financing: $1,200,000 Less: Vacancy Factor 3% $4,594 $4,752 Gross Operating Income $148,526 $153,648 Downpayment: $895,000 Less: Expenses 30.8% $47,220 $47,220 43% Net Operating Income $101,306 $106,428 Contact: Less: 1st TD Payments ($67,098) ($67,098) Mark Morgan ACI Apartments Pre-Tax Cash Flow $34,209 $39,330 (619) Cell Cash On Cash Return 3.8% 4.4% markmorgan@aciapartments.com

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10 Well located north of El Cajon Blvd in the exclusive area of Talmadge, the residents of th St. enjoy the walkability to eateries, bars, shops, and public transportation access. Coupled with the close proximity to SDSU, easy freeway access, 15 minute drive to the beaches, 10 minute drive to Downtown San Diego, the residents enjoy the central San Diego location of th Street. Talmadge is a neighborhood located in the central area of SanDiego Diego, CA. Its borders are defined by Fairmount Avenue to the West, Montezuma Road/Collwood Boulevard to the Northeast, and El Cajon Blvd. to the South. Founded in 1927 by the Talmadge sisters, stars of silent films, Tl Talmadge Park opened with ihstreets named after them. The architecture in Talmadge is eclectic, with styles including Spanish Revival, Craftsman, Cape Cod, and Normandy Style homes. Kensington and Talmadge are sometimes grouped together as they are part of the same community planning group. LO OCATION DESC CRIPTION - TALM MADGE

11 50TH STREET APARTMENTS - LOCATION MAP

12 50TH STREET APARTMENTS - AERIAL MAP

13 50TH STREET APARTMENTS - AERIAL PHOTO