3609 30TH STREET   ‐ SAN DIEGO, CA       ‐ 92104A  5‐UNIT MULTI‐FAMILY INVESTMENT OPPORTUNITY

MARK MORGAN ‐ ACI ‐ (619) 300‐9070markmorgan@aciapartments.com ‐ CalBRE# 01339919

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Fantastic North Park Location

Ideal Unit Mix Of 1, 2, & 3 Bedrooms

New Dual Pane Windows

Stainless Steel Appliances

Hardwood Floors

New Kitchen Cabinets

Granite Countertops

Custom Designer Tiled Showers/Baths

Dishwashers

Recessed Lighting

Built-Ins Retained For Vintage Charm

Immediate Rental Upside

Laundry Room w/ 2 Washers + 2 Dryers

On-site Parking + 2-Car Garage

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LIGH

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INVESTMENT SUMMARY UNIT MIX BREAKDOWN

Number of Units………………………………… 5Unit Size Average…………………………….. 758Estimated Rentable Square Feet……………… 3,790Actual Rent / Unit……………………………. $1,655Actual Rent / Square Foot………………….. $2.18Year Built………………………………………. 1954

UNIT MIX SUMMARYUnit Type Units Unit Mix

1 Br 1 Ba 3 60%2 Br 1 Ba 1 20%3 Br 1 Ba 1 20%

Total 5 100%Weighted Average

$2,150 $1.95 $2,1503,790 $8,273

* Square footage of units is estimated. Buyer to measure.* Property is reporting 100% physical occupancy.

Actual Rent / Unit Actual Rent / SF Monthly Rent

1,100$2,100 $2.36 $2,100

1,8006008901100

890$1,341 $2.24 $4,023

Estimated

3609 30th StreetSan Diego, CA 92104

Square FeetEstimated

Net Rentable SF

INVESTM

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D U

NIT M

IX SUM

MAR

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60%20%

20% 1 Br 1 Ba

2 Br 1 Ba

3 Br 1 Ba

# Units Zip5 92104

Current Market Current Market17.1 14.8 3.3% 4.2%

# Units Type Rent Total

3 1Br/1Ba $1,341 $4,0231 2Br/1Ba $2,100 $2,100 Advertising $60 $4,3021 3Br/1Ba $2,150 $2,150 Gas & Electric $1,128 $0

Water & Sewer $2,469 Security $0Laundry & Misc. Income $124 Landscaping $1,140 Miscellaneous $0

Insurance $2,872 Supplies $0Total Monthly Income $8,397 General Admin $0 Pool $0

Licenses & Fees $79 Pest Control $660Maintenance $9,404 Taxes (NEW) $18,975

3 1Br/1Ba $1,600 $4,800 1 2Br/1Ba $2,250 $2,2501 3Br/1Ba $2,500 $2,500 Total Annual Operating Expenses $41,089

Laundry & Misc. Income $175 Expenses Per: Est. Sq. Ft. $10.84

Unit $8,218Total Monthly Income $9,725 % of GSI 40.8%

Current MarketGross Scheduled Income $100,764 $116,700 Proposed Financing: $862,500Less: Vacancy Factor 2% $2,015 $3,501Gross Operating Income $98,749 $113,199 Downpayment: $862,500Less: Expenses 40.8% $41,089 $41,089 50%Net Operating Income $57,660 $72,110

Less: 1st TD Payments ($49,412) ($49,412)

Pre-Tax Cash Flow $8,247 $22,698Cash on Cash Return 1.0% 2.6%

Price $/Unit$/Square Foot GRM

5,000 sfAddress City Year Built

(Estimated) (Estimated)$1,725,000 $345,000 $455.15

Parcel Size3609 30th St. San Diego North Park 1960

markmorgan@aciapartments.com

Contact:Mark Morgan

ACI Apartments(619) 300-9070 Cell

Estimated Annual Operating Proforma Financing Summary

Management (On Site)

Gross Sq. Ft.

3,790

Market

CAP Rate

Management (Off Site)

Income Detail Estimated Annual Operating Expenses

Current

INVESTM

ENT SU

MM

ARY

1963 22 1 5%3952 Iowa St. 1Br/1Ba $1,700 600 $2.83North Park

1962 40 1 3%3929 Kansas St. 1Br/1Ba $1,695 600 $2.83North Park

1968 8 1 13%3345 29th St. 1Br/1Ba $1,500 600 $2.50North Park

1967 7 1 14%3728 Herman Ave.North Park 2Br/1Ba $2,395 980 $2.44

1964 8 1 13%4184 32nd St.North Park 2Br/1Ba $2,100 915 $2.30

# Photo Vacancy %Building Total Units # Units Vacant

Year Built

5

1

2

3

4

Unit Type

Parking is $75 ExtraLaundry Room

Remodeled UnitsDishwashers

Balcony

Rent Per SF

Comments

Remodeled Units

Rents SqFt

Remodeled Units

Stainless AppliancesHardwood Floors

Granite CountertopsPoolBBQ

1 Parking Space

Gated ComplexLaundry Room

Remodeled UnitsQuartz Countertops

Vinyl FlooringStainless Appliances

Gated ComplexAir Conditioning

Open Kitchens

RENTAL SURVEY

1986 17 1 6%3792 31st St. 1Br/1Ba $1,498 650 $2.30North Park

1944 2 1 50%3658 Cherokee Ave.East San Diego

3Br/1Ba $2,395 950 $2.52

1952 2 1 50%3604 Herman Ave.North Park

3Br/1Ba $2,500 1,100 $2.27

Year Built Units # Vacant Vacancy %

1963 13 1 19% 1Br/1Ba $1,598 613 $2.62

2Br/1Ba $2,248 948 $2.37

3Br/2Ba $2,448 1,025 $2.40

RentalAverages

Year Built

Backyard

8

6

7

Hardwood FloorsBackyard

Washer/Dryer in unit

Gated Complex1 car garage

Unit Type Rents SqFt Total Units # Units Vacant

Vacancy %# Photo Building Rent Per SF

Comments

Hardwood FloorsRemodeled CraftsmanWasher/Dryer in unit

FireplaceLaundry Room

East of the 805

RENTAL SURVEY

3609 30TH STREET - LOCATION MAP

3609 30TH STREET - AERIAL MAP

3609 30TH STREET - AERIAL PHOTO