621 E. 6th StLong Beach, CA 90802

OFFERING MEMORANDUM

Investment Summary | 02

OFFERING SUMMARYADDRESS 621 E. 6th St

Long Beach CA 90802COUNTY Los AngelesBUILDING SF 7,437 SFLAND SF 8,136NUMBER OF UNITS 11YEAR BUILT 1923APN 7274-018-038OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $2,495,000PRICE PSF $335.48PRICE PER UNIT $226,818OCCUPANCY 95.00 %NOI (PRO FORMA) $158,278CAP RATE (PRO FORMA) 6.34 %GRM (PRO FORMA) 12.88

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2016 Population 87,144 255,477 415,3172016 Median HH Income $38,240 $47,199 $54,2912016 Average HH Income $57,240 $69,188 $81,329

Excellent Unit Mix

Separate Meters for Gas and Electricity

High Demand Rental Area

True Rental Upside

Unit Mix Summary | 03

Unit Mix # Units ProForma Rent Monthly Income2 bd + 2 ba 1 $1,895 $1,895

Studio + 3 $1,250 $3,7503 bd + 2 ba 1 $2,400 $2,4001 bd + 1 ba 6 $1,350 $8,100

Totals/Averages 11 $1,724 $16,145

Location Summary | 04

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary andstrictly confidential. It is intended to be reviewed only by the party receiving it fromFirst Team Real Estate and it should not be made available to any other person orentity without the written consent of First Team Real Estate.

By taking possession of and reviewing the information contained herein the recipientagrees to hold and treat all such information in the strictest confidence. Therecipient further agrees that recipient will not photocopy or duplicate any part of theoffering memorandum. If you have no interest in the subject property, pleasepromptly return this offering memorandum to First Team Real Estate. This offeringmemorandum has been prepared to provide summary, unverified financial andphysical information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligenceinvestigation. First Team Real Estate has not made any investigation, and makes nowarranty or representation with respect to the income or expenses for the subjectproperty, the future projected financial performance of the property, the size andsquare footage of the property and improvements, the presence or absence ofcontaminating substances, PCBs or asbestos, the compliance with local, state andfederal regulations, the physical condition of the improvements thereon, or financialcondition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained fromsources we believe reliable; however, First Team Real Estate has not verified, andwill not verify, any of the information contained herein, nor has First Team RealEstate conducted any investigation regarding these matters and makes no warrantyor representation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measures to verifyall of the information set forth herein. Prospective buyers shall be responsible fortheir costs and expenses of investigating the subject property.

Exclusively Marketed by:

Sarah MartinLic: 01935143(714) 317-9002sarah@sarahmartinproperties.com

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