BRIAN LEUNG Senior Vice Presidentdirect + 1 415 288 7881 email brian.leung@colliers.comlic. 01203473

LISA NG Client Services Coordinatordirect + 1 415 288 7825 email lisa.ng@colliers.comlic. 02032528

Offering Memorandum

INNER MISSION | SAN FRANCISCO, CA 9410348-52 WOODWARD ST

48-52 Woodward Street

TABLE OF CONTENTS

OFFERING SUMMARY 3

FINANCIAL OVERVIEW 4

LOCATION OVERVIEW 5

MAPS 7

INTERIOR PHOTOS 8

P. 3 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 48-52 WOODWARD STREET

INVESTMENT SUMMARY OFFERING SUMMARY

TABLE OF CONTENTS

OFFERING SUMMARY 3

FINANCIAL OVERVIEW 4

LOCATION OVERVIEW 5

MAPS 7

INTERIOR PHOTOS 8

Offering SummaryOFFERING SUMMARYColliers International is pleased to present 48-52 Woodward Street, San Francisco, CA 94103 for purchase at $1,325,000.00. This is an opportunity for an owner-use or investor to acquire the fee simple interest in a triplex with great add value in the Inner Mission District of San Francisco. All three units are 2 bd/1 ba full floor flats and subject property is conveniently located near the Mission and Valencia Street Corridors. Subject property is within walking distance of neighborhood shops, fantastic restau-rants and public transportation.

General Information:Address: 48-52 Woodward Street

District: Inner Mission

APN: 3532-049

Building Square Feet: 2,760 SF (per tax records)

Lot Size: 1,625 SF (per tax records)

Constructed: 1908

Zoning: RM-1

Features:Use: Apartment

Structure: Wood

Stories: 3

Parking/Garage: Street

Utilities: PG&E

Water/Sewer: SF-PUC

P. 4 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 48-52 WOODWARD STREET

INVESTMENT SUMMARY FINANCIAL OVERVIEW

LOCATION: 48-52 WOODWARD, SAN FRANCISCO, CA 94103

ANNUAL GROSS INCOME

Financial Overview

Expense Categories

Water $2,184.36 $2,184.36

Garbage $993.04 $993.04

Property Insurance $2,391.00 $2,391.00

Special Assessment* $246.01 $246.01

Property Tax* $16,270.37 $16,270.37

GAE $22,082.83 $22,082.83NOI $30,620.69 $131,517.17

List Price $1,325,000

ANNUAL OPERATING EXPENSES

Unit No. Unit Type Current Rents Proforma Rents

48 - Lower 2 br/1 ba $1,562.19 $4,250.00**

50 - Middle 2 br/1 ba $1,167.58 $4,270.00**

52 - Upper 2 br/1 ba $1,562.19 $4,280.00**

MONTHLY $4,391.96 $12,800.00GAI $52,703.52 $153,600.00

NOTES* Based on Purchase Price** Projected Income

P. 5 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 48-52 WOODWARD STREET

INVESTMENT SUMMARY MAPSLOCATION OVERVIEW

Location OverviewTHE CITY OF SAN FRANCISCOWorld-renowned for its scenic beauty, unparalleled amenity base and 24-hour “live/work/play” environment, San Francisco has been

a focal point for business in this region for over a century. San Francisco has long been recognized as one of the major business

centers worldwide and is both a significant financial headquarters of the Western United States and the primary employment hub for

Northern California. San Francisco is the Bay Area’s most densely populated city, with a population of approximately 860,000 that

is projected to grow to 957,000 residents by the year 2035. The City enjoys an excellent transportation infrastructure, a myriad of

cultural resources, proximity to many of the world’s premier educational and research facilities, internationally recognized retailers,

restaurants and hotels, and a reputation as one of America’s most livable urban centers.

San Francisco is a major cultural center and is home to a multitude of live theaters, performance venues, and museums. The

San Francisco Museum of Modern Art (SFMOMA), the first museum on the West Coast devoted solely to 20th-century art, is the

centerpiece of the Yerba Buena Center for the Arts and a complement to well-established museums like the De Young Museum, the

newly built California Academy of Sciences and the Palace of the Legion of Honor. The natural landscape of the Golden Gate Park

furnishes trails for running, hiking, biking, and the San Francisco Bay is ideal for a wide variety of water sports.

AT&T Park, home of the San Francisco Giants, was completed in 2000 and has continuously drawn close to 3 million fans per season.

The stadium has been the hub of the SOMA neighborhood which has seen tremendous growth in both the commercial and residential

sectors over the past decade. San Francisco is home to Union Square, one of the foremost shopping districts in the world and the

foundation that underpins San Francisco’s strong and growing retail environment, which generates approximately $7.5 billion in annual

sales. The 25-block district is a popular tourist destination and also has an affluent, dependable, loyal customer base throughout San

Francisco, the Bay Area and Northern California.

P. 6 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 48-52 WOODWARD STREET

INVESTMENT SUMMARY MAPSLOCATION OVERVIEW

Neighborhood Overview MISSION DISTRICT | SAN FRANCISCO

The Mission District offers a unique variety of both

cultures and property types. Single family homes from

the Victorian era through the 1940s are in abundance,

as are multi-unit buildings and condos. Throughout the

Mission walls and fences are decorated with murals

initiated by the Chicano Art Mural Movement of the 1970s

and inspired by the traditional Mexican paintings made

famous by Diego Rivera.

There are dining and entertainment destinations for

every budget and taste. Mission Street has a collection

of shops reflective of the area’s diversity. 24th Street

between Potrero Avenue and Mission is a vibrant retail

area with many Hispanic bakeries and restaurants, newer

hipster hot spots, and services for urban living. The

Valencia corridor is known for its innovative restaurants

and eclectic shops.

The Mission is often warmer and sunnier than other parts

of San Francisco. Its geographical location insulates

it from the fog and wind from the west. This climatic

phenomenon becomes apparent to visitors who walk

downhill from 24th Street in the west from Noe Valley,

where the clouds from Twin Peaks tend to accumulate

on foggy days.

P. 7 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 48-52 WOODWARD STREET

INVESTMENT SUMMARY MAPS

Site Plan

Aerial View

Duboce Street

14th Street

Mission StreetVa

lenc

ia S

treet

48-52 Woodward Street

P. 8 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 48-52 WOODWARD STREET

INVESTMENT SUMMARY PHOTOS

Interior PhotosInterior Photos

P. 9 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 48-52 WOODWARD STREET

INVESTMENT SUMMARY CONFIDENTIALITY STATEMENT

CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs of the Property at 48-52 Woodward Street, San Francisco, CA 94103. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information con-tained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by 48-52 Woodward Street from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum from 48-52 Woodward Street you agree:

1) The Offering Memorandum and its contents are confidential;

2) You will hold it and treat it in the strictest of confidence; and

3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of 48-52 Woodward Street or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date of this Offering Memorandum.

COLLIERS INTERNATIONAL101 Second St, 11th FlSan Francisco, CA 94105

tel + 1 415 788 3100fax+ 1 415 433 7844

www.colliers.com

BRIAN LEUNGlic. 01203473Senior Vice President | Investments

direct + 1 415 288 7881email brian.leung@colliers.com

LISA NGlic. 02032528Client Services Coordinator | Investments

direct + 1 415 288 7825email lisa.ng@colliers.com