M I R A D A V I L L A S1633 Via Mirada, Fullerton, CA 92833

VANGUARD PROPERTY GROUP2651 E. Chapman Avenue, Suite #100

Fullerton, CA 92831DRE#02014531

w w w . V A N G U A R D P R O P E R T Y . c o m

Presented By:

ED DIAZPresidentCalDRE #01022469714.446.0100 x112ed@vanguardproperty.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

C O N F I D E N T I A L I T Y & D I S C L A I M E R1633 Via Mirada, Fullerton, CA 92833

CONFIDENTIALITY & DISCLAIMERAll materials and information received or derived from Vanguard Property Group, Inc. its directors, officers, agents, advisors, affiliates and/or any third party sources are providedwithout representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmentalrequirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all othermatters.

Neither Vanguard Property Group, Inc. its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completenessof the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not asubstitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Vanguard Property Group, Inc. will not investigateor verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documentsand reports and consulting appropriate independent professionals. Vanguard Property Group, Inc. makes no warranties and/or representations regarding the veracity, completeness,or relevance of any financial data or assumptions. Vanguard Property Group, Inc. does not serve as a financial advisor to any party regarding any proposed transaction. All data andassumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/orprojected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractualand governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questionsshould be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services aremarketed by Vanguard Property Group, Inc. in compliance with all applicable fair housing and equal opportunity laws.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

OFFERING SUMMARY

Sale Price: $1,429,995

Number Of Units: 4

Cap Rate: 3.41%

NOI: $48,725

Lot Size: 0.17 Acres

Year Built: 1965

Building Size: 4,087

Zoning: R-3

Price / SF: $349.89

The Mirada Villas is a pride of ownership, Covington style, 4-unit apartment complex located in prestigious Sunny Hills,Fullerton. The subject property is comprised of (1) 3 bedroom + 2 bath owners unit with fireplace & patio, (1) 2 bedroom +2 bath, (1) 2 bedroom + 1 bath, and (1) 1 bedroom + 1 bath with patio. Tenant amenities include: private patios orbalconies, garages, separate tenant electric and gas meters and an on-site laundry room for additional landlord income.The subject property has underdone numerous recent upgrades including: new concrete garage driveway apron, new vinylfencing and new exterior LED lighting.

PROPERTY OVERVIEW

The Mirada Villas are ideally located in the Sunny Hills, Fullerton, offering tenants access to the prestigious Sunny Hills HighSchool (a magnet school), Parks Jr High and the "Amerige Heights" shopping center with numerous retail amenitiesincluding: Target Superstore, Islands, Soup Plantation, McDonald's and many others - this location has historicallyproduced extremely high tenant demand for stable occupancy & investor cash flow.

LOCATION OVERVIEW

E X E C U T I V E S U M M A R Y1633 Via Mirada, Fullerton, CA 92833

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

SALE HIGHLIGHTS

• Pride Of Ownership Covington Style Fourplex

• High Demand Sunny Hills/Fullerton Location

• 1 (3+2) Single Story Unit w/ Fireplace, 1 (2+2), 1 (2+1), 1 (1+1)

• Garages, Patios (downstairs units), Balconies (upstairs units)

• Separate Gas & Electric Meters for Each Tenant

• Onsite Laundry Room for Additional Landlord Income

• Newer Concrete Garage Driveway Apron and Vinyl Fencing

C O M P L E T E H I G H L I G H T S1633 Via Mirada, Fullerton, CA 92833

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

UNITNUMBER

UNITBED

UNITBATH

CURRENTRENT

MARKETRENT

A 3 2 $1,850 $2,395

B 1 1 $1,395 $1,495

C 2 2 $1,540 $1,695

D 2 1 $1,595 $1,650

Totals/Averages $6,380 $7,235

R E N T R O L L1633 Via Mirada, Fullerton, CA 92833

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

INCOME SUMMARY ACTUAL PER UNIT PROFORMA PER UNIT

Rental Income $76,560 $19,140 $86,820 $21,705Laundry $1,200 $300 $1,200 $300

Gross Income $77,760 $19,440 $88,020 $22,005

EXPENSE SUMMARY ACTUAL PER UNIT PROFORMA PER UNIT

Taxes $16,158 $4,039 $16,158 $4,039Water and Sewer $3,575 $893 $3,575 $893Electric $400 $100 $400 $100Gas $581 $145 $581 $145Landscaping $1,140 $285 $1,140 $285Maintenance (4% of gross rents) $3,062 $765 $3,331 $832Insurance $1,300 $325 $1,300 $325Trash $442 $110 $442 $110License $40 $10 $40 $10

Gross Expenses $26,701 $6,675 $26,970 $6,742

Net Operating Income $48,725 $12,181 $58,409 $14,602

I N C O M E & E X P E N S E S1633 Via Mirada, Fullerton, CA 92833

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

INVESTMENT OVERVIEW ACTUAL PROFORMA

Price $1,429,995 $1,429,995Price per Unit $357,498 $357,498GRM 18.4 16.3CAP Rate 3.4% 4.1%Cash-on-Cash Return (yr 1) 0.82 % 1.47 %Total Return (yr 1) $17,679 $20,397Debt Coverage Ratio 1.14 1.22

OPERATING DATA ACTUAL PROFORMA

Gross Scheduled Income $77,760 $88,020Other Income - -Total Scheduled Income $77,760 $88,020Vacancy Cost $2,332 $2,640Gross Income $75,427 $85,379Operating Expenses $26,701 $26,970Net Operating Income $48,725 $58,409Pre-Tax Cash Flow $5,886 $10,497

FINANCING DATA ACTUAL PROFORMA

Down Payment $714,997 $714,997Loan Amount $714,998 $714,998Debt Service $42,839 $47,912Debt Service Monthly $3,569 $3,992Principal Reduction (yr 1) $11,792 $9,900

F I N A N C I A L S U M M A R Y1633 Via Mirada, Fullerton, CA 92833

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

Mirada Villas

A E R I A L M A P1633 Via Mirada, Fullerton, CA 92833

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

w w w . V A N G U A R D P R O P E R T Y . c o m

L O C A T I O N M A P S1633 Via Mirada, Fullerton, CA 92833