Value Add Opportunity!

Value Add Opportunity!b Two properties on adjacent lotsb Fourplex: (4) 1BR/1BA unitsb Duplex: (1) 2BR/1BA & (1) BR/1BAb Duplex in need of major repairsb Upside potential with Fourplexb Duplex price: $490,000b Fourplex price: $990,000b Buy, Renovate, Sell Separatelyb Properties must be sold together

6 UNITS DOWNTOWN SAN JOSE463 & 469 S 7TH STREETSAN JOSE, CA 95112

Price: $1,480,000

MICHAEL SHIELDS, CCIMCommercial Investment [email protected], California

MICHAEL SHIELDS, CCIMCommercial Investment [email protected], California

TABLE OF CONTENTS

Executive Summary 3

SECTION 1 - Property InformationProperty Description 5

Unit Mix Report 6Property Photos 7

Location Map 13Regional Map 14

SECTION 2 - Financial InformationAnnual Property Operating Data 16

Cash Flow Analysis 17Pro Forma Summary 18

SECTION 3 - Sales CompsSale Comparables 20

SECTION 4 - Demographics SectionDemographics 29

Disclaimer & Footnotes 30

EXECUTIVE SUMMARY6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose ofillustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal,accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software shouldconsult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

Acquisition Costs Purchase Price, Points and Closing Costs $1,480,000 Investment - Cash $1,480,000

Investment Information Purchase Price $1,480,000 Price per Unit $246,667 Price per SF $354.07 Expenses per Unit ($7,133)

Income, Expenses & Cash Flow Gross Scheduled Income $80,220 Total Vacancy and Credits ($4,011) Operating Expenses ($42,795)

Net Operating Income $33,414 Debt Service $0

Cash Flow Before Taxes $33,414

Financial Indicators Cash-on-Cash Return Before Taxes 2.26% Debt Coverage Ratio N/A Capitalization Rate 2.26% Gross Rent Multiplier 18.45 Gross Income / Square Feet $19.19 Gross Expenses / Square Feet ($10.24) Operating Expense Ratio 56.15%

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MICHAEL SHIELDS, CCIM408-356-1900

P r o p e r t y I n f o r m a t i o nS E C T I O N 1

PROPERTY DESCRIPTION6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112

MICHAEL SHIELDS, [email protected]

Duplex & Fourplex - Value Add Opportunities!Two properties offered in one sale: A Duplex (469 S. 7th St.) and a Fourplex (463 S. 7th St.) Adjacent parcels. The duplex was constructed in 1875 and is need of major repairs. The 1BR/1BA unit in the front is vacant.The 2BR/1BA unit in the rear is currently rented. Within the City of San Jose Historic Resources Inventory,the duplex is identified as a "Candidate for City Landmark," although it is not presently designated as aCity Landmark. It is currently identified as a Contributing Site Structure and a Structure of Merit. Whilethese designations have implications on redevelopment they do not specifically disallow it. Contact theCity of San Jose Planning Department for details as to what can and cannot be done to the structure.

The duplex is a traditional wood frame structure but does not appear to have a foundation. The structure,plumbing and electrical are all in need of repair. The structure is 1,624 SF. We estimate the rear two-bedroom unit to be 1,000 SF and the front one-bedroom unit to be approximately 600 SF. Buyer shouldrely upon their own measurements for an accurate representation. The lot is 6,348 SF as per countyrecords. The property is zoned for use as a duplex. The rear unit is currently rented for $1,225 per month.The rental is split between two tenants: one tenant is paying $700 and the other is paying $525. Theprevious owner passed away in the front one-bedroom unit in 2021.

The fourplex was constructed in 1954 and consists of stucco over wood frame on a concrete perimeterfoundation. The structure is 2,584 SF on a 6,348 SF lot, according to county records. The four one bedroom,one bath units are approximately 645 SF in size. The four units are virtually identical in size and floorplan.The units are rented on a monthly basis at the following rates: $1,540, $1600, $1620 and $700. These rentsare below market as the average rental rate for a one bedroom in this area is approximately $1800/month.The fourplex has deferred maintenance and is in need of some repairs.

There is considerable upside potential with both properties in terms of income and value. Duplexes in thisarea typically sell between $740,000 to $950,000. Fourplexes in this area typically range in value from$1,062,000 to $1,130,000. Recent sales of six unit properties in San Jose have soldl between $2,200,000 to$1,550,000 depending on condition.

The properties must be purchased together, thereby providing the Buyer with the opportunity torenovate and sell them separately at a higher price.

The properties are located just 1/2 block from San Jose State University, making them very strongcandidates for student or work-force housing.

Please note: This is a Trustee Sale. The Current owner has little to no knowledge, additional information or

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UNIT MIX REPORT6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly1 1BR/1BA 645 $1,600 $1,600 $1,800 $1,8001 1BR/1BA 645 $700 $700 $1,800 $1,8001 1BR/1BA 645 $1,620 $1,620 $1,800 $1,8001 1BR/1BA 645 $1,540 $1,540 $1,800 $1,8001 1BR/1BA - Vacant 600 $0 $0 $1,800 $1,8001 2BR/1BA 1,000 $1,225 $1,225 $2,000 $2,0006 4,180 $6,685 $11,000

UNIT MIX UNIT MIX SQUARE FEET

● 1BR/1BA● 1BR/1BA● 1BR/1BA● 1BR/1BA● 1BR/1BA - Vacant● 2BR/1BA


UNIT MIX INCOME UNIT MIX MARKET INCOME



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PROPERTY PHOTOS6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112

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LOCATION MAP6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112

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REGIONAL MAP6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112

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F i n a n c i a l I n f o r m a t i o nS E C T I O N 2

ANNUAL PROPERTY OPERATING DATA6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


Description Year 1 Year 2 Year 3 Year 4 Year 5Year Ending 06/2022 06/2023 06/2024 06/2025 06/2026 Income Rental Income $80,220 $84,231 $88,443 $92,865 $97,508

Gross Scheduled Income $80,220 $84,231 $88,443 $92,865 $97,508 Turnover Vacancy ($4,011) ($4,212) ($4,422) ($4,643) ($4,875)

Gross Operating Income $76,209 $80,019 $84,020 $88,221 $92,633

Expenses Property Taxes (est) ($23,450) ($23,722) ($23,997) ($24,276) ($24,557) Insurance ($3,129) ($3,223) ($3,320) ($3,419) ($3,522) Utilities - Gas & Electric ($2,240) ($2,307) ($2,376) ($2,448) ($2,521) Garbage ($3,134) ($3,228) ($3,325) ($3,425) ($3,527) Sewer ($2,207) ($2,273) ($2,341) ($2,412) ($2,484) Water ($2,903) ($2,990) ($3,080) ($3,172) ($3,267) Maintenance & Repairs ($4,703) ($4,844) ($4,989) ($5,139) ($5,293) Supplies ($144) ($148) ($153) ($157) ($162) San Jose City Fees ($885) ($912) ($939) ($967) ($996)

Total Operating Expenses ($42,795) ($43,647) ($44,520) ($45,414) ($46,330) Operating Expense Ratio 56.15% 54.55% 52.99% 51.48% 50.01%

Net Operating Income $33,414 $36,372 $39,500 $42,807 $46,302

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CASH FLOW ANALYSIS6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


Before-Tax Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5Year Ending 06/2022 06/2023 06/2024 06/2025 06/2026

Before-Tax Cash Flow Gross Scheduled Income $80,220 $84,231 $88,443 $92,865 $97,508 Turnover Vacancy ($4,011) ($4,212) ($4,422) ($4,643) ($4,875) Total Operating Expenses ($42,795) ($43,647) ($44,520) ($45,414) ($46,330)

Net Operating Income $33,414 $36,372 $39,500 $42,807 $46,302 Loan Payment $0 $0 $0 $0 $0

Before-Tax Cash Flow $33,414 $36,372 $39,500 $42,807 $46,302 Cash-On-Cash Return 2.26% 2.46% 2.67% 2.89% 3.13%

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PRO FORMA SUMMARY6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


Unit Mix & Monthly ScheduledIncome Type Units Actual Total Market Total 1BR/1BA 1 $1,600 $1,600 $1,800 $1,800 1BR/1BA 1 $700 $700 $1,800 $1,800 1BR/1BA 1 $1,620 $1,620 $1,800 $1,800 1BR/1BA 1 $1,540 $1,540 $1,800 $1,800 1BR/1BA - Vacant 1 $0 $0 $1,800 $1,800 2BR/1BA 1 $1,225 $1,225 $2,000 $2,000 Totals 6 $6,685 $11,000

Annualized Income Description Actual Market Gross Potential Rent $80,220 $132,000 - Less: Vacancy ($4,011) ($6,600) Effective Gross Income $76,209 $125,400 - Less: Expenses ($42,795) ($42,795) Net Operating Income $33,414 $82,605

Annualized Expenses Description Actual Market Property Taxes (est) $23,450 $23,450 Insurance $3,129 $3,129 Utilities - Gas & Electric $2,240 $2,240 Garbage $3,134 $3,134 Sewer $2,207 $2,207 Water $2,903 $2,903 Maintenance & Repairs $4,703 $4,703 Supplies $144 $144 San Jose City Fees $885 $885 Total Expenses $42,795 $42,795 Expenses Per RSF $10.24 $10.24 Expenses Per Unit $7,133 $7,133

Investment SummaryPrice $1,480,000Year Built 1875Units 6Price/Unit $246,667RSF 4,180Price/RSF $354.07Lot Size 12,696 sfFloors 2

APN 467-48-032; 467-48-033

Cap Rate 2.26%Market Cap Rate 5.58%GRM 18.45Market GRM 11.21

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S a l e s C o m p sS E C T I O N 3

SALE COMPARABLES6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


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*

6 Units Downtown San Jose463 & 469 South 7th Street, San Jose, CA 95112

Sale Price $1,480,000Units 6Price/Unit $246,667Price/SqFt $354.07Lot Size 12,696Cap Rate 2.26%GRM 18.45Year Built 1875

Units Unit Type1 1BR/1BA1 1BR/1BA1 1BR/1BA1 1BR/1BA1 1BR/1BA - Vacant1 2BR/1BA

A

6 Units on South 6th594 South 6th Street, San Jose, CA 95112

Sale Price $2,210,000Units 6Price/Unit $368,333Price/SqFt $455.86Lot Size 8,159GRM 14.3Year Built 1950Sale Date 2/5/2020Days-On-Mkt 91

Units Unit Type6 1 Bedroom / 1 Bath

B

6 units on Park1390 Park Avenue, San Jose, CA 95126

Sale Price $2,120,000Units 6Price/Unit $353,333Price/SqFt $489.16Lot Size 8,368Sale Date 2/10/2020Days-On-Mkt 11

Units Unit Type4 1 Bedroom / 1 Bath2 2 Bedroom / 1 Bath

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C

6 units on Cleveland52 Cleveland Avenue, San Jose, CA 95128

Sale Price $2,070,000Units 6Price/Unit $345,000Price/SqFt $729.13Lot Size 5,680Year Built 1960Sale Date 12/10/2020


D

6 units on Tomasina2243 Tomasina Court, Campbell, CA 95008

Sale Price $2,050,000Units 6Price/Unit $341,667Price/SqFt $440.86Lot Size 13,277Year Built 1959Sale Date 7/10/2020Days-On-Mkt 55

Units Unit Type1 3 Bedroom / 2 Bath3 1 Bedroom / 1 Bath1 2 Bedroom / 1 Bath1 Studio/Efficiency

E

6 units on Reed143 West Reed Street, San Jose, CA 95110

Sale Price $1,590,000Units 6Price/Unit $265,000Price/SqFt $470.97Lot Size 7,405Cap Rate 4.9%GRM 13.2Year Built 1948Sale Date 8/5/2020Days-On-Mkt 62


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F

6 units on Deland794 Deland Avenue, San Jose, CA 95128

Sale Price $1,550,000Units 6Price/Unit $258,333Price/SqFt $434.17Cap Rate 3.73%GRM 16.8Year Built 1960Sale Date 5/28/2020Days-On-Mkt 85


G

Fourplex on Duane129 Duane Street, San Jose, CA 95110

Sale Price $1,130,000Units 4Price/Unit $282,500Price/SqFt $535.29Lot Size 5,735Year Built 1950Sale Date 3/13/2020


H

Fourplex on E. Saint James536 East Saint James Street, San Jose, CA 95112

Sale Price $1,125,000Units 4Price/Unit $281,250Price/SqFt $411.79Lot Size 4,745Cap Rate 5.1%GRM 15.2Year Built 1898Sale Date 5/10/2019


Notesbelow market rents on similar units

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I

Fourplex on George112 George Street, San Jose, CA 95110



Notessimilar property. low rents

J

Fourplex on 11th St552 South 11th Street, San Jose, CA 95112



NotesSimilar Property. Below market monthly rents on nearly identical units: $1,300, $1,475, $1,330, $1,365.

K

Duplex on Mastic1135 Mastic Street, San Jose, CA 95110

Sale Price $560,000Units 2Price/Unit $280,000Price/SqFt $283.40Lot Size 5,132Year Built 1898Sale Date 1/17/2021


NotesVery poor condition with slopping floors and in need of a major renovation at time of sale. Total remodelor tear down.

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L

Duplex on 7th 1175 South 7th Street, San Jose, CA 95112

Sale Price $740,000Units 2Price/Unit $370,000Price/SqFt $548.96Lot Size 5,722Sale Date 4/11/2021Days-On-Mkt 32


M

Duplex on N 14th885 North 14th Street, San Jose, CA 95112

Sale Price $850,000Units 2Price/Unit $425,000Price/SqFt $565.54Lot Size 5,367Year Built 1922Sale Date 4/16/2021


Notesproperty needs some TLC

N

Duplex on 14th356 North 14th Street, San Jose, CA 95112

Sale Price $915,000Units 2Price/Unit $457,500Price/SqFt $594.16Sale Date 4/14/2021Days-On-Mkt 6


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O

Duplex on N 16th295 North 16th Street, San Jose, CA 95112

Sale Price $950,000Units 2Price/Unit $475,000Price/SqFt $572.98Lot Size 5,789Year Built 1901Sale Date 12/29/2020Days-On-Mkt 14


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* 463 & 469 South 7th StreetSan Jose, CA, 95112$1,480,000

A 594 South 6th StreetSan Jose, CA, 95112$2,210,000

B 1390 Park AvenueSan Jose, CA, 95126$2,120,000

C 52 Cleveland AvenueSan Jose, CA, 95128$2,070,000

D 2243 Tomasina CourtCampbell, CA, 95008$2,050,000

E 143 West Reed StreetSan Jose, CA, 95110$1,590,000

F 794 Deland AvenueSan Jose, CA, 95128$1,550,000

G 129 Duane StreetSan Jose, CA, 95110$1,130,000

H 536 East Saint James StreetSan Jose, CA, 95112$1,125,000

I 112 George StreetSan Jose, CA, 95110$1,072,500

J 552 South 11th StreetSan Jose, CA, 95112$1,062,500

K 1135 Mastic StreetSan Jose, CA, 95110$560,000

L 1175 South 7th StreetSan Jose, CA, 95112$740,000

M 885 North 14th StreetSan Jose, CA, 95112$850,000

N 356 North 14th StreetSan Jose, CA, 95112$915,000

O 295 North 16th StreetSan Jose, CA, 95112$950,000

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D e m o g r a p h i c s S e c t i o nS E C T I O N 4

DEMOGRAPHICS6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


Population 1 Mile 3 Miles 5 MilesMale 21,574 142,082 344,591Female 21,607 139,418 339,207Total Population 43,181 281,500 683,798

Age 1 Mile 3 Miles 5 MilesAges 0-14 8,131 60,705 143,279Ages 15-24 4,428 34,437 83,362Ages 55-64 4,076 29,373 74,836Ages 65+ 4,190 32,897 85,582

Race 1 Mile 3 Miles 5 MilesWhite 19,190 115,693 280,966Black 1,551 7,232 16,339Am In/AK Nat 263 1,586 2,844Hawaiian 62 438 1,066Hispanic 24,437 161,410 313,573Multi-Racial 28,724 187,540 367,612

Income 1 Mile 3 Miles 5 MilesMedian $44,996 $56,556 $69,470< $15,000 2,785 11,530 21,088$15,000-$24,999 1,818 9,300 18,625$25,000-$34,999 1,361 7,274 16,717$35,000-$49,999 1,888 11,312 24,908$50,000-$74,999 1,800 14,504 35,759$75,000-$99,999 1,417 10,711 29,022$10,0000-$149,999 1,456 12,077 36,831$150,000-$199,999 756 5,810 17,193> $200,000 673 4,522 14,584

Housing 1 Mile 3 Miles 5 MilesTotal Units 16,028 93,812 231,288Occupied 14,367 88,407 220,399Owner Occupied 3,727 36,329 112,337Renter Occupied 10,640 52,078 108,062Vacant 1,661 5,405 10,889

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DISCLAIMER & FOOTNOTES6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


DISCLAIMER All materials and information received or derived from Silicon Valley Multifamily Group its directors, officers, agents, advisors, affiliates, and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Silicon Valley Multifamily Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of 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 a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significant chance to such party. Silicon Valley Multifamily Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. Seller desires to sell the property in "its present as is condition" subject to inspection reports. 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 through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Silicon Valley Multifamily Group makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Silicon Valley Multifamily Group does not serve as a financial advisor to any party regarding any proposed transaction. When analyzing this property buyer should use income, vacancy and expense levels that will accurately reflect the manner in which it plans to operate the property. Broker, Agent and Seller are making no representations or warranties as to the level of income or expenses Buyer will incur at the property. Building square footage, unit square footage and lot sizes are not guaranteed. Broker, Agent and Seller have not measured all units, lot or the building and are making NO representation as to the accuracy of square footage figures. Data source for building and lot size is FastWeb. Buyer should measure all units, lot and the building prior to purchase and should not rely on any square footage figures provided by Broker, Agent or Seller. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected 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 contractual and 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 questions should 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 governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. • Do Not Disturb -- Please respect the Seller's request that the tenants not be disturbed. All offers are to be written subject to inspection. The Seller will provide access for the Buyer to inspect the interiors of all units within a reasonable period following a fully executed purchase contract. Seller requests that all inspections be made on the same day. • Representation -- This information is given with the understanding that all negotiations relating to the purchase of the property described herein shall be conducted through Silicon Valley Multifamily Group. All properties and services are marketed by Silicon Valley Multifamily Group in compliance with all applicable fair housing and equal opportunity laws.

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DISCLAIMER & FOOTNOTES6 Units Downtown San Jose463 & 469 South 7th Street | San Jose, CA 95112


OFFERING MEMORANDUM NOTES Gross Annual Scheduled Income & the Gross Rent Multiplier are based on current rents shown in the Rent Roll. These rent levels are current rent levels at the time this package was prepared and subject to change without notice. Buyer should review most recent rent roll prior to purchase. The laundry income was based on 2011 actual levels. Gross Annual Scheduled Income & Gross Income Multiplier (Market or Pro Forma) assumes the units are all rented at the rent levels shown in the Pro Form Summary. These rent levels are not guaranteed to be achievable by Seller, Broker or Agent. Buyer should use rent levels it thinks it can obtain for the subject property. The laundry income was based on the actual 2011 laundry income reported by the owner. Capitalization Rate is based on rents, expenses and vacancy figures shown in the Operating Statement. Pro Forma Capitalization Rate is based on rents, expenses and vacancy figures shown in the Pro-Forma Operating Statement Pro-Forma (Market) column. See Pro Forma Operating Statement Footnotes and Disclaimers in this section of the Offering Memorandum. Year Built: Data source is FastWeb. Seller, Broker and Agent are making no guarantee or representations as to when the improvements were built. Buyer should conduct its own investigation to determine age of improvements.

UNIT MIX/SCHEDULED INCOME OVERVIEW FOOTNOTES

Current Rent Column is based on current rents shown in the Rent Roll. These rent levels are current rent levels at the time this package was prepared and subject to change without notice. Buyer should review most recent rent roll prior to purchase. Pro Forma or Market Rents assumes the units are all rented at the estimated market rent levels shown in the rent roll. Please note that current rents are not at these levels. Pro Forma rent levels are not guaranteed to be achievable by Seller, Broker or Agent. Buyer should use rent levels it thinks it can obtain for the subject property. Purchase Information on page 4 including Fair Market Value, Resale Valuation and Resale Expenses are provided for illustrative purposes only and will vary depending on market conditions and other factors. Silicon Valley Multifamily Group, its Brokers and Agents can not be held accountable for these numbers. Buyer should use the numbers it thinks most appropriate. Financial Information on page 4 including Down Payment, Closing Costs, LT Capital Gain, Federal and State Tax Rates and the Discount Rate are provided for illustrative purposes only. Actual numbers may, and probably will, vary depending on the Buyer’s individual situation. Loans on page 4. This information is provided for illustrative purposes only. Buyer should use the loan information it thinks attainable and realistic for the property. Annual Property Operating Data Notes and Disclaimers

Rental Income is based on current rents shown in the Rent Roll Miscellaneous income is based upon information provided by the owner or manager. General Vacancy is estimated to be at current market levels or provided by owner. Taxes are estimated based on list price and based on 2011/2012 tax rate reported by Santa Clara County. Other Expenses All other expenses are as reported by owner or property manager. Loan Payment is based upon information provided in the LOANS section of page 4. Buyer should use the loan information it thinks attainable and realistic for the property. Income Taxes is based upon a 33% or greater tax rate and is provided for illustrative purposes only. Buyer should consult with a licensed tax professional in determining the most realistic and appropriate tax rate. NOTE: THE 10 YEAR PROJECTIONS ARE PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY. BUYER SHOULD USE THE PROJECTIONS IT THINKS ARE REALISTIC AND ATTAINABLE.

Rent Roll Notes

General Notes: Rent levels, occupancy, deposit amounts and terms are subject to change without notice. Move-In dates are subject to change as units turnover. Buyer should obtain updated information and confirm all rent levels, lease terms, move-in dates, amount of last rental adjustment and deposit amounts prior to purchase. Market Rent column does not reflect current rent levels. These rent levels are not guaranteed to be achievable by Seller, Broker or Agents. Buyer should use rent levels it thinks it can obtain for the subject property.

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Value Add Opportunity!

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