INVESTMENT HIGHLIGHTS

• Current Avg Rent: $1,208 | Market Stabilized Avg Rent: $1,357
• Current Tax-Adjusted Cap Rate: 6.50% | Stabilized Cap Rate: 8.70%
• Consists of 4% 1 Bedrooms, 65% 2 Bedrooms, and 31% 3 Bedrooms.
• (3) One Bedroom/One Bathroom, (34) Two Bedroom/One Bathroom, (6) Two Bedroom/One and a Half Bathroom, and (17) Three Bedroom/One and a Half Bathroom Units
• There are 12 units with Basements – Square Footage is not calculated into the total SF or the unit SF since it is below ground
• Density: 6.7 Units/AC
• Opportunity to build more units on this parcel
• Zoning: RM C3 – Allowing for 8-14 Units/A
• APN: 12-0149C-00A-003
• Parking: 120 Surface Spaces and 20 Garage Spaces