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Enhanced Report Chicago Title

Cover Page

Subject Property:

Site Address3207 TELEGRAPH AVEOAKLAND , CA , 94609-3015

Mail Address1576 CORDILLERAS RD

REDWOOD CITY , CA , 94062-3208

Prepared By:

nick myerhoffT:(415) 681-4410F:(415) 681-4410E:[email protected]

Document Contents Provided By

Profile Cover SheetProperty OverviewProperty History PageProperty Comparables (Detailed)Property Comparables (Summary)NeighborhoodPlat Map

Eleanore Tang825 Broadway

Oakland, CA [email protected]

Property Overview 3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

Owner and Geographic Information

Primary Owner: Secondary Owner:

3207 TELEGRAPH AVE LLC

Mail Address: 1576 CORDILLERAS RD , REDWOOD CITY, CA 94062-3208

Site Address: 3207 TELEGRAPH AVE , OAKLAND, CA 94609-3015

APN: 9-716-5 Lot Number: 1 Page / Grid:

Housing Tract Number:

Legal Description: Lot Code: 1Block: 2043Subdivision: THE ROWLAND TRACTLegal Brief Description: LOT:1 BLK:2043 SUBD:THE ROWLAND TRACT

Property Details

Bedrooms: 0 Year Built: 1941 Square Feet: 46,964

Bathrooms: 0 Garage: Lot Size: 5,000 SF

Total Rooms: Fireplace: Number of Units: 0

Zoning: Pool: Use Code: Comm/Ofc/Res Mixed Use

Sale Information

Transfer Date: 06/10/2014 Seller: WILLIAMS JR, RUFUS L; RUFUS L WILLIAMS JR 2010 TRUST,

Transfer Value: $645,000.00 Document#: 2014138989

Cost/Sq Feet:

Assessment and Taxes

Assessed Value: $681,274.00 Percent Improvement: 53.49% Homeowner Exemption:

Land Value: $316,872.00 Tax Amount: $11,770.60 Tax Rate Area: 17-042

Improvement Value: $364,402.00 Tax Status: Current Tax Account ID:

Market Improvement Value: Market Land Value: Market Value:

Property History 3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

Mortgage Record - 06/30/2015

Recording Date: 06/30/2015 Document#: 2015179900

Loan Amount: $720,000.00 Loan Type: O

TD Due Date: 07/01/2025 Type of Financing:

Lender Name: OPUS BANK

Lender Type: Bank Borrowers Name: 3207 TELEGRAPH AVE LLC,

Vesting: N/A

Legal Description: Lot Number: 1Block: 2043Subdivision: ROWLAND TRACT

Prior Transfer - 06/10/2014


Price: $645,000.00 Document Type: Grant Deed

First TD: $434,000.00 Type of Sale: Sales Price Rounded from Tax

First TD Doc: 2014138990

Lender Name: SECURITY FINANCIAL SERVICES

Buyer Name: 3207 TELEGRAPH AVE LLC, Buyer Vesting: N/A

Seller Name: WILLIAMS JR, RUFUS L; RUFUS L WILLIAMS JR 2010 TRUST,

Legal Description: Lot Number: 1Block: 2043Subdivision: ROWLAND TRACTMap Ref: MAP5 PG26City / Muni / Twp: OAKLAND

Prior Transfer - 05/27/2010


Price: $0.00 Document Type: Intrafamily Transfer or Dissolution

First TD: $0.00 Type of Sale: Non-Arms Length Transfer

Lender Name:

Buyer Name: WILLIAMS JR, RUFUS L; RUFUS L WILLIAMS JR 2010TRUST,

Buyer Vesting: Trust

Seller Name: WILLIAMS, RUFUS L; WILLIAMS JR, RUFUS L

Legal Description: Lot Number: 1Block: 2043Subdivision: THE ROWLAND TRACTMap Ref: MAP5 PG26City / Muni / Twp: OAKLAND

Property History 3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

Mortgage Record - 05/01/2007


Loan Amount: $230,000.00 Loan Type: O

TD Due Date: 05/01/2037 Type of Financing:

Lender Name: BAYVIEW FINANCIAL SMALL BALANCE FUNDING

Lender Type: *N Borrowers Name: WILLIAMS,RUFUS L

Vesting: N/A

Legal Description: Lot Number: 1Block: 2043Subdivision: ROWLAND TRACTCity / Muni / Twp: OAKLAND

Comparable Sales Data 3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

1: 5324 COLLEGE AVE

3: 1759 BROADWAY

5: 3649 MARTIN LUTHER KING JR WAY

7: 2290 SAN PABLO AVE

9: 1441 FRANKLIN ST

11: 1741 BROADWAY

2: 375 12TH ST

4: 509 SYCAMORE ST

6: 1500 BROADWAY

8: 333 17TH ST

10: 2147 BROADWAY

12: 3717 TELEGRAPH AVE

Area Sales Analysis

Total Area Sales 12 Median # of Bedrooms 0

Median Lot Size 5,250 Median # of Baths 0

Median Living Area 13,750 Median Year Built 1920

Price Range - 2 Yrs $540,000.00 to $36,600,000.00 Age Range 91 to 119

Median Value $3,730,000.00 Median Age 97


3207 TELEGRAPH AVE LLC3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

APN: 9-716-5 - ALAMEDA COUNTY

Address Date Price $/SF Bld/Area RM/BR/Bth YB Lot Pool Proxim.

1 5324 COLLEGE AVE 05/26/2017 $1,225,000.00 $308.00 3970 0/0/0 1684 1.49

Site Address: OAKLAND, CA 94618-1448 APN: 14-1249-55

Doc Type: Grant Deed Document #: 2017116060

Price Code: R Use Code: Comm/Ofc/Res Mixed Use

Buyer Name: BAVAFA, HOSEIN S Seller Name: SHATKIN, ROSETTA

Loan Amount: Lender Name:

Legal: Lot Number: 2 1

Map Ref: MB9 PG63City/Muni/Twp: OAKLANDSubdivision Name: BROADWAY TERRACE


2 375 12TH ST 05/16/2017 $3,500,000.00 $250.00 14000 0/0/0 10000 1.33




Buyer Name: TWELVE OAKS INVESTMENT LLC Seller Name: WONG, BARRY - WONG, LENA C


Legal: Lot Number: 10-13

Map Ref: MB1 PG21City/Muni/Twp: OAKLANDSubdivision Name: KELLERSBERGERS MAP OF OAKLAND


3 1759 BROADWAY 12/30/2016 $4,570,000.00 $362.00 12600 0/0/0 4281 .94




Buyer Name: CAPISTRANO GARDEN INVESTMENTS INC Seller Name: KMTJ INVESTMENTS LP


Legal: Lot Number: 4

Map Ref: MAP3 PG28City/Muni/Twp: OAKLANDSubdivision Name: MAP OF FOUNTAIN PLACE



4 509 SYCAMORE ST 12/20/2016 $3,960,000.00 $293.00 13500 0/0/0 1920 5000 .43




Buyer Name: OAK 509 SYCAMORE STREET PROPERTY LLC Seller Name: 509 SYCAMORE LLC



Map Ref: MB1 PG179City/Muni/Twp: OAKLANDSubdivision Name: KELSEY TRACT


5 3649 MARTIN LUTHER KING JR WAY 12/02/2016 $980,000.00 $189.00 5173 8/0/0 1902 5000 .38




Buyer Name: EDR HOLDING LLC Seller Name: CHAN, KA K - CHAN, JANE F



Map Ref: MB7 PG66City/Muni/Twp: OAKLANDSubdivision Name: APGAR TRACT


6 1500 BROADWAY 11/23/2016 $36,600,000.00 $413.00 88530 0/0/0 1925 23770 1.09

Site Address: OAKLAND, CA 94612-2002 APN: 8-622-5-1



Buyer Name: HIGHBRIDGE OAKLAND LLC Seller Name: GSR 1500 BROADWAY PARTNERS LLC


Legal:City/Muni/Twp: OAKLANDSubdivision Name: WITCHERS MAP



7 2290 SAN PABLO AVE 09/26/2016 $540,000.00 $229.00 2348 0/0/0 1898 2313 .65




Buyer Name: JONES, STANTON WESLEY Seller Name: SILVEIRA, BRIAN L - SILVEIRA, WILLIAM


Legal:City/Muni/Twp: OAKLAND


8 333 17TH ST 09/07/2016 $6,388,000.00 $348.00 18320 0/0/0 1926 10212 1.09




Buyer Name: THE HOWDEN BUILDING OAKLAND LLC Seller Name: THE HOWDEN BUILDING INVESTORS



Map Ref: DD28 PG114City/Muni/Twp: OAKLANDSubdivision Name: LANDER & THE CASSERLY TRACTS


9 1441 FRANKLIN ST 06/23/2016 $2,950,000.00 $158.00 18670 0/0/0 1925 4825 1.15




Buyer Name: 360 VENTURES VII LLC Seller Name: NEW EMPIRE INVESTMENT LLC



Map Ref: MB3 PG32City/Muni/Twp: OAKLANDSubdivision Name: THE SCHROEDER TRACT



10 2147 BROADWAY 06/07/2016 $16,000,000.00 $647.00 24694 0/0/0 12351 .71




Buyer Name: WL BROADWAY OWNER LLC Seller Name: HAWAIIAN PALM LP


Legal: Lot Number: 16 17

Map Ref: DD36 PG173City/Muni/Twp: OAKLANDSubdivision Name: WILCOX PLACE


11 1741 BROADWAY 05/26/2016 $6,958,500.00 $415.00 16730 0/0/0 7556 .96




Buyer Name: HPN 1741 BROADWAY LLC Seller Name: 360 VENTURES V LLC


Legal:Map Ref: MB3 PG28City/Muni/Twp: OAKLANDSubdivision Name: FOUNTAIN PLACE


12 3717 TELEGRAPH AVE 04/22/2016 $1,000,000.00 $186.00 5356 0/0/0 1900 5500 .35




Buyer Name: THE THAMKUL REVOCABLE TRUST Seller Name: FIRST AFRICAN METHODIST EPISCOPAL CHURCH


Legal:City/Muni/Twp: OAKLAND

Summary Comparables 3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

3207 TELEGRAPH AVE LLC3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

APN: 9-716-5 - ALAMEDA COUNTY

Year Built: 1941 Lot: 5,000 SF Bld/Area: 46964 Pool: RM/BR/Bth: /0/0

# Address Date Price $/SF Bld/Area RM/BR/Bth YB Lot Pool Proxim.

1 5324 COLLEGE AVE 05/26/2017 $1,225,000.00 $308.00 3,970 0/0/0 1684 1.49

2 375 12TH ST 05/16/2017 $3,500,000.00 $250.00 14,000 0/0/0 10000 1.33

3 1759 BROADWAY 12/30/2016 $4,570,000.00 $362.00 12,600 0/0/0 4281 .94

4 509 SYCAMORE ST 12/20/2016 $3,960,000.00 $293.00 13,500 0/0/0 1920 5000 .43

5 3649 MARTIN LUTHER KING JR WAY 12/02/2016 $980,000.00 $189.00 5,173 8/0/0 1902 5000 .38

6 1500 BROADWAY 11/23/2016 $36,600,000.00 $413.00 88,530 0/0/0 1925 23770 1.09

7 2290 SAN PABLO AVE 09/26/2016 $540,000.00 $229.00 2,348 0/0/0 1898 2313 .65

8 333 17TH ST 09/07/2016 $6,388,000.00 $348.00 18,320 0/0/0 1926 10212 1.09

9 1441 FRANKLIN ST 06/23/2016 $2,950,000.00 $158.00 18,670 0/0/0 1925 4825 1.15

10 2147 BROADWAY 06/07/2016 $16,000,000.00 $647.00 24,694 0/0/0 12351 .71

11 1741 BROADWAY 05/26/2016 $6,958,500.00 $415.00 16,730 0/0/0 7556 .96

12 3717 TELEGRAPH AVE 04/22/2016 $1,000,000.00 $186.00 5,356 0/0/0 1900 5500 .35

Neighborhood Overview 3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

Nearby Neighbors

3207 TELEGRAPH AVE LLC

3207 TELEGRAPH AVE , OAKLAND , CA , 94609

APN: 9-716-5

Bedrooms: 0 Bathrooms:

Square Feet: 46,964 Lot Size: 5,000 SF

Year Built: 1941 Garage:

UNITEX AMERICA INC


APN: 9-716-4

Bedrooms: 4 Bathrooms: 2



GAVETTE PETER J & SANDY CLARE S

516 32ND ST , OAKLAND , CA , 94609

APN: 9-716-6




KRESPI MICHELLE


APN: 9-716-3




PERRY CURTIS J & KIMBERLY J


APN: 9-715-1


Square Feet: Lot Size: 4,012 SF

Year Built: Garage:

HOUSING AUTHORITY OF THE CITY OF OAKLAND

522 32ND ST , OAKLAND , CA , 94609

APN: 9-716-7


Square Feet: Lot Size: 5,573 SF

Year Built: Garage:

NAM MAUREEN


APN: 9-716-2




YORBA JO A & HEGARTY ROSALIE


APN: 9-715-2




DEVERS RALPH C & KAMAU-DEVERS GACHIRU L

517 32ND ST , OAKLAND , CA , 94609

APN: 9-715-50




ABRAMS ELLIOTT

505 33RD ST , OAKLAND , CA , 94609

APN: 9-716-53




Neighborhood Overview 3207 TELEGRAPH AVE, OAKLAND, CA 94609-3015

MCELHANEY GLARENCE A JR & GIBSON LYNETTE V

526 32ND ST , OAKLAND , CA , 94609

APN: 9-716-8



Year Built: 1897 Garage: G

YANOVSKY ROSTISLAV & HUNT SALLY G TRS


APN: 9-715-3



Year Built: 1910 Garage: G

KAI LORENA TR

507 33RD ST , OAKLAND , CA , 94609

APN: 9-716-52




GREER GREGORY C & JAFFE JILL F TRS


APN: 9-716-1




FRENCH BOBBIE L & WILLIE J

521 32ND ST , OAKLAND , CA , 94609

APN: 9-715-49




This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land,and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Companydoes not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

LIMITATIONS OF LIABILITY

THIS REPORT IS LIMITED IN SCOPE. IT IS NOT A COMMITMENT, ABSTRACT OF TITLE, TITLE OPINION, CERTIFICATE OF TITLE OR PRELIMINARY TITLEREPORT, NOR IS IT A REPRESENTATION OF THE STATUS OF TITLE, AND ITS ACCURACY IS NOT INSURED. WHILE THIS INFORMATION IS BELIEVED TO BECORRECT, THE COMPANY MAKES NO REPRESENTATIONS AS TO ITS ACCURACY, DISCLAIMS ANY WARRANTIES AS TO THE REPORT, ASSUMES NO DUTIESTO YOU OR ANY THIRD PARTY, DOES NOT INTEND FOR YOU OR ANY THIRD PARTY TO RELY ON THE REPORT, AND ASSUMES NO LIABILITY FOR ANY LOSSOCCURRING BY REASON OF RELIANCE ON THIS REPORT OR OTHERWISE. IN PROVIDING THIS REPORT, THE COMPANY IS NOT ACTING AS AN ABSTRACTOROF TITLE. IF IT IS DESIRED THAT LIABILITY BE ASSUMED BY THE COMPANY, YOU MAY REQUEST AND PURCHASE A POLICY OF TITLE INSURANCE, ABINDER, OR A COMMITMENT TO ISSUE A POLICY OF TITLE INSURANCE. NO ASSURANCE IS GIVEN AS TO THE INSURABILITY OF THE TITLE. CUSTOMERRECOGNIZES THAT THE FEE CHARGED IS NOMINAL IN RELATION TO THE POTENTIAL LIABILITY WHICH COULD ARISE FROM SUCH ERRORS, OMISSIONS ORNEGLIGENCE. THEREFORE, CUSTOMER UNDERSTANDS THAT THE COMPANY IS NOT WILLING TO PROCEED IN THE PREPARATION AND ISSUANCE OF THEREQUESTED REPORT UNLESS THE COMPANY’S LIABILITY IS STRICTLY LIMITED. CUSTOMER AGREES, AS PART OF THE CONSIDERATION FOR THE ISSUANCEOF THE REPORT, THAT THE TOTAL AGGREGATE LIABILITY OF THE COMPANY AND ITS AGENTS, SUBSIDIARIES, AFFILIATES, EMPLOYEES ANDSUBCONTRACTORS SHALL NOT IN ANY EVENT EXCEED THE COMPANY’S TOTAL FEE FOR THE REPORT. IN NO EVENT WILL THE COMPANY, ITSSUBSIDIARIES, AFFILIATES, EMPLOYEES, SUBCONTRACTORS OR AGENTS BE LIABLE FOR CONSEQUENTIAL, INCIDENTAL, DIRECT, INDIRECT, PUNITIVE,EXEMPLARY OR SPECIAL DAMAGES REGARDLESS OF WHETHER SUCH LIABILITY IS BASED ON BREACH OF CONTRACT, TORT, NEGLIGENCE OF THECOMPANY, STRICT LIABILITY, BREACH OF WARRANTIES, FAILURE OF ESSENTIAL PURPOSE, OR OTHERWISE.

This property profile is being provided as a general service to the community at large without the condition of the referral of title insurance business.

Nick Myerhoff415.812.4450BRE# 01866318

Email: [email protected]: www.BayApartmentBroker.comYouTube: BayApartmentBrokerTwitter: @hooverhoffFacebook: BayApartmentBroker

Nick Myerhoff, Owner Broker, CNEMyerhoff & Associates, Inc.

909 Marina Village Parkway #182Alameda, CA 94501

www.BayApartmentBroker.com/listings

TELEGRAPH CORNER OFFERED AT$1,575,0003207 TELEGRAPH, OAKLAND

6 UNITS

H Corner Commercial Unit H Huge Penthouse Flat H 8% Total Return Day One

TELEGRAPH CORNER, OAKLAND MYERHOFF & ASSOCIATES | 2

PROPERTY FEATURES AND DESCRIPTION

PROPERTY DESCRIPTION

Telegraph Corner is a fantastic six-unit, mixed-use property situated in the Pill Hill neighborhood of Oakland, California. This gorgeous Victorian gem consists of two studios, two 1-bedroom units, a massive full-floor 2-bedroom penthouse, and a ground-floor commercial unit. All of the residential units but the penthouse have been remodeled with granite countertops and new appliances, designer tile, new fixtures, and refinished hardwood or pergo floors.

Much of the interior has original period detailing, coved ceilings, and light-filled rooms. The stately Victorian structure sprawls across an oversized corner lot and is graced with original redwood siding shingles and a circular turret. There is gated parking for 5 cars as well as a private yard.

FOR SALE $1.575M

H 5% Cap Rate

H Excellent Value at $284/sqft

H Outstanding Pill Hill Location

H New Kitchens and Baths

H Gated Parking for 5 Cars

H Walk to Bart

“I felt that Nick had our best interest in mind throughout

the transaction.”

Roger B. - Oakland

“I have to admire the way you work Nick. You are very

concise and thorough”

Andonis Torres, San Francisco

“You seem to have more ener-gy and just work harder than

the other brokers”

Lillie Jue, El Cerrito

The subject property has been substantially renovated inside and out. Much of the original siding has been restored, new dual pane windows installed, new asphalt in the parking area and security gating all around. The commercial tenant has a new Metro PCS store which has revitalized and anchored the corner storefront.

FEATURES & CONDITION

WALKER’SPARADISE

Daily errands do not require a car.

Transit is convenient for most trips.

Flat as pancake, excellent bike

lanes.

EXCELLENTTRANSIT

BIKER’S PARADISE

3207 TELEGRAPH


PROPERTY LOCATION AND SITE SURVEY

3207 TELEGRAPH AVE, OAKLAND, CA 94609Type: Mixed UseAPN: 9-716-5Block: 2043, Lot 1Residential Units: 5Commercial Units: 1Zoning: CC-2 Community CommercialDensity: 550 Sq.Ft. Year built: 1941Construction: Wood frame

Foundation: ConcreteMeters: 5 electric, 2 gas, 1 waterRoof: Composite shingle 2014Square Feet: 5,536Lot Size: 5,000No of Stories: 3

PROPERTY LOCATIONLocated in the Pill Hill neighborhood of Oakland, California just 5 blocks from the new MaCarthur BART transit village. Walking distance to Uptown, Fox, and Paramount theaters and numerous restaurants and bars. The location is first-rate and extremely desirable for tenants and high income professionals working in San Francisco. This property is perfect for a first time buyer, owner operator, or an investor looking for cash flow.

PARTIAL CAPITAL IMPROVEMENT LISTNew kitchens and bathrooms and complete renovation of interior of 4 of the 6 units. Most units have new double-pane windows and laminate or refinished hardwood floors. New plumbing, electric, and new tankless water heaters. New asphalt side yard and electric gated parking. New paint inside and new roof in 2015. Master key system and private landscaped yard.

3207 TELEGRAPH

HOSPITAL

LAKE MERRITT

880 FREEWAY

JACK LONDON SQUARE

DOWNTOWNOAKLAND

ALAMEDA

580 FREEWAY

980 FREEWAY


1 375 12th St SOLD

002-0057-011-00

Oakland, CA 94607Sale Date:

Pro Forma CapRate:

Price/SF:Sale Price:

Actual Cap Rate:

$250.00$3,500,000 - Confirmed05/16/2017 (96 days on mkt) Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Confirmed

RetailStorefront Retail/Residential-14,000 SF

Alameda County

Research Status:Sale Conditions: High Vacancy PropertyComp ID: 3933123

2 1759-1763 Broadway SOLD

008-0640-004-00


Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

6.00%-

Parcel No:

Confirmed

Class C OfficeBuilt 1940 Age: 7612,600 SF

Alameda County

Research Status:Sale Conditions: 1031 ExchangeComp ID: 3819184

3 5322-5326 College Ave SOLD

014-1249-055-00


Pro Forma CapRate:


Actual Cap Rate:

$617.13$1,225,00005/26/2017 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Research Complete

RetailStorefront Retail/Residential-3,970 SF

Alameda County

Research Status:Sale Conditions: Partial Interest Transfer (50.00%)Comp ID: 3935808

4 1441 Franklin St SOLD

008-0621-007-00


Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-3.72%

Parcel No:

Confirmed

Class C OfficeBuilt 1925 Age: 9118,670 SF

Alameda County

Research Status:Sale Conditions: Deferred MaintenanceComp ID: 3653435

5 3647-3651 Martin Luther King Jr Way SOLD

012-0947-001-00


Pro Forma CapRate:


Actual Cap Rate:

$85.37$980,00012/02/2016 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

RetailStorefront Retail/ResidentialBuilt 1920 Age: 9611,480 SF

Alameda County

Research Status:Sale Conditions: -Comp ID: 3797759

6 509 Sycamore St SOLD

008-0676-001-00


Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

--

Parcel No:

Confirmed

RetailStorefront Retail/ResidentialBuilt 1920 Age: 9613,500 SF

Alameda County

Research Status:Sale Conditions: -Comp ID: 3797101

COMPS


The subject property offers a new owner the opportunity to buy into one of the hottest real estate markets worldwide in a rapidly globalizing city. For the past three years, Oakland has consistently ranked in the top 5 for appreciation and rent growth within the U.S.

Oakland is home to the Warriors, the Raiders, and the A’s, and is a port city with an international airport and an extremely diverse job force.

There is a housing crisis that will continue to ensure high rent demand in this sub-market, particularly due to the proximity to BART.

THE OPPORTUNITY

ANNUALIZED PROFORMA FINANCIALS

PROPERTY PRICING AND FINANCIAL ANALYSIS

RENT ROLL

PROFORMA VALUE INDICATORS

Current Market

Cap Rate 5.13% 7.37%

GRM 13.25 10.12

Price/Unit $262,500 $262,500

Price/Sq. Ft. $280 $280

Cash on Cash 4.47% 10.88%

Principal Pay down yr 1 $19,300 $19,300

Combined Return $43,920 $79,272

Total Return 7.97% 14.38%

Unit Unit Type SqFt Current Market

3207 Tel. 2BR 1,311 $1,260 $2,950

3205 Tel. Lg Studio 600 $1,375 $1,650

502 32nd St 1 bd 1 ba 650 $1,789 $1,850

504 32nd St Small 1bd 475 $1,495 $1,550

506 32nd St Studio sm 341 $1,395 $1,450

3201 Tel. Commercial 2,185 $2,439 $2,900

TOTAL 5,562 $9,753 $12,350

Parking 3205 $75 $125

Parking 502 $75 $125

Parking 504 $125

Parking 506 $125

Parking 3207 $125

TOTAL PARKING $150 $625

Expense and Loan Notes:

Property taxes est. new at 1.34%Special assessments 3 year averageLicense est. on current gross rentsInsurance actual 2017EBMUD actual 2017 annualizedWM actual 2017 annualizedPG&E 2017 annualized*Expenses are unusually low due to commercial tenant*Loan assumes 3.65% 5 year fixed, 30 year amortization*Loan quote provided by Will Craun Opus Bank

Current Market

Rental Income $117,036 $148,200

Parking $1,800 $7,500

Scheduled Gross Income $118,836 $155,700

Vacancy @3% $3,565 $4,671

Effective Gross Income $115,271 $151,029

Less Operating Expenses

Property Taxes ($21,105) ($21,105)

Special assessments ($4,824) ($4,824)

License ($1,521) ($1,927)

Insurance ($3,231) ($3,231)

EBMUD ($1,650) ($1,650)

Garbage ($1,716) ($1,716)

Gas & Electric ($456) ($456)

Total Operating Expenses ($34,503) ($34,909)

Net Operating Income $80,768 $116,120

Exp. % of EGI 30% 23%

Exp. per unit $5,751 $5,818

Purchase Price $1,575,000 $1,575,000

Down Pmt @ 35% ($551,250) ($551,250)

New 1st loan @ 3.65% $1,023,750 $1,023,750

NOI $80,768 $116,120

Annual Debt Service ($56,148) ($56,148)

Cash Flow $24,620 $59,972


Nick Myerhoff has been helping investors manage and grow their commercial real estate portfolios for over fifteen years. He has completed numerous complex transactions including condo-conversions in San Francisco, REO and distressed sales in Oakland, 1031 exchanges and broken condo transfers. Nick also owns and manages his own portfolio of investment properties of nearly 100 units, primarily in Oakland. A vast network of lenders, managers, and contractors along with a stellar team of virtual assistants and private consultants make Nick an excellent resource for Real Estate investors in the Bay Area. Please give him a call at 415-812-4450 about this and other properties, off market, that are available now.

Nick MyerhoffBRE# 01866318

Phone: 415.812.4450Email: [email protected]: www.BayApartmentBroker.com BayApartmentBroker @hooverhoff BayApartmentBroker

The information contained herein is proprietary, strictly confidential and to be used for marketing purposes only. Buyers are advised to conduct their own investigations and not rely solely uponany information contained herein. Myerhoff & Associates, Inc. and the Sellers make no express or implied representation or warranty as to the accuracy or completeness of any of the information contained herein. This Confidential Offering Memorandum may not be photocopied, reproduced, or distributed to others at any time without the prior written consent of Myerhoff & Associates, Inc.

DISCLAIMER

PROPERTY PHOTO GALLERY

Financials

***Remarks***

Showing & Listing Information

Property Features:

Units

Provided By: CalBRE:

***Confidential Remarks***

©BEAR, CCAR, bridgeMLS. Based on information from Bay East and Contra Costa Association of REALTORS® and bridgeMLS. All data, including all measurements and calculations ofarea, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties mayor may not be listed by the office/agent presenting the information.

Area:MLS#:List Date: Off Mkt Date:Pend Date: Sold Date:

Sold $:

DMLS: CDOMLS:

Directions: Cross Street:

D/N/S: Age:# Units: $/SqFt:Census Tract:

Tot Bld SqFt:Lot Desc:

Tot Prk Spc: OnSite Park:

Unit Descriptions# This Type:BR/Baths:Appx Sq Ft:Avg Rent/Occ:# Prk Spc/Dr:AC/Frpl:Refrig/Range:All Units Have: Some Have: UnitsOther:

Unit #1 Unit #2 Unit #3 Unit #4 Unit #5

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1st Loan #:

Financial Annual

1st Remaining Yrs: Rate %: Apx Equity:Other Loans: Cap Rate: Gross Rent Multiplier: Total Deposits:Existing Loan:

Source of Inc/Exp:Operational Exp:

Tot Operating Exp: Rent Inc: Misc Inc: Vacancy Amt: Gross Oper Inc:Gross Sched Inc: Gross Income: Net Oper Inc: Taxes: Maint Exp:Util Exp: Other Exp: Insurance Exp: Mgmt Exp: License Exp:

Listing Type: Listing Service: CSO: Comp Type: City Transfer Tax: APN:Special Info: Dual/Variable: Point of Sale Ord: Zoning: Terms:Disclosures: Possession: Occupied By: Occ Req 24Hr:Occ Name: Occ Phone: Mgr Unit: Supra Box? Lockbox Location:Showing:Listing Agt: LABRE#:

Listing Broker BRE#:Selling Agt:Orig List Price: Last List Price: Sold Price:

Selling Agt BRE#:Sale $/Orig $: Sale $/Last…

Sale $/SF: Concessions: # of Offers:

Print/Email:

List Price: $1,575,000

3207 Telegraph Ave CA9460940803000

11/6/2017

8 8

Telegraph E. to 32nd 32nd Street

766 $285

05,536

5

2 2 1 1St

41013751

1650

17891

2 11300

12601

21852439

5.13% 13.25 $8,837

$34,503 $117,000 $1,800 3 $118,836$118,836 $118,836 $80,768 $21,105 $9,999

$3,822 $9,999 $3,321 $0 $1,521

2.5 97165

11/9 1112:30,11/12 23:30,11/30 111,…NICHOLAS A MYERHOFF NICHOLAS MYERHOFF, BROKER Off: 4158124450 01866318

01866318$1,575,000 $1,575,000

NICHOLAS A MYERHOFF 01866318

Showing 11/9 1112:30,11/12 23:30,11/30 111,12/3 2330 Offers by noon 12/6. Email broker for marketing and disc. package. Excellent value at $280/sqft.Easy to manage, perfect for new investor or exchange buyer. Older building but fantastic location new MacArthur BART transit village. New commercialtenant Metro PCS store on 3 yr lease then to market. Excellent tenant, pays large portion of expenses. Possible dev. opportunity w/ parking waiver, chk w/city. Excellent zoning CC2.

Outstanding Pill Hill location, upside in huge top floor penthouse. Most units renovated w/ new kitchens and baths, tankless w/h. Gated parking w/ newasphalt stripes and motor, sewer lat compliant. Entire roof replacement in 2014. Very low expenses, 1 commercial unit fronting Telegraph Ave. Listing brokerhas ownership interest.

1 1

OAKLAND

T

Y Y

T

Y Y

T

YY Y

T

Excl Age… Full Service % YesNone Yes Yes

Tenant YNo

CornerSpaces Assig…

Refrigerator Dishwasher, Disposal, Patio…

ARMEstimated, …Electric, Gas, Insurance, License/Ads, Property Tax/Assessments, Utilities, Vacancy Factor, Water

ConventionalRent Control Tenant's Rights

© 2017 HERE,© 2017 MicrosoftCorporation

11/14/2017

Active

COMM RI MULTIUNITS 5+

Lowrise (13 Flrs)

2609

BASEMENT Storage AreaROOF Composition ShinglesSEPARATE METERS Electric, Gas, WaterFLOORING Hardwood Floors, Laminate, TileHEATING Wall FurnaceCOOLING None

EQUIPMENT ADDITIONAL Tankless Water HeaterADDTL FEATURES MISC. Balcony/Patio, GardenINSPECTION REPORTS AVAIL HomeEXTERIOR Wood Shingles, Wood SidingWATER/SEWER Water PublicTENANT PAYS Cable TV, Parking

2017-2018 INTERNET COPYFor Fiscal Year Beginning July 1, 2017 and Ending June 30, 2018

ALAMEDA COUNTYSECURED PROPERTY TAX STATEMENT

1221 Oak Street, Room 131Oakland, California 94612-4285

Parcel Number Tracer Number Tax-Rate Area Special Handling9-716-5 02220100 17-042

Location of Property3207 TELEGRAPH AVE, OAKLANDAssessed to on January 1, 2017

ASSESSEE NAME AND ADDRESS ARE NOT AVAILABLE ONLINEPER CA GOV CODE §6254.21

THIS IS NOT AN OFFICIAL BILL

Fixed Charges and/or Special AssessmentsDescription Phone Amount

MOSQUITO ABATEMENT CSA PARAMEDIC CSA VECTOR CONTROL CITY EMERG MEDICAL CITY PARAMEDIC SRV SCHOOL MEASURE G PERALTA CCD MEAS B * OUSD MEASURE N * OUSD MEASURE G1 VIOLENCE PREV TAX KOREATOWN BID SFBRA MEASURE AA FLOOD BENEFIT 12 CSA VECTOR CNTRL B MOSQUITO ASSESS 2 AC TRANSIT MEAS VV CITY LIBRARY SERV EBMUD WETWEATHER * EAST BAY TRAIL LLD CITY LANDSCP/LIGHT

* Possible Sr Exemption - Call Agency

800-273-5167800-441-8280800-273-5167510-238-2942510-238-2942510-879-8884800-792-8021510-879-8884510-879-8884510-238-2942510-238-3201888-508-8157510-670-6615800-273-5167800-273-5167800-273-5167510-238-2942866-403-2683888-512-0316510-238-2942

1.74126.9214.4028.8022.92

195.0048.00

120.00120.00143.40

7,837.9812.0032.00

2.041.24

96.00138.2698.80

5.44299.62

Total Fixed Charges and/or Special Assessments 9,344.56

Tax Computation WorksheetDescription Full Valuation x Tax Rate = Tax Amount

LANDIMPROVEMENTSFIXTURESTOTAL REAL PROPERTYPERSONAL PROPERTYGROSS ASSESSMENT & TAXHOMEOWNERS EXEMPTIONOTHER EXEMPTIONNET ASSESSMENT AND TAX

316,872364,402

681,274

681,274

681,274

1.3486 %

1.3486 %

9,187.66

9,187.66

9,187.66

First Installment Second Installment Total Amount Due$ 9,266.11 $ 9,266.11 $ 18,532.22

SECOND INSTALLMENT PAYMENT, 2017-2018PARCEL NO. 9-716-5TRACER NO. 022201002 INTERNET COPY

THIS AMOUNT DUE FEB 1, 2018 ==> $ 9,266.11

Pay this amount after APRIL 10, 2018(This includes delinquent penalty of 10%and $10.00 cost)

$ 10,202.72

Amounts Not Valid AfterJune 30, 2018

Make checks payable to: Henry C. Levy, Tax Collector, Alameda County

02018 7022201002 5000926611 00000000

FIRST INSTALLMENT PAYMENT, 2017-2018PARCEL NO. 9-716-5TRACER NO. 022201001 INTERNET COPY

THIS AMOUNT DUE NOV 1, 2017 ==> $ 9,266.11Pay this amount after DECEMBER 10, 2017(This includes delinquent penalty of 10%)

$ 10,192.72

Amounts Not Valid AfterJune 30, 2018

$ 18,532.22Make checks payable to: Henry C. Levy, Tax Collector, Alameda County

02018 9022201001 5000926611 00000000

Tax-Rate BreakdownTaxing Agency Tax Rate Tax Amount

VOTER APPROVED DEBT SERVICE:COUNTYWIDE TAX

CITY OF OAKLAND 1SCHOOL UNIFIEDSCHOOL COMM COLLBAY AREA RAPID TRANSITEAST BAY REGIONAL PARKEBMUD SPEC DIST 1

1.0000 %

0.2045 %0.1015 %0.0310 %0.0084 %0.0021 %0.0011 %

6,812.74

1,393.21691.49211.1957.2314.31

7.49

TOTAL 1.3486 % 9,187.66

Please Read Important Messages

A fee of $61.00 will be imposed on all returned ordishonored payments.

ECheck accepted online through June 30, 2018@http://www.acgov.org/propertytax/.

Visa, Mastercard, Discover, or American Express creditcards accepted by phone (510)272-6800 or online@http: / /www.acgov.org/propertytax/ , mob i [email protected]/mobile/apps/ through June 30, 2018. Aconvenience fee equal to 2.5% of the tax amount due willbe added to your total payment.

Subscribe to receive email alerts about important propertytax dates online @http://www.acgov.org/propertytax/.

This bill is as of October 31, 2017 6:26 AM and may notinclude pending payments and roll corrections.

Please See Reverse For More Information

Tax Collector's OfficePayment Questions/Credit Card Payments(510) 272-6800

Assessor's OfficeValuation/Exemption(510) 272-3787 (510) 272-3770

Henry C. Levy, Treasurer and Tax Collector

2015-2016 INTERNET COPYFor Fiscal Year Beginning July 1, 2015 and Ending June 30, 2016

ALAMEDA COUNTYSECURED PROPERTY TAX STATEMENT

1221 Oak Street, Room 131Oakland, California 94612-4285

Parcel Number Tracer Number Tax-Rate Area Special Handling9-716-5 02217400 17-042

Location of Property3207 TELEGRAPH AVE, OAKLANDAssessed to on January 1, 2015

ASSESSEE NAME AND ADDRESS ARE NOT AVAILABLE ONLINEPER CA GOV CODE §6254.21

THIS IS NOT AN OFFICIAL BILL

Fixed Charges and/or Special AssessmentsDescription Phone Amount

MOSQUITO ABATEMENTCSA PARAMEDICCSA VECTOR CONTROLCITY EMERG MEDICALCITY PARAMEDIC SRVSCHOOL MEASURE GPERALTA CCD MEAS BOUSD MEASURE NVIOLENCE PREV TAXKOREATOWN BIDFLOOD BENEFIT 12CSA VECTOR CNTRL BMOSQUITO ASSESS 2AC TRANSIT MEAS VVCITY LIBRARY SERVEBMUD WETWEATHEREAST BAY TRAIL LLDCITY LANDSCP/LIGHT

800-273-5167800-441-8280800-273-5167510-238-3704510-238-3704510-879-8884800-792-8021510-879-8884510-238-3704510-238-3201510-670-5762800-273-5167800-273-5167877-299-1190510-238-3704510-287-0275800-676-7516510-238-3704

1.74119.1214.4027.2621.70

195.0048.00

120.00135.70

1,364.7432.00

2.041.24

96.00130.8289.62

5.44299.62

Total Fixed Charges and/or Special Assessments 2,704.44

Tax Computation WorksheetDescription Full Valuation x Tax Rate = Tax Amount

LANDIMPROVEMENTSFIXTURESTOTAL REAL PROPERTYPERSONAL PROPERTYGROSS ASSESSMENT & TAXHOMEOWNERS EXEMPTIONOTHER EXEMPTIONNET ASSESSMENT AND TAX

305,994351,893

657,887

657,887

657,887

1.3654 %

1.3654 %

8,982.78

8,982.78

8,982.78

First Installment Second Installment Total Amount Due$ 5,843.61PAID $ 5,843.61PAID $ 11,687.22

SECOND INSTALLMENT PAYMENT, 2015-2016PARCEL NO. 9-716-5TRACER NO. 022174002 INTERNET COPY

THIS AMOUNT DUE FEB 1, 2016 ==> PAID $ 5,843.61

Pay this amount after APRIL 10, 2016(This includes delinquent penalty of 10%and $10.00 cost)

PAID APR 5, 2016

FIRST INSTALLMENT PAYMENT, 2015-2016PARCEL NO. 9-716-5TRACER NO. 022174001 INTERNET COPY

THIS AMOUNT DUE NOV 1, 2015 ==> PAID $ 5,843.61Pay this amount after DECEMBER 10, 2015(This includes delinquent penalty of 10%)

PAID DEC 3, 2015

Tax-Rate BreakdownTaxing Agency Tax Rate Tax Amount

VOTER APPROVED DEBT SERVICE:COUNTYWIDE TAX

CITY OF OAKLAND 1SCHOOL UNIFIEDSCHOOL COMM COLLBAY AREA RAPID TRANSITEAST BAY REGIONAL PARKEBMUD SPEC DIST 1

1.0000 %

0.1651 %0.1539 %0.0337 %0.0026 %0.0067 %0.0034 %

6,578.87

1,086.151,012.49

221.7117.1144.0822.37

TOTAL 1.3654 % 8,982.78

Please Read Important Messages

A fee of $61.00 will be imposed on all returned ordishonored payments.

ECheck accepted online through June 30, 2016@http://www.acgov.org/propertytax/.

Visa, Mastercard, Discover, or American Express creditcards accepted by phone (510)272-6800 or online@http: / /www.acgov.org/propertytax/ , mob i [email protected]/mobile/apps/ through June 30, 2016. Aconvenience fee equal to 2.5% of the tax amount due willbe added to your total payment.

Subscribe to receive email alerts about important propertytax dates online @http://www.acgov.org/propertytax/.

This bill is as of October 31, 2017 6:33 AM and may notinclude pending payments and roll corrections.

Please See Reverse For More Information

Tax Collector's OfficePayment Questions/Credit Card Payments(510) 272-6800

Assessor's OfficeValuation/Exemption(510) 272-3787 (510) 272-3770

Donald R. White, Treasurer and Tax Collector

9/18/2017 Service Account Overview | Waste Management

https://www.wm.com/myaccount/account.do?action=forwardToDashboard&accountId=eU54TsrZwgLtPHL_CknGjQ==&actenc=true 1/1

Account OverviewCustomer ID 00014-12355-33001 | 3201 Tel Chambers

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