4535 52ND STREET ‐ SAN DIEGO, CA    ‐ 92115AN 8 UNIT MULTI FAMILY INVESTMENT OPPORTUNITY 

DAVE SAVAGE‐ ACI MARK MORGAN ‐ ACI(619) 300‐8090 (619) 300‐9070 AN 8‐UNIT MULTI‐FAMILY INVESTMENT OPPORTUNITY (619) 300 8090 (619) 300 9070

DRE# 00694099 DRE# 01339919

INVESTMENT SUMMARY UNIT MIX BREAKDOWN

ININVESTMENT SUMMARY UNIT MIX BREAKDOWNTALMADGE APARTMENTS

4535 52ND STREETSAN DIEGO, CA 92115

NVESTM

13%

Number of Units………………………………… 8Unit Size Average…………………………….. 905Net Rentable Square Feet…………………… 7,238Actual Rent / Unit……………………………. $1,519Actual Rent / Square Foot………………….. $1.68

MEN

T AN

25%

75%

2 Br 1.5 Ba

2 Br 2 Ba

2 Br 2.5 Ba

q $Year Built………………………………………. 1992

UNIT MIX SUMMARY

ND

UN

IT

Unit Type Units Unit Mix

2 Br 1.5 Ba 2 25%2 Br 2 Ba 5 63%

2 Br 2 5 Ba 1 13%

1,586

Square Feet Net Rentable SF

$1,450 $1.83 $2,900

1 217 $2 000 $1 64 $2 000

7938871217

Actual Rent / Unit Actual Rent / SF Monthly Rent

$1,450 $1.63 $7,2504,435

T MIX SU

2 Br 2.5 Ba 1 13%

Total 8 100%Weighted Average

1,217 $2,000 $1.64 $2,0001217

$12,150

* Property is reporting 100% physical occupancy.

UM

MAR

YY

OWNER'S UNIT @ 4535 52ND STREET IN TALMADGE

OWNER'S UNIT FEATURESOWNER'S UNIT FEATURES:

1,217 Square Feet Jetted Tub in Master Bath Huge Roof Deck above unit

2 Bedrooms & 2 1/2 Bathrooms Large Walk-In Closets Large Party Deck off of 2nd Bedroom

Washer & Dryer In Unit Skylights Throughout The Unit Video Security System

In Wall Speakers - All Rooms Marble Flooring in Living Room Dual Glazed Windows

Fireplace - Gas Large Open Gourmet Kitchen Security Roll Down Curtain in 2nd Bedroom

THE PROPERTY 4

9 Garages

9 Open Parking Spaces

Gated Property

4535 52N

Gated Property

1992 Construction

Condo Quality

R t l U id

ND

STRE

Rental Upside

Lush Landscaping

All 2 Bedroom Units

EET -8 U

APARTMENT INTERIORS

Spacious Units

UN

ITS IN

Private Patios/Balconies

Dishwashers

Fireplaces

N TALM

A

Vaulted Ceilings

ADG

E

# Units Zip8 92115

Current Market Current Market18.0 14.4 3.4% 4.7%

Parcel Size4535 52nd St. San Diego Talmadge 8 1992 9,374 sf

Address City Name Year Built

Price $/Unit$/Square Foot Gross Sq. Ft. GRM CAP Rate

(Approx.) (Approx.)$2,650,000 $331,250 $366.12 7,238 18.0 14.4 3.4% 4.7%

# Units Type Rent Total

2 2Br/1.5Ba $1,450 $2,9005 2Br/2Ba $1 450 $7 250 Advertising $0 $4 426

$2,650,000 $331,250 $366.12 7,238

Income Detail Estimated Annual Operating Expenses

Management (Off Site)5 2Br/2Ba $1,450 $7,250 Advertising $0 $4,4261 2Br/2.5Ba $2,000 $2,000 Gas & Electric $1,920 $0

Water & Sewer $5,760 Licenses & Fees $500Landscaping $1,200 Miscellaneous $0

Laundry & Misc Inc. $145 Insurance $1,600 Supplies $500Total Monthly Income $12,295 Legal/Accounting $0 Pool $0

Management (Off Site)Management (On Site)

Trash Removal $1,200 Pest Control $192Maintenance & Repairs $7,377 Taxes (New) $29,150

2 2Br/1.5Ba $1,795 $3,5905 2Br/2Ba $1,825 $9,1251 2Br/2.5Ba $2,250 $2,250 Total Annual Operating Expenses $53,825

Market

Expenses Per: Est. Sq. Ft. $7.44Laundry & Misc Inc. $350 Unit $6,728Total Monthly Income $15,315 % of GSI 36%

Current MarketGross Scheduled Income $147 540 $183 780 Proposed Financing: $1,590,000 Interest Rate: 3.50%

Estimated Annual Operating Proforma Financing Summary

Gross Scheduled Income $147,540 $183,780 Proposed Financing: $1,590,000 Interest Rate: 3.50%Less: Vacancy Factor 3% $4,426 $5,513Gross Operating Income $143,114 $178,267 Downpayment: $1,060,000 Debt Service Ratio: 1.45Less: Expenses 36.48% $53,825 $53,825 40%Net Operating Income $89,289 $124,441

Contact:Less: 1st TD Payments ($85,678) ($85,678)

Pre-Tax Cash Flow $3,611 $38,764davesavage777@gmail.com

Dave SavageACI Apartments

(619) 300-8090 Cell

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