The Paloma Palms is an 8 unit apartment community located in the up and coming Talmadge submarket of San Diego. Situated on a 5,747 square foot parcel the property consists of eight 527 square foot 1 Bed/1 Bath units. The subject property has eight on site parking spots and an on site laundry facility. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. The property is located 1/2 block north of El Cajon Blvd providing residents easy access to public transportation, shopping, and dining. Additionally, the property is approximately 2 miles from San Diego State University providing a convenient location for faculty and staff to call home. The Paloma Palms is a fantastic opportunity for an investor looking for a value add opportunity with solid rent growth moving forward.

Parking Spaces Total 8

Sq Ft Of Improvement 4216

Actual Cap Rate 3.71 Actual Cash Flow 59300 Actual Gardener Expense 3600 Actual Gas And Electric 1766 Actual Gross Operating Income 106157 Actual Gross Scheduled Income 109032.0 Actual Maintenance Expense 6800 Actual Operating Expense 46857 Actual Other Expense 1154 Actual Pest Control Expense 896 Actual Prop Management 5308 Actual Taxes Expense 19772 Actual Total Expense 46857 Actual Trash Expense 2399 Actual Vacancy And Credit Loss 3271 Actual Water Sewer Expense 3162 Assumable Finance 0 Buildings 1 Complex Features Other/Remarks Gross Equity 1600000 Gross Multiplier 14.67 Have Real Estate Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Other Income Actual 396 Projected Cap Rate 5.93 Projected Cash Flow 94957 Projected Fl Ins Expense 2000 Projected Fl Ins Expense1 2000 Projected Gardener Expense 1500 Projected Gas And Electric 1766 Projected Gross Multiplier 11.11 Projected Gross Operating Inc 141480 Projected Gross Scheduled Inc 144000 Projected Maintenance Expense 6800 Projected Net Income 94957 Projected Operating Expense 46523 Projected Other Expense 1154 Projected Other Income 1800 Projected Pest Expense 896 Projected Property Mgmt Expense 7074 Projected Taxes Expense 19772 Projected Total Expense 46523 Projected Trash Expense 2399 Projected Vacancy And Credit Loss 4320 Projected Water And Sewer Expense 3162 Unit Number1 8 Unit Rent Total1 9086 Unit Rent1 1136

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4444 49th Street

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4444 49th Street San Diego, CA 92115

Property Description

Actual Cap Rate	3.71
Actual Cash Flow	59300
Actual Gardener Expense	3600
Actual Gas And Electric	1766
Actual Gross Operating Income	106157
Actual Gross Scheduled Income	109032.0
Actual Maintenance Expense	6800
Actual Operating Expense	46857
Actual Other Expense	1154
Actual Pest Control Expense	896
Actual Prop Management	5308
Actual Taxes Expense	19772
Actual Total Expense	46857
Actual Trash Expense	2399
Actual Vacancy And Credit Loss	3271
Actual Water Sewer Expense	3162
Assumable Finance	0
Buildings	1
Complex Features	Other/Remarks
Gross Equity	1600000
Gross Multiplier	14.67
Have	Real Estate
Mandatory Remarks	None Known
Market Area	Metro Uptown
Motive Want	Sell
Other Income Actual	396
Projected Cap Rate	5.93
Projected Cash Flow	94957
Projected Fl Ins Expense	2000
Projected Fl Ins Expense1	2000
Projected Gardener Expense	1500
Projected Gas And Electric	1766
Projected Gross Multiplier	11.11
Projected Gross Operating Inc	141480
Projected Gross Scheduled Inc	144000
Projected Maintenance Expense	6800
Projected Net Income	94957
Projected Operating Expense	46523
Projected Other Expense	1154
Projected Other Income	1800
Projected Pest Expense	896
Projected Property Mgmt Expense	7074
Projected Taxes Expense	19772
Projected Total Expense	46523
Projected Trash Expense	2399
Projected Vacancy And Credit Loss	4320
Projected Water And Sewer Expense	3162
Unit Number1	8
Unit Rent Total1	9086
Unit Rent1	1136