The Oregon Street Cottages is a 7 unit community located North of Adams Avenue in North Park. The property is comprised of six 1-Bed/1-Bath cottages and one 3-Bed/2-Bath unit situated over 5 garages. The property is located in a quiet pocket of North Park and is walking distance from shopping, dining, and entertainment. With a walk score of 87 out of 100 tenants can enjoy many conveniences without ever getting into a car. The subject property has approximately 4,125 square feet of living area situated on a spacious 8,399 square foot parcel. Current ownership recently completed a full remodel of the two front cottages. The brand new interiors boast refinished hardwood floors, new kitchens/bathrooms with designer tile/fixtures, and updated private yard spaces. An opportunity exists for new ownership to do the same to the remaining units to further increase rents and maximize returns.

Units With Garages 2

Sq Ft Of Improvement 4125

Actual Cap Rate 4.56 Actual Cash Flow 27910 Actual Cash On Cash 3.20 Actual Gardener Expense 900 Actual Gas And Electric 711 Actual Gross Operating Income 152753 Actual Gross Scheduled Income 152220.0 Actual License Expense 200 Actual Maintenance Expense 5950 Actual Operating Expense 48169 Actual Prop Management 6110 Actual Taxes Expense 28272 Actual Total Expense 48169 Actual Total Pi Pay 76673 Actual Vacancy And Credit Loss 4567 Actual Water Sewer Expense 3780 Assumable Finance 0 Buildings 7 Complex Features Other/Remarks Gross Equity 995000 Gross Multiplier 15.08 Have Real Estate Mandatory Remarks None Known Market Area Metro Uptown Motive Want Exchange Other Income Actual 5100 Projected Annual Pi Expense 76673 Projected Cap Rate 5.16 Projected Cash Flow 41655 Projected Cash On Cash 4.78 Projected Fl Ins Expense 2246 Projected Fl Ins Expense1 2246 Projected Gardener Expense 900 Projected Gas And Electric 711 Projected Gross Multiplier 13.74 Projected Gross Operating Inc 167071 Projected Gross Scheduled Inc 166980 Projected License Expense 200 Projected Maintenance Expense 5950 Projected Manager Expense 6683 Projected Net Income 118328 Projected Operating Expense 48742 Projected Other Income 5100 Projected Taxes Expense 28272 Projected Total Expense 48742 Projected Vacancy And Credit Loss 5009 Projected Water And Sewer Expense 3780 Short Sale No Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 3 Unit Number5 1 Unit Rent Total1 1945 Unit Rent Total2 1795 Unit Rent Total3 1600 Unit Rent Total4 4500 Unit Rent Total5 2845 Unit Rent1 1945 Unit Rent2 1795 Unit Rent3 1600 Unit Rent4 1500 Unit Rent5 2845

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4723 Oregon

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4723 Oregon San Diego, CA 92116

Property Description

Actual Cap Rate	4.56
Actual Cash Flow	27910
Actual Cash On Cash	3.20
Actual Gardener Expense	900
Actual Gas And Electric	711
Actual Gross Operating Income	152753
Actual Gross Scheduled Income	152220.0
Actual License Expense	200
Actual Maintenance Expense	5950
Actual Operating Expense	48169
Actual Prop Management	6110
Actual Taxes Expense	28272
Actual Total Expense	48169
Actual Total Pi Pay	76673
Actual Vacancy And Credit Loss	4567
Actual Water Sewer Expense	3780
Assumable Finance	0
Buildings	7
Complex Features	Other/Remarks
Gross Equity	995000
Gross Multiplier	15.08
Have	Real Estate
Mandatory Remarks	None Known
Market Area	Metro Uptown
Motive Want	Exchange
Other Income Actual	5100
Projected Annual Pi Expense	76673
Projected Cap Rate	5.16
Projected Cash Flow	41655
Projected Cash On Cash	4.78
Projected Fl Ins Expense	2246
Projected Fl Ins Expense1	2246
Projected Gardener Expense	900
Projected Gas And Electric	711
Projected Gross Multiplier	13.74
Projected Gross Operating Inc	167071
Projected Gross Scheduled Inc	166980
Projected License Expense	200
Projected Maintenance Expense	5950
Projected Manager Expense	6683
Projected Net Income	118328
Projected Operating Expense	48742
Projected Other Income	5100
Projected Taxes Expense	28272
Projected Total Expense	48742
Projected Vacancy And Credit Loss	5009
Projected Water And Sewer Expense	3780
Short Sale	No
Unit Number1	1
Unit Number2	1
Unit Number3	1
Unit Number4	3
Unit Number5	1
Unit Rent Total1	1945
Unit Rent Total2	1795
Unit Rent Total3	1600
Unit Rent Total4	4500
Unit Rent Total5	2845
Unit Rent1	1945
Unit Rent2	1795
Unit Rent3	1600
Unit Rent4	1500
Unit Rent5	2845