Tayyar Egilmez CalBRE #01027925

Call: (619) 246 6832

egilmeztayyar@gmail.com

1121 E. Washington Ave El Cajon, CA 92019

SUMMARY Villas of Washington Apartments is truly a pride of ownership building with 20 two bedroom/one bath units. Most of the units have upgrades. The building has been painted and the pool has been plastered in the last couple of years. The property is perfectly located. The landscaping is drought resistant. The property lighting is energy efficient. It is an excellent choice for 10-31 investors who are looking for great value with an upside.

Rent Roll

As of: 10/01/2019

Unit BD/BA Sq. Ft. Rent Lease From Lease To

1 2/1.00 800 $1,550.00 07/01/2018 06/30/2020

2 2/1.00 800 $1,685.00 Vacant

3 2/1.00 800 $1,575.00 10/01/2016 09/30/2017

4 2/1.00 800 $1,575.00 09/01/2016

5 2/1.00 800 $1,590.00 08/01/2017 07/31/2018

6 2/1.00 800 $1,685.00 04/29/2019 04/30/2020

7 2/1.00 800 $1,645.00 03/06/2019 02/29/2020

8 2/1.00 800 $1,685.00 06/15/2019 06/30/2020

9 1/1.00 635 $1,200.00 06/19/2017

10 1/1.00 550 $1,295.00 06/01/2015

11 2/1.00 800 $1,685.00 07/24/2019 07/31/2020

12 2/1.00 800 $1,750.00 09/19/2018 09/30/2020

13 2/1.00 800 $1,625.00 10/05/2018 09/30/2019

14 2/1.00 800 $1,575.00 07/01/2015

15 2/1.00 800 $1,575.00 08/01/2019 07/31/2020

16 2/1.00 800 $1,575.00 05/01/2017 04/30/2018

17 2/1.00 800 $1,575.00 12/01/2016 06/30/2020

18 2/1.00 800 $1,575.00 09/01/2015 08/31/2017

19 2/1.00 800 $1,575.00 09/01/2016 08/31/2017

20 2/1.00 800 $1,685.00 08/14/2019 08/31/2020

21 1/1.00 635 $1,295.00 08/01/2019 07/31/2020

22 1/1.00 600 $1,505.00 Vacant

23 2/1.00 800 $1,610.00 05/01/2017 04/30/2019

24 2/1.00 800 $1,575.00 05/01/2017 04/30/2018

24 Units 10,585 $37,665.00

FINANCIAL SUMMARY Units 24

Built 1970

Buildings 3

Floors 2

Parking 33

APN 493-112-07-00

Site Area 0.66 acres

Proj. CAP % 5.29%

Proj. GRM 12.77

LISTING PRICE$5,850,000

Tayyar Egilmez CalBRE #01027925Call: (619) 246 6832egilmeztayyar@gmail.com

Cash Flow

Account NameOperating Income & Expense Income Rent Income 451,980.00 Parking and laundry income 6,000.00

Total 457,980.00 Vacancy rate 3% 13,559.40 Total Operating Income 444,420.60 Expense Pool 2,739.00 Landscaping 4,970.00 Management Fees 22,620.00 Insurance - Property 4,222.00 Property Tax 54,789.00 Licenses 635.00 Electricity 8,396.14 Water 10,071.06 Sewer 7,836.86 Garbage and Recycling 6,053.83 Pest control 600.00 Maintenance 12,000.00 Total Operating Expense 134,932.89 NOI - Net Operating Income 309,487.71

Disclaimer

The information contained in the following brochure is proprietary and strictly confidential. It has been prepared to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. This information has been obtained from sources we believe to be reliable. However, we make no representations or warranties, expressed or implied,

as to the accuracy of the information. Recipient of this report must verify the information and bears all risk for any inaccuracies.

SALES COMPARABLES

62nd Street Apartments S Orange Apartments

Address 4625-4635 62nd St San Diego, CA 92115

4270-4274 Schoolridge Ln La Mesa, CA 91941

609-617 S Orange El Cajon, CA 92020

Units 6 6 5

Built 1958 1959 1955

Price $1,530,000.00 $1,412,000.00 $1,199,000.00

Per Unit $255,000.00 $235,333.00 $239,800.00

Unit type 2 bedrooms 2 bedrooms 2 bed 1 bath/3 bed 2 bath

# units 6 6 4 / 1

COE 2-14-18 9-19-18 2-28-18