O F F E R I N G M E M O R A N D U M

Offices Throughout the U.S. and Canada | www.marcusmillichap.com

RAYMOND CHOIFirst Vice President Investments

SAN DIEGO OFFICETel: 858.373.3136 | Cell: 858.735.6632

Raymond.Choi@marcusmillichap.com License: CA 01297138

MARY LONGSHAWMarketing Coordinator

SAN DIEGO OFFICETel: 858.373.3137 | Fax: 858.373.3110

Mary.Longshaw@marcusmillichap.com

E X C L U S I V E LY L I S T E D B Y

EXECUTIVE SUMMARY

OFFERING SUMMARYProperty Address 1907 Columbia Street, San Diego, CA 92101

# of Units 40 + 1 Retail Space

# of Buildings 1

# of Stories 6, 2 additional levels subterranean parking

Year Built

Gross Square Feet

2012

40,974

Resi. Square Feet ±35,824

Retail Square Feet ±2,475

Lot Size ±0.23 Acres (±10,022 SF)

Parking 48 Total Spaces

UNIT MIXNUMBER OF UNITS UNIT TYPE APPROX. SF

1 2 Bdr 2 Bath + Den 1050

14 2 Bdr 2 Bath 1,100-1,250

1 2 Bdr 1 Bath 1,015

1 1 Bdr 1 Bath + Den 785

23 1 Bdr 1 Bath 650-1,040

_ Retail 2,475

8 // executive summary

INTEREST OFFEREDFee simple interest in Villa Cusma, a mixed-use property of 40 luxury apartments and one retail space, located in the coveted Little Italy neighborhood of Downtown San Diego.

TERMS OF SALEVilla Cusma is requesting a call for offers.

PROPERTY TOURSProspective purchasers are encouraged to visit the subject property prior to submitting offers. However, all property tours must be arranged with the Marcus & Millichap listing agents. Please do not contact the tenants, on-site management or staff without prior approval.

SUMMARY OF TERMS

executive summary // 9

Marcus & Millichap has been selected to exclusively market for sale Villa Cusma, a mixed-

use property of 40 luxury apartments and one retail space, located in the coveted Little

Italy neighborhood of Downtown San Diego. Little Italy is one of San Diego’s highly desired

neighborhoods due to its chic, pedestrian-friendly location and its upscale mix of new

eateries. In close proximity to San Diego’s main attractions, this property presents a Walk

Score of 97 and is a mixed-use trophy asset.

Inspired by Sicilian architecture, Villa Cusma was constructed in 2012 as condominium-

quality apartment homes and a 2,475-square-foot retail space on the ground floor corner

of Columbia Street and Fir Street. The retail space is currently occupied by Harumama,

a thriving new sushi and ramen restaurant. Residents enjoy the luxury apartment home

offerings that include stainless steel appliances, granite countertops, porcelain tile floors,

full-size front-loading washer/dryers, balconies, ceiling fans, and central air conditioning

and heat.

Select units feature impressive views of the San Diego Bayfront and Downtown San Diego

that residents enjoy through the floor to ceiling windows and from private terraces. The

subject property consists of various unique, spacious floor plans: (24) one-bedroom /

one-bathroom units, (1) two bedroom / one-bathroom unit, and (15) two bedroom / two-

bathroom units. Additionally, this property includes 48 parking spaces for residents in a

gated subterranean garage.

Villa Cusma represents an exceptional multifamily asset that will continue to prosper, with

multiple opportunities to expand for additional income. Overall, this property has been

extremely well maintained and possesses numerous strengths, including an excellent unit

mix, convenient access, luxury living, and irreplaceable location.

�� Highly desirable location in historic Little Italy

�� Constructed in 2012

�� Desirable unit mix of spacious 1 and 2 bedrooms

�� Secure subterranean garage parking

�� Views of the San Diego Bayfront & Downtown San Diego

�� Convenient access to I-5 & public transportation

�� Thriving on-site retail restaurant

�� Within walking distance of restaurants, Little Italy Farmers Market, & Waterfront Park

INVESTMENT HIGHLIGHTS

INVESTMENT OVERVIEW

10 // executive summary

executive summary // 11