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Home , Downtown Anaheim, Populous (company)

Anaheim 4 Plex 624 W. Provential Dr. Anaheim, CA 92805

Investment Offering Memorandum

Offered at $1,155,000

Property Summary

v 4 Units Multifamily Property v 3 - 2BR 1BA Two story units v 1 - 2BR 1BA Single Level unit

v Each Unit Includes Appliances v Private Patio/Balconies, Extra Storage

v Large grass area for common area v 4 Enclosed Garages plus owner storage area (New Garage Doors) v Plumbed for 2 Stackable common area washer/dryer

v Located Minutes from & Easy access to Freeways, Retail, Job Centers & Schools! v 4.6% CAP Rate and 16.45 GRM

Location:

Investment Summary: • Suggested Price: $1,155,000 • Price Per Unit: $288,750 • Actual Cap Rate: 4.6% • Actual GRM: 16.45 • $/SF (Building): $297 • $/SF (Lot): $126

624 W. Provential:

This Anaheim based 4 plex consists of 4 units with an average size of approximately 970SF. Situated near the 5 Freeway and in close proximity to the 91, 22, and 57 Freeways. This location provides easy access to Disneyland, Anaheim , The Pond , Anaheim Convention Center Shopping, Schools, & Restaurants.

Amenities: Ø Private Patios and Balconies Ø Additional Storage Ø Children’s play grass area Ø Plumbed for two stackable laundry units Ø 4 Garages, street parking Ø Owners Storage area Ø Extremely Low Vacancy Factor Ø All long-term tenants on month to month Ø Huge Upside Potential Ø Income at $70,200

Anaheim

Anaheim is a city in Orange County, , part of the Los Angeles metropolitan area. As of the 2010 Census, the city had a population of 336,265, making it the most populous city in Orange County and the 10th-most populous city in California. Anaheim is the second-largest city in Orange County in terms of land area, after Irvine, and is known for its theme parks, convention center, and its two major sports teams: the club and the Angels baseball team. Anaheim was founded by fifty German families in 1857 and incorporated as the second city in Los Angeles County on March 18, 1876; Orange County would later be split off from Los Angeles County in 1889. Anaheim remained largely an agricultural community until Disneyland opened in 1955. This led to the construction of several hotels and motels around the area, and residential districts in Anaheim soon followed. The city also developed into an industrial center, producing electronics, aircraft parts and canned fruit. Anaheim is a charter city. Anaheim's city limits extend from Cypress in the west to the Riverside County line in the east and encompass a diverse collection of neighborhoods and communities. Anaheim Hills is a master-planned community located in the city's eastern stretches that is home to many of the city's affluent. Downtown Anaheim has three mixed-use historic districts, the largest of which is the Anaheim Colony. The , a commercial district, includes the , with its two theme parks, multiple hotels, and retail district, and numerous hotels and retail complexes. The Platinum Triangle, a neo- urban redevelopment district surrounding , is planned to be populated with mixed-use streets and high-rises. Anaheim Canyon is an industrial district north of California State Route 91 and east of California State Route 57.

Offering Summary OVOVE RV IEW

Purchase Price: $1,155,000 Total Rent $ 70,200 Number of Units 4 Other Income $ 0 Price Per Unit $ 298,750 Gross Income $ 70,200 Cap Rate 4.6% Vacancy Factor 0% GRM 16.45 Effective Gross Income $ 70.200

Less Estimated Expenses Property Tax 1.10% $ 12,705 Insurance $ 1,300 Water/Sewer $ 1500

Trash $ 400

Sewer $ NA

Electric & Gas $ 1,649

Elevator $ NA

Onsite Manager $ NA

Pool $ NA Maintenance $ NA Advertising $ NA Administrative $ NA Licenses and Fees $ NA Offsite Manager $ - Gardener $ 800

Total Expenses $ 17,554 Net Operating Income $ 52,646 Expense Per Unit/Year $ 4,388

14,246

Disclaimer

BeachPointe Properties Inc.

The information contained in this document has been obtained from sources believed reliable while BeachPointe Properties Inc. has not verified it and makes no guarantee, warranty or representation about the information in this packet. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for examples only and do not represent the current or future performance of this property. The value of this transaction to you depends on tax and other factors which should be evaluated by your CPA and other financial and legal advisors. You and your advisors should conduct careful, independent investigations of the property to determine to your satisfaction the suitability of the property for your needs.