526 Park Way Chula Vista, 91910

Kelly O’Connor- ACI619.247.2123

526 PARK WAY– LOCATION MAP

Area Description:• Chula Vista is the second largest city in the San Diego metropolitan area. The

population was 243,916 as of the 2010 census.• Located just 7.5 miles from downtown San Diego and 7.5 miles from the Mexican

border in the South Bay region of the metropolitan area, the city is at the center of one of the richest economic and culturally diverse zones in the United States. Chula Vista is so named because of its scenic location between the San Diego Bay and coastal mountain foothills.

526 PARK WAY– AERIAL PHOTO

SUMMARY

A beautiful 3 unit apartment building tucked away in a family friendly neighborhood of Chula Vista. Each unit consists of three large 2 bedroom 2 bathroom units. Each unit has its own garage as well as additional parking

in large driveway.

Exterior Amenities:

• Ample Parking• Back/side yard • Garage for each Unit• Great neighborhood

Property Highlights:

• All 2BD/2BA units• Approximately 1100 SF/ Unit• Fireplaces • Washer Dryer in unit• Remodeled • New Paint job

PHOTOS - EXTERIOR

PHOTOS - EXTERIOR

PHOTOS- INTERIOR

PHOTOS- INTERIOR

INVESTMENT SUMMARY

# Units Address City3 Chula Vista

Value $ / Unit

$749,000 Current Market Current Market $249,667 16.00 13.21 4.00% 4.92%

$ / Square Foot Gross Sq. Ft. Parcel Size Yr. Built(Approx.) (Approx.) (Approx.) (+/-)$223.58 6,534 1987

Income Detail Annual Operating Expenses

# of Units Type Rent Total (Estimated)Current Income Advertising $0 Management (Off Site) $0

Elevator $0 Management (On Site) $0Gas & Electric $240 Licenses & Fees $400

3 2 Bed 2 Bath $1,300 $3,900 Water & Sewer $1,860 Miscellaneous $0Landscaping $525 Reserves $0Trash Removal $495 Pool $0Pest Control $65 Insurance $1,500

Total Monthly Income $3,900 Maintenance $2,125 Taxes* $8,239Market Income

* Reflects new tax rate for Buyer

3 2 Bed 2 Bath $1,575 $4,725 Total Est Annual Expenses $15,449

Expenses per: Est. Sq. Ft. $4.61Unit $5,150

Total Monthly Income $4,725 % of GSI 33.01%Financing Summary

Current MarketGross Scheduled Income $46,800 $56,700 Down Payment $187,250Less: Vacancy Factor 3.00% $1,404 $1,701 25%Gross Operating Income $45,396 $54,999Less: Expenses 33.01% $15,449 $18,156 Net Operating Income $29,947 $36,843 Proposed Financing: $561,750

Interest Rate: 4.200%Less: 1st TD Payments ($32,965) ($32,965) Amortized over: 30 Pre-Tax Cash Flow ($3,018) $3,879Cash on Cash Return -1.61% 2.07% Debt Coverage Ratio: 0.91Principal Reduction $9,554 $9,554Total return before tax shelter 3.49% 7.17%

The information contained herein has been obtained from sources believed reliable. While ACI Commercial does not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax, financial, and legal advisors. You and your

advisors should conduct a careful, independent, investigation of the property to determine to your satisfaction the suitability of the property to your needs.

Annual Operating Proforma

91910

Kelly O'Connor BRE# 01964129Cell 619.247.2123 email kelly@aciapartments.com

APARTMENT INVESTMENT INFORMATION

2635 Camino Del Rio South # 300 San Diego, CA 92108

Property DescriptionContact Information

GRM

3,350

Zip

CAP Rate

526 Park Way

RENTAL SURVEYYr Built: 1966 Units: 7 Yr Built: 1976 Units: 16Unit Mix Sq Feet Rent A Rent/SF Unit Mix Sq Feet Rent A Rent

2 Bed 2 Bath 1000 $1,350 $1.35 2 Bed 2 Bath 900 $1,150 $1.2

Yr Built: 1980 Units: 42 Yr Built: 1957 Units: 45Unit Mix Sq Feet Rent A Rent/SF Unit Mix Sq Feet Rent A Rent

1BR/1BA 950 $1,275 $1.34 2Bed/2Ba 980 $1,450 $1.4

style="display:inlin Yr Built: 1981 Units: 300 Yr Built: 1987 Units: 5Unit Mix Sq Feet Rent A Rent/SF Unit Mix Sq Feet Rent A Rent

2Bed/2Ba 1200 $1,595 $1.33 2Bed/2Ba 1300 $1,030 $0.7

Units Occupancy Rents SqFt55 94%

2 Bed 2 Ba $1,308 1055

Amenities:Fireplaces, Garages, Large Units

Occupancy: 88%

Target Property:

Occupancy: 100%

526 Park Way Chula Vista, 919

65 G StreetChula Vista, 91910 G Street

Amenities:

Occupancy:

Assigned Parking, Washer Dryer In Unit, Patios100%

Amenities:Assigned parking, Laundry In Unit

Chula Vista, 91910

Occupancy: 94%

Palm Villas Apartments Moss Street Chula Vista, 91910

Amenities: On Site Laundry, Off Street Parking, Courtyard

Occupancy: 89%

4. St. Thomas Apartments

2. 1075 Del Mar Avenue1075 Del Mar Avenue Chula Vista, 919

Amenities:Laundry On Site, Assigned Parking

ental Averages

Year Built Rent per Sq Ft1973

$1.26

Amenities: Assigned parking, Walk-in closets, Laundry on site

Occupancy: 97%

670 F Street Chula Vista, 919

ark Woods6 Center Road

Rent Comparables

RENTAL SURVEY - MAP

526 Park Way

Units Occupancy Rents SqFt55 94%

2 Bed 2 Ba $1,308 1055Rental Averages

Year Built Rent per Sq Ft1973

$1.26

1) 565 G Street 2) 1075 Del Mar Avenue 3) 363 Moss Street4) 670 F Street 5) 376 Center Road 6) 526 Park Way