MIDTOWN FOURPLEX FOR SALE

914 26th Street, Sacramento, CA 95816Offering Memorandum

David HosbeinDRE: 01337628

Tel: 916.677.8117david.hosbein@tricommercial.com

532 Gibson Drive, Suite 200

Roseville, CA 95678

4 EXECUTIVE SUMMARY

7 PROPERTY DESCRIPTION

9 RENT COMPS

12 SALE COMPS

15 FINANCIALS

17 DEMOGRAPHICS

Table of ConTenTs 914 26th Street, Sacramento, CA 95816

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J Street

26th Street

ProPerTy aerial 914 26th Street, Sacramento, CA 95816 aerial

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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

David HosbeinDRE: 01337628

Tel: 916.677.8117david.hosbein@tricommercial.com

532 Gibson Drive, Suite 200

Roseville, CA 95678

THE OFFERINGPrime Midtown 4Plex located at 26th and J, featuring 4 newly renovated units, and 3 off-street parking spaces. Stylish, turn of the century detailing with modern HVAC systems, appliances and lighting.

PRICE$1,290,000

PRICE PER UNIT$322,500

PRICE PER RENTABLE SQ. FT.$478

CAP RATE Current: 3.39%Market: 3.78%

GROSS RENT MULTIPLIER Current: 19Market: 18

UNIT MIX RENTS UNIT TYPE # UNITS SQ FT CURRENT MARKET

1BD / 1BA A 675 $1,450 $1,500

1BD / 1BA B 625 $1,400 $1,450

1BD / 1BA 1 550 $1,400 $1,450

1BD / 1BA 2 850 $1,715 $1,800

AVERAGE 675 $1,491 $1,550

TOTAL 4 2,700 $5,965 $6,200

Located a 1/2 block off J St in the heart of Midtown Sacramento this stylish fourplex was built in 1902, and completely renovated in 2012 and 2016. Walking distance to numerous local restaurants, retailers and café’s along the J St corridor.

4 High-end 1bd/1ba units, each with washers and dryers.

3 off street parking spaces in back, and angle-in parking in front

Only a few minutes drive or bike ride to many major Downtown / Midtown employers including the McClatchy Co, Sutter Medical Center, Blue Diamond Almonds and many major banks, law firms, and state agencies.

PROPERTY HIGHLIGHTS

exeCuTive summary 914 26th Street, Sacramento, CA 95816

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regional maP 914 26th Street, Sacramento, CA 95816

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State Capitol

MIDTOWN SACRAMENTO

CALIFORNIA

80BUSINESS

U S

50

DOWNTOWNSACRAMENTO

Sacramento Railyards Redevelopment Zone

DownTown/miDTown maP 914 26th Street, Sacramento, CA 95816

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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

STREET ADDRESS: 914 26th St - Midtown, Sacramento

NUMBER OF UNITS:

Four (4) - 1bd/1ba Units

BUILDING AREA: 2,700

LOT SIZE: 3485 SF / .08 AC

APN: 007-0034-012-0000

YEAR BUILT / RENOVATED:

1902 / 2015

FOUNDATION: Slab on Grade

ROOF: Pitched, Asphalt Shingle

WALLS/SIDING: Wood Siding w/ Brick Wainscoting

UTILITIES: • Electic: Metered - Tenant Paid • Gas: Metered - Tenant Paid • Water/Sewer, Trash - Landlord Paid

PARKING: 3 Uncovered Spaces

UNIT AMENITIES: • In-Unit Washers/Dryers • Individual Hot Water Heaters • Central Heating & Cooling (Fujitsu Heat Pump) • Newer Appliances

ProPerTy DesCriPTion 914 26th Street, Sacramento, CA 95816

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inTerior PhoTo - uniT b 914 26th Street, Sacramento, CA 95816

The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. PAGE 8

The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

ADDRESS914 26th St.

Sacramento, CA 958162222 I St.

Sacramento, CA 958162312 I St.

Sacramento, CA 958162315 Q St.

Sacramento, CA 95816

# OF UNITS 4 15 4 4

YEAR BUILT / UPDATE 1902 / 2015 1974 / 2015 Unknown 1910

PARKING 3, Off-Street 8, Covered 4, Off-Street 4, Garages

LAUNDRY In-Unit Washers / Dryers Common Laundry 550 2 Units with Washer / Dryer

PATIO / BALCONY None Shared None Shared Backyard

HVAC Central Central Shared Backyard Window AC / Baseboard Heat

APPLIANCE PACKAGE Stainless Steel Stainless Steel Black Standard, White

RENOVATED Yes Yes Yes No

OCCUPANCY 100% 93% 100% 100%

1BD / 1BA 4 15 4 4

AVERAGE RENT $1,491 $1,825 $1,295 $1,750

AVERAGE UNIT SF 675 640 550 800

AVERAGE RENT / SF $2.21 $2.85 $2.35 $2.19

SUBJECT RENT - #3RENT - #2RENT - #1

renT ComPs 914 26th Street, Sacramento, CA 95816

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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

SUBJECT RENT #1 RENT #2 RENT #3914 26th St. 2222 I St. 2312 I St. 2315 Q St.

Sacramento, CA 95816 Sacramento, CA 95816 Sacramento, CA 95816 Sacramento, CA 958161BD / 1BA - $1491 1BD / 1BA - $1825 1BD / 1BA - $1295 1BD / 1BA - $1750

$2.21/SF $2.85/SF $2.35/SF $2.19/SF

SUBJECT RENT - #1 RENT - #2 RENT - #3914 26th St.

Sacramento, CA 958162221 I St.

Sacramento, CA 958162312 I St.

Sacramento, CA 958162315 Q St.

Sacramento, CA 95816

1BD / 1BA - $1491 1BD / 1BA - $1825 1BD / 1BA - $1295 1BD / 1BA - $1750

$2.21/SF $2.85/SF $2.35/SF $2.19/SF

renT ComPs maP 914 26th Street, Sacramento, CA 95816

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inTerior PhoTo - uniT 1 914 26th Street, Sacramento, CA 95816

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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

ADDRESS914 26th St.

Sacramento, CA 958162221 J St.

Sacramento, CA 95816520-522 10th St.

Sacramento, CA 958141521 U St.

Sacramento, CA 95818# OF UNITS 4 4 4 4

LOT SIZE (ACRES) 0.08 0.15 0.25 0.15

YEAR BUILT / UPDATE 1902 / 2015 Unknown Unknown Unknown

PARKING 3, Off-Street 8, Off-Street Street 4 Garages

RENTABLE SF 2,700 3,060 3,660 3,587

AVERAGE UNIT SF 675 765 915 897

AVERAGE RENT / UNIT $1,491 $1,280 $1,775 $1,845

AVERAGE RENT / SF $2.21 $1.67 $1.94 $2.06

PRICE $1,390,000 $1,150,000 $1,220,000 $1,399,987

PRICE / UNIT $347,500 $287,500 $305,000 $349,997

PRICE / SF (RENTABLE) $515 $376 $333 $390

CAP RATE 3.07% Unknown Unknown Unknown

GROSS RENT MULTIPLIER 19.42 18.72 14.32 15.81

FEATURES / UPDATES

Remodeled Units, Kitchens & Baths

Stainless Steel AppliancesWide, Bleached Plank Flooring

Washers / Dryers in Units Central HVAC

Vintage InteriorsWhite AppliancesHardwood Floors

Washers / Dryers 2 Units Rear Lot Development Potential

Remodeled UnitsRenovated Kitchens & Baths

Wide Plank FlooringLaundry Hook-Ups Some Units

Remodeled Units, Kitchens & Baths

Stainless Steel Appliances, Wide, Plank Flooring

Washers / Dryers in Units Central HVAC

SALE DATE 12/22/2017 10/29/2018 4/12/2018

DAYS ON MARKET 98 55 37

SUBJECT SALE - #3SALE - #2SALE - #1

sales ComPs 914 26th Street, Sacramento, CA 95816

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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

SUBJECT SALE #1 SALE #2 SALE #3914 26th St. 2221 J St. 520-522 10th St. 1521 U St.

Sacramento, CA 95816 Sacramento, CA 95816 Sacramento, CA 95814 Sacramento, CA 95818ON MARKET 12/22/2017 10/29/2018 4/12/2018$1,390,000 $1,150,000 $1,220,000 $1,399,987

SUBJECT SALE - #1 SALE - #2 SALE - #3914 26th St.

Sacramento, CA 958162221 J St.

Sacramento, CA 95816520-522 10th St.

Sacramento, CA 958141521 U St.

Sacramento, CA 95818

ON MARKET 12/22/2017 10/29/2018 4/12/2018

$1,390,000 $1,150,000 $1,220,000 $1,399,987

sales ComPs maP 914 26th Street, Sacramento, CA 95816

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inTerior PhoTo - uniT 2 914 26th Street, Sacramento, CA 95816

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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

2018 INCOME AND EXPENSE

PROFORMA INCOME AND EXPENSE

Gross Scheduled Income $71,580 $74,400

Less: Vacancy $(2,863) -4.0% $(2,976) -4.0%

Net Rental Income $68,717 $71,424

Other Income

Parking & Other Income - Note #1 $1,440

Utility Reimbursement - Note #2 $1,920

Total Other Income - $3,360

Total Income $68,717 $74,784

Est. Annual Operating Exp Per Unit

Totals %/Total

Inc. Per Unit

Totals %/Total

Inc.

Repairs and Maintenance $400 $1,600 2.3% $400 $1,600 2.1%

Turnover $- $- 0.0% $- $- 0.0%

Utilities $950 $3,800 5.5% $950 $3,800 5.1%

Trash Removal $200 $800 1.2% $200 $800 1.1%

Landscaping & Pest Control $225 $900 1.3% $225 $900 1.2%

Payroll $- $- 0.0% $- $- 0.0%

Administrative $200 $800 1.2% $200 $800 1.1%

Marketing & Advertising $- $- 0.0% $- $- 0.0%

Property Taxes @ 1.1295% $3,643 $14,571 21.2% $3,643 $14,571 19.5%

Insurance $625 $2,500 3.6% $625 $2,500 3.3%

Management Fee $- $- 0.0% $- $- 0.0%

Total Operating Expense $6,243 $24,971 36.3% $6,243 $24,971 33.4%

Replacement Reserves $- $- 0.0% $250 $1,000 1.3%

Total Expense $6,243 $24,971 $9.25 $6,493 $25,971 $9.62

Net Operating Income $43,746 $48,813

Note #1: Parking Fees - $40/mo for each space. Note #2: Utility Reimbursement - $40/mo for each 1bd/1ba.

PRICE: $1,290,000Price per unit $322,500

Price per Sq. Ft. $478

Gross Rent Multiplier (Current) 19

Gross Rent Multiplier (Market) 18

Cap Rate (Current) 3.39%

Cap Rate (Market) 3.78%

UNIT MIX RENT / MONTH

UNIT TYPE

# UNITS

SQ FT

CURRENT CURRENT

Per SF MARKET

MARKETPer SF

1BD / 1BA A 675 $1,450 $2.15 $1,500 $2.22

1BD / 1BA B 625 $1,400 $2.24 $1,450 $2.32

1BD / 1BA 1 550 $1,400 $2.55 $1,450 $2.64

1BD / 1BA 2 850 $1,715 $2.02 $1,800 $2.12

AVERAGE 675 $1,491 $2.24 $1,550 $2.32

TOTAL 4 2,700 $5,965 $2.21 $6,200 $2.30

finanCials 914 26th Street, Sacramento, CA 95816

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0

500

1,000

1,500

2,000

2,500

3,000

HH Income$25,000 to

$34,999

HH Income$35,000 to

$49,999

HH Income$50,000 to

$74,999

HH Income$75,000 to

$99,999

HH Income$100,000 to

$124,999

HH Income$125,000 to

$149,999

HH Income$150,000 to

$199,999

Household Income Distribution (2018) within 1-Mile

inTerior PhoTo - uniT a 914 26th Street, Sacramento, CA 95816

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19,000

20,000

21,000

22,000

23,000

24,000

25,000

26,000

27,000

Census Population (2010) Estimated Population(2018)

Projected Population(2023)

Population Growth within 1-Mile

0

500

1,000

1,500

2,000

2,500

3,000

HH Income$25,000 to

$34,999

HH Income$35,000 to

$49,999

HH Income$50,000 to

$74,999

HH Income$75,000 to

$99,999

HH Income$100,000 to

$124,999

HH Income$125,000 to

$149,999

HH Income$150,000 to

$199,999

Household Income Distribution (2018) within 1-Mile

The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

$52,298

$87,576

$102,852

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

Census AverageHousehold Income

(2010)

Estimated AverageHousehold Income

(2018)

Projected AverageHousehold Income

(2023)

Average HH Income Growth within 1-Mile

DemograPhiCs 914 26th Street, Sacramento, CA 95816

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The information in this document was obtained from sources we deem reliable; however , no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein.

SUMMARY WITHIN 1-MILE (2018)

POPULATION: 24,404

HOUSEHOLDS: 14,961

MEDIAN AGE: 30

Key Facts:

Income:

$PER CAPITA INCOME: $53,868

MEDIAN HOUSEHOLD INCOME: $61,422

MEDIAN DISPOSABLE INCOME: $113,683

educatIon:

employment:

SOME COLLEGE: 83.4%

BACHELOR’S/GRAD/PROF DEGREE: 54.5%

WHITE COLLAR: 78%

BLUE COLLAR: 22%

SERVICES: 15%

UNEMPLOYMENT RATE SACRAMENTO (MSA): 3.6%

UNEMPLOYMENT RATE CALIFORNIA: 4.1%

DemograPhiCs 914 26th Street, Sacramento, CA 95816

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David HosbeinDRE: 01337628

Tel: 916.677.8117david.hosbein@tricommercial.com

532 Gibson Drive, Suite 200

Roseville, CA 95678

914 26Th sTreeT, saCramenTo, Ca 95816

PAGE 19