Investment Summary

• The 41st Street apartments consists of three duplexes, each containing one 3BR/1BA and one 2BR/1BA unit. This property is extremely well located to the south and east of the rapidly gentrifying areas of Logan Heights, Sherman Heights and City Heights. The duplexes are situated on a large, 9,628sqft lot, with 4,440sqft of improved space and pitched composition shingle roofs. It features a highly desirable unit mix with three 3BR/1BA's and 3 2BR/1BA's. Tenants enjoy a private and fenced patio for each unit, communal laundry room, hard surface interiors and updated kitchens. The property has further upside through an extensive remodel, rents are currently below what the area will support for a renovated unit. This asset is centrally located in the Mt Hope area of San Diego, just South of the 94 freeway between the 805 and 15; providing tenants easy access to the 125 and 5 freeways. The flourishing areas of Sherman Heights and Logan Heights are just to the west with City Heights to the north. Development has been steadily moving south and east from these communities placing this investment in the path of progress; it has the potential for significant future appreciation.