Investment Summary

• We are pleased to present the Milbrae Apartments, an 8 unit apartment building located in Logan Heights. The subject property is situated on a large 6,593 square foot lot and is comprised of eight 2-bedroom/1-bath units totaling approximately 5,882 square feet. In addition, the property has on-site laundry and many units have had been renovated within the past few years The Milbrae St Apartments is an opportunity for an owner to obtain a property with an excellent unit mix that cash flows strongly with upside through rent increases. In addition, this property sits in a historically low vacancy area that is close to major freeways, transportation, employment, and is minutes from Downtown San Diego.

Investment Highlights

• Strong Mix of All 2br/1bt Units
• High 6.59% Cap Rate & 10.42 GRM on Current Income
• 15-20% Upside in Rents. Space for Washer Dryer in Units
• Most Units Recently Renovated