FOR SALE E Harbor Blvd Ventura, California

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1 4 Large units 3BD/2BA Townhome, 2BD/2BA Flat, and 2 x 1BD/1BA Flats Prime Ventura Keys location Two blocks from the beach Potential of 25% upside in rents E Harbor Blvd Ventura, California The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. This is an Equal Housing Opportunity.

2 Property Overview Pride-of-ownership fourplex just two blocks from the beach in the Ventura Keys, a short walk to Marina Park and moments to several shops and restaurants. This property has been meticulously maintained, providing for low future maintenance expense for a new owner. Additionally, all units offer expansive floor plans with large living rooms and large bedrooms. Each unit has either a patio or balcony and two parking spaces. On site laundry is coin operated and owned by the sellers. Current rents are well below market, providing possibly up to 25% of upside income. Price: $1,550,000 Units: 4 Unit Mix: 1 X 3BD/2BA townhome 1 X 2BD/2BA flat 2 X 1BD/1BA flat APN: Building Size: Lot Size: Parking: Laundry Room: Zoning: Approx. 4,272 SF Approx. 6,000 SF 4 garage spaces and 4 uncovered On-site, coin operated R-3-3 Year Built: Approx Utilities: Cap Rate: Separate meters for electric; house meters for water, gas, and electric (laundry & ext. lights) 2.67% (current) 3.90% (proforma) GRM: (current) (proforma) CSO: 2.5% Showings: to receiving offer 222 E. Carrillo Street, Suite 101, Santa Barbara, California HayesCommercial.com 2

3 PROPERTY DETAILS UNIT MIX & RENT ROLL Price: $1,550,000 CURRENT RENTS (Note #2) # of Units: 4 Price Per Unit: $387,500 GRM: Current Rents 2661 Harbor Blvd - 3BD/2BA 1 n/a $ 1,800 $ 1,800 $ 21,600 $ 2,675 $ 2,675 $ 32,100 CAP Rate: 2.67% Current Rents 2663 Harbor Blvd - 1BD/1BA 1 n/a $ 1,495 $ 1,450 $ 17,400 $ 1,550 $ 1,550 $ 18,600 GRM: Market Rents 2665 Harbor Blvd - 1BD/1BA 1 n/a $ 1,450 $ 1,495 $ 17,940 $ 1,550 $ 1,550 $ 18,600 CAP Rate: 3.90% Market Rents 2667 Harbor Blvd - 2BD/2BA 1 n/a $ 1,600 $ 1,600 $ 19,200 $ 2,300 $ 2,300 $ 27,600 Land Area (Sq. Ft.): 6,000 Price/Land Area: $258 Building Area (Sq. Ft.): 4,272 Price/Building Area: $363 Unit Type # of Units Unit Size (Note #1) Monthly Rent Total Monthly Rent Total Annual Rent Monthly Rent MARKET RENTS (Note #3) Total Monthly Rent Total Annual Rent FINANCING (Note #5) Down Payment: $852,500 Down Payment (%): 55.00% INCOME & EXPENSE ANALYSIS TOTALS 4 4,272 $ 6,345 $ 76,140 $ 8,075 $ 96,900 Total Loan: $697,500 CURRENT RENTS (Note #2) Debt Coverage Ra]o: 1.00 Per Month Per Year Per Month Per Year Amor]za]on: 30 Years Total Gross Poten]al Rental Income $ 6,345 $ 76,140 $ 8,075 $ 96,900 Term: 30 Years Laundry Income (Note #6) $ 107 $ 1,284 $ 107 $ 1,284 Rate: 4.250% Total Gross Poten]al Income $ 6,452 $ 77,424 $ 8,182 $ 98,184 Monthly Loan Payment: $3,431 (LESS) Vacancy Rate 3% $ (194) $ (2,323) $ (245) $ (2,946) Annual Loan Payment: $41,175 Annual Interest Payment: $29,416 EFFECTIVE GROSS INCOME (EGI) $ 6,258 $ 75,101 $ 7,937 $ 95,238 DEPRECIATION Notes % of EGI % of EGI Real Estate Taxes 1.05% 22.43% $ 1,404 $ 16, % $ 1,404 $ 16,846 Property Value: $1,550,000 Insurance EsOmated 2.40% $ 150 $ 1, % $ 150 $ 1,800 % of Improvements: 65% EsOmated Gas 2018 Actual 1.35% $ 84 $ 1, % $ 84 $ 1,011 Depreciable Basis: $1,007,500 Electric 2018 Actual 0.84% $ 52 $ % $ 52 $ 628 Deprecia]on Schedule: 27.5 Years Water/Sewer/Trash 2018 Actual 4.81% $ 301 $ 3, % $ 13 $ 3,613 Annual Deprecia]on: $36,636 Supplies & Services EsOmated 0.23% $ 15 $ % $ 15 $ 175 NOTES Note 1: Unit SF is unknown but total building SF is per public record Note 2: Current Rents are esomated provided by Owner Note 3: Market Rents are esomates based on market condioons Note 4: Expenses are both 2018 Actuals and EsOmates Note 5: Loan terms are esomates. Buyer to verify. Note 6: W &D are Seller owned. Income shown is monthly average MARKET RENTS (Note #3) Repairs & Maintenance Est. $650/Unit/Year 3.46% $ 217 $ 2, % $ 217 $ 2,600 Property Manager 5% of EGI 5.00% $ 313 $ 3, % $ 397 $ 4,762 Taxes, Licenses & Prof. Fees EsOmated 0.33% $ 21 $ % $ 21 $ 250 Pest Control EsOmated 0.67% $ 42 $ % $ 42 $ 500 Gardening EsOmated 2.40% $ 150 $ 1, % $ 150 $ 1,800 Reserves Est. $200/Unit 1.07% $ 67 $ % $ 67 $ 800 (LESS) TOTAL ANNUAL EXPENSES (Note #4) 44.98% $ (2,815) $ (33,778) 37.26% $ (2,611) $ (34,785) NET OPERATING INCOME (NOI) $ 3,444 $ 41,324 $ 5,326 $ 60, E. Carrillo Street, Suite 101, Santa Barbara, California HayesCommercial.com 3

4 E Harbor Blvd Aerial Looking Southwest Peninsula St

5 Photos Peninsula St E Harbor Blvd 222 E. Carrillo Street, Suite 101, Santa Barbara, California HayesCommercial.com 5

6 Photos 222 E. Carrillo Street, Suite 101, Santa Barbara, California HayesCommercial.com 6

7 Address Units List Price Price/Unit GRM (current) GRM (mkt rents) Recent Comparable Sales ( ) E Harbor Blvd Ventura Keys 4 $1,550,000 $387, Address Units Sale Price Price/Unit GRM (current) Days on Mkt Seahorse Ave Ventura Keys 4 $1,895,000 $473, Hilltop Dr Ventura Hillside 4 $1,550,000 $387, Church St Ventura Hillside 102 N Kalorama St Downtown Ventura 4 $1,500,000 $375, $1,475,000 $368, Ventura Ocean Dr Hollywood Beach (Oxnard) 4 $1,450,000 $362, E Simpson St Ventura 4 $1,400,000 $350, Pierpont Blvd Pierpont 4 $1,375,000 $343, Averages $1,520,714 $380, E. Carrillo Street, Suite 101, Santa Barbara, California HayesCommercial.com 7

8 Current Asking Rents at Comparable Properties Property BD BA Current Rent Harbor Blvd 1 1 $1,450 & $1, Harbor Blvd 2 2 $1, Harbor Blvd 3 2 $1, Pierpont Blvd Peninsula St E Harbor Blvd 17 Address BD BA Asking Rent 1 E Harbor Blvd & Peninsula St 1 1 $1,400 1 E Harbor Blvd & Peninsula St 1 1 $1,400 2 Hanover Ln & Pierpont Blvd 1 1 $1, Pierpont Blvd 1 1 $1, E Harbor Blvd 1 1 $1,600 5 Pierpont Blvd & Weymouth Ln 1 1 $1,625 5 Pierpont Blvd & Weymouth Ln 1 1 $1,625 1 BD Average $1,549 Address BD BA Asking Rent E Harbor Blvd $1, E Harbor Blvd 2 1 $1, E Harbor Blvd 2 1 $2,200 1 E Harbor Blvd & Peninsula St 2 1 $2, Peninsula St $2,250 1 E Harbor Blvd & Peninsula St 2 2 $2,375 1 E Harbor Blvd & Peninsula St 2 2 $2, Bayshore Ave $2, Bayshore Ave $2, Peninsula St & Seahorse Ave 2 2 $2, Peninsula St & Bayshore Ave 2 2 $2,650 2 BD Average $2, ft Address BD BA Asking Rent Bayshore Ave 3 2 $2, Bayshore Ave 3 2 $2, Bayshore Ave 3 2 $2, Sandpiper Ct 3 2 $2,850 Data Source: Rentometer. Asking rents are for listings since February 24, Placement of markers is approximate. 3 BD Average $2, E. Carrillo Street, Suite 101, Santa Barbara, California HayesCommercial.com 8

9 The City of Ventura Pristine beaches, accessible parks, and a vibrant downtown are all hallmarks of this bike-friendly city on the California coast. The Channel Islands are just a short ferry ride away, while the historical San Buenaventura mission offers a rich Golden State history. And don t forget the Ventura County Fairgrounds, a massive open-space complex charged with year-round possibilities! 1 Ventura County Fairgrounds (4.9 mi) 2 Surfer s Point (4.9 mi) 3 Downtown Ventura (4.5 mi) 4 San Buenaventura State Beach (3.9 mi) 5 Ventura Harbor (5.1 mi) 6 Community Memorial Hospital (2.3 mi) 7 Ventura County Medical Center (2 mi) 8 Pacific View Mall (1.6 mi) American Eagle Outfitters, AT&T, BevMo, California Pizza Kitchen, Express, Forever 21, GNC, JC Penney, Lenscrafters, Macy s, Target 9 Ventura College (0.7 mi) Ventura SITE Telephone Plaza Shopping Center (2.8 mi) Black Angus, Starbucks, Baja Fresh, The Habit, H&R Block, The UPS Store, WinCo Foods 11 Buena High School (0.5 mi) 12 Victoria Plaza (0.7 mi) Starbucks, CVS, Vons, US Bank, Subway, Cask Alehouse, OneWest Bank 13 Balboa Middle School (1.1 mi) The Collection (4.5 mi) The Container Store, Century RiverPark 16, Five Guys Burgers, H&M, Los Agaves, MAC Cosmetics, Massage Envy, Panera Bread, REI, Starbucks, Target, ULTA Beauty, Verizon, Victoria s Secret E. Carrillo Street, Suite 101, Santa Barbara, California HayesCommercial.com 9