3864 35th Street, San Diego, California 92104

– Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties – 11/18 units renovated already with room to push rents – Below market rents (~20.6%) across the board – 6.5% cap + mark-to-market – No new construction in the immediate submarket – Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $297,000 is a ~28% discount to comparable sales Encouraging all offers.