28 W. Pedregosa St. Santa Barbara, CA 93101

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1 Huge Price Reduction! W Pedregosa St Santa Barbara, C 0 For Sale Prime -Unit Multifamily sset Located in the highly desirable Oak Park neighborhood in the heart of Santa Barbara Now offered at $,,000

2 property brief Rare opportunity to acquire an asset of this size located in the highly desirable Oak Park neighborhood in the heart of Santa Barbara near the rts & Theater District! This beautiful -unit apartment complex is just one block to State Street, near Cottage Hospital, lice Keck Memorial Gardens, lameda Park, Opal, The Granada Theatre, The rlington Theatre, Santa Barbara Public Market and so much more Wonderful unit mix of spacious units: () Studios and () BD/B apartments, common laundry room and quaint shared courtyard Carport has a new roof and the driveway has just been resurfaced The carport area has a new slurry covering, includes one parking space per tenant and a large storage area within each space Terrific upside in rents that are below market Contact Listing gents for further details Now Offered at $,,000 Proforma CP: % Proforma GRM: Proforma NOI: $, Units Total: () BR+B Units; () Studios Price/Unit $, Building Size ±,0 SF Lot Size ±, SF Price/SF Land $/SF PN 0 0 Zoning R- Year Built

3 location CHPL REET W PEDREGOS REET

4 fo r sa l e p rime -unit apartm ent building PE R lice Keck Park Memorial Gardens ER IO W M G LL Garrett s Old Fashioned Restaurant 0 Carlitos Cafe y Cantina South Coast Deli Cajun Kitchen Cafe -Eleven Loose Pooch Dog Club La Quinta Inn & Suites merican Cleaners EF International Language Campus 0 Santa Barbara Yoga Center The Upham Bed & Breakfast Crushcakes & Cafe The rlington Theatre N I RE OR CT VI E P CH 0 P L Sunken Gardens Mission Street Ice Cream & Yogurt Santa Barbara Public Market The Granada Theatre Starbucks Saigon Kitchen Santa Barbara Public Library Chase Bank Open ir Bicycles U N P M Daily Grind N C E Fielding Graduate University 0 M IC HE LT O E lameda Plaza RE R E N T E VI Y L SL DE EN E W I RD V L G L SI ON E RB W Pedregosa St IS B DR T SO EG OS S N E W P e d r e g o s a s t s a n ta b a r b a r a, c a 0 0 E C a r r i l l o s t S u i t e 0 0 S a n ta B a r b a r a C Fa x r a d i u s g r o u pc o m

5 property photos

6 Executive Summary # Units: Price: $,,000 Price/Unit: $, Proforma NOI: $, Proforma GRM: Proforma CP Rate: % Lot Size:, Price/Lot SF: $/SF Zoning R- PN 0--0 Year Built income analysis Unit Mix & Rent Schedules Current Rent Market Rent # Units Mix Est SF Rent/Unit Monthly Income Rent/Unit Monthly Income Studios ± $,0 $, $, $,00 $,000 / ± $,00 $,0 $,0 $,0 $,00 Monthly Rental Income: $0,00 $,00 Potential Gross nnual Income: $0,0 $0,00 Less: Vacancy & Collection Loss: % $,0 % Vacancy $,0 Effective Gross Economic Income: $, % $, Calculations Current Market EOI: $, $, nnual Exp: $,0 $,0 NOI: $, $, GRM: CP Rate: % % nnual Expenses Current Current % GOI Market % GOI Market Real Estate Taxes: 0% $, % % $, dvertising: Est $0 0% 0% $0 Insurance: ct $, % % $, Utilities: ct $,0 0% % $,0 Electric $0 $0 Water $,0 $,0 Gas $, $, Trash $,0 $,0 Maint/Repairs: $00/Unit $,00 % % $,00 Grounds: ct $,0 % % $,0 Off-site Management: % $, 0% 0% $, Pest Control: Est $00 0% 0% $00 Legal & ccounting: Est $00 0% 0% $00 Reserves: $0/Unit $,00 % % $,00 nnual Expenses Per Unit $, $,0 nnual Expenses $,0 0% % $,0

7 comparable properties sold CRPINTERI W Pedregosa St Property ddress Date of Sale Sale Price # of Units Unit Mix $ Per Unit CP Rate W Pedregosa St, Santa Barbara Subject Property $,,000 () Studios; () BR/B $, Proforma: % Garden St, Santa Barbara // $,00,000 () BR/B; () BR/B (Off-market deal) $, Ocean View ve, Santa Barbara // $,,000 () BR/B; () BR/B Townhouses $, % Castillo St, Santa Barbara (Castillo partments) //0 $,0,000 () BR/B (Off-market deal) $, 0 0 Elm Ln, Carpinteria // $,00,000 () BR/B; () BR/B; () BR/B Townhouse; () BR/B Townhouse $,0 % 0 0 Chapala St, Santa Barbara // $,0,000 () Studios; () BR/B $,0 % Bath St, Santa Barbara // $,0,000 () BR/B; () BR/B; () BR/B $,00 %

8 comparable properties sold, cont CRPINTERI W Pedregosa St Property ddress Date of Sale Sale Price Units Unit Mix $ Per Unit CP Rate W Pedregosa St, Santa Barbara Subject Property $,00,000 () Studios; () BR/B $, Proforma: % 0 Natoma ve, Santa Barbara // $,,000 () BR/B; () Studio $, Proforma % 0 Santa Barbara St, Santa Barbara Pending $,,000 () BR/B $, Proforma 0% San ndres St, Santa Barbara ctive $,0,000 () BR/B; () BR/B $,0 Proforma %

9 rent comparables & ddress Date of Listing Unit Mix Rent W Pedregosa St Subject ()Studios; () bd/ba $,00 $,; $,00 $,0 De La Vina St //0 Studio $, 0 0 Bath St //0 Studio $,0 0 Castillo St pt B //0 Studio $,00 De La Vina St //0 bd/ba $,0 0 Bath St //0 bd/ba $,00 Bath St //0 bd/ba $,0 $, E Valerio St # //0 bd/ba $,