926 Carro Drive926 Carro Drive, Sacramento CA 95825O F F E R I N G M E M O R A N D U M

926 Carro DriveCONTENTS

Exclusively Marketed by:

Timothy Swanston Philip McDanielSenior Vice President Associate916-541-3630 (707) 867-5857Lic: 01887506 Lic: 02079234Swanston@ncc1031.com McDaniel@ncc1031.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary 4 Unit Mix Summary 5 Location Summary 6

02 Property Description Property Features 7 Aerial Map 8 Property Images 9

06 Financial Analysis Income & Expense Analysis 12

07 Demographics Demographics 13 Demographic Charts 15

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from North Coast Commercial Incand it should not be made available to any other person or entity without the written consent of North Coast Commercial Inc. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees thatrecipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to North CoastCommercial Inc. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. North Coast Commercial Inc has not made any investigation, and makes no warranty orrepresentation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property andimprovements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvementsthereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, North Coast Commercial Inc has not verified, and will not verify, any of theinformation contained herein, nor has North Coast Commercial Inc conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsiblefor their costs and expenses of investigating the subject property.

926 Carro Drive Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT NORTH COAST COMMERCIAL INC FOR MORE DETAILS.Copyright © 2020 CREOP, LLC. All Rights Reserved.

926 Carro Drive Investment Summary | 04

OFFERING SUMMARYADDRESS 926 Carro Drive

Sacramento CA 95825COUNTY SacramentoMARKET SacramentoBUILDING SF 3,735 SFLAND SF 9,099NUMBER OF UNITS 4YEAR BUILT 1963APN 28502520140000OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $699,000PRICE PSF $187.15PRICE PER UNIT $174,750OCCUPANCY 100.00 %NOI (CURRENT) $30,642NOI (Pro Forma) $50,622CAP RATE (CURRENT) 4.38 %CAP RATE (Pro Forma) 7.24 %GRM (CURRENT) 13.85GRM (Pro Forma) 9.92

PROPOSED FINANCINGLOAN TYPE Fully AmortizedDOWN PAYMENT $244,650LOAN AMOUNT $454,350INTEREST RATE 4.00 %ANNUAL DEBT SERVICE $40,333LOAN TO VALUE 65 %AMORTIZATION PERIOD 15 Years

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 20,947 127,123 367,4632019 Median HH Income $47,726 $60,185 $53,9572019 Average HH Income $69,586 $91,594 $80,092

926 Carro Drive is a fourplex located in the highly desirable community ofSwanston Estates. The property consists of (3) 2 bedroom/ 1 bathroomunits, and (1) 3 bedroom, 1.5 bathroom unit. The property has new paint, anew roof, new vanities- approximately $90,000 in recent propertyupgrades. Tenants are granted access to the community pool locatedacross Northrop Ave on Cathedral Court. All four units are currently rentedout.

926 Carro Drive Unit Mix Summary | 05

Actual MarketUnit Mix # Units Square Feet Current Rent Rent PSF Monthly Income Market Rent Market Rent PSF Market Income

2 bd + 1 ba 1 795 $1,000 $1.26 $1,000 $1,450 $1.82 $1,4502 bd + 1 ba 1 840 $1,250 $1.49 $1,250 $1,450 $1.73 $1,4502 bd + 1 ba 1 840 $1,050 $1.25 $1,050 $1,450 $1.73 $1,450

3 bd + 1.5 ba 1 924 $885 $0.96 $885 $1,800 $1.95 $1,800

Totals/Averages 4 850 $4,185 $1.24 $4,185 $6,150 $1.81 $6,150

926 Carro Drive Location Summary | 06

926 Carro Drive is centrally located within Arden-Arcade andSacramento. Easy access to shopping, the Arden Mall,Sacramento State, Highway 80, and a 15 minute drive themidtown/Downtown districts. The property is located at theend of a dead end street, making it ideally for families withchildren or anyone looking for a quieter location.

Regional Map

Locator Map

926 Carro Drive Property Features | 07

PROPERTY FEATURESNUMBER OF UNITS 4BUILDING SF 3,735LAND SF 9,099LAND ACRES .21YEAR BUILT 1963# OF PARCELS 1ZONING TYPE RD-20 - MULTIPLE FAMILY

RESIDENTIALNUMBER OF STORIES 2NUMBER OF BUILDINGS 1NUMBER OF PARKING SPACES 6WASHER/DRYER Laundry Room

UTILITIESWATER 93.00TRASH 360GAS 115ELECTRIC 31.50

926 Carro Drive Aerial Map | 08

926 Carro Drive Property Images | 09

926 Carro Drive Property Images | 10

926 Carro Drive Property Images | 11

926 Carro Drive Income & Expense Analysis | 12

INCOME CURRENT PRO FORMA

Gross Potential Rent $50,220 $70,200

Laundry Income $240 $240

Effective Gross Income $50,460 $70,440

Less: Expenses $19,818 $19,818

Net Operating Income $30,642 $50,622

Principal Reduction $22,159 $22,159

Total Return 5.1 % $12,468 13.3 % $32,448

EXPENSES CURRENT PRO FORMA

Real Estate Taxes $1,975 $7,899 $1,975 $7,899

Insurance $300 $1,200 $300 $1,200

Maintenance $940 $3,760 $940 $3,760

Pest Control $38 $150 $38 $150

Water $237 $948 $237 $948

County Utilities $549 $2,196 $549 $2,196

Gas $204 $816 $204 $816

Electricity $134 $534 $134 $534

Trash $579 $2,315 $579 $2,315

Total Operating Expense $4,955 $19,818 $4,955 $19,818

Annual Debt Service $10,083 $40,333 $10,083 $40,333

Expense / SF $5.30 $5.30

% of EGI 39.27 % 28.13 %

Per Unit Per Unit

REVENUE ALLOCATION

DISTRIBUTION OF EXPENSES

926 Carro Drive Demographics | 13

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 19,541 121,619 351,833

2010 Population 19,537 120,503 345,610

2019 Population 20,947 127,123 367,463

2024 Population 21,729 130,921 381,113

2019 African American 2,769 11,139 37,565

2019 American Indian 188 1,185 4,486

2019 Asian 1,918 10,421 39,696

2019 Hispanic 5,101 27,952 98,829

2019 Other Race 2,466 11,603 44,269

2019 White 11,676 82,802 210,269

2019 Multiracial 1,769 9,125 27,740

2019-2024: Population: Growth Rate 3.70 % 2.95 % 3.65 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 1,542 7,293 20,423

$15,000-$24,999 1,007 4,929 14,805

$25,000-$34,999 1,129 4,888 13,796

$35,000-$49,999 1,599 6,561 20,241

$50,000-$74,999 1,747 9,016 25,573

$75,000-$99,999 1,188 6,703 17,357

$100,000-$149,999 1,118 8,096 19,585

$150,000-$199,999 391 3,666 8,224

$200,000 or greater 465 5,160 9,682

Median HH Income $47,726 $60,185 $53,957

Average HH Income $69,586 $91,594 $80,092

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 10,541 58,545 153,290

2010 Total Households 9,618 53,866 141,859

2019 Total Households 10,187 56,311 149,686

2024 Total Households 10,515 57,736 154,805

2019 Average Household Size 2.03 2.21 2.41

2000 Owner Occupied Housing 2,438 26,853 67,489

2000 Renter Occupied Housing 7,611 29,146 77,748

2019 Owner Occupied Housing 2,614 25,965 66,693

2019 Renter Occupied Housing 7,573 30,346 82,993

2019 Vacant Housing 1,120 4,685 12,492

2019 Total Housing 11,307 60,996 162,178

2024 Owner Occupied Housing 2,726 26,813 69,226

2024 Renter Occupied Housing 7,789 30,922 85,579

2024 Vacant Housing 1,144 4,742 12,614

2024 Total Housing 11,659 62,478 167,419

2019-2024: Households: Growth Rate 3.20 % 2.50 % 3.35 %

Source: esri

926 Carro Drive Demographics | 14

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 2,029 9,082 28,108

2019 Population Age 35-39 1,495 7,969 24,868

2019 Population Age 40-44 1,147 7,118 21,348

2019 Population Age 45-49 1,063 7,337 21,344

2019 Population Age 50-54 1,017 7,365 21,600

2019 Population Age 55-59 1,070 8,023 23,219

2019 Population Age 60-64 986 7,666 21,962

2019 Population Age 65-69 836 6,894 18,663

2019 Population Age 70-74 696 5,490 14,153

2019 Population Age 75-79 485 3,833 9,431

2019 Population Age 80-84 349 2,778 6,661

2019 Population Age 85+ 558 3,845 8,692

2019 Population Age 18+ 17,263 103,236 290,081

2019 Median Age 33 38 37

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $48,647 $56,173 $53,503

Average Household Income 25-34 $67,609 $77,996 $73,276

Median Household Income 35-44 $52,952 $77,180 $64,435

Average Household Income 35-44 $74,785 $104,635 $90,405

Median Household Income 45-54 $58,693 $83,932 $68,708

Average Household Income 45-54 $88,360 $119,595 $98,833

Median Household Income 55-64 $55,783 $73,241 $59,089

Average Household Income 55-64 $82,847 $109,206 $87,550

Median Household Income 65-74 $47,677 $60,416 $50,610

Average Household Income 65-74 $72,222 $94,053 $78,183

Average Household Income 75+ $52,365 $62,197 $56,911

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 1,853 9,046 29,733

2024 Population Age 35-39 1,551 8,012 25,890

2024 Population Age 40-44 1,293 7,808 24,295

2024 Population Age 45-49 1,108 7,203 21,550

2024 Population Age 50-54 993 7,273 21,373

2024 Population Age 55-59 983 7,375 21,387

2024 Population Age 60-64 1,042 7,777 22,299

2024 Population Age 65-69 889 7,230 20,121

2024 Population Age 70-74 734 6,213 16,470

2024 Population Age 75-79 583 4,960 12,366

2024 Population Age 80-84 420 3,304 7,895

2024 Population Age 85+ 553 3,873 8,739

2024 Population Age 18+ 17,960 106,596 301,243

2024 Median Age 33 39 37

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $59,988 $67,855 $63,119

Average Household Income 25-34 $82,354 $93,272 $87,544

Median Household Income 35-44 $65,751 $85,616 $76,398

Average Household Income 35-44 $91,158 $118,441 $103,891

Median Household Income 45-54 $70,154 $96,424 $80,823

Average Household Income 45-54 $104,745 $135,383 $114,124

Median Household Income 55-64 $64,772 $83,859 $68,771

Average Household Income 55-64 $97,287 $125,305 $102,211

Median Household Income 65-74 $56,790 $69,382 $56,994

Average Household Income 65-74 $87,517 $110,382 $91,586

Average Household Income 75+ $65,076 $74,864 $68,310

926 Carro Drive Demographic Charts | 15

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Population by Race

926 Carro Drive Demographic Charts | 16

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

926 Carro Drive

Exclusively Marketed by:

Timothy Swanston Philip McDanielSenior Vice President Associate916-541-3630 (707) 867-5857Lic: 01887506 Lic: 02079234Swanston@ncc1031.com McDaniel@ncc1031.com

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