Corona Apartments4068 Moody Street Corona, CA 92879

LEOLA Commercial, Inc. | 26575 Ruether Ave 2nd Floor | Santa Clarita, California 91350 | www.leolacommercial.com

Corona Apartments4068 Moody Street Corona, CA 92879

LEOLA Commercial, Inc. | 26575 Ruether Ave 2nd Floor | Santa Clarita, California 91350 | www.leolacommercial.com

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Tabl

e of

Con

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1. Executive SummaryProperty DetailsRent Roll SummaryRent RollFinancial IndicatorsExpense SummaryPotential Development Analysis

2. Property InformationSubject Property MapParcel MapProperty Photos

3. Market Indicators

Rental MarketSales Market

4. Contact Information

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

The information contained herein is strictly confidential. It is intended for the sole party receiving it directly from LEOLA Commercial, Inc., and should not be made available to any other person without the direct consent of LEOLA Commercial, Inc. This marketing proposal has been prepared to provide information to the prospective sellers. It does not, however, purport to present all material information regarding the subject property and it is not a substitute for a thorough investigation by the sellers. LEOLA Commercial, Inc. has not made any investigation, and makes no warranty or representation with respect to the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue or renew its occupancy of the subject property. All market analysis projections are provided for reference purposes only and are based on assumptions relating to general market conditions, competition, and other various market indicators. The information contained in this proposal has been obtained from sources we believe to be reliable; however LEOLA Commercial, Inc. has not conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided herein.

Con

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1Property DetailsRent Roll SummaryRent RollFinancial IndicatorsExpense Report

Section 1 Executive Summary

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Count Unit Type Number Units / Type Average Rent Total Rental

Income Market Rent Total Market Income Sqft Rent / SF Market Rent/SF

1 Studio 1 $650 $650 $900 $900 400 $1.63 $2.25

2 1x1 2 $888 $1,775 $1,100 $2,200 750 $1.18 $1.47

3 2x1 4 $956 $3,825 $1,350 $5,400 875 $1.09 $1.54

Total Units: 7Total Monthly Rent: $6,250 $8,500

Annual Rental Income: $75,000 $102,000 26.47% Potential Rental Upside

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Address Corona Apartments4068 Moody StreetCorona, CA 92879

Ownership Glenoaks Property Managment, LLC

APN 115-221-018

Year Built 1950Building SF 4,500

Lot SF 9,291

No. of Buildings 1

Property Type Multi-Family

Parking First FloorRoof Pitched

Construction Wood Frame StuccoLaundry Rooms 1

Entrance Gate / OpenRent Control State

Section 8 N/A

Prop

erty

Det

ails

Site Amenities: Unit Amenities:1. Secured Parking AC Wall Units2. Controlled Access Laminate Floors3. Courtyard Tropical Landscapping4. Gated

DisclosureProperty is being sold “As, Is” No credits or concessions shall begiven.

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Current At Market Rent ProForma

Price $899,000 $899,000 Down Payment $449,500 50.00% $449,500 50.00%

Units 7 7 Year Built: 1950 1950Price/Unit $128,429 $128,429

Current GRM 12.36 -Current CAP 4.87% -

Proforma GRM - 9.09Proforma CAP - 7.78%

Building SF 4,500 4,500 Lot SF 9,291 9,291

Cost/Building SF $199.78 $199.78 Cost/Lot/SF $96.76 $96.76

Annual Rental Income $75,000 $102,000 Vacancy: $2,250 3% $3,060 3%

Laundry: $0 $0

Effective Gross Income $72,750 $98,940 Less Estimated Expenses $28,968 39.82% $28,968 29.28%

Net Operating Income $43,783 $69,973

Loan Payments $25,752 $25,752 Pre-Tax Cash Flow $18,031 4.01% $44,221 9.84%

Principal Reduction $7,772 $7,772 Total Return Before Taxes $25,803 5.74% $51,993 11.57%

Financing Buyer shall obtain a new loan at market rates and terms or purchase the property “ALL CASH.”

Fina

ncin

gIn

dic

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s Financing: $449,500

Rate: 4.00%Amortization: 30DSCR: 1.25

Fina

ncia

l Ind

icat

ors

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Estim

ated

Exp

ense

Rep

ort

Estimated Expenses % of GOI Per Unit Per/SF

Property Tax: $11,238 15.45% $1,605 $2.50Insurance: $2,300 3.16% $329 $0.51Gardening: $480 0.66% $69 $0.11Plumbing: $500 0.69% $71 $0.11Maintenance: $4,700 6.46% $671 $1.04Trash Disposal: $1,850 2.54% $264 $0.41Gas: $650 0.89% $93 $0.14Off-Site Manager: $2,250 3.09% $321 $0.50Electric: $1,500 2.06% $214 $0.33Water: $3,500 4.81% $500 $0.78Total: 39.82% $28,968 Per Net Square Feet: $6.44 Per Unit: $4,138

2Subject PropertyParcel MapProperty Photos

Section 2 Property Information

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Subj

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Subject PropertyCorona Apartments4068 Moody StreetCorona, CA 92897

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Parc

el M

ap

Corona Apartments4068 Moody Street Corona, CA 92879

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Prop

erty

Pho

tos

Corona Apartments4068 Moody Street Corona, CA 92879

3The Rental MarketThe Sales Comparable

Section 3 Market Indicators

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Sale Comparables

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

The

Sale

s Com

para

ble

Comparable Address Price Price/Unit Building Size Price/SqFt. GRM CAP

Rate1. Lime Street Apartments Units: 5 $810,000 $162,000 2,175 $372.41 - 4.00%

3469 Lime Street Built: 1986Riverside, CA 92501 Days on Market: 3 Months 8 Days

Close of Escrow: July 23, 2020

2. Palm Apartments Units: 8 $1,700,000 $212,500 7,648 $222.28 - 4.69%4561 Palm Ave. Built: 1984Riverside, CA 92501 Days on Market: 7 Days

Close of Escrow: February 10, 2020

3. Brockton Apartments Units: 6 $1,025,000 $170,833 3,940 $260.15 6.72%3948 Brockton Ave. Built: 1953Riverside, CA 92501 Days on Market: 2 Months 27 Days

Close of Escrow: July 6, 2018

4. McFarland Apartments Units: 11 $2,060,000 $187,273 10,749 $191.65 13.40 5.00%4629 McFarland Street Built: 1963Riverside, CA 92506 Days on Market: 10 Months 6 Days

Close of Escrow: September 18, 2019

5. Grand Apartments Units: 9 $1,450,000 $161,111 5,935 $244.31 12.50 5.40%610-612 Grand Blvd. Built: 1974Corona, CA 92882 Days on Market: 2 Months 10 Days

Close of Escrow: September 16, 2019

6. Harvill Apartments Units: 8 $1,350,000 $168,750 7,620 $177.17 13.81 5.58%3761 Harvill lane Built: 1975Riverside, CA 92503 Days on Market: 3 Months 13 Days

Close of Escrow: August 29, 2019

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

Price Price/Unit Building Size Price/SqFt. GRM CAP

RateSP Corona Apartments Units: 7 $899,000 $128,429 4,500 $199.78 12.36 4.87%

4068 Moody Street Built: 1950Corona, CA 92879 Days on Market: TBD

Close of Escrow: TBD

Comps Summary No Units Year Built Price Price/Unit Build SF Price/SF GRM CAP

Averages: 8 1973 $1,399,167 $177,078 6,345 $244.66 13.24 5.23%

2020 Indicators: 7 1950 $899,000 $128,429 4,500 $199.78 12.36 4.87%

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

1 2 3 4 5 6 Avg SubjPrice $810,000 $1,700,000 $1,025,000 $2,060,000 $1,450,000 $1,350,000 $1,399,167 $899,000

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Sales Price Comparison

1 2 3 4 5 6 Avg SubjPrice/Unit $162,000 $212,500 $170,833 $187,273 $161,111 $168,750 $177,078 $128,429

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Price Per Unit Comparison

1 2 3 4 5 6 Avg SubjPrice/SF $372.41 $222.28 $260.15 $191.65 $244.31 $177.17 $244.66 $199.78

$0.00

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

$350.00

$400.00

Price Per Building Sqft. Comparison

1 2 3 4 5 6 Avg SubjCAP Rate 4.00% 4.69% 6.72% 5.00% 5.40% 5.58% 5.23% 4.87%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

CAP Rate Comparison

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Corona Apartments4068 Moody Street Corona, CA 92879

1 2 3 4 5 6 Avg SubjGRM 0.00 0.00 0.00 13.40 12.50 13.81 13.24 12.36

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

GRM Comparison

LEOLA Commercial, Inc. makes no warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Con

tact

Info

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ion

Gabriel ChipeSenior Associate

26575 Ruether Ave 2nd Floor Santa Clarita, California 91350d 818 482 3666f 818 900 0703

gabe@leolacommercial.com

CA DRE: 02056431

Jesus H. HenaoManaging Principal

26575 Ruether Ave 2nd Floor Santa Clarita, California 91350d 818 570 3301f 818 900 0703m 818 445 1467jesus@jesushenao.com

CA DRE: 01254076