• 26 Individually-Deeded Two-Story Townhomes Operated as a Multi-Family Complex • Assumable Loan: $2,336,656 @ 4.2% • Over $44,000 Principal Reduction Per Year • Extremely Stable Rental Market with High Demand • Property Has an Effective Occupancy Rate of 99% • Value Add Opportunity with $50,000+/- Annual Upside in Rent HOMEOWNERS ASSOCIATION (HOA) • HOA is compliant with the California Department of Real Estate. • The HOA is 100% controlled by the current Owner. • HOA management can be terminated with a thirty-day notice. • HOA management fees, administrative expenses, and capital reserves are optional and not included in this Memorandum. • An HOA is not required for one Owner of all 26 units but would be required if any individual units were to be sold.