NRT

OFFERING MEMORANDUM

SAN CLEMENTE, CALIFORNIA | 520-524 AVENIDA VICTORIA

201 MARINE AVENUE | BALBOA ISLAND, CA 92662 | 949.903.7649

Michael Sacks & Emanuel Fabian, and Coldwell Banker has not made any investigations, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance, the size and square footage of the property and improvements, the presence or absence of contaminating substances, or the future condition of business prospects of any tenant, or tenant's plans or intentions to continue occupancy of the subject property. The information has been obtained from sources we believe to be reliable, however, Michael Sacks & Emanuel Fabian, and Coldwell Banker have not verified, and will not verify any of the information, contained herein, nor have they conducted any investigation regarding these matters and makes no

warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

520-524 AVENIDA VICTORIA, SAN CLEMENTE, CA | 12 UNIT APARTMENT COMPLEX w/ 1 NC STUDIO

Presented By:

NRT

EMANUEL FABIAN

Cell: 714.213.3124

Office: 949.346.4801

Email: ef@PacificSouthCoast.com

Lic# 01970269

MICHAEL SACKS

Cell: 949.887.9971

Office: 949.903.7649

Email: ms@PacificSouthCoast.com

Lic# 01945984

SOUTHERN CALIFORNIA INVESTMENT REAL ESTATE

San Clemente, California

Spanish Village By The Sea...

Location: 520-524 Avenida Victoria

City & State: San Clemente, CA

Year Built: 1958

Livable Sq.Ft.: 8,476

Lot Sq.Ft.: 12,454

Number of Units: 12+1

Parking: (12) Garages & Driveway Spaces

Ocean Views, Balconies, Pool & Onsite Laundry Amenities:

Price: $6,500,000

Cost/ Sq.Ft.: $766.87

Cost/ Unit: $500,000

Iconic “Pier-Bowl” Apartment Complex

Investment Description

SAN CLEMENTE, CALIFORNIA

This investment opportunity is located along the southern California coastline; offering expansive ocean views, cool pacific breezes and beautiful sandy beaches are

only steps away. This property is located in the coveted “Pier-Bowl” area and within close proximity of the Downtown District. This project proves to have tremendous

upside as the apartments interiors are clean and bright with mostly original apartment grade spaces. Repairs have been made on an as needed basis; including:

plumbing, electrical, roofing and cosmetics. The four properties have been professionally managed and maintained; and the tenants have proven to feel at home per

the history of long-term tenancy this building offers. This is a rare opportunity to purchase property in a priceless location; this coastal real estate is clearly a fine

investment for the forward thinking, legacy building principle.

ANNUALIZED OPERATING DATA

Current Market Scheduled Gross Income: $296,160 $375,480

Vacancy Reserve: -$8,885 3.0% -$11,264 3.0%

Gross Operating Income: $287,275 $364,216

Expenses: -$127,150 42.9% -$127,150 29.1%

Net Operating Income: $160,125 $237,066

Less Loan Payments: -$209,360 -$209,360

Gross Spendable Income: -$49,235 $27,705

Cap. Rate: 2.46% 3.6%

Gross Rent Multiple: 21.95 17.31

Debt Coverage Ratio: 0.76 1.13

ANNUALIZED EXPENSES

Taxes (Est.): -$74,750

Tax Rate (Est.): 1.15%

Insurance (Est.): -$3,836

Utilities (Est.): -$29,256

Landscaping: -$2,000

Maintenance: -$14,808 5.0%

Management/Admin(Est.): -$2,500

Total Expenses: -$127,150

PROPOSED FINANCING

LTV: 50%

Down Payment: $3,250,000

Loan Amount: $3,250,000

Interest Rate: 5.00%

Term: 30 Yr., Fixed for 3 Yrs.

Monthly Payment: $17,446.70

THE FIGURES

The information included in this package was obtained from sources that we

believe are reliable, however we cannot accept responsibility for it’s accuracy.

UNIT MIX & RENT SCHEDULE

Unit Type Notes

Current Rents

Market Rents

1BR/1BA Partial View $1,900 $2,200

1BR/1BA Partial View $2,200 $2,200

1BR/1BA Partial View $2,000 $2,200

1BR/1BA Partial View $2,150 $2,100

2BR/1BA Manager/ Partial View $0 $2,800

2BR/1BA Ocean View $2,100 $3,000

2BR/1BA Partial View $2,050 $2,800

2BR/1BA Ocean View $2,100 $3,000

1BR/1BA Partial View $2,195 $2,300

1BR/1BA Ocean View $2,000 $2,500

1BR/1BA Partial View $2,250 $2,200

1BR/1BA No View $1,900 $1,995

Studio (NC) Ocean View $1,550 $1,595

Other Income: $285 $400

Monthly Total: $24,680 $31,290

Annual Income: $296,160 $375,480

520-524 Avenida Victoria

Dana Point Harbor

San Clemente Pier

The Outlets at San Clemente

The Strand at Headlands

Custom Luxury Homes

Sea Summit at Marblehead

Custom Luxury Homes

Trestles Beach

World Famous Surfing

Downtown San Clemente

Ole Hanson Beach Club

SUBJECT PROPERTY

San Clemente State Beach

The Dana Point Lantern District (Downtown)

California’s southern coastal region is known for it’s coveted climate and spectacular beaches.

Such as the timeless San Onofre Surfing Beach shown here.

San Clemente

SPANISH VILLAGE BY THE SEA

Spanish tile rooftops, whitewashed buildings and beautiful palm trees

decorate the bluffs of this authentic coastal town. Halfway between Los

Angeles and San Diego, the historic “Spanish Village by the Sea”

embodies the relaxed and coastal lifestyle that comes from a classic

seaside setting and culture.

San Clemente is a city in Orange County, California. It's known for the

state beaches, with their surf breaks and sandstone bluffs. Running

along the coast, the Beach Trail offers sea views and green parks.

Casa Romantica Cultural Center and Gardens embodies the city's

original Spanish-style architecture.

San Clemente residents often think of their town as paradise—where

the 1920’s vision of a Spanish Village by the Sea still lingers, the sun

shines 342 days a year and the conveniences of metropolitan Southern

California are balanced by fresh ocean air and beaches untouched by

time. Just 75 years ago, most of the coastal land between Los Angeles

and San Diego was no more than barren rolling hills covered with

mustard and sagebrush. San Clemente was no exception.

“It is on the coast. Its climate is superb. It is far enough from San Diego

and Los Angeles to fill a real necessity. “ -Ole Hanson (Founder of The

City of San Clemente”

People indeed love beautiful places and the boom in San Clemente’s

population, this year reaching 67,892 in this 80 year-old community,

reflects the popularity of San Clemente and the development that has

transformed all of Orange County in the past century.

LIFESTYLE

520-524 Avenida Victoria, San Clemente, California

Michael Sacks & Emanuel Fabian, and Coldwell Banker has not made any investigations, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance, the size and square footage of the property and improvements, the presence or absence of contaminating substances, or the future condition of business prospects of any tenant, or tenant's plans or intentions to continue occupancy of the subject property. The information has been obtained from sources we believe to be reliable, however, Michael Sacks & Emanuel Fabian, and Coldwell

Banker have not verified, and will not verify any of the information, contained herein, nor have they conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.