TOUCHSTONE COMMERCIAL PARTNERS, INC. // www.tcpre.com // Corp. Lic. 01112906

INVESTMENT HIGHLIGHTS

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Four (4) Clean, Well Maintained Two-Bedroom, One-Bath Units

Two (2) Stories, Built In 1963

100% Occupied

On And Off-Site Management In Place

Storage Unit For Each Apartment

Off-Street Designated Parking Spaces For Every Unit

Property Has Been Meticulously Maintained During Current Ownership

Laundry Area w/Hookups Available

One of 16 buildings built simultaneously on one street mandated to operate under the terms and conditions of a diligent, proven low cost Homeowners Association that makes for a community of buildings maintaining the rules and guidelines of the HOA which augment this stable investment opportunity. This is a quality location that drives high rents and low vacancy for a four-unit investment opportunity. Low owner attrition shows, the majority of owners have happily owned their buildings within this community due to low crime, well kept exterior premises, and diligent, experienced 24/7 on and off-site management.

ADDRESS 1718 Fillmore Street, Fairfield, CA 94533

BUILDING SIZE +/- 3,344 Square Feet

LOT SIZE +/- 6,400 Square Feet

SALE PRICE $569,000

APN 0033-122-120

FOURPLEX FOR SALEFAIRFIELD, CA

TOUCHSTONE COMMERCIAL PARTNERS, INC. // www.tcpre.com // Corp. Lic. 01112906

INCOME &EXPENSES 1718 FILLMORE

STREET

ANNUAL INCOME

Potential Rental Income $64,800

Less: Vacancy & Cr. Losses $1,296

Effective Rental Income $63,504

Plus: Other Income (collectable) $600

GROSS OPERATING INCOME $64,104

ANNUAL EXPENSES

Property Taxes $6,544*

Property Insurance $1,450

Off Site Management $3,600

Repairs and Maintenance $1,620*

Refuse $2,723

PG&E $1,400

Water $3,639

Monthly HOA Dues $4,200

TOTAL OPERATING EXPENSES $25,176 (40% GOI)

NET OPERATING INCOME $38,928 (6.84% CAP)

Less: Annual Debt Service $25,294

CASH FLOW BEFORE TAXES $13,634 (7.06% COC)

*Estimated

TOUCHSTONE COMMERCIAL PARTNERS, INC. // www.tcpre.com // Corp. Lic. 01112906

Property has a walk-score of 76 out of 100. Located right between Highways 80 & 12, this location is very walkable to many prime retailers around the corner making day-to-day life easy. A short drive will serve any other retail need, but some proximal retailers include Starbucks, IHOP, CVS Pharmacy, Oakmont Plaza Retail Center, regional and national banks including Chase and B of A, miscellaneous small retailers, community services, combined with both seated and fast casual dining including American, Mexican, Thai, Mountain Mike’s Pizza and Yo Sushi. There are local grocers such as Food Max and Grocery Outlet, along with Big Five Sporting Goods, Chevron combined with local public transportation makes this a quality location.

LOCATIONOVERVIEW 1718 FILLMORE

STREET

1718 FILLMORE STREET

1718 FILLMORE STREET

MATT GORMAN, CCIMdirect 415-539-1118 // cell 510-847-0024mattgorman@tcpre.com // BRE # 01345280

Matt Gorman has 17+ years of real estate experience advising multi-family and mixed-use property owners on landlord-tenant issues, property sale preparation, transaction strategies, and 1031 Tax Deferred Exchange planning. As a Senior Advisor for Touchstone Commercial Partners, Inc. in San Francisco, Matt leverages Touchstone’s marketing and advertising platform to ensure his listings outshine the competition. Clients look to his experience, honest appraisal, and timely insight to make informed decisions that drive profitable results.

Touchstone recently recruited Matt to lead its multifamily investment sales division because of his vast experience in the rent-controlled apartment markets of Oakland, Emeryville, Berkeley and Alameda. Matt’s track record brings tangible value in the acquisition, repositioning, and disposition of apartment buildings in the equally complex rent-controlled environment of San Francisco. As he begins this new chapter in his career, Matt looks forward to serving as a valued partner and trusted advisor to the commercial investment community.

Touchstone’s net leased team of brokers is a perfect adjunct for Matt’s 1031 clientele. Prior to formally marketing a property, Matt can help his clients identify prospective trade properties so they are prepared for the up-leg side of the exchange. His depth and breadth of expertise has helped clients navigate transactions that range from traditional to highly complex, both in and out-of-state. Throughout his career, Matt has owned multiple investment properties, a successful management company, and two real estate brokerages. In addition, Matt has held the highly regarded CCIM designation throughout his career.

TOUCHSTONE COMMERCIAL PARTNERS, INC. // www.tcpre.com // Corp. Lic. 01112906