Multi-Family

Alabama

·Multifamily Housing $7098600

Unique multifamily offering with 6 year initial term master lease with creditworthy tenant. GO Zone qualified opportunity in Mobile and Baldwin Counties Alabama priced at 8% cap rate. For more information, please call.

Haran Hunter
e-PRO
J. Barrons, LLC
251-752-3984
251-625-1220
251-650-1970
E-mail Me
www.haranhunter.com
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Alaska

·96 Unit Apartment Complex

Total Units: 96 (consisting of 12 buildings, each with 8 townhouse-style 2 and 3 bedroom units) Building S.F.: 158,304 (includes 51,168 s.f. Under-building parking) Land Area: 5.24 acres List Price: $19,000,000 Address: William Jones Circle, Anchorage, Alaska Year Completed: 2006 Zoning: R-3; Multiple Family Residential District Highest & Best Use: Condominium conversion (units were built with conversion in mind) Capitalization Rate: 6.01% Financing: New or assume existing $13,900,000 note (40 year, 5.975%, non-recourse) Aurora Park consists of 12 townhouse style buildings each with 4 three bedroom and 4 two bedroom apartments. Completed in 2006 by Discovery Construction, each unit was built for eventual conversion into condominiums. Appreciation for similar condos in Anchorage has averaged 6.14% since 1994 and economic indicators suggest a similar trend for the years to come. The project is currently being managed as an apartment complex with a pro forma cap rate of 6.01%. This is the perfect project for an investor wanting long term appreciation with cash flow.View the project in detail and go to http://www.ravenwoodrealestate.com/aurora_park/index.htm

Robert Martin
CCIM
Ravenwood Real Estate
907-229-8681
907-694-9555
907-694-9555
E-mail Me
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Arizona

INVESTMENT OPPORTUNITY 19 UNITS $1,220,000

CLOSE IN 19 UNIT COMPLEX. ALL 2 BEDROOM, 1 BATH. MOST ARE REMODELED.

PAT JACKSON
GRI
SELMAN AND ASSOCIATES
Direct: 928-486-7853Office: 928-453-7845
Fax: 928-855-0225
E-mail Me
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7 Plex Roosevelt Historic District Down Town Phx. $630,000

LOVELY 7 PLEX LOCATED IN THE HEART OF PHOENIX, ROOSEVELT HISTORIC DISTRICT. THIS CRAFTSMAN STYLE BUNGALO IS A TRUE CLASSIC.FEATURING 4 ONE-BEDROOM UNITS W/HARDWOOD FLOORS AND FIREPLACE. 3 EFFINCENCY APTS IN REAR. THE ARTS DISTRICT, SPORTS ARENA, THEATERS, FINE DINING,SHOPPING, ASU AND T-GEN CLOSE BY.E/Z ACCESS TO ALL MAJOR FREEWAYS AND SKY HARBOR AIRPORT. WALK TO LIGHT RAIL. SELLER FINANCING AVAIL 6% FOR 3 YEARS WITH 35% DOWN. SELLER WILL LOOK AT ALL OFFERS.

Peggy Hickey
Award Realty
Direct: 623-326-4265Office: 602-978-4289
Fax: 602-3283-5517
E-mail Me
www.awardrealty.com
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Investment Opportunity!!! $379000

Perfect for any investor. Renters in place. Great location for this Kingman TriPlex on the corner of E Gates and Los Angeles. All 3 rooms are 2 bed 1 bath and all carports. Very close to schools, shopping, hospital. Owner will consider any and all offers!!

Jerilynn Riggins
Realtor
Rising Bid Realty
Direct: 928-704-9780Office: 928-704-9780
Fax: 928-704-9782
E-mail Me
www.risingbidrealty.com
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Luxury 12 unit multifamily garden apartments $$2 million

This property very well located in West Sedona, designed and built by a local contractor. Features 6 two bedroom with fireplace, laundry room, patio, covered parking beautifully landscaped and many other deluxe features additionally has six one-bedroom units all have enjoyed a very high occupancy. Property complete and rented within the last five years. A neighborhood shopping center including restaurants and grocery stores etc. within aprox three city blocks

Anthony Harper
Broker
Anthony Harper Realty
Direct: 928-300-7500Office: 928-282-5585
Fax: 928-282-1585
E-mail Me
Sedona Harper.com
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Two Houses for the Price of One! $319000

Completely remodeled; two historic houses on one lot in the heart of downtown Phoenix! Property zoned R-5; residential or office use. Located in the acclaimed Woodland Historic District walking distance from the State Capitol, government offices and all of the dining & entertainment in downtown including the ASU downtown campus and the new light rail system. Live in the back house, put your office in the front house or rent one out to save $$$ on your mortgage payment! Each house is approx. 1,000 square feet and has 2 full bedrooms (or offices) and 1 bathroom w/ full kitchens, living rooms and each has its own separate in-door laundry room. Covered parking for two cars from alley and plenty of street parking in front. Properties both restored w/ all new electric, plumbing, HVAC, roof w/ new hard wood flooring and ceramic tile and new carpeting and appliances. Priced to sell below appraisal! GREAT income property; should rent for approx. $1,800 per mo. for both! Make us an offer TODAY! Renovation to be complete Oct 26th Move in before Halloween! E-mail us or Call owner/agent TODAY! Sean OCarroll @ (602) 370-0321

Sean O'Carroll
CPM
Realty World Southwest
Direct: 602-370-0321Office: 480-456-5656
Fax: 866-254-0257
E-mail Me
www.realtyworldaz.com
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Wavertree Apartments $5,500,000

Wavertree is 104 room student housing property located less than a half mile from Northern AZ University and Coconino Community College. The property was built in 1995 with quality construction by the owner operator. This property has much upside potential including below market rents of $50-75 per unit per month, implementing a RUBs program, and the supply constrained multifamily market of Flagstaff. This school year NAU overbooked the dorms in the vicinity of 600 students and referred overage to Wavertree. With a long history of 100% occupancy, this property produces a actual Cash on Cash return of just under 6% for this year and next year proforma over an 8.5%. Please email or call me for a complete investment package.

John McDonnell
Multifamily Investment Specialist
Axxiom Partners, LLC
480-656-8636
480-656-8606
E-mail Me
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·Lindsay Palms $13,200,000

BID DATE: AUGUST 22, 2007. 132 UNITS. 1998 Construction Beautiful Pool & Spa Near Superstition Freeway / 202 Freeway Pitched Cement Tile Roofs / Luxury Clubhouse / Fitness Center Full-Size Washer & Dryers in All Units RUBs System in Place Four Spacious Floor Plans (976 Average SF) Nine-Foot Ceilings Seperate Meters No Barriers to New Financing

Cuck LaBenz
6029121631
E-mail Me
www.hendrickspartners.com
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·North Phoenix 4plexs $435000

Gated community consists of 72 individually owned Great 4 plexes!! On site management, pool, soccer field. Apartments renovated in 2004. New appliances; dishwashers, refrigerators, central A/C. Washer/Dryer hook ups. Vinyl wood grain flooring, new carpet. Buildings have either (1-1BR-1BA;2-2BR-2BA;1-3BR-3ba) or (4-2BR/2BA) Large units!! Rents $695 for 1BR; $700-$720 for 2BR and $945 for 3BR. Complex has 11% vacancy going to 8%. Gross Inc $36,720. Exp=$8850 6.4 CAP

Carol Reid
CCIM
O48 Realty
602-799-7339
602-799-7339
888-866-2975
E-mail Me
www.reidynamics.com
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·2741 West Colter Street $669,000

8 Units Pro Forma Cap Rate: 6.10%

Jason Kutasi
Hendricks & Partners
6025221437
E-mail Me
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·Campus Lofts

Campus Lofts is a 19 unit project currently being operated as a private dormitory with 37 beds. Strong Tempe Location Adjacent to ASU's Main Campus (63,000 students) 5.98% Cap rate with the upside of strong rent increases in the submarket Only $37,564 per bed Individually metered electrical with potential for full RUBs Potential redevelopment site with rezone to MU-4 Mixed use zoning (18,380 sq ft) In Light Rail Development District - within Light Rail Corridor Additional 163 unit, Campus Pointe Apartments across the street available as well

John Kobierowski
Hendricks and Partners
602.912.1621
E-mail Me
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·Garden-style Buildings

29th Place is a 12 unit apartment located on the corner of Oak St. And 29th Place comprised of six separate garden-style buildings. The Project consists of three separate parcels allowing for the potential of residential financing and a LOW DOWNPAYMENT. 29th Place has a desirable unit mix of (10) 2-bed / 1-bath units and (2) 1-bed / 1-bath units.

Jason Kutasi
Hendricks and Partners
602-522-1437
E-mail Me
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·Panorama Village

This property is a half acre zoned R-3. The adjacent property (please visit Panorama Village) is also listed with Hendricks and Partners adding another 3/4 acres for a total assemblage of 1.25 acres +/-

Jason Kutasi
Hendricks and Partners
602-522-1437
E-mail Me
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Arkansas

Westwood Apts, West Memphis, AR (Memphis, TN MSA) $4,100,000

This apartment community consists of one and two bedroom flats and two bedroom townhomes, 1400 SF leasing office and maintenance storage building; in-ground swimming pool; 1260 SF laundry building with coin-operated washer and dryers. Location: Just 10 minutes from Memphis, TN and 10 minutes away is the new Hino Motors Manufacturing plant that started production Oct. 2006 on a 200-acre site; Hino just announced that it will invest $70 Million at 400,000 SF plant. Hino employees 200 workers and the number while eventually reach 450 or more For more property information go to: http://www.woodyardrealty.com/buyers/detail.asp?id=156

Steve Woodyard
CCIM
Woodyard Realty Corp.
Direct: 901-842-5320Office: 901-767-1998 ex. 4
Fax: 901-766-0999
E-mail Me
www.WoodyardRealty.com
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·The Crossing At Thornton Ferry Apartments 8 Cap Pf $7,850,000

8% Cap Rate Pro-Forma on low initial lease-up rates - upside potential. Expansion pad for 16 more city approved units included. 110 units NEW 90%+ leased and 85% occupied already and construction is not complete, no amenities yet Amenities added late 2007 include: Nice Covered parking Spacious pool with 3 jet fountains Gated entries Fitness Center with Tanning Room Rates to increase after amenities are installed. All concrete drives and parking - no asphalt to maintain. Impossible to build this product for this price today. New construction - Leased up - no catches. Come and inspect. Call for new reduced price. 501-5113-0505

Chris Thornton
J.C. Thornton & Company, LLC
501-513-0505
E-mail Me
jcthornton.com
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· 32 unit Apartment Complex, Rogers,

�Lots of updates (appliances & roofs)
$187,000.00 gross rents in '05
Clubhouse & in-ground pool
Sale Price $1,775,000.00

Denis Fleming, (479) 530-3625
Lindsey & Associates, Inc.
1200 E. Joyce Blvd.
Fayetteville, AR 72703
(800) 748-8798 ext. 4130
E-mail Me
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California

10 Villas ~ 1920's Architectural Gem $2,100,000

10 Unit Courtyard GSAI of $131,100; tenants pay all utilities except water. All one-bedrooms each with hardward throughout the living areas built in 1923. Tenant magnet with 6-uncovered parking spaces. Seven (7) buildings, 6 bungalows and one fourplex constructed of wood frame and stucco. Most 8 units have new hot and cold water copper pipe. Tile bathroom and utility rooms. Subject to West Hollywood Rent Control.

Bill Weatherby
Broker
Weatherby Realty, Inc.
Direct: 310-909-5050
E-mail Me
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10 Villas Classic 1920's Architectural Gem $2,100,000

10 Unit Courtyard GSAI of $131,100; separately meetered for everything but water. All one-bedrooms each with hardward throughout the living areas built in 1923. Tenant magnet with 6-uncovered parking spaces. Seven (7) buildings, 6 bungalows and one fourplex constructed of wood frame and stucco. Most 8 units have new hot and cold water copper pipe. Tile bathroom and utility rooms. Subject to West Hollywood Rent Control.

Bill
Broker
Weatherby Realty, Inc.
Direct: 310-909-5050
E-mail Me
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8 Units Two fourplexes on one lot $895000

* Must see two fourplexes on one lot * All 2 bedrooms 1 bath * Large units w/ plenty of upside to raise rents * Large lot and plenty of on-site parking * Low maintenance separately metered * Great investment opportunity for investors to cash flow going in. * 9.87 Current GRM and 7.9 GRM at Market * 6.7 Current CAP & 8.8 at Market CAP

George Makri
America's Realty Group
Direct: 562-449-5910Office: 562-806-8030
Fax: 562-806-8010
E-mail Me
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6 units Single level Vista, Ca $759000

Beautifully maintained garden style 6 plex. Exceptionally easy to manage. no deferred maintenance here. on site laundry. Great tenants

Dave Troutt
Star Real Estate
Direct: 7143067343
Fax: 7147825651
E-mail Me
www.davetroutt.com
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Excellent 7 Unit Apartments Los Angeles, CA $1,279,000

175 S Oxford Annual Income of $105,379 (scheduled as of 11/08) a 6% Cap Rate or 12.1 GRM. 6 of 7 total units have scheduled 3% rent increases, additional Annual Income of $2,562 compared to $102,816 currently. We also have for sale 2 others: 923 S Ardmore $999,000 for 8 units, 4.5% cap rate JUST FELL OUT OF ESCROW, fixer with upside 4821 Rosewood $1,390,000 for 8 units, 5.6% cap rate, STABLE INCOME

Tony Kim
Direct: 323 603 5051
E-mail Me
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8 UNIT MULTIFAMILY. Los Angeles $1,150,000

Property Description Very well maintained 8-Unit apartment building. Gated entrance parking. Location Description: Subject property is within walking distance of Santa Monica Blvd. and Sunset Blvd. This building is near the city of Hollywood, which is the capital of the entertainment industry. Surrounded by theaters, restaurants, shopping and much more! Easy access to the 101 Freeway and approximately 10 miles from Downtown Los Angeles.

Michael Pourmirza
CCIM
Sperry Van Ness
Direct: 818-610-0415
Fax: 818-593-6187
E-mail Me
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Monterey CA Duplex $698,000

Nice little duplex in Monterey california. 4 blocks to famous Cannery Row & Beach See Local MLS

John Taylor
RE Agent
Direct: 831-643-2048
E-mail Me
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8 Unit Rental in Tahoe $725000

In the heart of South Lake Tahoe, this 8 unit rental property is located on a large corner lot. Has very low vacancy factor, great long term tenants. Gross Income $60k. Separate laundry facility on-site and comes with on-site managers who pay reduced rent!

Linda Foster
Realtor
McKinney & Associates
Direct: 530-545-2776
E-mail Me
www.lindafoster.com
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6 Units in Wilmington, CA Best GM numbers in area $895,000

Attractive curb appeal, mostly single family neighborhood with great looking homes around, beautiful street with mature trees, very popular and seek after area. ASSUMABLE LOAN! New windows, new paint, new lawn and plants, remodeled units, pride of ownership in every corner. Recent termite work completion is available upon request. Sellers might carry partial financing subject to approval of assets and credit history. All units are occupied and subject to inspection.

Larissa Rubijevsky
Direct: 310 387-1414
E-mail Me
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Buena Vista Apartments - Merced, CA $2,795,000

This is very much a 'Buyer's Market' and the property has been priced accordingly (Seller paid $3,650,000 in September of 2004!). Buying multi-residential property in Merced in today's "Buyer's Market" is perhaps similar to those astute investors that bought stock in Apple Computers around 5 years ago. At that time the stock was selling for around $6 / share because its historical earnings for the prior couple of years were not good. In other words the majority of investors were looking at the prior years earnings and saying it wasnt a good investment based upon earnings per share (i.e. historical data). Instead of looking backwards at what Apple's earnings had been (i.e. historical figures) the smart investors were looking forward at what the future potential earnings would be with the introduction of the IPODs, I-phones and the new MAC computers, etc. Those that bought Apple at $6 /share 5+ years enjoyed a stock that was trading as high as $212+ / share recently . At a sale price of $2,795,000 with 30% cash down (i.e. $885,500) the Buyer could obtain a new loan of approximately $1,700,000 at around 5.5% (I've seen one flyer touting 5.15% fixed for 5 years). The Seller may potentially be willing to carry the difference, $256,500, on another piece of real estate that has adequate equity to secure the Sellers position. The Seller would potentially be willing to carry said note with interest accruing at 6.5% for three years (i.e. no payments) to allow adequate time for the market to stabilize and then monthly payments of interest only for another 3 to 4 years thereafter. Hence the debt service for the first three years would be around $9,652.41 (Assuming a 30 year amortization at 5.5%) allowing an immediate positive cash flow even with the current high vacancy rate. Within said three year period more than likely the rents will have risen as there wont be any substantial new construction of apartments due to the exorbitantly high cost to build new units. Under this scenario the Buyer is obtaining 70% LTV ($1,700,000 + $256,500 = $1,956,500) with the projected monthly debt service of $9,652.41. During that 3 year holding period this amount of monthly debt service (excluding interest accrual on the second note) would be equivalent to a 4.27% interest rate on that amount of financing (i.e. $1,965,500) amortized over 30 years.

Steve Tinetti
Tinetti Realty Group
Direct: 209 354-3838Office: 209 384-3885
Fax: 209 354-3840
E-mail Me
MercedRealEstate.com
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Beautiful Edwardian 8 x1BR Units on Double Lot $1,800,000

Beautiful and well-maintained Edwardian building w/ 8 One Bedroom apartments situated in prime Richmond District area. On 50'x 104' large lot nearby Lake District shopping and close to transportation. Unit# 2 is vacant with updated kitchen and bath. Tend to attract quality tenants at strong rents. Unit#7 has been remodeled w/new kitchen & bath, beautiful hardwood flrs, exquisite detailing and at excellent value at $292 per Sq.ft. and $218750 per/Unit. Features a grand entrance and new spiral rear case with landscaping frt+back yard. 3 car parking Offers will be reviewed as received at listing office located at 2616 Ocean Avenue San Francisco, CA 94132. Please contact Brenda at 415-452-7815 for private showing and disclosure packages.

Christina Chung
CRS, GRI, SRES
Coldwell Banker
Direct: 415-987-6050Office: 415-452-7808
Fax: 415-452-7816
E-mail Me
www.ChristinaChung.com
_______________________________________________________________________

3115 Bagley Ave., Los Angeles $2,475,000

Excellent West Los Angeles 12 units apartment building, 2-2 bedroom, 9-1 bedroom and 1-Bach.

Paul Kamkar
Direct: 310-820-6131
E-mail Me
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4361 Ventura Cyn Blvd., Sherman Oaks $2,850,000

10 units courtyard apartment building with pool, 2 large 3+2 and 8-2+2 in Sherman Oaks, north of Blvd.,

Paul Kamkar
Direct: 310-820-6131
E-mail Me
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8 unit apartment complex (CASH FLOW) w/100% financ $750000

all 1/1 fully rented with manager. Call for more detailes... WHOLESALE

Joe Nunes
Investor
Diversified Properties and Invesment Group, Inc.
Direct: 5303208688Office: 4085034259
Fax: 8884834246
E-mail Me
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Duplex with upside potential $699950

Original house built in 1948 with charm but needs work plus 2nd unit built in 1968..each 2 bed, 1 bath, 1 car gar & yard. Tenants month to month..currently under market rents. Stanford Outpatient Center being built 3 blocks from property.

Mary Yeargain
CRS, SRES, CRP, E-PRO
Re/Max Today
Direct: 650-868-6488Office: 650-598-8120
Fax: 650-598-8170
E-mail Me
www.MaryYeargain.com
_______________________________________________________________________

Great Bread & Butter Prop. 43 Units Compton 8% Cap $3600000

Great Opportunity to continue improving a solid, bread & butter property. Cap rate of 8+ based on proforma. Many units were recently remodeled and leased at good rents. There's a proven 20% upside in rents for long term residents. No rent control. Strong, new, professional management. Central courtyard with landscaped planters and storage shed. (former pool has been removed.) Laundry room on ground floor. Fully fenced, with electric gate. Garage and secured carport parking. Master metered for electric and gas. NO ON SITE INSPECTION ALLOWED WITHOUT AN ACCEPTED CONTRACT. PLEASE RESPECT THIS POLICY. CALL BROKER WITH ANY QUESTIONS. Seller wants this property sold. Don't miss this great opportunity.

Terri Baron
REALTOR
T&G Real Estate, Inc.
Direct: 818-207-4880Office: 818-993-5400 ex. 121
Fax: 818-743-7494
E-mail Me
www.tandgrealestate.com
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Magnolia Apartments $995,000

Four single-story structures containing seven rental units. Built in 1939 on approximately half an acre. Future development opportunity. Price reduced to $995,000. Motivated seller. Submit Offers

Barry Baker
CCIM
Grubb & Ellis Company
Direct: 310-235-2934
Fax: 310-478-9478
E-mail Me
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Maxson Avenue Apartments $3,200,000

Unique complex of 19 rental houses built 1962 on approximately one acre of land with mature trees. 18 are two bedrooms and 1 is a three bedroom. Value-added opportunity. Very low rents for the existing units, which can be upgraded to get even higher rents.

Barry Baker
CCIM
Grubb & Ellis Company
Direct: 310-235-2934
Fax: 310-478-9478
E-mail Me
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Coronado Apartments $2,595,000

30 Unit building adjacent to Koreatown built 1923. Stucco. $86,500 per unit. Upside due to existing low rents. Current GRM is 10.1X Scheduled increases over the next five months reduces it to only 9.7X

Barry Baker
CCIM
Grubb & Ellis Company
Direct: 310-235-2934
Fax: 310-478-9478
E-mail Me
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Huntington Beach - 2 Triplexes, 11,700 Sq. Ft. Lot $3,450,000

Price reduced $100,000. Motivated seller. Perfect for investors and developers. Only 5 blocks to the beach! Lot is 11,700 sq. ft. (25 x 117). Rare to see this much land offered in area. There are 2 triplexes; units avg. 1,063 sq. ft. and feature dual-master 2-bdrm., 1 3/4 bath with fireplace. Each unit has a 1-car garage with alley entrance and private patios. 100% occupied. Walking distance to beach, pier & park. Great location. Corner lot w/cross streets Acacia & 15th. Lot is 2 double lots, so could support 4 SFRs. New area homes over $1.5 million; most have ocean view from roof decks.

Bruce Clark
First Team Commercial
Direct: 949-285-1207
E-mail Me
http://www.ocreinvestor.com
_______________________________________________________________________

Price Reduced $320,000! $3,280,000

12 units on prime 39,600 sq. ft. lot. For developers, zoned R2 MD w/potential to build 10 SFRs in a PUD. Turnkey for the income investor, with upside in rents. 100% rented. Costa Mesa is ideally situated btwn. Los Angeles and San Diego. Southernmost border only 1 mile from the Pacific Ocean! Great property in a great location. Motivated seller; all offers w/be accepted and presented.

Bruce Clark
First Team Commercial
Direct: 949-285-1207
E-mail Me
http://www.ocreinvestor.com
_______________________________________________________________________

4-Units, Great Price $580,000

4-Units, all 1 bedroom, 1 bath each. Three of the units have been remodeled with interior paint, new carpet, newly remodeled kitchen. One unit is vacant, garages in rear. These are two separate buildings. Two units downstairs & 2 units upstairs in the back. Please submit all offers subject to interior inspection. Pleas do not disturb the tenants, drive by only, tenants do not know property is for sale. Buyer to cooperate with sellers 1031 exchange at no cost to buyer. Owner will assist with some closing costs. Buyer may be eligible for FHA financing with 3% down and owner occupied or 15% down with non-owner occupied. MLS #Y706045

Pat Finnie
Premier Equity & Investments
Direct: 310-386-4904Office: 562-590-5121
Fax: 562-683-2184
E-mail Me
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Very Rare 2-Units $599,900

Perfect Investment Opportunity or great for large family. These Two Units are both 4 bedroom/2 Bath each set up 2-story townhouse style. One unit is vacant. This is a very rare mix. Gated lot with parking in the rear. Please submit all offers subject to interior inspection. Do not disturb tenants or walk on property, drive by only, tenants do not know property is for sale. Buyers to cooperate with sellers 1031 exchange at no expense to buyer. Owner will assist with some closing costs.

Pat Finnie
Premier Equity & Investments
Direct: 310-386-4904Office: 562-590-5121
Fax: 562-683-2184
E-mail Me
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4 Units, Great Price $620,000

Nice corner lot with good visibility. 4-Units, all 2 bedroom/2 baths each. Large gated lot with assigned parking. Rents are below market value. One unit possibly delivered vacant. Please submit all offers subject to interior inspection. Do not disturb the tenants or walk on the property, drive by only, tenants do not know unit is for sale. Buyers to cooperate with sellers 1031 exchange at no expense to buyer. Owner will assist with some closing costs.

Pat Finnie
Premier Equity & Investments
Direct: 310-386-4904Office: 562-590-5121
Fax: 562-683-2184
E-mail Me
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Craigs Property $841,000.00

Outstanding tri-plex in Pasadena. A remodeled Victorian two-story house with new everything. New copper plumbing, new roof, new paint inside and out. New kitchens and baths, new kitchen appliances including microwave ovens. Hardwood floors thru-out, and central air conditioning. Lovely landscaping surrounds the building. The tenants pay all utilities except water. Property is only minutes away from "Old Pasadena", freeways, shopping, transportation, etc.Annual income $48,960.00. Building 2584 square feet, lot size 8700 square feet. Unit breakdown: one 1 bedroom, two 2 bedroom, one bath each.

John Meis
Broker associate
Dilbeck Realtors GMAC
Direct: 626-403-5215Office: 626-799-3020
Fax: 626-799-5073
E-mail Me
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Hemet, CA 9 Unit $1150000

Large 3 bedroom, 2 bathroom, home, with 8, 2 bedroom, 1 bath units, recently rehabbed.

Darryl Self
D.C. SELF INC.
Direct: 951-698-8515Office: 951-698-3156 ex. 115
Fax: 951-602-6555
E-mail Me
dcselfinc@gmail.com
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Two on a lot! $719,000

Two homes on a lot. Two separate entrances and driveways. First home features 2 bedrooms and 1 bath. Large living / dining room. Vintage kitchen with eating area. Individual laundry room. Additional room for office or storage. Two patios: one covered, one paved. Second home showcases a renovated kitchen with Hickory cabinetry and lots of storage. Secluded porch. Living room. Powder room. The two bedrooms of this home were converted to a Master bedroom with dressing room and private bath. Upstairs extra large loft could be a 3rd bedroom. Central air conditioning. Ceiling fans.

Martin & Laura Uribe
Realtors
Tarbell, Realtors
Direct: (949) 400-6052
E-mail Me
www.MartinUribe.com
_______________________________________________________________________

9 Units $1199000

Large Single Family Home, and eight, 2 bedroom; 1 bath units, recently rehabbed.

Darryl Self
D.C. SELF INC.
Direct: 951-698-8515Office: 951-698-3156 ex. 115
Fax: 951-602-6555
E-mail Me
dcselfinc@gmail.com
_______________________________________________________________________

HIghland Park Apartments $1.450.000

7.02% CAP on Current Numbers, 4.5% Cash on Cash 18 Remodeled Studio and One Bedrooms Units, 100% Occupied $163,848 Annual Gross Centrally Located Near Highland Hospital Off-Street Parking, On-Site Laundry Metered Separately for Gas, Electric and Water! Just Blocks from Lake Merritt, BART, and Hwy 580 Strong Local Demographics Professional Management in Place Excellent 1031 Exchange Opportunity

Matt Gorman
California Certified Property Manager
LMR Commercial Real Estate
Direct: 510-847-0024Office: 510-452-5253
Fax: 510-452-5254
E-mail Me
www.lakemerrittrealty.com
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SMALL APARTMENT COMPLEX $590,000

Small apartment complex of 7 units located near the William Land Golf Course and the Sacramento Zoo. Seller says appraised at $400,000 +/-. Seller will consider carry-back financing on part of the purchase price,with a qualified buyer. There are 5 1bd/1ba, and 2 2bd/1ba units.

John Mehl
RE/MAX GOLD
Direct: 916 224-3334Office: 916 285-1046
Fax: 916 471-0217
E-mail Me
www.profitwithproperty.com
_______________________________________________________________________

Buena Vista Apartments $2,795,000

64 Units complex consisting of 12 x Studios, 24 x 1/1 & 28 x 2/1 located in north Merced within 2 blocks of regional mall and 3 other major commercial centers. Merced is home to newest (10th) University of California Campus. Opened two years ago and now has 1,860 students but will grow to 25,000 students. 44% of Merced County's current population is below 24 years old so even if no new growth occurs there will still be major demand for apartments. However Merced is putting the finishing touches on its new General Plan which contemplates an increase in population from current 72,000 to 490,000 over the next 2 decades. These units are priced at below 50% of their current replacement costs as the current market is soft due to a tremendously overbuilt single family market. Rents will have to more than double before any new major investments in new multi-family construction will occur. NOW IS THE TIME TO INVEST WHILE THE MARKET IS SOFT BUT THE FUTURE IS VERY PROMISING!!! Go to www.MercedRealEstate.com for additional information.

Steve Tinetti
Broker/Owner
Tinetti Realty Group
Direct: 209 354-3838Office: 209 384-3885
Fax: 209 384-3889
E-mail Me
www.MercedRealEstate.com
_______________________________________________________________________

west of I-5- Carlsbad- 6 units $1,350,000

4 blocks from ocean 3 blocks from downtn adjacent to parks,schools,churchs,in planned redevelopment area probable to add density an allow mixed use.2 one br 4 studios way below market rents, add garages and more units

dennis mulligan
broker
shardemy inc
Direct: 858-353-0772Office: 858-353-0772
E-mail Me
_______________________________________________________________________

39,600 Sq. Ft. Lot, 12 Units 2265 Canyon Dr. $3,600,000

Huge 39,600 sq. ft. lot in great location in Costa Mesa. Currently has 12 units on it, with xlnt. upside rental income potential. Turnkey for income investor. Land is zoned R2 MD; zoning allows for 10 SFRs in a PUD, so has great upside development potential. The City of Costa Mesa boasts of being one of Orange County's leading cultural and business centers. Located 37 miles southeast of Los Angeles, 88 miles north of San Diego and 475 miles south of San Francisco, Costa Mesa encompasses a total of 16 square miles with its southernmost border only 1 mile from the Pacific Ocean. Drive by only. Please DO NOT disturb tenants. Inspection upon acceptance of offer.

Bruce Clark
Realtor
First Team Real Estate
Direct: 949-285-1207Office: 949-285-1207
Fax: 949-857-6403
E-mail Me
http://www.ocreinvestor.com
_______________________________________________________________________

Laurel Canyon Apartments $5,250,000

Built in 2006 100% Leased Great Location Gated Parking Easy Freeway Access Secured Entry Luxurious Unit' s The unit mix consists of 7 spacious one bedroom and 17 two bedroom units 13 of which have two baths. The units range in size from 580 to 886 square feet, making them very appealing to potential tenants in the highly sought after North Hollywood area. This building was constructed in 2006 and offers modern features. The complex has controlled entry, as well as gated and fully secured parking, and on site laundry. The property is attractively positioned in the Los Angeles market and will be a sought after investment

Jason Limbert
Nai Capital
805-277-4023
E-mail Me
_______________________________________________________________________

607 & 609 York St, Vallejo, CA $625,000

2 buildings in heritage area, a 4plex with storage below front units, off street parking and 2 garages on the alley. Gross Income $42,600. All units are rented, make offer subject to inspection.

Mike Travers
Realtor
Treaver Real Estate
707 644-7731
707 644-7731
707 644-5172
E-mail Me
_______________________________________________________________________

THREE HOUSES ON 18,901 SQ. FT. LOT-PRIME AREA $918,000

THREE HOUSES ON 18,801 SQ. FT. LOT!! All have 2 bedrooms 1 bath in good condition with garages and large fenced yards. Note lot size. Perfect for investment use, family compound, even has subdivision development potential. Currents rents are $47,400/yr. with easy upside potential of $61,200/yr. In North San Gabriel on the San Marino, Pasadena, Arcadia border with new Kohls shopping center two blocks away.

Cheri Fisher
626 287-3764
626 287-3764
626 287-3764
E-mail Me
_______________________________________________________________________

Cambridge Apartments $1750000

24 units with pool. 16 one bedroom and 8 two bedroom. See the property at http://sale.svn.com/cambridgeapartments

Carl Greenhalgh
Sperry Van Ness
530-676-5798
530-698-4996
E-mail Me
http://sale.svn.com/cambridgeapartments
_______________________________________________________________________

17 Units - Amazing Potential! $1,800,000

This offering consists of two adjacent parcels that make up the corner of 39th and S. Hill Streets. One parcel which sits along 39th St. includes 10 units comprised of two 4-plex structures and one duplex. The other parcel, situated on Hill St. includes 7 units comprised of a 6-unit building and one SFR. Both properties are situated among beautiful courtyards with most units having direct access. The combined properties offer an investor abundant opportunities to drastically increase income with current rents being substantially below market. A repositioning opportunity is also available with a potential transition to student based housing, taking advantage of the close proximity to USC. Its prime location within LAs coveted industrial area and its MR1 zoning add an additional element and opportunity.

Rob Zaharia
Sperry Van Ness
(310) 979-0800 ex. 255
(310) 979-0800
E-mail Me
_______________________________________________________________________

11 Units - Prime Hollywood $1,525,000

1150 N. St, Andrews Pl. represents a fantastic opportunity to acquire an asset that provides true pride of ownership in one of the strongest rental markets in the country. Constructed in 1963, this 3-story, center-courtyard apartment complex consists of 11 units situated over a 7,492 SqFt. corner lot. This ideal unit mix consists of one single, five 1-bedroom, three 2-bedroom 1-bath and two 2-bedroom 2-bath units. Each unit is individually metered for gas and electricity with dual hot water heaters servicing the building. Tenants enjoy gated on-site parking and laundry facilities as well as secure building access. With strong current income and additional rental upside, this well-maintained property is a perfect turn-key investment that is exceptionally positioned to benefit from the continued growth of its submarket. While it has consistently experienced vacancy rates ranked among lowest in the country as well as some of the highest year to year rental increases, the Hollywood/Silverlake submarket is poised for continued growth and appreciation as the city and developers maintain their commitment to its revitalization.

Rob Zaharia
Sperry Van Ness
(310) 979-0800 ex. 255
(310) 979-0800
E-mail Me
_______________________________________________________________________

2 Adjacent 10-Unit Properties - Non Rent-Control $1,800,000

Offering consists of 2 adjacent non rent-control properties located in Los Angeles County. Each property is 10 units, individually metered for gas and electric and provides on-site parking. One property is also equipped with individual water heaters in each unit keeping overall expenses low. With a CAP rate of 6.5% on current income, the property provides strong cash-flow, economies of scale, ease of management and more favorable financing options on separate smaller assets. Give Rob a call with any questions.

Rob Zaharia
Sperry Van Ness
(310) 979-0800 ex. 255
(310) 979-0800
E-mail Me
http://sale.svn.com/6627crenshaw
_______________________________________________________________________

Rare 34 Units - Hyde Park - Los Angeles $2,850,000

Rob Zaharia is proud to represent the seller in the sale of 6627 Crenshaw Blvd, a multi-faceted investment opportunity in Los Angeles. This property is a 2-story, center courtyard apartment complex consisting of 34 units situated over a large 27,094 SqFt lot. The unit mix consists of two single, thirty 1-bedroom and two 2-bedroom units. All units have exterior entrances and are master metered for utilities. Residents enjoy on-site parking and laundry facilities. The property is currently professionally managed with regular maintenance. This offering represents a rare opportunity to acquire an asset of this size in the Hyde Park area of Los Angeles. Approximately half of the tenants currently utilize the Section 8 assistance program, providing income stability with guaranteed rental payments from the County of Los Angeles. An investor will realize substantial value growth through both rising rents, a minimum of 7% annually, as well as property upgrades and repositioning toward a stronger tenant base. Additionally, a considerably large lot size and prime location along a stretch of Crenshaw that boats a traffic count of approximately 37,000 cars per day provide fantastic redevelopment potential in the future.

Rob Zaharia
Sperry Van Ness
(310) 979-0800 ex. 255
(310) 979-0800
E-mail Me
http://sale.svn.com/6627crenshaw
_______________________________________________________________________

Non Profit Investors Opportunity! $$3 to $22M

5 Bldg. California Apartment Portfolio. USDA Section 515 Developments. Acquire one or all five properties. Sizes range from 38 to 70 units. 1970's & 1980's construction. Very well maintained properties in excellent locations.

Brian Nelson
Sperry Van Ness Commercial Real Estate Advisors
916-564-1100
916-798-7498
E-mail Me
_______________________________________________________________________

7 Units - 2 Building Santa Monica Complex $3,300,000

Very unique, flexible Craftsman style income property w/peek of ocean view featuring 2 separate structures: perfect for an owner/occ. who wants to live in a detached house in the highly-desirable Ocean Park area of Santa Monica and yet generate substantial income (approx $10,00/mo. from front 5 units). Only 3 blocks to the beach, on a large 7,550 sq. ft. lot (150" x 50"). Let your lessees pay your mortgage! In good condition w/newer copper plumbing, electric wiring, roof, premium paint job, gutters & spouts. Major renovation 2003, plus remodeled & renovated in 1988, 1991 & 2004 to conform to codes. Low maintenance, lessees pay own gas, electricity, hot water use, & outside lighting. No house lights or house gas bill. Perfect for large families, since there are 7 total units. Ocean view from top unit in back bldg (2 bdrm., 1 bath). This is the closest property to the beach being offered in L.A. County. Could use as summer rentals. All offers will be accepted & presented. OP2 zoning; accdg. to city planner, could build a roof deck for spectacular ocean views. 600 sq. ft. vacant lot included left of back house. Corner of Hill and Ocean Park Aves.

Bruce Clark
First Team Real Estate
949-285-1207
949-857-6403
E-mail Me
http://www.bruceclarkhomes.com
_______________________________________________________________________

·Palms $1,050,000

Great Unit Mix of All Spacious Two- and Three-Bedroom Units Convenient Vista Location! Walking distance to New Sprinter Rail Station and Easy Access to CA-78 80% LTV Assumable Fixed Financing at 6.25%, Due 2011 Recently Replaced Low-Flow Toilets and Showerheads and Solar-Assisted Water Heaters All Units have Balcony or Patio Ample Off-Street Parking

Patrick Doyle
7606334602
E-mail Me
_______________________________________________________________________

·Terraces At The Lakes $9,850,000

Excellent South San Fernando Valley Location, In the Highly Desirable Community of Lake Balboa, Just East of Balboa Boulevard. Prime Positioning Just Blocks from Lake Balboa Park, with Three Golf Courses, Japanese Gardens, Balboa Sports Complex, Tennis Courts, a Twenty-Seven Acre Lake and Bike Paths. Outstanding Unit Mix of One- and Two-Bedroom Apartments, and Two-Bedroom Townhome Units. Tremendous Upside Potential in Rents - 46.15% of the Units are 51.79% Below Market Rents. Not Subject to Rent Control. Beautifully Upgraded with New Appliances, Fixtures, Floors, Carpets, Window Treatments and Designer Touches. Convenient to the 101 and 405 Freeways, Van Nuys Airport with Service to LAX, Burbank, and Long Beach; and Public Transportation via Commuter Rail, Bus, and Subway.

Karoline Sauls
3104708044
E-mail Me
www.hendrickspartners.com
_______________________________________________________________________

·Newport Terrace $13,950,000

Ocean Views Remodeled Interiors and Exterior Spacious Two-Bedroom, Townhouse-Style Units Rarely Available Newport Beach Asset Turnkey Property Excellent Unit Mix Separately Metered Walk to Famous Newport Beach Beaches and Peninsula

Steven C. Brombal
9492230606
E-mail Me
www.hendrickspartners.com
_______________________________________________________________________

·Olivewood $26,950,000

True Value Add Opportunity Many untapped opportunities to increase revenue up to 25% by upgrading units and common areas, implementing a RUBS reimbursement program, etc. Infill Location/Barrier to Entry Market No new market-rate apartment properties in Lakewood in over 11 years. Record Home Prices The median home price in Lakewood reached $516,000 for May 2007. Outstanding Visibility 1-miles west of the 605 Freeway and on the major thoroughfare South Street with 300 feet of frontage and a drive-by traffic count of approximately 30,000 per day. Record Submarket Rent Growth 7.9% increase in average rent in Lakewood in 2006; 33.8% over the last five years (6.7% per year average). Great Unit Mix 66% two-bedroom units. Major Retail Within five minutes of over 2.5 million square feet of retail.

Dean Zander
8189052482
E-mail Me
www.hendrickspartners.com
_______________________________________________________________________

·Santa Rosa Villas $28,500,000

Indio is one of the Ten Fastest Growing Cities in California and Number One in the Coachella Valley. Indio experienced a 73% increase in population from 1990 to 2000 and is expected to almost double again by 2020. Excellent unit mix of 1/3 one-bedrooms and 2/3 two-bedrooms, two-bath units. Potential for a 5.30% cap rate based on current asking rents. Value added opportunity with renovations and improved management. Investment opportunity is offered at below replacement cost and is low density with 18.36 units per acre on 13.78 acres of land.

ROBIN D. OSSENBECK
8189053890
E-mail Me
www.hendrickspartners.com
_______________________________________________________________________

·Graves Avenue $2,400,000

Only $88,889 Per Unit for Solid El Cajon Rental Location Very Low Rents with Immediate Upside Newer Construction Built in 1982 Easy Access to San Diegos Major Freeways: I-8, SR-67, & SR-125 New Copper Plumbing Installed in the Last Five Years Walking Distance to Shopping and Restaurants and All Necessary Conveniences Graves Avenue Apartments is a well-maintained 27-unit community situated in the City of El Cajon. The property is located in a strong rental submarket, and is conveniently located just minutes from the I-8, SR-67 and SR-125 Freeways. The property was built in approximately 1982 and is comprised of two functional floor plans consisting of 25 one-bedroom, one-bathroom units of approximately 700 square feet, and two two bedroom, one-bathroom units of approximately 850 square feet. The interior amenities include: standard appliances, wall air conditioning and heat, and various patios. New copper plumbing has been installed in the last five years. The exterior amenities include: an on-site laundry facility, mature landscaping, gated/controlled access, and ample parking spaces.

Steve Huffman
619-497-3077
E-mail Me
www.hendrickspartners.com
_______________________________________________________________________

·Eastbluff Townhomes $9,650,000

This offering represents only the second time ever that the Eastbluff Townhomes has been offered to the market. It is truly a rare opportunity to acquire a significant complex in the Newport Beach apartment submarket. The project was designed and built by renowned local architect and 50+ year resident of Newport Beach, Bill Ficker. He ultimately had the intention of converting these townhomes to condominiums. Therefore, design considerations such as separate addresses, double walls between units, separate water and sewer lines were incorporated into the complex. In approximately 1988 an application was made by Mr. Ficker to the City of Newport Beach for condominium conversion and was approved, however at that time he decided instead to hold, as his original intent was to hold as a long-term investment, which proved to be 36 years. This in no way is a guarantee that a condominium conversion could be done today, but a conversation with the Newport Beach Planning Department by Ficker in 2004 indicated that there would be no issues from a planning perspective. A complete set of building plans and drawings are available from the listing Broker for seriously interested investors.

Steve Brombal
9492230606
E-mail Me
www.hendrickspartners.com
_______________________________________________________________________

·6200 Delongpre, Los Angeles Ca 90024 $1,250,000

5 units available on large lot! LOCATION, LOCATION, LOCATION! Great rental income property in the heart of Hollywood on a large R3 lot over 10,000sf (per assessor). Property consists of one single level SFR PLUS a 2-story 4plex consisting of very LARGE one bedroom units w/ separate living room, dining room PLUS a den PLUS laundry room. All units have hardwood floors & the exterior of the buildings have been recently painted. Auto sprinkler system recently installed. Tenants are month to month. Huge upside potential! For more info., Pls. Contact Vanessa Cabello @ BSA Realty @ 310-874-7065.

Vanessa Cabello
BSA Realty
310-874-7065
E-mail Me
www.hotelstomansions.com
_______________________________________________________________________

·7 Units Palm Desert, Ca $1,575,000

REDUCED $150,000. $15,000 Bonus to selling agent who can close escrow on or before 7/31/07. Newer Pride of ownership 7 units. Single story and 2-story buildings on large 27,000 SF cul-de-sac lot. Located near El Paseo, walk to Ruth Chris Steakhouse and other fine restaurants. Great units for owner to use 1 for weekend getaway, or permanent home.

David Perry
Star Commercial Propeties
714-914-7744
714-914-7744
562-804-3338
E-mail Me
_______________________________________________________________________

·Atrium At Fullerton $13,800,000

88 Units Pro Forma Cap Rate: 5.94% Pro Forma GRM: 10.14

Robin D. Ossenbeck
8189053890
E-mail Me
_______________________________________________________________________

·La Fayette Heights $19,000,000

117 Units

David Casper
8189199303
E-mail Me
_______________________________________________________________________

·Auburn Drive $775,000

9 Units Pro Forma Cap Rate: 6.02%

Eric Turner
6197184252
E-mail Me
_______________________________________________________________________

·Windwood $24,500,000

116 Units Pro Forma Cap Rate: 5.34%

Robin D. Ossenbeck
8189053890
E-mail Me
_______________________________________________________________________

·Country Lane $2,595,000

36 Units Pro Forma Cap Rate: 7.24%

John Laratta
3036070025
E-mail Me
_______________________________________________________________________

·15 Units Apartment

Multi-Family Units - 15 Units Apartment plus a 2 Bedroom/1bath Single family house. Apartment building with 13 large singles and 2 one bedrooms. Approx. 550 sq. Ft. Each single unit, 1 bedrooms are larger. Single family house has approx. 1,400 sq. Ft. Of living space with basement for office use or entertainment room, has bathroom. Located near Echo Park Lake, walk to Sunset Blvd. Where they just built a new Library. Minutes to downtown and bus stop is just on the corner. Good tenants. Gross income per annum is $132,000.00. Owners pay all utilities. Property Address - 1044 N. Bonnie Brae, Los Angeles, CA 90026

Pat Pimentel
213-249-4161
E-mail Me
_______________________________________________________________________

·Rancho Pointe

Rancho Pointe is a well maintained, 61-unit apartment community situated on Sweetwater Springs Boulevard in the Casa de Oro area of San Diego. The property is located in a very strong rental submarket, and is conveniently located just off the SR-94 Freeway, providing easy access to El Cajon and Downtown San Diego. Rancho Pointe is situated in a superb location just minutes to shopping, schools and major transportation lines. The property was built in approximately 1980 and is comprised of 2 functional floor plans consisting of 11 one-bedroom, one-bathroom units of approximately 700 square feet; and 50 two-bedroom, one-bathroom units of approximately 900 square feet. The interior amenities include: ceiling fans, wall A/C and heat, stainless steel sinks, double closets, dishwashers and refrigerators. The exterior amenities include: lush landscaping, sparkling pool, private dog run, three barbeque areas, on-site laundry facility, and back yards on select units. Located in the heart of Casa de Oro and just blocks to Rancho San Diego, Rancho Pointe is the perfect opportunity to offer quality housing in one of the East County's most desirable neighborhoods.

Steve Huffman
619.497.3077
E-mail Me
_______________________________________________________________________

·City Villas 1 And 2

City Villas is a mid-rise 70-unit apartment building, built in 1988 and in 1990, and consists of a three-story and a four-story building in Downtown San Diego! The unit mix comprises of 8 studios, 50 one-bedrooms, and 12 two-bedroom units. The units have ceiling fans, vertical blinds, fully equipped kitchens with ranges, dishwashers and refrigerators. Some units have microwaves, fireplaces, central air and heating, patios or balconies, and extra storage areas. Common area amenities include laundry facilities, elevators, underground parking, city views, roof-top patio, and sun deck with barbecues. The property is within walking distance to everything from the park to restaurants to late night entertainment and more. Balboa Park, America's largest urban cultural park, is five blocks north, and is directly adjacent to Balboa Park Municipal Golf Course. Several blocks west of the property is the historic Gaslamp Quarter, arguably San Diego's liveliest neighborhood, which is home to dozens of restaruants, pubs, boutique shops and the like. Additionally, City Villas is within close proximity to many other community fixtures, including as Horton Plaza shopping mall, Harbor View Medical Center, and San Diego International Airport.

Steve Huffman
619.497.3077
E-mail Me
_______________________________________________________________________

·Estrella Avenue

Only $105,000 Per Unit! Fixed Rate Assumable Financing @ 6% 1 = Studio; 4 = 1br/1ba; 4 = 2br/1ba 6.11% Cap Rate! Low Maintenance / Easy To Manage

David Andrews
619.718.4243
E-mail Me
_______________________________________________________________________

·Woodberry Gardens

Swimming Pool Covered Parking Priced Significantly Below Replacement Costs Established In-Fill Location Strong Rental Market Please Do Not Visit Site Without An Appointment

Steve Nelson
916.631.8909
E-mail Me
_______________________________________________________________________

·8 unit building, 607 W 82nd St, Los Angels, CA

Price $1,300,000 All units are under section 8 except for one.� Building was built in 1991, so there is no rent control.� Rents in the area are $1,300 - 1,500.� 6 of the units have 3 bed & 1 bath; 2 of the units have 3 bed & 2 bath.

Pamela Huggins
213-393-9464
pamelahugginsrealestate.com
_______________________________________________________________________

·11 units apartment building - located near downtown Redwood City, CA

Woodside Road -providing easy access to 101 and 280 and El Camino Real awaits its' new owner-investor. Property is in great condition and is professionally managed. Some units have been refurbished (new paint, carpet, tile floor and some have new countertops). Most units have new Windows-others just wait new Window installation. Rents are below market rate. With hands-on management, the rents can be increased to at market rate equaling $5,600 in yearly additional income. Units were being managed by owners until last month. Currently, professional management company manages. Redwood City is centrally located 23 miles from downtown San Jose and 27 miles from downtown San Francisco. The subject property's location offers easy access to I-101, I-280, Woodside Road and El Camino Real. Public transportation is near by. The property is located in a clean and safe neighborhood consisting of single family residences, condominiums and apartment buildings. It is located in prime location, among one of the healthiest and most desired rental submarkets on the mid-peninsula.� 11 Apartment Units, 619 Stambaugh Ave. Redwood City CA 94063. Lowest cost per unit, 6 - 1 bedrooms, 5 - 2 bedrooms, stable income stream.� Prime location, 25 miles South of San Francisco, 27 miles North of San Jose, easily accessible from 101 and 280 Sale Price $1,950,000

Madan ( Raja) Ahluwalia
Broker-Owner
Bridge Realty and Loans,
Inc.
1301 Shoreway
Road Suite 180
Belmont, CA 94002-4151
Phone (650) 430 4023
Fax (650) 649 1893
E-mail Me
www.bridgerealtyloans.com
_______________________________________________________________________

·TIC (Tenants in Common) Opportunity in Belmont, California

Rents are rising and if you want to invest your 1031 exchange or possibly invest in a solid opportunity this is the one that you should review and investigate. Minimum Investment $172,571, Maximum 35 Investors - The building is 100% rented with history over the last 5 years being above 95% occupancy. Building purchased from a "pocket listing" before it hit the market for $9.6M.� Appraised in October for $10.8M. The Sellers were not paying attention leaving the management to an outside company; therefore rents are below market by at least $300/month with current rents on the rise over the next 5 years. My partner has sold this building 3 times in 15 years as a broker, every time, and the building doubles in value. Oracle has a picture of the building in its lunch room; clientele is above average earners working their way up in the world. Every unit has been remodeled in the last 3 years. New parking black top just completed. All due diligence reports verified. Low loan to value (LTV) at 48% to get immediate cash flow and weather any storms. Loan approval of $5.5M on mine and my partners net worth done and approved with First Republic Bank out of SF, 6.5% for 7 years, fixed, interest only. As the sponsor, MNM's load factor is low in comparison to the big TICs in the game, plus over half our fees stay in the deal to 10% of the $6M equity aligning our interests with all co-owners. All returns include load factor, fees, closing costs, LLC formation fees (we are requiring all co-owners to hold their interest as an LLC) and federal taxes. As a TIC co-owner, whether you bought in at the minimum of $172,571 or $1M, you have 1 vote per LLC voting on building management, buy, sell etc. Per IRS document attached, majority rules. MNM will manage the building massaging rents to maximize cash flow, minimize vacancy. As co-owners, are interests are aligned with the other co-owners in the project, we want what everyone wants. We can be voted out after the 1st year if not performing. The investment in a TIC is somewhat liquid. We have provision in our TIC agreement to allow liquidity but an appraisal must be done and first right of offer to the other co-owners first, outside public next at Market. No matter upon sale what other co-owners do, the new IRS rev proc allows for each owner to do a 1031 into the next deal even if others cash out and pay taxes. 3 months after close (projecting November 30th), first distribution checks on rents and every quarter there after until sale of project to the co-owners. Looking forward to hearing from you!

Michael Schmidt
408-234-0045
Mentor Marketing, Inc.
Keller Williams Realty
2542 S Bascom Avenue Suite 100,
Campbell, California 95008
E-mail Me
_______________________________________________________________________

· 6 unit apartment Santa Monica, CA

GREAT OWNER/USER OR INVESTMENT OPPORTUNITY!! $2,250,000. 1319 Berkeley Street, Santa Monica, CA 90404 6 Units - 2 Completely Rehabbed and Delivered Vacant. All Units 2br+2ba+Den. Great Rental Upside. Large Units. Good Parking. Ease of Management. Convenient to Wilshire Blvd. Shopping and Restaurants. Charming and Clean. Cost per Unit: $375,000 - Year. Built: 1969 Parking: 9 - Approx. Lot Size: 7,854 Approx. Gross RSF: 9,143 Cost per Gross RSF: $246.09 (lowest price per foot in Santa Monica!)

W. Antonio Hachem
CB Commercial NRT
11611 San Vicente Blvd - Lobby
Los Angeles, CA 90049
(310) 979-4993 Direct
(310) 442-8005 Fax
E-mail Me
_______________________________________________________________________

· 3-fourplex buildings - 12 units. Unit Mix: (2)3/1.5 & (2) 2/1 per fourplex

9 out of 12 units have been upgraded! New tile, carpet, cabinets, countertops & more. Turn key investment. All offers will be considered. Can be purchase separately or together. Priced at $619,900 per 4plex

Jan Finley
(805)879-9614
Jan Finley | Golis Team Agent
Associate
Radius Group Commercial Real Estate
205 E. Carrillo Street.
Suite 200
Santa Barbara, California, 93101
Tel: 805.879.9614
Fax: 805.965.1160
www.radiusgroup.com
_______________________________________________________________________

· MULTI - RESIDENTIAL INVESTMENT

LOS ANGELES, C A 1811 S. Bentley Ave Los Angeles, CA 90025 Price: $4,750,000 Terms: All cash or cash to new loan Features ? Prime West Los Angeles location ? Westwood adjacent ? Five minute drive to UCLA, Century City and 405 Freeway ? High demand for condos and rental units ? Built in kitchen with dishwasher and disposal ? Some units with fireplace ? Six units, non rent control due to substantial renovation ? Two units built 1990 s/b, non rent controlled, buyer to verify Description Great location for an investor. Possible future development. FEASIBILITY STUDY COMPLETED. SIXTEEN CONDO UNITS ALL 2 BED, 2 BATH APPROXIMATELY 1,500 SQ. FT. 44 SUBTERRANEAN PARKING SPACES AND STORAGE AREA. DOUBLE LOT WITH 107.53 FT ON BENTLEY. 20 FT ALLEY IN BACK. No. of Units: 15 Unit Mix: 1- 1BD+DEN, 1-2BD/1BA, 7-2BD/2BA, 6-3BD/2BA Bldg. Sq. Ft.: 18,550 Sq. Ft Lot Size: 12,909 Sq. Ft. Yr. Built: 1964 Parking: Tuck under parking in back 24 spaces (9 are tandem) Two units were added in 1990 for a total of 18,550 Sq. Ft. this was done with permits. Three units have a fireplace Unit 200 Townhouse See Rent Schedule for details Unit 400 Bachelor - not legal - not rented- Possible Additional Income. REASONS TO BUY 1811 South Bentley Ave, Los Angeles, CA 90024 This is a value-added property with some unique opportunities to a value investor. 1. Some units with balconies and large patios 2. Roof top bachelor unit with view and large patio. Not a legal unit, but it could be rented to existing tenant for office or roommate for $1000 per month. Buyer to verify possibility. Presently not rented and not included in the income. 3. Two units built in 1990. Non rent control. 4. Six units had substantial renovation no rent control. 5. Unit #200 two-story townhouse. 6. Three units have fireplaces 7. Six three-bedroom/two-bath units. Most are two bedroom/two bath units. See rent roll. 8. 24 parking spaces 9. Prime Westside location, Century City and Westwood adjacent. 10. Possible future development site. 11. Double lot over 100 ft frontage on Bentley with 20 ft alley in back 12. Future rent increases on non rental control units. 13. 4.8% cash flow on existing rents. 5.4% cash flow on market rents. 14. Paint and landscaping would make this building very attractive Above are facts and brokers opinions to be verified by Buyer.

Paul C. Krikorian
Charles Dunn Company, Inc.
(310) 996-2215
E-mail Me
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· MULTI - RESIDENTIAL INVESTMENT

P R I M E� S A N P E D R O� L O C A T I O N 2424 S. Leland Street San Pedro, CA 90731 Price: $4,150,000 Terms: All cash or cash to new loan 2424 S. Leland Street San Pedro, CA 90731 Possible condo-conversion Good demand for condos in the area Description Great San Pedro Location! No Rent Control - Built in 1979 Southeast of Rancho Palos Verdes. Quiet residential neighborhood surrounded by quality homes. Corner property situated in the hills of San Pedro. Some units with beautiful views. Three lots with 20 ft. alley in rear. No. of Units: 21 (Certificate of Occupancy for 20 units Issued 1-16-1980) Unit Mix: 15- 1BD/1BA, 6-2BD/1BA Bldg. Sq. Ft.: 18,084 Sq. Ft. Lot Size: 13,346 Sq. Ft. Yr. Built: 1979 Parking: 34 spaces, Garage, Gated Secure Parking, Some Tandem Spaces CPU: $197,619 GRM (Year 1) 13.3 X Gross Features ? Tenants pay utilities ? Secured and gated parking ? Elevator ? Dishwasher, Garbage Disposal ? Built-in Stove ? Balconies with Storage Area New and Exciting San Pedro San Pedro, part of Los Angeles' South Bay, has become the center of attention for homebuyers seeking an exciting and rare living opportunity. San Pedro is a unique waterfront community brimming with civic pride and a rich history that traces back to its early dates as a fishing village and port community. "San Pedro is becoming one of the most attractive destinations for Los Angeles homebuyers. The city has so much to offer, and its strategic location makes it the perfect living environment." A community overflowing with local artists and galleries, Old Town San Pedro has a feel and energy akin to Venice and attracts a host of artists and people inspired by its urban canvas. San Pedro draws diverse and talented artists due to its location that lends to unobstructed views of the Pacific Ocean, Catalina Island or even Orange County's Dana Point and Saddleback Mountain. The Harbor offers more than 805 boat slips, guest boat docks, public fishing docks, piers, a harbor promenade, and breathtaking views of the harbor and Palos Verdes Peninsula. Downtown San Pedro is the location of multiple shopping destinations. There are great galleries & antique shops for the artist, clothing & jewelry shops for the style seeking consumer, and theatres, restaurants, coffee houses & bookstores for the explorer. International cuisines attributes to this diverse community as well as the Little Fish Theatre Company, which offers live theatre. There is truly something for everyone in San Pedro. While San Pedro currently has a lot to offer, the future is going to bring many exciting changes to the area. An enormous amount of city improvements are planned such as the completion of the new Bridge to Breakwater Promenade, city lighting upgrades, hiking trail improvements, and the proposed new San Pedro "Welcome Park." In addition, San Pedro has become a highly attractive investment market for some of the largest homebuilders in the country, and there is a proposed 1,000 housing units in the pipeline. Furthermore, approximately 42,772 square feet of new retail are in the forecast. A true urban renaissance has begun. "The next few years are going to be among some of the most exciting that San Pedro has ever seen. With the addition of new quality housing developments the city is going to see an increase in population which is going to drive others to invest in the area, not only through residential developments and purchases but also through adding retail and entertainment destinations." San Pedro is located on the eastern foothill of the Palos Verdes Peninsula, and is home to the largest bridge in California behind the Golden Gate and Oakland Bay Bride. San Pedro is approximately 20 minutes from Los Angeles International Airport, and Orange County is roughly 30 minutes away. Downtown Los Angeles is a short 20- minute drive up the 110 Harbor Freeway.

Paul C. Krikorian
Charles Dunn Company, Inc.
(310) 996-2215
E-mail Me
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Colorado

2701 Federal Blvd. $1,275,000

Hot Highlands neighborhood location! Recent upgrades! Including new common area carpeting. Short distance from LoDo. Great Federal Blvd. exposure.

Marc Lippitt
Principal
Unique Properties, LLC
Direct: 303-321-5888
Fax: 303-321-5889
E-mail Me
www.uniqueprop.com
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The Adele $2,200,000

Unbeatable downtown location - minutes from 16th Street Mall. Many updated units & remodeled common areas. Utility bill back to tenants. Potential redevelopment site. Updated vintage building with great curb appeal.

Marc Lippitt
Principal
Unique Properties, LLC
Direct: 303-321-5888
Fax: 303-321-5889
E-mail Me
www.uniqueprop.com
_______________________________________________________________________

Ogden Park Townhomes $1,900,000

Great conversion opportunity! Condominium documents and declarations completed. 14 units with extensive renovations completed. New roof on both structures.

Marc Lippitt
Principal
Unique Properties, LLC
Direct: 303-321-5888
Fax: 303-321-5889
E-mail Me
www.uniqueprop.com
_______________________________________________________________________

Clarkson Apartments $1,400,000

16 unit multi-family building in Denver's Capitol Hill. New electric baseboard heat, high ceilings and wood floors with a common courtyard area. Many units include washer/dryer!

Marc Lippitt
Principal
Unique Properties, LLC
Direct: 303-321-5888
Fax: 303-321-5889
E-mail Me
www.uniqueprop.com
_______________________________________________________________________

Buckingham Manor Apartments $3,890,000

84 unit apartment complex with a great unit mix of one and two bedrooms. It is surrounded by the redeveloping Buckingham Square Mall. Includes two separate buildings with elevators. Great upside potential!

Marc Lippitt
Principal
Unique Properties, LLC
Direct: 303-321-5888
Fax: 303-321-5889
E-mail Me
www.uniqueprop.com
_______________________________________________________________________

INCOME PROPERTY - MULTI-UNIT COLO APT. HOUSE $1,498,000

24 UNITS, 8 ONE BEDROOM AND 16 TWO BEDROOM UNITS. FULLY OCCUPIED, COIN-OP LAUNDRY - TENANTS PAY ELECTRIC (SEPERATE METERS) HEAT IS GAS HOT WATER, OWNER PAID. YEAR OF CONTRUCTION 1972, TOTAL FINISHED SQ. FT. 18,720. RESIDENT MANAGER, LAWN SPRINKLERS, BALCONY/PATIO/DECK. AVERAGE ONE BEDROOM RENTS $545/MO., TWO BEDROOM RENTS $640/MO. 8.6 GRM. GREAT LOC CLOSE TO BUS AND SHOPPING, WELL MAINTAINED. LOCATED IN LONGMONT CO., CLOSE TO BOULDER AND DENVER. OWNER TIRED WANTS TO SELL. CONTACT AL CHRISTNER, A BETTER WAY REALTY.

AL CHRISTNER
GRI,MRE
A Better Way Realty
Direct: 720-933-5777
Fax: 303-484-6788
E-mail Me
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4265 Kendall St $1,280,000

Kendall Street Condominiums offers an apartment portfolio of three separate six-plexes which are 100% occupied, 18 total units, 18 total parking plus 6 garages, and a total of 11,925 gross building square footage. The current rents average $.83/SF, which are well below the market of $1.05/SF. The three properties can be sold together or separately. Each property was converted to condominiums in 2003 and each unit has a separate parcel ID as well as electric meter and individual gas measuring device installed. Installing new windows or individual hot water heaters/furnaces could reduce the owner utility expense as a further upside potential. Kendall Street Condominiums include three, one-story brick buildings built in 1947. Each building contains six units, a total of 3,420 square feet, and is U-shaped with an interior courtyard. The lot size is 1.43 acres, and 4265 Kendall also includes 6 detached garages for parking. Unit amenities include hardwood floors, some swamp coolers, off-street parking, and a common courtyard. All units are set up as condominiums with separate exterior entrances. Six detached garages are available for rental. On site laundry is available in the basement of each building.

Marc Lippitt
Direct: 3033215888
E-mail Me
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724 E 10th Ave - Clarkson Apartments $1,599,000

- Located in Capitol Hill - High Ceilings and Wood Floors - Includes a Common Courtyard Area - New Electric Baseboard Heat - Many Units Include a Washer/Dryer

Marc Lippitt
Direct: 3033215888
E-mail Me
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2701 S Federal Blvd $1,275,000

The 2700 Federal Apartments, located in the Hot Highlands neighborhood of Denver, can be purchased in conjunction with the apartments at 2701 across the street. The zip code 80211 is Denvers zip with a view according to the Denver Post. The apartment is strategically located within walking distance to the popular LoDo area as well as the popular Highlands Square area. Young Professionals find the Highlands neighborhood to be affordable and just a short commute to Downtown Denvers Central business district. Trendy restaurants and shops are proliferating in the neighborhood and a new pedestrian bridge connects Highland to Lower Downtown. This all comes together to make Denvers 80211 zip code one of the most fun and upcoming areas in Denver.

Marc Lippitt
Direct: 3033215888
E-mail Me
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2700 Federal Blvd $1,300,000

Marc Lippitt
Direct: 3033215888
E-mail Me
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·Sherman Commons Condominiums $2,850,000

35 Units Pro Forma Cap Rate: 6.95%

John Laratta
3036070025
E-mail Me
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·Parkview Terrace $13,750,000

The Parkview Terrace, which was built in two phases in 1973, consists of 206 units in 22, two-story, exterior walk-up, newer flat-roof, brick-on-frame buildings with a newer asphalt shingle mansard, second floor trim. All the windows have been replaced. There are two additional two-story, common area buildings each with a second floor rental unit and a central laundry room. One building has a first floor leasing center and the other a first floor maintenance shop. The community is situated on 9.53 welllandscaped acres, providing a low density park-like environment of 21.6 units per acre. The southern phase of the community is adjacent to Bell Roth City Park with its newer playground, recreation path and lake. Common area amenities include the 1,500 square-foot leasing center in the southern phase with kitchen, offices and central laundry room, and adjoining outdoor, heated swimming pool and playground area. There is a second playground area in the northern phase. There are approximately 310 open parking spaces.

Chuck Sweeney
3036079012
E-mail Me
www.hendrickspartners.com
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·Rams Park $7,775,000

48 Units Pro Forma Cap Rate: 5.98%

John Laratta
3036070025
E-mail Me
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·Elmwood Manor $1,895,000

28 Units Pro Forma Cap Rate: 6.96%

John Laratta
3036070025
E-mail Me
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·Lampliter $3,100,000

41 Units Pro Forma Cap Rate: 7.35%

John Laratta
3036070025
E-mail Me
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·Mesa Gardens

The Mesa Gardens Apartments is a low density, garden style community developed with the family in mind. The unit mix consists primarily of two- and three-bedroom units and includes rare four bedroom apartments -- ideal for families. Also, across the street from Mesa Gardens is the K-5 Spann School, convenient to students residing at Mesa Gardens. The expansive grounds of Mesa Gardens are fronted by wrought iron fencing on 12th Street with a landscaped grassy area including a picnic gazebo. There is a clubhouse/leasing office complete with a party room and exercise equipment. The large central laundry room has modern equipment and is adjacent to the children's playground area. The majority of the grounds are xeriscaped with rocks complemented by walkways winding through the community. There is ample parking in three lots with separate entries serving Mesa Gardens. The community consists of 13 apartment buildings plus the club house, maintenance shop and maintenance garage. All of the apartment buildings are two-story frame structures with stucco exteriors and pitched roofs. Originally built in 1972, the property underwent a significant rehab in 1998.

Erik Robinson
303.607.0892
E-mail Me
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·Jody

The Jody Apartments has been owned and managed by the original owner and developer since 1968. The property consists of three walk-up style apartment buildings with 62 units, plus a five-bay garage and workshop. The two-acre site is on the western boundary of the City and County of Denver. Each apartment building is two-story wood frame with brick veneer on the first level and wood siding on the second level. The roofs are pitched with asphalt composite shingles. Units are accessed by exterior walkways and stairs that have been recently replaced. There is ample surface parking and extra land at the back of the lot for storage. Two of the garage bays, plus outside storage, were recently rented for $2,000/month. Residents enjoy an enormous laundry room with a furnished lounge adjacent to the manager's two-bedroom apartment.

Frank Farrell
303.607.9018
E-mail Me
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· Oliveglen Villas

23 Luxury Town Houses in a Gated Community Available as a Package Oliveglen Villas are a modern interpretation of 16th Century Italian villas, designed by an award winning architect, that combines a unique brand of "Old World" craftsmanship with boldness of design. Three models range in size from 1750 S.F to 2,739 S.F. These town homes are now being offered for sale as a package. An outstanding investment opportunity exists to acquire all 23 Luxury Town Houses. This is a must see property !!! Call today for more information! Estimated retail value in excess of $12 Million dollars. Builder Close-Out Price: $8,620,000 Property Description . Total Finished SF:: 57,857 . Recent Retail Sales $549 - 579K . Some models with Elevators . Includes Finished Basements . Near Cherry Creek State Park . Cherry Creek School District . Minutes to Denver Tech Center . 2 Car Attached Garages Exclusively Listed By:

Marc S. Lippitt & Scott L. Shwayder
Unique Properties, LLC
1825 S. Bellaire Street, Suite 825
Denver, Colorado 80222
Tel: (303) 321-5888
Fax.: (303) 321-5889
www.uniqueprop.com
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· For Sale -� 40 Units

285 South Jay Street Lakewood, Colorado 40 Units $2,800,000 . Minutes from the New Multi-Billion Dollar BelMar Re-development . 8 Units completely renovated . Low-Maintenance exterior walk-up building * Recorded Condominium Map and Declarations * Property Description Purchase Price: $2,599,000 YOC: 1966 Bldg. Size: 29,176SF Lot. Size: 82,416 SF Units: 40 Unit Mix: 21-1BR, 16-2BR, 3-3BR Price/Unit: $64,975 Price/SF: $ 89.08 Cap Rate: 7.0 % Exclusively Listed By:

· Fairfax Arms 12-Units 559 S. Fairfax St. $649,000

FEATURES: Spacious Units, Immaculate Condition, Walk to Four Mile Park, Borders Mir Park, Storm Windows, 8 Building Parking Spaces, On-Site Coin-Operated, Laundry, Individual A/C Unit, Long Term Tenants, Nicest Building in Area, Close to Cherry Creek Shopping District. Purchase Price: $ 665,000 YOC: 1961 Bldg. Size: 7220 Lot. Size: 6446 Units: 12 Unit Mix: 1(Studio), 6 (1 BD), 5 (2BD) Cap Rate: 7% Price/Unit: $55,417 Price/SF: $92.10 Exclusively Listed By:

· 610 WINONA COURT DENVER, COLORADO 80204

SALE PRICE IS: $519,900� This renovated 8 unit is located just north of 6th Avenue, east of Sheridan and southwest of Martinez Park, on Denver's west side. This location permits tenants rapid access to both downtown and the foothills.� Units: 8 Building Sq. Ft.: 5,160 Site Sq. Ft: 26,796 Floors: 2 Zoning: R-3 YOC: 1976� Property Features: Two Story Walk-Up and Fully Leased.� Recent Renovations Include: Paint, Carpet & Lino, Updated cabinets, Updated Appliances, Updated Bathroom, Re-sealed parking lot, Brand New Water Boiler, Brand New Baseboard, Hot-Water Heating System Exclusively Presented By: Unique Properties, LLC.

Marc S. Lippitt & Scott L. Shwayder
Unique Properties, LLC
1825 S. Bellaire Street, Suite 825