KEVIN HOLLINGSWORTH, BROKER CALIFORNIA BRE LICENSE #01750277

482 W. ARROW HWY, #F, SAN DIMAS, CA 91773 626-967-2000 FAX 909-599-4880

NEXUSREALESTATE.COM KEVINHOLLINGSWORTH@MSN.COM

SUMMARY OFFERING MEMORANDUM MAGNOLIA MOBILE HOME PARK, 11951 (AKA 11949) MAGNOLIA STREET

EL MONTE, CA 91732

Confidentiality and Disclaimer: The information contained herein is that provided by the Owner but has not been verified by Nexus Real Estate Services. This Offering Memorandum contains a summary of information pertaining to the Property but does not purport to be complete or accurate descriptions of the information that a prospective buyer may need or require, nor does it constitute a legal analysis of such information. Nexus Real Estate has not made any investigation and makes no warranty or representation of the income or expenses for the subject property, the physical characteristics of the property including structure size, lot size, & condition of the property, the existence of or lack of existence of any environmental hazards, and compliance with Federal, State, and local regulations. Nexus Real estate has not verified any of the information contained herein, nor has Nexus Real Estate conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the completeness or accuracy of the information provided. The information contained herein is not a substitute for a complete due diligence investigation. All potential buyers must take appropriate measures to verify all information set forth herein. This Offering Memorandum is subject to changes or withdrawal without notice and does not constitute a recommendation or advice as to the value of the Property by Nexus Real Estate or the Seller. Each prospective purchaser is to rely upon their own investigation, evaluation, and judgment as to the feasibility of purchasing the Property described herein. The seller expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offer on the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. This Offering Memorandum and its contents are of a confidential nature and shall be held and treated in the strictest confidence. PAGE 1 OF 2

KEVIN HOLLINGSWORTH, BROKER CALIFORNIA BRE LICENSE #01750277

482 W. ARROW HWY, #F, SAN DIMAS, CA 91773 626-967-2000 FAX 909-599-4880

NEXUSREALESTATE.COM KEVINHOLLINGSWORTH@MSN.COM

Magnolia Mobile Home Park is a 38 space RV park on a 40,320 sf corner site located just south of the #10 freeway and just west of the #605 freeway. The site frontage is 135.64 feet with a depth of 296.95 feet and is currently zoned R3. All 38 spaces are occupied by park owned RVs which are included in the sale. There are currently 2 RV vacancies. Within the property is a small studio apartment and a community laundry room. Water and sewer are public. Electricity is sub-metered and paid by tenants. Water and gas are included in the rent. Note: Since the residents do not own their homes, the tenancies are not regulated by the Mobile Home Residency Law. However, the property is regulated by the El Monte Rent Stabilization Ordinance. 2020 GROSS INCOME: $365,978 2020 EXPENSES: $176,990N (excludes professional mgt) 2020 NET INCOME: $188,988 2020 CAP RATE: 6.2 CURRENT GROSS SCHEDULED INCOME $381,840 (annualized, excludes the 1 vacancy, includes utility income) PROFORMA GROSS RENTAL INCOME: $410,000 (100% occupancy after 5% vacancy loss with avg rent @ $900) PROFORMA EXPENSES: $177,000 (excludes professional mgt) PROFORMA NET INCOME: $233,000. PROFORMA CAP RATE: 7.7 PRICE: $3,000,000 FOLLOWING ARE THE 2018-2019-2020 P & L’S AND A CURRENT ROLL. PAGE 2 OF 2

MAGNOLIA MHP RENT ROLL (AS OF 02/01/2021)

1 $ 750.00 2 $ 1,050.00

3 $ 700.00 4 $ 800.00 5 $ 600.00 6 $ 1,000.00 7 $ 775.00 8 $ 800.00 9 $ 800.00 10 $ 850.00 11 $ 875.00 12 $ 900.00 13 $ 850.00 14 $ 950.00 15 $ 800.00 16 $ 800.00 17 $ 800.00 18 $ 900.00 19 $ 800.00 20 vacant 21 $ 850.00 22 $ 900.00 23 $ 800.00 24 $ 900.00 25 $ 1,050.00 26 $ 775.00 27 $ 800.00 28 $ 950.00 29 $ 850.00 30 $ 900.00 31 $ 700.00 32 $ 600.00 33 $ 700.00 34 $ 800.00 35 $ 900.00 36 $ 1,050.00 37 $ 800.00 38 $ 895.00 39 $ 800.00

$ 31,820.00 TOTAL SCHEDULED RENT

PROFIT & LOSS Magnolia MHP LLC

2020 INCOME Rental Income 337,986.98 Utility (electricity) income 27,992.00 TOTAL INCOME 365,978.98 EXPENSES Accounting Service 1,391.00 Franchise Tax Board 6,628.00 Insurance 10,116.49 Landscaping 1,825.00 License & Registration 3,772.25 Meter Reading 1,937.00 Office 4,034.11 Plumbing Repairs 1,621.29 Property Taxes 37,644.70 RV Purchases 21,112.91 Repair & Maintenance 17,700.17 Towing 450.00 Trailer Purchase/Refurbish 17,354.61 Electricity 32,448.84 Trash 10,226.56 Water 7,141.66

Gas 1,585.44 TOTAL EXPENSES 176,990.03 NET INCOME SUMMARY

Income 365,978.98 Expenses 176,990.03 NET INCOME 188,988.95

PROFIT & LOSS Magnolia MHP LLC

2019 INCOME Rental Income 319,144.75 Utility (electricity) Income 28,098.00 TOTAL INCOME 347,242.75 EXPENSES Accounting Service 1,480.00 Eviction 4,195.00 Franchise Tax Board 800.00 Insurance 9,724.33 Landscaping 3,300.00 License & Registration 4,673.30 Meter Reading 213.00 Office 2,872.90 Plumbing Repairs 10,146.47 Property Tax 36,595.21 RV Purchases 5,323.06 Repair & Maintenance 45,850.65 Electricity 26,434.24 Trash 8,184.62 Water 8,030.17 Gas 1,893.04 TOTAL EXPENSES 169,215.99 NET INCOME SUMMARY Income 347,242.75 Expenses 169,215.99 NET INCOME 178,026.76

PROFIT & LOSS Magnolia MHP LLC

2018 INCOME Rental Income 316,394.00 Utility (electricity) income 30,012.00 TOTAL INCOME 346,406.00 EXPENSES Accounting Service 1,085.00 Equipment Inspection 900.00 Eviction 5,260.00 Franchise Tax Board 800.00 Landscaping 330.00 License & Registration 5,649.70 Meter Reading 1,415.30 Office 44.52 Plumbing Repairs 150.00 Property Taxes 34,877.83 RV Purchases 12,718.50 Repair & Maintenance 12,748.00 Electricity 39,303.64 Trash 6,992.88 Water 6,812.75

Gas 3,552.08 TOTAL EXPENSES 132,640.20 NET INCOME SUMMARY Income 346,406.00 Expenses 132,640.20 NET INCOME 213,765.80