O F F E R I N G M E M O R A N D U M

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L u x u r y A p a r t m e n t s V on Adams

RAYMOND CHOISENIOR VICE PRESIDENT INVESTMENTS

DIRECTOR, NATIONAL MULTI HOUSING GROUP

4660 LA JOLLA VILLAGE DR, STE 900

SAN DIEGO, CA 92122

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RAYMOND.CHOI@MARCUSMILLICHAP.COM

E XC L U S I V E LY L I S T E D BY

L u x u r y A p a r t m e n t s V on Adams

I N V E S T M E N T OV E RV I E W

V o n A d a m s , l o c a t e d a t 4 7 2 0 - 3 2 H aw l e y B l v d , p r e s e n t s t h e e x c l u s i v e o p p o r t u n i t y t o a c q u i r e t h e l a r g e s t l u x u r y t u r n k e y a s s e t i n c e n t r a l N o r m a l H e i g h t s , a t r e n d s e t t i n g 4 4 u n i t a p a r t m e n t b u i l d i n g . N o r m a l H e i g h t ’ s s u b m a r ke t , o n e o f S a n D i e g o ' s h i g h l y

p r e f e r r e d n e i g h b o r h o o d s , i s a t h r i v i n g a r e a k n o w n f o r i t s s u p e r i o r wa l k a b i l i t y, c u l t u r a l d i v e r s i t y, a n d n o t i c e a b l e a g g r e s s i v e c l i m b i n g r o w t h .

W i t h a n e n t r a n c e o f f o f A d a m s Ave n u e , V o n A d a m s o f f e r s a n u n s u r p a s s e d m o d e r n i s t q u a l i t y o f l i v i n g t h r o u g h i t s c o m p l e t e r e n o va t i o n a n d t a s t e f u l r e d e s i g n . C o n s t r u c t e d i n 1 9 7 1 a n d r e n o va t e d i n 2 0 1 8 , t h e p r o p e r t y i s s i t u a t e d o n a 3 3 , 9 7 6 s q f t l o t w i t h 3 2 , 9 4 6 r e n t a b l e s q f t a n d h a s a r e c o r d e d c o n d o m a p f o r a l l 4 4 u n i t s . V o n A d a m s

b o u t i q u e u n i t s a r e c o m p r i s e d o f ( 1 ) s t u d i o / o n e b a t h r o o m , ( 2 8 ) o n e b e d r o o m / o n e b a t h r o o m , ( 9 ) t w o b e d r o o m / o n e b a t h r o o m , a n d ( 6 ) t w o b e d r o o m / t w o b a t h r o o m s . T h e u n i t s ’ k i t c h e n s a r e d r e s s e d w i t h d e s i g n e r w o o d l a m i n a t e f l o o r i n g , n e w c a b i n e t s , q u a r t z c o u n t e r t o p s , a n d s t a i n l e s s s t e e l a p p l i a n c e s . T h e b a t h r o o m s d e b u t n e w s l a t e

t i l e d s h o w e r s / t u b s , g l a s s s l i d i n g d o o r s , a n d m o d e r n f i x t u r e s w h i c h a r e a l l s t r a t e g i c a l l y d e s i g n e d f o r r e s i d e n t s t o c o m fo r t a b l y l i v e i n s t y l e . O t h e r a t t r a c t i v e a t t r i b u t e s f o r

r e s i d e n t s i n c l u d e a n i n v i t i n g p r i v a t e B B Q c o m m o n a r e a , ( 4 7 ) o f f s t r e e t p a r k i n g s p a c e s w i t h e l e c t r i c g a t e d a c c e s s , s e l e c t u n i t s w i t h p a t i o s / b a l c o n i e s , i n u n i t A / C , o n

s i t e l a u n d r y, a n d o ve r $ 1 0 0 K i n p u t i n t o t h e n e w l y d e s i g n e d m o d e r n e l e va t o r.

V o n A d a m s c u r r e n t s t a t e o f i t ' s e x c e p t i o n a l c o n d i t i o n c o m b i n e d w i t h t h e b o o m i n g n e i g h b o r h o o d w i l l o n l y a d d t o t h e f u t u r e g r o w t h o f t h e p r o p e r t y ' s i n c o m e p o t e n t i a l .

T h e i m p a c t f r o m t h e s e f a c t o r s f o r m a h i g h d e m a n d r e n t a l s i t u a t i o n f o r l a n d l o r d s w h i c h w i l l c o n t i n u e a s f u t u r e r e s i d e n t s va l u e t h a t t h e y a r e n o t j u s t r e n t i n g , b u t l i v i n g e x -

c e p t i o n a l l y w e l l . W i t h i t s h i g h - e n d q u a l i t y a n d i r r e p l a c e a b l e l o c a t i o n , t h i s i s t h e i d e a l a s s e t f o r a n i n v e s t o r s e e k i n g a t u r n k e y a s s e t t h a t o f f e r s p r o m i s i n g a p p r e c i a t i o n i n

o n e o f S a n D i e g o ' s m o s t v i b r a n t n e i g h b o r h o o d s .

L u x u r y A p a r t m e n t s V on Adams

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L u x u r y A p a r t m e n t s V on Adams

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L u x u r y A p a r t m e n t s V on Adams