Property Highlights; Competitive Offering Actual CAP Rate of 6.47 %, ProForma CAP Rate of 7.47 % •ProForma CAP Rate Based on Increasing Rents to Current Market Rental Rates. Offering Actual GRM of 9.16, With a ProForma GRM of 8.73, $20,000+ in Capital Improvements Completed Between 2017-2018. •The Improvements Include: , 4 Units Fully Renovated, HVAC Systems, Plumbing & Electrical Fixtures as Necessary. Occupied With Long Term Tenants, Conservative 5% -7% Upside in Potential Rental Income. Rental Comparables Illustrate a 98 % Occupancy Area. • Rental Survey Completed 07/03/2018. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Attached Garage With Walk-Thru Access To The Apartment. The 7208-7222 Palo Alto Apartment community is a true pride of ownership property, owned and operated by the same owner. This 10 unit complex has 4 buildings that occupies 2 lots with 2 separate APN numbers on a large 0.508 acre lot. The property is composed of (4) 2-bedroom 1-bathroom flats (975 sq. ft.) and (6) 2-bedroom 1.5-bathroom townhomes (1007 sq. ft.). The tenants are afforded with an attached garage with walk-thru access to the apartment. An inside laundry room is included in all units . The owner has invested 20k in capital expenditures that includes 4 fully renovated units.