• 9500 Bancroft Ave, Oakland
• 1736 23th Ave, Oakland
• 1718 6th Ave, Oakland
• 515 E 11th St, Oakland
• 429 Vernon St, Oakland
• 348 Jayne Ave, Oakland
• 1035 8th Ave, Oakland
• 905 E 11th St, Oakland
• 745 E 11th St, Oakland
• 751 E 11th St, Oakland

• Asking Price: $10,835,000
• This Rare Portfolio Investment Opportunity Features Ten (10) Total Properties Comprised of Sixty-Eight (68) Total Units Featuring a Balanced Unit Mix of Studios, 1-Bedroom, And 2- Bedroom Units
• Tremendous Value-Add Opportunity for Investors to Stabilize the Properties by Addressing Deferred Maintenance Items and Making Cosmetic Improvements in Exchange for an Attractive Basis and Outsized Returns
• Capital Pass Throughs can Offset Some of the Costs and Bring Up the Current Rents
• Eleven (11) Vacant Units that can be Renovated and Rented for Market Rent
• Day One Cash Flows Expected to be Far Superior to Other Properties on the Market
• Equity Growth Through Forced Appreciation Far Exceeds What is Possible with Other Properties Upon Addressing Deferred Maintenance Items
• Prime Oakland Location - Spanning Adams Point all the Way to East Oakland, and Located Near Various Dining, Shopping, and Entertainment Options as well as Convenient Access to Major Bay Area Employers Through the I-880 & I-580 Highway Corridors

OFFERING SUMMARY
COUNTY: Alameda
RENTABLE SF: 41,139 SF
NUMBER OF UNITS: 68
APN: Multiple

FINANCIAL SUMMARY
PRICE: $10,835,000
PRICE PSF: $263.38
PRICE PER UNIT: $159,338
OCCUPANCY: 100.00 %
NOI (CURRENT): $544,567
NOI (PRO FORMA): $1,046,592
CAP RATE (CURRENT): 5.03 %
CAP RATE (PRO FORMA): 9.66 %
CASH ON CASH (CURRENT): 1.42 %
CASH ON CASH (PRO FORMA): 13.01 %
GRM (CURRENT): 10.78
GRM (PRO FORMA): 6.98

PROPOSED FINANCING
LOAN TYPE: Amortized
DOWN PAYMENT: $4,334,000
LOAN AMOUNT: $6,501,000
INTEREST RATE: 6.30 %
LOAN TERMS: 30
ANNUAL DEBT SERVICE: $482,861
LOAN TO VALUE: 60 %
AMORTIZATION PERIOD: 30 Years

Property Overview
• The Pinza Group is pleased to present the One Thin Dime Portfolio, an exceptional investment opportunity spanning from Adams Point to East Oakland. This portfolio comprises 10 multifamily properties, strategically located near diverse dining, shopping, and entertainment options, with convenient access to major Bay Area employers via the I- 880 & I-580 highway corridors.
• This portfolio offers a tremendous value-add opportunity for investors to stabilize the properties by addressing deferred maintenance and making cosmetic improvements, ensuring an attractive basis and outsized returns. Key improvements include repairing or replacing roofs, electrical panels, plumbing, dry rot, seismic retrofit compliance, and more across the various properties.
• Capital pass-throughs can help offset some costs and increase current rents. Vacant units can be renovated and rented at market rates with RUBS to minimize future operating expenses. Day-one cash flows are expected to surpass those of other market properties, while equity growth through forced appreciation will exceed typical possibilities once deferred maintenance is addressed. Investors will acquire stabilized assets at low bases with a balanced unit mix of studios, 1-bedroom, and 2-bedroom units across the 68-unit portfolio.

Location Overview
• Nestled on the eastern shore of the San Francisco Bay, Oakland, CA, is a vibrant and diverse city known for its rich history, thriving arts scene, and scenic beauty. With historic architecture, eclectic neighborhoods, and lush parks like Lake Merritt, Oakland blends urban sophistication with natural charm. The city's dynamic communities, innovative tech sector, and commitment to sustainability create a welcoming atmosphere, making Oakland a distinctive Bay Area destination.