INVESTMENT OVERVIEW

Carrie-Diana Arms was constructed in 1978 and consists of 18 units located at 916 Del Monte Avenue, Salinas, California. The property is comprised of (18) two-bedroom / one-bath units measuring approximately 730 square feet for a total of 13,146 square feet of residential living area. All units have individual meters for gas and electric. The downstairs unit layouts feature large back patios. There is also an on-site laundry facility and plenty of parking with 28 open spaces. The property is made up of one two-story building situated on an approximate 22,500 square foot lot. The building is constructed of wood frame with a stucco exterior and a flat tar and gravel roof with mansard siding.

The subject property is situated a short distance from Oldtown Salinas which offers residents a wide variety of dining, shopping and entertainment establishments.