2305 Cheim Blvd, Marysville, CA 95901 For Sale

PROPERTY HIGHLIGHTS

• 26 Individually-Deeded Two-Story Townhomes with HOA in Place
• Under New Management
• 100% Occupied
• Assumable Loan: $2,255,007 @ 4.2%
• Over $44,000 Principal Reduction Per Year
• Extremely Stable Rental Market with High Demand
• Value Add Opportunity with $21,000+/- Annual Upside in Rents

26 TOWNHOMES WITH LARGE YARDS

(2) 3 BR/1.5 Bath - 1,275 SF Units

(8) 3 BR/1.5 Bath - 1,224 SF Units

(6) 2 BR/1.5 Bath - 1,090 SF Units

(10) 2 BR/1.5 Bath - 1,008 SF Units

• Spacious Two-Story Townhome Units in 3 Separate Buildings

• Large Fenced Backyards (3 Units Have Extra-Large Yards)

• Concrete Patio & Storage Closet in Each Backyard

• Two Covered Parking Spaces in Front of Each Unit

• Gas Fireplaces with Hearth & Mantle

• Convenient Washer/Dryer Hookups Upstairs

• Central Heating & Air Conditioning Units

• Resident Access to Pool and Spa

IMPROVEMENTS & UPGRADES $550,000

• New 40-Year Roof on All Units with Transferrable Warranty

• New Roof on All Carports

• New Exterior Paint & New Bank of Locking Mailboxes

• Rebuilt Pool/Spa with Upgraded Equipment

• Recently Upgraded Landscaping & Retaining Walls

• T-111 Siding Replaced with Durable Hardie Plank Siding

• New Appliances and Flooring in Several Units

• New Upgraded Concrete Driveway

• Repaired, Replaced, and Stained Exterior Fencing


HOMEOWNERS ASSOCIATION (HOA)

• HOA is compliant with the California Department of Real Estate.

• The HOA is 100% controlled by the current Owner.

• HOA management can be terminated with a thirty-day notice.

• HOA management fees, administrative expenses, and capital reserves are optional and not included in this Memorandum.

• An HOA is not required for one Owner of all 26 units but would be required if any individual units were to be sold.

DISCLOSURES

• NOTE: The gross rental income in this Memorandum is effective as of 12/1/25 per rent per the rent roll.

• The property operating expenses stated in this Memorandum are a combination of expenses paid by both the property management

company and the HOA (i.e. water, sewer, trash, property insurance, utilities for pool and common areas).

• The property operating expenses reflect the property being operated as a multi-family apartment complex without an HOA.

• The HOA management fee, administrative fees, and capital reserves contributions are not reflected in the property operating expenses.

• The operating expenses shown do not include the $550,000 of capital improvements and property upgrades made in recent years.

• The present Owner typically spends $30,000 to $50,000 per annum on capital improvements not reflected in the operating expenses.

• Every Owner operates differently. Future Owner’s expenses may be higher or lower than those represented in the OM.

• AB 1482 restricts rent increases to no more than 5% plus the percentage change in the cost of living (CPI) or a maximum of 7.75%

total, whichever is lower, in a 12-month period.

• No restrictions or limitations on rent increases upon Tenant turnover.