Page 21 - Solana101_OfferingMemorandum_GSP

MULTIFAMILY LEASE

ADDRESS CITY YEAR BUILT UNITS CLASS ONE BEDROOM TWO BEDROOM
SF Rent $/SF SF Rent $/SF
121 N Sierra Ave Solana Beach 2004 2 B 1,000 $5,000 $5.00 -- -- --
7844 Herschel Ave La Jolla 1982 5 C 925 $5,000 $5.41 -- -- --
116 Solana Vista Dr Solana Beach 1953 2 C -- -- -- 1,500 $6,000 $4.00
215 Bonair St La Jolla 1980 12 C 528 $3,500 $6.63 -- -- --
AVERAGE -- 1980 5 -- 818 $4,500 $5.50 1,500 $6,000 $4.00
8800 Lombard Pl San Diego 2019 300 A 762 $4,030 $5.29 1,261 $6,155 $4.88
400 Prospect St La Jolla 2016 53 A 748 $3,965 $5.30 1,210 $5,779 $4.78

AVERAGE -- 2018 177 -- 755 $3,998 $5.29 1,236 $5,967 $4.83
Solana 101 Solana Beach 2022 25 A 930 $4,014 $4.32 1,221 $5,872 $4.81

MULTIFAMILY SALE

ADDRESS CITY SF YEAR BUILT UNITS SALE PRICE $ / UNIT $ / SF SALE DATE
4928 Crystal Dr La Jolla 4,203 2000 3 $4,385,000 $1,461,667 $1,043 Mar-18
1542 Summit Ave Cardiff 2,176 1969 2 $2,700,000 $1,350,000 $1,241 May-19
1301 Cornish Dr Cardiff 2,400 1978 2 $2,160,000 $1,080,000 $900 Mar-18
1801-03 Coast Blvd Del Mar 2,496 1960 3 $3,075,000 $1,025,000 $1,232 Oct-19
442 3rd St Encinitas 1,497 1950 2 $2,000,000 $1,000,000 $1,336 Jul-19
AVERAGE -- 2,554 1971 2 $2,864,000 $1,193,333 $1,121 --
Solana 101 Solana Beach 28,484 2022 25 $29,100,000 $1,164,000 $1,022 --

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