STRONG CASH FLOW WITH UPSIDE POTENTIAL The Mojave Apartments at 140 E. Spring Street offers investors a combination of strong day-one returns and meaningful operational upside. The property is projected to increase NOI by over 20% through the gradual realization of market rents and ancillary income opportunities, driving the cap rate from an already attractive 6.01% to approximately 7.26%. With a balanced mix of (10) 2BD/1BA and (10) 1BD/1BA units, one-to-one parking ratio, community pool and sundeck, and attractive curb appeal, the property is positioned to generate strong rental demand and premium rents.