This offering reflects real-world East Bay investment metrics: Cap rate includes full tax burden and owner-paid utilities. Property is now 100% occupied following lease-up of Unit #3, generating stabilized income at full market potential. Historical 12-month NOI (actual) reached ~$94,300, confirming strong operational stability under professional management. Pro forma NOI (at market rents and current occupancy) projects to ~$110,000+, reflecting a market cap rate near 5.0% on stabilized performance. This property is ideal for: 1031 Exchange buyers seeking stable yield in a supply-constrained East Bay market Hands-on owner-users looking to occupy or manage a smaller multifamily asset Long-term investors focused on income growth through rent normalization and light value-add improvements Private portfolio builders seeking predictable cash flow with future appreciation potential