This commercial appraisal consists oftwo-story multi-tenant apartment project (consisting of two buildings) of wood frame construction. The rentable area totals 5,536 square feet situated on approximately 7,500 square feet of land area. The existing improvements were constructed in 1927. Upon completion of the proposed renovation and conversions (Units 1429 and 1429 1/2 from one to two bedrooms and Units 1431, 1431 1/2, 1433 and 1433 1/2 from two to three bedrooms), the proposed improvements are assumed to be in excellent condition. On-site parking is provided by the 5-car garage.