Ontario Short Sale Multifamily $525,000

Fairfield Court Fourplex - Ontario

No. Units: 4
Building Size: 4,269 SF
Price/Unit: $131,250
Property Type: Multifamily
Property Sub-type: Duplex/ Triplex/ Fourplex
Property Use Type: Investment

Cap Rate: 7%

Occupancy: 100%
No. Stories: 2
Year Built: 1980
Lot Size: 8,978 SF


Description

Great investment property. Fully leased and in excellent condition. This is a short sale.

*** Please DO NOT disturb tenants ***

Conveniently located 2 blocks from Highway 60 and the Vineyard Ave. exit. All retail services within half mile.


Financial Summary:

Actual
Net Operating Income $36,500

Pomona Bank Owned Multi Family $329,000

No. Units: 5
Building Size: 2,825 SF
Price/Unit: $65,800
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Additional Sub-types: Commercial/ Other (land)
Property Use Type: Investment
Distressed: Yes

Occupancy: 100%
No. Stories: 1
Year Built: 1956
Lot Size: 13,900 SF
Parking Ratio: 5 / 1,000 SF


Highlights

* Non Rent Control
* Multi Family Value Add Rehab Opportunity or
* Great Commercial Development Potential

* Zoned C4 - Highest Commercial Use
* 13,900 SF Lot
* Seller May Deliver Vacant



Description

100% Bank Owned!! Property is a one story bungalow style apartment building comprised of 5 1+1 side-byside units averaging 565 SF. Each unit has private fenced-in patios in rear of units. There is ample parking in front property for approx 8-10 parking spaces.
Located on a 13,900 SF lot, zoned C4 and allowing for most commercial uses, property has great commercial development potential, or value add opportunity for it's current multi family use. Seller is in the process of vacating units for rehab opportunity or future developer.

The property is located in the city of Pomona, approx 30 miles east of downtown LA. Subject has easy access and a few minutes from the 71 FWY and 10 FWY.


Unit Mix Information:
Description No. Units Avg. Mo. Rent Sq. Ft.
1 Bed + 1 Bath 5 $650 565

Glendale 8 Units Residential Income Property For Sale $1,850,000

• No. Units:
  8
• Building Size:
  7,100 SF
• Price/Unit:
  $231,250
• Property Type:
  Multifamily
• Property Sub-type:
  Garden/Low-Rise
• Property Use Type:
  Investment
• Cap Rate:
  4.60%
• Occupancy:
  100%
• No. Stories:
  2
• Year Built:
  1985
• Lot Size:
  7,497 SF

Highlights

• All 2+1.75 units
• Individual hot water heaters
• Ease of Management

• High Demand Rental Pocket
• 14 Parking Spaces, Laundry on Site

Description

This prime location 8 unit offering is right in the heart of the financial district of Glendale. Comprised of (8) two bedroom and 1.75 bath units and built in 1985 makes for ease of management. Laundry is on-site as well as parking.

Los Angeles Bank Owned Office Building $1,300,000

• Building Size:
  14,220 SF
• Price/SF:
  $91.42
• Property Type:
  Office
• Property Sub-type:
  Office Building
• Property Use Type:
  Vacant/Owner-User
• Occupancy:
  100%

• Year Built:
  1957

Description

Bank REO Property. Hard to find owner/user opportunity with upside for additional income.Property had recent fire.Secure parking lot located behind the building.Excellent access off 101 Freeway.

Pasadena 14 Units Apartment For Sale $2,180,000

• Building Size: 8,902 SF
• Price/Unit: $155,714.29
• 
  
• Property Type: Multifamily
• Property Sub-type: Garden/Low-Rise
• 
  
• Property Use Type: Investment
• Cap Rate: 5.82%
• 
  
• No. Stories: 2
• Year Built: 1989
• Lot Size: 15,000 SF

Description

Reduced$300,000 price for quick sale! You can't find another 1989 built 14 unit property at this price in Pasadena. Minutes drive to Old Town. Gated entry and parking structure. Each unit has parking, patio and 2 bedrooms with extras. Rent growth potential. Property sold "as is".

• Scheduled Gross Income $172,680
• Total Expenses $36,000
• Net Operating Income $136,680

Pasadena 12 Units Apartment For Sale $1,699,000

• No. Units: 12
• Building Size: 8,502 SF
• Price/Unit: $141,583.33
• Property Type: Multifamily
• Property Sub-type: Garden/Low-Rise
• Property Use Type: Investment
• 
  
• Cap Rate: 6.10%
• Market Cap: 7.8%
• Current Cash Return: 4.7%
• 
  
• Gross Rent Multiplier: 12.20
• Occupancy: 100%
• 
  
• No. Stories: 2
• Year Built: 1913
• Lot Size: 19,351 SF

Highlights

• Character Building One Of A Kind Property
• Great Curb Appeal Balconies and Patios
• 16 Parking Spaces + 6 Garages

• New Copper Plumbing Updated Electrical Panels
• Hardwood Floors & Original Details
• Over 19,000 sqft Corner Lot

Electric: 13 meters
Gas: 12 meters
Water: 1 main
Water Heater: 13 individuals

Estimated Annual Espensed: $33,988
Total Current Rent: $138,720


The property offers 16 parking spaces, 6 garages, 12 individual storage rooms, landlord owned laundry, separate gas & electric meters and water heaters, new copper plumbing, updated electrical panels, lush landscaping, hardwood floors, balconies and patios. Full of character, original details and old world charm. No Rent Control. Zoning is RM16.

Los Angeles 2 Units Residential Income Property $429,000

Type:	Multifamily Duplex/Triplex/Fourplex
No. Units:	2
Building Size:	1,851 SF
Lot Size:	5,183 SF
Occupancy:	100.00%
Price:	$429,000
Price/Unit:	$214,500
Cap Rate:	5.67%
Year Built:	1954

Property Description:
Charming Two On a Lot. Front house 2 bedrooms 1 bath, back house 1 bedroom 1 bath. Front house can be delivered vacant at close of escrow. Perfect to live in and rent out back for solid rental income. Quiet tree-lined neighborhood just north of Downtown. Short Sale. This property is non-rent controlled.

•

Unit 1 = 2 bd/2ba, Rents for $1800

•

Unit 2 = 1 bd/1ba, Rents for $1100

Scheduled Gross Income:	$34,800
Operating Expenses:	$10,440
Net Operating Income:	$24,360

No Unit Mix Information Provided

No Debt & Equity Information Provided