Los Angeles 11 Units Residential Income Property $3,999,000

Type:	Multifamily Garden/Low-Rise
No. Units:	11
Building Size:	16,368 SF
Lot Size:	13,317 SF
Price:	$3,999,000
Price/Unit:	$363,545
Cap Rate:	5.30%
Year Built:	1981

Property Description:
Completely Remodeled to Condo quality. Property has White Slips. Was purchased to be converted to condos but the market fell. Is currently being rented back up as apartments. Built in 1981 and NOT subject to rent control. Excellent unit mix of all 2's and 3's, with 7 units being multi-level town homes. All units have brand new W/D's and 2 parking spaces. 5.3% CAP against projected rental income. Low maintenance property since everything has been rehabbed, including new windows.

Financial Summary

Proforma

Year: 2008 Scheduled Gross Income: $308,400 Operating Expenses: $87,508 Net Operating Income: $211,640 Pre-Tax Cash Flow: $62,877

Unit Mix Information

2+2

No. Units: 3

2+2 TH

No. Units: 2

2+2.5 TH

No. Units: 5

3+4 TH

No. Units: 1

Debt & Equity Information

Debt Type:	Proposed
Loan Amount:	$2,480,000
Interest Rate:	6.00%
Amortized Over:	30
Due In:	5
Annual Debt Service:	$149,000
Down Payment:	$1,520,000
Loan Description:
Buyer to obtain new 1st TD. Contact your lender for a current quote.

Los Angeles Multifamily For Sale $1,599,000

Type:	Multifamily Duplex/Triplex/Fourplex
No. Units:	3
Building Size:	4,236 SF
Lot Size:	8,102 SF
Occupancy:	100.00%
Price:	$1,599,000
Price/Unit:	$533,000
Year Built:	1977

Property Description:
This triplex was built in 1977, and is in great condition. The property would work well for an owner/user. The back unit has a private swimming pool and patio area. Please call for marketing flyer on the property. PLEASE DO NOT DISTRUB THE TENANTS. SELLER WILL REVIEW ALL WRITTEN OFFERS.

Financial Summary Actual

Year:	2008
Scheduled Gross Income:	$64,349
Operating Expenses:	$19,199
Net Operating Income:	$45,150

Unit Mix Information

4 Bedroom / 3 Bath / Private Pool/Spa

No. Units: 1 SF: 2,200

2 Bedroom / 2 Bath

No. Units: 1 SF: 900

1 Bedroom / 1 Bath

No. Units: 1 SF: 750

No Debt & Equity Information Provided.