Monday, October 27, 2008

West Covina 2 Units Residential Income $675,000

Bldngs: 1

SqFt: 2,364

Lot SqFt: 6,647

Yr Built: 1977
Garage Spaces: 4

Description: Well maintained turnkey duplex, each unit is 3 bedrooms and 2 baths, Rent $1,750/$1,675. Unit A has downstairs bedroom & bathroom. Both units have a 2 car garage, yard space, and central air. Location is very close to walnut and a new housing development. Both units are rented out. Unit A has tile & hardwood flooring. Unit B has tile & carpet flooring.

Sprte Elctrc Mtrs: 2
Gas Meters: 2
Water Meters: 2

Monthly GSI:
$3,425
Annual Operating Expense $4,000
Gross Sched Income: $41,100
Net Oper Income: $37,000



West Covina 2 Units Residential Income Property $499,000

Bldngs: 1

SqFt: 2,346

Lot SqFt: 9,779

Yr Built: 1979

Description: Great spacious duplex with 3 bedroom per unit. All information deemed reliable but not guaranteed. All buyers to satisfys themselves as to all aspects of the property. Muliti-Family Unit.

Sprte Elctrc Mtrs: 2
Gas Meters: 2
Water Meters: 1


Tuesday, October 21, 2008

Los Angeles Apartment For Sale $2,625,000

Type:Multifamily
Garden/Low-Rise
No. Units:30
Building Size:28,911 SF
Lot Size:31,233 SF
Occupancy:100.00%
Price:$2,625,000
Price/Unit:$87,500
GRM:9.40
Cap Rate:4.01%
Year Built:1957

Property Description:

Marcus & Millichap is proud to present Nicolet Riviera, a 30 unit apartment community situated in Baldwin Village. Priced at $87,500/unit, 9.4 x GRM and $90/square foot, this is a value add opportunity that is priced to sell. The gated property offers garden style apartment living with a recently rehabbed swimming pool and lush tropical landscaping for tenant enjoyment. Please see attached Executive Summary for detailed financial information or call the Listing Agent.

Financial Summary Actual

Scheduled Gross Income:$282,458
Effective Gross Income:$272,689
Operating Expenses:$167,382
Net Operating Income:$105,307

2 bedroom/2 bath $924 No. Units: 9
1 bedroom/1 bath $734 No. Units: 18
Single/1 bath $577 No. Units: 3

No Debt & Equity Information Provided

Friday, October 17, 2008

Upland 4 Units Residential Income Property $849,900

Units: 4
Bldngs: 1

SqFt: 4,028
Lot SqFt: 7,800
Yr Built: 1966

Tenant Pays: Electricity,Gas

Description: Best Location in Upland. Close to Shopping, Transportation, Business and Everything. Well Maintained Beautiful 4plex building. Clean and Safe Location. Each Unit Has Garage with Garage Door. Rare Opportunity. Motivated Seller. Bring All Offers!

Sprte Elctrc Mtrs: 4
Gas Meters: 4
Water Meters: 1
Garage Spaces: 4
Total Parking Spaces: 5

3 Bedroom / 2 Bathroom Rent: $1,200
2 Bedroom / 1.5 Bathroom Rent: $900 / $1000
1 Bedroom / 1 Bathroom Rent: $ For Lease











Upland Remodeled 4 Units Residential Income Property $750,000

Units: 4
Bldngs: 1
SqFt: 4,028
Lot SqFt: 10,270
Yr Built: 1960

Description: Nice four -plex in the city of Upland, all four units have been remodeled interior paint,carpet and new cabinets have been installed.Exterior has also been painted and windows have been changed.Nice Quite neighborhood and good location to own your own investment here. All 4 Units have 2 Bedroom / 1.5 Bathroom.

Sprte Elctrc Mtrs: 5
Gas Meters: 5
Water Meters: 1

Garage Spaces: 4
Total Parking Spaces: 6

Gross Sched Income: $52,800
Net Oper Income: $7,200
Operating Expense$/%: $600
Monthly GSI:
$4,400





Wednesday, October 15, 2008

Claremont 3 Units Residential Income $1,495,000

Units: 3
Bldngs: 3
SqFt: 3,494
Lot SqFt: 13,599
Yr Built: 1905

Description: 3 SEPERATE HOMES WITH PRIVATE YARDS IN THE HEART OF THE HISTORIC CLAREMONT VILLAGE. FRONT HOME FACES YALE AND WOULD SERVE AS A WONDERFUL PRIVATE RESEDENCE-THREE BEDROOMS, TWO BATHS, REMODELED KITCHEN AND NEW LANDSCAPING. LARGE REAR HOUSE WITH ALLEY ACESS IS 1800 SQ FT AND FEATURES REMODELED KITCHEN WITH GRANITE COUNTERS. UPSTAIRS MASTER FEATURES LAARGE BALCONY WITH GREAT VIEW. THIRD HOUSE IS A TWO BEDROOM 1905 CRAFTSMAN WITH A LARGE PRIVATE YARD. ALL ARE SLAM DUNK RENTALS OR LIVE IN THE PRIVATE FRONT SPANISH HOME AND COLLECT RENT ON THE OTHER TWO. 2 UNITS HAVE 3 BEDROOM / 2 BATHROOM, RENT $2,200 / $2,100
1 UNIT HAVE 2 BEDROOM / 1 BATHROOM, RENT $1,300

Gross Sched Income: $67,200

Monthly GSI:
$4,933
Net Oper Income: $59,200
Operating Expense$/%: $8,800

Sprte Elctrc Mtrs: 3
Gas Meters: 3
Water Meters: 1




Los Angeles Apartment For Sale $4,500,000

Type:Multifamily
Garden/Low-Rise
No. Units:29
Building Size:22,664 SF
Lot Size:16,688 SF
Occupancy:100.00%
Price:$4,500,000
Price/Unit:$155,172
GRM:12.00
Cap Rate:5.20%
Year Built:1992

Property Description:
The Apartments is a 29 unit, non rent-control apartment complex built in 1992 and located in Los Angeles, CA. The improvements consist of a well-maintained, three-story structure built on 16,688 square feet of land. According to county records, the total square footage of the building is 22,664. The building consists of large units, gated entries, close circuit security system, adequate and secure parking, laundry facilities, and elevators.

The unit mix consists of four one bedroom one bath units, seventeen two bedroom one bath units, seven two bedroom two bath units, and one three bedroom two bath unit. In addition, eight of the two bedroom units contain balconies for more living space.

Financial Summary Actual
Year:2008
Scheduled Gross Income:$374,616
Effective Gross Income:$364,501
Operating Expenses:$130,463
Net Operating Income:$234,038

Unit Mix Information
One Bedroom + One Bath
No. Units: 4
Avg. Mo. Rent: $956
Two Bedroom + One Bath
No. Units: 17
Avg. Mo. Rent: $1,034
Two Bedroom + Two Bath
No. Units: 7
Avg. Mo. Rent: $1,145
Three Bedroom + Two Bath
No. Units: 1
Avg. Mo. Rent: $1,280

No Debt & Equity Information Provided

Monday, October 13, 2008

Azusa 4 Units Residential Income Property $699,000

Units: 4
Bldngs: 1
SqFt: 3,554
Lot SqFt: 6,138
Yr Built: 1963
Tenant Pays: Insurance

Description: GREAT 4 UNIT BUILDING IN THE THRIVING CITY OF AZUSA, CLOSE TO SCHOOLS, UNIVERSITY, SHOPPING AND BUS LINE. ALL UNITS RECENTLY PAINTED, AND CARPETED. NEW EXTERIOR PAINT, NEW BLACKTOP DRIVEWAY, NEWER ROOF, AND MUCH MORE. JUST COMPLETED CITY OF AZUSA INSPECTION AND PASSED WITH FLYING COLORS. OWNER HAS SPENT $25,000 IN RECENT IMPROVEMENTS. THESE UNITS ARE VERY EASILY RENTED AND ALWAYS OCCUPIED WITH STRONG TENANTS AND GREAT RENT. THIS IS TRULY A BREAD AND BUTTER INVESTMENT! 2 UNITS HAVE 1 BEDROOM / 1 BATHROOM, RENT $900 & $1,800 THE OTHER 2 UNITS HAVE 2 BEDROOM / 1.5 BATHROO, RENT $1,200



Gross Sched Income: $50,400
Net Oper Income: $48,000

Operating Expense$/%: $2,400

Sprte Elctrc Mtrs: 5
Gas Meters: 5
Water Meters: 1

Wednesday, October 8, 2008

West Covina 2 Units Residential Income Property $499,000

Units: 2
Bldngs: 2
SqFt: 1,718
Lot SqFt: 8,556
Yr Built: 1946

Description: WOW!!!PRIDE OF OWNERSHIP!!!HOUSE W/ GUEST HOUSE!!!!!!BRAND NEW KITCHEN/MASTER BEDROOM AND BATH!!!NEW STUCCO ON BOTH HOUSES!!TRAVERTINE FLOORING THRU-OUT,NEW ROOF,2 SKYLIGHTS,CROWN MOLDING THRU-OUT NEW WINDOWSW/WOODEN SHUTTERS!!A MUST SEE!!!SHOWN BY APPT ONLY!!!1 UNIT HAVE 3 BEDROOM/2 BATHROOM, RENT $2,200. GUEST HOUSE IS 550 SQ FT W/ KITCHEN, FULL BATH AND PATIO, Rent $900 !!!!

Sprte Elctrc Mtrs: 1
Total Parking Spaces: 3
Monthly GSI:
$3,100






Rosemead 3 Units Residential Income Property $748,000

Units: 3

SqFt: 2,016
Lot SqFt: 8,660
Yr Built: 1953

Description: A RARE FIND 3 SEPARATED INDIVIDUAL BUILDINGS. EACH HAVE 2 BEDRM 1 BATH, Rent $1,200/ $1,100. 1 ATTACHED GARAGE AND SMALL BACK-YARD. CENTRALLY LOCATED IN THE HEART OF ROSEMEAD. GREAT INVESTMENT PROPERTY. LOTS OF POTENTIAL. GOOD TENANTS. LONG DRIVE WAY WITH PLENTY OF PARKING.

Gross Sched Income: $45,200
Operating Expense$/%: $9,000
Net Oper Income: $34,000


Sprte Elctrc Mtrs: 3
Water Meters: 1

Gas Meters: 3



Rosemead 2 Units Residential Income Property $628,000

Units: 2
Bldngs: 1
SqFt: 2,120
Lot SqFt: 9,431
Yr Built: 1984

Description: A tranquil and beautiful 3 br/3bth with estimated living space of 2120 Sq.Ft and Appr. 8,350 Sq.Ft lot size on a R2 zoning, featuring with a new paint,granite counter tops, new cabinets, hardwood flooes, 2 cars attached garage and tendem 2 cars' carport in the front yard. There are a lots of fruit trees in the front and back yard. The owner has modified the property as a duplex use - two kitchens: unit 1 has 2 bedrooms,2 baths. and unit 2 has 1 bedroom, 1 bath. and kitchen with private entry ( Verified with the city). The owner occupied in one unit and rented the next door unit for cash flow. The subject property comprised a private driveway ditrectly to the 2 cars garage,central air & heat system, brand new washer & dryer machines, year built in 1984 and remodeled add on the next unit in 2007. close to elementary school campus, Very convenient location to markets, shopping malls and bus stop.

Gross Sched Income: $1,600
Operating Expense$/%: $300
Sprte Elctrc Mtrs: 1
Gas Meters: 1
Water Meters: 1




San Gabriel 4 Units Residential Income Property $829,500

Units: 4
Bldngs: 1
SqFt: 2,150
Lot SqFt: 5,397
Yr Built: 1960

Tenant Pays: Electricity

Description: Great Income opportunity in a wonderful area of San Gabriel. Not a short sale and not REO. Each unit is 1 bedroom and 1 bath. PLEASE DO NOT DISTURB TENANTS. Drive by only. Please submit all offers...owner willing to entertain all offers. Thank you!

Gross Sched Income: $49,200
Both 4 Units have 1 Bedroom / 1 Bathroom
Rent: $1,000 / 1,050

Annual Operating Expense $3270
Water/Sw: 1170 Trash: 1200 Gardener: 900

Sprte Elctrc Mtrs: 4 Gas Meters: 4 Water Meters: 1

San Gabriel 2 Units Residential Income Property $539,000

Units: 2
Bldngs: 1
SqFt: 1,056
Lot SqFt: 6,046
Yr Built: 1951

Description: PLEASE DO NO NOT DISTURB TENANTS, DRIVEBY ONLY SUBJECT TO INSPECTION. VERY CUTE DUPLEX, 1 BEDROOM EACH WITH GARAGE . FRONT AND BACK YARD. WALKING DISTANCE TO RESTAURANTS, IT IS LOCATED ON A QUIET STREET. GREAT TENANTS, BUY IT FOR RENTAL OR OWNER OCCUPY. PROPERTY ADDRESS IS 819-821 CARILLO, BOTH ARE IDENDITICAL UNITS. 819 IS MONTH TO MONTH , 821 LEASE WILL EXPIRE ON 7/31/2009. BOTH TENANTS WILL LOVE TO STAY.

2 Units have 1 Bedroom / 1 Bathroom
Rent: $950/1,050
Monthly GSI:
$2,000
Annual Operating Expense $800

Sprte Elctrc Mtrs: 2
Gas Meters: 2
Water Meters: 1

San Gabriel 2 Units Residential Income Property $665,000

Units: 2
Bldngs: 2

SqFt: 1,919
Lot SqFt: 6,996
Yr Built: 1961

Tenant Pays: Electricity,Gas
Description: ***GREAT LOCATION*** WALKING DISTANCE TO VALLEY BLVD. CLOSE TO ALL KINDS OF SHOPPING, RESTAURANTS AND BUS STOP. VERY CONVENIENT AND SURPRISINGLY QUIET NEIGHBORHOOD!! WITH 2 BED/1 BATH IN EACH UNIT. Rent $1,000. GREAT FOR INVESTORS!! RENT CAN BE INCREASED!! PLEASE DO NOT DISTURB THE TENANTS!!!

Sprte Elctrc Mtrs: 2
Gas Meters: 2
Water Meters: 1




Azusa Bank Owned 4 Unit Residential Income Property $459,900

Units: 4
Bldngs: 1
SqFt: 4,080
Lot SqFt: 10,929
Yr Built: 1963

Description: BANK OWNED! 4 units, each with its own 1 car garage. 2 units have 2 bedrooms/1 bath, 2 units have 1 bedroom/1 bath. Located within walking distance to school, shops & restaurants.


Los Angels Multifamily For Sale $2,850,000

Type:Multifamily
Mid/High-Rise
No. Units:47
Building Size:25,720 SF
Lot Size:8,407 SF
Price:$2,850,000
Price/Unit:$60,638
GRM:8.23
Cap Rate:6.42%
Year Built:1926

Property Description:
Four story brick building located on Union Drive with very large units. The building has passed code compliance inspection. Good onsite management in place.

Financial Summary Actual
Year:2007
Scheduled Gross Income:$346,224
Effective Gross Income:$339,299
Operating Expenses:$156,276
Net Operating Income:$183,023

Unit Mix Information
One Bedroom One Bath
No. Units: 8
Avg. Mo. Rent: $795
Singles
No. Units: 39
Avg. Mo. Rent: $566

Separately metered for electric
No Debt & Equity Information Provided
Owner has spent over $150,000 to pass code compliance

Tuesday, October 7, 2008

Los Angeles 40 Units Apartment Building $2,600,000

Type:Multifamily
Mid/High-Rise
No. Units:40
Building Size:19,107 SF
Lot Size:6,360 SF
Occupancy:92.00%
Price:$2,600,000
Price/Unit:$65,000
GRM:8.73
Cap Rate:6.17%
Year Built:1929

Property Description:
This is a 39 unit (and one non-conforming unit) apartment building. Constructed of reinforced brick in 1929, the building features a newly painted brick and masonry façade. The property is currently undergoing a cosmetic upgrade with eighteen of the units converted from large studios to junior one-bedrooms. The studios range from approximately 425 510 square feet and the junior one-bedrooms are approximately 510 square feet. New hard wood floors have been installed in the hallways giving the interior a charming 1920' s feel. The building is 19,107 square feet +/- and sits on 6,360 +/- square feet of land. Twenty-two of the units are separately metered for electric, with the remaining master-metered for both gas and electric. Though the building is subject to Los Angeles rent control, there is approximately a 30% upside potential in gross income.

Financial Summary Actual
Net Operating Income:$160,420

No Debt & Equity Information Provided

Onsite Laundry

Close to Metro and Bus Lines
Twenty-Two Units Separately Metered for Electric
Large Studios Upgraded to Junior One-Bedrooms
Currently Undergoing Cosmetic Upgrade






Friday, October 3, 2008

Los Angeles 1 Unit Residential Income Property $2,295,000

Property Use Type:Investment
Type:Residential Income
Single-Unit (SFR/Condo)
No. Units:1
Building Size:2,734 SF
Price:$2,295,000
Price/Unit:$2,295,000
Year Built:2005
Property On Ground Lease:Yes

Property Description:
Chic Newer Contemporary home minutes above Sunset Strip in private cul-de-sac. Amazing city views from all rooms. Home features elevator, media room, Flat Screen TV,3 bedroom suites; high ceilings, hardwood floors, venitian stucco, italian stone and tile, separate laundry room. European kitchen, with new appliances;massive outdoor terrace with romantic fountain, state of the art engineering, high quality finishes throughout. Available for lease $8,000/month.







Wednesday, October 1, 2008

Los Angeles Multi-Family Property For Sale $3,995,000

Type: Multifamily
Garden/Low-Rise
No. Units: 21
Building Size: 15,381 SF
Lot Size: 16,639 SF
Occupancy: 95.00%
Price: $3,995,000
Price/Unit: $190,238
GRM: 12.35
Cap Rate: 4.89%
Year Built: 1963

Property Description:
The subject property is a two-story garden style apartment building with a central courtyard. There are 10 two-bedroom/one-bathroom units, 10 one-bedroom/one-bathroom units and 1 legally habitable "guest room."
There are 22 parking spaces - 20 covered side-by-side spaces and 2 uncovered, tandem spaces. The building was recently painted and the roof has been replaced within the last ten years. The property is individually metered for all utilities.


Financial Summary Actual
Year: 2007
Scheduled Gross Income: $324,756
Effective Gross Income: $308,578
Operating Expenses: $113,276
Net Operating Income: $195,302
Pre-Tax Cash Flow: $192,054

Unit Mix Information
2 Bedroom 1 Bath
No. Units: 10
SF: 785
Avg. Mo. Rent: $1,511

1 Bedroom 1 Bath
No. Units: 10
SF: 695
Avg. Mo. Rent: $1,142

Single 1 Bath
No. Units: 1
SF: 581
Avg. Mo. Rent: $425

Debt & Equity Information
Debt Type: Proposed
Loan Amount: $2,197,250
Interest Rate: 6.25%
Amortized Over: 30
Due In: 5




Upland Value 2 Units Residential Income Property $320,000

Type:Multifamily
Duplex/Triplex/Fourplex
No. Units:2
Building Size:2,800 SF
Lot Size:8,064 SF
Occupancy:100.00%
Price:$320,000
Price/Unit:$160,000
Cap Rate:6.00%
Year Built:1919


Property Description:
TWO LEVEL HISTORIC HOME WITH 5 BEDROOM FRONT HOUSE 2 BATH. STUDIO BACK HOUSE WITH FULL BATH TOTALING 6 BEDROOMS 3 BATH. NEW FLOORS, CABINETS, COMMERCIAL ATTIC FAN, LIGHT FIXTURES, LAWN, SPRINKLERS. TENANTS PAY ALL UTILITIES. TWO CAR BLOCK WALL GARAGE WITH INDUSTRIAL DOOR HEIGHT. CURRENT TENANTS $3400 mo. Elevation 1500' with Mountain View. Back unit attached to garage; garage built 1965 permitted, it has it's own address and electric meter. GREAT rental area with great frontage. Master bedroom was 2 bedrooms which could be converted back to make this a 7 bedroom home. Perfect for a sober living home for possible of $6720 per month. Subject to short sale approval by lender.

Parking Ratio:5 / 1,000 SF

$2500 MO FRONT HOUSE $600 MO BACK HOUSE

PRICE RANGE $539,000 - $575,000 APPRAISED AT $575,000

Financial Summary Actual
Year:2007
Scheduled Gross Income:$37,200
Operating Expenses:$780
Net Operating Income:$36,420

Unit Mix Information No Unit Mix Information Provided
No Debt & Equity Information Provided