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