El Monte 3 Units Residential Income Property $445,000

Units:

3

Bldngs:

1

Yr Built: 1952

Lot SqFt:

7,522

Description: OPPORTUNITY AWAITS FOR THIS INVESTMENT PROPERTY. 3-UNITS: FRONT HOUSE WITH 2BED 1BATH AND 1 CAR ATTACHED GARAGE, RENT $1,200. BACK HAS 2-UNITS, EACH 1BD, 1BTH WITH 1 CARPORT EACH INCLUDING SIDE YARD, RENT $800 ALL UNITS HAVE INDIVIDUAL WASHER HOOK UPS. WELL KEPT AND MAINTAINED PROPERTY. CLOSE TO EVERYTHING FEW MILES AWAY FROM THE HEART OF EL MONTE, 10 FWY AND 605 FWYS. ALL THIS AND GREAT TENANTS TO BOOT. PLEASE REFER TO SHOWING INSTRUCTIONS, DO NOT DISTURB THE TENANTS. HURRY, DO NOT LET THIS OPPORTUNITY PASS YOU BY!! SERIOUS BUYERS ONLY PLEASE. Approved Short Sale.

Gross Sched Income: $33,600
Net Oper Income: $21,024
Operating Expense$/%: $12,576

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

Arcadia 2 Units Residential Income Property $708,000

Units:

2

Bldngs:

2

Yr Built: 1948
SqFt: 1,818
Lot SqFt: 6,756

Description: New Price ! New Attitude !Excellent investment or end user property. 2 units in North arcadia. Rent $1,400 & $1,500. Very good clean condition. each with 2 spacious bedrooms and one bath. all tenants are on month to month lease and the rent is lower than current market rate. potential to increase. close to shops, schools, & transportation. Seller motivates! property to be sold in as is condition.

Gross Sched Income: $34,800
Net Oper Income: $33,700
Operating Expense$/%: $1,140

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

Azusa 2 Units Residential Income Property $280,000

Units:

2

Bldngs:

2

Yr Built: 1922
SqFt: 1,355
Lot SqFt: 7,497

Description: Pearl of Little Price - Great Opportunity. 2 Turnkey Detached Units with a Detached Single Car Garage. Front unit is rented for $1300. Back unit may not be a legal rental. Buyer to check with city. Both units in good condition with laminated floors, updated kitchen with granite counters, dining off the kitchen. Has a single garage. Front yard is fenced. Bright & Airy. 2007 Newly Remodeled. Close to Everything - Shopping, Transportation, City Hall, Senior Center. Buyer to investigate and satisfy themselves regarding city requirements and zoning. Propety Sold As Is with no guarantees or warranties. Buyer to do all inspections and repairs. All information deemed reliable but not guaranteed, buyer to verify and satisfy themselves with the city. Property is being sold "As Is".

Los Angeles Apartment For Sale $3,950,000

Type:	Multifamily Garden/Low-Rise
No. Units:	55
Building Size:	40,183 SF
Lot Size:	11,250 SF
Occupancy:	100.00%
Price:	$3,950,000
Price/Unit:	$71,818
GRM:	7.40
Cap Rate:	6.80%
Year Built:	1926

Property Description:
6.8% cash on cash return with existing low rents; 20% with rents at market. Charming 1920's reinforced brick building with controlled access, elevator & many units with upgraded kitchens. Excellent leverage, only 22% down; Assumable loanof $3,090,000 at 6.46% fixed. Only $78,818/unit & $98/Bldg. S.F. Upside in rents, 6.1 x market rents.

Financial Summary Actual

Year:	2008
Scheduled Gross Income:	$530,874
Effective Gross Income:	$504,326
Operating Expenses:	$233,963
Net Operating Income:	$270,363
Pre-Tax Cash Flow:	$58,087

Debt & Equity Information

Debt Type:	Existing
Loan Amount:	$3,090,000
Interest Rate:	6.46%
Amortized Over:	28
Due In:	28
Annual Debt Service:	$212,276
Down Payment:	$860,000
Loan Description:
$3,090,000 (78% LTV) at 6.46% fixed, payable $17,689.63/mo., due Oct. 2036 with WaMu.