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

Los Angeles 40 Units Apartment For Sale $2,400,000

Type:	Multifamily Mid/High-Rise
No. Units:	40
Building Size:	22,340 SF
Lot Size:	7,492 SF
Occupancy:	100.00%
Price:	$2,400,000
Price/Unit:	$60,000
GRM:	9.70
Cap Rate:	8.00%
Year Built:	1927

Property Description:
Reduced for a quick sale.
Property remains in reap. Seller is taking all reasonable offers. The building is 100% occupied and in very good condition. The repair cost forces owner to sell at a reduced price.

No. Stories:4

Financial Summary

Actual

Year:	2008
Scheduled Gross Income:	$269,796
Effective Gross Income:	$264,400
Operating Expenses:	$105,053
Net Operating Income:	$159,347
Pre-Tax Cash Flow:	$39,887

Unit Mix Information

one bedroom

No. Units: 9 Avg. Mo. Rent: $769

singles

No. Units: 31 Avg. Mo. Rent: $486

Debt & Equity Information

Debt Type:	Existing
Loan Amount:	$1,560,000
Interest Rate:	5.75%
Amortized Over:	30
Due In:	2
Annual Debt Service:	$119,461
Down Payment:	$1,040,000
Loan Description:
united california bank fixed for 3 yrs as of 2006 30 yr's amort