2702 Saint Louis - LoopNet · 2019-04-01 · 2702 Saint Louis Avenue, Signal Hill FOR SALE All Electric Building All Units Separately Metered Office Spaces have Forced Heat & Air

FOR SALE 2702 Saint Louis Avenue, Signal Hill

All Electric Building All Units Separately Metered Office Spaces have Forced Heat & Air No heat or air in warehouse spaces

Construction: Concrete Block Year Built: 1968 No Loading Dock Warehouse Height: 18 Feet

Roof: 2 Years Old Smaller Warehouse on South Side:

400amp Larger Warehouse on Alley: 200amp,

240 Volts

The informa on in this presenta on has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.

PABST, KINNEY & ASSOCIATES 248 Redondo Avenue |Long Beach, CA 90803

www.pabstkinney.com | 562•987•3244

Kristie Pabst Broker/President | BRE #: 00804122

562•547•2668 [email protected]

FOR SALE



Address: 2702 Saint Louis Avenue Signal Hill, CA 90755

APN: 7212-016-026

Building Size:

9,200 Sq. Ft.

Lot Size: 12,467 Sq. Ft.

Zoning: CI

Frontage: 100 Ft. on Saint Louis

Parking: 12 Spaces

List Price: $2,195,000

Year Built: 1968

Property Details

2702 Saint Louis Avenue, Signal Hill




FOR SALE






Property Details

Unit/Space: Square Footage: Rent: 2101 27th Street Industrial space with connecting 14 ft. high door

1,600 Sq. Ft. $1,300

2706 St. Louis Avenue Mixed Space: Industrial/Office Space

3,500 Sq. Ft.

$3,200

2700 St. Louis Avenue Upstairs office space, 5 offices

1,000 Sq. Ft $1,000

2105 27th Street Office space

1,700 Sq. Ft $1,750

2710 St. Louis Avenue Upstairs office space

1,400 Sq. Ft $1,000

$8,250 Total Monthly Income: * All tenant are month to month

* Great building for Owner User

* Units 2101 27th Street and 2706 Saint Louis will be vacating May 1, 2019


PROPERTY FINANCIAL ANALYSIS

PROPERTY SUMMARY INVESTMENT SUMMARY

Subject Name: Price: $2,195,000

Number of Units 5 Down Payment: $1,097,500

Address: 50%

City, State, Zip: Price / Unit: $439,000

Year Constructed: 1968 Price / Sq. Ft.: $238.59

Lot Size Sq. Ft.: 12,478

Building Sq. Ft.: 9,200 PROPOSED FINANCING

Building Const: 1st Loan: $1,097,500

Roof Type: Start Rate 4.75%

Parking: Monthly Payment $5,725

APN: Adjustable Rate Mortgage

Short Term Fixed Interest Rate

30 Year Amortization, Due in 30 Years

UNIT MIX AND RENT SCHEDULE

Unit # SF Current Rent Market Rent

2101 Industrial 1,600 $1,300 $1,920

2105 Office 1,700 $1,750 $2,040

2700 Office 1,000 $1,000 $1,200

2706 Industrial/Office 3,500 $3,200 $4,200

2710 Office 1,400 $1,000 $1,680

$8,250 $11,040

Rent per SF $0.90 $1.20

ANNUALIZED OPERATING DATA Current Market Rent

Scheduled Rent: $8,250 $11,040

Parking & Other Income: $0 $0

Monthly Scheduled Gross Income: $8,250 $11,040

Annual Scheduled Gross Income: $99,000 $132,480

Less Vacance Reserve: 3.0% $2,970 $3,974

Gross Operating Income: $96,030 $128,506

Less Expenses: $25,016 $47,093

Net Operating Income: $71,014 $81,413

Less Loan Payment: $0 $68,701

Gross Spendable Income: $71,014.00 $12,712

Plus: Principal Reduction: $0 $0

Total Return: $71,014 $12,712

ESTIMATED EXPENSES

Taxes: $7,072 $24,694

Insurance: $4,560 $4,600

Utilities: $3,923 $4,000

Professional Mgmt: $5,747 $6,624

Maint. & Repairs: $1,714 $3,975

Landscaping: $0 $1,200

Pest Control: $0 $0

Reserves: $2,000 $2,000

Total Expenses: $25,016 $47,093

Expenses/Unit: $1,042 $1,962

VALUE INDICATORS

Cash on Cash Return: 6.47% 1.16%

Total Return 6.47% 1.16%

Cap Rate: 3.24% 3.71%

Gross Multiplier: 22.17 16.57

The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.

2702 Saint Louis Avenue

Signal Hill, CA 90755

Concrete Block

Flat, two years old

7212-016-026

Unit Type

Total Monthly Rent

FOR SALE





2702 St. Louis Ave. Signal Hill


FOR SALE 2702 Saint Louis Avenue, Signal Hill

FOR SALE






Documents

2702 Saint Louis - LoopNet · 2019-04-01 · 2702 Saint Louis Avenue, Signal Hill FOR SALE All Electric Building All Units Separately Metered Office Spaces have Forced Heat & Air