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Price: $1,975,000 YearBuilt: 1988
DownPayment: 100% $1,975,000 Approx.LotSize: 7,249
NumberofUnits: 4 Approx.Bldg.Sq.Ft. 3,224
PricePerUnit: $493,750 PriceperSq.Ft. $613
CurrentGRM: 15.49 CurrentCAP: 4.36%
MarketGRM: 14.04 MarketCAP: 5.00%
ProposedFinancing: $0 Zoning: LAR2
LoanRate 8.75% InterestOnly $0 permonth
LoanDuration 6 months
ANNUALIZEDFINANCIALS
ScheduledGrossIncome: $127,500 $140,700
VacancyAllowance: $3,825 3% $4,221 3%
GrossOperatingIncome: $123,675 $136,479
LessExpenses: $37,636 30% $37,636 27%
NetOperatingIncome: $86,039 $98,843
LessLoanPayment: DCR= #DIV/0! $0 $0 DCR= #DIV/0!
Pre-TaxCashFlow: $86,039 4.36% $98,843 5.00%
PlusPrincipalReduction: $0 $0
TotalReturnBeforeTaxes: $86,039 4.36% $98,843 5.00%
INCOME Taxes(new): 1.25% $24,688
No.of Bdrms/ Avg.Monthly Monthly Avg.Monthly Monthly Insurance: 40%RSF $1,290
Units Baths Rent/Unit Income Rent/Unit Income Utilities: RSF $3,224
2 2+2TH $2,750 $5,500 $3,000 $6,000 Repairs/Maintenance: 4%SGI $7,035
2 2+1 $2,500 $5,000 $2,800 $5,600 Misc: $200/unit $1,400
6.5%SGI
$200/unit
EXPENSESAREESTIMATED
TotalScheduledRent: $10,500 $11,600
LaundryIncome: $125 $125
OtherIncome:
MonthlyScheduledGrossIncome: $10,625 $11,725 TotalExpenses: $37,636
AnnualScheduledGrossIncome: $127,500 $140,700 PerSq.Ft: $11.67
PerUnit: $9,409
PropertyHighlights*PRIMEGlassellParkLocation-CornerofCazadorDrive/CazadorStreet
*Builtin1988-NORENTCONTROL
*PropertyisFullyRenovatedwithstainlessappliances/modernfinishes!
*(2)2bedroom2bathroomTownhouseUnits
*(2)2bedroom1bathroomUnits
*GatedFrontandBackyardDogRunCommonAreas
*Approx.10%upsideinrents!
•Propertysitsonahillwithbeautifulmountainviews
*Separatelymeteredforgas+electricity
*10surfaceparkingspaces(noretrofittingrequired)Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimplied,astotheaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.
2215CazadorDrive
LosAngeles(GlassellPark),CA90065
MarketRentsCurrentRents
CurrentRents MarketRents
Andrew WilkeyInvestment Associate
949.355.3384
Kenny StevensSenior Investment Associate
310.968.7005
RENTROLLASOF
Current Market
Unit# UnitType Rent Rent Move-inDate Size(sf) Notes
1 2+2TH $2,750 $3,000 2018 850 Remodeled
2 2+2TH $2,750 $3,000 2018 850 Remodeled
3 2+1 $2,500 $2,800 2018 762 Remodeled
4 2+1 $2,500 $2,800 2018 762 Remodeled
GARAGEPARKING: - -
LAUNDRYINCOME: $125 $125
MONTHLYTOTAL: $10,625 $11,725 3,224
ANNUALTOTAL: $127,500 $140,700
2/18/19
2215CazadorDrive
LosAngeles(GlassellPark),CA90065
Andrew WilkeyInvestment Associate
949.355.3384
Kenny StevensSenior Investment Associate
310.968.7005
