James Torres · 2019. 4. 26. · James Torres Investment Associate BRE Lic. # 01790791 cell (562) 577-1138 fax (562) 334-1501 Exclusively Listed by: tel. (562) 334-1500 8255 Firestone

James TorresInvestment Associate

BRE Lic. # 01790791

cell (562) 577-1138

fax (562) 334-1501

Exclusively Listed by:

tel. (562) 334-1500

8255 Firestone Blvd, Suite 100

Downey, CA 90241

Marbel Manor10727 Marbel Avenue

Downey, CA 90241

4 unit Multi-Family

Marbel Manor

Property Profile

Property Address: 10727 Marbel Avenue

Downey, CA 90241

Assessor Parcel #: 6253-023-011

Units: 4

Year Built: 1958

Building Size: 3,232

Lot Size: 5,690

Zoning: DO-R3

Construction: W/F Stucco

Roof Type: Pitched

Parking: Carport

Amenities

Investment Highlights

● Excellent Turnkey Condition - No Deferred Maintenance Numerous Renovations

● Long-term Tenants - Market Cap Rate 4.83% & Market GRM 14.46

● Great Investment Opportunity, Tenants always pay on time, rental upside

● Near an Abundance of Shopping, Restaurants, and Employment Opportunities

● Located Across the Street from Downey High School and Stonewood Mallin a quiet Cul-de-sac street near Downey City Hall and Police Station.

James Torres, Investment Associate

Unit Amenities

Common Area Amenities

8255 Firestone Blvd, Suite 100, Downey, CA 90241

Refrigerator

Dishwasher

FireplaceBalcony/Patio

Cable Ready/DSL

Garages

Central A/C

FurnishedWasher/Dryer

Disposal

Utilities Paid

Window A/C

Pool

Spa

ClubhouseLaundry Room

Elevator

Fitness Center

BBQ Area

SundeckSecured Entry

Secured Parking

Sauna

Playground

Marbel Manor

Photos



Marbel Manor

Photos (continued)



Marbel Manor

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Marbel Manor

Photos (continued)



Marbel Manor

Aerial Map



Marbel Manor

Parcel Map



Marbel Manor

Current Income & Expense Analysis

4 W/F Stucco 3,232 1958 DO-R3

No. Units Construction Gross Sq. Ft. Year Built Zoning

Units Type Total

2 2+1 1,550$ - 1,550 3,100

2 1+1 1,150$ 1,150 2,300

4 $ 5,400

Laundry, Parking, & Miscellaneous Income $ 82

SCHEDULED GROSS INCOME $ 65,784

GROSS OPERATING INCOME $ 65,784

Expenses

1.30% $ 15,501

$

New Insurance Quote $ 1,897

Water $ 1,092

Trash $ 2,056

Electricity $ 374

Gas $ 432

Landscaping $ 780

Repairs & Maintenance $ 2,000

Total Expenses $ 24,132

Per Unit $ 6,033Per Foot $ 7.47

NET OPERATING INCOME $ 41,652



Property Taxes

10727 Marbel AvenueDowney, CA 90241

CURRENT ANNUALIZED INCOME

CURRENT ANNUALIZED EXPENSES

Current

5,690

Lot Size Sq. Ft.

Marbel Manor

Current Pricing Analysis and Opinion of Value

4 W/F Stucco 3,232 5,690 1958 DO-R3

No. Units Construction Gross Sq. Ft. Lot Size Sq. Ft. Year Built Zoning

PRICE 1,195,000$

Down Payment 100% 1,195,000$

First Trust Deed 0% -$

Interest Rate 4.50% APR ARM 30/30

Term 30 /30

SCHEDULED GROSS INCOME 65,784$

Gross Operating Income 65,784$

Less Expenses 36.7% 24,132$

NET OPERATING INCOME 41,652$

Less Debt Service -$

PRE-TAX CASH FLOW 41,652$

Return % 3.49%

Gross Rent Multiplier 18.17

Capitalization Rate 3.49%

Price per Square Foot 369.74$

Price per Unit 298,750$



CURRENT SCHEDULED INCOME


COMMENTS

CURRENT PRICING AND FINANCING

FIXED

Buyer to obtain a new loan at prevailing market rates and terms.

Marbel Manor

Proforma Income & Expense Analysis

4 W/F Stucco 3,232 5,690 1958 DO-R3


Units Type Proforma Total

2 2+1 $ 1,850 $ 3,700

2 1+1 $ 1,550 $ 3,100

4 $ 6,800

Laundry, Parking, & Miscellaneous Income $ 85

SCHEDULED GROSS INCOME $ 82,620

GROSS OPERATING INCOME $ 82,620

Expenses

1.30% $ 15,501

$ 0New Insurance Quote $ 1,897

Water $ 1,092

Trash $ 2,056

Electricity $ 374

Gas $ 432

Landscaping $ 1,600

Repairs & Maintenance $ 2,000

Total Expenses 30.2% $ 24,952

Per Unit $ 6,238Per Foot $ 7.72

NET OPERATING INCOME $ 57,668




Property Taxes

PROFORMA ANNUALIZED INCOME

PROFORMA ANNUALIZED EXPENSES

Marbel Manor

Proforma Pricing Analysis and Opinion of Value

4 W/F Stucco 3,232 5,690 1958 DO-R3


PRICE 1,195,000$

Down Payment 100% 1,195,000$

First Trust Deed 0% -$

Interest Rate 4.50% APR ARM 30/30

Term 30 /30

SCHEDULED GROSS INCOME 82,620$

Gross Operating Income 82,620$

Less Expenses 30.2% 24,952$

NET OPERATING INCOME 57,668$

Less Debt Service -$

PRE-TAX CASH FLOW 57,668$

Return % 4.83%

Gross Rent Multiplier 14.46

Capitalization Rate 4.83%

Price per Square Foot 369.74$

Price per Unit 298,750$



PROFORMA PRICING AND FINANCING

PROFORMA SCHEDULED INCOME


COMMENTS

FIXED

Buyer to obtain a new loan at exisitng market rates and terms.

Rent Roll

Unit # Unit Type

Current

Rent Market Rent

A 2+1 $1,550 $1,850

B 2+1 $1,550 $1,850

C 1+1 $1,150 $1,550

D 1+1 $1,150 $1,550

$5,400 $6,800


Marbel Manor

TOTALS:


Marbel Manor

Investment Characteristics

Unit Mix & Rent Schedule

# of

Units Type

Monthly

Income

Market

Rent

Proforma

Income

2 2+1 1,550$ - 1,550$ 3,100$ 1,850$ 3,700$

2 1+1 1,150$ - 1,150$ 2,300$ 1,550$ 3,100$

-

4 5,400$ 6,800$

Income & Expenses

Price: $ 1,195,000 Current Proforma

Down: $ 1,195,000 Annualized Annualized

Loan Amount: $ 0 Scheduled Gross Income 64,800$ 81,600$

Laundry/Misc Income 984$ 1,020$

Price / Unit: $ 298,750

Price/ Sq Foot $ 369.74 Total Scheduled Gross Income 65,784$ 82,620$

Cash on Cash (%): 3.49%

GRM: 18.17

GRM (Proforma): 14.64 Effective Operating Income 65,784$ 82,620$

Cap Rate: 3.49%

Cap Rate(Proforma): 4.83%

Expenses

No. of Units: 4 Property Taxes 15,501$ 15,501$

Year Built: 1958 New Insurance Quote 1,897$ 1,897$

Square Footage: 3,232 Water 1,092$ 1,092$

Lot Size: 5,690 Trash 2,056$ 2,056$

Construction Type: W/F Stucco Electricity 374$ 374$

Roof Type: Pitched Gas 432$ 432$

Parking: Carport Landscaping 780$ 1,600$

Type: Apartment Complex Repairs & Maintenance 2,000$ 2,000$

Parcel No.: 6253-023-011 Total Expenses 24,132$ 24,952$

Per Unit 6,033$ 6,238$

Per Foot 7.47$ 7.72$

Net Operating Income 41,652$ 57,668$

Office: 562.334.1500

Cell: 562.577.1138 Less: Debt Service -$ -$

Fax: 562.334.1501

email: [email protected] Pre-Tax Cash Flow 41,652$ 57,668$

Cash on Cash Return 3.49% 4.83%

ReMax Commercial Realty and Agent makes no warranty or representation about the content of this brochure. It is your responsibility to indendependtly confirm its accuracy and completeness. Any projections, opinions, assumptions or

estimates used are for example only and do not represent the present or future performance of the property. The presence of molds may adversely affect the property and the health of some. If you have questions or concerns regarding

this issue conduct further inspections by a qualified professional.

NOTES: Figures are estimates only and based on industry standards. These numbers should be adequate considering the recent renovations

and upgrades to the property. Property taxes are based on a reassessment at the current tax rate.

Subject Photo

Property Profile

Current Rent Range

Pricing Summary

8255 Firestone Blvd #100 Downey, CA 90241

Broker Contact

JAMES TORRES

JUST LISTED!!!

mailto:[email protected]

Documents

James Torres · 2019. 4. 26. · James Torres Investment Associate BRE Lic. # 01790791 cell (562) 577-1138 fax (562) 334-1501 Exclusively Listed by: tel. (562) 334-1500 8255 Firestone