735 E Laconia Blvd, Los Angeles, CA 90044

Transcription

1 735 E Laconia Blvd, Los Angeles, CA Unit Apartment Building NON RENT CONTROL BUILDING Assumable 3.75% ± $1,312,000 balance Offered at $2,250,000 Nathan Diones REGIONCY Real Estate Investment Advisor BRE # Direct: (909) Fax: (800) Broker@Regioncy.com Regioncy is proud to present a non rent controlled, 1992 construction of a 7-Unit apartment building located within a great rental pocket. All 2 bed 1 bath units, 13 parking spaces (rented) and onsite laundry. Stabilized income stream with long term upside. Most major components of building have been modernized copper piping, upgraded electrical to 60 amp, new roof, pervious pavers, artificial landscape, dual pane windows, HVAC systems, fully enclosed property with gated entry and state of the art security camera system.

2 Table Of Contents Section Title Property Profile Rent Roll Financial Analysis Exterior Photos Interior Photos Demographics Number

3 Property Profile

4 Existing Rent Roll Unit Number Bed + Bath Existing Rent $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, Monthly Gross Scheduled Income $ 11, Laundry *Leased Month to Month $ Garage 1 Car $ Garage 2 Car $ Total Gross Scheduled Income $ 12, Annual Gross Scheduled Income $ 146,460.00

5 Nathan Diones Direct: Property Address: Apartment Building - Operating Information 735 W Laconia Blvd Los Angeles, CA Yucaipa Blvd Yucaipa, CA Summary Existing Financing Price: Estimated Sales Price $2,250,000 ± First Loan Amount: $1,350,000 New Down Payment: 40% $900,000 Interest Rate: 3.75% Term/yrs: 30 Number of units: 7 Payment $6, Cost per Unit: $321,429 Current GRM: Market GRM: Current CAP: 4.02% Market CAP: 4.23% DCR 1.21 Year Built / Age: 1992 ± Approx.Lot Size: 10,823 Approx. Gross SF: 5,184 *Tax Records Cost per Net RSF: $ Annualized Operating Data Current Existing Rents Market / Proforma Rents Scheduled Gross Income: $146,460 $151,200 Vacancy Rate Reserve: 4,394 3% 1 4,536 3% 1 Gross Operating Income: 142, ,664 Expenses: 51,525 35% 1 51,525 34% 1 Net Operating Income: 90,541 95,139 Loan Payments: 75,025 75,025 Pre Tax Cash Flows: 15, % 2 20, % 2 Principal Reduction: 24,400 24,400 Total Return Before Taxes: 39, % 2 44, % 2 1 As a percent of Scheduled Gross Income 2 As a percent of Down Payment Information contained herein has been obtained from sources deemed to Scheduled Income Annualized Expenses: Current Rents Fair Market Rents Estimated # of Unit Beds / Baths Via Taxes 1.26% NEW $27,720 Monthly Income Monthly Income Association Dues N/A $ 1, $ 1, DWP $3, $ 1, $ 1, Reserves 3% $4, $ 1, $ 1, Insurance $3, $ 1, $ 1, Gas $ $ 1, $ 1, Trash $2, $ 1, $ 1, Repairs $ $ 1, $ 1, Manager 6% $7,510 Landscape $600 License Fees $350 Total Scheduled Rent: $ 11, $ 11, Other $660 Laundry $50 $100 Gargage Income $540 $600 Monthly Scheduled Gross Income: $12,205 $12,600 Total Expenses: $51,525 Annualized Scheduled Gross Income: $146,460 $151,200 Per Net Sq. Ft: $9.94 Utilities Paid by Tenant: Electric, TV, Internet, Gas Per Unit: $7,361 DRE#

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11 Experience