1731 E Appleton st, long beach ca LYON STAHL Woody Cell: (310) Office: (310) BRE#

Transcription

1 1731 E Appleton st, long beach ca Brett Lyon LYON STAHL Brett Cell: (310) Office: (310) BRE# Brett@LyonStahl.com Woody Stahl LYON STAHL Woody Cell: (310) Office: (310) BRE# Woody@LyonStahl.com This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.

2 Four units total One 2-bed/2-bath house Three 1-bed/1-bath units Sober living house with live-in manager s unit Cozy outdoor patio area Washer and dryer set Off street parking available Offered At Only: $1,100,000 OFFERED AT ONLY $575,000 Fantastic opportunity to own well-established sober living business with great income! This gorgeous four-unit property is located just blocks from the ocean in the Alamitos Beach area, right outside of downtown Long Beach. Unit mix is comprised of a 2-bed, 2-bath house and three 1-bed, 1-bath units. This property features on-site laundry facilities, off-street parking and an outdoor patio area. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.

3 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.

4 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.

5 List Price: $1,100,000 Down Payment: 30.0% $330,000 Number of units: 4 Cost per Unit: $275,000 Current GRM: 9.60 Market GRM: 8.81 Current CAP: 5.39% Market CAP: 6.27% Year Built / Age: 1953 Proposed Financing Approx. Lot Size: 8,267 First Loan Amount: $770,000 New 30 Approx. Gross RSF: 3,401 Terms: 3.875% Cost per Net RSF: $ Payment $3,621 DCR: 1.36 Annualized Operating Data Current Rents Market Rents Scheduled Gross Income: $ 114,600 $ 124,800 Vacancy Rate Reserve: $ 5,730 5% 1 $ 6,240 5% 1 Gross Operating Income: $ 108,870 $ 118,560 Expenses: $ 49,581 43% 1 $ 49,581 40% 1 Net Operating Income: $ 59,289 $ 68,979 Loan Payments: $ 43,450 $ 43,450 Pre Tax Cash Flows: $ 15, % 2 $ 25, % 2 Principal Reduction: $ 13,857 $ 13,857 Total Return Before Taxes: $ 29, % 2 $ 39, % 2 1 As a percent of Scheduled Gross Income Scheduled Income Multi-Residential Investment - Operating Information 2 As a percent of Down Payment Annualized Expenses: Market Income Estimated # of Bdrms/ Notes Monthly Total Monthly Monthly Total New Taxes (New Estimated) $ 13,750 Beds Baths Rent/Average Income Rent/Unit Income P roperty M anager (5% + expeneses) $ 6, House $ $ 4, $ 600 $ 5,400 Insurance $ 5, $ $ 2, $ 625 $ 2,500 Utilities $ 14, $ $ 2, $ 625 $ 2,500 Landscaping $ 1, Manager $ - $ - $ - $ - Pest Control $ Licenses & Accreditation $ Business Expenses $ Repairs & Maintenance $ 5, Total Scheduled Rent: $9,550 $10,400 Laundry $0 $0 Garages $0 $0 Total Expenses: $49,581 Monthly Scheduled Gross Income: $9,550 $10,400 Expenses as %/SGI 43.26% Annualized Scheduled Gross Income: $114,600 $124,800 Per Net Sq. Ft: $6.00 Utilities Paid by Tenant: Gas & Electric Per Unit: $12,395 Presented by LYON STAHL Brett Lyon 1230 Rosecrans Ave, Suite 270 Manhattan Beach, CA E Appleton St, Long Beach CA Current Income This information has been secured from sources we believe to be reliable but representations, or warranties, expressed or implied, as to the accuracy of the references to square footage, land lines/boundaries and age are approximate. Buyer takes responsibility for all information and bears all risk for any inaccuracies. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.

6 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.