PROPERTY HIGHLIGHTS:
- SALE PRICE: $1,300,000
- 100% Occupied (Consistently)
- Individually Metered Gas/Elec
- Individual Water Heaters
- Carports/Pitched Roof
- Gated/Secure
- Manicured Landscaping
- Close to Schools/Shopping
- Owner Pays Water/Trash
- Attractive Area/Community
- PLEASE BE DISCREET -
DO NOT GO ON PREMISES
|
| SUMMARY |
| PRICE: |
$1,300,00 |
| Price Per Unit: |
$92,857 |
| Cap Rate: |
6.43% |
| Cap Rate (Market): |
6.84% |
| GRM: |
9.46 |
| GRM (Market): |
9.1 |
| Cash-On-Cash: |
5.89% |
| COC (Market): |
7.27% |
| Year Built: |
1958 |
| Bldg SF: |
10,976 |
| Expenses PSF: |
$4.85 |
| Expenses / Unit: |
$3,807 |
| Lot (SF): |
15,743 |
| APN: |
8318-022-018 |
| Loan Amt |
$910,000 |
| Down Payment: |
$390,000 |
| Interest Rate: |
5.3% 7 years due amor-tized 30 yrs |
| Monthly Payments: |
$5,053.27 |
|
| OPERATING DATA |
ACTUAL |
MARKET |
| Scheduled Gross Income: |
$137,400 |
$142,800 |
| Laundry Income: |
$3,600 |
$3,600 |
| Vacancy: |
3% ($4,122) |
($4,122) |
| Gross Operating Income: |
$136,878 |
$142,278 |
| Less Expenses: |
40% ($53,300) |
($53,300) |
| Net Operating Income: |
$83,578 |
$88,978 |
| Less Loan Payments: |
($60,639) |
($60,639) |
| Pre-Tax Cash Flow: |
$22,939 |
$28,339 |
| Cash On Cash: |
5.89% |
7.27% |
|
| POMONA CLOSED SALES: |
| Address |
Units |
Price |
PPU |
GRM |
CAP |
631 Locust St
COE: 03/16/12 |
12
YB: 1948 |
$1,465,000 |
$122,083 |
|
|
1335 W 2nd St
COE: 07/08/11 |
12
YB: 1955 |
$1,260,000 |
$105,000 |
8.61 |
6.90% |
422 E Olive St
COE: 09/21/.11 |
9
YB: 1965 |
$975,000 |
$108,333 |
8.14 |
8.20% |
217 E 7th St
COE:03/16/12 |
8
YB: 1925 |
$600,000 |
$75,000 |
|
|
| SCHEDULED INCOME / UNIT MIX: |
# Units |
Type |
Current Rent |
Estimated Income |
|
Market Income |
| 6 |
2 Bd 1 Ba |
$875 - $900 |
$5,250 |
$950 |
$5,700 |
| 8 |
1 Bd 1 Ba |
$775 |
$6,200 |
$775 |
$6,200 |
| |
|
|
$11,450 |
|
|
| |
|
Misc Income: |
$300 |
|
$300 |
| |
|
TOTAL: |
$11,750 |
|
$12,200 |
|
|
No
warranty, express or implied, is made as to the accuracy of the
information contained herein. This information is submitted subject to
errors, omissions, change of price, rental or other conditions,
withdrawal without notice, and is subject to any special listing
conditions imposed by our principals. Cooperating brokers,
buyers, tenants and other parties who receive this document should not
rely on it, but should use it as a starting point of analysis,
and should independently confirm the accuracy of the information
contained herein through a due diligence review of the books, records,
files and documents that constitute reliable sources of the information
described herein.
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