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  • Writer's pictureeduardk2010

The Best 5 Unit Built in 1991

Updated: Dec 1, 2020

5.19% CAP rate while still allowing an additional 23.3% immediate upside. Built in 1991, low maintenance building with new landscaping and siliconized roof features five (5) 3bed 2.5bath townhome style individually parceled condos, not subject to LA Rent Control, not subject to AB-1482 (individual condos, not owned by a corp. or trust). Each unit includes attached 2-car garage, private balcony, in-unit washer/dryer hookups, dishwasher & Central HVAC. Units are individually metered for electric, gas & have individual water heaters. One of the five units is luxury remodeled. No soft story retrofit required.  Its priced really well for its condition and rental income (no rent control), in addition, you can increase the rents, possible to sell the individual units as separate townhomes (property has separate APN's), * 1991 Built  * Five (5) - 3 Bed + 2.5 Bath Townhouse style Condos  * No-Rent Control  * Current Monthly Rental Income $15,760.00 * 2 Car Attached Garages & Guest Parking  * Central Air & Heat    * In-Unit Washer/Dryer Hookups    * Individually metered for Electric & Gas * Individual parcel numbers (APNs)  * No-Seismic Retrofit  * Dishwashers    * Private Balconies * Water Heaters * Currently generating a 5.19% CAP Rate  * Siliconized roof  * New building garage motor and more      * 23.3% Immediate upside available | 89 Walk Score # of Units Leased 5 Cap Rate 5.19% Act Total Rent $15, 760.00 Monthly Gross Income $15, 760.00 Operating Expenses $38,917.00 Total Annual Op Exp $38,917.00 Net Operating Inc $116,843.00 Gross Schedule Inc. $155,760.00 Gross Rent Multiplier 14.45 Electricity $1, 350.00 Exp-Other Description Gardener $648.00 Insurance $1895.00 Other Expense $210.00 Taxes Expense $27,000.00 Trash $2,954.00 Water Expense $4,860.00 Tenant Pays ForElectricity, Gas PROPERTY INFO, IMAGES, CURRENT RENT ROLL, COMPARABLE'S INFO

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