Class: Multi-Family – 36 Units
Offered at: $12,995,000
Breakdown: $360,000 per Unit
APN: 7263-017-029
Financials Overview
Mix:
21 – 2 Bedroom / 2 Bathroom Units
2 – 2 Bedroom / 1 Bathroom Units
12 – 1 Bedroom / 1 Bathroom Units
1 – 3 Bedroom / 2 Bathroom Unit
Building Sq. Ft.: 28,000
Land Area: 20,477 sq. ft.
Parking: 17 Private Garages
Year Built: 1964
Current Rent Roll
$59,919 /mo
2022 Gross Income
$684,452.45
2022 Operating Expenses
$238,395.22
2022 Net Operating Income
$446,057.23
Estimated Market Rents:
2 Bedroom / 2 Bathroom – $2350
2 Bedroom / 1 Bathroom – $2000
1 Bedroom / 1 Bathroom – $1750
3 Bedroom / 2 Bathroom – $2850
Proforma / Market Gross Scheduled Income:
$77,900 per month
$934,800 per year
Proforma / Net Operating Income:
(GSI Less 30% for expenses & vacancy factor)
$654,360
