4 Units, 100% occupied - 2006 W. 35th St., Los Angeles, CA 90018
General Details
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Address: 2006 W. 35th St., . City: Los Angeles State: CA Zip: 90018 Price: $410,000 Beds: 8 Baths: 4 Floors: 2 Year Built: 1945 Square Feet: 3,192 Lot Size: 7013 Status: Active |
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DescriptionFull Description: 4 units each 2BR + 1BA, rented at $1100 each. Lender owned property. Excellent income unit to add to your portfolio, cash flow with 20% down. ACQUISITION COSTS Purchase Price, Points and Closing Costs $492,000 Investment - Cash $108,000 First Loan $384,000 INVESTMENT INFORMATION Purchase Price $480,000 Price per Unit $120,000 Price per Sq. Ft. $150.38 Income per Unit $13,200 Expenses per Unit ($3,575) INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $52,800 Total Vacancy and Credits $0 Operating Expenses ($14,300) Net Operating Income $38,500 Debt Service ($25,446) Cash Flow Before Taxes $13,054 Total Interest (Debt Service) ($20,031) Depreciation and Amortization ($17,141) FINANCIAL INDICATORS Cash on Cash Return Before Taxes 12.09% Debt Coverage Ratio 1.51 Capitalization Rate 8.02% Gross Rent Multiplier 9.09 Gross Income / Square Feet $16.54 Gross Expenses / Square Feet ($4.48) Operating Expense Ratio 27.08% To request a complete financial informational package please email Armine Ghevian @ armine@kw.com. |
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