Brand New 5 Units - The Village of Arroyo Grande - crmls

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Brand New 5 Units - The Village of Arroyo Grande

528 - 530 E. Branch Street - $1,395,000 Guy Torelli

mobile: 949 / 862-1000 office: 805 / 556-5336 [email protected]

CA BRE Broker#: 00666517

Penthouse is leased for one year at $1,650.

View from Penthouse

Certificate of occupancy in July.

Hardwood floors, stone counters, laundry room for a full size washer & dryer, in each unit, dishwasher, stove, microwave, tile backsplash, canned lighting, formal living rooms, walk-in closets, tankless hot water heaters.

5 Brand New Units

The Village of Arroyo Grande Guy Torelli, Broker

Mobile: 949 / 862-1000 No. of Units

Address

5 Price

Exclusively Listed

Land: 805 / 556-5336 [email protected] City

Year Built

528 - 530 E. Branch Street

Arroyo Grande

June, 2014

CAP

Cost / Sq. Ft.

Parking

$1,395,000

5.4%

$274

7 open spaces & 1 handicapped space

Down Payment

Percent Down

Approx. Sq. Ft.

Lot Size

$545,000

39.1%

5,100

8,889

In the Village of Arroyo Grande

Financing Summary 1st T.D.

Rate

Payment

New Loan

$850,000

5.25%

$4,694

5 Year fixed amortized over 30, then rolls into an ARM.

Monthly Rental Income Units

Description

Approx. Sq. Ft.

Rent

1

2 Bdrm, 2 Bath - street level - (530 Branch) - 1 - year lease

1,275

$1,950

1

2 Bdrm, 2 Bath - street level - balcony w/ views (528 Branch) - 1 - year lease

1,140

$1,950

1

2 Bdrm, 1 Bath - upstairs - views (530 Branch) - 1 - year lease

875

$1,650

1

Office Space ($1.40 / square foot) with bathroom - 3 year lease

800

$1,120

1

Office Space ($1.60 / square foot) with bathroom - 3 year lease

1,000

$1,600

Luxury Apartments with formal living room and great room. Hardwood floors, views, stone counters & tile backsplash, laundry area for full size washer & dryer, 10 foot ceilings, custom moulding. The three apartments pay water, gas and electric.

$8,270

Annual Gross Income

$99,240

Estimated Expenses

Estimated Annual Cash Flow

Scheduled Gross Income:

Monthly Total

$99,240

New Taxes:

$14,500

Insurance:

$1,800

Less Vacancy: 2%

$1,985

Electric:

tenant

Less Expenses: 23%

$22,500

Water:

$1,000

Net Operating Income:

$74,755

Trash:

$1,400

Less Loan Payments:

$56,325

Gas:

tenant

Gardener:

$800

Cash Flow:

$18,430

Maintenance:

$3,000

TOTAL EXPENSES:

$22,500

Return on Cash Down:

3.4%

IMPORTANT NOTICE: The above information has been obtained from sources deemed reliable, but we do not warrant its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.

P.O. Box 890 Arroyo Grande, CA 93420

www.GuyTorelli.com

BRE Broker #: 00666517

The two street level two bedroom / two bath units have a living room off the great room with views of the Village. Arrow points to the living room which can be closed off with sliding craftsman style pocket doors.

Both office spaces are on the lower level and have bathrooms. Owner will customize flooring to the new tenant. Parking for all five units is in the rear of the buildings, and there are 8 open spaces. One space is leased for three years at $1.40 with tenant paying electric.

San Luis Obispo Hi-Tech Hub

SLO Airport! United & US Air

Edna Valley

Avila Beach

Pismo! Beach

New Hotel &! Convention Center

Grover! Beach

Arroyo! Grande

Median Home Prices! Arroyo Grande!

!

$545,200!

San Luis Obispo! !

$590,800!

Pismo Beach!

$655,800!

!

San Luis Obispo County!$461,500!

San Luis Obispo

Edna Valley

Pismo Beach Arroyo Grande

Arroyo Grande median household income: $63,000!

!

30% of residents rent.

! Guy Torelli! 949 / 862-1000! [email protected]

528 & 530 Branch Street

arroyograndevillage.org