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