Short version of 2626 -
Offered For Sale
Santa Monica Apartment Building PRICE: # UNITS LOT SIZE SQ.FT.: SQ LIVING AREA SQ.FT.: COST PER SQ.FT.: COST PER UNITS CAP: ZONING YEAR BUILT
$3,500,000 7 9110 SF 7070 SF $495 / SF $500,000 3.48% SMR2 1968
INVESTMENT HIGHLIGHTS:
Outstanding Location, Good Upside
BHHS Califronia Properties Commercial Division 3130 Wilshire Boulevard #100 Santa Monica, CA 90403
New roof and exterior was painted recently
Great unit mix
KEITH ENDOW Broker Associate Cell 310.795.3007 Fax 310.829.7541 [email protected] CalBRE# 00481697 BOB HANASAB Cell 310.990.0019 [email protected] CalBRE# 01720795 ZUBIN MEHTA Cell 310.773.2910 [email protected] CalBRE# 01938672 Evelyn Lauchenauer, BS Realtor Cell 310.383.0893 [email protected] CalBRE# 0176573
2626 11sth Street: 4285-001-031
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Santa Monica Apartment Building For Sale 7 units: FINANCIAL ANALYSIS INCOME SCHEDULE RENT ROLL (as of Jan 2015) Unit Unit 1 Unit 2 Unit 3 Unit 4 Unit 5 Unit 6 Unit 7
RENT ROLL (as of Jan 2015) Units Bedrooms/Baths
Unit type 3/1.75 2/1.5 2/1.5 3/1.75 2/1.5 2/1.5 3/1.75
Rent $2,553.00 $1,853.00 $1,148.00 $3,300.00 $2,200.00 $1,853.00 $2,500.00
0 0 4 3 0 7
0/1 1/1 2/1.5 3/1.75 1/0
Current Rents $0 $0 $7,054 $8,353 $0 $15,407.00
Resources To Keep You Strong
Bob Hanasab
Zubin Mehta
Keith Endow
3130 Wilshire Blvd #100 Santa Monica, CA 90403 CalBRE# 01317331
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Operating Expences Santa Monica Apartment Building $3,500,000 Summary
Current
Price: Down Payment Number of Units: Cost per Unit: Current GRM: Current CAP: Approx. Age: Approx. Lot Size: Approx. Net RSF: Cost per Net RSF:
33%
$3,500,000 $1,155,000 7 $500,000
Loan amount Amortize Interest Rate
$2,345,000.00 20 years 6%
3.48% 47 yrs 9,110 7,070 $495.05
Annualized Operating Data Current Rents
Gross Operating Income: Less Expenses: Net Operating Income: Less Loan Payments: Pre-Tax Cash Flow: Plus Principal Reduction: Total Return Before Taxes:
$184,884 $63,001 $121,883 $201,604 ($79,721) $62,607 ($17,114)
Scheduled Income No. of Units 1 2 3 4 5 6 7
Bdrms/ Baths 3+1.75 2+1.5 2+1.5 3+1.75 2+1.5 2+1.5 3+1.75
Other income
Current Rents Approx Monthly Avg Monthly Sq.Ft. Rent/Unit Income $2,553 $1,853 $1,148 $3,300 $2,200 $1,853 $2,500
Taxes Tax Rate Expenses
2014 0.0125 $43,750 Property Tax Repairs Suppies Ulitities Gardening Licenses & Permit Plumbing & Electrical Miscellaneous Insurance
$43,750 $1,420 $1,800 $11,640 $1,200 $141.00 $1,036.00 $300.00 $1,714.00
laundry
Total Scheduled Rent:
$15,407
Monthly Scheduled Gross Income: Annual Scheduled Gross Income:
$15,407 $184,884
*Total Expenses: Per Net Sq. Ft.: Expenses Per Unit:
$63,001 $8.91 $9,000.14
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Santa Monica Apartment Building PRICE: # UNITS LOT SIZE SQ.FT.: SQ LIVING AREA SQ.FT.: COST PER SQ.FT.: COST PER UNITS CAP: ZONING YEAR BUILT
$3,500,000 7 9110 SF 7070 SF $495 / SF $500,000 3.48% SMR2 1968
INVESTMENT HIGHLIGHTS:
Outstanding Location, Good Upside
BHHS Califronia Properties Commercial Division 3130 Wilshire Boulevard #100 Santa Monica, CA 90403
New roof and exterior was painted recently
Great unit mix
KEITH ENDOW Broker Associate Cell 310.795.3007 Fax 310.829.7541 [email protected] CalBRE# 00481697 BOB HANASAB Cell 310.990.0019 [email protected] CalBRE# 01720795 ZUBIN MEHTA Cell 310.773.2910 [email protected] CalBRE# 01938672 Evelyn Lauchenauer, BS Realtor Cell 310.383.0893 [email protected] CalBRE# 0176573
2626 11sth Street: 4285-001-031
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Santa Monica Apartment Building For Sale 7 units: FINANCIAL ANALYSIS INCOME SCHEDULE RENT ROLL (as of Jan 2015) Unit Unit 1 Unit 2 Unit 3 Unit 4 Unit 5 Unit 6 Unit 7
RENT ROLL (as of Jan 2015) Units Bedrooms/Baths
Unit type 3/1.75 2/1.5 2/1.5 3/1.75 2/1.5 2/1.5 3/1.75
Rent $2,553.00 $1,853.00 $1,148.00 $3,300.00 $2,200.00 $1,853.00 $2,500.00
0 0 4 3 0 7
0/1 1/1 2/1.5 3/1.75 1/0
Current Rents $0 $0 $7,054 $8,353 $0 $15,407.00
Resources To Keep You Strong
Bob Hanasab
Zubin Mehta
Keith Endow
3130 Wilshire Blvd #100 Santa Monica, CA 90403 CalBRE# 01317331
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Operating Expences Santa Monica Apartment Building $3,500,000 Summary
Current
Price: Down Payment Number of Units: Cost per Unit: Current GRM: Current CAP: Approx. Age: Approx. Lot Size: Approx. Net RSF: Cost per Net RSF:
33%
$3,500,000 $1,155,000 7 $500,000
Loan amount Amortize Interest Rate
$2,345,000.00 20 years 6%
3.48% 47 yrs 9,110 7,070 $495.05
Annualized Operating Data Current Rents
Gross Operating Income: Less Expenses: Net Operating Income: Less Loan Payments: Pre-Tax Cash Flow: Plus Principal Reduction: Total Return Before Taxes:
$184,884 $63,001 $121,883 $201,604 ($79,721) $62,607 ($17,114)
Scheduled Income No. of Units 1 2 3 4 5 6 7
Bdrms/ Baths 3+1.75 2+1.5 2+1.5 3+1.75 2+1.5 2+1.5 3+1.75
Other income
Current Rents Approx Monthly Avg Monthly Sq.Ft. Rent/Unit Income $2,553 $1,853 $1,148 $3,300 $2,200 $1,853 $2,500
Taxes Tax Rate Expenses
2014 0.0125 $43,750 Property Tax Repairs Suppies Ulitities Gardening Licenses & Permit Plumbing & Electrical Miscellaneous Insurance
$43,750 $1,420 $1,800 $11,640 $1,200 $141.00 $1,036.00 $300.00 $1,714.00
laundry
Total Scheduled Rent:
$15,407
Monthly Scheduled Gross Income: Annual Scheduled Gross Income:
$15,407 $184,884
*Total Expenses: Per Net Sq. Ft.: Expenses Per Unit:
$63,001 $8.91 $9,000.14
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
