STREET SAN DIEGO, CA AN MULTI FAMILY INVESTMENT OPPORTUNITY€¦ · AN 8 UNIT MULTI FAMILY...
Transcript of STREET SAN DIEGO, CA AN MULTI FAMILY INVESTMENT OPPORTUNITY€¦ · AN 8 UNIT MULTI FAMILY...
4535 52ND STREET ‐ SAN DIEGO, CA ‐ 92115AN 8 UNIT MULTI FAMILY INVESTMENT OPPORTUNITY
DAVE SAVAGE‐ ACI MARK MORGAN ‐ ACI(619) 300‐8090 (619) 300‐9070 AN 8‐UNIT MULTI‐FAMILY INVESTMENT OPPORTUNITY (619) 300 8090 (619) 300 9070
DRE# 00694099 DRE# 01339919
INVESTMENT SUMMARY UNIT MIX BREAKDOWN
ININVESTMENT SUMMARY UNIT MIX BREAKDOWNTALMADGE APARTMENTS
4535 52ND STREETSAN DIEGO, CA 92115
NVESTM
13%
Number of Units………………………………… 8Unit Size Average…………………………….. 905Net Rentable Square Feet…………………… 7,238Actual Rent / Unit……………………………. $1,519Actual Rent / Square Foot………………….. $1.68
MEN
T AN
25%
75%
2 Br 1.5 Ba
2 Br 2 Ba
2 Br 2.5 Ba
q $Year Built………………………………………. 1992
UNIT MIX SUMMARY
ND
UN
IT
Unit Type Units Unit Mix
2 Br 1.5 Ba 2 25%2 Br 2 Ba 5 63%
2 Br 2 5 Ba 1 13%
1,586
Square Feet Net Rentable SF
$1,450 $1.83 $2,900
1 217 $2 000 $1 64 $2 000
7938871217
Actual Rent / Unit Actual Rent / SF Monthly Rent
$1,450 $1.63 $7,2504,435
T MIX SU
2 Br 2.5 Ba 1 13%
Total 8 100%Weighted Average
1,217 $2,000 $1.64 $2,0001217
$12,150
* Property is reporting 100% physical occupancy.
UM
MAR
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OWNER'S UNIT @ 4535 52ND STREET IN TALMADGE
OWNER'S UNIT FEATURESOWNER'S UNIT FEATURES:
1,217 Square Feet Jetted Tub in Master Bath Huge Roof Deck above unit
2 Bedrooms & 2 1/2 Bathrooms Large Walk-In Closets Large Party Deck off of 2nd Bedroom
Washer & Dryer In Unit Skylights Throughout The Unit Video Security System
In Wall Speakers - All Rooms Marble Flooring in Living Room Dual Glazed Windows
Fireplace - Gas Large Open Gourmet Kitchen Security Roll Down Curtain in 2nd Bedroom
THE PROPERTY 4
9 Garages
9 Open Parking Spaces
Gated Property
4535 52N
Gated Property
1992 Construction
Condo Quality
R t l U id
ND
STRE
Rental Upside
Lush Landscaping
All 2 Bedroom Units
EET -8 U
APARTMENT INTERIORS
Spacious Units
UN
ITS IN
Private Patios/Balconies
Dishwashers
Fireplaces
N TALM
A
Vaulted Ceilings
ADG
E
# Units Zip8 92115
Current Market Current Market18.0 14.4 3.4% 4.7%
Parcel Size4535 52nd St. San Diego Talmadge 8 1992 9,374 sf
Address City Name Year Built
Price $/Unit$/Square Foot Gross Sq. Ft. GRM CAP Rate
(Approx.) (Approx.)$2,650,000 $331,250 $366.12 7,238 18.0 14.4 3.4% 4.7%
# Units Type Rent Total
2 2Br/1.5Ba $1,450 $2,9005 2Br/2Ba $1 450 $7 250 Advertising $0 $4 426
$2,650,000 $331,250 $366.12 7,238
Income Detail Estimated Annual Operating Expenses
Management (Off Site)5 2Br/2Ba $1,450 $7,250 Advertising $0 $4,4261 2Br/2.5Ba $2,000 $2,000 Gas & Electric $1,920 $0
Water & Sewer $5,760 Licenses & Fees $500Landscaping $1,200 Miscellaneous $0
Laundry & Misc Inc. $145 Insurance $1,600 Supplies $500Total Monthly Income $12,295 Legal/Accounting $0 Pool $0
Management (Off Site)Management (On Site)
Trash Removal $1,200 Pest Control $192Maintenance & Repairs $7,377 Taxes (New) $29,150
2 2Br/1.5Ba $1,795 $3,5905 2Br/2Ba $1,825 $9,1251 2Br/2.5Ba $2,250 $2,250 Total Annual Operating Expenses $53,825
Market
Expenses Per: Est. Sq. Ft. $7.44Laundry & Misc Inc. $350 Unit $6,728Total Monthly Income $15,315 % of GSI 36%
Current MarketGross Scheduled Income $147 540 $183 780 Proposed Financing: $1,590,000 Interest Rate: 3.50%
Estimated Annual Operating Proforma Financing Summary
Gross Scheduled Income $147,540 $183,780 Proposed Financing: $1,590,000 Interest Rate: 3.50%Less: Vacancy Factor 3% $4,426 $5,513Gross Operating Income $143,114 $178,267 Downpayment: $1,060,000 Debt Service Ratio: 1.45Less: Expenses 36.48% $53,825 $53,825 40%Net Operating Income $89,289 $124,441
Contact:Less: 1st TD Payments ($85,678) ($85,678)
Pre-Tax Cash Flow $3,611 $38,[email protected]
Dave SavageACI Apartments
(619) 300-8090 Cell
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