| Primary Type: | Multifamily Garden/Low-Rise |
| No. Units: | 14 |
| Building Size: | 10,376 SF |
| Lot Size: | 14,934 SF |
| Occupancy: | 98.00% |
| Price: | $2,410,000 |
| Price/Unit: | $172,142.86 |
| GRM: | 11.50 |
| Cap Rate: | 5.80% |
| Cash On Cash: | 2.10% |
| Year Built: | 1959 |
| Financial Summary | Proforma |
| Year: | 1959 |
| Scheduled Gross Income: | $189,462 |
| Vacancy: | $3,120 |
| Garages: | $18,066 |
| Laundry: | $3,600 |
| Effective Gross Income: | $208,008 |
| Maintenance: | $10,700 |
| Taxes: | $30,125 |
| Insurance: | $3,600 |
| Other Expenses: | $20,590 |
| Total Expenses: | $65,015 |
| Net Operating Income: | $139,873 |
| Debt Service: | $124,656 |
| Pre-Tax Cash Flow: | $15,217 |
| Expenses/Unit: | $4,643.00 |
| Expenses/SF: | $5.70 |
Unit Mix Information
| 2 Bedroom 1 Bath |
| No. Units: 8 SF: 832 Avg. Mo. Rent: $1,250 |
| 1 Bedroom 1 Bath |
| No. Units: 6 SF: 620 Avg. Mo. Rent: $985 |
Property Description:
Well maintained, attractive, garden style apartment buildings with two seperate parcel numbers. Eight 2bdr/2bth units and Six 1bdr/1th units. 8 Garages, 4 carports. All individually metered.
14 Units West Covina LP: $2,410,000
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