Ontario Residential Income $1,720,000

Units: 8

GSI:	$124,800
Total Bldg SQFT:	7,744

Year Built: 1985

Financial Analysis

Gross Sched Income:	$124,800	Operating Exp:	$9,168	Net Operating Income:	$115,632
Total Annual Op Exp:	$9,168			Monthly GSI:	$10,400
Sep Water Mtrs:	1	Sep Gas Meter:	8	Sep Electric Mtrs:	8
Total Pkng:	17	# of Garages:	8

Property Description:

Property Built in 1985! 8 Large Townhouse Style Units - All 2 Bedrooms 1.5 Baths on a ½ Acre Lot. Pending subdivision approval. Comparable condos and townhouses are going for $300,000 to $340,000 each. What a bargain at $215,000 per unit! After subdivision approval, you can either sell it individually or hold the property for rent and value appreciation. High growth area. Easy access to 10 and 15 freeways. Close to the Ontario Convention Center, Ontario Airport, and the Metrolink. Extremely convenient! Rent below market. Actual Income: $103,200. No rent control. Rent can be easily adjusted by the new owner. Low expense. Large Lot! 23,760 sq. ft. Units separated by 2 car garages. Lots of space for additional parking. Long term tenants. All 2 bedroom 1.5 bath large 968 sq. ft. units. Laundry hookups in each unit. Drive by only. Do not disturb tenants.