Wednesday, October 24, 2007

Ontario Residential Income $745,000


Units: 4
GSI: $45,000


Total Bldg SQFT: 3,272


TG#: 602B7


Year Built: 1908

Financial Analysis
Gross Sched Income: $45,000 Operating Exp: $1,369 Net Operating Income: $43,631
Total Annual Op Exp: $1,369

Monthly GSI: $3,825
Sep Water Mtrs: 1 Sep Gas Meter: 4 Sep Electric Mtrs: 4
Total Pkng: 4 # of Garages: 2


Property Description: 4 units on a large spacious lot! 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. Unit Mix: 2 – 2 Bedrooms 1 Bath; 2 – 1 Bedroom 1 Bath. Actual monthly rental income: $3,605. Low expenses. No rent control. Rent can be easily adjusted by the new owner. Large Lot! 9,144 sq. ft.


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