Monday, December 31, 2007

Azusa Residential Income $514,000

Units: 2

GSI: $24,000


Total Bldg SQFT: 1,140

Year Built: 1927

Property Description: DUPLEX CENTRALLY LOCATED IN CITY OF AZUSA, MINUTES FROM FREEWAY, PARKS, SCHOOL, SHOPPING CENTER AND DOWNTOWN AZUSA. UNITS FEATURE 2 BED, 1 BATH AND 1 BED, 1 BATH. ROOF IS 1 YEAR OLD. NEW INTERIOR PAINT, NEW DOUBLE PANE WINDOWS, NEW INTERIOR 6-PANEL DOORS, NEW BATHROOM SINK AND FIXTURES, NEW WATER HEATER, NEW ELECTRIC METER AND ELECTRIAL PANEL, NEW KITCHEN CABINETS, GRANITE COUNTERTOP, CERAMIC TILE FLOOR THROUGHOUT. PUBLIC ELEMENTARY, MIDDLE SCHOOL AND AZUSA HIGH SCHOOL ARE ALL WITHIN 1 MILE OF SUBJECT PROPERTY. BOTH UNIT IS CURRENTLY UNDERGOING REMODELING, ONE UNIT IS AVAILABLE FOR SHOWING, THE OTHER UNIT WILL BE DONE SOON.

Financial Analysis
Gross Sched Income: $24,000 Operating Exp: $1,100 Net Operating Income: $22,900
Total Annual Op Exp: $

Monthly GSI: $2,000
Sep Water Mtrs: 1 Sep Gas Meter: 2 Sep Electric Mtrs: 2
Total Pkng: 5 # of Garages: 0

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