Monday, February 4, 2008

Monerey Park Commercial Sale $1,250,000


Property Type: COMMERCIAL

Building Sqft: 5800

Land Sqft: 5,998

Gross Schedule Income: $100,800

Total Monthly GSI: $8,400


Net Operating Income: $82,025

Parking Space: 5

Year Built: 1961

Property Description:
property is mix-used. upstair has 3 units(2u-2bed/1bath, 1u-studio.) downstairs is a retail store(est. 5,800 living sqft) 3u in upstairs is under construction and will be completely remodeled. Project Rental income: retail store: $5,000 2bed/1bath:$1,350.00 studio:$700. Gazebo in retail store adds extra 1,000+ living sqft. All of the units are with permits and vacant right now.

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