Monday, February 11, 2008

Pasadena Residential Income $1,390,000


Total Units: 8

Year Built: 1955

Floor: Hardwood, Wall-To-Wall Carpet

Property Description : Newly Updated Eight Units of 1 bedroom 1 bath apartment complex. Best Location in the city of Pasadean, 2 blocks away from San Marino, walking distance to Cal Tech, Pasadena City College. Low Vancancy Factor. Cap rate is about 6%.

Financial Analysis
Gross Schedule Income: $71,450
Operating Expense: $17,592
Net Operating Income: $53,858
Total Annual Operating Exp: $17,592
Separate Water Meters: 1
Separate Gas Meters: 8
Separate Electrical Meters: 8

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