Wednesday, February 20, 2008

Rosemead Residential Income $658,000


Total Units: 2

Year Built: 1946

Sqft:
1,438

Property Description: Centrally located 2 units, price right for a quick sale,both units has been remodelled with addition. Assessor's record shows 2 units with 2 bedroom with 1 bath & 1.5 bath. The actual front house has addition without permit to make it a 3 bedroom & 3 bath and the rear house has addition without permit to make it a 3 bedroom & 2.5 bath. Both addition without permit, Buyer to verify & satisfy themself with city.

Financial Analysis
Gross Schedule Income: $39,600
Operating Expense: $1,200
Net Operating Income: $38,400
Total Annual Operating Exp: $1,200
Separate Water Meters: 2
Separate Gas Meters: 2
Separate Electrical Meters: 2

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