Nathan Diones REGIONCY Real Estate Investment Advisor BRE # Direct: (909) Fax: (800)

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George King
5 years ago
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1 326 N Begonia Ave. Ontario, CA Unit Apartment Building Offered at $849,000 Nathan Diones REGIONCY Real Estate Investment Advisor BRE # Direct: (909) Fax: (800) Broker@Regioncy.com 4 plex located in a very densely populated rental pocket of Ontario. Generational opportunity to acquire a small apartment building very little turnover. Rents are under market rates which provides an upside opportunity to a new investor. Great value add play here by increasing rents, adding laundry for additional income and add it to your rental portfolio.

2 Property Profile

Nathan Diones Direct: 909.709.3781 Email: broker@regioncy.com Property Address: 326 N Begonia Ave.

3 Nathan Diones Direct: Property Address: 326 N Begonia Ave. Ontario, CA Apartment Building - Operating Information Yucaipa Blvd Yucaipa, CA Summary Existing Assumable Loan Price: Estimated Sales Price $849,000 ± First Loan Amount: $466,950 New Down Payment: 45% $382,050 Interest Rate: 4.80% Term/yrs: 30 Number of units: 4 Payment $2, Cost per Unit: $212,250 Current GRM: Market GRM: Current CAP: 3.68% Market CAP: 5.33% DCR 1.06 Year Built / Age: 1964 ± DCR 1.54 Approx.Lot Size: 7,995 Approx. Gross SF: 4,464 *Tax Records Cost per Net RSF: $ Annualized Operating Data Current Existing Rents Market / Proforma Rents Scheduled Gross Income: $55,200 $69,600 Vacancy Rate Reserve: 1,656 3% 1 2,088 3% 1 Gross Operating Income: 53,544 67,512 Expenses: 22,272 40% 1 22,272 32% 1 Net Operating Income: 31,272 45,240 Loan Payments: 29,399 29,399 Pre Tax Cash Flows: 1, % 2 15, % 2 Principal Reduction: 6,985 6,985 Total Return Before Taxes: 8, % 2 22, % 2 1 As a percent of Scheduled Gross Income Information contained herein has been obtained from sources deemed to 2 As a percent of Down Payment be reliable. However, no warranties can be assumed for its accuracy. Scheduled Income Annualized Expenses: Current Rents Fair Market Rents Estimated # of Units Beds / Baths Via Taxes New $10,612 Monthly Income Monthly Income A MTM $ 1, $ 1, Water, Trash $6,084 B MTM $ 1, $ 1, Maintenance Reverves 3% $1,656 C MTM $ 1, $ 1, Insurance $1,424 D MTM $ 1, $ 1, Gas $720 Electric $360 Landscape $1,200 License Fees $72 Total Scheduled Rent: $ 4, $ 5, Annual Inspection $144 Laundry Gargage Income Monthly Scheduled Gross Income: $4,600 $5,800 Total Expenses: $22,272 Annualized Scheduled Gross Income: $55,200 $69,600 Per Net Sq. Ft: $4.99 Utilities Paid by Tenant: Electric, TV, Internet, Gas Per Unit: $5,568 DRE#

4 Exterior Photos

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