TITLE:
6 Unit North Hollywood, Ca Multifamily
CONTROL:
Owner
VALUE:
$2,100,000
LOAN:
$1,100,000
EQUITY:
$1,000,000
TYPE:
Multi-Family
HAVE:
Paid off property that can be used as Collateral or a note can be created to use it to buy another property
ADDRESS:
6742 Lemp Avenue, North Hollywood, California
BENEFITS TO NEW OWNER:
Current Rents are Undervalue due to rent control. If you were to bring in new tenants at market rent, you would get over 200,000 in Gross Income, Expenses are the same, and CAP Rate would be in the 7's
OTHER FILES:
GROSS SCHEDULED INCOME:
$144,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$144,000
EXPENSES:
$42,000
NOI:
$102,000
DEBT SERVICE:
$0
CASH FLOW:
$102,000
CAP RATE:
4.86%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,100,000
$5,200
4%
05/01/2032
No
BENEFITS SOUGHT:
To move up or transfer out of Residential
CAN ADD:
Collateral of other properties, Cash
COUNSELOR:
Mike Vachani
Provenio Realty & Investments
100 West Lemon Ste 203
Monrovia, California, 91016
Cell: 626-391-9100
Email mikevachani@gmail.com
