TITLE:
Palos Verdes Estates SFR
CONTROL:
Owner
VALUE:
$2,350,000
LOAN:
$1,400,000
EQUITY:
$950,000
TYPE:
Homes/Condos
HAVE:
Single Family home, MASSIVE UPSIDE with minimal investment, owner can access privileges to the PVE country club. This is a CAN ADD property that I prefer to offer in a 1031, with other buildings.
ADDRESS:
3220 Palos Verdes Drive N, Palos Verdes Estates, California
BENEFITS TO NEW OWNER:
BIG UPSIDE, the upgrades are very inexpensive yet would create hundreds of thousands of dollars of value!
GROSS SCHEDULED INCOME:
$102,000 Projected
VACANCY LOSS:
$5,100
GROSS EFFECTIVE INCOME:
$96,900
EXPENSES:
$25,000
NOI:
$71,900
DEBT SERVICE:
$120,000
CASH FLOW:
$-48,100
CAP RATE:
3.06%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,394,000
$10,000
8%
06/28/2055
No
BENEFITS SOUGHT:
This is a CAN ADD property and prefer to use in conjunction in a 103`1 where it might be used to balance equities.
CAN ADD:
AZ MF apartment buildings, Chicago apartment buildings, cash
REMARKS:
Light development, houses on this street are being transformed monthly, many recently sold, highly desirable #1 school district, neighborhood, etc.
COUNSELOR:
Paul Krause
eXp Realty
21515 Hawthorne Blvd, #200
Torrance, California, 90503
