TITLE:
OCEAN FRONT CONDO
CONTROL:
Partner
VALUE:
$574,500
LOAN:
$0
EQUITY:
$574,500
TYPE:
Homes/Condos
HAVE:
one bedroom one bath 732 sq.ft. furnished condo with ocean view (from balcony) on the beach. Pool, Spa, BBQ, Gym, Sauna, underground secured parking with private storage. Literally "on the sand" Great location. About 30 miles south of Los Angeles
ADDRESS:
1140 E Ocean Blvd #331., Long Beach, California
BENEFITS TO NEW OWNER:
low price for an ocean front condo
crankable
GROSS SCHEDULED INCOME:
$30,000 Projected
VACANCY LOSS:
$1,500
GROSS EFFECTIVE INCOME:
$28,500
EXPENSES:
$13,400
NOI:
$15,100
DEBT SERVICE:
$0
CASH FLOW:
$15,100
CAP RATE:
2.63%
BENEFITS SOUGHT:
Sale package. Dn and Out. In MLS
CAN ADD:
other packages in the book
paper, cash, ask
REMARKS:
HOA just completing $1M new roof. No new assessments on the horizon that we know of. 129 units in bldg. all 1 br's. quiet adult bldg.
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
