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 of property that can be used as Collateral or a not 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 201,000 in Gross Income, Expenses are the same, and CAP Rate would be 7.63
OTHER FILES:
GROSS SCHEDULED INCOME:
$138,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$138,000
EXPENSES:
$42,000
NOI:
$96,000
DEBT SERVICE:
$0
CASH FLOW:
$96,000
CAP RATE:
4.57%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,100,000
$5,200
4%
05/01/2032
No
CAN ADD:
Collateral of other properties
COUNSELOR:
Mike Vachani
Provenio Realty & Investments
100 West Lemon Ste 203
Monrovia, California, 91016
Cell: 626-391-9100
Email mikevachani@gmail.com
