TITLE:
Two Houses on 1.2 AC Horse Property
CONTROL:
Owner
VALUE:
$850,000
LOAN:
$473,875
EQUITY:
$376,125
TYPE:
Multi-Family
HAVE:
Two SFR's on one 1.19 Ac lot zoned for large animals (up to 7) in Norco CA aka
"Horse Town USA" Tenant occupied : same extended family for 9 years
ADDRESS:
4320 California Ave, Norco, California
BENEFITS TO NEW OWNER:
Happy Long term tenants: Extended family with horses Great conventional existing financing. 'Near' Mailbox $
GROSS SCHEDULED INCOME:
$48,960 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$48,960
EXPENSES:
$4,300
NOI:
$44,660
DEBT SERVICE:
$27,720
CASH FLOW:
$16,940
CAP RATE:
5.25%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$473,875
$2,409
4%
01/01/2052
No
BENEFITS SOUGHT:
to use as can add for other package(s) in book eg $175k cash 1031
NOT a dont wanter: prefer to create against this
CAN ADD:
$175k cash 1031;
REMARKS:
Horse community. Rural setting, western Riverside Co about 40 mi east of LA
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
