INVESTMENT OPPORTUNITY: Valued at $3,070,000 once fully rented and stabilized, Offered at $2,599,900. Potential for nearly $500k in Equity. Appraisal Report and Financials available upon request. NEW DEVELOPMENT: with a Pro-Forma 5.2% Cap rate, Completed in June 2019. 5 Separate Suites (3 Office and 2 Retail Use). Suites can be used for Retail, Medical, Dental and Office. INCOME: Per Professional MAI Appraisal, Gross Annual Rents Are Estimated at $189,900, Net Operating Income (NOI) is Estimated at $135,549 providing a 5.2% cape rate. Vacancy and Rent Allowance were factored into current sales price. All Suites Are Built Out, Vacant and ready for Occupancy, Perfect for an Owner User or Investor to Rent on their own preferred terms. Prime location on Whittier Blvd with 40,000+ cars per day, High Visibility, Easy access to 605 and 5 Freeways. Property consists of 6,330 total usable square footage with 21 parking spaces. Each Suite has its own ADA compliant Restroom, HVAC System and is Individually Metered for Electric, reducing owner's electrical costs. These are smaller high demand rental spaces, easier to rent and manage. Suites 101-103 can be combined to make a larger Suite. IMPROVEMENTS: New Structural, Electrical, Plumbing, Mechanical, HVAC, Roofing. New Parking Lot and Landscaping, ADA Compliant. New Main Sewer Line, Underground Electrical, Water Line, Meter and Fire Hydrant at Side Walk and a 4K Security Camera System.
|--||New Value: $2,599,900|
|7/8/2019 2:47:47 PM||New Value: $2,599,900|
|6/4/2019 12:49:00 PM||New Value: $2,799,900|