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4373 Alabama
4373 Alabama | San Diego , CA 92104
Brian Nelson, Broker619-226-6011 x 102nelson@scc1031.com01409860
Phone: 858-779-1000
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Fax: 866-861-7803
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3405 Kenyon St #411
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San Diego, CA 92110
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www.scc1031.com
6 Units on a large lot
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Great University Heights Location
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Single Story Courtyard Style Setting
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6 Garages
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Sale subject to seller finding up leg
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Real Estate Investment Details
A
NALYSIS
Analysis Date:May 2010
P
ROPERTY
Property:
4373 Alabama
Property Address:
4373 AlabamaSan Diego , CA 92104
F
INANCIAL
I
NFORMATION
Down Payment:
$399,750
Closing Costs:
$0
Discount Rate:
8.00%
P
URCHASE
I
NFORMATION
Property Type:
Multi-Family
Purchase Price:
$975,000
Fair Market Value:
$975,000
Units:
6
Total Rentable Sq. Ft.:
0
Resale Valuation
0% (annual appreciation)
Resale Expenses:
7.0%
L
OANS
DebtTermRatePaymentLO CostsFixed$575,25030 yrs6.0%$3,449$5,753
I
NCOME&
E
XPENSES
Gross Operating Income:
$72,582
Monthly GOI:
$6,049
Total Annual Expenses:
($27,281)
Monthly Expenses:
($2,273)
C
ONTACT
I
NFORMATION
Brian Nelson, Broker01409860619-226-6011 x 102nelson@scc1031.com
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projectionsand analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax orother professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting,tax or other professional area before making any decisions.
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Property Description
4373 Alabama4373 AlabamaSan Diego , CA 92104Brian Nelson, Broker619-226-6011 x 102
4373 Alabama is a 6 unit pride of ownershipproperty located in a great area of North Park.The single story complex is located North of ElCajon Blvd and West of Texas Street and ismade up of 4 one bedroom one bath units, 1 onebedroom 1 bath plus a den, and 1 two bedroomone bath unit. The property was built in 1929with adobe stucco utilizing the large 9,239 sqftlot by providing an open courtyard for all thetenants to enjoy. Of the six garages located onsite, only one is currently rented providing a newowner the opportunity in increase the revenue.The main Water and sewer lines in three of the units have been upgraded to copper pipes.
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