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926 S. 45th Street
926 - 928 South 45th Street, San Diego , CA 92113
Joe Ramos
6192266011 x 105ramos@scc1031.com01496498
Seth Watje
6192266011 x 107Watje@scc1031.com01805453
3405 Kenyon St #411San Diego, CA 92110www.scc1031.com858-779-1000 (p)866-861-7803 (f)
Real Estate Investment Details
A
NALYSIS
Analysis Date:May 2010
P
ROPERTY
Property:
926 S. 45th Street
Property Address:
926 - 928 South 45th StreetSan Diego , CA 92113
F
INANCIAL
I
NFORMATION
Down Payment:
$450,000
Closing Costs:
$0
LT Capital Gain:
15.00%
Federal Tax Rate:
33.0%
Discount Rate:
8.00%
P
URCHASE
I
NFORMATION
Property Type:
Multi-Family
Purchase Price:
$1,500,000
Fair Market Value:
$1,500,000
Units:
24
Total Rentable Sq. Ft.:
12,000
Resale Valuation
3.0% (annual appreciation)
Resale Expenses:
7.0%
L
OANS
DebtTermRatePaymentLO CostsFixed$1,050,00030 yrs6.0%$6,295$10,500
I
NCOME&
E
XPENSES
Gross Operating Income:
$154,142
Monthly GOI:
$12,845
Total Annual Expenses:
($60,924)
Monthly Expenses:
($5,077)
C
ONTACT
I
NFORMATION
Joe Ramos014964986192266011 x 105ramos@scc1031.comSeth Watje018054536192266011 x 107Watje@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
926 S. 45th Street926 - 928 South 45th StreetSan Diego , CA 92113Joe Ramos6192266011 x 105
926 South 45th Street is a two story garden styleapartment complex comprised of 24 onebedroom one bath units.The property was builtin 1982 with a Conditional Use Permit (CUP)from the City of San Diego restricting the age ofthe tenants to 62 years old.The current rents are below market rateproviding an investor the opportunity the abilityto increase the revenue and overall return. The area of 45th street and Logan Ave. hasgrown over the years through financial andeconomic development. The area has undergone extensive improvements with respect to publicutilities, transit, and cultural inequities.
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