Listed by Lyon Stahl Investment Real Estate
$2,730,000
939 Pacific Ave
Details
APN 7272-012-009
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,836
Units 13
Cap Rate 6.4%
NOI $174,660
Pro-Forma Cap Rate 7%
Pro-Forma NOI $191,154
Price per SqFt $348
Class B
Year Built 1959
Buildings 1
Stories 2
Lot Size (SqFt) 7,504
Zoning LBCO (PD30)
Investment Type Core
Multifamily | 13 Units | $210,000/unit
Marketing description
The property consists of thirteen (13) spacious 1-bedroom/1-bathroom units. All units were fully remodeled prior to current tenancy with high-end finishes including quartz countertops, real wood shaker cabinetry, recessed lighting, stainless steel appliances, ceramic tile in wet areas, and new flooring. Exterior improvements include new dual-pane vinyl windows, fencing and gates, drought-tolerant landscaping, garage doors with openers, upgraded lighting, and a permitted outdoor BBQ area. All HVAC units were replaced or repaired as needed and the electrical system was upgraded demonstrating pride of ownership and a commitment to ongoing
maintenance.
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,660.00
$14,555.00/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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