P.R.S. Properties
Listed by P.R.S. Properties
$2,125,000
1785 East 3rd Street
Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 4,770
Net Rentable (SqFt) 4,770
Units 3
Cap Rate 4.07%
NOI $88,580
Occupancy 100%
Pro-Forma Cap Rate 4.15%
Pro-Forma NOI $117,780
Price per SqFt $445
Year Built 1963
Buildings 1
Lot Size (SqFt) 4,321
Zoning LBR1N
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.26
Ground Lease No
Sale Condition N/A
Pride of Ownership 3 blocks to the beach
Marketing description
New exterior paint
upper deck replaced
new exterior doors and locks
new landscaping and irrigation system
upgraded plumbing
all new roof with warranty (3 ply bitumen with new plywood)
Newer appliances throughout
Investment highlights
# blocks to the beach
same owner since 1985
30% upside in rents
potential ADU
Best Alamitos Beach area
Listing Contacts
P.R.S. Properties
Listed by P.R.S. Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,580.00
$7,381.67/mo
Valuation Metrics
0
DSCR
4.17%
Cap Rate
4.17%
ROI
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