66236-66238 4th Street | 66236 4th St
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66236-66238 4th Street 66236 4th St
2 Unit Apartment Building $421,404 CAD ($210,702 CAD/Unit) 6.71% Cap Rate Desert Hot Springs, CA 92240
Investment Highlights
- ProForma CAP Rate of 12.45%. The ProForma CAP Rate will be realized by bringing rents to current market rates and by building planned SFR.
- Seller has site plans to rebuild a two- bedroom SFR at the rear of the property. / The property is 100% occupied with long term tenants.
- Property is located within minutes from Direct Access to the I-10 Freeway.
- ProForma GRM of 4.67 with a current GRM of 9.17 / Property possesses an attractive unit mix consisting of Two (2) One-Bedroom / One-Bathroom Units.
- Just 25 miles from The Coachella Valley History Museum, College of the Desert, Riverside County Fairgrounds, & Many Major Retailers.
- Desert Hot Springs is easily connected to the major traffic areas, with an easy access for visitors and residents.
Executive Summary
This Apartment consists of Two (2) Units composed currently of 1,200 square feet. The Duplex is composed of Two (2) One-Bedroom / One-Bathroom Units at 600 square-feet each unit. The property is located on a 0.150 acre corner lot built in 1951. Seller has plans to rebuild a Two-Bedroom SFR at the rear of the property.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $421,404 CAD | Building Class | C |
| Price Per Unit | $210,702 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 1,200 SF |
| Cap Rate | 6.71% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.17 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1951 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $421,404 CAD |
| Price Per Unit | $210,702 CAD |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| Gross Rent Multiplier | 9.17 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1951 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,914 CAD | 600 |
1 of 1
zoning
| Zoning Code | R1 |
| R1 |
-
Albert Le -
Aaron Sanders -
Le Investment Group
1 of 7
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66236-66238 4th Street | 66236 4th St
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