MULTI-FAMILY OPPORTUNITY

1036 Mission Dr, Costa Mesa, CA 92626

Exclusively Listed By

Richard Bell

714-447-4900 Office

714-309-3549 Cell

Richard@bellrealtyca.com

www.Bellrealtyca.com

Great location, convenient to shopping, freeways, and schools.

All 2 Bedroom, 1.5 Bath Townhouse-style units with patios.

Garage parking plus open spaces.

Onsite laundry room for added income and tenant convenience.

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Price: $1,525,000

Down: $610,000 40%

Loan: $915,000

Interest Rate 5.25%

Loan Terms: Fixed 30 Years

Current

Rents

Market

Rents

* Great location, close to shopping, freeways, schools. Gross Rent Multiplier: 19.3 16.7

* All 2 Bedroom, 1.5 Bath Townhouse-style units. Cap Rate: 3.3% 4.1%

* Garage parking plus open spaces. Cost Per Unit $381,250 $381,250

* Onsite laundry for extra income. Cost Per Square Foot: $324.33 $324.33

* Individual metered gas and electric Cash on Cash Return -1.8% 0.2%

Rent Per Square Foot 1.40$ 1.62$

Year Built 1964

Please do not go on-site without an appointment. Drive by only. Do not disturb the residents.

A complete marketing package is available for those seriously considering the property.

(714) 447-4900 Office or (714) 309-3549 Cell

Richard@bellrealtyca.com

www.Bellrealtyca.com

For additional Information contact:

Richard Bell

EXCLUSIVELY OFFERS FOR SALE

1036 Mission Dr.

Costa Mesa, CA 92626

INVESTMENT HIGHLIGHTS FINANCIAL INDICATORS

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PROPERTY SUMMARY

Number of Units 4

Address: 1036 Mission Dr.

City & State Costa Mesa, CA 92626

Year Built: 1964

Rentable Sq. Ft.: 4,702

Lot Size 7,350

Parking: 4 Garage spaces, 2 Open spaces

APN: 141-662-04

Cross Street: S/ Baker St, W/ Fairview Rd.

INVESTMENT SUMMARY PROPOSED FINANCING

PRICE: $1,525,000 New Loan: $915,000

Down Payment $610,000 Rate: 5.25%

Percent Down 40% Term Fixed 30

Price/Unit $381,250

Price/Sq. Ft: $324

FINANCIAL ANALYSIS (ANNUAL) Actual Market ANNUAL OPERATING EXPENSEGross Schedule Income (GSI) $ $79,200 $91,200 Taxes 16,775$

Vacancy Allowance 3.0 % $2,376 $2,376 Insurance 1,200$

Gross Operating Income (GOI) $76,824 $88,824 Utilities 4,200$

Operating Expenses 34.0 % $26,928 $26,928 Maintenance 1,500$

Net Operating Income (NOI) $49,896 $61,896 Pest Control

Loan Payment (P&I) ($60,632) ($60,632) Licenses 350$

Gross Spendable Income (SI) ($10,736) $1,264 Gardener/pool 1,200$

Cap Rate (NOI/LP) 3.3% 4.1% Manager

Gross Multiplier (LP/GSI) 19.3 X Gross 16.7 Professional Mgmt

Cash on Cash Return -1.8% 0.2% Replacement 1,200$

Misc 500$

PRINCIPAL PAYDOWN FOR FIRST YEAR IS : 12,902$ Total 26,925$

AN EXTRA RETURN ON INVESTMENT OF: 2.12%

UNIT MIX & RENT SCHEDULE

Units Bedroom/Baths Actual Rent Monthly Income

Market

Rent

Monthly

Income

4 2 Br / 1.5 BA $1,650 $6,600 $1,900 $7,600

Total Scheduled Rent: $6,600 $7,600

Laundry & Other Income:

Monthly Scheduled Gross Income: $6,600 $7,600

Annual Scheduled Gross Income: 79,200$ $91,200

REMARKS: Excellent Costa Mesa location. Near South Coast Plaza, 55/405 freeways, airport, and business district.

Large townhome style units with private back patios, front porches and single car garages.

Please do not disturb manager or tenants. Drive by only.

To Show Contact Call Agent Office 714-447-4900 Owner/Manager On File

Listing Office Bell Realty Group Cell 714-309-3549 E-mail Richard@Bellrealtyca.com

Sales Person RICHARD BELL Fax 714-447-4906All information is from sources believed reliable, but is not guaranteed. Information is confidential and for licenced agents use only--not for public distribution.

PROPERTY FINANCIAL ANALYSIS

1036 Mission Dr.

Costa Mesa, CA 92626

4 Units

Rent Schedule

APARTMENT

NUMBER

# BED

ROOMS

# BATH

ROOMS

EST.

SQUARE

FEET

MONTHLY

RENT

RENT PER

SQUARE

FOOT

EST.

MARKET

RENT

MARKET

RENT

SQUARE

FOOT VARIANCE

PERCENT

VARIANCE

1 2 1.5 1175 $1,650 $1.40 $1,900 1.62 $250 15%

2 2 1.5 1175 $1,650 $1.40 $1,900 1.62 $250 15%

3 2 1.5 1175 $1,650 $1.40 $1,900 1.62 $250 15%

4 2 1.5 1175 $1,650 $1.40 $1,900 1.62 $250 15%

MONTHLY INCOME $6,600 $7,600

LAUNDRY $0 $0

OTHER INCOME $0 $0

MONTHLY TOTAL $6,600 $7,600 VARIANCE

ANNUAL TOTAL $79,200 $91,200 $12,000 15%

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Property Photos

Arial Map

Plat Map

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Property Photos

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Location Map

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