2702 saint louis - loopnet · 2019-04-01 · 2702 saint louis avenue, signal hill for sale all...
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FOR SALE 2702 Saint Louis Avenue, Signal Hill
All Electric Building All Units Separately Metered Office Spaces have Forced Heat & Air No heat or air in warehouse spaces
Construction: Concrete Block Year Built: 1968 No Loading Dock Warehouse Height: 18 Feet
Roof: 2 Years Old Smaller Warehouse on South Side:
400amp Larger Warehouse on Alley: 200amp,
240 Volts
The informa on in this presenta on has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
PABST, KINNEY & ASSOCIATES 248 Redondo Avenue |Long Beach, CA 90803
www.pabstkinney.com | 562•987•3244
Kristie Pabst Broker/President | BRE #: 00804122
562•547•2668 [email protected]
FOR SALE
PABST, KINNEY & ASSOCIATES 248 Redondo Avenue |Long Beach, CA 90803
www.pabstkinney.com | 562•987•3244
Address: 2702 Saint Louis Avenue Signal Hill, CA 90755
APN: 7212-016-026
Building Size:
9,200 Sq. Ft.
Lot Size: 12,467 Sq. Ft.
Zoning: CI
Frontage: 100 Ft. on Saint Louis
Parking: 12 Spaces
List Price: $2,195,000
Year Built: 1968
Property Details
2702 Saint Louis Avenue, Signal Hill
The informa on in this presenta on has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
Kristie Pabst Broker/President | BRE #: 00804122
562•547•2668 [email protected]
FOR SALE
PABST, KINNEY & ASSOCIATES 248 Redondo Avenue |Long Beach, CA 90803
www.pabstkinney.com | 562•987•3244
Kristie Pabst Broker/President | BRE #: 00804122
562•547•2668 [email protected]
2702 Saint Louis Avenue, Signal Hill
Property Details
Unit/Space: Square Footage: Rent: 2101 27th Street Industrial space with connecting 14 ft. high door
1,600 Sq. Ft. $1,300
2706 St. Louis Avenue Mixed Space: Industrial/Office Space
3,500 Sq. Ft.
$3,200
2700 St. Louis Avenue Upstairs office space, 5 offices
1,000 Sq. Ft $1,000
2105 27th Street Office space
1,700 Sq. Ft $1,750
2710 St. Louis Avenue Upstairs office space
1,400 Sq. Ft $1,000
$8,250 Total Monthly Income: * All tenant are month to month
* Great building for Owner User
* Units 2101 27th Street and 2706 Saint Louis will be vacating May 1, 2019
The informa on in this presenta on has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
PROPERTY FINANCIAL ANALYSIS
PROPERTY SUMMARY INVESTMENT SUMMARY
Subject Name: Price: $2,195,000
Number of Units 5 Down Payment: $1,097,500
Address: 50%
City, State, Zip: Price / Unit: $439,000
Year Constructed: 1968 Price / Sq. Ft.: $238.59
Lot Size Sq. Ft.: 12,478
Building Sq. Ft.: 9,200 PROPOSED FINANCING
Building Const: 1st Loan: $1,097,500
Roof Type: Start Rate 4.75%
Parking: Monthly Payment $5,725
APN: Adjustable Rate Mortgage
Short Term Fixed Interest Rate
30 Year Amortization, Due in 30 Years
UNIT MIX AND RENT SCHEDULE
Unit # SF Current Rent Market Rent
2101 Industrial 1,600 $1,300 $1,920
2105 Office 1,700 $1,750 $2,040
2700 Office 1,000 $1,000 $1,200
2706 Industrial/Office 3,500 $3,200 $4,200
2710 Office 1,400 $1,000 $1,680
$8,250 $11,040
Rent per SF $0.90 $1.20
ANNUALIZED OPERATING DATA Current Market Rent
Scheduled Rent: $8,250 $11,040
Parking & Other Income: $0 $0
Monthly Scheduled Gross Income: $8,250 $11,040
Annual Scheduled Gross Income: $99,000 $132,480
Less Vacance Reserve: 3.0% $2,970 $3,974
Gross Operating Income: $96,030 $128,506
Less Expenses: $25,016 $47,093
Net Operating Income: $71,014 $81,413
Less Loan Payment: $0 $68,701
Gross Spendable Income: $71,014.00 $12,712
Plus: Principal Reduction: $0 $0
Total Return: $71,014 $12,712
ESTIMATED EXPENSES
Taxes: $7,072 $24,694
Insurance: $4,560 $4,600
Utilities: $3,923 $4,000
Professional Mgmt: $5,747 $6,624
Maint. & Repairs: $1,714 $3,975
Landscaping: $0 $1,200
Pest Control: $0 $0
Reserves: $2,000 $2,000
Total Expenses: $25,016 $47,093
Expenses/Unit: $1,042 $1,962
VALUE INDICATORS
Cash on Cash Return: 6.47% 1.16%
Total Return 6.47% 1.16%
Cap Rate: 3.24% 3.71%
Gross Multiplier: 22.17 16.57
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
2702 Saint Louis Avenue
Signal Hill, CA 90755
Concrete Block
Flat, two years old
7212-016-026
Unit Type
Total Monthly Rent
FOR SALE
PABST, KINNEY & ASSOCIATES 248 Redondo Avenue |Long Beach, CA 90803
www.pabstkinney.com | 562•987•3244
Kristie Pabst Broker/President | BRE #: 00804122
562•547•2668 [email protected]
2702 St. Louis Ave. Signal Hill
2702 Saint Louis Avenue, Signal Hill
FOR SALE 2702 Saint Louis Avenue, Signal Hill
FOR SALE
PABST, KINNEY & ASSOCIATES 248 Redondo Avenue |Long Beach, CA 90803
www.pabstkinney.com | 562•987•3244
Kristie Pabst Broker/President | BRE #: 00804122
562•547•2668 [email protected]
2702 Saint Louis Avenue, Signal Hill