Steady cap rate of 4.8%! Great net income in place for stable cashflow. Actual income of $409,680. This includes rent and CAM. Rent is below market.
Big potential to increase. Low expense:$99,705 (Includes estimated new property tax!) Eight tenants insisting of a liquor store, medical related, and restaurants. Right off the 91 and 55 freeways. Major cross streets are Tustin Ave. & Santa Ana Canyon Road with traffic counts over 30,000 cars per day. Building is 18,055 sq. ft. Large 1.3 acre lot. Plenty of parking. Drive by only. Do not disturb tenants.
BRENT ROBERTS Realtor | CA BRE# 01946139 | 619-762-4883
GET A FREE CONSULTATION Find out what your home is really worth!