Property Details

7173 Sage Ave
Yucca Valley, CA 92284

Price
$450,000
GRM
8.78  
GSI
$51,240  
NOI
$28,617  
CAP Rate
6.36  
Units
8  
Price/unit
$56,250  
Square Footage
5,280  
Price/sqft
$85  
Lot Size (sqft)
11,049  
Year Built
1965  

Property Description

The Sage apartments consists of 8 units, all separately metered for gas and electric. Existing rents are +/- 10%. Value can be added by adjusting rents upward by 10% to market rents, reduce expenses such as house electric to an LED system, reduce water costs by installing low flow systems throughout all units and self manage.

Current EXISTING cap rate is 6.36% with a cash on cash (COC) return of 11.86% with principal loan reduction. and PROFORMA cap rate would be 8.36% with an outstanding cash on cash (COC) return of 18.53% with principal loan reduction. Existing gross income is $51,240.


Unit Composition

QtyBedroomsBathrooms
41 Bedroom1 Bath
42 Bedroom1 Bath

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