Property Details

7442 Borrego Trail
Yucca Valley, CA 92284

Price
$169,000
GRM
8  
GSI
$21,000  
NOI
$11,987  
CAP Rate
7.1  
Units
3  
Price/unit
$56,333  
Square Footage
1,800  
Price/sqft
$94  
Lot Size (sqft)
8,100  
Year Built
1965  

Property Description

The Borrego apartments consist of 3 units, all separately metered for gas and electric. New roof was installed less than 5 years ago. Small private yards for each tenant. 100% occupied. Well located and within walking distance to shopping, employment and transit.

Current EXISTING cap rate is 7.1% with a cash on cash (COC) return of 15.6% that includes principal loan reduction, and PROFORMA cap rate would be 8% with an outstanding cash on cash (COC) return of 19.3% including principal loan reduction. Existing gross scheduled income is $21,000.

Please see attached supplements or call broker for more information.


Unit Composition

QtyBedroomsBathrooms
31 Bedroom1 Bath

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