Off-Market 4plex in Torrance, CA - Bridge Financing Included

[Clayton Danly]

Property:

Purchase Price: $1,650,000
Closing Date: Sept 14th, 2018, or sooner 

No Rent Control. Laundry in each unit

Seller has not updated the units due to the low rent, entire building has been well maintained. 

Bridge Financing Terms:
Loan Amount: $1,320,000
Down Payment: $330,000 + closing costs
Interest Only Payments: 8.50% - 9.99%
Loan Term: 12 - 24 months with no pre-payment penalty

RENT ROLL: 

Units      Unit Type         Actual                Market

1                3+2                $1,420                $2,800

1                3+2                $1,500                $2,800

1                2+2                $1,275                $2,000

1                2+1                $1,275                $2,000

Totals: 10bd/7bt $5,470  $9,600       

Expenses: $2,170 (not incl taxes)

~ Contact Clayton Danly
847 977-2095
[email protected]