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Updated over 11 years ago,

User Stats

432
Posts
63
Votes
Shari Posey
  • Residential Real Estate Agent
  • Long Beach, CA
63
Votes |
432
Posts

Survey: What would you pay for this property?

Shari Posey
  • Residential Real Estate Agent
  • Long Beach, CA
Posted

As a buy & hold property, I'm curious to see what various investors would pay for a 4-plex with the following monthly income and expenses:

Income $2750 (total from 4 units)

Property taxes $390
Actual utilities & general maintenance $500 (common area utilities, pool, landscaping, trash, sewer, common water)
Insurance $70

I am not factoring in property management--I would do it myself.
I'm not factoring in repairs because it has been recently upgraded (electrical, plumbing, roof, stucco, interiors, etc.)

Neighborhood is pretty good; a little better than average for the town.

So what is the most you would pay?

I appreciate your analysis!

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