(5) 1 bed.1ba. units. Older, in great condition, no deferred maintenance. All units individually metered for gas, water and electric. All permits available. One duplex completed 1961, one duplex completed in 1970. These units really are in GREAT condition. Very attractive floor plans with semi-private patios for each unit. Expenses that are stated are accurate and complete. Year Built - 1956
Approx. Square Footage - 2954

  
  
  

	Monthly	Annually
Gross Rents	3,150	37,800
Vacancy and Credit Loss	315	3,780
Gross Operating Income	2,835	35,020
Advertising	10	120
Cleaning	25	300
Gardening	50	600
Sewer	125	1,500
Insurance	125	1,500
Legal Fees		0
Licenses and Permits		0
Pest Control		0
Repairs and Maint.	300	3,600
Sewer Bond Assessment	190	2,280
Property Taxes	280	3,360
Property Management	284	3,402
Utilities:
Trash	25	300
Water	0	0
Gas and Electric	0	0
Total Operating Expenses	1,414	16,962
Net Operating Income	1,422	17,058

Listing Price: $259,000
-- Jeannie

Sold MAI Appraisal on file at $440,000. 9 units in the heart of Palm Springs. Inviting pool will entice tenants. Within walking distance to shopping, airport, city hall. Owner's unit has fireplace. 4 - 1bedrooms, 5 studios. Most face the pool. Extra large corner lot - trees for shade. Off street parking for tenants. There is a laundry room on property for tenants. Electric is sub-metered for air conditioning portion only.

    

	Monthly	Annually
Rents	5,725	68,700
Vacancy and Credit Loss	590	7,080
Gross Operating Income	5,135	61,620
Advertising	115	1,380	Actual 2010
Cleaning	0	0	Actual 2010
Gardening	171	2,052	Actual 2010
Insurance	164	912	Actual 2010
Licenses and Permits	76	912	Actual 2010
Pest Control	20	240	Actual 2010
Repairs and Maint.	600	7,200	Projected
Pool Service	217	2,604	Actual 2010
Property Taxes	440	5,280	Projected on 440 value.
Property Management	514	6,162	10% of GOI
Utilities:
Trash	115	1380	Actual 2010
Water	113	1,356	Actual 2010
Gas	139	1668	Actual 2010
Electric	291	3,492	Actual 2010
Total Operating Expenses	2,975	35,694	52%
Net Operating Income	2,161	25926

Cap Rate 6
GRM 6

Directions: Sunrise to Arenas, go east on Arenas to property.
View Listing Above is a model and no guarantees are implied by broker.

-- Jeannie

Seven (7) two bedroom, one bath units. 800/900 sq.ft. Tile floors in all but one unit. Most units have been redone. Attractive curb appeal, two story building. Off street parking.

  

	Monthly	Annually
Rents	5,250	63,000
Vacancy and Credit Loss	525	6,300	10% projected
Gross Operating Income	4,725	56,700
Advertising	25	300	Projected
Cleaning	0	0
Gardening	125	1,500	Projected
Insurance	200	2,400	Projected
Licenses and Permits	50	600	Projected
Pest Control	37	444	Projected
Repairs and Maint.	500	6,000	Projected
Property Taxes	752	9,024	Projected
1915 Bond Assessment	489	5,868	Actual
Property Management	473	5,670	10% gross rents collected
Utilities:
Trash	97	1,164	Projected
Water and Sewer	100	1,200	Projected
Gas	25	300	Projected
Electric	25	300	Projected
Supplies	30	360	Projected
Total Operating Expenses	2,928	35,130
Net Operating Income	1,798	21,570

Listing Price: $380,000
Cap Rate 5.7

Above is a model and no guarantees are implied by broker.

-- Jeannie

This is duplex is one of the nicest in the area. Each unit has 3 bedrooms and 3 baths. There is a large living room with fireplace and a 2-car garage. 18-inch ceramic tile floors, interior laundry.

Year Built - 2002
Duplex Square Footage - 3,082

  
  
 

<td <td

	Monthly	Annually
Rents	2,250	27,000
Vacancy and Credit Loss	140	1,680
Gross Operating Income	2,110	25,320
Gardening	100	1,200
Insurance	80	960	Projected
Repairs and Maint.	100	1,200	Projected
Property Taxes	449	5,388	Projected
Property Management	266	3,192
Utilities:
Water & Electric	50	600
Total Operating Expenses	1,045	12,540
Net Operating Income	1,065	12,780

Listing Price: $399,000
View Listing

Above is a model and no guarantees are implied by broker.

-- Jeannie

Sold

Here is a well-maintained duplex that is perfect for a first-time investor or someone who wants an easy property to manage. This could be an owner-occupied unit and the additional unit will help pay the mortgage. Both units have been recently upgraded. Unit A has wood flooring in living, dining, hallway and bedrooms. Ceramic tile in kitchen and bathroom. Unit B has ceramic tile throughout the apartment, with newer stove, microwave, dishwasher. Each has its own private yard and security screen doors. There is a garage for each apartment and there is a common washer/dryer for tenant use.

  
  

	Monthly	Annually
Rents	1,800	21,600
Vacancy and Credit Loss	95	1,140
Gross Operating Income	1,710	20,520
Advertising	15	180	Actual 2007
Cleaning	14	168	Actual 2007
Gardening	0	0	Actual 2007
Insurance	82	984	Actual 2007
Licenses and Permits	0	0	Actual 2007
Pest Control	0	0	Actual 2007
Repairs and Maint.	57	684	Actual 2007
Pool Service	0	0	Actual 2007
Property Taxes	436	5,232	Projected @ 1.25%
Property Management	181	2,160	Projected @ 10%
Utilities:
Trash	15	180	Actual 2007
Water	22	264	Actual 2007
Gas and Electric	11	132	Actual 2007
Total Operating Expenses	599	7,182
Net Operating Income	1,111	13,338	44%

Cap Rate 2.8 194,500

Directions: Hwy 111 to Indian Trail, north to San Jacinto, west to property. Unit is on south-east corner of Sunrise Court and San Jacinto.
View Listing

Above is a model and no guarantees are implied by broker.

-- Jeannie

All units have been upgraded within the past 2 years. All 2 bedrooms/2 baths with ceramic tile throughout the apartment. Added income from the non-permitted studio apartment - $750/mo rent. Carport for the units, with extra off-street parking for guests or 2nd cars. Swimming pool and spa with upgraded security gates. The 6th unit is a non-conforming studio that has not been permitted by the city.

  
  
  

	Monthly	Annually
Rents	5,475	65,700
Vacancy and Credit Loss	274	3,285
Gross Operating Income	5,201	62,415
Advertising	45	540	Actual 2007
Cleaning	93	1,116	Actual 2007
Gardening	414	4,968	Actual 2007
Insurance	311	3,732	Actual 2007
Licenses and Permits	53	636	Actual 2007
Pest Control	2	24	Actual 2007
Repairs and Maint.	300	3600	Actual 2007
Pool Service	398	4,776	Actual 2007
Property Taxes	755	9,060	Projected @ 1.25%
Property Management	520	6,242	Projected @ 10%
Utilities:
Trash	127	1,524	Actual 2007
Water	202	2,424	Actual 2007
Gas and Electric	289	3,468	Actual 2007
Total Operating Expenses	3,509	42,110
Net Operating Income	1,692	20,306	65%

Cap Rate 2.8 675,000

Directions: Hwy 111 to San Pablo, north to San Gorgonio Way, property on north-west corner of San Pablo and San Gorgonio Way.
View Listing

Above is a model and no guarantees are implied by broker.

-- Jeannie

$451,000
45396 Deep Canyon
Palm Desert, California

Four-Plex
(1) 3 bed 1.5 ba.
(1) 3 bed 2.5 ba.
(2) 2 bed 1 ba.

Two car garage for each unit.
Community Pool

Gross Scheduled Income: $50,100
Vacancy Allowance: $2505.00(3%)
Gross Operating Income: $47,595
Operating Expenses: $17,624
Net Operating Inc: $29,971

Taxes(NEW): $5,312 (based on 1.25%)
Insurance: $374.00 (actual)
Water/Sewer: $720.00 (actual)
Trash: $416.00 (actual)
Pest Control: $828.00 (actual)
Licenses: $100.00 (actual)
Manager: $5,940.00 (HOA dues $495/mo)
Professional Mgmt: $3,934.00 (estimated at 8%)
Total: $17,624

All Financials are Actuals from the owners tax return for 2007.

We have based the projected property taxes on a valuation of $451,000 and the tax rate of 1.25%.

View Listing

-- Jeannie