SOLD: $420,000 | 1932 E Calle Lileta, Palm Springs
/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.
Address:
1932 E Calle Lileta
Palm Springs, CA 92262-7125
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
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 and Sewer | 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 | |
List Price: SOLD
Cap Rate: 6
Above is a model and no guarantees are implied by broker.
Sold Price: $420,000
Status: Sold