69180 Victoria Dr, Cathedral, CA

Ten newly refurbished 3 bedroom, 2 bath units; 1230 square feet each, private patios, interior laundry each unit, carports, tennis courts, large pool with sunbathing area.

All units with new kitchen and bath cabinets, new dual pane windows, granite counter tops, new stainless steel appliances, new HVAC, new lighting, new plumbing fixtures, new front doors, and new dual pane sliding glass doors.

Beautiful Water Saving Desert Landscaping.

Individual water meters - each tenant pays for their own water. 

Address: 
69180 Victoria Drive
Cathedral City, CA 92234

 


Actual Rents - Rent ranges from $1,250/mo - $1,325/mo

Monthly

Annually

Projected/Actual

Gross Rents

$12,825

$153,900

Vacancy and Credit Loss

$385

$4,617

3% reflects market vacancy rate

Gross Operating Income

$12,440

$149,283

Gardening

$250

$3,000

Actual

Sewer

$245

$2,940

Tax Assessor

Insurance

$238

$2,856

Quote

Fixed Asmt. on Tax Roll

$181

$2,244

Actual

Licenses and Permits

$29

$350

Actual

Pest Control

$45

$540

Actual

Repairs & Maintenance

$500

$6,000

Estimated

Pool Service

$183

$2,196

Actual

Property Taxes

$2,012

$24,141

.01238% Calculated

Property Management

$0

$0

Buyer to provide

Utilities:

Trash

$260

$3,120

Actual

Water

$120

$1,440

Actual

Electric

$69

$829

Est. due to Solar

Total Operating Expenses

$4,138

$49,655

32% of Gross Rents

Net Operating Income

$8,302

$99,628


Market Rents - all 10 units rented for $1,325/mo

Monthly

Annually

Projected/Actual

Gross Rents

$13,250

$159,000

Vacancy and Credit Loss

$398

$4,770

3% reflects market vacancy rate

Gross Operating Income

$12,853

$154,230

Gardening

$250

$3,000

Actual

Sewer

$245

$2,940

Tax Assessor

Insurance

$238

$2,856

Quote

Fixed Asmt. on Tax Roll

$181

$2,172

Actual

Licenses and Permits

$29

$350

Actual

Pest Control

$45

$540

Actual

Repairs & Maintenance

$500

$6,000

Estimated

Pool Service

$183

$2,196

Actual

Property Taxes

$2,012

$24,141

.01238% Calculated

Property Management

$0

$0

Buyer to provide

Utilities:

Trash

$260

$3,120

Actual

Water

$120

$1,440

Actual

Electric

$69

$828

Est. due to Solar

Total Operating Expenses

$4,138

$49,655

31% of Gross Rents

Net Operating Income

$8,715

$104,575


List Price: $1,950,000
Cap Rate - Actual: 5.1%
Cap Rate - Market: 5.4%
Occupancy: 100%
Number of Units: 10
Building Size: 12,300 SF
Price/Unit: $195,000
Property Type: Multifamily
Property Sub-Type: Townhouse (2 Story)
Property Use Type: Investment
Status: Available