 |
| PROPERTY DATA: |
| Address: |
297 Mathilda Drive Goleta, CA 93117 |
| County: |
Santa Barbara |
| Year Built: |
1969 |
| Number of Units: |
9 |
| Buildings: |
1 Two Story |
| Parking: |
9 Uncovered
1 Garage/Storage |
| Lot Size: |
0.24 acres |
| Building SF: |
7,850 square feet |
| APN: |
079-554-013 |
| UNIT MIX and RENT ROLL |
| Unit No. |
Unit Type |
Condition |
SF (approx.) |
Pro-Forma Rent |
| 1 |
2 BR / 1.5 BA |
Very Good |
950 |
$1,880 |
| 2 |
2 BR / 1.5 BA |
Very Good |
950 |
$1,880 |
| 3 |
2 BR / 1.5 BA |
Very Good |
950 |
$1,880 |
| 4 |
2 BR / 1.5 BA |
Very Good |
950 |
$1,880 |
| 5 |
2 BR / 1.5 BA |
Very Good |
950 |
$1,880 |
| 6 |
1 BR / 1 BA |
Very Good |
540 |
$1,250 |
| 7 |
1 BR / 1 BA |
Very Good |
555 |
$1,250 |
| 8 |
2 BR / 1 BA |
Very Good |
865 |
$1,780 |
| 9 |
2 BR / 1 BA |
Very Good |
915 |
$1,780 |
| Laundry |
|
|
60 |
$200 |
| Garage/Storage |
|
|
165 |
$200 |
| TOTALS |
|
|
7,850 |
$15,860 |
| ANNUAL EXPENSES |
| Annual Expense |
Pro-Forma |
% of GRI
(Pro-Forma Rents) |
| Real Estate Taxes |
$26,000 |
13.7% |
| Building Insurance |
$4,000 |
2.1% |
| Water (master meter) |
$2,000 |
1.1% |
| Electricity (common area) |
$1,000 |
0.5% |
| Trash |
$3,000 |
1.6% |
| Grounds |
$1,200 |
0.9% |
| Maintenance / Repairs ($600/unit) |
$5,400 |
2.8% |
| Advertising / Admin. |
$1,000 |
0.5% |
| Management (6%) |
$11,500 |
6.0% |
| Reserves (3%) |
$5,800 |
3.0% |
| TOTALS |
$60,900 |
32.3% |
| FINANCIAL SUMMARY |
| Pro-Forma Income & Expenses |
| Gross Monthly Rental Income |
$15,860 |
| Gross Annual Rental Income |
$190,320 |
| Net Operating Income |
$129,420 |
| Capitalization Rate |
5.90% |
| Gross Rent Multiplier |
11.53 |
| Price |
$2,195,000 |
| Price Per Unit |
$243,889 |
| Price Per SF |
$280 |
|
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