167 E 67th St, 90805
Recently Closed!
Happy to announce that Cody Charnell’s client just closed escrow on this well-maintained triplex in North Long Beach. The property consists of a detached 2bed/2bath house in the front and two cottages in the rear featuring 1bed/1bath and a studio. We were able to beat two other offers and complete the purchase using low many down FHA financing.
Unit Current Market
2bd/2ba $2000 $2100
1bd/1ba $1100 $1350
Studio $900 $1100
Garage (2) $100
Total $4000 $4650
Current GRM: 13.04
Market GRM: 11.2
PRICE
$626,000
ANNUAL INCOME
$49,200
ANNUAL NOI
$31,980
ANNUAL EXPENSE
$17,220
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 2 | $2,000 | $2,000 | $2,100 | $2,100 |
| 1 | 1 | 1 | $1,100 | $1,100 | $1,350 | $1,350 |
| 1 | 0 | 1 | $900 | $900 | $1,100 | $1,100 |
| $ | $0 | $100 | $0 | |||
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 3 | 3 | 4 | $4,000 | $4,550 |
