MULTI-UNIT MULTI-FAMILY DEAL (JAN. 10, 2014)

- REAL ESTATE DEAL IN LOS ANGELES - 

OFF MARKET 

MULTI-FAMILY PORTFOLIO THAT'S 100% OCCUPIED WITH A LARGE WAITING LIST, THE PROPERTY IS ENCUMBERED BY A HUD SECTION 8 CONTRACT A - 21

 

MULTI-FAMILY UNITS PORTFOLIO W/ A LUCRATIVE HUD CONTRACT.

PORTFOLIO PURCHASE PRICE IS $6,995,000 (PORTFOLIO BUY ONLY)

100% OCCUPANCY WITH A LARGE AND CONSTANT WAITING LIST.

ENTIRE PROPERTY IS HUD SECTION 8 CONTRACT.

PORTFOLIO CONSISTS OF 7 PROPERTIES CONTAINING MULTI-FAMILY UNITS.

INTERIOR & EXTERIOR OF THESE PROPERTIES ARE IN GOOD TO VERY GOOD CONDITION, (HUD DEMANDS VERY GOOD CONDITION).

BUYER MUST BE APPROVED BY THE DEPARTMENT OF HUD-SECTION 8.

THE SECTION 8 CONTRACT IS RENEWABLE ANNUALLY.

• YEARLY INCOME IS $624,000

• CAP RATE IS APPROXIMATELY 7%+

• ALL OF THE PROPERTIES ARE WITHIN 3 MILES FROM EACH OTHER IN THE LOS ANGELES ZIP CODES OF 90001, 90002, 90011 & 90059

• PORTFOLIO CONSISTS OF: TWO DUPLEXES, ONE FOURPLEX, ONE 9-PLEX, ONE-11-PLEX & ONE-12-PLEX.

• THERE ARE 18-1 BEDROOMS UNITS, 21-2 BEDROOM UNITS, 11-3 BEDROOM UNITS & 2-4 BEDROOM UNITS 

THIS IS AN OFF MARKET PORTFOLIO AND MUST STAY OFF MARKET, PLEASE DO NOT LET THIS GO VIRAL.

CALL TO REQUEST THE PACKAGES WITH FINANCIALS FOR REVIEW.

TO MOVE FORWARD THE FOLLOWING WILL BE REQUIRED: 

• BUYER MUST SIGN A NCND. 
• BUYER'S SIGNED ASSET SPECIFIC LETTER OF INTENT 
• BUYER'S COMPANY WEBSITE OR EXECUTIVE SUMMARY                (FOR VETTING AND BUYER REGISTRATION). 
• BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH BUYER'S PACKAGE OR THE BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY. 

CONTACT: DARLENE, THANKS. 970-481-0033