565 Florida is a detached four bed/two bath house. 567 Florida is comprised of two duplexes each with twin two bed/one and a half bath townhome units. The cost per square foot and GRM are the lowest in IB now, Dollars/ SF is lower than anything that has been listed in IB in the past year. GRM is lower than average of what has been listed in IB in the last year. The average of recent Imperial Beach sales has been $560/SF. That would imply a value over $3,200,000 for this property. The four townhome apartments each have attached garages and private patios. The four garages offer an opportunity to add ADUs to create extra income. All units are individually metered for water, gas and electric. Each unit has individual laundry hookups.

Parking Spaces Total 8 Units With Garages 4

Sq Ft Of Improvement 5861 Units With Ranges 5

Actual Cap Rate 4.1 Actual Cash Flow 17186 Actual Fl Ins Expense 4280 Actual Gardener Expense 1560 Actual Gas And Electric 600 Actual Gross Operating Income 157018 Actual Gross Scheduled Income 163560.0 Actual Operating Expense 56682 Actual Other Expense 5500 Actual Prop Management 7851 Actual Taxes Expense 28741 Actual Total Expense 56682 Actual Total Pi Pay 83150 Actual Trash Expense 4176 Actual Vacancy And Credit Loss 6542 Actual Water Sewer Expense 3974 Assumable Finance 0 Buildings 3 Fiscal Year From 23 Fiscal Year To 24 Gross Equity 2459000 Gross Multiplier 15.0 Have 5 units to sell. Leased Apartments 5 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 13630 Motive Want Cash Out Projected Annual Pi Expense 83150 Projected Cap Rate 4.7 Projected Cash Flow 32905 Projected Fl Ins Expense 4280 Projected Gardener Expense 1560 Projected Gas And Electric 600 Projected Gross Multiplier 13.7 Projected Gross Operating Inc 172737 Projected Gross Scheduled Inc 179934 Projected Net Income 116055 Projected Operating Expense 56682 Projected Other Expense 5500 Projected Property Mgmt Expense 7851 Projected Taxes Expense 28741 Projected Total Expense 56682 Projected Trash Expense 4176 Projected Vacancy And Credit Loss 7197 Projected Water And Sewer Expense 3974 Short Sale No Tenant Pays Electric y Tenant Pays Gas y Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 2700 Unit Rent Total2 2613 Unit Rent Total3 2572 Unit Rent Total4 2486 Unit Rent Total5 3259 Unit Rent1 2700 Unit Rent2 2613 Unit Rent3 2572 Unit Rent4 2486 Unit Rent5 3259

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565-67 Florida St

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565-67 Florida St Imperial Beach, CA 91932

Property Description

Actual Cap Rate	4.1
Actual Cash Flow	17186
Actual Fl Ins Expense	4280
Actual Gardener Expense	1560
Actual Gas And Electric	600
Actual Gross Operating Income	157018
Actual Gross Scheduled Income	163560.0
Actual Operating Expense	56682
Actual Other Expense	5500
Actual Prop Management	7851
Actual Taxes Expense	28741
Actual Total Expense	56682
Actual Total Pi Pay	83150
Actual Trash Expense	4176
Actual Vacancy And Credit Loss	6542
Actual Water Sewer Expense	3974
Assumable Finance	0
Buildings	3
Fiscal Year From	23
Fiscal Year To	24
Gross Equity	2459000
Gross Multiplier	15.0
Have	5 units to sell.
Leased Apartments	5
Mandatory Remarks	None Known
Market Area	South Bay
Monthly Rent Total	13630
Motive Want	Cash Out
Projected Annual Pi Expense	83150
Projected Cap Rate	4.7
Projected Cash Flow	32905
Projected Fl Ins Expense	4280
Projected Gardener Expense	1560
Projected Gas And Electric	600
Projected Gross Multiplier	13.7
Projected Gross Operating Inc	172737
Projected Gross Scheduled Inc	179934
Projected Net Income	116055
Projected Operating Expense	56682
Projected Other Expense	5500
Projected Property Mgmt Expense	7851
Projected Taxes Expense	28741
Projected Total Expense	56682
Projected Trash Expense	4176
Projected Vacancy And Credit Loss	7197
Projected Water And Sewer Expense	3974
Short Sale	No
Tenant Pays Electric	y
Tenant Pays Gas	y
Unit Number1	1
Unit Number2	1
Unit Number3	1
Unit Number4	1
Unit Number5	1
Unit Rent Total1	2700
Unit Rent Total2	2613
Unit Rent Total3	2572
Unit Rent Total4	2486
Unit Rent Total5	3259
Unit Rent1	2700
Unit Rent2	2613
Unit Rent3	2572
Unit Rent4	2486
Unit Rent5	3259

Parking Spaces Total	8
Units With Garages	4

Sq Ft Of Improvement	5861
Units With Ranges	5