2 Units - La Jolla: Property For Sale

Properties For Sale 2 Units - La Jolla

2 Units - La Jolla

6633 Electric Ave. La Jolla

Drive By Only. Do Not Disturb Tenants. Tenants Do Not Know Property Is For Sale

Offered at:
$1,850,000

Property Description

RE/MAX Commercial - Apartment Sales Division is pleased to present a completely remodeled duplex. Built in 2000. All new interior/exterior paint, landscaping, flooring, kitchens, baths. Stainless steel appliances. Both units are 1200 square foot 2 bedroom 2 bath. Large backyard and enclosed garages for each unit. Washer dryers in each unit. Potential for vacation rental or owner/user. Walk to Windansea Beach and Bird Rock shopping.

La Jolla is surrounded on three sides by ocean bluffs and beaches and is located 12 miles north of Downtown San Diego and 40 miles south of Orange County. Downtown La Jolla is noted for jewelry stores, boutiques, upmarket restaurants and hotels.

Windansea Beach is a stretch of coastline located in La Jolla. The neighborhood adjacent to the beach is named Windansea after the beach.

Proforma Income

Two 2-bedroom 2-bath $3,000
Monthly Total $6,000

Cash Flow Analysis

Gross Scheduled Income $72,000
Operating Expenses $18,000 (25%)
Net Operating Income $54,000

Acquisition Data

Down Payment $370,000 (20%)
Loan Amount $1,480,000

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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