4 Units - Placentia
924 Easton St., Placentia 92870
Drive-by only. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
Single level four-plex. All 2 bedroom 1 bath units. Four separate detached units with an attached one-car garage and patio between each unit. Always 100% occupied. Separately metered for gas and electricity. Low expenses. Four separate water heaters. HUGE upside in rents. Market rents in the area are approx. $1,500 or more. Only 12.2 x gross on market rents of $1,500 each. 5.97% cap rate on market rents. Close to freeways, Disneyland and shopping.
Placentia is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Placentia is a city of sales and office workers, professionals, and managers. There are especially a lot of people living in Placentia who work in office and administrative support (13.95%), management occupations (13.04%), and sales jobs (12.14%).
Another interesting thing about Placentia, despite not being a huge city, is that there is a relatively high proportion of people living here who are young, single, and upwardly-mobile professionals. This makes it a good choice for other relocating single professionals. Here, these young singles will find many others like themselves, with opportunities for friendships, socializing, romance, and fun.
The education level of Placentia citizens is very high relative to the national average among all cities (21.84%): 38.05% of adults in Placentia have a bachelor's degree or even advanced degree.
The per capita income in Placentia in 2010 was $34,530, which is upper-middle-income relative to California, and wealthy relative to the rest of the US. This equates to an annual income of $138,120 for a family of four. However, Placentia contains both very wealthy and poor people as well.
|Four 2-bedroom 1-Bath||$1,150 each|
Cash Flow Analysis
|Gross Scheduled Income||$55,200|
|Operating Expenses||$13,800 (25%)|
|Net Operating Income||$40,296|
|Down Payment||$219,750 (25%)|
|Loan Amount||$659,250 (75%)|
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.