PDF - Derrick Ruiz

16 UNITS
OFFERED AT $5,499,000
1002-08 Ravenscourt Ave Campbell Ca 95008
eXp Realty Commercial
Derrick Ruiz
(310)308-3174
[email protected]
BRE # 00919713
* Sixteen 2 bed 1 bath units
* 4 Separate Buildings
* 2 Laundry Rooms
* Pool on Premises
* No Rent Control
* 13,312 square feet of improvements
Gary Di Grazia
(510)755-1883
[email protected]
BRE # 00478970
* 28,000 Square Foot Lot Zoned R3
* Trust Sale - No Court Confirmation Needed
Ravenscourt Apartments
Current Rent Roll
Unit
Address
Unit Description, Tenant name
Sq. Feet
Per Unit
Rent Rate
Per Unit
1002-1
2 Bed 1 Bath
832
$1,350
1002-2
2 Bed 1 Bath
832
$1,680
1002-3
2 Bed 1 Bath
832
1002-4
2 Bed 1 Bath
1004-1
1004-2
Qty of
Units
Total
Rent
$1.62
1
$1,350
$2.02
1
$1,680
$1,680
$2.02
1
$1,680
$500
832
$1,660
$2.00
1
$1,660
$1,100
2 Bed 1 Bath
832
$1,950
$2.34
1
$1,950
$1,000
2 Bed 1 Bath
832
$1,875
$2.25
1
$1,875
$1,300
1004-3
2 Bed 1 Bath
832
$1,645
$1.98
1
$1,645
$100
1004-4
2 Bed 1 Bath
832
$1,800
$2.16
1
$1,800
$100
1006-1
2 Bed 1 Bath
832
$1,625
$1.95
1
$1,625
$1,000
1006-2
2 Bed 1 Bath
832
$1,775
$2.13
1
$1,775
$1,000
1006-3
2 Bed 1 Bath
832
$1,630
$1.96
1
$1,630
$800
1006-4
2 Bed 1 Bath
832
$1,655
$1.99
1
$1,655
$1,150
1008-1
1 Bed 1 Bath
832
$1,455
$1.75
1
$1,455
$400
1008-2
3 Bed 1 Bath
832
$2,100
$2.52
1
$2,100
1008-3
2 Bed 1 Bath
832
$1,680
$2.02
1
$1,680
$800
1008-4
2 Bed 1 Bath
832
$1,800
$2.16
1
$1,800
$800
$2.06
16
$27,360
$10,550
Totals
13,312
Laundry
$350
Annual
$332,520
Information in this report is from sources deemed to be reliable but is not verified.
User is responsible for verifying all income, expenses, projections, assumptions
and income tax implications.
Contents
Rent /
Sq.Ft.
Continue to Datainput page
1998 RML Properties, Inc. Irvine, CA 714-730-9403
AnalyzRE Plus v6.0 12-20-02
Derrick Ruiz
eXp Realty
424-240-9319
310-634-1277 Fax
Security
Deposit
$500
2
1002-1008 Ravenscourt Ave Campbell Ca 95008
Ravenscourt Apartments is a mid century multifamily building located
in the Silicon Valley city of Campbell. The property consists of 4
separate buildings. Each building is 2 stories and each unit is 2
bedroom 1 bathroom. Property has a pool.
Property us approximately 5 miles from Santa Clara University, 3
miles from San Jose State and 2 miles from San Jose City College.
Close to Highway 17 & 280 and VTA Light Rail. Shopping, dining and
entertainment is close by at the PruneYard, Santana Row and
Winchester Theaters. Excellent Schools: Castlemont Elementary,
Monroe Middle School and Del Mar High School.
Property is a trust sale but no court confirmation is required.
For showings and additional information please contact listing agent.
Derrick Ruiz - Apartment Broker and Expert
eXp Realty
(310)308-3174
[email protected]
www.derrickruiz.com
16 Units - 1002-08 Ravenscourt Ave - www.1002Ravenscourt.com
Residential Income
Type of Listing Agreement
Have
City
Ravenscourt Apartments
Address
Cross Streets
1002-08 Ravesncourt Ave
County
ER
TG #
Campbell
# Units 16
State
Ca
Price per unit
Santa Clara
Features
Zip
Terms
Financial Analysis(Annual)
Current
Gross Schedule Income (GSI)
Vacancy Allowance
$11,502
Gross Operating Income(GOI)
$322,544
$371,898
Operating Expenses
$136,604
$136,604
$185,940
$235,294
41.08%
Loan Payments(P&I)
0
Gross Spendable Income(SI)
A/P #
$235,294
Place Picture or Text here
3.38%
4.28%
Place Picture or Text here
16.54
14.34
Place Picture or Text here
Gross Multiplier(LP/GSI)
COE
0
$185,940
Cap Rate(NOI/LP)
$5,499,000
Poss.
Cash, CTNL
$383,400
$9,976
Net Operating Income(NOI)
Loans
Gross Equity
Projected
$332,520
3.00%
$5,499,000
List Price (LP)
95008
343,688
Tax Area
282-15-028
Tax Rate Year
Tax Rate
Land
Improvements
Personal Property
Total
Legal : Lot #
Block#
No of
Units
Unit Description
Rent/
Unit
Total/
Rent
1
2 Bed 1 Bath
1350
1350
Taxes-Property
1
2 Bed 1 Bath
1680
1680
Taxes-Payroll
1
2 Bed 1 Bath
1680
1680
Insurance-F & L
1
2 Bed 1 Bath
1660
1660
Insurance-Workers Comp
1
2 Bed 1 Bath
1950
1950
Utilities-Gas
1
2 Bed 1 Bath
1875
1875
Utilities-Electric
1
2 Bed 1 Bath
1645
1645
Utilities-Water
$8,756 Zones:
1
2 Bed 1 Bath
1800
1800
Services- Trash
$6,101 Pot. New 1St
Interest Rate
Mo P & I
1
2 Bed 1 Bath
1625
1625
Services- Gardener
$5,256 Pot. New 2nd
Interest Rate
Mo P & I
1
2 Bed 1 Bath
1775
1775
Supplies & Misc.
$2,384 Financing Remarks
1
2 Bed 1 Bath
1630
1630
Advertising
1
2 Bed 1 Bath
1655
1655
Repairs & Maintenance
$7,559
1
1 Bed 1 Bath
1455
1455
Pest Control
$1,210
1
3 Bed 1 Bath
2100
2100
Licenses
1
2 Bed 1 Bath
1680
1680
Manager-On Site
1
2 Bed 1 Bath
1800
1800
Manager-Professional
Total Mo Rent
Tract#
15
Rent Control
N
Zoning
R3
Construction
Floors
2
Salesperson
Fee
@
Due
MO P & I
Lender
Assumable?
Type
$10,090 Land:
Fee
Lease $
Spec Study?
Yr Lease Expires
Flood?
Coastal?
Slide?
0
CASH OR CASH TO NEW LOAN. SELLER WILL NOT CARRY A MORTGAGE.
$946
Remarks
Excellent mid-century 16 unit investment opportunity. First time on market
$16,127 in years. Trust sale, offered As-Is with no repairs or termite clearance. Located on the
$4,260 from San Jose State college and 2 miles from San Jose City college. Close to Highway 17
and the 280 freeway and the VTA light rail. Close to the Prunyard, Santana Row shopping
Office Exp
centers. Property located in a very good school district: Castlemont Elementary, Monroe
$27,360
Other
Middle School, and Del Mar High School. Rents are below market. Significant upside in
$350
Other
existing rents. Call listing agent for more information. Inside with accepted offer.
$136,604 Property has pool.
# Car Ports
x
Sewer
Pool
Electric
4
x
Lot Sq. Ft.
Y
Heat
X
Heated
# Drapes
X
Type
$3,594 West San Jose/Campbell border, Only 5 miles from Santa Clara University, 3 miles
Irreg
#Carpets
Circulating Water Heaters
E-mail Address
Assumable?
$7,321 2nd TD $
Capital Expenditures
Tenant Pays: Gas
Stories
Mo P&I
Lender
Recreation Facility
# Garages
Lot Size
07/02/06
@
$63,000 Due
$332,520 Total
Total Parking:
Loan Information as of
1st TD $
Communications/Cable
Laundry
Total Annual Income
Annual Operating Expenses
FA
# Ranges
[email protected]
# Spaces
Water
12
28000
Central A/C
X
# Refg
310-634-1277 Fax
# Balconies
Cable TV
# Buildings
Spa
Fax No
# Patios
Trash
4
# Wall A/C
X
Year Built
1962
Net Bldg S.F.
13,312
Elevators
# Disposals
#D/W
Sauna
Alley
To Show
Rec Room
Gary Di Grazia
Roof
N
Paved
Phone
510-755-1883
Derrick Ruiz
Listing Office eXp Realty
Phone
424-240-9319
S/O Comp
All Information is from sources believed reliable, but is not guaranteed. Information is confidential and for licensed agent use only-- not for public distribution.
Electronic Forms from Property By Net 714-730-9403 (www.propertybynet.com)
Computerized forms by Property By Net 714-730-9403
2.50%
Loren Tirone
14‐Jul‐2016
1002‐1008 Ravenscourt Ave.
Campbell, CA 95008
310.706.4454 (Direct)
310.848.6036 (Private Fax)
[email protected]
Option 1
Option 2
Option 3
3 Year Fixed
5 Year Fixed
7 Year Fixed
Purchase Price
$5,499,000
$5,499,000
$5,499,000
Loan Amount
$2,725,000
$2,690,000
$2,515,000
Down Payment
$2,774,000
$2,809,000
$2,984,000
Loan‐to‐Value
50%
49%
46%
Debt Coverage Ratio (DCR)
1.20
1.20
1.15
Current Interest Rate
3.150%
3.250%
3.450%
Index
1 Year LIBOR
1 Year LIBOR
12MAT
Margin
2.50%
2.50%
2.75%
Floor / Ceiling
3.150% / 9.150%
3.250% / 9.250%
3.450% / 9.500%
Loan Term
30
30
30
Amortization in Years
30
30
30
Monthly Payment
$11,710
$11,707
$11,223
Recourse
Yes
Yes
Yes
Impounds
No
Years 1 through 3
No
Years 1 through 5
No
Years 1 through 7
1.5%‐1.5%‐1%
1.5%‐1.5%‐1.5%‐1%‐1%
2%‐2%‐2%‐2%‐2%‐1%‐1%
1%
1%
1%
Appraisal/Due Diligence
$3,000
$3,000
$2,500
Closing/Processing/Underwriting
$2,000
$2,000
$1,000
Loan Options
Pre‐Payment Penalty
Loan Fee *
Estimated Costs:
Alternative fixed and adjustable rate options may be available upon request
Quote subject to satisfactory lender review of rent roll, I & E, property condition, and borrower's financials
Rates and programs are subject to change without notice
© 2016 Venture West Funding, Inc. is headquartered at 2301 Rosecrans Ave., Suite 3170, El Segundo, CA 90245 and is a
licensed Real Estate Broker ‐ CA Dept. of Real Estate ‐ License Numbers: BRE# 01254294 / NMLS# 169000
16 Units - 1002-08 Ravenscourt Ave - www.1002Ravenscourt.com
16 Units - 1002-08 Ravenscourt Ave - www.1002Ravenscourt.com
16 Units - 1002-08 Ravenscourt Ave - www.1002Ravenscourt.com
16 Units - 1002-08 Ravenscourt Ave - www.1002Ravenscourt.com
16 Units - 1002-08 Ravenscourt Ave - www.1002Ravenscourt.com