647 W 5th ST San Pedro, CA 90731

CAP RATE 6.1% BASED ON RENTS AS OF 06/01/13 - CLASSIC 1918, 8 UNIT BUILDING (6 ONE BED, 2 STUDIO) IN VERY GOOD CONDITION - MANY UNITS HAVE NEWER HARDWOOD/ENGINEERED FLOORS AND NEWER PAINT - HALLWAYS AND STAIRWELLS HAVE NEW CARPETS AND PAINT (4/13)- ALL UNITS ARE SEPARATELY METERED FOR GAS AND ELECTRIC - OWNER PAYS WATER - - -***AVAILABLE ON REQUEST; RECENT (3/13/13) BUILDING INSPECTION REPORT (INCLUDES SEWER) AND MORE PHOTOS**** EARTHQUAKE RETROFIT, NEW ELECTRICAL AND COPPER PLUMBING WERE INSTALLED AROUND 1997 - A NEW ROOF WAS INSTALLED ABOUT 6 YEARS AGO - ONE UNIT JUST WENT VACANT, READY TO RENT BY 4/30/13, CURRENT TENANCY RANGES FROM ONE TO FIFTEEN YEARS - EASY TO RENT - VACANCY RATE IS 5% - LAUNDRY PRODUCES APPROXIMATELY $1200 PER YEAR INCOME - OFFERS ARE SUBJECT TO INSPECTION - DO NOT DISTURB TENANTS - BUYER AGREES TO 1031 EXCHANGE AT NO COST TO BUYER - AT PRO FORMA RENT RATES STATED, WHICH ARE THE CURRENT HIGH RENT RATES ($825 ONE BEDROOM, $620 STUDIO), CAP RATE IS 6.66%