WESTSIDE PROPERTIES Real Estate Sales & Management8885 Venice Bl., Suite 201, Los Angeles, CA 90034

Tel. 310.839.6051 Fax. 310.839.6052

Available

2922 Budlong StreetUSC ADJACENT !!!

10 units

For Further Information:Lewie Zettell

(310) 839-6051

WESTSIDE PROPERTIES Real Estate Sales & Management8885 Venice Bl., Suite 201, Los Angeles, CA 90034

Tel. 310.839.6051 Fax. 310.839.6052

ADDRESS: 2922 Budlong St., Los Angeles 90007 - 10 units 3 blocks west of Vermont Ave. / 2 blocks north of Jefferson Bl.

PROPERTY INFORMATION FINANCING INFORMATIONPURCHASE PRICE: $ 2,150,000 DOWN PAYMENT: $ 2,150,000NUMBER OF UNITS: 10 1ST TRUST DEED: $ANNUAL GROSS INCOME: $ 125,532 LENDER:APPROX. BLDG SQ. FT: 7,923 INTEREST RATE:LOT SIZE / ZONING: 8,756 / LA R3 MONTHLY LOAN PAYMENT: $YEAR BUILT / # OF STORIES: 1964 / 2 ANNUAL LOAN PAYMENT: $CONSTRUCTION: WOOD FRAME 2ND TRUST DEED: $ NUMBER OF PARKING SPACES:

10 LENDER:

GROSS RENT MULTIPLIER: 17.2 INTEREST RATE: COST PER UNIT: $ 215,000 MONTHLY LOAN PAYMENT: $ CAP RATE: 3.0 ANNUAL LOAN PAYMENT: $ COST PER SQ. FT. OF BLDG:

$ 271 TOTAL LOAN PAYMENT: $ 2,150,000

ANNUAL OPERATING EXPENSES PROJECTED ANNUAL CASH FLOWUTILITIES: $ 9,000 ANNUAL RENTAL INCOME: $ 124,332GARDENER: $ 1,200 ANNUAL LAUNDRY INCOME: $ 1,200RUBBISH $ 2,400 ANNUAL GROSS INCOME: $ 125,532INSURANCE: $ 4,200 ANNUAL VACANCY EXPENSE: $ 5,000NEW REAL ESTATE TAXES: $ 26,875 GROSS OPERATING INCOME: $ 120,532POOL: $ N/A TOTAL OPERATING EXPENSES: $ 55,425ON-PREMISE MANAGER: $ N/A NET OPERATING INCOME: $ 65,107MAINTENANCE: $ 5,500 ANNUAL LOAN PAYMENTS: $OFF-SITE MANAGEMENT: $ 6,250 TOTAL ANNUAL CASH

FLOW:$ 61,537

TOTAL ANNUAL EXPENSES:

$ 55,425 CASH ON CASH RETURN: 3.0%

COMMENTS UNIT MIX$300K PRICE REDUCTION !! OWNER SAYS

SELL !!!# OF UNITS TYPE RENT RANGE

COURTYRAD BLDG, GREAT UNIT MIX & LARGE UNITS,

5 1bdr + 1ba $954-$1600

INDIVIDUAL GAS & ELECTRIC METERS. 10 PARKING. 3 2bdr + 1ba $986-$1160ONLY FEW MINUTES FROM USC 2 2bdr + 2ba $650-$1053

ALL TENANTS ARE CURRENTLY MONTH TO MONTH

AGENT: Lewie Zettell 310 839-6051 License # 00971315

WESTSIDE PROPERTIES Real Estate Sales & Management8885 Venice Bl., Suite 201, Los Angeles, CA 90034

Tel. 310.839.6051 Fax. 310.839.6052

ADDRESS: 2922 Budlong St., Los Angeles 90007 – 10 units 3 blocks west of Vermont Ave. / 2 blocks north of Jefferson

RENT ROLLAPT. TYPE CURRENT RENT MARKET RENT MISC.

1 2Bdr + 2Ba $650 $2200 Manager2 2Bdr + 1Ba $1160 $18003 2Bdr + 2Ba $1053 $22004 1Bdr + 1Ba $933 $16005 1Bdr + 1Ba $1002 $16006 2Bdr + 1Ba $1012 $18007 1Bdr + 1Ba $1600 $16008 1Bdr + 1Ba $1011 $16009 1Bdr +1BA $954 $1600

10 2Bdr + 1BA $986 $1800LAUNDRY $100 $100

MONTHLY GROSS INCOME $10,461 $17,900ANNUAL GROSS INCOME $125,532 $214,800

AGENT: Lewie Zettell 310 839-6051 License # 00971315

All information contained herein has been obtained from sources deemed reliable but Westside Properties makes no warranties implied or stated as to their accuracy, all interested

parties are to rely solely upon their own investigation.