Monday, January 14, 2008

Pasadena Residential Income $445,000


Units: 2

Year Built: 1915

Property Description: 0% down payment. Seller may help for down payment, closing cost and free TV as Gift. Totally Remodeled inside and outside like new house. Beautifully finished duplex houses on tree-line street. New laminated hardwood & tile floor, new paint, new kitchen cabinets and appliances. New tiled bathrooms, new granite kitchen countertops. New wrought iron gates and fence. Newer windows, doors, stucco walls and roof. Unit on Summit Avenue has 2 bed / 1 bath with volume ceiling in living room and kitchen. Unit on Tremont Street has 1 bed / 1 bath. 1 car garage. Ample parking spaces on both streets. Close to Freeway 210 & 134. Professionally landscaped with auto sprinklers.

Financial Analysis
Gross Sched Income: $1 Operating Exp: $1 Net Operating Income: $1
Total Annual Op Exp: $1

Monthly GSI: $2,400
Sep Water Mtrs: 2 Sep Gas Meter: 2 Sep Electric Mtrs: 2
Total Pkng: 2 # of Garages: 1



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