10% EQUITY PARTNERS NEEDED - 12 Unit Complex

NEED Equity Partners!!!

80k buys you 10% equity in apartment complex

I am looking for Equity Partners to invest in this great apartment complex with me.

RENTS:
2br = 1050
1br = 900

Purchase Price: $800,000.00

County: Los Angeles
Prop Type Income Property Prop Subtype(s) Income Property

Beds 16 Approx Square Feet 7712 Assessor
Baths 12 Price/Sq Ft $103.71

Year Built 1958 Lot Sq Ft (approx) 16796 ((Assessor))

Marketing Remark: This is an investor's dream! There are 12 units with 8 one bedrooms & 4 two bedrooms. Has separate laundry room with 2 washers and 2 dryers. Units are surrounded by wrought iron fencing with key only entry access. Great benefit for safety!

General Information
Zoning LRR3* Number of Units #12.0
Number of 1 Bedroom 8 Number of 2 Bedroom 4
Other/ See comments 1 (Laundry room/Storage/Key Room)
Approx. Age of Roof #12.0
Terms Conventional, Cash
Price Per Unit $88333.00 Price Per SQFT $137.45
Gross Rnt Mult.(GRM) $8.03
Seller Projected Op Data
Schd Gross Inc(SGI) $66000.00

Utilities
Electric- Master No Master Electric-Individual Has Individual, Paid by Tenant
Water- Master Has Master, Paid by Landlord Water-Individual No Individual
Gas-Master No Master Gas-Individual Has Individual, Paid by Tenant
Water Heater-Master No Master Water Heater-Indiv. Has Individual, Paid by Tenant
Additional Information
Rent Control No ADA Compliance Buyer to Verify
Alley Yes Elevator No
Limited Access Yes Heating Types Wall Furnace
Cooling Type Central Air/Evap. Fire Sprinklers No
Roof Type Composition Shingle Construction Type Stucco