WOODBRIDGE CA PORTFOLIO SALE 8 UNITS 980 Indiana St

Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.6 MILLION. Total Current projected income is $201,600 With a current GRM of 7.93! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments): 1 Triplex, 1 Duplex, 2 single family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft. The final building in the portfolio is a large " Tradesman Shop" that is approximately 1900 sqft with an office and a large door that opens to accommodate larger items. The shop also has a large fenced in storage yard. That can easily accommodate more than a dozen vehicles or storage for a business or the new owner. (See attachments for a current rent roll and Market Rent Report that suggests plenty of additional upside potential) On the rent-roll we have penciled in $2,500 a month for the shop since the seller is willing to rent back for 6 months, but it can be delivered vacant. At full market rents for all units and the shop we see an annual gross income of around $212,620 per year, a GRM in the high 7’s and a Cap rate well into the 6's!
All offers are subject to inspection. No owner Carryback is being offered. There is a blanket encumbrance on all parcels so we cannot sell individual pieces of this portfolio, See attachments for more details including all four APN Numbers that must be listed in your offer. Please call Ron at (916) 730-3846 Before writing offers with any questions. We have a couple of lenders prepared to offer financing. We are working on getting more financial information and will be updating our attachments soon. Please check back and look in the attachments section or by calling or texting Ron. Requirements for offer presentation include: Proof of funds for downpayment and closing cost for both financed and cash offers, Proof from a lender that your buyer is either getting a commercial loan with all 4 parcels included or that your buyer is prequalified for 4 Individual loans conforming loans that can close concurrently. If you need a lender that can do this type of loan call Ron @ (916) 730-3846. For corporate entities or trusts offers must include a representative capacity form and Formation docs listing the buyer as a signatory.