Robinson Apartments | 222 F St
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Robinson Apartments 222 F St
19 Unit Apartment Building $1,397,000 ($73,526/Unit) 7.83% Cap Rate Needles, CA 92363
INVESTMENT HIGHLIGHTS
- This 19 unit complex is composed of 14 Studio and 5 Unit 1 bedrooms with 1 bath. Note: 16 units remodeled one year ago, new roof, 90% new plumbing.
- The Robinson Apartments have been well maintained and upgraded as needed. The complex is fully occupied.
EXECUTIVE SUMMARY
PRICE REDUCTION. This property is currently 100% leased and serves as an excellent source of residential income. BC 2% Any additional information can be requested through broker, Sergio Paz, BRE. 01795025 Phone 818-858-2120
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,397,000 | Building Class | C |
| Price Per Unit | $73,526 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 6,424 SF |
| Cap Rate | 7.83% | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,397,000 |
| Price Per Unit | $73,526 |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,424 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 13 | - | 220 - 360 |
| 1+1 | 6 | - | 348 - 460 |
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PROPERTY TAXES
| Parcel Number | 0186-103-23 | Total Assessment | $714,000 |
| Land Assessment | $102,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $612,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0186-103-23
Land Assessment
$102,000
Improvements Assessment
$612,000
Total Assessment
$714,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
ZONING
| Zoning Code | GC (General Commercial) |
| GC (General Commercial) |
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Robinson Apartments | 222 F St
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