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REE.com - where the real estate investor market is always hot. With real estate credit virtually non-existent, facilitating a direct 1031 exchange between property owners is a great alternative. REE.com is the oldest, most trusted, and fastest-growing online exchange website for the trading or property swap of commercial real estate properties.


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I am interested in the below property. Send them my property page Send Property
 Pismo State Beach Front 3 Units

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Property Type:  Land - Multifamily
Last Updated:  1/12/2017 2:06:31 PM EST
Property # 36643
Location:  Oceano/PISMO BEACH, California 93445 USA
View Address On Mapquest
           
Value: 
Loans: 
Equity: 
$2,750,000
$1,500,000
$1,250,000

3 UNITS ON THE BEACH

Property Description:
California Beach: 462, 1,820, 1,638 Sq Ft. Email for photos.John (760) 533-6364 Current Income$11,040, expenses $1,328 per month. 4.8% CAP RATE. Must have Cash/Loan of $1,500K and Exchange equity of $1,250K.Prefer Western States and Tropical areas.
Benefits to New Owner:
3 Units on Beachfront, Income $11,040/month or live in one and rent the other two out.
 General Information
Development Type: Residential
Size of Completed Project: 3,920
Preliminary Design Work Completed
 Utilities Available
Water Yes Gas Yes
Sewer/Septic Yes Phone Yes
Storm No Cable Yes
Electricity
Yes Other

Land Comments
Expenses $1,328/mth. $11,040 income Check comps! 4.8% CAP RATE! Trades OPEN! Equity of $1,250,000 must have Cash/Loan for current loan of $1,500,000. Prefer Western States. Nice areas, tropical!

 Annual Income & Expense
 Per/Year % of G.I. Projected/Year
Gross Operating Income $132,480100%$130,800
Operating Expenses (-) $15,93612%$16,380
Net Operating Income (=) $116,54488%$114,420
Loan Payments (-) $00%
CASH FLOW (=) $116,54488%$114,420

Additional Income & Expense Comments
Income $11,040/month. Expenses $1,328/mth. Projected Expenses: Taxes $7,928, Utilities $4,938, Ins $2,950, Main $2k, 4.2% cap rate. Beach property Cap Rates are from 2.75% to 4%. Prefer West States.

 Loans
No information found.

Loan Comments
Trades! NOI includes property taxes. Want Apt's/MHP/RV in $1.5M to $6M price. Loans available.

 Additional Information Available Upon Request
No Appraisal available at this time
Maps: Area & Plat
Title Report
Photographs
Environmental Reports
Notes & Trust Deeds
Zoning Information

 Can Adds
No Can Add information found.

Can Adds Comments
Can add cash for the right property. Want Apts/MHP/RV or Ranch with proven income, especially Oceanfront in Hawaii.

Click to view Other parties that may want what you have based on a computer match from the property records data

 Owner's Profile
Occupation  Calif Lic Broker #00783501   Name  Please Sign In or Register to view owner information.

Why Owner No Longer Wishes to Own This Property
Want to take profit and move on

Owner Comments and Benefits desired from Exchange
This LEED Project with Coastal Commission Approvals was designed to help my son get started as a new Architect.

 Will Consider Exchanging For
Commercial: Resort
Industrial: Manufacturing, Mini Storage, R & D, Vacant, Warehouse, Other
Residential Income: House(s)
Land: Farm / Ranch
Mobile Home Park: Family, Senior, Trailer / RV, Other
Personal Property: Cash, Notes / Paper, Barter Currency, Airplane, Automobile, Boat / Yacht, Gem Stones, Insurance/Viaticals, Services, Stocks, Other
Business Opportunities: Marina
Owner Occupied: House
Services Offered: Construction

U.S. Locations
Map
States/Regions: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wash. D.C., West Virginia, Wisconsin, Wyoming, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon - N.W.T., Guam, Puerto Rico, Other - Non U.S.

Regions: 'WEST', 'SOUTHWEST', 'MIDWEST', 'SOUTHEAST', 'NORTHEAST'

Non U.S. Locations
Africa, Australia, Canada, Caribbean, Central America, Europe, Mexico, Middle East, New Zealand, South America, South Seas, Other


Owner Will Exchange for Additional Comments
Colorado, Hawaii, San Diego. Will seriously consider all offers. No junk locations or junk properties.

 Property Represented By

Click Here to contact the Owner or Agent representing this property.

REE.com Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.

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