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25420 Sheffield Lane

Saugus, CA 91350
  • $900,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: OC21251907
UPDATED: 90 min ago
$900,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

Listing provided courtesy of Tony Morrison of Lantern Bay Realty

Description

Rare updated/upgraded turnkey 3 Bed 2 Bath 6 bed Licensed California Healthcare Facility. Tenant has 8 more years left on a Double Net Lease with two 5 year options. Landlord Responsible for Roof and Structure. 3% Annual Increases in Rent Starts on March 2022. Current NOI is $55,104 giving an investor a 6.12 cap rate at the asking price of $900,000.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123401124
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25420 Sheffield Lane Saugus, CA 91350

  • Price: $900,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 90 min ago
  • ID#: OC21251907
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1987
Built
Neighborhood:
CJRC - Circle J Ranch
County:
Los Angeles
Area:
CJRC - Circle J Ranch
Property Description
Rare updated/upgraded turnkey 3 Bed 2 Bath 6 bed Licensed California Healthcare Facility. Tenant has 8 more years left on a Double Net Lease with two 5 year options. Landlord Responsible for Roof and Structure. 3% Annual Increases in Rent Starts on March 2022. Current NOI is $55,104 giving an investor a 6.12 cap rate at the asking price of $900,000.
Exterior Features

Construction Materials Stucco Fencing Block Lot Features Back YardYard Number Of Separate Electric Meters 1 Parking Features Direct AccessGarage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Roof ConcreteTile Spa Features None Spa YN No View Park/GreenbeltMountain(S) View YN Yes

Interior Features

Appliances Dishwasher Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring TileWood Heating Central Heating YN Yes Interior Features Cathedral Ceiling(S)All Bedrooms UpBedroom On Main LevelMain Level Master

Property Features

Additional Parcels YN No Cap Rate 6.12 Common Interest Planned Development Community Features CurbsHiking Contingency N/A Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 66000 Gross Scheduled Income 66000 Insurance Expense 1000 Land Lease YN No Laundry Features In Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 55100 New Construction YN No New Taxes Expense 9900 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 10899 Possession See Remarks Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesRepairs Trash Expense 0 Utilities Cable AvailableNatural Gas Connected Vacancy Allowance 0 Water Sewer Expense 0 Water Source Public Zoning Scur2



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Tony Morrison of Lantern Bay Realty