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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Investment Property Offering |
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| $899,950 | |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Executive Summary |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Property Description |
Coldwell Banker Commercial is pleased to offer 908 Teakwood Court Los Gatos, Ca. The subject property is a well maintained fourplex with an excellent unit mix including a large 3 bedroom-2 bath unit ideal for the owner-occupied buyer. Many units have have renavated kitchens and bathroom, and the unit floorplans are functional and spacious. There is ample parking and storage for the tenants. The subject property offers an outstanding unit mix, excellent Los Gatos location, and affordable rents for such an outstanding location. |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Investment Information |
| Financial Summary | |||
| Price | $899,950 | Down Payment (38%) | $350,000 |
| Current CAP | 3.89% | Loan Amount | $549,950 |
| Market CAP | 3.89% | Interest Rate | 4.5% |
| Current GRM | 16.76 | Loan Term | 30 year loan |
| Market GRM | 16.76 | Monthly Loan Payment | $2,786 |
| Annualized Operating Data | ||||
| Current | Market | |||
| Scheduled Gross Income: | $53,700 | $53,700 | ||
| Less Vacancy Reserve: (3%) | $1,611 | $1,611 | ||
| Gross Operating Income: | $52,809 | $52,809 | ||
| Less Expenses: | $17,799 | $17,799 | ||
| Net Operating Income: | $35,010 | $35,010 | ||
| Less Loan Payments: | $33,432 | $33,432 | ||
| Pre-Tax Cash Flow: | $1,578 | 0.45%* | $1,578 | 0.45%* |
| Plus Principal Reduction: | $8,872 | $8,872 | ||
| Total Return Before Taxes: | $10,450 | 2.99%* | $10,450 | 2.99%* |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Property Photos |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Property Photos |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Rent Roll Summary |
| Unit Number | Beds/Baths | Sq. Ft. | Current Rent |
| 1 | 3/2 | 1,200 | $1,700 |
| 2 | 1/1 | 700 | $850 |
| 3 | 2/1 | 900 | Vacant |
| 4 | 2/1 | 900 | $925 |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Rent Comparable Summary |
| Property Location | Year Built |
Property Size (GLA) |
Estimated Occupancy |
Avg./Ask Rent |
Lease Type |
Photos |
| 890 Teakwood Court | 0 | 4% | $875 | 1/1 | ||
| 950 Castlewood Dr. Los Gatos, CA | 0 | 4% | $875 | 1/1 | ||
| Rent Comparable Averages | 0 | 0 | 4% | $875 | ||
| Teakwood Apartments 908 Teakwood Court Los Gatos, CA |
1963 | 84,070 Sq. Ft. | 100 % |
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Teakwood Apartments 908 Teakwood Court Los Gatos, CA 4 Apartment Units |
Sales Comparable Summary |
| Property Location | COE | Sale Price | Year Built | Building Sq. Ft. | Price/Sq. Ft. | CAP Rate | Photos |
| 965 Teakwood Ct. Los Gatos, CA | 8/13/2004 | $950,000 | 1961 | 3,600 | $263.89 | 5.53% | |