Property features 2 Stories with Gated Entry
5060 SF on 6250 SF Lot - Built 1957
8 Bedrooms and 7 Bathrooms
Unit Mix of (1) 3+2 and (5) 1+1
Cross streets Hazeltine and Oxnard Minutes to Civic Center
Lots of restaurants, shopping and transportation
Minutes walk to the Orange Line Busway
Good Walk Score of 71

REAP, INCOME & UPSIDE DETAILS
City has closed all the REAP violations and in process of total removal.
REAP account currently has over $30K to be assigned to new owner
One vacant 3 bedroom unit has future income of $3000 monthly
Remaining 5 units will begin paying rent to the new owner.
Can turn 1 bed into 2 bedrooms and possible to add ADU to rear of building for 7 units & additional income
Property also has monthly laundry income

Original Loan Amount $900,000
Original Interest Rate 10.9%
Current Default Rate 18.9%
Loan Matured June 2024
NOD Ready to be Filed
Monthly Income $5,081
Monthly Proforma Income $13,950
Income Held in REAP over $30,000
AS IS Appraised Value $1,500,000
Unpaid Balance of $982,546
Daily Per Diem $474.75
ASKING PRICE $975,000