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- #49: 4 Deals, One Goal: Maximize ROI
#49: 4 Deals, One Goal: Maximize ROI
15-Unit Stockton MFH, Santa Ana Duplex + SFR, San Diego House Hack, and a High-ROI Flip.
Kevin
December 23, 2024
In partnership with
Hello Investors,
Welcome to Dealsletter #49! Whether you’re an investor looking for stable returns, a house hacker searching for the perfect opportunity, or a flipper ready to create equity, this week’s properties have it all. From Downtown Stockton to Coastal Imperial Beach, these deals offer tremendous upside, strong cash flow, and value-add potential. Let’s dive in!
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🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 7.04%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.42%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?
📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals 🏘️
Multi-Family in Stockton, CA
Property: Commerce Apartments, 15 Units
Cap Rate: 6.18%
Multi-Family in Santa Ana, CA
Property: Bush St, Tri-Plex
Cap Rate: 5.04%
Multi-Family/House Hack in San Diego, CA
Property: Amherst, Tri-Plex
Cap Rate: 5.99%
Multi-Family/House Hack in Imperial Beach, CA
Property: Florence St, 5 Units
Cap Rate: 5.86%
Multi-Family
💸 Price: $1,687,500 | Cap Rate: 6.18%
🏢 Units: 15 (14 x 1-Bed/1-Bath, 1 x 3-Bed/2-Bath)
Why This is a Great Investment 👉🏼
Turnkey asset located in Stockton’s Downtown Waterfront district.
100% occupied at near-market rents with low management responsibilities.
Recent upgrades: Roof, sewer main replacement, 6 remodeled units, and a high-definition camera security system.
Gated parking with secure access provides added tenant appeal.
The Stats (25% Down) 📝
Gross Rental Income: $230,400/year
Operating Expenses: $74,496/year
Net Operating Income: $155,904/year
Parking: Gated lot with 3.26/1,000 SF parking ratio
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