Below-Market Financing – Existing ~$700,000 loan at ~3% fixed interest. Loan remains with the LLC — no assumption process required.
• Strong Cash Flow – $8,152 monthly rent ($97,823 annual gross).
• Efficient Operations – Operating expense ratio only ~8.3%.
• Attractive NOI – $89,723 annual net operating income.
• Cap Rate ~8.2% at $1.1M valuation.
• Clean Structure – Sale of single-purpose LLC that owns only the property and loan.
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?? Property Overview
• Address: 2120 E. 22nd Street
• Current Ownership: Held in single-purpose LLC (to be transferred in sale)
• Gross Building Income: $97,823 annually
• Net Operating Income: $89,723 annually
• Loan Balance: ~$700,000 | Rate: ~3% fixed | Term: 25 yrs remaining
• Tenancy: Stabilized income stream
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?? Financial Summary
• Gross Rent: $97,823/year ($8,152/month)
• Operating Expenses: ~$8,100/year
• Annual NOI: $89,723
• Cap Rate: ~8.2% at $1.1M | Asking ~$1.2M
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?? Transaction Details
• Structure: Sale of LLC membership interests, not a deed transfer.
• Buyer steps into existing financing — avoiding today’s higher-rate debt environment.
• Closing handled through escrow/title.
For rent roll, expense breakdown, and loan schedule, please contact:
Ruhira Holdings - 510-917-2755 - info@ruhira.co