7 units in University Heights - All 2 Bedroom units. Perfect building to renovate, add additional dwelling units, and re-rent at market rates to add value. The 6-car parking garage looks to be the perfect place to add 2 or 3 ADU units while still preserving 5 parking spaces in… Read More front of the new ADUs. 5 additional open parking spaces in the rear (11 existing parking spaces currently - 6 covered & 5 open). Current rents are low making this property the ideal candidate for the Renovate & Raise model. Laundry room and additional storage lockers for tenants are located under the partially enclosed parking garage. Prime University Heights location. **** Please do not walk on property as tenants unaware the property is for sale ****** Read Less
Listing Snapshot
Days Online
99
Last Updated
Property Type
Mixed Use
Lot Size
0.16 Acres
MLS Number
250022442SD
30 Days Snapshot Of 92116
$1.12M
-17%
(avg) sold price
25
+47%
homes sold
61
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building, Construction materials: Drywall, Frame, Stucco
Expenses
Operating expense: $61,840
Heating
WallFurnace
Income
Net operating income: $99,014
Lot
0.1607 acres, 6,998 square feet, Size: 6,998
Parking
6 carport spaces, 11 totals parking
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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