8 Pride of Ownership Normal Heights units just 1/2 block south of Adams Avenue. 6 of the 8 units have been fully renovated featuring: granite countertops, new kitchen and bath cabinets, new tile showers, stainless steel refrigerators-dishwashers-microwaves-stoves, wood laminate floors, dual pane windows, etc. The property features: two… Read More 2-car garages, 5 open parking spaces, secured gated access, owned cashless laundry room (also renovated), new main electric panel, new 50-year roof (2016), new exterior paint (2023), zero scape landscaping, and completed balcony inspection (2025). Building was re-piped in 2015 and tented for termites in 2021. The 2 non-renovated units are in great condition and also have wood laminate flooring. There is significant potential for increased cash flow, as current rents are 12% to 15% below market rates. Investors have the option to further maximize returns by either converting the two double garages into Accessory Dwelling Units (ADUs) or charging tenants for garage usage. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
Mixed Use
Lot Size
0.14 Acres
MLS Number
250041554SD
30 Days Snapshot Of 92116
$1.18M
0%
(avg) sold price
13
-50%
homes sold
50
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building, Construction materials: Drywall, Stucco
Cooling
WallWindowUnits
Expenses
Operating expense: $63,097
Heating
WallFurnace
Income
Net operating income: $125,682
Lot
0.1437 acres, 6,258 square feet, Size: 6,258
Parking
9 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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