PRICE IMPROVEMENT! 12.5 X GROSS CURRENT INCOME: Presenting the "Mara" apartments, renovated and well maintained 9 Unit apartment complex located in the heart of North Park. The property features 3 (3br-2ba) and 6 (1br-1ba) units with 2 (2) car garages off the alley! Great potential to convert garages to… Read More ADU's. Plenty of parking onsite with 11 spaces plus 2 (2) car garages. Renovated units-upgrades include entire kitchens and bathrooms, paint, flooring, ceiling fans, light fixtures and appliances. Exterior paint, landscaping,security gates and siding. This a a true "Turn Key" property with strong CURRENT rents...no need to wait for years to bring your rents close to market. The 3br units have stacked washer/dryers and other units use the onsite laundry room. Read Less
Listing Snapshot
Days Online
26
Last Updated
Property Type
MixedUse
Lot Size
0.16 Acres
MLS Number
260006951SD
Additional Details
Building
1 building
Expenses
Operating: $88,200
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $252,000, Net Operating Income: $163,800
Lot
0.1608 acres
Parking
7 total parking spaces
Taxes
Parcel Number: 4453420700
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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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