Motivated Seller! Rare opportunity to own a high income producing investment property with strong cap rate potential. The property consists of two legal units and one additional unit with unknown permit status, for a total of three units.The front unit is a 2 bedroom 1 bathroom approximately 600 square feet.… Read More The main unit is a 2 bedroom 2 bathroom approximately 700 square feet and has just been fully remodeled. It is currently vacant and ready for a new tenant at market rent. The rear unit is a 1 bedroom 1 bathroom approximately 300 square feet with permit status unknown.Two units are currently occupied, providing immediate rental income, while the vacant unit offers upside potential for increased cash flow.Zoning allows for up to four units. The seller has already worked with an architect to prepare plans for future expansion, which are available for review.This is an excellent opportunity for investors looking for strong current income with additional development upside. Read Less
Listing Snapshot
Days Online
46
Last Updated
Lot Size
0.19 Acres
Year Built
1943
MLS Number
260007028SD
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1943, 1 building, 1 storey, Levels: One
Community
Park Name: NK
Cooling
WallWindowUnits
Disclosures
Incorporated
Fence
Partial
Heating
NaturalGas
Home Owner's Association
Association Fee: $0
Lot
0.19 acres
Pool
None
Roof
Composition
Taxes
Parcel Number: 6270520700, Zoning: R-2:MINOR
Tenant Pays
Electricity, Gas, TrashCollection
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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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