Significant Price Reduction. Garden Style 10 Unit Apartment Building located on the western side of City Heights, just a few blocks from the I-15. The property offers a Walk Score of 88/100 and is conveniently situated near several grocery stores and restaurants. 3770 42nd Street provides access to multiple… Read More elementary, middle, and high schools within a short walk or drive. City Heights continues to improve year over year in terms of overall property conditions and tenant quality. This is the perfect “bread & butter” property that attracts quality tenants and should provide a stable, cash-flowing investment for the next owner. Significant capital improvements have been completed, including main and subpanel electrical replacements for insurance compliance, a roof approximately seven years old, and the recent replacement of more than half of the water heaters. SB 721 work has been completed, with a passing inspection report available upon completion of the final inspection scheduled for next week. The Property has been well maintained over the years by a well respected Property Management Company. The mix consists of 7 1BR/1Bath & Three 2BR/1Bath units. Nearby units are achieving rents approximately 10% higher. Read Less
Listing Snapshot
Days Online
50
Last Updated
Property Type
MixedUse
Lot Size
0.16 Acres
MLS Number
260015351SD
Additional Details
Building
1 building
Expenses
Operating: $68,963
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $214,183
Lot
0.1623 acres
Parking
10 total parking spaces
Taxes
Parcel Number: 4716312600, Zoning: R3 Restric
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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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