This beautifully refreshed 12-unit property presents a rare opportunity to acquire a pride-of-ownership asset with substantial income upside. Current rents offer immediate improvement potential, with just an 8.8% adjustment, investors can realize a meaningful increase in NOI while positioning the property for natural turnover to market rents. The 3-bedroom and… Read More 2-bedroom unit mix stands out in a market saturated with smaller one-bedroom and studio units, providing superior tenant demand and rent growth potential. Recent comparables have traded at similar price-per-unit metrics despite offering inferior layouts and limited income capacity, highlighting the value advantage of this asset. The 3 fourplexes also sit on 3 separate APNs offering the next buyer possible alternative exit strategies. With its recent exterior painting, new parking lot, strong fundamentals, and attractive unit composition, this property is poised to become a top performer in any portfolio. Read Less
Listing Snapshot
Days Online
211
Last Updated
Property Type
MixedUse
Lot Size
0.26 Acres
MLS Number
2600970SD
Additional Details
Building
3 buildings, Construction Materials: Stucco
Expenses
Operating: $107,785
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $301,380, Net Operating Income: $178,527
Lot
0.2556 acres
Parking
12 total parking spaces
Taxes
Parcel Number: 4773410400
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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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