This attractive 6-unit apartment offers a lucrative investment opportunity. Composed of 2 separate buildings, Each building made up of 3 units and each unit consists of 2 bedrooms and 1 bathroom, making them ideal for both individuals and small families. The added convenience of indoor laundry facilities within each unit… Read More eliminates the need for tenants to travel elsewhere for their laundry needs, enhancing the appeal of the apartments. One standout feature is the inclusion of a 1-car garage per apartment. This feature not only provides tenants with secure parking but also adds to the overall value of the property. In an area where parking can often be a challenge, this amenity sets these apartments apart from the competition. The potential for increased rental income is an exciting aspect of this investment. The current market rents stand at $10,200 (Projected Gross), offering room for upside potential. This potential for growth in rental income is particularly appealing, given the property's strategic location. Situated near a Logistics Airport and the newly established Amazon Distribution Center, Snapple, Boeing, plus many more increase the demand for housing in the area is likely to remain strong, contributing to a stable tenant pool. It's worth noting that the Section 8 Local Payment Standards dictate rents at $1769. This provides a level of stability in rental income, as these standards are typically reliable and consistent. This could be an advantage in terms of securing consistent rental income, even in fluctuating market conditions. Overall, this 6-unit apartment complex presents a compelling opportunity for an investor like you. The combination of well-designed units, convenient amenities, potential for increased rental income, and strategic location near key transportation hubs and employers make this property an attractive addition to your portfolio. Read Less
Listing Snapshot
Days Online
252
Last Updated
Property Type
MultiFamily
Square Ft.
5,616
Lot Size
0.46 Acres
Year Built
1987
MLS Number
CV25229320
Additional Details
Building
Built in 1987, 2 buildings, 1 storey, Entry level: 1, Construction Materials: Drywall, Stucco
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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