Exceptional value-add 7-unit multifamily investment in the heart of City Heights. Priced at just $228K per unit, this asset offers strong fundamentals with a GRM of 11.4 (pro forma) and a 6.3% pro forma cap rate. The unit mix includes six 1BR/1BA units and one spacious 2BR/2BA townhome-style unit with… Read More an attached 2-car garage and bonus room. All units are on month-to-month leases with rents well below market, presenting a major opportunity to increase cash flow. Located in an RM-1-1 zone within a Transit Priority Area, this site supports long-term redevelopment or potential ADU additions. Ideal for investors seeking immediate rental upside and future redevelopment potential. Read Less
Listing Snapshot
Days Online
46
Last Updated
Property Type
Other
Lot Size
0.14 Acres
Year Built
1978
MLS Number
PTP2504831
30 Days Snapshot Of 92105
$608k
-4%
(avg) sold price
14
-36%
homes sold
43
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1978, Building area total: 4,544, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Sidewalks
Expenses
Electric expense: $300, Insurance expense: $3,500, New taxes expense: $20,400, Operating expense: $4,236, Trash expense: $2,400
Garage
2 spaces
Income
Gross income: $6,080, Net operating income: $71,124
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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