Exceptional value-add opportunity featuring two homes on one lot with significant upside potential. This versatile property is ideal for investors seeking multiple income streams and future development opportunities. The front residence is a 3-bedroom, 1.5-bath home that was fully renovated in 2020, offering modern finishes and strong rental appeal. The… Read More rear unit is a well-maintained 2-bedroom, 1-bath home with washer and dryer hookups and a spacious private backyard, enhancing tenant desirability. Situated on a uniquely configured “L”-shaped lot, the property provides ample space for expansion, with additional land at the rear presenting potential for ADU development or other value-add projects (buyer to verify all possibilities and conduct their own due diligence). With its flexible layout, existing improvements, and development potential, this asset offers a compelling opportunity to increase cash flow, maximize land use, and drive long-term appreciation. Ideal for experienced investors looking to unlock additional value. Read Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Duplex
Lot Size
0.44 Acres
Year Built
1955
MLS Number
SB26085310
Additional Details
Building
Built in 1955, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: front
Community
Foothills
Cooling
None
Expenses
Insurance: $1,065, Operating: $11,765
Home Owner's Association
Association Fee: $0
Income
Gross Income: $57,480, Gross ScheduledIncome: $57,480, Net Operating Income: $43,991
Laundry
WasherHookup
Lot
0.4442 acres, ZeroToOneUnitAcre
Parking
2 carport spaces, 2 total parking spaces, Driveway
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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