PRIME LOCATION! Flowing asset with Massive Upside. Incredible value-add opportunity. All units are Month-to-month leases, a highly attractive opportunity for strategic tenant repositioning to reset rents to market rates and significantly increase cash flow and property value. This 10-unit investment opportunity is on a 12,562 lot.… Read More Roof is 10 years old, electrical upgrades, resurfaced garages, replace wood stairs. Prime location known for its high demand, central location and its appeal to a broad tenant base. Why wait for prices to keep rising, as current trends indicate they will? Units shown with accepted offer. Broker does not guarantee square footage or lot size. Buyer to perform due diligence. Read Less
Property listed by Next Level Properties, Gayle Barnes 888-699-8702
Listing Snapshot
Days Online
59
Last Updated
Property Type
Other
Beds
10
Square Ft.
7,005
Lot Size
0.29 Acres
Year Built
1928
MLS Number
25504269
30 Days Snapshot Of 90019
$1,290k
-34%
(avg) sold price
14
-12%
homes sold
81
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 7,005, Levels: Two, Living area: 7005, 2 stories, 1 building, Construction materials: Stucco
Cooling
None
Expenses
Gardener expense: $1,800, Insurance expense: $8,670, Maintenance expense: $8,660, New taxes expense: $3,170, Trash expense: $3,170, Water sewer expense: $10,329
Heating
WallFurnace
Income
Gross income: $116,616, Net operating income: $79,917
Lot
0.2885 acres, 12,566 square feet, Size: 12,566
Parking
10 totals parking
Pool
None
Property
Zoning: LARD2
Roof
Shingle
Spa
None
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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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