Property Detail

Description

5.6% Cap Rate!!! Mostly new construction! Tenants pay all utilities! Front single story unit taken down to the studs and rebuilt. 3 duplexes behind it. The back 2 units are reserved for low-income for 15 years. Completely rebuilt in 2025-26, the front unit was taken down to the studs and the back units are all new - metered individually for water and electric, operating costs are going to be far less than other units and repairs should be minimal. Listing agent will manage the property for 1 year at no cost to buyer at the right price. Broker is owner. 2 leases commited but not signed due to SDGE delays on final meter install date. Targeting Feb. 1 occupancy