Property Detail

Description

9411 Madison Ave is located on a beautiful tree lined street, 1.4 miles north of the 105 Freeway and 2.5 miles west of the 710 Freeway. It is located near shopping centers, schools, parks and recreational centers. Excellent property for investors and/or owner occupants. This is a rare, non-city-rent-controlled, 4-unit property. Built in 1944 and kept in great condition, the apartments are situated on an expansive corner lot with ±6,821 square foot of area. The units comprise of a total building construction of ±3,641 square feet. The property offers an excellent unit mix of three, two-bedroom/one-bathroom, and one three-bedroom/one-bathroom units, averaging 910 square feet. It also features 4 single car garages, mature landscaping, and newer exterior paint. Call for additional information. CAP rate and GRM has been calculated with present rental income. There is still plenty of upside potential.