Property Detail

Description

Great opportunity to purchase an investment property at a price significantly below replacement cost. Comprised of 5units.Offers approximately 8,000 sqft of building area on a 10,500 sqft lot. Tremendous upside in rental income and long-term appreciation in a prime location. The property features four front units all 2 bedroom 1 bathroom. Owners unit consists of two stories, totaling 3 bedrooms 2 bathrooms in total, two living rooms and ample parking. Each unit includes the convenience of in-unit laundry. Several units have been upgraded with split-system HVAC, and the remaining units are equipped with wall A/C units. Currently, 3 of the 5 units are tenant occupied. Owners unit in the back and one front unit will be vacant at close of escrow. This property is an outstanding value-add opportunity for investors looking to maximize returns. The spacious units, strong rental demand, and significant rental upside make this an ideal long-term investment. The property also offers **potential to add an ADU (Accessory Dwelling Unit)**, subject to buyer verification with the City and all applicable governmental agencies, creating an additional opportunity to increase future income. **Property Highlights:** This attractive 5-unit apartment building offers approximately **8,000 square feet of living space** on a generous **10,500-square-foot lot** and features an ideal unit mix of **four 2-bedroom, 1-bath units** and **one spacious 3-bedroom, 1-bath unit**. Every unit includes the convenience of **in-unit laundry**, with several units upgraded with **split-system HVAC** and the remaining units equipped with **wall A/C units**. Currently, **3 of the 5 units are occupied**, with **current rents well below market**, offering a substantial value-add opportunity for investors. The property boasts **spacious floor plans**, **ample on-site parking**, and **potential to add an ADU (Accessory Dwelling Unit)**, subject to buyer verification and city approval. With significant rental upside and a prime location, this is an exceptional investment opportunity with both immediate income and long-term growth potential.