Newly renovated Spanish style multi-family property. Recent improvements include new electrical, plumbing, foundation, exterior/interior paint, flooring, kitchen and bathrooms. 3 of 4 units renovated. 1 of 4 units has under market renter. 3 of 4 units currently vacant and completing renovations and almost ready for lease up. Property consist of de-attached garage structured primed for an ADU conversion. Seller has plans to add 2 ADU's and construction documents ready to be submitted. In place 4.5% cap rate and 15xgrm. Once ADU's are added and last unit brought to market, property boast a remarkable 8% Cap rate and 11xgrm ant 11% yield on cost.
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 26th March, 2023 9:11 PM (UTC)
Listing Agent: Adam Kanizo
Listing Office: LND Realty