Great cash flow property with huge upside too. 7.5% cash on cash return with current rents and management fee included, 7.1% cap rate. Many upgrades over the years including, Newer roof on both buildings, Copper water pipes, Vinyl windows, new external stairs to top unit in the back building. Possible… Read More conversion of garages currently used for storage to ADU to make 7 or 8 units, check with city for allowances. Located in a strong rental area in South Central Area with a great unit mix of five 3 Bdrm and 1 Bath units. Walkable score of 83. Property is separate metered for Gas and Electric and consists of two buildings, a 4-plex up front and duplex along with a 4 car garage in the back. Front 4 units have been converted to 3 bedrooms but third bedroom can easily be used as a living room as well, Buyer to verify permits for all changes and improvements. Market rents shown are for Section 8 approved 2 bedroom units. Garages currently used for storage. Read Less
Property listed by Bell Realty Group, Richard Bell 714-309-3549
Listing Snapshot
Days Online
6
Last Updated
Property Type
Mixed Use
Lot Size
0.16 Acres
Year Built
1954
MLS Number
PW24235975
30 Days Snapshot Of 90011
$584k
-10%
(avg) sold price
6
-14%
homes sold
101
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1954, Building area total: 5,729, Levels: One, 1 story, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
Community
Curbs, StormDrains, StreetLights, Sidewalks
Cooling
None
Expenses
Insurance expense: $6,500, Licenses expense: $650, Maintenance expense: $4,000, New taxes expense: $19,063, Operating expense: $49,388, Trash expense: $4,000, Water sewer expense: $3,400, Other expense: $3,679
Fence
ChainLink, Grapestake
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $161,928, Net operating income: $107,682
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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