Description
4-unit investment property spread across multiple buildings offering a desirable unit mix with four 2bd/1bth units with excellent rental upside. The current CAP rate is 7.20% and the current GRM is 10.92. The property was built in 1962, offers approximately 2,800 square feet of rental spaces and sits on an extra large 43,124 square foot lot with ample room for redevelopment, ADUs etc. Maintenance is low and the property is separately metered for PG&E with a well onsite for water providing for low annual operating expenses. The exterior and interior are in good condition with no deferred maintenance resulting in a relative turn-key investment for the next owner. This is a perfect opportunity for an investor seeking high rental upside or an owner-occupant looking to occupy one unit and let the other units pay-off the mortgage.
Location
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